New York Yankees among victims of Facebook hacker

August 3, 2012

Media_httpcdnabclocal_pianvNEW YORK (abc) — Contrary to what followers of the Yankees on Facebook read Thursday, Derek Jeter is not missing the rest of the season for a sex change operation.
The New York Yankees were among the victims of several Major League Baseball teams who had their Facebook pages hacked Thursday.
“We regret to inform our fans that Derek Jeter will miss the rest of the season with sexual-reassignment surgery,” the post read. “He promises to come back stronger than ever in 2013 as Minnie Mantlez.”
The post showed up shortly before 4 p.m. The Chicago Cubs, Chicago White Sox, San Francisco Giants, Miami Marlins, San Diego Padres, Los Angeles Angels, Atlanta Braves and Washington Nationals were also hacked.
The Cubs page read, “F— Bill Murray,” while the White Sox page touted, “Everyone knows President Obama is a die hard ChiSox Fan. Unfortunately, we’re voting for Romeny. #MuslimPresident”
“Wow, the Chick-fil-A guy sure is an a–hole,” read the Giants Facebook page, while Nationals fans were informed, “We’re going back to Montreal. SEE YA SUCKERS!!!!!!”
Facebook released a statement, reading “Recently, several Pages made unauthorized posts as a result of actions from a single rogue administrator of these Pages. Our team responded quickly and worked with our partners to eliminate the spam caused by this attack. This was an unique, isolated incident and we are always working to improve our systems to better protect our users and their data.”
The Yankees had no comment.


Quarterly Profit Falls 12.2% at Times Co. – NYTimes.com

February 2, 2012

(nytimes.com) The New York Times Company reported on Thursday that its fourth-quarter profit declined 12.2 percent as rising subscription and digital advertising revenue at its largest newspapers could not offset the continued drop-off in print advertising.Net income was $58.9 million, or 39 cents a share, compared with $67.1 million, or 44 cents a share, in the period a year earlier.
For the full year, the company reported a net loss of $39.7 million, or 27 cents a share, compared with a profit of $107.7 million, or 71 cents a share, in 2010.
Revenue for the fourth quarter declined 2.8 percent, to $643 million. For the year, revenue at the Times Company was $2.32 billion, down 2.9 percent. Operating profit fell 4.5 percent, to $106.7 million, for the quarter and dropped 75.8 percent, to $56.7 million, for the year.
The results reflected the continuing struggles of print advertising throughout the industry, as marketers and readers continue to migrate online. Across the company, advertising revenue declined 7.1 percent in the fourth quarter. Print advertising was down 7.8 percent and digital advertising declined 4.9 percent, dragged down by a 25.9 percent revenue drop-off at the company’s About.com property.
The results were brighter at the company’s News Media Group, which includes The New York Times, The Boston Globe and The International Herald Tribune. There, digital advertising was up 5.3 percent and circulation revenue was up 4.7 percent in the fourth quarter, reflecting the growth of online subscriptions at The Times.
Still, every main advertising category spent less at the company’s newspapers in the most recent quarter than they did in the period a year earlier, led by real estate classified advertising, which fell 17.3 percent.
In a continued effort to shed its peripheral assets, the Times Company also said Thursday that it had agreed to sell an additional part of its stake in Fenway Sports Group, owner of the Boston Red Sox, for $30 million, pending the approval of Major League Baseball. Last July the company sold more than half its stake to three separate buyers for $117 million.
The $39.7 million loss for 2011 includes a $161.3 million write-down largely from the company’s smaller regional newspapers in Florida, Alabama and elsewhere. The Times Company announced in December that it had agreed to sell its regional newspapers for $143 million to Halifax Media Holdings, but that sale is not reflected in the 2011 figures.
The results come as the Times Company begins its search for a chief executive to succeed Janet L. Robinson, who left the company after seven years in the post after the issue of a leadership change was raised by the company’s chairman, Arthur Sulzberger Jr. Her departure cost the company $4.5 million in a retirement and consulting agreement, or 2 cents a share. Ms. Robinson’s total exit package could reach five times that amount, according to people familiar with her severance package but unauthorized to discuss it publicly.
Last March, the company introduced its digital pay subscription service at NYTimes.com, viewed by many analysts as a risky but potentially crucial factor in the company’s financial future.
In the six months ended Sept. 30, The Times had the second-largest paid subscription Web site among newspapers behind The Wall Street Journal’s 537,469 subscribers, according to the Audit Bureau of Circulations.
“In 2011 we made significant strides in our strategy to transform and rebalance our company,” Mr. Sulzberger, now the acting chief executive, said in a statement. “Our fourth-quarter results demonstrate the continued focus on building The Times’s digital subscription base.”
The company projected high single-digit circulation revenue growth in the first quarter of 2012 driven by a 4 percent price increase on home delivery of The Times and a 50-cent increase on Monday-to-Saturday newsstand sales.
Mr. Sulzberger said the “economic environment remained challenging” but added that the company would continue to look for “new innovative approaches to expand our reach on new devices, in new markets and through social media.”
In a sign of the economic future newspapers will confront, digital advertising in 2011 accounted for a larger chunk of overall advertising revenue — about 27.7 percent compared with 26.3 percent in 2010.
The company reported that it had $280 million cash on hand at the end of the quarter and a total debt of $773.1 million.

This article has been revised to reflect the following correction:
Correction: February 2, 2012

Because of an editing error, an earlier version of this article misstated the earnings per share for 2010. It was 71 cents, not 74 cents. The article also misstated the time period for the increase in digital advertising’s share of overall advertising revenue. The figures are annual, not quarterly.  A description of the 50-cent price increase for newsstand copies of The New York Times was incorrect, based on information from the Times Company.  The price increase was for Monday through Saturday issues, not Monday through Friday. Finally, the company also referred imprecisely to the number of digital subscribers to NYTimes.com at the end of December. The number provided — 390,000 — included digital subscriptions to The International Herald Tribune, which were offered beginning in November. (That figure has been deleted from the article.) 

really… it is bad news for the right wing. What it shows is it doesn’t matter if the politburo is profitable.


[UPDATED] Red Sox Analysis FAIL! Federal Reserve Bank Analysis FAIL! Climate Change Analysis FAIL!

October 1, 2011
Israeli economy grows at double the expected rate

…better then the Red Sox…

Iron Dome intercepts rocket
fired from Gaza for first time

Opening Day Baseball in Israel:
Iron Dome goes three for four

from the Future of Capitalism!
The following was published (April 9th 2011) during the first week of the baseball season: Major League Baseball plays a long season, and the Red Sox may yet turn it around after losing seven games and winning just one in their first eight. But at the moment. it’s not looking so good for the “experts.” Sports Illustrated predicted the Red Sox would win 100 games and win the World Series. At ESPN, 33 of its 45 pundits predicted the Red Sox would win the World Series.…If it’s this hard to predict baseball, imagine how hard it is to forecast developments in other complex systems. The Federal Reserve tries to fine-tune the performance of the nation’s economy through monetary policy.
Climatologists try to forecast how warm it will be 50 or 100 years from now and what that will do to sea levels. Predictions in complex systems are hard. That doesn’t mean they should never be attempted or acted upon, just that they should be treated with the skepticism they deserve. DOUBLE CHOKE! A Mad World: by Gary Jules:


DOUBLE CHOKE! Boston Red Sox And Atlanta Braves Complete Historic Collapses

September 29, 2011

The CURSE is BACK!

(Wiz Bang) If you weren’t watching ESPN this evening you missed some serious baseball drama. The Boston Red Sox and the Atlanta Braves both managed to historically squander large September 1st wild card leads (9 and 8 1/2 games respectively), loose their final games, and then watch their dogged pursuers (Tampa Bay Rays and St. Louis Cardinals) win their final games and take the last two wild card spots. The sequence of the Red Sox blowing a 3-2 lead to the Baltimore Orioles and nearly simultaneously having the Rays cap a extra inning comeback in a game they were down 7-0 to the New York Yankees was really the best baseball has to offer in terms of drama.

Red Sox Analysis FAIL! Federal Reserve Bank Analysis FAIL! Climate Change Analysis FAIL!