Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/322461475?client_source=feed&format=rss
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মঙ্গলবার, ৩০ জুলাই, ২০১৩
সোমবার, ২৯ জুলাই, ২০১৩
Obama: I won't 'twiddle my thumbs' waiting for GOP
President Barack Obama explained why, amid a series of executive branch controversies, his renewed his focus on the economy: it's not only about financial stability, but about equal opportunity.
The message he sees as "jobs and justice" from the Rev. Martin Luther King Jr.'s March on Washington 50 years ago still rings true, Obama told The New York Times in an interview published Saturday evening.
To the many Americans who today are uncertain about their future, the 1963 march taught valuable lessons on racial equality and opportunities for "working folks," he argued.
The remarks, days after the president spoke on race and the Trayvon Martin case, came while he was on a campaign-style economic tour.
"Racial tensions won't get better; they may get worse, because people will feel as if they've got to compete with some other group to get scraps from a shrinking pot" if individuals do not see a stable fiscal future, Obama said.
"If the economy is growing, everybody feels invested. Everybody feels as if we're rolling in the same direction," he said.
Obama's midweek schedule looked familiar to watchers of his 2012 campaign and first White House term, when he favored speaking to crowds at colleges and businesses around the nation over Washington venues when advocating his economic priorities.
After visiting universities in Illinois and Missouri and speaking on the importance of education to the economy, he flew to the port in Jacksonville, Fla, where he called for investment in infrastructure. On Monday, he will speak at a Tennessee shipping center about manufacturing, jobs, and economic growth; then on Wednesday, he will travel to Capitol Hill to meet with Democrats in the House and Senate.
He cast aside the questions about such issues as the National Security Agency leaks, Internal Revenue Service political scrutiny and U.S. handling of the Benghazi, Libya, attack last September. "With an endless parade of distractions, political posturing and phony scandals, Washington has taken its eye off the ball," he said, although he was not specific about which controversies he was referring to.
The White House plans to continue the push on the economy into the fall.
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রবিবার, ২৮ জুলাই, ২০১৩
Omnicom, Publicis to combine into biggest ad firm
Maurice Levy, left, Chief Executive of French advertising group Publicis, and John Wren, head of Omnicom Group pose during a joint news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group . (AP Photo/Francois Mori)
Maurice Levy, left, Chief Executive of French advertising group Publicis, and John Wren, head of Omnicom Group pose during a joint news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group . (AP Photo/Francois Mori)
Maurice Levy, left, Chief Executive of French advertising group Publicis, and John Wren, head of Omnicom Group exchange a pencil during a joint signature prior to a news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group . (AP Photo/Francois Mori)
Maurice Levy, left, Chief Executive of French advertising group Publicis, and John Wren, head of Omnicom Group pose during a joint news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group. (AP Photo/Francois Mori)
Maurice Levy, left, Chief Executive of French advertising group Publicis, and John Wren, head of Omnicom Group pose during a joint news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group . (AP Photo/Francois Mori)
Maurice Levy, left, Chief Executive of French advertising group Publicis , and John Wren, head of Omnicom Group pose during a joint news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group . (AP Photo/Francois Mori)
PARIS (AP) ? Omnicom Group Inc. and Publicis Groupe SA say they are combining in a "merger of equals" that will create the world's largest advertising firm, one worth more than $35 billion.
The combined company will be called Publicis Omnicom Group and be jointly led by Omnicom CEO John Wren and Publicis CEO Maurice Levy as co-chief executives. The move is designed to bolster the companies' focus on growing Asian and Latin American markets such as China and Brazil, where they each have ramped up operations to counter lackluster growth in weak European markets.
But although a combined firm will allow for more pricing power in general, the decrease in competition could present regulatory hurdles in the U.S. and Europe. Client conflicts also could be an issue, as rivals such as Coca-Cola Co., PepsiCo, McDonald's, Yum Brands' Taco Bell, Johnson & Johnson and Procter & Gamble now find themselves under the same umbrella.
Rich Tullo, an analyst at Albert Fried & Co. in New York, predicted pushback from regulators in both the U.S. and France. The U.S. could be wary of one company controlling such a large portion of the market, he said, while in France, authorities might not take warmly to any Americanization of a company that is a bright spot in the bruised French economy.
Tullo also questioned whether the combined company could live up to promises like the $500 million in cost savings touted with the announcement, given Europe's shaky financial condition. "That sounds like financial alchemy, if you ask me," he said.
Omnicom Group Inc., based in New York, owns BBDO Worldwide, DDB Worldwide Communications Group and TBWA Worldwide, among other agencies. Paris-based Publicis Groupe SA runs its namesake agency as well as Leo Burnett Worldwide, Saatchi & Saatchi and DigitasLBi. Their merger creates a company with combined annual revenue of about $23 billion, leapfrogging them over current London-based industry leader WPP PLC.
For the first year, Omnicom Chairman Bruce Crawford will serve as non-executive chairman of the new company. He will be succeeded by Elisabeth Badinter, the current Publicis Groupe chairwoman, and daughter of its founder, for the second year.
Levy is slated to take the non-executive chairman's seat after 30 months, leaving Wren to continue as sole CEO from that point.
Omnicom, which also owns public relations firms such as Fleishman-Hillard, Porter Novelli and Ketchum, reported 2012 profit of nearly $1 billion on revenue of $14.22 billion. Earlier this month, the Madison Avenue giant posted second-quarter earnings that topped analysts' average forecast, though revenue growth of 2 percent fell just short of expectations.
Founded in 1986, Omnicom generates just over half of its revenue from U.S. clients, and about one-quarter from European and British markets combined. The company's stock has risen 31 percent in the last 12 months, recently peaking at $67.43 on the New York Stock Exchange.
Omnicom will benefit from Publicis' strategic shift in the last few years toward digital operations, as the French company beefed up its digital marketing profile with the acquisitions of Digitas, Razorfish, Rosetta, Big Fuel and LBi. Publicis, which had revenue of $8.78 billion in 2012, had targeted generating 75 percent of its revenue in digital and fast-growing countries by 2018, according to a recent investor presentation.
The move gives Publicis, which has faced questions about who will succeed 71-year-old Levy, access to Omnicom's well-regarded senior leadership, said James Dix, an analyst at Wedbush Securities.
Analysts said the deal also represents even more consolidation in an industry that is already dominated by just a few players, a fact that might not sit well with U.S. regulators.
If the Omnicom-Publicis combination goes through, the combined company would account for nearly 40 percent of the U.S. ad industry, twice as much as the nearest competitor, WPP, according to Brian Wieser, an analyst at Pivotal Research Group in New York.
Wieser said Sunday the deal came as a surprise to many in the industry. Omnicom, he said, has "always been viewed as too large to get any larger."
The combined company will have more than 130,000 employees.
One concern is whether Omnicom and Publicis can strike a harmonious balance of power ? something that can be difficult in mergers of similar-sized companies.
"It's not clear yet who really is in the driver's seat," Wieser said. "That will emerge over time."
The fact that the two firms are based in different countries could also become an issue, Dix said. "You have these fiefdoms that keep people from playing together. One company is based in Paris, one is in New York. Where is the power center?" he said in an interview Saturday.
Dix expects that top executives are comfortable with the structure of the deal, but the adjustment may be more difficult for the next level of executives who run the firms' units.
"Now they have to fit together into a broader organization," Dix said. "If you lose clients or have defections of senior executives then you have something that looked good on paper but didn't quite play out."
The combination has been approved by the boards of both companies, but remains subject to regulatory approval in both the U.S. and Europe, and to a vote by shareholders of both companies. The deal is structured so that the shareholders of Publicis Groupe and Omnicom, after special dividends, will each hold approximately 50 percent of the company.
Publicis Groupe shareholders will receive one new share of Publicis Omnicom Group for each Publicis Groupe share they own, together with a special dividend of 1 euro per share. Omnicom shareholders will receive 0.813 new shares of Publicis Omnicom Group for each Omnicom share they own, plus a special dividend of $2 per share. The new company intends to be listed in Paris and on the New York Stock Exchange.
The combination could have a domino effect on the industry, spurring marriages between other ad giants who might fear they can't compete otherwise, said Michael Corty, an analyst at Chicago-based Morningstar. "Within the ad agency industry, this is potentially an earthquake deal."
___
Business News reporters Christina Rexrode and Jon Fahey contributed from New York.
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2nd body found in NY river where best man fell in
PIERMONT, N.Y. (AP) ? A second body was pulled from the Hudson River on Sunday near where a bride-to-be and her fiance's best man went missing after a nighttime boat crash near the Tappan Zee Bridge.
The body of a man believed to be 30-year-old Mark Lennon was discovered by someone on a recreational watercraft who then called 911, Rockland County Sheriff Louis Falco said. The body was found near Piermont about a mile downstream from where the body of a woman believed to be bride-to-be Lindsey Stewart was found Saturday.
Falco said both families had been notified and were distraught. The bodies have since been taken to the medical examiner's office; neither person was wearing a life vest.
"I don't think you can put words to what we have to tell these families," he said.
Stewart was set to be married Aug. 10. Lennon was the best man.
Lennon and Stewart were thrown into the river Friday night after their speedboat crashed into a barge carrying materials for the construction of a replacement for the bridge. Four other friends, including Stewart's fiance, Brian Bond, and the boat operator, Jojo John, were hospitalized.
John, 35, of Nyack, was charged Saturday with vehicular manslaughter and three counts of vehicular assault from a hospital bed, where he was recovering from his injuries in the crash, said William Barbera, chief of the Rockland County Sheriff's Office. Authorities say they suspect John was intoxicated at the time of the crash, but they are awaiting results of blood tests.
Attempts to reach John's family weren't immediately successful and it wasn't clear if he had an attorney.
Authorities have declined to identify the other two boat passengers, saying they're considered witnesses to a crime. One of them has been released from the hospital.
Authorities have said the barge was equipped with lights, but it was still difficult to see on the water late at night. Falco said Sunday that the lighting would be a part of the investigation.
"We will determine if those barges were lit properly and if it was a factor," he said.
Sheryl Palacio, a high school biology teacher from Valley Cottage, went to the pier Sunday with her two young sons and father and said she knows Bond, an art teacher, and John.
"I've known Brian my whole life," she said. "He's an outstanding teacher, a wonderful, kind, respectful man. Now his best friend is missing and his other best friend is charged with manslaughter."
Palacio said John worked as a banker at a local Chase branch and opened accounts for her two boys.
"I just want to make sure everyone knows he was a good man, happy and loving," she said. "He was always telling me about his nieces and nephews."
Palacio's father, Mitchell Turk, of Orangeburg, said he visited with Bond's mother, Jean, at her home in Pearl River on Sunday.
"It's sad and quiet there, long faces. They're trying to carry on, doing as well as can be expected," Turk said.
The group left the village of Piermont for a short trip aboard the 21-foot Stingray across the river to Tarrytown, about 30 miles north of New York City, authorities said.
Stewart, of Piermont, worked for an insurance company. She and Bond were to be married at the Good Shepherd Lutheran Church in Pearl River, with a reception at a vineyard in Hillburn, her stepfather, Walter Kosik, said.
The couple had known each other for years and used to go to church together, he said.
"They have been friends the whole time, and they fell in love about 3 ? years ago," Kosik said.
The New York State Thruway Authority, which is overseeing the bridge project, said it was reviewing safety procedures. It said the lighting on the barges appeared to be functioning normally.
"Our thoughts and prayers are with the victims and their families during this difficult time," the authority said in a statement.
Source: http://news.yahoo.com/2nd-body-found-ny-river-where-best-man-183823670.html
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শনিবার, ২৭ জুলাই, ২০১৩
Beautiful design meets technical innovation. Download the Audi Magazine iPad ap...
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Golf-'Oh baby',Canadian Open wide open after Mahan withdrawal
OAKVILLE, Ontario, July 27 |
OAKVILLE, Ontario, July 27 (Reuters) - Brandt Snedeker will take a one shot cushion into the final round of the Canadian Open after leader Hunter Mahan walked away from a potential $1 million payday on Saturday to be home for the birth of his child.
A wild day of rain delays, spectacular charges and a dazzling nine-under 63 from Snedeker at Glen Abbey Golf Course were all overshadowed by Mahan's hurried exit that threw the tournament wide open.
Mahan, a five-time winner on the PGA Tour, had held a two shot overnight lead but while warming up on the driving range received word that his wife Kandi had gone into labor.
One of the hottest players on PGA Tour after having played in the final group at both last week's British Open and before that the U.S. Open, Mahan did not hesitate to give up his shot at the $1 million winner's purse, rushing back to Dallas for the birth of his first child.
"On the seventh tee I looked up and I didn't see Hunter's name on the leaderboard and I looked at my caddie, and go, 'What's going on'," Snedeker told reporters. "He goes, 'I think Hunter had to leave because Kandi went into labor.'
"Hunter was going to be hard to catch because he was playing so good.
"With him leaving now, the tournament is wide open and I knew I had a chance if I could keep the momentum going after the first six holes to really ride it out and do something special today."
With Mahan's name off the leaderboard the scramble was on as golfers took advantage of the soft conditions to attack the Jack Nicklaus designed layout.
Snedeker, who began the day a massive eight shots back of Mahan, surged to the top behind an error free display that was just one birdie shy of equaling the Glen Abbey course record of 62.
Lurking one shot back is David Lingmerth, who eagled the par five 18th, to cap off a round of seven-under 65 and put the Swede in contention for a maiden PGA Tour title on 13-under 203.
Matt Kuchar, the highest ranked player in the field at number six, fired a bogey-free eight-under 64 will start Sunday's final round just two back alongside Jason Bohn, who had a 66.
"I think Hunter right now is playing some of the best golf of anybody in the world," said Kuchar. "To be in the final group of the U.S. Open, final group of the British Open, come here playing just great golf, you knew he was just going to continue to play good golf.
"Not having him in the field kind of bunches the rest of us up and I think kind of gave everybody a chance."
With thunder storms in the area warning horns sounded at exactly noon with spectators and players ordered to evacuate the course.
Before the 80-minute delay several of the early starters, including a trio of former Masters champions Fijian Vijay Singh (2000) and South Africans Charl Schwartzel (2011) and Trevor Immelman (2008) had already mounted charges.
Singh, winner of the 2004 Canadian Open in a playoff over local favourite Mike Weir, got an overcast day off to a bright start going birdie-eagle-birdie to jump up the leaderboard.
The big Fijian would add four more birdies before his round unraveled with a double-bogey at the 15th just prior to the delay followed by a bogey at the 16th right after play resumed but still finished with a 66 to sit just six off the pace.
Immelman also had a 66 but will start five back of the leader while Schwartzel (66) has the most work to do seven shots behind the leader. (Editing by Gene Cherry)
Source: http://feeds.reuters.com/~r/reuters/UKGolfNews/~3/oG3CGm7ITGw/golf-pga-idUKL4N0FX07U20130727
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Rebel pope urges Catholics to shake up dioceses
RIO DE JANEIRO (AP) ? Pope Francis showed his rebel side Thursday, urging young Catholics to shake up the church and make a "mess" in their dioceses by going out into the streets to spread the faith. It's a message he put into practice by visiting one of Rio's most violent slums and opening the church's World Youth Day on a rain-soaked Copacabana Beach.
Francis was elected pope on a mandate to reform the church, and in four short months he has started doing just that: He has broken long-held Vatican rules on everything from where he lays his head at night to how saints are made. He has cast off his security detail to get close to his flock, and his first international foray as pope has shown the faithful appreciate the gesture.
Dubbed the "slum pope" for his work with the poor, Francis received a rapturous welcome in the Varginha shantytown, part of a slum area of northern Rio so violent it's known as the Gaza Strip. The 76-year-old Argentine seemed entirely at home, wading into cheering crowds, kissing people young and old and telling them the Catholic Church is on their side.
"No one can remain insensitive to the inequalities that persist in the world!" Francis told a crowd of thousands who braved a cold rain and stood in a muddy soccer field to welcome him. "No amount of peace-building will be able to last, nor will harmony and happiness be attained in a society that ignores, pushes to the margins or excludes a part of itself."
It was a message aimed at reversing the decline in the numbers of Catholics in most of Latin America, with many poor worshippers leaving the church for Pentecostal and evangelical congregations. Those churches have taken up a huge presence in favelas, or shantytowns such as Varginha, attracting souls with nuts-and-bolts advice on how to improve their lives.
The Varginha visit was one of the highlights of Francis' weeklong trip to Brazil, his first as pope and one seemingly tailor-made for the first pontiff from the Americas.
The surprise, though, came during his encounter with Argentine pilgrims, scheduled at the last minute in yet another sign of how this spontaneous pope is shaking up the Vatican's staid and often stuffy protocol.
He told the thousands of youngsters, with an estimated 30,000 Argentines registered, to get out into the streets and spread their faith and make a "mess," saying a church that doesn't go out and preach simply becomes a civic or humanitarian group.
"I want to tell you something. What is it that I expect as a consequence of World Youth Day? I want a mess. We knew that in Rio there would be great disorder, but I want trouble in the dioceses!" he said, speaking off the cuff in his native Spanish. "I want to see the church get closer to the people. I want to get rid of clericalism, the mundane, this closing ourselves off within ourselves, in our parishes, schools or structures. Because these need to get out!"
Apparently realizing the radicalness of his message, he apologized in advance to the bishops at home.
Later Thursday, he traveled in his open-sided car through a huge crowd in the pouring rain to a welcoming ceremony on Copacabana beach. It was his first official event with the hundreds of thousands of young people who have flocked to Rio for World Youth Day. Vatican officials estimated the crowd at 1 million.
Cheering pilgrims from 175 nations lined the beachfront drive to catch a glimpse of the pontiff, with many jogging along with the vehicle behind police barricades. The car stopped several times for Francis to kiss babies ? and take a long sip of his beloved mate, the traditional Argentine tea served in a gourd with a straw, which was handed up to him by someone in the crowd.
After he arrived at the beach-front stage, though, the crowd along the streets melted away, driven home by the pouring rain that brought out vendors selling the plastic ponchos that have adorned cardinals and pilgrims alike during this unseasonably cold, wet week.
In an indication of the havoc wreaked by four days of steady showers, organizers made an almost unheard-of change in the festival's agenda, moving the Saturday vigil and climactic Sunday Mass to Copacabana Beach from a rural area 30 miles (50 kilometers) from the city center. The terrain of the area, Guaratiba, had turned into a vast field of mud, making the overnight camping plans of pilgrims untenable.
The news was welcome to John White, a 57-year-old chaperone from the Albany, New York, diocese who attended the past five World Youth Days and complained that organization in Rio was lacking.
"I'm super relieved. That place is a mud pit and I was concerned about the kid's health and that they might catch hypothermia," he said. "That's great news. I just wish the organizers would have told us."
Francis' visit to the Varginha slum followed in the footsteps of Pope John Paul II, who visited two such favelas during a 1980 trip to Brazil, and Mother Teresa, who visited Varginha itself in 1972. Her Missionaries of Charity order has kept a presence in the shantytown ever since.
Like Mother Teresa, Francis brought his own personal history to the visit: As archbishop of Buenos Aires, then-Cardinal Jorge Mario Bergoglio frequently preached in the poverty-wracked slums of his native city, putting into action his belief that the Catholic Church must go to the farthest peripheries to preach and not sit back and wait for the most marginalized to come to Sunday Mass.
Francis' open-air car was mobbed on a few occasions as he headed into Varginha's heavily policed, shack-lined streets, but he never seemed in danger. He was showered with gifts as he walked down one of the slum's main drags without an umbrella to shield him from the rain. A well-wisher gave him a paper lei to hang around his neck and he held up another offering ? a scarf from his favorite soccer team, Buenos Aires' San Lorenzo.
"Events like this, with the pope and all the local media, get everyone so excited," said Antonieta de Souza Costa, a 56-year-old vendor and resident of Varginha. "I think this visit is going to bring people back to the Catholic Church."
Addressing Varginha's residents, Francis acknowledged that young people in particular have a sensitivity toward injustice.
"You are often disappointed by facts that speak of corruption on the part of people who put their own interests before the common good," Francis told the crowd. "To you and all, I repeat: Never yield to discouragement, do not lose trust, do not allow your hope to be extinguished."
It was a clear reference to the violent protests that paralyzed parts of the country in recent weeks as Brazilians furious over rampant corruption and inefficiency within the country's political class took to the streets.
Francis blasted what he said was a "culture of selfishness and individualism" that permeates society today, demanding that those with money and power share their wealth and resources to fight hunger and poverty.
"It is certainly necessary to give bread to the hungry ? this is an act of justice. But there is also a deeper hunger, the hunger for a happiness that only God can satisfy," he said.
___
Associated Press writer Bradley Brooks contributed to this report.
___
Nicole Winfield on Twitter: www.twitter.com/nwinfield
Source: http://news.yahoo.com/rebel-pope-urges-catholics-shake-dioceses-001425111.html
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