Sunday, February 10, 2013

Macmillan settles e-book dispute with the Department of Justice

Macmillan has settled an antitrust lawsuit with the Department of Justice. The DOJ claimed Macmillan, along with Apple and other e-book publishers, were conspiring to raise prices.?

By Aimee Ortiz / February 8, 2013

Mary Knox Merrill/CSM staff photographer

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After almost a year of litigation, Macmillan has reached a settlement with the US Department of Justice. The DOJ was suing Macmillan for allegedly conspiring with Apple and other publishers to raise the price of e-books.

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The settlement, which still needs to be approved by a Judge in Manhattan, requires Macmillian to lift any restrictions they have on retailers discounting e-books. They will also have to report their communications with other publishers to the DOJ and are prohibited from entering new contracts that impose such restrictions until 2014. Once approved, Apple will be the only defendant left to battle against the suit.

Macmillan chief executive John Sargent posted a letter online, explaining that the settlement comes after he had received an estimate of the maximum damage.

?I cannot share the breathtaking amount with you, but it was much more than the entire equity of our company,? writes Mr. Sargent. ?We settled because the potential penalties became too high to risk even the possibility of an unfavorable outcome.?

Apple continues the case, insisting that they and the other publishers were not conspiring. Apple claims that it was instead fighting a ?monopoly? by Amazon. According to CNET, Apple says that the government has sided with Amazon. In a legal memo released in August, Apple called Amazon the ?driving force? behind the suit. Apple argued that Amazon spoke with government officials frequently throughout the investigation.

?In all, the Government met with at least fourteen Amazon employees?yet not once under oath.?The Government required that Amazon turn over a?mere 4,500 documents, a fraction of what was?required of others,? says Apple.

The DOJ released a statement today about the Macmillian settlement:

?As a result of today?s settlement, Macmillan has agreed to immediately allow retailers to lower the prices consumers pay for Macmillan?s e-books,? says Jamillia Ferris, chief of staff and counsel at the Department of Justice?s Antitrust Division, according to the official DOJ statement. ?Just as consumers are already paying lower prices for the e-book versions of many of Hachette?s, HarperCollins?, and Simon & Schuster?s new releases and best sellers, we expect the prices of many of Macmillan?s e-books will also decline.?

A New York Times article states that the reason for the settlement might be an impending merger. NYT blogger Leslie Kaufman writes, ?The publishing industry has begun to consolidate in order to respond to the threat from Amazon, and when Penguin and Random House announced last October that they would merge, it fueled speculation that more alliances would follow.?

Macmillan has not stated or given any indication that they are looking to merge with any fellow publishers.

The continued suit against Apple will culminate in a trial this coming June.?

For more tech news, follow Aimee on?Twitter,?@aimee_ortiz

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/OcppkILGzvs/Macmillan-settles-e-book-dispute-with-the-Department-of-Justice

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Chinese raucously welcome Year of the Snake

BEIJING (Reuters) - Chinese welcomed the arrival of the Year of the Snake with raucous celebrations on Saturday, setting off a cacophony of firecrackers in the streets and sending fireworks blazing into the sky to bring good fortune.

Celebrations will carry on into the early hours of Sunday, officially the first day of the Lunar New Year.

Residents of Beijing braved freezing temperatures to let off brightly colored fireworks, with clouds of smoke in the air, red wrappings from firecrackers covering streets and explosions rattling windows.

A plea by the government to set off fewer fireworks to help deal with Beijing's notorious air pollution seemed to fall on deaf ears.

"Every year we set off fireworks and this year will be no different," said Lao Guo, 45, a convenience store worker.

"People won't not set them off because of pollution. It's the custom."

Firecrackers are believed to scare off evil spirits and entice the god of wealth to people's doorsteps once New Year's Day arrives.

China's cosmopolitan business hub, Shanghai, saw similar scenes, though not everyone had reason for cheer.

"Business now is very weak. It's related to the financial crisis," said Chen Yongliang, who used to run a street stall. "The U.S. and other major countries have seen their economies slide and we've gone with them."

Maintaining a tradition of leaders visiting ordinary folk at this time of year, Communist Party chief Xi Jinping, who takes over as president in March from Hu Jintao, met subway construction workers in Beijing ahead of the week-long holiday.

"Migrant workers have been the labor force behind China's reform and opening up ... so we must look after you properly," Xi said in comments carried on state television.

"I hope the construction firm has organized some new year entertainment for you so you can have a happy holiday," added Xi, who has tried to cultivate an easy-going, man-of-the-people image since becoming party boss in November.

People born in the year of the snake, including Xi, are believed to be thoughtful and stylish yet complex characters.

Practitioners of the ancient art of feng shui say the year ahead will see financial markets slither higher as optimism grows, though the risk of disasters and territorial disputes in Asia also looms.

The lunar new year is marked by the largest annual mass migration on earth, as hundreds of millions of migrant workers pack trains, buses, aircraft and boats to spend the festival with their families.

For many Chinese people, this is their only holiday of the year.

Almost half of Beijing's population of 20 million have left the city for the holiday, according to state media.

Taboos abound over this period. Crying on New Year's Day means you will cry for the rest of the year, and washing your hair signifies washing away good luck.

Woe betide those who clean on new year's day, for you will be sweeping away good fortune in the year ahead.

(Additional reporting by Sally Huang and Beijing newsroom, and John Ruwitch in SHANGHAI; Editing by Robert Birsel)

Source: http://news.yahoo.com/chinese-snake-raucous-colorful-welcome-131312654.html

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Insight: Iran nuclear fuel move may avert mid-year crisis

LONDON/VIENNA (Reuters) - Iran appears to have resumed converting small amounts of its higher-grade enriched uranium into reactor fuel, diplomats say, a process which if expanded could buy time for negotiations between Washington and Tehran on its disputed nuclear program.

The possibility of Iran converting enriched uranium into fuel - slowing a growth in stockpiles of material that could be used to make weapons - is one of the few ways in which the nuclear dispute could avoid hitting a crisis by the summer.

Tehran could otherwise have amassed sufficient stock by June to hit a "red line" set by Israel after which it has indicated it could attack to prevent Iran acquiring enough fissile material for a nuclear weapon. Yet few expect progress in talks until after the Iranian presidential election in June - a formula for a potentially explosive clash of timetables.

Diplomats accredited to the International Atomic Energy Agency (IAEA) in Vienna told Reuters that Iran had apparently resumed converting into fuel small amounts of higher-grade enriched uranium - thereby reducing the amount potentially available for nuclear weapons - though they had few details and one told Reuters that "very, very little had been done" so far.

A fuller picture is unlikely until a new IAEA report on Iran's nuclear activity, due by late February. But the question is crucial in determining the size of its stockpiles and how close these are to Israel's red line. "We will all be doing the mathematics soon," said one diplomat.

In September, Israeli Prime Minister Benjamin Netanyahu said Israel would not let Iran acquire enough material for a bomb; enriching uranium raises the less than one percent of fissile isotope U-235 found in mined metal to higher concentrations: about 4 percent for reactor fuel, up to 90 percent for a bomb.

While scientists differ about how much uranium is needed to have the ability quickly to make a bomb, analysts say the Israeli figure is believed to be 240 kg of uranium enriched to 20 percent; at that concentration, the material is nine tenths of the way to the weapons-grade of about 90 percent, since most of the unwanted isotopes have been separated out by then.

"Israeli officials, in private, widely use the 240kg figure," said Shashank Joshi, a Research Fellow at Britain's Royal United Services Institute (RUSI). "The figure is so specific and so widely used that they must understand the implications of drawing this red line: that Iran is free to produce anything up to that amount, but that producing any more would force Israel to choose between humiliation or war."

Iran averted a potential crisis last year by converting around 100 kg of its 20-percent enriched uranium into fuel - prompting some analysts to believe it was deliberately keeping below the threshold for potential weapons-grade material set by Israel, while still advancing its nuclear technology. It is not believed to have enriched uranium beyond 20-percent.

Iran, a signatory to the Non-Proliferation Treaty, denies seeking nuclear weapons, saying its aim is electric power and some higher-grade enriched uranium for medical purposes. It says non-signatory Israel, assumed to have nuclear arms, is a threat.

Last year's fuel conversion only slowed Iran's accumulation of 20 percent enriched uranium and was stopped. As it continues to produce fresh supplies - diplomats believe it is adding 14 to 15 kg a month - stockpiles are rising quickly and they calculate Iran will hit the Israeli red line by May or June, unless it again expands fuel conversions or slows its rate of enrichment.

It is here that the complex calculations of nuclear experts and international diplomacy collide.

IRANIAN ELECTION

The Iranian nuclear program is controlled by Supreme Leader Ayatollah Ali Khamenei - who last week publicly rebuffed U.S. overtures for direct talks. While he is not facing voters himself, he is seen as unlikely to want to make any concessions until he has a firmer grip on the warring factions vying for power beneath him after the presidential election in June.

"I think, until we get a clearer sense of how that plays out, that the Iranians are going to be basically in a holding pattern," said Shannon Kile, a nuclear proliferation expert at the Stockholm International Peace Research Institute (SIPRI).

President Mahmoud Ahmadinejad said on Sunday Iran would not negotiate under pressure but would talk if others stopped "pointing the gun". At odds with Khamenei, Ahmadinejad will step down in June but appears to maneuvering to maintain influence.

At the same time, there appears to be a growing recognition among world powers that using economic sanctions to force Tehran to curb its nuclear program are unlikely to succeed without a broader political dialogue between the United States and Iran to ease acrimony dating back to the 1979 Iranian revolution.

U.S. Vice President Joe Biden repeated an offer for direct talks at a conference in Munich early this month.

Negotiations with Tehran are currently run jointly by the five permanent members of the Security Council plus Germany - known as the P5+1. These are expected to make at best limited progress in a meeting with Iran due in Kazakhstan on February 26.

"It has been obvious for years that Iran would only move on this issue in the context of a direct dialogue with the U.S.," said one former senior diplomat who has negotiated with Iran.

"Before that, it will continue to be a managed exercise in futility on the part of Iran waiting for this to happen, while mastering the technology in the process."

Taking the two together, the shifting diplomatic approach and advancing Iranian engineering, there would be a short window of time after June for any U.S.-Iran talks to produce results.

After that, the progress of Iran's technology could hit new Western red lines, including reaching a perceived "breakout" capacity, where it could move from the ability to make a weapon to actually building a bomb fast enough to avoid detection.

How then, is Israel's red line to be postponed enough to allow time for diplomacy in the second half of the year?

MUDDLING PAST DEADLINE

Iran has shown no sign of slowing down the rate at which it enriches uranium to 20 percent in a plant at Fordow, diplomats say, though, perhaps significantly, it has not so far put into operation some new machinery - two cascades of inter-connected centrifuges which could have rapidly expanded that program.

Based on data reported by the IAEA, the U.N. nuclear agency, Iran will hit Netanyahu's red line in May or June unless it converts more of its stockpiles into fuel, or slows enrichment.

An alternative scenario would be for Israel to blur the definition of its red line, given enough reassurance that its key ally the United States would be ready to stop Iran gaining nuclear weapons through diplomatic or military means.

Having lost seats in a parliamentary election last month at which many voters indicated they did not fully share his anxiety about Iran, Netanyahu may also be ready to bide his time.

With U.S. President Barack Obama due to visit Israel in March on a trip Netanyahu says will focus on Iran, Syria and the Palestinians, there are tentative signs Israel might give some space to the United States to pursue its diplomacy - though not necessarily on the issue of highly enriched uranium stockpiles.

"It is notable that, recently, there have been no new assassinations of Iranian scientists, no prominent covert action or explosions, and broad Israeli restraint on statements of military intent," said Joshi at RUSI in London, referring to a widely assumed covert campaign against Iran's nuclear program.

"They are conceding U.S. leadership on this issue - whether by choice or American design."

Former Israeli army intelligence chief Amos Yadlin said it was in Israel's interest that Washington or the P5+1 reach an agreement with Iran. Writing in a report by the Institute for National Security Studies in Tel Aviv, he said: "Such a solution is preferable to a strategy with two exclusive alternatives of ?an Iranian bomb' or ?the bombing of Iran'."

(Editing by Alastair Macdonald)

Source: http://news.yahoo.com/insight-iran-nuclear-fuel-move-may-avert-mid-162941682.html

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Saturday, February 9, 2013

Here in Vegas, video game-makers name little ... - Bowden Gaming

Here in Vegas, video game-makers name little ?Journey? as Game of the Year ? Las Vegas Review-Journal (blog) | Bowden Gaming 10 visitors online now
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Famed Delacroix painting defaced at new Louvre

PARIS (AP) ? A visitor to the Louvre's newest extension, in northern France, has been detained after scrawling an inscription in marker on the famed canvas of Eugene Delacroix "Liberty Leading the People."

The 28-year-old woman was immediately seized by a guard and another visitor, then handed over to police, according to a statement from the Louvre-Lens on Friday. It said the painting should be easily cleaned.

The Louvre-Lens opened in December in Lens, a struggling coal town with an unemployment rate nearly three times the national average.

The Delacroix work is among the artist's most famous. It shows a bare-breasted woman (Liberty) holding aloft the French flag as she urges on a crowd of revolutionaries. According to Le Figaro newspaper, the woman wrote "AE911" near the bottom of the canvas.

Source: http://news.yahoo.com/famed-delacroix-canvas-defaced-louvre-100754447.html

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HTC?s new M7 flagship phone may just be called the ?HTC One?

One lucky man's best friend is a dog named Buddy. The homeless man, who's from a remote area in Washington state, suffered a medical emergency and had no way to call for help. He did, however, have his plucky pooch. The Australian shepherd mix was found by a woman walking her dog on train tracks [...]

Source: http://news.yahoo.com/htc-m7-flagship-phone-may-just-called-htc-190202611.html

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Job Market Weakness 'Shocking' - Economists | Stuff.co.nz

The job market is "shockingly weak", according to some economists, with employment slumping 1 per cent or 23,000 in the December quarter as part-time employment crumbled.

It was the third quarterly fall in total employment and the biggest quarterly drop since early 2009. The fall in jobs hit women hardest - they accounted for 20,000 out of the 23,000 drop in official figures issued yesterday.

The New Zealand dollar initially fell half a US cent on the household labour force survey, ending the day at US83.59c, down from US84.18c the previous day.

The weak jobs report was seen as another sign that the Reserve Bank would be in no rush to raise the official cash rate, with inflation at extremely low levels.

The jobs market has effectively been stagnant for three years, with 11.5 per cent of the workforce wanting to work or work more hours in the past year.

ANZ Bank economists said that while they were sceptical about parts of the volatile jobs and unemployment report, the overall picture was a weak labour market.

"This confirms the Reserve Bank will not be raising the official cash rate for a while, despite a lively housing market and rising credit growth," ANZ said.

In yet another confusing quarterly report, the official unemployment rate improved much more than expected in the December quarter to 6.9 per cent per cent, with some 163,000 people out of work.

The unemployment rate was 7.3 per cent in the September quarter.

But the improvement was not driven by more jobs, but more people moving out of the workforce, either young people staying in school or older people retiring early, in their late 50s.

Deutsche Bank economist Darren Gibbs said at face value the quarterly figures showed a job market that was "shockingly weak" after a 6 per cent fall in part-time work.

The report showed a 50,000 fall in the self-employed in the past year, and a 6500 drop in farm workers.

The unemployment rate fell to 6.9 per cent only because of a big drop in the participation rate to the lowest levels in eight years. The participation rate was down to 67.2 per cent.

Bank of New Zealand head of research Stephen Toplis said the official figures just added confusion when the BNZ's economists were putting together "a major upgrade to our medium-term growth forecasts".

Business hiring intentions and reported jobs growth were poles apart. And the housing market was strong and that usually reflected the state of the job market, Toplis said.

WORK WOES

December quarter Unemployment : 6.9 per cent (7.3 per cent September quarter)

Employment: down 1 per cent (23,000) (down 0.4 per cent in September quarter)

Participation rate: 67.2 per cent (68.4 per cent in September quarter)

Source: Statistics NZ

- ? Fairfax NZ News

Source: http://www.stuff.co.nz/business/industries/8276288/Jobs-market-weakness-shocking

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