Air Canada wildcat sparked by a sarcastic exchange

Video: Air Canada strike

Workers returned to their jobs and passengers tried to get to their destinations after a wildcat strike by Air Canada ground crews led to dozens of flight delays and cancellations.

A sarcastic exchange between Air Canada employees and federal labour minister Lisa Raitt was all it took to set off a nation-wide wildcat strike.

Raitt was walking through Toronto Pearson International Airport Thursday evening when three Air Canada ground workers began heckling her.

“Workers started clapping and saying, ‘Thanks for taking our right to strike,’” said ramp worker Geoff Ward.

The trio was slapped with a three-day suspension. Ultimately, 37 employees received some kind of penalty.

By 10:30 pm, the ground workers, members of the International Association of Machinists and Aerospace Workers (IAMAW), were banding together for a brazen wildcat which would last 13 hours.

Employees in Vancouver, Montreal and Quebec City followed in solidarity, throwing Air Canada’s domestic flight schedule into chaos for the day.

It’s a confrontation nine years in the making. To keep the airline from bankruptcy, unions have agreed for their membership to take pay cuts, delayed pension payments, salary freezes and layoffs.

Today, the company is faring better, but the relationship between management and employees is battered by chronic negotiations, government intervention and talk of a discount airline.

As of Friday evening, the peace between Raitt and the union was tenuous.

“We encourage the parties to resolve this internal dispute, return to work and restore the confidence to the travelling public,” said a statement released by Raitt’s office.

“We’re making our members fully aware that if they decide to walk off the job and protest anything they could be fired,” said IAMAW spokesman Bill Trbovich.

“As it stands right now everyone is back to work with the exception of three guys who were suspended last night,” he said.

“I hesitate to say everything is back to normal.”

Air Canada has been plagued by labour troubles for the past year. The airline and its pilots and mechanics have been in a bitter contract feud that recently prompted the federal government to step in with legislation banning strikes or lockouts at the airline.

Ottawa also had to intervene in contract disputes involving the airline’s flight attendants and its customer service agents.

Air Canada’s stock price remained stable at 82 cents a share, but SP placed the airline on credit watch with negative implications. The rating agency worried about labour disruption and the possibility Air Canada would be on the hook for severance packages for laid off Aveos employees.

Those booking flights also said the company took a hit.

Travel agent Maria Stenardo booked an April flight for a client whose only request was: “not Air Canada.”

Stenardo, of Etobicoke’s Belview Travel Services, says they are reluctant to book Air Canada flights until the labour dispute is resolved.

“We like Air Canada…but we just wish they’d fix it once and for all, for both parties,” she said.

More than 200 Air Canada flights in and out of Pearson International Airport and dozens more flights in and out of Montreal’s Pierre Trudeau International Airport and the Quebec City and Vancouver airports were hit by the walkouts.

“Lisa Raitt came on one of our flights. Got heckled…Entire ramp walked out at YYZ (Pearson),” said a text received by one striker Thursday night shortly after 10 p.m.

“Corporate security was trying to provoke us,” said baggage worker Pascal Leroux, 43. “The reaction was heavy-handed.”

It turned ugly. An Air Canada customer service employee was spat on by an angry passenger who had been swearing at the picket line.

.

Police moved in and the spitter came back shortly afterwards to apologize, a man who identified himself as the Air Canada employee’s husband said.

“The public doesn’t understand. They think we’re overpaid monkeys,” said ramp worker Randy Hale.

Striking ground workers were circulating a document explaining their wildcat.

“The use of forced overtime and the systematic and persistent discipline of employees without due process with the heavy-handed tactics they use to intimidate and demoralize the workforce must cease.

“We want a ruling from the CIRB (Canadian Industrial Relations Board) on whether or not we are an essential service.”

Airport workers belonging to the CAW and CUPE unions joined the strikers with signs. A purple bus belonging to CUPE 966 arrived at midmorning with President’s Choice chocolate chip cookies and water.

One customer service worker said she was there because the suspensions “were the icing on the cake. The meat and potatoes of it is that our right to strike has been stripped away.”

The Government of Canada was opposed to the strike, threatening to enforce fines of up to $1,000 a day for employees and $100,000 for the union, IAMAW.

Though most wildcat strikers were working by noon, about a dozen others remained outside. The cluster of militants booed as workers walked through the terminal.

“We’re not going back to work until we get a promise from Air Canada at the negotiating table,” said ground worker Sean Goveas. “The actual issues haven’t been addressed. We won’t go back if any of us are disciplined.”

At Pearson, about 50 people lined up in front of the Tim Hortons counter as stranded passengers clogged Terminal 1.

Sitting nearby was federal Minister of Natural Resources Joe Oliver, whose Toronto to Sudbury flight was cancelled. He called it “regrettable” that passengers were inconvenienced.

Jane Halas’s Vancouver to Ottawa flight stranded her in Toronto en route to visit a sick mother-in-law.

“I think they should be fired. I won’t be flying Air Canada anymore. I’ll be flying WestJet.”

Soon after the job action began, many passengers said they had no idea where their luggage was, or how they were going to get to their destinations. One passenger described the situation at the airport as “a zoo.”

Many people had to leave flights already on the tarmac until management was able take over some baggage handling duties and allow the delayed flights to continue.

In order to facilitate changes to travel plans, Air Canada has revised its ticketing policy for customers booked on flights until Sunday March 25, 2012. Those wishing to rebook can do so free of charge until the last day of April.

Later in the day, an Occupy group briefly set up camp in Lisa Raitt’s Milton office. A Facebook group calling for her resignation also popped up.

The wildcat may be over, but some say the repercussions will linger — at the customer’s expense.

Fred Lazar, an economist at York University’s Schulich School of Business and long-time airline observer, says it would be optimistic to expect smooth sailing when flying on Air Canada.

“Just because you go back to work doesn’t mean you’ll be working all that hard,” he said.

“I think some people will feel ‘why should I care about the customer if my employer doesn’t care about me?’”

With files from Josh Rubin and The Canadian Press

Article source: http://www.thestar.com/business/article/1150769--air-canada-wildcat-sparked-by-a-sarcastic-exchange

Virginia SEO and Web Design Company Announces Another Superb Website Launch – Virtual

RevBuilders Marketing launches website for commercial construction company. Client is very happy.

Gainesville, VA (PRWEB) March 23, 2012

RevBuilders Marketing, a Virginia SEO and web design firm, has successfully launched yet another spectacular website. The website, for commercial construction company Gainesville Construction, launched March 23, 2012.

Working with the RevBuilders team, especially Tamara Schaad, Project Manager, was a wonderful experience says Bruce Cinibulk, Construction Manager, Gainesville Construction, LLC. They listened and learned about our industry and our company values, and subsequently designed a website that is a perfect representation of our business. They took care of everything. I highly recommend anyone who needs a website to give RevBuilders a call.

The website was developed in response to a shift in focus from offline to online by commercial construction clients. “By going where people are looking, and having a website which shows who they are and what they’re about, Gainesville Construction is making an important step towards finding people in their target market,” says Scot Small, President and CEO of RevBuilders Marketing.

Gainesville Construction is a general contracting company which was founded in 2001. The company currently services business projects throughout Northern Virginia, DC and Maryland. After 11 years of working with clients, Gainesville Construction, LLC has learned that the key to a successful project is communication and hard work. We feature such clients as Gold’s Gym, Pizza Hut and Lockheed Martin.

Previously, the construction company’s only web presence was through online “business pages” sites, such as MerchantCircle.

For more information about the company, Gainesville Construction’s new website can be found at http://www.gainesvilleconstructionllc.com/.

RevBuilders is a leading web development expert in PHP Programming, ASP.Net Programming, AJAX Programming, RoR Programming, Custom Programmed Content Management E-Commerce Solutions/ Open source Customized Content Management E-Commerce Solutions, Web 2.0 Designing (100% table less or div based designs) developed in xhtml / css as per the w3c guidelines and Rich Internet Applications (RIA’s) are applications built using Adobe Flash Flex AIR Action Script, Adobe Flex, Adobe Flex(AIR), Microsoft Silverlight, Sun JAVAFX AJAX and Web 2.0 Application Development.

RevBuilders Marketing also has broad expertise in Mobile Application Development. Mobile Application Development includes development, implementation and support of applications which are meant for hand held devices such as PDAs smart phones and I pads and other tablets. Robust and scalable mobile application development requires expert skills and a knowledgeable team of developers who can accomplish your requirements with ease.

About RevBuilders Marketing, a leading SEO Company

RevBuilders Marketing is a full-service online marketing agency, offering a complete range of integrated online marketing services: SEO or Search Engine Optimization, Paid Search Management, Social Marketing, Email Marketing, and Content Writing. In addition, through effective Web Design and Development and conversion optimization, RevBuilders converts the increased SEO traffic into leads and sales for their clients. RevBuilders Marketing is located in Gainesville, Virginia, serving a client-base across the country. Visit RevBuilders.com for more information.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/3/prweb9324644.htm

Article source: http://www.virtual-strategy.com/2012/03/23/virginia-seo-and-web-design-company-announces-another-superb-website-launch

Camden Creative Arts students win at state fashion design competition

Ador Tolbert, a junior at Camden’s Creative Arts Morgan Village Academy, spent the last month cutting, stitching, and sewing navy-blue and leopard-printed fabric in her fashion design class.

On Friday, she proudly modeled her final product — a navy knee-length skirt and a matching blazer with leopard lining — on the runway at the New Jersey Family, Career and Community Leaders of America annual conference at the Cherry Hill Crowne Plaza.

Her fashion creation is a reflection of her personality, Ador said.
“I’m plain on the outside, but bold on the inside,” the soft-spoken teenager said confidently.

Among hundreds of students from 40 competing schools statewide, Ador won first place in the sportswear category. The two-day event consisted of various vacational competitions (fashion, baking, cake decorating), workshops and motivational speakers. It ended Friday with the annual fashion show.

Her classmate, senior Dalia Perez, took first place in the “career jacket” category and second place in “recyclable garments“ for her creative “punches dress” — a rainbow-stripped sweater she made into a dress by cutting it in half and weaving empty Kool-Aid and Capri Sun juice pouches to make up the midsection part of the dress.

“I was screaming my head off” when each girl’s name was announced, said Santina Upshaw, Creative Arts’ fashion design teacher. “This is the first time we do this [competition].”

Dalia and Ador were chosen from Upshaw’s 12 students to represent their school. Creative Arts Morgan Village Academy was the only city school to participate in the FCCLA conference.

Dalia’s inspiration for her punches dress came from a Kool-Aid box that promoted recycling by asking fans to “do something ‘Kool’” with old juice packs, she said.

She jazzed up the outfit by adding rhinestones to the collar of the sweater.

Dalia will head to the University of the Arts in Philadelphia to study fashion merchandising in the fall.

Ador also wants to go into the fashion business. She is committed right now to designing her own prom dress.

Article source: http://www.philly.com/philly/blogs/camden_flow/144035536.html

HTML5: More than Just Video

While it’s HTML5 video that gets all the attention, there’s a lot more to HTML5. At the recent HTML5 Video Summit in Los Angeles, Michael Dale, senior developer at Kaltura, guided the audience through all the mark-up language’s many new and improved offerings. He also touched on a few video-related topics, including how HTML5 makes video decoding possible in the browser.

“The HTML5 platform is becoming very robust and you can see real complicated — H.264 decoding is even complicated for desktops, right? If you don’t do it right on a desktop player, it’s going to be choppy and not decode in real-time. The fact that they’re able, we’re now able to see it running in a browser faster than real-time on a desktop browser is indicative of where things are headed. It also runs on your phone because we’re able to push out these modern browsers even though the Android update to — I’m running a nightly build of Firefox or something on this device and it’s able to take advantage of the latest features of JavaScript and able to decode the video on a phone, as well, in JavaScript.

“It doesn’t work very well; it probably eats the battery very quickly, but the point is that the HTML5 platform overall is becoming very robust and supportive of a lot of features. Here’s the Google Maps thing I was talking about earlier. This is using WebGL. Notice that it’s very smooth, it looks more like a native application, it doesn’t have that choppy title-based thing going on,” said Dale.

For more on HTML5, including practical application and a look at where HTML is going next, watch the full video below.

<!–
By use of this code snippet, I agree to the Brightcove Publisher T and C
found at https://accounts.brightcove.com/en/terms-and-conditions/.
–>

<!–
This script tag will cause the Brightcove Players defined above it to be created as soon
as the line is read by the browser. If you wish to have the player instantiated only after
the rest of the HTML is processed and the page load is complete, remove the line.
–>

Article source: http://www.onlinevideo.net/2012/03/html5-more-than-just-video/

Mobile SEO Separate From Responsive Web Design

Bryson-MeunierGoogle, Bing and Yahoo apparently haven’t convinced brands they need to build separate Web sites for access from mobile devices, because some marketers still think about
repurposing desktop Web sites through a technique called responsive Web design.

Responsive media, or Web design, means designing a Web site once, and formatting the content to accommodate
access by multiple devices, from desktop to mobile. The technology isn’t new, but the concept of using one set of code to do multiple tasks has grown.

Through fluid grids, flexible layouts and
media queries that allow designers to create specific layouts for devices, companies should be able to reformat desktop sites for access by mobile phone and tablet devices, according to Ethan
Marcotte, a Boston-based Web designer and developer.

Despite the fact that big companies pull their weight behind parts — or all — of the
concept, not all search engine optimization (SEO) experts agree. The theory makes content available from one site to everyone who accesses the content from any device. But the interest driven by a
low-cost implementation and maintenance fees has its shortcomings, according to Bryson Meunier, director of content solutions at Resolution Media.

Some have called responsive design a solution to the problem of mobile SEO, although Meunier believes a mobile first solution is
more competitive in organic search.

Meunier said Marcotte never meant for responsive Web design to replace mobile sites. These sites should accommodate different goals from the user, and
companies need to design Web sites that are specific to mobile. When it comes to search engine optimization, “if there’s a lot of additional mark-up on the site that needs to be suppressed to deliver
the content users want to see, it will slow down the site and possibly deliver the wrong content,” he said.

Providing a better mobile experience often requires specific mobile keyword
research, Meunier said. State Farm Insurance and Esurance Car Insurance have content on their mobile sites that doesn’t exist on their desktop sites. Having different content would not be possible
with responsive Web design because the idea means using the same content formatted differently.

Most people who search for information from these brands on a mobile device look for accident
resources. “About 75% of mobile-query volumes related to these companies want towing services,” he said, adding that the two companies highlight accident resourcing prominently on their mobile
sites.

Meunier is concerned that hundreds of companies are investing in a temporary solution that marketers believe is permanent. He also believes continued growth of responsive Web design
could stall growth of the mobile Web if searchers aren’t finding what they need. “Link equity doen’t enter into the equation similar to desktop search,” he said. “In mobile search, Google, at
least in December, had an update called old possum that allowed Webmasters to indicate with a redirect code the correct version of the page that should appear in mobile search results.”

The
biggest problem with repurposing desktop sites into mobile is that search behavior on tablets and smartphones is different. Sites that are simply reformatted versions of the desktop are not likely to
address all the needs of the mobile consumer.

Article source: http://www.mediapost.com/publications/article/170903/mobile-seo-separate-from-responsive-web-design.html

MF Global’s Corzine Ordered Funds Moved to JPMorgan, Memo Says

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Jon Corzine

Jon Corzine

Jon Corzine

Andrew Harrer/Bloomberg

Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., during a House Financial Services Committee hearing in Washington on Dec. 15, 2011.

Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., during a House Financial Services Committee hearing in Washington on Dec. 15, 2011. Photographer: Andrew Harrer/Bloomberg


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MF Global

MF Global

MF Global

Stephen Yang/Bloomberg

MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York.

MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York. Photographer: Stephen Yang/Bloomberg

Jon S. Corzine, MF Global Holding
Ltd. (MFGLQ)
’s chief executive officer, gave “direct instructions” to
transfer $200 million from a customer fund account to meet an
overdraft in one of the brokerage’s JPMorgan Chase Co. (JPM)
accounts in London, according to an e-mail sent by a firm
executive.

Edith O’Brien, a treasurer for the firm, said in an e-mail
sent the afternoon of Oct. 28, three days before the company
collapsed, that the transfer of the funds was “Per JC’s direct
instructions,” according to a copy of a memo drafted by
congressional investigators and obtained by Bloomberg News.

O’Brien’s internal e-mail came as the New York-based broker
found intraday credit lines limited by JPMorgan, the firm’s
clearing bank as well as one of its custodian banks for
segregated customer funds, according to the memo, which was
prepared for a March 28 House Financial Services subcommittee
hearing on the firm’s collapse. O’Brien is scheduled to testify
after being subpoenaed this week.

“Over the course of that week, MF Global (MFGLQ)’s financial
position deteriorated, but the firm represented to its
regulators and self-regulatory organizations that its customers’
segregated funds were safe,” said the memo, written by
Financial Services Committee staff and sent to lawmakers.

Vinay Mahajan, global treasurer of MF Global Holdings,
wrote an e-mail on Oct. 28 that said JPMorgan was “holding up
vital business in the U.S. as a result” of the overdrawn
account, which had to be “fully funded ASAP,” according to the
memo.

O’Brien Letter

Barry Zubrow, JPMorgan’s chief risk officer, called Corzine
to seek assurances that the funds belonged to MF Global and not
customers. JPMorgan drafted a letter to be signed by O’Brien to
ensure that MF Global was complying with rules requiring
customers’ collateral to be segregated. The letter was never
returned to JPMorgan, the memo said.

The money transferred came from a segregated customer
account, according to congressional investigators. Segregated
accounts can include customer money and excess company funds.

Corzine testified that he never intended a misuse of
customer funds at MF Global, and that he doesn’t know where
client funds went.

“I did not instruct anyone to lend customer funds to
anyone,” Corzine told lawmakers in December.

Steven Goldberg, a spokesman for Corzine, declined
immediate comment.

$1.6-Billion Shortfall

The bankruptcy trustee overseeing the liquidation of the
company’s brokerage subsidiary has estimated a $1.6-billion
shortfall between customer claims and assets available.

Lawmakers and investigators from the Commodity Futures
Trading Commission, Securities and Exchange Commission and
Department of Justice have been reviewing events leading up to
MF Global’s bankruptcy filing. Executives including Corzine, a
Democrat who served in the Senate before he was elected governor
of New Jersey, gave testimony on the collapse at three
congressional hearings last year.

Representative Randy Neugebauer, a Texas Republican, will
hold the third in a series of hearings into the firm’s failure.
Neugebauer, the chairman of the Financial Services oversight and
investigations subcommittee, will release a final report on his
investigation into the firm’s failure.

MF Global and its brokerage, MF Global Inc., sought Chapter
11 bankruptcy after a $6.3 billion bet on the bonds of some of
Europe’s most indebted nations prompted regulator concerns and a
credit rating downgrade. Corzine quit MF Global Nov. 4.

O’Brien, who was subpoenaed by lawmakers this week to
testify at the hearing on the final week before the New York-
based futures brokerage’s failure, was identified by Corzine as
someone with knowledge of a transfer of funds from customer
accounts before the firm sought bankruptcy protection Oct. 31.

CME Audit

Reid H. Weingarten, O’Brien’s lawyer, did not immediately
respond to a phone call and e-mail seeking comment.

The memo’s account of the e-mail exchanges aligns with what
Terrence Duffy, the executive chairman at CME Group Inc. (CME), told
lawmakers during a December congressional hearing. Auditors at
CME, which had authority to oversee MF Global, learned from an
employee of the brokerage that Corzine knew about the loans
involving a European affiliate, Duffy told committee members.

O’Brien is scheduled to appear before lawmakers with
Christine Serwinski and Laurie Ferber, two other MF Global
executives named by Corzine as being involved in the
transaction, according to the memo. Henri Steenkamp, the firm’s
chief financial officer, is also scheduled to testify, as is a
representative from JPMorgan who has not yet been identified.

To contact the reporters on this story:
Phil Mattingly in Washington at
pmattingly@bloomberg.net;
Silla Brush in Washington at
sbrush@bloomberg.net

To contact the editor responsible for this story:
Maura Reynolds at
mreynolds34@bloomberg.net

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Article source: http://www.bloomberg.com/news/2012-03-23/mf-global-s-corzine-ordered-funds-moved-to-jpmorgan-memo-says.html

Bats Withdraws IPO After Errors Pummel Its Stock, Halt Apple

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Apple

Apple

Apple

Scott Eells/Bloomberg

New Apple Inc. iPads in New York.

New Apple Inc. iPads in New York. Photographer: Scott Eells/Bloomberg


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Joe Ratterman

Joe Ratterman

Joe Ratterman

Brendan Smialowski/Bloomberg

Joseph Ratterman, president and chief executive officer of Bats Global Markets.

Joseph Ratterman, president and chief executive officer of Bats Global Markets. Photographer: Brendan Smialowski/Bloomberg

Bats Global Markets Inc (BATS)., the six-
year-old equity exchange, canceled its initial public offering,
stunning Wall Street after errors on its own computer systems
kept the stock from trading and forced a halt in Apple Inc.

“I’m reeling from the shock,” James Angel, a finance
professor at Georgetown University’s business school in
Washington, said in a phone interview. “It’s like seeing an
airplane crash on takeoff. To see defeat snatched from the jaws
of victory is always a sad thing.”

Pulling the IPO capped a day of embarrassments for the
electronic exchange, beginning just as the shares were making
their debut. Data received by Bloomberg around 11 a.m. in New
York showed the stock, the first ever listed on its Lenexa,
Kansas-based market, quoted at less than a penny after being
priced yesterday at $16. Around the same time, a 100-share
transaction in Apple was executed on Bats so far away from the
market price that it triggered a halt.

“We believe withdrawing the IPO is the appropriate action
to take for our company and our shareholders,” Joe Ratterman,
the chief executive officer, said in a statement. Asked if that
meant Bats is no longer going public, Randy Williams, a company
spokesman, replied by e-mail, “Yes, that’s correct.”

Market Structure

The malfunctions may refocus scrutiny on modern American
market structure, where two decades of government regulation
have broken the grip of the biggest exchanges and left trading
fragmented over as many as 50 venues. Bats, whose name stands
for Better Alternative Trading System, rose to prominence in
tandem with the proliferation of electronic firms that now
dominate the buying and selling of equities in the U.S.

They also raise questions about the reliability of the
securities venues that were formed as competitors to the New
York Stock Exchange (NYX)
and Nasdaq Stock Market since the 1990s.
Bats’s mission is “making markets better,” according to its
website. “Unlike traditional market operators, we are a
technology company at our core,” the prospectus said.

“When you’re actually the exchange that is coming public
and the platform that you touted as being very robust and
competitive with any other global exchange fails to work, it’s a
real black eye,” Peter Kovalski, a money manager who expected to
receive shares in Bats for Alpine Mutual Funds in Purchase, New
York, which manages about $5 billion, said in a telephone
interview. “It would’ve been different if it was a retail or
manufacturer listing on Bats and having a problem on the first
day of trading. It wouldn’t be as bad.”

Penny Quotes

Bats priced 6.3 million shares through underwriters
yesterday and appeared set to begin trading about 90 minutes
into the day when chaos erupted. While the company quoted its
shares at $15.25 at 10:45 a.m. on its website, feeds including
those sent to Bloomberg LP displayed different prices. At 11:14
a.m., Bloomberg received data showing 1.26 million shares had
traded, with the most recent execution at 3.84 cents and the
lowest transaction at 0.02 cent.

Compounding the confusion, a single trade for 100 shares
executed on a Bats venue at 10:57 a.m. briefly sent Apple (AAPL) down
more than 9 percent to $542.80, data compiled by Bloomberg show.
Two more transactions, which sent the stock back above $598,
were made before the halt. The stock stayed around that level
once trading resumed five minutes later and the errant trade,
along with the Bats transactions, were later canceled.

‘System Issues’

Bats sent a notice about 10 minutes before the Apple trade
saying it was investigating “system issues” affecting
companies with ticker symbols ranging between A and BF. Apple’s
is AAPL. Bats’s ticker was BATS. At 11:07 a.m., Bats’s BYX
Exchange took a procedural step known as “declaring self help”
against its BZX exchange, indicating that it had stopped routing
orders to the market because BZX wasn’t responding to messages
quickly enough.

The canceled stock offering was intended to raise money for
Bats’s owners, which include underwriters Morgan Stanley, Credit
Suisse Group AG and Citigroup Inc. Others that expected to see
proceeds from the deal were high-frequency firm Tradebot Systems
Inc., whose chief executive officer founded Bats, Chicago-based
Getco LLC and Wedbush Inc. in Los Angeles. The estate of Lehman
Brothers Holdings Inc. is also among the biggest owners.

Canceled Trades

Investors who bought shares at $15.25 should support Bats’s
decision to pull the IPO and cancel trades, according to Josef Schuster, founder of Chicago-based Ipox Shuster LLC, which has
about $2 billion tied to indexes that track IPOs. It aided
buyers who would otherwise “have lost a lot of money,” he added.

“For investors and shareholders, withdrawing the IPO was
the best solution,” Schuster said. “If the stock had
opened, there would have been substantial turmoil. You don’t
want an IPO to tumble on the first day. It would have been dead
in the water for some time and may have only traded back up
after months.”

Bats planned to make its own shares the first corporate
listing on its exchange. NYSE Euronext and Nasdaq OMX Group Inc.
own the home venues for the rest of the U.S. stock market.

“It reminds us of what we already know: we open 3,000
stocks here every day, this business has a much higher degree of
complexity than people think it has,” NYSE Euronext Chief
Executive Officer Duncan Niederauer said during an interview
today with CNBC. “It means one thing to be a liquidity venue or
an ECN. It means a very different thing to be an exchange where
you list companies.”

‘Very Low Downtime’

Bats said in a regulatory filing that it “experienced very
low downtime” last year. BZX Exchange, its main market, was
accessible to users 99.94 percent of the time. BYX Exchange, its
second market, was available 99.998 percent of the time, the
company said. The main market processed an average of about
29,000 order messages per second last year, Bats said.

“Historically, Bats has been very reliable, but this is a
question going forward,” Bruce Weber, dean of the Lerner
College of Business and Economics at the University of Delaware
in Newark, Delaware, said in a phone interview. “The
competition that entrants like Bats has brought is good. They
have to provide the reliability investors expect to sustain
their role.”

As of the pricing yesterday, the third-largest U.S. stock
exchange operator had raised $100.7 million in its initial
public offering after selling shares at the bottom of the
proposed range. Bats priced 6.3 million shares for $16 each on
behalf of existing stockholders. The company had offered them
for $16 to $18, according to a regulatory filing.

Broker Owners

Founded by a high-frequency trader in 2005, Bats was
steered to prominence by brokers trying to hold down fees as the
New York Stock Exchange and Nasdaq Stock Market bought their
biggest electronic rivals. The company executed 10.9 percent of
U.S. equities volume last month, compared with 10.7 percent a
year earlier, it said.

The exchange operator was trying to raise money less than
two years after a crash erased $862 billion in less than 20
minutes from U.S. share values, a plunge that critics linked to
the fragmented market structure that helped Bats thrive. The
company was initially built to service high-frequency firms like
Tradebot Systems Inc. Automated trading firm Getco and Wedbush
Inc., owner of an investment bank whose clients include high-
speed firms, bought equity stakes.

An official with the Securities and Exchange Commission’s
enforcement division said last month that the agency is
examining equity trading practices that gained dominance in the
past decade amid the shift to automation. Daniel Hawke, head of
the market-abuse unit, said the SEC is looking at techniques
such as co-location, in which exchanges let traders place
computers close to the market to shave time off executions.

Bats Query

Bats itself got a request from the SEC for information on
the types of orders customers use on its venues. The request,
disclosed in a regulatory filing Feb. 23, sought information
about how order types have evolved at the company. Bats said
regulators asked for documents “related to the development,
modification and use of order types, and our communications with
certain market participants,” including some of Bats’s owners.

About 55 percent of U.S. equities volume comes from firms
using high-frequency trading strategies, Adam Sussman, a partner
and director of research at Tabb Group, said in December. More
than half of that — 32 percent of total stock volume — is from
market makers supplying bids and offers, he said.

“As all the exchanges have gone more toward electronic
trading, and high-frequency, algorithmic trading, there are more
risks of these things happening,” said Nick Einhorn, an analyst
at Renaissance Capital LLC, a Greenwich, Connecticut-based IPO
research and investment firm. “Investors hate uncertainty, and
this is the ultimate uncertainty.”

To contact the reporters on this story:
Nina Mehta in New York at
nmehta24@bloomberg.net;
Nick Baker in New York at
nbaker7@bloomberg.net;
Nikolaj Gammeltoft in New York at
ngammeltoft@bloomberg.net

To contact the editor responsible for this story:
Nick Baker at
nbaker7@bloomberg.net

Please enable JavaScript to view the comments powered by Disqus.

Article source: http://www.bloomberg.com/news/2012-03-23/bats-withdraws-ipo-after-errors-pummel-its-stock-halt-apple.html

Gold Searches for Buyers as Prices Rally

Gold Searches for Buyers as Prices Rally

March 23 (Bloomberg) — Bloomberg’s Alix Steel reports on gold advancing the most in four weeks and looks at the biggest risks for gold going forward. She speaks on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)

Bloomberg’s Alix Steel reports on
gold advancing the most in four weeks and looks at the biggest
risks for gold going forward. She speaks on Bloomberg
Television’s “Money Moves.” (Source: Bloomberg)

Running Time: 02:16

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Article source: http://www.bloomberg.com/news/2012-03-23/gold-searches-for-buyers-as-prices-rally.html

The Top 5 net style Programs

Due to the explosive web growth over the last ten years, lots of individuals and businesses are looking to build an online site. Someone looking to generate an online site needs a rapid, effective, and reliable program to create the proper code.

There’s main categories of design programs to build an online site: programs to build a site from scratch, and tools the use pre-built program design to help you build an online site. Build from scratch programs assist the user in writing the actual code for their website, including CSS, HTML and some texts such as Javascript. Often known as content management systems is Pre-built programming, have all of the necessary coding in place. Users then use an admin interface to personalize the site to their liking.

1. Dreamweaver

Dreamweaver is the most popular, and powerful, website design gizmo. Dreamweaver is disseminated by Adobe program, and is designed to help novices and professionals similar build an online site. It includes code editing capabilities and a What You See Is What You Get, or WYSIWYG editor. Dreamweaver users need to have a basic knowledge of HTML and file structures to effectively build an online site. A free 30 day trial of Dreamweaver is available from the Adobe website to permit new users a fully featured “test drive” before you buy.

2. Microsoft Expressions Web

Microsoft Expression Web is another website design program build from scratch. Expression Web is distributed by Microsoft, and has a parallel program in function to Dreamweaver. It is available for download from the Microsoft official website and also has a free 60 day trial.

3. WordPress

WordPress is the most popular content management systems to build an online site. It is simple to put in, simple to make use of, and is widely supported throughout the world wide web. These are also thousands of themes and plugins that permit users to basically build a powerful and valueble website. Most new users find WordPress simple to learn.

4. Drupal

Drupal is another popular content management technique widely used to build sites. Drupal is parallel to WordPress in that has provided a coding foundation for your site. It is, however, more complicated and advanced than WordPress. Lots of advanced designers user is using Drupal for professional design.

5. Joomla

Joomla is another content management technique that is widely used in new website production. Joomla is parallel to Drupal and offers thousands of templates and plug-ins for complete customization. Some users or clients say Joomla is more difficult to learn, but lots of users basically learn how to make use of this content management technique quickly.

WordPress, Drupal, and Joomla are open-source program. This means they are available at no cost download and installation on your server at no cost. Each of these programs has a vibrant support community and help tools available from a variety of online sources.

 

4D Announces its Annual JS.everywhere and Wakanday Event, October 26-27, 2012 …

Kicks off “Call for Papers and Presentations”

San Jose, CA (PRWEB) March 23, 2012

4D, Inc. announced today its call for papers and presentations for the 2012 JS.everywhere conference, to be held October 26th and 27th at the Fairmont Hotel in San Jose, California.

“Based on the success of our 2011 conference in Boston, there is an obvious need and interest for HTML5 and JavaScript use in business,” said Luc Hollande, CEO of 4D. “This year we will once again showcase tools, technology and best practices from domain expert speakers as well as leading companies, all designed to make JavaScript successful in the enterprise.”

The JS.everywhere and Wakanday event last year brought together industry experts such as Douglas Crockford from Yahoo!, Al Hilwa from IDC, Philippe Le Hegaret from W3C as well as speakers from companies such as Red Hat, VMware, and Marketo.

This year’s JS.everywhere conference will include an additional day – fully dedicated to the open source Wakanda development platform.

Paper and presentation submissions for both days will be evaluated through a peer-referee process. These presentations should inform attendees of various levels of expertise, including introductory, intermediate and advanced levels.

Suggested topics: Security, Mobility Web APIs, Cloud, WALM: Web Application Lifecycle Management, Tools, User Experience Accessibility, Agility, Testing, Performances, etc.

Important paper submission dates:    

Call for paper deadline Jun 29, 2012

Proposal Acceptance Notification Jul 31, 2012

For more information about the conference, see the conference Web pages at: JSeverywhere.org and wakanday.org

About 4D, Inc.

A global leader in business software development solutions for over 25 years, 4D provides integrated platforms that simplify and speed up the development and deployment of Web, Mobile, Desktop, and Client-Server Business Applications. 4D solutions and development tools are used in more than 70 countries, count millions of end users and over 10,000 Independent Software Vendors (ISVs). 4D is located in San Jose, California. For more information, please visit 4D.com or call 1-408-557-4600.

Press Contacts:

Michel Gerin

4D, Inc.

(408) 557-4600

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/3/prweb9316293.htm

Article source: http://www.seattlepi.com/business/press-releases/article/4D-Announces-its-Annual-JS-everywhere-and-3429401.php

Hackers booby-trap WordPress site with botnet-weaving Trojan

Malware-flingers are taking advantage of vulnerable WordPress sites as part of an attack ultimately designed to spread an information-stealing botnet agent.

Cybercrooks begin the attack by planting malicious scripts on vulnerable sites. Prospective marks are then lured to compromised sites via spammed messages that purport to come from known legitimate sources including Better Business Bureau and LinkedIn, among others. The crooks use social engineering tactics to entice unsuspecting users to click the link found in the email.

Clicking on links in these spam messages points surfers towards compromised WordPress sites – and not the legitimate sites users might have expected to visit. Redirection scripts on compromised sites expose surfers to a variety of drive-by download attacks that attempt to take advantage of well-known (and already patched) Adobe Reader and Windows flaws to drop malware onto poorly secured Windows PCs.

The attack, which uses the infamous Blackhole Exploit kit, is geared towards spreading the Cridex Trojan, an information-stealing strain of malware. Cridex established a botnet using compromised Windows boxen, as explained in a write-up by Trend Micro.

“This malware intercepts browser requests and changes the displayed content according to the configuration, written by the administrator of the botnet,” Trend explains. “This way, cybercriminals can trick users into entering valuable information without raising suspicion. It was also found to generate several random domains using domain generating algorithms (DGA).”

A full write-up of the attack, complete with screenshots of spam samples that have featured in the attack, can be found in a blog post by Trend Micro here.

More on the Cridex Trojan can be found in an earlier blog post by M86 Security here.

Earlier this month, Websense warned that vulnerable WordPress content management systems are being abused to promote fake anti-virus (AKA scareware) scams.

“The majority of targets are websites hosted by the WordPress content management system, it said. “At the time of writing, more than 200,000 web pages have been compromised, amounting to close to 30,000 unique websites (hosts). The injection hijacks visitors to the compromised sites and redirects them to rogue AV sites that attempt to trick them into downloading and installing a Trojan onto their computer.” ®

Article source: http://www.theregister.co.uk/2012/03/23/wordpress_vuln_botnet_exploit/

ED GOLDMAN: Web design — with sauce

Rob Watts of Traction Systems LLC







Ed Goldman
Columnist – Sacramento Business Journal

Email

“When you buy a car, you don’t want to also hire a chauffeur to drive it,” Rob Watts says over his plate of fried vegetarian ravioli at Club Pheasant 





, the West Sacramento landmark, on a recent stormy afternoon. “So why should you have someone design a website for you and the first time you try to operate it, it’s like sitting down in front of a 747 console?”

Watts, who’s just turning 40, and his compatriots at Traction Systems LLC have created a product, MagicEdit, that allows small businesses and service providers — “everything from mom-and-pop stores to dentist’s and doctor’s offices” — to update their websites without having to consult manuals, do online tutorials or make toll-free calls to Pakistan for tech support.

MagicEdit, which the Business Journal’s Mark Anderson wrote about last year, has just led to Watts’ firm being selected as an incubator company by VentureStart, a division of the Sacramento Area Regional Technology Alliance 





. VentureStart consists of more than 40 business and finance experts who provide advice and support to companies that seem poised for serious growth. As its name suggests, it also helps a business find venture capital to fund its expansion.

Watts says MagicEdit can be deployed not only by businesses but also by web designers. “Most web designers know how to put together a site and do some basic programming,” he says, “but don’t know how to do all the back-end stuff. We can help make the website database-driven and easy to update.”

To demonstrate, he grabs two bottles of A1 steak sauce, a Heinz Ketchup bottle and a jar of Parmesan cheese on our table. “You may not see all the stuff that’s (embedded) in a dynamic website but it’s there, all the same, like all of this stuff.” It’s either an extravagant gesture or a tasty analogy; but one tends to give scientists like Watts — he has a master’s in applied physics from Cornell University 





— the benefit of the doubt.

The cost to use MagicEdit — which Watts says he originally offered for free “to create a buzz about it” — is “$1,500 and up to create the program” but only $15 a month for his company to host the site. You can give it a test drive by visiting magicedit.com — but you’ll need to furnish your own steak sauce, ketchup and Parmesan cheese.

Ed Goldman, president of Goldman Communications Inc., is a Sacramento writer and marketing consultant.

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Article source: http://www.bizjournals.com/sacramento/blog/ed-goldman/2012/03/ed-goldman-web-design---with-sauce.html

Apple Trade on Bats Triggers Circuit Breaker; Stock Rebounds

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Apple

Apple

Apple

Scott Eells/Bloomberg

New Apple Inc. iPads in New York.

New Apple Inc. iPads in New York. Photographer: Scott Eells/Bloomberg

Bats IPO Turns Ugly After Apple Halt, Quote Error

March 23 (Bloomberg) — Bloomberg’s Julie Hyman reports that Bats Global Markets Inc., the six-year-old equity exchange, saw its debut as a public company go haywire as a system error caused incorrect price quotes and Apple Inc. was halted due to a transaction on its platform. She reports on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)


Enlarge image
Bats Global IPO Turns Ugly After Bad Apple Trade, Quote Error

Bats Global IPO Turns Ugly After Bad Apple Trade, Quote Error

Bats Global IPO Turns Ugly After Bad Apple Trade, Quote Error

Justin Sullivan/Getty Images

Apple iPads in San Francisco.

Apple iPads in San Francisco. Photographer: Justin Sullivan/Getty Images

You think you had a bad day?

Bats Global Markets Inc. (BATS), the six-year-old equity exchange,
saw its debut as a public company go haywire, as system errors
that caused its computers to spew bad quotes and halted Apple
Inc. (AAPL)
forced the cancellation of its first day of trading.

“It’s a pretty inauspicious start,” Sam Ginzburg, a
partner and head of capital markets at First New York Securities
LLC, a New York-based proprietary trading firm, said today in a
phone interview.

Data received by Bloomberg showed Bats’s shares, the first
ever to be listed on its Lenexa, Kansas-based market, traded for
pennies following the initial public offering at $16. Those
transactions were later voided and Bats said no trades in its
stock today would stand. At the same time, a single execution on
its venue of 100 shares of Apple, the world’s most valuable
company, triggered a circuit breaker that paused the shares.

The malfunctions may refocus scrutiny on modern American
market structure, where two decades of government regulation
have broken the grip of the biggest exchanges and left trading
fragmented over as many as 50 venues. Bats, whose name stands
for Better Alternative Trading System, rose to prominence in
tandem with the proliferation of electronic firms that now
dominate the buying and selling of stock in the U.S.

Spokesman Randy Williams couldn’t be reached for comment.

‘More Newsworthy’

“It’s not wildly unusual for exchanges to have system
issues, but because they happen to go public today it makes it
more newsworthy,” Mike Shea, a managing partner at Direct
Access Partners LLC in New York, said in a phone interview.

A single trade for 100 shares executed on a Bats venue
briefly sent Apple down to $542.80, according to data compiled
by Bloomberg. The order was executed at 10:57 a.m. New York
time. Two more transactions, which sent the stock back above
$598, were made before the halt. The stock stayed around that
level once trading resumed five minutes later.

Bats sent a notice about 10 minutes before the Apple trade
saying it was investigating “system issues” affecting
companies with ticker symbols ranging between A and BF. Apple’s
is AAPL. Bats’s ticker is BATS.

Bats said in a regulatory filing that it “experienced very
low downtime” last year. BZX Exchange, its main market, was
accessible to users 99.94 percent of the time. BYX Exchange, its
second market, was available 99.998 percent of the time, the
company said. The main market processed an average of about
29,000 order messages per second last year, Bats said.

‘Reliability’

“Historically, Bats has been very reliable, but this is a
question going forward,” Bruce Weber, dean of the Lerner
College of Business and Economics at the University of Delaware
in Newark, Delaware, said in a phone interview. “The
competition that entrants like Bats has brought is good. They
have to provide the reliability investors expect to sustain
their role.”

The third-largest U.S. stock exchange operator raised
$100.7 million in its initial public offering yesterday after
selling shares at the bottom of the proposed range. Bats sold
6.3 million shares for $16 each on behalf of existing
stockholders. The company had offered them for $16 to $18,
according to a regulatory filing.

Broker Owners

Founded by a high-frequency trader in 2005, Bats was
steered to prominence by brokers trying to hold down fees as the
New York Stock Exchange and Nasdaq Stock Market bought their
biggest electronic rivals. The company executed 10.9 percent of
U.S. equities volume last month, compared with 10.7 percent a
year earlier, it said.

The exchange operator raised money less than two years
after a crash erased $862 billion in less than 20 minutes from
U.S. share values, a plunge that some critics linked to the
fragmented electronic market structure that helped Bats thrive.
The company was initially built to service high-frequency firms
like Tradebot Systems Inc., whose chief executive officer
founded Bats. Automated trading firm Getco LLC in Chicago and
Wedbush Inc., owner of a Los Angeles-based investment bank whose
clients include high-speed firms, bought equity stakes.

Electronic Inquiry

An official with the Securities and Exchange Commission’s
enforcement division said last month that the agency is
examining equity trading practices that gained dominance in the
past decade amid the shift automation. Daniel Hawke, head of the
market-abuse unit, said the SEC is looking into techniques such
as co-location, in which exchanges let traders place computers
close to the market’s systems to shave time off executions.

Bats itself got a request from the SEC for information on
the types of orders customers use on its venues. The request,
disclosed in a regulatory filing Feb. 23, sought information
about how order types have evolved at the company. Bats said
regulators asked for documents “related to the development,
modification and use of order types, and our communications with
certain market participants,” including some of Bats’ owners.

About 55 percent of U.S. equities volume comes from firms
using high-frequency trading strategies, Adam Sussman, a partner
and director of research at Tabb Group, said in December. More
than half of that — 32 percent of total stock volume — is from
market makers supplying bids and offers, he said.

“As all the exchanges have gone more toward electronic
trading, and high-frequency, algorithmic trading, there are more
risks of these things happening,” said Nick Einhorn, an analyst
at Renaissance Capital LLC, a Greenwich, Connecticut-based IPO
research and investment firm. “Obviously, it’s not a
particularly good start.”

To contact the reporters on this story:
Nick Baker in New York at
nbaker7@bloomberg.net;
Nikolaj Gammeltoft in New York at
ngammeltoft@bloomberg.net

To contact the editor responsible for this story:
Nick Baker at
nbaker7@bloomberg.net

Please enable JavaScript to view the comments powered by Disqus.

Article source: http://www.bloomberg.com/news/2012-03-23/apple-trade-on-bats-triggers-circuit-breaker-stock-rebounds.html

Dartmouth President Kim Nominated by Obama to Lead World Bank

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Jim Yong Kim

Jim Yong Kim

Jim Yong Kim

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Jim Yong Kim, president of Dartmouth College, in New York on April 22, 2010.

Jim Yong Kim, president of Dartmouth College, in New York on April 22, 2010. Photographer: Ramin Talaie/Bloomberg

Dartmouth's Kim on U.S. Health Care, Education (Oct. 11)

Oct. 11 (Bloomberg) — Jim Yong Kim, president of Dartmouth College, talks about U.S. health-care system and higher education.
Tonight at 7 p.m. New York time, Bloomberg Television and the Washington Post, in partnership with WBIN-TV and host Dartmouth College, will present the first debate of the 2012 campaign focused exclusively on the economy. Kim speaks with Lizzie O’Leary on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Obama Nominates Dartmouth's Kim to Lead World Bank

March 23 (Bloomberg) — U.S. President Barack Obama speaks at the White House about his nomination of Dartmouth College President Jim Yong Kim to head the World Bank.
Kim, the first Asian-American tapped to head the lender that seeks to reduce global poverty, is a Seoul-born doctor and a U.S. citizen. He would succeed Robert Zoellick, who is stepping down when his term expires in June. (Source: Bloomberg)

President Barack Obama today
nominated Dartmouth College President Jim Yong Kim to head the
World Bank, the first Asian-American tapped to head the lender
that seeks to reduce global poverty.

Kim, 52, is a Seoul-born doctor and a U.S. citizen. He would
succeed Robert Zoellick, 58, who is stepping down when his term
expires in June.

“It’s time for a development professional to lead the
world’s largest development agency,” Obama said today at a
White House presentation with Kim at his side. “Jim has spent
more than two decades working to improve conditions in
developing countries around the world.”

Kim would take over the lender as financing for development
projects is increasingly provided by private investors, turning
the World Bank into more of a technical adviser. The bank must
also maintain ties with emerging economic powers, including
China and Brazil, in its effort to pursue goals such as
protecting the environment and promoting gender equality.

“This was not someone who was being discussed,” said Clay Lowery, who was the U.S. Treasury’s assistant secretary for
international affairs from 2005 to 2009 and is now vice
president at Rock Creek Global Advisors LLC, a Washington-based
consultant. “He seems like a very gifted man and a health-care
expert in developing countries, which is a solid credential for
that job.”

“His biggest challenges will be his ability to manage a
large organization, expand his universe of thinking to programs
that catalyze economic growth, and maneuver effectively in very
high political circles,” Lowery said.

Board Approval

The bank’s board has always approved the nominee of the
U.S., its biggest shareholder, and a decision is scheduled by
April 20.

Kim and his family moved to the U.S. when he was 5,
according to his biography on the Dartmouth website. He grew up
in Muscatine, Iowa. Kim graduated from Brown University in 1982
and earned his M.D. from Harvard University in 1991, the website
says.

Kim became Dartmouth’s president in 2009. Prior to that he
was head of the department of Global Health and Social Medicine
at Harvard Medical School, according to the Dartmouth website.

Kim received a MacArthur Foundation fellowship, popularly
called a “genius” award,” in 2003. He also served as director
of the World Health Organization’s HIV/AIDS department, where he
focused on initiatives to help developing countries improve
their treatment, prevention and care programs.

To contact the reporter on this story:
Hans Nichols in Washington at
hnichols2@bloomberg.net

To contact the editor responsible for this story:
Steven Komarow at
skomarow1@bloomberg.net

Article source: http://www.bloomberg.com/news/2012-03-23/obama-nominee-to-world-bank-said-to-be-dartmouth-s-jim-yong-kim.html

WordPress vs. Light CMS – Which Website System is Right for Your Business?

Ramon Ray the Smallbiztechnology.com Team

For many business owners, getting a company website up and running can be a task more daunting than buying a car. From the breadth of options, floods of qualified (and unqualified) developers, and  price points ranging from a few bucks a month to thousands up front; many business owners are often scared to make the leap into cyberspace because it literally is a whole different realm than the physical world. Although in the past brushing off this trend used to be acceptable, today having a website is a must for any business who wants to survive in today’s increasingly connected culture.

While the reasons for getting a website are too numerous to discuss in depth, overall they all revolve around the fact that a website allows you to present your website to literally anyone in the world. Rather than limiting your clientele to just nearby towns, you can go national or even global if desired. One of my former brick mortar clients actually has a storefront located in a small village; however their online sales on average gross well over triple the amount of in store revenue. Just a quick disclaimer – my client uses very extensive SEO marketing to the point they are paying thousands per month – so while a website is far from a quick fix for declining sales, if used properly it can greatly help customers better interact with your company.

When it comes to websites, there are literally hundreds of solutions out there, however as a web developer for many of my clients who are just starting out, I always use WordPress because it packs stability, security, a support community of literally thousands of developers all in a simple to use package which is so efficient that it can be priced as a relatively low cost solution which can be modified to fit literally anything you need.

From eCommerce, social networking capabilities, blogging, multimedia websites, and much more – WordPress can handle virtually any task thrown at it. While pricing depends heavily on your project when going with a professional developer, you can give WordPress a try for free at WordPress.com

Although WordPress is one of the top options, not everyone wants to pay the price for a fully tailored solution. To fill the void, there are numerous “Instant Website” offerings on the market, however such offerings are often littered with crippled offerings that provide users with cookie cutter websites which are essentially skeletons of code filled with copy. Additionally, since the offerings typically use butchered code, if you decide to switch vendors down the road, quite often you are forced to start from scratch.

Fortunately, there is an alternative that provides a bridge between the power and flexibility of WordPress and the pricing of a budget website builder. The solution is Light CMS and it is a website system which allows you to have a website ready for content in literally a few clicks. Prices range from free to $99/month with the main difference between plans being the maximum number of pages.

In a nutshell, Light CMS stands out from the other instant website makers because it uses standardized code (i.e. no vendor lock in), a wide array of tools which fit right into their suite (e.g. eCommerce, Blogs, Statistics, etc.), and all the capabilities enabled on the free plan.

When using Light CMS, you simply pick a template and use the control panel to change the design – a process similar to WordPress – however as Light CMS is self-contained, you don’t have to worry about technical configurations and server setups.

While Light CMS might seem like a WordPress killer, one of the biggest tradeoffs is that with WordPress you can have as many pages on your website as you want, whereas on Light CMS, for unlimited pages, you have to pay for the $69/month plan – a price much higher than many other hosting companies. Additionally the simplicity of Light CMS is a double edged sword because while you are able to add features instantly, you are limited to the toolbox provided by Light CMS whereas with WordPress you literally have an ecosystem of thousands of plugins which can complete your site.

In conclusion, I believe both WordPress and Light CMS are excellent website tools which fill different voids. For a business just starting out and with light needs, I highly suggest Light CMS for at least a starter website which can be upgraded down the road. On the other hand, for companies that want total control and who need power or advanced features, WordPress is the best route.


Read more posts on Ramon Ray the Smallbiztechnology.com Team »

Article source: http://www.businessinsider.com/wordpress-vs-light-cms--which-website-system-is-right-for-your-business-2012-3

Obama Nominee to World Bank Said to Be Dartmouth’s Jim Yong Kim

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Jim Yong Kim

Jim Yong Kim

Jim Yong Kim

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Jim Yong Kim, president of Dartmouth College, in New York on April 22, 2010.

Jim Yong Kim, president of Dartmouth College, in New York on April 22, 2010. Photographer: Ramin Talaie/Bloomberg

Obama Nominates Dartmouth's Kim to Lead World Bank

March 23 (Bloomberg) — U.S. President Barack Obama speaks at the White House about his nomination of Dartmouth College President Jim Yong Kim to head the World Bank.
Kim, the first Asian-American tapped to head the lender that seeks to reduce global poverty, is a Seoul-born doctor and a U.S. citizen. He would succeed Robert Zoellick, who is stepping down when his term expires in June. (Source: Bloomberg)

Jim Yong Kim Nominated to Head World Bank

March 23 (Bloomberg) — President Barack Obama nominated Dartmouth College President Jim Yong Kim to be president of the World Bank. (Source: Bloomberg)

Dartmouth's Kim on U.S. Health Care, Education (Oct. 11)

Oct. 11 (Bloomberg) — Jim Yong Kim, president of Dartmouth College, talks about U.S. health-care system and higher education.
Tonight at 7 p.m. New York time, Bloomberg Television and the Washington Post, in partnership with WBIN-TV and host Dartmouth College, will present the first debate of the 2012 campaign focused exclusively on the economy. Kim speaks with Lizzie O’Leary on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Blanchflower on Kim Nomination to World Bank

March 23 (Bloomberg) — David Blanchflower, a professor at Dartmouth College and a Bloomberg Television contributing editor, talks about the nomination of Dartmouth President Jim Yong Kim to head the World Bank.
Kim, nominated today by President Barack Obama, would be the first physician and Asian-American to lead the $57 billion lender that’s seeking to improve health care and education in developing nations. Blanchflower speaks with Scarlet Fu on Bloomberg Television’s “InBusiness With Margaret Brennan.” (Source: Bloomberg)

Dartmouth College President Jim Yong Kim was nominated today to head the World Bank, making him
the first physician and Asian-American to lead the $57 billion
lender that’s seeking to improve health care and education in
developing nations.

Kim, 52, who was born in Seoul and emigrated with his
parents from South Korea at age five, would succeed Robert Zoellick, a former U.S. trade representative whose term ends in
June. The U.S. is the biggest shareholder in the Washington-
based bank, which has always been led by an American.

“It’s time for a development professional to lead the
world’s largest development agency,” President Barack Obama
said today at a White House presentation with Kim at his side.
“Jim has spent more than two decades working to improve
conditions in developing countries around the world.”

Kim, an expert on HIV/AIDS and a 1991 graduate of Harvard
Medical School, breaks the mold of World Bank presidents, who
have been drawn from government and finance. He offers a bridge
to developing nations at a time when countries such as China are
challenging the World Bank with their own lending programs in
Africa and Latin America.

“It is an inspired choice,” said Daniel Zelikow, a
managing director at JPMorgan Chase Co. and a former executive
vice president at the Inter-American Development Bank. “Dr. Kim
is not only a leader in global health and development issues,
but leading a major American university is an excellent proving
ground for managing an organization as complex, diverse and
important as the World Bank.”

Technical Advice

Kim would take over as financing for development projects
is increasingly provided by private investors, turning the World
Bank into more of a technical adviser. The choice of Kim is
subject to approval by the board of the 10,000-employee bank,
and a decision is scheduled by April 20.

“His biggest challenges will be his ability to manage a
large organization, expand his universe of thinking to programs
that catalyze economic growth, and maneuver effectively in very
high political circles,” said Clay Lowery, who was the U.S.
Treasury’s assistant secretary for international affairs from
2005 to 2009 and is now vice president at Rock Creek Global
Advisors LLC, a Washington-based consultant.

Treasury Secretary Timothy F. Geithner backed Kim, and his
name has been on the White House list of candidates for several
weeks, according to an administration official who spoke on
condition of anonymity to discuss internal deliberations.
Geithner graduated from Dartmouth College with a bachelor’s
degree in government and Asian studies.

‘Innovative Leader’

“Jim Yong Kim is exceptionally well qualified to serve as
president of the World Bank,” Geithner said in a statement.
“He is an innovative leader whose groundbreaking work to fight
disease and combat poverty has saved lives around the globe.”

Geithner spoke at Dartmouth in June and took a question
from Kim about how the university helped prepare him to be
Treasury secretary. Geithner pointed at Kim and referred to the
“revolution you’re going to bring to health-care delivery.”

In an appearance in October on the “Charlie Rose” show
broadcast on PBS and Bloomberg Television, Kim said the
challenges in global health are similar to those of the U.S.

“Right now, in many parts of the world, there is much more
money than there used to be,” Kim said. “But the problem is
that our ability to actually organize ourselves and deliver
those things that we already have — vaccines, basic drugs — it
is just not where it should be.”

Brown Graduate

Kim, who became Dartmouth’s president in 2009, grew up in
Muscatine, Iowa, and graduated from Brown University in 1982,
according to his biography on the Dartmouth website.

Before taking over the presidency at Dartmouth, he was head
of the Department of Global Health and Social Medicine at
Harvard Medical School. He received a MacArthur Foundation
fellowship, popularly called a “genius” award, in 2003. He
also served as director of the World Health Organization’s
HIV/AIDS department, where he focused on programs to help
developing countries improve treatment, prevention and care.

Starting in 2003, Kim led a World Health Organization
program aimed at treating 3 million HIV/AIDS patients in
developing nations with antiretroviral drugs.

In 1987, while a student at Harvard Medical School, Kim co-
founded Partners in Health, a nonprofit organization that has
opened clinics in countries including Haiti and Peru. Kim, while
working for the group in Peru in the mid-1990s, helped develop a
treatment program for multidrug-resistant tuberculosis.

Past Presidents

Past World Bank presidents have included Robert McNamara,
who served as secretary of defense during the Vietnam war, and
Paul Wolfowitz, a former deputy secretary of defense in the
administration of George W. Bush, who resigned under pressure in
2007 after giving his companion an unusually large pay raise and
promotion.

Zoellick was nominated by Bush to succeed Wolfowitz and
said last month he will step down when his five-year term ends.
He received a net salary of $450,378 in the year through June
30, plus a total of $284,329 of pension and other benefits.

Kim’s compensation at Dartmouth was $612,768 in the year
ended June 2010, including a base salary $419,754, according to
a public tax filing.

The World Bank was created at the end of World War II as
part of the postwar global economic order, along with the
International Monetary Fund. Set up to rebuild war-ravaged
Europe, its first loan was to France in 1947. The IMF’s job was
to maintain a stable monetary system.

Private Financing

The bank later shifted its focus to providing financing for
projects such as power plants and dams in developing countries.
As private capital becomes more available, it’s now counting on
the technical expertise that comes with its loans to attract
clients.

Net World Bank lending to middle-income governments was
less than $8 billion in the financial year ended June 30. By
contrast, net private inflows to emerging markets reached $910
billion in 2011, according to estimates by the Washington-based
Institute of International Finance.

The bank’s challenge now is “a question of being smarter
and a question of focusing on how to transmit development
knowledge in the most efficient way,” said Whitney Debevoise, a
former U.S. executive director at the World Bank.

The growing economic weight of nations such as China and
Brazil is posing a challenge to the World Bank’s relevance as a
lender and to the informal arrangement that gives the bank’s
leadership to an U.S. citizen and that of the IMF to a European.

Mexican Challenge

The choice of Kim may help forestall the kind of emerging-
markets bid that occurred last year, when Mexico’s central bank
governor, Agustin Carstens, challenged Christine Lagarde for the
leadership of the IMF. Lagarde, a former French finance
minister, prevailed after carrying out a global campaign.

Nigerian Finance Minister Ngozi Okonjo-Iweala was nominated
for the World Bank post by South Africa, Nigeria and Angola,
South African Finance Minister Pravin Gordhan said today.

“It’s going to be very hard for the emerging markets and
other critics to make the point that Dr. Kim is not well-
qualified,” Eswar Prasad, a senior fellow at the Brookings
Institution in Washington and a former IMF official, said in an
interview with Bloomberg television.

To contact the reporters on this story:
Sandrine Rastello in Washington at
srastello@bloomberg.net;
Ian Katz in Washington at
ikatz2@bloomberg.net

To contact the editor responsible for this story
Christopher Wellisz at
cwellisz@bloomberg.net.

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Article source: http://www.bloomberg.com/news/2012-03-23/obama-nominee-to-world-bank-said-to-be-dartmouth-s-jim-yong-kim.html

New Knight Lab Tool Makes Great-Looking Timelines Easy

A timeline is one of the most useful and versatile storytelling forms, suitable for everything from “tick tock” accounts that unfold over a short period of time to events that unfold over decades, centuries or millennia. But the tools available to journalists to create online, interactive timelines just haven’t been very good.

Generally, storytellers have had to choose between easy-to-use, not-very-attractive timeline generators requiring few technology skills (like TimeToast, Dipity and Vuvox), and more sophisticated tools (like ProPublica’s Timeline Setter) that require access to server-based technologies or some programming knowledge.

Not any more.

The Knight News Innovation Lab has just announced the release of a new, free and open-source timeline tool developed by Zach Wise, a multimedia journalist and faculty member at Northwestern University (where the Knight Lab is a joint program of the journalism and computer science programs). You can check out the tool at KnightLabTimeline.com.

timeline2.jpg

“The tools that already exist on the web are almost all either hard on the eyes or hard to use,” said Wise. “Timeline is an open-source, JavaScript and HTML/HTML5 based tool that creates elegant timelines.”

The first version of the timeline tool allows incorporation of tweets from Twitter (a la Storify) as well as media from Twitter, YouTube, Flickr, Vimeo, Google Maps and SoundCloud. More media types will be supported in the future.

Here are some sample timelines created with the new tool:

Wise’s tool renders the timeline entirely in the browser, using JavaScript and CSS. It can pull content from a JSON feed or from content stored in a Google spreadsheet. The open-source code is available on GitHub.

Wise and the Knight Lab plan to continue developing the software — for instance, by creating a WordPress plugin to make timelines easier for WordPress-powered sites.

The making of Timeline

KnightLabTimeline illustrates the potential innovation opportunities that can emerge from a development laboratory at a university with strong connections to the media industry.

Wise, who joined Northwestern’s Medill School from the New York Times last year, was familiar with good timeline-building tools because the New York Times had developed its own — to create timelines like this one about the U.S. financial crisis. But when Wise wanted to assign students to create timelines in his digital-storytelling classes, he wasn’t happy with any of the free options available online.

He assigned his students to evaluate the existing tools and help him develop the requirements for a better timeline-building technology. The Knight Lab, launched last year with a grant from the John S. and James L. Knight Foundation, provided financial support and arranged for student labor to test, document and improve the pre-release versions of the software.

At KnightLabTimeline.com, you will find simple, clear instructions for creating a timeline. Nothing more than a basic understanding of HTML is needed.

To spur interest in the tool and learn how to make the timeline builder more usable for journalists and publishers, the Knight Lab is making an offer to Chicago area websites: You provide the story idea (and the media assets), and the Lab will provide students who can help you build one for your site. (Student support for this project is underwritten by the Robert R. McCormick Foundation.)

Publishers of all sizes — ranging from small neighborhood sites to large media companies — are eligible for the assistance. For more information, contact the Lab at knightlab@northwestern.edu.

Article source: http://www.pbs.org/idealab/2012/03/new-knight-lab-tool-makes-great-looking-timelines-easy082.html

Microsoft does Hadoop, and JavaScript’s the glue

Microsoft’s getting into the Hadoop game, and people are skeptical.  Can Microsoft really embrace open source technology?  And if it can, will it end up co-opting it somehow, or will it truly play nice?  Would you even want to run Hadoop on the Windows operating system?  Why bother?  Why care?

Based on what’s in Microsoft’s Hadoop distro and its cloud spin on things, I would say that you should care, and quite a lot.  Microsoft is not dumbing Hadoop down.  Instead, it is making it almost trivial to get a Hadoop cluster up-and-running.  If that’s not enough for you then I think this should be: a browser-based console where you can work with Hadoop using a very friendly programming language.  That language isn’t Visual Basic, Microsoft’s 20-year stalwart for business application development.  And it’s not C#, the favored language for the company’s .NET platform.  Actually, it’s not a Microsoft langauge at all.  Rather it’s the language that runs the Web these days: JavaScript.  While the console lacks many of the niceties of modern relational database tooling, it’s still very useful and convenient.  And when Microosft’s Hadoop distro becomes generally available (it’s still in an invitation-only Beta phase right now) I think it may bring many more people into the Hadoop ranks, regardless of their preferred platform and persuasion.

Microsoft’s Hadoop distribution, which it is building in partnership with Hortonworks, inlcudes the core HDFS and MapReduce, plus a bunch more.  Microsoft’s also throwing in Hive, Pig, Mahout, Sqoop, HedWig, Pegasus and HBase. (The last of these is no small feat for the creator of SQL Server).  The distribution can be installed on-premises on Windows Server or in the cloud on customers’ Windows Azure “roles” (virtual machines). 

Perhaps the best option, though, is a Web browser-provisioning interface for standing up an entire Hadoop cluster in just a few clicks of the mouse.  Once the cluster is up and running, you can use Microsoft’s Remote Desktop software to connect directly to the head node, and then go to a command prompt and hack around with Hadoop and all those components. But the interactive console offers an even better way.  It’s a command line interface that gives you, all in one place, access to:

  • HDFS commands
  • JAR file-based MapReduce jobs
  • JavaScript expression evaluation
  • Pig
  • Hive
  • Basic charting (bar, pie and line graphs)
  • The pièce de résistance: a framework to execute MapReduce jobs written in JavaScript

Having one command line for all of this , and being able to mix and match it, is almost magical.  For instance, you can author MapReduce code in JavaScript and then from the browser-based console, you can upload the code, run it, write a Pig expression to extract some data from the results, convert the output file content to a JavaScript array and then display it in a bar chart.  That’s very empowering: it allows you to get your feet wet with MapReduce, HDFS, Pig and some light data visualization in just five interactive lines of code.  And none of it uses any Micorosoft technology, except of course Windows Server, which is cloud-based anyway, and therefore abstracted away.

There’s more too. Like an ODBC drive for Hive that effectively attaches Excel and most of the Microsoft Business Intelligence stack to Hadoop.   But that’s fodder for a separate post…or seven.

Microsoft’s Hadoop offering should become generally available before too long.  But if you’d like to apply for an invite to the beta, create an account on “Connect” and then fill out the special survey.

Article source: http://www.zdnet.com/blog/big-data/microsoft-does-hadoop-and-javascripts-the-glue/240

Webinar: Real Life WebSocket Case Studies & Demos for Faster, More Reliable …

Mar 23, 2012 (BUSINESS WIRE) –
Kaazing:


        WHAT:   Webinar featuring real life customers showcasing practical HTML5
                WebSocket use cases. Project architects and developers will share
                an overview with demos of their implementations.
        WHEN:   March 27, 2012 @9:00 a.m. PT/12:00 p.m. ET/5:00 p.m. GMT
        WHO:    Peter Moskovits, Developer Evangelist, Kaazing

http://bit.ly/GLUHJk            WHY:    WebSockets are the heart of the next generation real-time Web.
                Answers from industry peers for such questions as:
                -                      Why did you start using WebSockets?
                -                      What challenges did you face during implementation?
                -                      Is scalability of your apps a challenge?
                -                      How difficult was it to build a WebSocket-based solution compared
                                       to other technologies?

ABOUT KAAZING: Kaazing (
www.kaazing.com )
is the leading company focused on enabling the living Web — the nearly
ubiquitous real-time, interactive, collaborative applications that have
become the norm. Kaazing’s founding team played a key role in defining
the WebSocket standard and the Kaazing platform is the world’s only
enterprise solution for full-duplex, high-performance Web communication
supporting the HTML5 WebSocket standard. Based in Mountain View, CA,
Kaazing is privately held; some of its customers and partners include
Informatica, TIBCO, and a variety of financial, ecommerce, and
entertainment companies.

SOURCE: Kaazing


        For more press information contact:
        Roeder-Johnson Corporation
        Abigail Johnson/Paul Michelson, 650-802-1850 

http://email.roeder-johnson.com            or
        For more customer information contact:
        Kaazing
        Yuan Weigel, 1-877-Kaazing 

http://www.kaazing.com/contact.html

Copyright Business Wire 2012

Comtex

Article source: http://www.marketwatch.com/story/webinar-real-life-websocket-case-studies-demos-for-faster-more-reliable-always-on-connections-2012-03-23