BBC announces pay freeze and no bonuses for managers

Wednesday, January 28, 2009

More than 400 senior managers within the United Kingdom’s BBC, which employs around 28,500 people, have been told that they face a real-terms pay cut as bonuses and pay rises are scrapped this financial year.

Tuesday’s announcement said that bonuses will not now be paid and pay rates will stay fixed until 2010. The BBC’s executive management board, including Director-General Mark Thompson, his deputy Mark Byford and the Director of BBC Vision Jana Bennett did not take their bonuses for 2009 and have already had their pay frozen. Senior staff will have their bonus plan abandoned whilst junior staff have been told to expect any pay increases to be modest.

The BBC is under budget constraints after receiving a licence fee settlement below the amount management felt it required. Coupled with the effects of the credit crunch, the BBC is believed to need to find £1.7bn in savings between now and 2013 but has seen a further £450m shortfall develop. Initial plans to sell important BBC buildings have been put on hold since the falls in the property market in 2008. The planned pay freeze could save £20 million but risks angering unions who are seeking a general increase of £1,800 per person. Gerry Morrissey of BECTU, the broadcasting union, has already mentioned the possibility of industrial action. He told Sky News, “We have never been in favour of bonuses being paid so believe this should happen every year, and the money go towards eradicating low pay.”

The Press Association quotes Mark Thompson as telling staff “A strategic contingency exercise, led by a senior group of managers, has been looking at what additional funds are needed should we need to put aside additional funds to cover our current estimate of the financial risks we face… We need to be in as strong a position as possible if we are to deliver distinctive content and meet our key strategic projects, such as moving to the new Broadcasting House, moving network production to the nations and funding our broadband future.”

The pay freeze will not affect the Corporation’s highest paid on-air talent, who are on individual contracts.

Wikinews interviews Brian Moore, Socialist Party USA presidential candidate

Sunday, March 30, 2008

While nearly all cover of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

As a non-partisan news source, Wikinews has impartially reached out to these candidates, who are looking to become the 43rd person elected to serve their nation from 1600 Pennsylvania Avenue NW. Wikinews’ own Patrick Mannion corresponded with the Socialist Party USA nominee and candidate, Brian Moore via e-mail.

Filmmaker releases trailer for open source feature film

Wednesday, May 3, 2006

New filmmaker Solomon Rothman has released a trailer for his upcoming full length open source film called ‘Boy Who Never Slept.’ Both the movie and the trailer are offered under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 license. The movie is set to be released at the end of May.

The film centers on the life of an insomniac writer who meets a teenage girl online, and a friendship that grows into an unlikely love story wrapped in harsh reality. The movie deals with various issues, including the romanticization of love, age-related issues in relationships, like statuatory rape (he’s 23, and she’s 16), and the idea of love in the online realm.

Rothman, a writer, amateur filmmaker and web designer, lives in the Los Angeles Area. He wrote, directed and produced the movie with Aurora Mae, his girlfriend and partner. Producing the movie for $200 while they were in college, they used friends as actors and later sold the camera on eBay to recoup the expense.

Rothman has spoken about the power of the internet as a distribution source for movies and has said “I believe it’s possible that this movie I shot with no budget and released online for free could potentially reach as many viewers as a major theatrical release.”

Rothman and Mae started out with the idea of creating a full-length movie that could be shared totally for free online. The film includes a custom soundtrack and script, both of which will be released open source as well.

The trailer is available on the official movie website[1] and can also be found on Google video, YouTube.com, Ifilm.com, AddictedClips.com, and the Internet Movie Archives.

Romania, 14th most attractive country for business relocation

Tuesday, February 8, 2005

Bucharest, Romania – According to the Economist Intelligence Unit, Romania was the 14th most preferred country in the world for foreign companies looking to relocate their activities. This confirms Romania’s growing attractiveness for foreign investment.

The study examined the conditions in sixty countries, and took into account nine categories of indices: geographical proximity, political and security risks, economic stability, legislation, taxation, labour costs and skills level, and infrastructure. The scores given to the countries ranged from 1 to 10, 10 being the highest. The final composite score was calculated as a weighted average of the scores of the nine indicators. Some indicators, such as labour costs, had more weight than others.

Romania’s final score was 7.08 points, edged out in Europe by only Bulgaria (7.08 points), Slovakia (7.12 points) and Czechia (7.26 points). Romania’s strengths lay in the workforce cost category, where it received a score of 9.49, and in the geographical proximity chapter, where is received 8.35 points. It also scored well in the categories of economic stability and political and security risks, with 7.2 points each. The country’s weaknesses were mainly in the infrastrucutre chapter, where it received just 4.6 points.

Romania is further expected to improve its score in the coming years, as the effects of its new 16% flat tax rate on personal income and corporate profit come into effect, and as the country joins the European Union in 2007.

The worldwide leader in attractiveness for business relocation was India, with 7.76 points, due mainly to very low labour costs, high skill levels and a stable legal system. India edged out China by a considerable margin, with China being ranked second, with 7.34 points. China lags behind India mainly due to its lack of a well-developed legislative system.

Surprisingly, wealthy countries such as Japan, Norway and Denmark ranked very low, mainly due to their very high cost of labour.

MetLife to acquire Travelers Life and Annuity from Citigroup

Monday, January 31, 2005

Metlife announced on 01/31/05 that they were going to acquire Travelers Life and Annuity from Citigroup. Travelers Life and Annuity is an insurance underwriter. MetLife is a large life insurance and annuities underwriter. MetLife will have to borrow a lot of money to pay for the company, so rating agencies like S&P warn that the AA credit rating of MetLife might be lowered. This would cause the interest rates at which all of MetLife’s debt must be repaid to increase.

Citigroup committed to continue distributing Travelers life insurance and annuities through its Smith Barney stock brokers, Primerica agents, and Citibank branches.

Citigroup was previously known as Travelers Insurance before it bought Citicorp. First the Property and Casualty business of Travelers was spun off, and now the life insurance division has been sold off. This is primarily because insurance underwriters get a lower price to earnings multiple from the stock market because of the cycles and uncertainty associated with the insurance business. Also, having an insurance underwriter and a bank together does not usually create “cross-sell” opportunities, because consumers and businesses almost always buy life insurance and annuities through brokers who have a duty to give them other options. Citigroup will continue to sell insurance through its brokers as before.


New movies, 9 September 2005

Friday, September 9, 2005

A look at some of the movies set to be released in North America, the week of 9 September, 2005.

Note, “fresh” or “rotten” refer to the movie’s Rotten Tomatoes rating, based on North American critical reviews. The higher the percentage, the greater the percentage of critics that liked the movie.

Contents

  • 1 The Exorcism of Emily Rose
  • 2 The Man
  • 3 Also new to theatres
  • 4 Sources

Israel Journal: Is Yossi Vardi a good father to his entrepreneurial children?

Thursday, December 20, 2007

Wikinews reporter David Shankbone is currently, courtesy of the Israeli government and friends, visiting Israel. This is a first-hand account of his experiences and may — as a result — not fully comply with Wikinews’ neutrality policy. Please note this is a journalism experiment for Wikinews and put constructive criticism on the collaboration page.

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Dr. Yossi Vardi is known as Israel’s ‘Father of the Entrepreneur’, and he has many children in the form of technology companies he has helped to incubate in Tel Aviv‘s booming Internet sector. At the offices of Superna, one such company, he introduced a whirlwind of presentations from his baby incubators to a group of journalists. What stuck most in my head was when Vardi said, “What is important is not the technology, but the talent.” Perhaps because he repeated this after each young Internet entrepreneur showed us his or her latest creation under Vardi’s tutelage. I had a sense of déjà vu from this mantra. A casual reader of the newspapers during the Dot.com boom will remember a glut of stories that could be called “The Rise of the Failure”; people whose technology companies had collapsed were suddenly hot commodities to start up new companies. This seemingly paradoxical thinking was talked about as new back then; but even Thomas Edison—the Father of Invention—is oft-quoted for saying, “I have not failed. I have just found ten thousand ways that won’t work.”

Vardi’s focus on encouraging his brood of talent regardless of the practicalities stuck out to me because of a recent pair of “dueling studies” The New York Times has printed. These are the sort of studies that confuse parents on how to raise their kids. The first, by Carol Dweck at Stanford University, came to the conclusion that children who are not praised for their efforts, regardless of the outcome’s success, rarely attempt more challenging and complex pursuits. According to Dweck’s study, when a child knows that they will receive praise for being right instead of for tackling difficult problems, even if they fail, they will simply elect to take on easy tasks in which they are assured of finding the solution.

Only one month earlier the Times produced another story for parents to agonize over, this time based on a study from the Brookings Institution, entitled “Are Kids Getting Too Much Praise?” Unlike Dweck’s clinical study, Brookings drew conclusions from statistical data that could be influenced by a variety of factors (since there was no clinical control). The study found American kids are far more confident that they have done well than their Korean counterparts, even when the inverse is true. The Times adds in the words of a Harvard faculty psychologist who intoned, “Self-esteem is based on real accomplishments. It’s all about letting kids shine in a realistic way.” But this is not the first time the self-esteem generation’s proponents have been criticized.

Vardi clearly would find himself encouraged by Dweck’s study, though, based upon how often he seemed to ask us to keep our eyes on the people more than the products. That’s not to say he has not found his latest ICQ, though only time—and consumers—will tell.

For a Web 2.User like myself, I was most fascinated by Fixya, a site that, like Wikipedia, exists on the free work of people with knowledge. Fixya is a tech support site where people who are having problems with equipment ask a question and it is answered by registered “experts.” These experts are the equivalent of Wikipedia’s editors: they are self-ordained purveyors of solutions. But instead of solving a mystery of knowledge a reader has in their head, these experts solve a problem related to something you have bought and do not understand. From baby cribs to cellular phones, over 500,000 products are “supported” on Fixya’s website. The Fixya business model relies upon the good will of its experts to want to help other people through the ever-expanding world of consumer appliances. But it is different from Wikipedia in two important ways. First, Fixya is for-profit. The altruistic exchange of information is somewhat dampened by the knowledge that somebody, somewhere, is profiting from whatever you give. Second, with Wikipedia it is very easy for a person to type in a few sentences about a subject on an article about the Toshiba Satellite laptop, but to answer technical problems a person is experiencing seems like a different realm. But is it? “It’s a beautiful thing. People really want to help other people,” said the presenter, who marveled at the community that has already developed on Fixya. “Another difference from Wikipedia is that we have a premium content version of the site.” Their premium site is where they envision making their money. Customers with a problem will assign a dollar amount based upon how badly they need an answer to a question, and the expert-editors of Fixya will share in the payment for the resolved issue. Like Wikipedia, reputation is paramount to Fixya’s experts. Whereas Wikipedia editors are judged by how they are perceived in the Wiki community, the amount of barnstars they receive and by the value of their contributions, Fixya’s customers rate its experts based upon the usefulness of their advice. The site is currently working on offering extended warranties with some manufacturers, although it was not clear how that would work on a site that functioned on the work of any expert.

Another collaborative effort product presented to us was YouFig, which is software designed to allow a group of people to collaborate on work product. This is not a new idea, although may web-based products have generally fallen flat. The idea is that people who are working on a multi-media project can combine efforts to create a final product. They envision their initial market to be academia, but one could see the product stretching to fields such as law, where large litigation projects with high-level of collaboration on both document creation and media presentation; in business, where software aimed at product development has generally not lived up to its promises; and in the science and engineering fields, where multi-media collaboration is quickly becoming not only the norm, but a necessity.

For the popular consumer market, Superna, whose offices hosted our meeting, demonstrated their cost-saving vision for the Smart Home (SH). Current SH systems require a large, expensive server in order to coordinate all the electronic appliances in today’s air-conditioned, lit and entertainment-saturated house. Such coordinating servers can cost upwards of US$5,000, whereas Superna’s software can turn a US$1,000 hand-held tablet PC into household remote control.

There were a few start-ups where Vardi’s fatherly mentoring seemed more at play than long-term practical business modeling. In the hot market of WiFi products, WeFi is software that will allow groups of users, such as friends, share knowledge about the location of free Internet WiFi access, and also provide codes and keys for certain hot spots, with access provided only to the trusted users within a group. The mock-up that was shown to us had a Google Maps-esque city block that had green points to the known hot spots that are available either for free (such as those owned by good Samaritans who do not secure their WiFi access) or for pay, with access information provided for that location. I saw two long-term problems: first, WiMAX, which is able to provide Internet access to people for miles within its range. There is already discussion all over the Internet as to whether this technology will eventually make WiFi obsolete, negating the need to find “hot spots” for a group of friends. Taiwan is already testing an island-wide WiMAX project. The second problem is if good Samaritans are more easily located, instead of just happened-upon, how many will keep their WiFi access free? It has already become more difficult to find people willing to contribute to free Internet. Even in Tel Aviv, and elsewhere, I have come across several secure wireless users who named their network “Fuck Off” in an in-your-face message to freeloaders.

Another child of Vardi’s that the Brookings Institution might say was over-praised for self-esteem but lacking real accomplishment is AtlasCT, although reportedly Nokia offered to pay US$8.1 million for the software, which they turned down. It is again a map-based software that allows user-generated photographs to be uploaded to personalized street maps that they can share with friends, students, colleagues or whomever else wants to view a person’s slideshow from their vacation to Paris (“Dude, go to the icon over Boulevard Montmartre and you’ll see this girl I thought was hot outside the Hard Rock Cafe!”) Aside from the idea that many people probably have little interest in looking at the photo journey of someone they know (“You can see how I traced the steps of Jesus in the Galilee“), it is also easy to imagine Google coming out with its own freeware that would instantly trump this program. Although one can see an e-classroom in architecture employing such software to allow students to take a walking tour through Rome, its desirability may be limited.

Whether Vardi is a smart parent for his encouragement, or in fact propping up laggards, is something only time will tell him as he attempts to bring these products of his children to market. The look of awe that came across each company’s representative whenever he entered the room provided the answer to the question of Who’s your daddy?

Atlantic storm Danielle strengthens to hurricane force

Tuesday, August 24, 2010

Tropical Storm Danielle is now a Category 1 hurricane, with winds up to 130 km/h (80 mph). The storm is headed towards Bermuda and forecasters at the National Hurricane Center in Miami, Florida expect it to strengthen over the next two days. Hurricane Danielle is the second hurricane of the 2010 Atlantic hurricane season.

North America is simultaneously threatened by Tropical Storm Frank. The 80 km/h (50 mph) storm in the Pacific Ocean is about 210 km (130 miles) south-south west of Acapulco, Mexico. Mexico has issued a tropical storm watch in the area.

Hurricane Danielle formed near the Cape Verde Islands off the coast of West Africa, being classified as Tropical Depression Six. It then developed into a more organized cyclone.

Meteorologists predict that Danielle will be the first of several storms to form within the next two weeks, as the Atlantic hurricane season is currently at its peak. “There are signs that the Atlantic is acting like it should in August and September. We’re seeing more activity than we did earlier in the season,” said Rick Knabb of the Weather Channel.

Even though the 2010 season seems to be one with low activity, emergency officials are still stressing safety and awareness to residents in hurricane-prone areas. “It only takes one storm to cause a loss of lives and devastating property damage,” Lauren McKeague, Florida Division of Emergency Management, says. Hurricane Andrew was a catastrophic Category 5 storm that came during a year when it was a lower-than-average season.

Irish firm issues free energy challenge to scientists

Friday, August 18, 2006

Irish firm Steorn has placed an advertisement in The Economist magazine asking for 12 scientists to test their “free energy” invention.

The Dublin based firm, founded in 2000, says it has developed technology that takes a small amount of mechanical energy and returns a bigger amount, using magnetic fields. The company’s Chief Executive, Sean McCarthy, said that they discovered the technology whilst working on generators for wind turbines used to power CCTV cameras.

The company has asked for 12 physicists to help them rigorously test their invention to prove, one way or the other, whether it works as they say it does. McCarthy claims that the vast majority of the scientists they’ve directly invited to test their device have refused, which is why they’ve resorted to the advertisement.

“Free energy” is a perennial claim of con artists and inventors, one that science has constantly battled with. The idea that a small amount of energy can return a bigger amount without drawing it from somewhere breaks the basic laws of physics, specifically the laws of thermodynamics. One common claim of the free energy ‘inventor’ is that the scientific community, the government, etc. needs to publicly verify the machine works before the inventor will sell it. The logic of this is flawed, as the device would be an instant cash cow. The inventor would be able to power his home, car, and be able to sell the energy produced to others at the market price. Devices that are claimed to exhibit this behaviour are known as perpetual motion machines. The average person’s knowledge of science (or lack thereof) is a popular weak point to exploit for con men.