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Obama on Oil Markets

President Obama was trained in law, not economics, but we’d have thought he’d have picked up at least some basic knowledge about the dismal science in his six years in the White House. It sure didn’t sound like it based on his soliloquy about oil markets in his end-of-year Friday press conference. The President was asked what he might do if the new Congress sends him a bill approving the Keystone XL pipeline. Mr. Obama dodged that one. But he did ruminate at length on the market impact of “Canadian oil” that he said would... ...  

Berkshire Hathaway's multi-million dollar real estate company debuts

Berkshire Hathaway's multi-million dollar real estate company debuts Locally owned and operated, Prudential PenFed Realty has joined forces with Warren Buffett’s Berkshire Hathaway HomeServices Real Estate Brokerage Network to form Berkshire Hathaway HomeServices PenFed Realty in Santa Rosa Beach. The full-service brokerage joins a growing roster of affiliates that have transitioned to the network since September 2013. Berkshire Hathaway HomeServices now counts nearly 34,223 agents and 1,056 offices operating in 47 states. The brokerage network was named 2014 “Real Estate Agency Brand of the Year” by consumers in the 26th annual Harris Poll EquiTrend® study and “Startup of the Year” among all U.S. industries at the 2014 American Business Awards. Broker and regional vice president Royce Mitchell sees the transition as an opportunity to further grow his successful company in and around Florida’s Emerald Coast.  Berkshire Hathaway is a worldwide holding company based in Omaha, Neb. Its chairman and CEO is Warren Buffett, often referred to as the “Oracle of Omaha,” who according to Time magazine’s ranking is among the world’s most influential people. Berkshire Hathaway is the No. 1 company in Barron’s 2013 ranking of the world’s 100 most respected companies; it ranks at No. 8 in Fortune magazine’s 50 Most Admired Companies survey; and is No. 18 in...  

Victory with a fright (67-80)

FC Barcelona recorded another victory in the Euroleague this Friday on an evening that was not without drama on and off the court. A bomb threat at half time in Athens led to the OAKA centre being evacuated with both teams being led off to a ...  

Current Cybersecurity Disaster Is an Industry Call to Action (Guest Blog)

Getty ImagesContent protection CEO calls for more strenuous efforts to protect intellectual propertyThe latest Hollywood disaster epic has pushed cybersecurity and piracy issues to the top of the entertainment industry’s agenda.The massive cybersecurity attack (or is it terrorism?) is a powerful call to action for the industry’s leadership to develop strategic initiatives against a common foe. The breach — the second to rock Hollywood in the past six months — has forced us to focus as never before on effective methods to mitigate the risks posed to our most valuable resources: our people and our intellectual property.In the face of these extraordinary, headline-grabbing circumstances, now is the time to come together to address the many threats to the economic livelihood of one of the world’s most important business sectors.Among these threats is that every big feature film and television series produced today may be easily and freely available via pirate channels to every Internet user worldwide within days of its release. And, equally disturbing, people who would otherwise be happy to pay to see it find it simply too easy to watch pirated versions.Having long grappled with how to best protect their intellectual property, content providers turned to technological, legal and educational approaches to combat piracy after regulatory attempts failed. Very smart, dedicated technology professionals at the major studios have devoted many years of...  

Acme Packet Vets Raise $12M for Stealthy Startup, 128 Technology

The entrepreneurs behind one of the biggest corporate buyouts in Boston’s technology sector are getting their team back together with a new startup whose name hints at the region’s critical role in an earlier computing revolution. Andy Ory and Patrick MeLampy, co-founders of the former IP communication tech company Acme Packet, are listed respectively as the CEO and COO of a new company called 128 Technology, Inc. The startup surfaced this week in an SEC filing that shows it has raised $12 million from unnamed investors. Reached by phone on Friday, Ory declined to comment on any details behind the company or its fundraising. “We’re in stealth mode,” he said. Judging by their professional online profiles, however, we do know that 128 Technology is stocked with another half-dozen or so veterans of Acme Packet, which was purchased by Oracle for $2.1 billion in early 2013. Ory Outside of Ory and MeLampy, 128 Technology counts at least four more people who list themselves as co-founders: Chief Software Architect Michael Baj, VP of Engineering Bob Penfield, VP of Product Management Patrick Timmons, and VP of Solutions Architecture Prashant Kumar. MeLampy refers to this large roster on his own LinkedIn profile, saying that he’s “the co-founder (with 6 other brave souls) of 128 Technology.” (Which means I must be missing a co-founder in my online sleuthing so far.) Several oth...  

Managing the downside risk of low oil prices is crucial for Malaysia, says ...

FALLING crude oil prices have roiled markets worldwide, stirring a lot of noise about the outlook for the future, in particular, of oil-producing countries like Russia and Venezuela, and even, Malaysia. While the debate continues to rage about the direction of crude oil prices and whether the rout is going to end anytime soon, experts will tell you that predicting oil prices is a notoriously difficult challenge. “It is very difficult to project oil prices; there are a combination of real (structural) effects and speculative activities driving the direction of the prices of the commodity,” Ulrich Zachau, World Bank’s country director for South-East Asia, explains to StarBizWeek in a recent interview. Without trying to pinpoint the bottom of the crude-oil slump, Zachau, who was in town over the week to launch the latest edition of the World Bank’s Malaysia Economic Monitor entitled Towards a Middle-Class Society, says he does not expect to see global crude oil prices to stabilise in the near term. “Oil prices are highly volatile ... we expect continued volatility, with wide swings between high and low oil prices,” he argues. Downside risk Global crude oil has lost nearly half of its value since June on sluggish global demand amid rising supply, driven by US shale output and the unwillingness of the Organisation of the Petroleum Exporting Countries (Opec) to cut production. Having shed about 49%, crude oil prices are currently trading be...  

China's high-speed rail gets World Bank vote

The mainland's high-speed rail has a promising initial traffic, the World Bank said in a paper released yesterday, praising the world's fastest expanding high-speed rail system again after another paper in July said construction costs of high-speed rail in the country are a third lower than in other places. The new paper said the mainland's high-speed rail traffic reached 672 million trips last year, increasing four times from 2008, and that more than 2.9 billion passengers had taken a high-speed train trip in the country between April 2007 and October this year. "China has the world's largest and still expanding high-speed rail network, but whether ridership would materialise has been the subject of much debate," the World Bank said. "Traffic can be expected to continue rapid growth over the coming two decades." The bank has supported six railway projects with design speeds ranging from 200km to 350km per hour. Railways with maximum speed of 250km per hour or more are considered high-speed. "In 2013, China's high-speed rail lines carried more passenger-kilometres (214 billion) than the rest of the world combined, about 2.5 times the volume in Japan and four times the volume in France," the lender said. The paper is one of a series the World Bank has done over the years to evaluate the economic impacts of high-speed rail projects in China. It presented case studies of one of the busiest routes and a relatively lightly used intercity route, and conducted a survey together with...  

Roma Vs AC Milan (Italy Serie A)

AC Milan will be trying to continue their winning streak even further when they take on Roma in their next match. Roma VS AC Milan live streaming will be available on both TV Channels and internet. We bring you those broadcasting TV Channel list with possible lineup for this match, preview, prediction, date and time of this match. Match Information – Match of – Roma VS AC Milan Type – Italian Serie A Date – December 20, 2014 Time – 7:45 pm GMT Venue – Stadio Olimpico TV List – Super Sport Kosova 1, beIN Sports Arabia 11 HD, beIN Sports Arabia 3 HD, Setanta Sports Eurasia, ESPN Caribbean, Star SPOrts 4 Asia, beIN Sports Connect Arabia, ESPN Cono Sur, AZTV and many other channels will be broadcasting this match throughout their localities. The full list is available on the internet. Possible lineup – The most probable lineup for this match is – Roma – Ggervinho, Ljajic, Florenzi, Keita, Pjanic, Nainggolan, Yanga-Mbiwa, maicon, Astori, Holebas, De Sanctis Milan – Menez, Bonaventura, Honda, Poli, Montolivo, Jong N, Armero, Rami, Mexes, Bonera, Lopez Head to Head – Milan and Roma met 44 times before this match. Among these matches Milan won 15 while they lost 14 matches. The other 15 matches between them ended in draw. However in terms of scoring goals, Roma is slightly ahead of Milan. The last time these two opponents met the score was 2-0 on Roma’s favor. Preview – In my eyes M...  

Portland Community College opens business center; Regional Arts & Culture ...

jackiebabicky.jpg Jackie Babicky-Peterson (right) advises a client at the Small Business Development Center opened recently at Portland Community College's Southeast Campus. (Portland Community College) AWARDS RIDGEFIELD, Wash. -- The Port of Ridgefield was named Port of the Year by the Washington Public Ports Association. The award recognizes a member that has demonstrated exceptional success in the industry. There are currently 75 member ports operating within Washington. The Port of Ridgefield was recognized for the extensive, multi-year, $90 million environmental cleanup of its 41-acre waterfront site – Millers' Landing. The site, formerly a wood treating facility, was cleared for development late last year. View full sizeMillers Landing at the Port of Ridgefield waterfrontPort of Ridgefield  The 20-year-old cleanup project is now in its final stages. Project completion is anticipated in late spring 2015. GRANTS PORTLAND -- The Regional Arts & Culture Council has awarded $693,959 in project grants for 2015. The list includes 66 grants to nonprofit organizations and schools and 80 individual artists in Clackamas, Multnomah, and Washington Counties. This year's project grants are made possible by increased funding from the City of Portland, the council's largest funding source, and the council'workplace giving program, Work for Art. Metro and Clackamas, Multnomah and Washington also helped fund these project grants. The Regional Arts & Culture ...  

Lowe Mill ARTS & Entertainment to celebrate Grand Opening of renovated North ...

HUNTSVILLE, Ala. (WHNT) - Lowe Mill ARTS & Entertainment  is preparing to share something spectacular with the Huntsville Community. It’s a milestone the Mill has been working toward for quite some time, to culminate in a celebration Saturday, December 20th. What started as a meager textile mill has transformed into a space worth bragging about. City leaders got a sneak preview of the Mill’s newest artist space Friday and WHNT News 19 got to be there for the first look. America’s biggest private arts center just got bigger — 30 percent bigger to be precise — to the tune of 31 new artists studios on the Mill’s newly renovated third-floor North Wing. Mayor Tommy Battle, Chad Emerson of Downtown Huntsville, Inc. and Judy Ryals of the Huntsville-Madison County Convention & Visitors Bureau were among those touring the facility. Impressing the Mayor is always a plus and the sentiment from Tommy Battle was rather apparent. “Is this too cool,” Battle grinned as he walked around to shake hands and welcome artists to their new homes. Nestled in the ‘Rocket City,’ a place often lauded solely for its contributions to research, science and technology, Battle explains Lowe Mill and its artists deserve a place at the trophy table, as well. “You know, from the engineering comes the arts and a lot of that engineering is artistic ability and this is a way to have an outlet for it. Two...  


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