Tuesday, March 12, 2013

Not just Big Gulps: NYC sugary drink ban hits coffee

Consumer advocate Ralph Nader once said: "If God hadn't meant for us to eat sugar, he wouldn't have invented dentists."

New York Mayor Michael Bloomberg doesn't share Ralph Nader's higher-power (if tongue-in-cheek) rationale for a sweet tooth, as residents of the city's five boroughs have learned. The sour taste from that lesson begins Tuesday.

That's when the ban on sales of sugar-laced drinks larger than 16 ounces ? a ban he championed for months and got approved by the city board of health ? goes into effect.

The regulation has drawn national attention and the wrath of many New Yorkers ? polls show up to 60 percent disapprove of the ban ? and of people who don't even live in the Big Apple.

Red from New York wrote on nytimes.com: "What is next, no neckties because they are a known choking hazard? No white shirts, they require toxic bleaching? No dry cleaning, it spreads dangerous solvents?"

Of course, there are those who say they support the ban, even in New York.

Cee from New York wrote at nytimes.com: "You are what you eat ... given the alarming percentage of Americans who are overweight and the impact that has on our healthcare system and cost, we should be happy that there are those out there trying to address the public health problem."

So which drinks will actually cause city consumers to suffer the sugar blues? What places will be forced to stop selling those super-sized Slurpees?

And does a tall-half-skinny-half-1-percent-extra-hot-split-quad shot (two shots decaf, two shots regular) latte with whip from Starbucks have to be pried from someone's lukewarm ? and likely sugar free ? dead hand? That all depends.

The ban hits sugary drinks like sodas that come in more than a 16-ounce container. Those super-sized, 32-ounce drinks and beyond will no longer be sold in most places.

The big sugar drink ban applies to restaurants, fast-food chains like McDonald's and Burger King, movie and stage theaters, delis and office cafeterias.

However, sugar lovers take note: There are some sweet spots still left open. Those are convenience stores, drug stores and supermarkets. They can keep selling any kind of sugary drink in the larger sizes.

So, while a delicatessen or a Dunkin Donuts can't sell a sugary drink larger than 16 ounces, a Duane Reade pharmacy down the street can sell a 20-ounce drink ... a 26-ounce ... a 32-ounce ... a 64-ounce ... or a 120-ounce, if they have it.

And anyone who buys a 16-ounce drink from a place that's banned from selling larger sizes will be allowed to refill their cup, depending on the place where they get it, and won't be forbidden from buying more than one drink.

Two key exceptions to the ban are diet sodas or fruit juices. Those can still be sold anywhere at any size. Also exempt from the ban are any alcoholic beverages.

Where the ban gets somewhat complicated is at coffee shops. Coffee drinks that are 16 ounces in size or smaller are unaffected.

But cups of java that are larger than 16 ounces can only be served if the barista adds no more than three to five packets of sugar to it. The number of packets depends on the size of the cup. The smaller the size the fewer packets can be put in.

Once a consumer has the drink in their own hands, however, they can go sweetly crazy and add as much sugar as they want.

Coffee lovers who need their sugar fix handed to them in large amounts might want to think about adding milk to their brew instead of having it black. That's because the ban does not apply to coffee concoctions that are more than 50 percent milk. The city considers milk a source of nutrition, even if it's drowned in sugar.

One other note, baristas can add as much of those sugar substitutes like Equal, Splenda and Sweet 'n Low to a cup, as they are not restricted by the new law for any size of coffee.

Sellers of the big drinks will have a three month grace period after Tuesday to get used to the law. But city officials have said they plan to start enforcing the ban immediately, and at least handing out warnings to violators. They could face up to $200 in fines after the grace period ends.

There's no fine for anyone buying the banned drinks, at least not yet.

Complaints about the ban have come from more than just potential customers. Makers and sellers of sodas and sweet drinks, including Coca-Cola and McDonald's, have attacked it as "misguided" and "arbitrary." A soft drink industry-sponsored group spent more than $1 million on a public-relations campaign in a losing cause against the ban.

The $61 billion a year soft drink industry has teamed up with various groups, including the National Association of Theatre Owners and the National Restaurant Association in a lawsuit against the ban, even after a local judge dismissed a legal challenge to the measure in January.

Bloomberg has billed the law as both a health and fiscal initiative to stop diabetes and obesity. New York City spends an estimated $4 billion each year on medical care for overweight people, Bloomberg has said.

And Bloomberg is no stranger to outlawing personal behaviors he didn't like, taking on salt and continuing his fight against cigarettes. He's pushed for food manufacturers to lower their products' salt content. In 2010, he announced that about 30 companies, like Kraft and Goya, had signed up to reduce salt in foods by 25 percent within five years, as a way of lowering consumers' blood pressure.

Last year, he signed a law making it illegal to smoke in the city's 1,700 parks and on the city's 14 miles of public beaches. Smoking is also prohibited in pedestrian plazas like Times Square.

Other cities have done the same about smoking. In states including California, Texas, Illinois, Minnesota, Utah and New Jersey, municipalities impose laws that prohibit city parks, or specifically named city parks, to allow smoking.

Whether other cities and states follow in New York's footsteps on a wide ranging sugar drink ban is uncertain. Most seem to be taking a wait-and-see attitude, though one other city moved in that direction even before the Big Apple.

Trying to decrease Boston's rising obesity rates, Mayor Thomas Menino issued an executive order in 2011 banning the sale and advertising of sugar-loaded drinks from city-owned buildings and city-sponsored events.

San Francisco and Los Angeles are among several cities that have also curtailed sugary drink sales on municipal property as well as banning sugary drinks and candy from public school vending machines since 2010.

More recently, several candidates for the Washington D.C. council have said they favor enacting a similar soda ban like New York's.

Americans consume on average more than 200 calories each day from sugary drinks ? four times what they consumed in 1965 and medical evidence indicates that the rising thirst for the so called "liquid candy" has been a major contributor to the obesity and diabetes epidemics.

But getting a consensus on whether a partial ban on sugary drinks is the right thing to do may be as difficult as ?agreeing on how much sugar people like in their coffee.

Related content:

Despite Obesity Rise, Calories Trending Downward

? 2013 CNBC LLC. All Rights Reserved

Source: http://www.nbcnews.com/business/new-york-city-sugary-drink-ban-wont-affect-just-big-1C8781253

420 secret service fenway park philadelphia flyers 4/20 student loan forgiveness ufc 145 weigh ins

Saturday, March 9, 2013

Report: Navistar's Shares Soar on CEO Switch | RV Business

Navistar International on Thursday (March 7) tapped insider and former General Motors exec Troy Clarke as the truck and engine maker?s next CEO, revealed plans to split its CEO and chairman roles and posted stronger-than-expected quarterly results.

Fox Business reported that Wall Street cheered the major moves, sending shares of the automotive company racing 27% higher in late afternoon trading.

Navistar said Clarke, the company?s COO since January 2010, will replace interim CEO Lewis Campbell on April 15.

?Today I am pleased to announce our turnaround is firmly underway and our return to profitability is clearly in sight,? Campbell said in a statement. ?Troy is the right executive to lead the company forward at this time, and I am confident Navistar will continue to build on its momentum.?

Billionaire activist investor Carl Icahn, who owns a stake in Navistar, also praised the selection of Clarke.

?We are behind Troy 100% in his efforts to build Navistar into a focused, competitive and profitable truck and engine manufacturer,? Icahn said in a statement.

While Clarke, 57, will remain Navistar?s president, the company?s board has decided to split up the CEO and chairman titles, selecting current director James Keyes to serve as non-executive chairman.

?I want to thank Lewis for his guidance and leadership during this period,? Clarke said. ?Working together, we have implemented a number of important actions to set Navistar on the right path, and the company now has a strong platform to build upon going forward.?

Clarke joined Navistar after a 35-year stint at GM, where he served as president of GM North America and president of the auto maker?s Mexican business.

Meanwhile, Navistar revealed a lighter-than-expected loss for the fiscal first quarter.

The company said it lost $123 million, or $1.53 a share, last quarter, compared with a loss of $153 million, or $2.19 a share, a year earlier. Analysts had called for a deeper loss of $1.76 a share.

Revenue slid 12% to $2.64 billion, trailing the Street?s view of $2.81 billion.

Source: http://www.rvbusiness.com/2013/03/report-navistar-shares-soar-on-ceo-change/

brandon weeden felicia day nfl 2012 draft st louis rams miami dolphins buffalo bills pittsburgh steelers

Thursday, March 7, 2013

Vatican-style secrecy wins out over US-style transparency as US conclave briefings nixed

VATICAN CITY - The Vatican's penchant for secrecy has won out over American-style transparency.

The U.S. cardinals in Rome for the conclave to elect the next pope cancelled their popular daily press briefings Wednesday after some details of the secret proceedings under way ahead of the election were purportedly leaked to Italian newspapers.

The Vatican denied it had exerted any pressure on the American cardinals to keep quiet. But the Vatican spokesman, the Rev. Federico Lombardi, made clear that the Holy See considered this week's pre-conclave meetings, in which cardinals are discussing the problems of the church, to be secret and part of a solemn process to choose a pope.

"The College (of Cardinals) as a whole has decided to maintain a line of an increasing degree of reserve," he said.

The spokeswoman for the U.S. cardinals, Sister Mary Ann Walsh, said Wednesday's briefing was cancelled after concern was expressed by other cardinals Wednesday morning "about leaks of confidential proceedings reported in Italian newspapers."

She said as a precaution, all interviews had been cancelled.

In an interview with The Associated Press, Walsh said Italy's La Stampa newspaper had on Monday and Tuesday reported details of comments individual cardinals made in the closed-door meetings that were cited as a violation of their oath of secrecy. That prompted the decision to observe a media blackout.

She dismissed speculation that the Vatican and cardinals from other countries simply didn't appreciate the openness of the Americans, saying: "I don't think anyone was angry at the Americans, they were angry at La Stampa."

"In true old-style Catholic school teacher fashion, someone talks and everybody stays after school," Walsh said. She added that the Americans had been assured that the Vatican was pleased with their briefings.

Italian newspapers and international media, including The Associated Press, have reported on the unique briefings the Americans were providing, and how they contrasted with the near-silence from other cardinals and the comparatively sedate Vatican briefings.

In a press conference Tuesday, Cardinal Daniel DiNardo of Texas and Sean O'Malley of Boston held a lively and informative 30-minute chat with some 100 reporters and two dozen television crews from around the globe.

They revealed no details of their closed-door discussions. But they nevertheless provided journalists with insight about the process from two people actually involved.

"We're trying to help people have a greater understanding of what the process is and the procedures and background information," O'Malley told reporters. "Right now that's about all we can share with you but we're happy to try to do it."

The Americans were the only cardinals who were holding daily briefings; other individual cardinals have given occasional interviews to individual media.

Separately Wednesday, the Vatican said only one voting-age cardinal remained absent, Vietnamese Cardinal Jean-Baptiste Pham Minh Man. Lombardi said he was expected Thursday, meaning a date for the start of the conclave could be decided then.

_____

Associated Press reporter Rachel Zoll contributed to this report.

_____

Follow Nicole Winfield at www.twitter.com/nwinfield

Source: http://news.yahoo.com/vatican-style-secrecy-wins-over-us-style-transparency-151426948.html

Dominique Dawes Gabby Olympic Gymnast Robyn Lawley Gore Vidal mlb trade rumors Misty May And Kerri Walsh Jake Dalton

Wednesday, March 6, 2013

Holder: Drone strikes in US only in 'extraordinary circumstance'

US Air Force via Reuters

A Predator drone is shown in an undated photo from the Air Force.

Michael Reynolds / EPA

U.S. Attorney General Eric Holder addresses the National Association of Attorneys General in Washington, D.C., on Feb. 26.

By Michael IsikoffNational Investigative Correspondent, NBC News

The Obama administration has "no intention" of carrying out drone strikes against suspected terrorists in the United States, but could use them in response to ?an extraordinary circumstance? such as the 9/11 terror attacks, according to a letter from Attorney General Eric Holder obtained by NBC News.

Sen. Rand Paul, R-Ky., who received the March 4 letter from Holder, called the attorney general?s refusal to rule out drone strikes in the U.S. ?more than frightening.??

The letter from Holder surfaced just as the Senate Intelligence Committee was voting 12-3 to approve White House counterterrorism adviser John Brennan to be CIA director. The vote came after the White House agreed to share additional classified memos on targeted drone strikes against U.S. citizens overseas.

Paul had threatened to hold up Brennan's confirmation on the floor of the Senate if the administration did not clarify whether targeted drone strikes could be used inside the U.S.


In his letter, Holder called the question of drone strikes inside the U.S. "entirely hypothetical, unlikely to occur and we hope no president will ever have to confront. ? As a policy matter, moreover, we reject the use of military force where well-established law enforcement authorities in this country provide the best means for incapacitating a terrorist threat."

But Holder then appeared to leave the door open to such strikes in extreme circumstances.

Read the full letter

"It is possible, I suppose, to imagine an extraordinary circumstance in which it would be necessary and appropriate under the Constitution and applicable laws of the United States for the president to authorize the military to use lethal force within the territory of the United States. For example, the president could? conceivably have no choice but to authorize the military to use such force if necessary to protect the homeland in the circumstances of a catastrophic attack like the ones suffered on Dec. 7, 1941 and Sept. 11, 2001."?

Source: http://openchannel.nbcnews.com/_news/2013/03/05/17197906-holder-no-drone-strikes-on-americans-in-us-except-in-extraordinary-circumstance?lite

miranda lambert prince jessica biel Lena Dunham elton john janelle monae MBTA

Chavez dies shortly after expelling US military attaches

Even as he lay dying, Venezuela President Hugo Chavez picked a fight with the US. El Universal of Caracas said "Chavez died" in a banner headline Tuesday.

A Google Translation of the paper said: "Hugo Chavez died after a long battle against cancer, a disease that was treated in Havana since mid-2011. The President had traveled to Cuba, in this final stage the December 8, 2012, two months after his fourth election, to be operated for the fourth time."

Venezuelan TV said Chavez died at 4:25 p.m.

The Associated Press reported the country had expelled two US military attach?s, claiming they met with military officers to destabilize the country. The Los Angeles Times and CBS reported he had died shortly after the expulsions.

?We completely reject the Venezuelan government?s claim that the United States is involved in any type of conspiracy to destabilize the Venezuelan government,? State Department spokesman Patrick Ventrell said in a statement.

Human Rights Watch said, ?Hugo Ch?vez?s presidency was characterized by a dramatic concentration of power and open disregard for basic human rights guarantees.?

El Trajajadores of the Communist Party in Havana commented: ?He died a good man. Let us raise a requiem for Chavez and then think what Jos? Mart? wrote one day: ?The tomb is the route, and not the end.??

Chavez, who returned from Cuba in February with no notice after being treated for cancer, has long been the face of leftist opposition to the US in South America, though his biggest fights were with former President George Bush.

The 58-year-old Chavez had not appeared in public since his return, and his inauguration to a fourth term as president was delayed. Little information had been released on his condition.

On Monday night, CNN reported Information Minister Ernesto Villegas saying on national television that the President was having problems breathing ?related to the state of his depressed immune system.?

According to Wikipedia, Chavez announced on June 30, 2011 that he was recovering from an operation ?to remove an abcessed tumor with cancerous cells. He required a second operation in December 2012.?.

Chavez was seen as a leader of a ?Pink Tide? of 12 leftist and socialist leaders elected in Latin America since 1998. In addition, his friendship with the Castros in Cuba was seen as a slap in the face to Washington.

Venezuela?s oil revenue made it possible for him to help Cuba after the collapse of the Russian empire. Havana will be watching events in Caracas closely.

Foreign Affairs said Chavez was so weak that he had to be ?sedated before takeoff, and the plane flew at a low altitude to avoid compromising his delicate health and an ongoing respiratory problem. Upon his return, he was taken to the military hospital in Caracas. When he was safely in his room, messages went out on his Twitter account, thanking Cuba, Fidel and Raul Castro, Ch?vez? and to the people of Venezuela, "We have arrived again to Venezuela. Thank God. Thanks to my beloved country. Here we will continue treatment."

The country?s constitution calls for a special election to elect a successor if Chavez dies

Latin America as a whole is in much better shape than in the past, and there is no need for the US to support dictators to stop the spread of Russian communism.

Reuters says the Institute of International Finance reports the region ?outpaced other emerging market regions as a magnet for foreign capital in 2011 and 2012??

BBC Chavez Obituary

Source: http://www.allvoices.com/contributed-news/14173309-as-chavez-lays-dying-venezuela-expels-us-military-attaches

ben and jerrys free cone day tornado in dallas texas the island president the maldives harper lee mega millions numbers the fray

Tuesday, March 5, 2013

'Free play' is vital to children's healthy development, says Boston College psychologist

'Free play' is vital to children's healthy development, says Boston College psychologist [ Back to EurekAlert! ] Public release date: 4-Mar-2013
[ | E-mail | Share Share ]

Contact: Rosanne Pellegrini
rosanne.pellegrini@bc.edu
Boston College

Free to learn, new book by Peter Gray

CHESTNUT HILL, MA (March 4, 2013) The importance of playcrucial for children's healthy psychological development and ability to thrive in lifeis woefully underestimated by parents and educators, according to Peter Gray, a Boston College developmental psychologist and author of the new book Free to Learn: Why Unleashing the Instinct to Play Will Make Our Children Happier, More Self-Reliant, and Better Students for Life (Basic Books, March 2013: www.FreeToLearnBook.com).

"Playing with other children, away from adults, is how children learn to make their own decisions, control their emotions and impulses, see from others' perspectives, negotiate differences with others, and make friends," says Gray, an expert on the evolution of play and its vital role in child development. "In short, play is how children learn to take control of their lives."

All children are born with an innate curiosity, playfulness, sociability and deep desire to learn, but at some point after they enter school, what was once fun and engaging begins to feel forced, he explains. And, anxiety and stress levels among youths are at an all-time high: they are bogged down with homework, over-scheduled with extracurricular activities, deprived of free play, and faced with the pressures of getting into a top college.

"How did we come to the conclusion that the best way to educate students is to force them into a setting where they are bored, unhappy and anxious?" Gray asks. "Our compulsory education system features forced lessons, standardized tests, and seems specially designed to crush a child's innate and biological drives for learning." The traditional "coercive" school model, he adds, was originally developed to indoctrinate, not to promote intellectual growth.

Free to Learn outlines the difference between structured play (Little League) and free play (a pickup game of baseball) and emphasizes the need for the latter in society worldwide.

Among reasons he outlines for the disappearance of free, unstructured play: a decline in families knowing their neighbors and a rise in parents' fearing dangers to children who are not under adult supervision, which Gray says comes partly from exaggerated media reports; increased time in school, at homework and in adult-directed activities outside of school; and most significantly, a rise in the societal attitude that childhood is a time for rsum building and that free play is wasted time.

He presents scientific evidence that self-directed learning and free play permit children to realize their optimum abilities to learn, grow, and develop naturally and positively. Gray also shows how the hunter-gatherer waywhere children spend their days in mixed-age groups, engaging in self-directed play and explorationleads to the development of socially, intellectually, and emotionally healthy adults.

His book offers the less examined path, according to its publisher, "and perhaps the key to repairing our broken education systemreturning joy, fun, and excitement to learning and education through the power of play and self-directed learning and exploration."

But schools, Gray notes, aren't only to blame for the decline in playdue to parental fears, outdoor play has declined significantly in recent decades. He cites a direct correlation between the decline of play and the rise in emotional and social disorders among young people, and outlines what parents and communities can do to promote and reinstitute play in children's lives.

"I present compelling evidence that over the past 50 yearsas children's opportunities for free play and exploration have declinedthere has been a dramatic rise in anxiety, depression, and suicide in young people, who have not had the opportunity that free play provides to find meaning and joy in life."

Free to Learnwhich suggests that it's time to stop asking what's wrong with our children, and start asking what's wrong with the systemhas earned acclaim from prominent psychologists, anthropologist and evolutionary biologists.

"Peter Gray is one of the world's experts on the evolution of childhood play, and applies his encyclopedic knowledge of psychology, and his humane voice, to the pressing issue of educational reform," according to Steven Pinker, Harvard College Professor of Psychology and author of How the Mind Works.

Boston College Professor Peter Gray

A professor of psychology at BC for more than 40 years, in 2002 Gray retired from his position as full professor and assumed that of research professor. He is the author of Psychology, a widely-used psychology textbook, has published numerous scholarly articles on the role of play in education, and writes a blog, "Freedom to Learn," for Psychology Today magazine.

Initially motivated by his son's struggles in a structured school environment, Gray altered his professional focus to study education from a biological perspective. He frequently speaks on play and education at national conferences and university colloquia.

###

Media contact to arrange an interview with BC Professor Peter Gray:

Dori Gelb, associate publicist
Basic Books (a member of the Perseus Books Group)
212-340-8136
dori.gelb@perseusbooks.com


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


'Free play' is vital to children's healthy development, says Boston College psychologist [ Back to EurekAlert! ] Public release date: 4-Mar-2013
[ | E-mail | Share Share ]

Contact: Rosanne Pellegrini
rosanne.pellegrini@bc.edu
Boston College

Free to learn, new book by Peter Gray

CHESTNUT HILL, MA (March 4, 2013) The importance of playcrucial for children's healthy psychological development and ability to thrive in lifeis woefully underestimated by parents and educators, according to Peter Gray, a Boston College developmental psychologist and author of the new book Free to Learn: Why Unleashing the Instinct to Play Will Make Our Children Happier, More Self-Reliant, and Better Students for Life (Basic Books, March 2013: www.FreeToLearnBook.com).

"Playing with other children, away from adults, is how children learn to make their own decisions, control their emotions and impulses, see from others' perspectives, negotiate differences with others, and make friends," says Gray, an expert on the evolution of play and its vital role in child development. "In short, play is how children learn to take control of their lives."

All children are born with an innate curiosity, playfulness, sociability and deep desire to learn, but at some point after they enter school, what was once fun and engaging begins to feel forced, he explains. And, anxiety and stress levels among youths are at an all-time high: they are bogged down with homework, over-scheduled with extracurricular activities, deprived of free play, and faced with the pressures of getting into a top college.

"How did we come to the conclusion that the best way to educate students is to force them into a setting where they are bored, unhappy and anxious?" Gray asks. "Our compulsory education system features forced lessons, standardized tests, and seems specially designed to crush a child's innate and biological drives for learning." The traditional "coercive" school model, he adds, was originally developed to indoctrinate, not to promote intellectual growth.

Free to Learn outlines the difference between structured play (Little League) and free play (a pickup game of baseball) and emphasizes the need for the latter in society worldwide.

Among reasons he outlines for the disappearance of free, unstructured play: a decline in families knowing their neighbors and a rise in parents' fearing dangers to children who are not under adult supervision, which Gray says comes partly from exaggerated media reports; increased time in school, at homework and in adult-directed activities outside of school; and most significantly, a rise in the societal attitude that childhood is a time for rsum building and that free play is wasted time.

He presents scientific evidence that self-directed learning and free play permit children to realize their optimum abilities to learn, grow, and develop naturally and positively. Gray also shows how the hunter-gatherer waywhere children spend their days in mixed-age groups, engaging in self-directed play and explorationleads to the development of socially, intellectually, and emotionally healthy adults.

His book offers the less examined path, according to its publisher, "and perhaps the key to repairing our broken education systemreturning joy, fun, and excitement to learning and education through the power of play and self-directed learning and exploration."

But schools, Gray notes, aren't only to blame for the decline in playdue to parental fears, outdoor play has declined significantly in recent decades. He cites a direct correlation between the decline of play and the rise in emotional and social disorders among young people, and outlines what parents and communities can do to promote and reinstitute play in children's lives.

"I present compelling evidence that over the past 50 yearsas children's opportunities for free play and exploration have declinedthere has been a dramatic rise in anxiety, depression, and suicide in young people, who have not had the opportunity that free play provides to find meaning and joy in life."

Free to Learnwhich suggests that it's time to stop asking what's wrong with our children, and start asking what's wrong with the systemhas earned acclaim from prominent psychologists, anthropologist and evolutionary biologists.

"Peter Gray is one of the world's experts on the evolution of childhood play, and applies his encyclopedic knowledge of psychology, and his humane voice, to the pressing issue of educational reform," according to Steven Pinker, Harvard College Professor of Psychology and author of How the Mind Works.

Boston College Professor Peter Gray

A professor of psychology at BC for more than 40 years, in 2002 Gray retired from his position as full professor and assumed that of research professor. He is the author of Psychology, a widely-used psychology textbook, has published numerous scholarly articles on the role of play in education, and writes a blog, "Freedom to Learn," for Psychology Today magazine.

Initially motivated by his son's struggles in a structured school environment, Gray altered his professional focus to study education from a biological perspective. He frequently speaks on play and education at national conferences and university colloquia.

###

Media contact to arrange an interview with BC Professor Peter Gray:

Dori Gelb, associate publicist
Basic Books (a member of the Perseus Books Group)
212-340-8136
dori.gelb@perseusbooks.com


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2013-03/bc-pi030413.php

madonna half time m.i.a super bowl coin toss best superbowl commercials madonna super bowl halftime kelly clarkson super bowl giants super bowl 2012

Saturday, March 2, 2013

Struggling Groupon ousts CEO Andrew Mason

FILE - In this Oct. 14, 2009 file photo, Andrew Mason, the CEO of Groupon, poses for a photo in Chicago. The struggling online deals company said Thursday, Feb. 28, 2013, after the market closed that it ousted Mason as CEO and will look for a new chief. (AP Photo/M. Spencer Greenm, File)

FILE - In this Oct. 14, 2009 file photo, Andrew Mason, the CEO of Groupon, poses for a photo in Chicago. The struggling online deals company said Thursday, Feb. 28, 2013, after the market closed that it ousted Mason as CEO and will look for a new chief. (AP Photo/M. Spencer Greenm, File)

(AP) ? Struggling online deals pioneer Groupon has fired its quirky founder and CEO, Andrew Mason, amid worries that people are tiring of the restaurant, spa and Botox deals that Groupon built its business on.

In a refreshingly candid memo to staff, Mason admitted he "failed at this part of the journey" and said Groupon's employees "deserve the outside world to give you a second chance. I'm getting in the way of that. A fresh CEO earns you that chance."

Groupon Inc.'s stock jumped more than 4 percent in extended trading following Thursday's announcement, which had been anticipated for months. Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis were appointed to the Office of the Chief Executive while a replacement is found.

Mason, known for an eccentric character that didn't fit the mold of a buttoned-down CEO, made no qualms about what had happened.

"I've decided that I'd like to spend more time with my family. Just kidding ? I was fired today," wrote Mason, 32. "If you're wondering why. you haven't been paying attention."

He referred to controversy over its accounting practices, "two quarters of missing our own expectations and a stock price that's hovering around one quarter of our listing price." The stock fell another 24 percent Thursday before the announcement and closed at $4.53, 77 percent below the $20 it started trading at when Groupon went public in November 2011.

"The events of the last year and a half speak for themselves," he wrote. "As CEO, I am accountable."

Mason, a Northwestern University graduate and former punk band keyboardist, founded Groupon in 2008, pioneering the daily deals business. The idea is that if enough people sign up for a discount ? for restaurant meals, manicures or weekend getaways ? offering the deals will be worthwhile for businesses, especially if customers bring friends or come back. Groupon makes money by taking a cut from those deals. By 2010, Groupon was available in 25 countries, and some people saw online deals as the next big thing in retailing.

But analysts have been questioning the long-term viability of such a business, not just at Groupon but also at the long list of copycats, which include LivingSocial, Google Offers and Amazon Local.

While the business is easy to set up, it is difficult to sustain and to stand out. Companies must make both their customers and the businesses that offer the deals happy. Many merchants have become reluctant to offer deals because of how little they were getting in payments and repeat business once the promotions ended. And to keep growing, companies need to make more from each subscriber, rather than simply add more addresses to email deals lists. Investors had been worried that instead of buying more, people were suffering from fatigue over the frequent emails.

LivingSocial, Groupon's closest competitor, laid off 9 percent of its workforce late last year. To diversify its business, Groupon has expanded into product sales, payments services and other areas, but there have been worries that those efforts haven't been paying off.

Groupon, which is based in Chicago, also has faced scrutiny about its high marketing expenses and enormous employee base. Its staff has ballooned to more than 11,000, more than that of other Internet darlings such as Twitter, Facebook or Zynga Inc., the other fallen star of the latest swath of Internet IPOs.

Groupon's IPO was one of the most highly anticipated ? and controversial ? among the social media and Internet companies that began publicly trading in the past year and a half. It faced regulatory scrutiny for reporting as revenue the total amount its customers spent on deals, not just the money it got to keep. After federal regulators questioned the practice, Groupon submitted new documents that showed that net revenue in the first half of 2011 was about half of what it originally reported.

Though it made a profit in the second quarter of last year ? its only profitable quarter as a public company ? investors have been more focused on its slowing revenue growth. In 2012, its first full year as a public company, Groupon's revenue increased 45 percent to $2.33 billion. But that's much slower than the five-fold growth in 2011 and 22-fold increase in 2010, compared with the previous years.

Thursday's announcement came one day after more disappointing news on revenue. The company said revenue in the current quarter would be in the range of $560 million to $610 million, below analyst expectations of $647 million.

Mason's ouster has been "fairly widely expected" given the company's performance, said Gartner analyst Michael Gartenberg. He was more surprised by the fact that "it took them this long."

"The question is whether this as a business model can last," Gartenberg said. "It's easy to replicate and under a lot of pressure. The question is where the company goes from here.... Clearly something wasn't working, isn't working."

Groupon said Mason was not available for interviews.

The company did not disclose details about any severance package he might have received, though it will be required to do so by next week. In a regulatory filing last year, Groupon said Mason is potentially entitled to $4,344.36 in total compensation if he is fired "without cause or for good reason." The bulk of that amount is for health coverage, as Mason voluntarily reduced his base salary to $756.72 in 2011, from $180,000.

Much of Mason's wealth comes from Groupon's stock. He owns 7 percent, or about 46 million shares, according to FactSet. Based on Thursday's closing price, that's worth more than $208 million.

Benchmark Capital analyst Daniel Kurnos said that with Mason's ouster, the board made the decision to try to "get the ship moving in the right direction."

"There was always a sense that Groupon had a lot of good ideas but no real focus," he said.

Can a new CEO answer all of Groupon's problems? Kurnos doesn't believe so. But he said a new CEO could perhaps get Groupon more focused and steer it toward more traditional businesses. For example, Groupon Goods, which sells products rather than restaurant or spa deals, has been performing well. With its deals, Groupon's challenge is to balance pleasing merchants who sell the deals with pleasing the customers who buy them, he added.

"A lot of people want to say that the daily deals business is a zero," he said. "I don't think that's true."

In a statement, Groupon's Leonsis said that the company "will continue to invest in growth, and we are confident that with our deep management team and market-leading position, the company is well positioned for the future."

Gartenberg called the way the announcement came out "refreshingly honest."

"There was no pretense that he is leaving to pursue other interests or spending more time with his family," he said.

Groupon's stock hasn't traded above $10 since last July and hit its lowest point, $2.60, in November. Until Wednesday's earnings report, the stock had been crawling back up, but the results disappointed investors who sent it tumbling once again.

After the announcement of Mason's ouster, the stock gained 19 cents to $4.72 in after-hours trading. The modest 4.2 percent gain, compared with the 24 percent drop earlier in the day, is a sign that investors will need more than the CEO's firing to start believing in Groupon again.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-02-28-Groupon-CEO/id-8960c73c8a254a96b1dc1c10051561b3

obscura grok cirque du freak paul pierce pope joan pope joan strikeforce tate vs rousey