Sunday, October 23, 2011

Pretty Girls from Occupy Wall Street


Hot Chicks of Occupy Wall Street from Steven Greenstreet on Vimeo.

A lot of fantastic media has been created about the "Occupy" movement. I was watching one video in particular and commented to a friend, "Wow, seeing all those super smart hot chicks at the protest makes me want to be there." He replied, "Hmmm... Yeah, let's go with that."
We instantly went to Tumblr and made hotchicksofoccupywallstreet.tumblr.com. Our original ideas were admittedly sophomoric: Pics of hot chicks being all protesty, videos of hot chicks beating drums in slow-mo, etc. But when we arrived at Zuccotti Park in New York City, it evolved into something more.

There was a vibrant energy in the air, a warmth of community and family, and the voices we heard were so hopeful and passionate. Pretty faces were making signs, giving speeches, organizing crowds, handing out food, singing, dancing, debating, hugging and marching.

It made me want to pack my bags and pitch a tent on Wall Street. And it's in the light that we created this video.

And we hope it makes you want to be there too.
EDIT: Apparently a lot of controversy has erupted online from people passionately opining (among many things) that this is sexist, offensive, and dangerously objectifies women. It was not my intent to do that and I think the spirit of the video, and the voices within, are honorable and inspiring.

However, if you disagree with me, I encourage you to use that as an excuse to create constructive discussions about the issues you have. Because, to be honest, any excuse is a good excuse to bring up the topic of women’s rights.

CAMERA: Two Canon 7Ds.
LENS: 17-55mm, 70-200mm, 18-135mm
AUDIO: Rode Video Mic Pro
Shot in 60 fps
Music: Theme from "Fast, Cheap and Out of Control" by Caleb Sampson


Wednesday, October 12, 2011

Occupy Wall Street movement: a collective, vague effort Everyone’s in charge, no one’s in charge as demonstrations persist




David Weidner/MarketWatch
Demonstrators in the Occupy Wall Street movement approach third week of daily protests.
LOS ANGELES (MarketWatch) — Standing amid 100 tents crammed on a small lawn on the Los Angeles City Hall grounds, Clark Davis is asked a simple question about the 200 or so people that have set up camp around him.
Are you the anti-tea party?
“I wouldn’t say that we’re the anti-tea party. I wouldn’t say we’re anti-anything. I would say we’re for things, we’re not anti-anything,” said Davis, the media director for OccupyLA, one of several protest movements around the country aimed at Wall Street and the wealthy. “We’re not really thinking about the tea party right now.”

Wall Street protests persist, spread

“Occupy Wall Street” protests, which show no sign of letting up and have spread from New York.
So what are OccupyLA, Occupy Wall Street and other movements like them? What do they think about? Where do they hope to get?
“Our message right now is very vague. It’s left vague, slightly intentionally,” Davis says as passing cars honk in support and news cameras lurk nearby. “What we’re trying to do is unify a voice.”
Such is life in New York, Los Angeles and other venues throughout the U.S. for those that have taken up this “vague” cause that seems to have put a bulls-eye on Wall Street’s back. Bands of mostly young adults are gathering in normally peaceful settings to generally express their outrage over the inequity between the haves and have-nots.
At New York City’s Zuccotti Park, talk among the Occupy Wall Street protesters repeated similar themes from the start of the effort last month: the gap between rich and poor in the U.S. and how the 2008 bailout of Wall Street didn’t really help Main Street, and the lack of jobs and opportunity afflicting the shrinking middle class.
What they want to do about it is unclear just yet. There is no specific agenda. There isn’t a hierarchy.
“There’s no leadership — it’s decentralized,” said Aaron Griffin, a 19-year-old from West Virginia, who joined the New York protest a week ago and has been sleeping nine hours a night in Zuccotti Park.
But the numbers getting involved in the movement seem to be growing. Protesters also claimed that similar actions are taking place in more than 200 cities around the U.S. and the world.
In some cases, political leaders seem perfectly willing to let it happen. Several Los Angeles City Council members professed support for the group earlier in the week, along with Mayor Antonio Villaraigosa. And OccupyLA seems resilient and willing to stay in it for the long haul, with the protesters planning to camp out at City Hall until they’re forced to leave.
“I live here now. I gave up my place,” said Liz Savage, a 32-year-old from New York who had been living in the L.A.’s San Fernando Valley for the past year.
Across the country, protests were mostly contained within the environs of Zuccotti Park on Friday during the day, but protesters dug in for an effort with no apparent end in sight.

Reuters
Occupy Wall Street protesters on Broadway in New York.
Approaching its third week just a few blocks from the World Trade Center, the protest seemed to go about its business on Friday at a low-key level.
No crowds or sign-holders were visible at the closest subway station on Fulton Street and at the New York Stock Exchange. And no marches or confrontations with authorities were taking place, although police completely blocked off Wall Street and Broad Street to pedestrians, kept strictly on a narrow strip of sidewalk.
Many protesters were of college age or in their 20s, but many other age groups were represented.
At the entrance to the park off Broadway and Liberty Street, David Heath, 51, of Syracuse, N.Y., held up a sign that said “Disabled Veterans Against Wall Street.” 

September, leading President Barack Obama to call the demonstrators a 'movement'.
Never too old: One man, a war veteran, joins the protests in New York with the aid of a zimmer frame
Never too old: One man, a war veteran, joins the protests in New York with the aid of a zimmer frame



Stand: About one thousand people gather and form a large "99%" in the middle of Freedom Plaza. The chant refers to the richest 1 per cent of Americans which the political right are trying to protect


Spread: Participants march with signs past the White House to the U.S. Chamber of Commerce during an
Spread: Participants march with signs past the White House to the U.S. Chamber of Commerce during an "Occupation of Washington" protest in Washington
March: Protesters march in front of the Federal Reserve Building in Dallas today
March: Protesters march in front of the Federal Reserve Building in Dallas today


Point: Occupy Wall Street protesters posing as billionaires stage a protest near Wall Street



There are no shortage of supporters in Los Angeles, and they sometimes can be pretty high-profile. Actress Rosanna Arquette reportedly stopped by to show her support during the week. On Friday, PBS talk-show host Tavis Smiley showed up alongside civil rights activist and Princeton Professor Cornel West to speak to the crowd.
“I’m not against anybody who’s rich. I’ve been poor and I’ve been rich. Trust me, rich is better,” Smiley said in an interview afterward. “At the same time, I think that these issues of poverty are not being addressed enough and so their effort just happens to dovetail with the effort that I’ve been on for most of the summer to raise the issue of poverty higher up on the American agenda.”
West, a prominent leftist philosopher, said the Occupy movement is indeed progressive-based while the tea party is conservative, but the two are divergent.
“I think the moment that the Tea Party emerged is very different than the moment right now,” West said, noting that the Tea Party has ties to big business. “Here, this is just spontaneous and leaderless.”

Is the U.S. a third-world nation?

Michael Lewis, author of the new book "Boomerang," says the U.S. and many European nations suffered a moral failure that led to economic collapse.
And serendipitous, it would seem. In L.A., a group calling itself Refund California got a fair amount of attention by staging protests in banks and at the stately homes of bank executives in tony suburbs such as Bel-air and San Marino while OccupyLA was encamped at City Hall. Representatives for both organizations say the two are unrelated, insisting the protests each has staged are coincidental.
A coalition of several activist groups, Refund California has been demanding that banks renegotiate home loans for those foreclosed upon. Some say they got the runaround after being late by only a few weeks on mortgage payments only to find a year or two later that their homes were being repossessed.
“The relationship [between the two groups] is that more and more people across the country realize Wall Street banks are to blame for the economic crisis,” said Amy Schur, state director of the Alliance of California’s for Community Empowerment. The group is one of several tied to Refund California; also involved are the Service Employees International Union and several community groups.
occupy wall st zombies
OccupyLA protesters say, however, that they’re accepting support from unions and other groups but they’re not letting anyone “hijack” their cause. There was some concern that one group had commandeered an OccupyLA Web page.
Not everyone is entirely supportive of the Occupy-ers. A group of construction workers stood at the end of Zuccotti Park in New York while they ate their lunch.
“Their methodology is questionable,” said one construction worker, who didn’t give his name. “They’re not a representation of Middle America.”
Meanwhile, the real estate firm that owns the park where protesters are camped is losing patience.
“Zuccotti Park is ... intended for the use and enjoyment of the general public for passive recreation,” Andrew Willis, a spokesman for Brookfield Asset Management BAM -0.34% , wrote in an email to MarketWatch. “We are extremely concerned with the conditions that have been created by those currently occupying the park and are actively working with the city of New York to address these conditions and restore the park to its intended purpose.”
Last week, Occupy Wall Street made headlines after 700 people were arrested in a march across the Brooklyn Bridge. Labor unions around the region have been lending supporting to the effort in recent days.
Food, clothing, books and blankets are plentiful at Zuccotti. Protesters play chess, work on computers powered by generators, and follow a routine of regular meetings.
Acoustic music rings out at times, but no loudspeakers are allowed. Instead, announcements are made verbally, not unlike town criers of yesteryear.
“We have vegan pizza...we have vegan pizza,” one announcement came at lunch time. “Eat it! Eat it!”
In Los Angeles, groggy protesters spend their day organizing the day’s events and staging live feeds online through computers donated by local unions.
Sleep is coming at a premium for many, and it’s less than comfortable. Protesters must move their tents and a considerable amount of electronic gear off the City Hall lawn at night so that sprinklers can irrigate the property. They end up sleeping on the surrounding sidewalks.
Though it’s somewhat unclear exactly what they’re fighting for, that doesn’t seem to deter those from joining. OccupyLA’s Davis says specific causes will form once the groups grow and unite.
“When we start making demands, when we start talking about the issues that we feel need to be addressed, the [hundreds] of cities across America are going to speak with one voice,” Davis said. “We’re going to let this movement mature a little bit before we start making demands.” 

Tuesday, October 4, 2011

iPhone 4S hands-on!- iPhone 4S unveils


It's not an iPhone mini or anything, but it's the first iPhone with Siri. And that has to count for something, right? Right? While it's no iPhone 5 (not even close, really), the iPhone 4S is far from being "last year's iPhone," and the greatly enhanced camera, bolstered A5 dual-core processor and inbuilt voice command should provide plenty of reason for folks to upgrade if they're near the end of their contract. Furthermore, having the option on Sprint -- despite Apple almost announcing it as an afterthought -- is bound to make folks already entrenched on the Now Network think twice about what their next phone will be come upgrade time.

We were able to spend a few quality moments with the refreshed iPhone 4 here at Apple's campus, the Sprint flavor no less, and as you might expect... it's an iPhone 4. But S-ier. Much in the same way that the3GS improved the overall experience of the 3G, the 4S does likewise compared to the existing 4. The dual-core A5 chip is a laudatory improvement, and whisking about pages, loading the camera application and launching -- well, just about everything -- just feels zippier. As it should. The other major change, the antennas, weren't readily different at a glance, but as Mr. Cook stated, you'd have to be iFixit to notice (and we're sure they will).

The most impressive part was the demo of Siri, the new assistant that lets you do just about anything you can do on your phone -- but with your voice. We tried to psych it out with a bunch of random requests, including the history of Chester, Vermont (a lovely town) and the best Ramen places in San Francisco. Siri never faltered, never missed a beat. It worked as well as Scott's demo up on the stage. There's nothing better to say than that. We even sent ourselves a few text messages, which Siri transcribed to a T. Of course, the lady on the other end still sounds eerily robotic, but we're hoping for smoother responses from the alien within in a future update.

The 8 megapixel sensor doesn't look any different from the outside, but we're trusting that Apple's re-engineered the interior. We snapped a few photos in the demo room to test and not a one came out as great as the retina-bursting contrasty pictures of balloons and flowers we saw in the demo, but then again, we didn't have any balloons or flowers to capture.

As for weight and feel? Just like the old king. We'll be updating this post with our impressions live from Cupertino, and are working to get you some better pictures to look at. Hang tight -- they're coming!

Update: Sorry, guys, but this time around Apple isn't allowing anyone to take photos or videos of the new iPhone in the hands-on area at its event. But don't worry, we'll give you all that and more when we review it in the coming weeks!

Sunday, October 2, 2011

Apple expected to up the ante with new iPhone

SAN FRANCISCO (MarketWatch) —

While Apple Inc. may be keeping its latest product unveiling low-key, the iPhone event slated for Tuesday carries major implications for the company’s largest business.
More than 15 months after the launch of the iPhone 4, Apple’s
AAPL -2.37%  smartphone business is still going strong. More than 55 million iPhones were shipped in the first nine months of the company’s current fiscal year, accounting for 45% of total company revenues for that time. While Apple doesn’t break down profitability per device, analysts estimate the iPhone delivers margins in the low-to-mid 50% range — making it by far the most profitable product in the company’s lineup.
Still, competition is growing stronger, especially from phones using Google’s GOOG -2.36%  Android operating system. And Apple has taken longer than usual to update the iPhone this time around, a fact that kept the stock relatively flat in the first half of this year.
“To get the stock right over the next year, they have to get the iPhone right,” said Gene Munster of Piper Jaffray in an interview on Friday.

Apple sets iPhone event for Oct. 4

Apple invited reporters to an iPhone-related event Oct. 4, setting the stage for the widely anticipated launch of its latest smartphone. Stacey Delo has details from San Francisco on The News Hub.
Apple has scheduled an event for Tuesday morning at its headquarters in Cupertino, Calif. While the famously tight-lipped company promised to “talk iPhone” in the invitation, it has given no further details as to what is expected.
The stock has been on an upswing of late, adding more than 22% since mid-June. Much of the upside has come on anticipation of the up-coming iPhone refresh as well as the growing dominance of the company’s iPad in the burgeoning tablet market. But the shares have remained relatively range-bound since Apple reported results for its third fiscal quarter on July 19.
Munster said the stock’s mixed performance has come largely from predictions that Apple may launch a special, low-end iPhone to go after emerging markets and segments like pre-paid services in North America. Such a move could strain Apple’s already full production capacity as well as crimp overall margins — if a low-end phone were to cannibalize sales of the regularly priced product.

Apple
Apple’s media invite for the Oct. 4 event.
“Given their production constraints, I think it would be a bad idea,” Munster said of a low-end iPhone. He believes Apple instead will lower the price of its older phones when the new one hits, as it has done in the past.
Since the iPhone 4 has remained a big-seller even past its one-year mark, many believe Apple can address other parts of the market with a lower price on the device. The company has cut the price on its last models — the 3G and 3GS — once newer products have launched.
“We are upbeat about the next iPhone but we wouldn’t be surprised if we saw the iPhone 4 remain in the line-up at lower price points to fend off the competition,” wrote Ben Reitzes of Barclays Capital in a note to clients on Wednesday.

iPhone 5?

The new iPhone to be unveiled on Tuesday will be the fifth in the product’s history, though there is some disagreement as to how the product will be designated.
Several analysts believe — and leaked images on gadget blogs suggest — that the new device will have a few outer design tweaks compared to the iPhone 4, including a larger screen, thinner body and a possible new backplate made from aluminum. 
Most also predict a new, faster processor, likely Apple’s own A5 chip that currently powers the iPad 2. Also, many believe Apple will ship the new device as a “world phone” that can use the differing wireless network standards. The company currently makes two different versions of the iPhone 4 for GSM network operators like AT&T T -1.11%  as well as one for the CDMA networks operated by carriers like Verizon. VZ -0.94%
What few expect is for Apple to incorporate 4G technology like LTE into the new device, given the limited availability of those networks. The company is widely expected to launch an LTE version of the iPhone in 2012.
Chris Whitmore of Deutsche Bank believes a lower-priced iPhone 4 will also be significant for Apple as new countries are added to its market. A lower production cost on the device would allow Apple to maintain its margins while lowering the price for other parts of the wireless market.
“An aggressive push into the mid-range will essentially double Apple’s iPhone TAM [total addressable market] in the near term and position it for more share gains in the 700M-plus unit smartphone market by 2014,” he wrote in a note to clients.

AAPL 381.32, -9.25, -2.37%

Aside from the hardware, the new iPhone is expected to be optimized for the company’s iOS 5 operating system update that is also expected to launch this month. Apple previewed the new software at its developer’s conference in June, which included the new iCloud service that synchs files across multiple devices and stores backups in the company’s cloud servers. Read full report on iCloud introduction.
The June event was also the last public appearance of Apple co-founder Steve Jobs before he stepped down from the CEO role in late August for health reasons. New chief executive Tim Cook and other top-ranking Apple executives are expected to run the event on Tuesday.
Apple is currently slated to report results for its fourth fiscal quarter on Oct. 18. Analysts expect strong results for the period, though iPhone sales may show some effect of consumers holding off purchases until the launch of the new device.
That means the December quarter will likely feel the full effect of the new iPhone, with many analysts expecting unit shipments in the 25-30 million range for the quarter. The company shipped about 16.2 million iPhones in the same period last year.
“We expect Apple to sustain its current momentum as its most recent [third fiscal quarter] results illustrate its impressive success in penetrating the Asia Pacific market and the company is ramping up in key emerging markets as well,” wrote Jeff Fidacaro in a note to clients.
Dan Gallagher is MarketWatch's technology editor, based in San Francisco.

Sunday, September 18, 2011

17 years later, ‘Lion King’ still roars

Disney animated classic returns to win box-office weekend derby

 By Russ Britt, MarketWatch
LOS ANGELES (MarketWatch) — Seventeen years after its initial theatrical release, Walt Disney Co.’s “The Lion King” returned in a new, 3-D format to beat all rivals over the weekend with nearly $30 million in box-office receipts.
Showing in 2,330 theaters, “Lion King” raked in an estimated $29.3 million, according to box-office tracker Hollywood.com. Disney’s DIS -0.09%  take was nearly double what some prognosticators had predicted for the weekend.
Hollywood.com box-office president Paul Dergarabedian said the film’s performance was a “total shocker,” as the studio itself had predicted box office of roughly $12 million for the weekend.
“Nobody expected this. This was the most underestimated film opening,” Dergarabedian said. He pointed out “Lion King’s” Saturday gross was $12 million. “That’s what people thought the weekend would be.”
Disney took a chance by re-releasing the film in the 3-D format, since a number of films designed for the 3-D screen have floundered lately, Dergarabedian said.
“This is a good PR coup for the 3-D format,” he said.
“Lion King” also was far ahead of its nearest competitor, the pandemic thriller “Contagion” from Time Warner Inc.’s TWX +0.23%  Warner Bros. unit. “Contagion” made an estimated $14.5 million in its second weekend in theaters.

Fourth place was occupied by another Disney entry, “The Help,” a drama that made $6.4 million in its sixth weekend. The drama, which has shown strong staying power, has made $147.4 million thus far.
“Lion King” is the story of a lion cub exiled from his African kingdom after his father dies who returns to assume his throne. It originally was released in June 1994. It represented the pinnacle of Disney’s revival of its animated unit under the leadership of Chairman and Chief Executive Michael Eisner and studio chief Jeffrey Katzenberg.
The film made $328 million in domestic receipts at the time, strong enough to land 24th on the all-time list. Worldwide, the film made $783 million, and is 35th on that all-time list.
“Lion King” is the strongest Disney performer of its pre-Pixar films. Only last year’s “Toy Story 3” and 2003’s “Finding Nemo” rank ahead of it in all-time worldwide receipts among Disney animated films.

Saturday, September 17, 2011

UBS hit by $2 billion loss from rogue trader

LONDON (MarketWatch) — Swiss bank UBS AG said Thursday that a rogue trader in its investment-banking division ran up $2 billion of losses, which could push the firm’s third-quarter results into the red.
Click to Play

Three Years After Lehman

Nearly three years to the day since the collapse of Lehman Brothers, WSJ Marketplace Editor Dennis Berman stops by Mean Street to discuss who the winners and losers are.
The announcement followed the early-morning arrest of a 31-year-old man in London on suspicion of ”fraud by abuse of position,” according to a statement from City of London police. The suspect remains in custody.
A spokesman for UBS CH:UBSN +5.23%   UBS +4.12%   declined to name the trader, but The Wall Street Journal identified him as Kweku Adoboli, an employee in the firm’s exchange-traded funds unit.
The bank, which has battled a string of high-profile crises over the past couple of years, said it may now report a loss for the current quarter, but added that none of its clients were affected.
Shares in UBS dropped 9.9% in afternoon trading.
According to his profile on networking site LinkedIn, Adoboli is a director of ETF and Delta One — a class of derivatives that are intended to move in very close step with the underlying asset.
Delta One is also the division at Societe Generale SA FR:GLE +3.44%  where Jerome Kerviel was a trader in 2008, when Kerviel’s unauthorized trades cost the French bank 4.9 billion euros ($6.7 billion).
In that case, Kerviel was accused of placing €50 billion of bets on stock-market futures — more than the entire market capitalization of SocGen at the time.

Latest crisis

The latest scandal for UBS comes on the back of several major setbacks in recent years.
The bank took some of the heftiest write-downs in Europe following the subprime crisis and was at the center of a recent high-profile tax-evasion scandal. It agreed to hand over the names of thousands of possible tax dodgers to U.S. authorities as part of a settlement.

UBSN 10.26, +0.51, +5.23% 2
5
The loss of confidence among clients led to a massive outflow of funds from the group’s private-banking operations, which it had only recently managed to stem.
Deutsche Bank analyst Matt Spick said a $2 billion loss would more than wipe out his current forecast for a third-quarter pretax profit of 1.5 billion francs ($1.7 billion).
On top of that, the announcement “may undo some of the reputational improvement in the private bank,” he added.
“Perhaps the silver lining is that this event could accelerate the decision-making progress at UBS on how to position and right-size the investment- banking operations within the group,” Spick said in a note to clients.
The investment-banking arm has struggled compared with rivals such as Credit Suisse Group AG CH:CSGN +4.75% CS +2.47% , leading the group to announce last month that it will cut around 3,500 jobs in the face of weaker earnings and slowing economic growth.