Thursday, July 26, 2012

Flag faux pas at the Olympics angers North Koreans

Organizers at the London Olympics mistakenly displayed the South Korean flag before a women's soccer game between North Korea and Colombia.?

By Frank Griffiths,?Associated Press / July 25, 2012

The North Korean women's soccer team runs out on to the field before their match with Colombia, Wednesday at Hampden Park Stadium in Glasgow.

Chris Clark/AP

Enlarge

London Olympic organizers mistakenly displayed the South Korean flag on a jumbo screen instead of North Korea's before a women's soccer match Wednesday, prompting the North Koreans to refuse to take the field for nearly an hour.

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The flag flap began during player introductions when a North Korean player was introduced along with a shot of the South Korean flag.

The match against Colombia was delayed for more than an hour, and organizers apologized for the error.

"If this matter couldn't have been resolved, then I thought going on is nonsense," coach Sin Ui Gun said through an interpreter after North Korea won 2-0. "We were angry because our players were introduced as if they were from South Korea, which may affect us very greatly as you might know."

The coach said the organizers corrected the mix-up, although it took some time. Large images of the North Korea flag were put up on both stadium jumbo screens during the delay and the players finally came out.

The team manager refused to have the coach respond to a question of what North Korea leader Kim Jong Un's reaction would have been to the incident.

The London organizers took the blame.

"Today ahead of the women's football match at Hampden Park, the South Korean flag was shown on a big screen video package instead of the North Korean flag. Clearly that is a mistake," organizers said. "We will apologize to the team and the National Olympic Committee and steps will be taken to ensure this does not happen again."

The statement, however, included another gaffe: It failed to refer to the countries by their official Olympic names, causing organizers to reissue the statement using "Republic of Korea" and "Democratic People's Republic of Korea."

Commenting on the flap, the International Olympic Committee pointed to London officials.

"It's a matter for the organizers," IOC spokesman Mark Adams said.

The players walked past reporters after the match still in uniform without stopping. Two were carrying flags ? the correct North Korean one.

North Korea and South Korea are bitter rivals. The flag mix-up comes amid high tension on the Korean Peninsula following a North Korean long-range rocket launch in April and repeated threats by Pyongyang to attack the South. Seoul and the U.S. have called the launch a cover for a test of banned long-range missile technology. North Korea says the rocket, which broke apart shortly after liftoff, was meant to put a satellite into orbit.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/0DRbFkifepQ/Flag-faux-pas-at-the-Olympics-angers-North-Koreans

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Stradley Ronon Partner Presents CLE for The Commonwealth's ...

- Stradley Ronon partner Andrew K. Stutzman co-presented ?Commercial Creditors? Rights,? at a Continuing Legal Education seminar for lawyers of The Commonwealth of Pennsylvania on July 19 in Harrisburg. The program considered rights and remedies for defaults in commercial financing arrangements of the Commonwealth and its various agencies and affiliated entities.

As chair of the firm?s mortgage & lending litigation practice, Mr. Stutzman oversees a team of lawyers who represent financial services and other clients in litigation involving consumer and commercial loan transactions.

About Stradley Ronon Stevens & Young ? www.stradley.com

Counseling clients since 1926, Stradley Ronon has helped private and public companies ? from small businesses to Fortune 500 corporations ? achieve their goals. With seven offices and more than 200 attorneys located throughout the mid-Atlantic region, Stradley Ronon is the only eastern Pennsylvania member of Meritas, the world?s largest affiliation of independent commercial law firms.

Source: http://www.jlns.com/legal-wire/2012/07/24/stradley-ronon-partner-presents-cle-commonwealth%E2%80%99s-finance-practi

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Tuesday, July 24, 2012

Dow Jones to sell newswires through WSJ.com: CEO

(Reuters) - When Lex Fenwick started his job as CEO of Dow Jones & Co more than five months ago, he found it strange that one of Wall Street's most historic and well-known brands did not have a direct pipeline into Wall Street itself.

The 130-year-old publisher of Dow Jones Newswires relies on third parties, including rivals Bloomberg LP and Thomson Reuters Corp, to deliver its content to banks, brokers and funds; it does not have its own distribution channel.

Fenwick intends to address that with a plan to make the Wall Street Journal's website a single portal for financial institutions to access all content from Dow Jones, including Newswires and risk and compliance tools.

"Even bloggers have their own distribution platform," Fenwick, 53, told Reuters in his first interview since Dow Jones' owner, News Corp, hired the British executive from Bloomberg in February. "For a rich content company to not have a distribution channel directly to an institutional customer seems to be shortsighted," he said.

Fenwick's ambitions to sell directly to financial institutions is a change in strategy for Dow Jones. It comes at a critical juncture for Rupert Murdoch's News Corp, which is preparing to spin off its slower-growing publishing assets from the more lucrative film studio, cable and broadcast TV networks.

As newspapers around the world suffer sharp drop-offs in advertising sales, the standalone publishing company will need to bolster its business with financial institutions and other companies to drive growth.

Fenwick said he intends to raise prices for the newswires, whether customers get them through WSJ.com or through market data platforms sold by Bloomberg, Thomson Reuters, FactSet Research Systems Inc and Interactive Data Corp.

That could be a tough sell given that many Wall Street banks, whose profitability has been sagging, are currently cutting staff and seeking to save costs.

DISRUPTIVE

When News Corp bought Dow Jones in 2007 for $5.6 billion, Murdoch mainly wanted to get his hands on the Journal. He invested in the paper and its website and cut costs, whittling down 17 printing facilities to nine and outsourcing print to metro newspapers.

Analysts estimate News Corp's publishing assets to be worth $7 billion, dwarfed by the entertainment unit's $52 billion. Newswires and the Factiva news database generated about $500 million in revenue last year, a quarter of overall Dow Jones revenue.

Last year, Dow Jones had the opportunity to bring in an executive with experience selling to business clients when Les Hinton stepped down as CEO in the wake of the phone-hacking scandal at a Murdoch paper in Britain.

Enter Fenwick, a 25-year veteran at Bloomberg, credited with building its European business, implementing a laser-like focus on customer service, and doubling revenue to $6 billion when he was CEO from 2001 to 2008.

Since joining Dow Jones, Fenwick has created a stir by voicing to sales staff and customers his dislike of the company's reliance on distributing through rivals, the so-called feed business. Some of these sales staff and customers said Fenwick's attitude has sparked speculation that his ultimate goal in creating a new platform is to cut out third-party distributors.

"The idea of reselling or delivering through Thomson Reuters, Bloomberg or others ... it is very much a question mark if that is going to continue," said one such source, speaking on condition of anonymity. "There was a very clear sense communicated by Lex to the sales organization that he did not like the feed business."

But Fenwick rejects that description of his strategy, saying there were no plans for Dow Jones to acquire the market data it would need to compete with its larger rivals, which can package news with real-time price quotes, charts and analytics.

He said he sees little near-term opportunity to loosen the stranglehold of the big data distributors.

"We have plans to build and evolve our product. Absolutely," he said. "But Reuters and Bloomberg have been doing this for 30 years. Do you really believe that anybody could go out and do something that is comparable in three years? In six years? It would have to be so disruptive and so extraordinary."

Bloomberg, Thomson Reuters, FactSet and IDC all declined to comment.

"GRAND CENTRAL"

The WSJ.com is now mainly a consumer website that carries a selection of stories from Newswires but far from the entire feed. The goal of the project, dubbed "Grand Central," is to crack open new markets using the brand cachet of the Journal, Fenwick said.

He sees hedge funds, independent retail brokerages, and corporate executive suites as areas where the company could pick up additional clients through direct sales - but the site won't be targeting the big banks.

"The likelihood of a high-end institutional guy at Goldman Sachs saying, 'I am going to get the new DJ Grand Central product' - we don't sit here and honestly think that is going to happen," Fenwick said.

Pricing is a key issue for Fenwick.

Currently, Dow Jones prices vary and it offers big discounts for large orders.

For example, Dow Jones news service - historically known as the broad tape - can cost as little as about $20 a user for big brokerages with tens of thousands of users, to as much as $900 for a firm with just one user, according to Douglas B. Taylor, managing partner at Burton-Taylor International Consulting LLC. The size of the difference is partly related to the costs of installation, which drop per user if there are more.

Fenwick said the bulk deals are likely to continue but at higher prices. "We would like to put the prices up, as against down," he said.

On the website, Fenwick is seeking to create more standard, transparent pricing, which would mean a customer would pay the same per log-on whether ordering for one user or for many. He declined to be specific about the prices.

In some ways, Fenwick's strategy takes a page from the playbook of his former employer: Bloomberg sells one product for one price - about $20,000 a year -- to all customers.

But given the problems on Wall Street, some analysts say the banks are likely to push for discounts.

"Bloomberg is the only one that has been able to stick to this very firm fixed-price model because they are most unique in terms of content," said Piper Jaffray analyst Peter Appert. "Given the financial pressure the customers are under, it would be fairly challenging" for Dow Jones.

Dow Jones, whose clients range from big banks like Bank of America Merrill Lynch to brokerages like Raymond James Financial Inc, has tried a proprietary platform before.

In 1990, it bought out the rest of electronic financial information company Telerate that it did not own for about $1.6 billion. But the acquisition was a disaster due to cultural clashes and weak product development. In 1998, Dow Jones dumped the remains of the business for little more than $500 million.

(Additional reporting by Jennifer Merritt; Editing by Tiffany Wu, Martin Howell and M.D. Golan)

Source: http://news.yahoo.com/dow-jones-sell-newswires-wsj-com-ceo-143731934--sector.html

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Monday, July 23, 2012

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Hi, there are three spots open in The Four. It is a great roleplay and i want to get it started :) please check it out

roleplay/the-four/

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Aquino urged to tackle China in annual speech

[ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]

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Source: http://news.yahoo.com/aquino-urged-tackle-china-annual-speech-021310295.html

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Sunday, July 22, 2012

TV radio sports schedule for July 21-22, 2012 ? Sports ? Bangor ...

SATURDAY

AUTO RACING

Formula One Grand Prix of Germany, qualifying, 8 a.m., Speed-TV

NASCAR Nationwide Series, STP 300, practice 12:30 & 2 p.m., ESPN2-TV

NASCAR Truck Series, qualifying 4 p.m. (delay), race 8 p.m., Speed-TV

ARCA, Ansell ActivArmr 150, 5 p.m., Speed-TV

IRL, IndyCar, Edmonton Indy, 6:30 p.m., NBCSN-TV

BASEBALL, MAJOR LEAGUE

TORONTO at BOSTON, 7 p.m., NESN-TV; WZON Bangor (620 AM), WDEA Ellsworth (1370 AM), WHOU Houlton (100.1 FM), WQDY Calais (92.7 FM), WSYY Millinocket (1240 AM), WALZ Machias (95.3 FM), WEGP Presque Isle (1390 AM), WFAU Augusta (1280 AM), WKTJ Farmington (99.3 FM), WIGY Madison (97.5 FM) radio

SAN FRANCISCO at PHILADELPHIA, 3:30 p.m., WFVX-TV

ATLANTA at WASHINGTON, 7 p.m., MLB-TV

CHICAGO CUBS at ST. LOUIS, 7 p.m., MLB-TV

N.Y. YANKEES at OAKLAND, 8:30 p.m. WBAE/WGAN Portland (1400 & 1490 AM) radio

CYCLING

Tour de France, stage 19, 8 p.m., NBCSN-TV

FOOTBALL, HIGH SCHOOL

Lobster Bowl, 3:30 p.m., Internet: MBRRadio. com

GOLF

British Open, 7 a.m., ESPN-TV

PGA, True South Classic, 3 p.m., The Golf Channel-TV

USGA, U.S. Girls? Junior Amateur Championship, 6 p.m., The Golf Channel-TV

MOTORCYCLE RACING

AMA Motocross, 11 p.m., NBCSN-TV

TENNIS

ATP, BB&T Atlanta Open, 7 p.m., ESPN2-TV

WTA, Mercury Insurance Open, 11 p.m., ESPN2-TV

SUNDAY

AUTO RACING

NASCAR Nationwide Series, STP 300, qualifying, 11:30 a.m., ESPN2-TV; race 3 p.m., ESPN-TV; WNZS Veazie (1340 AM) radio

Formula One, Grand Prix of Germany, noon, WFVX-TV

IRL, Indy Lights, 12:30 & 2 p.m., NBCSN-TV; WZAN Portland (970 AM) radio

American Le Mans Series, Grand Prix of Mosport, 1 p.m., ESPN2-TV

NHRA, Mile-High Nationals, 7 p.m., ESPN2-TV

BASEBALL, MAJOR LEAGUE

TORONTO at BOSTON, 1:30 p.m., NESN-TV; WZON Bangor (620 AM), WDEA Ellsworth (1370 AM), WHOU Houlton (100.1 FM), WQDY Calais (92.7 FM), WSYY Millinocket (1240 AM), WALZ Machias (95.3 FM), WEGP Presque Isle (1390 AM), WFAU Augusta (1280 AM), WKTJ Farmington (99.3 FM), WIGY Madison (97.5 FM) radio

L.A. DODGERS at N.Y. METS, 1 p.m., TBS-TV

CHICAGO CUBS at ST. LOUIS, 2 p.m., WGN-TV

N.Y. YANKEES at OAKLAND, 7 p.m. WBAE/WGAN Portland (1400 & 1490 AM) radio

TEXAS at L.A. ANGELS, 8 p.m., ESPN-TV

BASKETBALL, MEN

U.S. vs. ARGENTINA, midnight (delay), ESPN2-TV

CYCLING

Tour de France, final stage, 8 a.m., NBCSN-TV; 1 p.m., NBC-TV

GOLF

British Open, 7 a.m., ESPN-TV

PGA, True South Classic, 3 p.m., The Golf Channel-TV

MOTORCYCLE RACING

FIM World Superbike, 4 p.m., Speed-TV

TENNIS

ATP, BB&T Atlanta Open, 3 p.m., ESPN2-TV

WTA, Mercury Insurance Open, 5 p.m., ESPN2-TV

Source: http://bangordailynews.com/2012/07/21/sports/tv-radio-sports-schedule-for-july-21-22-2012/

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