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Employees Want a Bigger Piece of the Bloomberg Terminal Pie

Bloomberg LP employees are riled that the financial data giant is doling out lower-than-expected pay for 2011 despite a 10.5 percent jump in overall revenue, sources said.

The company, founded by Mayor Mike Bloomberg, said revenue rose $720 million, or 10.5 percent, to $7.59 billion during a tough year for its biggest Wall Street clients, according to an internal memo obtained by The Post.

The company, known for its ubiquitous financial terminals on trading floors, said it fell short of its own internal sales targets, to which employee pay is tied.

Read MORE http://trade.cc/advh

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Cheers to Jamie Oliver: McDonald’s Will Remove Pink Slime AKA Ammonium Hydroxide Out of Thier Burgers…I mean Hockey Pucks

An additive found in household cleaning products to kill bacteria will now be removed from MickieD’s hockey pucks. This does not mean I’ll eat that crap….but hay it is better for you.

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ATTENTION SCUMBAGS ON CELL PHONES: BROADWAY ACTORS WILL KICK YOUR ASS!

(via NY POST)

For anybody who’s ever been annoyed by some idiot texting near them in a dark theater, seeing justice done is sweet. But never more colorfully or symbolically so than at a recent performance of the off-Broadway play “Freud’s Last Session,” in which one transgressor was reprimanded by the father of modern psychology himself.

“There was a lady texting in the front row,” says actor Martin Rayner, who plays Sigmund Freud in the show, which is at New World Stages.

“It’s very distracting, especially in such a small theater. I decided at some point I had had enough of it, and I turned to her and said, ‘Stop texting!’ and carried on. She was stunned. I think my partner onstage was stunned, too, because I stuck it in the middle of a line!

WIREIMAGE
Hugh Jackman, “A Steady Rain,” September 2009: “You wanna get that? Come on, just turn it off. Don’t be embarrassed, just grab it. You got it? All right, great.”

It got a cheer,” Rayner recalls.

“I think a lot of audiences hate those people sitting next to them texting.”

That moment of triumph seems indicative of a growing resentment of the boorish, entitled smartphone addicts who seem to pop up at every movie or live performance these days. The common wisdom in years past has been to simply ignore such bad behavior, or accept it as an unfortunate side effect of our perma-online culture.

Lately, though, fed-up patrons and performers are pushing back — such as conductor Alan Gilbert of the New York Philharmonic, who recently stopped the orchestra in the midst of a climactic moment in a Mahler symphony when an iPhone marimba ringtone sounded in the front row.

“Are you finished?” he asked. The tone went on. “Fine, we’ll wait.” When it finally stopped, Gilbert apologized to the rest of the audience, saying he usually ignores such things, but that “this was so egregious that I could not allow it.”

And a recent viral video from a violin concert in Prague shows another way of fighting back: When a cellphone rings, the annoyed violinist deftly picks up the tune and plays a few bars of it before switching back to the concerto.

Most of the time, though, we must content ourselves with an impotent whispered request — often ignored — or else face the daunting challenge of causing an even bigger public disruption than the phone hog.

“One of the great ironies of manners is that the people who enforce them often have worse manners than the initial violators,” says Henry Alford, author of the new etiquette book “Would It Kill You To Stop Doing That?”

Nevertheless, Alford is all in favor of combating the scourge of smartphone rudeness sweeping the nation. For inspiration, look to high-profile stage performers such as Hugh Jackman, Patti LuPone and Kevin Spacey, all of whom have stopped mid-show to chastise techno-rudeness. In May, Frances McDormand was at a pivotal moment in her Tony-winning performance in “Good People” when a cellphone rang — and its owner answered it. McDormand reportedly stopped, put her arm around her co-star and said, “Let’s wait.” Which she did, until the oblivious patron realized what she’d done and stashed the phone.

Occasionally, someone will take it to the next level. When hairdresser Wyatt Raymond took his visiting niece to a movie in Times Square, he says, “about five minutes into the movie, you hear someone talking on her cellphone. The guy in front of me stands up, looks for the person, sees her, and reaches over and closes her phone. She gets up and starts shouting, ‘You don’t do that! You don’t touch someone’s phone!’

“He waves her away and she picks up her very large soda and throws it at him. It didn’t actually hit him — it hit the guy next to him. Who grabs his soda and throws it at her!”

When all involved parties had been escorted into the lobby, the rest of the audience simply laughed it off, Raymond reports. But not all moviegoers are so forgiving.

“I think it’s really the theater’s responsibility. They should warn people on the first offense, and then on the second offense they should pull the person out by the ear and kick them in the ass, hard!” says one Manhattan movie publicist, who asked to remain anonymous.

The likelihood of having to deal with these disruptions in a movie for which you’ve paid upwards of $14, he suggests, is largely to blame for this year’s plummeting ticket sales ($500 million less than the previous year, and a 16-year low for the industry, reports Hollywood.com). “Why pay all that money to go to the movies when you can wait a couple of months to watch in the comfort of your own home?” says the publicist, whose livelihood depends on people not doing that.

So why aren’t more movie theaters following the example of the Alamo Drafthouse theaters in Texas, which famously boot patrons for texting or talking? This summer, they made one indignant woman’s angry voice mail into a public service announcement for the chain: “I’ve texted in all the other theaters in Austin, and no one ever gave a f - - k!” she rants in the spot, which concludes with a message: “Thanks for not coming back to the Alamo, texter!”

The viral video has obviously struck a chord with the public: it’s got nearly 2.5 million hits on YouTube. “We probably kick out about 100 people a year from our 10 locations,” says Alamo owner Tim League.

A spokesman for the AMC chain assures The Post that New York cinema managers “do periodically check auditoriums to make sure there’s no distracting texting going on,” though anyone who’s been to a show in Times Square lately may take issue with that assertion.

A spokeswoman for the Clearview Cinemas chain in New York, meanwhile, didn’t respond to our request for comment.

Broadway theaters and fine arts performance spaces always make announcements asking patrons to turn off their phones, but even this explicit instruction doesn’t seem to get through to everyone. At Lincoln Center Theater, “before the show begins and during intermission the ushers walk up and down the aisles asking everyone to be sure to turn off their electronic devices,” says spokesman Philip Rinaldi.

But many theater owners seem oblivious to just how deeply most patrons despise those little lap-lights. Exhibit A: the plan to have a block of “tweet seats” in select Broadway shows. The director of promotions for the current revival of “Godspell” has said the production intends to try out this idea.

The very thought makes Stephen Bienskie’s blood run cold.

The actor, who plays Buffalo Bill in the off-Broadway show “Silence! The Musical,” says he’s always stunned when patrons whip out their phones mid-performance, whether to text, talk or take pics.

Although Bienskie says he’s been known to stop mid-line and wait for a phone to stop ringing, there are some moments when it’s simply not possible to break character and yell at violators.

“I get to the end of the number and I reveal myself,” says Bienskie, who is seminude for a few seconds during the show, “and I see about 10 cellphones come up in the audience. How do you combat that?”

Still, Bienskie thinks the tide may be turning.

“People are starting to speak up,” he says.

“Audience members get as outraged as we do, and think nothing of turning to someone and saying, in so many words, to turn their phone off and have some respect. People will actually jump on them pretty quickly.”

Read more: http://trade.cc/adjj

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5 Corporate Takeaways from the Papa John’s “Lady Chinky Eyes” Debacle $PZZA

(via GroundFloor Media)

It’s a new year and time to dust off your social media crisis plan. Need motivation? Just check out how Papa John’s is mired in the damage caused this week when a single tweet started a media firestorm.

An unofficial count found nearly 500 news hits covering the Papa John’s story. It began with a 10-word tweet from a customer, accompanied by a twitpic of her Papa John’s receipt that referred to her as “lady chinky eyes.”

The customer is the communications manager for ProPublica, a nonprofit investigative journalism outlet.

Now there are calls for boycotts, and phone lines at this particular upper Manhattan franchise are overloaded with prank calls from people ordering Chinese food.

Papa John’s Twitter account went from ebullient tweets about reaching 2 million Facebook fans and giving away free pizzas to posting hundreds of responses about the incident, saying over and over: “We are very upset by recent receipt issue in New York & sincerely apologize to our customer. Franchise employee involved is being terminated.”

The issue was compounded when an employee was quoted in the media as saying, “I think the lady put it out there just to get some attention—some people like that type of attention. I truly don’t think it’s fair. It’s been taking up all our time. It’s been very disruptive.”

I bet it has.

Using this particular incident as a jumping-off point, here are several tips that should be included in any social media crisis plan:

Take immediate action. The speed at which bad news spreads on social media is mind-boggling. Companies need to have a response plan that cuts through the red tape and offers an immediate and appropriate response.

Show sympathy. On social media, an apology goes a long way. No company can manage what every employee does, but it can have policies in place to keep crises from happening. Linking to the policy and getting rid of the employee who breached it are good first steps.

Have one official spokesperson. Route all calls to an official spokesperson, one who knows the messaging. Front-line employees are busy with their jobs and may not be aware of the potential repercussions of their comments.

Ensure it won’t reoccur. Learn from the crisis, and put measures in place to minimize the chances of its happening again.

Think bigger picture. A reputation takes a long time to heal, but grand gestures can help. In the case of Papa John’s, maybe a generous donation to a relevant charity might be on point.

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ProTip: Don’t Eat the Shellfish on a Plane, Regardless of Your Street Cred DMX

(via TMZ)

DMX – Busted by Bad ShellfishRushes to Hospital

0126_dmx_EX_01DMX had the plane ride from Hell last night — throwing up all the way from Miami to Charlotte, and then rushing straight to the hospital after landing.

According to DMX, he had some “bad shrimp” at his baby mama’s house in Miami before he got on a plane — commercial — and then spent most of the flight tossing his cookies in the lavatory.

X tells us … as soon as he touched down he went to Gastonia Memorial Hospital outside of Charlotte … by limousine. Puking, but still balling!!

X spent about four hours in the emergency room getting treated for food poisoning, and then headed home.

No limo ride home though. A friend picked him up.

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Chinese Police Open Fire on Tibetans

Reports say that Tibetan protesters stormed a police station with knives and petrol bombs and as a result the police opened fired upon them. This is the second day of deadly clashes.

Full article

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Billionaires Occupying Davos as Richest 0.01% Bemoan Inequality of Incomes

By Matthew G. Miller – Jan 25, 2012 2:18 AM ET

Ukrainian billionaire Victor Pinchuk wants to talk about income inequality. So does Irish billionaire Denis O’Brien and Indian billionaire Vikas Oberoi.

The three are among a contingent of at least 70 billionaires who are joining more than 2,500 business and political leaders at the World Economic Forum’s annual meeting in Davos, Switzerland, this week, according to a list of attendees and promotional materials obtained by Bloomberg News. A half-dozen of the richest participants, interviewed in advance of the conference, say economic disparity needs to be addressed.

“Many who will be in Davos are the people being blamed for economic inequalities,” Oberoi, 42, chairman of Oberoi Realty Ltd. (OBER), India’s second-biggest real estate developer by market value, said in an interview earlier this month by mobile phone from his car in Mumbai. “I hope it’s not just about glamour and people having a big party.”

Oberoi, who’s attending Davos for the first time, and like- minded billionaires may have trouble finding the subject of income inequality on the agenda. While the forum’s Global Risks 2012 report, published this month, describes “severe income disparity” as the world’s top risk over the next 10 years, tied with fiscal imbalances and ahead of greenhouse-gas emissions, the word “inequality” appears only once in the event’s 130- page program, and that’s in the title of a panel about art.

Read the rest here.

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Greenlight’s Einhorn Fined $11 Million in the U.K. for Trading on Inside Information

David Einhorn and Greenlight Capital Inc. were fined 7.2 million pounds ($11.2 million) by the U.K.’s financial regulator for trading on inside information in Punch Taverns Plc (PUB) in 2009.

Einhorn, Greenlight’s 43-year-old chairman, was told of Punch Taverns’s plan to sell equity by a broker representing the company, theFinancial Services Authority said in an e-mailed statement today. He then sold more than 11 million Punch Tavern shares over the following four days, avoiding losses of about 5.8 million pounds for the fund, the regulator said.

“The big name and the big number” are what the FSA wants, Louise Hodges, a financial-crime defense lawyer at Kingsley Napley LLP in London, said in a telephone interview today. “It looks like it’s more a case of he should have known, rather than he did know,” his actions were illegal.”

Full article

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LINEBACKER RAY LEWIS WITH SOME AWESOME PERSONAL FINANCE ADVICE

(via TMZ)

I Don’t Trust My Baby Mamawith My Money!

0125_ray_lewis_getty_EX
NFL superstar Ray Lewis admits he fathered an 11-year-old boy in Florida … and he’s totally willing to provide support — with one caveat … he doesn’t want the baby mama to get her hands on the money.

According to court documents filed in Florida, Lewis has an ongoing paternity case over his son with a woman named Sharnika Kelly. In court papers, Lewis acknowledges being the father, but the issue of support is slightly more contentious …

According to the docs, Lewis is hesitant to fork over money to Kelly because he says she has an outstanding judgment against her in a civil case … totaling over $1,000,000.

In the docs, Lewis says he has “grave concerns about the Mother’s character” and feels she’ll siphon off money meant for his son … either to pay off her debt or support her other child … not Ray’s.

Lewis is asking the court to establish a guardianship for his son to manage any support Lewis eventually pays.

The couple had a hearing scheduled for last month, but Lewis had to reschedule because he had a game in San Diego. The judge has yet to rule on his request.

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Commentary: Jon Stewart is a Sniveling Little Douchebag

(via Ace of Spades HQ)

Straight-Shooter Jon Stewart: I Can’t Believe Mitt Romney Makes $57,000 Per Day
That’s So Much More Unbelievable Than My Own $41,000 Per Day

Gotta love a TV clown complaining someone else is overpaid and too rich.

“That’ses almost–that’s almost $57,000 a day!” Stewart exclaimed. “Here is the most amazing part: the guy doesn’t even have a job! That is f*cking interest! That is the kind of money that might lead a man to make stupidly extravagant out-of-touch impulse bets!”

Jon Stewart’s annual salary is $15 million per year (and I assume he’s also got interest income on top of that from previous banked salary), which is more than $41,000 per day.

Plus — interest and investment income, which is not reflected in that figure.

But he’s earned it. He was once on Remote Control or something.

$41,095 Per Day

At that level or below, you’re Middle Class.

Above that, you’re just taking too much damn money from The People.

Thanks to George.

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George Soros on the Coming U.S. Class War

Jan 23, 2012 12:00 AM EST

By John Arlidge

‘The situation is about as serious and difficult as I’ve experienced in my career.’

You know George Soros. He’s the investor’s investor—the man who still holds the record for making more money in a single day’s trading than anyone. He pocketed $1 billion betting against the British pound on “Black Wednesday” in 1992, when sterling lost 20 percent of its value in less than 24 hours and crashed out of the European exchange-rate mechanism. No wonder Brits call him, with a mix of awe and annoyance, “the man who broke the Bank of England.”

Soros doesn’t make small bets on anything. Beyond the markets, he has plowed billions of dollars of his own money into promoting political freedom in Eastern Europe and other causes. He bet against the Bush White House, becoming a hate magnet for the right that persists to this day. So, as Soros and the world’s movers once again converge on Davos, Switzerland, for the World Economic Forum this week, what is one of the world’s highest-stakes economic gamblers betting on now.

He’s not. For the first time in his 60-year career, Soros, now 81, admits he is not sure what to do. “It’s very hard to know how you can be right, given the damage that was done during the boom years,” Soros says. He won’t discuss his portfolio, lest anyone think he’s talking things down to make a buck. But people who know him well say he advocates making long-term stock picks with solid companies, avoiding gold—“the ultimate bubble”—and, mainly, holding cash.

He’s not even doing the one thing that you would expect from a man who knows a crippled currency when he sees one: shorting the euro, and perhaps even the U.S. dollar, to hell. Quite the reverse. He backs the beleaguered euro, publicly urging European leaders to do whatever it takes to ensure its survival. “The euro must survive because the alternative—a breakup—would cause a meltdown that Europe, the world, can’t afford.” He has bought about $2 billion in European bonds, mainly Italian, from MF Global Holdings Ltd., the securities firm run by former Goldman Sachs head Jon Corzine that filed for bankruptcy protection last October.

Has the great short seller gone soft? Well, yes. Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

Read the rest here.

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