Section I-108 - Money Business
Finance
Legal
Wall Street Economy Scandals
Jockey Club
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20-20
tviNews
UpDates108
2011
- July
108-Related
Money Articles Speedollars:
108-
Nortel Sells Patents For
$4.5-Billion!
108-China
Owns $1.15 Trillion in U.S. Treasury
Bonds.
///
108
Top Results
-
Archives
108ig -The
Virgin Mobile Sells WiTEL to Sprint (See
110i)
108ig - Can't
decide? what's the NBS1908 WiTel
Service Marks worth?
108g - Nextwave
Sells
WiTEL Spectrums to T-Mobile For $98
Million
108g - WHO'S
READY TO BE the "Real" WiTEL®
Company
108g
- The
Funding of Future FCC
Auctions
108g - 2008
- 100th ANNIVERSARY OF THE Wireless
Telephone®
108g - "FINDING
THE TRICK PONY"
108g - The
Crash of 2008 . . . and the Bail Outs
2009
108g - 10a
- One Satisfaction Rule Payoff Game -
Q&A
108g - How
much foreclosure relief will Borrowers get
from bailout
plan?
108g - 10b
FICO The Credit Rating Agencies -
Fraudulent FICO
SCORES
108g - 10c
- Flipping Real Estate Is
Illegal.
108g -
10d
- BackDatingFraud.
Former McAfee,
Inc.
108g - MAY
6, 2009 AT&T Forced To Buy
Verizon WiTEL
$2.3-Billion.
108g - JUNE-2009
Pres Obama Demands Credit Relief -
SPEEDOLLARS
108g - May
1, 2009 - Jockey Club-MGM CityCenter Deal
Saved by Dubai
World
108g - Jockey
Club MGM Loan Default Mar
2009.
108g - Dubai
sues MGM Mirage over Jockey Club City
Center
April
2009
108g - Jockey
Club MGM, Deutshe Bank City Walk Project
2009
108g - MGM
CEO, Terry Lanni, stepped aside in Nov
2008
108g - Flipping
Houses
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20-20UpDates
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Stories
108
- AOL Buys Huffington Post-$315
Million.
108
- Money: The Trick Ponies of the
Red Flag Rules - 2007 to 2010
108
- The
Trick Pony in the world of
WiTEL®©.
108 - What's
he VALUE OF
WiTEL®©
Effects
108 - Money -
CASH
FOR FUTURE INVOICED
SECURITIES.
108
- Patent Suit Johnson &
Johnson Wins Stint
Claims
108
- Google's Larry Page and
Sergey Brin sells 5 million
shares - @
$B-5.5.
108
- The EDITOR & PUBLISHER
MAGAZINE, is
back.
108s
- U.S. helps Big FIVE
WiTEL®© Telcos
with $4.7-Billion
offer.
108g -
GovToxic-IOUs-Flipping
buy toxic Wall Street
IOUs.
108g -
US
vs Secret Swiss Accounts
revealed
108g -
Telecos
Reject Stimulus
Money.htm
108ig -The
Virgin Mobile Sells to
Sprin
108ig - What's
the NBS1908 WiTel Service
Marks Value?
108g - Nextwave
Sells
WiTEL Spectrums to T-Mobile - $98
Million
The
"Real" WiTEL®
Company
| The
Funding of Future FCC
Auctions
|
108g -
"TRICK
PONY"
|
The
Crash of
2008
|
2011-1stQuarterJanuaryFebruaryMarch
2011
- 2nd Quarter: April * May * June
-
July
108-S90
Money:
Busines Finance
Legal
108GoogleSelectsLarryPage-as
CEO
108-ChinaNowOwns
$1.15Trillion U.S.
Bonds
108
SpeedDollars, WUG4.com. Webs For
Storing USPTO
®©
NEED STORY
108
SpeedDollars, WUG4.com. Webs For
Storing USPTO
®©
Other Title
108
Speedollars.com. Wug - Web
Engines Storing of Finacial Info
®©
Other Title
108
WUG4.com. Web Engines Storing of
Intelectual Property Rights
®©
108 - AOL Buys Huffington
Post-$315
Million.
2011
- July
108-Related
Money Articles Speedollars:
108-
Nortel Sells Patents For
$4.5-Billion!
108-China
Owns $1.15 Trillion in U.S.
Treasury Bonds.
///
a
WebUsersGuild.com
Report
108-Charity Investment
Tradeout.
The book itself looks beyond
the glossy appeals.
As
tax deadline looms, ex-NPR chief
Ken Stern looks at how little
donors understand about the needs
and the operations of even the
most prominent charities 'With
Charity for All' looks beyond the
glossy appeals.
Americans just love feeling
philanthropic. In any debate over
cutting tax breaks in the income
tax system, the deduction for
charitable donations is always
held sacred -- even more than
that other sacred cow, the
mortgage deduction.
It's a rare political leader who
doesn't bow to the role played by
charitable foundations in filling
gaps left by government services
to the indigent, the sick and the
elderly, here in the United
States and around the globe. The
globe-trotting, tent-dwelling
relief worker, the doctor without
borders, the logistics expert
getting food and medicine to
camps of war refugees -- all
elicit unique reverence from us
armchair empathizers in civilized
lands.
So why, asks Ken Stern in his new
book, "With Charity for All," do
we spend so little time thinking
about the charities we give our
billions to?
Stern is a veteran of
the nonprofit world --
having spent nine years
running National Public Radio,
the nonprofit organization with
which most of us are more
familiar than any other. Thanks
to his experience and a wealth of
further research, "With Charity
for All" makes many important
points about how little we
understand about the needs and
the operations of even the most
prominent global philanthropies.
The book opens with a telling
anecdote about the American Red
Cross and its response to the
disaster of 9/11.
In brief, its response was, well,
disastrous. Material and
personnel were deployed to the
wrong places. Logistics broke
down so badly that the
organization was unable to get
supplies, volunteers, food or
cots for first responders quickly
to the Pentagon -- which was all
of 2 miles from its national
headquarters and emergency
response center.
What did work to perfection was
the --
Red
Cross' fundraising apparatus,
which collected $543 million for
its Liberty Fund to aid the
attack's victims. This was far
more than could reasonably be
spent on direct relief. Yet when
Red Cross President Bernadine
Healy decided to divert the
excess funds to fix what 9/11 had
shown was broken -- improving its
relief infrastructure,
telecommunications and logistics
management -- she provoked a
firestorm. Congressional
hearings, threats of prosecution
for fraud, the whole
instrumentality of public outrage
was deployed against the Red
Cross. Healy soon resigned.
"The widespread fury," Stern
observes, "was both predictable
and misguided." Donors large and
small don't understand that
delivering direct relief requires
investing in a sound
infrastructure, yet such
investments are often derided as
waste and featherbedding.
Stern makes a strong case that
the average American donor has
become a sucker for any charity's
glossy yarn. That's because
almost no system exists for
measuring a charity's
effectiveness on the ground; the
few efforts that have been made
to hold charities to account have
been overwhelmed by feel-good PR
and undermined by the sector's
resistance to transparency.
Stern tells this story
terrifically through the prism of
Third World water projects. Beats
there a Western heart that hasn't
been beguiled by a glossy
brochure showing a white charity
executive throwing her arms
around an African child at the
site of a village's gleaming new
water pump? Billions of dollars
have been thrown into the fight
for clean water. It's an inviting
cause, because it's cheap to
install a brand new pump. But
"drilling a well is far easier
than maintaining one," Stern
rightly observes. Once the
drilling is done and the
publicity photos snapped, the
charity organizers move on.
As a result, the proper image of
the standard Third World water
project, as an expert tells
Stern, should be one of a "woman
walking slowly past a broken hand
pump, bucket at her side or on
her head, on her way to (or from)
that scoop hole or dirty puddle
that she once hoped would never
again be part of her life.".
One
topic Stern explores is the
exploitation--
of tax exemptions by
nonprofits that don't resemble
charities by any stretch of the
imagination. Many are hospitals,
which despite their nonprofit
status behave with all the chilly
inhumanity of a profit-seeking
conglomerate -- dunning indigent
patients for inflated charges,
leaving emergency rooms to fall
to pieces while spending lavishly
on surgical facilities for
wealthy patrons of high-profile
specialties -- and, by the way,
paying their CEOs in the
millions.
Consider the New York
Stock Exchange --
which until recently was a
nonprofit enjoying a tax
exemption and which in 2003
awarded its chief executive,
Richard Grasso, a pay package of
$140 million. Three years later,
bugged to distraction by the
attentions of charities
regulators, the Big Board
reorganized itself as a
profit-making corporation. As
Stern observes, the Grasso affair
"stands for the proposition that
some organizations have no
business being nonprofits in the
first place."
Unfortunately, there's no
discussion in "With Charity for
All" of the latest outrage in
this category, the tax-exempt
"social welfare" organizations
that funneled millions of dollars
in donations into electoral
campaigns last year.
American
Crossroads, founded by GOP
--
operative Karl Rove, was the most
prominent such outfit, but there
were similar groups across the
political spectrum. Their
designation as "social welfare"
organizations under section
501(c)4 of the tax code allowed
them to keep their donor lists
confidential, but in return for
offering anonymity to well-heeled
contributors they weren't
supposed to engage in electoral
politics. It wasn't until June
last year that federal and state
regulators began taking a look at
the C4's, and obviously the
probes didn't yield results
before the election.
They
still haven't. "With Charity for
All" --
-- also falters in its most
important role: proposing
remedies. The answer to
underperforming nonprofits is to
remake the tax law and empower
aggressive regulators to
distinguish functional charities
from those that are exploiting
the exemption for a free ride.
Withdrawing the tax break and
tossing the creators of bogus
"social welfare" groups in jail
might do wonders to clean up U.S.
politics. Requiring water
charities to meet minimum
sustainability standards for
their projects might cut back
their drill-'em-and-forget-'em
habits.
But
these are minor flaws in a book
--
that marks an important
advance in educating the donor
public. Whether they're writing
occasional checks for 50 bucks or
making multimillion-dollar
bequests, donors too often give
to the wrong organizations and
for the wrong reasons. "With
Charity for All" is a good guide
to what makes an effective
charity, and how to figure out
that the one getting your money
meets that standard.
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106-s90-
CCharity Investment
Tradeout
///
108-T-MobileMetroPCSMerger
Approved by the
FCC
The
WebUsersGuild.com reported that:
The Federal Communications
Commission has approved the
merger of T-Mobile USA and
MetroPCS. (March 5th -
2013)
T-Mobile,
with 33.4 million mobile
customers, is the nation's
fourth-largest cellphone company;
MetroPCS is the fifth with 8.9
million
customers.
The
combined company will still be in
the No. 4 position behind
Verizon, AT&T and
Sprint.Under
the terms of the agreement,
MetroPCS shareholders will
receive $1.5 billion in cash and
26% ownership in the company,
which will have the T-Mobile
name. Deutsche Telekom AG, the
Germany company that owns
Bellevue, Wash.-based T-Mobile,
will receive a 74% stake.
MetroPCS is based in
Dallas.Shares
of MetroPCS fell 24 cents, or
2.3%, to $10.26 on
Tuesday.
Wug4.com
nalysts have said that the merger
would probably result in a more
bifurcated U.S. wireless
industry, with Verizon and
AT&T competing for the
post-paid customer segment, and
T-Mobile focusing on the
lower-end pre-paid
segment.
T-Mobile
Chief Executive John Legere said
, "Our combined company will have
the products, spectrum, scale and
resources to shake up this
industry and deliver an entirely
new wireless experience."
FCC Commissioner
Jessica Rosenworcel
had "expressed her concern"
to the two "SmartPhone" cariers
about potential job losses as a
result of the
merger.
"The
companies have pledged to me that
they have no plans to close any
domestic call centers, to move
them offshore, to close any
retail stores, or to reduce
retail positions as a result of
this deal," Rosenworcel said in a
statement. "They have also
assured me that they plan to
increase the overall number of
"WebUsers" they employ in the
United States."
The
deal was applauded by several
consumer groups. John Bergmayer,
senior staff attorney at Public
Knowledge, said the deal would
help "counter the power of
AT&T and Verizon."
"It
would be better if the wireless
market was not so distorted that
the loss of a competitor is a win
for competition," he said.
"Nevertheless, that is the case,
and given these facts, this
particular merger is in the
public interest."
In
2011, AT&T announced it had
agreed to buy T-Mobile USA for
$39 billion. But the deal was
called off after running into
opposition from government
agencies that said it would
create a less competitive
wireless industry and potentially
lead to higher prices for
consumers.
"With
the FCC approval, America's
mobile market continues to
strengthen, moving toward robust
a,
Europe
and revitalized competitors," FCC
Chairman Julius Genachowski said
in a
statement.
Wug4.com
said the proposed deal made in
October-2012, would create a
stronger "SmartPhone" focused on
value of the NBS-TeleKey#
franchise.
Click
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108-s90-
MT-Mobile MetroPCS Merger
Approved by the
FCC
///
108-
TVI Magazine Person of the Month,
Carlos Slim tops Forbes ranking
of billionaires 2013, followed by
Bill Gates.
Forbes 10 Top Billionairs
1.
Carlos Slim Helu (Telecoms) $73
billion
2. Bill Gates (Microsoft) $67
billion
3. Amancio Ortega (Zara) $57
billion
4. Warren Buffett (Berkshire
Hathaway) $53.5 billion
5. Larry Ellison (Oracle) $43
billion
6. Charles Koch (Various) $34
billion
7. David Koch (Various) $34
billion
8. Li Ka-shing (Various) $31
billion
9. Lilianne Bettencourt and
family (L'Oreal) $30 billion
10. Bernard Arnault (Louis
Vuitton / Bulgari) $29
billion
Forbes's 2013
list of the world's richest
people includes a record number
of 1,426 billionaires, with a
total net worth of $5.4 trillion,
up from $4.6 trillion in the
previous ranking.
There are 210
new billionaires from 42
countries, including 27 from the
United States. The average net
worth of those on full list has
risen to $3.8 billion from $3.7
billion. Sixty people have
dropped off the list and eight
have died.
Mexico's
Carlos Slim, who has taken a hit
from the slump in the share price
of his America Movil telecoms
group since the list was
calculated as of Feb. 14,
remained the richest person with
a fortune of $73 billion, and
Microsoft co-founder Bill Gates
held on to the No. 2 spot with a
net worth of $67 billion.
Spain's
Amancio Ortega, the co-founder of
the Inditex fashion group, leapt
over Warren Buffett and France's
Bernard Arnault to become the
world's third richest person on
Forbes' 2013 annual ranking of
billionaires, with an estimated
net worth of $57 billion.
Ortega's
fortune increased $19.5 billion,
the biggest gain for any of the
billionaires, from the report in
2012. He jumped two places and
bumped Buffett, chairman and
chief executive of conglomerate
Berkshire Hathaway Inc with a
fortune of $53.5 billion, out of
the top three to the No. 4 spot
for the first time since
2000.
Arnault,
of the LVMH luxury goods group,
dropped to 10th place with $29
billion.
Slim,
73, made much of his fortune in
telecommunications but also
branched out into retail,
commodities, finance and
energy.
"To see Carlos Slim again broaden
his lead and certify himself as
the richest man in the world is a
statement that wealth truly is
global and not an American
monopoly like it sometimes felt
for many decades," Lane added in
an interview.
Rising stock markets fueled in
part by monetary stimulus by the
U.S. Federal Reserve, and robust
consumer brands fortified the
fortunes of those already on the
list and drove many of the 210
new billionaires onto it.
Oracle Corp's Larry Ellison, with
a fortune of $43 billion, rounded
out the top five in the ranking
that included a record 1,426
billionaires, with an average net
worth of $3.8 billion.
Forbes' 27th annual ranking is
the biggest ever and has the
largest jump in total number of
people added in one year.
Brazilian mining, energy and
shipping magnate Eike Batista,
whose net worth fell $19.4
billion, was the biggest loser on
the 2013 list. He dropped from
No. 7 in 2012 to 100.
The total net worth of the
world's billionaires is $5.4
trillion, according to Forbes, up
from $4.6 trillion in the
previous ranking.
AMERICA,
CHINA, RUSSIA HAVE MOST
The United States led the list
with 442 billionaires, followed
by 386 from Asia and the Pacific
region, with 122 in China
alone.
Europe was close behind with 366,
including 110 in Russia. The
Americas, not including the
United States, had 129 and the
Middle East and Africa 103.
"There will be more Asian
billionaires than American
billionaires by the end of this
decade, actually by the middle of
this decade," said Lane. "That is
a statement about where global
growth is."
Americans captured five of the
top 10 spots including brothers
Charles and David Koch, owners of
Koch Industries Inc, who tied for
sixth place with $34 billion
each.
France's Liliane Bettencourt, of
the L'Oreal cosmetics empire, is
the world's richest woman, coming
in ninth with a $30 billion
fortune.
Li Ka-shing, who controls the
Hong Kong-based conglomerate
Hutchison Whampoa, is the
wealthiest man in Asia with a $31
billion fortune, putting him in
eighth place.
New York Mayor Michael Bloomberg,
the founder of financial data
firm Bloomberg LP, a competitor
of Thomson Reuters Corp , just
missed the top 10, rising to 13th
place from 20th with a net worth
of $27 billion.
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108-s90-
FORBES Billionaires List
2013
///
108-AT&T$14BillionUpgrade
The Webusers Guild.com (WUG)
reported that AT&T said it
will invest $14 billion improving
and expanding its wireless and
broadband infrastructure, over
the next three years.
The
Texas-based company said $8
billion will be used to improve
its wireless network. According
to AT&T it plans to expand
its 4G LTE high-speed Internet
wireless network to cover 300
million people by the end of
2014.
That
means an improvement over the
company's current plan, which
would expand the network to cover
250 million people by the end of
next
year.
The
latest plan, which AT&T calls
Project Velocity IP, dedicates
the remaining $6 billion to
improving the company's
fiber-optic, broadband
networks.
AT&T
will expand its high-speed
U-Verse TV, Internet and VOIP
service to 8.5 million more
customer locations by the end of
2015. AT&T said the
investment will boost U-Verse
speeds to 75 Mbps, or about three
times faster than the fastest
service currently
offered.
Julius
Genachowski, the chairman of the
Federal Communications
Commission, called AT&T's
investment plans proof that there
is a positive climate for
investment and innovation in the
country's communications
sector.
"Extending
wired and wireless broadband
across America is the 'great
infrastructure challenge of the
21st century,'" he said in a
statement. "America's 21st
century economy and our global
leadership depend on meeting this
challenge."
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108-s90-
AT&T's $14Bill Wirless &
Broadband
Upgrade
///
108-
Sales of Mobile Phones Dropped in
2012
-
for
first time since 2009, down from
1.78 billion devices sold in 2011
to 1.75 in 2012, according to
research firm Gartner.
"Tough economic conditions,
shifting consumer preferences and
intense market competition
weakened the worldwide mobile
phone market this year," the
report says.
One of the reasons for the drop
is the weakening demand for
feature phones, which possess
some smartphone abilities but are
limited. While smartphones had
record sales and were up 38.3%
for the fourth quarter of 2012,
feature phone sales fell by 19.3%
-- and that decline is expected
to continue.
Also the report predicts the
mobile sales to reach 1.9 billion
in 2013 -- with a 1 billion
coming solely from
smartphones.
2013 will be the year of the
third ecosystem, as carriers try
to break free from the influence
of Apple and Google Android while
Microsoft's Windows Phone 8,
BlackBerry 10, and others battle
it out.
"Alternative operating systems
such as Tizen, Firefox, Ubuntu
and Jolla will try and carve out
an opportunity by positioning
themselves as profitable
alternatives," the report
says.
Click
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108-s90-
Mobile PhoneSale Declined
2012
///
108-
Comcast's GE
Buyout
The purchase will end GE's
ownership of NBC, which dates
back more than 25 years --
and will position Comcast as the
nation's most valuable media
company.
Comcast is
buying out General Electric's
shares of NBCUniversal for about
$16.7 billion -- taking full
control of the New York media
company.
The purchase comes two years
after the Philadelphia cable TV
operator acquired 51 percent
interest in the media company,
leaving GE with a 49% stake.
Comcast had an option to buy more
of GE's interest beginning in
July 2014.
Comcast also will acquire the
Manhattan headquarters of
NBCUniversal at the legendary 30
Rockefeller Plaza as well as the
CNBC headquarters in Englewood
Cliffs, N.J., for about $1.4
billion.
"Our decision to acquire GE's
ownership is driven by our sense
of optimism for the future
prospects of NBCUniversal and our
desire to capture future value
that we hope to create for our
shareholders," Comcast CEO Brian
Roberts said in a statement.
The acquisition will be funded
with $11.4 billion in cash on
hand, largely generated by
NBCUniversal's cash flow,
proceeds from the sale of its
stake in A&E networks and
Comcast's sale of wireless
spectrum. The company is also
using $4 billion in senior
unsecured notes and the company
will borrow an additional $2
billion.
The company's market
capitalization is currently about
$105 billion, and when the deal
closes the NBCUniversal
entertainment assets and net
income will be fully consolidated
onto Comcast's balance sheet.
"The whole company is healthy and
interest rates are at historic
lows. We do not have to stress
the balance sheet to complete
this transaction," Roberts said.
"We think this is an attractive
opportunity for our
shareholders."
Fifty years ago Ralph Roberts,
father of Comcast CEO Brian
Roberts, made his original
purchase of American Cable
Systems, a 1,200-subscriber cable
TV operator in Tupelo, Miss., for
$500,000.
Comcast's acquisition timing of
NBCUniversal looks to be a smart
move. In the last two years,
media companies' shares have
soared: Walt Disney Co. now is
valued at $99.2 billion, News
Corp. is worth $65.9 billion and
Time Warner Inc. is worth $49
billion. (In 2004, Comcast
pursued a $54-billion hostile
takeover bid for Disney but was
rebuffed by Disney
shareholders.)
The same
year GE
also engineered the buyout of
Vivendi Universal, which
dramatically strengthened the
media company by diversifying its
revenue base by adding the
Universal film studio, theme
parks and the hugely profitable
USA and Syfy TV networks.
The
deal is expected to close by the
end of March, and will put an end
to GE's at times, controversial
ownership of NBC. After acquiring
the company in 1986, GE was
criticized for trying to instill
corporate efficiency models that
worked well in building aircraft
engines and windmills but did not
apply well to the hit-and-miss
nature of the TV and movie
business.
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108-s90-
Comcast Buys Out
GE
///
108-WiTELSolarEnergyFinancing
Muni-Fed Energy engages in
renewable energy development
(Solar, Wind, Waste to Energy)
energy efficiency integration,
consulting and financing. It
serves federal, municipal and
commercial clients and delivers
effective technologies and
services to address energy
supply, energy demand,
infrastructure and financing
solutions.
For MORE- GoDirectTo:
munifedenergy.com
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108-s90-
WiTELSolarEnergyFinancing
///
108- KCET announces merger with
satellite network Link
TV
KCET is in plans to merge with
Link to form KCETLink, "a
powerful new independent public
transmedia company that acquires,
produces and distributes
provocative global programming
targeted to a national audience
across multiple media platforms."
according to a news release.
KCETLink will be available in 33
million U.S. homes through
DirecTV and Dish Network; that's
not including the 5.6 million
households that KCET already
reaches in Southern
California.
San Francisco-based Link TV
started in 1999 and offers
subscribers programming from a
global perspective. Its agenda
includes the Danish political
drama "Borgen," and news and
documentary programming.
Some of Link's programming will
air on KCET in upcoming months,
however "Doc Martin" and "So Cal
Connected" will remain in place
at KCET.
Al Jerome, KCET's chief
executive, is to run the new
entity, with Link's president,
Paul S. Mason, becoming chief
strategy officer. The combined
company will be headquartered at
the Pointe high-rise in the
Burbank, where KCET already has
offices and studio space.
Financial terms were not
disclosed.
"With our combined resources, we
are taking a bold step forward to
become architects of a new
sustainable model for the
industry to keep public media
thriving as a vital resource in
the digital age," Jerome said in
a statement.
KCET, formerly the Los Angeles
area's PBS crown jewel has
struggled with fundraising and
declining viewership since it
left the PBS network at the end
of 2010. The station saw a
41-percent drop in contribution
and grant funding in 2011. The
merger with Link offers the
station opportunities to develop
new programming that will catch
on with viewer audiences
nationwide.
Click
For More tviStory
108-s90-
KCET
Satellite Link
TVMerger
///
108-
James Murdoch to Run News Corp's
Fox
TV
Rupert
Murdoch's second son, James
Murdoch is reportedly being lined
up to run News Corp's Fox TV
business in the US, despite being
sharply criticised by British
broadcasting regulator Ofcom. The
role would put him in charge of
the Fox Networks Group, which
includes the Fox terrestrial TV
network as well as cable channels
such as FX and National
Geographic.
Ofcom
declared BSkyB "fit and proper"
to own broadcast licences, but
the regulator was highly critical
of James Murdoch's handling of
the phone-hacking scandal.
It found that Murdoch's conduct
in relation to News Group
Newspapers "repeatedly fell short
of the conduct to be expected of
a chief executive and chairman"
and that his lack of action in
relation to phone hacking was
"difficult to comprehend and
ill-judged".
If Murdoch ascends to the new
role, there would be a new
reporting structure at News Corp
with Peter Rice, the Los
Angeles-based head of News Corp's
lucrative Fox Networks, reporting
directly to him.
Rice was promoted to this role in
July of this year and Murdoch had
hoped his father would rubber
stamp the deal then.
The move gave Rice control of all
programming of the Fox Networks
Group, including Fox Sports, Fox
International and National
Geographic channels. However, Fox
News, run by Roger Ailes, remains
a separate business.
In London, the phone-hacking
scandal and its fallout will
continue to cast a shadow over
News International for some time.
Lord Justice Leveson's final
report on the future of press
regulation is still to come,
there are several hundred more
civil damages cases to settle
next year, and the Metropolitan
police investigations into
alleged criminality at the
publisher and any resulting
prosecutions could continue for
up to three more years.
In all, 21 journalists at the Sun
have now been arrested.
Click
For More tviStory
108-s90-
JamesMurdochToRunNewscorp'sFoxTV
///
108- Warren Buffet $600 Million
Dollars Birthday Present To His
Family
OMAHA, Neb. -- Warren
Buffett is celebrating his 82nd
birthday on August 30th, by
giving each of his three children
a big present: about $600 million
worth of his company's stock for
their charitable foundations.
Buffett announced the gifts in a
letter made public Thursday,
saying he is rewarding his
children for the way they've run
their foundations.
The new contributions, added to
previous gifts, mean they'll each
receive about $2.1 billion in
stock over time. In 2006, Buffett
promised to give roughly $1.5
billion of Class B Berkshire
Hathaway stock to each of the
foundations his children run as
part of a plan give the bulk of
his fortune to charity.
The biggest share of Buffett's
$44.7 billion fortune will go to
the Bill & Melinda Gates
Foundation. Another sizable gift
will go to the Susan Thompson
Buffett foundation that Buffett
created with his first wife. He
did not change those pledges on
Thursday.
Buffett said he decided to
increase the amount his children
will receive because of the
progress they've made.
Quote- " I'm very pleased about
how all three of them have
handled the contributions in the
last six years," Buffett told The
Associated Press.
Buffett said he is feeling fine
and this decision was not
prompted by any concern about his
health. Berkshire Hathaway's
chairman and CEO has been
undergoing radiation treatment
for prostate cancer this summer,
but he has said his doctors do
not believe the disease is
life-threatening.
Each of Buffett's three children
all chose a different focus for
their foundations, based on their
own interests.
Howard Buffett, 57, is helping
farmers in impoverished nations
produce more to help end world
hunger. Susie Buffett, 59, is
strengthening early childhood
education and looking for ways to
reduce teen pregnancy. Peter
Buffett, 54, wants to empower
women and girls worldwide through
education, collaboration and
economic development to end
violence against women.
Quote- " They've done
everything I've hoped for and
more with the original gifts,"
Buffett said.
As part of his giving plan,
Buffett has always said that all
of his Berkshire stock -- which
today includes 350,000 Class A
shares and 3,770,934 Class B
shares -- will eventually go to
charity.The pledges to the
five foundations that Buffett
outlined in 2006 accounted for
about 85 percent of his stock.
Buffett said that increasing the
amount each of his three children
will receive now means that about
90 percent of his stock is spoken
for.Buffett has also been
making smaller gifts of Berkshire
stock to mostly unnamed
charitable foundations. He said
those would continue.
Quote- " As the years go
by, I will commit more and more
to get to that 100 percent,"
Buffett said.
In his will, Buffett has
specified that any shares he
hasn't already pledged to charity
at the time of his death will go
to his Susan Thompson Buffett
Foundation. And he has requested
that all proceeds from his giving
be spent within 10 years after
his estate is closed.
Buffett has been giving each of
the five foundations 5 percent of
his total pledge annually since
2006
The gradual manner Buffett is
giving his stock away makes it
more difficult to say how much
the gifts are worth because
Berkshire's stock price changes.
The $2.1 billion estimate is
based on current stock
prices.
Buffett said he estimates that
his kids will wind up with
roughly double the amount to give
away because the change he
made.
Buffett said he's still never
been tempted to give up his day
job and become a full-time
philanthropist. Instead, he's
trusting others to distribute his
wealth.
Quote- " They're doing a
better job than I could, and I've
got plenty to do running
Berkshire," he said.
Buffett's Berkshire Hathaway is
an Omaha-based conglomerate with
more than 80 subsidiaries,
including insurance,
manufacturing, railroad, utility,
furniture and restaurant firms.
It also holds major investments
in companies such as Wells Fargo
& Co., Coca-Cola Co.,
Washington Post Co. and IBM.
Its holdings also include the
Omaha World-Herald newspaper,
which first published Buffett's
letter outlining the latest gifts
to his children's
foundation.
Click
For More tviStory
108-s90-
Warren Buffet
600MillBDPresentToEachOf
HisKids
///
108-
NewsCorp Split - Wirless Vs.
Print
News
Corp. Chairman Rupert Murdoch
details plans to split
company
News
Corp.'s board of directors voted
late night, June 27, 2012, in
favor of a proposal that would
separate the media conglomerate's
publishing assets from the rest
of its entertainment
holdings.
Publishing
has become a handicap for News
Corp., in the wake of a
devastating investigation into
the phone hacking scandal in
London.
In a teleconference in the
morning of June 28, News
Corp. Chairman Rupert
Murdoch outlined plans to split
the the media conglomerate's
publishing and entertainment
operations into two publicly
traded companies, a decision he
hailed as "the next
transformative phase" in his
empire's history.
"The
decision by
the board of directors,
culminated three
years of planning," Murdoch said.
Separating the film and
television assets from its news
and book publishing groups would
unlock the value of each for
shareholders, and allow these
disparate businesses to continue
to grow.
The breakup of the company
represents a historic move for
founder Rupert Murdoch, who built
the global media powerhouse from
a single newspaper in Australia.
In past years, Murdoch has firmly
opposed any plans that would
separate the publishing group
from the rest of the media
company.
He said the difficult choice to
sever the company's news and book
publishing businesses from its
film and television operations
culminates three years of
planning. The restructuring,
which he hailed as a
transformational milestone for
News Corp., is intended to unlock
value for shareholders, who are
attracted to the company's
lucrative entertainment
assets.
During the teleconference,
Murdoch said, "We've come a long
way in our journey that began
almost 60 years ago with a single
newspaper operating out of
Adelaide. I'm convinced that each
of these new companies will have
the potential to continue their
journey and prosper long as
independent entities into the
future."
Under the plan, the media and
entertainment company would
consist of 20th Century Fox film
studio, the Fox broadcast
network, and the company's cable
TV group, including Fox News and
FX. The online television service
Hulu (partly owned by News Corp.)
would also be included, as well
as the company's home satellite
operations.
The global publishing company
would comprise News Corp.'s
newspaper holdings, among them
the Wall Street Journal, New York
Post, the Sun in Britain, as
would its HarperCollins book
publishing assets.
News Corp. founder, Murdoch (81),
presented a spirited defense of
News Corp's newspaper business,
known to be a longtime passion of
his.
He said "the standalone
publishing company would have a
strong balance sheet and be free
to pursue investments to grow the
business." "The opportunity is so
big its single-minded pursuit is
the best approach. Our aim is
nothing less than this: to create
the most ambitious,
well-capitalized and highly
motivated news and publishing
company in the world."
Completing the separation could
take up to a year, and would
require final board and
shareholder approval.
Murdoch would serve as chairman
and chief executive of the media
and entertainment company, and as
chairman of the new publishing
entity. News Corp. COO, Chase
Carey would continue in that
capacity for the entertainment
business.
Investors have reacted positively
to news of News Corp.'s
reorganization, driving up the
company's stock 11% since initial
reports June 26.
Wall Street for years has asked
for News Corp. to shed its
newspaper holdings.
CLICK
FOR MORE Rupert
Murdoch
Click
For More tviStory
108-s90-
NewscorpSplitMurdoch
///
SmartBriefs
108-s90 Money - Mergers -
Finance
108-
Nortel Sells Patents For
$4.5-Billion To
Competitors.
.
108-
Nortel Sells Patents &
Service Marks For $4.5-Billion To
Competitors.
+ A
consortium of Six Major U.S.
Firms was a neccesary protocol in
order to acquire the Canadian
firm's Nortel patents
package.
.
The
Portfolio of over 6,000 were
included in the package deal. The
total package will have what has
been described as a "nuclear
weapon" to use against rivals
around the globe.
.
"With a
description like that," says Troy
Cory-Stubblefield, CEO of NBS
Wireless
Telephone®© . .
. it's a 'Smart Wonder As To Why'
. . . the NBS100.com
organization shouldn't do the
same thing with its own goods,
products, and service;
'999,9999 WiTEL phone
numbers ®©
Service Marks,' and its 2010
Patent pending system.
The Stubbyte.com
Facilitators
.
The "NBS
Stubbyte System" -- is an
anti-theft theft prevention tool
. . . that will parlay itself
into a user friendly guide for
the prevention of the theft of
intellectually property
rights.
.
Who Will
Be the "TRUE OWNER" of the goods;
products; services, and
individual names, once owned by
Nortel, and just sold to the
Apple Group for $4.5-Billion,
.
With this
in mind," says Mark Anderson, CEO
of the Pacific Sunrise Int'l Org,
(pacificsunrise.org)."What
Will It Take To Purchase the
all important NBS WiTEL
Service Mark ®© .
. . the serial number package
that controls NBS Wireless
Telephone®©
devices?
Well . . . I Telephone
NorTEL --
for the answer about the
Auction.. The first Question
was?.
.
Who was
the auctioneer mentioned in their
Press Release, and the second
was: Was the $4.5 Billion amount
paid for Nortel's 6,000 Service
Marks®© . . . paid
for in cash payment?
.
According
to the woman that answered the
Nortel's call, the auction was
conducted by the same attorneys
that represented a few of the
fortunate companies that where
invited to participate in the
North America -- Nortel private
auction they refer to as the --
"Stocking Horse Bidding
Affair."
Apple
Microsoft
Research
In Motion,
Sony
EMC
and
Ericsson.
- "The Buyers"
It was
Apple, Microsoft and four others
who finally team-up to buy Nortel
patents for $4.5 billion
.
Nortel
Networks Corp.'s highly coveted
mobile tech patents have a new
owner and it isn't Google,"
reported Stubblefield.
.
The six
companies teamed up to buy the
Nortel patents as a group,
together spending $4.5 billion
for a cluster of more than 6,000
patents and patent applications
that many consider crucial to the
future of mobile computing
technologies.
.
The
patents cover wireless
technologies used in phones and
tablet computers, wireless 4G
data transfer, data networking,
optical technologies, voice,
Internet, service provider,
semiconductors and other highly
sought-after patents.
.
The sale
of the patents is a coup for the
six-company consortium over
Google, which is known for having
a weaker patent portfolio than
many of its competitors that has
left its mobile operating system
Android, the world's most popular
smartphone operating system,
vulnerable to lawsuits. And the
lawsuits have come for Google,
some still ongoing such as Oracle
seeking billions of dollars in a
dispute over Android.
.
Google
made a $900-million bid for the
patents that was a starting point
in the multi-day auction, which
began on Monday. Information on
how many other bids were made,
and by whom, was not
released.
.
"Following
a very robust auction, NORTEL was
pleased at the outcome of the
auction of this extensive patent
portfolio", said George Riedel,
Nortel's chief strategy officer
and president of business units,
in a statement. COMING NEXT
WEEK -- The Bidding War
Patents
ServiceMarks®©
What Are They Worth
NorTEL Auction headed by Ernst
& Young Law and Accounting
firm..
.
"The size
and dollar value for this
transaction is unprecedented, as
was the significant interest in
the portfolio among major
companies around the world."
CLICK
MORE ABOUT 108- Nortel Patents
DEAL
.
CLICK
FOR MORE CLICK MORE ABOUT 108-
Nortel Patents DEAL t 108-S90
tviNews
/ Click
For NorTEL
Offices
Click For More SmartBriefs
108-s90 Money - Mergers -
Finance
///
108-Related
Money Articles Speedollars: +
Click
For: NBS100.com
What Are Stubbytes? - The
Stubbyte 187+ Formula ®
The WiTEL®©
Logo Means - The Wireless
Telephone ®©
Organization - Since
1907
.
Protect the theft of your Goods,
Products, Services ID with WTQCA
Red Flags
Rules.
.
(WiFi187.com
= 187,000 mph per second - the
speed of Ligh and RF
Spectrums)
.
RF-300.com
- The Wireless Telephone
Organization
.
(RF-300.com
= 300Ghz or 300 Billion RF
Spectrums)
.
TVInews
WiFi 187, the WiFiMist-
RFiD organization The
wireless way to connect the
Internet with one or more
computers anywhere in your home,
office or cafe -- is called WiFi
Hotspots. It is also known as
802.11 networking and wireless
networking. The chief advantage
of a WiFi187 system over ethernet
connections is: THERE ARE NO
WIRES and the VATS-data Spectrums
travel 187,000 mph per second,
the speed of light..
Click
for More -
http://smart90.com/witelglobal.com/
www.stubbyte.com
/
Click For: www.NBS100.com
/ www.wirelesstelephone.org/
SmartBriefs
108-s90 Money - Mergers -
Finance
///
108
- AOL Buys Huffington Post-$315
Million.
8th Wk -
FEBRURAY 2011. AOL -- Chief
Executive Tim Armstrong announced
in early February, (2011), that
it had purchased the OnLine
magazine/news paper --
http://www.huffingtonpost.com/
for
$315-million.
AOL, in purchasing the 5-year-old
news and politics website
HuffingtonPost.com, a founded,
and developed by Arianna
Huffington, plans to reinvent
itself as a must-read source for
online news, gossip and
opinion.
AOL, the first Internet
organization to jump into the
Hollywood scene by the purchase
of Warner Bros. stock, and the
company that introduced the
massive dial-up business, is
planing to reverse its mis-
fortunes.
AOL Chief Executive Tim Armstrong
has given some AOL investors a
future into the world of Google,
Facebook," say tviMagazine -
Smart90.com editor, Josie Cory.
The latest deal could help AOL
pull off a turnaround.
Critics of the deal said AOL was
taking a risky gamble by agreeing
to a price that was more than 30
times the Huffington Post's
annual operating cash flow of $10
million. Typically buyers pay 10
to 15 times the cash flow, said
Clayton Moran, an analyst at
Benchmark Co.
"The Price-Tag was quite high,"
say some experts.
AOL expects the Huffington Post's
cash flow to be closer to $30
million by 2012 -- a figure that
would put the sale price more in
line with industry norms.
Armstrong, a former Google Inc.
executive, is hoping AOL's
extensive advertising sales force
can help the Huffington Post
attract more ad dollars.
Armstrong was charge of the U.S.
ad business for Google.
The Huffington Post is the latest
addition to AOL's portfolio of
dozens of websites, including the
recently acquired technology news
blog TechCrunch, the tech blog
Engadget, the Moviefone movie
listing site and the local news
effort Patch. AOL is also
affiliated with the gossip site
TMZ.
CLICK
FOR MORE
STORY Q08-s90
STORY
///
108iii-TrickPoniesOfWiTEL
108 - Money: The Trick
Ponies
of the Red Flag Rules - 2007 to
2010 /
NBS100's FTC STUDY - The
Trick Ponies of the Red Flag
Rules - 2007 to 2010 "ID Theft
Prevention" - for the Goods,
Products & Services Provided
by the Wireless
Telephone®©
Industry" Since -1902.
CLICK FOR MORE "TRICK PONIES TO
SKIRT AROUND - Service Marks
®©
///
108 - Money -
The
VALUE OF WiTEL®©
Defined: As the name implies, the
Wireless
Telephone®©
derives its
value from the elements, effects
of its Service Marks, and other
assets, i.e. foreign exchange
rates, telephone number prices,
and those monthly fees, and draft
securities created on unpaid
outstanding accounts.
108 - Money -
CASH
FOR FUTURE INVOICED
SECURITIES.
Although the derivatives produced
by the 1907 NBS Wireless
Telephone®© can be
incredibly complex, the basic
premise was simple: One party
agrees to pay another party
"money" for the use of NBS
Wireless
Telephone®©
numbers -- if a certain
prediction about the future NBS
WiTEL®© was backed
by a governmental regulatory
agency.
A hog farmer, for instance, can
try to partially offset, or hedge
against, a future drop in hog
bellies prices by buying a
derivative AIG policy that pays
off if the price falls. Virgin
Airlines can buy jet fuel at a
set price in the future to offset
a possible increase in oil
prices.
///
/// 108 MONEY - TODAY END
108g-
Extras:
RELATED ARTICLES
108-Patent
Suit Johnson & Johnson Wins
Stint
Claims
February
2, 2010 / LITIGATION
$1.73-billion settlement in stent
suits.
Johnson
& Johnson said Boston
Scientific Corp. would pay $1.73
billion to settle two suits
related to patents for medical
stents.
Natick,
Mass.-based Boston Scientific
faces additional court challenges
to its Promus stent products,
including a lawsuit by Cordis
Corp
Stents
are mesh-wire tubes used to hold
arteries open after they are
surgically cleared of blockages.
<108-
<108s-
108g - US
vs Secret Swiss Bank
Accounts
108g -
GovToxic-IOUs-Flipping.htm
108g
- TelecRejectStimulusMoney.htm
108brin&PageToSellGooglestock
.
Google
Inc. co-founders Larry Page and
Sergey Brin plan to sell 5
million shares apiece of their
company stock, worth $5.5 billion
combined at current
prices.
According to regulatory
documents, Page and Brin will
still own 47.7 million shares or
48% of the voting power, combined
after their personal stock sales.
Google Chief Executive Eric
Schmidt controls nearly 10%
voting power. The trio will still
continue to control the
company.
The sales will occur periodically
during the next five years and
leave the two with 48% of the
voting power among stockholders,
down from roughly 59% now. A
tviNews blog report - January 23,
2010.
108Editor&PublisherRevived.
/ EDITOR & PUBLISHER
MAGAZINE, The one hundred year
old publishing company is back in
business
again.
EDITOR & PUBLISHER MAGAZINE,
founded in 1901 and merged in
1907 with The Journalist, a
weekly founded in 1884 is back in
business again, "seamlessly" . .
. says Josie Cory, publisher of
tviNews. Long the bible of the
U.S. newspaper industry, the
publication has been revived"
under a new publisher just two
weeks after Nielsen Co. shut the
venerable trade magazine
down.
Duncan McIntosh Co., an Irvine,
CA-based company that ironically
publishes FishRap News, and
titles such as Boating World, has
acquired it for undisclosed
terms.
Nielsen originally pulled the
plug after selling much of its
trade magazine division,
including titles such as Adweek,
Billboard and The Hollywood
Reporter, to e5 Global Media.
We're going to continue to be the
main information source, the main
idea source for the newspaper
industry," said Mark Fitzgerald,
who was named Editor &
Publisher 's editor Thursday.
"We're all very excited around
here about the news."
Editor & Publisher, a
magazine which has chronicled the
US newspaper industry for over a
century, was sold, exactly two
weeks after being shut down by
its owner, the Nielsen Co.
Duncan McIntosh, whose company
also produces the Newport Boat
Show, stated that; "such a
critical information source for a
newspaper industry so desperately
in need of help should not go
away."
"I've been a reader of Editor
& Publisher over the course
of 30 years and know its
incredible value to readers and
advertisers," McIntosh said.
During the last several years,
Newspapers have been transforming
beyond the printed page to all
forms of digital media. Imagine
loosing the one place where the
industry could have a
conversation with itself and
exchange ideas and best practices
for navigating . . . (networking,
hypertext) navigating - Finding
your way around. Often used of
the Internet, particularly the
World-Wide Web.
Known as the "bible" of the news
industry, Editor & Publisher
has been closely following the
struggles of a US newspaper
industry grappling with declining
circulation, falling print
advertising revenue and the
migration of readers to free news
online.
Editor & Publisher 's new
owner said there would be a
February print issue of the
magazine. E&P's website
immediately resumed operations
upon the completion of the
sale.
Nielsen announced last month it
was closing Editor &
Publisher and Kirkus Reviews, a
book review publication which was
founded in 1933, and selling
several other brands including
the Hollywood Reporter and
Billboard.
108s
- TelecRejectStimulusMoney.htm /
U.S. wants to help the big FIVE
WiTEL®© Telcos
expand their Internet VoIP WiFi
and WiMAX broadband service, but
they refuse to apply for
$4.7-Billion
offer.
Troy
Cory, CEO of NBS
WiTEL®© said, "If
you want to get the WiMax
wired-wirless broadband out into
your neighborhood, you have to do
it with the organization who
brought you to the dance in the
first place. In this case, the
man that organized the 1902
celebration was, Nathan B.
Stubblefield, the inventor,
creator, and founder of the
Wireless Telephone that
registered the NBS
WiTEL®© service
marks in
1907.
The
founder of the NBS Wireless
Telephone®©
Organization," said Cory, has,
and still maintains the the
Service marks. "This is not a
basket weaving contest mixing
copper wire within RF spectrums.
This is really complex and
intensive technical stuff that
takes a fair amount of area codes
and numbering sophistication and
scale to be able to do right and
to continue to upgrade."
THE PROS AND CONS.
August 14th 2009 being the
deadline to apply for $4.7
billion in broadband grants,
AT&T, Verizon and Comcast
won't be going for the stimulus
money.
108s
- CLICK
FOR MORE TelecRejectStimulusMoney
STORY
108g - GovToxic-IOUs-Flipping.htm
<108g
- GovToxic-IOUs-Flipping.htm |
Loophole in government program to
buy toxic securities could cost
taxpayers for the potential Wall
Street IOU
scam.
'Without
safeguards, traders in the
$40-billion program could use
inside information to profit --
and any losses would be largely
borne by taxpayers.
"It
is a conflict by design," said
Troy Cory, CEO of NBS
WiTEL®©. "I agree
with Neal Barofsky, the special
inspector general for the banking
rescue program." It was Rarofsky
who has been urging tighter
controls on the nine trading
firms selected to participate for
several months.
108s - CLICK
FOR MORE 108g -
GovToxic-IOUs-Flipping
STORY
///
108g - USvsSecretSwissAccounts.htm
<108g
- USvsSecretSwissAccounts.htm
108s - CLICK
FOR MORE 108g -
USvsSecretSwissAccounts
Flipping
STORY
U.S.
and Swiss reach deal over secret
UBS bank accounts. The agreement
will end a legal case in which
the U.S. sought names of
Americans suspected of evading
taxes.
U.S.
and Swiss negotiators have
initialed a settlement that
averts a legal showdown over the
U.S. government's landmark
challenge to Swiss bank secrecy,
a government lawyer said
Wednesday.
The
U.S. government had sought a
federal court ruling compelling
Switzerland's largest bank, UBS,
to turn over the names of
Americans suspected of dodging
taxes through the use of 52,000
secret
accounts.
108s - CLICK
FOR MORE 108g - US vs Secret
Swiss Accounts Flipping
STORY
108g-
Google
KnowledgeRush
Click For More -
108-GoogleKnowlegeRush
CLICK Below FOR MORE - Related
Stories
////
2011
- 2nd Quarter: April * May *
June
108-S90
Money:
Busines Finance
Legal
108GoogleSelectsLarryPage-as
CEO
108-ChinaNowOwns
$1.15Trillion U.S.
Bonds
108
SpeedDollars, WUG4.com. Webs For
Storing USPTO
®©
NEED STORY
108
SpeedDollars, WUG4.com. Webs For
Storing USPTO
®©
Other Title
108
Speedollars.com. Wug - Web
Engines Storing of Finacial Info
®©
Other Title
108
WUG4.com. Web Engines Storing of
Intelectual Property Rights
®©
108 - AOL Buys Huffington
Post-$315
Million.
108GoogleSelectsLarryPage-CEO
102 Larry Page, the CEO of
Google Reorganizes its Top
Ranks
SAN FRANCISCO, April 1011 --
Larry Page, who returned as
Google's chief executive officer
(CEO) this 17 week of 2011, has
completed a major reorganization
of the management team as part of
his attempt to streamline
decision-making at the Internet
giant, U.S. media reported on
Friday.
Page, the 38-year-old co-founder
of Google with Sergy Brin, has
been trying to run the company in
the spirit Google had as a
start-up between 1998 and 2001,
when he was its founding CEO
before handing the role to Eric
Schmidt, who now assumes the role
of executive chairman.
Page promoted six
executives in charge of some of
Google's most important
divisions, who will report to the
new CEO directly, The Wall Street
Journal said in a report.
Four executives were promoted to
senior vice presidents, including
YouTube head Salar Kamangar,
mobile-device software Android
chief Andy Rubin, Chrome Web
browser and operating system head
Sundar Pichai and Vic Gundotra,
who is in charge of Google's
social-networking
initiatives.
Susan Wojcicki and Alan Eustace,
two current senior vice
presidents, will become heads of
ads and Web search, a person
familiar with the matter was
quoted as saying.
Google has said that the change
of CEO was aimed at streamlining
decision-making and creating
clearer lines of responsibility
and accountability at the top of
the company.
With the latest management
shuffle after Page took charge of
Google's day-to-day operations,
the promoted executives will be
able to act more autonomously and
won't have to turn to the
company's powerful operating
committee on every decision,
according to a report by the Los
Angeles Times.
The reorganization puts Page
firmly in charge of Google and
its performance in much the same
way Steve Jobs runs Apple, the
newspaper noted.
CLICK
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Section.
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108-S90
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108-China
Now Owns $1.15 trillion in U.S.
Treasury
Bonds.
June 20, 2011. China announced it
purchase
of more than $7.6 billion in U.S.
Treasury debt. China, the biggest
buyer of U.S. Treasury Bonds,
increased its holdings in April,
the first increase after five
straight
declines.
The Treasury Department said
China increased its holding by
$7.6 billion to $1.15
trillion.
Total foreign holdings of
Treasury securities rose 0.2 % to
$4.49 trillion.
Japan, the second-largest buyer
of U.S. debt, trimmed its
holdings slightly by $1 billion,
to $906.9 billion. There had been
concerns that the March 11
earthquake and tsunami would lead
Japan to sharply cut its
purchases to use the money for
reconstruction. CLICK
FOR MORE TCS CHINA
NEWS.
/
CLICK
FOR MORE China
108-S90
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108
SpeedDollars, WUG4.com. Webs For
Storing USPTO
®©
CHANGed
108
Speedollars.com. Web Engines
Storing of Finacial Info
®©
CHANGEd
108
WUG4.com. Web Engines Storing of
Intelectual Property Rights
®©
108
SpeedDollars, WUG4.com. Web
Engines For
Storing
of Intellectual Property Rights
®©
/
CLICK
FOR MORE
108-S90
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///
///
108f-
Google
KnowledgeRush
108if -The
Virgin Mobile Sells WiTEL to
Sprint (See
110i)
108if - Can't
decide? what's the NBS1908
WiTel Service Marks worth?
108f - Nextwave
Sells
WiTEL Spectrums to T-Mobile For
$98
Million
108f - WHO'S
READY TO BE the "Real"
WiTEL®
Company
108f
- The
Funding of Future FCC
Auctions
108f - 2008
- 100th ANNIVERSARY OF THE
Wireless Telephone®
108f -
"FINDING
THE TRICK PONY"
108f - The
Crash of 2008 . . . and the Bail
Outs
2009
108f - 10a
- One Satisfaction Rule Payoff
Game -
Q&A
108f - How
much foreclosure relief will
Borrowers get from bailout
plan?
108f - 10b
FICO The Credit Rating Agencies -
Fraudulent FICO
SCORES
108f - 10c
- Flipping Real Estate Is
Illegal.
108f -
10d
- BackDatingFraud.
Former McAfee,
Inc.
108f - MAY
6, 2009 AT&T Forced To
Buy Verizon WiTEL
$2.3-Billion.
108f - JUNE-2009
Pres Obama Demands Credit Relief
- SPEEDOLLARS
///
108JockeyClubCityCenterL5BillionOpens
-
The
Forbidden Ciy Project.
"The
only names retained by the
Chinese 'Forebidden City' project
are the the words "City" and
Mandarin Oriental," says Troy
Cory, of the Jockey Club Alliance
Group,
Thanks
to MGM, Dubai World, the massive
CityCenter walk, formerly knows
as the the 1993 China Expo Las
Vegas Jockey Club Forbidden City
Boardwalk Project, opend its door
on
December
17, 1009.
TVI's Pete Allman, and the
associated press reported Las
Vegas "visitors by the thousands"
streamed into the newest
casino-resort on the Las Vegas
Strip on Thursday.
Fireworks and fanfare greeted the
official opening of the Aria
Resort & Casino, the
4,000-room, 61-story centerpiece
of the $8.5-billion CityCenter
complex. Crowds began swarming
through the doors around
midnight.
MGM Mirage Chief Executive Jim
Murren said that while many
experts thought CityCenter would
never open, its employees drove
the company to make sure it
carried through on its grand
design.
"It was because of [the
employees] that we got here,
and the promise of 12,000 people
that wanted to work hard to
provide for their families,"
Murren said. "It was that promise
-- that we didn't want to let
them down -- that got us
here."
Aria's rooms, along with those at
CityCenter's Mandarin Oriental
and Vdara hotels, increase room
capacity on the Las Vegas strip
8.5%, UBS Investment Research
analyst Robin Farley said.
MGM Mirage owns the most casinos
on the Strip, but Murren believes
CityCenter will help, not hurt,
the company's other resorts.
Competitors worry that CityCenter
will force them to lower rates to
keep rooms filled. But Murren and
other MGM Mirage officials
predict CityCenter will help Las
Vegas as a whole, spurring
visitation and providing a
catalyst for long-term
prosperity.
"This is really 21st century Las
Vegas," said architect Cesar
Pelli, whose team designed Aria.
"This is really setting up very
high standards that will be very
hard to match -- but I hope they
will try."
December
11, 2009 / The LA TIMES REPORT ON
THE -- massive CityCenter complex
on the Las Vegas Strip, set to
open officially next week, is a
blast from the very recent
past.
Costing
over $8.5 billion, designers
including Daniel Libeskind,
Norman Foster, David Rockwell,
Cesar Pelli and Rafael Vinoly and
a staggering 18 million square
feet of space inside six towers
and a Strip-front shopping mall,
the development is a fitting coda
to the decade of celebrity
architecture and overextended
real-estate mania from which
we've just emerged.
CityCenter's
true theme is leverage. Ranking
as the largest private
development in American history,
big enough to fill the tallest
building in Los Angeles, the U.S.
Bank Tower, roughly a dozen times
over, the complex is a palace --
a series of connected palaces,
actually -- for the age of
towering debt and easy credit.
They should have put Alan
Greenspan's face on the poker
chips.
CLICK
FOR MORE JOCKEY CLUB Alliance
-LV.COM.
108f - May
1, 2009 -
Jockey
Club-MGM CityCenter Deal Saved by
Dubai
World
108f - Jockey
Club MGM Loan Default Mar
2009.
108f - Dubai
sues MGM Mirage over Jockey Club
City Center
April
2009
108f - Jockey
Club MGM, Deutshe Bank City Walk
Project
2009
108f - MGM
CEO, Terry Lanni, stepped aside
in Nov
2008
108f - Flipping
Houses
108iiif
- The
Trick Pony in the world of
WiTEL®©.
108f-
Extras:
RELATED ARTICLES
Jockey
Club MGM Loan Default Mar 2009. -
MGM Mirage Auditors on March 17th
2009 raise doubts about the
casino operator ability to pay
off JockeyClub MGM Loan Default,
which had a $1.15-billion 2008
loss.
NEW - UpDATE / May 1, 2009 / Las
Vegas -- Jockey
Club-MGM CityCenter Deal Saved By
Bell. Jockey Club - MGM Mirage,
Dubai World reach deal to finish
City Center
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TO TOP - Click for More
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108iiis - The
Trick Ponies in the world of
WiTEL®©.
What's
the U.S. Patent and Trademark Office . . .
for ?
"Finding
The Trick Pony" to Monetize the Certified
USPTO ®, -- and the ©
Symbol should be
simple.
The
PTO or USPTO is the acronym for the
government agency assigned to the U.S.
Department of Commerce. The USPTO acts not
only as a fiduciary agent for Congress and
other government agencies, but for the
inventor and other individuals granted
Marks pertaining to patents, trademarks,
and to the copyrightable effects and
elements arising
therefrom.
"A federally
registered mark is presumed valid." The
PTO;s mission is to oversee and implement
those certain federal laws relating to
valid patents, trademarks, and service
rights, they've became
signatory.
By law, when
a Patent, Trademark, and/or a Servicemark
is granted to an individual, it is
considered to be a Certified NOTICE. This
Notice of ownership gives everyone living
and doing business in the U.S.A. -- to
take Notice of
propriety.
This Notice
is also applied to anywhere else in the
world where the U.S. has a Treaty or
International Bureau, i.e., the Berne or
Geneva Convention. It is presumed those
signatory members are aware about your use
and ownership of the invention, copyright
and/or trademark and the meaning of the
Mark, ® / / ©.
108iiis - CLICK
FOR MORE 1808 ABOUT SERVICE
MARKS.
108ig
- Can't
decide what the NBS1908 Wireless
Telephone Patent is worth
1408
108is
- Can't
decide what the NBS1908 Wireless
Telephone Patent is worth 1408?
Here's the deal! The new crop of
WiTEL's arising from the world of
Teléph-on-délgreen,
Kentucky, are dizzying. But more dizzying
is why, when and who owns the NBS1908
Wireless Telephone patent,
and
copyrights?"
108is
- CLICK
FOR MORE 1408
STORY
| 108is
- CLICK
FOR MORE 5800-04 STORY
108s - Nextwave
Sells
WiTEL Spectrums to T-Mobile For $98
Million
- T-mobile,
U.S.A.'s No. 4 U.S. wireless carrier
T-Mobile just picked up some more airwaves
to use as it builds out its 3G wireless
network across the States. The carrier
just bought a chunk of spectrum from
Nextwave Wireless for $98 million, RCR
Wireless News reports. MORE
T-Mobile Story
108s - WHO'S
READY TO BE the "Real" WIRELESS
TELEPHONE® Company - Since
1908 . . . How Does $30-Billion Sound?
#NBSWitelMay2008
/
108s - MORE
NBS LEGAL STORY
108s
- The Funding of Future FCC Bids - to
repurchase the seized RF-300 assets once
owned by NBS1908, is a major concern for
both the FCC and USPTO. That's why the
Wireless Telephone® organization
through it's NBS Family Trust aims to sell
four blocks of its effects linked to its
WiFi-187 Legacy assets holdings, now
valued at over $30-Billion.
CLICK
FOR MORE fcc bids STROY
108s - The
Year 2008 -
THE
100th ANNIVERSARY OF THE Wireless
Telephone®
Click
For More wirelesstelephone.org
108s - What
would Yahoo/Microsoft, Verizon or AT&T
pay for the NBS1908 Wireless
Telephone. (See Patent
-Trademark-Copyright, and 1905 Patent
Laws!
- CLICK
FOR MORE 1808 STORY
108s -
"FINDING
THE TRICK PONY"
Some of these organizations have not only
monetized their respective companies by
issuing paper certificates represented by
stocks, bonds, notes, deeds, and licenses,
listed on various STOCK EXCHANGES, but
have licensed others to use the Effects of
their ® / / © -- as a
commodity. CLICK
FOR More 1808 "Finding The Trick Pony" to
Monetize the Certified USPTO Symbol ®
/ /
©
|
108s - MORE
NBS LEGAL.net
STORY
108s - What
is the U.S. Patent and Trademark Office .
. . for?
The
PTO or USPTO is the acronym for the
government agency assigned to the U.S.
Department of Commerce. The USPTO acts not
only as a fiduciary agent for Congress and
other government agencies pertaining to
patent trademarks, and copyrights, but for
the inventor and individuals granted
Marks.
CLICK
FOR MORE1808 STORY
108s -
The
Crash of 2008 . . . and the Bail Outs
2009
108-10aOneSatisfaction
108s - 10a
- One Satisfaction Rule Payoff Game -
Q&A
108s - How
much foreclosure relief will Borrowers get
from bailout plan?
It
all depends on the "IF" answere: WAS AN
INSURANCE COMPANY INVOLVED. Was insurance
$$ part of the Payoff. - CLICK FOR
MORE BAIL-OUT
GAMES.
108s - 10b
FICO The Credit Rating Agencies -
Fraudulent FICO
SCORES
In
D.C., a few
congressmen blame Benchmark firms for
financial crisis
Congress had a big hand in oversight
failures and deregulation, in part through
a philosophy of reducing government's
role. Rep. Waxman begins hearings
today.
108s - MORE
FICO STORY.
108s -
10c
- Flipping Real Estate Is Illegal.
ScamMers
of Deeds of Trusts in California were
involved high-end house flips on Wall
Sreet usesing Deeds of Trust.
Lehman
Bros. Bank, which last month spiraled into
bankruptcy amid the nation's deepening
financial crisis, and another lender, RBC
Mortgage Co., lost about $42 million on
the loans.
108s - MORE
FLIPPING STORY.
108g -
10d
- BackDatingFraud.
Former McAfee,
Inc.
108s - 10d
-
BackDatingFraud.
Former McAfee, Inc.
lawyer is
acquitted in stock options backdating
trial
Kent
Roberts, who served as the software
maker's general counsel until he was fired
in 2006, was accused of tampering with
grants to increase his shares' value by
$200,000.
108s - CLICK
FOR MORE BACKDATING
STORY.
108s -
10a /
108s - 10b
- Short Selling, The One Satisfaction Rule
Payoff Game - on Wall
Street.
Short Selling, Insurance and
credit swaps Elements of Fraud
/Credit-default swaps, conceived by
bondholders, allow investors to buy
protection against a company defaulting.
As the market expanded, speculators
started using them to bet on a company's
creditworthiness. The contracts pay the
holder face value for the underlying
securities or the cash equivalent should a
company fail to repay its debt.
Though it grew a hundredfold in the last
seven years, total outstanding contracts
in credit-default swaps are dwarfed by
other derivative markets, including those
that bet on interest rates. Those markets
had contracts linked to about $465
trillion as of June 30, the International
Swaps and Derivatives Assn. said.
The joint probe announced Monday will also
examine allegations of insider trading,
market manipulation and other forms of
fraud, according to a second person.
Cuomo and US probe credit-default swaps.
The probe seeks to "determine whether any
federal laws have ... an earlier inquiry
by Cuomo's office, US Atty. ... Cuomo has
been probing alleged manipulation of
credit Business | October 21st, 2008.
108s -
10a |
108s - CLICK
FOR MORE 10b - Short Selling, The One
Satisfaction Rule Payoff Game - on Wall
Street.
108s -
CLICK
FOR MORE - May 6, 2009
AT&T
Forced To Buy Verizon
WiTEL
$2.3 Billion Dollars.
NBS WiTel announced during the
Hollywood Digital that AT&T was being
forced to purchase Verizon WiTEL assets,
because Verizon's Alltel phone system was
incompatible with the at&t's WiTEL
network.
On May 9th 2009 the LATimes,
(Associated Press) confirmed the
$2.35-billion assignment deal -- that will
affect 1.5 million WiTEL subscribers in 79
franchises, in 18 states, including
California.
The areas are mainly within the
Verizon-Alltel, Sprint-Clearwire deal
completed and approved
by the FCC last year. Most
of the Alltel territories overlaped and
competed with Verizon's more well-known
faster WiMax187 connections. They also
include some Verizon territories and areas
covered by Rural Cellular, another carrier
that Verizon bought last year.
Troy Cory-Stubblefield of NBS
WiTEL, and ePublisher of TVInews, stated
to Yahools Lucas Mast during an interview
on May 6th, that, "it appears that Verizon
Wireless, one of NBS WiTEL potentials, was
forced to sell its NBS WiMax187,
to satisfy FCC
regulatory conditions of several WiTEL
deals Verizon made last year by and
between Alltel, and
Sprint-Clearwire."
108s - CLICK
FOR MORE About NBS's WiTEL offer to
YAHOO.
Because AT&T's network isn't
compatible with Alltel or Verizon phones,
the WiTEL© phone numbers would
have affected over 1.5 million WiTEL
subscribers. All would have needed new
phones to use the Dallas-based 2005
AT&T - SBC - Yahoo priorities.
108s - CLICK
FOR MORY About the 2008 Verizon, Sprint -
AllTEL 2008 DEAL.
The States with the 79 franchised
areas included in the deal are Alabama,
Arizona, California, Colorado, Iowa,
Kansas, Michigan, Minnesota, Montana,
Nebraska, Nevada, New Mexico, North
Dakota, South Dakota, Tennessee, Utah,
Virginia and Wyoming.
The deal is expected to be finished
by the fourth quarter. Verizon Wireless is
a joint venture of Verizon Communications
Inc. of New York and Vodafone Group of
Britain.
108s - CLICK
MORE ABOUT Ivan Seidenberg - TVI's
POM-
108s - JUNE
- 2009 President Obama Demands Credit Card
Relief . . . and Gets It. TeleKey Signet -
SPEEDOLLAR FINANCIAL
RECAPS
- To avoid the Repeating of the
financial scenarios of the 30s, 80s and
90s -- Pres. Obama gives aid to those 2009
holders of CreditCards, Guns get a few
more Privileges.
"Finally, after 10 years of
creating money backed by promisory notes,
we get a break from the monetizers of
comodities," says Troy Cory. Troy is the
co-founder, and former head of the Signet
Credit Card system, founded in the
mid-60s. "An updated credit card law was
finially in the making, but the "trick
pony" in the law, included in a gun
control priviledge allowing people to
bring loaded guns into national parks and
wildlife refuges.
During a May 2009, signing ceremony
in the Rose Garden, the president warns
that both consumers and card issuers need
to act responsibly.
On the 22nd of May signing,
President Obama warned overeager shoppers
and greedy credit card companies alike
Friday to act responsibly as he signed
into law a bill designed to protect
debt-ridden consumers from surprise
charges. / CLICK
FOR MORE ABOUT TeleKey Group's "SIGNET
CASHLESS SOCIETY OF THE 1960 - to
2006.
The SIGNET CREDIT CARD
Kickoff
NOTES: 1968 - When the TeleKey Group
was Formed -- its Cashless Society began.
Signet Credit Card Systems and NorthStar
TeleKey Group was formed for local and
international wireless telephonic
numbering system, and numbered Telex
banking transactions. What is the
Relevancy of the wired/wireless
telephone/TV -- to the Internet? -- First
stations set to approve trade credit
exchanges over the telephone, using
dial-tone key pad entry. Main offices, Los
Angeles, Switzerland, Munich.
*NBSWiTel© AFact.
108s - CLICK
FOR TVInews 1960
TIMELINE
/
Go Back to Top of -JUNE - 2009
Article
/
108s -
PacSun - Debt Ficilitators
"pacific
sunrise.org
108s - NEW - UpDATE / May 1,
2009 / Las Vegas -- Jockey
Club-MGM CityCenter Deal Saved By Bell.
Jockey Club - MGM Mirage, Dubai World
reach deal to finish City
Center
It was reported by Associated Press
that the Jockey Club - MGM Mirage, Dubai
World Project that started several years
ago as the Jockey Club Alliance CHINA
EXPO2000 Project, will be partually
completed by December this year. The
$8.5-billion Las Vegas Strip finananced by
the investment arm of the Dubai
government, will drop a suit against the
company.
The pact secures MGM Mirage's
payment obligations for construction costs
with its Circus Circus Las Vegas casino
and adjacent land. The company said
CityCenter is now on track to fully open
by December.
The Jockey Club Alliance Group
confirmed the report that Casino operator
MGM Mirage, had confired on April 29th,
that it had agreed with partner Dubai
World and the pair's lenders to finish an
$8.5-billion casino complex on the Las
Vegas Strip.
MGM Mirage Chief Executive Jim
Murren said the extension gave the company
"more than enough time" to come up with a
comprehensive plan to fix its balance
sheet.
108s - CLICK
FOR MORE 2007 JOCKEY CLUB
STORY.
108s - Jockey
Club MGM Loan Default Mar 2009. - MGM
Mirage Auditors on March 17th 2009
raise doubts about the casino operator
ability to pay off JockeyClub MGM Loan
Default, which had a $1.15-billion 2008
loss.
  
Auditors raised "substantial doubt"
about MGM Mirage's ability to continue,
the largest casino owner on the Strip said
on March 17th 2009, in a regulatory
filing. The company also reported a
$1.15-billion fourth-quarter loss after
writing down properties because of
shrinking gambling revenue.
Casino Operator MGM Mirage who's
in charge of the Jockey Club - Las Vegas
City Walk project, won a two-month bank
court reprieve to restructure its
debts.
The auditors' comments increase the
likelihood that MGM Mirage will seek
bankruptcy protection. Banks granted
waivers on the $7-billion bank-loan
facility until May 15. The company said
March 3 that it was in talks to avert a
potential breach of covenants.
In exchange for the temporary
covenant waivers, MGM Mirage is prohibited
from prepaying or repurchasing other
long-term debt or selling assets. The
company will also repay $300 million of
the fully drawn revolving loan, and it
accepted a 100-basis-point increase in the
interest rate.
MGM Mirage, controlled by
billionaire Kirk Kerkorian, can also fund
construction of its Las Vegas City Center
- Jockey Club project only if partner
Dubai World also finances its half of the
costs, the company said in the filing. The
casino company reiterated Tuesday that it
would finish the project on schedule.
108s - Dubai
partner sues MGM Mirage over Jockey Club -
City Center in Vegas
April
(2307).
March
24, 2009 Las Vegas -- The Dubai developer
building an $8.6-billion complex on the
Las Vegas Strip with casino company MGM
Mirage Inc. is suing MGM Mirage because
it's worried about the project's
viability.
"What
we are attempting to do is complete this
project," Dalton said.
Dalton
said the state-owned company "had no
choice" but to file suit.
"We're
not saying MGM won't be involved," Dalton
added. "We're anxious to work with
them, but we need to see them come out of
their financial problems."
"If
MGM can't manage its bank debt, how is MGM
going to make more equity contributions?"
Cohen said. "Maybe the answer is, well,
that gives Dubai World leverage, and they
want to control much more than half of
this joint venture when it's all over."
108s - CLICK
FOR MORE 2307 DUBAI
SUIT
108s - Jockey
Club MGM, Deutshe Bank City Walk Project
2009 - MGM, Deutsche talks said to
fail
-
March - 2009
MGM Mirage and Dubai World failed to reach
agreement with Deutsche Bank and talks on
a $1.2-billion loan to complete the Las
Vegas CityCenter project collapsed,
according to five people with knowledge of
the matter.
Deutsche Bank
was seeking equity and debt stakes in the
$11.2-billion development on the Las Vegas
Strip in return for the loan. MGM Mirage
and Dubai World are now holding talks with
other parties, one of the people said. --
times wire reports
108 - MGM
CEO, Terry Lanni, stepped aside in Nov
2008, just as questions continued to swirl
about his resume
(Kirk).
"It's time for a younger generation
to take over," Lanni said in a telephone
interview. He also cited a desire to spend
more time with his family.
108 - CLICK
FOR MORE 0807 CITY WALK JOCKEY CLUB
NEWS
/ CLICK
Construction outside the Jockey Club in
Las
Vegas
/ MORE
2005 TCS China STORY
108g-
Extras:
RELATED ARTICLES
108g-ExtraRELATEDARTICLES
108g - Flipping
Houses
108s - Flipping
Houses
|
yes90.net/108money/108flipping.htm
108 - China
Getting Ready For the Olympics and the
Corner Gas Station -
108 - Warehousing
Oil in South China. November 14, 2004 -
Fuzhou/Xingtv/YES90
108 - 01. Yahoo
Settles Browser
Case
108 - 02 - Oil
-- Who's Buying and Who's Selling Oil in
IRAQ
108 - 01. Oil
-- Who's Buying and Who's Selling Oil and
What Price - Libya
108 - 02. Venezuelan
may sell some parts of Citgo Petroleum
Corp.
108 - Gower
Studios Is Sold
*
108g
RETURN TO SECTION TOP - Click for More
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