Diberdayakan oleh Blogger.

Popular Posts Today

New York Times website goes down

Written By Unknown on Kamis, 15 Agustus 2013 | 00.32

NEW YORK — The New York Times website is down and it's unclear what caused the outage.

Spokeswoman Danielle Rhodes Ha says the newspaper is looking into the cause. The company offered no further details.

The website went down late Wednesday morning and continues to be inaccessible.

The company's newspaper and corporate sites also appeared to be unreachable. Emails sent to New York Times email addresses were returned as undeliverable.

"The New York Times Web site is experiencing technical difficulties. We expect to be back up shortly," said the Times in a message sent from its official Twitter account just before noon on Wednesday.


00.32 | 0 komentar | Read More

Eurozone's longest-ever recession comes to an end

MADRID — Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: It's hiring.

The company, which sells bookings as it helps travelers share their experiences using social media, has nearly doubled its headcount from 17 at the end of last year to 30. Business is booming as customers come in from across Europe — including some places hardest hit by Europe's economic crisis.

"We're finally starting to see a bigger growth curve in Spain, and the strong growth in Italy has been a surprise," Minube's co-founder, Pedro Jareno, said. "The improvements we are starting to see in the market are constant."

That brighter — or less gloomy — backdrop was confirmed in figures Wednesday, which showed that the longest-ever recession to afflict the eurozone came to an end in the second quarter of the year.

Eurostat, the European Union's statistics office, said the 17 EU countries that use the euro saw their collective economic output increase by 0.3 percent in the April to June period from the previous quarter.

That's the first quarterly growth since the eurozone slipped into recession in the last three months of 2011. The ensuing recession of six quarters was the longest since the euro currency was launched in 1999.

The improvement made up for the previous quarter's equivalent decline and was moderately better than the 0.2 percent anticipated in the markets. Growth, however anemic, had been predicted by many economists following an easing in market concerns over Europe's debt crisis over the past year and record low interest rates from the European Central Bank.

The eurozone's growth, which translates to an annualized rate of about 1.3 percent, is still well below the 1.8 percent the U.S. enjoyed during the second quarter. The wider 27-country EU, which includes non-euro countries such as Britain and Poland, also emerged from its own, milder recession, and like the eurozone is also growing at an annualized rate of around 1.3 percent.

Growth in Europe provides a boon to the global economy. The EU, which now totals 28 following Croatia's accession in July, has a population of around 550 million and its annual gross domestic product stands at around $17.3 trillion — both more than the U.S., which has GDP of $16.6 billion for 315 million people.

The EU's recovery marks the first time since a brief period in 2011 that the four major pillars of the world economy — the U.S., China, Japan and Europe — are growing at the same time.

The figures will be greeted with a sigh of relief by Europe's policymakers, who have spent nearly four years grappling with a debt crisis that has threatened the very future of the euro. But they were not ready to declare victory, aware that this is only the start of what is expected to be a slow and uneven recovery.

"This slightly more positive data is welcome — but there is no room for any complacency whatsoever," Olli Rehn, the EU's top monetary official, said in his blog after the release of the figures. "I hope there will be no premature, self-congratulatory statements suggesting 'the crisis is over'."

The improvement was largely due to solid growth of 0.7 percent in Germany and a surprisingly strong 0.5 percent bounce-back in France following two quarters of negative growth.

Aside from Europe's top two economies, there were signs of stabilization elsewhere, notably in Portugal, which expanded by a surprising 1.1 percent. Spain and Italy saw the pace of their economic contractions slow.

There was even evidence that the recession in Greece, the country at the heart of Europe's debt crisis, is easing, too. Eurostat doesn't publish quarterly figures for Greece. It only has annual comparisons and they showed that the year-on-year contraction eased to 4.6 percent in the second quarter from 5.6 percent in the first.

Major European companies have benefited from the more stable economy. ArcelorMittal, the world's largest steelmaker, says the worst is over and that European demand is finally on the rise again. Many companies, however, are still relying on foreign markets to drive profits. Big exporters, like German car maker BMW, are selling a lot in China and pushing into fast-growing emerging markets.

The recovery in Europe, the world's largest trading bloc, is expected to cause an increase in global trade levels later this year as exporters like Germany gather pace and Europeans buy more products from companies in the U.S., Japan and elsewhere.

Despite that cautious note of optimism, analysts said the eurozone still has a long way to go before it can say it has proved the skeptics wrong. Europe's indebted governments still face years of spending cuts and tax increases and many, notably Greece and Spain, are weighed down by record-high unemployment of over 25 percent. A full recovery across the eurozone is not expected before 2015.

"While the return to economic growth in the eurozone is a welcome development, it would be wrong to think that it will bring an end to the travails of the highly indebted and uncompetitive countries of the periphery," said Jonathan Loynes, chief European economist at Capital Economics. "The recession may be over, but the debt crisis is decidedly not."

For many people in Europe, even a mild improvement is cause to celebrate — and a suggestion that the darkest days are in the past.

When Jareno co-founded Minube in 2007, the global credit crunch was just about to erupt. That sent Europe into a recession that was shorter but deeper than the current one, and prevented Minube from getting bank loans to expand.

In the past year, visits to his website have increased by two-thirds and commissions on booked trips have jumped 300 percent.

"Figures have only gone up," Jareno said, "and that might be a sign that trust has improved."

___

Pylas reported from London.


00.32 | 0 komentar | Read More

Famed piano maker Steinway sold for $499M

WALTHAM, Mass. — Steinway has been sold for about $499 million and will again become a private company.

The company struck a deal with Paulson & Co., the investment firm founded by John Paulson, for $40 per share. That topped an earlier $35 per-share offer from Kohlberg & Co.

Steinway will discard its sales agreement with Kohlberg and pay a termination penalty of about $6.7 million.

The sale price was music to the ears of investors and shares of Steinway Musical Instruments Inc. jumped nearly 6 percent in early trading.

Steinway has been in business for 160 years. Its pianos have been a status symbol and a must-have luxury in concert halls for more than a century, but the company suffered during the recession. Sales have increased in the past few years, but have yet to return to their pre-recession levels.

In June, the company finalized the sale of its flagship showroom in Manhattan, the legendary Steinway Hall, where Serge Rachmaninoff and Vladimir Horowitz, among other greats, once took grand pianos for a test ride.

Industry watchers believe that the recovering economy, coupled with increased overseas demand from places like China, made the company more attractive to private investors. Its shares have recovered with the prospect of a sale, rising 71 percent this year.

Steinway Chairman and CEO Michael Sweeney said Paulson's offer reflects the attractive value of Steinway's heritage and growth potential, while also providing its shareholders with significantly better returns.

Paulson does not have a specific clause that would allow the company to seek other bids, but Steinway can respond to unsolicited offers. It would, however, be required to pay about $13.4 million to break off the sales agreement.

The deal is expected to close in late September.

Steinway, which will become private, valued the sale at about $512 million. Paulson will open a tender offer for company shares within the next five days.

Steinway & Sons was founded in 1853 by German immigrant Henry Engelhard Steinway in a Manhattan loft. Steinway was a master cabinet maker who built his first piano in the kitchen of his home in Germany, according to the company.

During the ensuing three decades, Steinway and his sons developed the modern piano. The company's products now include Bach Stradivarius trumpets, Selmer Paris saxophones, C.G. Conn French horns, Leblanc clarinets, King trombones, Ludwig snare drums and Steinway & Sons pianos.


00.32 | 0 komentar | Read More

US requires car makers to offer data about recalls

DETROIT — Starting next summer, U.S. consumers will be able to search a database to find out if recall repairs have been made to their cars or motorcycles.

The National Highway Traffic Safety Administration says it will require major auto and motorcycle makers to give customers online access to databases so they can be searched by vehicle identification number.

Only about 70 percent of recalled vehicles are taken to dealers for repairs, leaving thousands of cars on the road with critical safety flaws. The database would let used car buyers or owners search the database for free to see if all recall work had been done.

By August of next year, consumers will be able to access automaker databases, or they can do the searches through the agency's website.


00.32 | 0 komentar | Read More

Sky News says cameraman shot dead in Egypt

CAIRO — A cameraman for British broadcaster Sky News and a Dubai-based newspaper reporter were killed during violence in Egypt on Wednesday, their employers said.

Sky said Mick Deane, 61, was shot and wounded while covering the violent breakup of protest camps in the capital, Cairo. It said he was treated for his injuries but died soon after. The rest of the Sky crew was unhurt.

The Gulf News, a state-backed newspaper in the United Arab Emirates, reported on its website that journalist Habiba Ahmed Abd Elaziz, 26, was shot dead near the Rabaah al-Adawiya mosque in Cairo as security forces moved in on a sit-in by supporters of ousted president Mohammed Morsi.

The newspaper said she had been on annual leave and was not on assignment at the protest for the XPRESS, a sister publication that she worked for.

Sky said Deane had worked for the broadcaster for 15 years in the United States and the Middle East. He was married with two sons.

Scores of people have been killed across Egypt Wednesday in clashes between security forces and supporters of Morsi. Several journalists were injured or detained amid the violence.

Sky news chief John Ryley said Deane was "the very best of cameramen, a brilliant journalist and an inspiring mentor to many at Sky."

British Prime Minister David Cameron said he was "saddened to hear of the death" and said his thoughts were with Deane's family and colleagues.

The Gulf News said it spoke to the UAE journalist's younger sister Arwa Ramadan, who confirmed her death.

"My mom spoke to her close to (early morning prayers), but when she called again at 12 noon, there was no response," the sister said. "She called again, and somebody picked up the phone and told her Habiba was dead. My dad, who is in Egypt right now, confirmed it later."

The Gulf News quoted deputy editor Mazhar Farooqui as saying the publication was in shock.

"It's hard to believe she's gone," Farooqui said. "She was passionate about her work and had a promising career ahead."

The Committee to Protect Journalists said it was investigating several attacks on journalists and urged Egyptian authorities to "show restraint and allow the media to do their job."

"We call on Egyptian authorities to issue clear orders to security forces to respect the right of journalists to work freely and safely while covering events in Cairo and the rest of the country," said Robert Mahoney, deputy director of the media watchdog.

Other journalists were injured among the clashes. Reuters news agency confirmed that photographer Asmaa Waguih had been shot in the leg, though the company said her injuries were not life threatening.

An Associated Press photographer working near the Rabaah al-Adawiya mosque during the melee was hit in the back of the neck by two birdshot pellets, said Manoocher Deghati, the AP's Middle East photo editor. The photographer received medical care and later returned to work, Deghati added.

___

Jill Lawless reported from London. AP correspondents, Danica Kirka and Cassandra Vinograd in London, Jon Gambrell in Cairo and Dalton Bennett in Dubai, United Arab Emirates, contributed to this report.


00.32 | 0 komentar | Read More

Google Maps Camera-toting teams map Fla. beaches

PANAMA CITY BEACH, Fla. — One step at time, camera-toting crews are walking all 825 miles of Florida's coastline to capture the views for Google Maps.

Google has partnered with Florida's tourism agency, Visit Florida, to create Florida's vast beach view.

A two-man team began walking from the Florida-Alabama border in late July. The duo will finish mapping Florida Panhandle beaches this month. Then they skip over to the state's Atlantic coast and move south before meeting up with another two-person team that will finish the walk the rest of the way around Florida's coast in the coming months.

Florida leaders are applauding the project and say it will be a good way to entice visitors to the many pristine beaches that make tourism the state's leading industry.


00.32 | 0 komentar | Read More

Longtime political columnist Germond dead at 85

WASHINGTON — Jack W. Germond, the portly, cantankerous columnist and pundit who covered 10 presidential elections and sparred with colleagues on TV's "The McLaughlin Group," has died. He was 85.

Germond died Wednesday morning. He had recently finished his first novel, "A Small Story for Page Three," about a reporter investigating political intrigue, being published Friday.

"He went peacefully and quickly after just completing this novel, a tale he had pondered while writing columns, campaign books, a memoir and covering our politics and politicians," his wife, Alice Germond, said in a note to his colleagues. She said Germond "was fortunate to spend his life working at a job he would have done for free during some halcyon times in the newspaper business."

With Jules Witcover, Germond co-wrote five syndicated columns a week for nearly 25 years, most of that time spent at The (Baltimore) Sun. He was in many ways emblematic of his generation of Washington journalists: He was friendly with the politicians he covered, and he cultivated relationships with political insiders during late-night poker games and whiskey-fueled bull sessions.

"Before politics was fed into computers and moveable maps came out, Jack Germond had it all in his head," said Walter Mears, the former political writer for The Associated Press and a Germond friend and competitor.

"He was a walking encyclopedia on politics and politicians," Mears said. "He worked the telephones — before they were cellphones — and the opening usually was pretty much the same: What do you hear? His style of political reporting was an art form. Sadly, it is becoming a lost art."

Germond, Witcover and Mears were among the "Boys on the Bus" chronicled in Timothy Crouse's seminal account of reporters in the 1972 presidential election.

Later in his career, Germond became arguably the best known of the "Boys," thanks to his irascible appearances on "The McLaughlin Group," where he offered a liberal alternative to conservative host John McLaughlin and fellow panelist Robert D. Novak.

Their dustups were even parodied on "Saturday Night Live," with Chris Farley as Germond and Dana Carvey as a histrionic McLaughlin.

He quit the real show in 1996 after a series of disputes with McLaughlin, sending the host a terse fax that read: "Bye-bye."

He also appeared regularly on TV's "Inside Washington," and was a political analyst for NBC and CNN.

Germond and Witcover's column, "Politics Today," appeared in about 140 newspapers at its peak. The pair launched the column in 1977 for The Washington Star and moved to The Sun four years later when the Star folded.

The dual byline allowed both writers to spend time reporting, and when one was on the road, the other would draft the column and they would confer on it by phone.

Germond and Witcover also chronicled the dumbing down of presidential campaigns and the growing cynicism of the electorate in a series of books with such titles as "Wake Us When It's Over" and "Mad as Hell."

Germond wrote two memoirs, "Fat Man in a Middle Seat" (1999) and "Fat Man Fed Up" (2004). He retired from writing columns after the 2000 presidential election, disgusted with politics.

"I really found this campaign odious. I just couldn't get up for it," Germond told The Washington Post. "The quality of the candidates and the campaign, I just found the whole thing second-rate. I didn't know how to explain to my granddaughter that I was spending my dotage writing about Al Gore and George W. Bush."

In "Fat Man Fed Up," he wrote that "after 50 years of exposure to thousands of politicians, I am convinced that we get about what we deserve at all levels of government, up to and including the White House."

Germond got his start covering national politics in 1961 for Gannett, where he had worked for several years. His first presidential campaign was the 1964 race between President Lyndon Johnson and Republican Sen. Barry Goldwater. He left Gannett in 1974 to join the Star, first as political editor and later as assistant managing editor.

He and others in his generation typically generated leads during after-hours, off-the-record chats over drinks — sometimes with the candidates themselves. As campaigns became more scripted, the candidates more insulated and paranoid about gaffes, Germond bemoaned the lost opportunities to see beyond their public personas.

He was baffled by the younger generation of political reporters and their more subdued style.

"Journalism was a great way to make a living. It was fun," Germond told People magazine in 2001. "Nowadays, reporters drink white wine and eat salads. They go to their rooms, transcribe their notes and go to the gym. We never did that."

Germond was born in 1928, in Newton, Mass. His father was an engineer who worked in the housing business, and the family moved frequently.

"I went through 11 different schools in 12 years of public school," Germond said on NBC's "Meet the Press" in 2005. "It made me very detached. It hardens you up a little bit."

He served in the Army from 1946-47, then earned journalism and history degrees from the University of Missouri in 1951. He also dabbled in semipro baseball. He worked for small newspapers in Missouri and Michigan before joining Gannett Co. in 1953.

Germond retired to Charles Town, W.Va., and a house that overlooks the Shenandoah River. A thoroughbred racing enthusiast, he was a regular at Charles Town Races and Slots.

"I come a couple days a week," Germond told National Public Radio in a 2003 interview at the racetrack. "It is a totally cleansing experience."

___

Associated Press writer Douglass K. Daniel in Washington contributed to this report.


00.32 | 0 komentar | Read More

Steinway sold for $512M

Waltham-based Steinway Musical Instruments has been acquired by New York hedge fund Paulson & Co. for approximately $512 million, the companies said this morning in a statement.

Paulson, which previously submitted a bid for $478 million, will acquire the luxury piano maker for $40 a share, far more than the $35 per share offer from the original bidder, Kohlberg & Co. Kohlberg dropped out of negotiations after Paulson's initial bid.

As part of the deal, Paulson will pay Kohlberg a termination fee of roughly $6.7 million.

Arnold Ursaner, president of CJS Securities, said the sale will likely not change much about the production of the legendary pianos, which take almost a year to make because of the significance of the brand.

"That luxury global brand had tremendous global appeal," he said. "I don't expect them to change the way they build the pianos."

He called the move a revenue buy for Paulson, rather than a cost-cutting move for Steinway.

Steinway will become privately held as part of the deal.


00.32 | 0 komentar | Read More

Apple breaks $500 threshold, 1st time since Jan.

Apple Inc.'s shares surged passed the $500 threshold — their highest level since January.

Wednesday's gains came a day after activist investor Carl Icahn said he thinks the iPhone maker should do more to revive its stock price.

The outspoken billionaire said in Twitter posts Tuesday that he had acquired an unspecified stake in Apple and had spoken to its CEO about boosting share repurchase plans. The stock immediately jumped, and closed at its highest level in nearly seven months.

Apple is committed to buying back $60 million in stock by the end of 2015. Icahn believes that program should be immediately increased.

The company's stock peaked last year at $705.07 but began losing ground on concerns about slowing growth and growing competition.

Shares added $13.83 to $503.40 at midday.


00.32 | 0 komentar | Read More

Court: Vt. can't use law to close nuclear plant

MONTPELIER, Vt. — A federal appeals court has largely upheld a ruling against Vermont's attempts to close a nuclear power plant in the state.

A decision Wednesday by the New York-based appeals court agrees with a lower-court decision that federal law pre-empts state laws geared toward closing the Vermont Yankee plant.

The court said Vermont's concerns over nuclear safety were not a legitimate reason to close the plant. Nuclear safety is the sole province of the Nuclear Regulatory Commission under federal law.

The appeals court did reject the plant owner's complaint that Vermont was trying to tie a new state permit for the plant to getting favorable prices on power from Vermont Yankee. It said that issue wasn't ripe because no such deal was struck.

New Orleans-based Entergy Corp. owns the plant.


00.32 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger