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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>With somewhat robotic delivery, Siri told some jokes at Apple's Worldwide Developers Conference today. \u003c/p>\n\u003cp>Our recommendation: Siri, don't give up your day job as the first step in the human race's eventual enslavement to machines. \u003c/p>\n\u003cp>\u003ca href=\"http://bloom.bg/LE7y6h\">Video\u003c/a> from Bloomberg... \u003c/p>\n\u003cp>\u003cscript src=\"http://player.ooyala.com/player.js?embedCode=h3aDMxNTp3E7IBxZV5NAXBByJD7bHLF_&playerBrandingId=8a7a9c84ac2f4e8398ebe50c07eb2f9d&width=640&deepLinkEmbedCode=h3aDMxNTp3E7IBxZV5NAXBByJD7bHLF_&height=360&thruParam_bloomberg-ui%5BpopOutButtonVisible%5D=FALSE\">\u003c/script>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"title": "Apple WWDC News: Facebook Integration, Siri Update, New MacBook Pro; Watch Video of Keynote",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo1.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-59762\" title=\"applelogo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/03/applelogo1.jpg\" alt=\"\" width=\"209\" height=\"117\">\u003c/a>SAN FRANCISCO (AP) — Fresh off a disappointing initial public offering, Facebook is getting a big boost from Apple, which is building the social network deep into its iPhone and iPad software.\u003c/p>\n\u003cp>With the next version of Apple Inc.’s software, users will be able to update their Facebook status by talking to their phones.\u003c/p>\n\u003cp>Users will also be able to “Like” movies and apps in Apple’s iTunes store, Apple executive Scott Forstall said in San Francisco at Apple’s annual developers’ conference.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://events.apple.com.edgesuite.net/126pihbedvcoihbefvbhjkbvsefbg/event/index.html\">Video: Watch Tim Cook’s keynote\u003c/a> (Safari required)\u003c/aside>\n\u003cp>Siri, Apple’s voice-command application, will add a host of new languages, including Spanish, Korean and Mandarin Chinese, Forstall said. “She” will also be able to launch applications and movies. She will also run on iPads for the first time.\u003c/p>\n\u003cp>Apple says the new software, iOS 6, will launch this fall. It updates the software annually, usually coinciding with the release of a new iPhone. \u003c!--more-->Even as Apple lends Facebook a hand, it’s cutting off one of its links to Google Inc., which makes a rival suite of software for smartphones. IOS 6 will use Apple’s own Maps applications rather than Google’s. The application will come with traffic reports and turn-by-turn navigation.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Apple also said the new version of its Mac operating system, Mountain Lion, will go on sale next month for $20. The update brings features from Apple’s phone and tablet software, like the iMessage texting application, to the Mac.\u003c/p>\n\u003cp>Microsoft Corp., Apple competitor’s when it comes to computer software, is also making Windows more like its phone software, with the release of Windows 8 later this year.\u003c/p>\n\u003cp>Mountain Lion will also bring dictation to Macs. Users will be able to input text by talking to the computer, in any program. This is already a feature of Microsoft Corp.’s competing Windows software.\u003c/p>\n\u003cp>On the hardware side, Apple showed off a laptop with a super-high resolution “Retina” display, setting a new standard for screen sharpness.\u003c/p>\n\u003cp>The new MacBook Pro will have a 15-inch screen and four times the resolution of previous models, Apple executive Phil Schiller said.\u003c/p>\n\u003cp>Apple already uses “Retina” displays — with individual pixels too small to be distinguished by the naked eye — in its latest iPhones and iPads.\u003c/p>\n\u003cp>On the phones and tablets, the Retina display is a standard feature. On the MacBook, it’s an expensive upgrade. The new MacBook will cost $2199 and up, $400 more than the non-Retina MacBook with the same-sized screen.\u003c/p>\n\u003cp>Apple’s other MacBooks are being updated with the latest processors from Intel Corp.\u003c/p>\n\u003cp>Missing from Monday’s presentation was any mention of Apple’s ambition to get into making TVs. Analysts had speculated that Apple would at least update the software on the Apple TV, a small box that connects a TV set to iTunes for movie downloads, as a prelude to perhaps launching a fully integrated TV set.\u003cbr>\nThe conference, which Apple uses to \u003ca href=\"http://mashable.com/2012/06/11/wwdc-2012-rumors/\">showcase new products\u003c/a>, runs today through Friday.\u003c/p>\n\u003cp>\u003cem>Live blogs from today’s keynote\u003c/em>…\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://blogs.wsj.com/digits/2012/06/11/live-blog-apples-keynote-at-wwdc-2012/\">Wall Street Journal\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://live.gizmodo.com/\">Gizmodo\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://abcnews.go.com/blogs/technology/2012/06/apple-wwdc-2012-live-blog-ios-6-mountain-lion-new-macbook-pro-and-air/\">ABC News\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.telegraph.co.uk/technology/apple/9324134/Apple-WWDC-2012-keynote-live.html\">The Telegraph\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.engadget.com/2012/06/11/apple-wwdc-2012-liveblog/\">Engadget\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.wired.com/gadgetlab/2012/06/gadget-lab-wwdc-2012/\">Wired\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.wired.com/gadgetlab/2012/06/gadget-lab-wwdc-2012/\">CNet\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://s3.amazonaws.com/liveblogs/wwdc-keynote-2012/index.html\">Ars Technica\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>Here’s a Twitter feed of reporters that covered the event…\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" style=\"border: 1px solid #000000\" src=\"http://embed.scribblelive.com/Embed/v5.aspx?Id=49616&ThemeId=5470\" frameborder=\"0\" width=\"600\" height=\"700\">\u003c/iframe>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Apple also said the new version of its Mac operating system, Mountain Lion, will go on sale next month for $20. The update brings features from Apple’s phone and tablet software, like the iMessage texting application, to the Mac.\u003c/p>\n\u003cp>Microsoft Corp., Apple competitor’s when it comes to computer software, is also making Windows more like its phone software, with the release of Windows 8 later this year.\u003c/p>\n\u003cp>Mountain Lion will also bring dictation to Macs. Users will be able to input text by talking to the computer, in any program. This is already a feature of Microsoft Corp.’s competing Windows software.\u003c/p>\n\u003cp>On the hardware side, Apple showed off a laptop with a super-high resolution “Retina” display, setting a new standard for screen sharpness.\u003c/p>\n\u003cp>The new MacBook Pro will have a 15-inch screen and four times the resolution of previous models, Apple executive Phil Schiller said.\u003c/p>\n\u003cp>Apple already uses “Retina” displays — with individual pixels too small to be distinguished by the naked eye — in its latest iPhones and iPads.\u003c/p>\n\u003cp>On the phones and tablets, the Retina display is a standard feature. On the MacBook, it’s an expensive upgrade. The new MacBook will cost $2199 and up, $400 more than the non-Retina MacBook with the same-sized screen.\u003c/p>\n\u003cp>Apple’s other MacBooks are being updated with the latest processors from Intel Corp.\u003c/p>\n\u003cp>Missing from Monday’s presentation was any mention of Apple’s ambition to get into making TVs. Analysts had speculated that Apple would at least update the software on the Apple TV, a small box that connects a TV set to iTunes for movie downloads, as a prelude to perhaps launching a fully integrated TV set.\u003cbr>\nThe conference, which Apple uses to \u003ca href=\"http://mashable.com/2012/06/11/wwdc-2012-rumors/\">showcase new products\u003c/a>, runs today through Friday.\u003c/p>\n\u003cp>\u003cem>Live blogs from today’s keynote\u003c/em>…\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://blogs.wsj.com/digits/2012/06/11/live-blog-apples-keynote-at-wwdc-2012/\">Wall Street Journal\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://live.gizmodo.com/\">Gizmodo\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://abcnews.go.com/blogs/technology/2012/06/apple-wwdc-2012-live-blog-ios-6-mountain-lion-new-macbook-pro-and-air/\">ABC News\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.telegraph.co.uk/technology/apple/9324134/Apple-WWDC-2012-keynote-live.html\">The Telegraph\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.engadget.com/2012/06/11/apple-wwdc-2012-liveblog/\">Engadget\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.wired.com/gadgetlab/2012/06/gadget-lab-wwdc-2012/\">Wired\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.wired.com/gadgetlab/2012/06/gadget-lab-wwdc-2012/\">CNet\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://s3.amazonaws.com/liveblogs/wwdc-keynote-2012/index.html\">Ars Technica\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>Here’s a Twitter feed of reporters that covered the event…\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" style=\"border: 1px solid #000000\" src=\"http://embed.scribblelive.com/Embed/v5.aspx?Id=49616&ThemeId=5470\" frameborder=\"0\" width=\"600\" height=\"700\">\u003c/iframe>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Court Dismisses Oakland Bank's Libel Suit Against Craigslist Poster",
"title": "Court Dismisses Oakland Bank's Libel Suit Against Craigslist Poster",
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"content": "\u003cp>(Bay City News) A state appeals court on Wednesday dismissed an Oakland bank's libel lawsuit against a former executive who posted derogatory comments about the bank online in the \"Rants and Raves\" section of Craigslist. \u003c/p>\n\u003cp>Robert Rogers, who was a vice president of Oakland-based Summit Bank and its chief credit administrator in 2007 and 2008, placed the remarks on the Internet site in June and July 2009.\u003c/p>\n\u003cp>Among other comments, he criticized the bank's chief executive, said state and federal regulators \"are looking at Summit Bank,\" noted that the bank's Hayward branch had closed and urged, \"I would suggest that any one that banks at Summit Bank leave before they close.\"\u003c/p>\n\u003cp>The bank sued him for defamation in Alameda County Superior Court, claiming the comments were false and libelous. Rogers contended in pretrial proceedings that his posts were protected free speech. \u003c!--more-->\u003c/p>\n\u003cp>In Wednesday's decision, a three-judge panel of the Court of Appeal in San Francisco ordered dismissal of the case and overturned a 2010 ruling in which Superior Court Judge Frank Roesch declined to toss out the lawsuit.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The panel rejected two separate arguments in which the bank sought to keep the lawsuit alive. \u003c/p>\n\u003cp>In one part of its decision, the court struck down a 1917 state law that made it a misdemeanor, punishable by a $1,000 fine and up to a year in jail, to circulate untrue statements or rumors about the financial condition of a bank.\u003c/p>\n\u003cp>The law was enacted in the wake of a nationwide financial panic in 1907 and was intended to help prevent runs on banks.\u003c/p>\n\u003cp>Summit Bank sought to argue that Rogers' comments weren't protected by the right of free speech because they were allegedly illegal under the 1917 law.\u003c/p>\n\u003cp>But the appeals court said the law itself was unconstitutional because it was overly broad and vague and intruded on free speech. \u003c/p>\n\u003cp>The law \"cannot be reconciled with modern constitutional requirements\" under both the U.S. and California constitutions, the court said. \u003c/p>\n\u003cp>The panel rejected the bank's argument, supported in a friend-of-the-court brief by the California Bankers Association, that courts should be solicitous of preventing derogatory comments about banks in shaky economic times.\u003cbr>\n\t\"Rather,\" wrote Justice Ignazio Ruvolo, \"it is precisely because of the current financial climate that we believe the public should be given broad latitude to express a wide range of viewpoints on matters relating to the operation and solvency of our financial institutions.\"\u003c/p>\n\u003cp>In a second part of its ruling, the panel turned down Summit Bank's claim of defamation. The court said the remarks were either true - as in the statements that the Hayward branch was closed and that regulators had looked at the bank - or were expressions of opinion. \u003c/p>\n\u003cp>\"Readers expect to see strongly worded opinions rather than objective facts\" on online message boards such as the Craigslist \"Rants and Raves,\" the court said. \u003c/p>\n\u003cp>Lawyers and representatives of Summit Bank were not available for comment today. The decision could be appealed to the California Supreme court.\u003c/p>\n\u003cp>Scott Mangum, a lawyer for Rogers, said, \"We're very excited and very pleased with the court's decision.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Mangum said he could not disclose where Rogers lives or where he is now working. \u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>(Bay City News) A state appeals court on Wednesday dismissed an Oakland bank's libel lawsuit against a former executive who posted derogatory comments about the bank online in the \"Rants and Raves\" section of Craigslist. \u003c/p>\n\u003cp>Robert Rogers, who was a vice president of Oakland-based Summit Bank and its chief credit administrator in 2007 and 2008, placed the remarks on the Internet site in June and July 2009.\u003c/p>\n\u003cp>Among other comments, he criticized the bank's chief executive, said state and federal regulators \"are looking at Summit Bank,\" noted that the bank's Hayward branch had closed and urged, \"I would suggest that any one that banks at Summit Bank leave before they close.\"\u003c/p>\n\u003cp>The bank sued him for defamation in Alameda County Superior Court, claiming the comments were false and libelous. Rogers contended in pretrial proceedings that his posts were protected free speech. \u003c!--more-->\u003c/p>\n\u003cp>In Wednesday's decision, a three-judge panel of the Court of Appeal in San Francisco ordered dismissal of the case and overturned a 2010 ruling in which Superior Court Judge Frank Roesch declined to toss out the lawsuit.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The panel rejected two separate arguments in which the bank sought to keep the lawsuit alive. \u003c/p>\n\u003cp>In one part of its decision, the court struck down a 1917 state law that made it a misdemeanor, punishable by a $1,000 fine and up to a year in jail, to circulate untrue statements or rumors about the financial condition of a bank.\u003c/p>\n\u003cp>The law was enacted in the wake of a nationwide financial panic in 1907 and was intended to help prevent runs on banks.\u003c/p>\n\u003cp>Summit Bank sought to argue that Rogers' comments weren't protected by the right of free speech because they were allegedly illegal under the 1917 law.\u003c/p>\n\u003cp>But the appeals court said the law itself was unconstitutional because it was overly broad and vague and intruded on free speech. \u003c/p>\n\u003cp>The law \"cannot be reconciled with modern constitutional requirements\" under both the U.S. and California constitutions, the court said. \u003c/p>\n\u003cp>The panel rejected the bank's argument, supported in a friend-of-the-court brief by the California Bankers Association, that courts should be solicitous of preventing derogatory comments about banks in shaky economic times.\u003cbr>\n\t\"Rather,\" wrote Justice Ignazio Ruvolo, \"it is precisely because of the current financial climate that we believe the public should be given broad latitude to express a wide range of viewpoints on matters relating to the operation and solvency of our financial institutions.\"\u003c/p>\n\u003cp>In a second part of its ruling, the panel turned down Summit Bank's claim of defamation. The court said the remarks were either true - as in the statements that the Hayward branch was closed and that regulators had looked at the bank - or were expressions of opinion. \u003c/p>\n\u003cp>\"Readers expect to see strongly worded opinions rather than objective facts\" on online message boards such as the Craigslist \"Rants and Raves,\" the court said. \u003c/p>\n\u003cp>Lawyers and representatives of Summit Bank were not available for comment today. The decision could be appealed to the California Supreme court.\u003c/p>\n\u003cp>Scott Mangum, a lawyer for Rogers, said, \"We're very excited and very pleased with the court's decision.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Mangum said he could not disclose where Rogers lives or where he is now working. \u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Remember when monologist Mike Daisey was \u003ca href=\"http://ww2.kqed.org/news/2012/03/16/listen-to-marketplace-correspondant-and-ira-glass-confront-mike-daisey-about-monologue-discrepancies/\">forced to admit\u003c/a> on \u003cem>This American Life\u003c/em> that significant parts of his popular show about worker abuses at Apple contractor Foxconn’s Shenzen, China plant were fabricated?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://storify.com/kqednews/apple-ceo-interview-leads-to-twitter-dispute\">Exchanges between Mike Daisey and journalists Kara Swisher and Walt Mossberg over Twitter\u003c/a>\u003c/aside>\n\u003cp>Well sensitivities around that issue are running high today, as Daisey took offense at a dig aimed at him by tech journalist Kara Swisher at AllThingsD’s \u003ca href=\"http://allthingsd.com/conferences/d/d10/about/\">d10 conference\u003c/a> during an interview with Apple CEO Tim Cook.\u003c/p>\n\u003cp>The feud started when a \u003ca href=\"http://allthingsd.com/20120529/live-apple-ceo-tim-cooks-first-time-in-the-hot-seat-at-d/\">live blog of the interview\u003c/a> reported this:\u003c/p>\n\u003cblockquote>\u003cp>6:43 pm: On China, Kara notes, you have many critics, and not just fictional ones (a reference to Mike Daisey). Why doesn’t Apple have its own factories in China?\u003c/p>\u003c/blockquote>\n\u003cp>This morning, Daisey wrote “\u003ca href=\"http://mikedaisey.blogspot.com/2012/05/open-letter-to-allthingsd.html\">An Open Letter to AllThingsD\u003c/a>” on his blog. From that post:\u003c/p>\n\u003cblockquote>\u003cp>Kara and Walt—do you really think you asked hard questions tonight? Goodness, you got Cook to admit… that Ping was a failure! That’s amazing. If only you had another hour, so you could get him to tell us who he liked best on Dawson’s Creek and what kind of ice cream is best: vanilla or cookies and cream. (Trick question: it’s always cookies and cream.)\u003c/p>\u003c/blockquote>\n\u003cp>Daisey then goes on to criticize Swisher and Mossberg in particular and tech journalists in general for fumbling the ball on the Foxconn story and functioning as cheerleaders for the industry.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Swisher and Daisey, naturally, have taken offense, and KQED’s Ian Hill has \u003cstrong>\u003ca href=\"http://storify.com/kqednews/apple-ceo-interview-leads-to-twitter-dispute\">Storified the online feud\u003c/a>\u003c/strong>, below.\u003c/p>\n\u003cp>While the exchanges do read a little like an online food fight, they also evoke some interesting issues. There’s no doubt Daisey’s theatrical monologue, \u003ca href=\"http://ww2.kqed.org/news/2011/01/24/mike-daisey-monologue-the-agony-and-ecstasy-of-steve-jobs/\">The Agony and Ecstasy of Steve Jobs\u003c/a>, along with media appearances he made criticizing Apple for its relationship with Foxconn, contributed to awareness about a \u003ca href=\"http://www.nytimes.com/2012/01/26/business/ieconomy-apples-ipad-and-the-human-costs-for-workers-in-china.html?_r=1\">real issue\u003c/a>. But his piece — which he presented as the literal truth on stage, in media appearances, and on \u003cem>This American Life\u003c/em> — turned out to be a hyperbolic narrative about labor conditions at Foxconn that used significant fictional elements, when in fact the story was \u003ca href=\"http://www.thisamericanlife.org/radio-archives/episode/460/retraction?act=3\">more nuanced\u003c/a>.\u003c/p>\n\u003cp>After \u003cem>This American Life\u003c/em>, which had aired the piece in its entirety, ran an \u003ca href=\"http://www.thisamericanlife.org/play_full.php?play=460&podcast=1\">excruciatingly uncomfortable segment\u003c/a> confronting Daisey on the fabrications, Daisey struck back in a blog post:\u003c/p>\n\u003cblockquote>\u003cp>Especially galling is how many are gleefully eager to dance on my grave expressly so they can return to ignoring everything about the circumstances under which their devices are made. Given the tone, you would think I had fabulated an elaborate hoax, filled with astonishing horrors that no one had ever seen before. Except that we all know that isn’t true.\u003c/p>\u003c/blockquote>\n\u003cp>So is Apple getting a free pass now, because one of its leading critics was found to have misrepresented relevant information? And does Daisey have any credibility left as a critic of the company or the press? And did he ultimately do more harm than good by taking liberties with the story, as a \u003ca href=\"https://twitter.com/ahess247/status/207903154581405697\">Tweet by another AllThingsD journalist suggests\u003c/a>? \u003c/p>\n\u003cp>Here’s how Cook responded to Kara Swisher’s question about the criticism on China, from the \u003ca href=\"http://allthingsd.com/20120529/live-apple-ceo-tim-cooks-first-time-in-the-hot-seat-at-d/\">AllThingsD live blog\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>“Cook: We decided a decade ago there were things Apple could do best, and that there were other things that somebody else can do as well or better.\u003c/p>\n\u003cp>“‘Manufacturing was one of those,’ Cook says, adding later, ‘I think that’s still true.’\u003c/p>\n\u003cp>“As for China, Cook notes that Apple has been working to reduce overtime. That, he says, is tricky.\u003c/p>\n\u003cp>“’Some people want to work a lot. They want to move and work for a year or two, and then move back to their village and bring back as much money as they can.’\u003c/p>\n\u003cp>“Apple, he says, now has 95 percent compliance, and is tracking 700,000 workers in China.\u003c/p>\n\u003cp>“’I don’t know anyone else [that] is doing this,’ Cook says. ‘We’re micromanaging this.’\u003c/p>\u003c/blockquote>\n\u003cp>In January, Apple joined the Fabor Labor Association, a watchdog group that aims to protect workers’ rights around the world. In March, the \u003ca href=\"http://ww2.kqed.org/news/2012/03/30/significant-issues-at-foxconn-factories/\">group issued a report \u003c/a>that found “significant” issues with Foxconn’s China operations, including more than 50 violations at three factories. “Thousands of workers weren’t properly compensated for overtime, and 43 percent of workers reported either experiencing or witnessing an accident,” KQED’s Caitlin Esch reported.\u003c/p>\n\u003cp>A couple of days ago, a \u003ca href=\"http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20120527000081&cid=1206&MainCatID=12\">Taiwanese business publication\u003c/a> reported that Foxconn’s chairman and president said the company will “double the minimum monthly salary of its workers in mainland China by the end of next year.” The pay hike would come on top of earlier \u003ca href=\"http://www.reuters.com/article/2012/02/17/us-foxconn-pay-idUSTRE81G0M920120217\">increases\u003c/a>.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp> \u003c/p>\n\u003cp> \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>http://storify.com/kqednews/apple-ceo-interview-leads-to-twitter-dispute\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Remember when monologist Mike Daisey was \u003ca href=\"http://ww2.kqed.org/news/2012/03/16/listen-to-marketplace-correspondant-and-ira-glass-confront-mike-daisey-about-monologue-discrepancies/\">forced to admit\u003c/a> on \u003cem>This American Life\u003c/em> that significant parts of his popular show about worker abuses at Apple contractor Foxconn’s Shenzen, China plant were fabricated?\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://storify.com/kqednews/apple-ceo-interview-leads-to-twitter-dispute\">Exchanges between Mike Daisey and journalists Kara Swisher and Walt Mossberg over Twitter\u003c/a>\u003c/aside>\n\u003cp>Well sensitivities around that issue are running high today, as Daisey took offense at a dig aimed at him by tech journalist Kara Swisher at AllThingsD’s \u003ca href=\"http://allthingsd.com/conferences/d/d10/about/\">d10 conference\u003c/a> during an interview with Apple CEO Tim Cook.\u003c/p>\n\u003cp>The feud started when a \u003ca href=\"http://allthingsd.com/20120529/live-apple-ceo-tim-cooks-first-time-in-the-hot-seat-at-d/\">live blog of the interview\u003c/a> reported this:\u003c/p>\n\u003cblockquote>\u003cp>6:43 pm: On China, Kara notes, you have many critics, and not just fictional ones (a reference to Mike Daisey). Why doesn’t Apple have its own factories in China?\u003c/p>\u003c/blockquote>\n\u003cp>This morning, Daisey wrote “\u003ca href=\"http://mikedaisey.blogspot.com/2012/05/open-letter-to-allthingsd.html\">An Open Letter to AllThingsD\u003c/a>” on his blog. From that post:\u003c/p>\n\u003cblockquote>\u003cp>Kara and Walt—do you really think you asked hard questions tonight? Goodness, you got Cook to admit… that Ping was a failure! That’s amazing. If only you had another hour, so you could get him to tell us who he liked best on Dawson’s Creek and what kind of ice cream is best: vanilla or cookies and cream. (Trick question: it’s always cookies and cream.)\u003c/p>\u003c/blockquote>\n\u003cp>Daisey then goes on to criticize Swisher and Mossberg in particular and tech journalists in general for fumbling the ball on the Foxconn story and functioning as cheerleaders for the industry.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Swisher and Daisey, naturally, have taken offense, and KQED’s Ian Hill has \u003cstrong>\u003ca href=\"http://storify.com/kqednews/apple-ceo-interview-leads-to-twitter-dispute\">Storified the online feud\u003c/a>\u003c/strong>, below.\u003c/p>\n\u003cp>While the exchanges do read a little like an online food fight, they also evoke some interesting issues. There’s no doubt Daisey’s theatrical monologue, \u003ca href=\"http://ww2.kqed.org/news/2011/01/24/mike-daisey-monologue-the-agony-and-ecstasy-of-steve-jobs/\">The Agony and Ecstasy of Steve Jobs\u003c/a>, along with media appearances he made criticizing Apple for its relationship with Foxconn, contributed to awareness about a \u003ca href=\"http://www.nytimes.com/2012/01/26/business/ieconomy-apples-ipad-and-the-human-costs-for-workers-in-china.html?_r=1\">real issue\u003c/a>. But his piece — which he presented as the literal truth on stage, in media appearances, and on \u003cem>This American Life\u003c/em> — turned out to be a hyperbolic narrative about labor conditions at Foxconn that used significant fictional elements, when in fact the story was \u003ca href=\"http://www.thisamericanlife.org/radio-archives/episode/460/retraction?act=3\">more nuanced\u003c/a>.\u003c/p>\n\u003cp>After \u003cem>This American Life\u003c/em>, which had aired the piece in its entirety, ran an \u003ca href=\"http://www.thisamericanlife.org/play_full.php?play=460&podcast=1\">excruciatingly uncomfortable segment\u003c/a> confronting Daisey on the fabrications, Daisey struck back in a blog post:\u003c/p>\n\u003cblockquote>\u003cp>Especially galling is how many are gleefully eager to dance on my grave expressly so they can return to ignoring everything about the circumstances under which their devices are made. Given the tone, you would think I had fabulated an elaborate hoax, filled with astonishing horrors that no one had ever seen before. Except that we all know that isn’t true.\u003c/p>\u003c/blockquote>\n\u003cp>So is Apple getting a free pass now, because one of its leading critics was found to have misrepresented relevant information? And does Daisey have any credibility left as a critic of the company or the press? And did he ultimately do more harm than good by taking liberties with the story, as a \u003ca href=\"https://twitter.com/ahess247/status/207903154581405697\">Tweet by another AllThingsD journalist suggests\u003c/a>? \u003c/p>\n\u003cp>Here’s how Cook responded to Kara Swisher’s question about the criticism on China, from the \u003ca href=\"http://allthingsd.com/20120529/live-apple-ceo-tim-cooks-first-time-in-the-hot-seat-at-d/\">AllThingsD live blog\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>“Cook: We decided a decade ago there were things Apple could do best, and that there were other things that somebody else can do as well or better.\u003c/p>\n\u003cp>“‘Manufacturing was one of those,’ Cook says, adding later, ‘I think that’s still true.’\u003c/p>\n\u003cp>“As for China, Cook notes that Apple has been working to reduce overtime. That, he says, is tricky.\u003c/p>\n\u003cp>“’Some people want to work a lot. They want to move and work for a year or two, and then move back to their village and bring back as much money as they can.’\u003c/p>\n\u003cp>“Apple, he says, now has 95 percent compliance, and is tracking 700,000 workers in China.\u003c/p>\n\u003cp>“’I don’t know anyone else [that] is doing this,’ Cook says. ‘We’re micromanaging this.’\u003c/p>\u003c/blockquote>\n\u003cp>In January, Apple joined the Fabor Labor Association, a watchdog group that aims to protect workers’ rights around the world. In March, the \u003ca href=\"http://ww2.kqed.org/news/2012/03/30/significant-issues-at-foxconn-factories/\">group issued a report \u003c/a>that found “significant” issues with Foxconn’s China operations, including more than 50 violations at three factories. “Thousands of workers weren’t properly compensated for overtime, and 43 percent of workers reported either experiencing or witnessing an accident,” KQED’s Caitlin Esch reported.\u003c/p>\n\u003cp>A couple of days ago, a \u003ca href=\"http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20120527000081&cid=1206&MainCatID=12\">Taiwanese business publication\u003c/a> reported that Foxconn’s chairman and president said the company will “double the minimum monthly salary of its workers in mainland China by the end of next year.” The pay hike would come on top of earlier \u003ca href=\"http://www.reuters.com/article/2012/02/17/us-foxconn-pay-idUSTRE81G0M920120217\">increases\u003c/a>.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp> \u003c/p>\n\u003cp> \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>http://storify.com/kqednews/apple-ceo-interview-leads-to-twitter-dispute\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "9 Fake Things That Went Wrong With the Facebook IPO",
"title": "9 Fake Things That Went Wrong With the Facebook IPO",
"headTitle": "News Fix | KQED News",
"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4.jpg\">\u003cimg class=\"alignright size-medium wp-image-65792\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4-300x112.jpg\" alt=\"\" width=\"254\" height=\"95\">\u003c/a>It's been a \u003ca href=\"http://ww2.kqed.org/news/2012/05/18/facebook-ipo-live-coverage/\">week since Facebook went public\u003c/a>, and investors have been \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\">defriending it\u003c/a> ever since. And that may be the \u003ca href=\"http://www.mercurynews.com/business/ci_20705548/facebook-could-face-huge-damage-claims-from-ipo\">least of the company's worries\u003c/a>.\u003c/p>\n\u003cp>As a public service, and for the historical record, we gave our crack financial team the task of ferreting out what, exactly, happened.\u003c/p>\n\u003cp>Here are nine things they discovered that went wrong with the Facebook IPO...\u003c/p>\n\u003col>\n\u003cli>Mark Zuckerberg updating his status to \"well...that didn't go very well\" an hour after launch provides impetus for short selling\u003c/li>\n\u003cli>Facebook COO Sheryl Sandberg's defriending of Morgan Stanley and Nasdaq immediately after first trade results in a mini-panic\u003c/li>\n\u003cli>Zuckerberg ringing the Nasdaq bell in his bathing suit gives institutional investors pause\u003c/li>\n\u003cli>Virtual shares sold on Farmville dilutes the offering\u003c/li>\n\u003cli>\"Strong Buy\" rating from Bernie Madoff sends smart money to the sidelines\u003c/li>\n\u003cli>Facebook referring all questions about improper disclosures to Andy Samberg rubs media the wrong way\u003c/li>\n\u003cli>Zuckerberg's drunken \"I am the mayor of Crapville\" update interpreted negatively by analysts\u003c/li>\n\u003cli>Sole warning of \"potentially increased competition from Friendster\" considered not enough of a risk assessment by SEC\u003c/li>\n\u003cli>Mid-day changing of Facebook's ticker symbol from \"FB\" to \"FU\" -- not a good sign for anyone\u003c/li>\n\u003c/ol>\n\u003cp>Happy Memorial Day weekend, everyone!\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"description": "It's been a week since Facebook went public, and investors have been defriending it ever since. And that may be the least of the company's worries. As a public service, and for the historical record, we gave our crack financial team the task of ferreting out what, exactly, happened. Here are nine things they discovered",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4.jpg\">\u003cimg class=\"alignright size-medium wp-image-65792\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4-300x112.jpg\" alt=\"\" width=\"254\" height=\"95\">\u003c/a>It's been a \u003ca href=\"http://ww2.kqed.org/news/2012/05/18/facebook-ipo-live-coverage/\">week since Facebook went public\u003c/a>, and investors have been \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\">defriending it\u003c/a> ever since. And that may be the \u003ca href=\"http://www.mercurynews.com/business/ci_20705548/facebook-could-face-huge-damage-claims-from-ipo\">least of the company's worries\u003c/a>.\u003c/p>\n\u003cp>As a public service, and for the historical record, we gave our crack financial team the task of ferreting out what, exactly, happened.\u003c/p>\n\u003cp>Here are nine things they discovered that went wrong with the Facebook IPO...\u003c/p>\n\u003col>\n\u003cli>Mark Zuckerberg updating his status to \"well...that didn't go very well\" an hour after launch provides impetus for short selling\u003c/li>\n\u003cli>Facebook COO Sheryl Sandberg's defriending of Morgan Stanley and Nasdaq immediately after first trade results in a mini-panic\u003c/li>\n\u003cli>Zuckerberg ringing the Nasdaq bell in his bathing suit gives institutional investors pause\u003c/li>\n\u003cli>Virtual shares sold on Farmville dilutes the offering\u003c/li>\n\u003cli>\"Strong Buy\" rating from Bernie Madoff sends smart money to the sidelines\u003c/li>\n\u003cli>Facebook referring all questions about improper disclosures to Andy Samberg rubs media the wrong way\u003c/li>\n\u003cli>Zuckerberg's drunken \"I am the mayor of Crapville\" update interpreted negatively by analysts\u003c/li>\n\u003cli>Sole warning of \"potentially increased competition from Friendster\" considered not enough of a risk assessment by SEC\u003c/li>\n\u003cli>Mid-day changing of Facebook's ticker symbol from \"FB\" to \"FU\" -- not a good sign for anyone\u003c/li>\n\u003c/ol>\n\u003cp>Happy Memorial Day weekend, everyone!\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "The Case of the Berkeley Police Chief and His Son's Stolen iPhone",
"title": "The Case of the Berkeley Police Chief and His Son's Stolen iPhone",
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"content": "\u003cfigure id=\"attachment_66382\" class=\"wp-caption alignright\" style=\"max-width: 190px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/Chiefs-badge.jpg\">\u003cimg class=\"size-medium wp-image-66382\" title=\"Chief's badge\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/Chiefs-badge-281x300.jpg\" alt=\"\" width=\"190\" height=\"203\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Berkeley Police Department\u003c/figcaption>\u003c/figure>\n\u003cp>On March 9, after midnight, Berkeley Police Chief Michael Meehan \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/11/BANH1NJ73K.DTL\">sent his department's public information officer to the home of a reporter\u003c/a>, with instructions that she should press him to make changes to a story he'd written that was appearing online.\u003c/p>\n\u003cp>That incident, for which Meehan apologized, is the subject of an outside investigation ordered by the city manager. And now another matter involving the chief has some Berkeleyites shaking their heads anew.\u003c/p>\n\u003cp>For an update, we turn to Tracey Taylor of KQED news associate Berkeleyside, which has been \u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/\">following the story\u003c/a>.\u003c/p>\n\u003cp>Edited transcript...\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: Over the last couple of days, whenever I tell anyone about this story, they seem to almost be in a state of disbelief. But the chief and the department are defending themselves and don't seem to think anything is unusual here. Tell us what happened...\u003c/p>\n\u003cp>\u003cstrong>BERKELEYSIDE'S TRACEY TAYLOR\u003c/strong>: It emerged that on Jan 11 Berkeley Police Department Chief Michael Meehan took part in an investigation that involved sending 10 officers to Oakland to find his son's iPhone. He also went out on the call.\u003c/p>\n\u003cp>The incident started when his son turned up at the Berkeley police station just across the street from Berkeley High School, where he goes, to tell his father that his iPhone had been stolen. Chief Meehan had on his own phone a tracking device which one of the detectives was able to use to track the iPhone to a certain location in Oakland. The decision was made to send 10 officers to this residential block in Oakland to look for the phone. Meehan was present when the officers were knocking on doors -- in one block in Oakland, several officers knocked on doors to try to locate the phone, which was never found.\u003c/p>\n\u003cp>Some of the officers involved were from the drug task force, and they opted to come in and help on the investigation. And four of the officers involved, property crime detectives, went into overtime, which cost the city about $740 dollars.\u003c/p>\n\u003cp>There was no report filed on this. It's standard to file a report on any investigation, and the department says that was an oversight that only came to its attention when looking into the story after questions from reporters.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: How unusual is it for Berkeley police to go into Oakland, to conduct an investigation in an area that is not under their jurisdiction?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: Crossing the border is fairly common and they don't necessarily always tell Oakland police they're coming in. They sometimes tell them out of courtesy and also as a matter of safety if they're chasing someone. In this case OPD wasn't alerted.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: Berkeleyside talked to Chief Meehan yesterday. What did he say?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: He explained, in his own words, about the incident. He was very keen to stress that what had happened was not preferential treatment, even though this has been cast in the media as preferential treatment. He said that what happened when they sent out officers to try and live-track his son’s phone would be something the department would have done for anybody in the city, that it was not unusual to respond to a stolen iPhone this way.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/#comment-537000078\">\u003cstrong>Berkeleyside readers comment\u003c/strong>\u003c/a> \u003c/aside>\n\u003cp>He stressed what the Berkeley Police Department had already said -- that he did not give the order for the search –- that a group of detectives were in a room with him, and one of the detective sergeants said, “let’s go find this phone.” Meehan said he went along for two reasons: first, because he had never personally taken part in tracking an iPhone using these apps that allow you to monitor the location, so he was interested to see it happening. And also because it was his personal iPhone that was being used to track his son’s iPhone. So he wanted to stay close to his phone.\u003c/p>\n\u003cp>He also said that he did not request a report because he was not the officer in charge of this particular investigation. And he did not know, until recently, that a report had not been filed – that this only came to light when the media started asking questions. BPD says it was an oversight.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: And what would you say the chief's attitude was toward this whole story?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: I would say he was fairly defiant, that he thought a storm had been created around this situation, when in fact it was a fairly straightforward, not atypical investigation, and that preferential treatment was not an issue here.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: How are people reacting in Berkeley to this episode?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: Well a lot of \u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/#comment-537000078\">Berkeleyside readers\u003c/a> think he should step down, that this is not acceptable behavior and it shows a poor sense of priorities sending officers on something like this, which is resources and time and money people don’t think should have been spent. Or people think he should at least apologize.\u003c/p>\n\u003cp>But it's exacerbated by concern over the earlier incident in which Chief Meehan sent an officer to a reporter's house to ask him to change some things in an article. There are two independent agencies that have been hired by the city to look into that. One is from an agency brought in to analyze the Berkeley Police Department's media relations; the other is an investigation by a San Francisco law firm, hired by the city manager. That investigation is focusing on whether the chief broke any rules. That investigation is ongoing, and the city is not intending to make the report public, because it's considered a personnel matter. Both those investigations together will cost the city $50,000. I think that's informing a lot of the surprise and feeling about Chief Meehan right now.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong> What was the view of Chief Meehan before these two incidents?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: These incidents aside, he's proved to be a popular chief. He's done a lot of community outreach, and if you did a survey, I think you'd find a lot of people are happy with him, for reasons not the least of which is that crime rates are down since he came on board. He's also talked at meetings about wanting to have a transparent department, and about improving crime data.\u003c/p>\n\u003cp>But within the department there's a lot of dissatisfaction and grumbling about his leadership and his decision making, on a level more wide-ranging than just the two incidents. We've heard from people within the department who say they're not happy with his leadership style, what they call his self-involvement.\u003c/p>\n\u003cp>Having said that we should also point out that the police unions are currently renegotiating their contract right now, so one should take some of these things with a grain of salt.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cem>Addendum\u003c/em>: From \u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/\">Berkeleyside\u003c/a> yesterday:\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"On Tuesday, the BPD supplied Berkeleyside with examples of seven cases where anywhere between four and 11 police officers were assigned to track and locate iPhones or iPads. The cases were from the past three years. One took the police to San Francisco, and two resulted in arrests.\" \u003c!--more-->\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>A summary of the incident was provided by the Berkeley Police Department on Tuesday. Here it is:\u003c/p>\n\u003cblockquote>\u003cp>\u003cem>January 11, 2012 Incident Involving BPD Chief Michael K. Meehan Son's Stolen iPhone 052212\u003c/em>\u003c/p>\n\u003cp>On January 11, 2012, Chief Michael K. Meehan son’s iPhone was stolen at Berkeley High School. The stolen iPhone was equipped with tracking software, which was providing its general location in real time.\u003c/p>\n\u003cp>Chief Meehan showed his own phone with the in progress tracking of his son’s stolen phone to the BPD Property Crimes Detective Sergeant. Given the active signal of the stolen phone, the Detective Sergeant decided to take his team to try to locate it. As the signal was moving into the City of Oakland, the Detective Sergeant called the Drug Task Force (DTF) to ask for some additional assistance and members of that team offered to help. Chief Meehan did not order anyone to investigate.”\u003c/p>\n\u003cp>The team followed the signal from Berkeley into Oakland until the signal stopped updating its position. Members of BPD attempted to contact residents at several homes in the vicinity of the last known signal of the stolen phone. The area was 55th Street and San Pablo Avenue in North Oakland. No community members in that neighborhood were able to provide any useful information and the team ended the investigation. Four detectives (One Sergeant and 3 detectives) extended their shifts for approximately two hours each and were given overtime.”\u003c/p>\n\u003cp>It is common for BPD officers to actively investigate an in-progress tracking signal from a stolen electronic device. (e.g. Laptops, Smartphones and Tablets) These investigations can involve a Supervisor and multiple officers depending on the circumstances of the case and the location(s) of the signal(s).” (examples forthcoming)\u003c/p>\n\u003cp>No report was written, an oversight that came to our attention when researching your questions. The team did not call the City of Oakland Police Department (OPD), although this is a courtesy and not required.”\u003c/p>\n\u003cp>BPD has long recommended that community members use tracking software on their devices or load such software in order to support an investigation and the possible recovery of stolen property. This incident demonstrates the importance of safeguarding your property, a theme continually emphasized by the BPD.”\u003c/p>\n\u003cp>This is a feature on the BPD website - http://www.cityofberkeley.info/ContentDisplay.aspx?id=74160\u003cbr>\nSergeant Mary C. Kusmiss S-6\u003cbr>\nBPD Public Information Officer\u003c/p>\u003c/blockquote>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_66382\" class=\"wp-caption alignright\" style=\"max-width: 190px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/Chiefs-badge.jpg\">\u003cimg class=\"size-medium wp-image-66382\" title=\"Chief's badge\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/Chiefs-badge-281x300.jpg\" alt=\"\" width=\"190\" height=\"203\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Berkeley Police Department\u003c/figcaption>\u003c/figure>\n\u003cp>On March 9, after midnight, Berkeley Police Chief Michael Meehan \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/11/BANH1NJ73K.DTL\">sent his department's public information officer to the home of a reporter\u003c/a>, with instructions that she should press him to make changes to a story he'd written that was appearing online.\u003c/p>\n\u003cp>That incident, for which Meehan apologized, is the subject of an outside investigation ordered by the city manager. And now another matter involving the chief has some Berkeleyites shaking their heads anew.\u003c/p>\n\u003cp>For an update, we turn to Tracey Taylor of KQED news associate Berkeleyside, which has been \u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/\">following the story\u003c/a>.\u003c/p>\n\u003cp>Edited transcript...\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: Over the last couple of days, whenever I tell anyone about this story, they seem to almost be in a state of disbelief. But the chief and the department are defending themselves and don't seem to think anything is unusual here. Tell us what happened...\u003c/p>\n\u003cp>\u003cstrong>BERKELEYSIDE'S TRACEY TAYLOR\u003c/strong>: It emerged that on Jan 11 Berkeley Police Department Chief Michael Meehan took part in an investigation that involved sending 10 officers to Oakland to find his son's iPhone. He also went out on the call.\u003c/p>\n\u003cp>The incident started when his son turned up at the Berkeley police station just across the street from Berkeley High School, where he goes, to tell his father that his iPhone had been stolen. Chief Meehan had on his own phone a tracking device which one of the detectives was able to use to track the iPhone to a certain location in Oakland. The decision was made to send 10 officers to this residential block in Oakland to look for the phone. Meehan was present when the officers were knocking on doors -- in one block in Oakland, several officers knocked on doors to try to locate the phone, which was never found.\u003c/p>\n\u003cp>Some of the officers involved were from the drug task force, and they opted to come in and help on the investigation. And four of the officers involved, property crime detectives, went into overtime, which cost the city about $740 dollars.\u003c/p>\n\u003cp>There was no report filed on this. It's standard to file a report on any investigation, and the department says that was an oversight that only came to its attention when looking into the story after questions from reporters.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: How unusual is it for Berkeley police to go into Oakland, to conduct an investigation in an area that is not under their jurisdiction?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: Crossing the border is fairly common and they don't necessarily always tell Oakland police they're coming in. They sometimes tell them out of courtesy and also as a matter of safety if they're chasing someone. In this case OPD wasn't alerted.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: Berkeleyside talked to Chief Meehan yesterday. What did he say?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: He explained, in his own words, about the incident. He was very keen to stress that what had happened was not preferential treatment, even though this has been cast in the media as preferential treatment. He said that what happened when they sent out officers to try and live-track his son’s phone would be something the department would have done for anybody in the city, that it was not unusual to respond to a stolen iPhone this way.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/#comment-537000078\">\u003cstrong>Berkeleyside readers comment\u003c/strong>\u003c/a> \u003c/aside>\n\u003cp>He stressed what the Berkeley Police Department had already said -- that he did not give the order for the search –- that a group of detectives were in a room with him, and one of the detective sergeants said, “let’s go find this phone.” Meehan said he went along for two reasons: first, because he had never personally taken part in tracking an iPhone using these apps that allow you to monitor the location, so he was interested to see it happening. And also because it was his personal iPhone that was being used to track his son’s iPhone. So he wanted to stay close to his phone.\u003c/p>\n\u003cp>He also said that he did not request a report because he was not the officer in charge of this particular investigation. And he did not know, until recently, that a report had not been filed – that this only came to light when the media started asking questions. BPD says it was an oversight.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: And what would you say the chief's attitude was toward this whole story?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: I would say he was fairly defiant, that he thought a storm had been created around this situation, when in fact it was a fairly straightforward, not atypical investigation, and that preferential treatment was not an issue here.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: How are people reacting in Berkeley to this episode?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: Well a lot of \u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/#comment-537000078\">Berkeleyside readers\u003c/a> think he should step down, that this is not acceptable behavior and it shows a poor sense of priorities sending officers on something like this, which is resources and time and money people don’t think should have been spent. Or people think he should at least apologize.\u003c/p>\n\u003cp>But it's exacerbated by concern over the earlier incident in which Chief Meehan sent an officer to a reporter's house to ask him to change some things in an article. There are two independent agencies that have been hired by the city to look into that. One is from an agency brought in to analyze the Berkeley Police Department's media relations; the other is an investigation by a San Francisco law firm, hired by the city manager. That investigation is focusing on whether the chief broke any rules. That investigation is ongoing, and the city is not intending to make the report public, because it's considered a personnel matter. Both those investigations together will cost the city $50,000. I think that's informing a lot of the surprise and feeling about Chief Meehan right now.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong> What was the view of Chief Meehan before these two incidents?\u003c/p>\n\u003cp>\u003cstrong>TRACEY TAYLOR\u003c/strong>: These incidents aside, he's proved to be a popular chief. He's done a lot of community outreach, and if you did a survey, I think you'd find a lot of people are happy with him, for reasons not the least of which is that crime rates are down since he came on board. He's also talked at meetings about wanting to have a transparent department, and about improving crime data.\u003c/p>\n\u003cp>But within the department there's a lot of dissatisfaction and grumbling about his leadership and his decision making, on a level more wide-ranging than just the two incidents. We've heard from people within the department who say they're not happy with his leadership style, what they call his self-involvement.\u003c/p>\n\u003cp>Having said that we should also point out that the police unions are currently renegotiating their contract right now, so one should take some of these things with a grain of salt.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cem>Addendum\u003c/em>: From \u003ca href=\"http://www.berkeleyside.com/2012/05/23/berkeley-police-chief-not-some-kind-of-preferential-treatment/\">Berkeleyside\u003c/a> yesterday:\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"On Tuesday, the BPD supplied Berkeleyside with examples of seven cases where anywhere between four and 11 police officers were assigned to track and locate iPhones or iPads. The cases were from the past three years. One took the police to San Francisco, and two resulted in arrests.\" \u003c!--more-->\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>A summary of the incident was provided by the Berkeley Police Department on Tuesday. Here it is:\u003c/p>\n\u003cblockquote>\u003cp>\u003cem>January 11, 2012 Incident Involving BPD Chief Michael K. Meehan Son's Stolen iPhone 052212\u003c/em>\u003c/p>\n\u003cp>On January 11, 2012, Chief Michael K. Meehan son’s iPhone was stolen at Berkeley High School. The stolen iPhone was equipped with tracking software, which was providing its general location in real time.\u003c/p>\n\u003cp>Chief Meehan showed his own phone with the in progress tracking of his son’s stolen phone to the BPD Property Crimes Detective Sergeant. Given the active signal of the stolen phone, the Detective Sergeant decided to take his team to try to locate it. As the signal was moving into the City of Oakland, the Detective Sergeant called the Drug Task Force (DTF) to ask for some additional assistance and members of that team offered to help. Chief Meehan did not order anyone to investigate.”\u003c/p>\n\u003cp>The team followed the signal from Berkeley into Oakland until the signal stopped updating its position. Members of BPD attempted to contact residents at several homes in the vicinity of the last known signal of the stolen phone. The area was 55th Street and San Pablo Avenue in North Oakland. No community members in that neighborhood were able to provide any useful information and the team ended the investigation. Four detectives (One Sergeant and 3 detectives) extended their shifts for approximately two hours each and were given overtime.”\u003c/p>\n\u003cp>It is common for BPD officers to actively investigate an in-progress tracking signal from a stolen electronic device. (e.g. Laptops, Smartphones and Tablets) These investigations can involve a Supervisor and multiple officers depending on the circumstances of the case and the location(s) of the signal(s).” (examples forthcoming)\u003c/p>\n\u003cp>No report was written, an oversight that came to our attention when researching your questions. The team did not call the City of Oakland Police Department (OPD), although this is a courtesy and not required.”\u003c/p>\n\u003cp>BPD has long recommended that community members use tracking software on their devices or load such software in order to support an investigation and the possible recovery of stolen property. This incident demonstrates the importance of safeguarding your property, a theme continually emphasized by the BPD.”\u003c/p>\n\u003cp>This is a feature on the BPD website - http://www.cityofberkeley.info/ContentDisplay.aspx?id=74160\u003cbr>\nSergeant Mary C. Kusmiss S-6\u003cbr>\nBPD Public Information Officer\u003c/p>\u003c/blockquote>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Reports: Facebook in Talks to Switch From Nasdaq to NYSE as Fallout Over Limp IPO Continues",
"title": "Reports: Facebook in Talks to Switch From Nasdaq to NYSE as Fallout Over Limp IPO Continues",
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"content": "\u003cp>The fallout over Facebook's weakly received IPO continues. From AP:\u003c/p>\n\u003cblockquote>\u003cp>Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.\u003c/p>\n\u003cp>The person spoke on the condition of anonymity because they were not authorized to speak publicly. Facebook's much-anticipated IPO was delayed by a half-hour on Friday because of glitches on the Nasdaq.\u003c/p>\n\u003cp>After pricing at $38, Facebook's stock closed up 23 cents on Friday and has been down since. On Wednesday, it closed up $1, at $32, still down nearly 16 percent from the IPO price.\u003c/p>\n\u003cp>The news was \u003ca href=\"http://www.reuters.com/article/2012/05/23/facebook-nyse-idUSL1E8GNE2Q20120523\">reported earlier by Reuters\u003c/a>.\u003c/p>\u003c/blockquote>\n\u003cp>Here's Bloomberg TV's Cory Johnson \u003ca href=\"http://www.bloomberg.com/video/93297723-facebook-nyse-may-have-talked-about-listing-switch.html\">discussing the reported switcheroo\u003c/a>. Johnson says, \"I'm gonna go out on a limb here: I've never heard of anything like this, right after an IPO a company considering another listing. [But] there's never been a listing as screwed up as this was on the Nasdaq.\"\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>Last week, after the Facebook IPO \u003ca href=\"http://money.cnn.com/2012/05/23/technology/facebook-ipo-what-went-wrong/\">landed with a thud\u003c/a>, we \u003ca href=\"http://ww2.kqed.org/news/2012/05/18/interview-with-a-facebook-skeptic-what-went-wrong-today-and-why/\">talked to Sam Hamadeh, CEO of IPO research firm PrivCo\u003c/a>, who had earlier given us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons to avoid Facebook stock\u003c/a>, at least initially. He predicted there was going to be some finger-pointing this week, though he thought the shoe may be on the other foot in terms of Facebook vs. Nasdaq...\u003c/p>\n\u003cblockquote>\u003cp>Morgan Stanley looks horrible right now. The Nasdaq looks horrible. There are people who own IPO shares or bought this morning – they haven't even received trade confirmations yet. There are millions of shares traded that aren't even technically cleared yet.\u003c/p>\n\u003cp>Nasdaq did make extra efforts to do a dress rehearsal, looping in all of the regional exchanges affiliated with it. But even with that you had some major hiccups, the trades not clearing, the delay in the opening, the Zynga flash crash.\u003c/p>\n\u003cp>Morgan Stanley's embarrassed, Nasdaq's embarrassed. I think they're going to blame Facebook. They'll say these guys were pulled kicking and screaming into this process. Mark Zuckerberg only showed up for two of the roadshow stops and barely took questions. He didn't even bother to put on a dress shirt.\u003c/p>\u003c/blockquote>\n\u003cp>Following Facebook's initial failure-to-launch, things have not gotten any better. The stock \u003ca href=\"http://finance.yahoo.com/q/hp?s=FB+Historical+Prices\">continued to drop\u003c/a> (it finally \u003ca href=\"http://www.cnbc.com/id/47534210?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo\">finished up\u003c/a> today), and \u003ca href=\"http://www.reuters.com/article/2012/05/22/us-facebook-forecasts-idUSBRE84L06920120522\">reports\u003c/a> that lead underwriter Morgan Stanley revealed its reduced revenue forecast to select clients before the IPO drew the \u003ca href=\"http://www.cnbc.com/id/47524452\">concern of both federal regulators\u003c/a> and the \u003ca href=\"http://www.reuters.com/article/2012/05/23/us-facebook-congress-ipo-idUSBRE84M12120120523\">U.S. Senate Banking Committee\u003c/a>. (Yesterday, various news outlets \u003ca href=\"http://www.reuters.com/article/2012/05/23/us-facebook-analysts-idUSBRE84M08W20120523\">reported that Facebook itself gave this guidance\u003c/a> to Morgan Stanley analysts.) And of course, there's a \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/23/businessinsiderheres-the-damning-fa.DTL\">lawsuit\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Meanwhile, increased scrutiny of Facebook's business model, as well as other aspects of the company, have proliferated in the media:\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.technologyreview.com/web/40437/?nlid=nldly&nld=2012-05-22\">The Facebook Fallacy\u003c/a> (Technology Review)\u003c/li>\n\u003cli>\u003ca href=\"http://www.reuters.com/article/2012/05/22/us-facebook-pressure-idUSBRE84L00U20120522\">Facebook stock slide puts new pressures on company\u003c/a>(Reuters)\u003c/li>\n\u003cli>\u003ca href=\"http://www.slate.com/articles/technology/technology/2012/05/facebook_ipo_has_social_networking_supplanted_real_innovation_in_silicon_valley_.html\">Has Facebook Ruined Silicon Valley?\u003c/a> (Slate)\u003c/li>\n\u003c/ul>\n\u003cp>\u003c/p>\n\u003cp>Stay tuned...if you give a \u003ca href=\"http://fvguide.org/farmville-farm-cash/\">Farmville dollar's\u003c/a> worth of manure, that is. Some people are \u003ca href=\"http://bostonherald.com/news/columnists/view/20120520why_i_really_like_that_facebooks_ipo_fell_flat\">experiencing Facebook Schadenfreude\u003c/a>. Others may feel they have a \u003ca href=\"http://www.politico.com/news/stories/0512/76640.html\">rooting interest, even if they're not shareholders\u003c/a>.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>The fallout over Facebook's weakly received IPO continues. From AP:\u003c/p>\n\u003cblockquote>\u003cp>Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.\u003c/p>\n\u003cp>The person spoke on the condition of anonymity because they were not authorized to speak publicly. Facebook's much-anticipated IPO was delayed by a half-hour on Friday because of glitches on the Nasdaq.\u003c/p>\n\u003cp>After pricing at $38, Facebook's stock closed up 23 cents on Friday and has been down since. On Wednesday, it closed up $1, at $32, still down nearly 16 percent from the IPO price.\u003c/p>\n\u003cp>The news was \u003ca href=\"http://www.reuters.com/article/2012/05/23/facebook-nyse-idUSL1E8GNE2Q20120523\">reported earlier by Reuters\u003c/a>.\u003c/p>\u003c/blockquote>\n\u003cp>Here's Bloomberg TV's Cory Johnson \u003ca href=\"http://www.bloomberg.com/video/93297723-facebook-nyse-may-have-talked-about-listing-switch.html\">discussing the reported switcheroo\u003c/a>. Johnson says, \"I'm gonna go out on a limb here: I've never heard of anything like this, right after an IPO a company considering another listing. [But] there's never been a listing as screwed up as this was on the Nasdaq.\"\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>Last week, after the Facebook IPO \u003ca href=\"http://money.cnn.com/2012/05/23/technology/facebook-ipo-what-went-wrong/\">landed with a thud\u003c/a>, we \u003ca href=\"http://ww2.kqed.org/news/2012/05/18/interview-with-a-facebook-skeptic-what-went-wrong-today-and-why/\">talked to Sam Hamadeh, CEO of IPO research firm PrivCo\u003c/a>, who had earlier given us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons to avoid Facebook stock\u003c/a>, at least initially. He predicted there was going to be some finger-pointing this week, though he thought the shoe may be on the other foot in terms of Facebook vs. Nasdaq...\u003c/p>\n\u003cblockquote>\u003cp>Morgan Stanley looks horrible right now. The Nasdaq looks horrible. There are people who own IPO shares or bought this morning – they haven't even received trade confirmations yet. There are millions of shares traded that aren't even technically cleared yet.\u003c/p>\n\u003cp>Nasdaq did make extra efforts to do a dress rehearsal, looping in all of the regional exchanges affiliated with it. But even with that you had some major hiccups, the trades not clearing, the delay in the opening, the Zynga flash crash.\u003c/p>\n\u003cp>Morgan Stanley's embarrassed, Nasdaq's embarrassed. I think they're going to blame Facebook. They'll say these guys were pulled kicking and screaming into this process. Mark Zuckerberg only showed up for two of the roadshow stops and barely took questions. He didn't even bother to put on a dress shirt.\u003c/p>\u003c/blockquote>\n\u003cp>Following Facebook's initial failure-to-launch, things have not gotten any better. The stock \u003ca href=\"http://finance.yahoo.com/q/hp?s=FB+Historical+Prices\">continued to drop\u003c/a> (it finally \u003ca href=\"http://www.cnbc.com/id/47534210?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo\">finished up\u003c/a> today), and \u003ca href=\"http://www.reuters.com/article/2012/05/22/us-facebook-forecasts-idUSBRE84L06920120522\">reports\u003c/a> that lead underwriter Morgan Stanley revealed its reduced revenue forecast to select clients before the IPO drew the \u003ca href=\"http://www.cnbc.com/id/47524452\">concern of both federal regulators\u003c/a> and the \u003ca href=\"http://www.reuters.com/article/2012/05/23/us-facebook-congress-ipo-idUSBRE84M12120120523\">U.S. Senate Banking Committee\u003c/a>. (Yesterday, various news outlets \u003ca href=\"http://www.reuters.com/article/2012/05/23/us-facebook-analysts-idUSBRE84M08W20120523\">reported that Facebook itself gave this guidance\u003c/a> to Morgan Stanley analysts.) And of course, there's a \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/23/businessinsiderheres-the-damning-fa.DTL\">lawsuit\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Meanwhile, increased scrutiny of Facebook's business model, as well as other aspects of the company, have proliferated in the media:\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.technologyreview.com/web/40437/?nlid=nldly&nld=2012-05-22\">The Facebook Fallacy\u003c/a> (Technology Review)\u003c/li>\n\u003cli>\u003ca href=\"http://www.reuters.com/article/2012/05/22/us-facebook-pressure-idUSBRE84L00U20120522\">Facebook stock slide puts new pressures on company\u003c/a>(Reuters)\u003c/li>\n\u003cli>\u003ca href=\"http://www.slate.com/articles/technology/technology/2012/05/facebook_ipo_has_social_networking_supplanted_real_innovation_in_silicon_valley_.html\">Has Facebook Ruined Silicon Valley?\u003c/a> (Slate)\u003c/li>\n\u003c/ul>\n\u003cp>\u003c/p>\n\u003cp>Stay tuned...if you give a \u003ca href=\"http://fvguide.org/farmville-farm-cash/\">Farmville dollar's\u003c/a> worth of manure, that is. Some people are \u003ca href=\"http://bostonherald.com/news/columnists/view/20120520why_i_really_like_that_facebooks_ipo_fell_flat\">experiencing Facebook Schadenfreude\u003c/a>. Others may feel they have a \u003ca href=\"http://www.politico.com/news/stories/0512/76640.html\">rooting interest, even if they're not shareholders\u003c/a>.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "HP to Lay Off About 27,000 by 2014",
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"content": "\u003cp>SAN FRANCISCO (AP) Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://tech.fortune.cnn.com/2012/05/08/500-hp-apotheker/\">\u003cstrong>How Hewlett-Packard lost its way\u003c/strong>\u003c/a> (Fortune magazine, May 8)\u003c/aside>\n\u003cp>The cuts announced Wednesday represent the HP's largest payroll purge in its 73-year history. The reductions will affect about 8 percent of Hewlett-Packard Co.'s nearly 350,000 employees by the time the overhaul is completed in October 2014.\u003c/p>\n\u003cp>HP hopes to avoid as many layoffs by offering early retirement packages.\u003c/p>\n\u003cp>The company, which is based in Palo Alto, Calif., expects to save as much as $3.5 billion annually from the job cuts and other austerity measures.\u003c/p>\n\u003cp>News of the cutbacks overshadowed the release of HP's latest quarterly results. The company's earnings and revenue were both better than analysts projected. HP reported sales of $30.7 billion, down 3 percent from a year ago, and a profit of $1.6 billion, down 31 percent.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003ca href=\"http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1699268&highlight=\">Press release from HP\u003c/a> here. \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>More, on past HP bloodletting, from the \u003ca href=\"http://www.mercurynews.com/business/ci_20692303\">San Jose Mercury News\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>HP has taken an ax to its workforce on several other occasions in recent years. In June 2010, it announced it was cutting about 9,000 positions \"over a multiyear period to reinvest for future growth.\" Two years earlier, it disclosed a \"restructuring program\" to eliminate 24,600 employees over three years. And in 2005, it said it was cutting 14,500 workers over the next year and a half.\u003c/p>\n\u003cp>In a note to its clients this week, Deutsche Bank analysts said past layoffs \"have done little to improve HP's competitive position or reduce its reliance on declining or troubled businesses.\" And despite HP's assertion that the latest cuts will enable the company to reinvest in other key market areas, Deutsche Bank questioned that rationale because the company \"has been restructuring for the past decade...\"\u003c/p>\n\u003cp>In another recent note, analysts at Bernstein Research concluded that HP could save $500 million for every 5,000 people laid off, but warned that their biggest concern based on the first quarter \"was HP's apparent lack of competitiveness, as the company grew slower than its rivals across all business units,\" including personal computers, servers, laser printers and tech services. While \"it is too early to write-off the company,\" they added, \"investors view HP as a 'broken' company.\"\u003c/p>\u003c/blockquote>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>SAN FRANCISCO (AP) Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://tech.fortune.cnn.com/2012/05/08/500-hp-apotheker/\">\u003cstrong>How Hewlett-Packard lost its way\u003c/strong>\u003c/a> (Fortune magazine, May 8)\u003c/aside>\n\u003cp>The cuts announced Wednesday represent the HP's largest payroll purge in its 73-year history. The reductions will affect about 8 percent of Hewlett-Packard Co.'s nearly 350,000 employees by the time the overhaul is completed in October 2014.\u003c/p>\n\u003cp>HP hopes to avoid as many layoffs by offering early retirement packages.\u003c/p>\n\u003cp>The company, which is based in Palo Alto, Calif., expects to save as much as $3.5 billion annually from the job cuts and other austerity measures.\u003c/p>\n\u003cp>News of the cutbacks overshadowed the release of HP's latest quarterly results. The company's earnings and revenue were both better than analysts projected. HP reported sales of $30.7 billion, down 3 percent from a year ago, and a profit of $1.6 billion, down 31 percent.\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://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1699268&highlight=\">Press release from HP\u003c/a> here. \u003c/p>\n\u003cp>\u003c/p>\n\u003cp>More, on past HP bloodletting, from the \u003ca href=\"http://www.mercurynews.com/business/ci_20692303\">San Jose Mercury News\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>HP has taken an ax to its workforce on several other occasions in recent years. In June 2010, it announced it was cutting about 9,000 positions \"over a multiyear period to reinvest for future growth.\" Two years earlier, it disclosed a \"restructuring program\" to eliminate 24,600 employees over three years. And in 2005, it said it was cutting 14,500 workers over the next year and a half.\u003c/p>\n\u003cp>In a note to its clients this week, Deutsche Bank analysts said past layoffs \"have done little to improve HP's competitive position or reduce its reliance on declining or troubled businesses.\" And despite HP's assertion that the latest cuts will enable the company to reinvest in other key market areas, Deutsche Bank questioned that rationale because the company \"has been restructuring for the past decade...\"\u003c/p>\n\u003cp>In another recent note, analysts at Bernstein Research concluded that HP could save $500 million for every 5,000 people laid off, but warned that their biggest concern based on the first quarter \"was HP's apparent lack of competitiveness, as the company grew slower than its rivals across all business units,\" including personal computers, servers, laser printers and tech services. While \"it is too early to write-off the company,\" they added, \"investors view HP as a 'broken' company.\"\u003c/p>\u003c/blockquote>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Facebook Shares Lose 11%, Finish Below IPO Price",
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"content": "\u003cp>\u003ciframe marginwidth=\"0\" marginheight=\"0\" align=\"right\" frameborder=\"0\" scrolling=\"no\" src=\"http://api.finance.yahoo.com/instrument/1.0/FB/badge;quote/HTML?AppID=xzg8CNaH9gJySRTMb0mwgsk-&sig=7QbsRbpzIcnBvqm_bFBx7lW4nA8-&t=1337614094399\" width=\"200px\" height=\"321px\">\u003ca href=\"http://finance.yahoo.com\">Yahoo! Finance\u003c/a>\u003c/iframe>\u003cbr>\nNEW YORK (AP) Facebook shares finished at $34.03, well below its $38 IPO price in the social network's second day of trading as a public company. \u003c/p>\n\u003cp>\"There must have been some sober second thoughts about this,\" said Brian Wieser, an analyst at Pivotal Research Group who was first to come out with a \"Sell\" rating on Facebook's stock on Friday.\u003c/p>\n\u003cp>It's not that he thinks the world's largest online social network is a bad investment. But at $38 per share, it's just too expensive considering the risks associated with Facebook's brief history and unproven advertising model, he says. His fair price, or \"target price,\" is $30.\u003c/p>\n\u003cp>Initial public offerings are a delicate game of supply and demand. The investment banks orchestrating the transaction, the deal's underwriters, work with the company to decide how much stock to sell and at what price.\u003c/p>\n\u003cp>In Facebook's case, says Michael Pachter, an analyst with Wedbush Securities, the \"underwriters gave FB poor advice, and allowed them to sell too much stock, then didn't properly sell the deal.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Investors and technology industry watchers are closely tracking the Menlo Park, Calif.-based company's shares. Facebook's initial public stock offering was one of the most anticipated ever, and now serves as a bellwether for other social media companies.\u003c/p>\n\u003cp>To be fair, Facebook's market debut Friday suffered some hiccups. Trading on the Nasdaq was delayed for a half hour due to issues with traders' orders. The stock closed Friday just a few cents above where it priced Thursday night. Although many investors had hoped for a big first-day pop, Facebook's stock opened Friday at $42.05 and fluctuated between $45 and $38 throughout the day before closing at $38.23.\u003c/p>\n\u003cp>Wedbush analyst Michael Pachter, who came out with an \"Outperform\" rating on Facebook before its IPO, said he thinks the investment banks that arranged the offering overestimated demand for the company's stock. Last week, the bankers, led by Morgan Stanley, increased the offering price range. On Wednesday, Facebook's early investors and other stockholders increased the number of shares they planned to sell in the IPO. Both moves appeared to signal strong demand for the shares.\u003c/p>\n\u003cp>\"The late addition of 84 million shares to the offering overwhelmed demand, limiting the first day price,\" Pachter said in a note to investors.\u003c/p>\n\u003cp>Shares of some related social media companies also declined Monday. Zynga Inc., which makes FarmVille, CityVille and Mafia Wars, and gets the bulk of its revenue from Facebook users, fell about 1 percent to $7.07. The stock hit as low as $6.36, its lowest level since the San Francisco company's December IPO. LinkedIn Corp., a network for professionals, dropped 1 percent to $97.99.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\">\u003cstrong>Real-time stock quote\u003c/strong>\u003c/a> (Yahoo! Finance)\n\u003c/li>\u003cli>\u003ca href=\"http://www.bloomberg.com/tv/\">\u003cstrong>Watch live: Bloomberg TV\u003c/strong>\u003c/a>\n\u003c/li>\u003cli>\u003ca href=\"http://ww2.kqed.org/news/2012/05/18/interview-with-a-facebook-skeptic-what-went-wrong-today-and-why/\">\u003cstrong>Facebook IPO: What went wrong\u003c/strong>\u003c/a> (News Fix)\n\u003c/li>\u003c/ul>\n\u003c/aside>\n\u003cp>Last week, the underwriters, led by Morgan Stanley, increased the offering price range. On Wednesday, Facebook's early investors and other stockholders increased the number of shares they were selling in the IPO. Both had seemingly been signals that there was strong demand for shares.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"The late addition of 84 million shares to the offering overwhelmed demand, limiting the first day price,\" Pachter said in a note to investors.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ciframe marginwidth=\"0\" marginheight=\"0\" align=\"right\" frameborder=\"0\" scrolling=\"no\" src=\"http://api.finance.yahoo.com/instrument/1.0/FB/badge;quote/HTML?AppID=xzg8CNaH9gJySRTMb0mwgsk-&sig=7QbsRbpzIcnBvqm_bFBx7lW4nA8-&t=1337614094399\" width=\"200px\" height=\"321px\">\u003ca href=\"http://finance.yahoo.com\">Yahoo! Finance\u003c/a>\u003c/iframe>\u003cbr>\nNEW YORK (AP) Facebook shares finished at $34.03, well below its $38 IPO price in the social network's second day of trading as a public company. \u003c/p>\n\u003cp>\"There must have been some sober second thoughts about this,\" said Brian Wieser, an analyst at Pivotal Research Group who was first to come out with a \"Sell\" rating on Facebook's stock on Friday.\u003c/p>\n\u003cp>It's not that he thinks the world's largest online social network is a bad investment. But at $38 per share, it's just too expensive considering the risks associated with Facebook's brief history and unproven advertising model, he says. His fair price, or \"target price,\" is $30.\u003c/p>\n\u003cp>Initial public offerings are a delicate game of supply and demand. The investment banks orchestrating the transaction, the deal's underwriters, work with the company to decide how much stock to sell and at what price.\u003c/p>\n\u003cp>In Facebook's case, says Michael Pachter, an analyst with Wedbush Securities, the \"underwriters gave FB poor advice, and allowed them to sell too much stock, then didn't properly sell the deal.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Investors and technology industry watchers are closely tracking the Menlo Park, Calif.-based company's shares. Facebook's initial public stock offering was one of the most anticipated ever, and now serves as a bellwether for other social media companies.\u003c/p>\n\u003cp>To be fair, Facebook's market debut Friday suffered some hiccups. Trading on the Nasdaq was delayed for a half hour due to issues with traders' orders. The stock closed Friday just a few cents above where it priced Thursday night. Although many investors had hoped for a big first-day pop, Facebook's stock opened Friday at $42.05 and fluctuated between $45 and $38 throughout the day before closing at $38.23.\u003c/p>\n\u003cp>Wedbush analyst Michael Pachter, who came out with an \"Outperform\" rating on Facebook before its IPO, said he thinks the investment banks that arranged the offering overestimated demand for the company's stock. Last week, the bankers, led by Morgan Stanley, increased the offering price range. On Wednesday, Facebook's early investors and other stockholders increased the number of shares they planned to sell in the IPO. Both moves appeared to signal strong demand for the shares.\u003c/p>\n\u003cp>\"The late addition of 84 million shares to the offering overwhelmed demand, limiting the first day price,\" Pachter said in a note to investors.\u003c/p>\n\u003cp>Shares of some related social media companies also declined Monday. Zynga Inc., which makes FarmVille, CityVille and Mafia Wars, and gets the bulk of its revenue from Facebook users, fell about 1 percent to $7.07. The stock hit as low as $6.36, its lowest level since the San Francisco company's December IPO. LinkedIn Corp., a network for professionals, dropped 1 percent to $97.99.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cul>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\">\u003cstrong>Real-time stock quote\u003c/strong>\u003c/a> (Yahoo! Finance)\n\u003c/li>\u003cli>\u003ca href=\"http://www.bloomberg.com/tv/\">\u003cstrong>Watch live: Bloomberg TV\u003c/strong>\u003c/a>\n\u003c/li>\u003cli>\u003ca href=\"http://ww2.kqed.org/news/2012/05/18/interview-with-a-facebook-skeptic-what-went-wrong-today-and-why/\">\u003cstrong>Facebook IPO: What went wrong\u003c/strong>\u003c/a> (News Fix)\n\u003c/li>\u003c/ul>\n\u003c/aside>\n\u003cp>Last week, the underwriters, led by Morgan Stanley, increased the offering price range. On Wednesday, Facebook's early investors and other stockholders increased the number of shares they were selling in the IPO. Both had seemingly been signals that there was strong demand for shares.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"The late addition of 84 million shares to the offering overwhelmed demand, limiting the first day price,\" Pachter said in a note to investors.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Interview With IPO Analyst: What Went Wrong With Facebook Debut and What It Means...",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4.jpg\">\u003cimg class=\"alignright size-medium wp-image-65792\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4-300x112.jpg\" alt=\"\" width=\"300\" height=\"112\">\u003c/a>Besides creating the potential for a new crop of 20-somethings to block your driveway with their Lamborghinis, the Facebook IPO has some other significant consequences riding on it. Like \u003ca href=\"http://ww2.kqed.org/news/2012/05/15/laos-target-price-for-facebook-45-per-share/\">revenue for the state budget\u003c/a>, \u003ca href=\"http://blog.sfgate.com/ontheblock/2012/05/18/how-will-the-facebook-ipo-affect-local-real-estate/?tsp=1\">local real estate prices\u003c/a>, and the \u003ca href=\"http://www.mercurynews.com/business/ci_19862712\">general Bay Area economy\u003c/a>.\u003c/p>\n\u003cp>That may diminish whatever \u003ca href=\"http://bostonherald.com/news/columnists/view/20120520why_i_really_like_that_facebooks_ipo_fell_flat\">Schadenfreude\u003c/a> you -- who can't afford face cream right now let alone Facebook -- may be feeling over the following headlines referring to Facebook's big debut: \u003c/p>\n\u003cul>\n\u003cli>Faceplant for Facebook (\u003ca href=\"http://www.marketwatch.com/\">MarketWatch\u003c/a>)\u003c/li>\n\u003cli>Big Volume, Little Upside (\u003ca href=\"http://www.cnbc.com/\">CNBC\u003c/a>)\u003c/li>\n\u003cli>\u003ca href=\"http://dealbook.nytimes.com/2012/05/18/facebook-opens-at-42-05-in-debut-but-falls-quickly/?hp\">Scant Gain for Facebook Shares on First Day of Trading\u003c/a> (NY Times)\u003c/li>\n\u003cli>Facebook off to faltering public start (\u003ca href=\"http://www.ft.com/home/us\">Financial Times\u003c/a>)\u003c/li>\n\u003c/ul>\n\u003cp>Those all refer to the fact that shares of the highly anticipated offering finished just about a half-percent over the opening price -- and only with the \u003ca href=\"http://www.latimes.com/business/technology/la-fi-tn-facebook-trading-20120518,0,6622700.story\">help of big buy orders from the underwriter\u003c/a>, to boot. The Big Facebook Bang was also \u003ca href=\"http://dealbook.nytimes.com/2012/05/18/facebooks-debut-marred-by-trading-glitches/?hp\">marred by trading glitches\u003c/a> on the Nasdaq exchange.\u003c/p>\n\u003cp>A couple of days ago Sam Hamadeh, CEO of IPO research firm PrivCo, handed us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons to sit out the Facebook IPO\u003c/a>. Now that the IPO has launched, Hamadeh thinks the entire thing was a bit of a fiasco. Here's an edited transcript from my interview with him after the bell...\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: So what happened today?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH, PRIVCO CEO\u003c/strong>: The first trade was expected to go at 10am ET; at 9:15 early indications of the first clearing price was $45 per share. Once that price hit the tape, a lot of new sell orders came in hoping to get that price. That gradually kept ticking the shares down, unexpectedly. So they changed the first trade to 11 a.m.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cp>Obviously this is an enormous disappointment for people in the Bay Area... I think this probably represents the closing of the IPO window for awhile...\u003c/p>\n\u003c/aside>\n\u003cp>Throughout the day it seemed like a lot of people got extremely nervous. A lot of people were expecting an easy flip, that the stock could go up 50% or maybe 100%, and once that clearly wasn't happening, it very rapidly started to approach the IPO price of $38 per share. The underwriters actually had to step in and put in what are called supporting bids.\u003c/p>\n\u003cp>It's a standard part of the agreement that if necessary, underwriters will step in with their own capital and provide liquidity in the first hours or couple of days of trading.\u003c/p>\n\u003cp>All through the last half hour of trading you saw it trading consistently at 38,38.01, and all those buy orders were coming from the underwriters. They were effectively artificially supporting the price. Without them stepping in, the stock would have clearly dropped below the IPO price in what's called on Wall street a busted IPO, a trade below the offering price.\u003c/p>\n\u003cp>It's a big disappointment for almost anybody. But I can't say we were shocked given it was so overvalued.\u003c/p>\n\u003cp>As to why this happened, one of the missteps was first raising the price range. That clearly would have left some upside for other people. They got a little too greedy. Then two days ago, increasing the total offering by 25%, adding another $4 billion dollars-plus to this offering, really left almost no one left who didn't get to buy. And without anyone left, there just wasn't the demand there to support the stock. Very stunning development for most observers. \u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: How common is it for underwriters to have to step in to support the price?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: It's not unusual to make the guarantee, but it is unusual to have to make good on it. The last major example is Zynga's IPO in December, when it went public at 10, shares immediately started plummeting and underwriters stepped in with a supporting bid at 9. It closed just above 9 per share. Still a busted IPO.\u003c/p>\n\u003cp>Clearly they had to step in today, and it augurs poorly for what will happen to the stock once that implicit guarantee goes away.\u003c/p>\n\u003cp>One thing to keep in mind, with an $18 billion float, there were 550 million shares traded today, which was bigger than the offering. That means every share traded hands 1 ½ times. The underwriting fee pool was only $190 million. So the underwriters can't risk more than they made on the deal. Their ability to keep it at $38 was very limited by just the size of it.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: What about the dive in related social media stocks like Zynga, Pandora, and LinkedIn? How do you interpret that?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: There's no question that companies had risen the last couple of weeks based on an expected Facebook IPO pop, or at least not fallen as much as they otherwise would have. I think a lot of investors got nervous once it became clear this pop wasn't coming; you saw a lot of shorting on those stocks.\u003c/p>\n\u003cp>Facebook isn't shortable; it doesn't have options that trade on it. So if you're trying to hedge, or lets' say you're an employee or an early investor and your shares are locked up for the next six months, the way to bet against Facebook would be to sell other companies as proxy investments.\u003c/p>\n\u003cp>Zynga is probably the closest proxy investment, given that some 11 to 12 percent of Facebook's revenues come from Zynga. Around 11:30 a.m., shortly after it became clear that this pop was going to not be a pop but in fact be a fizzle, massive short positions were initiated. In particular, one large hedge fund placed a massive negative bet on Zynga and it caused it to crash 14 percent in a matter of literally 60 seconds. When that happened it triggered Nasdaq rules to halt trading temporarily in any stock that falls over 10 percent in less than five mintues. That happened twice to Zynga today.\u003c/p>\n\u003cp>Clearly people wanted to get out of Facebook or at least hedge their position in it, and Zynga and some of the other social media stocks were the closest proxy investments to make bets against Facebook.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: So do you think this is the official popping of whatever bubble there was?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Obviously this is an enormous disappointment for people in the Bay Area. Even if they didn't have stock in Facebook, they at least have stakes indirectly in social media companies they were hoping would get acquired, would be able to go public in the summer or after Labor Day, and the halo effect was supposed to carry into Spotify, Branchout, Airbnb and so forth.\u003c/p>\n\u003cp>I think to us at PrivCo this probably represents the closing of the IPO window for awhile, and any company that's going to try to go public is going to have to dial back on the proportion of the IPO that represents insider sales. Facebook got pretty greedy at the end, with 57 percent of the offering going to insider selling. That's a remarkable percentage. There's only two other IPOs in the past year according to our tracking that had more than 50 percent of the IPO go to insiders.\u003c/p>\n\u003cp>Second, no more raising the price range every few days. Third, no more raising the amount of shares being offered. All those games are over. Clearly Facebook overreached. I don't think this is the headline people wanted going into tomorrow's newspaper.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: What happens Monday?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Morgan Stanley looks horrible right now. The Nasdaq looks horrible. There are people who own IPO shares or bought this morning – they \u003ca href=\"http://www.washingtonpost.com/national/nasdaq-glitch-delays-some-investors-of-facebook-ipo-from-knowing-if-trades-were-completed/2012/05/18/gIQAFY8MZU_story.html\">haven't even received trade confirmations\u003c/a> yet. There are millions of shares traded that aren't even technically cleared yet.\u003c/p>\n\u003cp>Nasdaq did make extra efforts to do a dress rehearsal, looping in all of the regional exchanges affiliated with it. But even with that you had some major hiccups, the trades not clearing, the delay in the opening, the Zynga flash crash. Morgan Stanley's embarrassed, Nasdaq's embarrassed. I think they're going to blame Facebook. They'll say these guys wer pulled kicking and screaming into this process. Mark Zuckerberg only showed up for two of the roadshow stops and barely took questions. He didn'teven bother to put on a dress shirt.\u003c/p>\n\u003cp>It was a massive IPO, 550 million shares traded, a new record. They're going to blame Facebook management.\u003c/p>\n\u003cp>And they made big compromises. Nasdaq gave Facebook a two –digit ticker symbol -- Nasdaq stocks are typically a four digits. They agreed to put them in the Nasdaq 100 a year early. They changed the rules just for Facebook, to get the deal. Morgan Stanley took a massive cut in fees. The fees for this deal were only 1.1 percent; the average IPO fees are between 5 and 8 percent of a deal. They did this becase they were hoping new tech IPOs would come to Nasdaq, Morgan Stanley would have bragging rights, getting it done and everyone making money. That's all gone now mostly. None of us watching are saying this is a beautifully executed day.\u003c/p>\u003c/blockquote>\n\u003cp>Well, not everyone was so glum. Some \u003ca href=\"http://storify.com/kqednews/facebook-ipo-it-s-complicated\">other reactions from around the web\u003c/a>, Storified by KQED's Ian Hill.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Also take a look at our Fill in the Blank exercise: I think Faceboo's $104 billion valuation is...\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>http://storify.com/kqednews/i-think-facebook-s-dollar-104-billion-valuation-is\u003c/p>\n\n",
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"description": "Besides creating the potential for a new crop of 20-somethings to block your driveway with their Lamborghinis, the Facebook IPO has some other significant consequences riding on it. Like revenue for the state budget, local real estate prices, and the general Bay Area economy. That may diminish whatever Schadenfreude you -- who can't afford face",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4.jpg\">\u003cimg class=\"alignright size-medium wp-image-65792\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo4-300x112.jpg\" alt=\"\" width=\"300\" height=\"112\">\u003c/a>Besides creating the potential for a new crop of 20-somethings to block your driveway with their Lamborghinis, the Facebook IPO has some other significant consequences riding on it. Like \u003ca href=\"http://ww2.kqed.org/news/2012/05/15/laos-target-price-for-facebook-45-per-share/\">revenue for the state budget\u003c/a>, \u003ca href=\"http://blog.sfgate.com/ontheblock/2012/05/18/how-will-the-facebook-ipo-affect-local-real-estate/?tsp=1\">local real estate prices\u003c/a>, and the \u003ca href=\"http://www.mercurynews.com/business/ci_19862712\">general Bay Area economy\u003c/a>.\u003c/p>\n\u003cp>That may diminish whatever \u003ca href=\"http://bostonherald.com/news/columnists/view/20120520why_i_really_like_that_facebooks_ipo_fell_flat\">Schadenfreude\u003c/a> you -- who can't afford face cream right now let alone Facebook -- may be feeling over the following headlines referring to Facebook's big debut: \u003c/p>\n\u003cul>\n\u003cli>Faceplant for Facebook (\u003ca href=\"http://www.marketwatch.com/\">MarketWatch\u003c/a>)\u003c/li>\n\u003cli>Big Volume, Little Upside (\u003ca href=\"http://www.cnbc.com/\">CNBC\u003c/a>)\u003c/li>\n\u003cli>\u003ca href=\"http://dealbook.nytimes.com/2012/05/18/facebook-opens-at-42-05-in-debut-but-falls-quickly/?hp\">Scant Gain for Facebook Shares on First Day of Trading\u003c/a> (NY Times)\u003c/li>\n\u003cli>Facebook off to faltering public start (\u003ca href=\"http://www.ft.com/home/us\">Financial Times\u003c/a>)\u003c/li>\n\u003c/ul>\n\u003cp>Those all refer to the fact that shares of the highly anticipated offering finished just about a half-percent over the opening price -- and only with the \u003ca href=\"http://www.latimes.com/business/technology/la-fi-tn-facebook-trading-20120518,0,6622700.story\">help of big buy orders from the underwriter\u003c/a>, to boot. The Big Facebook Bang was also \u003ca href=\"http://dealbook.nytimes.com/2012/05/18/facebooks-debut-marred-by-trading-glitches/?hp\">marred by trading glitches\u003c/a> on the Nasdaq exchange.\u003c/p>\n\u003cp>A couple of days ago Sam Hamadeh, CEO of IPO research firm PrivCo, handed us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons to sit out the Facebook IPO\u003c/a>. Now that the IPO has launched, Hamadeh thinks the entire thing was a bit of a fiasco. Here's an edited transcript from my interview with him after the bell...\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: So what happened today?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH, PRIVCO CEO\u003c/strong>: The first trade was expected to go at 10am ET; at 9:15 early indications of the first clearing price was $45 per share. Once that price hit the tape, a lot of new sell orders came in hoping to get that price. That gradually kept ticking the shares down, unexpectedly. So they changed the first trade to 11 a.m.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cp>Obviously this is an enormous disappointment for people in the Bay Area... I think this probably represents the closing of the IPO window for awhile...\u003c/p>\n\u003c/aside>\n\u003cp>Throughout the day it seemed like a lot of people got extremely nervous. A lot of people were expecting an easy flip, that the stock could go up 50% or maybe 100%, and once that clearly wasn't happening, it very rapidly started to approach the IPO price of $38 per share. The underwriters actually had to step in and put in what are called supporting bids.\u003c/p>\n\u003cp>It's a standard part of the agreement that if necessary, underwriters will step in with their own capital and provide liquidity in the first hours or couple of days of trading.\u003c/p>\n\u003cp>All through the last half hour of trading you saw it trading consistently at 38,38.01, and all those buy orders were coming from the underwriters. They were effectively artificially supporting the price. Without them stepping in, the stock would have clearly dropped below the IPO price in what's called on Wall street a busted IPO, a trade below the offering price.\u003c/p>\n\u003cp>It's a big disappointment for almost anybody. But I can't say we were shocked given it was so overvalued.\u003c/p>\n\u003cp>As to why this happened, one of the missteps was first raising the price range. That clearly would have left some upside for other people. They got a little too greedy. Then two days ago, increasing the total offering by 25%, adding another $4 billion dollars-plus to this offering, really left almost no one left who didn't get to buy. And without anyone left, there just wasn't the demand there to support the stock. Very stunning development for most observers. \u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: How common is it for underwriters to have to step in to support the price?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: It's not unusual to make the guarantee, but it is unusual to have to make good on it. The last major example is Zynga's IPO in December, when it went public at 10, shares immediately started plummeting and underwriters stepped in with a supporting bid at 9. It closed just above 9 per share. Still a busted IPO.\u003c/p>\n\u003cp>Clearly they had to step in today, and it augurs poorly for what will happen to the stock once that implicit guarantee goes away.\u003c/p>\n\u003cp>One thing to keep in mind, with an $18 billion float, there were 550 million shares traded today, which was bigger than the offering. That means every share traded hands 1 ½ times. The underwriting fee pool was only $190 million. So the underwriters can't risk more than they made on the deal. Their ability to keep it at $38 was very limited by just the size of it.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: What about the dive in related social media stocks like Zynga, Pandora, and LinkedIn? How do you interpret that?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: There's no question that companies had risen the last couple of weeks based on an expected Facebook IPO pop, or at least not fallen as much as they otherwise would have. I think a lot of investors got nervous once it became clear this pop wasn't coming; you saw a lot of shorting on those stocks.\u003c/p>\n\u003cp>Facebook isn't shortable; it doesn't have options that trade on it. So if you're trying to hedge, or lets' say you're an employee or an early investor and your shares are locked up for the next six months, the way to bet against Facebook would be to sell other companies as proxy investments.\u003c/p>\n\u003cp>Zynga is probably the closest proxy investment, given that some 11 to 12 percent of Facebook's revenues come from Zynga. Around 11:30 a.m., shortly after it became clear that this pop was going to not be a pop but in fact be a fizzle, massive short positions were initiated. In particular, one large hedge fund placed a massive negative bet on Zynga and it caused it to crash 14 percent in a matter of literally 60 seconds. When that happened it triggered Nasdaq rules to halt trading temporarily in any stock that falls over 10 percent in less than five mintues. That happened twice to Zynga today.\u003c/p>\n\u003cp>Clearly people wanted to get out of Facebook or at least hedge their position in it, and Zynga and some of the other social media stocks were the closest proxy investments to make bets against Facebook.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: So do you think this is the official popping of whatever bubble there was?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Obviously this is an enormous disappointment for people in the Bay Area. Even if they didn't have stock in Facebook, they at least have stakes indirectly in social media companies they were hoping would get acquired, would be able to go public in the summer or after Labor Day, and the halo effect was supposed to carry into Spotify, Branchout, Airbnb and so forth.\u003c/p>\n\u003cp>I think to us at PrivCo this probably represents the closing of the IPO window for awhile, and any company that's going to try to go public is going to have to dial back on the proportion of the IPO that represents insider sales. Facebook got pretty greedy at the end, with 57 percent of the offering going to insider selling. That's a remarkable percentage. There's only two other IPOs in the past year according to our tracking that had more than 50 percent of the IPO go to insiders.\u003c/p>\n\u003cp>Second, no more raising the price range every few days. Third, no more raising the amount of shares being offered. All those games are over. Clearly Facebook overreached. I don't think this is the headline people wanted going into tomorrow's newspaper.\u003c/p>\n\u003cp>\u003cstrong>JON BROOKS\u003c/strong>: What happens Monday?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Morgan Stanley looks horrible right now. The Nasdaq looks horrible. There are people who own IPO shares or bought this morning – they \u003ca href=\"http://www.washingtonpost.com/national/nasdaq-glitch-delays-some-investors-of-facebook-ipo-from-knowing-if-trades-were-completed/2012/05/18/gIQAFY8MZU_story.html\">haven't even received trade confirmations\u003c/a> yet. There are millions of shares traded that aren't even technically cleared yet.\u003c/p>\n\u003cp>Nasdaq did make extra efforts to do a dress rehearsal, looping in all of the regional exchanges affiliated with it. But even with that you had some major hiccups, the trades not clearing, the delay in the opening, the Zynga flash crash. Morgan Stanley's embarrassed, Nasdaq's embarrassed. I think they're going to blame Facebook. They'll say these guys wer pulled kicking and screaming into this process. Mark Zuckerberg only showed up for two of the roadshow stops and barely took questions. He didn'teven bother to put on a dress shirt.\u003c/p>\n\u003cp>It was a massive IPO, 550 million shares traded, a new record. They're going to blame Facebook management.\u003c/p>\n\u003cp>And they made big compromises. Nasdaq gave Facebook a two –digit ticker symbol -- Nasdaq stocks are typically a four digits. They agreed to put them in the Nasdaq 100 a year early. They changed the rules just for Facebook, to get the deal. Morgan Stanley took a massive cut in fees. The fees for this deal were only 1.1 percent; the average IPO fees are between 5 and 8 percent of a deal. They did this becase they were hoping new tech IPOs would come to Nasdaq, Morgan Stanley would have bragging rights, getting it done and everyone making money. That's all gone now mostly. None of us watching are saying this is a beautifully executed day.\u003c/p>\u003c/blockquote>\n\u003cp>Well, not everyone was so glum. Some \u003ca href=\"http://storify.com/kqednews/facebook-ipo-it-s-complicated\">other reactions from around the web\u003c/a>, Storified by KQED's Ian Hill.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Also take a look at our Fill in the Blank exercise: I think Faceboo's $104 billion valuation is...\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Investors Defriend Social Media Shares as Facebook IPO Fizzles",
"title": "Investors Defriend Social Media Shares as Facebook IPO Fizzles",
"headTitle": "News Fix | KQED News",
"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo3.jpg\">\u003cimg class=\"alignright size-medium wp-image-65780\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo3-300x112.jpg\" alt=\"\" width=\"228\" height=\"85\">\u003c/a>On their first day of trading, Facebook shares finished at $38.23, just about a half-percent above their opening price.\u003c/p>\n\u003cp>From AP:\u003c/p>\n\u003cblockquote>\u003cp>That means Facebook is worth about $104 billion, more than Amazon.com, McDonalds and storied Silicon Valley icons Hewlett-Packard and Cisco. But as many people looked for a big first-day pop in Facebook's share price, the single-digit increase was somewhat of a letdown.\u003c/p>\n\u003cp>``It wasn't quite as exciting as it could have been,'' said Nick Einhorn, an analyst with IPO advisory firm Renaissance Capital. ``But I don't think we should view it as a failure.''\u003c/p>\u003c/blockquote>\n\u003cp>Sam Hamadeh of PrivCo, an IPO research firm based in New York, doesn't quite see it that way. The other day he gave us \u003ca href=\"http://ww2.kqed.org/news/2012/05/16/analysis-facebook-ipo-worth-25-per-share/\">seven reasons not to buy Facebook\u003c/a>, and he thinks today's debut is a big fizzle. Here's one thing he had to say:\u003c/p>\n\u003cblockquote>\u003cp>The market was stunned that the underwriters actually had to step in with \"supporting bids\" to keep Facebook stock from falling below $38/share.\u003c/p>\u003c/blockquote>\n\u003cp>Will put up my interview with Hamadeh, after the market closed, shortly.\u003c/p>\n\u003cp>So...has the bubble popped? Tumbling badly today, these local companies:\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=LNKD&ql=0\">LinkedIn\u003c/a> - down 6 percent\u003c/li>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=yelp&ql=1\">Yelp\u003c/a> - down 12 percent\u003c/li>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=P\">Pandora\u003c/a> down 7 percent\u003c/li>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/q?s=ZNGA\">Zynga\u003c/a>- down 13 percent, trading halted twice\u003c/li>\n\u003cli>\n\u003c/ul>\n\u003cp>Hamadeh says many traders used short positions on these securities as a hedge against their Facebook shares, since Facebook stock is not shortable yet.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003ca href=\"http://www.bloomberg.com/tv/\">\u003cstrong>Live coverage from Bloomberg TV here\u003c/strong>\u003c/a>.\u003c/p>\n\u003cp> \u003c/p>\n\u003cp>More \u003ca href=\"http://www.cnbc.com/id/24494689/\">live coverage, from CNBC\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"http://www.coveritlive.com/mobile.php/option=com_mobile/task=viewaltcast/altcast_code=c2d4dd14e7\">Tweets\u003c/a> from journalists and others following today's Big Bang... Click on the play button to activate the stream...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.coveritlive.com/index2.php/option=com_altcaster/task=viewaltcast/altcast_code=c2d4dd14e7/height=550/width=470\" frameborder=\"0\" scrolling=\"no\" width=\"470px\" height=\"550px\">\u003c/iframe>\u003c/p>\n\n",
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"description": "On their first day of trading, Facebook shares finished at $38.23, just about a half-percent above their opening price. From AP: That means Facebook is worth about $104 billion, more than Amazon.com, McDonalds and storied Silicon Valley icons Hewlett-Packard and Cisco. But as many people looked for a big first-day pop in Facebook's share price,",
"title": "Investors Defriend Social Media Shares as Facebook IPO Fizzles | KQED",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/hplogo.jpg\">\u003cimg class=\"alignleft size-full wp-image-65736\" title=\"hplogo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/hplogo.jpg\" alt=\"\" width=\"224\" height=\"168\">\u003c/a>\u003ca href=\"http://www.apple.com/\">Apple\u003c/a> takes a lot of flack for the business concept \"\u003ca href=\"http://www.forbes.com/sites/kenrapoza/2012/01/31/how-much-of-the-iphone-is-made-in-china/\">Designed in California, made in China\u003c/a>.\" But even the most casual hi-tech observer will acknowledge it's an industry standard, not the exception.\u003c/p>\n\u003cp>So you may be forgiven if you heaved a heavy sigh but didn't raise an eyebrow at the news that Hewlett-Packard’s chief executive, Meg Whitman, plans to announce \u003ca href=\"http://www.businessinsider.com/source-hp-layoffs-are-going-to-be-huge-2012-5\">jobs cuts 30,000 or more jobs\u003c/a>, most of them outside China, when H.P. announces earnings for its second fiscal quarter on Wednesday.\u003c/p>\n\u003cp>The New York Times adds today that unnamed executives say HP will \u003ca href=\"http://www.nytimes.com/2012/05/18/technology/hewlett-packard-plans-job-cutbacks.html?emc=tnt&tntemail0=y&pagewanted=print\">seek layoffs and voluntary retirements\u003c/a> from across the company. The total downsizing could come out to as much as 10 percent of HP’s 324,000-person work force.\u003c/p>\n\u003cp>HP is a storied Silicon Valley pioneer, but these days many say it seems like a dinosaur compared to newbie companies making their billions on cloud computing, smartphones and tablets. PCs? Printers? \"Pshaw!\" say the critics, although it's hard to separate HP's wander in the wilderness from the \u003ca href=\"http://www.kqed.org/a/forum/R201008100900\">executive boardroom drama\u003c/a> that has clouded the company's image in recent years. There's also plenty of \u003ca href=\"http://tech.fortune.cnn.com/2012/05/08/500-hp-apotheker/\">grist\u003c/a> for students of management to study.\u003c/p>\n\u003cp>CEO Meg Whitman, \u003ca href=\"http://www.californiareport.org/archive/R201005021700/a\">erstwhile candidate for California Governor\u003c/a>, took the HP big seat promising to set the company on a growth course, and HP recently announced a series of lightweight laptops, called \u003ca href=\"http://www.pcworld.com/article/255706/why_ultrabook_laptops_arent_just_macbook_air_clones.html\">ultrabooks\u003c/a>, intended to compete against similar machines from Apple. The company also hopes to win profits with a cloud-computing data center using its newest, more energy-efficient servers.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The thing is, much of that business has already moved to Taiwan.\u003c/p>\n\n",
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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": {
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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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"google": "https://podcasts.google.com/feed/aHR0cDovL3d3dy5jb21tb253ZWFsdGhjbHViLm9yZy9hdWRpby9wb2RjYXN0L3dlZWtseS54bWw",
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},
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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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"source": "kqed",
"order": 9
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM5NTU3MzgxNjMz",
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"id": "freakonomics-radio",
"title": "Freakonomics Radio",
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"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",
"subscribe": {
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"apple": "https://itunes.apple.com/us/podcast/freakonomics-radio/id354668519",
"tuneIn": "https://tunein.com/podcasts/WNYC-Podcasts/Freakonomics-Radio-p272293/",
"rss": "https://feeds.feedburner.com/freakonomicsradio"
}
},
"fresh-air": {
"id": "fresh-air",
"title": "Fresh Air",
"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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"rss": "https://feeds.npr.org/381444908/podcast.xml"
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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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"rss": "https://feeds.npr.org/510051/podcast.xml"
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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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"officialWebsiteLink": "https://www.npr.org/series/423302056/hidden-brain",
"airtime": "SUN 7pm-8pm",
"meta": {
"site": "news",
"source": "NPR"
},
"link": "/radio/program/hidden-brain",
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"tuneIn": "https://tunein.com/podcasts/Science-Podcasts/Hidden-Brain-p787503/",
"rss": "https://feeds.npr.org/510308/podcast.xml"
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},
"how-i-built-this": {
"id": "how-i-built-this",
"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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"npr": "https://rpb3r.app.goo.gl/3zxy",
"apple": "https://itunes.apple.com/us/podcast/how-i-built-this-with-guy-raz/id1150510297?mt=2",
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"rss": "https://feeds.npr.org/510313/podcast.xml"
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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",
"imageAlt": "KQED Hyphenación",
"officialWebsiteLink": "/podcasts/hyphenacion",
"meta": {
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"order": 15
},
"link": "/podcasts/hyphenacion",
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"spotify": "https://open.spotify.com/show/2p3Fifq96nw9BPcmFdIq0o?si=39209f7b25774f38",
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"rss": "https://feeds.megaphone.fm/KQINC2275451163"
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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",
"imageAlt": "KQED The Political Mind of Jerry Brown",
"officialWebsiteLink": "/podcasts/jerrybrown",
"meta": {
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"order": 18
},
"link": "/podcasts/jerrybrown",
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"apple": "https://itunes.apple.com/us/podcast/id1492194549",
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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": {
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"source": "npr"
},
"link": "/radio/program/latino-usa",
"subscribe": {
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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": {
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"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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"rss": "https://feeds.publicradio.org/public_feeds/marketplace-pm/rss/rss"
}
},
"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": {
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"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",
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"apple": "https://podcasts.apple.com/us/podcast/mindshift-podcast/id1078765985",
"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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"stitcher": "https://www.stitcher.com/podcast/kqed/stories-teachers-share",
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}
},
"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/",
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"link": "/radio/program/morning-edition"
},
"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/On-Our-Watch-Podcast-Tile-703x703-1.jpg",
"imageAlt": "On Our Watch from NPR and KQED",
"officialWebsiteLink": "/podcasts/onourwatch",
"meta": {
"site": "news",
"source": "kqed",
"order": 11
},
"link": "/podcasts/onourwatch",
"subscribe": {
"apple": "https://podcasts.apple.com/podcast/id1567098962",
"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5ucHIub3JnLzUxMDM2MC9wb2RjYXN0LnhtbD9zYz1nb29nbGVwb2RjYXN0cw",
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"stitcher": "https://www.stitcher.com/show/on-our-watch",
"rss": "https://feeds.npr.org/510360/podcast.xml"
}
},
"on-the-media": {
"id": "on-the-media",
"title": "On The Media",
"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
"airtime": "SUN 2pm-3pm, MON 12am-1am",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/onTheMedia.png",
"officialWebsiteLink": "https://www.wnycstudios.org/shows/otm",
"meta": {
"site": "news",
"source": "wnyc"
},
"link": "/radio/program/on-the-media",
"subscribe": {
"apple": "https://itunes.apple.com/us/podcast/on-the-media/id73330715?mt=2",
"tuneIn": "https://tunein.com/radio/On-the-Media-p69/",
"rss": "http://feeds.wnyc.org/onthemedia"
}
},
"pbs-newshour": {
"id": "pbs-newshour",
"title": "PBS NewsHour",
"info": "Analysis, background reports and updates from the PBS NewsHour putting today's news in context.",
"airtime": "MON-FRI 3pm-4pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/PBS-News-Hour-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.pbs.org/newshour/",
"meta": {
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"source": "pbs"
},
"link": "/radio/program/pbs-newshour",
"subscribe": {
"apple": "https://itunes.apple.com/us/podcast/pbs-newshour-full-show/id394432287?mt=2",
"tuneIn": "https://tunein.com/radio/PBS-NewsHour---Full-Show-p425698/",
"rss": "https://www.pbs.org/newshour/feeds/rss/podcasts/show"
}
},
"perspectives": {
"id": "perspectives",
"title": "Perspectives",
"tagline": "KQED's series of daily listener commentaries since 1991",
"info": "KQED's series of daily listener commentaries since 1991.",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/01/Perspectives_Tile_Final.jpg",
"imageAlt": "KQED Perspectives",
"officialWebsiteLink": "/perspectives/",
"meta": {
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"source": "kqed",
"order": 14
},
"link": "/perspectives",
"subscribe": {
"apple": "https://podcasts.apple.com/us/podcast/id73801135",
"npr": "https://www.npr.org/podcasts/432309616/perspectives",
"rss": "https://ww2.kqed.org/perspectives/category/perspectives/feed/",
"google": "https://podcasts.google.com/feed/aHR0cHM6Ly93dzIua3FlZC5vcmcvcGVyc3BlY3RpdmVzL2NhdGVnb3J5L3BlcnNwZWN0aXZlcy9mZWVkLw"
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},
"planet-money": {
"id": "planet-money",
"title": "Planet Money",
"info": "The economy explained. Imagine you could call up a friend and say, Meet me at the bar and tell me what's going on with the economy. Now imagine that's actually a fun evening.",
"airtime": "SUN 3pm-4pm",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/planetmoney.jpg",
"officialWebsiteLink": "https://www.npr.org/sections/money/",
"meta": {
"site": "news",
"source": "npr"
},
"link": "/radio/program/planet-money",
"subscribe": {
"npr": "https://rpb3r.app.goo.gl/M4f5",
"apple": "https://itunes.apple.com/us/podcast/planet-money/id290783428?mt=2",
"tuneIn": "https://tunein.com/podcasts/Business--Economics-Podcasts/Planet-Money-p164680/",
"rss": "https://feeds.npr.org/510289/podcast.xml"
}
},
"politicalbreakdown": {
"id": "politicalbreakdown",
"title": "Political Breakdown",
"tagline": "Politics from a personal perspective",
"info": "Political Breakdown is a new series that explores the political intersection of California and the nation. Each week hosts Scott Shafer and Marisa Lagos are joined with a new special guest to unpack politics -- with personality — and offer an insider’s glimpse at how politics happens.",
"airtime": "THU 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Political-Breakdown-2024-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED Political Breakdown",
"officialWebsiteLink": "/podcasts/politicalbreakdown",
"meta": {
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"source": "kqed",
"order": 5
},
"link": "/podcasts/politicalbreakdown",
"subscribe": {
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"amazon": "https://music.amazon.com/podcasts/e0c2d153-ad36-4c8d-901d-f1da6a724824/political-breakdown",
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