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Saturday, December 18, 2010

London 2012: Olympic village buyers shortlisted (Telegraph)

Delivery authority Olympic Friday named nine bidders 1,439 houses and Stratford development sites.

Agreement, which may be a $ 500 million to £, drew Hutchison Whampoa Group listed in Hong Kong, the Wellcome Trust and consortia DeLancey with football Diar, Grainger with Moorfield, Aviva with JP Morgan and the Frank London & Stamford Sir Robert McAlpine with David Wilson.

USA: Company recalled meat sent NM (SignOnSanDiego.com) business

By the Associated Press, Friday, 17 December 2010 to 11 pm.

ALBUQUERQUE, N.M. - U.S. Department of agriculture says that a company is recalling thousands of pounds of meat sent New Mexico companies.

Food security and service inspection agency said Friday that Winn Dallas-based meat co. was recalling books 25,600 beef products that have been mislabeled and potentially contaminated ground.

The Agency said in a press release that meat that pose a risk to the weak, and it has received no reports of illness linked to it.

But he said that recall was necessary because meat was sent to non-Federal inspected establishments where it cannot be checked enough more treatment has occurred to remove pathogens is possible.

A release of the Agency explains each box of 60 pounds is the issue ".". "2338" code case "506093."

He says that the ground beef products were distributed to restaurants, central kitchens and catering to the State.

Winn and affiliated Ben e. Keith Foods is a not return immediately phone message left for comment Friday night.

Survey of State funds happened very quiet (latimes)

Almost four years ago, authorities expelled top-level public accident insurance company officers, redesigned operation and has launched a criminal investigation into reports of conflicts of interest, embezzlement and misappropriation of $1billion.

Today, probe involving public compensation insurance fund continues in silence as prosecutors face possible limitations statutes that would bar of criminal charges and civil prosecution.


The last event publicly occurred at 18 months, when a search warrant has been issued to a former member of the Board of Directors in Redding, about 150 miles north of Sacramento.

"Seems to have fallen off the coast of the face of the Earth", said Mark Webb, Vice President for the Pacific Compensation Insurance Co. in the hills of Agoura rival. "When you think about how this exhausted publicly, it seems that there is at least enough take it to the grand jury."

Legislators also begin to ask questions about the case of funds.

"It is time that the legislature of check to the district prosecutor's Office" and the funds, said the Chairman of the Committee of Insurance House Jose Solorio (Santa Ana - D). "Everyone merit if this case is being solved or if it is still under consideration."

Former Senator Mike Machado, now member of the Fund of the State, says "the length of time" and apparent lack of activity was frustrated by the investigation. He refused to comment further on the matter.

President of the company, Jeanne Cain said only that "funds has long moved past events" of 2007.

The investigation led by San Francisco the Atty Kamala Harris, whose Office has established a working group which included the California Highway patrol and the State Insurance Department.

But Harris leaves in two weeks for his new job in the California Attorney General. Erica Derryck, a spokesman for the district prosecutor's Office said only that "is an investigation and active by the Working Group".

Insurance Commissioner Steve Poizner, the Bureau has published an audit though some funds three years ago stated that staff had concluded its work on the case and that he could not discuss the status of the investigation.

$ 21 Billion company is an essential element of the California economy, because it is the insurer of last resort, especially for small and medium-sized companies who cannot obtain comp coverage affordable workers, which requires the State. This year, the national fund is expected to write from 1.1 billion in premiums for 150 000 employers in California.

Disorders in the Fund began in the fall of 2006, when the Office of the Governor pressure two members of the Board to resign on potential conflicts of interest. Less than six months later, guiding the Fund of the State, after having conducted an internal review, ousted President of the company, James Tudor and a vice President, Renee Koren.

Examination discovered practical financial bad involving sale of political discount by associations outside with links to some members of the Board.

An audit of insurance issued in December 2007 revealed that while Frank DelRe and Kent Dagg was the Board of Directors, DelRe Long beach administrators assurance received 140 million dollars in funds of fresh marketing and the construction trades associations connected with Dagg received $ 125 million.

Audit said conflict potential interest has occurred Dagg participated in decisions raise commissions paid to companies - including their own - administered at discounted price strategies Group associations like employers, such as contractors and restaurants and DelRe.

Confidential State funds Council minutes indicated that the two men had no conflict of interest, the audit said. But "the fact that the jury members may have gained financially from the decision of the Fund creates the appearance of a potential conflict", said Auditors.

Since then, the investigation has been largely quiet.

Legal experts said time could be missed.

Laws more felony in the State, including fraud, require the prosecution within three years of the crime alleged, that the prosecutors have flexibility in some cases. Civil law carry limits for four years. Some criminal charges, such as the misappropriation of public funds, have no limitation.

"It comes to complex cases and take some time, said Robert Fellmeth, Director of the Center for Public Interest Law at the school of the University of San Diego law and a former San Diego County assistant district attorney."

"But if you have the Department of insurance, road patrol of California and the Attorney for district of San Francisco all resources that contribute to an investigation, they should know where they stand after four years," he said. "These three organizations have much power."

If evidence is not strong enough, investigators must say the public and their targets suspected that the probe has officially ended, he said.

"Perhaps they are not likely to cause or it turns out that this is just the circumstances of the bad markets, stupidity or perhaps there is no law covering" situation, said Fellmeth. "" "" And then, fine, they should stop wasting resources on investigation or at least tell people that it is more and there is no grand jury from. "We're just".

Sam Sorich, President of the California insurance companies, the insurance industry trade group said it is flabbergasted that nothing has happened publicly in the investigation.

"It seems a little odd that was there was no action on the case," said Sorich. "The allegations were very disturbing."

Marc.lifsher@LAtimes.com

EU leaders say goodbye to ugly year euro (The Salt Lake Tribune)

By RAF CASERTThe associated PressPublished 17 December 2010 11 H 12
Update there is 1 minute to update 17 December 2010 11 H 12 leaders of Brussels • EU capped year euro pain with renewed to protect their battered common currency determination. But, even after their seventh Summit in a chaotic year markets failed to take account, leaving stunned executives. Black Thursday Again.After, heads of Government has pledged to use their financial might to protect troubled States. Before dawn Friday, a major rating agency downgraded the solvency of a troubled European economy - Ireland - attention lean on their promises and promises.Thus was the year in Europe, the euro, which means for welding former enemies together forever, fell prey to a market which saw debt, deficit and outrageous spending where Governments have seen ideals policies. "I don't understand what they are doing," French President Nicolas Sarkozy said Moody rating of credit downgrades warning and the Ireland topping more. " "This decision - I simply call astounding."In 2010, markets are all too often seen as a step behind events - Government and was considered by managers respond beyond reason. "It is excessive, if I may say," Irish Prime Minister Brian Cowen said, pointing out its draconian control runaway deficits cuts deserved better.Yet, the Ireland damage was already done. " "" Professor Paul de Grauwe at the University of Leuven, is still too little, too late ", said EU year crisis response. "They have waited too long to give a message to the market."In the latest attempt to keep eurozone 16 Nations décousu, leaders of the EU decided last meeting of the year to change the Treaty that underlies the block to make way for a new system of rescue for the countries that debt trouble in the long term.And Sarkozy and German Chancellor Angela Merkel joined forces by announcing plans to reduce the enormous differences between the economies of the euro market players operate every year long.That will probably mean attachment like strict EU standards in economic policy, social policy and taxation - areas that Member States have long tried to keep national capitals and extraordinary Kingdom EU eventually. "" This year has finally drawn closer us together as we would have waited two or three years, "Merkel said Friday.But certainly not how everything would expected.Greece began the crisis, with the end of the year last revelation that he had been falsified its statistics to hide huge deficits and debt. "And after giving to the German mark, the French franc and read a dozen years ago, many European taxpayers were furious that they had allowed the Greek drachma to poison the common currency.Markets is on perceived the euro weakness, a currency which has become a flagship with the dollar and the Japanese yen on market.Some international load that the Greek Government and the EU correspond to market reaction speed and Governments are still trying to catch page up.Next".

College tuition: Judge throws the prosecution of illegal (http://rss.csmonitor)

OMAHA, Nebraska

A judge in Nebraska on a lawsuit Friday challenge a law that allows some to pay State of college tuition illegal immigrants.

Jefferson County District Judge Paul Korslund held six Nebraskans who claimed that their tax dollars have been spent in violation of federal law should first went to the Federal Government and may renew the challenge before the courts of the State if the Federal Government refuses to act.

Lawyer plaintiffs, Kris Kobach called dismissal "a bump on the road" and said he wasn't sure if he appeal dismissal of judge or to request Department of Homeland Security to respond.

"The case is far from finished," said Kobach, recently elected Kansas Secretary of State led to disputes in other States targeting illegal immigration.

The lawsuit filed in January said taxes by Fairbury residents served in support of right to the immigration-tuition fees for the State in violation of federal law. Trial appointed Council of the University of Nebraska Regents and other advice as the defendants State college and asked the judge to prevent school officials on the Act.

Attorney Joel Pedersen University agreed that dismissal left open over potential disputes but refused to speculate how applicants will proceed.

Act is adopted in 2005, says students whose parents brought the United States illegally can pay lower fees in State as they graduate schools in Nebraska, experienced in the State for at least three years and are continuing or promise of legal status. Rules for residency requirements and nonresident tuition fees are governed by the law of the State.

Opponents of the Bill say that it is unfair legal residents and conflicts with the Constitution of United States and a federal law of 1996 which prohibit benefits for illegal immigrants without giving Americans the break even higher education institutions.

In state tuition can be significantly cheaper than the costs for residents outside. For example, the cost of tuition undergraduate at the University of Nebraska-Lincoln is about $6,000 per year for students in the States and $17,650 to those of the State.

Kobach has brought a similar action in California, where the State Supreme Court held last month that illegal immigrants are entitled to tuition breaks even offered in state high school students attending public colleges and universities. Kobach, which represented a group of U.S. students seeking to invalidate the California law, said that it would appeal the decision of the Supreme Court.

The California legislature has adopted the measure in 2001 that allowed any student regardless of the status of immigration, who attended high school in California at least three years and graduated to qualify for tuition fees in the States in colleges and universities in the State. In state tuition saves each State student about $11,000 per year and each student at the University of California on $23,000 per annum.

Several other States, including New York and Texas, have similar laws.

Follow bloggers and economic coverage on Twitter @ CSMecon or Facebook.

To dismay investors Fed shows no sign of interest rate moves in the short term (latimes)

When the Federal Reserve has pushed its interest rate short-term key to close to zero two years earlier this week, he has done to combat a tightening of monumental credit that threatens the entire US financial system.

But this rate was supposed to be temporary - economic stimulus emergency for a real emergency and a way to keep afloat banks by sabré in their cost money, especially for the deposits of savers.

Two years later, the emergency of the financial system has elapsed. Bank failures continue to increase, but the survivors make lots of money. Banking net income totaled $ 53.6 billion in the first nine months of this year, up sharply from $ 3.2 billion during the same period in 2009, according to the Federal Deposit Insurance Corporation.


Even the emergency Federal Reserve interest rates remains in force, a painful ongoing cost of these millions of savers who cannot take the risk to spend their money in shares, bonds or other investments that may lose value.

Banks have clearly that many people try to do the right thing for their financial health by registering the most. National filings increased record 7.74 trillions of dollars at the end of the third quarter, 7% higher than the level two years earlier.

In contrast, the interest that banks paid on these deposits amounted to only $ 14.5 billion last quarter, 57 per cent less than what they put into the pockets of savers during the same period in 2008, as the credit crunch was deepening.

Last year, banks have continued to reduce the rate of overall deposit. The average annualized return on a six-month filing certificate was a mere 0.45% this week at the bottom of 0.82% last year, according to research Calabasas information services.

Even if you agree that the low interest rates were necessary to avoid economic collapse, the question now is how long this extreme sleep - or, more broadly, Eve economy grant - get banks grant.

It ends only when the Fed accepts, because Central Bank directly controls the short-term rate. When it votes to raise awareness, deposit rates will follow.

It is, of course, much more at stake here than interest income just savers. When the Federal Reserve decided finally to raise rates, it will be endorsing the idea that the economy is on a path to a semblance of normality.

But officially Fed makers showing no sign of moves their policy rates near zero, despite rising signs indicating that the economic recovery is picking up speed.

To the instruction following their last meeting 2010 Tuesday, they reiterated that they expected to keep rates at "exceptionally low levels... over an extended period."

How long "extended" is? Now, many economists believe the Fed boost rates in the short term before 2012. Some see no movement before 2013.

Ethan Harris, who leads developed markets economic research at the Bank of America Merrill Lynch in New York, expected first Fed rate hike in the fourth quarter of 2012 - complete two years later.

He noted that the Chairman of the Fed s. Ben Bernanke made clear that the Central Bank now wishes 9.8% unemployment rate, a significant decline. Before the start of the US Federal Reserve note is ready to raise rates, "They vas need to see the rate fall below 9% or maybe 8.5%," Harris said. This, he said, won't happen any time soon.

For Bernanke, then holding short-term almost from zero rates is no longer a Bank emergency, but emergency employment.

But also raises the question: is low rate really necessary for employment growth happen at this stage of recovery?

John Silvia, Wells Fargo securities of Charlotte, N.C., Chief Economist makes the case that credit costs are generally not a problem for many companies trying to decide whether to rent.

"It is more a question of companies are more confident about the final demand" for their products or services, he said.

USA: Company recalls beef products ground sent to businesses NM (Star Tribune)

ALBUQUERQUE, N.M. - Department of agriculture United States, says that a company is recalling thousands of pounds of meat sent New Mexico companies.

Food security and service inspection agency said Friday that Winn Dallas-based meat co. was recalling books 25,600 beef products that have been mislabeled and potentially contaminated ground.

The Agency said in a press release that meat that pose a risk to the weak, and it has received no reports of illness linked to it.

But he said that recall was necessary because meat was sent to non-Federal inspected establishments where it cannot be checked enough more treatment has occurred to remove pathogens is possible.

A release of the Agency explains each box of 60 pounds is the issue ".". "2338" code case "506093."

He says that the ground beef products were distributed to restaurants, central kitchens and catering to the State.

Winn and affiliated Ben e. Keith Foods is a not return immediately phone message left for comment Friday night.

Obama joined the agreement of tax-Cut (portfolio)

President Barack Obama signed afternoon in right invoice tax 858 billion that it has negotiated with the Republicans this month.

In comparison with previous signing ceremonies Obama important legislation, it is a subdued affair. Chamber President Nancy Pelosi was not standing by side of the President with a big smile on his face - in fact, the San Francisco Democrat is same during the signing, which was held at the Eisenhower Executive Office building at the White House. Leader of the majority of the Senate Harry Reid did there either.

Senate minority leader Mitch McConnell was however. Kentucky Republican has played a role in the negotiation of the agreement with the Obama and convince most of his Republican colleagues to go with it.

In his brief remarks, Obama gave a nod to bipartisanship. He noted that he loved not parts of the agreement extends to all Bush-era two years including breaks for the wealthy American tax cuts. But he said that the transaction is a victory for the American middle class, who would otherwise face more taxes on January 1 – an increase of $3,000 for an average family.

"Which would not only have dealt a blow their - there was a blow to our economy as we are going to climb a devastating recession,"Obama said.""

In addition, 155 million workers will more money in their paychecks month next thanks to a reduction in rate of two of their contributions. This will be an additional amount of $1,000 in the pocket of the average worker next year, said Obama.

"This is real money that will make a real difference in people's lives," said the President.

Tax breaks for companies, such as expenditure capacity 100% of the capital investments next year, to "take the reins of the recovery and propel the economy," encourage the President said.

In addition, 2 million Americans lose their unemployment at the end of this month, thanks to 13 months of Bill of emergency unemployment benefits extension controls.

Giving consumers more money to spend and companies providing incentives to grow are "stimulate demand, stimulate employment and strengthen our economy," said Obama.

The bipartisan talks that led to this compromise tax package can serve as a model for the future, the President said, although he acknowledged it will be time "is not the spirit of Christmas as abundant as it is today."

Tough choices ahead to address federal budget deficits, he noted. But put aside partisanship and "political games" allow "revive the economy," also "would refresh the American people faith in the ability of their leaders to govern in difficult moments," said Obama.

Today, in the spirit of the season, the President is no longer in hostage takers Republicans. He even shook hands McConnell. This civility was a gift to the Christmas United States nice - perhaps even better than tax cuts.

Bank community Crisis:Hundreds of community banks always injured by the recession may be closed for the next two years. Among the victims: the small business financing.Vs yellow pages of iron man:All these ads for Yellow Page you see going digital. And Jim Piccolo, a.k.a. "iron man", believe that he made with the franchise system to capture the deer.App-opportunities to discover:Developers who want to create the next pen angry Web application will get some additional possibilities with Apple's new app for computers.Kent store implementation that Hoover is Washington bizjournals head office.

Retailers focus on convenience, Christmas approach (Reuters)

Holiday shoppers browse Macy's department store in New York City, December 6, 2010. REUTERS/Mike Segar

Holiday shoppers navigate Macy store in New York, December 6, 2010.

Credit: Reuters/Mike SegarBy Brad Dorfman

CHICAGO | Saturday, December 18, 2010 3: 40 am EST

CHICAGO (Reuters) - retailers are focusing on the convenience in segment of home for the holidays.

Some stores offer 24-hour shops or help you make sure the item you want is in the store before you even in the car. Others seek to correct errors early.

Best Buy Co. Inc. is a good bet bad sales and monitored viewed as shoppers fall expensive 3D and Internet TV technology this year.

But the e string can be a flap in best season shopping with the National Federation of retail sales increase sales vacation planned this week.

Reuters monitor strategies vacation chain stores J.C. Penney co. Inc., discounter target Corp., Kmart parent Sears Holdings Corp., Best Buy and Toys R Us.

A sixth company which had followed Reuters chain clothing Atlantic Inc. teens had a heart of different change based on a report from the media it is developing a defence against a potential takeover bid.

Courier has not commented on the report and has not responded to repeated requests for an update on its strategy of holiday this week.

BEST BUY:

Best lost purchase tech shoppers as mass merchants target and the retailer online Amazon.com less up-to-date and promoted dear 3D TVs this season.

The retailer acknowledged his mistake Tuesday, when it reported a decline in quarterly sales of existing stores and lower than expected earnings.

After noting that "the consumer is definitely showing propensity at the lower end", the retailer said it will now encourage low-cost 32-inch televisions and price adjustments made in its section of the computer."

"The U.S. consumer carefully considering its portfolio and what they will buy their holiday gift" Dunn told Reuters in an interview, adding that it expects that sales volumes be "big" in the 10 days before and after Christmas.

To boost client traffic, Best Buy offering free smartphones everyday for the rest of the holiday season. Will nevertheless require customers to sign 2-year service agreement for the phone.

TARGET:

Troy Risch, Vice-President Executive stores, said that brought more than society televisions in stores at the shore of the decrease in stocks which have been a popular element this season. But it is not overstocked with other goods.

7.2 Billion settlement raises hopes for the victims of Madoff (latimes)

Statement from New York and Los Angeles - the estate of a man who pocketed 7.2 billion funding Bernard l. Madoff Ponzi scheme has agreed to reimburse this amount, which raises the surprising ability who could be victims of massive fraud reimburses most of what they invested in it.

The colony, confiscation civil made Beaver ever being returned by Jeffry Picower, widow of Florida investor and philanthropist seems to be the largest single recipient of Madoff Ponzi scheme.

The agreement most quadruple the amount available to reimburse victims of Madoff to about 10 billion - approximately half of the estimated amount lost by involuntary investors.


The trustee appointed to the Court, overseeing the succession of the Madoff recently filed several lawsuits that could recover substantial additional funds for the victims.

"Regulation unprecedented... makes important financial restitution to the victims of Madoff hope a reality," said Janice k. Fedarcyk, head of the FBI New York Office. "People who faced a devastating prospect of losing two years ago but now stand to retrieve about half of their investment - and the concerted effort continues to retrieve every available penny."

The amount recovered in favour of the victims of Madoff remains far from 65 billion that investors believed that they have in their accounts of the Madoff Office in New York, just before his regime was discovered in December 2008. But the researchers estimate that true losses – the amount given to Madoff less any withdrawal - only $ 20 billion. Whatever it is, moreover, they said, represented gains shadow created by Madoff of thin air.

Fred Silton, 87, a real estate in Los Angeles that fraud has been exposed to start after waiting investor who had entrusted money with Madoff, said return with little or nothing. But he said work from that the trustee had given hope.

"To achieve that much of a return to this point is incredible", he said.

Recently, professional speculators Silton said, had offered to pay him as much as 34 cents for every dollar, he claimed right to any refund obtained exchange losses. These offers are now low, he said.

"I think that the best move is just wait and see, especially with all the new activity that takes place," he said.

Trustee, Irving Picard, said during a Friday press conference that he hoped to begin to distribute the money at the beginning of next year. It is also possible that recoveries exceed 20 billion dollars in losses estimated actual.

Picard filed lawsuits to 55 billion banks and investors who said benefited or assisted by regime of Madoff and many of these cases are is just beginning to work through the system.

Appearing at the press conference of Picard, Manhattan u.s. Atty. Preet Bharara referred "effort will continue to be victims of Madoff together."

Huge regime of the Madoff has attracted thousands of investors after that he started in the 1980s. When it was exposed it appeared for the life of many economies.

Since more than 16,000 people filed claims indicating they lose money. Picard said that he could return money only to persons who invested with Madoff, creating confusion for thousands of people who had tied up with Madoff feeder so-called money funds.

Picard said team it is almost finished processing victims and approved 5.9 billion in payments to investors 2.363.

In a gesture controversial, Picard tried to "claw back" Madoff clients more accounts that they withdraw money initially in - even if they sincerely believed they had earned it and in some cases removed money had already spent.

A recent example, the Jewish charity Hadassah decided to repay the $ 45 million was taken out of its accounts Madoff.

Picower and his charities and companies had invested with Madoff $ 619 million and taken to $ 7.8 billion.

Carpentry among industries which are not bounce after the recession (Washington Post)

To LAS VEGAS - every day in this city in the desert, the rise of carpenters in their pickup trucks and vans, resume stacked on the passenger seats, driving at Union Hall, and then circles construction one bound to the string to another, seeking work.

For one year or more, it was the same.

Nothing.

If they keep continuing work as carpenters, in fact, many of them can never find a job.

Beyond the recession, there has been an article of faith, as the economy revives, will return to work. But after the deep recession that began in December 2007, jobs in some industries are not returned.

This creates what economists call "structural unemployment," the result of a mismatch between the skills of the workforce and those required by employers. There is a concern because it causes longer periods of unemployment as workers are trying to transition from one business to another.

In some occupations is lighter than among the carpenters brand. In May 2006, approximately one million people have been used as carpenters, according to the Bureau of Labor Statistics. In the last year, this number decreased to less than 750 000. Predict economists, it is unlikely to climb these 1990s levels.

To obtain narrower on the phenomena, The insight Washington Post hunted 31 carpenters who had worked on one of the largest projects in Las Vegas, a city which has swept in the frenzy of speculative construction and now has one of the rates of unemployment highest in the country.

Today, at least 22 of 31 are unemployed, many of them for a year.

Five have lost their homes due to foreclosure or because they were unable to pay the rent. Three other live with their parents or their in-laws. Many people the rest still slipping financially, fear that they have their head in the same direction.

Workers keep seeking woodworking jobs because it's what they know. They have been learning, training and experience in the field. They were built with skyscrapers, bridges and power plants. And the Union wage is $ 37 now, so when additional flows, they can make good income.

Construction workers are used to ups and downs, but this time is different, and carpenters, often bluff and secular, speak in flagging voices were asked about their prospects.

Friday, December 17, 2010

New initiative in collaboration with Intuit (INC.com)

Intuit launched today, the collective Intuit, a website that gives businesses, individuals and academics the opportunity to collaborate with the company and financial on the ideas software products.

Partnerships can take several forms. Participants could develop a product that may be bundled with Intuit products, for example, or their ideas could be integrated into an offering of Intuit. Some partners may even be required to be part of Intuit.

Participants can make their own suggestions or respond to specific "challenges" published by Intuit a chance to win up to $10,000. A current challenge is to develop a most effective way to collect and organize accounting professional documents and other data of their clients. After you have created an account, participants can submit ideas to help Brainstorm tool the site.

For more information, visit http://www.intuitcollaboratory.com/.

How iPhone, gadgets "Deformation" of trade data (Wall Street Journal)

BEIJING – a popular solution for current economic woes of the U.S. is America's most successful high-tech gadgets sucks the rest of the world.

CPHONEAssociated press researchers estimated that iPhone added 1.9 billion for the trade deficit with China last year. Above, an Apple store in Palo Alto, California.

However, two scholars believe iPhone as Inc. Apple - a commodity technology U.S. bestseller - added really 1.9 billion for the trade deficit with China last year.

How is this possible? Researchers say traditional ways to measure global trade produced the number but fail to take account of the complexity of global trade where the design, manufacture and Assembly of products often involve many countries.

"A distorted image" is the result, they say, that exaggerates the trade imbalances between nations.

Statistics on trade in both countries consider the iPhone, a Chinese export United States, although it is entirely designed and owned by an American company and consists largely of exhibits in the country several European and Asian. China's contribution is the last step - mounting and telephone shipping.

All $178.96 approximately the amount will be credited with big costs phone shipped to China, even if the value of the work done by the Chinese to Hon Hai Precision Industry Co. workers represents only 3.6%, or $6.50, of the total, researchers calculated in a report published this month.

An Apple spokesman said that the company refused to comment on the research.

[1215iphone]European Agency for the two University researchers have found that the Apple iPhone actually added 1.9 billion for the trade deficit with China last year.

The result is that, according to official statistics, "same hi-tech products invented by us firms will not increase u.s. exports," write Yuqing Xing and Neal Detert, two researchers at a think tank in Tokyo, Asian Development Bank Institute in their report.

This is not a problem with high-tech products, but with the way in which the exports and imports are measured, they say.

Access thousands of non-available free web-based commercial sources. To learn more

Research adds to debate on traditional trade statistics which could have consequences for the real world. Conventional trade figures are the basis of political struggles leads to Washington and Brussels what China's currency policy and its business practices would have been unfair.

"What we call"Made in China"is indeed assembled in China, but what makes the commercial value of the product comes from many countries," Pascal Lamy, Director General of the World Trade Organization said in a speech in October. "The concept of country of origin of the manufactured products gradually became obsolete.

Mr Lamy said if trade statistics have been adjusted to take account of the actual value contributed to a product by the different countries, the size of the u.s. trade deficit with China - 226.88 billion, according to the figures in the United States – would be reduced by half.

To correct this bias is difficult because it requires a detailed how products are put together knowledge.

[CHIPHONE]

Unseat imports and exports of value added in different countries can lead to some controversial conclusions. For example, some U.S. lawmakers argue that China needs to let its currency increase significantly against the US dollar to reduce the trade deficit between the two countries.

The value-added approach shows, iPhone sales are added to the US - economy rather than the subtraction, the traditional approach would entail.

Based on the sales of U.S. iPhone 11.3 million in 2009, researchers believe iPhone Chinese exports to 2.02 billion. After deducting 121.5 million in Chinese imports parts produced by American firms such as chip maker Broadcom Corp., they arrive at the figure of Chinese trade surplus of $ 1.9 billion and the trade deficit - in iPhone.

[CHIPHONE]

If China was credited only its share of the value of an iPhone production, exports to the United States for the same amount of iPhone would be a trade surplus of U.S. 48.1 million, after U.S. parties business accounting help.

Other economists say that certain aspects of the methodology of researchers may have led to exaggerate their case. The study, for example, implies that companies like Toshiba Corporation and Samsung Electronics Co. are components for iPhone fully assemblies in their country of origin.

But many vendors Apple have facilities for manufacturing in China, it is likely only a portion of the components that they build for iPhone are manufactured in China as well.

The last results are generally similar analyses made by the Center for it staff at the University of California, Irvine, trade and the manufacture of another product Apple iPod. This research has also found that Chinese labour represented only a few dollars value of iPod, even if the statistics credited trade China to produce its full value.

In a speech delivered in September in New York, Chinese Prime Minister Wen Jiabao cited research to say that trade tensions between the United States and China are exaggerated. Many of China's exports are products which are manufactured in China on the contract for foreign companies, he said, they should not criticize China for execution of a large trade surplus.

"Companies foreign-funded, including United States, are the main beneficiaries" of this system, said Mr. Wen.

-Loretta Chao has contributed to this article.

Write toAndrew Batson at andrew.batson@wsj.com

McDonald's hit with the action class on toys (CNN)

By Ben Rooney, staff reporterDecember 15, 2010: 5: 57 PM ET

NEW YORK (echoes) - McDonald is pursued by a group of consumers and nutrition advocates who want to force fast food chain to stop using the toys encourage children to buy meals, they say are unhealthy.

The Center for science in the public interest, which filed the combination of the class action Court California Wednesday, claims that McDonalds violates state consumer protection laws to toy market Happy meal for young children.

The combination was brought to Monet Parham, mother of two in Sacramento and other applicants, said the CSPI. "I am opposed to the fact that McDonald is getting into my children without my permission heads, and actually change what my children want to eat", Parham said in a release.

CSPI threatened to sue McDonald in June, but the company refused to consider ways to avoid a suit of law, said group.

McDonald (MCD, Fortune 500) is committed to the fight against the combination in a statement.

"We are proud of our happy meals and intend to defend vigorously our brand, our reputation and our food," says Bridget Coffing company spokesperson. "We believe that parents understand and appreciate that Happy meals are a fun process, quality and food right size choices for their children that can fit into a balanced diet."

The fresh trial only using toys market Happy meal for young children is illegal because it "is fundamentally deceptive and unfair. Advertising McDonalds is also unfair competitors who choose not to attract very young children with the allure of a toy, according to the complaint.

"When McDonald's sells a Happy meal directly to a young child, he exploits the vulnerability of child development and violating consumer protection laws several States, including the Act of unfair competition from California," Steve Gardner, Director of litigation CSPI, said in a statement.

CSPI and other critics argue that McDonalds promotes unhealthy eating patterns in children deliberately targeting the part of a strategy aimed at maximizing profits.

The Group also blown touting publicly McDonalds more options in good health, such as skim milk, and Apple dippers while regularly putting chips in the majority of the Happy meal.

"Congratulated McDonalds meals that are theoretically possible, even though she knows very well that it is mainly selling hamburgers or the chicken nuggets, French fries and sodas for very young children", said Executive Director Michael Jacobson CSPI.

"In other words, McDonald offers consist mainly of fat meat, fatty, fried cheese, white flour and sugar – a close combination of foods that promotes weight gain, obesity, diabetes and heart disease - and can lead to a lifetime of poor diets," he said.To top of page

First published: December 15, 2010: 4: 57 PM ET

The problem of Citigroup Orszag (Atlantic)

Daniel IndiviglioDaniel Indiviglio - Daniel Indiviglio is an editor at the Atlantic, where he wrote on the credit markets regulation, policy monetary & tax, taxes, banking, trade, markets and technology. Before joining the Atlantic, he wrote to Forbes. He has also worked as an investment banker and a consultant. Daniel Indiviglio is a publisher of blogger and partner for the Atlantic Business Channel, where he provides insight, analysis and advice on the intersection of business, finance, economy and politics. Among its specific interests of writing: markets, regulators, policy monetary & tax, tax, banks, markets and credit technology. Before joining the Atlantic, he wrote to Forbes. Front of journalism, Daniel has spent several years as an investment banker and consultant for financial services companies. Prior to this, he gets graduated from Cornell where he triple lags in economics, philosophy and physics. He resides in Washington, D.C. metro area. December 2010 15, 4: 48 PM ET

In case you missed the news last week, former Office of management and Director Peter Orszag budget took a gig of millions of dollars in Citigroup. Some critics of the trajectory of the European Union between Washington and Wall Street, including James Fallows the Atlantic own condemned the move. Of course, the decision of the Orszag is regrettable public policy perspective: Citi was one of the largest bailout recipients and Orszag can have input on the aspects of his rescue during his tenure in the White House. But how to avoid this problem?

On one level, it is hard Orszag to blame. After all, he was peanuts OMB head with his big salary of Citi, and now he can buy this brilliant car sport, it is always sought and a picturesque apartment in Manhattan. Of course, it would have been nice to take a job in a company which was not a recipient laid siege to the rescue of Government during his time working for the President. And since the revolving door remains active, conviction public only obviously isn't slow it much.

Modelling behavioural Economist Karl Smith has a suggestion. He says that we must pay more competitive officials:

I hope that economically oriented folks are not suggesting that we use the moral suasion to bribery of Government control. People respond to incentives. If you do not want to sell you you have to pay more.

Indeed, if Orszag had a 7 million per year at the head of the OMB salary, it can still be used. Or it may still have left. It is possible that the money was not much to do with it. He may have found too stressful job and monotonous work. Or perhaps that he could not hold his boss. For these or other reasons, a salary of multimillion-dollar Government may not have kept him around.

The big move of the Orszag complaint isn't that seek greener pastures, but that particular grazing where he eventually stunk of conflict of interest. Better compensation not is not the clearest solution to this problem - a better would simply limit the employees of the Government to walk this path.

These prohibitions may be written into contracts of employment of these workers. This would be similar to how some companies prohibit their employees to take jobs with their customers for a certain period of time after their departure from the company. If Orszag had such deduction, was may not work at Citi, but instead of it might have settled for a job at a fund coverage or firm. Still, he could make more money, but avoids the unfortunate conflict.

The other problem with pay more competitive Government employees is simply the multi-million dollar concept of dozens of officials from high wage level. This would certainly help our misadventures of tax expenditures. And do we really want to attract money hungry people who may not care about public service away from the private sector to work for the Government?

We have sort of those in the field of public service to be the type of persons of concern than their wages. Questions of encouragement, but he matches just money - it is based on a broader measure of utility. It's a complex equation that should take a number of variables into account, and usefulness of each individual is different. In particular, the utility a job allows a person better cutting for the public service should depends on step entirely on how much money it offers: the impact in the world, they feel that they are of should also their importance. If Orszag was only out of money, while he was in the area of bad to begin with, and we should be grateful that he has left.

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Southwest will switch to buy larger aircraft able to fly Boeing jet international (Star Tribune)

Southwest Airlines Co. is getting new, most large aircraft which could pave the way for the carrier of all interior to offer international flights.

CEO Gary Kelly said Wednesday that Southwest is going to change an order with Boeing Co. and 20 new aircraft 737-800 in March 2012.

These aircraft have 175 seats, 38 more than the largest aircraft in the current fleet of the Southwest, which means potentially more income per flight.

The company plans to add the international service when it completes the purchase of AirTran Airways, flies in the Mexico and the Caribbean. It could always use the AirTran for these flights aircraft.

Kelly said during a speech in New York that Southwest could use 737-800 in airports in the Northeast. But he said that it could also be used to fly to Hawaii, Alaska, Canada, Mexico Caribbean - destinations which-South-West reservation now.

Southwest notified replace orders 737 - Boeing were sufficient to those he had put him to the 737-700. Kelly said that Southwest would retire older that she gets new aircraft and do plan to expand its fleet.

The airline did not disclose the financial terms of the switch, but the biggest aircraft is more expensive. Lists the average price of a Boeing 737-800 80.8 million, compared to the 737-700 $ 67.9 million. However, manufacturers regularly give discounts to good customers.

Southwest operates a fleet of more than 400 different models the 737 one aisle. It is a stream of short to medium-range Boeing has started to produce the end of the 1960s and has been updated several times since.

Since the dependence on aircraft type has been regarded as resistance to the Southwest because they keep simple things. It is less expensive form pilots and mechanics to work on a single aircraft type.

Southwest pilots and flight attendants unions approved the largest purchase plan. This may mean more jobs because an additional flight attendant is required on the flights of the 737-800.

Based in Dallas, Southwest carries u.s. passengers than any other airline, although it ranked behind the handset United States continental, as well as Delta and American in traffic. Other carriers all operating international flights.

Southwest shares fell 28 cents, or 2.2 percent, to close at $12.60

Fears veteran Union for the middle class (Reuters)

December 15 - Olen Ham, 93-year-old retired GM worker, considers the United Auto Workers Union has helped shape the middle class. He now fears that the American middle class lifestyle is under threat as union decreased power.

Thursday, December 16, 2010

Status: an Android phone which declares that "Google" (New York Times)

But look at the bright side: it has never been a better selection of cell phones really great. In fact, worldwide operating system Google Android phone, new phones seem to fall stack once a week, each hop the last opportunity.

Who put this week is particularly surprising, because Google designed. Not only the software again - the phone itself. Yes, "Google" is painted right on the back with "Samsung" which has been manufacturing. This phone, Nexus S bears little resemblance with for Google's first effort to a phone, a year earlier, the relationship between had failed them. (S. has more in common with Galaxy S of Samsung models).

It is important for a lot of reasons that Google is once again. First of all, it represents the towel on the radical model of selling Google official throwing. He intended to create an online store where you purchased the phone and service, independently. No more "you want an iPhone?" "Then you get AT & T."

Who has never taken. This time, you'll buy S Nexus of Best Buy ($530 no contract, or $200 with a T-Mobile two-year contract).

In General, the new link is essentially the same as his rivals: is a (bigger than the iPhone in each dimension) black rectangle with a multitouch screen, a screen keyboard and a superfast chip makes sense sensitive.

Camera rear panel has a flash LED, but the quality is the only way and can't make hi-def videos. The front facing low resolution camera is intended for video calls or checks for spinach in your teeth. (Video call software comes with the phone, although you can download a couple of little quiches apps at this end of Android app. online store)

4-Inch screen is bright, strong and vibrant. The case is all the plastic, which makes it a magnet for zero and fingerprints as iPhone glass and metal. It is elegant but fairly generic - looking; eccentricity of unique design is a bulge on the bottom of the back, you could argue, will help you to orient the phone when retrieving your pocket.

Samsung also claims that the screen is slightly inclined inwards - curved - to fit your face better. Really? You need a microscope to measure. the curve is almost undetectable. If this minute degree of curvature fits your head, well, you have a skull size of a hot air balloon.

S misses some features the original link, as the dual microphones cancellation (regardless - S great sounds), the trackball has doubled in a light message and the memory card slot. This time, your storage is capped at 16 gigabytes - only 1 gig which is available for storing standard apps downloaded.

Technically, the phone is sold "unlocked", which means that you do not have to use T-Mobile; If you want, you can insert the card account AT & T phone or, when you travel overseas cell carrier. Even then, however, technical limitations prevent you from obtaining on 3 G Internet network AT & T, or T-Mobile 4 G (faster) Internet network.

The most exciting new hardware is S Nexus can read N.F.C. labels. In case you're not an engineer, who is an acronym for near field communication. Supposedly, a day earlier, you can switch your phone on a special tag to pay for something. You can on your phone waves to someone else to share maps of e-business. You can retrieve information, Web links or videos special stickers on billboards and bus shelters, just by scanning your phone.

Ensure. And then you can hop in your hovercraft and fly home.

Unfortunately, it does the tags N.F.C. in America (except in Portland, a test program run by Google), so for the moment, the feature is worthless. Of course, you could argue that if ever the N.F.C., S Nexus will be ready. Unfortunately, at this time, he will examine such as steam powered by kerosene pump.

The most attractive aspect of Nexus perhaps not all hardware - be it is software. Here is pure Android, Google intended way. No cell phone manufacturer has modified, diluted or complicated with its own editorial. It come with preinstalled applications Verizon junkware or what. And this is the first phone with Android 2.3.

This is a big deal. Google updates its software frequently. But if you buy your phone Android cell phone carrier, you will get not updated for months, if ever, because the carrier is the goalkeeper. 2.2 Android, for example, introduces the ability to watch videos Flash on the Web – but so far, many phones Android cannot exploit this functionality because their carriers were not offered the 2.2 update. You won't have this problem if you buy a phone from Google.

Twitter raises $ 200 million, adds 2 members of the Board of Directors (the Arizona Republic)

SAN FRANCISCO (AP)--Don't expect Twitter to be tweeting about a public offering soon. Popular online communications service has raised $ 200 million for its may maintain growth without Wall Street help.Kleiner Perkins Caufield & Byers, one of the most known Silicon Valley venture capital companies leading to investment, announced Wednesday. Twitter has also added two successful entrepreneurs, Mike McCue and David Rosenblatt, to its Board of Directors of directors.The funding was first reported by the technology blog, all objects association Digital.Twitter with Kleiner Perkins is likely to add to the plot on the design of a service potential which, every day, explosions in more than 65 million short messages or "tweets", limited to 140 characters.Kleiner Perkins Internet Paris last include investment in the search leader Google Inc. online, now worth approximately 190 billion and leading Web merchant Amazon.com Inc., now valued at approximately $80 billion.The venture capital company obviously think highly of Twitter, which began in 2007. 200 Million Twitter to 3.7 billion, $ 15 months ago 1 billion square equity values when raised society finally money capitalist corporations. Some Twitter increased previous donors their ante joined Kleiner Perkins in the last round.Twitter raised now about 360 million since its inception.With 2007 so cash provided by investors, Twitter management was able to concentrate on the hiring of workers and add more functionality instead of worrying about how to make money. Society, based in San Francisco, employs approximately 350 people more tripling its payroll since the beginning of year.Most revenues of Twitter until this has sunk the agreements gave Bing from Google, Microsoft Corp. and other Internet services improve access to its mail flow. For eight months, Twitter gradually led ads appear in the middle of his chatter.Twitter service not has not set a timetable to pursue an industrial property office which would allow current supporters cash investments and give others a chance to buy shares of the company. Its leaders, however, have repeatedly stated that they're not rushed to public.Selling society in a larger company remains a possibility, guiding new too.The nine members of the Council of Twitter, both have experience with the option.McCue of sale sale TellMe, a company specialized in voice recognition software to Microsoft for 800 million dollars in 2007. Another startup backed Kleiner Perkins, Flipboard, which transforms the links posted on Twitter and Facebook in a magazine for the iPad format now works. Apple Inc., the manufacturer of the tablet computer, recently oint Flipboard as its top app page the year.Rosenblatt iPad was CEO of service online ad DoubleClick Inc. when it was sold to Google for 3.2 billion in 2008. Current Twitter CEO Dick Costolo and previous Executive Director, co-founder Evan Williams, also already sold startups Google.In a tweet Wednesday, said Costolo new funding will allow "to grow to infinity and beyond Twitter."

Novartis assumes complete control of Alcon (NASDAQ)

Novartis (NVS) closed in a legal battle of 11 months, Wednesday, by paying $ 12.9 billion to shareholders of Alcon (ACL) such as the Basel Swiss company assumes control of almost three quarters of global market care vision, Forbes reports.

Novartis, whose specialty is technology for eye care, contact lenses already controlled 77 per cent of Alcon, whose objective is opthomology surgical products.

Novartis now assumed total control. Novartis initially acquired a quarter in Alcon Nestlé (NSRGY.PK) for $143 per share, which was an agreement of $ 11.4 billion. This game has more than doubled in January 2009 when farms Novartis stood at 52 per cent after paying $ 180 per share.

Novartis then paid $ 38.5 billion to control 77 per cent of the company but independent directors of the Alcon opted against paid less than $168 per share, which initiated the legal battle for which Alcon administrators created a special fund of $ 50 million to cover legal costs. Novartis decision ultimately, agreed to pay cash more minority shareholders and the total amount of money paid to assume control of Alcon reached 51.4 billion.

The merger should be completed in the first half of 2011.

The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc..

Iron Man 3 is get new Director (Hispanic Business)

Jon Favreu, Director of the first two episodes of iron man film series will not lead Iron Man 3. »

Mr. Favreu says he will lead rather ' Magic Kingdom, "a new production of Disney."

"I had a great race with Marvel (producers of the series), and wish them a better," he recently tweeted. ""

Favreu m. brand products include 'Elf' 'Zathura' and 'Cowboys & foreigners."

Invest British Columbia Colombia fraud leads to record 47 million fine (the globe and mail)

British Columbia Securities Commission - British Columbia Securities Commission | LAURA LEYSHON for the Globe and MailPublished on 15 December 2010 5 H 27 ESTLast updated 15 December 2010 5 H 39 EST6 comments

British Columbia Colombia investment dealer that target members of a Korean religious community in the province ordered to pay penalties for a total of $ 47 million after a British Columbia Securities Commission Panel ruled that it has committed fraud.

The Commission said Kim Sung Wan (Sean) raised $ 15.7 million 36 investors and has not invested their money in futures and options contracts as promised. Instead of this, most of the money went into his personal bank account, and none was recovered for investors.

CITI to open Asian-style "smart" branch in New York (Reuters)

NEW YORK | Wednesday, December 15, 2010 5: 17 pm EST

NEW YORK (Reuters) - Citigroup Inc. (C.N) officially inaugurate Thursday, an industry of new, high-tech in New York City customers rich, Urban Affairs for the purpose of wooing more.

The third American Bank has a branch network relatively small detail in this country, with approximately 1000 branches. Rival Bank of America Corp. (BAC.N), the largest bank of American consumption has U.S. branches almost six times more abundant.

Citigroup, which has a much stronger retail presence in Asia, strives to attract more consumers for the U.S. business by importing its style "Smart Bank" branch of the overseas.

The New York branch office offers free wireless and displays information about markets and the financial and General news streaming connections. Customers will be able to reach customer service 24 hours a day, by video chat representatives can browse information on products from Citigroup interactive video screens.

Manuel Medina-Mora, first leader of the consumer banking for the Americas, Citigroup said in a press release that the new branch "reflects our strategy to invest in the Bank of detail," especially in new technologies and urban markets "key".

New branch of Citigroup is located in Union Square New York City. The Bank said it plans to open similar "smart" branches in other American cities.

(Report by Maria Aspan)

Acts of Congress stop fake caller ID fraud (CBS News)

(AP)  Congress moved Wednesday stop scammers who use fake caller IDs to deceive people by revealing social security numbers of card credit and other essential information.

House lawmakers try to finish the work of the year has also adopted a second consumer protection law that would crack down on vendors of third parties attacking people during the online purchase transactions.

Previously, the Senate passed two bills and votes in the Assembly send them to Barack Obama President for his signature.

Invoice ID calling, sponsored by representatives Eliot Engel, D - N.y., and Joe Barton, R - Tex, the question of the ?spoofing addresses of ? where scammers use the ID of the caller, for example, a bank or a Government to deceive people by providing private information Office.

Engel cited a case where the New York City police discovered an identity theft ring that uses the ID caller spoofing steal $ 6,000 victims more than 15 million last year. In another case, a SWAT team has closed a neighbourhood of New Brunswick, New Jersey, after receiving a call with an ID of fake calling someone in distress.

Rep Tim Murphy, R-in Pennsylvania, said that he was a spy phone that constituents bombarded by calls that reveals his Office.

The draft law applies to persons who use IDs of the appellant, the number appearing on the phone of the person who receives the call, to defraud or harm unfairly obtain something of value.

Exceptions are made for the application of the law or who need to hide or change the IDs of the activities of intelligence or organizations such as the centres of violence home change numbers to protect the occupants of a shelter.

The Bill authorizes civil penalties of up to $10,000 for each offence, until a total of 1 million dollars for every single act.

Online purchasing protection Act deals with a practice where third-party vendors interrupt online transaction process and try to register consumers as clients or members of the club. Consumers may not realize that they are dealing with another company and they can register for membership for which they are then responsible for recurring monthly fees.

Senator John d. Rockefeller, Trade Committee President and promoter of the Bill, said well-known, trustworthy sites are hundreds of millions of dollars by passing on information of their customers, including credit and debit card numbers, billing to these third party vendors.

He said a one-year investigation by its Committee revealed that these costs unauthorized third-party vendors have already cost consumers more than 1 billion.

Bill would require the post-transaction advertisers disclose the terms of their offers and information billing directly to consumers. Prohibit Internet retailers to transfer information from billing to third-party vendors and cracking down on use of ?negative options? where consumers are charged monthly until they communicate with vendor third to cancel their membership fees.

? MMX, the Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


NBC Universal Syfy cable channel to enter the business of film with Universal Pictures (Star Tribune)

LOS ANGELES - Syfy, channel cable behind these series such as "Warehouse 13" and "Ghost Hunters" shows, reality is in the film trade.

The canal, part of NBC Universal, said Wednesday that it will join with sister company Universal Pictures to release one or two films per year with budgets between $ 5 million and 25 million by 2012. The joint venture will be called Syfy Films.

The company will make films in science fiction, fantasy, supernatural and horror genres that are supposed to be the new franchises outside of those who are already on the television.

This means that it will participate in the film "Battlestar Galactica", which corresponds to the universal development and that "X - men' Director Bryan Singer direct value. "Battlestar Galactica" was hugely popular on the 2004-2009 Syfy channel.

"First and foremost we are looking for new projects," said Syfy President Dave Howe. "" "" Bryan Singer blockbuster movie is not in this partnership. »

Howe said there are a lot of opportunity to make films of science fiction without resorting to huge budgets. He cited films such as "District 9", "Cloverfield", "Paranormaux Activity" and "Labyrinth of pan," as models. "This is a level and quality of production values which is very achievable with what we're working with," he said.

Syfy Films will get a push marketing with ads on the channel. Universal, who sold his horror rogue pictures label financing partner relativity Media LLC last year, will distribute the films.

Syfy is the second best channel among the stable NBC Universal, behind only USA Network and is distributed in 72 Territories around the world.

Television cable Comcast Corp. company is set to take control of 51% of NBC Universal in a merger agreement awaiting Government approval. The current owner General Electric Co. would own 49% of NBC Universal will be progressively unwound.

Bio Box: Time honour caps year for Zuckerberg (SignOnSanDiego.com)

By the Associated Press, no Wednesday, December 15, 2010 at 1: 57.

Name: Mark Zuckerberg

OCCUPATION: CEO of Facebook

AGE: 26 (born May 14, 1984)

RESIDENCE: Palo Alto, California Grew up in Dobbs Ferry, N.Y.

EDUCATION: Philips Exeter Academy, class of 2002. Studied computer science at Harvard University before dropping out.

Professional career: Facebook Co-founded in his Harvard dorm in 2004, room was Chief Executive Officer since then.

FAMILY: Mother, father Edward, Arielle, sisters Karen Donna and Randi Zuckerberg.

Tax Billboard law unanimously approved by the municipal Council to be included in the March 2011 West Hollywood referendum. (prnewswire.com)

WEST HOLLYWOOD, California, December 13, 2010/PRNewswire / - The Citizens of West Hollywood now have the right to vote Yes to tax panels in their city. More than 4 million dollars per year in new revenue for people and the city will be generated by approving the new ballot tax 7% billboards measuring revenues generated by Billboard, companies according to the massive Sunset Strip. The Council also approved the right business Billboard, their lobbyist and allies write an opposition to tax their billboards on the ballot. The People of West Hollywood will also have the right on the ballot paper to express the benefits and effects by voting yes on billboards tax.


(Photo: http://photos.prnewswire.com/prnh/20101213/LA16543)


Election is just over 80 days away, and Major Billboard companies are likely to be mounting a massive campaign to convince voters reject a tax on their boards. The Billboard and their lobbyist spend huge sums of money on marketing, propaganda and political contributions to motivate politicians to speak on their behalf.  The rhetoric that tax on the Billboard charts and lobbyist voice politicians will be clearly seen by voters as being the "dummy" for the Billboard "Puppeteers" & "Ventriloquist" (a person who handles their voice so that it appears that the voice is also).


The creative and honest hard working most voters in West Hollywood, pay their fair share of tax, voting yes to tax display panels and support politicians who take the interests of the People of West Hollywood. They will also be public by Billboard "Puppeteers" and their "Dummies" that will perform onstage in West Hollywood media before the elections of March 2011.


SOURCE Sunset Strip

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PR NewsWire name Chalmers Fitzpatrick Division Vice President of Development Affairs (prnewswire.com)

New York, December 13 /PRNewswire/ - PR Newswire, the leader in global innovative communications and marketing services today announced that Chalmers Fitzpatrick has been appointed Division Vice President of business development, reports Bob Seiler SVP, Global Sales & marketing.

In direction of PR Newswire team, Mrs. Fitzpatrick will devote its time and attention engaging to utilize the transactional and compliance services offered by the cost of vintage, including company customers: Initial Public Offerings, mergers & acquisitions, EDGAR, XBRL, composition, annual meeting materials and services VDR. Its main territory is the American Northwest market focusing on the Bay area and Silicon Valley.

"CHAL is a professional financial printing highly regarded and experienced has an impressive track record of market share growth and retention of customers, said Seiler." Chal solid relations with public undertakings and pre - IPO as well as his knowledge and his contacts in and around San Francisco Bay area will be an asset for the PR Newswire Pacific Coast operations. »

Prior to joining PR Newswire, Mrs. Fitzpatrick has held several positions RR Donnelley & sounds, Inc., serving most recently in the Global Capital Markets Group, where she was ranked in the top 15 percent of the global sales team and won the prize "RR Donnelley Traveling Team" to generate 3-5 million dollars in sales seven consecutive years.

"I look forward to my knowledge and experience in the industry to work for PR NewsWire and its division filing vintage, a highly sensitive, flexible and leader in the financial industry printing, client-centred" said Chal. "Services advanced reports and investor relations society are well established and offer companies a reliable and dynamic to communicate financial information travelling partner market to key stakeholders and the LP".

PR Newswire (www.prnewswire.com) is the leading global provider of multimedia platforms that allow marketers, corporate communicators, sustainability agents, public affairs and relations officers investors to exploit content to engage with their key audiences. After launching the commercial distribution of news 56 years industry PR NewsWire offers today produce, optimization and targeting - multimedia content to online multimedia - video butt solutions and then distribute the content and measure results in traditional, digital, mobile and social channels. Combining the largest multi-channel, multicultural content delivery and network optimization tools and comprehensive workflow platforms worldwide, PR NewsWire helps companies in the world to engage opportunity everywhere wherever it exists. PR NewsWire serves tens of thousands of customers from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region and is a United Business Media company.


Wednesday, December 15, 2010

Advertising: new year's Eve, Tie Ins popcorn (nytimes)

For the third consecutive year, Nivea is an official sponsor of the celebration of the eve of the day of the year at Times Square, and accompanied by sponsoring a stage called the Kiss Nivea platform, it will be hand about 30,000 samples balm for the revellers in the hours before the countdown.

"Mark is based on the idea that something wonderful occurs when the skin affects the skin and human beings humans connect and kiss of Réveillon new year sets the tone for the new year to come," says Magnus Jonsson, Vice President of marketing at Beiersdorf, parent company of Nivea.

This year, Nivea also organizes a contest on his page from Facebook, where couples in long-distance relationships compete for a chance to win a free trip to New York together in Times Square on new year's Eve, with two couples who collects the most votes on Facebook WINS.

Nivea is one of a multitude of sponsors for the celebration of this year, which is jointly produced by the Times Square Alliance and the countdown Entertainment. But the sponsorship is not open to any company willing to write a check.

"We are waiting for developers can be organically integrated into our event, and there are some authors say not to because it is not a natural fit, said Jeffrey Straus, President of countdown." It is a civic event for the city of New York and authors focus in this event without any commercial message.

The most obvious example is of course, that descends on Times Square, for the countdown, which is not a logo top scalloped, but is known by the same casual viewers to be provided by Waterford Crystal crystal ball.

On to mark the nascent year figures are almost as prominent as the ball and Duracell battery brand hopes to become synonymous with the same way. For the third consecutive November established brand in place what she calls to Times Square, Duracell power lab consists of four stationary bikes, when pedaled batteries charge which will be used subsequently in the light of the sign.

This year, the bikes are housed in a trailer for the rest of the year, is deployed in the disaster areas, where it will provide pricing for items, including cell phones, stations rechargeable batteries and portable computers.

When a camper who heard a rustling outside of the tent reaches for a flashlight, batteries had better work, and Bob Jacobs, Versace, Procter & Gamble brand marketing manager, said the time when digits are switched on in Times Square as "an analogy to large-scale" functions for consumers.

"We speak much trust Duracell when she was just at work, persons", said Mr. Jacobs. When figures come on, "it is as emblematic of the holiday season when moment millions of people watch and it is a great association for batteries Duracell is approved in an important moment", said Mr. Jacobs.

The Times Square Alliance estimates that 1 million people attend the feast of the eve of the day of the year. A strategic relationships with media Trylon study commissioned by arrimée group international audience in more than one billion.

This is the first year for many authors, including Get married Media, which publishes the magazine Get married and hosts a website, GetMarried.com. The company held a competition for a wedding on the eve of the day of the year at Times Square, the winning couple receives not only a trip to New York, but also a wedding dress, wedding bands and a honeymoon in Dominican Republic.

Bethany Phillips and Geoffrey Dubie, a couple of Jacksonville, Florida, who met while serving as a marine in Iraq, won the competition and their marriage will appear directly on Times Square LED screens they take their wishes it.

"The time of holidays is among the greatest moments of the year for people to get engaged and approximately 70% of the eve of new year's Eve viewers are 19-35, and it is the kind of wedding gowns target, said Anita Brady, President of Get married Media, which is based in Atlanta."

Another new sponsor, MasterCard, will donate $1 for every transaction with credit cards in Times Square to Stand Up To Cancer, who pays for cancer research. About 90 companies, American Eagle Outfitters in the hotel The Westin, participate and MasterCard will donate up to 1.5 million to the promotion, which began on 26 November and ends January 1, 2011.

A campaign to promote the campaign by the Agency of Schwartz Robertson, marketing reach incoming on Virgin America flights in airports in New York, in the Port Authority Bus Terminal on videos in cabins and, naturally, public service announcements with tourists on two large screens Toshiba Times Square, itself.

Preceding the new year, another promoter, Cintas document management company will host Good Riddance day December 28 in Times Square.

Participants are encouraged to bring items such as images of old flames or patterns, statements of credit card and reporting - cards and feed paper shredders provided by Cintas.

The first line will be Tiffany Bradley, Knoxville, Tennessee, who won a contest online for a free trip in New York City based on the documents it holds shred: deadly surgery that she had in 2009 and reimbursed medical expenses in 2010.

«Shredding of these bills would finally have repaid and would be a great way to celebrate my recovery, "Ms. Bradley wrote in his winning entry. "That it took forever, but I feel really like myself once more."

Media decoder: the United States heads: the voice of the Netherlands (nytimes)

After "American Idol," "The Sing-off," "The America Got Talent" and "X-Factor," entry can anyone lead to yet another way to singers compete on TV?

NBC and one of the producers of reality more success in the enterprise, Mark Burnett ("survivor," "Apprentice"), apparently not think. They are team on a format called "Voice of America", a variation on a hit in the Netherlands, as Mr. Burnett said show would air coming in the spring.

The different aspects of this show both relate how hearings will be held and that will most of the Elimination of the singers. Paul Telegdy, who heads the Department of NBC, reality program said the network has a "Eureka moment" when she saw in the "Voice of Holland" version "a point so simple format, we simply do".

This point: the hearings are blind.

A group of four coaches, including Mr. Burnett said would be artists well known music, listening to singers see them and only decide on the basis of their voice coach wants add to their team. Each coach will be assembling a team through blind auditions. (Coaches will press on a button if they like the talent; if more than one coach expressed interest, singer gets to choose the coach that he or she wants to).

In a second phase, the coaches themselves will eliminate the team per week. Mr. Burnett said that each of the cars will work on performing styles and even the appearance of their team members.

In the final phase, the few remaining candidates an equal number of each coach, participate, until every coach a candidate nomination. The audience will vote on the ultimate winner.

Price, a contract for registration will come with an agreement which also involves the winner career coach. "The coaches have real skin in the game", Mr. Burnett said, "these coaches are really going to win."

Coaches will be "recognizable names", said Mr. Burnett, but none has been selected yet. He said that he had already been searching talents for potential candidates.

NBC made an agreement to buy led by John de mol, Dutch production company whose reality earlier creations have included many international versions of "Big Brother" show. NBC said ratings for the Dutch TV market where the "voice of Holland" has become the most popular talent contest in the country.

Big Ten Logo not A 10 (Adpulp)

With the addition of the University of Nebraska, the Big Ten Conference is expanding to 12 teams, a movement which inspired the League to unveil a new logo to be used for all sports from the school year 2011-2012.

According to ESPN, the logo was developed by Michael Bierut and Michael Gericke of Pentagram.
Big_Ten.jpg

The lettering logo includes an embedded 10 digit "in the word"BIG", which allows fans to see"BIG"and"10"as one word."

The Conference also announced today that its divisions of football from the 2011 season will be "legends" and "leaders". A breakdown of the divisions is below:

Legend: Iowa, Michigan, Michigan, Minnesota, Nebraska, Northwestern State
LEADERS: Illinois, Indiana, Ohio State, Penn State, Purdue, Wisconsin

"" Captions"are a nod to our history and persons associated with our schools, which are widely recognized as legends - student-athletes, coaches, alumni and faculty.""Leaders look to the future that we remain committed to foster leadership, student-athletes are encouraged to conduct their own way, for the rest of their lives, in their families, their communities and their chosen professions," said Big Ten Commissioner James e. Delany.

That perhaps speak of sports leaders don't like it but they are not alone.

Daily Saturday must be said of the "B" in the Big Ten "are clearly boobs." Graphic design school teaches the incoming students rule is be sure to put boobs somewhere in your design. People like breasts, even women and gay men. Breasts are the cornerstone of any design work, and design their lack would not be liked or recognized as words by anyone.

Previously on AdPulp: Three time zones away, Fiercely Competitive nevertheless

13 December 2010 by david burn | Permalink | CommentsWith the addition of the University of Nebraska, the Big Ten Conference Expands to 12 teams, a movement which inspired the League to unveil a new logo to be used for all sports from the school year 2011-2012. According to ESPN, the logo was developed by Michael Bierut and Michael Gericke of Pentagram. The lettering logo includes an embedded 10 digit "in the word"BIG", which allows fans to see"BIG"and"10"as one word." The Conference also announced today that its divisions of football from the 2011 season will be "legends" and "leaders". Ventilation divisions below: Legends: Iowa, Michigan, Michigan, Minnesota, Nebraska, the leaders of the Northwest: Illinois, Indiana, Ohio State, Penn State, Purdue, Wisconsin "" legends""are a nod to our history and persons associated with our schools, which are widely recognized as legends - student-athletes, coaches, alumni and faculty.""Leaders look to the future that we remain committed to foster leadership, student-athletes are encouraged to conduct their own way, for the rest of their lives, in their families, their communities and their chosen professions," said Big Ten Commissioner James e. Delany. That perhaps speak of sports leaders don't like it but they are not alone. Daily Saturday must be said of the "B" in the Big Ten "are clearly boobs." Graphic design school teaches the incoming students rule is be sure to put boobs somewhere in your design. People like breasts, even women and gay men. Breasts are the cornerstone of any design work, and design their lack would not be liked or recognized as words by anyone. Previously on AdPulp: Three time zones away, Fiercely Competitive nevertheless

Media decoder: superordinateur I.B.M. "Watson" with challenge "Jeopardy" stars (nytimes)

A supercomputer I.B.M. system named after founding the company, Thomas j. Watson SR., is almost ready for television test: an episode of questioning on the quiz show "Jeopardy."

I.B.M. and producers of "Jeopardy" will announce Tuesday that the computer, "Watson," will have to face two actors more success in the story "Jeopardy", Ken Jennings and Brad Rutter, three episodes will be aired on February 14, 15 and 16, 2011.

I.B.M., "Watson" is a test of artificial intelligence. It scientists have been talking to the "Jeopardy" Man vs. machine match-up for the greater part of two years. "If the program beats humans, the area of artificial intelligence that made a leap forward," John Markoff of the New York Times wrote in April 2009.

In a press release, companies said that the format of "Jeopardy" was "the ultimate challenge" for "Watson" because "indices of the game involves analysis subtle sense, irony, puzzles and other complexities in which human beings humans Excel and computers are traditionally not."

I.B.M. and producers have agreed that a million dollars will be on the line. If "Watson" WINS, the money will be donated to charities. If a human wins half of the money will be given.

The producers of "Danger" said computer qualified for the show by passing the same test as human candidates. Recently "Watson" has been playing saving games with old human candidates for practice. I.B.M. will share some highlights of these games on their website in the coming weeks.

The match-ups "Jeopardy" supercomputer is on television since almost 50 years, are an opportunity to draw attention. It is an endorsement of sorts for format - as Harry Friedman, executive producer of the show, in a news release, "we are delighted that Jeopardy!" is regarded as a point of reference for the ultimate knowledge. »

Media decoder: Jimmy Kimmel Extends run on ABC (nytimes)

After one year turbulent late-night, at least at NBC television stability will be reign at ABC, where Jimmy Kimmel has agreed to extend his contract for at least two years.

Mr. Kimmel has seen grow odds on "Jimmy Kimmel Live" in the past year, unusual for host of late night, because the field has become so crowded and late-night shows are mostly being poorly by competition from reading performances recorded on digital video recorders.

The financial details of the contract not disclosed, but Mr. Kimmel clearly until an issue related to salary. Jay Leno issuing "Today", whose salary was settled in the range of approximately 25 million dollars per year, often makes the point that it still does not "Silver Dave." Refers to what CBS star David Letterman made equally to 31 million dollars per year.

A requested if it is now "Silver Dave", said Mr. Kimmel: "Yes, Dave Coulier."

Brandon Berger join Ogilvy as Chief Digital Officer (prnewswire.com)

NEW YORK, December 13, 2010/PRNewswire / - Ogilvy & Mather, today announced that Brandon Berger will be joining the Agency as Chief Digital Officer, a newly created global role in global CEO Miles Young.


Mr. Berger joined Ogilvy after having worked for three years at the MDC Partners holding company as Vice President of digital innovation was responsible for digital investments, acquisitions and partnerships for the network.  He has also provided strategic digital strategy for the MDC, Crispin Porter + Bogusky bodies and other leadership.


"I am delighted to have Brandon, join us and work side-by-side with me to push our global leadership in digital" much further, commented Mr. Ogilvy Young.  "Brandon is only one of the best digital thinkers and doers autour.".  Its record of innovation and its interest to create real solutions for customers is that we attract.  His vision of the digital as a strategic resource coincides exactly with ours.  We see it as central to all business and not as a sect apart. »


In this new role, Mr. Berger will be team with the leaders of the global digital practices Ogilvy covering all companies operating company.  Will be responsible for the development of the offer as to reconcile the offer to customers.


Commenting on his new role, Berger said: "I couldn't be more excited about the opportunity to return to Ogilvy in this new role."  Ogilvy is a network world true that digital at its core.  "The opportunity to take advantage of the strategic and creative marketing leadership network power of fire, with the scale and resources around development, databases, media and technology to bring innovation and invention to current and future customers is without end."


In addition to his most recent position with partners of MDC, Berger has worked in these organisms known as McCann-Erickson/MRM, Leagas Delaney, McCann-Erickson/Anderson & Lambke, as well as Ogilvy, where he worked from 2004 to 2007.  In 2000, he founded his own company, WideRay Corp. / Qwikker, a leader in the distribution of content for mobile devices lbs.


Ogilvy & Mather


Ogilvy & Mather was a global pioneer in digital space since the Foundation in 1983 his group of interactive marketing, which is today one of the largest interactive agencies in the world.  With offices in 50 countries, Ogilvy offers a suite of digital services including strategy, brand and platforms, website design & Development, online marketing and social media advertising experiences for mouth-to-, research and direct and performance marketing.  Ogilvy takes on marketing, user centered approach incorporating all the points of contact (online and offline) and has a list of some of the biggest customers blue chip in the world.


Ogilvy & Mather is one of the largest marketing communications companies in the world. From its specialty units, the company provides a full range of services, including marketing: advertising. Public Affairs and public relations. image of brand and identity. consumer and retail marketing. health care communications. direct, digital, promotion and marketing of the relationship. Ogilvy & Mather services business Fortune Global 500 as well as local businesses by its network of over 450 offices in 120 countries. It is a WPP company (Nasdaq: WPPGY).  For more information, visit www.ogilvy.com.


SOURCE Ogilvy & Mather

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Larry King prepares sign off and everyone is Talking (nytimes)

"I consider unique Larry, absolutely a kind," said Ross Perot, one of the many subjects of political life, including Mr. King interviewed during his 25 years on CNN. Unlike other hosts the television, Mr. Perot said: "that will stop you if you're not saying what they want to tell you," Mr. King "will allow you to finish what you're saying."

After approximately 50 000 interviews — between the transition to television and radio career - m. King finishes his race as a support for 9 hours on CNN this week and may take with him form conversation hour cable news television interview. It is unclear how its replacement, Piers Morgan, will result in its program, but some change in the format King is likely.

Although he was professed no regrets, Mr. King was pointing to what he identified as "the saddest part" leaving the scene of the nocturnal interview, where programs that evil CNN and m. King in the ratings are headed by hosts advocating a point of view policy.

"If you look at media now,"he said in a telephone interview", all these other entertainment hosts interview themselves." Guests are an accessory to the hosts of these cable networks. The guest is always paramount me. »

He left this week, many of these guests return for a stroll under the Presidency last: Naomi Wynonna Judd Tuesday, Barbra Streisand, Wednesday, and a lot of old favorites on the final Thursday.

And as he counts down to the last of its programs of nearly $ 7,000 for the network, guests and a framework for other famous people want to talk to Mr. King and gratitude for his distinctive style interview Mark summarized by a frequent guest comics Bill Maher: "Larry was the ultimate minimalist: ' Al Gore." your thoughts! » ”

Some critics reflects the minimalist approach as the equivalent of throwing a shout weekend softball. Mr. King said critics still mattered him.

"I don't know what a softball question is" he said. "" "" All the I know is I have no agenda. I have short questions and I listen the response.

Greta Van Susteren, host of Fox News Channel which has become a well-known legal commentator on CNN in the trial of o. j. Simpson, said critics complain of what they consider as softball questions are "grossly naive."

"It makes guests feel very comfortable and want to talk about and what they do", said.

Mr. King was interviewed Mr. Gore - most famous as the host of debate news-making 1993 with Mr. Perot on the North American free trade agreement. The Perot-Gore debate was a decisive moment for the program. It draws on more mainstream CNN for a regular program, about 20 million viewers. At this time, Mr. King was already closely associated with Mr. Perot had surprised him and a large part of the nation by declaring Chairman on the program in 1992.

"I found him a fascinating character," Mr. King said. "The debate, Gore presented with an army of the White House." Perot brought a friend of Dallas. "Perot took slightly Gore, he said. "Gore stir-fry just him and that he had the time.

The pair were part of a long list of subjects of political life, including every President since Richard M. Nixon. (When Mr. King asked Nixon if it had always been in the Watergate building, the former President said laughing rueful, "not me, me.)

A President George h. w. Bush, admitted feeling "very close to Larry." President Bush, in an e-mail, said: "I am a very high esteem of Larry King," describing "a direct interviewer and professional depth."

Another President who felt moved to express his admiration is still in Office, well away from Washington. December 1st, the Russian President, Vladimir V. Putin, said Mr. King in an appearance on the programme to the United States, "there are many interesting and talented people, but still there is a single King."

In recent months, the crowded invited King's farewell list included other Presidents (among them, Jimmy Carter), a horde of the show-business stars, George Clooney, Stevie Wonder, Jon Stewart, Jeff Bridges) and the usual declarations of every description and celebrities assortment: President Mahmoud Ahmadinejad Iran; Oksana Grigorieva (ex Mel Gibson). Ricky Martin (declaring his sexuality). Steven Slater, JetBlue flight attendant's rebels.

The range of subjects affected by "Larry King Live" has always surprised and amused outside commentators. "Not many people can interview Putin then Snooki," said Katie Couric of CBS News anchor. Mr. Maher cites a memorable example: "one night it was Margaret Thatcher, the next night, is a grouping of Lawrence Welk.".

Jeffrey Toobin, legal CNN analyst said that the trial of o. j. Simpson long-term, who played nightly on "Larry King Live" is somehow the story perfect for Mr. King "because he combined high and low;" you have important questions about justice and race and celebrity sleaziest in Los Angeles. »

Mr. King himself had no difficulty in recalling some highlights of favorite as a lunch with Nelson Mandela in South Africa and a first 1963 radio interview with Ms. Streisand, then a young singer, barely known in Brooklyn. The Hotel Eden Roc in Miami Beach, where she was appearing at the time, asked at the interview to try to get him exposure, said Mr. King.

"At the end, she told me:" you don't know me now, but one day you will know me "". ""

And then there was Marlon Brando, memorable appearance which ended with the actor planting a smack thanks to the lips of the host. Mr. King recalled that he, Brando had requested a lunch opening and picked the image of a m. King, driving a Chevrolet.

Mr. King account, two men drove around of Beverly Hills singing songs. "He would be singing a single line, I sing the next: ' tell me why you keep foolin,' coquette little." ”

Reality television and real estate mogul Donald Trump said: "Larry has been able to obtain more information from you that anyone - and you getting no account even you have summer giving."

As Ms. Couric said: "there is something to be very direct, without frills." It never Larry. It is always the person with whom he spoke.

As Mr. King wound to obtain information on almost every significant figure of his life (both he regrets more missing are mode of typical mixed bag, Fidel Castro and Jack Nicholson) attributes to be "extremely curious" as well as a talent "" I take no credit: people respond to me. ""

He confessed, "I'm going to he missed." But he said: "I am 53 years in this business." This is everything that I've always wanted to do. I had a great trip. I have no complaints. »

Piracy fight stop Down music Blogs (nytimes)

"At first I thought it was hackers," said Mr. Hofman. But a few hours notice ascended the site saying that its domain name had been seized by the immigration unit United States and Customs Enforcement of the Department of Homeland Security; This is one of the dozens of sites, accused of infringement of copyright and the sale of counterfeit products.

But Mr. Hofman, a long Aboriginal ruissèle in his beginning in the 1930s who worked previously for a major label, do not think himself as a pirate.

OnSmash.com and the handful of other blogs music closed by Government post brand new songs and videos without a licence, but much of this material is often leak their managers, music labels, and even the artists themselves.

Consequently, these sites have a complex symbiosis with the music industry. While the Recording Industry Association of America wants to shut down their, labels - particularly in hip-hop circles - rank uses them as a marketing tool and the sale of advertising.

"Joe q. public"leak"sounds like a bad word," Mr. Hofman said in an interview with a pizzeria on the Lower East Side, his lawyer at his side. "" "" But if you've never been to a label marketing meeting, "Hey, can you escape to blogs? Leakage is now a verb marketing.

In addition to OnSmash.com sites music close included Dajaz1.com RapGodFathers.com and rmx4u.com; another torrent - finder .com, is a search engine for users of BitTorrent, a file sharing system that can be used for any data type.

Weekend action of grace - most of the 82 sites involved seizures have been closed to sell imitation bags in hand, sunglasses and other goods - were made without warning. Internet as the Electronic Frontier Foundation advocacy groups have expressed alarm on the precedent that could set the action.

December 6, Victoria a. Espinel, Coordinator of the intellectual property of implementation of the White House, said that several judgments could expect soon the Government pursues "pirates and counterfeiters."

Some people more surprised by the judgments are the industry's music itself.

"My artists and industry have any issues with most of these sites, said Corey Smyth, a manager of rappers and producers such as Lil Jon and Talib Kweli." When you try something to do, it is where children go. »

For artists, which deals with the most recent leak blogs are not always beneficial, is not always clear where leak originated. Fabolous, a Brooklyn rapper label Def Jam, who has worked with OnSmash.com, said competition between blogs had resulted in a disorder in which auditors messaging for artists and producers had pirated for any extracts of new music that might attract readers.

"This is a double edged sword" said Fabolous. "It's a big, big promotional tool for all that you try out for the masses." But on the other hand, it is a bit of piracy, because sometimes it is not always what is given - there are some things that are taken. »

More than a decade since the advent of Napster, large file sharing service labels still struggle to reconcile the promise and the threat of digital music.

Immigration and Customs Enforcement has not explained how he selected sites that deal with downloadable music, but a spokesman for the Recording Industry association of America, which represents the major music labels stated that he had worked with ICE and other federal agencies in the identification of the infringing sites.

"Sites and services identify us are blatant federal law of copyright, illegally offering songs from the artists or pre-release infringement contained non-commercially available online or in any store," said the spokesman of Group business, Jonathan Lamy.

M. Hofman, who began his career working in new media and marketing departments of a label main (he wouldn't say which), enjoys easy access to artists and labels. His site regularly organized showcase concerts in clubs in New York and was decorated with artist shout-outs. Miami rapper Rick Ross, in his recent album top 10 "Teflon Don" liner notes thank OnSmash.com to mention his own record company.

"I get nothing with open arms, receptions,", said Mr. Hofman, which is quite important in the world of music as Kanye West links on Twitter. "I fall more industry invites that I accept."

Mr. Hofman said tracks and videos were disclosed to his site regularly, adding that if he has received a letter to stop and abandon on material on its site is not permitted, it has taken.

Sites like OnSmash.com and Dajaz1.com had advertising, but their operators said that income was minimal. Dajaz1.com, operator called splash, he would not his real name), itself described in an interview as a married father of two Queens, who once worked in the industry of music.

"I am a regular Joe Schmo employment," he said. But a blog influential rap running has its privileges. "I'm on the phone with Busta Rhymes once every three or four days," said splash.

For the moment seized areas are in a legal vacuum. David Snead, a lawyer specializing in the case of the Internet that represents the owner of the torrent - finder .com, speculated that there may be 30 to 60 days of an order of seizure before it could. "The Government provides zero information to help us determine what he is being accused of", he said. "This is a black hole."

Some sites have resumed their assignments by simply moving to other areas: RapGodFathers.com now works on RapGodFathers.info and torrent - finder .com is now torrent - finder .info.

Mr. Hofman said he is "very nervous" about his situation legal but also puzzled.

"I see myself as a legitimate source of content online, and I have no reason to believe that I've never seen as otherwise." So what I do is so bad and covers damage to artist, then why is it retweeting stuff for two megacity? "Mr. Hofman said, referring to Kanye West. "He just not good for me."

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