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Tuesday, 18 October 2011
Hallmark Channel Premieres New Christmas Classic JINGLE ALL THE WAY November 25
For all who love seasonal animated classics, take heart! Hallmark Channel announces the World Premiere of ?Jingle All the Way,? a Hallmark Channel Original Animated Special World Premiere, starring one of Hallmark?s most lovable characters, Jingle the Husky Pup?, Friday, November 25 (8 p.m. ET/PT, 7C). This is the first time that Hallmark Channel has [...]
Monday, 17 October 2011
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U.S. rejects plan to strengthen IMF in euro zone crisis (Reuters)
PARIS (Reuters) ? Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis immediately ran into resistance from the United States and others, burying the idea for now and firmly putting the onus back on Europe.
The outlines of the plan, that had the backing of several developing economies, emerged as G20 finance ministers and central bankers began meeting in Paris to discuss a world economy under threat from European nations mired in debt.
One G20 source said some policymakers backed injecting some $350 billion into the International Monetary Fund. Other options under consideration included loans, special purpose vehicles and note purchase agreements.
Treasury Secretary Timothy Geithner wasted no time in shooting the idea down. The IMF's dominant shareholders, including the United States, Japan, Germany and China, are content that the fund's $380 billion worth of resources is enough. Canada and Australia also voiced opposition.
"They (the IMF) have very substantial resources that are uncommitted," Geithner said.
The United States is among countries keen to keep pressure on the Europeans to act more decisively to end the two-year-old debt crisis that began in Greece but has since spread to Ireland and Portugal and is lapping at Spain and Italy.
"The first priority here is for Europeans to put their own house in order," Australian Finance Minister Wayne Swan said.
The finance ministers of France and Germany, under pressure from the rest of the world to act in concert, made a fresh commitment to have a plan for the euro zone in place before a summit of G20 leaders in Cannes on Nov 3/4.
Speaking after a lunch meeting with President Nicolas Sarkozy, French Finance Minister Francois Baroin said: "We will continue our discussions in the coming days but we have already come to some agreements that will be very important."
If minds needed concentrating further, the downgrade of Spain's credit rating a few hours earlier highlighted the risk of a much larger economy than Greece coming under threat.
Standard and Poor's cut Spain's long-term credit rating, citing the country's high unemployment, tightening credit and high private sector debt.
French and German officials are trying to put flesh on the bones of a crisis resolution plan in time for a European Union summit on October 23. Fears about the damage a default by Greece -- and possibly others -- could inflict on the financial system have driven a confidence-sapping bout of market volatility since late July, with global stocks falling 17 percent from their 2011 high in May.
Canadian Finance Minister Jim Flaherty also said the G20 should keep up pressure on the euro zone on its "arduous" journey toward a solution and not focus on IMF resources.
DIVISION
Unlike in 2009 when the G20 launched coordinated stimulus to pull the world out of crisis, the rest of the world is chafing at Europe's slow response while Washington and Beijing are sparring over the yuan currency.
The Franco-German crisis plan is likely to ask banks to accept bigger losses on their Greek debt than the 21 percent spelled out in a July plan for a second bailout of Athens, which now looks insufficient.
"It will be more, that's more or less certain," French Finance Minister Francois Baroin said.
It should also lay out a system for recapitalizing banks and plans to leverage the euro zone's European Financial Stability Facility to give it more punch.
Japanese Finance Minister Jun Azumi said he would share with his G20 counterparts Japan's "bitter experience" of failing to contain its 1990s banking crisis by doing too little, too late.
Whilst the EFSF has the resources to cope with bailouts for Greece, Portugal and Ireland, it would be overwhelmed by the need to rescue a bigger economy such as Italy or Spain.
"We see heightened risks to Spain's growth prospects due to high unemployment, tighter financial conditions, the still high level of private sector debt, and the likely economic slowdown in Spain's main trading partners," S&P said.
The most effective method would be to turn the EFSF into a bank so it could draw on European Central Bank resources. Both Germany and the ECB are opposed to that.
The G20 may refer to the euro crisis in its communiqu? and in closing news conferences on Saturday evening, but little else of substance is likely to be inked in with a EU summit in nine day's time the make-or-break moment.
ROLE OF IMF
G20 sources said most BRICS economies were in favor of bolstering the IMF's capital as a crisis-fighting tool.
"We have said this before and have conveyed this again, that if emerging economies and the BRICS are called upon to contribute, we can do it via the International Monetary Fund," one of the sources said. "India is open to it, China and Brazil are also okay with the idea."
Another G20 source said the IMF would present a plan which had broad support to its executive board to make short-term credit lines available to fundamentally healthy countries hit by liquidity crises. It could aid euro zone countries hit by the current crisis of confidence in the bloc's sovereign debt.
The Paris meeting may give the green light to regulators for new rules on banks deemed 'too big to fail', including capital surcharges, due to be officially approved in Cannes.
Any real progress on bigger goals such as setting parameters to measure global imbalances and reining in speculative capital flows is unlikely to come before a November 3-4 summit in Cannes, where France passes the G20 baton to Mexico.
A French finance ministry source said that for Cannes, France hoped to have two or three measures agreed for countries showing imbalances: consolidation measures for those with high deficits and stimulus measures for those with surpluses.
"We are going to try to make some progress and obtain, perhaps not tomorrow or Saturday but by Cannes, a list of measures country by country," he said. "These must be measures which will have an impact on the real economy."
A separate G20 source said after preparatory talks late on Thursday that China would commit in Paris to boost its consumption through a five-year plan, via households and companies as well as infrastructure.
The G20 countries make up 85 percent of global output.
An April G20 meeting placed seven large economies under review -- the debt-burdened United States, export driven China and the economies of France, Britain, Germany, Japan and India. Officials have said privately the aim was to get Beijing to discuss the yuan, and China's cooperation is essential to the success of the process.
China and the United States sparred this week over a U.S. Senate bill to press Beijing to raise the yuan's value, and the issue is likely to create a sideshow at the G20 talks, even if the euro zone crisis pushes it off center stage.
(Additional reporting by Daniel Flynn, Francesca Landini, Randall Palmer, David Milliken, Kevin Yao; Writing by Mike Peacock/Janet McBride)
Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20111014/bs_nm/us_g20
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Sunday, 16 October 2011
Android App Review: Dexter
If you’re a fan of the show Dexter on Showtime, then you’ll want to check out the official Android app. Showtime is doing some cool things with complimentary apps for its shows, including the popular series Weeds and the aforementioned Dexter.
When you open the app, you’ll be presented with the home screen, which displays four tabs up top as well as six main features rotating on the main screen. These include guest stars for the upcoming season, behind the scenes looks, a glance at the widget and even an opportunity to watch the season premiere on your device. The four tabs that can be found up top are: Home, The Show, Videos and Photobooth.
- Home: includes all of the options listed above
- The Show: this tab contains 5 subtabs called About, Episodes, Airtimes, Cast, and Extras. About provides a premise for the show including the new season. Episodes allows you to sort through past shows, read recaps and watch video clips. Airtime lists all of the upcoming Dexter episodes available on various networks. Cast provides bios and pictures of the main cast members and Extras includes wallpapers and the official Twitter account for the show
- Videos: The Videos tab includes a full episode available for free as well as behind the scenes clips for the fans that love extras
- Photobooth: Photobooth allows you to to put a picture of yourself inside a theme based on Dexter. Themes include Dark Angel, Kill Wall, Kill Suit, Miami Badge and Suspect File
Dexter is a fantastic app for anyone who is a fan of the popular Showtime series. It is a perfect compliment to the TV show. It's a free app available from the Android Market, we've got links after the break.
Source: http://feedproxy.google.com/~r/androidcentral/~3/5ramF8CdWoo/android-app-review-dexter
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Saturday, 15 October 2011
A Small-Business Owner Considers the Risks of Expansion ...
I was fascinated by the recent case study in The Times about a Seattle-based retailer that decided to open a location on the other side of the country. The piece hit home with me because we?ve often had similar conversations here.
My home furnishing store, Jayson Home, has gotten a lot of attention for its mix of merchandise and the way it is displayed. While the business was certainly affected by the economy and the housing crisis, its sales have been growing for the last few years. We are about to unleash a new Web site, and we are always getting flattering reviews in home d?cor magazines and on blogs. It is very tempting to think about opening another location, and we have crunched the numbers. But I have resisted, because I have a very different view and understanding of growth than I used to.
When I started my business, I was determined to grow as fast as I could. And I did. The business doubled for a few years, and then continued to grow at double-digit rates. It was quite exhilarating, and exhausting. The words growing and business are often said together like soup and sandwich. Why would you want one without the other? Whether it is to fulfill a dream, to get wealthy, or to create opportunity for your staff, it seems like the natural and ambitious thing to do. These days, it might even be the patriotic thing to do since a growing business will create much-needed jobs. And it makes sense ? until it doesn?t make sense.
It really comes down to priorities. Do you want to take outside capital and the ?partners? that come with it? Do you want to take on more risk? More employees? More travel? More stress? More potential aggravation? I?ve learned over the years that growth is a complicated animal. Many entrepreneurs just keep entrepreneuring without considering the consequences. It?s hard to turn it off. I know, I am one of those entrepreneurs. And while I can?t say that I have turned it off, I have turned it down. I think things through now. I have some rules of engagement. Maybe I have actually grown up! Probably not. But I have learned one important lesson of entrepreneurship: Just because you can, doesn?t mean you should. The most important word in business just might be no.
I regularly get calls from real estate agents who think they have the perfect location for another location for my home store. No. I regularly get approached by investment bankers who either say they have a buyer (probably fictional) or that they want to invest in my business. No. I get solicitations to buy other businesses. No. (All right, maybe). It gets back to my rules of engagement. I don?t want to answer to anyone except my customers, my employees and my family. No investors. No landlords. I don?t want to be forced to travel more. And, finally, I have figured out that I need more money less than I need more aggravation, which, happily, is at an all-time low.
I have also figured out that business is not just about growth. For one thing, it is also about making a profit, which many companies seem to forget as they grow themselves out of business. Business is also about understanding the reality that bad things happen: recessions, lawsuits, uncollected receivables, new competitors, and assorted calamities like fire, flood and other biblical afflictions. Choosing to over-expand instead of being prepared for this kind of stuff can put the company in jeopardy. It happens all of the time ? especially in an economy like we have now.
Sometimes, slowing down the growth is the safer and more responsible thing to do. But that can be boring ? and that can be a problem, not just for me but for some of my staff. Terms like economies of scale and synergy get thrown around like catnip to the entrepreneurial cat: More buying power! No more advertising needed! No additional buyers! All resulting in a larger marginal profit!
But I respond with my own terms: More travel! An expensive new lease! More money to lose if the economy tanks again! And last but not least, the second most important word in business: Why? I need to know why exactly I should take the risk. For the money? Maybe yes, maybe no. It?s important to remember that we just might lose money. For ego? That?s always a bad reason. How many entrepreneurs have become financially successful at the cost of their health, family or sanity?
It comes down to not only figuring out what your priorities are but also to recognizing your limitations. That is a word that an entrepreneur in the chase is loath to accept. But we all have limitations, which does not mean you can?t be wealthy, happy and wise. So will we expand? Will we take on some new challenges? Maybe. Probably. But I won?t even think about it until: I have the money to burn. And I have the right people in place to handle the additional responsibilities.
These days, I look before I leap. It is a new concept for me.
Jay Goltz owns five small businesses in Chicago.
Source: http://boss.blogs.nytimes.com/2011/10/13/avoiding-the-growth-trap/
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Former UN official describes losing Kosovo job (AP)
UNITED NATIONS ? A former official at the U.N. mission in Kosovo said Friday he was plunged into a severe depression and had problems sleeping when he lost his job shortly after reporting suspected corruption by his colleagues.
American James Wasserstrom told a U.N. employee tribunal that losing his job in 2007 was "disastrous."
He is asking for $1 million in damages from the United Nations for failing to protect him from retaliation for speaking up. Under a 2005 policy, the United Nations is required to protect whistleblowers from adverse action.
The U.N. maintains Wasserstrom was not targeted for retaliation, and argues that his case is without merit because his suspicions of corruption were based on rumor. A subsequent investigation failed to prove Wasserstrom's suspicions.
His case is a test of the U.N.'s new independent court for employee issues, which replaced a secret, delay-plagued system that critics say favored U.N. management. Unlike the old system, decisions by the current U.N. Dispute Tribunal are binding on the Secretary-General.
Wasserstrom says his U.N. job was eliminated after he reported on colleagues he suspected were taking kickbacks from local officials in Kosovo's energy sector.
He says he was detained by U.N. police, his apartment searched and his office was taped off for months. Posters bearing his picture warned employees not to allow him on to U.N. premises while the mission investigated him for supposed conflict of interest. The U.N. accused Wasserstrom of conflict of interest after he agreed to work as a consultant for the main airport in Kosovo after his job was terminated, but no charges were ever filed and the investigation was later dropped.
It was unclear when the case would be resolved. The two sides were meeting outside of court Friday afternoon, but Dorman said she didn't expect an immediate resolution.
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Thursday, 13 October 2011
BlackBerry Internet Outage Strikes Again While Investors Get Antsy
Oh boy. As if yesterday's BIS outage wasn't bad enough for RIM, it looks like whatever solution they managed to cook up isn't quite doing the trick. Reports of yet another outage have begun to make the rounds, and users in Europe, Africa, and the Middle East are once again unable to browse the web, send emails, or fire off BBM messages.Source: http://feedproxy.google.com/~r/Techcrunch/~3/c1zUFzCjHsE/
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