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Friday, November 30, 2012

Nolan Daniels Powerball Hoax: Man Posts Fake Lottery Ticket To Facebook (PHOTO)

Nolan Daniels Powerball Hoax: Man Posts Fake Lottery Ticket To Facebook (PHOTO)




A Facebook user named Nolan Daniels posted a photo of himself holding what appears to be a winning Powerball ticket from Wednesday's record $588 million lottery drawing to his feed, according to the Savannah Morning News. The post is reportedly a hoax.

The public photo, which was shared at about 10 p.m. Thursday evening and had received more than 450,000 shares by Friday afternoon, included the statement:

Looks like I won't be going to work EVER!!!! Share this photo and I will give a random person 1 million dollars!
Citing the Powerball website, Gawker points out that the numbers on the ticket were "not in numerical order... [as] a real ticket would be" and called the image "poorly photoshopped."

But the post was enough to fool a lot of people, even after a winner in Missouri came forward, and video footage of the alleged second winner surfaced.

Powerball has yet to confirm a second winner of the historic jackpot. The remaining winning ticket was bought in Arizona.


Source : http://www.huffingtonpost.com

Ronda Rousey: 'I try to have as much sex possible before I fight'

Ronda Rousey: 'I try to have as much sex possible before I fight'


Mixed martial artist Ronda Rousey
(Photo: mmajunkie.com)


Muhammad Ali says he used to abstain from sex for six weeks before a fight. MMA fighter Ronda Rousey is taking a different training method.

Rousey, widely considered the No. 1 pound-for-pound female fighter in the world, was asked by Jim Rome how long a fighter should abstain before a bout.

"For girls, it raises your testosterone, so I try to have as much sex as possible before I fight," she said.

Rousey quickly clarified that her training regimen depends on whether she has a steady boyfriend or not.

"I don't put out Craigslist ads or anything," she said.


The great debate about whether athletes should have sex before competition rages on. Science aside, the best quote on the subject comes from Casey Stengel.

"It ain't getting it that hurts them, it's staying up all night looking for it," he once said.


Source : http://www.usatoday.com

Halle Berry, Gabriel Aubry reach truce over his violent Thanksgiving tussle with actress' fiance Olivier Martinez

Halle Berry, Gabriel Aubry reach truce over his violent Thanksgiving tussle with actress' fiance Olivier Martinez

It’s still not clear if authorities will pursue a criminal case against Aubry. He was taken into custody Thanksgiving morning on suspicion of misdemeanor battery after the fight with Martinez.

AP/LOS ANGELES SUPERIOR COURT

It’s still not clear if authorities will pursue a criminal case against Halle Berry ex Gabriel Aubry.


Halle Berry and Gabriel Aubry have reached a truce over the violent turkey-day tussle at the Oscar winner’s mansion.
“The parties have reached an amicable agreement. There will be no further statements regarding this matter,” Berry lawyer Blair Berk told the Daily News Thursday.

She said the cease-fire statement was joined by Aubry’s criminal lawyer Shawn Holley.

Both sides were in a Los Angeles courtroom Thursday to discuss the settlement with the family court judge overseeing the paternity case for Berry’s 4-year-old daughter with Aubry.

It’s still not clear if authorities will pursue a criminal case against Aubry.

He was taken into custody Thanksgiving morning on suspicion of misdemeanor battery after a fight with Berry’s fiancé Olivier Martinez.


KEVIN WINTER/GETTY IMAGES

Olivier Martinez and Halle Berry.

Police said Berry called cops to report someone assaulting her boyfriend and that Martinez made a citizen’s arrest of Aubry.

A law enforcement source said Martinez claimed Aubry started the brawl by shoving him and throwing a punch at his face that missed and hit his shoulder.

Aubry, a Calvin Klein model, later claimed Martinez violently attacked him without provocation and threatened to kill him.

Multiple sources told the Daily News it’s highly probably the case will disappear because Aubry has no history of violent crime and barely touched Martinez.

Instead, Aubry ended up with a broken rib and a smashed face with one eye swollen shut and a deep cut that required stitches.


Sourcee : http://www.nydailynews.com

Celebrity Marriages That Didn't Last: 15 Signs These Relationships Were Doomed

Celebrity Marriages That Didn't Last: 15 Signs These Relationships Were Doomed



"Till death do us part ... or something" should be Hollywood's new mantra when it comes to marriages. And while half of marriages in the United States already end in divorce, that number seems like a cruel underestimate when it comes to those who lead their lives in the spotlight.

But sometimes telltale signs of trouble can be spotted miles away. Here are 15 universal signs that these celebrity relationships were doomed even before these former couples dialed up their lawyer.


Source : http://www.huffingtonpost.com

LinLindsay Lohan's Fight: Will Actress Be Barred From New York Nightclub? dsay Lohan's Fight: Will Actress Be Barred From New York Nightclub?

Lindsay Lohan's Fight: Will Actress Be Barred From New York Nightclub?




If you or I got arrested outside a trendy Manhattan nightclub for allegedly throwing a punch, it would be fair to assume we wouldn't be welcomed back. That is not the case with Lindsay Lohan.

Lohan, a regular at the Chelsea hotspot Avenue, was banned from the club earlier this year following an incident in which she tweeted that Justin Timberlake was seeing another woman that wasn't his wife, Jessica Biel. But after Lohan was arrested for hitting a fellow patron there early Thursday morning, the club's staff has not issued a similar statement.

"It goes to show that talking publicly about a celebrity behavior inside the club is far more important than a actual behavior," one nightlife fixture told The Huffington Post, asking that we didn't share her name for fear of being banned. "The message is, you can punch someone, but if you talk about it, you will get barred."

Avenue's owner and publicist did not return calls seeking comment. However, other clubs' representatives and owners were happy to say Lindsay was still welcome at their establishments.

Matt Levine, co-owner of Cocktail Bodega and the Sons of Essex, says Lindsay is not barred from any of his restaurants and lounges. Shadow PR, which represents some of the finest hospitality ventures in the city including, 1-OAK, Butter, The Darby, Abe & Arthurs, Catch, The Chandelier Room and Tenjune, also made it clear Lindsay is still welcome.

"It takes a lot for a celebrity to get banned from a cool club in NYC," one insider said. "It’s for sure a
case of one rule for Lindsay and another for everyone else."



Source : http://www.huffingtonpost.com

Lindsay Lohan arrested: Real-life performance at Avenue lounge much more entertaining than 'Liz & Dick' effort Read more: http://www.nydailynews.com/entertainment/gossip/molloy-lohan-antics-thrilling-liz-dick-article-1.1210734#ixzz2Dkm71Sx6

Lindsay Lohan arrested: Real-life performance at Avenue lounge much more entertaining than 'Liz & Dick' effort


The 26-year-old actress gets away with everything. She has a rap sheet longer than many rappers and athletes, but you rarely see her behind bars. Lohan has slugged people, chased them down like dogs in her car, she’s been busted for cocaine and virtually got off scot-free.

LOUIS LANZANO/AP
Lindsay Lohan (second right) hides her face as she's escorted from the 10th Precinct on Thursday after being charged for assaulting a woman at Club Avenue in Manhattan.



The video of Lindsay Lohan crying and yelling “Are you kidding?” to cops as they hauled her away in handcuffs probably had more viewers than her movie “Liz & Dick” on Sunday night.
Lohan’s real-life repeat performance at the Avenue lounge on Thursday was in Lohan’s usual time slot — last call after Lohan punched Tiffany Mitchell in the face. Mitchell is a psychic who reportedly charges $2,500 to “cleanse people’s auras.” Oddly, she never saw this coming.

RELATED: LOHAN ARRESTED AGAIN

Some witnesses claim that Lohan became jealous when musician Max George, whom she latched onto after his band The Wanted opened for Justin Bieber at Madison Square Garden, began talking to Mitchell. The 28-year-old psychic was wearing a fur coat, circa 1980, and George had his choice of far younger women.

Lohan fled out the back door and into an SUV, a police source told the Daily News, trying to get away yet again. 


JACK ZEMAN/A&E
Lindsay Lohan stars as Elizabeth Taylor in Lifetime's biopic 'Liz & Dick.'



Why not? She gets away with everything. The 26-year-old has a rap sheet longer than many rappers and athletes, but you rarely see her behind bars. Lohan has slugged people,  chased them down like dogs in her car, she’s been busted for cocaine and virtually got off scot-free.

In February 2011, police say Lohan stole a $2,500 necklace from a California jewelry store. She was sentenced to 120 days in jail, but got community service instead. She never performed it, so on the following Nov. 7, a judge sent her to jail for 30 days. Lohan was out within hours. 

In June, she crashed her Porsche into an 18-wheeler and authorities said she lied to cops, saying her assistant was driving. She was charged on that lie in California Thursday — the same day she was arrested in the New York assault.

Here’s my question: What if a black or Hispanic man committed the same crimes that Lindsay Lohan was accused of? 

“If (one of my clients) stole a necklace worth over $1,000, the judge might reduce the felony to petit larceny, a misdemeanor, if he had no prior record,” top defense lawyer William Rita said. “At best, they would get three years probation. But if that probation was violated, they would be incarcerated.”

It remains to be seen whether there’s a judge on either coast who will treat Lindsay Lohan like anybody else who breaks the law.



Source : http://www.nydailynews.com

Monday, November 26, 2012

Oprah at a Crossroads

Oprah at a Crossroads


Stephanie Diani for The New York Times

Oprah Winfrey spoke last month at a convention held by O, The Oprah Magazine, in Los Angeles.


It’s not easy to find a fresh way to photograph Oprah Winfrey.

That’s why the editors of O, The Oprah Magazine, recently tried to create a shot that recalled the glory days of Ms. Winfrey’s syndicated talk show. They arranged to photograph her for its April 2013 issue as she stepped onstage to speak to 5,000 attendees at the magazine’s annual conference, a New Age slumber party of sorts for women held at the convention center here last month. When Ms. Winfrey confidently strode out dressed in a sea foam green V-neck dress and a pair of perilously tall ruby red stilettos, the audience collectively leapt to its feet and shrieked at the sight of her.

“I love you, Oprah,” some women shouted, while other fans brushed away tears. “I love you back,” she responded in her signature commanding voice. “It’s no small thing to get the dough to come here.”

Ms. Winfrey, who used to receive this kind of applause from fans five days a week, has had fewer such receptions since the talk show she hosted for 25 years ended 18 months ago. The cable network OWN, which she started with Discovery Communications, is emerging from low ratings and management shake-ups. And without a regular presence on daytime network television, she cannot steer traffic to her other products as easily as in the past. Her magazine, in particular, has experienced a decline in advertising revenue and newsstand sales since the talk show finished.

“She’s still Oprah. But she’s still struggling,” said Janice Peck, an associate professor of journalism and mass communication at the University of Colorado who wrote the 2008 book “The Age of Oprah.” “I think she’s scared, even though she’s very, very rich and she’s always going to be very, very rich. The possibility of failure, it’s quite scary.”

Ms. Winfrey, 58, has shown some signs of strain. She arrived at the conference with faint shadows under her eyes and announced to her best friend, Gayle King, and the audience simultaneously that she had a breast cancer scare the week before. (It was ultimately a false alarm.) When Ms. King grew visibly upset, one woman chided Ms. Winfrey for not telling her friend ahead of time and ordered her to apologize to Ms. King — all before an audience. Ms. Winfrey also did not hide her dissatisfaction with the criticism she had faced. She told the audience, “the press tried to cut me off at the knees” in its coverage of OWN, and bristled at questions about the challenges her magazine confronted.

“I don’t care what the form is,” Ms. Winfrey said with the conviction of a preacher. “I care about what the message is.”

With signs of progress at OWN, Ms. Winfrey now has more time to devote to other media platforms — her magazine, her radio channel on XM Satellite Radio, her Facebook page, which has 7.8 million subscribers, her Twitter account, which has nearly 15 million followers, and her latest content channel on The Huffington Post.

“It’s all an opportunity to speak to people,” Ms. Winfrey said as she sat for an interview during the conference, a pair of glittery gold stilettos slung in her hand and a couple of handlers in the corner quietly tapping away at smartphones. She pushed aside a bottle of sparkling water, a glass with a silver straw and a delicate orchid placed before her and spoke frankly about her plans.

“Ultimately, you have to make money because you are a business. I let other people worry about that. I worry about the message. I am always, always, always about holding true to the vision and the message, and when you are true to that, then people respond.”

When it comes to the magazine, Ms. Winfrey said her staff prepared her to expect a 25 percent decline in newsstand sales after the talk show ended. (It has been closer to 22 percent.) And while she acknowledged that she enjoyed “holding the magazine in my hand,” she was pragmatic about print’s future and said she would stop publishing a print magazine if it were not profitable.

“Obviously, the show was helping in ways that you know I hadn’t accounted for,” Ms. Winfrey said. “I’m not interested, you know, in bleeding money.”

Ms. Winfrey, who spoke in a conference room over the roars of an expectant crowd in the convention space below, said she knew that her brand’s strength stemmed from how she resonated with a breadth of viewers.

“A little instinct that I had when I started the Oprah show in Chicago, I always knew it and it wasn’t cockiness. It was just a knowingness that people are the same in Chicago as they are in Alabama as they are in Rhode Island as they are in Seattle,” Ms. Winfrey said. “I knew that. I could feel that because I’m with the audience every day.”

Ms. Winfrey wants that audience for the magazine, but she wants its readers to be younger. The median age for an O reader is 49, according to data tracked by the audience measurement company GfK MRI. (By comparison, Vogue’s median is 35.6 and Real Simple’s is 46.3.) Ms. Winfrey said she would like to attract women “in their 30s or perhaps their 20s, to be able to reach people when they are looking to fulfill their destiny.” She added, “By the time you’re 40, 42, you should have kind of figured it out already.”

That may be a tougher climb. While articles in women’s magazines like Glamour or Cosmopolitan often focus on new sex positions to try and embarrassing dates, O’s coverage tends to appeal to an older crowd. Recent articles discussed how tea helps lower blood pressure and offered advice on how to talk to a doctor about medical history. Beth Babyak, a 40-year-old Oprah fan who was attending her second conference, said she did not subscribe to the magazine.

“I find it still skews older,” Ms. Babyak said. When she does read it, she added, “I skip through sections.”

Ms. Winfrey has been reaching some younger women through former talk show guests turned magazine contributors. Heather Hooke, 27, and her sister, Summer Swindell, 32, both subscribers, attended the conference because they like certain speakers who used to appear on Ms. Winfrey’s show, like Martha Beck, a life coach who recently wrote columns about managing anxiety and being more decisive. Ms. Swindell also follows the sex columnist Dr. Laura Berman, who appears on Ms. Winfrey’s radio network. Both Ms. Hooke and Ms. Swindell seemed to view Ms. Winfrey as a maternal figure who shepherds this self-help flock.

“She’s like the mother of every mother,” Ms. Swindell said.

When Ms. Winfrey started the magazine a dozen years ago, it broadened her audience to include more affluent and educated readers than viewers of her TV program. (An issue costs $4.50 on newsstands.) And that initially paid off. Ms. Peck said the magazine’s debut in April 2000 was one of the most financially successful in the industry’s history. Readers devoured musings from Ms. Winfrey and columns written by talk show guests like Dr. Phil McGraw and Suze Orman. Ms. Orman called contributing to the magazine and attending the conference vital to her work because of the exposure she gets to her fans.

“I’ve written for Oprah’s magazine since Day 1,” Ms. Orman said after taking refuge from the hordes of fans who followed her from a book signing at the conference at a Jenny Craig booth, which was waiting for another guest, Valerie Bertinelli. “I wrote for the magazine so it would bring people into my life.”

While its circulation and advertising clearly benefited from the talk show’s popularity, Ms. King, the magazine’s editor at large, said that Ms. Winfrey never let the magazine depend too heavily on the program to drive sales.

“We always thought there was something in the magazine that could be promoted on the show, at least once a month. But Oprah didn’t feel that way,” Ms. King said. “That’s just not how she rolls, as the kids say.”

Hearst executives were also prepared for sales to take a hit once the show ended. Susan Casey, the magazine’s editor in chief since 2010, said that some readers thought when the talk show ended, the magazine was folding as well. But that confusion seems to have passed, and the magazine is attracting attention to itself by collaborating with other parts of Ms. Winfrey’s empire. It coordinated with OWN to produce “Oprah’s Favorite Things” episode that was broadcast on Nov. 18 and featured items appearing in O’s December issue, which included high-end items like a $1,440 electric bike. The July issue highlighted Ms. Winfrey’s pick for her revived book club.

Ms. Winfrey is confident she will draw more younger fans because people want “what we have to say in this magazine about fulfilling your destiny, who you’re meant to be, living your best life.” That’s the kind of product Ms. Winfrey predicts people, regardless of age, will continue to pay for.

“You’re never going to run out of people who are looking for a more joyful life,” she said. Some of the answers to Ms. Winfrey’s quest for a younger audience may simply be bridged by her original fans. Lynne Shewan, 56, a retired special education teacher from East Setauket, N.Y., attended the conference to get the advice from Ms. Winfrey she has been missing since the show ended. She said that she kept her magazine subscription and liked the columnists and updates about Ms. Winfrey. She watches Ms. Winfrey’s “Lifeclass” show on OWN for her television fix.

“The magazine certainly isn’t a replacement for the show,” Ms. Shewan said.

Ms. Shewan noted that the conference gave Ms. Winfrey one new convert. Ms. Shewan invited her 24-year-old daughter, Briana, who initially laughed at the offer, calling the gathering “the Oprah convention.”

But throughout the day, Briana Shewan’s opinions changed.

“I was more into it than I thought I would be,” Ms. Shewan said.

The question for Hearst and Ms. Winfrey is whether there are enough of those younger readers waiting to embrace O’s message.

“For sure Hearst wants to make some money,” Ms. Winfrey said. “You know, every time I get a check from it, it’s like ‘Wow, this is amazing. I get paid for doing this.’ ”

Source : http://www.nytimes.com

Saturday, November 24, 2012

"Dallas" star Larry Hagman dies in Texas

"Dallas" star Larry Hagman dies in Texas


Larry Hagman has died at the age of 81, according to his family. / IAN GAVAN/GETTY IMAGES


(CBS/AP) J.R. Ewing was a business cheat, faithless husband and bottomless well of corruption. Yet with his sparkling grin, Larry Hagman masterfully created the charmingly loathsome oil baron — and coaxed forth a Texas-size gusher of ratings — on television's long-running and hugely successful nighttime soap, "Dallas."

Although he first gained fame as nice guy Capt. Tony Nelson on the fluffy 1965-70 NBC comedy "I Dream of Jeannie," Hagman earned his greatest stardom with J.R. The CBS serial drama about the Ewing family and those in their orbit aired from April 1978 to May 1991, and broke viewing records with its "Who shot J.R.?" 1980 cliffhanger that left unclear if Hagman's character was dead.

The actor, who returned as J.R. in a new edition of "Dallas" this year, had a long history of health problems and died Friday due to complications from his battle with cancer, his family said.

"Larry was back in his beloved hometown of Dallas, re-enacting the iconic role he loved the most. Larry's family and closest friends had joined him in Dallas for the Thanksgiving holiday," the family said in a statement that was provided to The Associated Press by Warner Bros., producer of the show.

The 81-year-old actor was surrounded by friends and family before he passed peacefully, "just as he'd wished for," the statement said.

Linda Gray, his on-screen wife and later ex-wife in the original series and the sequel, was among those with Hagman in his final moments in a Dallas hospital, said her publicist, Jeffrey Lane.

"He brought joy to everyone he knew. He was creative, generous, funny, loving and talented, and I will miss him enormously. He was an original and lived life to the fullest," the actress said.

Years before "Dallas," Hagman had gained TV fame on "I Dream of Jeannie," in which he played an astronaut whose life is disrupted when he finds a comely genie, portrayed by Barbara Eden, and takes her home to live with him.

Eden recalled late Friday shooting the series' pilot "in the frigid cold" on a Malibu beach.

"From that day, for five more years, Larry was the center of so many fun, wild and sometimes crazy times. And in retrospect, memorable moments that will remain in my heart forever," Eden said.

Hagman also starred in two short-lived sitcoms, "The Good Life" (NBC, 1971-72) and "Here We Go Again" (ABC, 1973). His film work included well-regarded performances in "The Group," "Harry and Tonto" and "Primary Colors."

But it was Hagman's masterful portrayal of J.R. that brought him the most fame. And the "Who shot J.R.?" story twist fueled international speculation and millions of dollars in betting-parlor wagers. It also helped give the series a place in ratings history.

When the answer was revealed in a November 1980 episode, an average 41 million U.S. viewers tuned in to make "Dallas" one of the most-watched entertainment shows of all time, trailing only the "MASH" finale in 1983 with 50 million viewers.

It was J.R.'s sister-in-law, Kristin (Mary Crosby) who plugged him — he had made her pregnant, then threatened to frame her as a prostitute unless she left town — but others had equal motivation.

Hagman played Ewing as a bottomless well of corruption with a charming grin: a business cheat and a faithless husband who tried to get his alcoholic wife, Sue Ellen (Gray), institutionalized.

"I know what I want on J.R.'s tombstone," Hagman said in 1988. "It should say: `Here lies upright citizen J.R. Ewing. This is the only deal he ever lost."'

On Friday night, Victoria Principal, who co-starred in the original series, recalled Hagman as "bigger than life, on-screen and off. He is unforgettable, and irreplaceable, to millions of fans around the world, and in the hearts of each of us, who was lucky enough to know and love him."

Ten episodes of the new edition of "Dallas" aired this past summer and proved a hit for TNT. Filming was in progress on the sixth episode of season two, which is set to begin airing Jan. 28, the network said.

There was no immediate comment from Warner or TNT on how the series would deal with Hagman's loss.

In 2006, he did a guest shot on FX's drama series "Nip/Tuck," playing a macho business mogul. He also got new exposure in recent years with the DVD releases of "I Dream of Jeannie" and "Dallas."

The Fort Worth, Texas, native was the son of singer-actress Mary Martin, who starred in such classics as "South Pacific" and "Peter Pan." Martin was still in her teens when he was born in 1931 during her marriage to attorney Ben Hagman.

As a youngster, Hagman gained a reputation for mischief-making as he was bumped from one private school to another. He made a stab at New York theater in the early 1950s, then served in the Air Force from 1952-56 in England.

While there, he met and married young Swedish designer Maj Axelsson. The couple had two children, Preston and Heidi, and were longtime residents of the Malibu beach colony that is home to many celebrities.

Hagman returned to acting and found work in the theater and in such TV series as "The U.S. Steel Hour," "The Defenders" and "Sea Hunt." His first continuing role was as lawyer Ed Gibson on the daytime serial "The Edge of Night" (1961-63).

He called his 2001 memoir "Hello Darlin': Tall (and Absolutely True) Tales about My Life."

"I didn't put anything in that I thought was going to hurt someone or compromise them in any way," he told The Associated Press at the time.

Hagman was diagnosed in 1992 with cirrhosis of the liver and acknowledged that he had drank heavily for years. In 1995, a malignant tumor was discovered on his liver and he underwent a transplant.

After his transplant, he became an advocate for organ donation and volunteered at a hospital to help frightened patients.

"I counsel, encourage, meet them when they come in for their operations, and after," he said in 1996. "I try to offer some solace, like `Don't be afraid, it will be a little uncomfortable for a brief time, but you'll be OK.' "

He also was an anti-smoking activist who took part in "Great American Smoke-Out" campaigns.

Funeral plans were not immediately announced.

"I can honestly say that we've lost not just a great actor, not just a television icon, but an element of pure Americana," Eden said in her statement Friday night. "Goodbye, Larry. There was no one like you before and there will never be anyone like you again."


Source : http://www.cbsnews.com/

Light pole falls in Kohl's parking lot

Light pole falls in Kohl's parking lot

Passenger in car struck by pole suffers head injury



It was a Black Friday nightmare for one Muskego family who were nearly struck by a falling utility pole.

The Dunn family was looking forward to finally going home after a long night of shopping, but there was one more stop to make at a Kohl's store in West Allis off Highway 100.

"We were pulling in. We had just pulled into the spot, and the pole fell onto our car," crash victim Mike Dunn said. "I put the car in park, never shut the engine off, and all of a sudden, boom. A pole hits the car."

Investigators said they believe high winds forced the light pole to come crashing down. They said at least four cars were damaged, but no one else was in their cars or walking in the parking lot when the pole fell.

"There was glass everywhere, and I saw the pole caved in, and then I just got out of the car," crash victim Beth Dunn said. "I don't even remember what happened. It happened so fast. It was such a shock. I'm still in shock."

Beth Dunn was sitting in the passenger seat of their sport utility vehicle and took the brunt of the impact. She suffered a minor head injury, and paramedics said she didn't have a concussion.

The couple's two children were also in the back seat of the vehicle, and were not hurt.

The family said they're thankful that all they need is a new car.

Employees from the Kohl's store assisted the family with blankets to stay warm. A store representative said they're working with police in the investigation.


Source : http://www.wisn.com

Co-stars, fellow actors grieve over loss of Larry Hagman

Co-stars, fellow actors grieve over loss of Larry Hagman



Celebrities extended sympathies Saturday throughout social media about the death of actor Larry Hagman, who gained fame as the villain J.R. Ewing on the TV series "Dallas" during the 1970s and 1980s.
Hagman, 81, died Friday in a Dallas hospital of complications from cancer.
Linda Gray, who played wife Sue Ellen Ewing on the TV drama, described Hagman as "a true icon loved by so many.
"So sad to lose such a wonderful dear bigger than life friend," Gray tweeted. "Larry Hagman was one of a kind and will be with us all forever."

Patrick Duffy played brother Bobby Ewing and asked fans Saturday to "pardon my silence."
"My friend is taking a break," Duffy tweeted, an apparent spiritual reference to the afterlife.. "Love Patrick."
Joan Collins also appeared on the show: "Oh no just heard about Larry, he was magnificent as JR & inspired me to play Alexis. RIP," she wrote on Twitter.
Other personalities remembered Hagman for his remarkable acting career, which also included playing opposite Barbara Eden in the 1960s sitcom "I Dream of Jeannie."
On her Facebook page, Eden said Hagman was "a whirlwind of big laughs, big smiles and unrestrained personality" with "his Big Texas bravado."
She remembered their five-year TV series and "that first day on Zuma Beach with him, in the frigid cold," she wrote. Zuma Beach is in Malibu, California.
"He was such a key element in my life for so long and even, years after 'I Dream of Jeannie,' " Eden wrote.
"I, like many others believed he had beat Cancer and yet we are reminded that life is never guaranteed," Eden said, extending condolences to his family.
"I can honestly say that we've lost not just a great actor, not just a television icon, but an element of pure Americana," Eden said.
People we've lost in 2012: The lives they lived


Source : http://edition.cnn.com

Sandy-ravaged shops hope for Small Business Saturday boost

Sandy-ravaged shops hope for Small Business Saturday boost



Big Fun Toys in Hoboken, N.J., and other small stores hard-hit by superstorm Sandy, are hoping to bounce back with Small Business Saturday. / WCBS


Black Friday was the big day for major retailers, but Saturday is all about the mom-and-pop stores.

As CBS Station WCBS reports, the day known as Small Business Saturday has special meaning for those trying to make it back from superstorm Sandy.

The storm put many people out of business in the New York-New Jersey area, but some are hoping that sales on Saturday will give them the boost they so desperately need.

The warmth and familiarity of a neighborhood mom and pop store is an undeniable part of most communities, but weeks after Sandy hit, small businesses have continued to suffer, reports WCBS' Amy Dardashtian.

"We want to stay in business," said Babylon, L.I., gift shop owner Pat Turner. "I've been here 32 years."

Marshal Cohen, an analyst with the NDP Group of Port Washington, said it will take a month or more for local retailers to catch up from business lost in the aftermath of the storm.

Small Business Saturday is an annual nationwide effort to support small businesses. Local shops will be highlighted all day Saturday.

Sheila Dallara of Hoboken can buy toys elsewhere, but she said she'll only do it in her town, where her bucks help buy a bounce back.

"It's so important to support local businesses and help bring them back," Dallara told WCBS' Dave Carlin.

When Sandy zapped the store's power, Big Fun Toys on Washington Street lost more than just a week of business. "We really are going to be relying on this holiday season to catch up with the effects of Sandy," said Big Fun Toys manager Kathleen Childs.

In Long Beach, Nassau County, small business owners such as Cuban Crocodile Restaurant operator Marini Wolfe are dealing with damage to their businesses and their homes.

"You don't know which to go for first - your home, your business - but they're both equally important," Wolfe said.

During Sandy, Marini's restaurant was filled with flood water, and the boiler and water heater were destroyed.

The State of New York is offering emergency low-interest loans to help get small businesses back on their feet, but business owners say they also need the local foot traffic.

"We're open, but you know, these people don't really, you know, have the money, the time, or whatever," said Kevin Donald, owner of Go Green Dry Cleaning in Long Beach. "They're just trying to survive, and we're trying to survive, too."

Small retailers emphasized that supporting local businesses means supporting the whole community.

"When you're supporting local businesses you support people who live, the people who work here, live here, and it's a good, efficient way of supporting the town you live in," Childs added.



Source : http://www.cbsnews.com

Friday, November 23, 2012

12-Year-Old In Disbelief After Thugs Steal Her Uggs

12-Year-Old In Disbelief After Thugs Steal Her Uggs




A 12-year-old Denver area girl told CBS4 she was heartbroken after she was in a sporting goods store and someone stole the boots she had just gotten as a present from her grandmother.

Gretchen birthday was a couple weeks ago and her grandmother gave her a pair of Ugg boots.

She was with her mother in Sports Authority in Glendale recently and trying on some new shoes.

"While I was trying on the shoes, I put my Uggs sort of in the corner by some boxes and then we decided to get inserts so we sort of went around the corner," she said.

When she came back her Uggs were gone.

Sports Authority actually sells the exact boot, and store managers helped search the boxes of boots to see if someone thought they belonged to the store. It was possible, since Gretchen's Uggs were practically brand new and she still has the box they came in.

"So we had the whole store look for the Uggs, but we couldn't find them," Gretchen told CBS4.

According to the Glendale police report, surveillance video from the Sports Authority at the time shows a male and female enter the area and "the female place the Ugg boots on her feet" and then "the two walk out of the store."

"Why would they steal a 12-year-old girl's shoes? I mean that's just sad," Gretchen said.

Sports Authority initially gave Gretchen $85 in gift cards, but it wasn't enough to cover the cost of new Uggs. Then 4 On Your Side investigator Jodi Brooks got involved and contacted the company's corporate office. They said they would provide more gift cards so Gretchen could have enough to cover the full cost of the boots.

"It's still a big shock that someone would steal Uggs and would just slip them on and run. They could be anywhere wearing my Uggs," she said. "The lady just slipped on my Uggs and left."


Source : http://www.wtsp.com

For many, Black Friday was just an extension of Thanksgiving shopping

For many, Black Friday was just an extension of Thanksgiving shopping




Palm Beach Post Staff Writer
BOYNTON BEACH — Some Black Friday shoppers resisted holiday creep and waited until Friday to find doorbuster deals. Others took the opportunity to turn it into a marathon shopping trip.
“I’m exhausted,” said Linda Osborn, who arrived at the 6 a.m. JCPenney opening in Boynton Beach 22 hours after starting her shopping expedition.
With three pages of lists — a dress rehearsal Wednesday determined in-store locations of deals and a precise schedule — Osborn said she missed some of the doorbusters but saved $200 at Kohl’s on her total bill and $60 on an under-cabinet radio.
“Yes, you’re losing sleep, but you’re saving money,” the Boynton Beach woman said.
A group of nieces, cousins, aunts and daughters who have been shopping together for at least five years refused to set foot in a store until Friday — at 4:15 a.m. they were at Target. “We value Thanksgiving day,” said Jennifer McConkey of Orlando.
But they do keep it fun, wearing lighted elf and reindeer hats purchased in past years.
“Everybody at Target was laughing,” said Patricia Heinrichs of Jupiter while the group took an early lunch break at the Mall at Wellington Green food court. “It’s about being together, having fun and shopping.”
About 41 million people planned to shop on Thanksgiving and 123 million planned to hit a store sometime during the weekend, according to a a survey by the International Council of Shopping Centers and Goldman Sachs. ICSC Chief Economist Michael Niemira said consumers thought Thanksgiving “would be an earlier opportunity to find bargains.”
Nirvana for deal-hunters, Black Friday is also when merchants traditionally start turning a profit for the year.
Consumer confidence is 25 percent better than last year, West Palm Beach-based FTI Consulting Inc. said in its 2012 Retail Report. Holiday shopping for November and December is expected to grow about 4.5 percent, FTI said, which jibes with the National Retail Federation’s prediction of 4.1 percent to bring in $586.1 billion. The Florida Retail Federation predicts a 5.2 percent increase in the state.
NRF surveys showed Black Friday crowds may be down, unless shoppers were swayed by the specific store ads.
Ken Nadelman, store manager at the West Palm Beach BrandsMart, said he thought the crowds dropped off more than last year between 2 a.m. and 7 a.m., but customers were heavy at midnight and surged again once daylight broke Friday.
“I still think they’re counting on the best deals, but it just seems there’s less people shopping,” he said.
Drew Garrell, regional vice president for Macy’s, visited stores in Boynton Beach, Wellington and Boca Raton between midnight and 6 a.m. and said he thought customer traffic was the same or better than last year. Early shopping hours are very popular, he said.
“It seems to have caught on,” Garrell said. Employees were asked to volunteer if they wanted overnight hours, he said.
Wellington Green mall and Boynton Beach Mall opened at midnight, and people lined up to get in, just like the big box stores.
“We had 45 stores that opted to open at midnight,” Wellington Green Marketing Director Rachelle Crain said. “At least 400 people were waiting to get into the mall at midnight. We did not expect to have so many people.”
About 600 people waited to get into Boynton Beach Mall and the first 200 got free coffee, Marketing Director Pam Kluge-Rada said. By 5 a.m., she had to change into her flip-flops. Coffee and cold caffeine fueled many shoppers through the wee hours, and stir fry was the breakfast of champion shoppers by 7 a.m.
“Of course, Auntie Anne’s was busy all night,” Kluge-Rada said.
Terri Taylor of Tequesta was disappointed with the slim crowds early Friday as she hit Legacy Place in Palm Beach Gardens at dawn.
“We are so sad because we got up at 4 a.m. to go to Target, and there was no one there and everything was gone,” Taylor said. “We would have had to kick my parents out to go early last night.”
However, nearby Urban Outfitters was “mobbed” at 4 a.m. when it opened at Downtown at the Gardens, said Sara Abbott, 16, and Magen Balius, 13.
“When they opened the doors, everyone started screaming,” Abbott said. “I was like, ‘Is Justin Bieber here or something?’”
Several men stopping by outdoors store Gander Mountain off Northlake Boulevard about 9 a.m. bristled at being called “Black Friday” shoppers, insisting it was their only stop for the day.
“Honestly, I can’t consider myself a Black Friday shopper,” said dad Harry Boessman, whose son Ryan wanted the $25 pellet gun. “People camping out and whatnot is crazy to me.”


Source : http://www.palmbeachpost.com

American Eagle, Gamestop among Bay City Mall stores drawing Black Friday crowds ahead of store openings

American Eagle, Gamestop among Bay City Mall stores drawing Black Friday crowds ahead of store openings





Shoppers took advantage of the Bay City Mall's 10:30 p.m. opening on Thursday, Nov. 22 to line up outside of their favorite stores in their quest to secure Black Friday bargains.
In response to the crowds and deals at nearby stores, American Eagle opened its doors at 11:00 p.m., moving up from its planned midnight start.

"We're looking to capitalize on that," said Josh Steadman, American Eagle assistant manager.

Steadman added that the big draw for his store was the 40 percent off the entire store offer which he said was "close to our associate discount."

A few dozen people were milling around outside the Bay City 8 Movie Theater prior to the gates opening, according to head manager Terri Reagle.

"Some would get popcorn and hang out in the lobby," Reagle said, adding that a few of the tables were filled when she arrived for her shift at 6 p.m.

Assistant manager Abbey Gradowski compared the crowds present at last year's Black Friday sales to the Battle of Helms Deep from "Lord of the Rings."

"People give thanks, then beat each other up," Gradowski said.

While business on Black Friday was about the same as in past years according to Reagle, she added that the release of the final movie in the "Twilight" series last week "was our own Black Friday." 

Farther down from American Eagle, Drew Dutcher, Zak Koehler, Drew Kemp and Michael Herman waited outside Gamestop for the store's midnight opening. The big draw for Dutcher were the extra discounts for trading in used games.

"Its 30 percent off if you bring back certain titles, and 25 percent for any trade-in," he said, adding that he, along with the rest of his friends, would be engaging in "people watching" in the mall.

The group noted that they were considering purchasing the new Halo, Call of Duty and Assassin's Creed games for Xbox 360. 


Source : http://www.mlive.com

Victoria’s Secret, Revealed: Good Old-Fashioned Media Savvy

Victoria’s Secret, Revealed: Good Old-Fashioned Media Savvy




The real Victoria’s Secret? Retro marketing. While competitors envy the brand's social media savvy, the intimate-apparel chain is more focused on generating buzz the good old-fashioned way: TV. It's continuing its annual blow-out network television holiday fashion show with its signature “Angels” appearing bejeweled in Swarovski crystal-decorated lingerie strutting the catwalk in stiletto heels:
Last year, the special received its highest rating in a decade, 11.5 million viewers, and most of them women. VS “Angels,” a cornerstone of the brand’s image, are also featured in catalogs, in-store and in advertisements, while its website features a “VS All Access” section about them, a list that includes supermodels Adriana Lima, Miranda Kerr and alumni Tyra Banks, Gisele Bundchen and Heidi Klum.
As Bloomberg puts it, “Unlike brands that hire celebrities to market their apparel or design new lines, modeling for Victoria’s Secret launches careers.”  
The TV show is “essentially an hour-long commercial, and really, that is unheard of,” said Erika Maschmeyer, analyst at Robert W. Baird & Co. to Bloomberg. “There are a lot of places to buy intimate apparel, but there’s no other place that has such a strong brand connotation to it and I think the fashion show is definitely a part of that.” 
Viewers can’t buy the elaborate costumes designed around themes like “Circus,” “Calendar Girls” and “Silver Screen Angels,” but the allure works as their online and catalog sales rose 4% to $1.56 billion last year, and overall revenue at Victoria’s Secret’s 1,000-plus stores rose 14% to $4.56 billion. 
“One model wears a multi-million dollar bra gift set in the show each year, an illustration of the event’s opulence and the brand’s aspirational nature. This year’s set, valued at $2.5 million, was made with more than 5,200 precious gems, including sapphires, rubies and diamonds, in 18-karat rose and yellow gold,” reports Bloomberg. 
The Victoria’s Secret Fashion Show 2012 airs on CBS, Tuesday, Dec. 4th, 10/9c. Too bad there’s only one bra available for $2.5 million.
VS is parent company Limited’s largest brand (followed by Bath & Body Works) and its chief executive officer, Les Wexner, is the longest-tenured CEO in the S&P 500, with successful spin-offs including the Limited stores, Abercrombie & Fitch, and Express Inc.
“The models chosen are very specifically ones that women can relate to or feel comfortable around and have personalities,” said, Marcie Merriman, director of brand strategy and planning for Victoria’s Secret from 2001 to 2003. Both Klum and Banks have hosted television shows. 
The fashion show costs about $12 million to produce but “pays for itself” in marketing reverb, as Jennifer Davis, analyst with Lazard Capital Markets told Bloomberg.
The VS brand is still reeling from last year’s scandal, “Victoria’s Secret Revealed in Child Picking Organic Cotton,” also reported by Bloomberg last year. 
“By the time Clarisse picked her first harvest in 2010, Victoria's Secret was becoming the fair trade program's only buyer instead of the most prominent, according to Georges Guebre, the program's leader. An executive for Victoria's Secret’s parent company says the amount of cotton it buys from Burkina Faso is minimal, but it takes the child-labor allegations seriously.”


Source : http://www.brandchannel.com

How Bloomberg Businessweek Predicts Obama Will Look in 4 Years

How Bloomberg Businessweek Predicts Obama Will Look in 4 Years



Businessweek took a number from Newsweek editor Tina Brown's penchant for provocative covers for its presidential election issue this week -- digitally aging both candidates face for alternate lead stories.

Re-elected Tuesday night, a grayed President Barack Obama graced the magazine's front page, looking similar to Brown's portrait of late Princess Diana photoshopped to look 50.

"This issue of Bloomberg Businessweek reports on the road ahead for President Obama as he faces the fiscal cliff and crucial decisions for the future of the economy, business, and defense," the editors wrote. 

considerable, and no matter how successful he is, the hardest job in the world will take its toll."

But knowing the magazine's team would have to wait long into the night to find out the elections, it prepared an alternate cover, featuring a wrinkled Gov. Mitt Romney.

Businessweek made a splash last week with its cover story on Hurricane Sandy. The newsweekly printed a photo of a flooded Manhattan street and wrote the headline: "It's Climate Change, Stupid" in bold letters across the front.


Source : http://www.thewrap.com

Old Navy brings back Chevy Chase and the Griswolds in 'Christmas Vacation'-themed holiday ads

Old Navy brings back Chevy Chase and the Griswolds in 'Christmas Vacation'-themed holiday ads


Photo/Video credit: Warner Bros.

Old Navy is helping customers celebrate Christmas with the Griswolds once again.
The company is releasing a batch of holiday-themed TV spots that will feature Chevy Chase (hot off the news he's leaving "Community"), Juliette Lewis, Beverly D'Angelo and the rest of the cast from "National Lampoon's Christmas Vacation." Old Navy already has "Star Trek" star George Takai appearing in its Black Friday ads, and the Griswold family is the next step in its holiday campaign.
"We have a strategy this season to be doing it all the way, larger than life. Gifts all the way; Cheer all the way," Michelle Wlazlo, global senior VP-adult merchandising and licensing and interim chief marketer tells Ad Age. "When we thought about how we would bring Christmas to our audience with the next round of celebrities, there's no family that's more all the way than the Griswolds."
The first TV spot released will show Chase reprising his role as Clark Griswold as he tries to flip the switch on the Griswold family's Christmas lights -- a reenactment of this famous scene. This news comes not long after Entertainment Weekly reunited the "Vacation" cast for the magazine's reunion specials back in October.


Source : http://blog.zap2it.com

Cowboys ready to give another it try

Cowboys ready to give another it try


If any team is due to win a Central Coast Section semifinal game it’s probably the Salinas High football team.

The Cowboys will play their fifth semifinal game in five years tonight against Hollister at 7 p.m. at Salinas High Stadium. They’ve lost at this stage of the season in their past four tries. One of those semifinal defeats came against Hollister in 2009, 14-13.

“We have not played our best football on those days,” Salinas coach Steve Goodbody said earlier in the week. “When you get to this point of the season it comes down to who is the better team that day.”

Salinas was the better team against Hollister on Oct. 5 when it prevailed 26-6. But as far as Goodbody is concerned it’s a whole different ballgame tonight.

“We prepare for the team in the white jersey,” he said. “We’re preparing for the team we see on film. It’s a different team.”

Hollister will be playing in its fourth straight semifinal game, and it has fared only slightly better than Salinas. The Balers lost in the semis last season and 2010, but beat the Cowboys in 2009. Hollister also lost a semifinal game in 2006.

Should the Cowboys win tonight they would advance to a CCS title game for the first time since 2001 where they just happened to have beat Hollister, 7-6, in the D-II final.

The championship game for Divisions I, II, III and IV are all scheduled for Saturday, Dec. 1, at a time and place to be determined.

Two other Monterey County teams will also be involved in semifinal games tonight.

Seaside, the No. 1 seed in D-IV, is home to Menlo School while Monterey, the top seed in D-III, plays Aptos at Monterey Peninsula College.

Seaside (11-0) is trying to become just the second public school football team from Monterey County to finish with a perfect record in the last 23 years. Carmel was the first county public school team since North Monterey County in 1989 to finish unbeaten, untied in 2009 when it went 12-0.


Source : http://www.thecalifornian.com

Latest Black Friday deals and info

Latest Black Friday deals and info



Best Buy

Will open on midnight Thanksgiving night.

Toshiba WiFi Blu-ray player for $39.99
Samsung Galaxy Tablet with $20 Best Buy gift card for $179
Nikon Coolpix 12.1 megapixel camera for $120
Big Lots

Stores open 7am- 9pm Thanksgiving Day

Simmens Rocker Recliner   $189  save $110
Android 4 8" Tablet   $78.88
60 in. media fireplace with remote $399.99  save $399
Spend $50 and get $10 off your next purchase  Thurs., Fri. and Saturday

WEB EXTRA | 10 useful hints you can't afford to miss

Bon-Ton Stores

Online Door Busters begin at 8 a.m. on Wed., Nov. 21- before Thanksgiving.  Stores will open at Midnight on Friday, Nov. 23 (Thanksgiving night)

Reversible Down-Alternative Comforter - any size  $19.97  Reg.  $120-$160
Large Pet Beds from John Bartlet Pet  $9.97  Reg. $30
60% off Men's sweaters from Izod and Chaps  $20- $27   Reg. $50-$69.50
Burlington Coat Factory

Stores open Friday 6 a.m.

Wide variety of coats starting at $16.99
Queen bedding sets $49.99
COMPLETE COVERAGE | See all of our Black Friday news & info h ere

Dollar General

Open Thanksgiving 7am-6pm, Black Friday open at 7am

J.C. Penney

Stores open at 6 a.m. on Friday

Boots for $25, coats for $30, scarves for $4
Juniors jackets- assorted styles- $20
Liz Claiborne pajama sets $12
K-Mart

Kmart will open at 6am-4pm on Thanksgiving with a first round of sales and then start another round of sales at 8 p.m. to 3 a.m  and again on Friday 5 a.m. until 11 a.m.

Kohl's

Stores open at 12 a.m. Friday, Nov. 23

Shoppers can purchase Black Friday deals online starting Wednesday, Nov. 21.  All Kohl's shoppers will earn $15 Kohl's Cash for every $50 spent online or in store during the "Operation: Black Friday" event.

$34.44  Misses Apt. 9 cashmere sweater - Reg. $125
Save 50 percent on entire in-store stock of toys from many manufacturers including Fisher-Price, Playschol, Barbie, Disney Princess, Tonka and many more.
Macy's

Opens at Midnight on Black Friday  specials from Midnight til 1 p.m Friday. Online specials Thursday through Saturday.

Puffer jackets for girls and boys $16.99
Comforters plus two pillows  $39.99


Office Depot

Office Depot will open Friday morning at 5 a.m. Customers making  in-store on online purchase of $10 or more will receive bounceback Mystery SurPrize Coupons - prizes range from $10 to $250.

HP Envy dv6 Laptop  $499.99
Lenovo G585 Laptop  $279.99
Targus Stylus for iPad and tablets $4.99


Radio Shack

$10 in coupons for all orders $50 or more.

Free Ground Shipping on all orders $50 or more through 12/17.

Samsung HM 1200 Bluetooth headset $12.99
American Red Cross Eton Solarlink Radio  $69.99
Amazon Kindle Fire HD 7”  16 GB tablet   $199.99
Target

Opening at 9 p.m. on Thanksgiving Day.

iPad 2 for $399.99 with a bonus of a $60 gift card.
19 inch Polaroid LED TV $109.99
Toys R Us

Select locations will open at 8 p.m. on Thanksgiving night.

A $20 Toys R Us Gift card, plus $30 iTunes card, if you buy a fourth generation iPod Touch

Barbie Escalade electric ride-on car: $269 ($100 savings)

Fisher-Price Grand Dollhouse: $39 (was $79)

Wal-Mart

WalMart gave its Facebook followers a preview of its Black Friday sales by posting them on their Facebook page. Walmart stores will open at 8 p.m. on Thanksgiving and will offer an in-store guarantee on three of the most sought after items:

iPad2  for $399  and receive a $75 gift card
Emerson 32”  HDTV for $148
$38  LG Blu-ray player
The deals kick into high gear at 8 p.m. and new offers will be introduced at 10 p.m. followed by more discounts offered on Black Friday at 5 a.m.


Jain Gets Silent Treatment as Bankers Eat Humble Pie

Jain Gets Silent Treatment as Bankers Eat Humble Pie



Deutsche Bank AG co-Chief Execut Anshu Jain says telling people he works in banking is a conversation-killer.

Deutsche Bank AG (DBK) co-Chief Executive Anshu Jain says telling people he works in banking is a conversation-killer at parties, as the industry fails to convince the general public that it’s changing.


“If you go to a party these days, you’re asked what you do and you say you’re a banker, people go all quiet,” Jain said before a conference on Europe’s finance industry began in Frankfurt. “We’re still the subject of anger.”

Europe’s top banking executives met in the continent’s financial capital this week to discuss the industry’s future. Among the most hotly-debated topics was how lenders can regain the public’s trust, battered by taxpayer-funded bailouts and the deepest slump since World War II.
Carl Graf von Hohenthal, a consultant at public relations firm Brunswick Group, says there’s a perception that bankers are earning too much and not helping to raise living standards across economies after the crisis squeezed spending power.
“Bankers should explain why they’re relevant, they need to be part of a dialogue,” von Hohenthal said in a telephone interview from Berlin yesterday. “There’s a lot of complaining but one really has to ask what the alternative is.”
Lost Trust
An Ernst & Young LLP study of more than 28,500 retail bank customers in 35 countries in March found 40 percent of those questioned had lost trust in banks over the past year while 22 percent gained confidence.
“We bank practitioners need to admit our mistakes,” Commerzbank AG (CBK) CEO Martin Blessing said in a speech in Frankfurt today. “The general public still seems to be convinced that not much has changed.”
The collapse of Lehman Brothers Holdings Inc. in September 2008 wiped as much as $16 trillion off equity markets, erasing returns from pensions. While monetary easing by the European Central Bank has boosted the liquidity financial markets needed to function, it’s also helped push inflation to an average 2.5 percent in the euro area. Investors get about 1 percent on savings placed in German deposit accounts. Unemployment in Spain and Greece is exceeding 25 percent after the countries’ economies failed to cope with the economic slump.
Bankers should be “aware of their role and the resulting responsibility,” German Finance Minister Wolfgang Schaeuble told the conference.
Among the events at this week’s conference was a panel entitled “Regaining Trust in Banking -- The Banker of the Future,” where top executives debated what they needed to do to restore public favor.
‘Scapegoat’
Wolfgang Kirsch, chief executive of German co-operative lender DZ Bank AG, said a night on the town in Frankfurt can often involve convincing people he’s doing his best to contribute to the recovery.
“There’s a significant danger of being made a scapegoat if you tell people you work in banking,” Kirsch told conference participants. “Clients may also be voting on that with their feet these days.”
The global decline in jobs is being reflected in the finance industry. Employment in London’s banks is expected to drop to a 20-year low in 2013 as firms shrink operations and shed staff. Employment may decline to 237,000 next year compared with 354,000 in 2007, the Centre for Economics and Business Research said earlier this month.
Sharing the Pain
“London has lost more than 100,000 jobs, but that is not the public’s perception,” Gillian Karran-Cumberlege, partner at recruitment firm Fidelio Partners, said by telephone from London. “People think that banks caused the financial crisis and that they didn’t share the pain.”
Jain and his fellow CEOs are cutting costs and laying off staff as they follow orders by regulators to boost reserves of capital and liquidity to help stave off another crisis. The funds might otherwise be used to fund loans to consumers and businesses, or to invest in capital markets.
Investment banks will cut another 40,000 jobs and bonus payouts may be “permanently lower,” Munich-based Roland Berger Strategy Consultants GmbH said in a report this week. A third of global banks will shrink, leaving fewer than 10 with a worldwide footprint, it said.
Deutsche Bank paid an average 332,785 euros ($429,300) in salary and bonuses to its 15,184 investment and transaction bankers last year, down from 378,659 euros in 2010, according to company data. That’s more than 10 times the average wage in the German economy, figures published by the Organization for Economic Cooperation in Europe showed. Employees in retail banking get paid considerably less than investment bankers.
Curbing Compensation
Three percent of the audience participating in a poll at a conference panel in Frankfurt today said curbing compensation should be the biggest priority for CEOs. Increasing capital and changing industry culture, with 36 percent and 30 percent respectively, rated as the most critical, according to the instant electronic survey.
Jain earned 5.81 million euros in salary and bonuses last year as head of corporate and investment banking compared with 7.55 million euros in 2010. He became co-CEO in June.
Almost one-fifth of employees in London’s financial district don’t expect to receive a bonus in 2012 compared with 11 percent in 2011, according to a survey by recruitment website eFinancialCareers.
Deutsche Bank has named a panel of business executives to review its compensation system “to place it at the forefront of cultural change in the industry,” Jain and co-CEO Juergen Fitschen said last month.
Back Office
Oliver Wagner, who leads an association of foreign banks doing business in Germany, said executives should keep telling people what bankers do each and every day.
“Most bankers do very normal business and work in the back office,” he said. “We have to show what we do in payments, what we do cross-border and what we do by working with companies that expand abroad. Then we’ll get more understanding of our jobs. We have to be role models.”
Jain turned down a request by the German parliament to testify at a hearing next week about allegations of manipulation of the London interbank offered rate. Stephan Leithner, his most senior executive for compliance, will attend instead, the bank said two days ago. Deutsche is one of at least a dozen banks being probed. Barclays Plc (BARC) Chief Executive Bob Diamond resigned in July after his bank was fined 290 million pounds ($462 million.)
Deutsche Bank never asked for a state bailout during the financial crisis and Jain says he’s still glad he went into banking.
“I’ve always been proud of what I did for a living,” Jain said in Berlin on Nov. 17.


Source : http://www.bloomberg.com