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বুধবার, ১০ জুলাই, ২০১৩
Barnes & Noble CEO William Lynch steps down; Michael Huseby appointed CEO of Nook Media
Following reports earlier this year that Barnes & Noble may be sliding away from producing its own Nook hardware, the outfit's CEO has just stepped away from his corner office. Announced in a series of shuffles, William Lynch has resigned as chief executive officer and director of the company effective immediately, while Michael P. Huseby has been appointed CEO of the Nook Media division (as well as president of B&N as a whole).
The firm also announced that vice president Allen Lindstrom was being subsequently promoted to CFO, reporting to Huseby. Moreover, Kanuj Malhotra -- VP of corporate development, has been promoted to CFO of Nook Media. Chairman Leonard Riggio thanked Lynch for his leadership during an era where B&N emerged as a real rival to Amazon in the reader / tablet market, while the man himself said that he "appreciated the opportunity to serve as CEO over the last three years." As for his immediate plans? Kicking back on the shores of Ocracoke and reading a book... on a Nook, of course.Source: Barnes & Noble
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/k3yDVvjGLQQ/
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Biden says China cyber-theft must stop
Vice President Joe Biden gestures while speaking at the opening session of the 2013 Strategic and Economic Dialogue, Wednesday, July 10, 2013, at the State Department in Washington. A month after the presidents of the U.S. and China held an unconventional summit at a California resort, their top officials are convening in more staid surroundings in Washington to review security and economic issues that reflect growing ties but also deep-seated differences between the world powers. (AP Photo/Evan Vucci)
Vice President Joe Biden gestures while speaking at the opening session of the 2013 Strategic and Economic Dialogue, Wednesday, July 10, 2013, at the State Department in Washington. A month after the presidents of the U.S. and China held an unconventional summit at a California resort, their top officials are convening in more staid surroundings in Washington to review security and economic issues that reflect growing ties but also deep-seated differences between the world powers. (AP Photo/Evan Vucci)
Vice President Joe Biden speaks during the opening session of the 2013 Strategic and Economic Dialogue,Wednesday, July 10, 2013, at the State Department in Washington. A month after the presidents of the U.S. and China held an unconventional summit at a California resort, their top officials are convening in more staid surroundings in Washington to review security and economic issues that reflect growing ties but also deep-seated differences between the world powers. (AP Photo/Evan Vucci)
Chinese Vice Premier Wang Yang listens as Vice President Joe Biden speaks during the opening session of the 2013 Strategic and Economic Dialogue, Wednesday, July 10, 2013, at the State Department in Washington. A month after the presidents of the U.S. and China held an unconventional summit at a California resort, their top officials are convening in more staid surroundings in Washington to review security and economic issues that reflect growing ties but also deep-seated differences between the world powers. (AP Photo/Evan Vucci)
Chinese State Councilor Yang Jiechi, left, and Chinese Vice Premier Wang Yang, center, listen as Vice President Joe Biden speaks during the opening session of the 2013 Strategic and Economic Dialogue, Wednesday, July 10, 2013, at the State Department in Washington. A month after the presidents of the U.S. and China held an unconventional summit at a California resort, their top officials are convening in more staid surroundings in Washington to review security and economic issues that reflect growing ties but also deep-seated differences between the world powers. (AP Photo/Evan Vucci)
WASHINGTON (AP) ? Vice President Joe Biden said Wednesday that China's rise is good for the U.S. and the world but its theft of U.S intellectual property must stop, as the two global powers began annual talks to build cooperation and hash out their deep-seated differences.
The Strategic and Economic Dialogue is taking place a month after the U.S. and Chinese presidents held an unconventional summit at a California resort that aimed to set a positive tone in relations but also made plain Washington's growing anxiety about Chinese cyber-theft.
"We both will benefit from an open, secure, reliable Internet. Outright cyber-enabling theft that U.S. companies are experiencing now must be viewed as out of bounds and needs to stop," Biden said in his opening remarks at the State Department.
Heavyweight delegations from the two sides are also expected to discuss barriers to U.S. trade and investment in China, the nuclear program of China's ally North Korea, and a host of other strategic issues, including Iran and Syria's civil war. The first rounds of talks Wednesday were focusing on climate change and energy security.
Secretary of State John Kerry returned for the start of the dialogue from his wife's bedside in Boston, and issued tearful thanks for the outpouring of good wishes for his wife who remains hospitalized. He will return to Boston later Wednesday and will be replaced in the talks by his deputy William Burns, said State Department spokeswoman Jen Psaki.
The Chinese side in the talks is led by Vice Premier Wang Yang and State Councilor Yang Jiechi, who declared U.S.-China relations had "reached a new starting point" after the June summit of new Chinese President Xi Jinping and President Barack Obama.
"China will stay committed to reform and opening up," Yang Jiechi said, adding that his nation was also committed to being a responsible player in the international system.
But he made only passing reference to cybersecurity as one of the "global challenges" that the U.S. and China should work together on. On other thorny topics, he said China was ready to discuss human rights with the U.S. and develop military relations that Biden stressed were important for avoiding the risk of confrontation between them in the Pacific.
Beijing has often bristled at Washington's criticism of its suppression of ethnic minorities and political dissent, and has also been reluctant to deepen military ties.
The strategic rivalry between the U.S. and China belies deep economic interdependence between them. The upbeat tone of the Obama and Xi summit went some way to ease mutual suspicion, but it was short on concrete outcomes.
Xi did express common cause with Obama in his opposition to North Korea's nuclear weapons program but that has yet to translate into effective pressure on Pyongyang. Biden said Wednesday the U.S. intends intensify cooperation with China "to denuclearize North Korea."
Another longtime Washington concern in its relations with China ? the low value of China's currency and its impact on the skewed trade balance ? has eased as the yuan has appreciated in value against the dollar. But the U.S. is still prodding Beijing to let the market dictate its exchange rate and expedite economic reforms.
Biden said China needs to free its exchange rate, shift to a consumption-led economy instead of relying on exports, and enforce intellectual property rights. He said the U.S. welcomes China's growth, but it should be based on international rules.
Treasury Secretary Jacob Lew also urged China to "follow through decisively" on its economic reform commitments, saying it will be critical to China's success and consequential for the wider world.
U.S. businesses and lawmakers want easing of barriers to American trade and investment, a roll back of subsidies for Chinese state-owned enterprises and make progress on negotiations for a bilateral investment treaty. For its part, China is concerned about security screening of its companies as they increasingly look to invest in the U.S.
The Center for Strategic International Studies think tank said the Chinese side will have little room to maneuver as the dialogue comes ahead of a meeting in October of the ruling party's central committee, where Xi's economic reform plans will be rolled out. Still, Beijing will likely want to show some incremental progress on Washington's trade and investment concerns, including protection of intellectual property.
There was no mention at the dialogue's opening of National Security Agency leaker Edward Snowden, whom the U.S. had wanted extradited from the semiautonomous Chinese territory of Hong Kong before he flew to Russia.
U.S. officials have said that China's failure to cooperate was damaging to its relationship with the U.S. but the case is not expected to overshadow the talks. Washington has been put on the defensive by Snowden's claims that the U.S. hacked targets in China, including the nation's cellphone companies and two universities.
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শুক্রবার, ৫ জুলাই, ২০১৩
China to adults: Go see your mother or go to jail
Grown children in China must visit their parents or face fines or even jail, according to a new law that went into effect today.
In this May 23, 2013 photo, an elderly man helps his wife on a wheelchair at a park in Beijing. New wording in the law requiring people to visit or keep in touch with their elderly parents or risk being sued came into force Monday, as China faces increasing difficulty in caring for its aging population.
Andy Wong/AP
EnlargeFilial piety is more than just a tradition in China ? now it is a legal obligation.
Skip to next paragraph Peter FordBeijing Bureau Chief
Peter Ford is The Christian Science Monitor?s Beijing Bureau Chief. He covers news and features throughout China and also makes reporting trips to Japan and the Korean peninsula.
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Grown children who do not visit their aged parents often enough could be fined or even jailed according to a law that went into effect here?on Monday.
Exactly what ?enough? means is not specified in the law, which will make it hard to enforce. But the legislation underlines how radically China?s modernization and its ?one child policy? have transformed the country over the past 30 years.
Market reforms have contributed to the break up of the traditional extended family, as more and more young people leave their hometowns to seek work, and population control efforts mean parents have only one child to lean on when they are older.
More than 194 million Chinese are over 60-years-old, according to official figures. By 2030 that figure will have almost doubled.
China?s parliament amended the Law to Protect the Rights and Interests of the Aged last December, in the wake of a spate of reports about neglected old people. Still, the new wording does not make it clear how often adult children are expected to visit their parents, nor how punishments for offenders will be calculated.
The law ?is mainly to stress the right of elderly people to ask for emotional support,? one of the drafters, law professor Xiao Jinming told the Associated Press. ?We want to emphasize that there is such a need.?
The law met with much criticism on the Internet, where social media platforms are largely populated by the sort of young people who do not have brothers and sisters to share the financial and emotional burden of caring for their ageing parents, few of whom have any kind of pension.
For them, the topic is of red-hot relevance. Nearly 17 million people posted comments on the Twitter-like Sina Weibo site. Zhou Simiao spoke for many when she wrote that ?visiting parents is a moral problem rather than a legal one. I can?t return home once a year since I work in Tibet. I can only say to my mum in Liaoning, ?I am sorry mum. Your daughter is an outlaw.??
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বৃহস্পতিবার, ৪ জুলাই, ২০১৩
Bem Wireless hopes Kickstarter will help them with their Kickstand
Bem Wireless, known primarily for their wireless speakers, is branching out into mobile projectors. Their new Kickstand folding projector is seeking $100,000 funding through Kickstarter. With only 17 days left in the project, they have yet to collect 10% of that amount in pledges which is kind of a bummer, because this projector looks like [...]
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What's a royal baby worth? To the British economy, $376 million.
Retailers in Britain are expecting sales to spike when the new heir to the throne is born this month.
A worker at the Mask-arade mask company loads boxes of Prince William and Kate, Duchess of Cambridge, masks at the company works in Southam, England, last month. Retailers expect to sell $376 billion in food, drink, and merchandise related to the arrival of the newest member of the British royal family later this month.
Martin Cleaver/AP
EnlargeRaj Solomon, proprietor of Piccadilly Cards, a thin sliver of a store flogging souvenirs opposite the Royal Academy of Arts in central London, is expecting a lucrative summer.
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During the Jubilee celebrations last year he could barely keep pace with the demand for Queen Elizabeth II key rings and tea towels. Next month, with the expected birth of Britain?s heir to the throne, it will be coats of arms pacifiers and ?I love my Uncle Harry? bibs. ?Everyone?s waiting for that baby,? says Mr. Solomon happily.
The firstborn of Prince William and the Duchess of Cambridge is due in July. During that month and until the end of August, British retail sales will get a ?243 million ($376 million) boost, predicts the Centre for Retail Research (CRR). Its report, published last month estimated that Brits will spend an extra ?62 million ($94 million) on alcohol and ?80 million ($121 million) on souvenirs and toys in two months.
Even weeks before the baby?s due date, barely an opportunity has been missed to cash in on his or her imminence.
Butter London, a high-end cosmetics brand, has put out a $20 nail varnish called Pitter Patter. Across the country, hotels and restaurants are offering Royal Baby showers designed to make pregnant women feel like duchesses. The shop at Highgrove, Prince Charles?s home, is selling handmade leather baby shoes at $34 a pair.
?We didn?t experience such excitement when William was born in 1982 and certainly not when Prince Charles was born in 1948,? says Joe Little, managing editor of Majesty magazine. ?I think it?s the great immediacy it all has now, thanks to the Internet.??
Indeed Joshua Barnfield, director of CRR, says he estimates Brits ?will spend three or four times more than at the births of Prince William and Harry.?
Patriotism, consumerism
The Internet, with its speedy dissemination of information and selling power is one reason for the big spending. Another is a resurgence of interest in the royal family following the marriage of Prince William and Kate Middleton in 2011. Their low-level glamor and evident happiness has made them ? along with Prince Harry, who has shown a surprising flair for international diplomacy ? the most popular royals in years.
The wedding, and the following summer?s celebrations for Elizabeth?s 60 years on the throne, showed off the spectacular pomp at which Britain still excels.
Months later the 2012 Summer Olympics, followed by the most watched Paralympics in history, heightened the patriotic mood. At a time when post-empire Britain has little to distinguish it from other countries, patriotism and support for the royal family are easily conflated in the popular imagination.
But changing behavior of consumers has also played its part.
?We do a lot of research into consumer behavior and there is an increasing tendency to celebrate things these days,? says Mr. Barnfield. ?If someone had a party to mark a royal baby?s birth in the '70s or '80s people would say, ?Er, why are you doing that???
Pauline Maclaren, professor of marketing and consumer research at Royal Holloway College at the University of London, is writing a book on consumers and the branding of the royal family which will be published by California University Press next year.
She says while serious collectors of memorabilia are probably royalists, ?a lot of people are just buying these things for fun. It?s seen as part of being British rather than any more serious support of the monarchy.?
Cashing in?
One company likely to do well out of the birth is Party Pieces, owned by Kate?s parents, Carole and Michael Middleton, which has revamped its website, adding a ?baby arrival? range with blue and pink balloons and rattles.
This has prompted many newspaper headlines suggesting the Middletons are exploiting their grandchild?s bloodline.
But with both Highgrove and the Royal Collection???which pumps profits into the upkeep of the royal palaces and is offering a $20 guardsman onesie ? also selling baby paraphernalia, it would be unfair to lay all the blame for commercializing the birth at the doors of the Middletons.
"The Royal Collection does things in a rather more subtle style than some sellers,? says Mr. Little of Majesty magazine. ?It will, I am sure, produce commemorative china, but using coats of arms rather than the faces of William and Kate.?
But any suggestion that the royal family feels the Middleton family is overstepping the mark he attributes to ?media mischief. There will always be people who wish to remind us of Kate?s middle-class background.?
Partying and commemorative china aside, the royal birth is likely to impact sales in other sectors. Just as dresses, especially maternity dresses, have sold out as Kate Middleton has been snapped wearing them, so sales of whatever buggy the third in line to the throne goes out in are expected to soar.
The betting business, which tends to do well at big national events, has a protracted selling window with a royal birth, thanks to bets placed on names. Alexandra and George are currently in the lead, while bets are also being placed on the baby?s hair color (brown, unsurprisingly, is ahead).
'Free publicity for Britain'
Tourism, too, will get a big boost from overseas visitors curious about the kinds of people who inhabit castles. ?The royal family generates free worldwide publicity for Britain ? you can?t put a value on that,? says Patricia Yates, director of Strategy at VisitBritain, the tourism agency.
Then there is the more general boost that the birth is likely to give the economy, boosting the confidence of consumers and investors.
A government study published this month suggested last summer delivered ?2.5 billion ($3.9 billion) in foreign direct investment resulting from business events launched during the Olympics.
?The economy is already improving,? says Barnfield. "The birth will be another uptick in the right direction."
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