Monday, March 5, 2012

Mattel Posts Lower 3Q Profit on Charges

LOS ANGELES - Mattel Inc. on Monday reported a 1 percent drop in fiscal third-quarter profit, due to charges related to multiple product recalls by the world's biggest toy maker.

Its shares fell more than 2 percent in morning trading.

The El Segundo, Calif.-based company said net income for the quarter ended Sept. 30 slipped to $236.8 million, or 61 cents per share, from $239 million, or 62 cents per share, in the year-ago period. Latest-quarter results included charges of about $40 million related to the company's product recalls covering merchandise that contained lead magnets or bore lead paint.

Sales rose 3 percent to $1.84 billion from $1.79 billion a year …

Miles joins Covisint.(Brief Article)

DETROIT - Alice Miles, 46, the lead Ford Motor Co. executive assigned to Covisint LLC, has joined the online trade exchange as acting chief product officer. She had been director of purchasing process leadership at Ford.

Peter Weiss, 39, who represented DaimlerChrysler's stake during Covisint's initial development, has become Covisint's executive vice president of …

Sealy contract talks set to resume today.(Business)

GREEN ISLAND - Talks on a new contract, which would end the lockout of more than 360 unionized employees at Sealy Corp.'s Green Island mattress plant, will resume this afternoon. The session follows some apparent movement toward a settlement Thursday.

"We had movement again today," Dan Hige, the Sealy vice president in charge of the Green Island plant, said Thursday. …

Sunday, February 26, 2012

Report Finds That Luxury Websites Are Falling Short of Chinese Consumer Expectations.(Report)

Average website loads in 16 seconds, despite the fact that online shoppers in China are some of the most demanding in the world

VANCOUVER, British Columbia -- A new report, released today by Strangeloop Networks, finds that despite the fact that China is poised to become the world's most powerful online consumer base by 2015, many leading U.S. and European luxury websites are currently delivering a profoundly sub-par user experience.

"This study has implications far beyond the luxury market," said Jonathan Bixby, Strangeloop CEO. "We targeted this audience because we see it as something of a canary in the coal mine. Chinese consumers already have a strong affiliation with American and European luxury brands, so it makes sense to feel out this market with websites they are already using. What we found is that, right now, shoppers in China are receiving an abysmal user experience from these sites."

Entitled "Why Luxury Websites Are Disappointing Chinese Consumers (And Why This Matters to You)", the study tested the websites of 100 international luxury brands to determine how quickly the home pages load for a shopper in the city of Jiangsu, China. The study found that the average load time was 16.2 seconds. While brands like Halston and Givenchy loaded in fewer than 3 seconds, most other sites did not fare as well, with some taking up to 58 seconds to load.

Web usability experts state that 2 seconds is the optimal load time for internet users. By 10 seconds, most users lose interest and abandon the site. China reportedly has the most demanding web users in the world. A recent survey by Gomez found that 75% of Chinese mobile device users said that they would leave a site after just 3 seconds.

"As China's online commerce base is poised to bypass the U.S. and Japan, there is a huge opportunity for any company that chooses to pursue this audience," Bixby continued. "But to woo Chinese consumers successfully, site owners are going to have to tackle their page speed issues. Web users in China are one of the most demanding groups in the world. They expect sites to load fast, and right now, most sites are failing to meet those expectations."

The report cites research indicating why China is emerging as an ecommerce powerhouse:

* In 2009 - during the low point of the global recession - the sale of luxury goods in China grew by 16%. By 2015, China will comprise 20 percent of global luxury sales, surpassing Japan as the world's single largest luxury market. [McKinsey]

* In 2010, China had 420 million internet users - nearly twice as many as in the U.S. By 2015, that number is expected to reach 750 million. [McKinsey]

* Chinese shoppers have not yet hit their projected peak of online spending. Only a third of China's internet users currently shop online, compared with two-thirds in the U.S. As China's online population continues to grow, and as an increasing number of these internet users become online shoppers, this gap is closing quickly. [iResearch]

View the free report: "Why Luxury Websites Are Disappointing Chinese Consumers (And Why This Matters to You)" www.strangeloopnetworks.com/site-performance-in-china-report

View a high-res poster version of our China infographic here: www.strangeloopnetworks.com/china_infographic.jpg

About Strangeloop

Strangeloop is a leader in providing Web Content Optimization (WCO) solutions that enable global ecommerce companies like Petco, Travelocity and Visa to speed up the page load times of their websites and enterprise applications. An early entrant in the WCO space, the company was the first to market an automated solution - the Strangeloop Site Optimizer -- to tackle the core of today's performance problem as a service via the cloud. Strangeloop was also the first company to integrate Google's SPDY protocol into its product offerings. Site Optimizer, which is also available as a hardware appliance, simplifies Web Content Optimization from a lengthy and complex coding process into an automated function. For more information, visit www.strangeloopnetworks.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6813277&lang=en

Alexithymia, coping styles and interpersonal behavior in the context of Internet addiction.(ADDICTIONS, URGES AND CRAVINGS: TOWARDS BETTER UNDERSTANDING AND TREATMENTS)(Report)

Introduction

Firstly, Internet addiction is a complex phenomenon that is not fully understood yet [1]. The hallmark of this work is a wide spectrum approach to the study of the relationship between man and technology using heterogeneous psychology tools (dependence, alexithymia, coping, assertiveness).

The main hypotheses of this study are:

* H1--Whether there is a positive correlation between Internet abuse and alexithymic behavior

* H2--Whether there is a positive correlation between Internet abuse and interpersonal behavior discomfort

* H3--Whether Internet-addicted and non-addicted subjects show a substantial difference in the use of coping strategies

* H4--Whether a different attitude towards the "virtual environment" correlates with the risk of Internet addiction.

Methods

The study was carried out on a sample of 200 university and professional school students of aged between 18-34 years (mean=22.11; standard deviation= 2.99).

The subjects were administered the following tests:

* TAS-20 [2];

* IAT (Internet Addicion Test) [3] [4];

* COPE-NVI (Coping Orientation to Problems Experienced--Nuova Verione Italiana) [5];

* SIB short version (Scale for Interpersonal Behavior) [6].

Statistical analysis was performed with the SPSS software. Correlation among IAT, TAS-20 and SIB scores was assessed with the Pearson correlation coefficient. For the differential analyses significance was assessed with the Mann-Whitney U test and the Kruskal-Wallis H test.

Results

Our results confirm the existence of a correlation between Internet abuse and alexithymic behavior (H1) (r=0.363, p< 0.01) [7] and between Internet abuse and interpersonal behavior discomfort (H2) (r=0.172, p< 0.05). We found a positive correlation between IAT and SIB scores in discomfort (r=0.172, p< 0.05), in particular in expressing and managing personal limits (r=0.196, p< 0.01) and in initiative assertiveness (r=0.172, p< 0.05). Comparison between Internet-addicted and non-addicted subjects confirmed the existence of characteristic coping strategies (H3) in an addictive use of the net. The subjects that showed an addictive use of the net preferentially use avoidance strategies when challenged with stressful events (U=1107.5, p< 0.01) and refrain from a problem solving approach (U=1553, p< 0.05). By grouping the subjects by their attitude towards the "virtual environment" (attraction, fear or neutral) we identified significant differences in Internet abuse and addiction (H4) (H=15.310, p< 0.01): those attracted by the "virtual world" show increased tendency towards Internet abuse and avoidance strategies (H=13.799, p< 0.01) and show decreased tendency towards strategies such as humor and religion (H=13.799, p< 0.01).

Conclusions

We find that alexithymic behavior is associated with Internet abuse. In the net, alexithymic subjects may find a means of encapsulation and neutralization of their own emotional states: techno-mediated experiences may function as an external regulator of feelings. As far as coping strategies are concerned, there is an evident correlation between addiction and avoidance strategies. This correlation is well documented in the literature about drug addiction and appears to be pertinent to addictive Internet usage as well.

Those who abuse the net show increased discomfort in managing their relationships with other people and in expressing limits, needs and wants from a verbal and a behavioral point of view. Such discomfort is shown independently of the number of daily interactions the subject actually experiences. Such discomfort is not linked to an actual failure in social interactions but rather to a systematic negative opinion of one's own role in interpersonal relationships.

Clinically, our evidence suggests that Internet addiction should be approached by keeping in mind both the subject's personality and his social adaptation. Future studies will address the correlation between these two variables.

References

[1] Mark Griffiths, Does Internet and Computer "Addiction" Exist? Some Case Study Evidence, CyberPsychology & Behavior 3 (2000), 211-218.

[2] Cinzia Bressi, Graeme Taylor, James Parker, & al., Cross Validation of the Factor Structure of the 20-item Toronto Alexithymia Scale: an Italian Study, Journal of Psychosomatic Research 41 (1996), 551-559.

[3] Kimberly S. Young, Internet Addiction: the Emergence of a New Clinical Disorder, CyberPsychology & Behavior 1 (1998), 237-244.

[4] Giovanni Ferraro, Barbara Caci, Antonella D'Amico, Marie Di Blasi, Internet Addiction Disorder: an Italian Study, CyberPsychology & Behavior 10 (2007), 170175.

[5] Claudio Sica, Cristina Magni, Marta Ghisi, & al., Coping Orientation to Problems Experienced--New Italian Version, Psicoterapia Cognitiva e Comportamentale 14 (2008), 27-53.

[6] Willem Arrindel, Cristiana Bartolini, Sanavio Ezio, Italian Version of the Scale for Interpersonal Behavior, Psicoterapia Cognitiva e Comportamentale 5 (1999), 99-107.

[7] Domenico De Bernardis, Alessandro D'Albenzio, Francesco Gambi, & al., Alexithymia and Its Relationships with Dissociative Experiences and Internet Addiction in a Nonclinical Sample, CyberPsychology & Behavior 12 (2009), 67-69.

Francesco Conti (a), (1) and Ivan Formica (a)

(a) Department of Pedagogy and Psychology, University of Messina, Italy

(1) Corresponding author:

Francesco Conti

Department of Pedagogy and Psychology

University of Messina, Italy

E-mail: fconti81@gmail.com

UMD-LED PROGRAM RECOGNIZED AS BOOST TO STATE'S ECONOMIC DEVELOPMENT MARYLAND INDUSTRIAL PARTNERSHIPS HONORED BY MEDA.

COLLEGE PARK, Md. -- The following information was released by the University of Maryland - College Park:

The Maryland Industrial Partnerships program (MIPS) - an initiative of the Maryland Technology Enterprise Institute (Mtech) at the University of Maryland - has received a major award for its nearly quarter-century efforts to help state businesses research and launch new ventures.

The Maryland Economic Development Association (MEDA) is honoring MIPS with its Economic Impact Award. MEDA is making the one-time award as part of its 50th Anniversary. The prize was announced on June 6 at MEDA's annual conference in Cambridge, Md.

MIPS is a technology and biotech grant program that supports Maryland companies, teaming them with researchers at University System of Maryland institutions.

The marriage of academic researchers and businesses is intended to result in the development of marketable products or services. Both companies and MIPS contribute money, which is used to support the work of the faculty and graduate students participating in the research.

The Economic Impact Award celebrates a project or program "bringing lasting investment and momentous impact to a region and to the state at large," according to MEDA's guidelines. Honorees "create and nurture economic growth, prosperity, and renewal on a sweeping scale, improving Marylanders' lives far beyond regional borders."

"MIPS has certainly proven its value as an enlightened partnership of academic expertise and business creativity," says University of Maryland President Wallace D. Loh. "Pairing our top experts in a field with private industry at a critical moment in the innovation life cycle just makes good sense, as MIPS record demonstrates. We're very honored to receive this recognition from Maryland's development professionals."

Current MIPS projects are tackling cancer, pollution, renewable energy, faster Internet via satellite, unmanned aerial vehicles, anthrax, malaria and staph infections.

"We are extremely pleased to recognize these initiatives and individuals as the winners of the 2011 MEDA Awards, says Laurie M. Boyer, president of MEDA. "They support and enhance Maryland's economic environment, and MEDA is proud to honor them."

More than 450 companies in Maryland have benefitted from MIPS since its inception in 1987, adds Martha Connolly, the program's director. Commercial products benefiting from MIPS projects have generated more than $21.6 billion in revenue, added thousands of jobs to the region, and contributed to successful products such as Martek Biosciences' nutritional oils, Hughes Communications' HughesNet", MedImmune's Synagis[R], and Black and Decker's Bullet[R] Speed Tip Masonry Drill Bit.

"MIPS works," Connolly says. "Consider these companies, all of which leveraged MIPS funding to develop products: in addition to the above-mentioned MedImmune, Martek, Digene, Black and Decker and HughesNet, you also have Quantum Sail, WellDoc, CSA Medical, Northrop Grumman, PAICE and Lockheed Martin. Many of these companies were small at the time. MIPS funding helped them grow. This is a long-standing, best-practice program with big impact. Maryland is fortunate to have had it here for so long."

Evaluation criteria for the MEDA award included: contribution to economic development best practices; innovation and creativity; significance of impact on employment; impact/expansion of the tax base; diversification of the area's economy; community revitalization; enhancement community life; environmental stewardship; a strategic approach, including purpose, intended outcomes, and targeted audiences; innovation, originality, and cost effectiveness; and the achievement of stated objectives and method of measuring results.

Voice-Over Industry Insider Launches Consulting Service.

Marc Guss Offers Career and Voice Training Expertise to Performing Artists and Business Professionals

NEW YORK, May 24, 2011 /PRNewswire/ -- Voice-over talent specialist Marc Guss, a top William Morris voice-over agent for more than a decade, has launched Alpha Voices, a NYC-based voice consulting service.

(Photo: http://photos.prnewswire.com/prnh/20110524/NY07694 )

As an entertainment industry veteran, Guss has represented many of the industry's prominent voice-over performers including Lauren Bacall, Whoopi Goldberg, NFL Films' voice Harry Kalas, and Jim Birdsall, the voice of CNBC. Guss has worked directly with these and many other celebrity artists to develop their distinctive talent into a marketable, valued commodity.

Guss offers an elite and comprehensive repertoire of industry knowledge to actors and artists working within the voice-over industry. His services provide voice-over training and technique as well as the critical insight needed to give artists the career guidance they require the most.

With Alpha Voices, one-on-one training is now also being extended to business professionals, communicators and leaders in virtually every field who rely on their public speaking and verbal communications skills.

"In addition to working with actors and voice-over artists, as a one-on-one consultant, I am now able to share my training approach as an enhancement for anyone whose livelihood depends on the spoken word," said Guss.

"The need to speak with clarity and confidence is an important asset. By mastering voice-over technique, people can communicate their message with greater control and effect, a skill that will deliver tangible rewards," he added.

In addition to the commercial voice-over industry, Guss points out that the business world relies on a wide range of digital media to communicate, including podcasts, website and intranet announcements, YouTube presentations, internet conferencing, and even voice mail greetings and phone calls.

About Alpha Voices

Founded by veteran William Morris talent agent Marc Guss, Alpha Voices is a New York City-based voice consulting service that helps to hone the communication skills of its clients through intensive, one-on-one consultations. Alpha Voices provides a high-level of skilled, professional guidance to artists in the voice-over community as well as to the burgeoning field of business professional communicators. For more information about Marc Guss and Alpha Voices, visit www.AlphaVoices.com, twitter @marcguss, Alpha Voices Facebook.

SOURCE Alpha Voices

Cliffs Natural Resources Joins Ranks of the Fortune 500.(Company rankings)

CLEVELAND, May 6, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced it has been added to the Fortune 500 list 2011, Fortune Magazine's annual ranking of America's largest companies by revenue. Cliffs is ranked at No. 477, with annual revenues of $4.7 billion for 2010.

(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )

"We are pleased to attain this ranking in the prestigious Fortune 500," said Joseph A. Carrabba, Cliffs' chairman, president and chief executive officer. "We consider it another significant milestone in our growth."

About Cliffs Natural Resources Inc.

Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal. Cliffs' strategy is to continually achieve greater scale and diversification in the mining industry through a focus on serving the world's largest and fastest growing steel markets. Driven by the core values of social, environmental and capital stewardship, Cliffs associates across the globe endeavor to provide all stakeholders operating and financial transparency.

The Company is organized through a global commercial group responsible for sales and delivery of Cliffs products and a global operations group responsible for the production of the minerals the Company markets. Cliffs operates iron ore and coal mines in North America and two iron ore mining complexes in Western Australia. The Company also has a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. In addition, Cliffs has a major chromite project, in the pre-feasibility stage of development, located in Ontario, Canada.

News releases and other information on the Company are available on the Internet at: http://www.cliffsnaturalresources.com

'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995

This news release contains predictive statements that are intended to be made as 'forward-looking' within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties.

Actual results may differ materially from such statements for a variety of reasons, including: the uncertainty or weakness in global economic and/or market conditions, including any related impact on prices; trends affecting our financial condition, results of operations or future prospects; our ability to successfully integrate the operations of our acquired businesses into our operations, including without limitation, Consolidated Thompson if it is successfully acquired; the outcome of any contractual disputes with our customers or significant suppliers of energy, materials or services; changes in the sales volumes or mix; our ability to reach agreement with iron ore customers regarding modifications to sales contract pricing escalation provisions to reflect a shorter-term or spot-based pricing mechanism; the impact of price-adjustment factors on our sales contracts; our ability to achieve post-acquisition synergies; availability of capital equipment and component parts; the failure of plant, equipment or processes to operate as anticipated; the ability of our customers to meet their obligations to us on a timely basis or at all; events or circumstances that could impair or adversely impact the viability of a mine and the carrying value of associated assets; inability to achieve expected production levels; the results of pre-feasibility and feasibility studies in relation to projects; our ability to obtain any permits, approvals, modifications or other authorization of, or from, any governmental or regulatory entity; our actual economic ore reserves; reductions in current resource estimates; risks related to international operations, adverse changes in currency values, currency exchange rates and interest rates; our ability to achieve the strategic and other objectives related to acquisitions; impacts of increasing governmental regulation including failure to receive or maintain required environmental permits; the ability to maintain liquidity and successfully implement our financing plans; and problems or uncertainties with productivity, third party contractors, labor disputes, weather conditions, natural disasters, fluctuations in ore grade, tons mined, changes in cost factors, the supply or price of energy, transportation, mine closure obligations and employee benefit costs and other risks of the mining industry; and the satisfaction or waiver of closing conditions in the arrangement agreement with Consolidated Thompson, including obtaining required regulatory approval.

Reference is also made to the detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, set forth in our Annual Report and Reports on Form 10-K, Form 10-Q and previous news releases filed with the Securities and Exchange Commission, which are publicly available on Cliffs Natural Resources' website. The information contained in this document speaks as of the date of this news release and may be superseded by subsequent events. Except as may be required by applicable securities laws, we do not undertake any obligation to revise or update any forward-looking statements contained in this press release.

News releases and other information on the Company are available on the Internet at:

http://www.cliffsnaturalresources.com or

www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1

SOURCE Cliffs Natural Resources Inc.

Saturday, February 25, 2012

KANSAS PUBLIC RADIO MEMBERSHIP DRIVE NETS HIGHEST TOTAL EVER.

LAWRENCE, KS -- The following information was released by the University of Kansas:

It was a great week for Kansas Public Radio, and it's all thanks to listeners.

After eight days of on-air fundraising, KPR ended its spring membership drive with more than $295,000 in pledges. At 9:30 a.m. April 15, pledges from KPR listener-members pushed total donations to $297,673, the most a single membership drive has ever raised.

The membership drive began April 6 with more than $124,000 raised through a direct-mail campaign. Eight days later, more than $173,000 was raised through on-air appeals to new and renewing members.

"This was KPR's most impressive membership drive ever," said KPR Development Direct Sheri Hamilton. "We told our listeners that state and federal funding cuts are a very real possibility and they told us, via their pledges, that KPR is important in their lives every day.

"We raised almost $300,000 during this drive, about $50,000 more than last fall. That will go along way toward offsetting any budget cuts."

After the numbers were tallied, more than 2,450 listeners had pledged through direct mail, on-air appeals or at KPR's website, kpr.ku.edu. The overall total does not include challenge grants, in which a company or individual will donate money if KPR can raise a certain level of funding during a show. More than $32,000 was raised through challenge grants.

On April 14, Kansas Gov. Sam Brownback stopped by to help with on-air fundraising. His budget proposes cutting from the $1.5 million from public broadcasters across the state, including $105,000 from KPR. Brownback said the state doesn't have the money to support public broadcasting, so it's more important than ever for listeners to donate. After he was finished with his on-air shift, Brownback made a donation to KPR on behalf of his family.

All donations during spring and fall membership drives directly support programming services.

In each hour, KPR interrupts programming for about 10 to 15 minutes to ask for donations. Regular programming resumes for the rest of the hour. The membership drive featured a "Power Breakfast" on April 6, when an entire day's fundraising was compressed into just 90 minutes. That raised more than $40,000.

More than 100 volunteers answered phones from 6 a.m. until 6 p.m. during the drive. Area restaurants donated meals and beverages for volunteers' breakfasts, lunches, dinners and snacks.

KPR, licensed to the University of Kansas, broadcasts on 91.5 FM in Lawrence, 89.7 FM in Emporia, 91.3 FM in Olsburg-Junction City, 89.9 FM in Atchison, 90.3 FM in Chanute and 99.5 FM and 97.9 FM in Manhattan. KPR can be heard on the Internet at kpr.ku.edu.

-30-

John Q. Hammons Leads Embassy Suites[R] Q1 2009 Spirit Awards.

SPRINGFIELD, Mo. -- Exceptional service is the mantra of living hotel legend Mr. John Q. Hammons. His employees consistently delivering on this commitment was recently recognized when nine out of 15 of the Embassy Suites Hotels brand's Q1 2009 Spirit of Embassy Award recipients were from properties managed by John Q. Hammons Hotels & Resorts. Springfield, Mo.-based John Q. Hammons Hotels & Resorts (www.jqhhotels.com) is the nation's leading independent builder, developer, owner and manager of upscale, full-service hotels, resorts and suites.

The Spirit of Embassy Award recognizes exemplary hotel associates that go out of their way to make a difference for the Embassy Suites Hotels brand comprised of nearly 30,000 employees and 198 hotels worldwide. Nominated by their peers because of exemplary loyalty, attitude and service, the chosen team members continually exceed expectations of both customers and fellow team members. Less than 1 percent of all Embassy Suites team members nationwide receive this honor each year.

Following is a list of John Q. Hammons' Q1 Spirit of Embassy Award recipients that received a celebration in their honor; a $350 check; a special lapel pin; recognition throughout the Embassy Suites, Hilton and John Q. Hammons brands; and a Spirit Award poster and plaque highlighting their achievement:

[TABLE OMITTED]

"A great performing hotel doesn't just rely on the facility's high quality appearance. Exceptional service will never go out of style," said Mr. John Q. Hammons, founder, chairman, and chief executive officer of John Q. Hammons Hotels & Resorts. "It's quite enjoyable to see so many of our hotel staff nationwide being recognized for superior job performance."

Property Information

John Q. Hammons' Embassy Suites Hotels emit a contemporary flair that invites guests to enjoy the exceptional appointments and outstanding customer service that define the John Q. Hammons Hotels & Resorts and the Embassy Suites Hotels brands. Each guest suite features a private bedroom and spacious living room equipped with two LCD televisions, refrigerator, wet bar, microwave oven, coffee maker, two telephones with data ports, high-speed Internet access, spacious work desk and in-room safe boxes. Guests may enjoy a luxurious open atrium with a water feature. The hotels offer room service; dry cleaning; and complimentary, daily cooked-to-order breakfast and two-hour Nightly Manager's Reception. Guests are able to enjoy a casual meal in the full-service restaurant and lounge, or coffee and espresso in Caffeina's Internet Cafe. Other features include a fitness center, indoor pool, sundeck, and at some hotel locations therapeutic spa treatments at the full-service Spa Botanica, John Q. Hammons' signature spa. To make a reservation, call 1-800-EMBASSY, go online to www.embassysuites.com, or contact your travel agent.

About Embassy Suites Hotels; Hilton Hotels Corporation

Founded in 1984, Embassy Suites Hotels defines the upscale, all-suite segment and today has 198 hotels, with an additional 56 in the pipeline. With spacious two-room suites, engaging team members and an inviting atrium environment, guests are allowed to put their feet up and feel right at home. To learn more, visit www.embassysuites.com.

Hilton Hotels Corporation is the leading global hospitality company, with more than 3,000 hotels and 500,000 rooms in 74 countries and territories, including 135,000 team members worldwide. The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded brands, including Hilton([R]), Conrad([R]) Hotels & Resorts, Doubletree([R]), Embassy Suites Hotels([R]), Hampton Inn([R]), Hampton Inn & Suites([R]), Hilton Garden Inn([R]), Hilton Grand Vacations[TM], Homewood Suites by Hilton([R]) and The Waldorf=Astoria Collection[TM].

About John Q. Hammons Hotels & Resorts

Springfield, Mo.-based John Q. Hammons Hotels & Resorts is the nation's leading independent builder, developer, owner and manager of upscale, full-service hotels, resorts and suites, including: Embassy Suites Hotels, Renaissance, Marriott, Radisson, Residence Inn, Homewood Suites by Hilton, Holiday Inn and Courtyard by Marriott brands. With 81 hotels strategically located near demand generators, such as state capitals, universities, airports, corporate headquarters or office parks in secondary and tertiary markets, John Q. Hammons Hotels & Resorts' properties are dominant in their markets. Over the course of his impressive 51-year career in the hotel business, Mr. John Q. Hammons has developed 207 hotels. For more information about John Q. Hammons Hotels & Resorts, please visit the company's Web site at www.jqhhotels.com.

Spreading the gospel of grease: one woman. One car. A whole lot of vegetable oil.(I Tried It)

New York City isn't the ideal place for a car. In fact, it's probably one of the least friendly cities for things like, say, parking.

Mere details.

After moving back to NYC as a photouournalist, I needed transportation. Yet being one of those soulless people who add to the exhaust fumes and traffic snarls in the Big Apple was the last thing I wanted to do. Searching for another option, I'd started reading up on vegetable oil cars, or "greasecars," as they're commonly known, and decided it was that or nothing. Running a car on fuel made from garbage? Perfect!

The car had to have an original diesel engine, which meant the options were limited to mostly older Mercedes-Benz models, cars hard to find on the East Coast. There were also a spattering of diesel Volvos and Volkswagens that could run on veg, but they were more difficulr to find and in higher demand, since Benzes were notoriously more expensive to fix and needed costly European parts.

I hunted online for a few weeks. When I found a Volvo with a veg oil system already installed, I could barely contain my excitement.

Within days, I was in White Plains, N.Y., talking to a middle school science teacher named Rudy. He'd converted the diesel wagon with his son as a bonding experience. The result was a carefully installed vegetable oil fuel system from Greasecar.com. The well-organized teacher had kept the car in immaculate condition, and his installation appeared to be flawles. He'd even crafted a wooden trapdoor neatly covered by custom-cut beige carpet, to hide the veggie tank from view.

I fell in love at first sight.

Not many would. The car wasn't what you'd call a beauty, She was an old brownish-maroon station wagon, circa 1983. Her interior was a mustard beige hue resembling baby puke, and she didn't always start.

My introduction to the car began innocently enough. Rudy told me how to switch back and forth between running on diesel from the car's original tank and vegetable oil from the greasetank. He explained how ro flush the system after each use, to avoid getting any vegetable oil in the lines. He stressed the importance of letting the engine warm up, and then began to explain the car's nongrease-related quirks.

Her windshield wipers operated in random explosions that five certified Volvo mechanics couldn't explain. The trunk had no latch and was tied down via a tattered bungee cord. The driver's seat, covered by a fluffy white faux sheepskin cover, had a large chunk chunk chewed out of its side. The white Greasecar.com. decals that Rudy had plastered to the wagon's side and rear windows inevitably transformed other motorists into high-speed peanut galleries, yelling questions out their windows in passing.

OK, I thought. I could deal. I didn't mind spreading the grease gospel to nonbelievers, and if it rained I'd just drive at the speed of a strolling pedestrian.

I paid Rudy $1,200, thinking I'd gotten a deal. The Internet ordered veg kit alone was worth $600, and hey, it was already installed.

The next day, leafing through the car's records, I found a handwritten bill of sale, Rudy had purchased the wagon from a woman in Jersey for $300.

Despite my growing apprehension, my honeymoon with the wagon was sweet. We grew used to each other's quirks--me to her shitty brakes, and she to the occasional burrito accidentally dropped into the window controls on the center console. I fell head over heels for the fast-food smell of her.

I named the car Rosie, an intentionally optimistic move. I figured that adopting a brighter perspective on the car would only serve to placate the gods of Scandinavian motoring. A name like Rosie underscored the fact that in midday sunlight, her dull brown paint had tinges of maroon, which was almost rose-colored. Almost.

I managed to hook up with a Chinese restaurant on my block that would give me the old oil from their deep fryer, and I built a haphazard contraption to aid in pre-filtration--the most important part of running on veg--from an old newspaper rack, a bucket and a 5-micron filterbag that resembled an oversized tube sock. I'd pour the waste oil, replete with crusty bits of Chinese food, through the bag into the bucket, and then take the filtered oil and funnel it into my tank. Passersby on the sidewalk in front of my Brooklyn apartment thought I was nuts.

On all the vegetable oil message boards and email lists I'd joined, no one had stresses just how, um, sticky this process could be.

Within months, the wagon had evolved from a normal car to a vehicle whose trunk had absorbed gallons of grease. Rudy's carefully cut carpet was now coated with a layer of sticky grime. In my excited beginner's haste, I had spilled oil in just about every way possible, via a loose cubie cap, a wobbly funnel and overfilling. Once I'd even awakened to find stray cats licking the oil that had dripped down from the car's undercarriage onto the street.

After a little more time and practice, everything ran smooothly, albeit with a little gumminess here and there. I'd still spill occasionally, but figured out how to pour smaller quantities of the liquid gold, instead of trying to move it around by the bucketload.

Two years and one city later, I'm now onto my second greasecar, a 25-year-old beauty of a Benz named Esmerelda. It's been nine months, and our relationship has blossomed into full-fledged devotion. Once you've been converted to the gospel of grease, there's just no going back.

John Hancock Announces New Long Term Care Insurance Product Suite for California.

Custom Care II California and California Partnership Offer Appealing Benefits for Boomers

BOSTON, May 29 /PRNewswire-FirstCall/ -- John Hancock Life Insurance Company has introduced a new, competitively priced long term care insurance product suite for the individual market in California. Called Custom Care II California and Custom Care II California Partnership, both policies offer comprehensive, more affordable long term care (LTC) insurance coverage, a broader range of home care options, and valuable caregiving and care planning support for policyowners. Under the California Partnership plan, California policyholders can protect their assets -- equal to the dollar value of the benefits paid out of the policy -- before qualifying for Medi-Cal.

"With caregiver support and enhanced home and community-based coverage, our new California LTC insurance product suite addresses the concerns that Baby Boomers have about providing and receiving care," said Laura Moore, president, Long Term Care Insurance. "Best of all, we priced our new policies so that they are more affordable for Baby Boomers and others interested in LTC insurance coverage."

   Custom Care II California and California Partnership Highlights    -- Caregiver Support Services - These services include advice, resources      and discounts to policyholders and their uncovered family members -      addressing the fact that many Baby Boomers and even seniors will be      called to care for someone else before they need care themselves.   -- New Enhanced Home & Community-Based Care Rider - This optional rider      offers two benefits - a zero-day elimination period for home and      community-based or hospice care, as well as an additional stay at home      benefit that extends care coverage by paying for home modifications.   -- SharedCare Rider with the 10-year Benefit Period - This benefit allows      clients to use their partner's benefits once theirs are exhausted.   -- Built-in Return of Premium - The beneficiary will receive a benefit      equal to total premiums paid less any benefits paid, should the      policyholder die before age 65   -- The ability to convert to inflation at age 65 with no underwriting(1) -      Clients who opt for no inflation protection have a one-time option at      age 65 to add 5% simple or 5% compound inflation with no underwriting.   -- Pay by credit card on all modes - This capability offers convenience      for clients and allows them to earn extra miles and bonus points toward      their MasterCard or VISA programs. It is also available to clients on      Limited Pay plans.   -- Preferred underwriting with an additional benefit period - Expanded      guidelines allow clients to receive preferred underwriting (if they      qualify) on the lifetime benefit period.     

For more consumer information on the need for long term care and basics of LTC insurance coverage, John Hancock maintains a consumer website at: http://www.johnhancocklongtermcare.com/.

About John Hancock Long Term Care Insurance

Today, John Hancock, a unit of Manulife Financial Corporation, is one of the largest providers of LTC insurance overall with more than 1,000,000 clients and $1.4 billion of in-force premium.

Having entered the retail LTC insurance market in 1987, John Hancock is one of the largest carriers of individual coverage in the country. John Hancock began selling group LTC insurance in 1988 and today is the largest provider of employer-sponsored LTC insurance in the U.S.

About John Hancock and Manulife Financial

John Hancock is a wholly-owned subsidiary of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 (US$370 billion) as at March 31, 2007.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at http://www.manulife.com/.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long-term care insurance, college savings and other forms of business insurance.

Long Term Care Insurance is underwritten by John Hancock Life Insurance Company, Boston, MA 02117

(1) Not available with the Custom Care II California Partnership plan. Not available if any benefits have been payable during the two-year period prior to the date this offer is made.

CONTACT: Melissa Simon Berczuk of John Hancock Life Insurance Company, +1-617-663-4750, mgsimon@jhancock.com

Web site: http://www.jhancock.com/ http://www.johnhancocklongtermcare.com/ http://www.manulife.com/

Friday, February 24, 2012

GREENSPAN'S BEARISH WARNINGS TO WALL STREET WEREN'T JUST BULL.(BUSINESS)

Byline: CLAY CHANDLER Washington Post

WASHINGTON -- When Federal Reserve Chairman Alan Greenspan issued his now famous warning that ``irrational exuberance'' had driven U.S. stock prices to dangerously high levels, the bulls on Wall Street scoffed. Why, they demanded, should swings in the stock market have any effect on the economy?

But nearly two years later, with the Dow Jones industrial average wobbling at an altitude thousands of points higher, that question is prompting new debate.

A small but growing number of economists and market experts are beginning to worry about the danger of a ``wealth shock,'' in which a sudden drop in share prices spooks investors, prompting them to sharply rein in spending. Since personal consumption accounts for about two-thirds of the total economy, the theory goes, a pronounced souring of sentiment could drag down growth.

This notion is a departure from traditional thinking that large movements in share prices do not have a significant impact on consumer behavior. But proponents of the wealth shock scenario argue that there are a number of reasons to re-examine the old assumptions:

More Americans than ever now own stock. About one in four households own stocks directly, according to most recently available data from the Federal Reserve.

The value of Americans' stock holdings is larger than ever. In 1998, the value of stocks owned by U.S. households, either directly or through a company retirement program, topped $13 trillion, according to the Fed. That's up from only $4 billion since the end of the last recession in 1991. Stocks have not risen so much in so short an interval at any time since the Fed economists began collecting personal wealth data in the 1940s.

In 1998, the value of stocks held directly or indirectly by U.S. households was more than double that of their annual disposable income. In 1991, stockholdings amounted to only 0.8 percent of disposable income.

Recent advances in information technology -- including the Internet, cell phones, pagers and the advent of round-the-clock financial coverage on television -- have made it possible for even small investors to track minute fluctuations in the value of their stock holdings on almost a real-time basis.

Economists puzzling over the U.S. economy's robust expansion have debated how much these developments have contributed to a so-called ``wealth effect,'' in which American households tracking their expanding stock portfolios have felt freer to spend, and thus generate more economic growth.

Some analysts are beginning to worry that the reverse could be true. The wealth shock argument ``shouldn't be treated as a kooky an idea any more,'' says James Glassman, an economist Chase Securities Inc. in New York. ``When you look at all the euphoria we've had in the consumer sector lately, it doesn't take too much imagination to see how it could happen.''

The run up in the stock market in recent years has probably increased the wealth effect, said Nariman Behravish, chief international economist at Standard & Poors/DRI, an economic forecasting concern based in Lexington, Mass. The conventional view has long been that every $100 increase in the value of stocks held by households would generate about $3 in additional consumer spending. Behravish estimates the amount of new spending at about $10.

During the first half of this year, robust consumer spending helped to cushion the U.S. economy from the sharp drop in exports to slumping Asian economies. But Glassman is one of a number of Wall Street analysts who fear that a major downturn in the U.S. stock market could trigger an unexpectedly large decline in consumption in the remainder of the year.

One reason for his concern is that between January and June consumer spending rose at an annualized rate of 6 percent, even though household incomes rose at a rate of only 3 percent. The household savings rate during the period dropped to near zero.

The implication, says Glassman, is that the recent big gains in the value of consumers' stock portfolios have convinced Americans that they need worry less about putting money away for their retirement and can afford to spend more freely.

``Slowing income growth, the record low saving rate and a flagging stock market are setting the stage for a sustained moderation of consumer spending growth'' in the second half of the year, Chase analysts warned in a recent report to clients. Chase analysts estimate that, ``a 10 percent sustained decline in the stock market would be expected to lower real (economic) growth by about 0.5 percentage points over the course of the year.''

How long would a market downturn have to be sustained before it had an effect on spending? There was no noticeable drop in consumer spending in late 1987, despite the brief market crash in October.

Some experts contend a severe market decline now could reduce spending in a matter of weeks or months. Others argue that stock prices would have to remain at lower levels for at least a year.

Stan Shipley, senior economist at Merrill Lynch, expressed skepticism about the idea that a stock market stumble could trip the rest of the economy. ``Remember, stock prices have risen at an annual rate of 27 percent for last three years running,'' Shipley said. ``A 10 percent drop just offsets some of that increase, but it's not a big drain. We're still above last years' levels.''