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Over 110,000 people signed Microsoft's petition on the \u003ca href=\"http://www.thepetitionsite.com/997/086/864/tell-google-to-stop-going-through-your-email-to-sell-ads/\">Care2 petition site\u003c/a> to \"Tell Google to stop going through your email to sell ads.\" Microsoft originally set a goal of 25,000 names.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>But if Microsoft hoped its campaign would win it a greater share of the market for Internet search or webmail, it looks like a pretty big flop. Data from market research suggests that users of Google search and Gmail shrugged off the onslaught.\u003c/p>\n\u003cp>\"It's a little early to say, but it appears to be backfiring,\" said Jonathan Weber, an online advertising executive at \u003ca href=\"http://www.lunametrics.com/\" target=\"_blank\">LunaMetrics\u003c/a> digital marking firm in Pittsburgh.\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003cp>In the ads, still \u003ca href=\"http://www.scroogled.com/\">available online,\u003c/a> Microsoft makes two claims about its competitor. First, it charges that Google scans Gmail messages, looking for keywords it can use to serve up relevant advertising.\u003c/p>\n\u003cp>Here's an example of the first claim:\u003cbr>\n\u003ciframe src=\"http://hub.video.msn.com/embed/daf3e70b-2c71-4ba2-b792-f975eadbc2e0/?vars=bGlua292ZXJyaWRlMj1odHRwJTNBJTJGJTJGd3d3LmJpbmcuY29tJTJGdmlkZW9zJTNGbWt0JTNEZW4tdXMlMjZ2aWQlM0QlN0IwJTdEJTI2ZnJvbSUzRCZmcj1zaGFyZWVtYmVkLXN5bmRpY2F0aW9uJnN5bmRpY2F0aW9uPXRhZyZjb25maWdOYW1lPXN5bmRpY2F0aW9ucGxheWVyJmxpbmtiYWNrPWh0dHAlM0ElMkYlMkZ3d3cuYmluZy5jb20lMkZ2aWRlb3MmbWt0PWVuLXVzJmNvbmZpZ0NzaWQ9TVNOVmlkZW8%3D\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" width=\"480\" height=\"270\">\u003c/iframe>\u003c/p>\n\u003cp>Second, it says that the results of searches in Google Shopping are paid advertisements, as in this ad:\u003cbr>\n[youtube http://www.youtube.com/watch?v=-WIluNt0mvA]\u003c/p>\n\u003cp>The complaints aren't new. Microsoft put out a longer, more humorous Gmail Man advertisement a year ago:[youtube http://www.youtube.com/watch?v=yXqrTfOWx60]\u003c/p>\n\u003cp>(Asked for comments, a Google spokesperson provided a written statement pointing out that live human beings at the company don't scan everyone's emails. \"An automated algorithm--similar to that used for features like Priority Inbox or spam filtering--determines which ads are shown.\")\u003c/p>\n\u003cp>On one level, the Scroogled campaign is just another example of a company trashing a rival. \"Microsoft is in the position of the underdog and so the use of negative advertising is not surprising,\" said Weber.\u003c/p>\n\u003cp>What sets apart the Microsoft campaign is that--especially in the early weeks--it said almost nothing about its own products. In that way it differed sharply from Apple's famous \"\u003ca href=\"http://www.youtube.com/watch?v=ByCyqSROGf0&NR=1&feature=endscreen\">I'm a Mac\u003c/a>\" campaign that purported to offer a side-by-side comparison with Microsoft's Windows operating system.\u003c/p>\n\u003cp>In fact the Scroogled campaign was more reminiscent of political advertising. And \u003ca href=\"http://www.newrepublic.com/article/112421/microsofts-scroogle-ads-and-mark-penn\">some observers\u003c/a> said it was telling that Bill and Hillary Clinton's former pollster, Mark Penn, took a job at Microsoft before the campaign began.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\nUsing Google, said Microsoft's Stefan Weitz, \"is like smoking. It's hard to get folks to stop doing it.\"\u003cbr>\n\u003c/aside>\n\u003cp>Weitz said Penn had little to do with the effort. But he acknowledged that the campaign started with an opinion poll conducted by the Roper Center for Public Opinion Research. \"We found that seven out of 10 Americans don't know that this practice of scanning emails was happening, and when they found out they didn't like it,\" said Weitz.\u003c/p>\n\u003cp>Microsoft saw an opportunity to challenge what had become an almost unconscious habit. If you want to find something on the Internet, you Google it. \"People do it with muscle memory,\" said Weitz. \"They don't even give it a thought.\"\u003c/p>\n\u003cp>By raising the privacy and bias concerns, Microsoft wanted to introduce at least a moment of hesitation. \"They will hit that cognitive speed bump,\" he said.\u003c/p>\n\u003cp>But that strategy doesn't seem to have clicked with users.\u003c/p>\n\u003cp>The latest market share scores from \u003ca href=\"http://www.comscore.com/Insights/Press_Releases/2013/2/comScore_Releases_January_2013_U.S._Search_Engine_Rankings\" target=\"_blank\">comScore\u003c/a> show Google with a 67 percent share of Internet searches for January 2013, up 0.3% from its 66.7 percent share in December 2012. The gain erased its 0.3% loss from the \u003ca href=\"http://www.comscore.com/Insights/Press_Releases/2013/1/comScore_Releases_December_2012_U.S._Search_Engine_Rankings\" target=\"_blank\">month before\u003c/a>.\u003c/p>\n\u003cp>Microsoft sites registered a 0.3% gain from November to January to reach a 16.5% share, but that increase appeared to come at the expense of also-rans like Ask and the struggling Yahoo!.\u003c/p>\n\u003cp>\u003ca href=\"http://www.email-marketing-reports.com/metrics/email-statistics.htm\">Email market share\u003c/a> is harder to measure because people read their email on a variety of different software on different devices and sometimes read the same message multiple times. Also Microsoft launched Outlook.com, an upgrade and rebranding of its hotmail.com web-based email program during the Scroogle campaign, further muddying the metrics.\u003c/p>\n\u003cp>But even Weitz isn't claiming that Microsoft has unseated Gmail's position at or near the top of the heap among email services Americans like to use. \"It's a habit,\" said Weitz. \"It's like smoking. It's hard to get folks to stop doing it.\"\u003c/p>\n\u003cp>Not only that, the ads just didn't resonate, said Weber of LunaMetrics. \"This sort of talk about privacy rings false and obscures the real issues,\" he said.\u003c/p>\n\u003cp>Users do care about privacy. But they are apparently sophisticated enough to know there isn't a human Gmail Man snooping on them, and they are willing to let a machine scan their emails and show them ads in exchange for a free service. \"By and large, people said, 'Eh, I don't care about this,'\" said Weber.\u003c/p>\n\u003cp>And from a privacy standpoint, the distinction Microsoft made was trivial, said Seth Schoen, a senior staff technologist for the San Francisco-based Electronic Frontier Foundation. \"What Microsoft was emphasizing is that they are not using users' data in the same way, in particular to target advertising,\" he said. \"As far as I know that's true. But it doesn't mean that they couldn't do that.\"\u003c/p>\n\u003cp>Both companies collect data on what terms users plug into their search engines and use that information to target ads, he said. The practice of looking at emails to target ads is only slightly removed from that.\u003c/p>\n\u003cp>If they really wanted to get serious about privacy, Schoen said, Google and Microsoft would offer encrypted email programs that would be much harder for anyone to scan and analyze, including hackers, and they would create these technologies in ways that the security could be audited by third parties.\u003c/p>\n\u003cp>So far neither company seems interested in such a venture. \"Against that backdrop there's not much difference between the two,\" said Schoen.\u003c/p>\n\u003cp>Microsoft's complaint about Google Shopping results has a little more validity, Weber and Schoen agreed.\u003c/p>\n\u003cp>Users don't expect search results to be influenced by what advertisers pay, especially since the earlier version of Google Shopping, Froogle, didn't organize results that way, said Schoen.\u003c/p>\n\u003cp>But Google isn't hiding the practice--its acknowledged on the Google Shopping page. And Weber says the Scroogle ads felt heavy-handed. \"There is a legitimate difference to be exploited there. But Microsoft should adjust the tone, talk about why their product is great.\"\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>Which brings us to the best advice Weber has to offer Microsoft. \"What they really have to focus on is having a better product.\"\u003c/p>\n\n",
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"description": "Microsoft spokespeople are still warning anyone who will listen that Google is readings its users email and delivering biased results in Google Shopping. But it has stopped running the controversial Scroogled ads on television, in newspapers, and social media. "That part is about finished," Stefan Weitz, Microsoft senior director of online services, told me on Thursday.",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Can nothing stop Google?\u003c/p>\n\u003cp>On Thanksgiving, Microsoft launched attack ads against the Internet giant that were so ferocious they made headlines in advertising and technology publications alike.\u003c/p>\n\u003cp>Microsoft spokespeople are still warning anyone who will listen that Google is reading its users' email and delivering biased results in Google Shopping. But it has stopped buying the controversial Scroogled ads on television, in newspapers, and social media.\u003c/p>\n\u003cp>\"That part is about finished,\" Stefan Weitz, Microsoft senior director of online services, said on Thursday.\u003c/p>\n\u003cp>By one measure, the ads succeeded. Over 110,000 people signed Microsoft's petition on the \u003ca href=\"http://www.thepetitionsite.com/997/086/864/tell-google-to-stop-going-through-your-email-to-sell-ads/\">Care2 petition site\u003c/a> to \"Tell Google to stop going through your email to sell ads.\" Microsoft originally set a goal of 25,000 names.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But if Microsoft hoped its campaign would win it a greater share of the market for Internet search or webmail, it looks like a pretty big flop. Data from market research suggests that users of Google search and Gmail shrugged off the onslaught.\u003c/p>\n\u003cp>\"It's a little early to say, but it appears to be backfiring,\" said Jonathan Weber, an online advertising executive at \u003ca href=\"http://www.lunametrics.com/\" target=\"_blank\">LunaMetrics\u003c/a> digital marking firm in Pittsburgh.\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003cp>In the ads, still \u003ca href=\"http://www.scroogled.com/\">available online,\u003c/a> Microsoft makes two claims about its competitor. First, it charges that Google scans Gmail messages, looking for keywords it can use to serve up relevant advertising.\u003c/p>\n\u003cp>Here's an example of the first claim:\u003cbr>\n\u003ciframe src=\"http://hub.video.msn.com/embed/daf3e70b-2c71-4ba2-b792-f975eadbc2e0/?vars=bGlua292ZXJyaWRlMj1odHRwJTNBJTJGJTJGd3d3LmJpbmcuY29tJTJGdmlkZW9zJTNGbWt0JTNEZW4tdXMlMjZ2aWQlM0QlN0IwJTdEJTI2ZnJvbSUzRCZmcj1zaGFyZWVtYmVkLXN5bmRpY2F0aW9uJnN5bmRpY2F0aW9uPXRhZyZjb25maWdOYW1lPXN5bmRpY2F0aW9ucGxheWVyJmxpbmtiYWNrPWh0dHAlM0ElMkYlMkZ3d3cuYmluZy5jb20lMkZ2aWRlb3MmbWt0PWVuLXVzJmNvbmZpZ0NzaWQ9TVNOVmlkZW8%3D\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" width=\"480\" height=\"270\">\u003c/iframe>\u003c/p>\n\u003cp>Second, it says that the results of searches in Google Shopping are paid advertisements, as in this ad:\u003cbr>\n\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/-WIluNt0mvA'\n title='//www.youtube.com/embed/-WIluNt0mvA'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/p>\n\u003cp>The complaints aren't new. Microsoft put out a longer, more humorous Gmail Man advertisement a year ago:\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/yXqrTfOWx60'\n title='//www.youtube.com/embed/yXqrTfOWx60'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/p>\n\u003cp>(Asked for comments, a Google spokesperson provided a written statement pointing out that live human beings at the company don't scan everyone's emails. \"An automated algorithm--similar to that used for features like Priority Inbox or spam filtering--determines which ads are shown.\")\u003c/p>\n\u003cp>On one level, the Scroogled campaign is just another example of a company trashing a rival. \"Microsoft is in the position of the underdog and so the use of negative advertising is not surprising,\" said Weber.\u003c/p>\n\u003cp>What sets apart the Microsoft campaign is that--especially in the early weeks--it said almost nothing about its own products. In that way it differed sharply from Apple's famous \"\u003ca href=\"http://www.youtube.com/watch?v=ByCyqSROGf0&NR=1&feature=endscreen\">I'm a Mac\u003c/a>\" campaign that purported to offer a side-by-side comparison with Microsoft's Windows operating system.\u003c/p>\n\u003cp>In fact the Scroogled campaign was more reminiscent of political advertising. And \u003ca href=\"http://www.newrepublic.com/article/112421/microsofts-scroogle-ads-and-mark-penn\">some observers\u003c/a> said it was telling that Bill and Hillary Clinton's former pollster, Mark Penn, took a job at Microsoft before the campaign began.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\nUsing Google, said Microsoft's Stefan Weitz, \"is like smoking. It's hard to get folks to stop doing it.\"\u003cbr>\n\u003c/aside>\n\u003cp>Weitz said Penn had little to do with the effort. But he acknowledged that the campaign started with an opinion poll conducted by the Roper Center for Public Opinion Research. \"We found that seven out of 10 Americans don't know that this practice of scanning emails was happening, and when they found out they didn't like it,\" said Weitz.\u003c/p>\n\u003cp>Microsoft saw an opportunity to challenge what had become an almost unconscious habit. If you want to find something on the Internet, you Google it. \"People do it with muscle memory,\" said Weitz. \"They don't even give it a thought.\"\u003c/p>\n\u003cp>By raising the privacy and bias concerns, Microsoft wanted to introduce at least a moment of hesitation. \"They will hit that cognitive speed bump,\" he said.\u003c/p>\n\u003cp>But that strategy doesn't seem to have clicked with users.\u003c/p>\n\u003cp>The latest market share scores from \u003ca href=\"http://www.comscore.com/Insights/Press_Releases/2013/2/comScore_Releases_January_2013_U.S._Search_Engine_Rankings\" target=\"_blank\">comScore\u003c/a> show Google with a 67 percent share of Internet searches for January 2013, up 0.3% from its 66.7 percent share in December 2012. The gain erased its 0.3% loss from the \u003ca href=\"http://www.comscore.com/Insights/Press_Releases/2013/1/comScore_Releases_December_2012_U.S._Search_Engine_Rankings\" target=\"_blank\">month before\u003c/a>.\u003c/p>\n\u003cp>Microsoft sites registered a 0.3% gain from November to January to reach a 16.5% share, but that increase appeared to come at the expense of also-rans like Ask and the struggling Yahoo!.\u003c/p>\n\u003cp>\u003ca href=\"http://www.email-marketing-reports.com/metrics/email-statistics.htm\">Email market share\u003c/a> is harder to measure because people read their email on a variety of different software on different devices and sometimes read the same message multiple times. Also Microsoft launched Outlook.com, an upgrade and rebranding of its hotmail.com web-based email program during the Scroogle campaign, further muddying the metrics.\u003c/p>\n\u003cp>But even Weitz isn't claiming that Microsoft has unseated Gmail's position at or near the top of the heap among email services Americans like to use. \"It's a habit,\" said Weitz. \"It's like smoking. It's hard to get folks to stop doing it.\"\u003c/p>\n\u003cp>Not only that, the ads just didn't resonate, said Weber of LunaMetrics. \"This sort of talk about privacy rings false and obscures the real issues,\" he said.\u003c/p>\n\u003cp>Users do care about privacy. But they are apparently sophisticated enough to know there isn't a human Gmail Man snooping on them, and they are willing to let a machine scan their emails and show them ads in exchange for a free service. \"By and large, people said, 'Eh, I don't care about this,'\" said Weber.\u003c/p>\n\u003cp>And from a privacy standpoint, the distinction Microsoft made was trivial, said Seth Schoen, a senior staff technologist for the San Francisco-based Electronic Frontier Foundation. \"What Microsoft was emphasizing is that they are not using users' data in the same way, in particular to target advertising,\" he said. \"As far as I know that's true. But it doesn't mean that they couldn't do that.\"\u003c/p>\n\u003cp>Both companies collect data on what terms users plug into their search engines and use that information to target ads, he said. The practice of looking at emails to target ads is only slightly removed from that.\u003c/p>\n\u003cp>If they really wanted to get serious about privacy, Schoen said, Google and Microsoft would offer encrypted email programs that would be much harder for anyone to scan and analyze, including hackers, and they would create these technologies in ways that the security could be audited by third parties.\u003c/p>\n\u003cp>So far neither company seems interested in such a venture. \"Against that backdrop there's not much difference between the two,\" said Schoen.\u003c/p>\n\u003cp>Microsoft's complaint about Google Shopping results has a little more validity, Weber and Schoen agreed.\u003c/p>\n\u003cp>Users don't expect search results to be influenced by what advertisers pay, especially since the earlier version of Google Shopping, Froogle, didn't organize results that way, said Schoen.\u003c/p>\n\u003cp>But Google isn't hiding the practice--its acknowledged on the Google Shopping page. And Weber says the Scroogle ads felt heavy-handed. \"There is a legitimate difference to be exploited there. But Microsoft should adjust the tone, talk about why their product is great.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Which brings us to the best advice Weber has to offer Microsoft. \"What they really have to focus on is having a better product.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Mortgage Fraud in California a Game of Whac-A-Mole for Law Enforcement",
"title": "Mortgage Fraud in California a Game of Whac-A-Mole for Law Enforcement",
"headTitle": "News Fix | KQED News",
"content": "\u003cfigure id=\"attachment_90271\" class=\"wp-caption alignright\" style=\"max-width: 266px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/27/mortage-fraud-in-california-a-game-of-whac-a-mole-for-law-enforcement/mortgagefraud2/\" rel=\"attachment wp-att-90271\">\u003cimg class=\" wp-image-90271 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/MortgageFraud2-295x300.jpg\" alt=\"We're #1! We're #1! But only in this particular type of mortgage fraud. So we got that going for us. (Credit: CoreLogic)\" width=\"266\" height=\"270\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">California is No. 1 in one type of mortgage fraud. (Credit: CoreLogic)\u003c/figcaption>\u003c/figure>\n\u003cp>There's a daisy chain of people and firms involved in any real estate deal -- and each link provides an opportunity for someone to lie for profit. It's called mortgage fraud, and while you might be inclined to pin Big Blame on Big Banks, plenty of individuals are scamming the system, too.\u003c/p>\n\u003cp>Ed Gerding, Senior Fraud & Risk Consultant for \u003ca href=\"http://www.corelogic.com\">CoreLogic\u003c/a> in Irvine, knows a fair bit about it. He hosts a monthly mortgage fraud roundtable via telephone for everyone from loan officers to law enforcement professionals about what scams are hot and where. I talked to him recently for \u003ca href=\"http://www.californiareport.org/archive/R201302270850/b\">The California Report\u003c/a>.\u003c/p>\n\u003cp>You don't have all day or I'd provide a \u003ca href=\"http://www.corelogic.com/research/2012-mortgage-fraud-trends-report.pdf\">comprehensive report.\u003c/a> Here are some fascinating highlights instead:\u003c/p>\n\u003cp>\u003cstrong>Origination Fraud:\u003c/strong> One of the most common scams. The would-be borrower lies on the loan application – or the broker does it for her. It could be a lie of commission or omission about your income, assets and liabilities. A popular variation focuses on employment: whether you’re employed, who your employer is, and how much money you make. Or you could lie about all of those things. You’d think confirming such basic details would be easy enough for banks to catch, but CoreLogic estimates this kind of scam skims about \u003ca href=\"http://www.corelogic.com/research/2012-mortgage-fraud-trends-report.pdf\">$13 billion dollars\u003c/a> from banks a year nationwide.\u003c!--more-->\u003c/p>\n\u003cp>When you think about it, the primary incentive to overstate one’s assets and income when purchasing a home would be to buy more house than one can truly afford. That takes a little bit of moxie, but you don't have to do the legwork if you get in on a conspiracy operated by a mortgage industry professional.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“It may often involve multiple loans and elaborate schemes by a group of people who play multiple roles in the transactions,” Gerding says. If someone else has already set up a conspiracy, all you have to do is join in to get your cut. It's true that sometimes an alert bank employee catches the same names popping up on \"funny\" loan applications, but he'd have to have a strong intuition to go beyond a perfunctory inquiry.\u003c/p>\n\u003cp>For example, let's imagine that you and your real estate broker are in cahoots. Your loan application might feature an “employer” phone number that leads back to somebody on the broker’s take. “Rachael? Oh yes, she’s been here X years, making Y salary. Lovely gal. So reliable.”\u003c/p>\n\u003cp>\u003cstrong>Identity fraud: \u003c/strong>This is really an umbrella term that can apply to any situation where somebody else pretends to be you. Perhaps a con artist with a prior felony gives your social security number to a prospective employer, for instance. In the real estate world, the con artist might apply for a home with your name and financial particulars. Who knows? Right now, I may be the owner of a home in Miami I have no idea about… (This is yet another reason why it's important to \u003ca href=\"https://www.annualcreditreport.com/cra/index.jsp\">check your credit\u003c/a> reports on an annual basis.)\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>Suspicious Short Sales:\u003c/strong> \u003c/strong>Gerding says these scams are particularly hot right now. In a short sale, a bank agrees to sell a house for less than the paper value of the mortgage. It's a boon to a hard up homeowner - or someone pretending to be hard up who wants to stop paying for a house he's underwater on.\u003c/p>\n\u003cp>\u003cstrong>Flopping: \u003c/strong>In one widely publicized case, a homeowner spread \u003ca href=\"http://www.huffingtonpost.com/2012/10/23/latest-in-mortgage-fraud_n_2004848.html\">possum urine\u003c/a> around the house, turned up the heat and closed all the windows for a few days. Why? The seller wanted to convince a bank’s appraiser the house wasn’t worth as much as it actually was ahead of a short sale. The bank is already accepting a write-down of the property's value, but the fake evidence drops the price tag even lower.\u003c/p>\n\u003cp>The impression of reduced value can be gained with less aromatic strategies than urine, like ripping out ceiling fans or air conditioning. Think of it as “reverse staging.” The seller unloads the home for the discounted price to an accomplice, who can then clean it up and flip it for a quick gain. The real estate agent is typically in on this conspiracy, too. Average take: $55,000.\u003c/p>\n\u003cp>You may notice that this list highlights scams that victimize banks. That isn’t to say there aren’t frauds that victimize buyers -- or distressed homeowners. The most common scam involves fooling people into \u003ca href=\"http://nationalmortgageprofessional.com/news33975/california-attorney-general-shuts-down-online-mortgage-fraud-scam\">purchasing fake refinance relief\u003c/a>, and you do see a fair number of legal cases brought against this type of operator. Still, at $1,500 or $2,500 a pop, the aggregate value of the fraud isn’t going to be that big.\u003c/p>\n\u003cp>Given that law enforcement resources are finite, Gerding explains the \u003ca href=\"http://www.fbi.gov/about-us/investigate/white_collar/mortgage-fraud/mortgage_fraud\">FBI\u003c/a> and the IRS are likely to focus on fraud that clocks in above $1 million. Those tend to target banks.\u003c/p>\n\u003cp>U.S. attorney's offices throughout the country run mortgage fraud task forces, and \u003ca href=\"http://oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-announces-creation-mortgage-fraud-strike-force\">California\u003c/a> is no exception. The Eastern District, which covers a huge swath of territory including Sacramento, boasted on one recent press release: “Last year we indicted more mortgage fraud defendants than any other U.S. Attorney’s Office in the country, and we are not done yet.”\u003c/p>\n\u003cp>Some say mortgage fraud really peaked in 2011, and the cases we’re seeing in the courts now provide a rear view look at the worst.\u003c/p>\n\u003cfigure id=\"attachment_90173\" class=\"wp-caption alignleft\" style=\"max-width: 150px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/27/mortage-fraud-in-california-a-game-of-whac-a-mole-for-law-enforcement/gerding_ed1/\" rel=\"attachment wp-att-90173\">\u003cimg class=\"size-thumbnail wp-image-90173 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Gerding_Ed1-150x150.jpg\" alt=\"Ed Gerding. (Credit: CoreLogic)\" width=\"150\" height=\"150\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Ed Gerding. (Credit: CoreLogic)\u003c/figcaption>\u003c/figure>\n\u003cp>Gerding doesn’t see it that way. Fraud “peaks and then it troughs,” he says. Mortgage fraud may have dropped some compared to 2005-2008, but did we mention origination fraud alone is estimated to cost banks about $13 billion annually? What changes over the years is the form of fraud that's used the most, and Gerding says it follows the path of least resistance.\u003c/p>\n\u003cp>Whereas origination frauds have been popular, scam artists are now breeding amidst the flurry of foreclosure activity.\u003c/p>\n\u003cp>The volume of foreclosures is not expected to last forever, but you can imagine that after that dust clears, there will be new ways found to skim a few grand off the top -- or bottom -- of a real estate deal.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003cem>See something? Say something. The FBI is taking \u003ca href=\"https://tips.fbi.gov/\">tips\u003c/a>. As is the \u003ca href=\"http://www.irs.gov/Individuals/How-Do-You-Report-Suspected-Tax-Fraud-Activity%3F\">IRS\u003c/a>, and the California \u003ca href=\"http://oag.ca.gov/consumers\">Attorney General’s office\u003c/a>.\u003cbr>\n\u003c/em>\u003c/p>\n\n",
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"excerpt": "In one widely publicized case, the owner spread possum urine around the house, turned up the heat and closed all the windows for a few days. Why? ",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_90271\" class=\"wp-caption alignright\" style=\"max-width: 266px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/27/mortage-fraud-in-california-a-game-of-whac-a-mole-for-law-enforcement/mortgagefraud2/\" rel=\"attachment wp-att-90271\">\u003cimg class=\" wp-image-90271 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/MortgageFraud2-295x300.jpg\" alt=\"We're #1! We're #1! But only in this particular type of mortgage fraud. So we got that going for us. (Credit: CoreLogic)\" width=\"266\" height=\"270\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">California is No. 1 in one type of mortgage fraud. (Credit: CoreLogic)\u003c/figcaption>\u003c/figure>\n\u003cp>There's a daisy chain of people and firms involved in any real estate deal -- and each link provides an opportunity for someone to lie for profit. It's called mortgage fraud, and while you might be inclined to pin Big Blame on Big Banks, plenty of individuals are scamming the system, too.\u003c/p>\n\u003cp>Ed Gerding, Senior Fraud & Risk Consultant for \u003ca href=\"http://www.corelogic.com\">CoreLogic\u003c/a> in Irvine, knows a fair bit about it. He hosts a monthly mortgage fraud roundtable via telephone for everyone from loan officers to law enforcement professionals about what scams are hot and where. I talked to him recently for \u003ca href=\"http://www.californiareport.org/archive/R201302270850/b\">The California Report\u003c/a>.\u003c/p>\n\u003cp>You don't have all day or I'd provide a \u003ca href=\"http://www.corelogic.com/research/2012-mortgage-fraud-trends-report.pdf\">comprehensive report.\u003c/a> Here are some fascinating highlights instead:\u003c/p>\n\u003cp>\u003cstrong>Origination Fraud:\u003c/strong> One of the most common scams. The would-be borrower lies on the loan application – or the broker does it for her. It could be a lie of commission or omission about your income, assets and liabilities. A popular variation focuses on employment: whether you’re employed, who your employer is, and how much money you make. Or you could lie about all of those things. You’d think confirming such basic details would be easy enough for banks to catch, but CoreLogic estimates this kind of scam skims about \u003ca href=\"http://www.corelogic.com/research/2012-mortgage-fraud-trends-report.pdf\">$13 billion dollars\u003c/a> from banks a year nationwide.\u003c!--more-->\u003c/p>\n\u003cp>When you think about it, the primary incentive to overstate one’s assets and income when purchasing a home would be to buy more house than one can truly afford. That takes a little bit of moxie, but you don't have to do the legwork if you get in on a conspiracy operated by a mortgage industry professional.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“It may often involve multiple loans and elaborate schemes by a group of people who play multiple roles in the transactions,” Gerding says. If someone else has already set up a conspiracy, all you have to do is join in to get your cut. It's true that sometimes an alert bank employee catches the same names popping up on \"funny\" loan applications, but he'd have to have a strong intuition to go beyond a perfunctory inquiry.\u003c/p>\n\u003cp>For example, let's imagine that you and your real estate broker are in cahoots. Your loan application might feature an “employer” phone number that leads back to somebody on the broker’s take. “Rachael? Oh yes, she’s been here X years, making Y salary. Lovely gal. So reliable.”\u003c/p>\n\u003cp>\u003cstrong>Identity fraud: \u003c/strong>This is really an umbrella term that can apply to any situation where somebody else pretends to be you. Perhaps a con artist with a prior felony gives your social security number to a prospective employer, for instance. In the real estate world, the con artist might apply for a home with your name and financial particulars. Who knows? Right now, I may be the owner of a home in Miami I have no idea about… (This is yet another reason why it's important to \u003ca href=\"https://www.annualcreditreport.com/cra/index.jsp\">check your credit\u003c/a> reports on an annual basis.)\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>Suspicious Short Sales:\u003c/strong> \u003c/strong>Gerding says these scams are particularly hot right now. In a short sale, a bank agrees to sell a house for less than the paper value of the mortgage. It's a boon to a hard up homeowner - or someone pretending to be hard up who wants to stop paying for a house he's underwater on.\u003c/p>\n\u003cp>\u003cstrong>Flopping: \u003c/strong>In one widely publicized case, a homeowner spread \u003ca href=\"http://www.huffingtonpost.com/2012/10/23/latest-in-mortgage-fraud_n_2004848.html\">possum urine\u003c/a> around the house, turned up the heat and closed all the windows for a few days. Why? The seller wanted to convince a bank’s appraiser the house wasn’t worth as much as it actually was ahead of a short sale. The bank is already accepting a write-down of the property's value, but the fake evidence drops the price tag even lower.\u003c/p>\n\u003cp>The impression of reduced value can be gained with less aromatic strategies than urine, like ripping out ceiling fans or air conditioning. Think of it as “reverse staging.” The seller unloads the home for the discounted price to an accomplice, who can then clean it up and flip it for a quick gain. The real estate agent is typically in on this conspiracy, too. Average take: $55,000.\u003c/p>\n\u003cp>You may notice that this list highlights scams that victimize banks. That isn’t to say there aren’t frauds that victimize buyers -- or distressed homeowners. The most common scam involves fooling people into \u003ca href=\"http://nationalmortgageprofessional.com/news33975/california-attorney-general-shuts-down-online-mortgage-fraud-scam\">purchasing fake refinance relief\u003c/a>, and you do see a fair number of legal cases brought against this type of operator. Still, at $1,500 or $2,500 a pop, the aggregate value of the fraud isn’t going to be that big.\u003c/p>\n\u003cp>Given that law enforcement resources are finite, Gerding explains the \u003ca href=\"http://www.fbi.gov/about-us/investigate/white_collar/mortgage-fraud/mortgage_fraud\">FBI\u003c/a> and the IRS are likely to focus on fraud that clocks in above $1 million. Those tend to target banks.\u003c/p>\n\u003cp>U.S. attorney's offices throughout the country run mortgage fraud task forces, and \u003ca href=\"http://oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-announces-creation-mortgage-fraud-strike-force\">California\u003c/a> is no exception. The Eastern District, which covers a huge swath of territory including Sacramento, boasted on one recent press release: “Last year we indicted more mortgage fraud defendants than any other U.S. Attorney’s Office in the country, and we are not done yet.”\u003c/p>\n\u003cp>Some say mortgage fraud really peaked in 2011, and the cases we’re seeing in the courts now provide a rear view look at the worst.\u003c/p>\n\u003cfigure id=\"attachment_90173\" class=\"wp-caption alignleft\" style=\"max-width: 150px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/27/mortage-fraud-in-california-a-game-of-whac-a-mole-for-law-enforcement/gerding_ed1/\" rel=\"attachment wp-att-90173\">\u003cimg class=\"size-thumbnail wp-image-90173 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Gerding_Ed1-150x150.jpg\" alt=\"Ed Gerding. (Credit: CoreLogic)\" width=\"150\" height=\"150\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Ed Gerding. (Credit: CoreLogic)\u003c/figcaption>\u003c/figure>\n\u003cp>Gerding doesn’t see it that way. Fraud “peaks and then it troughs,” he says. Mortgage fraud may have dropped some compared to 2005-2008, but did we mention origination fraud alone is estimated to cost banks about $13 billion annually? What changes over the years is the form of fraud that's used the most, and Gerding says it follows the path of least resistance.\u003c/p>\n\u003cp>Whereas origination frauds have been popular, scam artists are now breeding amidst the flurry of foreclosure activity.\u003c/p>\n\u003cp>The volume of foreclosures is not expected to last forever, but you can imagine that after that dust clears, there will be new ways found to skim a few grand off the top -- or bottom -- of a real estate deal.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cem>See something? Say something. The FBI is taking \u003ca href=\"https://tips.fbi.gov/\">tips\u003c/a>. As is the \u003ca href=\"http://www.irs.gov/Individuals/How-Do-You-Report-Suspected-Tax-Fraud-Activity%3F\">IRS\u003c/a>, and the California \u003ca href=\"http://oag.ca.gov/consumers\">Attorney General’s office\u003c/a>.\u003cbr>\n\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Calif. Retirement Systems Sending Members to Summit in Hawaii",
"title": "Calif. Retirement Systems Sending Members to Summit in Hawaii",
"headTitle": "News Fix | KQED News",
"content": "\u003cp>\u003cem>by Jennifer Gollan, \u003ca href=\"http://californiawatch.org/print/18817\">California Watch\u003c/a>\u003c/em>\u003c/p>\n\u003cp>When the head of one of the state’s largest independent pension funds received an invitation recently for his staff to attend a conference in Hawaii, his response lacked the aloha spirit.\u003c/p>\n\u003cfigure id=\"attachment_90312\" class=\"wp-caption alignleft\" style=\"max-width: 200px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/27/retirement-systems-to-send-members-to-hawaii-summit/waikiki-beach/\" rel=\"attachment wp-att-90312\">\u003cimg class=\"size-medium wp-image-90312 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/waikiki-beach-200x300.jpg\" alt=\"Waikiki Beach, Hawaii (Medioimages/Photodisc)\" width=\"200\" height=\"300\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Waikiki Beach, Hawaii (Medioimages/Photodisc)\u003c/figcaption>\u003c/figure>\n\u003cp>“I don’t plan on approving anyone to attend this conference given its location. … Hawaii is just not the right message to send at this time,” William Raggio, interim general manager of the Los Angeles Fire and Police Pensions, warned in an email to his staff.\u003c/p>\n\u003cp>But other pension plans couldn’t resist. Four of the state’s 24 largest independent municipal retirement systems intend to send up to five board members each, a survey by California Watch has found.\u003c/p>\n\u003cp>They include the city of Los Angeles, as well as Contra Costa, Los Angeles and San Diego counties – which are short a combined $17.5 billion to pay promised retiree pension benefits, according to figures provided by the plans.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Conference organizers expect about 1,000 pension trustees, money managers and consultants from across the nation to converge on the famed beaches of Waikiki from May 19 to 23 for the \u003ca href=\"http://www.ncpers.org/\" target=\"_blank\">National Conference on Public Employee Retirement Systems\u003c/a>, billed as the largest gathering of its kind for public pension plans.\u003c/p>\n\u003cp>An agenda shows most conference sessions end by early afternoon, leaving ample time for surfing, golfing, tanning or relaxing at one of the conference hotel’s five swimming pools. The total cost per attendee: $2,600 or more, by some estimates, including airfare, hotel, registration and other expenses.\u003c!--more-->\u003c/p>\n\u003cp>The conference website supplies board members hoping to shore up support for their expenses-paid trip a “\u003ca href=\"http://www.ncpers.org/page.php?pageid=147\" target=\"_blank\">2013 Attendance Justification Tool Kit\u003c/a>.” The site also includes “7 Tips for Building Your Case for Attending the Annual Conference,” which suggests that trustees emphasize how the conference could help them “build a networking list” and identify ways to help “save your fund money.”\u003c/p>\n\u003cp>Asked why pension officials needed a tool kit to rationalize their trip to Honolulu, Hank Kim, executive director and counsel for the trade association organizing the national conference, said, “In hindsight, maybe ‘justification’ wasn’t the best choice of words.”\u003c/p>\n\u003cp>Critics of government spending – and some pension officials – say travel to exotic destinations by those overseeing ailing pension funds is unseemly, especially as taxpayers watch their public services diminish to offset growing pension costs.\u003c/p>\n\u003cp>“There’s no such thing as a free trip to Waikiki,” said Joe Nation, a professor of the practice of public policy at Stanford University, who specializes in public employee pensions. “Everybody loses; taxpayers will have to pay more, or beneficiaries will have to pay more, or a combination of the two.”\u003c/p>\n\u003cp>Nation, a former Assembly Democrat from Marin, added that the pension managers “would have higher returns and their beneficiaries would be better off if they were to forgo this trip or travel close to home.”\u003c/p>\n\u003cp>The conference in Hawaii was planned and booked back in 2006, before the recent recession, Kim said. Still, organizers expect a strong turnout as trustees and money managers seek to gain an edge in a recovering economy.\u003c/p>\n\u003cp>“Being able to have discussions and network with pension officials from all over the country is one of the things that our members find most valuable,” said Kim, whose organization represents nearly 560 public pension plans nationwide.\u003c/p>\n\u003cp>Sessions are to include “Avoiding a Front Page Scandal at Your Pension Fund: Learning by Example,” and “How Do We Transform the Way People Think, Talk, and Act about Pensions?”\u003c/p>\n\u003cp>Richard Cabral, one of five board members from the \u003ca href=\"http://www.cccera.org/\" target=\"_blank\">Contra Costa County Employees’ Retirement Association\u003c/a> who plans to attend, said he doesn’t think current and future retirees view “my travel as a boondoggle.”\u003c/p>\n\u003cp>“There are trustees who are trying to further their own personal wealth, who are looking for employment with money managers,” said Cabral, a board member since 1977. “But my job is here.\u003c/p>\n\u003cp>“The real big value is interacting with other trustees. It helps to get different points of view,” said Cabral, who also serves as president of the American Federation of State, County and Municipal Employees, AFL-CIO Local 512, a union that represents 300 employees in Contra Costa County.\u003c/p>\n\u003cp>But fellow Contra Costa pension trustee John Gioia questioned the plan to send a large delegation using public funds, especially to a place like Hawaii.\u003c/p>\n\u003cp>“Pension trustees should exercise self-discipline and consider public perception in deciding which conferences to attend, otherwise the pension board may have to set limits on the number of trustees it sends,” said Gioia, who also is a county supervisor.\u003c/p>\n\u003cp>Full travel costs for most local pension board members attending the conference have not been finalized. Along with the five board members from Contra Costa County, attendees will include three from the \u003ca href=\"http://www.sdcera.org/\" target=\"_blank\">San Diego County Employees Retirement Association\u003c/a>, two from the \u003ca href=\"http://www.lacers.org/\" target=\"_blank\">Los Angeles City Employees’ Retirement System\u003c/a> and one from the \u003ca href=\"http://www.lacera.com/home/index.html\" target=\"_blank\">Los Angeles County Employees Retirement Association\u003c/a>.\u003c/p>\n\u003cp>Pension administrators in San Diego County estimate that they will spend a total of $7,950 to send three trustees: board Chairman David Myers, Vice Chairman E.F. “Skip” Murphy and alternate board member Tim Hancock. That includes airfare, conference registration and a five- or six-night stay at the Hilton Hawaiian Village Waikiki Beach Resort.\u003c/p>\n\u003cp>Calls to Myers, Murphy and Hancock were referred to Brian White, the plan’s chief executive. Through a spokesman, White issued a statement that said: “California state law requires board members to fulfill an education requirement. SDCERA assists Board members in fulfilling this requirement to educate and continuously improve the knowledge and understanding of complex topics and trends involving the governance of a public pension fund. Educational seminars typically cover critical topics such as legal requirements, investing, and trustee ethics.”\u003c/p>\n\u003cp>Those new training requirements went into effect in January. Under a law amended by the state Legislature last year, boards overseeing pension systems in 20 California counties must ensure board members receive 24 hours of education every two years.\u003c/p>\n\u003cp>Some of the more frugal pension plans encourage their trustees to attend seminars in state.\u003c/p>\n\u003cp>“We want to save money,” said Greg Frank, a management analyst for the San Joaquin County Employees’ Retirement Association, a $2 billion plan covering roughly 11,000 current and future retirees. “We give the trustees classes to attend that are local, in places like Berkeley. It’s real easy to keep it in California and keep costs down.”\u003c/p>\n\u003cp>The bill’s author, Assemblyman Bob Wieckowski, D-Fremont, said he did not believe pension board members – or, for that matter, groups of trustees – needed to travel to exotic locations to fulfill the new training requirements.\u003c/p>\n\u003cp>While the Hawaii conference would fulfill the requirements, so do programs set up through accredited academic institutions in California. Educational conferences scheduled over the next two years include those in Napa, Indian Wells, Sacramento and Monterey.\u003c/p>\n\u003cp>“I didn’t think that running up travel expenses and hotel rooms was a requirement of getting educated,” Wieckowski said. “We’re asking the public to show fiscal restraint, the cities and counties and the state are providing less services, and people are paying more taxes. So you would think these decision-makers would reflect that.”\u003c/p>\n\u003cp>PENSION BOARD MEMBERS PLANNING TO ATTEND THE CONFERENCE\u003cbr>\n\u003cstrong>Los Angeles City Employees’ Retirement System\u003c/strong>\u003cbr>\n- Jeffrey Penichet, board vice president\u003cbr>\n- Elizabeth Greenwood, commissioner\u003cbr>\nExpenses have not been finalized. Penichet and Greenwood did not return calls and emails requesting comment.\u003c/p>\n\u003cp>\u003cstrong>Los Angeles County Employees Retirement Association\u003c/strong>\u003cbr>\n- Herman Santos, chairman of the Board of Investments\u003cbr>\nHotel stay estimated to cost $1,139.60. Other expenses have not been finalized. Santos referred questions to Gregg Rademacher, chief executive of the pension plan, who issued a written statement: “While conferences are generally held in the continental U.S., we are fortunate that our 50th state, Hawaii, is easier and more cost effective to attend than policy and investment conferences on the East Coast, namely, Washington D.C. and New York city. Although the flight times are approximately the same for Honolulu and Washington D.C., flying to and lodging in Hawaii is consistently more cost effective (and safe). The best case scenario is having a world-class conference, such as a NCPERS conference, in your home town, however, that is seldom the case.”\u003c/p>\n\u003cp>\u003cstrong>Contra Costa County Employees’ Retirement Association \u003c/strong>\u003cbr>\n- Terry Buck, trustee: registration is $1,000\u003cbr>\n- Richard Cabral, trustee: registration is $650\u003cbr>\n- Jerry Telles, trustee: registration is $1,000\u003cbr>\n- Gabe Rodrigues, alternate trustee: registration is $1,000\u003cbr>\n- Debora Allen, trustee: registration is $650\u003cbr>\nEstimated travel costs for the board members have not been finalized. Buck, Telles, Rodrigues and Allen referred requests for comment to the plan’s chief executive, Marilyn Leedom, who did not return calls.\u003c/p>\n\u003cp>\u003cstrong>San Diego County Employees Retirement Association \u003c/strong>\u003cbr>\n- David Myers, board chairman\u003cbr>\n- E.F. “Skip” Murphy, vice chairman\u003cbr>\n- Tim Hancock, alternate board member\u003cbr>\nTravel estimated to cost $2,650 each. Calls and emails to Myers, Murphy and Hancock were referred to the pension plan’s chief executive, Brian White. A spokesman for White issued a statement that said: “NCPERS makes the decision on the location, dates and other elements of the conference. … NCPERS is a national organization and a preeminent resource for providing education to pension trustees and officials.”\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003cem>This story was edited by Amy Pyle. It was copy edited by Nikki Frick and Christine Lee.\u003c/em>\u003c/p>\n\n",
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"description": "by Jennifer Gollan, California Watch When the head of one of the state’s largest independent pension funds received an invitation recently for his staff to attend a conference in Hawaii, his response lacked the aloha spirit. “I don’t plan on approving anyone to attend this conference given its location. … Hawaii is just not the right",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>by Jennifer Gollan, \u003ca href=\"http://californiawatch.org/print/18817\">California Watch\u003c/a>\u003c/em>\u003c/p>\n\u003cp>When the head of one of the state’s largest independent pension funds received an invitation recently for his staff to attend a conference in Hawaii, his response lacked the aloha spirit.\u003c/p>\n\u003cfigure id=\"attachment_90312\" class=\"wp-caption alignleft\" style=\"max-width: 200px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/27/retirement-systems-to-send-members-to-hawaii-summit/waikiki-beach/\" rel=\"attachment wp-att-90312\">\u003cimg class=\"size-medium wp-image-90312 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/waikiki-beach-200x300.jpg\" alt=\"Waikiki Beach, Hawaii (Medioimages/Photodisc)\" width=\"200\" height=\"300\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Waikiki Beach, Hawaii (Medioimages/Photodisc)\u003c/figcaption>\u003c/figure>\n\u003cp>“I don’t plan on approving anyone to attend this conference given its location. … Hawaii is just not the right message to send at this time,” William Raggio, interim general manager of the Los Angeles Fire and Police Pensions, warned in an email to his staff.\u003c/p>\n\u003cp>But other pension plans couldn’t resist. Four of the state’s 24 largest independent municipal retirement systems intend to send up to five board members each, a survey by California Watch has found.\u003c/p>\n\u003cp>They include the city of Los Angeles, as well as Contra Costa, Los Angeles and San Diego counties – which are short a combined $17.5 billion to pay promised retiree pension benefits, according to figures provided by the plans.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Conference organizers expect about 1,000 pension trustees, money managers and consultants from across the nation to converge on the famed beaches of Waikiki from May 19 to 23 for the \u003ca href=\"http://www.ncpers.org/\" target=\"_blank\">National Conference on Public Employee Retirement Systems\u003c/a>, billed as the largest gathering of its kind for public pension plans.\u003c/p>\n\u003cp>An agenda shows most conference sessions end by early afternoon, leaving ample time for surfing, golfing, tanning or relaxing at one of the conference hotel’s five swimming pools. The total cost per attendee: $2,600 or more, by some estimates, including airfare, hotel, registration and other expenses.\u003c!--more-->\u003c/p>\n\u003cp>The conference website supplies board members hoping to shore up support for their expenses-paid trip a “\u003ca href=\"http://www.ncpers.org/page.php?pageid=147\" target=\"_blank\">2013 Attendance Justification Tool Kit\u003c/a>.” The site also includes “7 Tips for Building Your Case for Attending the Annual Conference,” which suggests that trustees emphasize how the conference could help them “build a networking list” and identify ways to help “save your fund money.”\u003c/p>\n\u003cp>Asked why pension officials needed a tool kit to rationalize their trip to Honolulu, Hank Kim, executive director and counsel for the trade association organizing the national conference, said, “In hindsight, maybe ‘justification’ wasn’t the best choice of words.”\u003c/p>\n\u003cp>Critics of government spending – and some pension officials – say travel to exotic destinations by those overseeing ailing pension funds is unseemly, especially as taxpayers watch their public services diminish to offset growing pension costs.\u003c/p>\n\u003cp>“There’s no such thing as a free trip to Waikiki,” said Joe Nation, a professor of the practice of public policy at Stanford University, who specializes in public employee pensions. “Everybody loses; taxpayers will have to pay more, or beneficiaries will have to pay more, or a combination of the two.”\u003c/p>\n\u003cp>Nation, a former Assembly Democrat from Marin, added that the pension managers “would have higher returns and their beneficiaries would be better off if they were to forgo this trip or travel close to home.”\u003c/p>\n\u003cp>The conference in Hawaii was planned and booked back in 2006, before the recent recession, Kim said. Still, organizers expect a strong turnout as trustees and money managers seek to gain an edge in a recovering economy.\u003c/p>\n\u003cp>“Being able to have discussions and network with pension officials from all over the country is one of the things that our members find most valuable,” said Kim, whose organization represents nearly 560 public pension plans nationwide.\u003c/p>\n\u003cp>Sessions are to include “Avoiding a Front Page Scandal at Your Pension Fund: Learning by Example,” and “How Do We Transform the Way People Think, Talk, and Act about Pensions?”\u003c/p>\n\u003cp>Richard Cabral, one of five board members from the \u003ca href=\"http://www.cccera.org/\" target=\"_blank\">Contra Costa County Employees’ Retirement Association\u003c/a> who plans to attend, said he doesn’t think current and future retirees view “my travel as a boondoggle.”\u003c/p>\n\u003cp>“There are trustees who are trying to further their own personal wealth, who are looking for employment with money managers,” said Cabral, a board member since 1977. “But my job is here.\u003c/p>\n\u003cp>“The real big value is interacting with other trustees. It helps to get different points of view,” said Cabral, who also serves as president of the American Federation of State, County and Municipal Employees, AFL-CIO Local 512, a union that represents 300 employees in Contra Costa County.\u003c/p>\n\u003cp>But fellow Contra Costa pension trustee John Gioia questioned the plan to send a large delegation using public funds, especially to a place like Hawaii.\u003c/p>\n\u003cp>“Pension trustees should exercise self-discipline and consider public perception in deciding which conferences to attend, otherwise the pension board may have to set limits on the number of trustees it sends,” said Gioia, who also is a county supervisor.\u003c/p>\n\u003cp>Full travel costs for most local pension board members attending the conference have not been finalized. Along with the five board members from Contra Costa County, attendees will include three from the \u003ca href=\"http://www.sdcera.org/\" target=\"_blank\">San Diego County Employees Retirement Association\u003c/a>, two from the \u003ca href=\"http://www.lacers.org/\" target=\"_blank\">Los Angeles City Employees’ Retirement System\u003c/a> and one from the \u003ca href=\"http://www.lacera.com/home/index.html\" target=\"_blank\">Los Angeles County Employees Retirement Association\u003c/a>.\u003c/p>\n\u003cp>Pension administrators in San Diego County estimate that they will spend a total of $7,950 to send three trustees: board Chairman David Myers, Vice Chairman E.F. “Skip” Murphy and alternate board member Tim Hancock. That includes airfare, conference registration and a five- or six-night stay at the Hilton Hawaiian Village Waikiki Beach Resort.\u003c/p>\n\u003cp>Calls to Myers, Murphy and Hancock were referred to Brian White, the plan’s chief executive. Through a spokesman, White issued a statement that said: “California state law requires board members to fulfill an education requirement. SDCERA assists Board members in fulfilling this requirement to educate and continuously improve the knowledge and understanding of complex topics and trends involving the governance of a public pension fund. Educational seminars typically cover critical topics such as legal requirements, investing, and trustee ethics.”\u003c/p>\n\u003cp>Those new training requirements went into effect in January. Under a law amended by the state Legislature last year, boards overseeing pension systems in 20 California counties must ensure board members receive 24 hours of education every two years.\u003c/p>\n\u003cp>Some of the more frugal pension plans encourage their trustees to attend seminars in state.\u003c/p>\n\u003cp>“We want to save money,” said Greg Frank, a management analyst for the San Joaquin County Employees’ Retirement Association, a $2 billion plan covering roughly 11,000 current and future retirees. “We give the trustees classes to attend that are local, in places like Berkeley. It’s real easy to keep it in California and keep costs down.”\u003c/p>\n\u003cp>The bill’s author, Assemblyman Bob Wieckowski, D-Fremont, said he did not believe pension board members – or, for that matter, groups of trustees – needed to travel to exotic locations to fulfill the new training requirements.\u003c/p>\n\u003cp>While the Hawaii conference would fulfill the requirements, so do programs set up through accredited academic institutions in California. Educational conferences scheduled over the next two years include those in Napa, Indian Wells, Sacramento and Monterey.\u003c/p>\n\u003cp>“I didn’t think that running up travel expenses and hotel rooms was a requirement of getting educated,” Wieckowski said. “We’re asking the public to show fiscal restraint, the cities and counties and the state are providing less services, and people are paying more taxes. So you would think these decision-makers would reflect that.”\u003c/p>\n\u003cp>PENSION BOARD MEMBERS PLANNING TO ATTEND THE CONFERENCE\u003cbr>\n\u003cstrong>Los Angeles City Employees’ Retirement System\u003c/strong>\u003cbr>\n- Jeffrey Penichet, board vice president\u003cbr>\n- Elizabeth Greenwood, commissioner\u003cbr>\nExpenses have not been finalized. Penichet and Greenwood did not return calls and emails requesting comment.\u003c/p>\n\u003cp>\u003cstrong>Los Angeles County Employees Retirement Association\u003c/strong>\u003cbr>\n- Herman Santos, chairman of the Board of Investments\u003cbr>\nHotel stay estimated to cost $1,139.60. Other expenses have not been finalized. Santos referred questions to Gregg Rademacher, chief executive of the pension plan, who issued a written statement: “While conferences are generally held in the continental U.S., we are fortunate that our 50th state, Hawaii, is easier and more cost effective to attend than policy and investment conferences on the East Coast, namely, Washington D.C. and New York city. Although the flight times are approximately the same for Honolulu and Washington D.C., flying to and lodging in Hawaii is consistently more cost effective (and safe). The best case scenario is having a world-class conference, such as a NCPERS conference, in your home town, however, that is seldom the case.”\u003c/p>\n\u003cp>\u003cstrong>Contra Costa County Employees’ Retirement Association \u003c/strong>\u003cbr>\n- Terry Buck, trustee: registration is $1,000\u003cbr>\n- Richard Cabral, trustee: registration is $650\u003cbr>\n- Jerry Telles, trustee: registration is $1,000\u003cbr>\n- Gabe Rodrigues, alternate trustee: registration is $1,000\u003cbr>\n- Debora Allen, trustee: registration is $650\u003cbr>\nEstimated travel costs for the board members have not been finalized. Buck, Telles, Rodrigues and Allen referred requests for comment to the plan’s chief executive, Marilyn Leedom, who did not return calls.\u003c/p>\n\u003cp>\u003cstrong>San Diego County Employees Retirement Association \u003c/strong>\u003cbr>\n- David Myers, board chairman\u003cbr>\n- E.F. “Skip” Murphy, vice chairman\u003cbr>\n- Tim Hancock, alternate board member\u003cbr>\nTravel estimated to cost $2,650 each. Calls and emails to Myers, Murphy and Hancock were referred to the pension plan’s chief executive, Brian White. A spokesman for White issued a statement that said: “NCPERS makes the decision on the location, dates and other elements of the conference. … NCPERS is a national organization and a preeminent resource for providing education to pension trustees and officials.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"title": "How Sequestration Budget Cuts Could Affect California",
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"content": "\u003cp>\u003cstrong>Update:\u003c/strong> \u003ca href=\"http://ww2.kqed.org/news/2013/02/25/kids-without-vaccination-obama-details-sequester-budget-cuts-in-california/\">Barack Obama warns of kids going without vaccination and other severe effects of sequestration.\u003cbr>\n\u003c/a>\u003cbr>\nThere’s no question California will suffer if Congress can’t reach a budget deal. The “sequester” cuts scheduled to start March 1 would hit schools, health care, parks, transportation — just about anything connected to government.\u003c/p>\n\u003cfigure id=\"attachment_82906\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2012/12/13/nonprofits-wade-into-political-giving/money-piggy-bank-flickr-kenteegarden/\" rel=\"attachment wp-att-82906\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-82906\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/money-piggy-bank-flickr-kenteegarden.jpg\" alt=\"Flicker/Kenteegarden\" width=\"300\" height=\"204\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Flicker/Kenteegarden\u003c/figcaption>\u003c/figure>\n\u003cp>On Friday, U.S. Transportation Secretary Ray LaHood\u003ca href=\"http://www.faa.gov/news/updates/media/2013_02_22_10_00_10.pdf\"> warned \u003c/a>that “flights to major cities like New York, Chicago and San Francisco could experience delays of up to 90 minutes during peak hours becasue we will have fewer controllers on staff.”\u003c/p>\n\u003cp>But predictions of a devastating blow to the state’s economy may be a little exaggerated. “The effect would be a small reduction in spending, which would mean a small effect on jobs,” says Stephen Levy, director and senior Economist of the Center for Continuing Study of the California Economy in Palo Alto.\u003c/p>\n\u003cp>Out of $85 billion in cuts to federal programs planned for the next fiscal year, $9 to $10 billion would come out of programs in California, says Levy. “That’s a very small percentage of the total California economy, which is about $2,000 billion.”\u003c!--more-->\u003c/p>\n\u003cp>That doesn’t mean we can all relax.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The sequester threat dates back to August 2011 when Democrats and Republicans were battling over the amount the federal government could legally borrow to pay its bills.\u003c/p>\n\u003cp>Republicans didn’t want to raise the debt ceiling unless Democrats agreed to budget cuts. Democrats didn’t want to cut.\u003c/p>\n\u003cp>As a compromise, Congress came up with a package of cuts that would go into effect if a bipartisan committee couldn’t come up with a better deal: $850 billion would be subtracted from the budgets of dozens of federal agencies over 10 years, and half of it would come out of the military.\u003c/p>\n\u003cp>“The idea is that Republicans would hate defense cuts and Democrats would hate non-defense cuts,” says Alan J. Auerbach, a University of California Berkeley professor of economics and law. “So the committee would come up with an agreement. But the committee didn’t come up with an agreement.”\u003c/p>\n\u003cp>The cuts were originally scheduled for Jan. 1, but the two sides agreed to push the deadline back to March 1 in hopes of working something out. They still haven’t reached a deal.\u003c/p>\n\u003cp>Democrats are still holding out for tax increases to make the cuts less severe, and Republicans are determined not to raise taxes, \u003ca href=\"http://www.nytimes.com/2013/02/21/us/politics/gop-resisting-obama-on-tax-increase.html?pagewanted=1&_r=2\">the New York Times reports\u003c/a>.\u003c/p>\n\u003cp>Auerbach is still betting that the two sides will reach a deal to avoid the cuts. “They were designed to be unpleasant and force and agreement, and I think they will do that,” he says.\u003c/p>\n\u003cp>What if they don’t?\u003c/p>\n\u003cp>It’s not a pretty picture. The economy is still sluggish, and less federal spending means it will take even longer to pick up speed, says Auerbach.\u003c/p>\n\u003cp>To be sure, some cuts may be necessary, he says. The government has been spending more than it takes in, and that’s not good for the economy in the long term. But the biggest increase has been in entitlement programs like Social Security and Medicare, and these are exempted from the sequestration cuts.\u003c/p>\n\u003cp>“If I could design policy, I would put in place a variety of structural reforms to entitlement programs and phase them in over time,” Auerbach says. By “structural reforms” he means careful cuts, like for example raising the age when people become eligible for benefits, as opposed to suddenly trimming a percentage from everyone’s Social Security check. He’d also increase taxes over time.\u003c/p>\n\u003cp>But he wouldn’t do any of that right away, because he thinks the economy is too weak right now.\u003c/p>\n\u003cp>Levy agrees with estimates he’s seen that the cuts could trim about half a percentage point from the national gross national product, and thinks California would suffer that proportionally.\u003c/p>\n\u003cp>In most respects, California would have a similar experience to the rest of the country.\u003c/p>\n\u003cp>The most immediate jolt would come if LaHood follows through on his threat to furlough air traffic controllers and shut down 100 air traffic control towers.\u003c/p>\n\u003cp>National parks could shorten hours. \u003ca href=\"http://www.npr.org/blogs/health/2013/02/19/172415025/how-the-sequester-could-affect-health-care\">Doctors \u003c/a>could lose 2 percent of their Medicare payments. Millions of dollars could evaporate from school districts.\u003c/p>\n\u003cp>Levy thinks the most serious effect would be the long-term consequence of reductions in research money from the National Institutes of Health, the National Science Foundation, universities and other institutions and other programs that lead to future inventions — “the kind of things that support the venture capital economy in California.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>It could be our grandchildren who suffer the most.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>Update:\u003c/strong> \u003ca href=\"http://ww2.kqed.org/news/2013/02/25/kids-without-vaccination-obama-details-sequester-budget-cuts-in-california/\">Barack Obama warns of kids going without vaccination and other severe effects of sequestration.\u003cbr>\n\u003c/a>\u003cbr>\nThere’s no question California will suffer if Congress can’t reach a budget deal. The “sequester” cuts scheduled to start March 1 would hit schools, health care, parks, transportation — just about anything connected to government.\u003c/p>\n\u003cfigure id=\"attachment_82906\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2012/12/13/nonprofits-wade-into-political-giving/money-piggy-bank-flickr-kenteegarden/\" rel=\"attachment wp-att-82906\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-82906\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/money-piggy-bank-flickr-kenteegarden.jpg\" alt=\"Flicker/Kenteegarden\" width=\"300\" height=\"204\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Flicker/Kenteegarden\u003c/figcaption>\u003c/figure>\n\u003cp>On Friday, U.S. Transportation Secretary Ray LaHood\u003ca href=\"http://www.faa.gov/news/updates/media/2013_02_22_10_00_10.pdf\"> warned \u003c/a>that “flights to major cities like New York, Chicago and San Francisco could experience delays of up to 90 minutes during peak hours becasue we will have fewer controllers on staff.”\u003c/p>\n\u003cp>But predictions of a devastating blow to the state’s economy may be a little exaggerated. “The effect would be a small reduction in spending, which would mean a small effect on jobs,” says Stephen Levy, director and senior Economist of the Center for Continuing Study of the California Economy in Palo Alto.\u003c/p>\n\u003cp>Out of $85 billion in cuts to federal programs planned for the next fiscal year, $9 to $10 billion would come out of programs in California, says Levy. “That’s a very small percentage of the total California economy, which is about $2,000 billion.”\u003c!--more-->\u003c/p>\n\u003cp>That doesn’t mean we can all relax.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The sequester threat dates back to August 2011 when Democrats and Republicans were battling over the amount the federal government could legally borrow to pay its bills.\u003c/p>\n\u003cp>Republicans didn’t want to raise the debt ceiling unless Democrats agreed to budget cuts. Democrats didn’t want to cut.\u003c/p>\n\u003cp>As a compromise, Congress came up with a package of cuts that would go into effect if a bipartisan committee couldn’t come up with a better deal: $850 billion would be subtracted from the budgets of dozens of federal agencies over 10 years, and half of it would come out of the military.\u003c/p>\n\u003cp>“The idea is that Republicans would hate defense cuts and Democrats would hate non-defense cuts,” says Alan J. Auerbach, a University of California Berkeley professor of economics and law. “So the committee would come up with an agreement. But the committee didn’t come up with an agreement.”\u003c/p>\n\u003cp>The cuts were originally scheduled for Jan. 1, but the two sides agreed to push the deadline back to March 1 in hopes of working something out. They still haven’t reached a deal.\u003c/p>\n\u003cp>Democrats are still holding out for tax increases to make the cuts less severe, and Republicans are determined not to raise taxes, \u003ca href=\"http://www.nytimes.com/2013/02/21/us/politics/gop-resisting-obama-on-tax-increase.html?pagewanted=1&_r=2\">the New York Times reports\u003c/a>.\u003c/p>\n\u003cp>Auerbach is still betting that the two sides will reach a deal to avoid the cuts. “They were designed to be unpleasant and force and agreement, and I think they will do that,” he says.\u003c/p>\n\u003cp>What if they don’t?\u003c/p>\n\u003cp>It’s not a pretty picture. The economy is still sluggish, and less federal spending means it will take even longer to pick up speed, says Auerbach.\u003c/p>\n\u003cp>To be sure, some cuts may be necessary, he says. The government has been spending more than it takes in, and that’s not good for the economy in the long term. But the biggest increase has been in entitlement programs like Social Security and Medicare, and these are exempted from the sequestration cuts.\u003c/p>\n\u003cp>“If I could design policy, I would put in place a variety of structural reforms to entitlement programs and phase them in over time,” Auerbach says. By “structural reforms” he means careful cuts, like for example raising the age when people become eligible for benefits, as opposed to suddenly trimming a percentage from everyone’s Social Security check. He’d also increase taxes over time.\u003c/p>\n\u003cp>But he wouldn’t do any of that right away, because he thinks the economy is too weak right now.\u003c/p>\n\u003cp>Levy agrees with estimates he’s seen that the cuts could trim about half a percentage point from the national gross national product, and thinks California would suffer that proportionally.\u003c/p>\n\u003cp>In most respects, California would have a similar experience to the rest of the country.\u003c/p>\n\u003cp>The most immediate jolt would come if LaHood follows through on his threat to furlough air traffic controllers and shut down 100 air traffic control towers.\u003c/p>\n\u003cp>National parks could shorten hours. \u003ca href=\"http://www.npr.org/blogs/health/2013/02/19/172415025/how-the-sequester-could-affect-health-care\">Doctors \u003c/a>could lose 2 percent of their Medicare payments. Millions of dollars could evaporate from school districts.\u003c/p>\n\u003cp>Levy thinks the most serious effect would be the long-term consequence of reductions in research money from the National Institutes of Health, the National Science Foundation, universities and other institutions and other programs that lead to future inventions — “the kind of things that support the venture capital economy in California.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>It could be our grandchildren who suffer the most.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "A's Ballpark Watch 2013: Unnamed Sources Say Something Might Have Happened, Maybe",
"title": "A's Ballpark Watch 2013: Unnamed Sources Say Something Might Have Happened, Maybe",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Oakland-As-logo.jpg\">\u003cimg class=\"size-full wp-image-78035 alignright\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Oakland-As-logo.jpg\" alt=\"Oakland A's logo\" width=\"194\" height=\"194\">\u003c/a>Back in the day, MAD magazine had a running joke about movie reviews. \"This sorry excuse for a film is so awful,\" a review would read, \"if I had to watch it again and again I'd consider moving or even being so bold as to change my name, or some other creative way that the studio couldn't find me.\" That scathing review would be transformed into the following blurb on the movie poster:\u003c/p>\n\u003cp>\"This film...watch it again and again....moving...bold...creative\".\u003c/p>\n\u003cp>Twitter, and the general speeding-up of news transmission, can have much the same effect. Case in point: today's flurry over \u003ca href=\"http://www.latimes.com/sports/la-sp-0221-athletics-san-jose-20130221,0,1177347.story\" target=\"_blank\">Bill Shaikin's story in the LA Times\u003c/a> about the latest development in the Oakland A's relocation saga. In brief, Shaikin said that Major League Baseball has given the A's a list of guidelines for a future move to San Jose.\u003c/p>\n\u003cp>Shaikin is clear that this doesn't necessarily mean the A's can or will move -- even the headline contains the words \"tentative\" and \"potential,\" and there's a big old disclaimer in the subhead. But some people are reacting as if the moving trucks have already pulled up in front of\u003ca href=\"http://maps.google.com/maps?oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&q=7000+coliseum+way+oakland+ca+94621&um=1&ie=UTF-8&hq=&hnear=0x808f85c36b3493fb:0xabc816fe6c3cf0bf,7000+Coliseum+Way,+Oakland,+CA+94621&gl=us&sa=X&ei=XpgmUcynEO7FiwKMoIDYDA&ved=0CDUQ8gEwAQ\" target=\"_blank\"> 7000 Coliseum Way. \u003c/a>\u003c/p>\n\u003cp>It's possible that the guidelines do represent some forward progress in the A's ownership's quest to move to the South Bay. Shaikin's unnamed sources didn't disclose their complete contents or exactly when MLB might have delivered them (Chronicle beat writer \u003ca href=\"https://twitter.com/susanslusser/status/304651450968072192\" target=\"_blank\">Susan Slusser thinks the team has had them for quite some time\u003c/a>), so it's hard to tell. They also might represent some new obstacles in the road south, since they apparently include \"concerns about the viability of the proposed San Jose ballpark site.\" \u003c!--more-->Major League Baseball Commissioner Bud Selig formed a committee to look into the A's request to relocate four years ago. They're tasked with producing a recommendation to MLB owners, at least 75% of whom would need to vote in favor of the relocation in order to override the objections of the San Francisco Giants, who currently have exclusive territorial rights to Santa Clara County.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Earlier today, Greg Baumann, editor-in-chief of the Silicon Valley Business Journal summarized the Giants' fears: \"[The Giants] like to see those fans (from the South Bay) come up the 101, or take Caltrain, to AT&T Park. If the A's move to San Jose and build a state-of-the-art park, a lot of folks are going to choose to break towards San Jose to spend their baseball dollar.\"\u003c/p>\n\u003cp>If MLB gave their okay and the Giants didn't pursue the matter further, there are still other obstacles: a few pieces of the proposed site are still in private hands, neighborhood groups might try to block a new stadium, and San Jose voters would need to sign off on the deal.\u003c/p>\n\u003cp>The earliest the stadium could be ready for a first pitch would be the 2018 season. A's management is currently negotiating a lease extension at the Oakland Coliseum through 2017 -- although even that's complicated; both parties seem to \u003ca href=\"http://www.insidebayarea.com/news/ci_22631368\" target=\"_blank\">have some communications issues\u003c/a>.\u003c/p>\n\u003cp>The Silicon Valley Business Journal's Baumann had an interesting comment about the cities in competition:\u003c/p>\n\u003cblockquote>\u003cp>Oakland and San Jose have quite a few parallels. They don't have some kind of natural, inbuilt attraction that lets them be as attractive as San Francisco. So towns like that have to fight tooth and nail and do everything they can to create attractions. San Jose gaining an attraction, in this case, would mean Oakland losing an attraction, and really, Oakland can't afford to lose many more attractions. That said, there are a lot of things about Oakland that are more vibrant than San Jose. Oakland's downtown culture is a lot hotter. It's got more national recognition as a destination for foodies and people of that ilk; San Jose isn't there yet, they need something.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>The present-day A's would definitely agree they're hip: among other things, we learned today that they've been named the \u003ca href=\"http://www.csnbayarea.com/blog/casey-pratt/notes-named-most-metal-team-baseball\" target=\"_blank\">most metal team in baseball\u003c/a> by Decibel Magazine, and have \u003ca href=\"http://www.mercurynews.com/athletics/ci_22638678/oakland-prospect-michael-ynoa-back-after-case-chicken\" target=\"_blank\">introduced 10 minutes of yoga\u003c/a> at the beginning of their spring training workouts.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Oakland-As-logo.jpg\">\u003cimg class=\"size-full wp-image-78035 alignright\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Oakland-As-logo.jpg\" alt=\"Oakland A's logo\" width=\"194\" height=\"194\">\u003c/a>Back in the day, MAD magazine had a running joke about movie reviews. \"This sorry excuse for a film is so awful,\" a review would read, \"if I had to watch it again and again I'd consider moving or even being so bold as to change my name, or some other creative way that the studio couldn't find me.\" That scathing review would be transformed into the following blurb on the movie poster:\u003c/p>\n\u003cp>\"This film...watch it again and again....moving...bold...creative\".\u003c/p>\n\u003cp>Twitter, and the general speeding-up of news transmission, can have much the same effect. Case in point: today's flurry over \u003ca href=\"http://www.latimes.com/sports/la-sp-0221-athletics-san-jose-20130221,0,1177347.story\" target=\"_blank\">Bill Shaikin's story in the LA Times\u003c/a> about the latest development in the Oakland A's relocation saga. In brief, Shaikin said that Major League Baseball has given the A's a list of guidelines for a future move to San Jose.\u003c/p>\n\u003cp>Shaikin is clear that this doesn't necessarily mean the A's can or will move -- even the headline contains the words \"tentative\" and \"potential,\" and there's a big old disclaimer in the subhead. But some people are reacting as if the moving trucks have already pulled up in front of\u003ca href=\"http://maps.google.com/maps?oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&q=7000+coliseum+way+oakland+ca+94621&um=1&ie=UTF-8&hq=&hnear=0x808f85c36b3493fb:0xabc816fe6c3cf0bf,7000+Coliseum+Way,+Oakland,+CA+94621&gl=us&sa=X&ei=XpgmUcynEO7FiwKMoIDYDA&ved=0CDUQ8gEwAQ\" target=\"_blank\"> 7000 Coliseum Way. \u003c/a>\u003c/p>\n\u003cp>It's possible that the guidelines do represent some forward progress in the A's ownership's quest to move to the South Bay. Shaikin's unnamed sources didn't disclose their complete contents or exactly when MLB might have delivered them (Chronicle beat writer \u003ca href=\"https://twitter.com/susanslusser/status/304651450968072192\" target=\"_blank\">Susan Slusser thinks the team has had them for quite some time\u003c/a>), so it's hard to tell. They also might represent some new obstacles in the road south, since they apparently include \"concerns about the viability of the proposed San Jose ballpark site.\" \u003c!--more-->Major League Baseball Commissioner Bud Selig formed a committee to look into the A's request to relocate four years ago. They're tasked with producing a recommendation to MLB owners, at least 75% of whom would need to vote in favor of the relocation in order to override the objections of the San Francisco Giants, who currently have exclusive territorial rights to Santa Clara County.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Earlier today, Greg Baumann, editor-in-chief of the Silicon Valley Business Journal summarized the Giants' fears: \"[The Giants] like to see those fans (from the South Bay) come up the 101, or take Caltrain, to AT&T Park. If the A's move to San Jose and build a state-of-the-art park, a lot of folks are going to choose to break towards San Jose to spend their baseball dollar.\"\u003c/p>\n\u003cp>If MLB gave their okay and the Giants didn't pursue the matter further, there are still other obstacles: a few pieces of the proposed site are still in private hands, neighborhood groups might try to block a new stadium, and San Jose voters would need to sign off on the deal.\u003c/p>\n\u003cp>The earliest the stadium could be ready for a first pitch would be the 2018 season. A's management is currently negotiating a lease extension at the Oakland Coliseum through 2017 -- although even that's complicated; both parties seem to \u003ca href=\"http://www.insidebayarea.com/news/ci_22631368\" target=\"_blank\">have some communications issues\u003c/a>.\u003c/p>\n\u003cp>The Silicon Valley Business Journal's Baumann had an interesting comment about the cities in competition:\u003c/p>\n\u003cblockquote>\u003cp>Oakland and San Jose have quite a few parallels. They don't have some kind of natural, inbuilt attraction that lets them be as attractive as San Francisco. So towns like that have to fight tooth and nail and do everything they can to create attractions. San Jose gaining an attraction, in this case, would mean Oakland losing an attraction, and really, Oakland can't afford to lose many more attractions. That said, there are a lot of things about Oakland that are more vibrant than San Jose. Oakland's downtown culture is a lot hotter. It's got more national recognition as a destination for foodies and people of that ilk; San Jose isn't there yet, they need something.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>The present-day A's would definitely agree they're hip: among other things, we learned today that they've been named the \u003ca href=\"http://www.csnbayarea.com/blog/casey-pratt/notes-named-most-metal-team-baseball\" target=\"_blank\">most metal team in baseball\u003c/a> by Decibel Magazine, and have \u003ca href=\"http://www.mercurynews.com/athletics/ci_22638678/oakland-prospect-michael-ynoa-back-after-case-chicken\" target=\"_blank\">introduced 10 minutes of yoga\u003c/a> at the beginning of their spring training workouts.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Tesla Reports 2012 Loss, Predicts 2013 Profits",
"title": "Tesla Reports 2012 Loss, Predicts 2013 Profits",
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"content": "\u003cp>Tesla Motors Inc., the Palo Alto-based electric car maker, reported a loss of $90 million on revenues of $306 million in the fourth quarter of 2012, a result that fell short of analysts' predictions and caused the company's stock to drop in after-hours trading.\u003c/p>\n\u003cfigure id=\"attachment_87069\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/24/thinking-of-an-indie-electric-car-you-may-need-to-move-fast/tesla-model-s-and-roadster-tesla-motors/\" rel=\"attachment wp-att-87069\">\u003cimg class=\"size-medium wp-image-87069 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Tesla-Model-S-and-Roadster-tesla-motors-300x200.jpg\" alt=\"Tesla Motors' Model S (right) is the second model it has released. The Roadster (left) was its first. (Tesla Motors)\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Tesla Motors' Model S (right) is the second model it has released. The Roadster (left) was its first. (Tesla Motors) \u003ccite>(Tesla Motors)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The company delivered about 2,400 Model S vehicles, it said in a \u003ca href=\"http://ir.teslamotors.com/secfiling.cfm?filingID=1193125-13-67177&CIK=1318605\">statement\u003c/a> posted on its website.\u003c/p>\n\u003cp>Tesla reported a non-GAAP (generally accepted accounting principles) net loss for the quarter just under $75 million, or $0.65 per share. Its GAAP net loss was $90 million, or $0.79 per share for the quarter. In a Thomson Reuters survey, analysts had predicted that the company would post $298 million in sales and a loss of 53 cents a share.\u003c/p>\n\u003caside class=\"pullquote alignleft\">We had to do some dumb things like fly tires from the Czech Republic. I kid you not. I wanted to punch myself in the face.\"\u003c/aside>\n\u003cp>Stock prices fell 3.26 percent in after hour trading in the first half hour after the 1 p.m. report.\u003c/p>\n\u003cp>But Tesla, which has always operated at a loss, said it expects to become profitable in a few months. Previously it had estimated that wouldn't happen until the end of the year.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"We really have very high confidence that we’ll have a profitable first quarter,\" said CEO Elon Musk in a conference call. \"And I think that’s really a big deal. It took an enormous amount of blood, sweat and tears to get there, but we’re going to do it, and I’m really proud of that.\" \u003c!--more-->The company planned to deliver about 20,000 Model S units in 2013.\u003c/p>\n\u003cp>Ben Kallo, a senior analyst at Robert W. Baird, said his company would recommend buying the stock.\u003c/p>\n\u003cp>\"Overall I think it was positive,\" he said of the earnings report. In addition to the prediction of profitability, the company reached its production goals, and during the quarter, 6,000 people reserved the right to buy a car when one becomes available.\u003c/p>\n\u003cp>The company is controversial with serious questions about the demand for electric vehicles and the ability of a new car contender to muscle its way into an industry dominated by such large companies.\u003c/p>\n\u003cp>Over half the stock not held by insiders has been shorted by such pessimists, said Kallo. \"There are a lot of disbelievers.\"\u003c/p>\n\u003cp>Musk said the company is beginning to achieve economies of scale and develop a more reliable supply chain, efforts that have proved challenging until now. \"We had to do some dumb things like fly tires from the Czech Republic,\" he said. \"I kid you not. I wanted to punch myself in the face.\"\u003c/p>\n\u003cp>Earlier this month controversy swirled over a Feb. 8 \u003ca href=\"http://www.nytimes.com/2013/02/10/automobiles/stalled-on-the-ev-highway.html?pagewanted=1&_r=1&ref=automobiles\">account\u003c/a> by \u003cem>New York Times\u003c/em> reporter John M. Broder of a Model S test drive that ended with the car on a tow truck.\u003c/p>\n\u003cp>Musk protested, and an investigation by the Times' Public Editor Margaret Sullivan \u003ca href=\"http://ww2.kqed.org/news/2013/02/18/ny-times-public-editor-on-tesla-model-s-controversy-reporter-made-poor-driving-decisions-but-story-in-good-faith\">found\u003c/a> that Broder may not have perfectly followed instructions for operating the vehicle.\u003c/p>\n\u003cp>Demand for the Model S exceed supply, with 6,000 new cars already reserved by would-be buyers in the fourth quarter.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cspan style=\"font-size: xx-small\">\u003ca href=\"http://www.docstoc.com/docs/146302492/tesla\">tesla\u003c/a>\u003c/span>\u003cbr>\n\u003cobject id=\"_ds_146302492\" width=\"630\" height=\"550\" classid=\"d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0\" name=\"_ds_146302492\">\u003cparam name=\"FlashVars\" value=\"doc_id=146302492&mem_id=128122&showrelated=1&showotherdocs=1&doc_type=pdf&allowdownload=1\">\u003cparam name=\"allowScriptAccess\" value=\"always\">\u003cparam name=\"wmode\" value=\"opaque\">\u003cparam name=\"allowFullScreen\" value=\"true\">\u003cparam name=\"src\" value=\"http://viewer.docstoc.com/\">\u003cparam name=\"flashvars\" value=\"doc_id=146302492&mem_id=128122&showrelated=1&showotherdocs=1&doc_type=pdf&allowdownload=1\">\u003cparam name=\"allowscriptaccess\" value=\"always\">\u003cparam name=\"allowfullscreen\" value=\"true\">\u003cembed width=\"630\" height=\"550\" type=\"application/x-shockwave-flash\" src=\"http://viewer.docstoc.com/\" flashvars=\"doc_id=146302492&mem_id=128122&showrelated=1&showotherdocs=1&doc_type=pdf&allowdownload=1\" wmode=\"opaque\" name=\"_ds_146302492\">\u003c/embed>\u003c/object>\u003cbr>\nvar docstoc_docid=\"146302492\";var docstoc_title=\"tesla\";var docstoc_urltitle=\"tesla\";\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Tesla Motors Inc., the Palo Alto-based electric car maker, reported a loss of $90 million on revenues of $306 million in the fourth quarter of 2012, a result that fell short of analysts' predictions and caused the company's stock to drop in after-hours trading.\u003c/p>\n\u003cfigure id=\"attachment_87069\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/24/thinking-of-an-indie-electric-car-you-may-need-to-move-fast/tesla-model-s-and-roadster-tesla-motors/\" rel=\"attachment wp-att-87069\">\u003cimg class=\"size-medium wp-image-87069 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Tesla-Model-S-and-Roadster-tesla-motors-300x200.jpg\" alt=\"Tesla Motors' Model S (right) is the second model it has released. The Roadster (left) was its first. (Tesla Motors)\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Tesla Motors' Model S (right) is the second model it has released. The Roadster (left) was its first. (Tesla Motors) \u003ccite>(Tesla Motors)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The company delivered about 2,400 Model S vehicles, it said in a \u003ca href=\"http://ir.teslamotors.com/secfiling.cfm?filingID=1193125-13-67177&CIK=1318605\">statement\u003c/a> posted on its website.\u003c/p>\n\u003cp>Tesla reported a non-GAAP (generally accepted accounting principles) net loss for the quarter just under $75 million, or $0.65 per share. Its GAAP net loss was $90 million, or $0.79 per share for the quarter. In a Thomson Reuters survey, analysts had predicted that the company would post $298 million in sales and a loss of 53 cents a share.\u003c/p>\n\u003caside class=\"pullquote alignleft\">We had to do some dumb things like fly tires from the Czech Republic. I kid you not. I wanted to punch myself in the face.\"\u003c/aside>\n\u003cp>Stock prices fell 3.26 percent in after hour trading in the first half hour after the 1 p.m. report.\u003c/p>\n\u003cp>But Tesla, which has always operated at a loss, said it expects to become profitable in a few months. Previously it had estimated that wouldn't happen until the end of the year.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"We really have very high confidence that we’ll have a profitable first quarter,\" said CEO Elon Musk in a conference call. \"And I think that’s really a big deal. It took an enormous amount of blood, sweat and tears to get there, but we’re going to do it, and I’m really proud of that.\" \u003c!--more-->The company planned to deliver about 20,000 Model S units in 2013.\u003c/p>\n\u003cp>Ben Kallo, a senior analyst at Robert W. Baird, said his company would recommend buying the stock.\u003c/p>\n\u003cp>\"Overall I think it was positive,\" he said of the earnings report. In addition to the prediction of profitability, the company reached its production goals, and during the quarter, 6,000 people reserved the right to buy a car when one becomes available.\u003c/p>\n\u003cp>The company is controversial with serious questions about the demand for electric vehicles and the ability of a new car contender to muscle its way into an industry dominated by such large companies.\u003c/p>\n\u003cp>Over half the stock not held by insiders has been shorted by such pessimists, said Kallo. \"There are a lot of disbelievers.\"\u003c/p>\n\u003cp>Musk said the company is beginning to achieve economies of scale and develop a more reliable supply chain, efforts that have proved challenging until now. \"We had to do some dumb things like fly tires from the Czech Republic,\" he said. \"I kid you not. I wanted to punch myself in the face.\"\u003c/p>\n\u003cp>Earlier this month controversy swirled over a Feb. 8 \u003ca href=\"http://www.nytimes.com/2013/02/10/automobiles/stalled-on-the-ev-highway.html?pagewanted=1&_r=1&ref=automobiles\">account\u003c/a> by \u003cem>New York Times\u003c/em> reporter John M. Broder of a Model S test drive that ended with the car on a tow truck.\u003c/p>\n\u003cp>Musk protested, and an investigation by the Times' Public Editor Margaret Sullivan \u003ca href=\"http://ww2.kqed.org/news/2013/02/18/ny-times-public-editor-on-tesla-model-s-controversy-reporter-made-poor-driving-decisions-but-story-in-good-faith\">found\u003c/a> that Broder may not have perfectly followed instructions for operating the vehicle.\u003c/p>\n\u003cp>Demand for the Model S exceed supply, with 6,000 new cars already reserved by would-be buyers in the fourth quarter.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cspan style=\"font-size: xx-small\">\u003ca href=\"http://www.docstoc.com/docs/146302492/tesla\">tesla\u003c/a>\u003c/span>\u003cbr>\n\u003cobject id=\"_ds_146302492\" width=\"630\" height=\"550\" classid=\"d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0\" name=\"_ds_146302492\">\u003cparam name=\"FlashVars\" value=\"doc_id=146302492&mem_id=128122&showrelated=1&showotherdocs=1&doc_type=pdf&allowdownload=1\">\u003cparam name=\"allowScriptAccess\" value=\"always\">\u003cparam name=\"wmode\" value=\"opaque\">\u003cparam name=\"allowFullScreen\" value=\"true\">\u003cparam name=\"src\" value=\"http://viewer.docstoc.com/\">\u003cparam name=\"flashvars\" value=\"doc_id=146302492&mem_id=128122&showrelated=1&showotherdocs=1&doc_type=pdf&allowdownload=1\">\u003cparam name=\"allowscriptaccess\" value=\"always\">\u003cparam name=\"allowfullscreen\" value=\"true\">\u003cembed width=\"630\" height=\"550\" type=\"application/x-shockwave-flash\" src=\"http://viewer.docstoc.com/\" flashvars=\"doc_id=146302492&mem_id=128122&showrelated=1&showotherdocs=1&doc_type=pdf&allowdownload=1\" wmode=\"opaque\" name=\"_ds_146302492\">\u003c/embed>\u003c/object>\u003cbr>\nvar docstoc_docid=\"146302492\";var docstoc_title=\"tesla\";var docstoc_urltitle=\"tesla\";\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Last week on KQED’s Forum program, \u003ca href=\"http://www.kqed.org/a/forum/R201302121000\" target=\"_blank\" rel=\"noopener\">Al Gore spoke with host Michael Krasny\u003c/a> about his new book and a bunch of other topics. One subject that perked our interest because we’ve been \u003ca href=\"http://ww2.kqed.org/news/tag/fracking/\" target=\"_blank\" rel=\"noopener\">covering it\u003c/a>: fracking. As KQED Science’s Lauren Sommer explains …\u003c/p>\n\u003cblockquote>\u003cp>Fracking is an oil-extraction technique in which millions of gallons of water, mixed with sand and chemicals, are injected underground at high pressure. That cracks the rocks, letting the oil out. Around the country, hydraulic fracturing has led to record levels of oil and gas production.\u003c/p>\u003c/blockquote>\n\u003cp>And as Forum’s Amanda Stupi recently wrote in her post “\u003ca href=\"http://ww2.kqed.org/news/2012/12/24/what-to-pay-attention-to-as-the-california-fracking-debate-heats-up/\" target=\"_blank\" rel=\"noopener\">What to Pay Attention to as the California Fracking Debate Heats Up\u003c/a>” …\u003c/p>\n\u003cblockquote>\u003cp>While fracking has been big news for a while in Pennsylvania, North Dakota and elsewhere in the country, it has yet to become a popular topic of dinner conversation in California. That’s likely going to change.\u003c/p>\u003c/blockquote>\n\u003cfigure id=\"attachment_83253\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/fracking.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-83253\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/fracking-300x203.jpg\" alt=\"Workers change the pipes in a fracking operation in Waynesburg, PA. (Mladen Antonov/AFP/Getty Images)\" width=\"300\" height=\"203\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Workers change the pipes in a fracking operation in Waynesburg, PA. (Mladen Antonov/AFP/Getty Images) \u003ccite>(Mladen Antonov/AFP/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Why? Because the federal Bureau of Land Management has opened up 18,000 acres in Monterey, Fresno and San Benito Counties to oil leases. But the oil deep in what’s called the \u003ca href=\"https://www.google.com/search?q=monterey+shal\" target=\"_blank\" rel=\"noopener\">Monterey Shale\u003c/a> is notoriously tough to extract. “Most if it is locked inside the shale rock,” Lauren Sommer reports. “But recently, oil companies have gotten a lot better at getting oil out of shale thanks to hydraulic fracturing.”\u003c/p>\n\u003cp>California’s Division of Oil, Gas and Geothermal Resources (DOGGR) is now \u003ca href=\"http://ww2.kqed.org/news/2012/12/18/calif-regulators-release-draft-fracking-regulations/\" target=\"_blank\" rel=\"noopener\">drafting regulations around fracking\u003c/a>. But many environmentalists are just dead-set against the technique, worrying about water contamination and other negative effects. \u003c!--more-->So let’s hear what former Vice President Al Gore — one of the world’s most influential advocates on climate change and other environmental issues — has to say.\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>Forum host Michael Krasny\u003c/strong>: What do you think about the anticipated fracking expansion in California?\u003c/p>\n\u003cp>\u003cstrong>Al Gore\u003c/strong>: I’m concerned about it. It has pluses and minuses. Advocates have long pointed out that natural gas has only 50 percent of the CO2 content when it’s burned compared to coal. But a lot of it leaks in the fracking process. And when the methane leaks into the atmosphere, each molecule has 70 times the potential warming effect compared to CO2 over a 10-20 year period, and then it lessens somewhat. But that means not very much needs to leak to wipe out the advantage.\u003c/p>\n\u003cp>And then there are the water requirements. Six million gallons on average for each new fracking well. And the water that’s used is mixed with very toxic chemicals, and that sometimes pollutes the groundwater. The industry claims it doesn’t, but there are too many examples that shows that it does — often when they re-inject the poisoned fracking water back deep into the earth.\u003c/p>\n\u003cp>These and other issues are ones that I think are deserving of careful exploration.\u003c/p>\n\u003cp>People often say fracking is an issue that requires the classic question: is the glass half-full or half-empty?\u003c/p>\n\u003cp>Well, the Earth’s atmosphere is completely full. And we’re going to have to make a shift to renewable energy sources. We have the ability to do that. The report came out recently that last year the largest new additions to electricity production in the U.S. came from wind — 42 percent of all new energy production from wind. In Australia, wind energy, a report says, is now cheaper than electricity from a new coal plant or a new gas plant. And solar photovoltaic energy is spreading far more rapidly than anyone thought was possible. In 2010 the world’s cumulative investments in renewable energy for the first time exceeded the world’s investments in fossil fuel energy.\u003c/p>\n\u003cp>Now the fracking wave over the last two years has put [non-renewables] out in front again, but it is inexorable that we will shift to renewable energy. Part of the problem with speeding up this transition, though, is that we provide massive subsidies to coal and oil, and on a global basis it amounts to about $500 billion a year. We ought to save money buy stopping those subsidies to the dirty carbon fuels.\u003c/p>\u003c/blockquote>\n\u003cp>I asked Lauren Sommer to comment on one part of what Gore said: his contention that there have been “too many examples” of groundwater being contaminated by the fracking process.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“Groundwater contamination has been one of the most controversial questions in the fracking debate,” Sommer says. “While there have been documented cases of methane seeping into groundwater, linking it directly to fracking activity has been trickier. The EPA is still investigating one of the most high- profile cases in Pavillion, Wyo., where early results showed that fracking chemicals could be seeping into the groundwater there.”\u003c/p>\n\u003cp>ProPublica has \u003ca href=\"http://www.propublica.org/article/new-study-fluids-from-marcellus-shale-likely-seeping-into-pa-drinking-water\" target=\"_blank\" rel=\"noopener\">reported on the water contamination issue\u003c/a>, as related to fracking in Pa. From an article about studies on the potential effects on drinking water from fracking in the \u003ca href=\"https://www.google.com/search?q=marcellus+shale\" target=\"_blank\" rel=\"noopener\">Marcellus Shale\u003c/a> …\u003c/p>\n\u003cblockquote>\u003cp>New research has concluded that salty, mineral-rich fluids deep beneath Pennsylvania’s natural gas fields are likely seeping upward thousands of feet into drinking water supplies.\u003c/p>\n\u003cp>Though the fluids were natural and not the byproduct of drilling or hydraulic fracturing, the finding further stokes the red-hot controversy over fracking in the Marcellus Shale, suggesting that drilling waste and chemicals could migrate in ways previously thought to be impossible…\u003c/p>\n\u003cp>The study, conducted by scientists at Duke University and California State Polytechnic University at Pomona and released today in the Proceedings of the National Academy of Sciences, tested drinking water wells and aquifers across Northeastern Pennsylvania. Researchers found that, in some cases, the water had mixed with brine that closely matched brine thought to be from the Marcellus Shale or areas close to it.\u003c/p>\n\u003cp>No drilling chemicals were detected in the water, and there was no correlation between where the natural brine was detected and where drilling takes place.\u003c/p>\n\u003cp>Still, the brine’s presence – and the finding that it moved over thousands of vertical feet — contradicts the oft-repeated notion that deeply buried rock layers will always seal in material injected underground through drilling, mining, or underground disposal. \u003ca href=\"http://www.propublica.org/article/new-study-fluids-from-marcellus-shale-likely-seeping-into-pa-drinking-water\" target=\"_blank\" rel=\"noopener\">Full article\u003c/a>\u003c/p>\n\u003cp> \u003c/p>\u003c/blockquote>\n\u003cp>Meanwhile, says KQED Science Senior Editor Craig Miller, the problem with fracking may have less to do with the specific process and more with the fact that it’s enabled more drilling in general …\u003c/p>\n\u003cblockquote>\u003cp>While the term “fracking” makes for great poster plays at demonstrations, it’s just one phase of a well’s development,” he says. “The biggest threat to water quality may be simply the enormous new boom in drilling that fracking techniques (and horizontal drilling) have enabled. Thousands of new wells (and more reworked old wells) mean a lot more “straws” being stuck through underground rock formations. Each of those straws represents a chance that somebody might cut corners on making sure the well is properly sealed off from the surrounding aquifer. It’s the reason that regulators keep harping on ‘well casing management.’ \u003c/p>\n\u003cp>Fracking comes with its own concerns, of course, like seismic risk, air pollution from arrays of diesel generators, and the disposal of huge quantities of waste water back into the ground.\u003c/p>\u003c/blockquote>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>You can listen to Gore’s \u003ca href=\"http://www.kqed.org/a/forum/R201302121000\" target=\"_blank\" rel=\"noopener\">complete Forum appearance\u003c/a> \u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Last week on KQED’s Forum program, \u003ca href=\"http://www.kqed.org/a/forum/R201302121000\" target=\"_blank\" rel=\"noopener\">Al Gore spoke with host Michael Krasny\u003c/a> about his new book and a bunch of other topics. One subject that perked our interest because we’ve been \u003ca href=\"http://ww2.kqed.org/news/tag/fracking/\" target=\"_blank\" rel=\"noopener\">covering it\u003c/a>: fracking. As KQED Science’s Lauren Sommer explains …\u003c/p>\n\u003cblockquote>\u003cp>Fracking is an oil-extraction technique in which millions of gallons of water, mixed with sand and chemicals, are injected underground at high pressure. That cracks the rocks, letting the oil out. Around the country, hydraulic fracturing has led to record levels of oil and gas production.\u003c/p>\u003c/blockquote>\n\u003cp>And as Forum’s Amanda Stupi recently wrote in her post “\u003ca href=\"http://ww2.kqed.org/news/2012/12/24/what-to-pay-attention-to-as-the-california-fracking-debate-heats-up/\" target=\"_blank\" rel=\"noopener\">What to Pay Attention to as the California Fracking Debate Heats Up\u003c/a>” …\u003c/p>\n\u003cblockquote>\u003cp>While fracking has been big news for a while in Pennsylvania, North Dakota and elsewhere in the country, it has yet to become a popular topic of dinner conversation in California. That’s likely going to change.\u003c/p>\u003c/blockquote>\n\u003cfigure id=\"attachment_83253\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/fracking.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-83253\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/12/fracking-300x203.jpg\" alt=\"Workers change the pipes in a fracking operation in Waynesburg, PA. (Mladen Antonov/AFP/Getty Images)\" width=\"300\" height=\"203\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Workers change the pipes in a fracking operation in Waynesburg, PA. (Mladen Antonov/AFP/Getty Images) \u003ccite>(Mladen Antonov/AFP/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Why? Because the federal Bureau of Land Management has opened up 18,000 acres in Monterey, Fresno and San Benito Counties to oil leases. But the oil deep in what’s called the \u003ca href=\"https://www.google.com/search?q=monterey+shal\" target=\"_blank\" rel=\"noopener\">Monterey Shale\u003c/a> is notoriously tough to extract. “Most if it is locked inside the shale rock,” Lauren Sommer reports. “But recently, oil companies have gotten a lot better at getting oil out of shale thanks to hydraulic fracturing.”\u003c/p>\n\u003cp>California’s Division of Oil, Gas and Geothermal Resources (DOGGR) is now \u003ca href=\"http://ww2.kqed.org/news/2012/12/18/calif-regulators-release-draft-fracking-regulations/\" target=\"_blank\" rel=\"noopener\">drafting regulations around fracking\u003c/a>. But many environmentalists are just dead-set against the technique, worrying about water contamination and other negative effects. \u003c!--more-->So let’s hear what former Vice President Al Gore — one of the world’s most influential advocates on climate change and other environmental issues — has to say.\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>Forum host Michael Krasny\u003c/strong>: What do you think about the anticipated fracking expansion in California?\u003c/p>\n\u003cp>\u003cstrong>Al Gore\u003c/strong>: I’m concerned about it. It has pluses and minuses. Advocates have long pointed out that natural gas has only 50 percent of the CO2 content when it’s burned compared to coal. But a lot of it leaks in the fracking process. And when the methane leaks into the atmosphere, each molecule has 70 times the potential warming effect compared to CO2 over a 10-20 year period, and then it lessens somewhat. But that means not very much needs to leak to wipe out the advantage.\u003c/p>\n\u003cp>And then there are the water requirements. Six million gallons on average for each new fracking well. And the water that’s used is mixed with very toxic chemicals, and that sometimes pollutes the groundwater. The industry claims it doesn’t, but there are too many examples that shows that it does — often when they re-inject the poisoned fracking water back deep into the earth.\u003c/p>\n\u003cp>These and other issues are ones that I think are deserving of careful exploration.\u003c/p>\n\u003cp>People often say fracking is an issue that requires the classic question: is the glass half-full or half-empty?\u003c/p>\n\u003cp>Well, the Earth’s atmosphere is completely full. And we’re going to have to make a shift to renewable energy sources. We have the ability to do that. The report came out recently that last year the largest new additions to electricity production in the U.S. came from wind — 42 percent of all new energy production from wind. In Australia, wind energy, a report says, is now cheaper than electricity from a new coal plant or a new gas plant. And solar photovoltaic energy is spreading far more rapidly than anyone thought was possible. In 2010 the world’s cumulative investments in renewable energy for the first time exceeded the world’s investments in fossil fuel energy.\u003c/p>\n\u003cp>Now the fracking wave over the last two years has put [non-renewables] out in front again, but it is inexorable that we will shift to renewable energy. Part of the problem with speeding up this transition, though, is that we provide massive subsidies to coal and oil, and on a global basis it amounts to about $500 billion a year. We ought to save money buy stopping those subsidies to the dirty carbon fuels.\u003c/p>\u003c/blockquote>\n\u003cp>I asked Lauren Sommer to comment on one part of what Gore said: his contention that there have been “too many examples” of groundwater being contaminated by the fracking process.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“Groundwater contamination has been one of the most controversial questions in the fracking debate,” Sommer says. “While there have been documented cases of methane seeping into groundwater, linking it directly to fracking activity has been trickier. The EPA is still investigating one of the most high- profile cases in Pavillion, Wyo., where early results showed that fracking chemicals could be seeping into the groundwater there.”\u003c/p>\n\u003cp>ProPublica has \u003ca href=\"http://www.propublica.org/article/new-study-fluids-from-marcellus-shale-likely-seeping-into-pa-drinking-water\" target=\"_blank\" rel=\"noopener\">reported on the water contamination issue\u003c/a>, as related to fracking in Pa. From an article about studies on the potential effects on drinking water from fracking in the \u003ca href=\"https://www.google.com/search?q=marcellus+shale\" target=\"_blank\" rel=\"noopener\">Marcellus Shale\u003c/a> …\u003c/p>\n\u003cblockquote>\u003cp>New research has concluded that salty, mineral-rich fluids deep beneath Pennsylvania’s natural gas fields are likely seeping upward thousands of feet into drinking water supplies.\u003c/p>\n\u003cp>Though the fluids were natural and not the byproduct of drilling or hydraulic fracturing, the finding further stokes the red-hot controversy over fracking in the Marcellus Shale, suggesting that drilling waste and chemicals could migrate in ways previously thought to be impossible…\u003c/p>\n\u003cp>The study, conducted by scientists at Duke University and California State Polytechnic University at Pomona and released today in the Proceedings of the National Academy of Sciences, tested drinking water wells and aquifers across Northeastern Pennsylvania. Researchers found that, in some cases, the water had mixed with brine that closely matched brine thought to be from the Marcellus Shale or areas close to it.\u003c/p>\n\u003cp>No drilling chemicals were detected in the water, and there was no correlation between where the natural brine was detected and where drilling takes place.\u003c/p>\n\u003cp>Still, the brine’s presence – and the finding that it moved over thousands of vertical feet — contradicts the oft-repeated notion that deeply buried rock layers will always seal in material injected underground through drilling, mining, or underground disposal. \u003ca href=\"http://www.propublica.org/article/new-study-fluids-from-marcellus-shale-likely-seeping-into-pa-drinking-water\" target=\"_blank\" rel=\"noopener\">Full article\u003c/a>\u003c/p>\n\u003cp> \u003c/p>\u003c/blockquote>\n\u003cp>Meanwhile, says KQED Science Senior Editor Craig Miller, the problem with fracking may have less to do with the specific process and more with the fact that it’s enabled more drilling in general …\u003c/p>\n\u003cblockquote>\u003cp>While the term “fracking” makes for great poster plays at demonstrations, it’s just one phase of a well’s development,” he says. “The biggest threat to water quality may be simply the enormous new boom in drilling that fracking techniques (and horizontal drilling) have enabled. Thousands of new wells (and more reworked old wells) mean a lot more “straws” being stuck through underground rock formations. Each of those straws represents a chance that somebody might cut corners on making sure the well is properly sealed off from the surrounding aquifer. It’s the reason that regulators keep harping on ‘well casing management.’ \u003c/p>\n\u003cp>Fracking comes with its own concerns, of course, like seismic risk, air pollution from arrays of diesel generators, and the disposal of huge quantities of waste water back into the ground.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>You can listen to Gore’s \u003ca href=\"http://www.kqed.org/a/forum/R201302121000\" target=\"_blank\" rel=\"noopener\">complete Forum appearance\u003c/a> \u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "NY Times Public Editor on Tesla Model S Controversy: Some Poor Driving Decisions, But Story Written in Good Faith",
"title": "NY Times Public Editor on Tesla Model S Controversy: Some Poor Driving Decisions, But Story Written in Good Faith",
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"content": "\u003cfigure id=\"attachment_89608\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/model-s.jpg\">\u003cimg class=\"size-medium wp-image-89608\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/model-s-300x200.jpg\" alt=\"Tesla Model S\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Tesla Model S\u003c/figcaption>\u003c/figure>\n\u003cp>New York Times public editor Margaret Sullivan, who is charged by the paper with independently investigating matters of its own journalistic integrity, has rendered her verdict in the matter of the now \u003cstrong>\u003ca href=\"http://www.nytimes.com/2013/02/10/automobiles/stalled-on-the-ev-highway.html?ref=automobiles&_r=0\" target=\"_blank\">infamous Tesla test drive\u003c/a>\u003c/strong> by the paper's environmental reporter, John Broder.\u003c/p>\n\u003cp>That account of an ill-fated cold-weather road trip in the company's \u003ca href=\"http://www.teslamotors.com/models\" target=\"_blank\">Model S \u003c/a>electric sedan featured a photo of the vehicle being hauled on the back of a flatbed truck after Broder ran into several charging problems, resulting in a rather unpleasant experience. The article then became the subject of an intense back and forth between Broder and Tesla CEO and Chairman Elon Musk, who accused him of having rigged the drive in order to justify the story he wanted ...\u003c/p>\n\u003cp> \u003c/p>\n\u003cp>https://twitter.com/elonmusk/statuses/301049593385340928\u003c/p>\n\u003cp> \u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Here is the crux of what the \u003cstrong>\u003ca href=\"publiceditor.blogs.nytimes.com/2013/02/18/problems-with-precision-and-judgment-but-not-integrity-in-tesla-test/\" target=\"_blank\">Times' public editor determined\u003c/a>\u003c/strong>, published today:\u003c/p>\n\u003cblockquote>\u003cp>I am convinced that [Broder] took on the test drive in good faith, and told the story as he experienced it.\u003c/p>\n\u003cp>Did he use good judgment along the way? Not especially. In particular, decisions he made at a crucial juncture – when he recharged the Model S in Norwich, Conn., a stop forced by the unexpected loss of charge overnight – were certainly instrumental in this saga’s high-drama ending.\u003c/p>\n\u003cp>In addition, Mr. Broder left himself open to valid criticism by taking what seem to be casual and imprecise notes along the journey, unaware that his every move was being monitored. A little red notebook in the front seat is no match for digitally recorded driving logs, which Mr. Musk has used, in the most damaging (and sometimes quite misleading) ways possible, as he defended his vehicle’s reputation.\u003c/p>\n\u003cp>I could recite chapter and verse of the test drive, the decisions made along the way, the cabin temperature of the car, the cruise control setting and so on. I don’t think that’s useful here.\u003c/p>\n\u003cp>People will go on contesting these points – and insisting that they know what they prove — and that’s understandable. In the matter of the Tesla Model S and its now infamous test drive, there is still plenty to argue about and few conclusions that are unassailable. \u003ca href=\"http://publiceditor.blogs.nytimes.com/2013/02/18/problems-with-precision-and-judgment-but-not-integrity-in-tesla-test/\" target=\"_blank\">Full article \u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->If you're wondering whether the controversy is now over, well ... it just might be. \u003ca href=\"https://twitter.com/elonmusk/statuses/303585941304537090\" target=\"_blank\">Tweeted\u003c/a> today ...\u003c/p>\n\u003cp>https://twitter.com/elonmusk/status/303585941304537090\u003c/p>\n\u003cp>\u003c!--more-->To recount the spat, after the Times published Broder's story, Musk took umbrage both in an \u003ca href=\"http://video.cnbc.com/gallery/?video=3000147472&play=1\" target=\"_blank\">interview on CNBC\u003c/a> and in a \u003ca href=\"http://www.teslamotors.com/blog/most-peculiar-test-drive\" target=\"_blank\">blog post\u003c/a> in which he accused Broder of \"constructing a no-win scenario for any vehicle, electric or gasoline.\" Broder, Musk said, \"simply did not accurately capture what happened and worked very hard to force our car to stop running.\" Musk claimed Tesla's logs of Broder's trip contradicted the reporter's account of the steps he took to keep the car running, and that he acted \"expressly \u003cspan style=\"text-decoration: underline\">against\u003c/span> the advice of Tesla personnel and in obvious violation of common sense\" on the last part of the trip.\u003c/p>\n\u003cp>Musk also claimed that Broder was predisposed to write negatively about the vehicle, as he had displayed in his previous writing an \"outright disdain for electric cars.\"\u003c/p>\n\u003cp>\"When the facts didn’t suit his opinion,\" Musk wrote, \"he simply changed the facts.\"\u003c/p>\n\u003cp>In a \u003ca href=\"http://wheels.blogs.nytimes.com/2013/02/14/that-tesla-data-what-it-says-and-what-it-doesnt\">response\u003c/a>, Broder defended himself by saying, as he did in the original article, that he spoke numerous times during the trip to Tesla personnel in trying to solve the charging problems. He also rebutted or at least addressed point by point Musk's accusation that the car's logs contradicted Broder's account.\u003c/p>\n\u003cp>The Atlantic Wire also took Musk to task in a post analyzing his critique of the reporting. The title: \u003ca href=\"http://www.theatlanticwire.com/technology/2013/02/elon-musks-data-doesnt-back-his-claims-new-york-times-fakery/\" target=\"_blank\">Elon Musk's Data Doesn't Back Up His Claims of New York Times Fakery\u003c/a>. The conclusion:\"Broder may not have used Musk's car the way Musk would like, but Musk is, for now, overhyping his case for a breach of journalism ethics.\"\u003c/p>\n\u003cp>And Mashable's Chris Taylor put up a \u003ca href=\"http://mashable.com/2013/02/15/elon-musk-tesla-the-new-york-times/\" target=\"_blank\">post\u003c/a> on Friday called \"Why This Can't End Well For Tesla.\" Taylor's take:\u003c/p>\n\u003cblockquote>\u003cp>If the Model S only works if you drive below the speed limit between charging stations, if you have to charge it all the way every time, if you need to follow the advice of Tesla PR reps to the letter at every juncture — whether or not the writer did — then it is a car that is asking for a perfect human to operate it.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://finance.yahoo.com/q/hp?s=TSLA+Historical+Prices\" target=\"_blank\">Tesla shares\u003c/a> finished off more than 3 percent today.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Here is the crux of what the \u003cstrong>\u003ca href=\"publiceditor.blogs.nytimes.com/2013/02/18/problems-with-precision-and-judgment-but-not-integrity-in-tesla-test/\" target=\"_blank\">Times' public editor determined\u003c/a>\u003c/strong>, published today:\u003c/p>\n\u003cblockquote>\u003cp>I am convinced that [Broder] took on the test drive in good faith, and told the story as he experienced it.\u003c/p>\n\u003cp>Did he use good judgment along the way? Not especially. In particular, decisions he made at a crucial juncture – when he recharged the Model S in Norwich, Conn., a stop forced by the unexpected loss of charge overnight – were certainly instrumental in this saga’s high-drama ending.\u003c/p>\n\u003cp>In addition, Mr. Broder left himself open to valid criticism by taking what seem to be casual and imprecise notes along the journey, unaware that his every move was being monitored. A little red notebook in the front seat is no match for digitally recorded driving logs, which Mr. Musk has used, in the most damaging (and sometimes quite misleading) ways possible, as he defended his vehicle’s reputation.\u003c/p>\n\u003cp>I could recite chapter and verse of the test drive, the decisions made along the way, the cabin temperature of the car, the cruise control setting and so on. I don’t think that’s useful here.\u003c/p>\n\u003cp>People will go on contesting these points – and insisting that they know what they prove — and that’s understandable. In the matter of the Tesla Model S and its now infamous test drive, there is still plenty to argue about and few conclusions that are unassailable. \u003ca href=\"http://publiceditor.blogs.nytimes.com/2013/02/18/problems-with-precision-and-judgment-but-not-integrity-in-tesla-test/\" target=\"_blank\">Full article \u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->If you're wondering whether the controversy is now over, well ... it just might be. \u003ca href=\"https://twitter.com/elonmusk/statuses/303585941304537090\" target=\"_blank\">Tweeted\u003c/a> today ...\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>\u003c!--more-->To recount the spat, after the Times published Broder's story, Musk took umbrage both in an \u003ca href=\"http://video.cnbc.com/gallery/?video=3000147472&play=1\" target=\"_blank\">interview on CNBC\u003c/a> and in a \u003ca href=\"http://www.teslamotors.com/blog/most-peculiar-test-drive\" target=\"_blank\">blog post\u003c/a> in which he accused Broder of \"constructing a no-win scenario for any vehicle, electric or gasoline.\" Broder, Musk said, \"simply did not accurately capture what happened and worked very hard to force our car to stop running.\" Musk claimed Tesla's logs of Broder's trip contradicted the reporter's account of the steps he took to keep the car running, and that he acted \"expressly \u003cspan style=\"text-decoration: underline\">against\u003c/span> the advice of Tesla personnel and in obvious violation of common sense\" on the last part of the trip.\u003c/p>\n\u003cp>Musk also claimed that Broder was predisposed to write negatively about the vehicle, as he had displayed in his previous writing an \"outright disdain for electric cars.\"\u003c/p>\n\u003cp>\"When the facts didn’t suit his opinion,\" Musk wrote, \"he simply changed the facts.\"\u003c/p>\n\u003cp>In a \u003ca href=\"http://wheels.blogs.nytimes.com/2013/02/14/that-tesla-data-what-it-says-and-what-it-doesnt\">response\u003c/a>, Broder defended himself by saying, as he did in the original article, that he spoke numerous times during the trip to Tesla personnel in trying to solve the charging problems. He also rebutted or at least addressed point by point Musk's accusation that the car's logs contradicted Broder's account.\u003c/p>\n\u003cp>The Atlantic Wire also took Musk to task in a post analyzing his critique of the reporting. The title: \u003ca href=\"http://www.theatlanticwire.com/technology/2013/02/elon-musks-data-doesnt-back-his-claims-new-york-times-fakery/\" target=\"_blank\">Elon Musk's Data Doesn't Back Up His Claims of New York Times Fakery\u003c/a>. The conclusion:\"Broder may not have used Musk's car the way Musk would like, but Musk is, for now, overhyping his case for a breach of journalism ethics.\"\u003c/p>\n\u003cp>And Mashable's Chris Taylor put up a \u003ca href=\"http://mashable.com/2013/02/15/elon-musk-tesla-the-new-york-times/\" target=\"_blank\">post\u003c/a> on Friday called \"Why This Can't End Well For Tesla.\" Taylor's take:\u003c/p>\n\u003cblockquote>\u003cp>If the Model S only works if you drive below the speed limit between charging stations, if you have to charge it all the way every time, if you need to follow the advice of Tesla PR reps to the letter at every juncture — whether or not the writer did — then it is a car that is asking for a perfect human to operate it.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://finance.yahoo.com/q/hp?s=TSLA+Historical+Prices\" target=\"_blank\">Tesla shares\u003c/a> finished off more than 3 percent today.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>The movie is called \u003ca href=\"http://www.imdb.com/title/tt2234155/\" target=\"_blank\">\u003cem>The Internship\u003c/em>\u003c/a> and it's set to be released Jun 7.\u003c/p>\n\u003cp>From \u003ca href=\"http://insidemovies.ew.com/2013/02/13/the-internship-trailer-owen-wilson-and-vince-vaughn-face-occupational-hazards-video/\" target=\"_blank\">Entertainment Weekly\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>The Internship has the duo playing Nick and Billy, a pair of down-on-their-luck salesmen who find themselves out of a job when their company shuts down. Desperate, they apply for and attain internships at Google — only to find themselves competing against a gaggle of brilliant 20-somethings for a handful of full-time positions. The Office‘s B.J. Novak, The Daily Show‘s Aasif Mandvi, and Bridesmaids‘s Rose Byrne co-star; Date Night‘s Shawn Levy directed.\u003c/p>\u003c/blockquote>\n\u003cdiv style=\"text-align: center\">[youtube http://www.youtube.com/watch?v=a8DjuGlVknQ]\u003c/div>\n\u003cp> \u003c/p>\n\u003cp>By the way, here are the real \u003ca href=\"http://www.google.com/jobs/students/tech/internships/\" target=\"_blank\">internships\u003c/a> available at the company.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>A few years ago I wrote a \u003ca href=\"http://economybeat.org/jobs-and-unemployment/google-job-interview-cheat-sheet/\" target=\"_blank\">post\u003c/a> for another public media site about some of the questions Google job candidates get asked in their interviews. Here's one, allegedly asked of prospective software engineers:\u003c/p>\n\u003cblockquote>\u003cp>You need to check that your friend, Bob, has your correct phone number, but you cannot ask him directly. You must write a the question on a card which and give it to Eve who will take the card to Bob and return the answer to you. What must you write on the card, besides the question, to ensure Bob can encode the message so that Eve cannot read your phone number?\u003c/p>\u003c/blockquote>\n\u003cp>And for engineering manager...\u003c/p>\n\u003cblockquote>\u003cp>You’re the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. If fewer than half of the pirates agree with you, you die. How do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive?\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>Please leave your incorrect answers below.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>The movie is called \u003ca href=\"http://www.imdb.com/title/tt2234155/\" target=\"_blank\">\u003cem>The Internship\u003c/em>\u003c/a> and it's set to be released Jun 7.\u003c/p>\n\u003cp>From \u003ca href=\"http://insidemovies.ew.com/2013/02/13/the-internship-trailer-owen-wilson-and-vince-vaughn-face-occupational-hazards-video/\" target=\"_blank\">Entertainment Weekly\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>The Internship has the duo playing Nick and Billy, a pair of down-on-their-luck salesmen who find themselves out of a job when their company shuts down. Desperate, they apply for and attain internships at Google — only to find themselves competing against a gaggle of brilliant 20-somethings for a handful of full-time positions. The Office‘s B.J. Novak, The Daily Show‘s Aasif Mandvi, and Bridesmaids‘s Rose Byrne co-star; Date Night‘s Shawn Levy directed.\u003c/p>\u003c/blockquote>\n\u003cdiv style=\"text-align: center\">\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/a8DjuGlVknQ'\n title='//www.youtube.com/embed/a8DjuGlVknQ'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/div>\n\u003cp> \u003c/p>\n\u003cp>By the way, here are the real \u003ca href=\"http://www.google.com/jobs/students/tech/internships/\" target=\"_blank\">internships\u003c/a> available at the company.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>A few years ago I wrote a \u003ca href=\"http://economybeat.org/jobs-and-unemployment/google-job-interview-cheat-sheet/\" target=\"_blank\">post\u003c/a> for another public media site about some of the questions Google job candidates get asked in their interviews. Here's one, allegedly asked of prospective software engineers:\u003c/p>\n\u003cblockquote>\u003cp>You need to check that your friend, Bob, has your correct phone number, but you cannot ask him directly. You must write a the question on a card which and give it to Eve who will take the card to Bob and return the answer to you. What must you write on the card, besides the question, to ensure Bob can encode the message so that Eve cannot read your phone number?\u003c/p>\u003c/blockquote>\n\u003cp>And for engineering manager...\u003c/p>\n\u003cblockquote>\u003cp>You’re the captain of a pirate ship, and your crew gets to vote on how the gold is divided up. If fewer than half of the pirates agree with you, you die. How do you recommend apportioning the gold in such a way that you get a good share of the booty, but still survive?\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>Please leave your incorrect answers below.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"title": "Apple, Google, Cisco, HP, Oracle Among Silicon Valley Cos. That Avoid Paying Billions in Taxes",
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"content": "\u003cp>\u003cem>By Matt Drange, \u003ca href=\"http://cironline.org/\" target=\"_blank\" rel=\"noopener\">Center for Investigative Reporting\u003c/a>\u003c/em>\u003c/p>\n\u003cp>The largest tech companies in the Bay Area have avoided paying federal taxes on more than $225 billion they have accumulated through foreign subsidiaries, documents filed with the Securities and Exchange Commission show.\u003c/p>\n\u003cp>By sheltering their assets overseas, Silicon Valley companies such as Apple, Google, eBay and Hewlett-Packard are able to reduce their annual taxes in some cases by billions of dollars, according to a Center for Investigative Reporting analysis of the\u003cstrong> \u003c/strong>50 largest firms’ financial statements filed in 2012.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/cash-overseas.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-88894\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/cash-overseas.jpg\" alt=\"cash-overseas\" width=\"550\" height=\"400\">\u003c/a>\u003c/p>\n\u003cp>\u003c!--more-->\u003cbr>\nWidespread tax avoidance by some of California’s most prominent companies has contributed to federal revenue shortfalls as President Barack Obama and Congress consider whether to cut government programs. Some lawmakers say the tax code disproportionately favors powerful companies at the expense of other taxpayers.\u003c/p>\n\u003caside class=\"pullquote alignleft\"> \u003cstrong>Tech firms in particular have very low worldwide rates, and their demands for a more competitive U.S. tax system ring hollow.”\u003c/strong>\n\u003cp>–Edward Kleinbard, former chief of staff congressional Joint Committee on Taxation\u003c/p>\n\u003c/aside>\n\u003cp>“What it demonstrates is that tech firms in particular have very low worldwide rates, and their demands for a more competitive U.S. tax system ring hollow,” said Edward Kleinbard, a tax law professor at the University of Southern California and former chief of staff for the congressional Joint Committee on Taxation. “In fact, the U.S. tax system subsidizes them, and a more neutral tax system would require tech firms to pay substantially more taxes.”\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The U.S. tax code allows companies to reduce their tax burden by accumulating assets overseas, and some of the biggest names in the tech industry have perfected the tactic. Instead of paying the top U.S. corporate tax rate of 35 percent, dozens of Silicon Valley giants maintain global tax rates below 15 percent, the Center for Investigative Reporting’s review of annual financial statements found.\u003c/p>\n\u003cp>Among the 50 firms, 47 reported having assets overseas that were “permanently reinvested,” a designation that allows them to avoid recording the money as taxable U.S. income, thereby deferring payment of federal and state taxes indefinitely. Many companies designate their holdings overseas even though much of the money is invested in the United States.\u003c/p>\n\u003cp>Five companies – Cisco Systems, Apple, Hewlett-Packard, Google and Oracle – accounted for more than two-thirds of the $225 billion in accumulated foreign earnings as of Dec. 31, 2012.\u003c/p>\n\u003cp>Tech companies that relied on foreign income to reduce their taxes include:\u003c/p>\n\u003cul>\n\u003cli>Apple, which reported $40.4 billion in holdings overseas and had an effective global tax rate of 12.6 percent over the past three years\u003c/li>\n\u003cli>eBay, which reported $10 billion overseas and had an effective tax rate of 15.3 percent over the past three years\u003c/li>\n\u003cli>Google, which reported $24.8 billion overseas and had an effective tax rate of 17.6 percent over the past three years\u003c/li>\n\u003cli>Yahoo, which reported $3.2 billion overseas and had an effective tax rate of 17.9 percent over the past three years\u003c/li>\n\u003cli>Cisco, which reported $41.3 billion overseas and had an effective tax rate of 20.9 percent over the past three years\u003c/li>\n\u003c/ul>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Silicon-Valley-Taxes.mp3\" target=\"_blank\" rel=\"noopener\">Audio: Interview with reporter Matt Drange\u003c/a>\u003c/strong>\u003c/aside>\n\u003cp>The companies declined to comment on their offshore holdings or the amount of taxes they paid.\u003cstrong> \u003c/strong>The effective tax rate is based on the Center for Investigative Reporting’s calculation using the firm’s publicly available information; companies are not required to make public how much they paid the Internal Revenue Service.\u003c/p>\n\u003cp>Many of Silicon Valley’s biggest firms will benefit from a two-year extension of a tax provision – included in the January fiscal cliff deal – allowing them to defer taxes on royalties earned by their foreign subsidiaries. The Joint Committee on Taxation estimates this will cost the U.S. government more than $1.5 billion in the next two years.\u003c/p>\n\u003cp>Sen. Carl Levin, D-Mich., chairman of the investigations subcommittee of the Senate Committee on Homeland Security and Governmental Affairs, charged at a hearing in September that U.S. companies have stockpiled $1.7 trillion in earnings overseas, all of which has gone untaxed by the U.S. Treasury.\u003c/p>\n\u003cp>“The bottom line of our investigation is that some multinationals use our current tax system to engage in shams and gimmicks to avoid paying the taxes they owe,” Levin said at the hearing. “It is a system that multinationals have used to shift billions of dollars of profit offshore and avoid billions of dollars in U.S. taxes, to their enormous benefit.”\u003c/p>\n\u003cp>On Feb. 7, Sen. Bernie Sanders, I-Vermont, \u003ca href=\"http://www.sanders.senate.gov/imo/media/doc/TaxHavens-%20BIll.pdf\">introduced a bill\u003c/a> that would eliminate companies’ ability to defer taxes on income deemed permanently reinvested.\u003c/p>\n\u003cp>Levin’s subcommittee is examining Silicon Valley companies that\u003cstrong> \u003c/strong>have become efficient at avoiding taxes in part by transferring money among foreign subsidiaries in countries designated by the U.S. as tax havens.\u003c/p>\n\u003cp>Kimberly Clausing, an economics professor at Reed College in Portland, Ore., estimates that the federal government is losing more than $90 billion in tax revenue annually from U.S. businesses that transfer earnings overseas.\u003c/p>\n\u003cp>That amounts to nearly half the corporate tax paid by all U.S. companies in 2011. It would be enough to fund public schools and higher education in California for more than two years or cover 206 days of military operations in Iraq and Afghanistan\u003cstrong>, \u003c/strong>according to state and federal budget data.\u003c/p>\n\u003cp>For many multinational corporations based in the United States, Clausing said, the top corporate income tax rate of 35 percent is a myth.\u003c/p>\n\u003cp>“I think our system’s stated intention and its actual practice have diverged to a point where it’s bordering on ridiculous,” she said. “If you look at the firms in question, they aren’t paying anywhere near that rate.”\u003c/p>\n\u003cp>Of the 50 largest Bay Area tech companies, 17 estimated the U.S. taxes they owed on overseas earnings. If these companies were taxed on that money today, they would owe the U.S. Treasury $25.9 billion, according to their own estimates. The other companies avoided disclosure by citing an exception that estimating their tax burden was impractical.\u003c/p>\n\u003cp>“It’s a disgrace,” said Kleinbard, the USC professor. “It’s entirely optional whether companies provide U.S. tax estimates on offshore earnings.”\u003c/p>\n\u003cp>Most of the companies analyzed by the Center for Investigative Reporting\u003cstrong> \u003c/strong>support a lobbying effort in Washington for a one-time tax holiday that would allow them to transfer foreign earnings to the United States at rates as low as 5 percent. An industry group, which calls itself the WIN America Campaign, has spent $760,000 on lobbying since it was formed in 2011, federal records show. Its backers include the \u003ca href=\"http://www.svtdg.org/index.html\">Silicon Valley Tax Directors Group\u003c/a>, made up of representatives from dozens of tech companies.\u003c/p>\n\u003cp>A similar amnesty was offered in 2004. A \u003ca href=\"http://www.nber.org/papers/w15023.pdf\">2009 study\u003c/a> by the National Bureau of Economic Research found that 92 percent of the $300 billion that companies transferred to the U.S. under that amnesty ended up with shareholders.\u003c/p>\n\u003cp>Kleinbard said it’s a common misconception that assets held by foreign subsidiaries of U.S. companies remain outside the country. In reality, much of the money is invested here in the form of U.S. Treasury bonds and government-backed securities. The difference, he said, is that the investments go untaxed.\u003c/p>\n\u003cp>“The money is not sitting in a strongbox buried in the sand,” he said.\u003c/p>\n\u003cp>A study of Apple, Google and about two dozen other companies by Levin’s Senate subcommittee in 2011 found that 46 percent of the money the firms held “overseas” actually was invested in U.S. Treasury bonds and other government-backed assets, such as mutual funds and stocks.\u003c/p>\n\u003cp>“The data shows that, in many cases, the funds that corporations identify as being offshore are really onshore,” the report said. “The presence of those funds in the United States undermines the argument that undistributed accumulated foreign earnings are ‘trapped’ abroad, because nearly half of those funds are already located right here in the United States.”\u003c/p>\n\u003cp>\u003cem>This story was edited by Richard C. Paddock and copy edited by Nikki Frick and Christine Lee.\u003c/em>\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003cstrong>\u003cem>The independent, nonprofit Center for Investigative Reporting is the country’s largest investigative reporting team. For more, visit \u003c/em>\u003c/strong>\u003cem>\u003ca href=\"http://www.cironline.org/\">\u003cstrong>www.cironline.org\u003c/strong>\u003c/a>\u003cstrong>. \u003c/strong>\u003c/em>\u003cstrong>\u003cem>Contact the reporter at \u003ca href=\"mailto:mdrange@cironline.org\">mdrange@cironline.org\u003c/a>.\u003c/em>\u003c/strong>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>By Matt Drange, \u003ca href=\"http://cironline.org/\" target=\"_blank\" rel=\"noopener\">Center for Investigative Reporting\u003c/a>\u003c/em>\u003c/p>\n\u003cp>The largest tech companies in the Bay Area have avoided paying federal taxes on more than $225 billion they have accumulated through foreign subsidiaries, documents filed with the Securities and Exchange Commission show.\u003c/p>\n\u003cp>By sheltering their assets overseas, Silicon Valley companies such as Apple, Google, eBay and Hewlett-Packard are able to reduce their annual taxes in some cases by billions of dollars, according to a Center for Investigative Reporting analysis of the\u003cstrong> \u003c/strong>50 largest firms’ financial statements filed in 2012.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/cash-overseas.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-88894\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/cash-overseas.jpg\" alt=\"cash-overseas\" width=\"550\" height=\"400\">\u003c/a>\u003c/p>\n\u003cp>\u003c!--more-->\u003cbr>\nWidespread tax avoidance by some of California’s most prominent companies has contributed to federal revenue shortfalls as President Barack Obama and Congress consider whether to cut government programs. Some lawmakers say the tax code disproportionately favors powerful companies at the expense of other taxpayers.\u003c/p>\n\u003caside class=\"pullquote alignleft\"> \u003cstrong>Tech firms in particular have very low worldwide rates, and their demands for a more competitive U.S. tax system ring hollow.”\u003c/strong>\n\u003cp>–Edward Kleinbard, former chief of staff congressional Joint Committee on Taxation\u003c/p>\n\u003c/aside>\n\u003cp>“What it demonstrates is that tech firms in particular have very low worldwide rates, and their demands for a more competitive U.S. tax system ring hollow,” said Edward Kleinbard, a tax law professor at the University of Southern California and former chief of staff for the congressional Joint Committee on Taxation. “In fact, the U.S. tax system subsidizes them, and a more neutral tax system would require tech firms to pay substantially more taxes.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The U.S. tax code allows companies to reduce their tax burden by accumulating assets overseas, and some of the biggest names in the tech industry have perfected the tactic. Instead of paying the top U.S. corporate tax rate of 35 percent, dozens of Silicon Valley giants maintain global tax rates below 15 percent, the Center for Investigative Reporting’s review of annual financial statements found.\u003c/p>\n\u003cp>Among the 50 firms, 47 reported having assets overseas that were “permanently reinvested,” a designation that allows them to avoid recording the money as taxable U.S. income, thereby deferring payment of federal and state taxes indefinitely. Many companies designate their holdings overseas even though much of the money is invested in the United States.\u003c/p>\n\u003cp>Five companies – Cisco Systems, Apple, Hewlett-Packard, Google and Oracle – accounted for more than two-thirds of the $225 billion in accumulated foreign earnings as of Dec. 31, 2012.\u003c/p>\n\u003cp>Tech companies that relied on foreign income to reduce their taxes include:\u003c/p>\n\u003cul>\n\u003cli>Apple, which reported $40.4 billion in holdings overseas and had an effective global tax rate of 12.6 percent over the past three years\u003c/li>\n\u003cli>eBay, which reported $10 billion overseas and had an effective tax rate of 15.3 percent over the past three years\u003c/li>\n\u003cli>Google, which reported $24.8 billion overseas and had an effective tax rate of 17.6 percent over the past three years\u003c/li>\n\u003cli>Yahoo, which reported $3.2 billion overseas and had an effective tax rate of 17.9 percent over the past three years\u003c/li>\n\u003cli>Cisco, which reported $41.3 billion overseas and had an effective tax rate of 20.9 percent over the past three years\u003c/li>\n\u003c/ul>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Silicon-Valley-Taxes.mp3\" target=\"_blank\" rel=\"noopener\">Audio: Interview with reporter Matt Drange\u003c/a>\u003c/strong>\u003c/aside>\n\u003cp>The companies declined to comment on their offshore holdings or the amount of taxes they paid.\u003cstrong> \u003c/strong>The effective tax rate is based on the Center for Investigative Reporting’s calculation using the firm’s publicly available information; companies are not required to make public how much they paid the Internal Revenue Service.\u003c/p>\n\u003cp>Many of Silicon Valley’s biggest firms will benefit from a two-year extension of a tax provision – included in the January fiscal cliff deal – allowing them to defer taxes on royalties earned by their foreign subsidiaries. The Joint Committee on Taxation estimates this will cost the U.S. government more than $1.5 billion in the next two years.\u003c/p>\n\u003cp>Sen. Carl Levin, D-Mich., chairman of the investigations subcommittee of the Senate Committee on Homeland Security and Governmental Affairs, charged at a hearing in September that U.S. companies have stockpiled $1.7 trillion in earnings overseas, all of which has gone untaxed by the U.S. Treasury.\u003c/p>\n\u003cp>“The bottom line of our investigation is that some multinationals use our current tax system to engage in shams and gimmicks to avoid paying the taxes they owe,” Levin said at the hearing. “It is a system that multinationals have used to shift billions of dollars of profit offshore and avoid billions of dollars in U.S. taxes, to their enormous benefit.”\u003c/p>\n\u003cp>On Feb. 7, Sen. Bernie Sanders, I-Vermont, \u003ca href=\"http://www.sanders.senate.gov/imo/media/doc/TaxHavens-%20BIll.pdf\">introduced a bill\u003c/a> that would eliminate companies’ ability to defer taxes on income deemed permanently reinvested.\u003c/p>\n\u003cp>Levin’s subcommittee is examining Silicon Valley companies that\u003cstrong> \u003c/strong>have become efficient at avoiding taxes in part by transferring money among foreign subsidiaries in countries designated by the U.S. as tax havens.\u003c/p>\n\u003cp>Kimberly Clausing, an economics professor at Reed College in Portland, Ore., estimates that the federal government is losing more than $90 billion in tax revenue annually from U.S. businesses that transfer earnings overseas.\u003c/p>\n\u003cp>That amounts to nearly half the corporate tax paid by all U.S. companies in 2011. It would be enough to fund public schools and higher education in California for more than two years or cover 206 days of military operations in Iraq and Afghanistan\u003cstrong>, \u003c/strong>according to state and federal budget data.\u003c/p>\n\u003cp>For many multinational corporations based in the United States, Clausing said, the top corporate income tax rate of 35 percent is a myth.\u003c/p>\n\u003cp>“I think our system’s stated intention and its actual practice have diverged to a point where it’s bordering on ridiculous,” she said. “If you look at the firms in question, they aren’t paying anywhere near that rate.”\u003c/p>\n\u003cp>Of the 50 largest Bay Area tech companies, 17 estimated the U.S. taxes they owed on overseas earnings. If these companies were taxed on that money today, they would owe the U.S. Treasury $25.9 billion, according to their own estimates. The other companies avoided disclosure by citing an exception that estimating their tax burden was impractical.\u003c/p>\n\u003cp>“It’s a disgrace,” said Kleinbard, the USC professor. “It’s entirely optional whether companies provide U.S. tax estimates on offshore earnings.”\u003c/p>\n\u003cp>Most of the companies analyzed by the Center for Investigative Reporting\u003cstrong> \u003c/strong>support a lobbying effort in Washington for a one-time tax holiday that would allow them to transfer foreign earnings to the United States at rates as low as 5 percent. An industry group, which calls itself the WIN America Campaign, has spent $760,000 on lobbying since it was formed in 2011, federal records show. Its backers include the \u003ca href=\"http://www.svtdg.org/index.html\">Silicon Valley Tax Directors Group\u003c/a>, made up of representatives from dozens of tech companies.\u003c/p>\n\u003cp>A similar amnesty was offered in 2004. A \u003ca href=\"http://www.nber.org/papers/w15023.pdf\">2009 study\u003c/a> by the National Bureau of Economic Research found that 92 percent of the $300 billion that companies transferred to the U.S. under that amnesty ended up with shareholders.\u003c/p>\n\u003cp>Kleinbard said it’s a common misconception that assets held by foreign subsidiaries of U.S. companies remain outside the country. In reality, much of the money is invested here in the form of U.S. Treasury bonds and government-backed securities. The difference, he said, is that the investments go untaxed.\u003c/p>\n\u003cp>“The money is not sitting in a strongbox buried in the sand,” he said.\u003c/p>\n\u003cp>A study of Apple, Google and about two dozen other companies by Levin’s Senate subcommittee in 2011 found that 46 percent of the money the firms held “overseas” actually was invested in U.S. Treasury bonds and other government-backed assets, such as mutual funds and stocks.\u003c/p>\n\u003cp>“The data shows that, in many cases, the funds that corporations identify as being offshore are really onshore,” the report said. “The presence of those funds in the United States undermines the argument that undistributed accumulated foreign earnings are ‘trapped’ abroad, because nearly half of those funds are already located right here in the United States.”\u003c/p>\n\u003cp>\u003cem>This story was edited by Richard C. Paddock and copy edited by Nikki Frick and Christine Lee.\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>\u003cem>The independent, nonprofit Center for Investigative Reporting is the country’s largest investigative reporting team. For more, visit \u003c/em>\u003c/strong>\u003cem>\u003ca href=\"http://www.cironline.org/\">\u003cstrong>www.cironline.org\u003c/strong>\u003c/a>\u003cstrong>. \u003c/strong>\u003c/em>\u003cstrong>\u003cem>Contact the reporter at \u003ca href=\"mailto:mdrange@cironline.org\">mdrange@cironline.org\u003c/a>.\u003c/em>\u003c/strong>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"title": "Which is Better: California or Texas? What the Numbers Say",
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"content": "\u003cp>First, let’s put aside all talk of ten gallon hats vs. tie-dyed T-shirts, of Tex-Mex chili vs. California rolls. There’s just no accounting for taste.\u003c/p>\n\u003cp>And Texas Gov. Rick Perry, probably won’t make his pitch to California businesses on the basis of food, fashion or music when he \u003ca href=\"http://www.mercurynews.com/business/ci_22541097/texas-gov-rick-perry-coming-bay-area-big?source=rss&cid=dlvr.it\">visits next week\u003c/a> in hopes of luring businesses and rich people from the Golden State to the Lone Star State.\u003c/p>\n\u003cp>But the differences between the two states go beyond matters of personal preference. Just about everyone would like to pay lower taxes, send their kids to schools with high test scores, be able to afford a house and health care, breathe clean air and feel safe from crime.\u003c/p>\n\u003cp>In fact, in a radio commercial that ran in California last week, Perry touted Texas’ “low taxes, sensible regulations and fair legal system.”\u003c/p>\n\u003cdiv style=\"text-align: center\">\n\u003cp>[youtube http://www.youtube.com/watch?v=oGTEGfEoEJo]\u003c/p>\n\u003c/div>\n\u003cp>California Gov. Jerry Brown dismissed the campaign as “barely a fart,” according to the \u003ca href=\"http://blogs.sacbee.com/capitolalertlatest/2013/02/jerry-brown-calls-texas-gov-rick-perrys-ad-barely-a-fart.html\">Sacramento Bee\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>But the newspaper went on to \u003ca href=\"http://www.sacbee.com/2013/02/06/5170449/fewer-californians-leaving-state.html\">report\u003c/a> that more Californians move to Texas than go the other direction — about 21,000 more in 2011.\u003c/p>\n\u003cp>So for all the business owners and millionaires among our readers who might be on the verge of joining that migration, we thought we’d offer a quick statistical comparison.\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>Taxes\u003c/strong>\u003c/p>\n\u003cp>Less taxation is Perry’s central claim for Texas, and according to the \u003ca href=\"http://taxfoundation.org/article/state-and-local-tax-burdens-all-states-one-year-1977-2010\">Tax Foundation\u003c/a>, the figures bear out his argument. The foundation says that Californians paid an average of $4,935 in state and local taxes in 2010, while Texans paid $3,205.\u003c/p>\n\u003cp>Dividing total taxes by total income for the whole state, the foundation found that California had the fourth highest “tax burden” in the country, at 11.2 percent while Texas came in 45th with 7.9 percent. If anything the scale is likely to have tipped more in Texas’ favor since the passage of Proposition 30 last year increased taxes in California.\u003c/p>\n\u003cfigure id=\"attachment_88547\" class=\"wp-caption alignleft\" style=\"max-width: 215px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/07/which-is-better-california-or-texas/flag_of_texas-wikimedia/\" rel=\"attachment wp-att-88547\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88547\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Flag_of_Texas-wikimedia.png\" alt=\"Flag of Texas (Wikimedia Commons)\" width=\"215\" height=\"142\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Flag of Texas (Wikimedia Commons)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Income\u003c/strong>\u003c/p>\n\u003cp>Of course, if you make more money, higher taxes might not bother you so much. Californians had a per capita income of $43,919, while Texans made $39,536, using the foundation’s figures. After paying our higher taxes, Californians were left with $38,984 while Texans had $36,331. (These per capita income figures differ from those of the U.S. Census Bureau, but the general ratio is the same.)\u003c/p>\n\u003cp>Which state looks better by income may depend on whether you’re an employer or an employee. Perry, of course, is more interested in the perspective of employers who might like the opportunity of hiring cheap labor.\u003c/p>\n\u003cp>\u003cstrong>Employment\u003c/strong>\u003c/p>\n\u003cp>It might be harder to find employees in Texas, though. Unemployment there is 6.1 percent, compared to 9.8 percent in California, according to the \u003ca href=\"http://www.bls.gov/lau/\">Bureau of Labor Statistics\u003c/a>.\u003c/p>\n\u003cp>\u003cstrong>Education\u003c/strong>\u003c/p>\n\u003cfigure id=\"attachment_88548\" class=\"wp-caption alignright\" style=\"max-width: 225px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/07/which-is-better-california-or-texas/flag_of_california-svg/\" rel=\"attachment wp-att-88548\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88548\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Flag_of_California.svg_.png\" alt=\"Flag of California (Wikimedia Commons)\" width=\"225\" height=\"150\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Flag of California (Wikimedia Commons)\u003c/figcaption>\u003c/figure>\n\u003cp>The quality of the employee matters as well as the availability. In California, according to the \u003ca href=\"http://nces.ed.gov/programs/stateprofiles/sresult.asp?mode=full&displaycat=1&s1=06\">National Center for Education Statistics\u003c/a>, 23 percent of eighth graders scored at or above proficient in math on the National Assessment of Education Progress, compared to 36 percent of Texas eighth graders. For reading, 21 percent of California eighth-graders were at or above proficient compared to 28 percent of Texas eighth graders.\u003c/p>\n\u003cp>On the other hand, Californian colleges and universities awarded 12 degrees or certificates for every thousand people in 2009-2010 and 2010-2011, compared to 9 degrees or certificates per thousand in Texas.\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>\u003c/p>\n\u003cp>There’s no point relocating to another state if your employees can’t find a place to live. According to \u003ca href=\"http://www.trulia.com/\">Trulia.com,\u003c/a> the median sales price of a home in California is $452,000, compared to only $144,900 in Texas.\u003c/p>\n\u003cp>\u003cstrong>Health\u003c/strong>\u003c/p>\n\u003cp>Your employees won’t do you any good if they’re too sick to come to work. It’s hard to come up with an overall statistic for health, but life expectancy at birth might be the closest proxy. The figure is 80.4 years in California and 78.3 years in Texas, according to the \u003ca href=\"http://www.statehealthfacts.org/comparetable.jsp?ind=125&cat=3\">Kaiser Family Foundation\u003c/a>. Healthcare coverage is slightly better in California as well. In Texas, 24 percent of the people are uninsured, compared to 20 percent in California.\u003c/p>\n\u003cp>\u003cstrong>Environment\u003c/strong>\u003c/p>\n\u003cp>The environment plays a role in attracting good employees and keeping them healthy. \u003ca href=\"http://www.forbes.com/2007/10/16/environment-energy-vermont-biz-beltway-cx_bw_mm_1017greenstates_2.html\">Forbes\u003c/a> in 2007 ranked California as the 14th greenest state in the nation, and gave Texas a rank of 34. The publication based its ranking on such factors as energy consumption and pollution.\u003c/p>\n\u003cp>\u003cstrong>Crime\u003c/strong>\u003c/p>\n\u003cp>You’ll want your business safe from crime in its new location. The \u003ca href=\"http://www.census.gov/compendia/statab/2012/tables/12s0308.pdf\">Census Bureau\u003c/a> reported 473.4 violent crimes and 2,728.2 property crimes per 100,000 people in California, compared to 491.4 violent crimes and 4,017.2 property crimes in Texas for the year 2009.\u003c/p>\n\u003cp>\u003cstrong>What Else?\u003c/strong>\u003c/p>\n\u003cp>We could go on, but everyone has different reasons for choosing where to live or locate a business. What factors would you consider in making a move?\u003c/p>\n\u003cp>\u003c/p>\n\u003cp> \u003c/p>\n\n",
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"description": "First, let’s put aside all talk of ten gallon hats vs. tie-dyed T-shirts, of Tex-Mex chili vs. California rolls. There’s just no accounting for taste. And Texas Gov. Rick Perry, probably won’t make his pitch to California businesses on the basis of food, fashion or music when he visits next week in hopes of luring",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>First, let’s put aside all talk of ten gallon hats vs. tie-dyed T-shirts, of Tex-Mex chili vs. California rolls. There’s just no accounting for taste.\u003c/p>\n\u003cp>And Texas Gov. Rick Perry, probably won’t make his pitch to California businesses on the basis of food, fashion or music when he \u003ca href=\"http://www.mercurynews.com/business/ci_22541097/texas-gov-rick-perry-coming-bay-area-big?source=rss&cid=dlvr.it\">visits next week\u003c/a> in hopes of luring businesses and rich people from the Golden State to the Lone Star State.\u003c/p>\n\u003cp>But the differences between the two states go beyond matters of personal preference. Just about everyone would like to pay lower taxes, send their kids to schools with high test scores, be able to afford a house and health care, breathe clean air and feel safe from crime.\u003c/p>\n\u003cp>In fact, in a radio commercial that ran in California last week, Perry touted Texas’ “low taxes, sensible regulations and fair legal system.”\u003c/p>\n\u003cdiv style=\"text-align: center\">\n\u003cp>\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/oGTEGfEoEJo'\n title='//www.youtube.com/embed/oGTEGfEoEJo'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/p>\n\u003c/div>\n\u003cp>California Gov. Jerry Brown dismissed the campaign as “barely a fart,” according to the \u003ca href=\"http://blogs.sacbee.com/capitolalertlatest/2013/02/jerry-brown-calls-texas-gov-rick-perrys-ad-barely-a-fart.html\">Sacramento Bee\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But the newspaper went on to \u003ca href=\"http://www.sacbee.com/2013/02/06/5170449/fewer-californians-leaving-state.html\">report\u003c/a> that more Californians move to Texas than go the other direction — about 21,000 more in 2011.\u003c/p>\n\u003cp>So for all the business owners and millionaires among our readers who might be on the verge of joining that migration, we thought we’d offer a quick statistical comparison.\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>Taxes\u003c/strong>\u003c/p>\n\u003cp>Less taxation is Perry’s central claim for Texas, and according to the \u003ca href=\"http://taxfoundation.org/article/state-and-local-tax-burdens-all-states-one-year-1977-2010\">Tax Foundation\u003c/a>, the figures bear out his argument. The foundation says that Californians paid an average of $4,935 in state and local taxes in 2010, while Texans paid $3,205.\u003c/p>\n\u003cp>Dividing total taxes by total income for the whole state, the foundation found that California had the fourth highest “tax burden” in the country, at 11.2 percent while Texas came in 45th with 7.9 percent. If anything the scale is likely to have tipped more in Texas’ favor since the passage of Proposition 30 last year increased taxes in California.\u003c/p>\n\u003cfigure id=\"attachment_88547\" class=\"wp-caption alignleft\" style=\"max-width: 215px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/07/which-is-better-california-or-texas/flag_of_texas-wikimedia/\" rel=\"attachment wp-att-88547\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88547\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Flag_of_Texas-wikimedia.png\" alt=\"Flag of Texas (Wikimedia Commons)\" width=\"215\" height=\"142\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Flag of Texas (Wikimedia Commons)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Income\u003c/strong>\u003c/p>\n\u003cp>Of course, if you make more money, higher taxes might not bother you so much. Californians had a per capita income of $43,919, while Texans made $39,536, using the foundation’s figures. After paying our higher taxes, Californians were left with $38,984 while Texans had $36,331. (These per capita income figures differ from those of the U.S. Census Bureau, but the general ratio is the same.)\u003c/p>\n\u003cp>Which state looks better by income may depend on whether you’re an employer or an employee. Perry, of course, is more interested in the perspective of employers who might like the opportunity of hiring cheap labor.\u003c/p>\n\u003cp>\u003cstrong>Employment\u003c/strong>\u003c/p>\n\u003cp>It might be harder to find employees in Texas, though. Unemployment there is 6.1 percent, compared to 9.8 percent in California, according to the \u003ca href=\"http://www.bls.gov/lau/\">Bureau of Labor Statistics\u003c/a>.\u003c/p>\n\u003cp>\u003cstrong>Education\u003c/strong>\u003c/p>\n\u003cfigure id=\"attachment_88548\" class=\"wp-caption alignright\" style=\"max-width: 225px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/07/which-is-better-california-or-texas/flag_of_california-svg/\" rel=\"attachment wp-att-88548\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88548\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Flag_of_California.svg_.png\" alt=\"Flag of California (Wikimedia Commons)\" width=\"225\" height=\"150\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Flag of California (Wikimedia Commons)\u003c/figcaption>\u003c/figure>\n\u003cp>The quality of the employee matters as well as the availability. In California, according to the \u003ca href=\"http://nces.ed.gov/programs/stateprofiles/sresult.asp?mode=full&displaycat=1&s1=06\">National Center for Education Statistics\u003c/a>, 23 percent of eighth graders scored at or above proficient in math on the National Assessment of Education Progress, compared to 36 percent of Texas eighth graders. For reading, 21 percent of California eighth-graders were at or above proficient compared to 28 percent of Texas eighth graders.\u003c/p>\n\u003cp>On the other hand, Californian colleges and universities awarded 12 degrees or certificates for every thousand people in 2009-2010 and 2010-2011, compared to 9 degrees or certificates per thousand in Texas.\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>\u003c/p>\n\u003cp>There’s no point relocating to another state if your employees can’t find a place to live. According to \u003ca href=\"http://www.trulia.com/\">Trulia.com,\u003c/a> the median sales price of a home in California is $452,000, compared to only $144,900 in Texas.\u003c/p>\n\u003cp>\u003cstrong>Health\u003c/strong>\u003c/p>\n\u003cp>Your employees won’t do you any good if they’re too sick to come to work. It’s hard to come up with an overall statistic for health, but life expectancy at birth might be the closest proxy. The figure is 80.4 years in California and 78.3 years in Texas, according to the \u003ca href=\"http://www.statehealthfacts.org/comparetable.jsp?ind=125&cat=3\">Kaiser Family Foundation\u003c/a>. Healthcare coverage is slightly better in California as well. In Texas, 24 percent of the people are uninsured, compared to 20 percent in California.\u003c/p>\n\u003cp>\u003cstrong>Environment\u003c/strong>\u003c/p>\n\u003cp>The environment plays a role in attracting good employees and keeping them healthy. \u003ca href=\"http://www.forbes.com/2007/10/16/environment-energy-vermont-biz-beltway-cx_bw_mm_1017greenstates_2.html\">Forbes\u003c/a> in 2007 ranked California as the 14th greenest state in the nation, and gave Texas a rank of 34. The publication based its ranking on such factors as energy consumption and pollution.\u003c/p>\n\u003cp>\u003cstrong>Crime\u003c/strong>\u003c/p>\n\u003cp>You’ll want your business safe from crime in its new location. The \u003ca href=\"http://www.census.gov/compendia/statab/2012/tables/12s0308.pdf\">Census Bureau\u003c/a> reported 473.4 violent crimes and 2,728.2 property crimes per 100,000 people in California, compared to 491.4 violent crimes and 4,017.2 property crimes in Texas for the year 2009.\u003c/p>\n\u003cp>\u003cstrong>What Else?\u003c/strong>\u003c/p>\n\u003cp>We could go on, but everyone has different reasons for choosing where to live or locate a business. What factors would you consider in making a move?\u003c/p>\n\u003cp>\u003c/p>\n\u003cp> \u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "San Francisco Dev Bootcamp Looks to Create Employable Programmers in Just 9 Weeks",
"title": "San Francisco Dev Bootcamp Looks to Create Employable Programmers in Just 9 Weeks",
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"content": "\u003cp>\u003cem>by Sam Harnett\u003c/em>\u003c/p>\n\u003cp>Even from outside on the street I could hear the screams.\u003c/p>\n\u003cp>After braving the morning rush of the financial district, I had arrived to cover the first day of \u003ca href=\"//devbootcamp.com/%E2%80%9D\">Dev Bootcamp\u003c/a>, an intensive web development course held in a nondescript building not too far from Chinatown. That’s where the screams -- well, more like cheers, really -- were coming from.\u003c/p>\n\u003cfigure id=\"attachment_88357\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/06/dev-bootcamp/devbootcamp/\" rel=\"attachment wp-att-88357\">\u003cimg class=\"size-medium wp-image-88357\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/DevBootcamp-300x199.jpg\" alt=\"Photo courtesy Dev Bootcamp\" width=\"300\" height=\"199\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo courtesy Dev Bootcamp\u003c/figcaption>\u003c/figure>\n\u003cp>The program claims to transform, in nine short weeks, normal people into programmers. Price: $12,000. I hoped to be out of there and onto my next assignment before the coding got too heavy and the morning coffee wore off. But the very point of these bootcamps is that no one slips into the background and the energy remains at a constant boil. \u003c/p>\n\u003cp>Thus after my Dev Bootcamp contact caught me slinking away from the 18 cheering participants, he soon had me walking through the rows, slapping their hands. Soon we went into forced mingling and touchy-feely ice breaking. A loud burst of “Gangnam Style” signified it was time to form a circle and engage in intimate AA-style personal introductions. Here I linked arms with the would-be devs and discussed in earnest the most embarrassing moment of my life. \u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>Looking for a new career\u003c/strong>\u003c/p>\n\u003cp>None of the students sitting around the circle resembled the stereotypical programming geek that still sometimes crop up in movies or TV shows. No coke-bottle classes or pallid skin, and not even the remotest sign of anti-social behavior. Even those with a computer science background were witty, enterprising and self-deprecating. Everyone in the circle talked about startups and areas of interest as if at an NGO round table discussion on how to save the world. How could web development reform the justice system? Could it change how we get our food? What about education reform? Linguistic analysis?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>The focus of the camp is to develop basic programming capacity while refining “soft skills” like teamwork and self-reflection\u003c/strong>.\u003c/aside>\n\u003cp>The students come from a broad mix of backgrounds. One is a Spanish ophthalmologist, another a Ph.D student in Japanese literature. A smattering of young college grads are also in the mix. These aren't slackers with dim employment prospects; they’re overachievers, with varying reasons for signing on.\u003c/p>\n\u003cp>\"I wanted to work for a small company doing something that I loved, something that I was interested in,\" said Brayden Cleary. \"With my major, what I learned in college, I didn't have an in at any of those companies – no marketable skills. I am doing this so that I have a fundamental understanding of programming technology ... \"\u003c/p>\n\u003cp>Eno Compton, the Japanese literature Ph.D., said he likes the educational approach. \"As I came close to finishing my doctorate ... it became clear that there is something really wrong with the university system now. To me, Dev Bootcamp is ... this tremendous new beginning for education ... that isn't [biased] towards what kind of degree you have, or did you get good grades. None of that. It's all about really loving something and wanting to learn it.\"\u003c/p>\n\u003cp>These are all bright, determined people, dead set on making the jump to a new career. But can they really become programmers in just nine weeks?\u003c/p>\n\u003cp>\u003cstrong>Beyond just programming chops\u003c/strong>\u003c/p>\n\u003cp>The Dev Bootcamp curriculum centers around \u003ca href=\"//www.google.com/search?q=ruby+on+rails%E2%80%9D\">Ruby on Rails\u003c/a>, a versatile web development language. But as the founder, Shereef Bishay, explains, the language doesn't really matter. The focus of the camp is to develop basic programming capacity while refining “soft skills” like teamwork and self-reflection. That includes sessions on counseling, yoga and something on the F word. It's hard to imagine Bill Gates or Steve Jobs gave these topics much thought as they built their empires. But times have changed.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://techcrunch.com/2012/12/03/dev-bootcamp/\" target=\"_blank\">Dev Bootcamp transforming education\u003c/a> (TechCrunch) \u003c/aside>\n\u003cp>And the truth is, programming itself has changed, too. Computer languages have evolved to be less code-intensive and more intuitive than what self-schooled programmers once punched out on hulking mainframes in the basements of universities, or on astronomically expensive home computers. Programmers who once had to write thousands of lines of code to complete a task can now do the same thing in minutes with Ruby on Rails or Python.\u003c/p>\n\u003cp>These innovations have dropped the technical bar significantly for an entry-level web developer. You still need to have the problem-solving skills of a programmer, but you don't have to memorize massive tomes of language rules or churn out lines of immaculate C++. According to recruiter Lisa Hall, what companies are putting a priority on when they look for developers are motivation, drive, creative thinking, team orientation and learning ability. These qualities, says Hall, are now prized more than pure programming power.\u003c/p>\n\u003cp>Hall works at VonChurch, an agency that specializes in hiring for the digital entertainment industry. She’s currently working with two recent grads from a program similar to Dev Bootcamp based in New York. Neither had any previous experience in programming, but now that they've graduated, tech companies have come calling with offers of a job interview.\u003c/p>\n\u003cp>Hall says companies still need great hardcore programmers with the kind of deep background developed at four-year college computer science programs. But to meet current demand, there just aren't enough of those to go around. So the tech industry is hungry for progammers with even basic qualifications. The rewards can be great. In the Bay Area, the starting salary for an entry-level web development position is roughly $85,000 a year, says both Bishay and Hall.\u003c/p>\n\u003cp>Dev Bootcamp says 16 of the 17 job-seekers who graduated with its first cohort last spring found employment. Twitter and OUYA, a maker of video game consoles, confirmed to me they have hired Dev Bootcamp graduates. Bishay is set to open another school in Chicago, and his classes are booked through June.\u003c/p>\n\u003cp>Bishay says the acceptance rate into the program is about 15 percent, around the same as it is for a prestigious college. But the attributes that will gain you a spot couldn’t be more different. First off, traditional factors factors like grades, prerequisites, and tests matter very little. Applicants only have to plug in some basic information and upload a video of themselves. To make the final cut, Bishay conducts an interview over Skype. He says he is looking basically for “nice people.”\u003c/p>\n\u003cp>Not everyone in the industry is so sanguine about the ability of novices to ramp up so quickly and attain parity with those who have taken a more traditional route.\u003c/p>\n\u003cp>\"There have always been bootcamps in the tech skills business,\" says Scott Melland, CEO of Dice, a tech employment site where job-seekers post profiles and recruiters can search for particular skills. \"The most successful ones have been training programs where they are taking existing tech professionals and updating their skills, or helping those people learn new technology or new programming languages ... The ones that profess to take someone from no familiarity to great skill-sets in a short time, I think you have to look very closely at them before jumping to go and use them.\u003c/p>\n\u003cp>\"I would say that the most successful software developers we see are ones that actually have a broad background, either get a college degree or an engineering degree, and then specialize into various technologies. They’ve shown the ability to learn, and the flexibility and the general understanding.\"\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>It will be interesting to see how the job placement rates for these intense bootcamp programs evolve as more pop up to meet demand. How companies view the programs will depend much on the performance of the first few rounds of graduates. And while they have shown initial success as employable beginners, whether any will find a spot in the next generation of ground-breaking programmers remains to be seen.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>by Sam Harnett\u003c/em>\u003c/p>\n\u003cp>Even from outside on the street I could hear the screams.\u003c/p>\n\u003cp>After braving the morning rush of the financial district, I had arrived to cover the first day of \u003ca href=\"//devbootcamp.com/%E2%80%9D\">Dev Bootcamp\u003c/a>, an intensive web development course held in a nondescript building not too far from Chinatown. That’s where the screams -- well, more like cheers, really -- were coming from.\u003c/p>\n\u003cfigure id=\"attachment_88357\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/06/dev-bootcamp/devbootcamp/\" rel=\"attachment wp-att-88357\">\u003cimg class=\"size-medium wp-image-88357\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/DevBootcamp-300x199.jpg\" alt=\"Photo courtesy Dev Bootcamp\" width=\"300\" height=\"199\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo courtesy Dev Bootcamp\u003c/figcaption>\u003c/figure>\n\u003cp>The program claims to transform, in nine short weeks, normal people into programmers. Price: $12,000. I hoped to be out of there and onto my next assignment before the coding got too heavy and the morning coffee wore off. But the very point of these bootcamps is that no one slips into the background and the energy remains at a constant boil. \u003c/p>\n\u003cp>Thus after my Dev Bootcamp contact caught me slinking away from the 18 cheering participants, he soon had me walking through the rows, slapping their hands. Soon we went into forced mingling and touchy-feely ice breaking. A loud burst of “Gangnam Style” signified it was time to form a circle and engage in intimate AA-style personal introductions. Here I linked arms with the would-be devs and discussed in earnest the most embarrassing moment of my life. \u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Looking for a new career\u003c/strong>\u003c/p>\n\u003cp>None of the students sitting around the circle resembled the stereotypical programming geek that still sometimes crop up in movies or TV shows. No coke-bottle classes or pallid skin, and not even the remotest sign of anti-social behavior. Even those with a computer science background were witty, enterprising and self-deprecating. Everyone in the circle talked about startups and areas of interest as if at an NGO round table discussion on how to save the world. How could web development reform the justice system? Could it change how we get our food? What about education reform? Linguistic analysis?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>The focus of the camp is to develop basic programming capacity while refining “soft skills” like teamwork and self-reflection\u003c/strong>.\u003c/aside>\n\u003cp>The students come from a broad mix of backgrounds. One is a Spanish ophthalmologist, another a Ph.D student in Japanese literature. A smattering of young college grads are also in the mix. These aren't slackers with dim employment prospects; they’re overachievers, with varying reasons for signing on.\u003c/p>\n\u003cp>\"I wanted to work for a small company doing something that I loved, something that I was interested in,\" said Brayden Cleary. \"With my major, what I learned in college, I didn't have an in at any of those companies – no marketable skills. I am doing this so that I have a fundamental understanding of programming technology ... \"\u003c/p>\n\u003cp>Eno Compton, the Japanese literature Ph.D., said he likes the educational approach. \"As I came close to finishing my doctorate ... it became clear that there is something really wrong with the university system now. To me, Dev Bootcamp is ... this tremendous new beginning for education ... that isn't [biased] towards what kind of degree you have, or did you get good grades. None of that. It's all about really loving something and wanting to learn it.\"\u003c/p>\n\u003cp>These are all bright, determined people, dead set on making the jump to a new career. But can they really become programmers in just nine weeks?\u003c/p>\n\u003cp>\u003cstrong>Beyond just programming chops\u003c/strong>\u003c/p>\n\u003cp>The Dev Bootcamp curriculum centers around \u003ca href=\"//www.google.com/search?q=ruby+on+rails%E2%80%9D\">Ruby on Rails\u003c/a>, a versatile web development language. But as the founder, Shereef Bishay, explains, the language doesn't really matter. The focus of the camp is to develop basic programming capacity while refining “soft skills” like teamwork and self-reflection. That includes sessions on counseling, yoga and something on the F word. It's hard to imagine Bill Gates or Steve Jobs gave these topics much thought as they built their empires. But times have changed.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://techcrunch.com/2012/12/03/dev-bootcamp/\" target=\"_blank\">Dev Bootcamp transforming education\u003c/a> (TechCrunch) \u003c/aside>\n\u003cp>And the truth is, programming itself has changed, too. Computer languages have evolved to be less code-intensive and more intuitive than what self-schooled programmers once punched out on hulking mainframes in the basements of universities, or on astronomically expensive home computers. Programmers who once had to write thousands of lines of code to complete a task can now do the same thing in minutes with Ruby on Rails or Python.\u003c/p>\n\u003cp>These innovations have dropped the technical bar significantly for an entry-level web developer. You still need to have the problem-solving skills of a programmer, but you don't have to memorize massive tomes of language rules or churn out lines of immaculate C++. According to recruiter Lisa Hall, what companies are putting a priority on when they look for developers are motivation, drive, creative thinking, team orientation and learning ability. These qualities, says Hall, are now prized more than pure programming power.\u003c/p>\n\u003cp>Hall works at VonChurch, an agency that specializes in hiring for the digital entertainment industry. She’s currently working with two recent grads from a program similar to Dev Bootcamp based in New York. Neither had any previous experience in programming, but now that they've graduated, tech companies have come calling with offers of a job interview.\u003c/p>\n\u003cp>Hall says companies still need great hardcore programmers with the kind of deep background developed at four-year college computer science programs. But to meet current demand, there just aren't enough of those to go around. So the tech industry is hungry for progammers with even basic qualifications. The rewards can be great. In the Bay Area, the starting salary for an entry-level web development position is roughly $85,000 a year, says both Bishay and Hall.\u003c/p>\n\u003cp>Dev Bootcamp says 16 of the 17 job-seekers who graduated with its first cohort last spring found employment. Twitter and OUYA, a maker of video game consoles, confirmed to me they have hired Dev Bootcamp graduates. Bishay is set to open another school in Chicago, and his classes are booked through June.\u003c/p>\n\u003cp>Bishay says the acceptance rate into the program is about 15 percent, around the same as it is for a prestigious college. But the attributes that will gain you a spot couldn’t be more different. First off, traditional factors factors like grades, prerequisites, and tests matter very little. Applicants only have to plug in some basic information and upload a video of themselves. To make the final cut, Bishay conducts an interview over Skype. He says he is looking basically for “nice people.”\u003c/p>\n\u003cp>Not everyone in the industry is so sanguine about the ability of novices to ramp up so quickly and attain parity with those who have taken a more traditional route.\u003c/p>\n\u003cp>\"There have always been bootcamps in the tech skills business,\" says Scott Melland, CEO of Dice, a tech employment site where job-seekers post profiles and recruiters can search for particular skills. \"The most successful ones have been training programs where they are taking existing tech professionals and updating their skills, or helping those people learn new technology or new programming languages ... The ones that profess to take someone from no familiarity to great skill-sets in a short time, I think you have to look very closely at them before jumping to go and use them.\u003c/p>\n\u003cp>\"I would say that the most successful software developers we see are ones that actually have a broad background, either get a college degree or an engineering degree, and then specialize into various technologies. They’ve shown the ability to learn, and the flexibility and the general understanding.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
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"info": "Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. Possible paints an optimistic portrait of the world we can create through science, policy, business, art and our shared humanity. It asks: What if everything goes right for once? How can we get there? Each episode also includes a short fiction story generated by advanced AI GPT-4, serving as a thought-provoking springboard to speculate how humanity could leverage technology for good.",
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"soldout": {
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