Wednesday, October 31, 2012

How The Internet Is Re-Wiring Our Brains | Home Wealth Project

Check out this look into the ways the Internet actually changes our brain structure. Sort of scary.

Facebook Psychology
Source: www.bestmastersinpsychology.com

According the graphic, which lists several reputable sources here are some of the more crazy facts:

- The average attention span of Americans has gone from 12 seconds to 8 seconds in only a decade
- People who have been using the Internet for a while appear to have a fundamentally altered pre-frontal cortex
- Internet signals (like that little red thing in Facebook) trigger dopamine responses related to love and sex, causing us to come back for more
- The average person sits in front of a screen 8.5 hours per day

Just one more reason to step away from the screen and get out of that non-stop digital hum.


View full post on Business Pundit

Source: http://homewealthproject.com/all-posts/home-and-small-business/business-trends-home-business-and-small-business/how-the-internet-is-re-wiring-our-brains/

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Monday, October 29, 2012

Megastorm could wreak havoc across 800 miles of US

Surf store workers Fletcher Birch, left, and Jay Kleman board up the windows of the store in Ocean City, Md. on Saturday, Oct. 27, 2012 as Hurricane Sandy approaches the Atlantic coast. (AP Photo/Jose Luis Magana)

Surf store workers Fletcher Birch, left, and Jay Kleman board up the windows of the store in Ocean City, Md. on Saturday, Oct. 27, 2012 as Hurricane Sandy approaches the Atlantic coast. (AP Photo/Jose Luis Magana)

Store workers Fletcher Birch, right, and Jay Kleman finish boarding up the windows on a surf store in Ocean City, Md. on Saturday, Oct. 27, 2012 as Hurricane Sandy approaches the Atlantic coast. (AP Photo/Jose Luis Magana)

Sawdust flies in the air as Brian Rogers, left, cuts a board with a circular saw, as he and Dwayne Wallace board up an AT&T store in Rehoboth Beach, Del. on Saturday, Oct. 27, 2012 as Hurricane Sandy approaches the east coat. (AP Photo/Alex Brandon)

A marina worker rinses off a fishing boat pulled out from the Indian River at the Indian River Marina in Delaware, Md. on Saturday, Oct. 27, 2012 as Hurricane Sandy approaches the Atlantic coast. (AP Photo/Jose Luis Magana)

Dwayne Wallace, left, and Brian Rogers board up an AT&T store in Rehoboth Beach, Del. on Saturday, Oct. 27, 2012 as Hurricane Sandy approaches the east coat. (AP Photo/Alex Brandon)

SHIP BOTTOM, N.J. (AP) ? Forget distinctions like tropical storm or hurricane. Don't get fixated on a particular track. Wherever it hits, the behemoth storm plodding up the East Coast will afflict a third of the country with sheets of rain, high winds and heavy snow, say officials who warned millions in coastal areas to get out of the way.

"We're looking at impact of greater than 50 to 60 million people," said Louis Uccellini, head of environmental prediction for the National Oceanic and Atmospheric Administration.

As Hurricane Sandy trekked north from the Caribbean ? where it left nearly five dozen dead ? to meet two other powerful winter storms, experts said it didn't matter how strong the storm was when it hit land: The rare hybrid storm that follows will cause havoc over 800 miles from the East Coast to the Great Lakes.

Governors from North Carolina, where steady rains were whipped by gusting winds Saturday night, to Connecticut declared states of emergency. Delaware ordered mandatory evacuations for coastal communities by 8 p.m. Sunday.

New Jersey Gov. Chris Christie, who was criticized for not interrupting a vacation in Florida while a snowstorm pummeled the state in 2010, broke off campaigning for Republican presidential nominee Mitt Romney in North Carolina on Friday to return home.

"I can be as cynical as anyone," said Christie, who declared a state of emergency Saturday. "But when the storm comes, if it's as bad as they're predicting, you're going to wish you weren't as cynical as you otherwise might have been."

Eighty-five-year-old former sailor Ray Leonard agreed. And he knows to heed warnings.

Leonard and two crewmates in his 32-foot sailboat, Satori, rode out 1991's infamous "perfect storm," made famous by the Sebastian Junger best-selling book of the same name, before being plucked from the Atlantic off Martha's Vineyard, Mass., by a Coast Guard helicopter.

"Don't be rash," Leonard said Saturday from his home in Fort Myers, Fla. "Because if this does hit, you're going to lose all those little things you've spent the last 20 years feeling good about."

Sandy weakened briefly to a tropical storm Saturday but was soon back up to Category 1 strength, packing 75 mph winds. It was about 260 miles (420 kilometers) south-southeast of Cape Hatteras, N.C., and moving northeast at 13 mph as of 5 a.m. Sunday, according to the National Hurricane Center in Miami.

The storm was expected to continue moving parallel to the Southeast coast most of the day and approach the coast of the mid-Atlantic states by Monday night, before reaching southern New England later in the week.

It was so big, however, and the convergence of the three storms so rare, that "we just can't pinpoint who is going to get the worst of it," said Rick Knabb, director of the National Hurricane Center in Miami.

Officials are particularly worried about the possibility of subway flooding in New York City, said Uccellini, of NOAA.

New York Gov. Andrew Cuomo told the Metropolitan Transportation Authority to prepare to shut the city's subways, buses and suburban trains. The city closed the subways before Hurricane Irene last year, and a Columbia University study predicted that an Irene surge just 1 foot higher would have paralyzed lower Manhattan.

Up and down the Eastern Seaboard and far inland, officials urged residents and businesses to prepare in ways big and small.

On Saturday evening, Amtrak began canceling train service to parts of the East Coast, including between Washington, D.C., and New York. Airlines started moving planes out of airports to avoid damage and adding Sunday flights out of New York and Washington in preparation for flight cancellations on Monday.

The Virginia National Guard was authorized to call up to 500 troops to active duty for debris removal and road-clearing, while homeowners stacked sandbags at their front doors in coastal towns.

"You never want to be too naive, but ultimately, it's not in our hands anyway," said Andrew Ferencsik, 31, as he purchased plywood and 2-by-4 lumber from a Home Depot in Lewes, Del.

Utility officials warned rains could saturate the ground, causing trees to topple into power lines, and told residents to prepare for several days at home without power.

President Barack Obama was monitoring the storm and working with state and locals governments to make sure they get the resources needed to prepare, administration officials said.

In North Carolina's Outer Banks, a group of about 20 people was forced to wait out the storm on Portsmouth Island, a former fishing village that is now uninhabited and accessible only by private ferry.

"We tried to get off the island and the ferry service shut down on us," said Bill Rowley, 49, of Rocky Mount, N.C.

Rowley said he could see 15-foot seas breaking over the island's dunes, enough to bring water to the island's interior.

"We'll be inundated and it'll probably be worse tomorrow," he said.

In New Jersey, hundreds of coastal residents started moving inland. Christie's emergency declaration will force the shutdown of Atlantic City's 12 casinos for only the fourth time in the 34-year history of legalized gambling here. City officials said they would begin evacuating the gambling hub's 30,000 residents at noon Sunday, busing them to mainland shelters and schools.

The storm also forced the presidential campaign to juggle schedules. Romney scrapped plans to campaign Sunday in Virginia and switched his schedule for the day to Ohio. First lady Michelle Obama canceled an appearance in New Hampshire for Tuesday, and Obama moved a planned Monday departure for Florida to Sunday night to beat the storm. He also canceled appearances in Northern Virginia on Monday and Colorado on Tuesday.

___

Breed reported from Raleigh, N.C. Contributing to this report were AP Science Writer Seth Borenstein in Washington; Emery Dalesio in Kill Devil Hills, N.C.; Karen Matthews and Samantha Bomkamp in New York; Randall Chase in Lewes, Del.; and Nancy Benac in Washington.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-10-28-Superstorm/id-7aec7d9a0ffa47248c1d1036a0b21ba5

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Wednesday, October 10, 2012

LISTEN: Taylor Swift Sings About Another Breakup!

Inquiring minds would love to know: Which one of Taylor Swift's ex-boyfriends did she know was trouble from the start?

Source: http://www.ivillage.com/taylor-swift-debuts-i-knew-you-were-trouble/1-a-492865?dst=iv%3AiVillage%3Ataylor-swift-debuts-i-knew-you-were-trouble-492865

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PFT: Fujita rips Goodell? |? Players will keep fighting

Rex RyanAP

This morning, Jets owner Woody Johnson made a clear commitment to starting quarterback Mark Sanchez.? Johnson also said quarterback Tim Tebow will be with the team for three years, the balance of his rookie deal.

This afternoon, coach Rex Ryan indirectly but unmistakably disputed Johnson?s account, as to both players.

As to Sanchez, Ryan said the fourth-year starter will remain the starter.? But Ryan wasn?t nearly as clear about the future as Johnson was regarding Sanchez.

?A lot of things can happen,? Ryan said, via Manish Mehta of the New York Daily News.? ?And I?m not going to deal with what ifs because . . . I?m telling you right now [that] he?s our starting quarterback this week, barring injury.? And things happen.? I feel really confident in Mark. . . .? I?ve never wavered on him.?

Ryan revisited the issue later in the media session.? ?He?s our starter.? What do you want me to say?? Ryan said.? ?He?s our starter.? He?s our starter this week. He?s our starter.?

The key words seem to be ?this week,? and the reason for Ryan?s reluctance to give an open-ended commitment to Sanchez is obvious.? Even if the team doesn?t plan to bench a guy, sometimes the threat of benching a guy helps get the most out of him.

It?s a tactic that Ryan has used twice in the past two years.? And Ryan admitted to it in his 2011 book, Play Like You Mean It.

?I started giving our backup quarterback, Mark Brunell, more snaps in practice just to let Sanchez know I wasn?t kidding around,? Ryan wrote regarding a rough spot Sanchez hit in 2010.? ?Now, it got Sanchez?s ass going sideways a little bit.? He wasn?t happy at all.? When he was in my office, he was pouting a little about it, but I could give less than two shits about that.?

As to Tebow, Ryan also was less absolute than Johnson regarding the question of whether Tebow will be on the team for three years.

?When we traded for Tim, we understood his contract situation,? Ryan said.? ?We brought him in because we think Tim?s a good football player.? With that being said ? and this goes for any player ? we think the guys will be with us throughout the length of the contract, but if, you know . . . there?s no guarantee there that if there?s , you know, whatever, an opportunity to help your football team. . . .? If we see fit . . . whatever?s in the best interest of our team. . . .? I guess no player is totally guaranteed that they?ll be there.? But clearly he?s a guy that we thought a lot of and that?s why we traded for him.? And still think a lot of.?

Ryan surely can?t think a lot of Johnson making commitments that don?t mesh with the strategic objectives of the football operation, and that?s one of the reasons why some teams insist on having only ?one voice? speak for the franchise.? Since the ?once voice? approach likely isn?t practical in this day and age, the folks who do the talking for a team need to be equipped at all times with comprehensive talking points ? and they need to know how to stick to them.

Source: http://profootballtalk.nbcsports.com/2012/10/10/fujita-goodell-is-the-one-committing-conduct-detrimental-to-the-nfl/related/

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Russia's singing granny finds her father's grave

MOSCOW (AP) ? To find her father's World War II grave, Natalya Pugachyova had to become a celebrity.

She is one of the Buranovskiye Babushki, a group of singing grandmothers who ended up second at this year's Eurovision Song Contest with their catchy tune sung in the Udmurt language, a distant relative of Finnish. As the oldest and smallest member of the group, the 76-year-old Pugachyova became a star of the pan-European contest, whose millions of devoted fans love its kitschy fun.

Her newfound fame helped her find the grave of her father, who disappeared while fighting the Nazis in 1942.

At a press conference she mentioned her father, Yakov Begeshev, who disappeared when she was 6 years old. The last letter they received from him came during a battle in the Voronezh region south of Moscow, which he described as being so fierce that he was unlikely to survive.

Nearly 27 million Soviet soldiers and civilians died in World War II, and tens of thousands are still listed as missing. War enthusiasts roam the forests and swamps of western Russia in search of the remains of soldiers and their aluminum dog tags that identify them.

Nina Geryusheva of the Bailiffs Service in the musical group's native Russian region of Udmurtia said its volunteers set out to find Pugachyova's missing father. After a lot of phone calls and official requests, they were able to identify the mass grave where he was buried.

"To say she was surprised is to say the least," Geryusheva said by telephone.

Russian state television showed Pugachyova's visit over the weekend to the village of Malaya Vereika in the Voronezh region, where she saw her father's name among those engraved on memorial walls at the mass grave.

"Even I sobbed," Pugachyova said. "So many years, so many winters, I didn't know."

Pugachyova brought a handful of soil from her mother's grave to mix with that of her father's, and took a handful back to do the same at her mother's grave.

That way, her parents could be together.

Source: http://news.yahoo.com/russias-singing-granny-finds-her-fathers-grave-145320582.html

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50 Shades of Grey Gets a Writer

50 Shades of Grey Movie

The kinky erotic pop phenomenon 50 Shades of Grey has finally landed ? or shall we say, tied down ? a writer! British actress/scribe Kelly Marcel, who co-created the short-lived Steven Spielberg-produced series Terra Nova and scripted the upcoming Mary Poppins pic Saving Mr. Banks, will adapt E.L. James' S&M romance about a young woman who falls for Christian Grey, a damaged dreamboat with a bondage fetish.

Marcel's a surprise choice for the hot property given her relatively scant writing credits; here's hoping her script keeps all the salaciously sexy allure of the books, which will be one of the bigger challenges Universal and Focus face with their big-screen adaptation.

One hurdle: Making a 50 Shades of Grey movie that's half as great as this fan-made trailer:

Oh, man. Never gets old.

Once a script's in place, the next trick will be casting their perfect Christian Grey. Someone not too old, not too young, the picture of male perfection and virility. An actor capable of pulling off both brute sensual dominance and crippling emotional trauma. A dude who knows how to wear a suit.

Well, Marcel did co-found a theater company with Tom Hardy after the two worked together on Nicholas Refn's Bronson, which she re-wrote. (Another fun fact: Dad Terry Marcel wrote and directed 1980's Hawk the Slayer.) Maybe she can make a phone call... who's down with casting Tom Hardy as Christian Grey?

The official press release:

UNIVERSAL CITY, CA, October 8, 2012?Universal Pictures and Focus Features today announced that Kelly Marcel will write the screenplay to the highly anticipated film adaptation of ?Fifty Shades of Grey.? Michael De Luca and Dana Brunetti will produce the film based on E L James? #1 bestselling book, alongside James. The announcement was made by Universal Pictures Co-Chairman, Donna Langley and Focus Features? Chief Executive Officer, James Schamus.

Marcel wrote the 2011 Black List script, Saving Mr. Banks, the story of Walt Disney?s twenty-year pursuit of the film rights to author P.L. Travers? novel, ?Mary Poppins,? and the rocky relationship that formed between the two. The film is currently in production at Walt Disney Studios starring Tom Hanks, Emma Thompson and Colin Farrell with John Lee Hancock directing. Marcel served as the co-creator and executive producer of the Amblin/FOX-TV series Terra Nova, for which she wrote the series? pilot episode. She will also produce The Madonnas Of Echo Park for HBO.

?Kelly?s work demonstrates her flawless structural technique and passionate commitment to emotion, humor and depth of character which is particularly visible in the celebrated screenplay for the upcoming Saving Mr. Banks,? said De Luca. ?We were all taken with the depth and passion of Kelly?s engagement with the characters and world E L James has created, and we knew she was the right person to augment our Fifty Shades family,? added Brunetti.

Universal Pictures and Focus Features acquired the rights to the three books in the ?Fifty Shades of Grey? trilogy in March of this year. Focus Features will market and distribute the first film in partnership with Universal. ?Fifty Shades of Grey? has become a global phenomenon and the trilogy has been translated in 45 languages worldwide since its release. In the U.S. alone, the ?Fifty Shades? trilogy has sold over 32 million copies in e-book and print, making it one of the fastest selling book series ever.

?Fifty Shades of Grey? follows the relationship of 27-year-old billionaire Christian Grey and college student Anastasia Steele. Subsequent novels in the series, ?Fifty Shades Darker? (September 2011) and ?Fifty Shades Freed? (January 2012) explore the couple?s deepening relationship. For more information please see the official Fifty Shades of Grey Facebook page: http://www.facebook.com/fiftyshadesofgreymovie.

Marcel was represented in the deal by WME and Casarotto Ramsay & Associates Limited.

[Deadline]

Source: http://www.rottentomatoes.com/m/1926036/news/1926036/

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City News: City's Finance Department Announces Changes in ...

The City of Richmond?s Finance Department is filling five key positions in the month of October while also enhancing its revenue collection strategies. A number of technology upgrades are expected to improve customer service and heighten customer outreach.

Sharon Judkins, the deputy chief administrative officer for Finance and Administration, stated, ?For the past six months, I?ve been focused on rebuilding and restructuring the city?s finance operation. With these appointments, we are well on our way to making necessary improvements.? Positions being filled include Deputy Director II (10/22), Marlo Von Kemp; Deputy Director I (10/15), Paul Jez; Controller (10/8), Alvin Cannon; Economist (10/15), Michael Gilbert; and Business Management Officer (10/8) Muhammed Owusu.

A focus has been placed on revenue collection strategies and improving data integrity.? Steps being taken include (1) pre-billing notices to taxpayers, affording an opportunity to verify and clarify data, (2) more frequent file comparisons with the State Department of Motor Vehicles files, (3) address verification with third party databases, (4) timelier processing of returned mail and posting of credit balances. An upgrade of the billing systems software is expected to enhance timeliness of the billing process. The Department has retained the services of two new outside collection agencies to assist with the collection of delinquent accounts while continuing to use the services of collection attorneys.

?Ms. Judkins is proving to be the tremendous resource and showing the leadership that I envisioned when she was brought on board in March. Aside from getting key positions filled, I?m also looking for improved customer service and customer outreach,? said Mayor Dwight C. Jones.

More than 70 new computers have been installed to improve the response time of desktop equipment, and new software has been installed in the customer billing system to improve functionality. Finance related calls to the city?s 311 Call Center are being realigned with the goal of improving customer care.

Judkins explained, ?We still have more to do in the customer care area and plan to create a number of informational brochures and resources to assist taxpayers with information related to city taxes and other finance matters. We also plan to do a great deal of direct outreach in each council district as well as through all public communications mediums available for our use.?

Key upcoming dates that city taxpayers should be aware of include:

Motor Vehicles Pre-billing????????????????????????????????????????????????? 11/1/12

Admission, Lodging & Meals Tax?????????????????????????????????????? 20th of each month

Real Estate billing (1st half)?????????????????????????????????????????????? 11/30/12

Business, Professional & Occupational License??????????????? 3/1/13

Business Property Returns??????????????????????????????????????????????? 3/1/13

Tax Relief Applications?????????????????????????????????????????????????????? 3/30/13

Motor Vehicle Tax?????????????????????????????????????????????????????????????? 5/1/13

Business Property Billings???????????????????????????????????????????????? 5/1/13

Real Estate Billing (2nd Half)???????????????????????????????????????????? 6/14/13

Delinquent billings on all tax types will take place throughout the year when original due dates are missed.

Source: http://richmondvaannouncements.blogspot.com/2012/10/citys-finance-department-announces.html

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Tuesday, October 9, 2012

Draghi says Greece must do more on reforms

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Monday, October 8, 2012

Indianapolis symphony cancels 5th week of concerts

INDIANAPOLIS (AP) ? The Indianapolis Symphony Orchestra is canceling a fifth week of concerts as contract negotiations with the musicians union remain deadlocked.

The orchestra's management locked out its some 80 musicians in early September after the previous contract expired. Orchestra officials announced late Sunday that concerts scheduled for Friday and Saturday were being called off.

The two sides are split over a push by management to cut salaries and shorten the symphony's current year-round schedule because of shortfalls in private donations and other revenue. The latest proposal would cut base musician pay by about one-third to $53,000 a year.

The Indianapolis Star reports (http://indy.st/WGPPxN ) more than 1,000 people attended a musicians-organized concert Sunday at the Palladium in Carmel, with some of the ticket sales going to the Indianapolis-based New World Youth Orchestras.

___

Information from: The Indianapolis Star, http://www.indystar.com

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-10-08-Indianapolis%20Symphony/id-cf65204a53124f56be4321d0b04d69d1

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Samsung Galaxy Note II review

Samsung Galaxy Note II review

Samsung's first crack at a smartphone larger than five inches came last year in the form of the Galaxy Note. It was wildly different than most phones we'd seen before: it was massive, for one, and involved the use of a stylus pen, a sorely outdated concept at the time. Who would be willing to buy this thing? Yet, despite its enormous size, this tablet / phone (forgive us: phablet) captured more hearts and wallets than even Sammy had probably expected. The S Pen showed that it was more than just a simple stylus, artists and tech enthusiasts alike loved it and a successful marketing campaign helped push millions of units. The Note was an undeniable hit.

Did Samsung realize at the time that it was sitting on a gold mine? It's hard to know for sure, but its success meant only one thing: an inevitable sequel. The Galaxy Note II, introduced a year after its parent, has some big shoes to fill. We believe it's up to the task, though: it boasts a quad-core Exynos processor, twice the RAM, an even larger display and a whole new bag of S Pen tricks. It sounds compelling, but does the new version truly trump the old? Is it worth another sound investment (pricing varies, but it starts around £530 for a SIM-free version) just a year down the road? We'll satisfy your curiosity after the break.

Continue reading Samsung Galaxy Note II review

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Samsung Galaxy Note II review originally appeared on Engadget on Mon, 08 Oct 2012 09:20:00 EDT. Please see our terms for use of feeds.

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Tuesday, October 2, 2012

Craig's dogs have their day | Sunshine Coast Pets | Animal and Dog ...

AS ROD Stewart once sang, every picture tells a story.

Amber Grant, 12, with her superdog Bella.

Contributed

AS ROD Stewart once sang, every picture tells a story. The latest book by photographer Craig Holmes, Dogs and their Families, proves that beyond doubt.

Craig's pictures capture the inner sanctums of the animal world and animal and human relationships light up the pages.

The book will be launched at The J in Noosa Junction on Thursday between 6pm and 8pm.

Sadly, Craig lost his beloved dog after 17 years of mateship and recently adopted Tess from the RSPCA's Noosa Shelter. He told the RSPCA this was the inspiration for the book, and part of the proceeds from the book will go to the organisation.

"We feel immensely humbled by this gesture," RSPCA spokesman Michael Beatty said. "Dogs and their Families showcases the extraordinary bond between families and their pets and highlights the joy that pets can bring, not just to their own families, but the community as a whole.

"The Sunshine Coast provides the postcard perfect backdrop for the photos and the RSPCA is ever grateful to the people of the Coast who consistently support our Noosa shelter."

The foreword to the book is written by writer and broadcaster Phillip Adams, who says: "To me dogs are the supreme beings. Not for nothing is the word dog god backwards.

"They are almost invariably affectionate, loyal, intelligent, funny. They teach us so much. Mainly how to live in the moment."

Mr Beatty said the book was more than a collection of wonderful photos.

"It is a testament to the incredible talent of Craig and the poignant personalities of his subjects," he said.

?

Dogs and their Families book launch

When: 6pm to 8pm Thursday, October 4

Where: The J, 60 Noosa Dve, Noosa Junction

Phone 0402 298 156 or email info@craigholmes.com.au

Pre-ordered books will be available for collection

Visit dogsandtheirfamilies.com.au.

Source: http://www.sunshinecoastdaily.com.au/story/2012/10/02/craigs-dogs-have-their-day-sunshine-coast/

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Monday, October 1, 2012

Spain's Popular resists state aid with 2.5 billion euro share issue

MADRID (Reuters) - Spanish bank Popular said on Monday it aims for a 2.5 billion euro ($3.22 billion) share issue by mid-November and will scrap its October dividend to shore up capital and avoid taking funds from a euro zone bailout for the country's banks.

Popular, Spain's sixth biggest bank by assets, was flagged on Friday in an audit of the country's banking sector as needing an extra 3 billion euros in capital in case of a serious economic downturn.

Popular shares sank 9 percent after it said it would not take rescue funds, but other Spanish banking stocks rose on Monday after the publication of the audit removed uncertainty from the sector.

The stress test by consulting firm Oliver Wyman put the extra capital needs of 14 Spanish banks tested at 59.3 billion euros, below the 100 million euro credit line Spain agreed with the euro zone in July to clean up the banking sector.

Many Spanish banks became saddled with repossessed property after a building bubble burst in 2007 but there has also been a steep rise in bad loans from other sectors of the economy which is in a deep recession.

Spain has said it would need 40 billion euros of the euro zone aid since some banks could meet part of the extra capital needs themselves.

"We expect to launch the share increase in the next five weeks, probably by mid-November," Popular's Chief Financial Officer Jacobo Gonzalez-Robatto told a conference call with analysts on Monday after announcing the capital raising plan.

Popular needs to reduce its capital shortfall to around 2 billion euros by December if wants to avoid a public capital injection in the short term.

The Wyman report said Popular's estimated capital needs were based on an adverse scenario in which the economy contracts more sharply than economists currently forecast.

Popular, one of seven banks that failed the stress tests, is not planning to merge or acquire another bank in the near future, Gonzalez-Robatto said.

Of the seven banks that need capital, four of them have already been taken over by the state. Bankia , Spain's biggest failed bank, was seen needing almost 25 billion euros of capital in a stressed scenario.

Banco Mare Nostrum, which the audit showed needing 2 billion euros in capital, said on Friday it would sell assets to reduce needs by 1 billion euros. Banco Mare Nostrum and Popular had been in talks for a merger, but the government said on Friday it would not promote tie-ups between weaker banks.

Another bank with capital needs, a three way merger known as Liberbank-Ibercaja-Caja3, said it would put soured assets into a "bad bank" the government is setting up as part of the conditions for receiving European aid for the banks.

Popular said it would form its own asset management company to handle toxic assets left over from Spain's property market crash four years ago.

Popular said it would not pay its October dividend, but hoped to maintain plans for a 50 percent payout in 2013.

The bank's shares were suspended on Monday morning after the share issue announcement. When they began trading again they fell 9.11 percent to 1.547 euros per share. ($1=0.7773 euros)

(Writing by Sarah Morris; Editing by Fiona Ortiz and Anna Willard)

Source: http://news.yahoo.com/spains-popular-resists-state-aid-2-5-billion-103926248--finance.html

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Will Mobile's Massive Growth Ever Equal Real ... - Advertising Age

Three years ago Andy Wasef, head of mobile and emerging platforms at media agency MEC, sat on a panel exploring how to drive mobile ad growth. He issued a charge to his fellow panelists -- executives at ad agencies, marketing trade groups and publishers: Let's learn from the mistakes of how advertising appears and is measured online and not duplicate them on mobile phones.

So much for that.

"Despite our best efforts, the industry has mostly just followed the online model," said Mr. Wasef. "And so much of what is offered from publishers is really an online replication, but at a poorer level."

Poorer is the key word. If publishers once lamented that offline dollars turned into "digital dimes" as content and audiences moved to the web, here's what might be keeping them up at night: Digital dimes are turning into mobile pennies. The effective cost per thousand impressions on the desktop web is about $3.50, according to data crunched by Mary Meeker, partner at Silicon Valley venture-capital firm Kleiner Perkins Caufield & Byers. On the mobile internet? A whopping 75?.

That should be of particular concern to publishers, given the rise in media consumption via mobile devices.

In interviews, media companies from Cond? Nast to Gawker Media say visits from mobile phones and tablets have more than doubled in the past 12 months and now account for 20% to 30% of the overall traffic to their content. In many cases, this growth has caught publishers unprepared, with sales staffs often lacking the necessary training or clear strategies to monetize mobile audiences. Some media companies are taking a wait-and-see approach. In a rush to cash in on this shift, others are often relying on what they know best: the banner ad, which is proving to not be much better.

The ad experience on mobile phones is challenging for a number of reasons. The smaller screen sizes make most ads unattractive, privacy settings restrict targeting and short user sessions make providing more than one ad in front of a user nearly impossible. Meanwhile, encouraging readers to pay for mobile content has been an equally tough battle for many media companies. "There's no easy way to push 300 by 50 [pixel] ads and build big money off of it," said Mandar Shinde, AOL's senior director of mobile and mail monetization.

In general, advertisers haven't specially prepared their messages for mobile and are retrofitting what they know from desktop-web marketing -- with some ugly consequences. As Mr. Wasef and several other media executives noted, one doesn't have to look far to find big brands whose campaigns and ad experiences aren't optimized for the phone. Often they link to broken pages and frustrate users. (On one major mobile publisher's app, this reporter was greeted by an ad for a retailer that sent him to a webpage with an error message; another ad from a popular beauty-products company directed people to a Facebook mobile log-in.) Accidental clicks on touch-screen phones can also add to user frustration.

CANNIBALIZING PRICING

Meanwhile, media companies have inadvertently cannibalized mobile pricing by pawning off ad sales to mobile ad networks. These networks have gotten their hands on mobile-ad inventory much faster than ad networks did with desktop-browser inventory. As a result, they have been able to build high-volume businesses that sell mobile ads for prices below what many top-tier media companies such as NBC Sports believe is fair market value.

"As you go to market and look to bring really interesting sponsorship opportunities to buyers, the objection that does come up a fair amount is the great pricing disparity," said Nick Johnson, head of national sales for NBC Sports Digital. "And that tends to be an objection that is difficult to overcome, which prevents you from having a very strategic conversation."

For their part, representatives of mobile ad networks say it's not their fault that they beat many publishers to the opportunity. "Consumer adoption is there, but the reality is many publishers haven't caught up in selling it," Jumptap CMO Paran Johar said.

As a result, companies such as Gawker Media and Atlantic Media, owner of the The Atlantic magazine and the new business site Quartz, are banking on building their mobile businesses around branded content more than advertising. Both companies are selling small ads on some mobile properties -- either directly or through a network -- but each have sites where the only monetization is coming via brand-sponsored posts, according to business executives at the companies.

"[Mobile] advertising right now, from a pure creative standpoint, leaves so much to be desired," said Gawker Media's chief advertising officer, Andrew Gorenstein. "I don't see that as a huge opportunity."

OPPORTUNITY LOST

But it's not all doom and gloom -- yet. Mobile content consumption, for the most part, is additive and not yet cannibalizing desktop consumption, making its low revenue per user more of an opportunity lost than a business crisis. Mr. Shinde estimates that about half of all the people who visit AOL sites do so both from a desktop and tablets or mobile phones. AOL is trying to figure out how to show more ads to these users without scaring them away. But Mr. Shinde said that's hardly a singular solution.

AOL will begin adding e-commerce to mobile ad units over the next six months and is working on mobile-commerce opportunities that won't be connected to ad units. And some mobile experiments are showing initial success. The New York Times -- a media property that occupies a unique position in having proved people will pay for its digital offerings -- continues to focus on a combination of digital subscription revenue and revenue from mobile advertising, according to Denise Warren, chief advertising officer of the Times and general manager of NYTimes.com.

Ms. Warren said that 24% of all the Times' views in August happened on phones or tablets, with about two-thirds of those specifically coming from phones. While the Times sells much of its mobile-ad inventory through custom cross-platform purchases at premium prices, it also sells ads on its mobile apps through Google and Apple's ad networks. Ms. Warren said the company also plans to work out more relationships similar to its recent deal with Flipboard, which allows Flipboard users to access a certain amount of Times content for free and lets Times subscribers sign in to get its content within the Flipboard app. The Times and Flipboard then split ad revenue for that content. "We want to replicate this kind of arrangement with others and create scale," Ms. Warren said, adding that she's also thinking about mobile e-commerce opportunities.

The Interactive Advertising Bureau is pushing a slate of more inspired mobile-ad units, and young companies such as PlaceIQ are trying to bring greater precision to geographically targeted mobile ads. Startups such as Session M have gained some early traction by rewarding mobile users for taking certain actions such as sharing an article, watching a video highlight or viewing an ad. Still, most media companies don't seem ready to make the leap.

There is no right strategy yet.

"Whenever a medium develops like this, there are solutions not foreseen in the beginning that, I think, may win the day," said Jay Lauf, group publisher of Atlantic Media and publisher of Quartz.

It may take time. Nearly two decades after the first banner ad surfaced, executives still debate that format's effectiveness, with Twitter, BuzzFeed and others recently pushing the conversation around "native advertising," a phrase increasingly used as a catch-all for anything that's not a traditional display ad.

So if the evolution of the web is any indication, a solution for mobile may not arrive anytime soon.

And when it does, it very well may not be ads.

Source: http://adage.com/article/digital/mobile-s-massive-growth-equal-real-revenue/237511/

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