Monday, July 15, 2013

Bachmann nearly pays off presidential campaign debt, spends $175,000 on legal fees

WASHINGTON ? Michele Bachmann's presidential campaign?debt continues to dwindle, and the campaign has begun paying off its legal fees.?

Bachmann paid down more than $100,000 in outstanding debt during the second quarter after transferring $140,000 from her congressional campaign committee. She has $30,000 in debt remaining, most of which is owed to Florida firm Robert Watkins & Co., whose Nancy Watkins serves as the campaign?s treasurer.

New Bachmann for President expenses include nearly $49,000 for legal fees and services paid to D.C. law firm Patton Boggs. Her congressional campaign sent the firm an additional $120,000. The firm represents Bachmann and her presidential campaign and has helped her navigate both a now-settled civil suit in Iowa and investigations into the campaign?s spending habits by a handful of organizations, including the FBI and the Federal Elections Commission. The presidential campaign also paid the firm $6,248 for earlier obligations.

Bachmann?s congressional campaign raised $822,000 and has $1.8 million on hand. On May 29, Bachmann announced she will not run for re-election.

Look for our traditional quarterly fundraising round-up sometime Tuesday.

Devin Henry can be reached at dhenry@minnpost.com.

Source: http://feeds.minnpost.com/~r/minnpost/~3/fiZikOLb0OA/bachmann-nearly-pays-presidential-campaign-debt-spends-175000-legal-fees

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Most popular ovarian cancer cell lines do not resemble ovarian cancer

(Medical Xpress)?Researchers from Memorial Sloan-Kettering Cancer Center recently discovered that the most frequently used cancer cell lines in ovarian cancer research are not suitable models of ovarian cancer. Their findings are the result of a detailed review of genomic data that recently became publicly available. Their methods, published in this week's Nature Communications, could provide a usable framework for other researchers to better assess cell lines' validity for future use in this and in other types of cancer research.

Computational biologists Nikolaus Schultz and Rileen Sinha, and biochemist Silvia Domcke, focused their review on high-grade serous ovarian cancer (HGSOC), the most commonly diagnosed and frequently studied subtype of ovarian cancer. Using datasets from The Cancer Genome Atlas and the Cancer Cell Line Encyclopedia, which detail and define the genomic features of numerous clinical samples and cell lines, the team analyzed and then ranked several cell lines by their genomic similarities to tissue samples and, in doing so, uncovered multiple discrepencies between the cell lines and actual human tumors.

"Our review showed that the two most utilized cell lines, accounting for almost 60 percent of all published research studies, do not resemble HGSOC well at all," explained Dr. Schultz, the paper's lead author. "The problem with this is, investigators assumed they were studying high-grade serous ovarian cancer, when in reality they were looking at something else. So conclusions drawn from this work might be misleading."

Cancer cell lines are generated and grown indefinitely in laboratories around the world, but are ultimately derived from human tumors. For the past several decades, they have been the most popular model for the study of cancer because they are inexpensive and easy to replicate. However, the origin of some cell lines is not well established, and through years in culture, they can acquire additional changes, making them less desirable.

"With the explosion of genomic data now at our fingertips and the potential for more to become available, it's our hope that this approach can be used by our colleagues to choose optimal cell lines, as we do expect similar discrepencies in other tumor types," said Dr. Schultz. "Overall, we believe these findings should greatly benefit the study of cancer."

Source: http://medicalxpress.com/news/2013-07-popular-ovarian-cancer-cell-lines.html

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Sunday, July 14, 2013

Obama: Immigration overhaul can boost recovery

WASHINGTON (AP) ? President Barack Obama says overhauling the nation's immigration system can provide a big boost to the economic recovery.

In his weekly Internet and radio address, Obama cites former President George W. Bush's support for a comprehensive solution on immigration. He says if Democrats and Republicans can agree on something, it's a good place to start.

The Senate has already passed a bipartisan bill. Obama says now the House must act. He says Americans should use email and Facebook and phone calls to tell their representatives to take action.

In the Republican address, Sen. Mike Enzi of Wyoming says Americans are paying the price for Obama's health care law. He says it's time to admit the law is failing. He's urging a "permanent delay" in the law's implementation.

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/gopweeklyaddress

Source: http://news.yahoo.com/obama-immigration-overhaul-boost-recovery-100430320.html

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U.S. Internet Providers Target Chinese Cyberspies

U.S. Internet Providers Target Chinese Cyberspies | www.wokv.com

The U.S. government gave American Internet providers addresses linked to suspected Chinese hackers earlier this year as part of a previously undisclosed effort aimed at blocking cyberspying. Danny Yadron reports on Lunch Break.

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Source: http://www.wokv.com/videos/news/us-internet-providers-target-chinese-cyberspies/v6Wpj/

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Saturday, July 13, 2013

In/Flux: What does the Microsoft shakeup mean?

Your embarrassing Facebook secrets now searchable

For months Facebook has been testing Graph Search, a function that itemizes user data into an easily searchable form. Search ?People in Seattle who like the Republican Party? and voila, over a hundred local contrarians pop up. Last Monday the company started rolling it out globally, and already people are getting creative with it.

For those who haven't yet gotten around to strengthening their Facebook security settings, this is a public service announcement: It?s time to get on that. To illustrate, we point out that several locals are public fans of Ashley Madison, a service that helps people cheat on their spouse. At press time, companies that hire Seattleites who like ?stealing? include Microsoft and GameStop. And for some professionals, publicly liking ?weed? or ?getting high? may not be a boon for their careers, recent ballot initiatives notwithstanding.

?

There?s an expression that ?If you?re not paying for it, you?re the product.? With Facebook attempting to convince disappointed investors that the company?s hustling, they?ve been pulling out all the stops to organize their data in a way that?s useable to marketers, and moderately compelling to others. Users should be prepared for this sort of thing, not surprised.

Price-fixing? Who, Apple?

Even by the litigious standards of the tech world, it was a banner week for Apple and Amazon. And one that could yield cash for thousands of consumers.

Back in 2009, Apple decided to enter the e-book market, on which Amazon had a firm stranglehold. The problem was Amazon sold e-books at a loss in order to drive sales of the Kindle, something book publishers and Apple weren?t keen on. Flash forward a few months, and the e-book prices from nearly every major publisher spiked, coincidentally at the same time Apple launched their iBookstore.?

Last week a federal court ruled that Apple engaged in an illegal price fixing conspiracy with publishers, in a case brought against them by the federal government and 33 states. This verdict opens Amazon up to reassert itself as the 800 pound gorilla of the e-publishing world, discounting books at will and driving out competitors like Apple and Barnes & Noble.

What this could mean for local consumers is murkier. While Apple claims they will appeal the decision, they?re likely going to pay damages, and those who bought an e-book in the past few years are potentially looking at some compensation. Washington wasn?t one of the states participating in the case, but a private class action has already been filed to represent WA?s digital book buyers. According to Janelle Guthrie, spokeswoman for the WA Attorney General's office, ?Washington consumers will still benefit from this action.?

Seattle turns Big Data into energy savings

A lot of hype has been spun around ?Big Data,? a term vaguely referring to ? you guessed it ? analyzing vast troves of information. Touted as the key to the utopian social engineering of tomorrow (or at least better marketing), more examples appear of its potential every year. Last week Microsoft and partners moved to prove its worth further.

Microsoft, working with the City of Seattle and City Light, has launched a pilot named ?High Performance Buildings? project, aimed at using data to reduce energy consumption in Seattle?s commercial buildings. The project is a joint venture between Microsoft, management consulting firm Accenture and Seattle 2030, a collaborative group of downtown property owners out to slash Seattle?s energy consumption in half.

Brian Geller, Executive Director of Seattle 2030, tells Crosscut these savings will be created through the intensive analysis of building energy use, on such areas as heating and cooling systems, and will allow building managers to dictate where modifications and process changes are needed. According to Geller, if this system is adopted by enough additional buildings beyond the pilot, it ?could help us reach our collective 50 percent energy reduction goal well before 2030.?

Microsoft?s long-rumored ?reorganization? is underway.?On Thursday, CEO Steve Ballmer sent a public?memo?to employees, announcing a complete restructuring of the company. The transition is in its early stages, however, and beyond the who?s-in-who?s-out management shuffle and department streamlining, it?s tough to make heads or tails of it quite yet.

Ballmer claims the changes would help create ?One Microsoft.? That's in contrast to the current system, in which separate departments are known to be fiercely independent. Microsoft has been touting a more integrated company for years now, and reshuffles have become an?annual event. That said, this is one of their more significant shake-ups, streamlining its product buckets down to four areas: operating systems, apps, the cloud and devices. This could conceivably curb the infighting that has slowed the company's progress at times.

Furthermore, Ballmer has made some serious management changes. Some, such as putting Windows Phone OS lead Terry Myerson in charge of all operating systems and Bing chief Qi Lu in charge of apps, make sense. Others are less intuitive, such as making Julie Larson-Green ? a company veteran who?s focused on software before now ? the head of hardware engineering for the Surface, Xbox and other future devices.?

Proponents?are claiming?this could lead to a leaner, more collaborative Microsoft. On the other hand, this reorg assimilates some of their most successful projects ? such as Xbox and MS Office ? into the overall company, potentially leading to reduced flexibility in some areas. There are also?rumors?that lower performing products, such as the Bing search engine, could be left in the cold over time.

Could these changes create a better Microsoft? We welcome your opinions in comments.

Tech Bytes from Elsewhere

  • Where the Wild Things Are: WalkScore creates a ?heat map? of crime in Seattle. One takeaway: Ballard is surprisingly serene.
  • The Truth Hurts: Facebook announces that ?We will make our product worse, you will be upset, and then you will live with it.? Sure it?s an Onion parody, but let?s be real: at some point this has been said in Facebook HQ.
  • Go Go Gadget Prophesy: The1980s cartoon Inspector Gadget was spookily ahead of its time.
  • Minor Mind Melds: This summer?s best monster movie, Pacific Rim, features mammoth robots controlled by psychic-linked pilots. Could it happen? Kinda maybe!

Source: http://crosscut.com/2013/07/13/technology/115529/flux-msft-shakes-thing/

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The CEOs you thought would be on Twitter

Barbara Lang,?@BarbaraLang

Yes, the D.C. Chamber of Commerce CEO does have a Twitter handle at least.?But there's nary a tweet underneath it. Lang's team says she either tweets?or oversees the Twitter conversation from the chamber's handle, @dcchamber,?and that she's plenty involved. But we can't help it ? we'd like to see more?of her firepower under her own name. Her feed on D.C.'s new living wage bill?alone would be worth reading.

Barbara's take: "My focus is on the values and priorities of the Chamber. In my role as President and CEO, I of course use social media to keep Chamber members and followers abreast of what we're doing to further those goals on their behalf. That is where my interests lie and so that's how I use social media."

Staff Washington Business Journal

Even as the rest of the working world seems to jump onto Twitter like it's a bouncy castle at a 4-year-old's birthday party, there are some CEOs who have chosen to stick to the sidelines for now. And their relative silence in the Twitterverse may surprise you given their high profile in the local business community.

During our search for this package, these were business leaders we expected to find right away with voluminous feeds and provocative commentary. But we can tell you this: If and when they decide to become more personally active on Twitter, they're definitely folks you will want to follow. Check them out to the right.


Related:

Matching a face with a name: Want to humanize your brand? Start with the man or woman at the top (subscriber only)

10 CEOs to follow on Twitter (subscriber only)

7 Twitter handles our reporters think you should follow

Which D.C.-area CEOs have their own Twitter impersonators?

9 government chiefs you should be following on Twitter

Poll: Should CEOs be on Twitter?


Source: http://feeds.bizjournals.com/~r/washington_blog/~3/GUg-QwijHbk/the-ceos-you-thought-would-be-on-twitter.html

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Tips for Preparing Resume for People Lacking Job Experience ...

By Admin -

In the current competitive job market, you can stand out of the crowd of competitors by making your resume attractive even if you lack experience. Here are some tips for creating a good resume:

If you do not have any job experience previously or if you have taken off from the work for sometime now, you might be well-aware of the fact that getting a job without experience is not possible or it might not be that much easier. But, your lack of experience should not eliminate the chances of getting a job. Generally, the HR departments of organizations will be well-aware of the fact that work skills are not gained just because of experience and some people get these skills right from their life experience. The point to remember is that you should show the same through your resume with the help of the tips for preparing a resume given in the following paragraphs:

Using life experience to your benefit: You might have so far been running a business and now just because your business is not going well, you might be interested in taking up a job. So, here you do not have work experience, so you can start your resume by mentioning your life experience. You can specify the services you offered when you were in your school by joining the scout team and you can also specify the development you got in your business life.

Course works and awards: Without experience, the next area where you can focus is to list out your educational qualification and this includes not only your school-level and college-level details, but do not forget to mention any other courses that you have taken privately from other institutions for improving your skills. Also, do not forget to mention the details about any awards you have earned in your educational life or even in your business life. Details about the awards you have won will depict you as a competitive individual with an urge to perform well.

Cover letter: A good cover letter is important in improving your job prospects. Generally, most of the applicants fail to send a cover letter along with their resume unless and until it is specified by the organization for which they are applying. Irrespective of whether it is asked or not in the job advertisement, do attach your resume with a cover letter. It can provide a panoramic view of your character to the interviewer. In a situation, where you lack experience, a good and impressive cover letter can act as a cushion to show off yourself in a detailed manner. You can also exhibit your interest and motivation towards working in the organization through the cover letter.

Source: http://www.cyclicx.com/tips-for-preparing-resume-for-people-lacking-job-experience.html

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Friday, July 12, 2013

'Arrested Development' Fifth Season? Netflix Wants More

Producer Brian Grazer confirms that he is in talks for more episodes featuring the Bluth family.
By Kevin P. Sullivan, with additional reporting by Josh Horowitz

Source: http://www.mtv.com/news/articles/1710446/arrested-development-season-5-netflix.jhtml

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Factors that may cause fluctuations in deep brain stimulation levels over time

[unable to retrieve full-text content]Deep brain stimulation therapy blocks or modulates electrical signals in the brain to improve symptoms in patients suffering from movement disorders such as Parkinson's disease, essential tremor and dystonia, but a new study suggests that several factors may cause electrical current to vary over time.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/y27sTIhUBNI/130711103316.htm

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Pakistani teenager shot by Taliban comes to UN

UNITED NATIONS (AP) ? A new report released to mark the 16th birthday of a Pakistani teenager shot by the Taliban for promoting education for girls says 57 million children around the world are not going to school, and half live in conflict-affected countries.

The U.N. education and cultural agency UNESCO and Save the Children released the study ahead of Friday's first public appearance at the United Nations by Malala Yousafzai, who returned to school in March after medical treatment in Britain for injuries she suffered in the October attack.

She will address more than 500 young leaders from around the world at a Youth Assembly organized by General Assembly President Vuk Jeremic and U.N. special envoy for global education Gordon Brown, the former British prime minister.

The U.N. has declared July 12 ? her 16th birthday ? as "Malala Day."

According to the report, the number of children of primary school age who are not getting an education has fallen from 60 million in 2008 to 57 million in 2011, but during that period the percentage of youth in conflict-affected countries who aren't at primary school rose from 42 percent to 50 percent, UNESCO said.

Save The Children said the report shows that in 2012 there were more than 3,600 documented attacks on education, including violence, torture and intimidation against children and teachers resulting in death or grave injuries, as well as the shelling and bombing of schools and the recruitment of school-aged children by armed groups.

Since the start of the Syria conflict more than two years ago, 3,900 schools have been destroyed, damaged or are occupied for non-educational purposes, the report says.

The report, called "Children Battling To Go To School," found that 95 percent of the 28.5 million children who aren't getting a primary school education live in low and lower-middle income countries ? 44 percent in sub-Saharan Africa, 19 percent in south and west Asia and 14 percent in the Arab states, UNESCO said.

Girls make up 55 percent of the total and are often the victims of rape and other sexual violence that accompanies armed conflicts, UNESCO said.

"Across many of the world's poorest countries, armed conflict continues to destroy not just school infrastructure, but also the hopes and ambitions of a whole generation of children," UNESCO's Director-General Irina Bokova said.

Source: http://news.yahoo.com/pakistani-teenager-shot-taliban-comes-un-041232555.html

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IFTTT ? the Web?s Universal Automator ? Is Now an iPhone App

When I think of IFTTT ? which we named as one of our 50 favorite sites in 2012 ? the metaphor that comes to mind is those iconic old Reese?s ads involving someone getting chocolate in another person?s peanut butter, and vice versa.

The service, whose name is short for ?If This Then That,? lets you smoosh together dozens of other apps and services, from Evernote to ESPN to Facebook to Flickr to SoundCloud to SkyDrive to e-mail and SMS, by setting an action in one app or service as a trigger to spawn an action in another. Once you create a recipe, IFTTT runs it continuously without requiring further intervention on your part: It lets you automate tasks you didn?t even know could be automated.

The possibilities, which IFTTT calls recipes, are more or less endless. You can get an e-mail notification when a favorite Etsy seller posts new items. You can automatically upload your new Instagram snapshots to Flickr. Or add your Foursquare check-ins to Google Calendar. Or tweet when you walk 10,000 steps while wearing your Jawbone Up. (Up is one of several pieces of hardware IFTTT can talk to; another is Philips? Hue web-connected light bulbs.)

It?s not a unique idea ? Yahoo?s underappreciated Pipes did something roughly similar first ? but IFTTT supports an array of options and lets you do it all with a few clicks.

IFTTT

IFTTT

And now you can do it on an iPhone. The new IFTTT iOS app does exactly the same thing as the existing web-based version, but with an interface that?s been nicely rethought for the small screen. You can create recipes from scratch or find them by browsing or searching a long, long list of ones created and shared by other users. There?s a good chance that someone?s already built the recipe you want, and if nobody has, all those existing ones are still good inspiration.

On the iPhone app, the main screen includes an activity feed that shows activity triggered by your recipes; you can also choose to get a notification each time a specific recipe gets triggered, which is a helpful way to verify that it?s working as you intended. It?s all very slick, and I can?t find much to criticize except for one very picky point: I couldn?t find the shared recipes at first, because the icon IFTTT uses to represent them ? a pair of eyeglasses ? was a bit cryptic. (On the web, you get to them by clicking a Browse button.)

IFTTT just keeps getting more powerful as its creators add new apps, services and actions, and it feels right at home on the iPhone. (Recipes you create on the phone are available on the web and vice versa.) If you can?t figure out a way ? or several ways ? to use it to get useful stuff done, you just aren?t trying.

Source: http://feedproxy.google.com/~r/timeblogs/nerd_world/~3/F2mJis-fz84/

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The sportswriter who made Twitter cry

This pic of brothers Greg Day, from left, Anthony Day and Steven Bennett inspired Richard Deitsch to ask Twitter users for their best photo moments.

STORY HIGHLIGHTS

  • Sportswriter asks for photos that capture life's best moments
  • Hundreds of images have been shared so far
  • Births, proposals, reunions among the moments shared

(CNN) -- Richard Deitsch was perusing Twitter when one photo made him stop. At first glance it's unremarkable, not much different from any other victory photo. It's a bit grainy and shows three young men smiling and hugging.

One of the men had just won an NCAA hockey championship at Yale.

Deitsch said he was struck by something more than just the photo. He knew the man who posted it, Steven Bennett, host of a Buffalo-based sports podcast. Bennett is in the picture celebrating his younger brother's victory, despite having just spent more than six weeks in the hospital.

"You gotta come now," Bennett remembers his younger brother, Anthony Day, telling him over the phone. Bennett made it for the semifinal, which his brother's team won in overtime. For the final game, Bennett was joined by 23 family members, one of whom snapped the photo of all three brothers embracing.

"I thought to myself how remarkable it was to have an image of what was clearly one of the best moments of Steven's life," Deitsch said. "I wondered: How many others have a similar image? So I took to Twitter and asked," he said. He credited @Sports_Casters, one of Bennett's accounts, for the idea in his tweet.

And just like that, the heart of the Internet broke wide open.

"I could never have expected what came next," he said.

Deitsch (@richarddeitsch) has more than 84,000 followers on Twitter. He is a writer and reporter for Sports Illustrated and adjunct professor at Columbia University's Graduate School of Journalism. He considers himself well-versed on the power of social media. By comparison, @Sports_Casters is a tiny account with only 676 followers. But as people began responding to Deitsch with their birth, reunion and marriage proposal photos, they were also sharing them with @Sports_Casters. Both were humbled and grateful for the opportunity to showcase the best of humanity.

Hundreds of photos have been shared with both accounts, and continue coming in, Deitsch said. Scrolling through his newsfeed, one finds photos of a child's first day of school and high school graduations. A child meeting a sibling for the first time and a baby recovering from open-heart surgery. But there are also unexpected moments of joy witnessed, like a long-married couple exchanging a final goodbye, hard-earned sports victories, and the day a woman opens her eyes after undergoing a heart and double-lung transplant.

Ryan Kaltenbach (@RyanKaltenbach) sent that photo. He said it was taken by his mother-in-law in February of 2012 as they waited for his wife, Sharlie, to open her eyes in a hospital room in Palo Alto, California.

Sharlie was born with cystic fibrosis, a genetic and potentially life-threatening illness that attacks the lungs. Ryan said in the eight years they had been married, he had seen her health deteriorate to the point that she required oxygen to do the simplest tasks, including playing with their then 5-year-old son.

In the 17 months since the surgery, Ryan says Sharlie is unrecognizable.

"She swims. She exercises every day. It's a 180-degree difference," he said.

When Ryan first saw Deitsch's request for photos of best moments, he immediately knew what to send. He says he looks up to Deitsch a lot and finds him a great person to follow on Twitter.

"I am stunned at the volume and how many strangers trusted me with their images," Deitsch says. "But I'm not stunned at the humanity because it exists on Twitter, even amid the hate and snark."

When asked what he learned from this experiment, he said, "It reinforced what I already know: The power of social media is stunning. Nothing about this was expected or planned which is why it's the best thing I've ever done on Twitter."

Mobile users unable to see the Storify below, please click here. CNN's Elizabeth Johnson contributed to this report.

.

Source: http://rss.cnn.com/~r/rss/cnn_latest/~3/BeDSxels45M/index.html

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Wednesday, July 10, 2013

New Yidio app brings users ?two clicks away? from their favorite TV shows and movies

Five years after debuting a pioneering website that serves up more than 1 million TV shows and movies, San Francisco-based Yidio today unveiled its first iPhone application. It?s a must-have app for anyone into must-see TV and film.

Upon initial use, what immediately stands out is the app?s simple and beautiful interface, which quickly displays program options categorized by popularity, recency, and customized settings. Even better, once a registered user identifies a ?show or movie he or she wants to see, viewing it is a tap or two away assuming the user is already registered with iTunes, Netflix, Hulu or one of hundreds of other content providers Yidio serves.

?We spent considerable amount of time testing various designs to ensure users are always 2-clicks away from watching any TV show or movie,? said Yidio co-founder Brandon Eatros.

While the free Yidio app is designed primarily for iPhones, Eatros said the service will be available for iPads in approximately 30 days and Android devices ?in the coming months?. The app is also fully optimized for Apple TV and AirPlay Mirroring. This means that any show or movie you call up from your phone can be enjoyed seamlessly on the big screen. Users can also connect their iPhones directly to compatible televisions and screens with an HDMI cable.

?Ultimately, our vision is that Yidio will be the remote and starting point for watching TV and movies on the big screen,? Eatros said.

Socially-driven content discovery is a huge part of the mix here. Yidio already has more than 3 million registered users and millions of active Facebook followers. Users can see what videos their Facebook friends are viewing to inform their own decisions.

This, combined with easy-to-use tools that allow users to personalize their viewing options, a growing and reliable database of programming, and a slick interface is what the company is relying on to distinguish itself from Fan (formerly Fanhattan) and other incumbent professional video discovery applications.

(Editor?s Note: Appolicious founder Alan Warms is an investor in Yidio Here is what he has to say about the app and company.)

Source: http://www.appolicious.com/tech/articles/13580-new-yidio-app-brings-users-two-clicks-away-from-their-favorite-tv-shows-and-movies

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Tuesday, July 9, 2013

Facebook will be rolling out its Graph Search to hundreds of million users in the United States toda

Facebook will be rolling out its Graph Search to hundreds of million users in the United States today. Look out for it!

Source: http://gizmodo.com/facebook-will-be-rolling-out-its-graph-search-to-hundre-699845111

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A Month After Going International, Social Commerce Platform Fancy Raises $53 Million

imgresFancy, the shoppable rival to Pinterest, is said to have raised $53 million from investors, bringing the company valuation to $600 million, Bloomberg reported this morning. The July 3 SEC filing disclosing the funding round did not name the full roster of investors. A Bloomberg source “familiar with the matter” said the backers include American Express, Len Blavatnik, and Will Smith. AmEx President Edward Gilligan, Twitter’s Jack Dorsey, Kering chairman Francois-Henri Pinault, and Facebook co-founder Chris Hughes are listed on the filing. COO Michael Silverman declined to comment to TechCrunch on how the company will be putting this investment to use, but it could have something to do with the announcement last month that Fancy would begin shipping worldwide. The international expansion was the result of demand from non-US users, who account for just under half of all users, Silverman told TechCrunch last month. As we pointed out, Fancy does face tough competition in the U.S. from sites like Polyvore and Wanelo, which rank well above it on the iPhone app store. Moving internationally could lower the field of competitors. Often compared to Pinterest for its image sharing format, Fancy has been working on the idea of social commerce since it enabled users to shop the products in the images directly on the site in February. Another, presumably smaller part of the Fancy business model is sample subscriptions. The company started selling its Birchbox-like “Fancy Boxes” in September 2012 and acquired the artisinal food subscription service Samplrs in February. Fancy could be looking to expand this further, but it seems secondary to the international commerce move at this point. Fancy told TechCrunch this morning that they are now seeing about $100,000 per day in sales. They are also claiming nearly 8 million registered users and over 12 million unique visitors across all platforms last month. We’ll be watching to see where these numbers go in the months following Fancy’s internationalization, especially if this latest investment round has anything to do with it.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/5q-Y9UoKfek/

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Cuba to embark on deregulation of state companies

By Marc Frank

HAVANA (Reuters) - Cuba will begin deregulating state-run companies in 2014 as reform of the Soviet-style command economy moves from retail services and farming into its biggest enterprises, the head of the Communist Party's reform efforts said.

Politburo member and reform czar Marino Murillo said the 2014 economic plan included dozens of changes in how the companies, accountable for most economic activity in the country, did business. He made the comments in a closed-door speech to parliament deputies on Saturday, and some of his remarks were published by official media on Monday.

"The plan for the coming year has to be different," Murillo was quoted as saying by Communist Party daily newspaper Granma. He said that of 136 directives for next year "51 impact directly on the transformation of the companies."

The reforms will affect big state enterprises like nickel producer Cubaniquel and oil company Cubapetroleo and entail changes like allowing the firms to retain half of their profits for investment and wage increases and giving managers more authority. The plan also threatens nonprofitable concerns with closure if they fail to turn themselves around.

"Murillo's empowerment of state-run companies is a milestone on the road toward a new Cuban model of state capitalism, where senior managers of government-owned firms become market-driven entrepreneurs," said Richard Feinberg of the Washington-based Brookings Institution and an expert on Cuba's economy.

"But only time will tell whether the government is willing to truly submit the big firms to market discipline - to let the inefficient ones go bankrupt," he said.

Murillo cited the Communist Party's reform plan, adopted in 2011, which he said called for freeing productive forces to increase efficiency and reducing how companies' performance was measured to a few indicators such as profit and productivity.

Already this month, 124 small to medium state businesses, from produce markets to minor transportation and construction concerns, were leased to private cooperatives which, with few exceptions, operate on the basis of supply and demand and share profits.

Hundreds more were expected to follow in the coming years as the state moves out of secondary economic activity such as retailing and farming in favor of individual initiative and open markets under reforms orchestrated by President Raul Castro, who took over for his ailing brother Fidel in 2008.

Cuba's economy was more than 90 percent in state hands up until 2008 and almost all of the its labor force of 5 million workers were state employees.

Cuba began laying off hundreds of thousands of state workers and deregulated small retail services in 2010, simultaneously creating a "non-state" sector of more than 430,000 private businesses and their employees as of July and leasing land to 180,000 would-be farmers.

Now larger enterprises, from communications, energy and mining to metal works, shipping, foreign and domestic trade, are being tweaked as the country strives to avoid bankruptcy and boost growth, which has averaged around 2 percent annually since the reforms began.

John Kirk, one of Canada's leading academic experts on Latin America and author of a number of books on Cuba, summed up the changes announced by Murillo: "Cuba maintains its path towards a mixed economy."

"It appears as if government determination to modernize the economy is slowly overcoming the profoundly rooted inertia of the bureaucracy," he said.

ELIMINATING BARRIERS

Murillo said companies would keep 50 percent of profits for recapitalization, minor investments, wage raises and other activities, instead of handing over all profits to the state and then waiting for permission to spend the money.

"The plan is designed so that a businessman from whatever sector does not have to ask permission to make minor investments to ensure production does not stop," Murillo was quoted as saying.

"It eliminates administrative barriers to salary payments, which directors of companies can decide on, always and when they have sufficient profits to cover them," he said.

Companies, which in the past were assigned hard currency for imports, will now be able to use the money to purchase local products.

"If an institution has ? $200 million to import, and a local producer can produce what it plans to import, this body can directly pay that local producer with the approved funds," Murillo said.

At the same time state firms that have reported losses for two years or more will be expected to turn a profit or they will be downsized, merged with others or closed.

"We can't make a plan that includes companies like these ? because the phenomena of having to finance these losses will persist," Murillo said.

Cuba has already implemented some measures to set the stage for state company reform.

Most companies have been moved out of government ministries in favor of operating as "independent" holding companies and in some cases, such as in tourism, allowed to keep a percentage of revenues.

(Reporting by Marc Frank)

Source: http://news.yahoo.com/cuba-embark-deregulation-state-companies-183730578.html

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Roxy Pro Biarritz 2013 Official Teaser video features sexy HTC 8S and Microsoft Surface

Australian women?s surf and swimwear giant Roxy is currently in hot water over a video teaser for their Pro Biarritz 2013 teaser, which shows some Microsoft mobile hardware in a rather private setting.

The video asks #WhoAmIJustGuess, and while many may guess five-time world champion Stephanie Gilmore, I suspect too few would know the real answer ? the HTC 8S Windows Phone 8 handset and Microsoft Surface.

While the teaser has been accused of lingering too long on sexy lines and curves, I think all will be forgiven if the viewers knew they could have their very own HTC 8S for only $229.95.

Via Reddit.com

Source: http://feedproxy.google.com/~r/WmPowerUser/~3/b1JrJHoJYzw/

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De la Renta to join Clintons and pantsuit in Ark. (The Arizona Republic)

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