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June 1, 2013

Rob Ford crack video scandal: Mayor

Filed under: management, uk — Tags: , , , — ManInBlack @ 6:30 am

It’s tough job — and Earl Provost has to do it.

Serving as chief of staff to embattled Mayor Rob Ford is perhaps the most taxing political post in Canada.

Entrusted with this largely thankless gig — that will pay him between $136,000 and $150,000 a year to work seven days a week — is a Liberal stalwart.

Provost was busy his first full week on the job beating the bushes for candidates to replenish Ford’s depleted staff.

Insiders confided the mayor, who has suffered an exodus that threatens to empty his scandal-rocked office, offered raises to hold on to his remaining staffers.

The famously tight-fisted mayor amiably mentioned the increases to the dozen or so remaining aides in one-one-one meetings Thursday.

The amounts varied depending upon the roles they play in the office, the sources say.

Ford denied boosting salaries to retain aides. “No,” the mayor said gruffly Friday during a news conference outside his office, where reporters have camped out for days since the crack video debacle.

Despite his entreaties, two staff members — policy adviser Brian Johnston and the mayor’s executive assistant Kia Nejatian — resigned Thursday.

They joined former chief of staff Mark Towhey, who was fired May 23 after urging Ford to seek help for his health, and press secretary George Christopoulos and communications special assistant Isaac Ransom, who quit Monday “on principle.”

Another aide, special assistant Michael Prempeh, left Friday. He had told colleagues weeks earlier that he planned to leave.

Ford moved Friday to counter the appearance of chaos, saying he had hired three “movers and shakers” and expects to hire another three or four early next week.

New faces include special assistant Katrina Xavier-Ponniah, a recent Mount Allison University graduate.

The departures all came after the Star and U.S. website Gawker reported the existence of a video apparently showing the mayor smoking crack cocaine.

Ford has denied the allegations and played down his office turmoil.

The mayor’s new interim press secretary, Sunny Petrujkic, did not return an email from the Star to comment on the pay increases.

Sources say Provost, who also did not respond to two emails requesting comment from the Star, has been lobbied by some of his departed colleagues to leave Ford’s office.

“(They) have been pleading with him,” said one longtime pal, who spoke on condition of anonymity because he was discussing private conversations.

At one point last weekend, his friends believed he would join Christopoulos and Ransom in a mass resignation, but he apparently had a change of heart.

Provost is a longtime Liberal. He was the first delegate elected to former prime minister Paul Martin’s leadership campaign in 1990 and has many friends in federal Liberal circles but far fewer at Queen’s Park.

Some of them have been imploring the hard-working bachelor for weeks to escape the maelstrom that is Ford’s office.

“But Earl is loyal to his party and he’s loyal to the mayor,” said the friend. “We want to get him out of there because we care about him and this is not a tenable situation.”

A Grit stalwart, his office boasts signed portraits of former premier Dalton McGuinty — who, oddly, never wanted to hire him — and ex-federal Liberal leader Michael Ignatieff.

Another friend said Provost, a graduate of both George Washington University and York University, surprised his Liberal allies when he joined the Progressive Conservative Ford’s successful 2010 mayoral campaign.

“Earl is an effective mercenary. When he’s with you, he is with you. But he understands there is a bigger game and he’s determined to be part of it,” said the second chum, who also requested anonymity to speak candidly.

Insiders say he is excellent at stakeholder relations, no easy task with a mayor who keeps a light work schedule and who has behaved erratically at events.

The Scarborough native ran to be a school board trustee in 1991 and supported controversial former councillor Tom Jakobek’s doomed 2003 mayoral bid.

But his municipal political career took a turn for the better three years ago.

That’s when he was enlisted onto a Ford campaign that was seen as such a longshot that Star was the only daily newspaper to cover his launch that spring.

Provost, as deputy campaign manager, proved his mettle as an effective organizer and headed Ford’s election-day team, which crushed one-time front-runner George Smitherman, also a Liberal.

He then moved to become Ford’s deputy chief of staff and director of stakeholder and council relations, working quietly behind the scenes as Towhey’s fiercely loyal second-in-command.

When the mayor sacked his chief of staff last week, no one was surprised Provost was tapped with the monumental task of trying to right a ship that many feel has already hit the iceberg.

He now faces what his friends fear is an impossible challenge.

“The longer Earl stays in there, the longer he is tied to these guys,” said a third frustrated Provost friend.

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May 25, 2013

Toronto road closures for World Partnership Walk and more

Filed under: Uncategorized, management — Tags: , , , — ManInBlack @ 6:34 pm

Repairs to the Gardiner Expressway as well as several walks and runs will lead to a number of road closures in the city this weekend.

The World Partnership Walk will close Wellington St. W. from John St. to University Ave. and southbound of Queen’s Park Crescent W. from Hoskin Ave. to College St. from 10:30 a.m. and 1:30 p.m. Sunday.

University Ave. will be closed both ways from Front St. to College.

Walk with Israel will close Bremner Blvd. between 8:30 a.m. and noon Sunday. The route boundaries are Strachan Ave. to the west, Queens Quay to the south, York St. to the east and Adelaide St. to the north.

Toronto Women’s half marathon and 5-km run will also be taking place Sunday at Sunnybrook Park. Runners will be using the southbound curb lane at Don Mills Rd. between Gateway Blvd. N. and the park entrance south of Overlea Blvd. from 8 a.m. to 11 a.m. There may be delays with TTC buses southbound on Don Mills Rd. and at Overlea due to the run.

Before Sunday’s extra disruptions, however, there are also partial lane closures on the Gardiner Expressway and along portions of Lake Shore Blvd credit score. due to construction this weekend.

On-ramp access to the westbound Gardiner Expressway from Lake Shore at Jarvis St. will be closed until May 31 due to repairs. The Bay St. on-ramp to the eastbound Gardiner will be closed until May 31.

On Lake Shore, one lane in each direction from Jarvis St. to Bay St. will be closed from 9:30 a.m. to 3:30 p.m. Two westbound lanes will be closed overnight for structural repairs.

Two westbound lanes on Lake Shore at Yonge St. will be closed. One northbound and southbound lane on Yonge at Lake Shore will be closed overnight.

Two right lanes of Lake Shore westbound on either side of Jarvis will be closed. Access to the westbound Gardiner Expressway from Lake Shore at Jarvis will also be closed until May 31.

Source

May 3, 2013

Technophobe Warren Buffett finally joins Twitter

Filed under: Canada, management — Tags: , , , — ManInBlack @ 1:29 am

OMAHA, Neb. • Billionaire Warren Buffett is known for being reluctant to invest in technology companies, but he now has a Twitter account.

Buffett unveiled his @WarrenBuffett online handle on Thursday during a speech.

Buffett has always resisted investing in technology companies because he says he can’t predict the future of those businesses the same way he can insurance or manufacturing.

Buffett says even though he may not understand Twitter well, he knows it can’t be all bad because one of the company’s co-founders is from Nebraska.

Buffett’s first tweet said simply “Warren is in the house.” By midday he had more than 32,000 followers.

Buffett doesn’t have a computer in his office, but he uses one at home for research, writing and playing bridge online.

Source

April 8, 2013

U.S. newspapers saw first gain in circulation revenue since 2003

Filed under: legal, management — Tags: , , , — ManInBlack @ 5:41 pm

ARLINGTON, Va. • The newspaper industry’s revenue declined at its slowest pace in six years, as publishers turned to new businesses and raised more money from online subscriptions.

The industry’s total revenue in 2012 fell 2 percent to $38.6 billion from $39.5 billion in 2011, according to the Newspaper Association of America.

Online subscriptions helped circulation revenue rise by 5 percent to $10.4 billion. It was the first gain since 2003.

The association’s figures are projections based on a survey of 17 companies that represent about half of the industry’s revenue. Publishers provided a detailed breakdown of their revenue on condition of anonymity.

For the first time, the NAA data incorporated new sources of revenue that virtually didn’t exist for the industry a decade ago, including e-commerce, event hosting and providing advertising agency-like services to local companies. These categories accounted for $3 billion in revenue in 2012. The NAA also began counting for the first time ad revenue from niche publications and such things as flyers sent to non-subscribers. Those segments generated $2.9 billion.

If the new categories were not included, revenue would have fallen 3 percent in 2012, to $32 guaranteed pay day loans.7 billion, still the most modest decline since 2006. In 2011, revenue not counting the new categories fell 5 percent to $33.9 billion. Revenue peaked at $60.2 billion in 2005.

“This does not look like an industry that’s just rolling over,” said Caroline Little, president of the NAA.

Little said the association’s new way of compiling data tells a more optimistic story of an industry coping with an advertising shift away from print by generating new sources of revenue and selling news online and through mobile devices.

Among the industry’s most positive developments is the growth in circulation revenue. Some 400 U.S. newspapers now charge readers for online access. In some cases, online subscriptions are bundled with print subscriptions. As a result, the industry’s 2012 circulation revenue returned to slightly above the 2007 level of $10.3 billion. It was still below 2003’s peak of $11.2 billion.

Source

October 2, 2012

Macy’s to ramp up hiring for holiday shopping season

Filed under: business, management — Tags: , , , — ManInBlack @ 8:28 pm

Macy’s is ramping up its hiring for this year’s holiday shopping season, with plans to bring on 80,000 seasonal workers.

The retailer, which owns Macy’s and Bloomingdale’s department stores, said on Monday that this will be a 2.5% increase from last year, when the company hired 78,000 workers.

, Fortune 500) said it will need the extra workers to staff its sales floors, store operations and call centers, as well as shipping centers for online orders.

The new hires will be in addition to Macy’s year-round staff of 175,000.

Macy’s is just the latest retailer to step up its hiring in anticipation of a brisk holiday shopping season.

Related: Hot toys for the holidays

Toys R Us said on Sept guaranteed high risk personal loans. 24 that it will hire 45,000 seasonal workers, an increase of 5,000 compared to last year. The toy retailer is also launching a free layaway program through Oct. 31 and a hot toy reservation plan. , Fortune 500) cut its layaway fee from $15 to $5 to try and draw customers.

The department store chain , Fortune 500) announced on Sept. 18 that it will hire 52,700 season workers, a 10% jump compared to the prior year.

Retailers are preparing for Black Friday, one of the most important shopping days of the year, and a critical barometer of the consumer-driven economy.

Source

July 3, 2012

Australian Housing Permits Post Record Month on Apartments - Bloomberg

Filed under: management, uk — Tags: , , , — ManInBlack @ 2:08 pm

Australian home-building approvals soared in May on apartment projects, a sign housing demand may accelerate after the central bank cut interest rates. The local currency advanced.

The number of permits granted to build or renovate houses and apartments gained by a record 27.3 percent from April, when they fell a revised 7.6 percent, the Bureau of Statistics said in Sydney today. The result was more than five times greater than the median forecast for a 5 percent gain in a Bloomberg News survey of 19 economists.

Reserve Bank of Australia Governor Glenn Stevens will keep borrowing costs unchanged today, economists predict after he lowered rates by 50 basis points in May and another quarter point to 3.5 percent last month to help insulate the economy from a global slowdown. Today

March 25, 2012

Hong Kong Picks New Leader as Wealth Gap Fuels Public Discontent - Bloomberg

Filed under: management, money — Tags: , , , — ManInBlack @ 1:12 am

Hong Kong picks its new chief executive today, after a campaign marked by personal scandals, public discontent over a widening wealth gap and protests for greater democracy.

A 1,193-member committee of billionaires, including Hong Kong

March 21, 2012

Osborne Needs 5 Billion Pounds to Fund U.K. Budget Giveaways - Bloomberg

Filed under: Canada, management — Tags: , , , — ManInBlack @ 6:56 pm

U.K. Chancellor of the Exchequer George Osborne will need to claw back about 5 billion pounds ($8 billion) a year, largely from the wealthy, to fund giveaways he

March 20, 2012

Payback time at Apple

Filed under: management, marketing — Tags: , , , — ManInBlack @ 4:23 am

With more money sitting in their bank account than some companies are worth, Silicon Valley giant Apple finally decided it was time to pay a dividend.

Tim Cook, CEO of the maker of iPhones, iPads, iPods and Mac computers announced Monday the company would be using some of its $98 billion cash on hand to pay out a dividend for the first time since 1995, as well as buy back stock.

In an industry where paying out a dividend is sometimes seen as a sign that a company is past its innovative best, Cook insisted the $2.65 quarterly dividend will still leave plenty of cash for the company to develop new products, as well as giving it a war-chest to use for takeover opportunities.

March 15, 2012

James Murdoch: ‘I could have asked more questions’

Filed under: management, technology — Tags: , , , — ManInBlack @ 7:28 am

News Corp. executive James Murdoch acknowledged Wednesday that he could have done more to investigate the phone hacking scandal that has rocked Britain and threatened his place as the likely heir to his father’s global media empire.

Murdoch’s admission came in a detailed, seven-page letter written to British parliamentarians investigating the scandal. In it, he repeated his insistence that he knew nothing about the criminality which had taken place at the now-defunct News of the World tabloid newspaper, saying that the extent of the wrongdoing had been hidden from him by members of his staff.

“It would have been better if I had asked more questions,” Murdoch said. “However the truth is that incomplete answers and what now appear to be false assurances were given to the questions that I asked.”

Murdoch has already appeared twice before lawmakers, who grilled him in detail about what he knew about the phone hacking scandal and alleged attempts to bury evidence of any illegal activity.

Murdoch was the one who signed off on a massive settlement to one of the first known victims of the practice, a deal which the company’s former in-house lawyer has acknowledged was aimed at keeping a lid on the scandal.

But the cover-up failed after the Guardian and The New York Times revealed that phone hacking was endemic at paper, an expose which has led to dozens of arrests and resignations. Murdoch’s father, Rupert, was forced to close the News of the World following an advertiser boycott. Lawmakers are now sifting through the scandal’s fallout in an effort to find out who was responsible.

In a separate development, police said that a 51-year-old man has been arrested Wednesday on suspicion of intimidating a witness.

Scotland Yard said the man taken into custody Wednesday had been previously arrested on April 5, 2011. Police did not identify the man, but The Associated Press had identified a man arrested that day as former News of the World reporter Neville Thurlbeck, who was 50 at the time.

Thurlbeck did not immediately return a text message seeking details about the arrest. His law firm had no immediate comment.

Wednesday’s developments follow the arrests Tuesday of six other suspects, including former News International executive Rebekah Brooks.

News International, the British newspaper arm of News Corp., has made cash settlements to 58 victims, including celebrities, politicians and the families of crime victims.

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