Who Would Buy Newsweek

first_imgOne might assume that Newsweek could muster just as much interest. In fact, some parties apparently have already expressed an interest. Editor Jon Meacham told the New York Observer that he was contacted Wednesday by “two billionaires” who inquired about buying the magazine. Meacham himself said he’d consider rounding up some investors to place a bid. And then there was Henry Blodget, CEO and editor-in-chief of Business Insider, who offered only $1. (Remember OpenGate Capital’s $1 acquisition of TV Guide from Macrovision in 2008?)Jokes aside, I polled a small handful of our sources in the M&A market to pull together a list of companies/publishers that may make good suitors for Newsweek. Among them were OpenGate, Reuters, Politico, Dennis Publishing (owner of The Week), Newsmax, Tina Brown’s the Daily Beast and the Huffington Post. I fired off e-mails to reps at all but Reuters and the Daily Beast but couldn’t immediately reach any for comment.Some, of course, seem more likely than others. Upstart Politico, which is backed financially by Allbritton Communications owner Robert Allbritton, would make an interesting suitor if for no other reason than it was co-founded by Washington Post defectors John Harris and Jim VandeHei. Newsmax, which one source tells me will “very possibly” make a move for Newsweek, would be an interesting buyer because the Republican news monthly effectively could  snuff out a liberal-leaning rival. I’m sure Dennis Publishing owner Felix Dennis is still flush with cash after the sale of Maxim. But would the outspoken entrepreneur actually get involved?No doubt, it will be difficult for any potential player to justify buying Newsweek. The lag time between closing a deal and somehow making it profitable again would be long and weighed down with additional losses. A strategic buyer with deep pockets would make the most sense—a company that thinks buying Newsweek would add to the value/profitability of its own core business. That’s essentially what happened with Bloomberg and BusinessWeek. Not surprisingly, though, Bloomberg already has said it is not exploring a bid for Newsweek. Would others like Time magazine parent Time Warner or The Economist Group be willing to take the risk? I’m not so sure. After years of hefty losses, the Washington Post Company Wednesday said it had hired media and entertainment investment bankers Allen & Company to explore a sale of ailing Newsweek magazine.What does the market look like for a sale of Newsweek, a magazine that has been losing millions of dollars year-after-year? In 2009, Washington Post Co.’s magazine division, (which also included Budget Travel, until it sold in December) reported an operating loss of $29.3 million. “The losses at Newsweek in 2007 to 2009 are a matter of record,” Washington Post Co. chairman Donald E. Graham said. “Despite heroic efforts on the part of Newsweek’s management and staff, we expect it to still lose money in 2010.”Just last year, with the economic recession still rolling, several interested parties—including Joe Mansueto, ZelnickMedia and Platinum Equity— stepped forward when McGraw-Hill put BusinessWeek, a magazine that reportedly lost more than $40 million the year before, on the block. It eventually was acquired by Bloomberg LLC for only $5.9 million, after tax.last_img read more

Boeing details fixes to get 737 Max flying again

first_img Comment Now playing: Watch this: Tags 32 Photos Boeing said the fixes will “reduce the crew’s workload in non-normal flight situations and prevent erroneous data from causing MCAS activation.” Among them:MCAS will now compare inputs from two sensors, instead of just one. (The system is activated by angle-of-attack sensors near the airplane’s nose.)If the sensors disagree by 5.5 degrees or more, MCAS will not automatically activate. According to a preliminary report from the first crash in October, a faulty AOA sensor was sending incorrect information to MCAS.An indicator on the flight deck display will alert the pilots when the sensors disagree. Until now, Boeing sold a warning light alerting pilots to a fault as part of an optional package of equipment. The aircraft involved in the first crash did not have that light installed.MCAS will kick in only one time if it determines an aircraft’s nose is too high. Also, MCAS will never move the horizontal stabilizer (the flight surface on the tailplane that moves an aircraft up and down) with more force than the pilot can exert on the control column. Both crash investigations show the planes oscillated several times before crashing, indicating that the system activated several times even after pilots recovered from the dives.Flight crews will need 21 or more days of instructor-led and simulator training on the 737 Max, including interacting with MCAS, before they can fly the aircraft. Boeing and the FAA are facing charges that current 737 Max pilot training did not mention the system in order to minimize the cost and time of certifying pilots. That training is now the focus of multiple investigations including one by Congress, which opened a hearing Wednesday.Boeing didn’t give a timeline for the changes or say when the 737 Max, which remains grounded around the world, might carry passengers again. Before that can happen, the FAA and aviation safety agencies in other countries will need to certify the fixes as safe. Airlines will then need to install them and retrain crews. A 747 story: The history of the jumbo jet 1 Share your voicecenter_img Aviation Boeing “The 737 family is a safe airplane family. And the 737 Max builds on that tremendous history of safety that we’ve seen for the last 50 years,” he said. “We’re working with customers and regulators around the world to restore faith in our industry and also to reaffirm our commitment to safety.”Though the official causes of both accidents have not been determined, investigators have found clear similarities. Under scrutiny is a flight control system called MCAS (for Maneuvering Characteristics Augmentation System) that pushes the 737 Max’s nose down when it determines that it’s too high. Preliminary data from both crashes show that flight crews struggled to take control as the airplanes continually dove just after takeoff.  Eager to assure airlines and passengers that its best-selling airplane is safe, Boeing on Wednesday announced how it will update a flight control system that’s at the center of investigations into crashes in Ethiopia and Indonesia that killed 346 people.Speaking at the company’s 737 factory in Renton, Washington, Boeing executive Mike Sinnett opened the briefing by expressing sympathy for the victims of both crashes and for their families.  2:33 Tech Industry How United Airlines prepares a Boeing 777 between flightslast_img read more

Hulu teams up with Chrissy Teigen for 6month discount

first_img 2 TV and Movies Online Comments 3:15 2019 TV shows you can’t miss Top 5 streaming services for live TV 50 Photoscenter_img Tags Hulu Share your voice Now playing: Watch this: Hulu ad-supported subscriptions are half off for six months. SOPA Images Chrissy Teigen is apparently celebrating her upcoming cooking show on Hulu with a deal for new and some returning subscribers.  The celebrity posted the deal via her Instagram account on Tuesday. Hulu is offering its ad-supported subscription for $2.99 per month for six months, a 50% discount from its normal price. After six months, subscriber bills will rise to $5.99 a month. Current Hulu subscribers aren’t eligible for the discount.”I can’t wait for you guys to see what I’m working on with @hulu. You guys will love it…especially the part where I convinced them to give you all Hulu for half off for 6 months,” Teigen wrote. The accompanying picture appears to be a sponsorship contract with Hulu. Teigen has a new show coming to Hulu called Family Style, and has signed on to a two-year production deal for several new Hulu cooking shows. Hulu’s ad-free subscription costs $11.99 per month, and its Hulu + Live TV package costs $44.99 per month. The streaming service said in May it has 26.8 million paying subscribers, netting 8 million in the past year and outpacing the growth of its larger streaming competitor Netflix in 2018. last_img read more

Mahesh 26 rumours Dil Raju opts out of Mahesh BabuAnil Ravipudi project

first_imgDil Raju with Mahesh BabuTwitterProducer Dil Raju is said to have opted out of superstar Mahesh Babu’s forthcoming movie, tentatively called Mahesh 26, which is directed by Anil Ravipudi of F2 – Fun and Frustration.It is rumoured that Dil Raju wanted to produce Mahesh Babu’s landmark 25th film Maharshi. But the superstar asked him to go for revenue sharing with Ashwini Dutt and Prasad V Potluri, due to his prior commitments with them. However, the upset producer is believed to have said he had no control over the pre-release business. He also apparently had a fight with Ashwini Dutt over revenue sharing.It is said that Mahesh Babu consoled Dil Raju, saying that he would do another movie under his banner Sri Venkateswara Creations. On the other hand, the producer had signed a film with Anil Ravipudi, and Prince agreed to be part of this project after the director narrated him an interesting script. But the twist is that the actor asked him to make a joint production with Anil Sunkara.Initially, Dil Raju reportedly agreed to be part of Mahesh 26. But the latest we hear is that the producer has now opted out of this project and Anil Sunkara is ready to bankroll it single-handedly. It should be seen whether the superstar would come forward to do another movie with Sri Venkateswara Creations. Dil Raju with Mahesh BabuCollage of photos taken from Twitter and FacebookIt is said that Anil Ravipudi has given Rs 50 crore is estimated cost of the production of Mahesh 26. This amount does not include Mahesh Babu’s remuneration and he is said to be getting its non-theatrical rights as his salary. It is known that satellite, audio, digital and other non-theatrical rights of the film could fetch nothing less than Rs 50 crore, which is now going to be his payment. The theatrical rights of Mahesh Babu’s recent releases have fetched over Rs 100 crore for the producer. Mahesh 26 may fetch even more than this amount since F2 fame director Anil Ravipudi is directing it. Even if it earns Rs 100 crore, producer Anil Sunkara will get Rs 50 crore as his profit share from this project. It is 100 percent earnings for the budget that he is set to invest in this film.last_img read more

India factor missing from Bangladesh polls campaign Indian Express

first_imgThe India factor — which has been part of the pre-election rhetoric in the past — is missing from electioneering in Bangladesh, said The Indian Express on Friday.According to the Indian media outlet, in the previous polls, Bangladesh Nationalist Party (BNP), led by former prime minister Khaleda Zia, who is now in jail in a corruption case, would accuse the ruling Awami League, led by prime minister Sheikh Hasina, of being “pro-India”“It’s very interesting to see that India did not get mentioned at all by the two prominent political parties during their election campaign,” an Indian diplomat in Dhaka was quoted to have said in the report.It added that none of the leaders from either the BNP or Awami League churned up anti-India sentiments during the campaign.“I think they realised that the BNP was not benefitting by alienating India,” the diplomat was also quoted.Sabihuddin, foreign affairs advisor to Khaleda Zia, told The Indian Express that India is not a factor here this time.“We should not be bothered whether BJP or Congress is in power in Delhi. Similarly, the Indian government should not bother whether Awami League or the BNP wins the elections,” the BNP leader told the Indian media.The report says, “The BNP, which has traditionally led the charge against India in previous elections, nuanced its position, having burnt its fingers in 2014. As the BNP had boycotted the elections, Delhi did not push the Hasina-led Bangladesh government to hold re-elections — rather, it endorsed Hasina’s victory. That was a huge setback, which many within the BNP felt was a ‘blunder’”.According to The Indian Express, India worked on the Bangladesh relationship quite seriously over the last few years, suggests some of the increased interaction at the highest level.“There were 10 meetings between prime minister Narendra Modi and Sheikh Hasina, six video conferences and five telephone calls in the last five years — 19 development projects were inaugurated jointly by the two leaders, and they signed over 90 bilateral agreements in new areas like space, IT, electronics, cybersecurity, civil nuclear energy among others,” the report added.It adds that India’s development assistance to Bangladesh increased from $3 billion to $8 billion in three years. Bilateral trade has increased by 31.5 per cent from $7 billion to $9.3 billion.Ashikur Rahman, a senior economist at the Policy Research Institute of Bangladesh, told The Indian Express: “I think Sheikh Hasina has navigated the geopolitical terrain quite skilfully. And, Awami League has a win-win partnership with all international stakeholders.”last_img read more

Trump threatens to shoot migrants who throw stones

first_imgPresident Donald Trump speaks at a rally in support of US Senate candidate Josh Hawley on 1 November in Columbia, Missouri. Hawley is in a tight race with incumbent Democrat senator Claire McCaskill. Photo: AFPUS president Donald Trump on Thursday warned that soldiers deployed to the Mexican border could shoot Central American migrants who throw stones at them while attempting to cross illegally.Trump told journalists at the White House that a group of several thousand migrants walking through Mexico towards the US border had thrown rocks “viciously and violently” at Mexican police.“We’re not going to put up with that. They want to throw rocks at our military, our military fights back,” he said.“I told them (troops) consider it (a rock) a rifle. When they throw rocks like they did at the Mexican military and police, I say consider it a rifle.”Trump spoke during a presentation of his controversial policy on cracking down against what he says is uncontrolled illegal immigration.Contacted for comment, Pentagon spokesman Army Lieutenant Colonel Jamie Davis said the military would not discuss hypothetical situations on the use of force “but our forces are trained professionals who always have the inherent right of self-defence.”“I would also emphasize that our forces are in support of DHS/CBP, who are performing law enforcement activities,” he added, referring to the frontline Department of Homeland Security and Customs and Border Protection.Trump has ramped up the rhetoric daily ahead of next Tuesday’s midterm congressional elections, accusing the opposition Democrats of wanting to throw open the borders to floods of “tough people,” “rapists” and other types of threats.The current focus of the president’s repeated claim to be acting against “an invasion” is the dwindling group of a few thousand impoverished migrants trying to get north, but still far from the US border.Trump said that from now on, the United States will stop its policy of allowing people to claim political asylum at the border unless they have first gone through an official border post.Those caught at the border will be held in tent camps or other facilities until they can be deported or have their requests approved, he said.Critics say that such a radical rethink to asylum policies could violate current laws.But Trump rejected this.“This is totally legal. No, we’re stopping people at the border. This is an invasion, and nobody is even questioning that,” he said.“We’ll be doing an executive order sometime next week,” he said, giving little further detail.Despite Trump’s increasingly severe warnings of immigration chaos, the government on Wednesday issued figures saying that only about 400,000 people have been apprehended at the border in 2018, down from around 1.6 million in 2000.Trump said he was not anti-immigrant but wanted immigration to be completely brought under control.“Mass uncontrolled immigration is especially unfair to the many wonderful law-abiding immigrants already living here who followed the rules and waited their turn,” he said.“Some have been waiting for many years. Some have been waiting a long time. They have done everything perfectly, and they are going to come in.”last_img read more

Sri Lanka churches hotels bomb attacks toll rise to 138

first_imgA shoe of a victim is seen in front of the St. Anthony`s Shrine, Kochchikade church after an explosion in Colombo, Sri Lanka on 21 April 2019. Photo: ReutersEaster Day bomb blasts at three Sri Lankan churches and three luxury hotels killed 138 people and wounded more than 400, hospital and police officials said, following a lull in major attacks since the end of the civil war 10 years ago.In just one church, St. Sebastian’s in Katuwapitiya, north of Colombo, more than 50 people had been killed, a police official told Reuters, with pictures showing bodies on the ground, blood on the pews and a destroyed roof.Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.The three hotels hit were the Shangri-La Colombo, Kingsbury Hotel and Cinnamon Grand Colombo. It was unclear whether there were any casualties in the hotels.Nine foreigners were among the dead, the officials said.There were no immediate claims of responsibility for the attacks in a country which was at war for decades with Tamil separatists until 2009 during which bomb blasts in the capital were common.Prime minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.”Our people are engaged in evacuating the casualties,” a source with the bomb squad said.St. Sebastian’s church posted pictures of destruction inside the church on its Facebook page, showing blood on pews and the floor, and requested help from the public.Sri Lankan military officials stand guard in front of the St. Anthony`s Shrine, Kochchikade church after an explosion in Colombo, Sri Lanka on 21 April 2019. Photo: ReutersLast year, there were 86 verified incidents of discrimination, threats and violence against Christians, according to the National Christian Evangelical Alliance of Sri Lanka (NCEASL), which represents more than 200 churches and other Christian organisations.This year, the NCEASL recorded 26 such incidents, including one in which Buddhist monks allegedly attempted to disrupt a Sunday worship service, with the last one reported on 25 March.Sri Lankan security personnel keep watch outside the church premises following a blast at the St. Anthony`s Shrine in Kochchikade, Colombo on 21 April 2019. Photo: AFPOut of Sri Lanka’s total population of around 22 million, 70 per cent are Buddhist, 12.6 per cent Hindu, 9.7 per cent Muslim, and 7.6 per cent Christian, according to the country’s 2012 census.In its 2018 report on Sri Lanka’s human rights, the US State Department noted that some Christian groups and churches reported they had been pressured to end worship activities after authorities classified them as “unauthorised gatherings.”The report also said Buddhist monks regularly tried to close down Christian and Muslim places of worship, citing unidentified sources.last_img

Ladies First

first_imgMecca Verdell, Rebecca Dupas, Brion Layalihilmia, Shelly Washington, and Gayle Danley are the “Baltimore Queens of Poetry.” Some of the most dynamic poets in America happen to be from the Baltimore area and these five slayed a sold-out crowd of hundreds recently at the historic Arena Players playhouse.“The Baltimore Queens of Poetry” brought spoken word fire on Aug. 18 in front of a raucous crowd that hung on every word.Baltimore Queens of Poetry (AFRO Photo)“This show was stunning! The energy was electric and I am so grateful to each and every one of you who joined me (Aug. 18),”said Layalihilmia, who produced the show, via Facebook.“We were fierce and fly and I can’t wait for the next big thing in the #ladybspeaks saga.”last_img

So what are you doing this Republic Day

first_imgTo mark the 63rd Republic Day, let’s shift our priorities by trying to be responsible citizens. But R-Day in Delhi also means closed markets, traffic restrictions and more. So what do you do if you want to go out? Simple, head to the mall. Two city malls are organising cultural programmes in asscoation with Self Assessment and Management Workshop (SAM), an NGO. ‘Our volunteers will be performing dances, drama and will also be singing,’ says Geetanjali Atri, media coordinator, SAM. Also Read – ‘Playing Jojo was emotionally exhausting’There will be  a dance performance by Prince Dance Group of India’s Got Talent fame who are coming from Chattisgarh. There will be dances based on Lord Shiva, Vishnu and Indian Army. A rock band, Eternal Bliss, will present a fusion mix of their own compositions dedicated to the Indian Army. They will round up with a skit based on Subhas Chandra Bose’s journey and sacrifice which inspired the whole nation.DETAILAt: Select Citywalk, Saket; Pacific Mall, Rajouri Garden When: Today Timings: 4 pm onwardslast_img read more

KoPT to deck up Howrah Bridge with LED lights

first_imgKolkata: The Kolkata Port Trust (KoPT) will soon begin work for installing multi-coloured LED lights to light up the Rabindra Setu, popularly known as Howrah Bridge, which is celebrating its 75 years this year.”Four to five top notch companies having expertise in illumination have already made their presentation. We are trying to figure out which one will be the best among them. The LED lights will be installed keeping in mind the heritage aspect of the structure. We hope to float the tender in two to three months,” KoPT chairman Vinit Kumar said. Also Read – Rain batters Kolkata, cripples normal lifeThe KoPT is also keeping in mind the cost factor before going for the tender as the estimates for decorating the bridge given by the companies is varying between Rs 15 to 19 crore.A senior KoPT official said that they have plans to set up the lights in a manner so that the colour and theme can be changed during occasions. For example, the lighting on Independence Day will echo the colours of the country’s national flag.The KoPT has planned the illumination to be of international standard, which will be an attraction in itself like San Francisco Bridge, George Washington Bridge at Manhattan, New York and Sydney Harbour Bridge of Australia, whose lighting enthralls people from all parts of the globe. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedIt may be mentioned that in 2006, Howrah Bridge was decked up with sodium vapour lights but they soon turned dim.Howrah Bridge, which since its inception continues to evoke the same kind of curiosity and awe as it did seventy five years ago, has a suspended span over the Hooghly River.Commissioned in 1943, the bridge was originally named the New Howrah Bridge, because it replaced a pontoon bridge at the same location linking the two cities of Howrah and Kolkata (Calcutta). On June 14, 1965, it was renamed Rabindra Setu after the great Bengali poet Rabindranath Tagore, who was the first Indian and Asian Nobel laureate.It may be mentioned that the Howrah Bridge ferries more than 1.15 lakh vehicles on a daily basis from both Kolkata and Howrah. More than 5 lakh pedestrians also cross the bridge every day from both directions, easily making it the busiest cantilever bridge in the world.The third-longest cantilever bridge at the time of its construction, the Howrah Bridge is currently the sixth-longest bridge of its type in the world.last_img read more

Quest for the uncharted formless

first_imgBahaar Dhawan Rohatgi is a self-taught artist whose works are embedded with soul and passion. Prior to involving herself with art Bahaar has been working with a leading law firm for over five years. While her stint at the law firm gave her the opportunity to work on several high stake matters, painting remained in her heart and soul.Each canvas is brought to life with her use of a range of different mediums. Some of her painting series are also inspirations she had derived from life. Also Read – Add new books to your shelfNocturnal Series: This is a series of Bahaar’s artworks that revolve around the curious creature- owl. Some myths associate owls with wisdom, others with wealth- the Uluka (owl) is goddess Lakshmi’s vahana (vehicle), while some others view them as fortune tellers capable of having supernatural connections. Bahaar is intrigued by this creature for the mystery surrounding it.Inner Reflection Series: This series started when Bahaar was going through a transitional phase while exploring and garnering the courage to pursue her passion full time. She wanted to implore the visions in her mind to stay, long enough, without distraction of other impeding responsibilities. Even when her mind was seeking responses, she had no time to register any. Here the ‘Inner Reflection’ series was born- the artworks reflect the inner peace and celebration of personal space. Bahaar believes in the theory of feminism and most of her subjects revolve around women. There is immense ease in expressing emotions through a woman and this series encapsulates those experiences. Also Read – Over 2 hours screen time daily will make your kids impulsiveInterstellar Series: In this series, her quest is for the uncharted formless. The interstellar space has no dimensions or theme governing it. The endeavour has been to create a whole new experience and throw people’s mind out of gear, for them to question- What really lays behind the night sky? The beauty about abstraction is that it is not always a planned journey. Some of the recent exhibitions that Bahaar has been a part of would include Masters of Modern Art, Conversation, Triptych Parade and Pop up show. Recently Bahaar was chosen by Morjarto (a platform for artist by NDTV India) to present her artwork to actor Sonakshi Sinha.last_img read more

I dont respect convention in music religion

first_imgTalking about the unifying power of music, Sarod maestro Ustad Amjad Ali Khan recently said that he doesn’t respect convention in music or in religion and lamented the state of the 21st century world, driven by religious strife. “I don’t respect convention. It is a very unhealthy word. Even regarding religion, my father often told me all of us have a common God. In this 21st century, we are still fighting and killing each other on account of religion,” Khan said here at a literary meet. The master of strings regretted that education has failed to instil compassion and kindness in human beings. Also Read – Add new books to your shelf”How can a (person holding a degree like) PhD be radical or communal? This is the problem of the whole world, not only in India,” he pointed out. Expressing gratitude to the Almighty for the unifying power of music, Khan said, “I think the 21st century is the worst time for the world, which should have been the best time. People are afraid to travel internationally, there is a problem of security. Thank God that music has connected the world whereas language creates barriers.” Also Read – Over 2 hours screen time daily will make your kids impulsiveAccording to the Padma Vibhushan awardee, this message of common God and race should have been given by every priest but they don’t talk as ‘they are paid servants’. “At this age, I want to give my opinion and share my thoughts with the people,” he said. About presentation and breaking convention, the legend said, “Presentation is a different art. Grammar and literature are important for everybody to learn but very few musicians realise the level of poetry. Gurudev Rabindranath Tagore was an amazing combination of a poet and musician. He took liberty in every Raga and I think only a genius can do that and the rest follow the convention”. As a young boy, he said, he did not like Rabindra Sangeet but later liked it due to Suchitra Mitra, one of the finest exponents of Rabindra Sangeet.last_img read more

How to create your own R package with RStudio Tutorial

first_imgIn this tutorial, we will look at the process of creating your own R package. If you are going to create code and put it into production, it’s always a good idea to create a package with version control, examples, and other features. Plus, with RStudio, it is easy to do. So, we will use a simple example with one small function to show how easy it is. This tutorial is an excerpt taken from the book Mastering Machine Learning with R – Third Edition written by Cory Lesmeister. The book explores expert techniques for solving data analytics and covers machine learning challenges that can help you gain insights from complex projects and power up your applications. Before getting started, you will need to load two packages: > install.packages(“roxygen2”)> install.packages(“devtools”) You now want to open File in RStudio and select New Project, which will put you at this point: Select a new directory as desired, and specify R Package, as shown in the following screenshot: You will now name your package – I’ve innovatively called this one package – and select Create Project: Go to your Files tab in RStudio and you should see several files populated like this: Notice the folder called R. That is where we will put the R functions for our package. But first, click on Description and fill it out accordingly, and save it. Here is my version, which will be a function to code all missing values in a dataframe to zero: I’ve left imports and suggests blank. This is where you would load other packages, such as tidyverse or caret. Now, open up the hello.R function in the R folder, and delete all of it. The following format will work nicely: Title: Your package title of course Description: A brief description Param: The parameters for that function; the arguments Return: The values returned Examples: Provide any examples of how to use the function Export: Here, write the function you desire Here is the function for our purposes, which just turns all NAs to zero: You will now go to Build – Configure Build Tools and you should end up here: Click the checkmark for Generate documentation with Roxygen. Doing so will create this popup, which you can close and hit OK. You probably want to rename your function now from hello.R to something relevant. Now comes the moment of truth to build your package. Do this by clicking Build – Clean and Rebuild. Now you can search for your package, and it should appear: Click on it and go through the documentation: There you have it, a useless package, but think of what you can do by packaging your own or your favorite functions, and anyone who inherits your code will thank you. In this tutorial, we went through the process of creating an R package, which can help you and your team put your code into production. We created one user-defined function for our package, but your only limit is your imagination. I hope you’ve enjoyed it and can implement the methods in here, as well as other methods you learn over time. If you want to learn other concepts of Machine Learning with R, be sure to check out the book Mastering Machine Learning with R – Third Edition. Read Next How to make machine learning based recommendations using Julia [Tutorial] The rise of machine learning in the investment industry GitHub Octoverse: top machine learning packages, languages, and projects of 2018last_img read more

AMC Networks Fear the Walking Dead AMC is again i

first_imgAMC Networks’ Fear the Walking DeadAMC is again in talks to buy Starz, according to the Bloomberg wire service, citing people familiar with the matter.Discussions are underway Bloomberg said, but at an early stage. AMC runs a stable of basic cable channels including the core AMC offering, which is hot off the back of Breaking Bad, The Walking Dead and now Fear the Walking Dead.Starz is in the premium space and investing heavily in original drama including Power and the upcoming Ash vs the Evil Dead.Both companies are listed in the US. There was a small increase in AMC’s share price, which was up 2.5% in the wake of the news, while Starz registered a much bigger uptick, with its stock price up over 10% in after hours trading.AMC is pushing aggressively into international markets while Starz is largely a US operation at the moment, aside from its recently launched international OTT service.Heavyweight cable investor John Malone is Starz’ single biggest shareholder and it was previously part of his Liberty business before being spun-off. Bloomberg says the cable channel business is valued at over US$5 billion (€4.4 billion).It has been at the centre of takeover speculation for some time, with earlier reports suggesting Lionsgate and Fox has looked at the business.last_img read more

Michael Rochel TMobile Austria which purchased c

first_imgMichael RochelT-Mobile Austria, which purchased cable operator UPC Austria from Liberty Global earlier this year, has named Michael Rochel as head of marketing for residential customers, effective as of December 1.Rochel, who will report residential customers director Jan Willem Stapel, was previously head of marketing and product management in T-Mobile ‘s consumer business unit.T-Mobile Austria completed the €1.9 billion acquisition of UPC Austria in July, positioning it as a more serious competitor to incumbent operator A1 Telekom Austria in the market for converged, broadband, TV and mobile and fixed telecoms services.last_img

In This Issue Happy Birthday Chuck… Bernank

first_imgIn This Issue. * Happy Birthday Chuck… * Bernanke worried about growth in US… * Japan posts a trade surplus… * Indian rupee falls… And, Now, Today’s Pfennig For Your Thoughts! Happy Birthday Big Guy… Good day… And Happy Birthday to Chuck! Yes it is Chuck Butlers birthday today, and I know all of you Pfennig Pfanatics will join me in wishing our fearless leader a very happy birthday today!! He is spending his birthday surrounded by his family in what he considers one of the greatest places on earth, the spring training home of the Cardinals. More thoughts on Chuck at the end of today’s Pfennig, but I just wanted to make sure I started today’s Pfennig off on a positive note. The dollar is starting of the day with a positive move vs. most of the currencies, after spending most of yesterday bouncing around in a fairly narrow range. I couldn’t find anything which caused the move higher this morning, with most analysts crediting a return of ‘safe haven’ buying for the increase. Both Fed Chairman Bernanke and Treasury Secretary Geithner were in front of Congress yesterday, and Bernanke was sounding a cautious tone regarding the US economic recovery. There was also a private report released which caused further concern on China’s growth prospects and the existing home sales in the US were disappointing, so the combination of these two items along with the caution tone of Bernanke are probably what is making investors return to the dollar. The 10 year treasury would certainly support the ‘safe haven’ theory. Yields on the 10 yr US bond have are down 4.3 basis points today, and now yields 2.25%. The yield on the 10 year had moved from below 2% at the beginning of the month to a high of 2.38% at the beginning of this week, a fairly dramatic move for bonds. With bonds, yields and the price of the bond are inversely related with bond prices moving lower as the yields move up. So bonds investors were selling bonds in a big way over the first 3 weeks of March, investing the proceeds into the equity markets and currencies other than the US$. But these same investors now seem to be moving back into the bonds, causing prices to rise and yields to fall back to 2.25%. Chuck has long warned Pfennig readers that the US treasury market is a bubble waiting to be popped, and the dramatic move in bond prices earlier this month should serve as a warning for investors. Bond yields just can’t remain as low as they have been, as inflation starts to put pressure on bond prices. Existing home sales in the US dropped .9% during the month of February, compared to an impressive 5.7% increase during the month of January. Economists had estimated a increase for sales of .9%, but the revision to January’s number helped offset the unexpected loss of sales. Today we will get the usual weekly jobs numbers, which are expected to show 350k newly unemployed with continuing claims of 3,380k. We will also see an index of House prices which are expected to have risen .3% MOM in January, and the Leading Indicators which are predicted to have increased .6% during the month of February. As I mentioned earlier, Federal Reserve Chairman Ben Bernanke was in front of the House Committee on Oversight and Government Reform yesterday and sounded a more cautious tone on the prospects for the US economy. He warned the committee members that “Higher energy prices would probably slow growth, at least in the short run”. He went on to explain that rising gas prices “create at least short-term inflation pressures, and moreover, they act as a tax on household purchasing power and reduce consumption spending, and that also is a drag on the economy.” His cautionary tone matches the warnings we heard from NY Fed Head Dudley earlier this week. It seems the FOMC members are trying to make sure investors know the economic recovery is not a ‘sure thing’ and we will certainly hit some bumps on our road to recovery. Higher oil prices are creating a strong head wind which the US economic recovery is going to have to struggle against, and Bernanke and his partners on the FOMC are hoping the rising prices are just a quick gust which we can pedal through. Leaders of the European Union also continue to battle headwinds in their economic recovery. A report out this morning showed Euro-area services and manufacturing output shrank more than expected during March. The euro-area purchasing manager’s composite index fell to 48.7 from 49.3, with any reading below 50 indicating a contraction. But this data was offset a bit by an earlier report that showed German investor sentiment surged to a 21 month high. The euro also caught some love from the US financial leaders. Both Treasury Secretary Geithner and Fed Chairman Bernanke told the US congressmen that the risk from Europe’s debt crisis is fading. “In the past few months, financial stresses in Europe have lessened, which has contributed to an improved tone of financial markets around the world, including in the United States,” Bernanke said. Treasury Secretary Geithner went on to say “The European economies at the center of the crisis have made very significant progress.” But Secretary Geithner also warned that slower growth which is being predicted for the EU will have a negative impact on future growth here in the US. I haven’t written about the Japanese yen all week, but a report on Japan’s trade has finally given me a reason to visit the yen. Japan reported their first trade surplus in five months on higher than forecast exports. The news adds to growing evidence that the world’s third largest economy is finally growing again. Japan reported a trade surplus of 32.9 billion yen, a sharp reversal of a record deficit posted in January. The surplus was even more surprising to analysts who had predicted another trade deficit. Exports to the US were mostly responsible for the surplus, increasing 11.9% in February from a year earlier. Auto exports were the main driver of the increase in shipments to the US. The yen increased slightly vs. the US$ after the surprise news, but pared its gains in early US trading. The yen had been one of the best performing currencies over the past few years, but has reversed course this year dropping nearly 7.5% vs. the US$. At least some of this sell-off in the yen has been due to the re-emergence of the carry trade, where investors borrow and sell low yielding currencies to purchase higher yielding currencies to book the interest rate differential. Carry trades have a fairly close correlation to global growth, with more investors willing to invest in them when they are confident. This is part of the reason the yen has underperformed this year, as investors have sold it while investing into the higher yielding currencies of Australia and New Zealand. It will be interesting to see what will happen to the yen if the Japanese economy recovers. Perhaps these carry trade investors will need to find a different currency to borrow and sell; the euro certainly looks like a plausible alternative. A top official in India’s finance ministry predicted rates may be cut in April. Economic Affairs Secretary R. Gopalan said “If inflation remains at this level after factoring in various things, then interest rate reversals may start in April.” He went on to stress that growth is important, and current interest rate levels are hampering it. Finance officials have been hinting that they are prepared to start cutting rates ever since they left them unchanged at the last meeting on March 15th. India’s Finance Minister Pranab Mukherjee has taken steps to cut India’s trade deficit, hoping to support the Indian rupee. The main item in his plan is a doubling of the tax on imports of gold. Gold accounts for 14 percent of India’s imports, so the higher tax rate will definitely help the budget. These moves are seen as positive steps for the Indian economy, in spite of the protests from jewelers who closed their shops for five days. Investors should be encouraged by the Finance Minister’s plans to reduce the current account and budget deficits, and the currency should benefit from the rising economic fundamentals. Indian interest rates are among the highest offered, second only to those in Brazil. Higher rates have helped propel the Indian rupee to a 3.61% increase this year. The commodity currencies of Australia and New Zealand were off slightly after a report signaled Chinese manufacturing will contract for a fifth month. The report, authored by HSBC, showed a Purchasing Managers Index fell to 48.1 in March, the lowest level in four months. This indicates Chinese manufacturing is continuing to contract. The New Zealand dollar was also sold off after a report showed GDP rose .3% during the last quarter of 2011, slightly below economist’s estimates of a .6% growth. The slower growth figure dampened expectations that Reserve Bank of New Zealand Governor Alan Bollard would increase rates by September of this year. The kiwi has had a 4% increase in value vs. the US$ this year on the back of these interest rate expectations, so we could see a further pull back by the kiwi. To recap… It is Chuck’s Birthday. The dollar moved higher on ‘safe haven’ buying after Bernanke and Geithner warned that higher gas prices would have a negative impact on US growth. Existing home sales were disappointing and reports out of Europe showed manufacturing is shrinking. Japan reported a trade surplus for the first time in a while, helping to push the yen higher. India’s top finance minister is predicting rates will be cut in April, and a tax on Gold imports is set to double in April. Finally, New Zealand GDP increased less than predicted in the 4th quarter of 2011, causing some to predict rates will be stay put through 2012. Currencies today 3/22/2012. American Style: A$ $1.0378, kiwi .8086, C$ $1.0045, euro 1.3163, sterling 1.5807, Swiss $1.0919. European Style: rand 7.7197, krone 5.7892, SEK 6.7673, forint 223.21, zloty 3.1682, koruna 18.8187, RUB 29.421, yen 82.89, sing 1.2671, HKD 7.7652, INR 51.165, China 6.2994, pesos 12.8224, BRL 1.8180, Dollar Index 79.827, Oil $106.05, 10-year 2.26%, Silver $31.8775, and Gold $1,635.99. That’s it for today… Happy Birthday to Chuck! I’m sure he is probably enjoying his coffee sitting on his patio or on the beach looking out at the ocean. His family is down in Florida to celebrate with him, so I’m sure they will have a great time. We will be celebrating here with Chinese for lunch! The Blues lost a tough one, but are still leading all other NHL teams going into the end of the season. I hope everyone has a Tub Thumping Thursday, and thanks for reading the Pfennig!! Chris Gaffney, CFA Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_img read more

A coalition of state attorneys general is suing th

first_imgA coalition of state attorneys general is suing the Trump administration for weakening the federal nutrition standards for school meals that are fed to about 30 million children across the country.”Over a million children in New York — especially those in low-income communities and communities of color — depend on the meals served daily by their schools to be healthy, nutritious, and prepare them for learning,” New York Attorney General Letitia James said in a statement announcing the lawsuit. Joining James in the lawsuit are the attorneys general of California, the District of Columbia, Illinois, Minnesota, New Mexico and Vermont. As we’ve reported, last year the Trump administration gave school lunch administrators more flexibility in serving up refined grains, including white breads, biscuits and white pastas. The move weakened standards set during the Obama administration aimed at serving more nutritious and fiber-dense whole grains, which are a key part of a healthy diet. In addition, the Trump administration put the brakes on targets to reduce the amount of salt allowed in school meals. At the time, U.S. Department of Agriculture Secretary Sonny Perdue wrote: “If kids are not eating what is being served, they are not benefiting, and food is being wasted.”But public health advocates have cried foul. “The ‘flexibilities’ the administration is offering [schools] are both unnecessary and undermining,” Laura MacCleery, policy director at the Center for Science in the Public Interest, said. Her group has also filed a lawsuit in federal court in Maryland. The suit argues that the U.S. Department of Agriculture violated the National School Lunch Act. The group argues that the weakened standards put millions of children at greater risk of health problems associated with a diet that’s high in sodium and low in whole grains. “When I think about what policies are available to move the needle on the health of kids, this is the big one,” MacCleery says. “The Trump administration is blowing it.”Letitia James echoes this: “The Trump Administration has undermined key health benefits for our children — standards for salt and whole grains in school meals — with deliberate disregard for science, expert opinion, and the law,” she wrote in a statement announcing the lawsuit.The School Nutrition Association, which represents 58,000 school nutrition professionals, has pushed for and supports the changes made by the Trump administration’s final rule on school meal “flexibilities.” “SNA appreciates USDA’s efforts to preserve strong standards to benefit students while addressing long-standing challenges to ensure they choose and consume healthy school meals,” SNA President Gay Anderson said in a statement. School nutrition directors have argued that it’s tough to implement changes that may turn kids off, so they need more time to figure out how to lower sodium levels and boost whole grains. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

Kenyas Craft Silicon Unveils Interbank Money Transfer System in Uganda

first_imgCustomers in Centenary Bank will be able to transfer money to Finance trust bank ranging from UGX 500,000 to UGX 5 million. (Photo courtesy: Contador Harrison) Advertisement Kenyan fintech software development company, Craft Silicon has unveiled an inter-bank money transfer system in Uganda.PC Tech Magazine understands that the system will allow customers in Centenary Bank to transfer money to Finance trust bank in the meantime as the company seeks to extend its foot print in Uganda’s banking sector.According to Kamal Budhabhatti, the Craft Silicon Chief Executive Officer, the company is eyeing further partnerships with Housing Finance Bank, Tropical Bank and Exim Bank, among others in order to extend this service wider. – Advertisement – Craft Silicon, a financial service provider which was founded in 1998, provides customized banking to more than 250 customers in about 40 countries including India, Nigeria, US, Uganda and Kenya.It majors in providing core financial solutions including Islamic Banking, Integrated Banking and providing core Microfinance solutions. It also provides switch solutions and financial inclusions in the countries where its established.Using their Inter-bank system, Centenary Bank and Finance Trust bank will be able to transfer money in amounts ranging from UGX 500,000 to UGX 5million.Customers in Centenary Bank will be able to transfer money to Finance trust bank ranging from UGX 500,000 to UGX 5 million. (Photo courtesy: Contador Harrison)“There is need to leverage on new technology in order to promote conventional banking that is both convenient and less costly to customers. Banks at the moment need new innovations to drive the agenda and any such innovation should be utilized to ease banking,” said Budhabhatti during the launch in Kampala.The partnership comes at a time when Uganda is still struggling with issues of financial inclusion and trying to foster a cashless economy.Platforms like Mobile Money and MoKash have tried to leverage financial inclusion although the gap remains very big.Uganda at least has more than 10 million mobile money subscribers, transacting more UGX 24 trillion per month.The introduction of new financial technology such as online payments and inter-bank transfers will further improve the sector and push for a cashless economy.[related-posts]last_img read more

Is It Time to Call Tesla the Future of Made In America

first_img Next Article Ford Opinions expressed by Entrepreneur contributors are their own. –shares Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Image credit: Olivier Le Queinec / Shutterstock.com Register Now » Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. April 10, 2014 Guest Writer 3 min read Add to Queue Is It Time to Call Tesla the Future of Made In America? Not Quite. When you think car and you think America, what comes to mind?If it was Ford’s F-150 pickup truck, than you’re on the money. (I mean, check it out: pretty darn American looking). In addition to being the country’s top selling vehicle last year, the pickup truck also landed in the top spot on Cars.com’s American-Made index, which measures how “American” a car is based on factors like where the car’s parts come from, whether the car is assembled in the U.S. and if it is bought in large numbers by American consumers.But according to a recent report by Morgan Stanley, Ford F-150 better watch its tail lights. Why? Tesla is fast approaching. The report predicts that once the Elon Musk-led company opens its $6 billion battery factory, Tesla vehicles will zoom into the top spot.Related: Elon Musk Admits to ‘Conversations’ With Apple About TeslaDoes this mean the future of Made in America, as Quartz reports, lies in Musk’s hands?It all depends on how you define “Made in America.” If the motivation behind the Made in America movement is job creation — that American manufacturers need to keep and create more jobs here — then the answer is no, probably not.  At least not for a while.That’s because, despite the amount of press Tesla and Elon Musk get, it’s still a fringe player in the automotive industry.Sales of Tesla’s battery-powered vehicles, priced from about $70,000, totaled around 22,450 last year. “With 6,900 deliveries in the [fourth] quarter [Tesla’s Model S sedan] is still a niche vehicle,” Kevin Tynan, an auto analyst for Bloomberg Industries told Bloomberg. According to the company’s annual report, as of December 31, 2013, it had 2,964 full-time employees world-wide. (The percentage of those employees who work in the U.S. was not released in the report. An inquiry to Tesla was not immediately returned).Related: Can Consumers Bring Manufacturing Jobs Back to the U.S.?Meanwhile, Ford sold a total of 6.3 million vehicles last year, with 3.1 million in North America alone. The company employed 181,000 people globally, with 84,000 of those employees working in North America (while the report did not specifically list the number of American employees, a 2011 estimate put the automotive maker at employing 65,000 Americans, a number that has surely grown as the auto industry has continued to recover since the recession).Once Tesla sets up its so-called “gigafactory,” the company predicts that it will employ an additional 6,500 Americans. But that’s not slated to happen until 2020, by the company’s own estimate (Tesla has yet to narrow down the factory’s location to a single state).All of this is to say that even if Tesla eventually does manage to nab the top spot on Cars.com’s “American-Made index,” let’s not get ahead of ourselves. Larger, if admittedly less flashy, auto makers are still embodying the term “made in America” to the fullest. Which, in our estimation, rests less on the concept that their car parts are assembled in the U.S. and more on the fact that they continue to employ a whole ton of Americans.Related: Secrets of the 10 Most-Trusted Brands Laura Entislast_img read more

In Risky Move Microsoft to Open NYC Flagship Right Near Apples

first_img September 29, 2014 Add to Queue Opinions expressed by Entrepreneur contributors are their own. Guest Writer Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. –shares Next Article Locationcenter_img 2 min read Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Laura Entis A Microsoft store is coming to Fifth Avenue.While the company currently has more than 100 retail stores in North America, its Fifth Avenue location will be its first in Manhattan, the company confirmed to The Wall Street Journal.”As our first flagship store, it will serve as the centerpiece of our Microsoft Stores experience,” David Porter, corporate vice president for Microsoft retail stores, wrote in a blog post. “This is a goal we’ve had since day one—we were only waiting for the right location. And now we have it.”The location is expensive, prestigious and certainly makes a statement. It’s also just a few blocks away from Apple’s flagship New York store, where lines for new Apple product launches often run blocks deep.Related: This Tool Promises to Find the Best Location for Your BusinessFor a company often accused of being perpetually late to the game, Microsoft’s decision to open its Manhattan flagship store a few blocks away from Apple’s flagship, which opened over eight years ago, is an interesting choice.Since Microsoft opened its first retail location in 2009, the software company has been steadily ramping up the number of physical stores it operates. While a large percentage of what Microsoft sells are services, not physical items, customers can purchase products such as Surface Pro, Windows Phones, Xbox One at its retail stores, as well as visit a “help desk” (pretty much the equivalent of Apple’s “genius bar”).Still, in this respect, Microsoft is chasing Apple, which opened its first retail store in 2001 and currently has more than 250 stores in the U.S. alone.No word yet on when we can expect the Fifth Avenue location to open, but the company will launch new retail stores in Toronto, Tulsa, OK Bethesda, MD and Cerritos, CA before the year’s end.Related: Wait, What? Microsoft CEO Says Company Needs to Rediscover Its Soul. In Risky Move, Microsoft to Open NYC Flagship Right Near Apple’s Enroll Now for $5last_img read more