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October 17, 2011

RIM offers free apps following service interruptions

Filed under: marketing, technology — Tags: , , , — Gladiator @ 2:36 pm

WATERLOO, ONT.

September 14, 2011

Actors, crime victims participate in press inquiry

Filed under: Uncategorized, technology — Tags: , , , — Gladiator @ 11:04 pm

An electic mix of celebrities, crime victims and former police suspects will take part in a judge-led inquiry into the state of Britain’s scandal-tarred press.

Lord Justice Brian Leveson said Wednesday that Harry Potter creator JK Rowling, actors Hugh Grant and Sienna Miller, Formula One boss Max Mosley, the parents of missing girl Madeleine McCann and murdered schoolgirl Milly Dowler will participate.

Leveson has been asked to examine the ethics of the British media and to investigate improper conduct.

The group of around 46 people will give evidence on alleged media intrusion into their private lives.

The inquiry was set up in response to the phone hacking scandal in which journalists at News International are accused of hacking into voice mails.

Source

September 8, 2011

Rogers applies for banking license

Filed under: real estate, technology — Tags: , , , — Gladiator @ 11:20 am

Rogers Communications wants to be your bank, as well as your phone, cable and Internet supplier.

The company says it has applied to the federal government for a banking license.

But Rogers won’t be jostling on for space on prime street corners with the Big Five banks, the company says.

Instead, it will be “primarily focused on credit, payment and charge card services,” said Carly Suppa of Rogers in an email.

“We have no plans to become a full-service deposit-taking financial institution.”

The company hasn’t set a target date for plunging into the financial services sector. In fact, it hasn’t made a final decision.

“The license, if granted, would give us the flexibility to pursue a niche credit card opportunity to our customers should this make sense at a future date,” Suppa said.

In any case, she added, the licensing process is a rigorous one that could take more than a year.

David McVay of McVay and Associates Ltd. said Rogers probably wants to capture a share of the fees generated by credit and debit cards.

When a consumer pays with a credit card, the merchant gets paid about 98 cents on the dollar for the transaction. The other two cents is divided between the card issuer and the clearing house that tracks the payments.

“I suspect they may want to get in the middle of that process to get some of that revenue,” McVay said.

Debit card transactions generate a set fee per transaction, rather than a percentage of the purchase value.

But Rogers may also be looking to new telephone technology that’s just over the horizon, McVay said.

“It may actually relate to the cellphone becoming a payment device. Not far off, you’ll be able to wave your cellphone by a payment terminal and it will debit your account or charge your credit card.”

That, too, will generate fees that Rogers, as a phone company, will want to capture more of.

If that is the goal, McVay warned it’s no slam dunk.

Wal-Mart entered the banking sector so it could issue MasterCards, he said, and has had difficulty winning market share.

“The cards that the banks offer are so rich in rewards right now, there’s not a good reason for consumers to switch,” he said.

“I think it’ll be tough slogging for anybody up against the major banks, because they are very big, and very good.”

That hasn’t deterred some retailers from offering financial services.

Canadian Tire Financial offers a MasterCard, while President’s Choice — a brand carried by grocery chain Loblaw — provides a host of other banking services including credit cards and mortgages. Also read: Are low-fee banks worth it?

10 fees to avoid

With files from the Canadian Press

Source

September 6, 2011

Sam Bradford stars in Charter ads

Filed under: mortgage, technology — Tags: , , , — Gladiator @ 8:24 pm

Rams quarterback Sam Bradford has a new job; appearing in Charter Communications advertisements.

Bradford is featured in print ads and three TV commercials for the cable TV and internet provider.  The commercials strive for a light touch.  In one, a fan asks Bradford to stand back so the fan can take a picture of a Charter truck paydayloans.

Charter recently announced an agreement to carry the NFL Network.

 

Source

August 26, 2011

HK think tank to put Asian angle on global issues

Filed under: finance, technology — Tags: , , , — Gladiator @ 11:04 am

A prominent Hong Kong business family has set up a think tank to look at global economic issues in the latest attempt at developing a world class research institute in Asia that can compete with those in North America or Europe

The Fung Global Institute was established on Thursday and will look at global issues from an Asian perspective as economic power increasingly shifts to the East.

As Asian economies have grown, new think tanks have sprouted in the region. But limits on democracy and free speech in many Asian countries mean few have produced research comparable in quality and influence to counterparts such as the Washington, D.C.-based Brookings Institution, Canada’s Fraser Institute or Britain’s Chatham House.

The Fung Global Insitute said it is recruiting experts from around the globe to provide business leaders and policymakers with research that aims to “help shape and advance international dialogue on Asia’s growing influence on the world economy cash advance payday loan.”

Michael Spence, a 2001 Nobel laureate in economics, will chair the think tank’s academic board.

The institute is set up with an endowment from the Victor and William Fung Foundation _ a charity funded by and named for the two brothers behind trading company Li & Fung Ltd.

The new think tank will look at four main themes, including global supply chains.

Li & Fung Ltd. is one of the biggest suppliers of clothing and other consumer goods sourced in Asia for Western consumers.

Source

August 21, 2011

Mexico’s president becomes TV adventure guide

Filed under: management, technology — Tags: , , , — Gladiator @ 2:12 pm

President Felipe Calderon is figuratively going out on a limb _ and literally down a sinkhole, up a river (with a paddle) and over the top of a few pyramids _ in an attempt to boost Mexico’s flagging tourism industry.

The balding, 49-year-old leader is personally trying to change his country’s violent reputation by appearing as a sort of adventure tour guide in a series of TV programs to be broadcast starting in September on Public Broadcasting Service stations in the United States.

The president dons an Indiana Jones-style hat and a harness and descends a rope into the 1,000-foot-deep (375-meter) Sotano de las Golondrinas cavern, accompanied by Peter Greenberg, host of the “The Royal Tour” TV series. Calderon also straps on scuba tanks to lead Greenberg into a sinkhole lake known as a cenote in Yucatan. And he helps a Lacandon Indian paddle a boat down a river in a jungle in southern Chiapas state.

In the 30-minute videos, Calderon breaks from his image as a lawyerly policy wonk best known for launching a bloody, controversial offensive against drug cartels. He plans to attend a premiere of the show within a few weeks, according to Tourism Department spokesman Roberto Martinez.

“I have other duties that are more dangerous,” Calderon jokes, dangling midair in a cavern as a rope lowers him hundreds of feet to the bottom. The site is in the Gulf coast region of Mexico known as the Huasteca, which is covered in jungle and dotted with caverns, waterfalls and crystalline pools.

Calderon swaps the explorer hat for a helmet with a headlamp for the descent into the Golondrinas cave, named for the huge flocks of birds that live inside. Calderon also appears in underwater footage from the stalactite-studded cenote in Yucatan, where he flashes the camera an “OK” signal from behind his dive mask.

Analysts say the videos represent a distinct break from the solemn treatment that has long characterized the Mexican presidency but fit in with Calderon, who has emphasized using the media to get his message across, and who has sought to project a forceful image.

“That’s always been his objective, the whole macho thing,” said John Ackerman, of the legal research institute at Mexico’s National Autonomous University. In 2007, soon after putting the army on the front line of his offensive against drug cartels, Calderon departed from presidential tradition by putting on an olive-green army jacket that was a few sizes too big for his short frame, an image that has been widely lampooned in newspaper cartoons ever since.

“From the very beginning, using the military uniforms and saluting, it’s always been his kind of thing,” Ackerman said. “It doesn’t quite fit with his physical appearance.”

Drawing criticism, Calderon’s administration took the image-building a step further this year by funding a privately produced television miniseries glorifying the federal police, which was broadcast by the country’s largest network. On Friday, the navy told local news media that it is letting private producers use navy locations to make a miniseries about the force, but that the navy is not financing any of the production no fax payday loans.

Calderon’s message in the latest videos is that Mexico is safe for tourists.

“This is part of a strategy to promote the country abroad,” said Martinez.

Nobody argues that Mexico’s tourism needs a boost. According to the country’s central bank, overall foreign tourism in 2010, not including border-area visitors, was still 6.3 percent below 2008 levels, and the first half of 2011 saw a 2 percent decline from the same period of 2010.

Cruise ship visits in the first half of the year declined 9.3 percent, after several cruise lines canceled Pacific port calls in Mazatlan and Puerto Vallarta.

Analysts blame the drops on the world economic downturn hitting many countries’ travel industries, but also pointed to Mexico’s drug violence, which has claimed between 35,000 and 40,000 lives since Calderon took office in late 2006.

While foreign tourists have not been targets of the violence, a point Calderon is eager to make, it has had some undeniable effects. For example, the border highway that many U.S. visitors once used to travel to the Huasteca region where Calderon went cave-diving is now considered so plagued by highway holdups and shootings that the U.S. State Department has issued warnings about traveling there.

The Huasteca remains a beautiful and largely safe region, but most tour operators recommend foreigners fly to a nearby Mexican airport rather than drive down from the border.

Some argue that Calderon’s stint as a television travel guide might be ill-advised, both because it compromises the dignity of the presidency and comes just months before campaigning opens for the 2012 elections to choose his successor.

Mario di Costanzo, a congressman for the leftist Labor Party, says he has requested information on how much Mexico spent to film the series. Calderon’s office said the videos’ U.S. producers paid production costs on the trips, but Mexican presidential and military helicopters can be seen ferrying the ‘presidential tourists’ around.

“We are questioning the legality of the president’s actions,” Di Costanzo said. “Never in the history of the country has the image of the president been used to promote tourism.”

“We see this as a promotion of Felipe Calderon’s own image, for the benefit of his own party, rather than an institutional image of the country as a tourism destination,” Di Costanzo noted.

Greenberg has previously traveled with the king of Jordan, the president of Peru, and the prime ministers of New Zealand and Jamaica on similar programs.

Congresswoman Leticia Quezada of the Democratic Revolution Party said her party objects to Calderon using government vehicles and personnel for the series, and said he has been spending too much time and money on television.

“We’re going to start calling him Felipe Calderon Productions,” she quipped.

Source

August 16, 2011

Germany economy grew only 0.1 pct in Q2

Filed under: houses, technology — Tags: , , , — Gladiator @ 5:24 pm

Germany’s economic growth more or less ground to a halt in the second quarter, in another downbeat sign for the global economy.

Its quarterly growth of only 0.1 percent was way below market expectations for a 0.5 percent increase, and follows hard on the heels of similarly disappointing readings for France and the United States.

Until now Germany’s economy, Europe’s biggest, had been growing strongly as its world-renowned companies tapped export markets all around the world, particularly in faster-growing emerging countries. Its industrial prowess had in many ways cushioned it from a government debt crisis that’s afflicting the 17 countries that use the euro.

Germany’s state statistical agency said Tuesday that lagging consumer spending and construction investment were largely behind the growth slowdown in the April-June period.

As well as being below expectations, the second-quarter figure was way down on the 1.3 percent growth recorded in the first quarter, when the economy was boosted by strong exports of cars and industrial machinery. That figure itself was revised down from 1.5 percent in earlier releases.

Top German corporate executives have cautioned that growth could be less impressive in the second half of the year due to volatile raw material prices and economic and financial turmoil over the heavy levels of government debt in Europe and the U.S.

The second-quarter figure looked better compared with the same quarter a year ago, rising 2.7 percent.

Slowing growth in Germany weighs on overall growth in the eurozone. A slowdown in the zone’s biggest country would give the European Central Bank more reason to avoid more interest rate increases this year. Analysts said the German figures may mean that eurozone economic growth for the quarter _ due later _ could well be below the 0.3 percent forecast.

“The weak data for Germany follow recent numbers showing zero growth in France in the second quarter, and raises concerns that the euro area’s hitherto strong core countries are undergoing a much deeper than previously thought soft-patch,” said Chris Williamson, chief economist at financial information company Markit.

It’s not just Europe that’s slowed down. The U.S. economy is growing at a far slower rate than previously thought while figures Monday showed Japan contracted further in the second quarter in the wake of March’s devastating earthquake and tsunami.

Source

July 26, 2011

Nissan announces $8 billion China expansion

Filed under: news, technology — Tags: , , , — Gladiator @ 3:16 pm

Nissan announced an $8 billion expansion plan for China on Tuesday as part of a global strategy to focus on faster-growing emerging markets and reduce reliance on the United States.

Nissan’s plan with its local partner, Dongfeng Group, calls for opening new factories to meet surging demand and introducing 30 new models by 2015. They include a China-produced electric car to be sold under the low-priced Venucia brand that Nissan Motor Co. is creating for the Chinese market.

“China is key to our total growth,” said Nissan CEO Carlos Ghosn at a news conference.

Global automakers are looking to China, the biggest auto market by number of vehicles sold, to drive revenue amid weak demand elsewhere. Auto sales in China jumped 32 percent last year to 18 million vehicles, defying global economic malaise.

Nissan hopes to nearly double its annual sales in China to 2.3 million vehicles by 2015, up from 1.3 million last year, Ghosn said.

The Japanese automaker was a latecomer to the Chinese market but has succeeded with a wide range of offerings, from Infiniti luxury models to the cheaper Venucia brand, said Masataka Kunugimoto, auto analyst at Nomura Securities Co.

“Nissan has scored great success in China,” he said. “Its key strategy in recent years has focused on strengthening its lineup and presence in China.”

Ghosn said Nissan’s China expansion is part of an effort to expand in faster-growing markets. It includes new factories and other initiatives in Russia, Brazil, India and Southeast Asia.

“We used to be extremely dependent on one market _ it was the U.S. market,” said Ghosn, who also heads Nissan’s alliance partner Renault SA of France.

The global strategy is “moving Nissan from too much dependence on one region to depending on different pillars and different regions,” he said.

Nissan’s ambitions reflect a broader trend among global automakers, which are creating models for China or incorporating Chinese tastes into global designs. General Motors Co. also has launched its own low-cost China brand, Baojun.

Ghosn said Nissan wants to expand its China market share from 6.2 percent today to 10 percent by 2015. He said its market share has eroded because its factories cannot meet demand despite operating at full capacity.

“I’m afraid that even with the capacity we announced today, we might be short,” he said.

Ghosn said plans to produce an electric car in China were driven both by expected strong demand buttressed by government promises of subsidies to buyers and other support for clean vehicles and by explicit pressure from Beijing on automakers.

The government has told producers “new energy cars should be under a Chinese brand,” he said.

The first Venucia model is due to go on sale next year.

Nissan plans to export about 40,000 Chinese-made vehicles next year to South Asia, Latin America and other developing markets, Ghosn said. He said that should rise to 80,000 by 2015 but exports would be a small share of production because Nissan needs to meet strong domestic demand.

All development of Venucia-brand vehicles will be carried out in China, where Nissan has a design studio in Beijing and 3,500 employees in research and development. Ghosn said that staff should grow to 6,000 in five years.

Nissan’s plans call for building a new factory in the eastern city of Changhzhou in Jiangsu province.

Another factory for passenger vehicles is due to open next year in Guangzhou in southern China, where Nissan already has one factory. A factory for commercial vehicles is slated to open this year in Shiyan, a city southwest of Shanghai in Hubei province.

Nissan also plans to expand its sales network in China from 1,400 dealerships to 2,400 by 2015, Ghosn said.

Source

July 10, 2011

Australia to tax nation’s worst polluters

Filed under: finance, technology — Tags: , , , — Gladiator @ 9:56 am

Australia will force its 500 worst polluters to pay 23 Australian dollars ($25) for every ton of carbon dioxide they emit, with the government promising to compensate households hit with higher power bills under a plan to reduce greenhouse gas emissions unveiled Sunday.

Prime Minister Julia Gillard sought to reassure wary Australians that the deeply unpopular carbon tax will only cause a minority of households to pay more and insisted it is critical to helping the country lower its massive carbon dioxide emissions. Australia is one of the world’s worst greenhouse gas polluters, due to its heavy reliance on coal for electricity.

“We generate more carbon pollution per head than any other country in the developed world,” Gillard told reporters in Canberra as she released details of the tax, which will go into effect on July 1, 2012. “We’ve got a lot of work to do to hold our place in the race that the world is running.”

The government hopes businesses affected by the tax will seek out clean energy alternatives to reduce their bills. The affected companies will have to pay AU$23 per metric ton of carbon, with the price rising 2.5 percent a year until 2015, when the plan will move to a market-based emissions trading scheme.

The carbon tax is the government’s main tool in meeting its pledge to reduce Australia’s greenhouse gas emissions by the year 2020 to at least 5 percent below 2000 levels. By then, the tax will have helped reduce carbon pollution by 160 million metric tons _ the equivalent of taking 45 million cars off the road, Gillard said.

Critics of the plan say Australian households will be unfairly burdened by higher costs passed onto them by the big polluters. To help compensate for the higher bills, nine out of 10 households will receive some kind of assistance in the form of income tax cuts and payments. Two-thirds of all households will receive enough assistance to cover the entire financial impact of the tax, Gillard said.

Under the plan, the average household will see its costs increase by AU$9.90 a week, which includes an additional AU$3.30 per week for electricity and another AU$1.50 a week for gas. But the government says on average, households will receive AU$10.10 a week in assistance.

Industries affected by the change will get AU$9.2 billion in compensation over the next three years, with the worst-hit businesses expected to be steel and aluminum manufacturers.

Conservative opposition leader Tony Abbott, an outspoken critic of the plan, insisted it will drive up the cost of living for millions of Australians and will do nothing to help the environment.

“It’s socialism masquerading as environmentalism,” Abbott told reporters. “It’s a package which is all economic pain for no environmental gain.”

Environmental groups were cautiously optimistic about the scheme.

“This package is not perfect, but it is absolutely essential Australia gets started,” Australian Conservation Foundation executive director Don Henry said in a statement.

Greenpeace said the package was a good start, but believes the price per ton of carbon should be higher.

“The fact that we have any price at all is testament to all Australians who demanded the government take action on climate change,” Greenpeace Australia Pacific CEO Linda Selvey said in a statement. “But equally, the fact it is such a low price, with such limited coverage is testament to the power of the big polluters to dominate Australia’s political leadership.”

Source

June 22, 2011

Missouri attorney general sues area butcher

Filed under: business, technology — Tags: , , , — Gladiator @ 9:27 am

ST. LOUIS

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