Saturday, December 17, 2011

UK's unemployment at highest level in 17 years (AP)

LONDON ? Austerity measures, prolonged economic weakness and a eurozone crisis have taken their toll on Britain's work force, with figures published Wednesday showing that unemployment has reached a 17-year high.

Britain's government has staked its reputation on a strategy of cutting costs and jobs in the public sector while trying to boost private sector growth. Today's unemployment data, which show that unemployment is rising and that women and young people are hardest hit, raise doubts over whether that strategy is working, and leave Prime Minister David Cameron open to criticism that he is taking away opportunities for some parts of society.

The highest level since 1994, 2.64 million people were unemployed in Britain at the end of October ? 128,000 more than in the previous quarter, according to government statistics.

Britain's unemployment rate is now 8.3 percent, up 0.4 percent on the quarter and at its highest level since 1996.

In particular, unemployment among 16 to 24 year olds has reached the highest level since records of youth employment began to be kept in 1992 with 1.03 million young people out of work.

"I've applied for hundreds and hundreds jobs and not got anything," said 17-year-old Tamika Dodd of North London. "I keep getting told I don't have experience, but they won't let me get any."

Tamika, who left college because she "wanted to earn her own money" is convinced her youth is against her in the sales assistant and receptionist jobs she has applied for. "I keep being told I don't suit the job," she said. "What does that mean? They don't even know me."

This section of society ? labeled NEETs (Not in Education, Employment or Training) ? was held widely responsible for the riots and looting across Britain in the summer and is now finding it hard to get work.

"Young people do get a very bad press at the moment, and employers are getting reluctant to take them on," said Emma Aeppli, who works for Camden Jobtrain, a north London charity that helps young people find work.

"There are also simply not as many apprenticeships and training schemes for young people as there once were, and they don't have the experience to just walk into a job," she said.

The figures open old wounds ? unemployment under Prime Minister Margaret Thatcher hit 3 million in the early 1980s and gave the Conservative party a reputation for not caring about joblessness.

Statistics show that in the third quarter of the year, 67,000 jobs were cut in the public sector, while only 5,000 private sector jobs were created. The public sector cuts also hit women hard because they are more likely than men to work in the public sector, pushing the number of women unemployed up by 45,000 to 1.1 million, the highest since 1988.

Dave Prentis, leader of the public sector union Unison, said the figures showed the government strategy is failing.

"The government continues to ignore the human cost and push ahead with its hard and fast cuts, clinging to the hope that a struggling private sector can pick up the pieces," he said. "These figures deliver a cold hard dose of reality."

Cameron was careful this time to describe the unemployment figures as "bad news and a tragedy for all those involved" and promised to help people find work.

The youth unemployment figures have allowed opposition leader Ed Miliband of the Labour Party to repeat his accusation the government is "betraying a whole generation of young people."

But Tim Leunig, an economic historian at the London School of Economics, said youth unemployment is a worldwide problem, not unique to Britain.

"People just don't want to employ people without any skills, and if you are 16 or 17 and job hunting, the chances are you are doing that with very few qualifications," he said.

Leunig pointed to data from the Organization for Economic Cooperation and Development that showed that Britain's young people are actually more likely to be employed than youths in other countries, including Germany, Sweden and France.

The organization said unemployment across the eurozone had risen to 10.3 percent in October, but there are wide variations between Spain, the hardest hit, and Germany, the best off. The U.S. had an unemployment rate of 8.6 percent.

"British unemployment is not that bad compared to other countries but it is still a tough thing to live with," Leunig said. "We had hoped we would be coming out of recession by now. In any other era we would be close to improving. We certainly wouldn't be expecting unemployment to be rising the rate it is."

The danger appears to be that the longer it takes to find work, the harder it becomes.

"When I go for a job, people ask me what I've been doing in the last few months and if I tell them I've been looking for a job I can see they don't believe me," said 16-year-old Asharani Kaur, who has been seeking work since the summer. "They ask why I don't get a job in a shop or something when that's what I'm trying to do."

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111214/ap_on_bi_ge/eu_britain_economy

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GOP candidates criticize judicial system (AP)

SIOUX CITY, Iowa ? Newt Gingrich is promoting his plan to abolish left-leaning courts, and Rick Perry wants to do away with lifetime appointments for judges.

The Republicans seeking their party's presidential nomination uniformly criticized "judicial activism" at Thursday night's debate, and they pledged to appoint conservative judges.

Michele Bachmann says that both the White House and Congress have failed to keep judges in check and that the people need to take back power.

However, Ron Paul says that Gingrich's suggestion to subpoena judges before Congress or abolish whole courts goes too far.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20111216/ap_on_el_pr/us_gop_debate_judges

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Friday, December 16, 2011

Video: RIMM Earnings Preview

Shaw Wu, Sterne Agee, explains why his earnings expectations for Research in Motion are slightly higher than the consensus.

Related Links:

Business & financial news headlines from msnbc.com

Source: http://video.msnbc.msn.com/cnbc/45688078/

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Amy Winehouse Family Open To Biopic

Dad Mitch Winehouse reversed course and said he'd consider a movie.
By Gil Kaufman


Amy Winehouse
Photo: Marc Broussely/ Redferns

Singer Amy Winehouse had a brief career full of jubilant highs and crushing lows. From Grammy wins and multiplatinum worldwide sales for her breakthrough Back to Black album and recording with Tony Bennett
 to drug arrests, struggles with substance abuse and her untimely death at age 27
 as a result of excessive alcohol intake, Winehouse's roller-coaster ride seems primed for the big screen.

After initially rejecting reports that a biopic was in the works and saying that the family would not grant the rights to the "Rehab" singer's music for such a project, a spokesperson for the Winehouses clarified on Tuesday that "[father] Mitch [Winehouse] and the family would entertain ideas perhaps for a film but only one they were sure would tell the truth," according to Entertainment Weekly.

On Monday, Mitch Winehouse told England's Daily Mail that he would not let Amy's music be used in a rumored biopic that is reportedly being shopped and produced by his daughter's boyfriend, Reg Traviss. "It would hardly be a biopic without the music and we'd never allow the songs to be released," Winehouse told the paper.

He also threw cold water on rumors that Lady Gaga could be up for the role of his late daughter. "I never said Lady Gaga will play Amy in film," he tweeted on Monday. In the meantime, Mitch is working on a memoir, "Amy, My Daughter," due out in October. Winehouse's posthumous album, Lioness: Hidden Treasures,
 debuted at #5 on the Billboard 200 charts this week on sales of nearly 114,000.

Related Videos Related Artists

Source: http://www.mtv.com/news/articles/1675953/amy-winehouse-biopic.jhtml

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Alfred Angelo to Replicate Bella Swan???s Wedding Dress (ContributorNetwork)

Can't get enough of The Twilight Saga? Do you love it so much, in fact, that you want to wear the same wedding gown as Bella Swan (played by Kristen Stewart) is in the upcoming movie Breaking Dawn - Part 1? The good news is that Alfred Angelo is already working on a replica of the wedding dress.

What Does the Dress Look Like?

Although we have seen bits and pieces of the very top of the dress, pictures revealing the whole entire gown that will be used for the Swan-Cullen wedding have not yet been released. People who have read the book series know that we should be expecting an old-fashioned appeal, however. What could be more appropriate when you're marrying a vampire who has lived longer than a century?

What we do know so far about Bella Swan's wedding dress is that it was designed by Carolina Herrera, according to E!Online. Although some have been skeptical about this choice of a designer, she is also considered a very influential designer. Herrera has done designs for Jacqueline Kennedy Onassis. She also designed both Renee Zellweger and Mariska Hargitay's wedding gowns, which were both stunning.

Celebuzz reports that the series's author, Stephenie Meyer, said [of Bella Swan's dress], "It has a vintage feel, but at the same time, there's an edge to it. It's really beautiful." Based on Meyer's description, we can expect the wedding dress to be elegant and traditional enough to complement the antique oval engagement ring that Edward gave Bella in the movie Eclipse.

When will the Alfred Angelo Replica Gown be Available?

According to E!Online, Bella Swan's wedding gown will be available in Alfred Angelo stores and other bridal retailers that carry the designer's dresses in late November 2011. The Twilight Saga: Breaking Dawn - Part 1 has a U.S. release date of November 18th. You can expect to see the replica of the dress in stores shortly after you see Bella Swan wear it on the big screen when she becomes Mrs. Cullen.

If you're a Twilight fan, you already know that this is one of the most anticipated moments of the whole entire series. For most, the dress will be as noteworthy as the royal wedding dress, which Alfred Angelo is also currently working on. Even if you're not a fan of the book or movie series, the dress still may offer some appeal if you're looking for a charming vintage wedding gown.

Keep in mind that it might not be the best option if you're looking for a unique dress, however. We can expect many brides-to-be who are fans of the series to be interested in the dress.

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/ac/20111213/en_ac/10259039_alfred_angelo_to_replicate_bella_swans_wedding_dress

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Wednesday, December 7, 2011

Olympic success: Intangible benefits worth up to $3.4 billion

Olympic success: Intangible benefits worth up to $3.4 billion [ Back to EurekAlert! ] Public release date: 6-Dec-2011
[ | E-mail | Share Share ]

Contact: Jane Hurly
jane.hurly@ualberta.ca
780-492-6821
University of Alberta - Faculty of Physical Education and Recreation

'Own the Podium' program's benefits vastly outweighed its operating costs

At the Vancouver 2010 Winter Olympic Games, when Canadians roared with delight at a medal haul that placed the country at an "all-time, all-nation Winter Olympics record of 14 gold medals," athletes did more than win goldthey fired up exuberant displays of national pride and unity across the country.

And new research involving the University of Alberta suggests Canadians are willing to pay to get them.

In fact, the research pegs the intangible benefits generated by the Canadian government's Own the Podium program at between three and five times its cost: between $215 million and $3.4 billion.

U of A economist Brad Humphreys and sport management professor Dan Mason worked with economists Bruce Johnson of Centre College, Kentucky, and John Whitehead of Appalachian State University, North Carolina, to determine Canadians' willingness to pay for Team Canada's success at the 2010 Winter Olympics. Using nationally representative surveys of Canadians, they sought to understand how people saw and valued the Own the Podium program, which supported elite athletes to the tune of $110 million in hopes of putting more Canadian athletes on the podium at the 2010 Winter Olympics than ever before.

The researchers used the contingent valuation method (CVM), commonly used by economists to measure the value of public goods, in a unique way. About 2,000 Canadians were surveyed before and after the Games about their willingness to pay extra taxes to support elite athletes and enhance medal success. No previous study has analyzed outcomes of sports mega-events using the CVM method, according to the authors.

"The heart of the survey revolved around hypothetical scenarios and questions eliciting willingness to pay for Olympic success," said Humphreys. "Before the Games, the survey asked Canadians how satisfied they were with Canada's third-place ranking at the 2006 Olympic Games. After the Games, the survey told them the Canadian government was spending $120 million to support athletes at Summer and Winter Olympicsabout $10 per householdand asked whether they supported that. Survey respondents were told that Own the Podium cost $3 of spending per annual Canadian household and were asked if they thought more money for the program would result in more medals than in 2010.

"This allowed us to estimate willingness to pay for success in the Vancouver Games and conduct a simple cost-benefit analysis of the Own the Podium program."

Next, respondents were presented with a hypothetical scenario about expanded funding of Own the Podium for the 2014 Winter Olympic Games. They were told that the extended program would be financed by an annual income tax surcharge for three years of amounts ranging from $10 to $65. They were asked whether they thought this would increase Canada's gold medal count at the Games, how many more it might result in and their level of satisfaction with such an increase.

Respondents were also asked whether they would vote in a referendum on a tax increase to support Own the Podium and how high or low they'd be prepared to go to support such a proposal.

Mason said the results show that "not only are Canadians proud of their Olympic performance, they also think it is important and that, post-Games, Canadians support Own the Podium going forward." Before the Games, 54.3 per cent of those surveyed said they would support continuing to pay additional taxes to fund Own the Podium; after the Games, that was significantly increased, to 80.9 per cent.

"Our results suggest that Canadians believed, even before the 2010 Vancouver Olympics, that the intangible benefits generated by the Own the Podium program far exceeded the costs of operating the program," Mason said. "Their experience with the 2010 Winter Olympics caused them to reassess and conclude that the benefits were even higher that they'd previously expected."

Said Humphreys: "Seeing the national team succeedclearly has the potential to generate significant intangible benefits relative to winning the rights to host a mega-event and then seeing it take place."

###

Contacts:

Brad Humphreys, professor, Department of Economics, brad.humphreys@ualberta.ca; 780-492-5143, 780-940-9182 (cell)

Dan Mason, professor, Faculty of Physical Education and Recreation; dan.mason@ualberta.ca, 778-477-4950. (home) or 250-317-2034 (cell)



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

?


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


Olympic success: Intangible benefits worth up to $3.4 billion [ Back to EurekAlert! ] Public release date: 6-Dec-2011
[ | E-mail | Share Share ]

Contact: Jane Hurly
jane.hurly@ualberta.ca
780-492-6821
University of Alberta - Faculty of Physical Education and Recreation

'Own the Podium' program's benefits vastly outweighed its operating costs

At the Vancouver 2010 Winter Olympic Games, when Canadians roared with delight at a medal haul that placed the country at an "all-time, all-nation Winter Olympics record of 14 gold medals," athletes did more than win goldthey fired up exuberant displays of national pride and unity across the country.

And new research involving the University of Alberta suggests Canadians are willing to pay to get them.

In fact, the research pegs the intangible benefits generated by the Canadian government's Own the Podium program at between three and five times its cost: between $215 million and $3.4 billion.

U of A economist Brad Humphreys and sport management professor Dan Mason worked with economists Bruce Johnson of Centre College, Kentucky, and John Whitehead of Appalachian State University, North Carolina, to determine Canadians' willingness to pay for Team Canada's success at the 2010 Winter Olympics. Using nationally representative surveys of Canadians, they sought to understand how people saw and valued the Own the Podium program, which supported elite athletes to the tune of $110 million in hopes of putting more Canadian athletes on the podium at the 2010 Winter Olympics than ever before.

The researchers used the contingent valuation method (CVM), commonly used by economists to measure the value of public goods, in a unique way. About 2,000 Canadians were surveyed before and after the Games about their willingness to pay extra taxes to support elite athletes and enhance medal success. No previous study has analyzed outcomes of sports mega-events using the CVM method, according to the authors.

"The heart of the survey revolved around hypothetical scenarios and questions eliciting willingness to pay for Olympic success," said Humphreys. "Before the Games, the survey asked Canadians how satisfied they were with Canada's third-place ranking at the 2006 Olympic Games. After the Games, the survey told them the Canadian government was spending $120 million to support athletes at Summer and Winter Olympicsabout $10 per householdand asked whether they supported that. Survey respondents were told that Own the Podium cost $3 of spending per annual Canadian household and were asked if they thought more money for the program would result in more medals than in 2010.

"This allowed us to estimate willingness to pay for success in the Vancouver Games and conduct a simple cost-benefit analysis of the Own the Podium program."

Next, respondents were presented with a hypothetical scenario about expanded funding of Own the Podium for the 2014 Winter Olympic Games. They were told that the extended program would be financed by an annual income tax surcharge for three years of amounts ranging from $10 to $65. They were asked whether they thought this would increase Canada's gold medal count at the Games, how many more it might result in and their level of satisfaction with such an increase.

Respondents were also asked whether they would vote in a referendum on a tax increase to support Own the Podium and how high or low they'd be prepared to go to support such a proposal.

Mason said the results show that "not only are Canadians proud of their Olympic performance, they also think it is important and that, post-Games, Canadians support Own the Podium going forward." Before the Games, 54.3 per cent of those surveyed said they would support continuing to pay additional taxes to fund Own the Podium; after the Games, that was significantly increased, to 80.9 per cent.

"Our results suggest that Canadians believed, even before the 2010 Vancouver Olympics, that the intangible benefits generated by the Own the Podium program far exceeded the costs of operating the program," Mason said. "Their experience with the 2010 Winter Olympics caused them to reassess and conclude that the benefits were even higher that they'd previously expected."

Said Humphreys: "Seeing the national team succeedclearly has the potential to generate significant intangible benefits relative to winning the rights to host a mega-event and then seeing it take place."

###

Contacts:

Brad Humphreys, professor, Department of Economics, brad.humphreys@ualberta.ca; 780-492-5143, 780-940-9182 (cell)

Dan Mason, professor, Faculty of Physical Education and Recreation; dan.mason@ualberta.ca, 778-477-4950. (home) or 250-317-2034 (cell)



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

?


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


Source: http://www.eurekalert.org/pub_releases/2011-12/uoa--osi120611.php

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BCS Decision Day: Alabama or Oklahoma State

BC-FBC--T25-BCS Championship,991Rematch: LSU vs. Alabama in BCS title gameAP Photo NY107, OKSO113, ALDM125Eds: With AP Photos. AP Video.By RALPH D. RUSSOAP College Football Writer

If you like sequels, the BCS has a championship game for you: Alabama-LSU II.

The Crimson Tide edged Oklahoma State in the final round of voting Sunday and will play the top-ranked Tigers in the BCS national championship game on Jan. 9 in New Orleans.

Undefeated LSU is the only team to beat Alabama this season, and the head BCS official sees a rematch as a perfectly good title game.

"Absolutely, if they're 1 and 2, and they are in all the polls released today," executive director Bill Hancock said.

Still, it's not exactly a game the public was clamoring for ? at least outside of Southeastern Conference territory. And it will do nothing to quiet critics of the Bowl Championship Series or calls for a college football playoff.

Like it or not, the system has ensured that the SEC ? home to both schools ? will run its streak of BCS championships to six in a row.

Alabama has one of those and will be making its second BCS title game appearance in the last three seasons. The Crimson Tide claims 13 national championships overall and is one of the most decorated programs in the land. It's won seven AP titles since the wire service started its poll in 1936.

LSU will be seeking its third BCS championship since 2003 at the Superdome ? the site of its first two.

Tide coach Nick Saban won that title for LSU in '03. Current Tigers coach Les Miles matched his predecessor in 2007, winning a championship with a team that lost two games.

These talented Tigers, led by dynamic defensive back Tyrann Mathieu, have rarely even trailed against a schedule that included Oregon and West Virginia.

"This team loves the big stage," Miles said.

Alabama, with its top-rated defense and Heisman Trophy contender Trent Richardson, was the only team to stay within 13 points of the Tigers this season.

The Cowboys made a late surge by beating Oklahoma 44-10 on Saturday night, and closed the gap on Alabama in the polls. But it was not enough to avoid the first title game rematch in the 14-year history of the BCS.

The Tigers (13-0) beat the Tide 9-6 in overtime on Nov. 5 in Tuscaloosa.

"This could be a totally different type of game," Saban said. "There's so many good players on both sides of the ball for both teams.

"There's so much opportunity for this game to play out completely different and have a completely different flavor than the first game."

Alabama (11-1) finished second in both the Harris and coaches' polls by a wide enough margin to overcome Oklahoma State's lead in the computer ratings.

The Cowboys (11-1), champions of the Big 12, will play in the Fiesta Bowl against Stanford from the Pac-12.

"We can't control it," Oklahoma State quarterback Brandon Weeden said. "But I know we had a heck of a year and we beat really good football teams in this conference and we're conference champions, so we did everything that we could."

The other BCS matchups are:

?Michigan vs. Virginia Tech in the Sugar Bowl;

?Clemson vs. West Virginia in the Orange Bowl;

?Oregon vs. Wisconsin in the Rose Bowl.

For the first time since the 2005 season, none of the big-money games will feature a BCS buster such as Boise State, TCU or Houston, which had a chance but lost Saturday in the Conference USA championship to Southern Mississippi. The Cougars will play Penn State, which dropped to the Ticket City Bowl in Dallas following the Jerry Sandusky sex abuse scandal that has overshadowed the Nittany Lions' season.

As the power-brokers in college football begin to plot how top-tier bowls will be set up in the future, flaws in the current system were once again being exposed this season.

Oklahoma State and Alabama, two teams with perfectly good arguments to play for a national championship, wound up fighting over one spot, with subjective voters and mysterious computer ratings ? the formulas of which are not even publicly known ? doing the choosing.

Alabama won out and Oklahoma State, with one of the most potent offenses in the country, got its first BCS appearance as a consolation prize.

"We wanted the opportunity to settle the debate that has gone all year about the offense in the Big 12 and the defense in the SEC," Oklahoma State coach Mike Gundy said on ESPN.

The Tide and Tigers played a hard-hitting defensive slog billed as the Game of the Century. And it was exciting in the way Notre Dame and Army's scoreless tie was exciting in the 1946 version of the Game of the Century.

The game was barely over when talk of rematch started, pro and con.

Oklahoma State was in position to keep it from happening. The Cowboys were undefeated and second in the BCS standings heading into a Friday night game at Iowa State, a day after Oklahoma State women's basketball coach Kurt Budke and an assistant coach were killed in a plane crash.

The Cowboys lost 37-31 in double OT to the so-so Cyclones (6-6), missing a potential game-winning field goal at the end of regulation by inches.

With no other undefeated teams left from the major conferences, Alabama returned to No. 2 and the debate grew more heated.

Ultimately, Oklahoma State couldn't overcome that one loss.

Now Saban and Miles, who have been tussling for supremacy in the SEC West on the field and the recruiting trail, will square off for the ultimate prize.

And don't dare suggest to either of them that it's for anything less.

"I think whoever wins the game should be viewed as the national champion," Saban said, echoing Miles' sentiment. "Rather than rehash the system we should do research on what would make the system better in the future."

____

AP Sports Writer Jeff Latzke in Stillwater, Okla., contributed to this report.

___

Follow Ralph D. Russo at www.Twitter.com/ralphDrussoAP

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2011-12-05-T25-BCS%20Championship/id-6fea39ffd0ff4af89dbe401e45eab0c8

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