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"disqusTitle": "Wal-Mart Braces for Black Friday Strikes",
"title": "Wal-Mart Braces for Black Friday Strikes",
"headTitle": "News Fix | KQED News",
"content": "\u003cfigure id=\"attachment_80808\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Walmart-Protest.jpg\">\u003cimg class=\"size-medium wp-image-80808\" title=\"Thousands of protesters march during the\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Walmart-Protest-300x209.jpg\" alt=\"\" width=\"300\" height=\"209\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Thousands of protesters marched in Chinatown, Los Angeles, on June 30, 2012, to protest wages and working conditions at Wal-Mart (Joe Klamar/AFP/GettyImages)\u003c/figcaption>\u003c/figure>\n\u003cp>Strikes? At Wal-Mart?\u003c/p>\n\u003cp>For years the Bentonville, Arkansas-based company has successfully resisted efforts to organize its workers. But in recent weeks, protests have broken out at some of its stores, including San Leandro and Richmond. Now protesters say they are making their biggest push ever on the biggest shopping day of the year.\u003c/p>\n\u003cp>On Black Friday -- when consumers traditionally take advantage of a holiday after Thanksgiving -- some Wal-Mart workers plan to walk off the job. Black Friday is a big deal for Wal-Mart, which plans to start sales pegged to it on 8 p.m. Thursday. As a measure of how seriously the company is taking the threat of protests, it filed a complaint with the National Labor Relations Board calling the pickets illegal.\u003c!--more-->\u003c/p>\n\u003cp>From the \u003ca href=\"http://www.nytimes.com/2012/11/20/business/labor-board-to-act-swiftly-on-wal-marts-complaint.html?_r=0\">New York Times\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>The National Labor Relations Board, which often takes weeks or months to investigate complaints, said on Monday that it would decide within days whether there is merit to Wal-Mart’s complaint, filed last Thursday, to seek an injunction to stop anti-Wal-Mart protests scheduled for this week...\u003c/p>\n\u003cp>Wal-Mart contends that the protests violate a law that prohibits picketing for more than 30 days when a union is seeking recognition. Wal-Mart asserts that the group’s rolling protests have gone on for more than 30 days and are actually sponsored by the United Food and Commercial Workers Union, which helped found OUR Walmart last year. The company maintains that the food and commercial workers union is seeking union recognition from Wal-Mart...\u003c/p>\n\u003cp>Disagreeing with the company, OUR Walmart said this week’s demonstrations were not demanding union recognition, although some of the group’s members acknowledge that is their long-term goal.\u003c/p>\u003c/blockquote>\n\u003cp>Change Walmart, which is also helping organize the strike, is getting the word out in some creative ways, such as \u003ca href=\"http://changewalmart.tumblr.com/post/36141392968/the-story-of-the-black-friday-strike\">a storyline made of gifs\u003c/a> (snippets of animation).\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Some workers complain of increased costs for health insurance. Others say that the company retaliates against them if they speak out to criticize it. That was a theme of the strike that hit a Wal-Mart store reopening Nov. 2 after a closure in Richmond.\u003c/p>\n\u003cp>\u003ca href=\"http://richmondconfidential.org/2012/11/02/protests-mar-walmart-supercenters-re-opening-in-richmond/\">Richmond Confidential \u003c/a>had the story:\u003c/p>\n\u003cblockquote>\u003cp>Shoppers were greeted by placard-wielding protesters, carrying signs reading “Stand Up, Live Better, Stop Retaliation” and “Stop Trying to Silence Us.”\u003c/p>\n\u003cp>The protesters were a combination of Walmart associates and members of the United Food and Commercial Workers Union and the Organization United for Respect at Walmart.\u003c/p>\n\u003cp>Misty Tanner, a longtime Walmart employee, transferred to the store four months ago to work on the remodel. She said the project manager has threatened and intimidated employees.\u003c/p>\u003c/blockquote>\n\u003cp>And on Nov. 14, San Leandro workers began by setting up an impromptu memorial to a deceased colleague inside the store, then held a rally outside before returning to work, according to \u003ca href=\"http://www.indybay.org/newsitems/2012/11/19/18725975.php\">IndyBay\u003c/a>.\u003c/p>\n\u003cp>These actions followed similar protests in other parts of the country, IndyBay reports:\u003c/p>\n\u003cblockquote>\u003cp>...in September, 38 warehouse workers who move Walmart goods went on strike in Elwood, Illinois for three weeks. Elwood is the site of Walmart’s largest North American distribution center.\u003c/p>\n\u003cp>This strike, by a small but strategic group of workers, cost the company millions of dollars. The strikers won immediate improvements on some important safety issues. All the striking workers were reinstated, with full backpay for the period of the strike.\u003cbr>\nThe Illinois workers were inspired by a similar 15-day strike of Walmart supply chain workers in Southern California. In addition to striking, these workers conducted a six-day, 50-mile “Wallmarch” to City Hall in Los Angeles.\u003c/p>\n\u003cp>Like the Illinois workers, they also won safer working conditions, and all strikers returned to work after the strike.\u003c/p>\u003c/blockquote>\n\u003cp>We have a call out to Wal-Mart about the Bay Area actions and will let you know what we hear back.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Meanwhile, \u003ca href=\"http://californiawatch.org/dailyreport/win-environmental-law-loss-wal-mart-18670\">California Watch \u003c/a>reports another setback for the retail chain in California: The Fresno-based 5th District Court of Appeal ruled against Wal-Mart's strategy of using petition drives to avoid an environmental review of new stores in California.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_80808\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Walmart-Protest.jpg\">\u003cimg class=\"size-medium wp-image-80808\" title=\"Thousands of protesters march during the\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Walmart-Protest-300x209.jpg\" alt=\"\" width=\"300\" height=\"209\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Thousands of protesters marched in Chinatown, Los Angeles, on June 30, 2012, to protest wages and working conditions at Wal-Mart (Joe Klamar/AFP/GettyImages)\u003c/figcaption>\u003c/figure>\n\u003cp>Strikes? At Wal-Mart?\u003c/p>\n\u003cp>For years the Bentonville, Arkansas-based company has successfully resisted efforts to organize its workers. But in recent weeks, protests have broken out at some of its stores, including San Leandro and Richmond. Now protesters say they are making their biggest push ever on the biggest shopping day of the year.\u003c/p>\n\u003cp>On Black Friday -- when consumers traditionally take advantage of a holiday after Thanksgiving -- some Wal-Mart workers plan to walk off the job. Black Friday is a big deal for Wal-Mart, which plans to start sales pegged to it on 8 p.m. Thursday. As a measure of how seriously the company is taking the threat of protests, it filed a complaint with the National Labor Relations Board calling the pickets illegal.\u003c!--more-->\u003c/p>\n\u003cp>From the \u003ca href=\"http://www.nytimes.com/2012/11/20/business/labor-board-to-act-swiftly-on-wal-marts-complaint.html?_r=0\">New York Times\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>The National Labor Relations Board, which often takes weeks or months to investigate complaints, said on Monday that it would decide within days whether there is merit to Wal-Mart’s complaint, filed last Thursday, to seek an injunction to stop anti-Wal-Mart protests scheduled for this week...\u003c/p>\n\u003cp>Wal-Mart contends that the protests violate a law that prohibits picketing for more than 30 days when a union is seeking recognition. Wal-Mart asserts that the group’s rolling protests have gone on for more than 30 days and are actually sponsored by the United Food and Commercial Workers Union, which helped found OUR Walmart last year. The company maintains that the food and commercial workers union is seeking union recognition from Wal-Mart...\u003c/p>\n\u003cp>Disagreeing with the company, OUR Walmart said this week’s demonstrations were not demanding union recognition, although some of the group’s members acknowledge that is their long-term goal.\u003c/p>\u003c/blockquote>\n\u003cp>Change Walmart, which is also helping organize the strike, is getting the word out in some creative ways, such as \u003ca href=\"http://changewalmart.tumblr.com/post/36141392968/the-story-of-the-black-friday-strike\">a storyline made of gifs\u003c/a> (snippets of animation).\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Some workers complain of increased costs for health insurance. Others say that the company retaliates against them if they speak out to criticize it. That was a theme of the strike that hit a Wal-Mart store reopening Nov. 2 after a closure in Richmond.\u003c/p>\n\u003cp>\u003ca href=\"http://richmondconfidential.org/2012/11/02/protests-mar-walmart-supercenters-re-opening-in-richmond/\">Richmond Confidential \u003c/a>had the story:\u003c/p>\n\u003cblockquote>\u003cp>Shoppers were greeted by placard-wielding protesters, carrying signs reading “Stand Up, Live Better, Stop Retaliation” and “Stop Trying to Silence Us.”\u003c/p>\n\u003cp>The protesters were a combination of Walmart associates and members of the United Food and Commercial Workers Union and the Organization United for Respect at Walmart.\u003c/p>\n\u003cp>Misty Tanner, a longtime Walmart employee, transferred to the store four months ago to work on the remodel. She said the project manager has threatened and intimidated employees.\u003c/p>\u003c/blockquote>\n\u003cp>And on Nov. 14, San Leandro workers began by setting up an impromptu memorial to a deceased colleague inside the store, then held a rally outside before returning to work, according to \u003ca href=\"http://www.indybay.org/newsitems/2012/11/19/18725975.php\">IndyBay\u003c/a>.\u003c/p>\n\u003cp>These actions followed similar protests in other parts of the country, IndyBay reports:\u003c/p>\n\u003cblockquote>\u003cp>...in September, 38 warehouse workers who move Walmart goods went on strike in Elwood, Illinois for three weeks. Elwood is the site of Walmart’s largest North American distribution center.\u003c/p>\n\u003cp>This strike, by a small but strategic group of workers, cost the company millions of dollars. The strikers won immediate improvements on some important safety issues. All the striking workers were reinstated, with full backpay for the period of the strike.\u003cbr>\nThe Illinois workers were inspired by a similar 15-day strike of Walmart supply chain workers in Southern California. In addition to striking, these workers conducted a six-day, 50-mile “Wallmarch” to City Hall in Los Angeles.\u003c/p>\n\u003cp>Like the Illinois workers, they also won safer working conditions, and all strikers returned to work after the strike.\u003c/p>\u003c/blockquote>\n\u003cp>We have a call out to Wal-Mart about the Bay Area actions and will let you know what we hear back.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Meanwhile, \u003ca href=\"http://californiawatch.org/dailyreport/win-environmental-law-loss-wal-mart-18670\">California Watch \u003c/a>reports another setback for the retail chain in California: The Fresno-based 5th District Court of Appeal ruled against Wal-Mart's strategy of using petition drives to avoid an environmental review of new stores in California.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Strikers blocked traffic at the Port of Oakland Tuesday morning, but did not disrupt operations at Oakland International Airport, officials said.\u003c/p>\n\u003cp>\"In the maritime area, we are seeing disruptions and impacts on truckers and longshore workers trying to get to their jobs, but it is still a very fluid situation,\" the Port of Oakland said in a statement. The Port of Oakland operates the airport as well as the seaport.\u003c/p>\n\u003cp>The \u003ca href=\"http://www.mercurynews.com/news/ci_22032781/port-oakland-workers-strike-at-harbor-gates-airport?source=rss\">Oakland Tribune\u003c/a> reported that picket lines by the Service Employees International Union \"brought traffic to a halt\" at the gates of the seaport. It appeared that both longshoremen and teamsters were honoring the picket line.\u003c/p>\n\u003cp>\u003cstrong>An independent advocacy journalist is broadcasting this live video, along with his opinions about the strike and related issues:\u003c/strong>\u003c/p>\n\u003cp>\u003ciframe style=\"border: 0px none transparent\" src=\"http://www.ustream.tv/embed/316210?v=3&wmode=direct\" frameborder=\"0\" scrolling=\"no\" width=\"480\" height=\"425\">\u003c/iframe>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003ca href=\"http://www.ustream.tv/\" target=\"_blank\">Live broadcasting by Ustream\u003c/a>\u003c/p>\n\u003cp>\"In the maritime area, we are seeing disruptions and impacts on truckers and longshore workers trying to get to their jobs, but it is still a very fluid situation,\" the Port of Oakland said in a statement. The Port of Oakland operates the airport as well as the seaport.\u003c/p>\n\u003cp>The \u003ca href=\"http://www.mercurynews.com/news/ci_22032781/port-oakland-workers-strike-at-harbor-gates-airport?source=rss\">Oakland Tribune\u003c/a> reported that picket lines by the Service Employees International Union \"brought traffic to a halt\" at the gates of the seaport. It appeared that both longshoremen and teamsters were honoring the picket line.\u003c/p>\n\u003cp>The Port, facing a deficit, is asking SEIU workers to make a 5 percent contribution to their retirement funds. The workers began their strike at 9:30 p.m. Monday night and plan to continue until 7 p.m. on Tuesday.\u003c/p>\n\u003cp>\"Local 1021 members have fought back against unfair labor attacks from port executives, who have illegally withheld vital information related to bargaining and have unilaterally changed the terms of our contract,\" the SEIU said in a statement. \"Executives refuse to bargain, dragging on negotiations with Port Workers for the last 16 months.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Here's the port's version of the events:\u003c/p>\n\u003cblockquote>\u003cp>The Port negotiated in good faith and reached a tentative agreement with SEIU 1021 for a new contract in March 2012, which had the following elements: preserved jobs, and no furloughs; preserved above average salaries vs. comparable agencies and classifications; employees would begin making a 5% contribution to their own retirement, as the Port currently pays the 8% employee share as well as the employer share of retirement costs. That agreement was rejected by the membership.\u003c/p>\n\u003cp>Within two weeks, a mutually-agreed-upon arbitrator is scheduled to begin the non-binding fact-finding phase of impasse proceedings between the Port and SEIU because Local 1021 members rejected the Tentative Agreement reached at the bargaining table in March. The meetings with the arbitrator are scheduled for Nov. 29, 30 and Dec. 3.\u003c/p>\u003c/blockquote>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Strikers blocked traffic at the Port of Oakland Tuesday morning, but did not disrupt operations at Oakland International Airport, officials said.\u003c/p>\n\u003cp>\"In the maritime area, we are seeing disruptions and impacts on truckers and longshore workers trying to get to their jobs, but it is still a very fluid situation,\" the Port of Oakland said in a statement. The Port of Oakland operates the airport as well as the seaport.\u003c/p>\n\u003cp>The \u003ca href=\"http://www.mercurynews.com/news/ci_22032781/port-oakland-workers-strike-at-harbor-gates-airport?source=rss\">Oakland Tribune\u003c/a> reported that picket lines by the Service Employees International Union \"brought traffic to a halt\" at the gates of the seaport. It appeared that both longshoremen and teamsters were honoring the picket line.\u003c/p>\n\u003cp>\u003cstrong>An independent advocacy journalist is broadcasting this live video, along with his opinions about the strike and related issues:\u003c/strong>\u003c/p>\n\u003cp>\u003ciframe style=\"border: 0px none transparent\" src=\"http://www.ustream.tv/embed/316210?v=3&wmode=direct\" frameborder=\"0\" scrolling=\"no\" width=\"480\" height=\"425\">\u003c/iframe>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://www.ustream.tv/\" target=\"_blank\">Live broadcasting by Ustream\u003c/a>\u003c/p>\n\u003cp>\"In the maritime area, we are seeing disruptions and impacts on truckers and longshore workers trying to get to their jobs, but it is still a very fluid situation,\" the Port of Oakland said in a statement. The Port of Oakland operates the airport as well as the seaport.\u003c/p>\n\u003cp>The \u003ca href=\"http://www.mercurynews.com/news/ci_22032781/port-oakland-workers-strike-at-harbor-gates-airport?source=rss\">Oakland Tribune\u003c/a> reported that picket lines by the Service Employees International Union \"brought traffic to a halt\" at the gates of the seaport. It appeared that both longshoremen and teamsters were honoring the picket line.\u003c/p>\n\u003cp>The Port, facing a deficit, is asking SEIU workers to make a 5 percent contribution to their retirement funds. The workers began their strike at 9:30 p.m. Monday night and plan to continue until 7 p.m. on Tuesday.\u003c/p>\n\u003cp>\"Local 1021 members have fought back against unfair labor attacks from port executives, who have illegally withheld vital information related to bargaining and have unilaterally changed the terms of our contract,\" the SEIU said in a statement. \"Executives refuse to bargain, dragging on negotiations with Port Workers for the last 16 months.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Here's the port's version of the events:\u003c/p>\n\u003cblockquote>\u003cp>The Port negotiated in good faith and reached a tentative agreement with SEIU 1021 for a new contract in March 2012, which had the following elements: preserved jobs, and no furloughs; preserved above average salaries vs. comparable agencies and classifications; employees would begin making a 5% contribution to their own retirement, as the Port currently pays the 8% employee share as well as the employer share of retirement costs. That agreement was rejected by the membership.\u003c/p>\n\u003cp>Within two weeks, a mutually-agreed-upon arbitrator is scheduled to begin the non-binding fact-finding phase of impasse proceedings between the Port and SEIU because Local 1021 members rejected the Tentative Agreement reached at the bargaining table in March. The meetings with the arbitrator are scheduled for Nov. 29, 30 and Dec. 3.\u003c/p>\u003c/blockquote>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Oakland Port Workers Plan Strike Monday Night",
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"content": "\u003cfigure id=\"attachment_80688\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/port-of-oakland.jpg\">\u003cimg class=\"size-full wp-image-80688\" title=\"port of oakland\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/port-of-oakland.jpg\" alt=\"\" width=\"300\" height=\"225\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Th Port of Oakland (Xan West)\u003c/figcaption>\u003c/figure>\n\u003cp>OAKLAND (BCN) Port workers who say they have gone 16 months without a new contract plan to go on strike Monday and Tuesday in Oakland.\u003c/p>\n\u003cp>\u003ca href=\"www.seiu1021.org/node/35122\">The Service Employees International Union\u003c/a> 1021 has announced plans for a 24-hour strike starting Monday at 9 p.m.\u003c/p>\n\u003cp>The strike will kick off Monday night at Oakland International Airport's Terminal 1 at 9 p.m.\u003c/p>\n\u003cp>On Tuesday, picketers will target both the airport and the port.\u003c/p>\n\u003cp>The strike comes at a time when port officials are already under scrutiny.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Port of Oakland Executive Director Omar Benjamin announced his retirement last week following an investigation into alleged improper expenditures, including public money spent at a strip club in Houston, Texas.\u003c/p>\n\n",
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"content": "\u003cp>(AP) Twinkies won't die that easily after all.\u003c/p>\n\u003cp>Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.\u003c/p>\n\u003cfigure id=\"attachment_80675\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Hostess-Twinkies-justin-sullivan-getty-images.jpg\">\u003cimg class=\"size-medium wp-image-80675 \" title=\"Hostess Twinkies justin sullivan getty images\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Hostess-Twinkies-justin-sullivan-getty-images-300x202.jpg\" alt=\"\" width=\"300\" height=\"202\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Hostess Twinkies (Justin Sullivan/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>The bankruptcy judge hearing the case said Monday that the parties haven't gone through the critical step of mediation and asked the lawyer for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which has been on strike on Nov. 9, to ask his client, who wasn't present, if the union would agree to participate. The judge noted that the bakery union went on strike after rejecting the company's latest contract offer, even though it never filed an objection to it.\u003c/p>\n\u003cp>\"Many people, myself included, have serious questions as to the logic behind this strike,\" said Judge Robert Drain, who heard the case in the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y. \"Not to have gone through that step leaves a huge question mark in this case.\"\u003c/p>\n\u003cp>Hostess and the union are expected to begin the mediation process on Tuesday.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://www.bctgm.org/2012/11/bctgm-joinder-submitted-to-u-s-bankruptcy-judge-robert-d-drain/\">In this legal document, the union explains why it won't make concessions.\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.sfgate.com/business/bloomberg/article/Hostess-to-Hold-Talks-With-Bakers-Union-on-4050767.php\">Hostess wants to pay bonuses to management while firing workers.\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.kqed.org/news/story/2012/11/16/111211/hostess_workers_will_be_out_as_bakery_announces_liquidation?category=bay+area\">Bay Area workers are affected\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp> \u003c/p>\n\u003c/aside>\n\u003cp>Irving, Texas-based Hostess, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it's asked the court for permission to sell assets and go out of business.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>It's a far cry from when the maker of Twinkies, Ding Dongs and Ho Ho's filed for bankruptcy in January, its second Chapter 11 filing in less than a decade. The company had hoped to emerge with stronger financials. It brought on CEO Gregory Rayburn as a restructuring expert and was working to renegotiate its contract with labor unions.\u003c/p>\n\u003cp>But Rayburn wasn't able to reach a deal with the bakery union, which went on strike Nov. 9. Rayburn said that Hostess was already operating on razor thin margins and that the strike was the final blow.\u003c/p>\n\u003cp>The company's announcement on Friday that it would move to liquidate prompted people across the country to rush to stores and stock up on their favorite Hostess treats. Many businesses reported selling out of Twinkies within hours and the spongy yellow cakes turned up for sale online for hundreds of dollars.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Even if Hostess goes out of business, its popular brands will likely find a second life after being snapped up by buyers. The company says several potential buyers have expressed interest in the brands. Although Hostess' sales have been declining in recent years, the company still does about $2.5 billion in business each year. Twinkies along brought in $68 million so far this year.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>(AP) Twinkies won't die that easily after all.\u003c/p>\n\u003cp>Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.\u003c/p>\n\u003cfigure id=\"attachment_80675\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Hostess-Twinkies-justin-sullivan-getty-images.jpg\">\u003cimg class=\"size-medium wp-image-80675 \" title=\"Hostess Twinkies justin sullivan getty images\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Hostess-Twinkies-justin-sullivan-getty-images-300x202.jpg\" alt=\"\" width=\"300\" height=\"202\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Hostess Twinkies (Justin Sullivan/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>The bankruptcy judge hearing the case said Monday that the parties haven't gone through the critical step of mediation and asked the lawyer for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which has been on strike on Nov. 9, to ask his client, who wasn't present, if the union would agree to participate. The judge noted that the bakery union went on strike after rejecting the company's latest contract offer, even though it never filed an objection to it.\u003c/p>\n\u003cp>\"Many people, myself included, have serious questions as to the logic behind this strike,\" said Judge Robert Drain, who heard the case in the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y. \"Not to have gone through that step leaves a huge question mark in this case.\"\u003c/p>\n\u003cp>Hostess and the union are expected to begin the mediation process on Tuesday.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://www.bctgm.org/2012/11/bctgm-joinder-submitted-to-u-s-bankruptcy-judge-robert-d-drain/\">In this legal document, the union explains why it won't make concessions.\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.sfgate.com/business/bloomberg/article/Hostess-to-Hold-Talks-With-Bakers-Union-on-4050767.php\">Hostess wants to pay bonuses to management while firing workers.\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.kqed.org/news/story/2012/11/16/111211/hostess_workers_will_be_out_as_bakery_announces_liquidation?category=bay+area\">Bay Area workers are affected\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp> \u003c/p>\n\u003c/aside>\n\u003cp>Irving, Texas-based Hostess, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it's asked the court for permission to sell assets and go out of business.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>It's a far cry from when the maker of Twinkies, Ding Dongs and Ho Ho's filed for bankruptcy in January, its second Chapter 11 filing in less than a decade. The company had hoped to emerge with stronger financials. It brought on CEO Gregory Rayburn as a restructuring expert and was working to renegotiate its contract with labor unions.\u003c/p>\n\u003cp>But Rayburn wasn't able to reach a deal with the bakery union, which went on strike Nov. 9. Rayburn said that Hostess was already operating on razor thin margins and that the strike was the final blow.\u003c/p>\n\u003cp>The company's announcement on Friday that it would move to liquidate prompted people across the country to rush to stores and stock up on their favorite Hostess treats. Many businesses reported selling out of Twinkies within hours and the spongy yellow cakes turned up for sale online for hundreds of dollars.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Even if Hostess goes out of business, its popular brands will likely find a second life after being snapped up by buyers. The company says several potential buyers have expressed interest in the brands. Although Hostess' sales have been declining in recent years, the company still does about $2.5 billion in business each year. Twinkies along brought in $68 million so far this year.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>LOS ANGELES (AP) — California coastal regulators were set to weigh in Wednesday on a utility's contentious plan to map offshore earthquake faults near a nuclear power plant by blasting loud air cannons.\u003c/p>\n\u003cfigure id=\"attachment_80258\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/DiabloCanyon.jpg\">\u003cimg class=\"size-full wp-image-80258\" title=\"DiabloCanyon\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/DiabloCanyon.jpg\" alt=\"\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Aerial view of the Diablo Canyon Nuclear Power Plant which sits on the edge of the Pacific Ocean at Avila Beach in San Luis Obispo County, California on March 17, 2011 (Mark Ralston//AFP/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Pacific Gas & Electric Co., which operates the Diablo Canyon facility, has proposed conducting a seismic survey that involves firing sonic pulses into the ocean. Sensors on the seafloor would pick up the echoes to create 3-D maps of geologic faults.\u003c/p>\n\u003cp>Environmentalists, fishermen and even the California Coastal Commission's staff have lined up against the project, fearing the high-decibel sounds would disturb sensitive marine mammals. In a report this month, the staff urged the panel to deny a permit to PG&E, citing \"significant and unavoidable impacts to marine resources.\"\u003c/p>\n\u003cp>The staff estimated more than 7,000 sea mammals would be affected by the ear-piercing noise, including fin whales, blue whales, humpback whales, and harbor porpoises. The 12 commissioners, who take staff opinion into consideration, have the final say. \u003c!--more-->Charles Lester, the commission's executive director, said seismic hazards around the seaside plant need to be better understood, but \"the case hasn't been made that this particular test is necessary in order to get those answers.\"\u003c/p>\n\u003cp>PG&E disagreed, saying that high-tech imaging is needed to understand the complex geology that other types of studies can't provide. The utility said similar research has been done around the world without long-term harm to animals.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The damage that strong shaking can cause to nuclear reactors came under scrutiny after the 9.0-magnitude earthquake off Japan's coast triggered tsunami waves, which swamped the Fukushima Dai-ichi plant last year.\u003c/p>\n\u003cp>Even before the Fukushima disaster, state law mandated that utilities conduct extensive seismic studies of nuclear facilities.\u003c/p>\n\u003cp>Perched on an 85-foot bluff along the scenic Central Coast, Diablo Canyon sits within three miles of two underwater earthquake faults, including one that was discovered in 2008.\u003c/p>\n\u003cp>PG&E's proposal is a four-pronged approach that includes the use of high-energy seismic imaging technology. Under the ratepayer-funded study, a research boat would tow 18 air guns that would emit sonic blasts into the ocean every 10 to 20 seconds for several days. The utility had hoped to conduct the seismic survey between November and December to avoid peak breeding and migration seasons.\u003c/p>\n\u003cp>In August, a State Lands Commission environmental impact study determined there would be unavoidable consequences to marine life during the testing. But the panel ultimately decided the project's benefits outweighed the environmental risks.\u003c/p>\n\u003cp>PG&E faces a big test before the coastal commission, which received scores of letters opposing the offshore study. Conservation groups contend the company has not done enough to explore other less damaging options.\u003c/p>\n\u003cp>\"If you're going to harm the coast, you've got to make sure that there's no alternative,\" said Michael Jasny, an attorney with Natural Resources Defense Council.\u003c/p>\n\u003cp>To minimize impact to sea life, PG&E proposed starting off with one air cannon at a low decibel before ramping up to full power. It also planned to have spotters on the vessel and in an aircraft to alert operators of marine mammals in the region. Air guns will be silenced and work will cease if an animal strays too close.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The twin-reactor Diablo Canyon generates enough electricity to power more than 3 million homes in Central and Northern California. After the Japanese nuclear crisis, the utility asked federal nuclear regulators to delay issuing extended operating permits until thorough seismic studies are completed. The permits expire in 2024 and 2025.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>LOS ANGELES (AP) — California coastal regulators were set to weigh in Wednesday on a utility's contentious plan to map offshore earthquake faults near a nuclear power plant by blasting loud air cannons.\u003c/p>\n\u003cfigure id=\"attachment_80258\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/DiabloCanyon.jpg\">\u003cimg class=\"size-full wp-image-80258\" title=\"DiabloCanyon\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/DiabloCanyon.jpg\" alt=\"\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Aerial view of the Diablo Canyon Nuclear Power Plant which sits on the edge of the Pacific Ocean at Avila Beach in San Luis Obispo County, California on March 17, 2011 (Mark Ralston//AFP/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Pacific Gas & Electric Co., which operates the Diablo Canyon facility, has proposed conducting a seismic survey that involves firing sonic pulses into the ocean. Sensors on the seafloor would pick up the echoes to create 3-D maps of geologic faults.\u003c/p>\n\u003cp>Environmentalists, fishermen and even the California Coastal Commission's staff have lined up against the project, fearing the high-decibel sounds would disturb sensitive marine mammals. In a report this month, the staff urged the panel to deny a permit to PG&E, citing \"significant and unavoidable impacts to marine resources.\"\u003c/p>\n\u003cp>The staff estimated more than 7,000 sea mammals would be affected by the ear-piercing noise, including fin whales, blue whales, humpback whales, and harbor porpoises. The 12 commissioners, who take staff opinion into consideration, have the final say. \u003c!--more-->Charles Lester, the commission's executive director, said seismic hazards around the seaside plant need to be better understood, but \"the case hasn't been made that this particular test is necessary in order to get those answers.\"\u003c/p>\n\u003cp>PG&E disagreed, saying that high-tech imaging is needed to understand the complex geology that other types of studies can't provide. The utility said similar research has been done around the world without long-term harm to animals.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The damage that strong shaking can cause to nuclear reactors came under scrutiny after the 9.0-magnitude earthquake off Japan's coast triggered tsunami waves, which swamped the Fukushima Dai-ichi plant last year.\u003c/p>\n\u003cp>Even before the Fukushima disaster, state law mandated that utilities conduct extensive seismic studies of nuclear facilities.\u003c/p>\n\u003cp>Perched on an 85-foot bluff along the scenic Central Coast, Diablo Canyon sits within three miles of two underwater earthquake faults, including one that was discovered in 2008.\u003c/p>\n\u003cp>PG&E's proposal is a four-pronged approach that includes the use of high-energy seismic imaging technology. Under the ratepayer-funded study, a research boat would tow 18 air guns that would emit sonic blasts into the ocean every 10 to 20 seconds for several days. The utility had hoped to conduct the seismic survey between November and December to avoid peak breeding and migration seasons.\u003c/p>\n\u003cp>In August, a State Lands Commission environmental impact study determined there would be unavoidable consequences to marine life during the testing. But the panel ultimately decided the project's benefits outweighed the environmental risks.\u003c/p>\n\u003cp>PG&E faces a big test before the coastal commission, which received scores of letters opposing the offshore study. Conservation groups contend the company has not done enough to explore other less damaging options.\u003c/p>\n\u003cp>\"If you're going to harm the coast, you've got to make sure that there's no alternative,\" said Michael Jasny, an attorney with Natural Resources Defense Council.\u003c/p>\n\u003cp>To minimize impact to sea life, PG&E proposed starting off with one air cannon at a low decibel before ramping up to full power. It also planned to have spotters on the vessel and in an aircraft to alert operators of marine mammals in the region. Air guns will be silenced and work will cease if an animal strays too close.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The twin-reactor Diablo Canyon generates enough electricity to power more than 3 million homes in Central and Northern California. After the Japanese nuclear crisis, the utility asked federal nuclear regulators to delay issuing extended operating permits until thorough seismic studies are completed. The permits expire in 2024 and 2025.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Raley’s and the United Food and Commercial Workers union announced on Tuesday that they have struck a deal ending a strike at the supermarket chain.\u003c/p>\n\u003cp>The details won’t be released until the deal is ratified by the union members, both parties said.\u003c/p>\n\u003cp>About 7,000 workers went on strike Nov. 4 at stores Raley’s owns under both the Raley’s and Nob Hill names.\u003c/p>\n\u003cp>Both the store management and the union leadership said they were happy with the tentative deal.\u003c/p>\n\u003cp>“This is very exciting because this contract provides us with the cost savings we need to fund our vision and the initiatives to make us more competitive in the 21st Century,“ said Mike Teel, president of Raley’s of Family Fine Stores in a statement on the \u003ca href=\"http://www.raleys.com/www/feature/media.jsp\">store’s website\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Jacques Loveall, president of UFCW Local 8 said the deal met some of the union’s core demands. “Because of your Solidarity and strength, we were able to address competitive challenges while also retaining and funding the Union health care plan for both active members and retirees,” he said on the \u003ca href=\"http://yourbreadandbutter.com/news/industry-discussions/\">union’s website\u003c/a>.\u003c/p>\n\u003cp>In a longer statement released as a YouTube video, Loveall hinted that the union had made concessions. “Our tentative agreement addresses the company’s competitive challenges,” he said:\u003cbr>\n\u003ciframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"http://www.youtube.com/embed/UCEhuy3NaKQ?rel=0\" frameborder=\"0\" allowfullscreen>\u003c/iframe>\u003c/p>\n\u003cp>Raley’s said it needed to cut costs because of competition from nonunion grocery stores. The store’s workers balked at a proposal to cut healthcare benefits for workers eligible for Medicare.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Raley’s claimed its revenues were rising after a dip from the strike, but may have felt pressured by deals the union struck with other unionized supermarkets, \u003ca href=\"http://www.sacbee.com/2012/11/13/4981885/raleys-union-deal.html\">the Sacramento Bee reported\u003c/a>.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Jacques Loveall, president of UFCW Local 8 said the deal met some of the union’s core demands. “Because of your Solidarity and strength, we were able to address competitive challenges while also retaining and funding the Union health care plan for both active members and retirees,” he said on the \u003ca href=\"http://yourbreadandbutter.com/news/industry-discussions/\">union’s website\u003c/a>.\u003c/p>\n\u003cp>In a longer statement released as a YouTube video, Loveall hinted that the union had made concessions. “Our tentative agreement addresses the company’s competitive challenges,” he said:\u003cbr>\n\u003ciframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"http://www.youtube.com/embed/UCEhuy3NaKQ?rel=0\" frameborder=\"0\" allowfullscreen>\u003c/iframe>\u003c/p>\n\u003cp>Raley’s said it needed to cut costs because of competition from nonunion grocery stores. The store’s workers balked at a proposal to cut healthcare benefits for workers eligible for Medicare.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Raley’s claimed its revenues were rising after a dip from the strike, but may have felt pressured by deals the union struck with other unionized supermarkets, \u003ca href=\"http://www.sacbee.com/2012/11/13/4981885/raleys-union-deal.html\">the Sacramento Bee reported\u003c/a>.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"slug": "putting-wine-into-your-cart-on-amazon-com",
"title": "Amazon's New Online Wine Shop: Industry Friend or Foe?",
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"headTitle": "Amazon’s New Online Wine Shop: Industry Friend or Foe? | KQED",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-79982\" title=\"RedWine\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine-300x176.jpg\" alt=\"\" width=\"300\" height=\"176\">\u003c/a>The world’s largest e-commerce site began its third foray into the world of wine Thursday. Amazon.com says customers can now order online from a list of nearly a thousand wines from around the country.\u003c/p>\n\u003cp>KQED News anchor Stephanie Martin spoke with reporter Cathy Bussewitz, who covers California’s wine country for the \u003ca title=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" href=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" target=\"_blank\" rel=\"noopener\">Santa Rosa Press Democrat\u003c/a>, about the online retailer’s latest move into another formerly offline commodity.\u003c/p>\n\u003cp>\u003cem>Edited transcript\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Amazon tried to do this in 1999 and then again 10 years later, and both efforts were very expensive failures. What went wrong ?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, at the time there were and there still are today a lot of regulatory hurdles for shipping wine directly to consumers. One of the main things that really changed is that about a year ago some of those regulations were relaxed, so a third-party provider like Amazon can now ship direct to consumers, as long as the winery itself remains in charge of the sale. That sort of paved the way for regulators to get back into the scene. \u003c!--more-->\u003cstrong>Stephanie Martin\u003c/strong>: The public relations director at Rodney Strong Vineyards, Robert Larson, really summed up the complicated nature of wine shipping when he said to you, “It’s a whole lot easier to send a gun to another state than it is to send a bottle of wine.” Even with the change that you just talked about, it’s still complicated, isn’t it?\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: It’s absolutely still complicated. And you’ll see, Amazon, even with their launch, is only going to be shipping to 13 states so far. So while this is a big change for the wine industry and for wineries’ ability to reach to states where they might not have much of a brand presence, it’s really the beginning phase.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: What’s the buzz in the North Coast wine region about Amazon’s move into the business?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, I think people are really intrigued by it and excited about what it might mean. And I think it’s also a little early to tell how this is really going to change things. But there’s a few large Sonoma County wineries that are participating in this, and Napa of course. But it’s not obvious that there’s a huge presence of North Coast wineries that are participating at this point, so it’ll be interesting to see how it unravels.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Who do you think is likely to benefit the most?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.pressdemocrat.com/article/20121108/BUSINESS/121109591\">Amazon launches online wine shop\u003c/a> (Santa Rosa Press Democrat)\u003c/aside>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think the perception is that it really depends on how a winery has structured its business. The shipping is going to be quite expensive for them. You’ll see that the customers who buy wine through Amazon.com are going to get good deals on the shipping, but the wineries are having to handle the cost, so they’re picking up the slack in terms of those discounts.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin:\u003c/strong> And who has reason to be concerned?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think some people would say that distributors have reason to be concerned. There’s a three-tier system that wineries have to navigate: they have to typically sell through a distributor and then a wholesaler and then a retailer. Amazon selling wine online sort of cuts out one step of the process, but you know some seem concerned about that, and others feel that it’s not really going to eat away at distributors’ business.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: And ultimately, what’s the benefit to consumers for using Amazon?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: They have an interesting setup on their web site. If you’re looking for Russian River Chardonnay, you can literally go through their web site, choose Sonoma County, choose a region, and search that way. So, they are providing an interesting way of shopping, in which you can really hone in on what you’re looking for.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>And, it sounds like the shipping is pretty good, too. So people who want to ship some wine for the holidays to their family, as long as their family lives in one of those 13 states, they’ll maybe have an easier time doing that and pay less for shipping.\u003c/p>\n\n",
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"description": "The world’s largest e-commerce site began its third foray into the world of wine Thursday. Amazon.com says customers can now order online from a list of nearly a thousand wines from around the country. KQED News anchor Stephanie Martin spoke with reporter Cathy Bussewitz, who covers California’s wine country for the Santa Rosa Press Democrat, about the online retailer's latest move into another formerly offline commodity. Edited transcript Stephanie Martin: Amazon tried to do this in 1999 and then again 10 years later, and both efforts were very expensive failures. What went wrong ? Cathy Bussewitz: Well, at the time ",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-79982\" title=\"RedWine\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/RedWine-300x176.jpg\" alt=\"\" width=\"300\" height=\"176\">\u003c/a>The world’s largest e-commerce site began its third foray into the world of wine Thursday. Amazon.com says customers can now order online from a list of nearly a thousand wines from around the country.\u003c/p>\n\u003cp>KQED News anchor Stephanie Martin spoke with reporter Cathy Bussewitz, who covers California’s wine country for the \u003ca title=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" href=\"http://www.pressdemocrat.com/article/20121108/business/121109591\" target=\"_blank\" rel=\"noopener\">Santa Rosa Press Democrat\u003c/a>, about the online retailer’s latest move into another formerly offline commodity.\u003c/p>\n\u003cp>\u003cem>Edited transcript\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Amazon tried to do this in 1999 and then again 10 years later, and both efforts were very expensive failures. What went wrong ?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, at the time there were and there still are today a lot of regulatory hurdles for shipping wine directly to consumers. One of the main things that really changed is that about a year ago some of those regulations were relaxed, so a third-party provider like Amazon can now ship direct to consumers, as long as the winery itself remains in charge of the sale. That sort of paved the way for regulators to get back into the scene. \u003c!--more-->\u003cstrong>Stephanie Martin\u003c/strong>: The public relations director at Rodney Strong Vineyards, Robert Larson, really summed up the complicated nature of wine shipping when he said to you, “It’s a whole lot easier to send a gun to another state than it is to send a bottle of wine.” Even with the change that you just talked about, it’s still complicated, isn’t it?\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: It’s absolutely still complicated. And you’ll see, Amazon, even with their launch, is only going to be shipping to 13 states so far. So while this is a big change for the wine industry and for wineries’ ability to reach to states where they might not have much of a brand presence, it’s really the beginning phase.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: What’s the buzz in the North Coast wine region about Amazon’s move into the business?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: Well, I think people are really intrigued by it and excited about what it might mean. And I think it’s also a little early to tell how this is really going to change things. But there’s a few large Sonoma County wineries that are participating in this, and Napa of course. But it’s not obvious that there’s a huge presence of North Coast wineries that are participating at this point, so it’ll be interesting to see how it unravels.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: Who do you think is likely to benefit the most?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.pressdemocrat.com/article/20121108/BUSINESS/121109591\">Amazon launches online wine shop\u003c/a> (Santa Rosa Press Democrat)\u003c/aside>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think the perception is that it really depends on how a winery has structured its business. The shipping is going to be quite expensive for them. You’ll see that the customers who buy wine through Amazon.com are going to get good deals on the shipping, but the wineries are having to handle the cost, so they’re picking up the slack in terms of those discounts.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin:\u003c/strong> And who has reason to be concerned?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: I think some people would say that distributors have reason to be concerned. There’s a three-tier system that wineries have to navigate: they have to typically sell through a distributor and then a wholesaler and then a retailer. Amazon selling wine online sort of cuts out one step of the process, but you know some seem concerned about that, and others feel that it’s not really going to eat away at distributors’ business.\u003c/p>\n\u003cp>\u003cstrong>Stephanie Martin\u003c/strong>: And ultimately, what’s the benefit to consumers for using Amazon?\u003c/p>\n\u003cp>\u003cstrong>Cathy Bussewitz\u003c/strong>: They have an interesting setup on their web site. If you’re looking for Russian River Chardonnay, you can literally go through their web site, choose Sonoma County, choose a region, and search that way. So, they are providing an interesting way of shopping, in which you can really hone in on what you’re looking for.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>And, it sounds like the shipping is pretty good, too. So people who want to ship some wine for the holidays to their family, as long as their family lives in one of those 13 states, they’ll maybe have an easier time doing that and pay less for shipping.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Atherton Gets Cash From Facebook ",
"title": "Atherton Gets Cash From Facebook ",
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"content": "\u003cp>\u003cem>By Matt Drange, \u003ca href=\"http://www.baycitizen.org/technology/story/atherton-gets-cash-facebook-over-traffic/\" target=\"_blank\">The Bay Citizen\u003c/a>\u003c/em>\u003c/p>\n\u003cp>Facebook’s move to Menlo Park late last year has created a small windfall for one of the richest communities on the Peninsula.\u003c/p>\n\u003cfigure id=\"attachment_79904\" class=\"wp-caption alignleft\" style=\"max-width: 235px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\">\u003cimg class=\"size-full wp-image-79904\" title=\"facebookHQ\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\" alt=\"\" width=\"235\" height=\"230\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Facebook's new headquarters are pictured in Menlo Park on Tuesday, Aug. 2, 2011 (Noah Berger/The Bay Citizen)\u003c/figcaption>\u003c/figure>\n\u003cp>The town of Atherton, a wealthy enclave near the new Facebook campus, received $350,000 from the social media giant last month to allay its concerns over increased traffic.\u003c/p>\n\u003cp>Now the question for the town of 7,000 people is what to do with the cash.\u003c/p>\n\u003cp>“We’re not in a big hurry to spend the money,” said Atherton Mayor Bill Widmer. “We have a number of issues we’re looking at.”\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The payment is the smallest Facebook has made to appease its new hometown and neighboring communities.\u003c/p>\n\u003cp>East Palo Alto, one of the poorest cities in the region, received $650,000 from Facebook to compensate for increased congestion on its streets. \u003c!--more-->Menlo Park, meanwhile, received $1.1 million to finance street improvements and other projects to handle the thousands of employees working at the new location. \u003c/p>\n\u003cp>Facebook also will pay Menlo Park at least $8.5 million over the next 10 years to offset the loss of local sales taxes formerly generated by Sun Microsystems, the computer software company that used to occupy the space Facebook now calls home. Menlo Park does not levy a sales tax on online advertisements, a major source of revenue for Facebook. \u003c!--more-->\u003c/p>\n\u003cp>Facebook, which moved from its Palo Alto location last year, employs roughly 2,500 people in Menlo Park. In coming years, it hopes to have 9,400 employees at the new site and a planned campus nearby. The company expects to break ground on the new facility next year and complete it by 2015.\u003c/p>\n\u003cp>After Atherton initially opposed Facebook’s move, the two \u003ca href=\"https://www.documentcloud.org/documents/509332-atherton-facebook-agreement.html\">reached an agreement in early July\u003c/a>; the deal prohibits the town from filing a lawsuit against the company over the project.\u003c/p>\n\u003cp>Atherton, tucked between Menlo Park and Redwood City, is known for its tree-lined streets and secluded mansions. Per-capita income is $107,000 a year, according to the latest Census data, nearly four times the state average. There are few sidewalks or bicycle lanes, giving the city a more rural vibe than its Silicon Valley neighbors to the south.\u003c/p>\n\u003cp>The town’s annual budget is a little more than $10 million, with more than half going to public safety, Widmer said. Among the services the city provides are vacation home checks by police officers.\u003c/p>\n\u003cp>The idea behind the one-time payment was to compensate the town for increased traffic at the intersection of Marsh and Middlefield roads, about 5 miles from Facebook’s new campus.\u003c/p>\n\u003cp>The T-shaped intersection, which has one lane in each direction, is likely to become a main thoroughfare for cars traveling to Facebook. One possible solution is to remove a roadside drainage channel and add an extra turn lane.\u003c/p>\n\u003cp>In addition to the one-time payment of $350,000, Facebook agreed to provide Atherton up to $15,000 of consulting work for transportation initiatives, including improvements to bicycle lanes around the town. Last month, Atherton took the first step in developing a bicycle-pedestrian master plan.\u003c/p>\n\u003cp>So far, the $350,000 remains untouched in the town’s general fund.\u003c/p>\n\u003cp>“There are no restrictions as to how it can be spent,” said Widmer, who was quick to add that it is up to the Atherton City Council to decide how to allocate the money. “The intention was that we would more or less earmark that money so it’s used for traffic-related activity.”\u003c/p>\n\u003cdiv id=\"DV-viewer-509347-atherton-facebook-agreement\" class=\"DV-container\">\u003c/div>\n\u003cp>\u003cscript src=\"//s3.amazonaws.com/s3.documentcloud.org/viewer/loader.js\">\u003c/script>\u003cbr>\n\u003cscript>\n DV.load(\"//www.documentcloud.org/documents/509347-atherton-facebook-agreement.js\", {\n width: 550,\n height: 600,\n sidebar: false,\n pdf: false,\n container: \"#DV-viewer-509347-atherton-facebook-agreement\"\n });\n\u003c/script>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story was produced by The Bay Citizen, a project of the Center for Investigative Reporting. Learn more at www.baycitizen.org.\u003c/em>\u003c/p>\n\n",
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"description": "By Matt Drange, The Bay Citizen Facebook’s move to Menlo Park late last year has created a small windfall for one of the richest communities on the Peninsula. The town of Atherton, a wealthy enclave near the new Facebook campus, received $350,000 from the social media giant last month to allay its concerns over increased",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>By Matt Drange, \u003ca href=\"http://www.baycitizen.org/technology/story/atherton-gets-cash-facebook-over-traffic/\" target=\"_blank\">The Bay Citizen\u003c/a>\u003c/em>\u003c/p>\n\u003cp>Facebook’s move to Menlo Park late last year has created a small windfall for one of the richest communities on the Peninsula.\u003c/p>\n\u003cfigure id=\"attachment_79904\" class=\"wp-caption alignleft\" style=\"max-width: 235px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\">\u003cimg class=\"size-full wp-image-79904\" title=\"facebookHQ\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/facebookHQ.jpg\" alt=\"\" width=\"235\" height=\"230\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Facebook's new headquarters are pictured in Menlo Park on Tuesday, Aug. 2, 2011 (Noah Berger/The Bay Citizen)\u003c/figcaption>\u003c/figure>\n\u003cp>The town of Atherton, a wealthy enclave near the new Facebook campus, received $350,000 from the social media giant last month to allay its concerns over increased traffic.\u003c/p>\n\u003cp>Now the question for the town of 7,000 people is what to do with the cash.\u003c/p>\n\u003cp>“We’re not in a big hurry to spend the money,” said Atherton Mayor Bill Widmer. “We have a number of issues we’re looking at.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The payment is the smallest Facebook has made to appease its new hometown and neighboring communities.\u003c/p>\n\u003cp>East Palo Alto, one of the poorest cities in the region, received $650,000 from Facebook to compensate for increased congestion on its streets. \u003c!--more-->Menlo Park, meanwhile, received $1.1 million to finance street improvements and other projects to handle the thousands of employees working at the new location. \u003c/p>\n\u003cp>Facebook also will pay Menlo Park at least $8.5 million over the next 10 years to offset the loss of local sales taxes formerly generated by Sun Microsystems, the computer software company that used to occupy the space Facebook now calls home. Menlo Park does not levy a sales tax on online advertisements, a major source of revenue for Facebook. \u003c!--more-->\u003c/p>\n\u003cp>Facebook, which moved from its Palo Alto location last year, employs roughly 2,500 people in Menlo Park. In coming years, it hopes to have 9,400 employees at the new site and a planned campus nearby. The company expects to break ground on the new facility next year and complete it by 2015.\u003c/p>\n\u003cp>After Atherton initially opposed Facebook’s move, the two \u003ca href=\"https://www.documentcloud.org/documents/509332-atherton-facebook-agreement.html\">reached an agreement in early July\u003c/a>; the deal prohibits the town from filing a lawsuit against the company over the project.\u003c/p>\n\u003cp>Atherton, tucked between Menlo Park and Redwood City, is known for its tree-lined streets and secluded mansions. Per-capita income is $107,000 a year, according to the latest Census data, nearly four times the state average. There are few sidewalks or bicycle lanes, giving the city a more rural vibe than its Silicon Valley neighbors to the south.\u003c/p>\n\u003cp>The town’s annual budget is a little more than $10 million, with more than half going to public safety, Widmer said. Among the services the city provides are vacation home checks by police officers.\u003c/p>\n\u003cp>The idea behind the one-time payment was to compensate the town for increased traffic at the intersection of Marsh and Middlefield roads, about 5 miles from Facebook’s new campus.\u003c/p>\n\u003cp>The T-shaped intersection, which has one lane in each direction, is likely to become a main thoroughfare for cars traveling to Facebook. One possible solution is to remove a roadside drainage channel and add an extra turn lane.\u003c/p>\n\u003cp>In addition to the one-time payment of $350,000, Facebook agreed to provide Atherton up to $15,000 of consulting work for transportation initiatives, including improvements to bicycle lanes around the town. Last month, Atherton took the first step in developing a bicycle-pedestrian master plan.\u003c/p>\n\u003cp>So far, the $350,000 remains untouched in the town’s general fund.\u003c/p>\n\u003cp>“There are no restrictions as to how it can be spent,” said Widmer, who was quick to add that it is up to the Atherton City Council to decide how to allocate the money. “The intention was that we would more or less earmark that money so it’s used for traffic-related activity.”\u003c/p>\n\u003cdiv id=\"DV-viewer-509347-atherton-facebook-agreement\" class=\"DV-container\">\u003c/div>\n\u003cp>\u003cscript src=\"//s3.amazonaws.com/s3.documentcloud.org/viewer/loader.js\">\u003c/script>\u003cbr>\n\u003cscript>\n DV.load(\"//www.documentcloud.org/documents/509347-atherton-facebook-agreement.js\", {\n width: 550,\n height: 600,\n sidebar: false,\n pdf: false,\n container: \"#DV-viewer-509347-atherton-facebook-agreement\"\n });\n\u003c/script>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story was produced by The Bay Citizen, a project of the Center for Investigative Reporting. Learn more at www.baycitizen.org.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Bay Area Nonprofits Defend Some Tax Breaks for The Wealthy",
"title": "Bay Area Nonprofits Defend Some Tax Breaks for The Wealthy",
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"content": "\u003cp>by Amy Julia Harris, \u003ca href=\"http://www.baycitizen.org/taxes/story/bay-area-nonprofits-defend-some-tax/\">The Bay Citizen\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/BayCitizenLogo1.png\">\u003cimg class=\"alignleft size-full wp-image-79756\" title=\"BayCitizenLogo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/BayCitizenLogo1.png\" alt=\"\" width=\"218\" height=\"74\">\u003c/a>They help drug addicts in the Tenderloin, feed hungry children and aid struggling public schools. They’re also big fans of tax breaks for America’s millionaires.\u003c/p>\n\u003cp>Bay Area nonprofits, which often advocate for some of the neediest Americans, are finding themselves the unlikely defenders of a politically unpopular stance: keeping some tax loopholes for the rich.\u003c/p>\n\u003cfigure id=\"attachment_79742\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Money-Sleeve.jpg\">\u003cimg class=\"size-medium wp-image-79742\" title=\"Money Sleeve\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Money-Sleeve-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Jupiter Images)\u003c/figcaption>\u003c/figure>\n\u003cp>“It’s a paradox,” said Jan Masaoka, CEO of the California Association of Nonprofits, a coalition of more than 1,600 charities. “The nonprofit sector, which roots for the underdog, supports tax breaks to the wealthy because charitable deductions help us.”\u003c/p>\n\u003cp>Tax policy has been a hot topic in this year’s presidential campaign, with both candidates floating proposals to broaden the tax base by eliminating tax breaks for the wealthiest Americans.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>While Republican candidate Mitt Romney has been vague on specifics, he has said he wants to limit the wealthiest taxpayers’ deductions, which could directly affect charities’ bottom lines. In the Oct. 3 presidential debate, he proposed putting a $25,000 or $50,000 cap on all itemized deductions.\u003c!--more-->\u003c/p>\n\u003cp>President Barack Obama’s 2013 budget proposal pushed for capping the charitable deduction at 28 percent for taxpayers at the highest marginal income rate. Those are individuals whose annual income is greater than $200,000 and couples with income that exceeds $250,000.\u003c/p>\n\u003cp>Although Obama’s plan would have less effect than Romney’s, it too would shrink incentives for top earners to donate to charities.\u003c/p>\n\u003cp>Most voters generally favor closing tax loopholes for the upper tier of earners, but a key loophole – the itemized deduction for charitable giving – has become a major lifeline for charities. Limiting those tax incentives means it would be more expensive for many Americans to donate to charities.\u003c/p>\n\u003cp>That’s a big worry for the San Francisco Bay Area, home to one of the largest nonprofit sectors in the nation. By one estimate from the Stanford Project on the Evolution of Nonprofits, there are more than 9,800 nonprofits in the Bay Area alone. Those groups spent $41 billion in 2000, representing nearly 14 percent of the total regional gross domestic product, according to the study.\u003c/p>\n\u003cp>Officials say it’s not surprising that charities across the board support tax deductions that encourage philanthropy: People get a tax write-off, and\u003cstrong> \u003c/strong>charities get a donation.\u003c/p>\n\u003cp>“Clearly, the nonprofit sector supports it,” said Colin Lacon, president and CEO of the Northern California Grantmakers, a membership association for philanthropic associations. “It’s a way to encourage those who have the income to give.”\u003c/p>\n\u003cp>With nonprofits already scrounging for money in a climate of dwindling public funds and competitive government grants, donations – often from wealthy donors – are becoming more important to many charities.\u003c/p>\n\u003cp>“Public funds are getting tighter and tighter on the state and national level, so what you’re finding is that folks are expanding their search for donors and private sources,” Lacon said. “But they don’t match up. Public dollars are huge. It creates some pressure that says the philanthropic community has to fill the gap.”\u003c/p>\n\u003cp>Wealthy donors are hugely important to charities. Of the nearly $300 billion donated to charities last year, individuals donated more than 70 percent, according to a \u003ca href=\"http://newsroom.bankofamerica.com/press-release/global-wealth-and-investment-management/2012-bank-america-study-high-net-worth-philant\">Bank of America study\u003c/a> released last week. Roughly half of that was donated by the wealthiest 3 percent of American households.\u003c/p>\n\u003cp>There’s ongoing debate about how much of an impact closing tax loopholes would have on charitable giving, but almost everyone agrees that as tax incentives go down, so do donations.\u003c/p>\n\u003cp>“Some people want to give whether they get a tax break or not,” said Micheline Savarin of the United Way of the Bay Area, one of the largest area nonprofits that provides food, shelter, after-school help and work training to impoverished local communities. “I would hope (changing tax policy) wouldn’t affect the giving, but it probably would.”\u003c/p>\n\u003cp>Martin Feldstein, an economics professor at Harvard University, estimated that if politicians completely axed income tax deductions for charitable contributions, donations to education nonprofits and hospitals would drop 40 to 65 percent.\u003c/p>\n\u003cp>But major donations don’t look like they’re going to evaporate anytime soon.\u003c/p>\n\u003cp>More than half of households with annual income of more than $200,000 or a net worth of more than $1 million said they would maintain their level of giving even if they couldn’t take any deductions, according to last week’s Bank of America study.\u003c/p>\n\u003cp>Masaoka, of the California Association of Nonprofits, said presidential tax policy is important for charities because some people’s donations are spurred by tax write-offs, but nonprofits are still primarily banking on plain old generosity.\u003c/p>\n\u003cp>“For the most part, people give to nonprofits because they care about this or that art museum or cause, not because they want a tax deduction,” she said.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story was produced by The Bay Citizen, a project of the Center for Investigative Reporting. Learn more at www.baycitizen.org.\u003c/em>\u003c/p>\n\n",
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"description": "by Amy Julia Harris, The Bay Citizen They help drug addicts in the Tenderloin, feed hungry children and aid struggling public schools. They’re also big fans of tax breaks for America’s millionaires. Bay Area nonprofits, which often advocate for some of the neediest Americans, are finding themselves the unlikely defenders of a politically unpopular stance:",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>by Amy Julia Harris, \u003ca href=\"http://www.baycitizen.org/taxes/story/bay-area-nonprofits-defend-some-tax/\">The Bay Citizen\u003c/a>\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/BayCitizenLogo1.png\">\u003cimg class=\"alignleft size-full wp-image-79756\" title=\"BayCitizenLogo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/BayCitizenLogo1.png\" alt=\"\" width=\"218\" height=\"74\">\u003c/a>They help drug addicts in the Tenderloin, feed hungry children and aid struggling public schools. They’re also big fans of tax breaks for America’s millionaires.\u003c/p>\n\u003cp>Bay Area nonprofits, which often advocate for some of the neediest Americans, are finding themselves the unlikely defenders of a politically unpopular stance: keeping some tax loopholes for the rich.\u003c/p>\n\u003cfigure id=\"attachment_79742\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Money-Sleeve.jpg\">\u003cimg class=\"size-medium wp-image-79742\" title=\"Money Sleeve\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/11/Money-Sleeve-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Jupiter Images)\u003c/figcaption>\u003c/figure>\n\u003cp>“It’s a paradox,” said Jan Masaoka, CEO of the California Association of Nonprofits, a coalition of more than 1,600 charities. “The nonprofit sector, which roots for the underdog, supports tax breaks to the wealthy because charitable deductions help us.”\u003c/p>\n\u003cp>Tax policy has been a hot topic in this year’s presidential campaign, with both candidates floating proposals to broaden the tax base by eliminating tax breaks for the wealthiest Americans.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>While Republican candidate Mitt Romney has been vague on specifics, he has said he wants to limit the wealthiest taxpayers’ deductions, which could directly affect charities’ bottom lines. In the Oct. 3 presidential debate, he proposed putting a $25,000 or $50,000 cap on all itemized deductions.\u003c!--more-->\u003c/p>\n\u003cp>President Barack Obama’s 2013 budget proposal pushed for capping the charitable deduction at 28 percent for taxpayers at the highest marginal income rate. Those are individuals whose annual income is greater than $200,000 and couples with income that exceeds $250,000.\u003c/p>\n\u003cp>Although Obama’s plan would have less effect than Romney’s, it too would shrink incentives for top earners to donate to charities.\u003c/p>\n\u003cp>Most voters generally favor closing tax loopholes for the upper tier of earners, but a key loophole – the itemized deduction for charitable giving – has become a major lifeline for charities. Limiting those tax incentives means it would be more expensive for many Americans to donate to charities.\u003c/p>\n\u003cp>That’s a big worry for the San Francisco Bay Area, home to one of the largest nonprofit sectors in the nation. By one estimate from the Stanford Project on the Evolution of Nonprofits, there are more than 9,800 nonprofits in the Bay Area alone. Those groups spent $41 billion in 2000, representing nearly 14 percent of the total regional gross domestic product, according to the study.\u003c/p>\n\u003cp>Officials say it’s not surprising that charities across the board support tax deductions that encourage philanthropy: People get a tax write-off, and\u003cstrong> \u003c/strong>charities get a donation.\u003c/p>\n\u003cp>“Clearly, the nonprofit sector supports it,” said Colin Lacon, president and CEO of the Northern California Grantmakers, a membership association for philanthropic associations. “It’s a way to encourage those who have the income to give.”\u003c/p>\n\u003cp>With nonprofits already scrounging for money in a climate of dwindling public funds and competitive government grants, donations – often from wealthy donors – are becoming more important to many charities.\u003c/p>\n\u003cp>“Public funds are getting tighter and tighter on the state and national level, so what you’re finding is that folks are expanding their search for donors and private sources,” Lacon said. “But they don’t match up. Public dollars are huge. It creates some pressure that says the philanthropic community has to fill the gap.”\u003c/p>\n\u003cp>Wealthy donors are hugely important to charities. Of the nearly $300 billion donated to charities last year, individuals donated more than 70 percent, according to a \u003ca href=\"http://newsroom.bankofamerica.com/press-release/global-wealth-and-investment-management/2012-bank-america-study-high-net-worth-philant\">Bank of America study\u003c/a> released last week. Roughly half of that was donated by the wealthiest 3 percent of American households.\u003c/p>\n\u003cp>There’s ongoing debate about how much of an impact closing tax loopholes would have on charitable giving, but almost everyone agrees that as tax incentives go down, so do donations.\u003c/p>\n\u003cp>“Some people want to give whether they get a tax break or not,” said Micheline Savarin of the United Way of the Bay Area, one of the largest area nonprofits that provides food, shelter, after-school help and work training to impoverished local communities. “I would hope (changing tax policy) wouldn’t affect the giving, but it probably would.”\u003c/p>\n\u003cp>Martin Feldstein, an economics professor at Harvard University, estimated that if politicians completely axed income tax deductions for charitable contributions, donations to education nonprofits and hospitals would drop 40 to 65 percent.\u003c/p>\n\u003cp>But major donations don’t look like they’re going to evaporate anytime soon.\u003c/p>\n\u003cp>More than half of households with annual income of more than $200,000 or a net worth of more than $1 million said they would maintain their level of giving even if they couldn’t take any deductions, according to last week’s Bank of America study.\u003c/p>\n\u003cp>Masaoka, of the California Association of Nonprofits, said presidential tax policy is important for charities because some people’s donations are spurred by tax write-offs, but nonprofits are still primarily banking on plain old generosity.\u003c/p>\n\u003cp>“For the most part, people give to nonprofits because they care about this or that art museum or cause, not because they want a tax deduction,” she said.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This story was produced by The Bay Citizen, a project of the Center for Investigative Reporting. Learn more at www.baycitizen.org.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>It’s a hard time to find an affordable place in the city. Rents have \u003ca href=\"http://www.kqed.org/news/story/2012/10/23/109957/san_francisco_rental_market_drives_applicants_to_extremes?category=economy\" target=\"_blank\" rel=\"noopener\">climbed 10 percent\u003c/a>at a time of year when they’re normally going down. Exacerbating the problem, San Francisco \u003ca href=\"http://www.sfredevelopment.org/index.aspx?page=75\" target=\"_blank\" rel=\"noopener\">lost millions of dollars\u003c/a> in low-income housing funding when Gov. Jerry Brown dissolved redevelopment agencies back in February.\u003c/p>\n\u003cp>In San Francisco, “affordable housing” is mainly a network of low-cost apartments spread throughout the city that house a variety of residents from the elderly, disabled, veterans, families, formerly homeless to immigrants.\u003c/p>\n\u003cp>Even when there was redevelopment funding, it was still difficult for low-income residents to land an apartment. For instance at Crocker Amazon Seniors \u003ca href=\"https://mail.kqed.org/owa/redir.aspx?C=e1d59af7daae4cd08611543a75604eaf&URL=http%3a%2f%2fwww.sfgate.com%2frealestate%2frentals\" target=\"_blank\" rel=\"noopener\">Apartments\u003c/a> there were 1,600 applicants for 37 studio and one-bedroom apartments when it opened in 2005.\u003c/p>\n\u003cp>Supporters of \u003ca href=\"http://blogs.kqed.org/election2012/2012/10/23/san-francisco-propositions-local-races/\" target=\"_blank\" rel=\"noopener\">Proposition C\u003c/a> on the Nov. 6 ballot are asking voters to earmark funding for affordable housing and down payment assistance. \u003ca href=\"http://www.sfmayor.org/\">Mayor Ed Lee’s\u003c/a> proposal would create a Housing Trust Fund which would amount to $1.4 billion over the next 30 years. It would develop 30,000 affordable rental units over the next three decades.\u003c/p>\n\u003cp>In an effort to see who Proposition C would directly impact, The California Report’s advanced intern Catherine Borgeson visited residents under the \u003ca href=\"http://www.sfccho.org/\" target=\"_blank\" rel=\"noopener\">San Francisco Council of Community Housing Organizations\u003c/a>, which includes 20 non-profit housing organizations and religious groups.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79507\" title=\"Fred-and-Jem\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Fred-and-Jem.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Fred DeJamco (age 40) and Jeamylee DeJamco (age 42)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: The Curran House, Studio apartment for three people\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: 30 percent of income\u003c/p>\n\u003cp>Fred DeJamco, his wife Jeamylee and their 10 year-old son Jeremy have lived in their studio apartment for almost two years. Prior to the Curran House, they lived at a different \u003ca href=\"http://www.tndc.org/\">Tenderloin Neighborhood Development Corporation\u003c/a> (TNDC) building called Franciscan Towers. A fire broke out at the Franciscan Towers last year, displacing all of the residents (more than 100 households). The DeJamcos were entered into a lottery along with the other displaced tenants. They were relocated to the Curran House with the winning ticket #29.\u003c/p>\n\u003cp>\u003c!--more-->The Curran House is an affordable housing development for low-income families. It is a 67-unit complex with 14 studios, 15 one-bedrooms, 14 two-bedrooms and 24 three-bedroom apartments. Residents have access to on-site support services such as after school programs and social workers. It was completed in 2005 and cost $22.6 million to develop.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79508\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Lorenzo.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp> \u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79509\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Gabby-1.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Lorenzo Listana (age 52) and Gabbie Listana (age 4)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: The Curran House, 3-bedroom apartment for four people\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $1,222/month\u003c/p>\n\u003cp>Lorenzo Listana and his family have lived in the Tenderloin for the past six years. After immigrating to San Francisco from the Philippines, Listana began organizing Filipinos in the community. In September 2010 he became a Community Organizer for the \u003ca href=\"http://www.tndc.org/\">TNDC\u003c/a>. Listana oversees the roof-top community garden for the Curran House residents. Currently his two sons, Nicu (age 19) and Paolo (age 20), live away from home to attend college while he, his wife Cecil (age 45) and his two younger daughters, Gabbie and Precious (age 15), live together in their three bedroom apartment.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79510\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Connie-take-2.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Connie Moy (age 82)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: Maria Manor, Studio apartment for one person\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $300/month\u003c/p>\n\u003cp>Connie Moy has lived in the Maria Manor for the past 16 years. Her 150 square-foot unit is on the top floor overlooking the city. The room includes a kitchenette and a bathroom.\u003c/p>\n\u003cp>Connie Moy came to San Francisco after retiring as a Blackjack dealer in Reno, Nevada. She immigrated to the United States from China in 1947. She has seven children, 14 grandchildren and two great-grandchildren. She volunteers her free time by distributing produce and making coffee for fellow Maria Manor residents. She also acts as a translator for many of her neighbors—approximately 40 percent of the tenants are monolingual Chinese speakers.\u003c/p>\n\u003cp>The Maria Manor is a 119-unit complex for extremely low-income and disabled seniors. Renovation of this development was completed in 2003 at the cost of $12.7 million.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79511\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Guizhi.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Guizhi Shen (age 82)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: Maria Manor, Studio apartment for one person\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $300/month\u003c/p>\n\u003cp>Guizhi Shen has lived across the hallway from Connie Moy for the past 14 years. Her unit is the mirror-image of her neighbor’s but she has a view of trees rather than buildings. Before coming to San Francisco, Guizhi Shen was an Opera singer in Shenghui, China. She is actively involved with a social club for Maria Manor residents from Shenghui.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79512\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ralph.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Ralph Reyes (age 64)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: Bishop Swing Community House, Studio apartment for one person\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $380/month\u003c/p>\n\u003cp>Ralph Reyes has lived at the Bishop Swing Community House for the past year. Before renting his 349 square-foot unit, he lived with his grandmother for six years. After she passed away, he spent the next 18 months staying at two to three different shelters. Reyes served as a cook in the Army during the Korean War. His income comes from his pension, disability and unemployment benefits. His goals include focusing on his health and practicing the guitar.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The Bishop Swing Community House is home to 134 formerly homeless men and women. Each unit is single room occupancy and includes a mini-kitchen (no oven) and full private bathroom. Case workers and clinicians are available to help residents retain their housing. The 88,000 square foot building is property to the \u003ca href=\"http://www.ecs-sf.org/aboutus.html\">Episcopal Community Services\u003c/a>.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>It’s a hard time to find an affordable place in the city. Rents have \u003ca href=\"http://www.kqed.org/news/story/2012/10/23/109957/san_francisco_rental_market_drives_applicants_to_extremes?category=economy\" target=\"_blank\" rel=\"noopener\">climbed 10 percent\u003c/a>at a time of year when they’re normally going down. Exacerbating the problem, San Francisco \u003ca href=\"http://www.sfredevelopment.org/index.aspx?page=75\" target=\"_blank\" rel=\"noopener\">lost millions of dollars\u003c/a> in low-income housing funding when Gov. Jerry Brown dissolved redevelopment agencies back in February.\u003c/p>\n\u003cp>In San Francisco, “affordable housing” is mainly a network of low-cost apartments spread throughout the city that house a variety of residents from the elderly, disabled, veterans, families, formerly homeless to immigrants.\u003c/p>\n\u003cp>Even when there was redevelopment funding, it was still difficult for low-income residents to land an apartment. For instance at Crocker Amazon Seniors \u003ca href=\"https://mail.kqed.org/owa/redir.aspx?C=e1d59af7daae4cd08611543a75604eaf&URL=http%3a%2f%2fwww.sfgate.com%2frealestate%2frentals\" target=\"_blank\" rel=\"noopener\">Apartments\u003c/a> there were 1,600 applicants for 37 studio and one-bedroom apartments when it opened in 2005.\u003c/p>\n\u003cp>Supporters of \u003ca href=\"http://blogs.kqed.org/election2012/2012/10/23/san-francisco-propositions-local-races/\" target=\"_blank\" rel=\"noopener\">Proposition C\u003c/a> on the Nov. 6 ballot are asking voters to earmark funding for affordable housing and down payment assistance. \u003ca href=\"http://www.sfmayor.org/\">Mayor Ed Lee’s\u003c/a> proposal would create a Housing Trust Fund which would amount to $1.4 billion over the next 30 years. It would develop 30,000 affordable rental units over the next three decades.\u003c/p>\n\u003cp>In an effort to see who Proposition C would directly impact, The California Report’s advanced intern Catherine Borgeson visited residents under the \u003ca href=\"http://www.sfccho.org/\" target=\"_blank\" rel=\"noopener\">San Francisco Council of Community Housing Organizations\u003c/a>, which includes 20 non-profit housing organizations and religious groups.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79507\" title=\"Fred-and-Jem\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Fred-and-Jem.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Fred DeJamco (age 40) and Jeamylee DeJamco (age 42)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: The Curran House, Studio apartment for three people\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: 30 percent of income\u003c/p>\n\u003cp>Fred DeJamco, his wife Jeamylee and their 10 year-old son Jeremy have lived in their studio apartment for almost two years. Prior to the Curran House, they lived at a different \u003ca href=\"http://www.tndc.org/\">Tenderloin Neighborhood Development Corporation\u003c/a> (TNDC) building called Franciscan Towers. A fire broke out at the Franciscan Towers last year, displacing all of the residents (more than 100 households). The DeJamcos were entered into a lottery along with the other displaced tenants. They were relocated to the Curran House with the winning ticket #29.\u003c/p>\n\u003cp>\u003c!--more-->The Curran House is an affordable housing development for low-income families. It is a 67-unit complex with 14 studios, 15 one-bedrooms, 14 two-bedrooms and 24 three-bedroom apartments. Residents have access to on-site support services such as after school programs and social workers. It was completed in 2005 and cost $22.6 million to develop.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79508\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Lorenzo.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp> \u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79509\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Gabby-1.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Lorenzo Listana (age 52) and Gabbie Listana (age 4)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: The Curran House, 3-bedroom apartment for four people\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $1,222/month\u003c/p>\n\u003cp>Lorenzo Listana and his family have lived in the Tenderloin for the past six years. After immigrating to San Francisco from the Philippines, Listana began organizing Filipinos in the community. In September 2010 he became a Community Organizer for the \u003ca href=\"http://www.tndc.org/\">TNDC\u003c/a>. Listana oversees the roof-top community garden for the Curran House residents. Currently his two sons, Nicu (age 19) and Paolo (age 20), live away from home to attend college while he, his wife Cecil (age 45) and his two younger daughters, Gabbie and Precious (age 15), live together in their three bedroom apartment.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79510\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Connie-take-2.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Connie Moy (age 82)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: Maria Manor, Studio apartment for one person\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $300/month\u003c/p>\n\u003cp>Connie Moy has lived in the Maria Manor for the past 16 years. Her 150 square-foot unit is on the top floor overlooking the city. The room includes a kitchenette and a bathroom.\u003c/p>\n\u003cp>Connie Moy came to San Francisco after retiring as a Blackjack dealer in Reno, Nevada. She immigrated to the United States from China in 1947. She has seven children, 14 grandchildren and two great-grandchildren. She volunteers her free time by distributing produce and making coffee for fellow Maria Manor residents. She also acts as a translator for many of her neighbors—approximately 40 percent of the tenants are monolingual Chinese speakers.\u003c/p>\n\u003cp>The Maria Manor is a 119-unit complex for extremely low-income and disabled seniors. Renovation of this development was completed in 2003 at the cost of $12.7 million.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79511\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/Guizhi.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Guizhi Shen (age 82)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: Maria Manor, Studio apartment for one person\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $300/month\u003c/p>\n\u003cp>Guizhi Shen has lived across the hallway from Connie Moy for the past 14 years. Her unit is the mirror-image of her neighbor’s but she has a view of trees rather than buildings. Before coming to San Francisco, Guizhi Shen was an Opera singer in Shenghui, China. She is actively involved with a social club for Maria Manor residents from Shenghui.\u003c/p>\n\u003cp>\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79512\" title=\"\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/ralph.jpg\" alt=\"\" width=\"640\" height=\"426\">\u003c/p>\n\u003cp>\u003cstrong>Name\u003c/strong>: Ralph Reyes (age 64)\u003c/p>\n\u003cp>\u003cstrong>Housing\u003c/strong>: Bishop Swing Community House, Studio apartment for one person\u003c/p>\n\u003cp>\u003cstrong>Rent\u003c/strong>: $380/month\u003c/p>\n\u003cp>Ralph Reyes has lived at the Bishop Swing Community House for the past year. Before renting his 349 square-foot unit, he lived with his grandmother for six years. After she passed away, he spent the next 18 months staying at two to three different shelters. Reyes served as a cook in the Army during the Korean War. His income comes from his pension, disability and unemployment benefits. His goals include focusing on his health and practicing the guitar.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The Bishop Swing Community House is home to 134 formerly homeless men and women. Each unit is single room occupancy and includes a mini-kitchen (no oven) and full private bathroom. Case workers and clinicians are available to help residents retain their housing. The 88,000 square foot building is property to the \u003ca href=\"http://www.ecs-sf.org/aboutus.html\">Episcopal Community Services\u003c/a>.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Big Facebook Bear Still Not Impressed",
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"content": "\u003cp>Facebook has gotten some good news lately, but not enough to shake the convictions of one guy we've been talking to about the stock throughout the long post-IPO deal.\u003c/p>\n\u003cfigure id=\"attachment_79140\" class=\"wp-caption alignleft\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1.jpg\">\u003cimg class=\"size-large wp-image-79140\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1-1024x681.jpg\" alt=\"\" width=\"640\" height=\"425\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages) \u003ccite>( Ted Aljibe/AFP-Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>As CEO of the stock analysis company PrivCo, Sam Hamadeh has been throwing cold water in the faces of Facebook investors since before the company went public.\u003c/p>\n\u003cp>His company specializes in initial public offerings, and he said a lot was wrong with this one. He even gave us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons not to buy the stock\u003c/a> during the height of the IPO hype Later, he told us analysts involved with IPOs are typically under pressure to \u003ca href=\"http://ww2.kqed.org/news/2012/06/29/how-serious-should-you-take-analyst-ratings-on-stocks-not-so-much-says-this-guy/\">tout the stock\u003c/a>.\u003c/p>\n\u003cp>But more important, he said, the numbers just didn't add up. And in the months after Facebook went public on May 18, he has appeared to be right.\u003c/p>\n\u003cp>Facebook started with a price of $38 per share, only to watch that number dip down to the teens.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>But on Oct. 23 the company \u003ca href=\"http://ww2.kqed.org/news/2012/07/26/facebook-earnings-beat-estimates/\">beat analysts' expectations\u003c/a>, and the price jumped from $19.50 to $24.01 overnight. So we had to wonder: Impressed yet, Hamadeh?\u003c/p>\n\u003cp>\"I think it's not as good as it seems,\" he told me, pointing out that the stock has slid since then down to $22.10 on Friday.\u003c/p>\n\u003cp>And it should be lower still, he said. One way of analyzing a stock's value is to look at its price to earnings ratio. That's the market price of a share divided by the annual earnings per share. \u003c!--more-->\u003c/p>\n\u003cp>\"The price to earnings ratio should be the same as its annual growth rate,\" he said. Normally the growth rate would be calculated based on earnings, but Facebook hasn't turned a profit, so Hamadeh is using its revenues as a substitute. And those revenues have been increasing at an annual rate of 34%.\u003c/p>\n\u003cp>But Facebook's price-to-earnings ratio was 232.58 when the market closed on Friday -- almost seven times its growth rate.\u003c/p>\n\u003cp>In addition, Hamadeh noted, the company's revenues overall may have gone up, but its \u003ca href=\"http://allthingsd.com/20121023/feeling-zyngas-pain-facebooks-payments-biz-takes-a-dive/\">payments business actually shrank\u003c/a> in the fourth quarter. That's the revenue from partners like Zynga. \"That's supposed to be an important business line for them,\" said Hamadeh.\u003c/p>\n\u003cp>And, he pointed out, more stock will come available in November. Insiders, such as company executives, were forbidden from selling their shares until six months after the IPO. Now these shares may come onto the market, depressing prices.\u003c/p>\n\u003cp>The bottom line is that Facebook's stock is still overpriced, said Hamadeh, mostly because many small investors have been dazzled by the excitement around the company.\u003c/p>\n\u003cp>\"If it was any other company or you blocked out the name, you would get [a stock price] in the teens,\" he said. \"And eventually the smart money will value it appropriately.\"\u003c/p>\n\u003cp>But not yet, apparently. The \u003ca href=\"http://finance.yahoo.com/q/ao?s=FB+Analyst+Opinion\">mean analyst price target\u003c/a> on Yahoo! Finance for Facebook is $28.37.\u003c/p>\n\u003cp>We'll see...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://blogs.kqed.org/lowdown/2012/03/06/why-facebooks-ipo-will-bring-in-some-serious-cash-and-whos-going-to-get-rich/\">Read an explanation of Facebook's IPO process.\u003c/a>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Facebook has gotten some good news lately, but not enough to shake the convictions of one guy we've been talking to about the stock throughout the long post-IPO deal.\u003c/p>\n\u003cfigure id=\"attachment_79140\" class=\"wp-caption alignleft\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1.jpg\">\u003cimg class=\"size-large wp-image-79140\" title=\"TO GO WITH US-IT-Internet-IPO-Facebook-A\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/10/facebook1-1024x681.jpg\" alt=\"\" width=\"640\" height=\"425\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">(Ted Aljibe/AFP/GettyImages) \u003ccite>( Ted Aljibe/AFP-Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>As CEO of the stock analysis company PrivCo, Sam Hamadeh has been throwing cold water in the faces of Facebook investors since before the company went public.\u003c/p>\n\u003cp>His company specializes in initial public offerings, and he said a lot was wrong with this one. He even gave us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons not to buy the stock\u003c/a> during the height of the IPO hype Later, he told us analysts involved with IPOs are typically under pressure to \u003ca href=\"http://ww2.kqed.org/news/2012/06/29/how-serious-should-you-take-analyst-ratings-on-stocks-not-so-much-says-this-guy/\">tout the stock\u003c/a>.\u003c/p>\n\u003cp>But more important, he said, the numbers just didn't add up. And in the months after Facebook went public on May 18, he has appeared to be right.\u003c/p>\n\u003cp>Facebook started with a price of $38 per share, only to watch that number dip down to the teens.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>But on Oct. 23 the company \u003ca href=\"http://ww2.kqed.org/news/2012/07/26/facebook-earnings-beat-estimates/\">beat analysts' expectations\u003c/a>, and the price jumped from $19.50 to $24.01 overnight. So we had to wonder: Impressed yet, Hamadeh?\u003c/p>\n\u003cp>\"I think it's not as good as it seems,\" he told me, pointing out that the stock has slid since then down to $22.10 on Friday.\u003c/p>\n\u003cp>And it should be lower still, he said. One way of analyzing a stock's value is to look at its price to earnings ratio. That's the market price of a share divided by the annual earnings per share. \u003c!--more-->\u003c/p>\n\u003cp>\"The price to earnings ratio should be the same as its annual growth rate,\" he said. Normally the growth rate would be calculated based on earnings, but Facebook hasn't turned a profit, so Hamadeh is using its revenues as a substitute. And those revenues have been increasing at an annual rate of 34%.\u003c/p>\n\u003cp>But Facebook's price-to-earnings ratio was 232.58 when the market closed on Friday -- almost seven times its growth rate.\u003c/p>\n\u003cp>In addition, Hamadeh noted, the company's revenues overall may have gone up, but its \u003ca href=\"http://allthingsd.com/20121023/feeling-zyngas-pain-facebooks-payments-biz-takes-a-dive/\">payments business actually shrank\u003c/a> in the fourth quarter. That's the revenue from partners like Zynga. \"That's supposed to be an important business line for them,\" said Hamadeh.\u003c/p>\n\u003cp>And, he pointed out, more stock will come available in November. Insiders, such as company executives, were forbidden from selling their shares until six months after the IPO. Now these shares may come onto the market, depressing prices.\u003c/p>\n\u003cp>The bottom line is that Facebook's stock is still overpriced, said Hamadeh, mostly because many small investors have been dazzled by the excitement around the company.\u003c/p>\n\u003cp>\"If it was any other company or you blocked out the name, you would get [a stock price] in the teens,\" he said. \"And eventually the smart money will value it appropriately.\"\u003c/p>\n\u003cp>But not yet, apparently. The \u003ca href=\"http://finance.yahoo.com/q/ao?s=FB+Analyst+Opinion\">mean analyst price target\u003c/a> on Yahoo! Finance for Facebook is $28.37.\u003c/p>\n\u003cp>We'll see...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ca href=\"http://blogs.kqed.org/lowdown/2012/03/06/why-facebooks-ipo-will-bring-in-some-serious-cash-and-whos-going-to-get-rich/\">Read an explanation of Facebook's IPO process.\u003c/a>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Bay-Curious-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/news/series/baycurious",
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"source": "kqed",
"order": 3
},
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"npr": "https://www.npr.org/podcasts/500557090/bay-curious",
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}
},
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"id": "bbc-world-service",
"title": "BBC World Service",
"info": "The day's top stories from BBC News compiled twice daily in the week, once at weekends.",
"airtime": "MON-FRI 9pm-10pm, TUE-FRI 1am-2am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/BBC-World-Service-Podcast-Tile-360x360-1.jpg",
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"meta": {
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"source": "BBC World Service"
},
"link": "/radio/program/bbc-world-service",
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"rss": "https://podcasts.files.bbci.co.uk/p02nq0gn.rss"
}
},
"californiareport": {
"id": "californiareport",
"title": "The California Report",
"tagline": "California, day by day",
"info": "KQED’s statewide radio news program providing daily coverage of issues, trends and public policy decisions.",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-California-Report-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/californiareport",
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"source": "kqed",
"order": 8
},
"link": "/californiareport",
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}
},
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"id": "californiareportmagazine",
"title": "The California Report Magazine",
"tagline": "Your state, your stories",
"info": "Every week, The California Report Magazine takes you on a road trip for the ears: to visit the places and meet the people who make California unique. The in-depth storytelling podcast from the California Report.",
"airtime": "FRI 4:30pm-5pm, 6:30pm-7pm, 11pm-11:30pm",
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"officialWebsiteLink": "/californiareportmagazine",
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"order": 10
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM3NjkwNjk1OTAz",
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},
"city-arts": {
"id": "city-arts",
"title": "City Arts & Lectures",
"info": "A one-hour radio program to hear celebrated writers, artists and thinkers address contemporary ideas and values, often discussing the creative process. Please note: tapes or transcripts are not available",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/05/cityartsandlecture-300x300.jpg",
"officialWebsiteLink": "https://www.cityarts.net/",
"airtime": "SUN 1pm-2pm, TUE 10pm, WED 1am",
"meta": {
"site": "news",
"source": "City Arts & Lectures"
},
"link": "https://www.cityarts.net",
"subscribe": {
"tuneIn": "https://tunein.com/radio/City-Arts-and-Lectures-p692/",
"rss": "https://www.cityarts.net/feed/"
}
},
"closealltabs": {
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"info": "Close All Tabs breaks down how digital culture shapes our world through thoughtful insights and irreverent humor.",
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"officialWebsiteLink": "/podcasts/closealltabs",
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"source": "kqed",
"order": 1
},
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"id": "code-switch-life-kit",
"title": "Code Switch / Life Kit",
"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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"meta": {
"site": "radio",
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},
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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.",
"airtime": "THU 10pm, FRI 1am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Commonwealth-Club-Podcast-Tile-360x360-1.jpg",
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"meta": {
"site": "news",
"source": "Commonwealth Club of California"
},
"link": "/radio/program/commonwealth-club",
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"apple": "https://itunes.apple.com/us/podcast/commonwealth-club-of-california-podcast/id976334034?mt=2",
"google": "https://podcasts.google.com/feed/aHR0cDovL3d3dy5jb21tb253ZWFsdGhjbHViLm9yZy9hdWRpby9wb2RjYXN0L3dlZWtseS54bWw",
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"id": "forum",
"title": "Forum",
"tagline": "The conversation starts here",
"info": "KQED’s live call-in program discussing local, state, national and international issues, as well as in-depth interviews.",
"airtime": "MON-FRI 9am-11am, 10pm-11pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Forum-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED Forum with Mina Kim and Alexis Madrigal",
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"meta": {
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"source": "kqed",
"order": 9
},
"link": "/forum",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM5NTU3MzgxNjMz",
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"freakonomics-radio": {
"id": "freakonomics-radio",
"title": "Freakonomics Radio",
"info": "Freakonomics Radio is a one-hour award-winning podcast and public-radio project hosted by Stephen Dubner, with co-author Steve Levitt as a regular guest. It is produced in partnership with WNYC.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/freakonomicsRadio.png",
"officialWebsiteLink": "http://freakonomics.com/",
"airtime": "SUN 1am-2am, SAT 3pm-4pm",
"meta": {
"site": "radio",
"source": "WNYC"
},
"link": "/radio/program/freakonomics-radio",
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"apple": "https://itunes.apple.com/us/podcast/freakonomics-radio/id354668519",
"tuneIn": "https://tunein.com/podcasts/WNYC-Podcasts/Freakonomics-Radio-p272293/",
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},
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"id": "fresh-air",
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"info": "Hosted by Terry Gross, \u003cem>Fresh Air from WHYY\u003c/em> is the Peabody Award-winning weekday magazine of contemporary arts and issues. One of public radio's most popular programs, Fresh Air features intimate conversations with today's biggest luminaries.",
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"link": "/radio/program/fresh-air",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=214089682&at=11l79Y&ct=nprdirectory",
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"info": "A live production of NPR and WBUR Boston, in collaboration with stations across the country, Here & Now reflects the fluid world of news as it's happening in the middle of the day, with timely, in-depth news, interviews and conversation. Hosted by Robin Young, Jeremy Hobson and Tonya Mosley.",
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"hidden-brain": {
"id": "hidden-brain",
"title": "Hidden Brain",
"info": "Shankar Vedantam uses science and storytelling to reveal the unconscious patterns that drive human behavior, shape our choices and direct our relationships.",
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"airtime": "SUN 7pm-8pm",
"meta": {
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"source": "NPR"
},
"link": "/radio/program/hidden-brain",
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},
"how-i-built-this": {
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"title": "How I Built This with Guy Raz",
"info": "Guy Raz dives into the stories behind some of the world's best known companies. How I Built This weaves a narrative journey about innovators, entrepreneurs and idealists—and the movements they built.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/howIBuiltThis.png",
"officialWebsiteLink": "https://www.npr.org/podcasts/510313/how-i-built-this",
"airtime": "SUN 7:30pm-8pm",
"meta": {
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"source": "npr"
},
"link": "/radio/program/how-i-built-this",
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"apple": "https://itunes.apple.com/us/podcast/how-i-built-this-with-guy-raz/id1150510297?mt=2",
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},
"hyphenacion": {
"id": "hyphenacion",
"title": "Hyphenación",
"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. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/03/Hyphenacion_FinalAssets_PodcastTile.png",
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"officialWebsiteLink": "/podcasts/hyphenacion",
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"order": 15
},
"link": "/podcasts/hyphenacion",
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},
"jerrybrown": {
"id": "jerrybrown",
"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. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-Political-Mind-of-Jerry-Brown-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/jerrybrown",
"meta": {
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"order": 18
},
"link": "/podcasts/jerrybrown",
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}
},
"latino-usa": {
"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/",
"meta": {
"site": "news",
"source": "npr"
},
"link": "/radio/program/latino-usa",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=79681317&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/510016/podcast.xml"
}
},
"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": {
"site": "news",
"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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"rss": "https://feeds.publicradio.org/public_feeds/marketplace-pm/rss/rss"
}
},
"masters-of-scale": {
"id": "masters-of-scale",
"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)",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Masters-of-Scale-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://mastersofscale.com/",
"meta": {
"site": "radio",
"source": "WaitWhat"
},
"link": "/radio/program/masters-of-scale",
"subscribe": {
"apple": "http://mastersofscale.app.link/",
"rss": "https://rss.art19.com/masters-of-scale"
}
},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
"tagline": "A podcast about the future of learning and how we raise our kids",
"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>",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED MindShift: How We Will Learn",
"officialWebsiteLink": "/mindshift/",
"meta": {
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"source": "kqed",
"order": 12
},
"link": "/podcasts/mindshift",
"subscribe": {
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
"npr": "https://www.npr.org/podcasts/464615685/mind-shift-podcast",
"stitcher": "https://www.stitcher.com/podcast/kqed/stories-teachers-share",
"spotify": "https://open.spotify.com/show/0MxSpNYZKNprFLCl7eEtyx"
}
},
"morning-edition": {
"id": "morning-edition",
"title": "Morning Edition",
"info": "\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. Hosts Steve Inskeep, David Greene and Rachel Martin bring you the latest breaking news and features to prepare you for the day.",
"airtime": "MON-FRI 3am-9am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Morning-Edition-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.npr.org/programs/morning-edition/",
"meta": {
"site": "news",
"source": "npr"
},
"link": "/radio/program/morning-edition"
},
"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
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