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"content": "\u003cp>Think of it like a mushroom. Up near the top, there’s a big, fat cap of Baby Boomers; down below, the stem is struggling to hold up under the weight.\u003c/p>\n\u003cfigure id=\"attachment_88392\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/06/californias-baby-boomers-on-track-to-overwhelm-states-younger-working-adults/ex2/\" rel=\"attachment wp-att-88392\">\u003cimg class=\"size-medium wp-image-88392 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Ex2-300x221.jpg\" alt=\"Ex2\" width=\"300\" height=\"221\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">See those big bars in the middle? See the little bars to the left? (Courtesy USC)\u003c/figcaption>\u003c/figure>\n\u003cp>USC’ Dowell Myers says The Day of Demographic Reckoning has come upon us. We share his thoughts because he's the lead researcher on a recently released report from the University of Southern California and the Lucile Packard Foundation, \"\u003ca href=\"http://www.usc.edu/schools/price/research/popdynamics/pdf/2013_Myers_Californias-Diminishing-Children.pdf\">California's Diminishing Resource: Children\u003c/a>.\" Myers and his team analyzed data from the 2010 census and the American Community Survey to conclude that we're coming up on a rather large problem, economically speaking.\u003c/p>\n\u003cp>“It’s been sneaking up on us gradually, and it has finally arrived,\" Myers told \u003ca href=\"http://www.californiareport.org/archive/R201302060850/b\">The California Report\u003c/a>. \"The oldest Baby Boomer turned 65 last year, and now 18 years of Baby Boomers are going to cross that line.\"\u003c/p>\n\u003cp>In 1970, children made up more than one-third of California's population. By 2030, they're expected to account for just one-fifth. In 1970, California averaged 21 seniors for every 100 working-age adults. By 2030, that ratio is expected to rise to 36 seniors for every 100 working-age adults. \u003c!--more-->Even if all of us with a mind to bear children were to get busy today in a mass effort to add to the population pool, we simply could not populate the state in time to offset the \u003ca href=\"http://www.maniacworld.com/hi-definition-monster-wave.html\">monster wave\u003c/a> of retirees coming our way.\u003c/p>\n\u003cp>Instead, we’re actually having fewer children these days than we did 10 years ago. The state's birthrate fell to 1.94 children per woman in 2010. Replacement level would be 2.1 children.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“Why is that a problem?” you ask, parked in hellacious traffic on the 80 in Berkeley.\u003c/p>\n\u003cp>(Also, let's not forget a smaller population is desirable from an environmental perspective.)\u003c/p>\n\u003cp>Personally, Myers agrees. He would prefer a California population of, oh, around 20 million.\u003c/p>\n\u003cp>“The problem is, the people are already here, the people who are weighing us down, like myself: Baby Boomers. We’re not going away.”\u003c/p>\n\u003cp>The pool of retirees at any given time relies on the pool of working adults to pay the taxes that support the social safety net - and to buy the houses of Baby Boomers planning to finance their retirement in Palm Springs with the proceeds. If there aren’t enough buyers to keep real estate prices stratospheric, Myers says, “It isn’t going to look pretty for anybody.”\u003c/p>\n\u003cp>“Why is that a problem?” I asked him. After all, for Gen X and Yers who can hang on for a few years, a catastrophic drop in real estate prices might prove a real windfall. (Making a calendar note to myself here for 2023: buy home in choice neighborhood.) But then Myers and his cohort wouldn't be able to finance their retirement in Palm Springs. He might show up at my door wanting to move in.\u003c/p>\n\u003cp>You might think we could reasonably expect to offset the demographic gap with in-migration. I have a friend in New Jersey who's thinking of doing it within the next five years. Between Silicon Valley, Hollywood, organic salad greens, shale oil and who knows what New New Economic Driver drives the economy a decade from now, surely we’ll draw enough new talent to come out on top?\u003c/p>\n\u003cp>Not likely, Myers says. It would take an awful lot of people coming here sooner rather than later to offset the dropping birthrate.\u003c/p>\n\u003cfigure id=\"attachment_88391\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/06/californias-baby-boomers-on-track-to-overwhelm-states-younger-working-adults/ex1/\" rel=\"attachment wp-att-88391\">\u003cimg class=\"size-medium wp-image-88391\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Ex1-300x204.jpg\" alt=\"Ex1\" width=\"300\" height=\"204\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The trend lines don't show us growing the population. (Courtesy USC)\u003c/figcaption>\u003c/figure>\n\u003cp>Ixnay on the Baby Bump strategy. Ixnay on the Import Our Workforce strategy. Final pitch: make Baby Boomers keep working. As it is, many Californians are already working in some capacity past 55 or 65 or whatever we used to think of as the Typical Retirement Date. There again, Myers is dour on the aggregate possibilities.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“You can only flex it a little bit,” he says. By 75, most people are ready to throw in the towel, if they haven’t already.\u003c/aside>\n\u003cp>So what does Myers suggest? He recommends we immediately restore our commitment to educating our children as if they were going to be the workforce of the future, as opposed to potential prison inmates. Budget troubles or no, Myers calls the cuts to education in California penny wise and pound foolish.\u003c/p>\n\u003cp>\"The bulk of our workforce, our projections show, are going to be homegrown Californians. We sure better put them all to work at really high capacity.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>That means more Californians need to get college degrees. Myers is \u003ca href=\"http://www.youtube.com/watch?v=Iv5fihvbnh0&list=PL79EE48CBF0B345A8\">not alone\u003c/a> in that assessment. Those who look to the far horizon warn California will require more people with bachelors degrees than we are producing at present. Otherwise, we have a huge group of people in no position to support themselves, let alone anybody else.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Think of it like a mushroom. Up near the top, there’s a big, fat cap of Baby Boomers; down below, the stem is struggling to hold up under the weight.\u003c/p>\n\u003cfigure id=\"attachment_88392\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/06/californias-baby-boomers-on-track-to-overwhelm-states-younger-working-adults/ex2/\" rel=\"attachment wp-att-88392\">\u003cimg class=\"size-medium wp-image-88392 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Ex2-300x221.jpg\" alt=\"Ex2\" width=\"300\" height=\"221\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">See those big bars in the middle? See the little bars to the left? (Courtesy USC)\u003c/figcaption>\u003c/figure>\n\u003cp>USC’ Dowell Myers says The Day of Demographic Reckoning has come upon us. We share his thoughts because he's the lead researcher on a recently released report from the University of Southern California and the Lucile Packard Foundation, \"\u003ca href=\"http://www.usc.edu/schools/price/research/popdynamics/pdf/2013_Myers_Californias-Diminishing-Children.pdf\">California's Diminishing Resource: Children\u003c/a>.\" Myers and his team analyzed data from the 2010 census and the American Community Survey to conclude that we're coming up on a rather large problem, economically speaking.\u003c/p>\n\u003cp>“It’s been sneaking up on us gradually, and it has finally arrived,\" Myers told \u003ca href=\"http://www.californiareport.org/archive/R201302060850/b\">The California Report\u003c/a>. \"The oldest Baby Boomer turned 65 last year, and now 18 years of Baby Boomers are going to cross that line.\"\u003c/p>\n\u003cp>In 1970, children made up more than one-third of California's population. By 2030, they're expected to account for just one-fifth. In 1970, California averaged 21 seniors for every 100 working-age adults. By 2030, that ratio is expected to rise to 36 seniors for every 100 working-age adults. \u003c!--more-->Even if all of us with a mind to bear children were to get busy today in a mass effort to add to the population pool, we simply could not populate the state in time to offset the \u003ca href=\"http://www.maniacworld.com/hi-definition-monster-wave.html\">monster wave\u003c/a> of retirees coming our way.\u003c/p>\n\u003cp>Instead, we’re actually having fewer children these days than we did 10 years ago. The state's birthrate fell to 1.94 children per woman in 2010. Replacement level would be 2.1 children.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“Why is that a problem?” you ask, parked in hellacious traffic on the 80 in Berkeley.\u003c/p>\n\u003cp>(Also, let's not forget a smaller population is desirable from an environmental perspective.)\u003c/p>\n\u003cp>Personally, Myers agrees. He would prefer a California population of, oh, around 20 million.\u003c/p>\n\u003cp>“The problem is, the people are already here, the people who are weighing us down, like myself: Baby Boomers. We’re not going away.”\u003c/p>\n\u003cp>The pool of retirees at any given time relies on the pool of working adults to pay the taxes that support the social safety net - and to buy the houses of Baby Boomers planning to finance their retirement in Palm Springs with the proceeds. If there aren’t enough buyers to keep real estate prices stratospheric, Myers says, “It isn’t going to look pretty for anybody.”\u003c/p>\n\u003cp>“Why is that a problem?” I asked him. After all, for Gen X and Yers who can hang on for a few years, a catastrophic drop in real estate prices might prove a real windfall. (Making a calendar note to myself here for 2023: buy home in choice neighborhood.) But then Myers and his cohort wouldn't be able to finance their retirement in Palm Springs. He might show up at my door wanting to move in.\u003c/p>\n\u003cp>You might think we could reasonably expect to offset the demographic gap with in-migration. I have a friend in New Jersey who's thinking of doing it within the next five years. Between Silicon Valley, Hollywood, organic salad greens, shale oil and who knows what New New Economic Driver drives the economy a decade from now, surely we’ll draw enough new talent to come out on top?\u003c/p>\n\u003cp>Not likely, Myers says. It would take an awful lot of people coming here sooner rather than later to offset the dropping birthrate.\u003c/p>\n\u003cfigure id=\"attachment_88391\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/06/californias-baby-boomers-on-track-to-overwhelm-states-younger-working-adults/ex1/\" rel=\"attachment wp-att-88391\">\u003cimg class=\"size-medium wp-image-88391\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Ex1-300x204.jpg\" alt=\"Ex1\" width=\"300\" height=\"204\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The trend lines don't show us growing the population. (Courtesy USC)\u003c/figcaption>\u003c/figure>\n\u003cp>Ixnay on the Baby Bump strategy. Ixnay on the Import Our Workforce strategy. Final pitch: make Baby Boomers keep working. As it is, many Californians are already working in some capacity past 55 or 65 or whatever we used to think of as the Typical Retirement Date. There again, Myers is dour on the aggregate possibilities.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“You can only flex it a little bit,” he says. By 75, most people are ready to throw in the towel, if they haven’t already.\u003c/aside>\n\u003cp>So what does Myers suggest? He recommends we immediately restore our commitment to educating our children as if they were going to be the workforce of the future, as opposed to potential prison inmates. Budget troubles or no, Myers calls the cuts to education in California penny wise and pound foolish.\u003c/p>\n\u003cp>\"The bulk of our workforce, our projections show, are going to be homegrown Californians. We sure better put them all to work at really high capacity.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>That means more Californians need to get college degrees. Myers is \u003ca href=\"http://www.youtube.com/watch?v=Iv5fihvbnh0&list=PL79EE48CBF0B345A8\">not alone\u003c/a> in that assessment. Those who look to the far horizon warn California will require more people with bachelors degrees than we are producing at present. Otherwise, we have a huge group of people in no position to support themselves, let alone anybody else.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "San Francisco's Zynga Narrows Losses as Game Maker Cuts Costs",
"title": "San Francisco's Zynga Narrows Losses as Game Maker Cuts Costs",
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"content": "\u003cp>\u003cem>by Barbara Ortutay, AP Technology Writer\u003c/em>\u003c/p>\n\u003cp>NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/zynga-by-dan-brekke/\" rel=\"attachment wp-att-84470\">\u003cimg class=\"size-medium wp-image-84470\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>The results exceeded Wall Street's muted expectations and Zynga Inc.'s battered shares increased nearly 5 percent in after-hours trading after the release of the results. After a difficult 2012 in which Zynga saw its stock price decline by 75 percent, CEO Mark Pincus called 2013 a \"pivotal transition year\" for the company as it seeks to cut costs further and broaden revenue sources, especially from mobile games.\u003c/p>\n\u003cp>Zynga went public in December 2011 with a lot of promise. Games such as \"FarmVille\" and \"CityVille\" were popular on Facebook, as the social media company was itself preparing for a highly anticipated initial public offering of stock. \u003c!--more-->But Facebook's stock stumbled, and Zynga's tumbled with it. Demand for Zynga's games weakened, and investors were worried both about Zynga's overreliance on Facebook for its revenue and signs that the two were growing apart. Zynga's stock ended 2012 at $2.36, well below the IPO price of $10. \u003c!--more-->Zynga responded by announcing in October that it was cutting about 5 percent of its full-time workforce of roughly 3,200 employees. The San Francisco company also killed 13 older games and closed development studios in Boston and elsewhere.\u003c/p>\n\u003cp>Those cuts helped.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Zynga said Tuesday that it lost $48.6 million, or 6 cents per share, in the October-December period. That compares with a loss of $435 million, or $1.22 per share, in the same period a year earlier. Zynga began trading publicly on Dec. 16, 2011, and was privately held for most of the 2011 quarter.\u003c/p>\n\u003cp>Zynga's revenue was largely unchanged at about $311 million. But it was well above analysts' average estimate of $250 million, as polled by FactSet.\u003c/p>\n\u003cp>Zynga cut fourth-quarter expenses by two-thirds, to $274 million from $798 million.\u003c/p>\n\u003cp>For the current quarter, Zynga said it expects an adjusted loss of 5 cents to 4 cents per share and revenue of $255 million to $265 million. Analysts were predicting a loss of 1 cent per share and revenue of $268 million.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Shares climbed 13 cents, or 4.7 percent, to $2.87 in after-hours trading after gaining 18 cents to close at $2.74 during the regular session. Zynga's stock has traded from $2.09 to $15.91 in the past 52 weeks.\u003c/p>\n\n",
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"description": "by Barbara Ortutay, AP Technology Writer NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games. The results exceeded Wall Street's muted expectations and Zynga Inc.'s battered",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>by Barbara Ortutay, AP Technology Writer\u003c/em>\u003c/p>\n\u003cp>NEW YORK (AP) — Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games.\u003c/p>\n\u003cfigure id=\"attachment_84470\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/02/zynga-tries-its-hand-at-online-gambling/zynga-by-dan-brekke/\" rel=\"attachment wp-att-84470\">\u003cimg class=\"size-medium wp-image-84470\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Zynga-by-Dan-Brekke-300x234.jpg\" alt=\"Zynga's headquarters (Dan Brekke/KQED)\" width=\"300\" height=\"234\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Zynga's headquarters (Dan Brekke/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>The results exceeded Wall Street's muted expectations and Zynga Inc.'s battered shares increased nearly 5 percent in after-hours trading after the release of the results. After a difficult 2012 in which Zynga saw its stock price decline by 75 percent, CEO Mark Pincus called 2013 a \"pivotal transition year\" for the company as it seeks to cut costs further and broaden revenue sources, especially from mobile games.\u003c/p>\n\u003cp>Zynga went public in December 2011 with a lot of promise. Games such as \"FarmVille\" and \"CityVille\" were popular on Facebook, as the social media company was itself preparing for a highly anticipated initial public offering of stock. \u003c!--more-->But Facebook's stock stumbled, and Zynga's tumbled with it. Demand for Zynga's games weakened, and investors were worried both about Zynga's overreliance on Facebook for its revenue and signs that the two were growing apart. Zynga's stock ended 2012 at $2.36, well below the IPO price of $10. \u003c!--more-->Zynga responded by announcing in October that it was cutting about 5 percent of its full-time workforce of roughly 3,200 employees. The San Francisco company also killed 13 older games and closed development studios in Boston and elsewhere.\u003c/p>\n\u003cp>Those cuts helped.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Zynga said Tuesday that it lost $48.6 million, or 6 cents per share, in the October-December period. That compares with a loss of $435 million, or $1.22 per share, in the same period a year earlier. Zynga began trading publicly on Dec. 16, 2011, and was privately held for most of the 2011 quarter.\u003c/p>\n\u003cp>Zynga's revenue was largely unchanged at about $311 million. But it was well above analysts' average estimate of $250 million, as polled by FactSet.\u003c/p>\n\u003cp>Zynga cut fourth-quarter expenses by two-thirds, to $274 million from $798 million.\u003c/p>\n\u003cp>For the current quarter, Zynga said it expects an adjusted loss of 5 cents to 4 cents per share and revenue of $255 million to $265 million. Analysts were predicting a loss of 1 cent per share and revenue of $268 million.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Shares climbed 13 cents, or 4.7 percent, to $2.87 in after-hours trading after gaining 18 cents to close at $2.74 during the regular session. Zynga's stock has traded from $2.09 to $15.91 in the past 52 weeks.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>California Attorney General Kamala Harris on Tuesday joined the U.S. Justice Department and 12 other states in suing Standard & Poor’s credit rating agency for allegedly inflating its ratings of mortgage-backed securities.\u003c/p>\n\u003cfigure id=\"attachment_88318\" class=\"wp-caption alignright\" style=\"max-width: 335px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/05/calif-attorney-general-sues-standard-poors-over-mortgage-crisis/public-counsels-william-o-douglas-award-dinner-inside-3/\" rel=\"attachment wp-att-88318\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88318 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Kamala-Harris-by-Kevin-Winter-Getty-Images-.jpg\" alt=\"Public Counsel's William O. Douglas Award Dinner - Inside\" width=\"335\" height=\"500\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Kamala Harris (Kevin Winter/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>The suit claims that S&P’s inaccurate ratings caused California’s public pension funds and other investors to lose billions of dollars.\u003c/p>\n\u003cp>“They misrepresented their objectivity and they were inaccurate in the way they measured the rating,” Harris told KQED’s Paul Lancour. “So the lawsuit that we have filed makes claims under a number of theories that includes false claims and the False Claims Act. It is about false advertising, which S&P engaged in, and also about unfair competition.”\u003c/p>\n\u003cp>\u003ca href=\"http://img.en25.com/Web/StandardPoorsRatings/DOJLawsuit.pdf\">In a written statement\u003c/a>, S&P denied inflating ratings and called the lawsuits “meritless.”\u003c/p>\n\u003cp>Investors relied on S&P and its competitors to rate these securities because they had access to only general descriptions of the assets backing their investments, which often included mortgages, Harris charged.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>California’s public pension funds also relied on S&P because they are often required to buy securities that received the coveted “AAA” rating, signaling that the investment was top-tier and bore minimal risk.\u003c/p>\n\u003cp>The lawsuit alleges that, from 2004 to 2007, S&P systematically misrepresented to the public, the California Public Employees Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS), that its ratings of structured finance securities were based on an objective analysis when they were actually influenced by S&P’s economic interests.\u003c!--more-->\u003c/p>\n\u003cp>S&P responds that it reached the same conclusions as other ratings agencies and even the U.S. government:\u003c/p>\n\u003cblockquote>\u003cp>The fact is that S&P’s ratings were based on the same subprime mortgage data available to the rest of the market – including U.S. Government officials who in 2007 publicly stated that problems in the subprime market appeared to be contained. Every CDO [credit default obligation] cited by the Department of Justice also independently received the same rating from another rating agency.\u003c/p>\u003c/blockquote>\n\u003cp>As evidence, Harris quoted emails from S&P executives in which they said their ratings were based on “magic numbers” and “guesses.”\u003c/p>\n\u003cp>In its statement, the ratings agency said the emails were not representative of the discussions it held.\u003c/p>\n\u003cblockquote>\u003cp>There was robust internal debate within S&P about how a rapidly deteriorating housing market might affect the CDOs — and we applied the collective judgment of our committee-based system in good faith. The email excerpts cherry picked by DOJ have been taken out of context, are contradicted by other evidence, and do not reflect our culture, integrity or how we do business.\u003c/p>\u003c/blockquote>\n\u003cp>The complaint also says the company tried to suppress the development of new and more accurate ratings models.\u003c/p>\n\u003cp>In mid-2007, the housing bubble burst. After securities that S&P had deemed the least risky began defaulting, S&P downgraded many residential mortgage backed securities investments. The market collapsed, and of those securities issued in 2007, more than 90 percent were downgraded to junk status.\u003c/p>\n\u003cp>CalPERS and CalSTRS – two of the nation’s largest institutional investors – lost approximately $1 billion, according to the lawsuit.\u003c/p>\n\u003cp>Other lawsuits by the federal government, 12 other states and the District of Columbia allege violations of the federal Financial Institutions Reform, Recovery and Enforcement Act and state unfair competition laws.\u003c/p>\n\u003cp>However, California’s suit is unique because it is being filed not only under California’s unfair competition laws but also under the state’s False Claims Act. This suit includes a claim for triple damages – because when the state makes a purchase based on a false statement, the defendant is responsible for the amount lost times three.\u003c/p>\n\u003cp>The lawsuit arises from a 20-month investigation into the issuance and rating of mortgage-backed securities by Attorney General Harris’s California Mortgage Fraud Strike Force, which she formed in May 2011 to comprehensively investigate misconduct in the mortgage industry. The Attorney General’s additional efforts to investigate the mortgage crisis include securing an estimated $18 billion for California in the National Mortgage Settlement and sponsoring the California Homeowner Bill of Rights, a package of laws instituting permanent mortgage-related reforms.\u003c/p>\n\u003cp style=\"margin: 12px auto 6px auto;font-family: Helvetica,Arial,Sans-serif;font-style: normal;font-variant: normal;font-weight: normal;font-size: 14px;line-height: normal\">\u003ca title=\"View California's official complaint against Standard and Poor's on Scribd\" href=\"http://www.scribd.com/doc/124028453/California-s-official-complaint-against-Standard-Poor-s\">California’s official complaint against Standard & Poor’s\u003c/a>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" src=\"http://www.scribd.com/embeds/124028453/content?start_page=1&view_mode=scroll\" frameborder=\"0\" scrolling=\"no\" width=\"100%\" height=\"600\">\u003c/iframe>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>California Attorney General Kamala Harris on Tuesday joined the U.S. Justice Department and 12 other states in suing Standard & Poor’s credit rating agency for allegedly inflating its ratings of mortgage-backed securities.\u003c/p>\n\u003cfigure id=\"attachment_88318\" class=\"wp-caption alignright\" style=\"max-width: 335px\">\u003ca href=\"http://ww2.kqed.org/news/2013/02/05/calif-attorney-general-sues-standard-poors-over-mortgage-crisis/public-counsels-william-o-douglas-award-dinner-inside-3/\" rel=\"attachment wp-att-88318\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-88318 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/02/Kamala-Harris-by-Kevin-Winter-Getty-Images-.jpg\" alt=\"Public Counsel's William O. Douglas Award Dinner - Inside\" width=\"335\" height=\"500\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Kamala Harris (Kevin Winter/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>The suit claims that S&P’s inaccurate ratings caused California’s public pension funds and other investors to lose billions of dollars.\u003c/p>\n\u003cp>“They misrepresented their objectivity and they were inaccurate in the way they measured the rating,” Harris told KQED’s Paul Lancour. “So the lawsuit that we have filed makes claims under a number of theories that includes false claims and the False Claims Act. It is about false advertising, which S&P engaged in, and also about unfair competition.”\u003c/p>\n\u003cp>\u003ca href=\"http://img.en25.com/Web/StandardPoorsRatings/DOJLawsuit.pdf\">In a written statement\u003c/a>, S&P denied inflating ratings and called the lawsuits “meritless.”\u003c/p>\n\u003cp>Investors relied on S&P and its competitors to rate these securities because they had access to only general descriptions of the assets backing their investments, which often included mortgages, Harris charged.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>California’s public pension funds also relied on S&P because they are often required to buy securities that received the coveted “AAA” rating, signaling that the investment was top-tier and bore minimal risk.\u003c/p>\n\u003cp>The lawsuit alleges that, from 2004 to 2007, S&P systematically misrepresented to the public, the California Public Employees Retirement System (CalPERS) and the California State Teachers Retirement System (CalSTRS), that its ratings of structured finance securities were based on an objective analysis when they were actually influenced by S&P’s economic interests.\u003c!--more-->\u003c/p>\n\u003cp>S&P responds that it reached the same conclusions as other ratings agencies and even the U.S. government:\u003c/p>\n\u003cblockquote>\u003cp>The fact is that S&P’s ratings were based on the same subprime mortgage data available to the rest of the market – including U.S. Government officials who in 2007 publicly stated that problems in the subprime market appeared to be contained. Every CDO [credit default obligation] cited by the Department of Justice also independently received the same rating from another rating agency.\u003c/p>\u003c/blockquote>\n\u003cp>As evidence, Harris quoted emails from S&P executives in which they said their ratings were based on “magic numbers” and “guesses.”\u003c/p>\n\u003cp>In its statement, the ratings agency said the emails were not representative of the discussions it held.\u003c/p>\n\u003cblockquote>\u003cp>There was robust internal debate within S&P about how a rapidly deteriorating housing market might affect the CDOs — and we applied the collective judgment of our committee-based system in good faith. The email excerpts cherry picked by DOJ have been taken out of context, are contradicted by other evidence, and do not reflect our culture, integrity or how we do business.\u003c/p>\u003c/blockquote>\n\u003cp>The complaint also says the company tried to suppress the development of new and more accurate ratings models.\u003c/p>\n\u003cp>In mid-2007, the housing bubble burst. After securities that S&P had deemed the least risky began defaulting, S&P downgraded many residential mortgage backed securities investments. The market collapsed, and of those securities issued in 2007, more than 90 percent were downgraded to junk status.\u003c/p>\n\u003cp>CalPERS and CalSTRS – two of the nation’s largest institutional investors – lost approximately $1 billion, according to the lawsuit.\u003c/p>\n\u003cp>Other lawsuits by the federal government, 12 other states and the District of Columbia allege violations of the federal Financial Institutions Reform, Recovery and Enforcement Act and state unfair competition laws.\u003c/p>\n\u003cp>However, California’s suit is unique because it is being filed not only under California’s unfair competition laws but also under the state’s False Claims Act. This suit includes a claim for triple damages – because when the state makes a purchase based on a false statement, the defendant is responsible for the amount lost times three.\u003c/p>\n\u003cp>The lawsuit arises from a 20-month investigation into the issuance and rating of mortgage-backed securities by Attorney General Harris’s California Mortgage Fraud Strike Force, which she formed in May 2011 to comprehensively investigate misconduct in the mortgage industry. The Attorney General’s additional efforts to investigate the mortgage crisis include securing an estimated $18 billion for California in the National Mortgage Settlement and sponsoring the California Homeowner Bill of Rights, a package of laws instituting permanent mortgage-related reforms.\u003c/p>\n\u003cp style=\"margin: 12px auto 6px auto;font-family: Helvetica,Arial,Sans-serif;font-style: normal;font-variant: normal;font-weight: normal;font-size: 14px;line-height: normal\">\u003ca title=\"View California's official complaint against Standard and Poor's on Scribd\" href=\"http://www.scribd.com/doc/124028453/California-s-official-complaint-against-Standard-Poor-s\">California’s official complaint against Standard & Poor’s\u003c/a>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" src=\"http://www.scribd.com/embeds/124028453/content?start_page=1&view_mode=scroll\" frameborder=\"0\" scrolling=\"no\" width=\"100%\" height=\"600\">\u003c/iframe>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "California's Bond Rating Upgraded by S&P, But Still 2nd Worst in Nation",
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"content": "\u003cp>\u003cem>by Laird Harrison and Jon Brooks\u003c/em>\u003c/p>\n\u003cp>Take that, \u003ca href=\"http://ww2.kqed.org/news/2012/08/08/mitt-romney-compares-california-to-greece-and-hes-not-talking-about-the-sunny-beaches/\" target=\"_blank\">California-fiscal-situation-basher Mitt Romney\u003c/a>.\u003c/p>\n\u003cp>It's not just Gov. Jerry Brown who thinks the state's future looks bright -- or at least brighter. California's improved budget has prompted Standard & Poor to upgrade its rating of the state's long-term debt from A- to A. But don't start pushing for \"We're in the Money\" as the state anthem just yet: despite the upgrade, only Illinois has a \u003ca href=\"http://www.suntimes.com/business/17800327-420/illinois-bond-rating-sinks-to-worst-in-the-nation.html\" target=\"_blank\">worse bond rating\u003c/a> among the states.\u003c/p>\n\u003cp>Says S&P:\u003c/p>\n\u003cblockquote>\u003cp>The upgrades reflect our view of California's improved fiscal condition and cash position, and the state's projections of a structurally balanced budget through at least the next several years. As part of Governor Jerry Brown's recent budget proposal and multiple-year plan, the state would also largely retire its backlog of payment deferrals and internal loans. We view the alignment between revenues and expenditures as much improved and largely a result of policymakers' heightened emphasis on fixing the state's fiscal structure in the past two budgets.\u003c/p>\u003c/blockquote>\n\u003cp>From the \u003ca href=\"http://www.latimes.com/business/money/la-fi-mo-s-p-hikes-californias-bond-rating-20130131,0,7415791.story\">Los Angeles Times\u003c/a> ...\u003c/p>\n\u003cblockquote>\u003cp>The California upgrade is the first by S&P since May 2006, before the severe recession of 2007-09, the state treasurer's office said ...\u003c/p>\n\u003cp>The higher rating should benefit California taxpayers by lowering the state's borrowing costs when it sells bonds this spring, said Lockyer spokesman Tom Dresslar.\u003c/p>\n\u003cp>While S&P cited California for improvements in its finances, the full analysis showed that the state has a long ways to go before it regains the top \"AAA\" rating it last enjoyed in 1986. \u003ca href=\"http://www.latimes.com/business/money/la-fi-mo-s-p-hikes-californias-bond-rating-20130131,0,7415791.story\" target=\"_blank\">Full story\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>S&P offers several caveats to the upbeat outlook, including large liabilities for retirement benefits, the expiration of the temporary tax hikes mandated by Prop 30 in seven years, and this one, which probably has Republicans nodding their heads ....\u003c/p>\n\u003cblockquote>\u003cp>Given that fiscal restraint has been a crucial ingredient to the state's strengthening financial position, we think the budget process itself contains some risk. After implementing significant program cuts in consecutive years, we anticipate there could be political pressure to restore services that would entail higher costs and could undermine the state's nascent fiscal balance.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp style=\"margin: 12px auto 6px auto;font-family: Helvetica,Arial,Sans-serif;font-style: normal;font-variant: normal;font-weight: normal;font-size: 14px;line-height: normal\">\u003ca title=\"View Standard & Poor's Evaluation of California debt on Scribd\" href=\"http://www.scribd.com/doc/123230409/Standard-Poor-s-Evaluation-of-California-debt\">Full report from Standard & Poor's:\u003c/a> \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.scribd.com/embeds/123230409/content?start_page=1&view_mode=scroll\" frameborder=\"0\" scrolling=\"no\" width=\"100%\" height=\"600\">\u003c/iframe>\u003c/p>\n\n",
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"description": "by Laird Harrison and Jon Brooks Take that, California-fiscal-situation-basher Mitt Romney. It's not just Gov. Jerry Brown who thinks the state's future looks bright -- or at least brighter. California's improved budget has prompted Standard & Poor to upgrade its rating of the state's long-term debt from A- to A. But don't start pushing for",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>by Laird Harrison and Jon Brooks\u003c/em>\u003c/p>\n\u003cp>Take that, \u003ca href=\"http://ww2.kqed.org/news/2012/08/08/mitt-romney-compares-california-to-greece-and-hes-not-talking-about-the-sunny-beaches/\" target=\"_blank\">California-fiscal-situation-basher Mitt Romney\u003c/a>.\u003c/p>\n\u003cp>It's not just Gov. Jerry Brown who thinks the state's future looks bright -- or at least brighter. California's improved budget has prompted Standard & Poor to upgrade its rating of the state's long-term debt from A- to A. But don't start pushing for \"We're in the Money\" as the state anthem just yet: despite the upgrade, only Illinois has a \u003ca href=\"http://www.suntimes.com/business/17800327-420/illinois-bond-rating-sinks-to-worst-in-the-nation.html\" target=\"_blank\">worse bond rating\u003c/a> among the states.\u003c/p>\n\u003cp>Says S&P:\u003c/p>\n\u003cblockquote>\u003cp>The upgrades reflect our view of California's improved fiscal condition and cash position, and the state's projections of a structurally balanced budget through at least the next several years. As part of Governor Jerry Brown's recent budget proposal and multiple-year plan, the state would also largely retire its backlog of payment deferrals and internal loans. We view the alignment between revenues and expenditures as much improved and largely a result of policymakers' heightened emphasis on fixing the state's fiscal structure in the past two budgets.\u003c/p>\u003c/blockquote>\n\u003cp>From the \u003ca href=\"http://www.latimes.com/business/money/la-fi-mo-s-p-hikes-californias-bond-rating-20130131,0,7415791.story\">Los Angeles Times\u003c/a> ...\u003c/p>\n\u003cblockquote>\u003cp>The California upgrade is the first by S&P since May 2006, before the severe recession of 2007-09, the state treasurer's office said ...\u003c/p>\n\u003cp>The higher rating should benefit California taxpayers by lowering the state's borrowing costs when it sells bonds this spring, said Lockyer spokesman Tom Dresslar.\u003c/p>\n\u003cp>While S&P cited California for improvements in its finances, the full analysis showed that the state has a long ways to go before it regains the top \"AAA\" rating it last enjoyed in 1986. \u003ca href=\"http://www.latimes.com/business/money/la-fi-mo-s-p-hikes-californias-bond-rating-20130131,0,7415791.story\" target=\"_blank\">Full story\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>S&P offers several caveats to the upbeat outlook, including large liabilities for retirement benefits, the expiration of the temporary tax hikes mandated by Prop 30 in seven years, and this one, which probably has Republicans nodding their heads ....\u003c/p>\n\u003cblockquote>\u003cp>Given that fiscal restraint has been a crucial ingredient to the state's strengthening financial position, we think the budget process itself contains some risk. After implementing significant program cuts in consecutive years, we anticipate there could be political pressure to restore services that would entail higher costs and could undermine the state's nascent fiscal balance.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/2012/05/18/interview-with-a-facebook-skeptic-what-went-wrong-today-and-why/facebook-logo-10/\" rel=\"attachment wp-att-65792\">\u003cimg class=\"alignright size-full wp-image-65792\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4.jpg\" alt=\"facebook-logo\" width=\"186\" height=\"87\">\u003c/a>\u003c/p>\n\u003cp>\u003cstrong>Update\u003c/strong>: Earnings and revenue beat the street. \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\" target=\"_blank\">Shares\u003c/a> are down after hours.\u003c/p>\n\u003cp>Bloomberg is \u003ca href=\"https://twitter.com/BloombergNews\" target=\"_blank\">tweeting\u003c/a> the numbers now.\u003c/p>\n\u003cp>https://twitter.com/BloombergNews/status/296727031704592384\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>https://twitter.com/BloombergNews/status/296727178622689280\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>https://twitter.com/BloombergNews/status/296727938538283008\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>https://twitter.com/BloombergNews/status/296728167689883649\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>https://twitter.com/emilychangtv/status/296728030297088000\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>:\u003c/p>\n\u003cp>Facebook is set to release its 4th quarter earnings after the bell today at 1 p.m. \u003ca href=\"http://finance.yahoo.com/echarts?s=FB+Interactive#symbol=fb;range=5d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;\" target=\"_blank\">Shares\u003c/a> took a little tumble yesterday after enjoying almost a \u003ca href=\"http://finance.yahoo.com/echarts?s=FB+Interactive#symbol=fb;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;\" target=\"_blank\">50 percent runup\u003c/a> since November.\u003c/p>\n\u003cp>\u003ca href=\"http://finance.yahoo.com/q/ae?s=FB+Analyst+Estimates\" target=\"_blank\">Analyst estimates\u003c/a>, from Yahoo! Finance:\u003c/p>\n\u003cul>\n\u003cli>.15 cents a share in earnings\u003c/li>\n\u003cli>1.53 billion in revenue\u003c/li>\n\u003c/ul>\n\u003cp>Business Insider will be \u003ca href=\"http://www.businessinsider.com/live-facebook-earnings-2013-1\" target=\"_blank\">live blogging\u003c/a>. You can check out how the market reacts with a \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\" target=\"_blank\">real-time stock quotes\u003c/a> from Yahoo! Finance. And you can listen to Facebook's\u003ca href=\"http://investor.fb.com/eventdetail.cfm?eventid=123495\" target=\"_blank\"> live conference call\u003c/a> discussing the results at 2 p.m.\u003c/p>\n\u003cp>Bloomberg TV is also covering the report live. \u003ca href=\"http://www.bloomberg.com/tv/\" target=\"_blank\">Watch here\u003c/a>.\u003c/p>\n\u003cp>People seem to be expecting big things from this report. From \u003ca href=\"http://finance.yahoo.com/blogs/breakout/75-rally-facebook-crush-q4-earnings-estimates-142033009.html\" target=\"_blank\">Yahoo! Finance\u003c/a> today:\u003c/p>\n\u003cblockquote>\u003cp>To say expectations are high for Facebook's (FB) fourth quarter earnings results this afternoon would be like saying the social media website has a lot of users. In both cases, the devil is in the details, and investors are hungry to see if they got what they paid for these past few months.\u003c/p>\n\u003cp>\"I expect a big number,\" says Eric Jackson, shareholder and founder of Ironfire Capital, in the attached video. \"I think Facebook probably had a great fourth quarter, it's their biggest quarter of the year.\"\u003c/p>\n\u003cp>But whether big will be big enough to satisfy investors who have seen the stock rise nearly 50% in three months remains to be seen, as Jackson says \"people have been piling in since the end of the monster lock-up in November.\"\u003c/p>\u003c/blockquote>\n\u003cp>And from the \u003ca href=\"http://www.mercurynews.com/business/ci_22475360/facebook-expected-issue-strong-earnings-report\" target=\"_blank\">Mercury News\u003c/a>...\u003c/p>\n\u003cblockquote>\u003cp>Wall Street expects a strong fourth-quarter earnings report from Facebook on Wednesday, amid signs the giant social networking company is feverishly building new products and working to expand its mobile ad business.\u003c/p>\n\u003cp>Investors and financial analysts say they're hoping Facebook's fourth-quarter results will show the impact of new mobile ad campaigns and other initiatives -- including a program that shows ads to Facebook users based on their visits to other websites, and the online retail service known as Facebook Gifts.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>The story on Facebook, which had a disastrous IPO, has changed since its last earnings report, which \u003ca href=\"http://www.nytimes.com/2012/10/24/technology/facebook-revenue-surpasses-forecasts.html\" target=\"_blank\">surpassed expectations\u003c/a>. \u003ca href=\"http://www.nytimes.com/2012/10/24/technology/facebook-revenue-surpasses-forecasts.html\" target=\"_blank\">Not everyone was impressed\u003c/a>, but the market has shown a lot of confidence in the company's potential. One of the big questions has always been around its \u003ca href=\"http://allthingsd.com/20130130/as-facebook-earnings-approaches-questions-on-mobile-still-linger/?refcat=news\" target=\"_blank\">ability to make money from mobile ads\u003c/a>. \u003ca href=\"http://allthingsd.com/20130130/as-facebook-earnings-approaches-questions-on-mobile-still-linger/?refcat=news\" target=\"_blank\">AllThingsD\u003c/a> puts it this way today:\u003c/p>\n\u003cblockquote>\u003cp>It’s round three for Facebook’s quarterly earnings, but all eyes will still be on the same key areas of the company’s business: Social ads, payments and, of course, mobile, mobile, mobile.\u003c/p>\u003c/blockquote>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>:\u003c/p>\n\u003cp>Facebook is set to release its 4th quarter earnings after the bell today at 1 p.m. \u003ca href=\"http://finance.yahoo.com/echarts?s=FB+Interactive#symbol=fb;range=5d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;\" target=\"_blank\">Shares\u003c/a> took a little tumble yesterday after enjoying almost a \u003ca href=\"http://finance.yahoo.com/echarts?s=FB+Interactive#symbol=fb;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;\" target=\"_blank\">50 percent runup\u003c/a> since November.\u003c/p>\n\u003cp>\u003ca href=\"http://finance.yahoo.com/q/ae?s=FB+Analyst+Estimates\" target=\"_blank\">Analyst estimates\u003c/a>, from Yahoo! Finance:\u003c/p>\n\u003cul>\n\u003cli>.15 cents a share in earnings\u003c/li>\n\u003cli>1.53 billion in revenue\u003c/li>\n\u003c/ul>\n\u003cp>Business Insider will be \u003ca href=\"http://www.businessinsider.com/live-facebook-earnings-2013-1\" target=\"_blank\">live blogging\u003c/a>. You can check out how the market reacts with a \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\" target=\"_blank\">real-time stock quotes\u003c/a> from Yahoo! Finance. And you can listen to Facebook's\u003ca href=\"http://investor.fb.com/eventdetail.cfm?eventid=123495\" target=\"_blank\"> live conference call\u003c/a> discussing the results at 2 p.m.\u003c/p>\n\u003cp>Bloomberg TV is also covering the report live. \u003ca href=\"http://www.bloomberg.com/tv/\" target=\"_blank\">Watch here\u003c/a>.\u003c/p>\n\u003cp>People seem to be expecting big things from this report. From \u003ca href=\"http://finance.yahoo.com/blogs/breakout/75-rally-facebook-crush-q4-earnings-estimates-142033009.html\" target=\"_blank\">Yahoo! Finance\u003c/a> today:\u003c/p>\n\u003cblockquote>\u003cp>To say expectations are high for Facebook's (FB) fourth quarter earnings results this afternoon would be like saying the social media website has a lot of users. In both cases, the devil is in the details, and investors are hungry to see if they got what they paid for these past few months.\u003c/p>\n\u003cp>\"I expect a big number,\" says Eric Jackson, shareholder and founder of Ironfire Capital, in the attached video. \"I think Facebook probably had a great fourth quarter, it's their biggest quarter of the year.\"\u003c/p>\n\u003cp>But whether big will be big enough to satisfy investors who have seen the stock rise nearly 50% in three months remains to be seen, as Jackson says \"people have been piling in since the end of the monster lock-up in November.\"\u003c/p>\u003c/blockquote>\n\u003cp>And from the \u003ca href=\"http://www.mercurynews.com/business/ci_22475360/facebook-expected-issue-strong-earnings-report\" target=\"_blank\">Mercury News\u003c/a>...\u003c/p>\n\u003cblockquote>\u003cp>Wall Street expects a strong fourth-quarter earnings report from Facebook on Wednesday, amid signs the giant social networking company is feverishly building new products and working to expand its mobile ad business.\u003c/p>\n\u003cp>Investors and financial analysts say they're hoping Facebook's fourth-quarter results will show the impact of new mobile ad campaigns and other initiatives -- including a program that shows ads to Facebook users based on their visits to other websites, and the online retail service known as Facebook Gifts.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>The story on Facebook, which had a disastrous IPO, has changed since its last earnings report, which \u003ca href=\"http://www.nytimes.com/2012/10/24/technology/facebook-revenue-surpasses-forecasts.html\" target=\"_blank\">surpassed expectations\u003c/a>. \u003ca href=\"http://www.nytimes.com/2012/10/24/technology/facebook-revenue-surpasses-forecasts.html\" target=\"_blank\">Not everyone was impressed\u003c/a>, but the market has shown a lot of confidence in the company's potential. One of the big questions has always been around its \u003ca href=\"http://allthingsd.com/20130130/as-facebook-earnings-approaches-questions-on-mobile-still-linger/?refcat=news\" target=\"_blank\">ability to make money from mobile ads\u003c/a>. \u003ca href=\"http://allthingsd.com/20130130/as-facebook-earnings-approaches-questions-on-mobile-still-linger/?refcat=news\" target=\"_blank\">AllThingsD\u003c/a> puts it this way today:\u003c/p>\n\u003cblockquote>\u003cp>It’s round three for Facebook’s quarterly earnings, but all eyes will still be on the same key areas of the company’s business: Social ads, payments and, of course, mobile, mobile, mobile.\u003c/p>\u003c/blockquote>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>People flush with cash may be thinking of a new car in the new year, but for all-electric auto shoppers, it’s worth checking on the financial health of the manufacturers before buying. Rachael Myrow of KQED’s \u003ca href=\"http://www.californiareport.org/archive/R201301100850/b\">California Report\u003c/a> asked Wall Street Journal auto industry reporter Mike Ramsey about the impact and future of the growing all-electric market. Edited transcript…\u003c/p>\n\u003cfigure id=\"attachment_87069\" class=\"wp-caption alignleft\" style=\"max-width: 350px\">\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 loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-87069 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Tesla-Model-S-and-Roadster-tesla-motors.jpg\" alt=\"Tesla Motors' Model S (right) is the second model it has released. The Roadster (left) was its first. (Tesla Motors)\" width=\"350\" height=\"299\">\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>\u003cstrong>RACHAEL MYROW:\u003c/strong> Give us the lay of the land. What does the all-electric market look like in the U.S. today?\u003c/p>\n\u003cp>\u003cstrong>MIKE RAMSEY:\u003c/strong> \u003ca title=\"http://www.pikeresearch.com/\" href=\"http://www.pikeresearch.com/\">Pike Research\u003c/a>, which is a firm that kind of specializes in alternative transportation research, has come up with basically that there were 54,000 plug-in vehicles sold in the United States last year, out of about 14.5 million total. So you can see it’s a pretty small number.\u003c/p>\n\u003cp>That said, two years earlier there were virtually none sold. So there’s been a huge increase in the number of these vehicles sold, and they’re predicting that next year you might add about 20,000 more. And by 2020, they’ll sell about 370,000 plug-in vehicles in the United States.\u003c/p>\n\u003cp>By then you’re looking at having more than 1 million cars on the roads that are all-electric or partially electric that plug into the wall. While small and not really a huge part of the market, they’re clearly having an impact on the fleet. We’ll get to see if this is something that will be a fad or will truly be something that will take over and be a bigger part of our lives.\u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>RACHAEL MYROW:\u003c/strong> So nobody’s questioning the health of the big boys – Toyota, Nissan and so on – but there’s some question about the stand-alone electric manufacturers, particularly those based in California. You recently reported on \u003ca href=\"https://www.google.com/search?q=fisker\" target=\"_blank\" rel=\"noopener\">Fisker\u003c/a>, which is based in Anaheim.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>MIKE RAMSEY\u003c/strong>:\u003c/strong> Yeah, Fisker is one of these companies that several years ago got started when there was a big upsurge in interest in electric vehicles. And I have to say I think that \u003ca href=\"http://www.teslamotors.com/\" target=\"_blank\" rel=\"noopener\">Tesla Motors\u003c/a> started the revolution of these small companies diving into starting electric vehicle programs, and a lot of that is because there were just simply no offerings from major manufacturers.\u003c/p>\n\u003cp>Tesla, to its credit, came in and said, “We’re going to do this.” They built prototypes, captured the imagination of a lot of people and were able to raise a lot of money. Then comes along Fisker, which is a company that was founded by Henrick Fisker, who was a well-known designer for BMW and Aston Martin.\u003c/p>\n\u003cp>And he designed beautiful vehicles, and he was able to also get a lot of financing from wealthy investors to start a company to make a beautiful plug-in hybrid model. And they were able to secure \u003ca title=\"http://www.whitehouse.gov/files/documents/Battery-and-Electric-Vehicle-Report-FINAL.pdf\" href=\"http://www.whitehouse.gov/files/documents/Battery-and-Electric-Vehicle-Report-FINAL.pdf\">$500 million in U.S. Department of Energy loans\u003c/a> to help finance the creation of a second vehicle called the Atlantic, which was going to be a less expensive sedan, as a follow-up to the current sports car, the Karma, which is on sale now.\u003c/p>\n\u003cp>But the problem that Fisker has had is that they just don’t have the quality, the execution. They rush them to get out, and people who are spending $100,000 on a vehicle do not want to have multiple \u003ca title=\"http://blogs.wsj.com/drivers-seat/2012/08/20/fisker-to-recall-karmas-after-fire/\" href=\"http://blogs.wsj.com/drivers-seat/2012/08/20/fisker-to-recall-karmas-after-fire/\">recalls\u003c/a> and the electronic systems fail. That’s what you get with a startup; you just don’t have the execution ability that a Toyota, a General Motors, a Nissan has.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>RACHAEL MYROW\u003c/strong>:\u003c/strong> Tesla Motors, based in Palo Alto, is pretty tight now with Toyota.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>MIKE RAMSEY\u003c/strong>:\u003c/strong> Toyota, a few years ago under Akio Toyoda, who’s the grandson of the founder, made an investment. He was so taken after visiting with Tesla with what they were doing and how they were doing it. When Toyota made the investment, it was a huge help to Tesla because it gave them credibility in the markets. It also gave them access to some of Toyota’s parts bin, which means they could buy parts at a reduced rate.\u003c/p>\n\u003cp>And it gave them a stream of income because the company was going to be supplying batteries for a Toyota Rav4. So, \u003ca title=\"http://science.kqed.org/quest/2012/02/10/clean-car-diaries-tesla-unveils-and-fisker-stops-production/\" href=\"http://science.kqed.org/quest/2012/02/10/clean-car-diaries-tesla-unveils-and-fisker-stops-production/\">Tesla has done much better than Fisker\u003c/a> in terms of producing cars that seem, so far, in the early days of its execution, to be much better, and they’ve gotten accolades and a lot of affirmation that they might be able to make it. That said, they’ve yet to produce a profit and are probably going to continue to incur losses for some time until they produce more vehicles.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>RACHAEL MYROW\u003c/strong>:\u003c/strong> So is your read of the all-electric sector that the era of romantic businessmen and those who find them appealing is just over?\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>MIKE RAMSEY\u003c/strong>:\u003c/strong> I hate to say over, but I think there are going to be far fewer of these small startups. I don’t know how you break into that unless you have technology that is way beyond what is currently existing. I don’t rule out the possibility that that may happen – someone really has a huge advance in battery technology, and they can come in and do something that others haven’t. But I suspect that you’re not going to see as many of these electric vehicle startups. It’s a unique moment in history that happened and you may not see it again.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>People flush with cash may be thinking of a new car in the new year, but for all-electric auto shoppers, it’s worth checking on the financial health of the manufacturers before buying. Rachael Myrow of KQED’s \u003ca href=\"http://www.californiareport.org/archive/R201301100850/b\">California Report\u003c/a> asked Wall Street Journal auto industry reporter Mike Ramsey about the impact and future of the growing all-electric market. Edited transcript…\u003c/p>\n\u003cfigure id=\"attachment_87069\" class=\"wp-caption alignleft\" style=\"max-width: 350px\">\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 loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-87069 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Tesla-Model-S-and-Roadster-tesla-motors.jpg\" alt=\"Tesla Motors' Model S (right) is the second model it has released. The Roadster (left) was its first. (Tesla Motors)\" width=\"350\" height=\"299\">\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>\u003cstrong>RACHAEL MYROW:\u003c/strong> Give us the lay of the land. What does the all-electric market look like in the U.S. today?\u003c/p>\n\u003cp>\u003cstrong>MIKE RAMSEY:\u003c/strong> \u003ca title=\"http://www.pikeresearch.com/\" href=\"http://www.pikeresearch.com/\">Pike Research\u003c/a>, which is a firm that kind of specializes in alternative transportation research, has come up with basically that there were 54,000 plug-in vehicles sold in the United States last year, out of about 14.5 million total. So you can see it’s a pretty small number.\u003c/p>\n\u003cp>That said, two years earlier there were virtually none sold. So there’s been a huge increase in the number of these vehicles sold, and they’re predicting that next year you might add about 20,000 more. And by 2020, they’ll sell about 370,000 plug-in vehicles in the United States.\u003c/p>\n\u003cp>By then you’re looking at having more than 1 million cars on the roads that are all-electric or partially electric that plug into the wall. While small and not really a huge part of the market, they’re clearly having an impact on the fleet. We’ll get to see if this is something that will be a fad or will truly be something that will take over and be a bigger part of our lives.\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>RACHAEL MYROW:\u003c/strong> So nobody’s questioning the health of the big boys – Toyota, Nissan and so on – but there’s some question about the stand-alone electric manufacturers, particularly those based in California. You recently reported on \u003ca href=\"https://www.google.com/search?q=fisker\" target=\"_blank\" rel=\"noopener\">Fisker\u003c/a>, which is based in Anaheim.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>MIKE RAMSEY\u003c/strong>:\u003c/strong> Yeah, Fisker is one of these companies that several years ago got started when there was a big upsurge in interest in electric vehicles. And I have to say I think that \u003ca href=\"http://www.teslamotors.com/\" target=\"_blank\" rel=\"noopener\">Tesla Motors\u003c/a> started the revolution of these small companies diving into starting electric vehicle programs, and a lot of that is because there were just simply no offerings from major manufacturers.\u003c/p>\n\u003cp>Tesla, to its credit, came in and said, “We’re going to do this.” They built prototypes, captured the imagination of a lot of people and were able to raise a lot of money. Then comes along Fisker, which is a company that was founded by Henrick Fisker, who was a well-known designer for BMW and Aston Martin.\u003c/p>\n\u003cp>And he designed beautiful vehicles, and he was able to also get a lot of financing from wealthy investors to start a company to make a beautiful plug-in hybrid model. And they were able to secure \u003ca title=\"http://www.whitehouse.gov/files/documents/Battery-and-Electric-Vehicle-Report-FINAL.pdf\" href=\"http://www.whitehouse.gov/files/documents/Battery-and-Electric-Vehicle-Report-FINAL.pdf\">$500 million in U.S. Department of Energy loans\u003c/a> to help finance the creation of a second vehicle called the Atlantic, which was going to be a less expensive sedan, as a follow-up to the current sports car, the Karma, which is on sale now.\u003c/p>\n\u003cp>But the problem that Fisker has had is that they just don’t have the quality, the execution. They rush them to get out, and people who are spending $100,000 on a vehicle do not want to have multiple \u003ca title=\"http://blogs.wsj.com/drivers-seat/2012/08/20/fisker-to-recall-karmas-after-fire/\" href=\"http://blogs.wsj.com/drivers-seat/2012/08/20/fisker-to-recall-karmas-after-fire/\">recalls\u003c/a> and the electronic systems fail. That’s what you get with a startup; you just don’t have the execution ability that a Toyota, a General Motors, a Nissan has.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>RACHAEL MYROW\u003c/strong>:\u003c/strong> Tesla Motors, based in Palo Alto, is pretty tight now with Toyota.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>MIKE RAMSEY\u003c/strong>:\u003c/strong> Toyota, a few years ago under Akio Toyoda, who’s the grandson of the founder, made an investment. He was so taken after visiting with Tesla with what they were doing and how they were doing it. When Toyota made the investment, it was a huge help to Tesla because it gave them credibility in the markets. It also gave them access to some of Toyota’s parts bin, which means they could buy parts at a reduced rate.\u003c/p>\n\u003cp>And it gave them a stream of income because the company was going to be supplying batteries for a Toyota Rav4. So, \u003ca title=\"http://science.kqed.org/quest/2012/02/10/clean-car-diaries-tesla-unveils-and-fisker-stops-production/\" href=\"http://science.kqed.org/quest/2012/02/10/clean-car-diaries-tesla-unveils-and-fisker-stops-production/\">Tesla has done much better than Fisker\u003c/a> in terms of producing cars that seem, so far, in the early days of its execution, to be much better, and they’ve gotten accolades and a lot of affirmation that they might be able to make it. That said, they’ve yet to produce a profit and are probably going to continue to incur losses for some time until they produce more vehicles.\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>RACHAEL MYROW\u003c/strong>:\u003c/strong> So is your read of the all-electric sector that the era of romantic businessmen and those who find them appealing is just over?\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>\u003cstrong>MIKE RAMSEY\u003c/strong>:\u003c/strong> I hate to say over, but I think there are going to be far fewer of these small startups. I don’t know how you break into that unless you have technology that is way beyond what is currently existing. I don’t rule out the possibility that that may happen – someone really has a huge advance in battery technology, and they can come in and do something that others haven’t. But I suspect that you’re not going to see as many of these electric vehicle startups. It’s a unique moment in history that happened and you may not see it again.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Apple Profit Surge Halted",
"title": "Apple Profit Surge Halted",
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"content": "\u003cp>NEW YORK (AP) — Apple's profit surge halted in the latest quarter, as a flood of new products like the iPhone 5 meant high start-up costs for new production lines.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo.jpg\">\u003cimg class=\"alignleft size-full wp-image-58693\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo.jpg\" alt=\"applelogo\" width=\"209\" height=\"117\">\u003c/a>Apple posted net income for the October to December quarter that was flat with the year before. It was the first time in years that Apple didn't post a double-digit earnings increase.\u003c/p>\n\u003cp>The report also made clear that Apple is no longer able to sustain the breakneck sales increases of the last three years, even with a fresh iPhone on store shelves. Apple shares fell $31.70, or 6.2 percent, to $482.31, in extended trading, after the release of the results.\u003c/p>\n\u003cp>Net income in the fiscal first quarter was $13.1 billion, or $13.81 per share. That still beat expectations, as analysts polled by FactSet had forecast earnings of $13.48 per share.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://events.apple.com.edgesuite.net/13pijnewvpihjbhvb01/event/index.html\" target=\"_blank\">\u003cstrong>Listen to Apple's earnings conference call\u003c/strong>\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=aapl&ql=1\" target=\"_blank\">AAPL realtime stock quote\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>Revenue was $54.5 billion, up 18 percent from a year ago. Analysts were expecting $55 billion.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"The revenue number is dismal as far as what the expectations were,\" said Jeff Sica president and chief investment officer of SICA Wealth Management. But he added that while it's an \"incredible number\" on its own, Apple has \"fallen victim to the curse of high expectations.\" \u003c!--more-->\u003c/p>\n\u003caside class=\"pullquote alignleft\">Reaction...\n\u003cul>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/apple-q1-earnings-2013-1\" target=\"_blank\">Apple Whiffs\u003c/a> (Business Insider)\u003c/li>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/SB10001424127887324539304578260222730515836.html\">Apple Earnings Disappoint\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\u003ca href=\"http://www.mercurynews.com/business/ci_22434730/apple-reports-record-earnings-but-disappoints-wall-street\" target=\"_blank\">Apple reports record earnings but disappoints Wall Street\u003c/a> (SJ Mercury News)\u003c/li>\n\u003cli>\u003ca href=\"http://money.cnn.com/2013/01/23/technology/apple-earnings/\" target=\"_blank\">Apple sells 48 million iPhones, but profit squeezed\u003c/a> (CNN Money)\u003c/li>\n\u003cli>\u003ca href=\"http://www.chicagotribune.com/business/sns-rt-us-apple-earnings-optionsbre90m19h-20130123,0,3393989.story\" target=\"_blank\">Options Market Sees Big Move in Apple Shares\u003c/a> (Reuters)\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>Apple shipped 47.8 million iPhones in the quarter, about 1 million less than analysts were expecting, and 22.9 million iPads, also about 1 million short.\u003c/p>\n\u003cp>Looking ahead, Apple said it expects sales of between $41 billion and $43 billion in the current quarter, which ends in March.\u003c/p>\n\u003cp>Apple routinely lowballs its forecasts, but the outlook will likely prompt analysts to lower their own expectations, which were at $45.6 billion.\u003c/p>\n\u003cp>Apple's report comes as investors show concern that the company's rocket-like growth may stall as consumers purchase a growing number of cheaper smartphones from competitors such as Samsung. Apple's stock has plunged 27 percent from its all-time high in September. Last week, the stock fell below $500 for the first time in 11 months. There's speculation that the company will produce a cheaper iPhone, but that would cut into its stunning profits, which are the whole reason it's become the world's most valuable company.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Apple had warned that the holiday quarter's profits would be lower than Wall Street was initially expecting, because it had so many new products coming out, including the iPhone 5 and iPad Mini. New production lines are more expensive to run and yield more defective products that need to be redone or thrown out rather than sold.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>NEW YORK (AP) — Apple's profit surge halted in the latest quarter, as a flood of new products like the iPhone 5 meant high start-up costs for new production lines.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo.jpg\">\u003cimg class=\"alignleft size-full wp-image-58693\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo.jpg\" alt=\"applelogo\" width=\"209\" height=\"117\">\u003c/a>Apple posted net income for the October to December quarter that was flat with the year before. It was the first time in years that Apple didn't post a double-digit earnings increase.\u003c/p>\n\u003cp>The report also made clear that Apple is no longer able to sustain the breakneck sales increases of the last three years, even with a fresh iPhone on store shelves. Apple shares fell $31.70, or 6.2 percent, to $482.31, in extended trading, after the release of the results.\u003c/p>\n\u003cp>Net income in the fiscal first quarter was $13.1 billion, or $13.81 per share. That still beat expectations, as analysts polled by FactSet had forecast earnings of $13.48 per share.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://events.apple.com.edgesuite.net/13pijnewvpihjbhvb01/event/index.html\" target=\"_blank\">\u003cstrong>Listen to Apple's earnings conference call\u003c/strong>\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=aapl&ql=1\" target=\"_blank\">AAPL realtime stock quote\u003c/a>\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>Revenue was $54.5 billion, up 18 percent from a year ago. Analysts were expecting $55 billion.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"The revenue number is dismal as far as what the expectations were,\" said Jeff Sica president and chief investment officer of SICA Wealth Management. But he added that while it's an \"incredible number\" on its own, Apple has \"fallen victim to the curse of high expectations.\" \u003c!--more-->\u003c/p>\n\u003caside class=\"pullquote alignleft\">Reaction...\n\u003cul>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/apple-q1-earnings-2013-1\" target=\"_blank\">Apple Whiffs\u003c/a> (Business Insider)\u003c/li>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/SB10001424127887324539304578260222730515836.html\">Apple Earnings Disappoint\u003c/a> (Wall Street Journal)\u003c/li>\n\u003cli>\u003ca href=\"http://www.mercurynews.com/business/ci_22434730/apple-reports-record-earnings-but-disappoints-wall-street\" target=\"_blank\">Apple reports record earnings but disappoints Wall Street\u003c/a> (SJ Mercury News)\u003c/li>\n\u003cli>\u003ca href=\"http://money.cnn.com/2013/01/23/technology/apple-earnings/\" target=\"_blank\">Apple sells 48 million iPhones, but profit squeezed\u003c/a> (CNN Money)\u003c/li>\n\u003cli>\u003ca href=\"http://www.chicagotribune.com/business/sns-rt-us-apple-earnings-optionsbre90m19h-20130123,0,3393989.story\" target=\"_blank\">Options Market Sees Big Move in Apple Shares\u003c/a> (Reuters)\u003c/li>\n\u003c/ul>\n\u003c/aside>\n\u003cp>Apple shipped 47.8 million iPhones in the quarter, about 1 million less than analysts were expecting, and 22.9 million iPads, also about 1 million short.\u003c/p>\n\u003cp>Looking ahead, Apple said it expects sales of between $41 billion and $43 billion in the current quarter, which ends in March.\u003c/p>\n\u003cp>Apple routinely lowballs its forecasts, but the outlook will likely prompt analysts to lower their own expectations, which were at $45.6 billion.\u003c/p>\n\u003cp>Apple's report comes as investors show concern that the company's rocket-like growth may stall as consumers purchase a growing number of cheaper smartphones from competitors such as Samsung. Apple's stock has plunged 27 percent from its all-time high in September. Last week, the stock fell below $500 for the first time in 11 months. There's speculation that the company will produce a cheaper iPhone, but that would cut into its stunning profits, which are the whole reason it's become the world's most valuable company.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Apple had warned that the holiday quarter's profits would be lower than Wall Street was initially expecting, because it had so many new products coming out, including the iPhone 5 and iPad Mini. New production lines are more expensive to run and yield more defective products that need to be redone or thrown out rather than sold.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "San Francisco's Adobe Books: An Appreciation",
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"content": "\u003cp>In 1990, I bought \u003cem>1984\u003c/em> at Adobe Books, and I don’t think a three-day period has gone by since that I haven’t thought about that novel. I've actually picked up a lot of great books at Adobe over the years, but substantially fewer the last five or six.\u003c/p>\n\u003cfigure id=\"attachment_86353\" class=\"wp-caption alignleft\" style=\"max-width: 200px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Adobe_Again-13.jpg\">\u003cimg class=\"size-medium wp-image-86353\" title=\"Adobe_Again-13\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Adobe_Again-13-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Adobe bookstore owner Andrew McKinley (Deborah Svoboda/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>A job, a kid. Amazon.\u003c/p>\n\u003cp>HBO.\u003c/p>\n\u003cp>You know.\u003c/p>\n\u003cp>That's the core of the problem for Adobe, the not-buying-books thing. For almost 25 years, it’s stood on 16th Street off Valencia in San Francisco as a repository of the printed word, holding steady in a part of the city still called the Mission but which is beginning to look a little like Tribeca with taquerias. Now Adobe is facing a 50 percent or so rent hike that owner Andrew McKinley says he can’t pay. So the bookstore’s \u003ca href=\"http://www.facebook.com/pages/Adobe-Books/111859948834325\" target=\"_blank\" rel=\"noopener noreferrer\">supporters\u003c/a> are trying to turn it into a collective, with a soon to-be-launched \u003ca href=\"http://www.indiegogo.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Indiegogo\u003c/a> campaign. McKinley very much wants the co-op effort to succeed, even though he would no longer be running the show. In regard to this, he is philosophical though not particularly happy.\u003c/p>\n\u003cp>\"There’s a possibility the store will turn into a cooperative,\" he told me. \"It will be a different store if that happens, with a new business model: new books, remaindered books, T-shirts, artwork.”\u003c/p>\n\u003cp>He finds his predicament ironic.\u003c/p>\n\u003cp>“I was always waiting for things to get better in the neighborhood, because it was sketchy when I opened. But now it’s funny to be pushed out by economic forces. We never expected this, but in retrospect we had 25 good years. They’ve been the best years of my life.\" \u003c!--more-->Last Wednesday night, Adobe fans gathered to drum up support for the transformation of the store and listen to local authors \u003ca href=\"http://therumpus.net/sections/blogs/stephen-elliott-blogs/\" target=\"_blank\" rel=\"noopener noreferrer\">Stephen Elliott\u003c/a>, \u003ca href=\"http://www.rebeccasolnit.com/infinitecity\" target=\"_blank\" rel=\"noopener noreferrer\">Rebecca Solnit\u003c/a>, and \u003ca href=\"http://www.facebook.com/michelle.tea.12\" target=\"_blank\" rel=\"noopener noreferrer\">Michelle Tea\u003c/a> give readings related to the place and talk about how much they love it.\u003c/p>\n\u003cp>Adobe looked spiffed up for the event. Not the most practical place to browse in terms of physical access: The shelves, which have the excessively worn look of the starter furniture you threw out when you got your first real job, are usually and literally overflowing with books that crowd already-narrow aisles. It's not a masterpiece of \u003cem>feng shui -- \u003c/em> more like \u003cem>Das Boot\u003c/em> with a Fiction section. And I wouldn't say the most careful attention has been paid to the categorization scheme. You're as likely to find a pile of paperback thrillers sitting atop a space ostensibly devoted to, say, European history, as you are to find them in their native section.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>Start stocking up on memories of what used to be.\u003c/strong>--Rebecca Solnit\n\u003c/aside>\n\u003cp>But Adobe never did give the impression it was overly interested in maximizing commerce. It's a definite take-it-or-leave-it type enterprise. At one point, the books were organized by color, the perfect arrangement for those in the mood to read something with a red cover. Then there are the people who regularly hang out on the couches in the middle of the store, snoring or mumbling to no one in particular. Encountering these folks can lead to the momentary impression you’ve stumbled upon break time at a particularly ineffective AA meeting. While a lot of business owners will do whatever they can to ward off the homeless or the overtly destitute, the bar for admittance at Adobe in terms of ability to actually pay for something is non-existent.\u003c/p>\n\u003cp>\"We’ve always enjoyed having all types of people,\" McKinley said. \"It’s one of the most diverse neighborhoods, probably in America. The mix of young and old, rich and poor, homeless and yupster. We’ve been very proud of that. We like to be all-welcoming. We cherish bohemians, and some of the best bohemians are the most down-and-out people. But we could use more wealthy customers at this point.\"\u003c/p>\n\u003cp>By all public accounts, and many private ones too, McKinley is a proprietor to admire. I don’t know him personally, but he did give me three dollars in trade once for a Françoise Sagan novel, turning it over in his hands before we sealed the deal.\u003c/p>\n\u003cp>\"Françoise Sagan,\" he had said, downright wistful. \"I wish I could offer you more.\"\u003c/p>\n\u003cp>It stuck in my mind, I guess, because it was the first and only time I’ve ever heard that particular sentiment coming from someone who actually meant it. And also because it seemed to pack into one pregnant exchange so many unpleasant developments for the bookstore lover of today. \"I wish I could offer you more,” might as well have been, \"It’s really too bad people don't buy these things like they used to.\" With the subtext that as far as an appreciation of Françoise Sagan goes, well, that and $3.50 will buy you a local latte.\u003c/p>\n\u003cp>David Solnit, Rebecca's brother, was at the reading. \"His primary logic is not trying to make a buck,\" he said of McKinley. \"It’s harder and harder to find spaces where you can do that in San Francisco.\"\u003c/p>\n\u003cp>Actually, I have always wondered how a places like Adobe do make a buck, even when they made more of them. Some of these tomes look like they’ve been sent straight from central casting to populate a cultural institution that has turned a blind eye to mass tastes. \u003cem>New Looks at Italian Opera\u003c/em>, \u003cem>The Secret Diary of Harold Ickes\u003c/em>, \u003cem>Listening to Catnip\u003c/em>. I assume the \u003cem>Harry Potter\u003c/em> books are somewhere, but there were about a hundred people in the store Wednesday, creating too many cul de sacs to look for much that wasn't already staring you in the face. Gloomy types may experience a small wave of depression from perusing titles like \u003cem>Birds of the Great Basin\u003c/em> and \u003cem>The Year of the Kangaroo\u003c/em>. Someone once labored long and hard over \u003cem>The Year of the Kangaroo\u003c/em>. But who will read it now?\u003c/p>\n\u003cp>Or know it even exists if Adobe bites the dust?\u003c/p>\n\u003cp>Still, waiting somewhere among the warren of shelves, you can usually find something up your alley. For that and other reasons, the Adobe community is upset and forlorn about the constellation of circumstances that have conspired to put the bookstore in jeopardy.\u003c/p>\n\u003cp>It should probably be said around now that not everyone feels the same way -- I know plenty of people who not only like what's happening in the neighborhood, but who don't particularly rue the fact that one day Steve Guttenberg may be remembered more than Johannes Gutenberg. But at Adobe on Wednesday, there was a surplus of clarity among the faithful: They don't like e-readers, they don't like Amazon, and they don't like the \u003ca href=\"http://www.sfgate.com/restaurants/article/Freeze-sought-on-Valencia-Street-restaurants-4122936.php\" target=\"_blank\" rel=\"noopener noreferrer\">dozens of upscale new restaurants\u003c/a> and stores that have changed the character of the neighborhood.\u003c/p>\n\u003cp>\"It's like a mall,\" said longtime Adobe patron Wade, of the new and improved area now often referred to as Valencia Corridor.\u003c/p>\n\u003cp>Alex, 20-something, has eschewed electronic reading. \"It’s the aesthetic experience of a book. I love a book with a beautiful cover; I love the way a book smells; I love the weight of a book. All books look the same on a reader. I want character, I want history, I want the inscriptions of people who owned the book before me.”\u003c/p>\n\u003cp>\"They're trying to convince us that books are obsolete,\" said Rebecca Solnit. \"But I challenge you to show me an app that’s going to last 200 years, and it’s just as readable as it was in 1789.\"\u003c/p>\n\u003cp>Maybe so. But let's face it: It's not the handwriting on the wall troubling the bookstores of San Francisco, it's the \u003ca href=\"http://www.bloomberg.com/news/2011-05-19/amazon-com-says-kindle-electronic-book-sales-surpass-printed-format.html\" target=\"_blank\" rel=\"noopener noreferrer\">pixels\u003c/a>. A friend of mine in her 20s who came to the event confessed she has bought, over the past several years exactly one printed volume. \u003cem>One.\u003c/em> Everything else has been purchased electronically in the comfort of her own home -- or wherever else she happened to be when she got the itch to read something new.\u003c/p>\n\u003cp>“This has happened to many bookstores,\" said Andrew McKinley. \"If you’d been in San Francisco 30 years ago, there were 40 or 50 used bookstores. Now there might be five or six.\"\u003c/p>\n\u003cp>There are actually a \u003ca href=\"http://www.yelp.com/search?find_desc=used+bookstore&find_loc=San+Francisco%2C+CA\" target=\"_blank\" rel=\"noopener noreferrer\">few more than that\u003c/a>, but the \u003ca href=\"http://sfappeal.com/news/2011/02/two-sf-borders-bookstores-closing-union-square-clearance-sale-begins-friday.php\" target=\"_blank\" rel=\"noopener noreferrer\">trajectory\u003c/a> is really \u003ca href=\"http://www.sfgate.com/bayarea/article/Stacey-s-Bookstore-closing-down-in-S-F-3177640.php\" target=\"_blank\" rel=\"noopener noreferrer\">not looking good\u003c/a>.\u003c/p>\n\u003cp>Bookstores. Why is it that whenever another one tanks, I go a little nuts? Because I've spent literally hundreds of hours getting lost in these dusty places of possibility, which are often mistaken for repositories of obsolescence? Or is it because one can choose to view the very existence of a book as predicated on an act of generosity? Of, even, communion? Read me! says \u003cem>New Looks at Italian Opera. \u003c/em>Check me out! exhorts \u003cem>Listening to Catnip\u003c/em>.\u003c/p>\n\u003cp>\u003cem>1984.\u003c/em> I'd never read it. But a chance glimpse in the \"recommended\" section at Adobe in 1990, and I've never really looked at anything the same way since.\u003c/p>\n\u003cp>I hope Adobe makes it, in whatever form. “In 10 or 20 years,\" said Rebecca Solnit, \"you guys are gonna be like, 'Oh, you moved here after Adobe books? I remember Andrew’s old Adobe books.'\u003c/p>\n\u003cp>\"Start stocking up on memories of what used to be.”\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>In 1990, I bought \u003cem>1984\u003c/em> at Adobe Books, and I don’t think a three-day period has gone by since that I haven’t thought about that novel. I've actually picked up a lot of great books at Adobe over the years, but substantially fewer the last five or six.\u003c/p>\n\u003cfigure id=\"attachment_86353\" class=\"wp-caption alignleft\" style=\"max-width: 200px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Adobe_Again-13.jpg\">\u003cimg class=\"size-medium wp-image-86353\" title=\"Adobe_Again-13\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Adobe_Again-13-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Adobe bookstore owner Andrew McKinley (Deborah Svoboda/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>A job, a kid. Amazon.\u003c/p>\n\u003cp>HBO.\u003c/p>\n\u003cp>You know.\u003c/p>\n\u003cp>That's the core of the problem for Adobe, the not-buying-books thing. For almost 25 years, it’s stood on 16th Street off Valencia in San Francisco as a repository of the printed word, holding steady in a part of the city still called the Mission but which is beginning to look a little like Tribeca with taquerias. Now Adobe is facing a 50 percent or so rent hike that owner Andrew McKinley says he can’t pay. So the bookstore’s \u003ca href=\"http://www.facebook.com/pages/Adobe-Books/111859948834325\" target=\"_blank\" rel=\"noopener noreferrer\">supporters\u003c/a> are trying to turn it into a collective, with a soon to-be-launched \u003ca href=\"http://www.indiegogo.com/\" target=\"_blank\" rel=\"noopener noreferrer\">Indiegogo\u003c/a> campaign. McKinley very much wants the co-op effort to succeed, even though he would no longer be running the show. In regard to this, he is philosophical though not particularly happy.\u003c/p>\n\u003cp>\"There’s a possibility the store will turn into a cooperative,\" he told me. \"It will be a different store if that happens, with a new business model: new books, remaindered books, T-shirts, artwork.”\u003c/p>\n\u003cp>He finds his predicament ironic.\u003c/p>\n\u003cp>“I was always waiting for things to get better in the neighborhood, because it was sketchy when I opened. But now it’s funny to be pushed out by economic forces. We never expected this, but in retrospect we had 25 good years. They’ve been the best years of my life.\" \u003c!--more-->Last Wednesday night, Adobe fans gathered to drum up support for the transformation of the store and listen to local authors \u003ca href=\"http://therumpus.net/sections/blogs/stephen-elliott-blogs/\" target=\"_blank\" rel=\"noopener noreferrer\">Stephen Elliott\u003c/a>, \u003ca href=\"http://www.rebeccasolnit.com/infinitecity\" target=\"_blank\" rel=\"noopener noreferrer\">Rebecca Solnit\u003c/a>, and \u003ca href=\"http://www.facebook.com/michelle.tea.12\" target=\"_blank\" rel=\"noopener noreferrer\">Michelle Tea\u003c/a> give readings related to the place and talk about how much they love it.\u003c/p>\n\u003cp>Adobe looked spiffed up for the event. Not the most practical place to browse in terms of physical access: The shelves, which have the excessively worn look of the starter furniture you threw out when you got your first real job, are usually and literally overflowing with books that crowd already-narrow aisles. It's not a masterpiece of \u003cem>feng shui -- \u003c/em> more like \u003cem>Das Boot\u003c/em> with a Fiction section. And I wouldn't say the most careful attention has been paid to the categorization scheme. You're as likely to find a pile of paperback thrillers sitting atop a space ostensibly devoted to, say, European history, as you are to find them in their native section.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>Start stocking up on memories of what used to be.\u003c/strong>--Rebecca Solnit\n\u003c/aside>\n\u003cp>But Adobe never did give the impression it was overly interested in maximizing commerce. It's a definite take-it-or-leave-it type enterprise. At one point, the books were organized by color, the perfect arrangement for those in the mood to read something with a red cover. Then there are the people who regularly hang out on the couches in the middle of the store, snoring or mumbling to no one in particular. Encountering these folks can lead to the momentary impression you’ve stumbled upon break time at a particularly ineffective AA meeting. While a lot of business owners will do whatever they can to ward off the homeless or the overtly destitute, the bar for admittance at Adobe in terms of ability to actually pay for something is non-existent.\u003c/p>\n\u003cp>\"We’ve always enjoyed having all types of people,\" McKinley said. \"It’s one of the most diverse neighborhoods, probably in America. The mix of young and old, rich and poor, homeless and yupster. We’ve been very proud of that. We like to be all-welcoming. We cherish bohemians, and some of the best bohemians are the most down-and-out people. But we could use more wealthy customers at this point.\"\u003c/p>\n\u003cp>By all public accounts, and many private ones too, McKinley is a proprietor to admire. I don’t know him personally, but he did give me three dollars in trade once for a Françoise Sagan novel, turning it over in his hands before we sealed the deal.\u003c/p>\n\u003cp>\"Françoise Sagan,\" he had said, downright wistful. \"I wish I could offer you more.\"\u003c/p>\n\u003cp>It stuck in my mind, I guess, because it was the first and only time I’ve ever heard that particular sentiment coming from someone who actually meant it. And also because it seemed to pack into one pregnant exchange so many unpleasant developments for the bookstore lover of today. \"I wish I could offer you more,” might as well have been, \"It’s really too bad people don't buy these things like they used to.\" With the subtext that as far as an appreciation of Françoise Sagan goes, well, that and $3.50 will buy you a local latte.\u003c/p>\n\u003cp>David Solnit, Rebecca's brother, was at the reading. \"His primary logic is not trying to make a buck,\" he said of McKinley. \"It’s harder and harder to find spaces where you can do that in San Francisco.\"\u003c/p>\n\u003cp>Actually, I have always wondered how a places like Adobe do make a buck, even when they made more of them. Some of these tomes look like they’ve been sent straight from central casting to populate a cultural institution that has turned a blind eye to mass tastes. \u003cem>New Looks at Italian Opera\u003c/em>, \u003cem>The Secret Diary of Harold Ickes\u003c/em>, \u003cem>Listening to Catnip\u003c/em>. I assume the \u003cem>Harry Potter\u003c/em> books are somewhere, but there were about a hundred people in the store Wednesday, creating too many cul de sacs to look for much that wasn't already staring you in the face. Gloomy types may experience a small wave of depression from perusing titles like \u003cem>Birds of the Great Basin\u003c/em> and \u003cem>The Year of the Kangaroo\u003c/em>. Someone once labored long and hard over \u003cem>The Year of the Kangaroo\u003c/em>. But who will read it now?\u003c/p>\n\u003cp>Or know it even exists if Adobe bites the dust?\u003c/p>\n\u003cp>Still, waiting somewhere among the warren of shelves, you can usually find something up your alley. For that and other reasons, the Adobe community is upset and forlorn about the constellation of circumstances that have conspired to put the bookstore in jeopardy.\u003c/p>\n\u003cp>It should probably be said around now that not everyone feels the same way -- I know plenty of people who not only like what's happening in the neighborhood, but who don't particularly rue the fact that one day Steve Guttenberg may be remembered more than Johannes Gutenberg. But at Adobe on Wednesday, there was a surplus of clarity among the faithful: They don't like e-readers, they don't like Amazon, and they don't like the \u003ca href=\"http://www.sfgate.com/restaurants/article/Freeze-sought-on-Valencia-Street-restaurants-4122936.php\" target=\"_blank\" rel=\"noopener noreferrer\">dozens of upscale new restaurants\u003c/a> and stores that have changed the character of the neighborhood.\u003c/p>\n\u003cp>\"It's like a mall,\" said longtime Adobe patron Wade, of the new and improved area now often referred to as Valencia Corridor.\u003c/p>\n\u003cp>Alex, 20-something, has eschewed electronic reading. \"It’s the aesthetic experience of a book. I love a book with a beautiful cover; I love the way a book smells; I love the weight of a book. All books look the same on a reader. I want character, I want history, I want the inscriptions of people who owned the book before me.”\u003c/p>\n\u003cp>\"They're trying to convince us that books are obsolete,\" said Rebecca Solnit. \"But I challenge you to show me an app that’s going to last 200 years, and it’s just as readable as it was in 1789.\"\u003c/p>\n\u003cp>Maybe so. But let's face it: It's not the handwriting on the wall troubling the bookstores of San Francisco, it's the \u003ca href=\"http://www.bloomberg.com/news/2011-05-19/amazon-com-says-kindle-electronic-book-sales-surpass-printed-format.html\" target=\"_blank\" rel=\"noopener noreferrer\">pixels\u003c/a>. A friend of mine in her 20s who came to the event confessed she has bought, over the past several years exactly one printed volume. \u003cem>One.\u003c/em> Everything else has been purchased electronically in the comfort of her own home -- or wherever else she happened to be when she got the itch to read something new.\u003c/p>\n\u003cp>“This has happened to many bookstores,\" said Andrew McKinley. \"If you’d been in San Francisco 30 years ago, there were 40 or 50 used bookstores. Now there might be five or six.\"\u003c/p>\n\u003cp>There are actually a \u003ca href=\"http://www.yelp.com/search?find_desc=used+bookstore&find_loc=San+Francisco%2C+CA\" target=\"_blank\" rel=\"noopener noreferrer\">few more than that\u003c/a>, but the \u003ca href=\"http://sfappeal.com/news/2011/02/two-sf-borders-bookstores-closing-union-square-clearance-sale-begins-friday.php\" target=\"_blank\" rel=\"noopener noreferrer\">trajectory\u003c/a> is really \u003ca href=\"http://www.sfgate.com/bayarea/article/Stacey-s-Bookstore-closing-down-in-S-F-3177640.php\" target=\"_blank\" rel=\"noopener noreferrer\">not looking good\u003c/a>.\u003c/p>\n\u003cp>Bookstores. Why is it that whenever another one tanks, I go a little nuts? Because I've spent literally hundreds of hours getting lost in these dusty places of possibility, which are often mistaken for repositories of obsolescence? Or is it because one can choose to view the very existence of a book as predicated on an act of generosity? Of, even, communion? Read me! says \u003cem>New Looks at Italian Opera. \u003c/em>Check me out! exhorts \u003cem>Listening to Catnip\u003c/em>.\u003c/p>\n\u003cp>\u003cem>1984.\u003c/em> I'd never read it. But a chance glimpse in the \"recommended\" section at Adobe in 1990, and I've never really looked at anything the same way since.\u003c/p>\n\u003cp>I hope Adobe makes it, in whatever form. “In 10 or 20 years,\" said Rebecca Solnit, \"you guys are gonna be like, 'Oh, you moved here after Adobe books? I remember Andrew’s old Adobe books.'\u003c/p>\n\u003cp>\"Start stocking up on memories of what used to be.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Sacramento Not Giving Up on Kings Despite Seattle Deal",
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"content": "\u003cp>The Maloof family, the majority owners of the Sacramento Kings basketball team, have \u003ca href=\"http://espn.go.com/nba/story/_/id/8864092/sacramento-kings-owners-reach-agreement-seattle-group-buy-team-sources-say\">struck a deal\u003c/a> to sell the team to a group that would move it to Seattle. But Sacramento mayor Kevin Johnson says his city won't give up so easily. The NBA must approve any deal.\u003c/p>\n\u003cfigure id=\"attachment_86503\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/21/owners-agree-to-sell-kings-basketball-team-to-seattle-group/los-angeles-lakers-v-sacramento-kings/\" rel=\"attachment wp-att-86503\">\u003cimg class=\"size-medium wp-image-86503\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Sacramento-Kings-Sign-0428-300x200.jpg\" alt=\"Fans have campaigned to keep the Kings basketball team in Sacramento. (Jed Jacobsohn/Getty Images)\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Fans have campaigned to keep the Kings basketball team in Sacramento. (Jed Jacobsohn/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Johnson, who was a three-time All Star in his 12 years in the NBA, told \u003ca href=\"http://natomas.news10.net/news/news/109860-sacramento-kings-playtowin-campaign-gets-19m-down-payment\">a press conference\u003c/a> Tuesday afternoon that he has commitments from \u003ca href=\"http://blogs.sacbee.com/city-beat/2013/01/investors-to-give-1-million-each-to-buy-sacramento-kings.html\">19 local investors\u003c/a> to put in a million dollars apiece to buy the team and keep it in the state capital. (After the press conference, Ryan Lillis of the Sacramento Bee tweeted that Johnson has secured a \u003ca href=\"https://twitter.com/Ryan_Lillis/status/293873493727137792\" target=\"_blank\">twentieth investor\u003c/a>.)\u003c/p>\n\u003cp>$20 million's a drop in the basket against the $340 million that the Maloofs have been offered by the Seattle group, but Johnson says he has at least one big-money investor – he refers to them as “whales” – who will be firmed up in the next week or so.\u003c/p>\n\u003cp>\u003ca href=\"http://www.sacbee.com/2013/01/23/5134027/sacramento-mayor-johnson-discloses.html\" target=\"_blank\">The Sacramento Bee reported Wednesday\u003c/a> that the \"whales\" might be Ron Burkle, a billionaire who is co-owner of the Pittsburgh Penguins hockey club, and Mark Mastrov, the founder of the 24 Hour Fitness chain. Both have previously expressed an interest in the team. The Bee says they would not only buy the Kings, but also be involved in financing a new arena. \u003c!--more-->\u003c/p>\n\u003cp>James Ham writes about the Kings for NBA.com and the blog \u003ca href=\"http://www.cowbellkingdom.com/\">Cowbell Kingdom\u003c/a>, and co-produced a film about the team and its famously loyal fan base called “\u003ca href=\"http://smallmarketbigheart.com/\">Small Market, Big Heart.\u003c/a>”\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“The mayor’s office was working on this long before the Seattle news came out,” he said after the press conference. “This has always been a possibility, that the Maloofs would decide to sell. I think that Sacramento and the mayor himself thought the Maloof family would have enough respect for all of the support and financial backing that this community has given them, to at least make Sacramento part of the conversation. Instead, they completely circumvented the mayor and just went straight to Seattle.”\u003c/p>\n\u003cp>Seattle’s old NBA franchise, the SuperSonics, was bought by Oklahoma City investors in 2008 and became the Oklahoma City Thunder. Sonics fans have been longing for a new basketball team ever since. Ham says while Sacramento’s the 20\u003csup>th\u003c/sup> largest TV market in the U.S. and Seattle’s the 12\u003csup>th \u003c/sup>largest, it isn’t a slam dunk that Seattle would be a better venue for the NBA.\u003c/p>\n\u003cp>“When you look at the Seattle market, they have professional baseball, football, and soccer, and they may end up with a professional hockey team. That’s a lot of major league sports to not just divert fans, but support from the business community. In Sacramento, [the Kings] are the only game in town, and it’s always been that way. In the history of the two franchises, Sacramento had better attendance than Seattle in almost every season that the two teams existed at the same time.”\u003c/p>\n\u003cp>Meanwhile, the effort to keep the Kings \u003ca href=\"http://www.news10.net/news/local/story.aspx?storyid=226217\" target=\"_blank\">gained an unlikely champion\u003c/a> on Tuesday. State Senate President pro tem Darrell Steinberg sent a letter to the state’s department of general services, suggesting that if the move to Seattle goes through, California might want to \u003ca href=\"http://www.sactownroyalty.com/2013/1/22/3903864/fight-to-keep-kings-in-sacramento-gets-political\">re-evaluate its purchase\u003c/a> of Microsoft products and services. Microsoft CEO Steve Ballmer is one of the principals of the Seattle group.\u003c/p>\n\u003cp>And some less well-known fans have made a \u003ca href=\"http://www.youtube.com/watch?feature=player_embedded&v=ZYfVc2uoUGU\">music video\u003c/a> in support of the effort.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The NBA makes the final decision, and they've said they will listen to both cities. Presentations will likely take place in March.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>The Maloof family, the majority owners of the Sacramento Kings basketball team, have \u003ca href=\"http://espn.go.com/nba/story/_/id/8864092/sacramento-kings-owners-reach-agreement-seattle-group-buy-team-sources-say\">struck a deal\u003c/a> to sell the team to a group that would move it to Seattle. But Sacramento mayor Kevin Johnson says his city won't give up so easily. The NBA must approve any deal.\u003c/p>\n\u003cfigure id=\"attachment_86503\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/01/21/owners-agree-to-sell-kings-basketball-team-to-seattle-group/los-angeles-lakers-v-sacramento-kings/\" rel=\"attachment wp-att-86503\">\u003cimg class=\"size-medium wp-image-86503\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/01/Sacramento-Kings-Sign-0428-300x200.jpg\" alt=\"Fans have campaigned to keep the Kings basketball team in Sacramento. (Jed Jacobsohn/Getty Images)\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Fans have campaigned to keep the Kings basketball team in Sacramento. (Jed Jacobsohn/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Johnson, who was a three-time All Star in his 12 years in the NBA, told \u003ca href=\"http://natomas.news10.net/news/news/109860-sacramento-kings-playtowin-campaign-gets-19m-down-payment\">a press conference\u003c/a> Tuesday afternoon that he has commitments from \u003ca href=\"http://blogs.sacbee.com/city-beat/2013/01/investors-to-give-1-million-each-to-buy-sacramento-kings.html\">19 local investors\u003c/a> to put in a million dollars apiece to buy the team and keep it in the state capital. (After the press conference, Ryan Lillis of the Sacramento Bee tweeted that Johnson has secured a \u003ca href=\"https://twitter.com/Ryan_Lillis/status/293873493727137792\" target=\"_blank\">twentieth investor\u003c/a>.)\u003c/p>\n\u003cp>$20 million's a drop in the basket against the $340 million that the Maloofs have been offered by the Seattle group, but Johnson says he has at least one big-money investor – he refers to them as “whales” – who will be firmed up in the next week or so.\u003c/p>\n\u003cp>\u003ca href=\"http://www.sacbee.com/2013/01/23/5134027/sacramento-mayor-johnson-discloses.html\" target=\"_blank\">The Sacramento Bee reported Wednesday\u003c/a> that the \"whales\" might be Ron Burkle, a billionaire who is co-owner of the Pittsburgh Penguins hockey club, and Mark Mastrov, the founder of the 24 Hour Fitness chain. Both have previously expressed an interest in the team. The Bee says they would not only buy the Kings, but also be involved in financing a new arena. \u003c!--more-->\u003c/p>\n\u003cp>James Ham writes about the Kings for NBA.com and the blog \u003ca href=\"http://www.cowbellkingdom.com/\">Cowbell Kingdom\u003c/a>, and co-produced a film about the team and its famously loyal fan base called “\u003ca href=\"http://smallmarketbigheart.com/\">Small Market, Big Heart.\u003c/a>”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“The mayor’s office was working on this long before the Seattle news came out,” he said after the press conference. “This has always been a possibility, that the Maloofs would decide to sell. I think that Sacramento and the mayor himself thought the Maloof family would have enough respect for all of the support and financial backing that this community has given them, to at least make Sacramento part of the conversation. Instead, they completely circumvented the mayor and just went straight to Seattle.”\u003c/p>\n\u003cp>Seattle’s old NBA franchise, the SuperSonics, was bought by Oklahoma City investors in 2008 and became the Oklahoma City Thunder. Sonics fans have been longing for a new basketball team ever since. Ham says while Sacramento’s the 20\u003csup>th\u003c/sup> largest TV market in the U.S. and Seattle’s the 12\u003csup>th \u003c/sup>largest, it isn’t a slam dunk that Seattle would be a better venue for the NBA.\u003c/p>\n\u003cp>“When you look at the Seattle market, they have professional baseball, football, and soccer, and they may end up with a professional hockey team. That’s a lot of major league sports to not just divert fans, but support from the business community. In Sacramento, [the Kings] are the only game in town, and it’s always been that way. In the history of the two franchises, Sacramento had better attendance than Seattle in almost every season that the two teams existed at the same time.”\u003c/p>\n\u003cp>Meanwhile, the effort to keep the Kings \u003ca href=\"http://www.news10.net/news/local/story.aspx?storyid=226217\" target=\"_blank\">gained an unlikely champion\u003c/a> on Tuesday. State Senate President pro tem Darrell Steinberg sent a letter to the state’s department of general services, suggesting that if the move to Seattle goes through, California might want to \u003ca href=\"http://www.sactownroyalty.com/2013/1/22/3903864/fight-to-keep-kings-in-sacramento-gets-political\">re-evaluate its purchase\u003c/a> of Microsoft products and services. Microsoft CEO Steve Ballmer is one of the principals of the Seattle group.\u003c/p>\n\u003cp>And some less well-known fans have made a \u003ca href=\"http://www.youtube.com/watch?feature=player_embedded&v=ZYfVc2uoUGU\">music video\u003c/a> in support of the effort.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The NBA makes the final decision, and they've said they will listen to both cities. Presentations will likely take place in March.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Netflix Shares Skyrocket After Earnings Report",
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"content": "\u003cp>SAN FRANCISCO (AP) — Netflix's Internet video service warded off stiffer competition to add 2 million U.S. subscribers during the final three months of the year to produce an unexpected profit for the company.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/01/netflixlogo.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/01/netflixlogo.jpg\" alt=\"netflixlogo\" width=\"94\" height=\"94\" class=\"alignleft size-full wp-image-14255\">\u003c/a>The fourth-quarter performance announced Wednesday validates investors' recent confidence in Netflix Inc., whose volatile stock had surged by more than 30 percent since early December. The stock soared another $34.49, or 33 percent, to $137.75 in extended trading after the numbers came out. If the shares trade similarly in Thursday's regular trading session, it will propel Netflix's stock a new 52-week high.\u003c/p>\n\u003cp>The surge in new customers left Netflix with 27.1 million U.S. subscribers to its service that streams movies and TV shows to Internet-connected devices.\u003c/p>\n\u003cp>Netflix's expansion also gathered more momentum as the company ended the quarter with an additional 1.8 million subscribers outside the U.S.\u003c/p>\n\u003cp>That means Netflix entered this year with 33.3 million video-streaming subscribers worldwide. \u003c!--more-->\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://finance.yahoo.com/q?s=nflx&ql=1\">\u003cstrong>NFLX realtime stock quote\u003c/strong>\u003c/a> (Yahoo! Finance)\u003c/aside>\n\u003cp>Netflix also still has 8.2 million customers signed up for the DVD-by-mail rental plans that launched the company's early success. Although Netflix is phasing out the disc service, the company hung on to more of the DVD subscribers than it anticipated during the fourth quarter. Netflix lost 382,000 DVD subscribers during the quarter.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Netflix earned nearly $8 million, or 13 cents per share. That was a 78 percent plunge from net income of $35.2 million, or 64 cents per share, at the same time last year.\u003c/p>\n\u003cp>Taking their cue from Netflix's own projections in October, analysts polled by FactSet had predicted the company's would lose 12 cents per share as expenses for the international expansion and video-licensing rises outpaced revenue growth.\u003c/p>\n\u003cp>Revenue climbed 8 percent from the previous year to $945 million, about $10 million above expectations.\u003c/p>\n\u003cp>Netflix appears confident that its recent momentum will carry into the current quarter, which will be highlight by the Feb. 1 debut of a much-anticipated TV series called \"House of Cards\" produced exclusively for the video streaming service. The series stars Academy Award-winning actor Kevin Spacey.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The company forecast its video streaming service will pick up 1.35 million to 2.1 million in the U.S. during the first three months of this year.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>SAN FRANCISCO (AP) — Netflix's Internet video service warded off stiffer competition to add 2 million U.S. subscribers during the final three months of the year to produce an unexpected profit for the company.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/01/netflixlogo.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/01/netflixlogo.jpg\" alt=\"netflixlogo\" width=\"94\" height=\"94\" class=\"alignleft size-full wp-image-14255\">\u003c/a>The fourth-quarter performance announced Wednesday validates investors' recent confidence in Netflix Inc., whose volatile stock had surged by more than 30 percent since early December. The stock soared another $34.49, or 33 percent, to $137.75 in extended trading after the numbers came out. If the shares trade similarly in Thursday's regular trading session, it will propel Netflix's stock a new 52-week high.\u003c/p>\n\u003cp>The surge in new customers left Netflix with 27.1 million U.S. subscribers to its service that streams movies and TV shows to Internet-connected devices.\u003c/p>\n\u003cp>Netflix's expansion also gathered more momentum as the company ended the quarter with an additional 1.8 million subscribers outside the U.S.\u003c/p>\n\u003cp>That means Netflix entered this year with 33.3 million video-streaming subscribers worldwide. \u003c!--more-->\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://finance.yahoo.com/q?s=nflx&ql=1\">\u003cstrong>NFLX realtime stock quote\u003c/strong>\u003c/a> (Yahoo! Finance)\u003c/aside>\n\u003cp>Netflix also still has 8.2 million customers signed up for the DVD-by-mail rental plans that launched the company's early success. Although Netflix is phasing out the disc service, the company hung on to more of the DVD subscribers than it anticipated during the fourth quarter. Netflix lost 382,000 DVD subscribers during the quarter.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Netflix earned nearly $8 million, or 13 cents per share. That was a 78 percent plunge from net income of $35.2 million, or 64 cents per share, at the same time last year.\u003c/p>\n\u003cp>Taking their cue from Netflix's own projections in October, analysts polled by FactSet had predicted the company's would lose 12 cents per share as expenses for the international expansion and video-licensing rises outpaced revenue growth.\u003c/p>\n\u003cp>Revenue climbed 8 percent from the previous year to $945 million, about $10 million above expectations.\u003c/p>\n\u003cp>Netflix appears confident that its recent momentum will carry into the current quarter, which will be highlight by the Feb. 1 debut of a much-anticipated TV series called \"House of Cards\" produced exclusively for the video streaming service. The series stars Academy Award-winning actor Kevin Spacey.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The company forecast its video streaming service will pick up 1.35 million to 2.1 million in the U.S. during the first three months of this year.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Berkeley-based Annie's, which sells organic pasta and other products, is \u003ca href=\"http://www.annies.com/pizzarecall/\" target=\"_blank\">recalling\u003c/a> its Annie's Homegrown Frozen Pizza. \u003ca href=\"http://finance.yahoo.com/q?s=bnny&ql=1\" target=\"_blank\">Shares of the company\u003c/a> are down more than five percent today.\u003c/p>\n\u003cp>\u003ca href=\"http://www.investors.annies.com/phoenix.zhtml?c=251112&p=irol-newsArticle_Print&ID=1776790&highlight=\" target=\"_blank\">Press release\u003c/a> from the company...\u003c/p>\n\u003cblockquote>\u003cp>Annie’s Inc. (NYSE:BNNY) has initiated a voluntary recall of Annie’s Homegrown Frozen Pizza due to the possible presence of fragments of flexible metal mesh caused by a faulty screen at a third-party flour mill.\u003c/p>\n\u003cp>Affected products are distributed at grocery, mass and natural food stores throughout the United States. All varieties of Annie’s RISING CRUST FROZEN PIZZA with a best by date including and between 09Jan13 and 14Sep13 (January 9, 2013 and September 14, 2013) are affected. Recalled varieties are:\u003c/p>\n\u003cp>\u003cstrong>Organic Four Cheese Pizza, 23.5 oz UPC 013562 200016\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>Organic Pepperoni Pizza, 23.6 oz UPC 013562 200009\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>Organic Supreme Pizza, 25.4 oz UPC 013562 200023\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>Organic Spinach and Mushroom Pizza, 25.0 oz UPC 013562 200054\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>Four Cheese Pizza, 22.5 oz UPC 013562 200078\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>Pepperoni Pizza, 22.6 oz UPC 013562 200061\u003c/strong>\u003c/p>\n\u003cp>\u003cstrong>BBQ Recipe Chicken Pizza, 23.1 oz UPC 013562 200092\u003c/strong>\u003c/p>\n\u003cp>The company announced the recall after learning a fine metal mesh screen failed at a third-party flour mill and fragments of flexible metal mesh were found in the flour and pizza dough. All Annie’s manufacturers have comprehensive metal control programs that include magnets and metal detection devices. Pieces of the fine wire were too small to be detected and could have found their way into the finished product. While no metal has been found in Annie’s finished product, as a precaution, Annie’s initiated this voluntary recall. There have been no consumer complaints, illnesses or injuries reported to date.\u003c/p>\n\u003cp>Annie's is committed to providing high-quality products, and the safety of our consumers is the company’s utmost priority. We are working with the FDA and the USDA and expect a quick resolution to this issue. Consumers who have purchased the product can return it to its place of purchase for a full refund.\u003c/p>\n\u003cp>\u003cstrong>Consumers with questions may call Annie’s Homegrown Pizza Recall Hotline at 1-888-825-6720 or visit www.annies.com/pizzarecall for more information\u003c/strong>. The hotline will be staffed in person from 7am to 8pm PT, along with a 24-hour a-day recorded message.\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>SAN FRANCISCO (AP) — Google's fourth-quarter earnings rose 7 percent as online advertisers spent more money in pursuit of holiday shoppers.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/2012/04/17/oracle-says-google-execs-at-highest-level-deliberately-violated-copyrights/googlelogo-5/\" rel=\"attachment wp-att-62457\">\u003cimg class=\"alignright size-medium wp-image-62457\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/04/googlelogo-300x212.gif\" alt=\"googlelogo\" width=\"254\" height=\"180\">\u003c/a>The financial results announced Tuesday were a mixed bag. While the company's earnings topped analyst estimates, an accounting quirk caused net revenue to fall below the projections that guide investor expectations.\u003c/p>\n\u003cp>Wall Street still liked what it saw. Google's stock climbed $30.78, or 4.4 percent, to $733.65 in extended trading.\u003c/p>\n\u003cp>The most recent quarter didn't provide an apples-to-apples comparison to the previous year because the latest results included Motorola Mobility. Google didn't own Motorola Mobility in 2011, having completed its $12.4 billion acquisition of the handset maker eight months ago.\u003c/p>\n\u003cp>Things were further complicated by Google's recent agreement to sell a part of the Motorola Mobility division that makes cable TV boxes. That division is now accounted for as a discontinued operation. \u003c!--more-->\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Google earned nearly $2.9 billion, or $8.62 cents per share during the final three months of last year. That compared to net income of $2.7 billion, or $8.22 per share, at the same time last year.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003cstrong>\u003ca href=\"http://finance.yahoo.com/q?s=goog&ql=1\" target=\"_blank\">Google after-hours stock quote\u003c/a>\u003c/strong> (Yahoo! Finance)\u003c/aside>\n\u003cp>If not for the costs of employee stock compensation and certain other accounting items, Google said it would have earned. $10.65 per share. On that basis, Google exceeded the average earnings estimate of $10.54 among analysts surveyed by FactSet.\u003c/p>\n\u003cp>Revenue surged 36 percent from the previous year to $14.4 billion.\u003c/p>\n\u003cp>After subtracting advertising expenses, Google's revenue totaled $11.3 billion. That figure was well below the average analyst estimate of $12.1 billion, according to FactSet.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>But many of the analyst forecasts included revenue from Motorola Mobility's set-top division, which Google didn't include in its fourth quarter revenue. Had the set-top division been included, Google's net revenue would have matched analyst estimates.\u003c/p>\n\n",
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"tagline": "The flip side of gentrification, told through one town",
"info": "Gentrification is changing cities across America, forcing people from neighborhoods they have long called home. Call them the displaced. Now those priced out of the Bay Area are looking for a better life in an unlikely place. American Suburb follows this migration to one California town along the Delta, 45 miles from San Francisco. But is this once sleepy suburb ready for them?",
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"tagline": "Exploring the Bay Area, one question at a time",
"info": "KQED’s new podcast, Bay Curious, gets to the bottom of the mysteries — both profound and peculiar — that give the Bay Area its unique identity. And we’ll do it with your help! You ask the questions. You decide what Bay Curious investigates. And you join us on the journey to find the answers.",
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"info": "KQED’s statewide radio news program providing daily coverage of issues, trends and public policy decisions.",
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"order": 8
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},
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"order": 1
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"info": "\u003cem>Code Switch\u003c/em>, which listeners will hear in the first part of the hour, has fearless and much-needed conversations about race. Hosted by journalists of color, the show tackles the subject of race head-on, exploring how it impacts every part of society — from politics and pop culture to history, sports and more.\u003cbr />\u003cbr />\u003cem>Life Kit\u003c/em>, which will be in the second part of the hour, guides you through spaces and feelings no one prepares you for — from finances to mental health, from workplace microaggressions to imposter syndrome, from relationships to parenting. The show features experts with real world experience and shares their knowledge. Because everyone needs a little help being human.\u003cbr />\u003cbr />\u003ca href=\"https://www.npr.org/podcasts/510312/codeswitch\">\u003cem>Code Switch\u003c/em> offical site and podcast\u003c/a>\u003cbr />\u003ca href=\"https://www.npr.org/lifekit\">\u003cem>Life Kit\u003c/em> offical site and podcast\u003c/a>\u003cbr />",
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"id": "commonwealth-club",
"title": "Commonwealth Club of California Podcast",
"info": "The Commonwealth Club of California is the nation's oldest and largest public affairs forum. As a non-partisan forum, The Club brings to the public airwaves diverse viewpoints on important topics. The Club's weekly radio broadcast - the oldest in the U.S., dating back to 1924 - is carried across the nation on public radio stations and is now podcasting. Our website archive features audio of our recent programs, as well as selected speeches from our long and distinguished history. This podcast feed is usually updated twice a week and is always un-edited.",
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"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Commonwealth-Club-Podcast-Tile-360x360-1.jpg",
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"source": "Commonwealth Club of California"
},
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"info": "KQED’s live call-in program discussing local, state, national and international issues, as well as in-depth interviews.",
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"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Forum-Podcast-Tile-703x703-1.jpg",
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"order": 9
},
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"id": "fresh-air",
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"hidden-brain": {
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"airtime": "SUN 7pm-8pm",
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"airtime": "SUN 7:30pm-8pm",
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"tagline": "Where conversation and cultura meet",
"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
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"title": "The Political Mind of Jerry Brown",
"tagline": "Lessons from a lifetime in politics",
"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
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"order": 18
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},
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"id": "latino-usa",
"title": "Latino USA",
"airtime": "MON 1am-2am, SUN 6pm-7pm",
"info": "Latino USA, the radio journal of news and culture, is the only national, English-language radio program produced from a Latino perspective.",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/latinoUsa.jpg",
"officialWebsiteLink": "http://latinousa.org/",
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},
"marketplace": {
"id": "marketplace",
"title": "Marketplace",
"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
"airtime": "MON-FRI 4pm-4:30pm, MON-WED 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Marketplace-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.marketplace.org/",
"meta": {
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"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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"rss": "https://feeds.publicradio.org/public_feeds/marketplace-pm/rss/rss"
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},
"masters-of-scale": {
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"title": "Masters of Scale",
"info": "Masters of Scale is an original podcast in which LinkedIn co-founder and Greylock Partner Reid Hoffman sets out to describe and prove theories that explain how great entrepreneurs take their companies from zero to a gazillion in ingenious fashion.",
"airtime": "Every other Wednesday June 12 through October 16 at 8pm (repeats Thursdays at 2am)",
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"officialWebsiteLink": "https://mastersofscale.com/",
"meta": {
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"source": "WaitWhat"
},
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"rss": "https://rss.art19.com/masters-of-scale"
}
},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
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"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
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