Facebook stock limps into Monday

Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut.

Second-guessing continued through the weekend as analysts and others debated whether the leading social network's decision to price its initial public offering at $38 per share on Friday was overreaching or right on target.

Shares briefly climbed above $42 before skittering back down and finishing at $38.23 with the help of underwriting banks that essentially put a floor under the stock by buying back shares when they dipped to the opening price.

"It's hard to know what would have happened if the banks hadn't stepped in," said Lou Kerner of the Social Internet Fund, raising questions about what will happen to Facebook's share price when the Nasdaq reopens on Monday.

Facebook investors and insiders were big winners, reaping fortunes as the Menlo Park, California-based firm started by Mark Zuckerberg in a Harvard dorm room eight years ago went public with a value of $104 billion.

Some analysts argued that the performance of the stock meant the listing price was right on target and Facebook would have "left money on the table" if stock rocketed through the day in a show of misjudged investor demand.

Having shares hold slightly above the IPO price also avoids unrealistic expectations that big opening day gains can be sustained.

In truth, however, companies going public typically want the momentum and desirable status that comes with stock being so coveted that the price rockets from the launch pad.

"I think that the underwriters convinced Facebook to offer too much stock," said analyst Michael Pachter of Wedbush Securities. "The market didn't have sufficient appetite for the number of shares offered."

Other analysts contended that the cool response to the hotly anticipated IPO showed that investors have learned from the folly of dot-com boom days and are gauging the social network's potential to turn its popularity into profit.

Market trackers have reported that people are much more likely to click on ads at Google than at Facebook, and US auto giant General Motors said the day before the IPO that it would no longer advertise on Facebook because it lacked impact.

"The marketing community is increasingly recognizing that Facebook is of very limited value as a marketing tactic," said Pace University business school professor Larry Chiagouris.

"The best advice to investors is to pass on this one," he said. "The best advice to marketers is to limit spending on Facebook until it can prove it returns meaningful results."

Facebook has yet to show how it will cash in on members using the service from smartphones or tablet computers. Ads are only displayed when people visit Facebook from desktop or laptop computers.

"Management cannot sing and dance around the key issues," said Global Equities Research managing director Trip Chowdhry. "How is Facebook going to monetize mobile?"

More than half of Facebook's approximately 901 million users connect with the social network from mobile gadgets each month, according to Chowdhry.

Zuckerberg, who followed up the IPO by marrying his long-time girlfriend on Saturday, has made a priority of following Facebook users onto mobile gadgets.

Facebook's first day as a publicly traded company ended with news that the company had bought year-old San Francisco startup Karma, which runs a service that lets people send gifts to friends from smartphones.

Facebook did not disclose how much it paid for Karma, which will continue to operate its service.

In the weeks before the IPO, Facebook made a series of mobile moves including a billion-dollar stock-and-cash deal to buy the startup behind hot smartphone photo-sharing application Instagram.

The social network also unveiled an online center for smartphone applications synched to Facebook and bought mobile discovery startup Glancee.

It remains to be seen whether Facebook will prove to be the kind of shrewd investment that Google was when it went public in 2004.

"Should Facebook shares follow the Google route, undoubtedly there will be champagne corks popping in Silicon Valley for some time to come," said City Index chief market strategist Joshua Raymond.

"For now, though, we have seen the completion of one of the most hotly anticipated IPO's for some time, which has provided some welcome relief and a break from the woes and concerns regarding the euro crisis."

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amymillan: RT @jeffreyremedios: Leonard Cohen gifts his $50k Glenn Gould prize to the Canada Council for the arts. So classy.

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76ers even series with 82-81 win over Celts

Philadelphia 76ers shooting guard Evan Turner (12) gets past Boston Celtics forward Kevin Garnett, left, small forward Paul Pierce (34), and guard Rajon Rondo to score the go-ahead basket in the final minute of the second half of Game 2 in their NBA basketball Eastern Conference semifinal playoff series in Boston, Monday, May 14, 2012. The 76ers won 82-81. (AP Photo/Charles Krupa)

Philadelphia 76ers shooting guard Evan Turner (12) gets past Boston Celtics forward Kevin Garnett, left, small forward Paul Pierce (34), and guard Rajon Rondo to score the go-ahead basket in the final minute of the second half of Game 2 in their NBA basketball Eastern Conference semifinal playoff series in Boston, Monday, May 14, 2012. The 76ers won 82-81. (AP Photo/Charles Krupa)

Philadelphia 76ers shooting guard Evan Turner (12) gets past Boston Celtics small forward Paul Pierce (34) to score the go-ahead basket in the final minute of the second half of Game 2 in their NBA basketball Eastern Conference semifinal playoff series in Boston, Monday, May 14, 2012. The 76ers won 82-81. (AP Photo/Charles Krupa)

Boston Celtics point guard Rajon Rondo (9) argues a personal foul call against him during the final minute of the second half of Game 2 in the NBA basketball Eastern Conference semifinal playoff series against the Philadelphia 76ers in Boston, Monday, May 14, 2012. The 76ers won 82-81. (AP Photo/Charles Krupa)

(AP) ? After taking out the top seed in the Eastern Conference in the opening round of the playoffs, the Philadelphia 76er's weren't about to get discouraged by a one-point loss to Boston to start the second round.

The feisty Sixers learned from it and outscrapped the Celtics in Game 2, winning 82-81 on Monday night to even the second-round series.

"I think we're growing. We have a young team," said Jrue Holiday, who led Philadelphia with 18 points. "I can't preach enough on our vets, really, just taking us under their wings and just keeping us focused and paying attention to detail ? the little things that helped us win this game."

Lots of little things added up to one very big win for the Sixers, who let another fourth-quarter lead slip away in Boston, but this time fought to take it right back. Philadelphia fought off every run the Celtics made down the stretch.

"We just found a way," Philadelphia coach Doug Collins said. "All season long we couldn't win these games and now our guys are believing they can do it. And it is pretty special to watch."

Game 3 is Wednesday in Philadelphia, where the Sixers are 3-0 in the playoffs. The city hasn't hosted a second-round game in nine years and will be welcoming home a confident, young group of players who have shown the kind of grit Philadelphia fans love.

"We knew to expect the same type of game," said Evan Turner, whose layup with 40.4 seconds to play put Philadelphia ahead to stay. "We did what we needed to do to win this game, just like we didn't the first time around."

Turner's layup gave the Sixers a 76-75 lead and Philadelphia clinched it by going 6 for 6 from the free throw line over the final 12 seconds.

Turner finished with 10 points, Jrue Holiday scored 18 and Andre Iguodala added 13 points, seven assists and six rebounds for the Sixers, who blew a 10-point fourth quarter lead in the Celtics' Game 1 victory.

Philadelphia failed to hang on to the lead again, but this time the Sixers outplayed the Celtics down the stretch.

Game 3 is Wednesday in Philadelphia.

Philadelphia won its first playoff game in Boston since 1982 despite committing a playoff-high 19 turnovers and getting outrebounded 47-36.

"We're keeping our composure. We're keeping our confidence and know it's going to be grind-out games," Iguodala said.

Every time the Celtics appeared to have regained the momentum, the Sixers came up with an answer. After trailing by eight points entering the fourth quarter, Boston's Kevin Garnett tied it at 65-all on a turnaround jumper with 4:33 to play. The Celtics had the Sixers on the verge of a turnover when Paul Pierce blocked Lou Williams and the ball went out of bounds with just .9 seconds left on the shot clock.

No problem.

Lavoy Allen got the inbounds pass and banked in a shot from 22 feet and the Sixers were back in the lead.

"Well, the clock was down to point-nine seconds. I did what I could," Allen said.

Garnett scored 11 of his 15 points in the fourth quarter and finished with 12 rebounds. Ray Allen scored 17 points for Boston.

Brandon Bass had 12 points for the Celtics, who couldn't quite repeat their comeback in the series-opening 92-91 victory.

"Listen, we put ourselves in that position," Boston coach Doc Rivers said. "You put yourself in position to let someone else do something, then you can lose games and that's what happened."

Philadelphia led 57-49 entering the fourth, but Boston tied it twice before going up 72-71 on Avery Bradley's 3-pointer, setting off a series of shots from beyond the arc.

Holiday answered with a 3 for the Sixers, then Ray Allen got the lead right back for the Celtics on a 3-pointer with 1:40 left. The Celtics had a chance to extend the lead after forcing the Sixers into a 24-second shot clock violation, but Rajon Rondo missed a shot and Iguodala got the rebound, leading to Turner's layup to put the Sixers up 76-75.

"We gave them a couple shots that if we could get back we would love to have back," Ray Allen said.

Rondo and Allen both missed shots that would have put Boston ahead, then Rondo fouled Turner with 14.4 seconds left. The Celtics fouled Turner again with 12 seconds and he hit both free throws to extend the lead to 78-76.

"We knew it'd be a close game. We just needed to get stops down the stretch and we didn't," said Pierce, who finished with seven points. "The third quarter really hurt us. We couldn't score, and then Turner made some tough shots down the stretch."

Notes: The Celtics scored the first nine points. ... Boston made its first five shots, not missing until Spencer Hawes blocked Bradley's attempt 3:24 into the game. ... Rondo had eight assists in the first half, including alley-oop setups for Greg Stiemsma and Ryan Hollins, who had to reach behind his head for the pass but still corralled it for the two-handed dunk to put the Celtics up 33-29. ... Holiday led Philadelphia with 13 points in the first half. He was the only Sixer to score in double figures in the first two periods. Hawes was the next closest with six points. ... The Sixers had lost their last seven playoff games in Boston, last winning on May 23, 1982, in Game 7 of the Eastern Conference finals.

Associated Press

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Imira's Toons Take Over Latin America | Animation Magazine

May 15, 2012 by Ramin Zahed divider image
imira-entertainment-logo-150 Barcelona-based Imira Entertainment has sold over 200 hours of its animated shows to Latin America and Spanish-speaking U.S. networks. In pan-Latin America deals, Pay TV channel Yups has acquired Jonathan M. Shiff & ZDF Enterprises’ Scooter, Secret Agent (26X26′) and Shaftesbury’s Baxter (13X30′) for all territories excluding Argentina & Brazil [...] -->

Barcelona-based Imira Entertainment has sold over 200 hours of its animated shows to Latin America and Spanish-speaking U.S. networks.

In pan-Latin America deals, Pay TV channel Yups has acquired Jonathan M. Shiff & ZDF Enterprises? Scooter, Secret Agent (26X26?) and Shaftesbury?s Baxter (13X30?) for all territories excluding Argentina & Brazil and Discovery Communications has picked up season one of Guru Studios? Justin Time for Pay TV.

In Mexico, Free TV channel Canal Once has picked up Breakthrough Entertainment?s Dino Dan (26X30?) and Imira-produced Sandra, The Fairytale Detective (52X13?). In further Mexican deals, Televisa has picked up DQ Entertainment and ZDF Enterprises? The Jungle Book(52X11?+1X60?), which has also sold to Canal Encuentro for Argentina.

Imira has also sold Spellbound Entertainment?s The Koala Brothers (39X26?) to TEVES in Venezuela and from distributor IMPS The Smurfs (163X26?) to KM Services in Nicaragua.

?We have a variety sales library full of dynamic, high-quality properties which we believe satisfy broadcaster demand, particularly in the Latin American market,? says Begona Esteban, Imira?s sales manager for Iberia, Latin America, U.S. Hispanic and Central Europe. ?The fact that we have a presence on all kids? channels in Pay TV and a considerable presence on Free TV across all markets in the region is a testament to our success.?

Sandra, The Fairytale Detective

Sandra, The Fairytale Detective


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Mailbag: It's always about health with Hamilton

Rangers slugger potentially could win Triple Crown, but he's rarely played a full season

Image: Josh HamiltonAP

The Texas Rangers' Josh Hamilton has hit everything thrown at him this season, NBCSports.com contributor Tony DeMarco writes.

ASK THE BASEBALL EXPERT

updated 5:07 p.m. ET May 15, 2012

Tony DeMarco

Baseball Expert Tony DeMarco has been covering the big leagues since 1987, and been casting Hall of Fame ballots for the last 14 years. He answers questions weekly here:

Q: Josh Hamilton is leading the majors in all three Triple Crown categories. When was the last time a player did this in May? What is the record for fastest to get to 20 home runs by either games played or at-bats?
? John K. Wright, Plano, Texas

A: As premature as it is to make Triple Crown comparisons in May, we can only watch in amazement at Hamilton.

His recent week (May 7-13) is one of the top 10 in history: .467 batting average (14 for 30), nine homers and 18 RBI. Of course, it always helps when you hit four homers, drive in eight runs and amass 18 total bases in one game.

Hamilton has hit everything thrown at him. The HRs came on six different pitches: fastball, curveball, sinker, slider, changeup and cut fastball.

It's also hard to believe how much Hamilton is leading in each of the three AL Triple Crown categories.

Through Monday, Hamilton's .400 average led runner-up Derek Jeter's by 33 points, his 18 homers were six more than runner-up Curtis Granderson's 12 and and his 44 RBI were 15 more than runner-up Miguel Cabrera's 29.

Hamilton also is leading the league in total bases, slugging percentage and OPS, and reached 18 homers in only 31 games ? fastest in history.

As for the fastest-to-20-homers list, it's topped by Luis Gonzalez (40 games in 2001), Mark McGwire (41 games in 1998) and Barry Bonds (42 games in 2001).

But what's a bit surprising is that of the three Triple Crown categories, Hamilton's weakest chance to win may just lie in home runs.

Hamilton already has won an RBI title ? 130 in 2008. He also won a batting title with a .359 average in his MVP 2010 season, and is a .313 career hitter. But he's never hit more than 32 homers in a season (in both 2008 and 2010) ? a number he'll have by the All-Star break at this pace.

And remember that last season, Hamilton hit only 25 homers in 121 games ? and amazingly finished fifth on the Rangers in that category behind Ian Kinsler, Adrian Beltre, Mike Napoli and Nelson Cruz.

Of course, health always is the vital issue, as Hamilton's season games-played totals from 2007-2011 were 90, 156, 89, 133 and 121 ? and he'll turn 31 next week. So let's just enjoy this for as long as it lasts ? and hope Hamilton can stay healthy for as close to a full season as possible.

Q: Paul Konerko consistently has been one of the better first basemen in the American League for quite some time, and he's only getting better. If he reaches 500 home runs, does he have a legitimate chance to reach the Hall of Fame?
? Jim O'Connor, Chicago

A: Konerko has put together an excellent 16-year career in which he has topped the 400-homer, 2,000-hit and 1,200-RBI marks. He's made five All-Star teams, hit at least 40 homers twice, bat .300 or better in four seasons, put together six 100-RBI seasons, and finished in the top six in MVP voting twice. All that plus above-average defense at first base and a sterling reputation as a clubhouse leader.

At 36 (37 in June) he's also enjoying a late renaissance, as two of his best seasons came in 2010-'11, and he's off to another great start in 2012. So the 500-homer mark isn't out of the question, although that's no longer quite the Hall of Fame benchmark it used to be.

Konerko is in that near-great category that will make him at best a borderline Hall of Fame candidate if he puts together at least three more very productive seasons, which certainly is possible.

And if you look at Baseball-Reference.com's list of hitters whose numbers most-closely resemble Konerko's, you'll find Tino Martinez, Gil Hodges, Derrick Lee, Jason Giambi, Lee May, Norm Cash, Carlos Lee, David Ortiz and Orlando Cepeda ? only the latter of whom is a Hall of Famer at this point, or likely to be in the future.

Q: If the definition of the strike zone is from the letters to the bottom of the knee caps, why do you rarely see a strike called above the belt?
? Josh P, Asheville, N.C.

A: The latest official rule book definition of the strike zone (and it's changed over the years) reads as follows: "That area over home plate, the upper limit of which is a horizontal line at the midpoint between the top of the shoulders and the top of the uniform pants, and the lower level a line at the hollow beneath the knee cap."

As for how pitches actually are called, that's on the umpires. In the last half-dozen or so years ? coinciding with the improved strike zone diagnostic equipment being employed by MLB ? umpires are graded on their ball-strike calls, and things have changed somewhat.

For awhile there ? say throughout the 1990s and early into the 2000s ? nothing above the belt was called a strike. But from my observation, pitches just above the belt often are called strikes these days. But I'd say pitches at the letters still very rarely are called strikes.

As a general rule, pitchers want to keep the ball down in the strike zone, so that's the main reason why that upper limit of the zone isn't used often ? and even less often called a strike. But you want to have the option to go up there with a fastball to get a swinging strike ? a strategy many pitchers employ as a strikeout pitch.


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Kansas budget talks suspended | Hutch Post

TOPEKA (AP) ? Legislative negotiators in Kansas have suspended talks on a new state budget with major issues still unresolved.

House and Senate negotiators have been working for weeks to reconcile differences between the chambers over the roughly $14 billion budget for the fiscal year that starts in July. But no talks were scheduled Tuesday, and it wasn?t clear when the negotiators would meet again.

Issues still on the table are plans to provide cities and counties with funding for property tax relief, and how to finance an increase in state aid to public schools.

Budget negotiations often bog down during the Legislature?s annual wrap-up session as other issues become intertwined in the debate.

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Economic growth in China has not meant greater life satisfaction for Chinese people

Economic growth in China has not meant greater life satisfaction for Chinese people

Tuesday, May 15, 2012

Despite an unprecedented rate of economic growth, Chinese people are less happy overall than they were two decades ago, reveals timely new research from economist Richard Easterlin, one of the founders of the field of "happiness economics" and namesake of the Easterlin Paradox.

In 1990, at the beginning of China's economic transformation, a large majority of Chinese people across age, education, income levels, and regions reported high levels of life satisfaction. Sixty-eight percent of those in the wealthiest income bracket and 65 percent of those in the poorest income bracket reported high levels of satisfaction in 1990.

But life satisfaction has fallen dramatically among the poorest Chinese in the last two decades, according to the study, reflecting a growing unease about emplyment prospects and the dissolution of the social safety net.

Despite happiness parity just twenty years ago, the percentage of the poorest Chinese who say they are satisfied with their lives has fallen more than 23 percentage points. Only 42 percent of Chinese people in the lowest income bracket reported high levels of life satisfaction in 2010, while, at the same time, the percentage of the wealthiest Chinese who said they were satisfied with their lives grew about 3 percentage points, to 71 percent.

The paper, appearing the week of May 14 in the Proceedings of the National Academy of Sciences, comes on the heels of the revelation that the Chinese government has not released an official report about wealth distribution in the country in more than a decade.

"There are many who believe that well-being is increased by economic growth, and that the faster the growth, the happier people are. There could hardly be a better country than China to test these expectations," said Easterlin, University Professor and Professor of Economics at the University of Southern California.

"But there is no evidence of a marked increase in life satisfaction in China of the magnitude that might have been expected due to the enormous multiplication in per capita consumption," Easterlin said. "Indeed people are slightly less happy overall, and China has gone from being one of the most egalitarian countries in the world in terms of life satisfaction to one of the least."

Overall, life satisfaction among Chinese fell sharply in the early 1990s, bottomed out in the 2000s and has since recovered to about the same or slightly lower levels of individual happiness ? despite the largest period of economic growth in history and a quadrupling of China's GDP per capita. The analysis uses a wide range of data sets on self-reported life satisfaction and is the first to track happiness trends in China over a long period (from 1990 to 2010) rather than using simple comparisons of points in time.

The overall downward trajectory in life satisfaction among low-income people in China, the most populous country in the world, is similar to observed trends in the transition countries of central and eastern Europe, and in both areas reflects the emergence of substantial unemployment and the dissolution of the social safety net, correlating to declining satisfaction in particular areas of life such as household finances and health.

On one of the surveys included in the latest PNAS analysis, people in China were asked a general question about how they viewed their own health. In 1990, a majority of Chinese people in both the wealthiest bracket and the poorest bracket rated their health as "good" or "very good" ? with only a four percentage point divide across income levels. By 2007, the divide in perception about personal health had grown to 28 points, driven by a decline in self-reported health among the poorest Chinese and an increase among the wealthiest.

"One may reasonably ask how it is possible for life satisfaction not to improve in the face of such dramatic per capita economic growth," said Easterlin, a member of the National Academy of Sciences and the American Academy of Arts and Sciences. "There is more to life satisfaction than material goods, and there is an important policy lesson here for the Chinese government and policymakers generally: among ordinary Chinese people, especially the less educated and lower-income, jobs and income security, reliable and affordable health care, and provision for children and the elderly, are of critical importance to life satisfaction."

###

University of Southern California: http://www.usc.edu

Thanks to University of Southern California for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

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Internet Marketing Services Brand Your Business | domain name ...

Posted in domain name exchange by admin - May 01, 2012

Learning and applying the top strategies for promoting your products and services online is undoubtedly the key to branding your business, dominating the internet, and increasing your profits. The more efficient your internet marketing services techniques are, the better you will be able to reach out to your numerous potential customers and hence boost up your company sales and income. Here is how your business can make more money through effective internet marketing services campaign:

1.The first thing you need to do is to ensure you have a proper website design and optimize its contents for the appropriate search keywords. If you want your website to be classified by Google, Yahoo, MSN, and other search engines as highly searchable through the use of keywords by web surfers, it is better you make sure its content is easily readable by both search engine bots and human online surfers. Search engine WebCrawler will rank your website higher if the optimized keywords and key-phrases of the web content are highly relevant to web surfers? search quests.

2.Once you have a proper website design and relevant content, make sure this content is updated on a regular basis. Ensure you have fresh content to serve your website visitors each time they access your website. Therefore, relevant and high quality articles, video, and podcasts must be posted to your site on a daily or weekly basis at most.

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These are a whole range of important tasks that have the capacity to brand your business and generate more profits for you if carried out professionally as internet marketing services gurus would do. In fact, if your website design meets professional standard, that alone is the first step in setting the stage for good business but where it fails, it is more difficult to correct it in the final format. Hence, make sure your internet marketing services professionals have the right skills to build the right website design, make your business dominate the internet, and make you more money.

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