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Insurers unsure on transgender care

Written By Unknown on Kamis, 30 Oktober 2014 | 18.39

Four months after the state Division of Insurance put health plans on notice that denying medically necessary treatment to transgender people is prohibited sex discrimination, insurers are still grappling with what constitutes medical necessity, and patients are struggling to find doctors who'll treat them.

In a state world-renowned for its medical talent, no Massachusetts physician performs genital gender reassignment surgery, said Elizabeth M. Murphy of the Massachusetts Association of Health Plans.

"We were concerned people were having to go all over the country for this surgery," Dr. Joel Rubenstein of Harvard Pilgrim Health Care said yesterday at a Division of Insurance informational session. "We're hopeful somebody would step up to put together the surgical piece so it could all be in one place."

Under state law, health plans are required to develop evidence-based medical necessity guidelines for such procedures.

"We are determined to ... not exclude treatment for this condition," Rubenstein said.

On the other hand, he said, Harvard Pilgrim does not want to approve procedures such as facial feminization for transgender people if those procedures would be considered merely cosmetic for other people.

"If we cover them for transgender patients, we would be being reverse-discriminatory," said Dr. Robert Nierman, medical director at Tufts Health Plan.

But Ruben Hopwood of Fenway Health said facial feminization is not about wanting a "cuter nose." A transgender person's appearance is more likely to be the difference between getting a job or not getting one, and walking down the street unafraid or being attacked, Hopwood said.

Getting the proper treatment also can save money that might otherwise be spent on treatment for alcohol or substance abuse or depression, said Pam Klein, a nurse at Boston Health Care for the Homeless.


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Asia stocks meander after Fed ends stimulus

HONG KONG — Asian stock markets meandered Thursday while the dollar strengthened against other currencies after the Federal Reserve said it will end its stimulus program, as many had expected.

KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.5 percent to 15,636.60 while South Korea's Kospi lost 0.5 percent to 1,950.26. Hong Kong's Hang Seng fell 0.3 percent to 23,738.79. In mainland China, the Shanghai Composite Index was little changed at 2,372.46. Australia's S&P/ASX 200 climbed 0.4 percent to 5,468.30.

STIMULUS OVER: The Federal Reserve confirmed the end of its $4 trillion bond-buying program, known as quantitative easing, noting that the U.S. economy no longer needs as much assistance. It reiterated that "considerable time" was needed before short-term borrowing rates are raised from near zero. But it also noted the improving job market in the world's biggest economy, signaling that an eventual interest rate hike is on the cards.

THE QUOTE: "While 'considerable time' was kept, the Fed also inserted an escape clause, citing that it might raise rates sooner than anticipated if progress is faster than expected, and vice-versa. Thus, markets began to bring back pricing of the first rate hike back to June, and the U.S. dollar also rallied across the board," Mizuho Bank's Chang Wei Liang said in a research note.

WALL STREET: U.S. benchmarks ended slightly lower, with the Dow Jones industrial average dipping 0.2 percent to 16,974.31 while the Standard & Poor's 500 slipped 0.1 percent to 1,982.30. The Nasdaq composite fell 0.3 percent to 4,549.23.

CURRENCIES: The dollar rose to 109.05 yen from 108.77 in late trading Thursday. The euro slipped to $1.2624 from $1.2639.

ENERGY: Benchmark crude oil slipped 28 cents to $81.92 in electronic trading on the New York Mercantile Exchange. The contract rose 78 cents to settle at $82.20 on Wednesday. Brent crude, used to price oil in international markets, slipped 10 cents to $87.02 in London.


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The Ticker

Federal Reserve ends bond-buying program

The Federal Reserve cited an improving economy yesterday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike.

The Fed did reiterate its plan to maintain its benchmark short-term rate near zero "for a considerable time." Most economists predict it won't raise that rate, which affects many consumer and business loans, before mid-2015.

Planned Seaport 10-screen theater complex applies for liquor license

Chicago-based Kerasotes ShowPlace Theatres has applied for a liquor license for its upscale 10-screen ShowPlace ICON Theatre at the One Seaport Square development to be built in South Boston's Seaport District.

The movie theater is slated to include reserved seating and a lobby lounge serving alcoholic drinks.

A groundbreaking is scheduled for next month on the 1.1-million-square-foot One Seaport Square, which will include two 22-story apartment and retail towers. Kerasotes has a 20-year lease and will occupy about 41,375 square feet of third-floor space.

Boston Medical Center sells 3 buildings

Boston Medical Center announced yesterday it has reached an agreement to sell three buildings to Leggat McCall Properties: 660 Harrison Ave., 100 East Canton St. and 720 Harrison Ave. The agreement also includes an option for Leggat McCall to purchase 88 East Newton St. in three years. BMC will continue to occupy buildings included in the sale for varying amounts of time, consistent with clinical and administrative needs, while it completes its planned campus redesign.

Today

 Labor Department releases weekly jobless claims.

 Commerce Department releases third-quarter gross domestic product.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

TOMORROW

 Commerce Department releases personal income and spending for September.

 Labor Department releases the third-quarter employment cost index.

THE SHUFFLE

The Harpoon Brewery in Boston has announced the promotion of Charlie Storey to president. Since joining Harpoon in 1996, Storey has served as senior vice president of marketing. In his new role Storey will oversee the marketing function, Harpoon's retail and festival enterprises, and have general management responsibilities for the Harpoon Distributing Co.

 George Donnelly is stepping down as executive editor of the Boston Business Journal after 14 years in the role.


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MassChallenge gives out $1.75M

Four companies were selected as "Diamond" winners and awarded $100,000 each as MassChallenge honored its latest batch of promising startups last night.

Two companies in the social impact category — Catie's Closet, which provides clothing to students living in poverty, and Drinkwell, a company that helps turn water access in the developing world into an entrepreneurial opportunity for locals — took top honors. The other two top winners were health care companies Disease Diagnostic Group and SQZ Biotech.

John Harthorne, founder and CEO of MassChallenge, said the startups could change the world.

"You can imagine a world in which this room, we can literally catalyze a renaissance globally," he said.

Overall, 26 startups received more than $1.75 million and $10 million in services.

MassChallenge said this year's companies have already raised $68 million in venture financing, more than twice as much money as any other class. The 617 companies to go through MassChallenge in the past five months have raised $706.1 million from investors, and created 4,802 jobs, according to MassChallenge.

"(Massachusetts) is where it is happening if you have an idea about changing the world," Gov. Deval Patrick said, after accepting an award from MassChallenge for supporting innovation. "MassChallenge has been central to all of that."

Eric Schmidt, executive chairman of Google, said entrepreneurs will be key to the future of the country.

"They create jobs, they solve every known problem," he said. "I cannot think of a better use of our time than to create more entrepreneurs, get them successful, and cheer them to victory."

MassChallenge also said its next accelerator program, MassChallenge UK, will start in London in a few months.


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Rock ’em sock ’em? We got ’em

Written By Unknown on Rabu, 29 Oktober 2014 | 18.39

Two giant, menacing robots march toward each other, blasting missiles and six-inch projectiles at over 100 mph ...

No, it's not science fiction, it's what a Somerville company plans on making reality.

Part Transformers, part blockbuster movie "Real Steel" come to life, MegaBots is launching a Kickstarter campaign today to help fund the production of robots that would take ultimate fighting to a whole new dimension.

For a cool $1 million, MegaBots will build and deliver to your doorstep a customized robot, sporting your favorite colors. The company is also offering sponsored robots, for $10,000.

"We're kind of fulfilling our childhood fantasies," said Andrew Stroup, one of MegaBots' co-founders. "We grew up with robots."

"Fifteen-foot, 15,000-pound, two-legged walking robots that have two people inside, to fight each other in an arena," Stroup said. "They're in giant robots, stomping around, shooting each other."

In one scenario, as many as eight robots share the battleground in a metal-on-metal, last-robot-standing brawl straight out of a futuristic apocalypse.

"We're creating a new sports league around it," Stroup said. "Why hasn't this happened yet? The technology's here, the demand for new entertainments sports, too. We just don't know why robots don't exist in our everyday lives."

If all goes as Stroup and his sidekicks plan, their robo-league will kick off in early 2016.

The robots will duke it out to their robot deaths, with limbs falling off in a burst of pyrotechnics after the droid has sustained too much damage. MegaBots said the limbs can be reattached, so the company doesn't have to put 15,000 pounds of scrap metal out on the curb with the office trash.

Launched with the backing of an angel investor, MegaBots will build as many robots as it can with the $1.8 million they hope to raise via Kickstarter, and has already started talking to potential venues to host battles.

The bots, lumbering on six-foot-long feet, are operated by a pilot and a "gunner," who controls the weapons system on each arm. The puny humans are completely safe, Stroup insisted, using the same safety standards as NASCAR.

Stroup and co-founder Matt Oehr­lein moved to Somerville five months ago to work on Mega­Bots with the third co-founder, Gui Cavalcanti, who founded Artisan's Asylum in Somerville.

The three roboticists gave up their "day jobs" to launch MegaBots.

"It always sounds crazy to us," Stroup said. "You wake up, you put on your welding mask and you go to work, and every weld you lay down is building a piece of a giant fighting robot."


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Wynn: New casino redesign dramatic

Vegas casino mogul Steve Wynn is dangling a carrot of a redesigned $1.6 billion Everett gaming palace the likes of which "has never been seen before in any city or country" ahead of Tuesday's referendum on repealing the Bay State's casino law.

"We've taken an approach to Boston that is dramatically different than any casino presentation that has been seen in our industry historically," Wynn told investors yesterday. "Hopefully, the election a week from tonight will confirm that the legislation stands, and the voters of Massachusetts will vote no on Question 3."

Wynn — who has donated $1 million to fight the repeal effort — was tasked by the state Gaming Commission with redesigning his Everett project as a condition of the lucrative casino license it awarded him last month.

The commission said the gleaming resort and hotel tower Wynn envisioned for a contaminated industrial site on the Mystic River didn't capture the same energy as Wynn's projects in Las Vegas and Macau, where Wynn yesterday reported a 5.6 percent drop in revenue for the quarter amid political turmoil and uncertainty in Hong Kong. That was partially offset by a 9 percent gain in Las Vegas revenue, leaving Wynn Resorts with an overall 1.4 percent drop.

The design critique initially rankled Wynn, who mocked a review by the American Institute of Architects that said his design did not fit its surroundings. Wynn mused in a letter: "Perhaps we should have adopted the shape of a fuel storage tank or a big box retailer, notably the surrounding structures of our neighborhood."

Wynn spokesman Michael Weaver said renderings of the new design are not yet complete, and that any changes in the number of proposed hotel rooms or gaming positions "would come later in the process and be reported to the (gaming commission) in our monthly report."


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John Fish bites back at Olympic foes

The gloves have come off in the push to bring the Olympics to Boston in 2024, as Suffolk Construction magnate John Fish — the driving force behind the multibillion-dollar bid — yesterday ripped an opposition group as grandstanding, wet-behind-the-ears opportunists.

"They're taking a stance so they can sort of politicize the issue … it gives them a platform to be acknowledged," Fish said of No Boston Olympics, which Monday sent a letter to the U.S. Olympic Committee predicting massive cost overruns that will threaten health care, education and transportation investments. "Who are they and what currency do they have? What have they done to help Boston, and help make the commonwealth of Massachusetts a better place? All of a sudden they want to rabble-rouse. I think these people are grandstanding."

No Boston Olympics is helmed by management consultant Chris Dempsey of Brookline, a staffer on Gov. Deval Patrick's 2006 campaign who worked as an assistant secretary of transportation in his administration. The group is also led by Liam Kerr of Boston, Boston homeless advocate Kelley Gossett Phillips, and Hub public relations executive Conor Yunits.

Dempsey, 31, said his organization "is representing Massachusetts voters who have serious concerns and questions about an Olympics that could cost 
$10 billion to $20 billion and detract from far more pressing priorities facing the commonwealth."

"We feel like we are representing the regular people out there on the street that have these concerns," Dempsey said. "We aren't questioning the motives of the boosters, and we're surprised that they're questioning ours."

Fish, whose advocacy group added a "Myth vs. Fact" portion to its website yesterday to counter No Boston Olympics' numbers and narratives, said he's "found a lot of the information they've put out there is not accurate and I think a lot of it's unsubstantiated."

The Boston 2024 Partnership has said the initial estimated cost for the games would be about $4.5 billion, and that no tax dollars would be used to build venues or operate the Games. Public investment, the group says, will be confined to transportation improvements that are already needed.

The group is working to meet a Dec. 1 deadline to submit its proposal to the U.S. Olympic Committee.


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LG Electronics profit surges on smartphone sales

SEOUL, South Korea — South Korea's LG Electronics Inc. said Wednesday its third-quarter profit jumped 87 percent over a year earlier as smartphone sales set a record high.

LG Electronics said its July-September net income reached 202.6 billion won ($193 million) on sales of 14.9 trillion won. Operating income more than doubled from a year earlier to 461.3 billion won.

LG said the improved earnings stemmed from the recovery of its handset business. Its 167 billion won profit exceeded that from televisions, LG's other mainstay business.

The company's smartphone shipments increased 40 percent from a year earlier to a record 16.8 million units, as its flagship G3 smartphone and mid-tier L series smartphone drove sales. The company said it will continue its "two track" strategy, trying to lure consumers in advanced countries with the high-end G series and expand L series models for consumers in emerging markets.

LG's mobile communications business remained profitable for a second straight quarter after three quarters of losses.

The improvement in LG's smartphone business comes as its hometown rival Samsung Electronics Co. is suffering a rapid decline in profit from its mobile division. Samsung Electronics, which is scheduled to report third-quarter earnings on Thursday, will post around 2 trillion won in profit from its mobile communications business, less than one third of its profit a year earlier, according to analysts.

South Korean handset makers are facing a setback in the domestic market after the government this month put a ceiling on handset subsidies. The move is meant to offer buyers more certainty about prices but has dented sales. LG said demand for new smartphones in South Korea will stay subdued.

LG's Home Entertainment division, which sells televisions, recorded 131 billion won in operating income. The company said shipments of ultra-HD televisions, which pack four-times more pixels than standard HD TVs, increased in countries except in China and South America.

Shares of LG Electronics rose 4 percent in Seoul after earnings release.


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Honda profit rises on weak yen, lowers forecast

Written By Unknown on Selasa, 28 Oktober 2014 | 18.38

TOKYO — Honda's net profit for the July-September quarter surged nearly 18 percent but the Japanese automaker lowered its earnings forecast for the full year Tuesday, pointing to difficulties in China and its home Japan market.

Honda Motor Co. reported a 141.8 billion yen ($1.3 billion) profit for the fiscal second quarter, up from 120 billion yen a year earlier. Sales edged up 4 percent to 3.015 trillion yen ($27.9 billion), helped by a weak yen, which added 123 billion yen ($1.1 billion) to net sales and other operating revenue.

Like several other automakers, Honda's usually pristine image for quality is being clouded by a massive recall spanning 12 million vehicles worldwide related to faulty inflators in air bags made by Japanese supplier Takata Corp. Honda was among Takata's biggest customers.

Tokyo-based Honda lowered its profit forecast for the year ending March 2015 to 565 billion yen ($5.2 billion) from 600 billion yen, citing sales woes in Japan and China.

The maker of the Fit subcompact, Odyssey minivan and Asimo robot had earned 574 billion yen the previous fiscal year.

The dollar had cost about 100 yen the previous fiscal year, but Honda expects it to average about 104 yen this fiscal year. It stood at about 108 yen Tuesday.

A sales tax hike in Japan in April has crimped auto purchases here, although sales were inflated right before the rise.

Honda sold fewer vehicles in North America for the quarter, but its sales in Europe and Asia, outside Japan, improved year-on-year, where new models were popular.

Overall, Honda sold 1.07 million vehicles for the fiscal second quarter, up from 1.05 million the same period a year earlier.

Honda's motorcycle unit also did well for the quarter, boosting sales in India, Indonesia and Vietnam, while selling fewer units in Japan and North America compared with the previous year.

Honda expects to sell fewer vehicles for the fiscal year, at 4.6 million vehicles, down from the previous forecast for 4.8 million vehicles. But the new projection is still above the 4.3 million vehicles sold the last fiscal year.

___

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama


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Wynn discussing pollution cleanup at casino site

MEDFORD — Wynn Resorts will discuss its plans to clean up the polluted, former chemical plant site in Everett where it wants to build a $1.6 billion resort casino.

Robert DeSalvio, who is overseeing the development, is among the company officials expected to speak at Tufts University starting at 7 p.m. Tuesday. Wynn wants to redevelop the former Monsanto chemical company site, which is located along the Mystic River and straddles the Boston city line.

The company bested Mohegan Sun for the lucrative Boston-area license in September, based largely on its vision for reclaiming the weedy, long-vacant waterfront land and jump-starting development in and around working class Everett. But, like other casino developments in the state, Wynn's project could be stopped if Massachusetts voters on Nov. 4 approve a ballot question repealing the state law that authorized casino developments.

Environmental tests have shown the soil, groundwater and river sediment at the roughly 30-acre Monsanto site contains substantial levels of arsenic, lead, copper and other heavy metals from decades of industrial use, according to Chris Gordon, a project consultant for Wynn. A chemical processing plant Monsanto operated on the property closed in 1992.

"There's no question it's a fairly rough site," he said. "There's nothing on it. There's very little vegetation. No buildings. ...Along the water's edge, there's remnants of the site's industrial past — bulkheads, crane rails, that sort of stuff. "

Gordon said the environmental cleanup is expected to cost about $30 million and would take around three to four months to complete. The company hopes to begin the cleanup in spring 2015, assuming it clears a series of state and local permit approvals that are currently underway, he said.

Wynn's current proposal calls for a 27-story hotel tower with 500 luxury rooms, a gambling floor with 160 table games and 3,200 slot machines and space for a nightclub, a number of restaurants, retail stores and meeting and convention space.

On the waterfront, the company proposes building boat docks, providing a water taxi service into Boston and creating a public harbor walk with pedestrian and bike paths, a picnic area, an amphitheater and other amenities. Wynn also has pledged to finance the planting of new oyster beds in the Mystic River to help clean the former industrial river and eventually attract more fish and wildlife back into the region.


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Report: More skilled college graduates needed

BOSTON — A new Department of Higher Education report is warning of a shortage of skilled graduates in Massachusetts.

The report to be released Wednesday says more skilled graduates are needed to fill jobs in key industries that fuel economic growth.

Officials are basing their projections on an expected drop in the state's high school population in coming years. That drop comes at a time of rising demand for skilled college graduates.

The report projects that within six years, Massachusetts' high school population will shrink by 9 percent, a shift from the previous decade which saw a 31 percent increase in high school graduates.

The report had some bright spots.

It found that at the University of Massachusetts and state university campuses the graduation rate gap between white and Latino students is narrowing.


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Regal Entertainment sale: get while the getting is good?

For years, Regal Entertainment Group has been one of the theater industry's biggest buyers. But on Monday, the world's largest circuit announced that it was entertaining the idea of being a seller, signalling that the consolidation boom that Regal helped accelerate could potentially claim the company itself.

Coming on the heels of Netflix's recent move into the movie business and following the worst summer for the exhibition industry in more than a decade, Regal's proclamation that it will explore a sale comes at a time of opportunity and upheaval.

"This is a reference point in what can happen in a fast-evolving digital landscape," said Tuna Amobi, equity analyst at S&P Capital IQ. "The confluence of events created that perfect storm for them to gain as much valuation as they possibly could. They want to step out when the drumbeat is still loud."

Regal CEO Amy Miles was tight-lipped about the issue on an earnings call Monday with analysts and media, only offering that the company's board felt it was "an opportune time to conduct a thorough review of our options." But in an interview with Variety for a lengthy profile earlier this month, Miles may have inadvertently explained why Regal shifted from bidder to acquisition target.

"We're all excited about the years 2015, 2016 and I'm going to be aggressive and say even 2017," she told Variety at the time. "I think that (in the) environment of very healthy strong box office, it's a natural time to think, 'OK that might be a good time for an individual to exit.' Value maximization happens in that environment."

Indeed, the dates that Miles cited on that August day when she was still talking up the company's cash-rich balance sheet and potential acquisition targets, are expected to be among the biggest ever for the exhibition industry. The next few years will bring sequels to "Avatar," "Star Wars," James Bond, "The Avengers" and "Jurassic Park," as well as an onscreen matchup of Batman and Superman. It's also in stark contrast to a summer of box office welterweights that drove Regal to a disappointing third quarter on Monday, with revenues and profits down sharply.

But, there's more than just a popcorn flick-rich schedule prompting a possible sale. There's also a number of deep-pocketed Asian companies that have been kicking the tires on Hollywood properties of late. Fresh off its initial public offering, Alibaba has money to burn, and its recent flirtation with Lionsgate demonstrates that it is interested in the entertainment business from the content side. Likewise, Fosun Group and SoftBank have also recently invested on the studio side, backing Jeff Robinov's Studio 8 and Legendary Entertainment, respectively. A move into distribution might be attractive.

Plus, there's a precedent here. The last blockbuster theater chain deal was the $2.6 billion that China's Wanda Group shelled out to acquire AMC in 2012.

"My best guess is that this is them saying interest in our industry is high given the strong film slate coming in '15 and '16 and Chinese investors are circling Hollywood, so why not see what you can get," said Eric Handler, managing director of media and entertainment at MKM Partners.

With 7,349 screens across 574 theaters and a market cap of $3.18 billion, Regal offers unparalleled access to American ticketbuyers. For chains such as Cinemark, Carmike and AMC, this might be the only chance to achieve a certain level of size and scale, even though a potential purchase could instigate regulatory battles.

"It's an extremely attractive business...now is a good time for investors to get in when there's a lot of upside," said Matthew Harrigan, an analyst with Wunderlich Securities.

Most analysts were stunned that Regal would put itself on the auction block given that the company has often talked about its eagerness to vacuum up theater chains. In the past, Regal has made deals for the likes of Hollywood, Signature theaters and Hoyts Cinemas, and Miles told Variety last August that there were between 2,500 to 3,000 U.S. screens that would make attractive acquisitions.

"When acquisitions come up, you can pretty much guarantee we will at least have a seat at the table," said Miles.

Regal may be shifting the seating order around that said table as a defensive measure. There are longer term trends that may lead investors to want to sell. Rising ticket prices continue to push theatrical revenue up, but attendance has been declining for decades. In fact the number of tickets sold dropped 11% from 2004 and 2013, according to a study by the Motion Picture Association of America, a 10-year period during which smartphones and videogames became more pervasive.

There are other troubling data points. In recent weeks, Netflix's pact with Imax on a "Crouching Tiger, Hidden Dragon" sequel and multi-picture deal with Adam Sandler has reignited a fight over release windows. Exhibitors believe that shrinking the period between when a film hits theaters and when it debuts on home entertainment platforms is an existential threat.

"The dynamics of the industry are changing," said Amobi. "They may have felt this was the time to get the best deal in light of all the uncertainty."

While meeting with Variety last summer, Miles was quick to swat away any intimation that the exhibition industry was in decline.

"If you go back 30 years, it's been peaks and valleys," Miles says. "The good news is, we've worked ourselves up to higher peaks and higher valleys."

However, Regal indicated Monday that even though the box office might be poised to rebound, someone else might be surveying the view from the next mountaintop.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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The SUV goes from All-American to global star

Written By Unknown on Senin, 27 Oktober 2014 | 18.38

DETROIT — Once a hulking symbol of American excess, sport utility vehicles are quickly becoming the world's favorite way to get around.

It's a surprising rebirth for a vehicle that was the subject of obituaries when gas prices spiked in 2008. Automakers won back customers by making smaller, more fuel-efficient SUVs that also appealed to newly wealthy buyers in Asia and South America and former skeptics in Europe.

Indian drivers want SUVs to navigate rough roads. In China they're a status symbol. European and American Baby Boomers buy SUVs because they're easier to climb in and out of. Upwardly mobile Brazilian families like their spaciousness. Cheaper subcompacts like the Renault Duster are bringing in customers who couldn't afford SUVs before.

Earlier this year, SUVs overtook four-door sedans for the first time as the most popular vehicle for individual buyers in the U.S. By 2018, analysts expect China to be the biggest market for SUVs in the world.

"The SUV genie is out of the bottle. They've been discovered by enough people that you'll never put them back," says Karl Brauer, a senior analyst with the car buying site Kelley Blue Book.

Global SUV sales rose 88.5 percent between 2008 and 2013, to 15.7 million, according to IHS Automotive. That was three times faster than auto sales as a whole. By 2016, IHS predicts annual SUV sales will total 20.1 million, or about one of every five vehicles sold.

Automakers are finding some surprising converts. France — where environmentalists used to roam the streets slashing SUV tires — is second only to China in the growth of SUVs, with sales up 220 percent since 2008, according to Ford. Turkey is third.

Parisian Laurent Azoulai, 58, bought an all-electric subcompact SUV — the BMW i3 — in July.

"I used to have Mercedes and Renaults but I liked this because I only need it for city driving," he said. "It's small, and it's electric, and I can't stand pollution."

Shrinking the SUV — and making it more fuel efficient — was the key to saving it. In 2008, less than half of SUVs sold worldwide were small, and customers had fewer choices. Twenty percent were large SUVs like the eight-passenger Cadillac Escalade, which defined the segment decades ago but had limited audiences outside North America.

Seeing the unmet demand, companies started making small SUVs that were even more nimble and efficient. Subcompact SUVs like the Chevrolet Trax — which is shorter than a Toyota Corolla — were born.

It worked. Sales of small and subcompact SUVs like the Toyota RAV4, Buick Encore and Ford EcoSport have more than doubled worldwide since 2008. New subcompact SUVs from Jeep, Honda, Fiat and others will arrive in showrooms soon and keep the growth going. Small SUVs now make up 58 percent of all SUV sales worldwide; the share of large SUVs has fallen to 12 percent.

The new crop of tiny SUVs is small enough to appeal to buyers in emerging markets but nice enough for downsizing buyers in Europe and North America. That's good for automakers, who save money by designing one vehicle that suits many different customers.

Owners who switch have a hard time going back to cars. Mo Mard, 56, a retired investment banker who lives in O'Fallon, Missouri, drove a 2003 Toyota RAV4 for 11 years. Six months ago, she traded it in for a Honda Accord sedan, thinking she'd like something a little sleeker.

She was immediately sorry. Mard missed sitting up high, and she wanted more room for her garage sale treasures. She also found it harder to ferry around her 90-year-old mother, who has trouble getting in and out of cars. In September, she traded the Accord for a Honda CR-V.

"I'm back up higher, so I feel better," she says.

With smaller size comes better fuel economy, another lure for buyers. The Trax is expected to get 34 mpg on the highway, which is better than many midsize cars. The diesel-powered version of the Ford Escape, called the Kuga, gets better fuel economy than a Toyota Prius hybrid.

China is seeing the fastest growth by far, with SUV sales up 480 percent since 2008 to 3.7 million last year, or around 20 percent of China's total vehicle sales.

Chinese customers are increasingly using their vehicles for travel beyond their daily commutes, and they need vehicles that can handle rough roads.

Beijing businessman Luo Ge drives an Audi sedan or a Mercedes SUV to work. But on weekends, he runs a car club with 11 Jeeps, which he takes into the desert so members learn to drive on rough terrain.

Luo, 45, who runs several businesses, bought his first SUV, a Jeep Cherokee, in 1995.

"It was quite cool," he said. "Most men have a complex for military stuff and the real outdoors. The Jeep met that need."

More typical is Zhang Xinyao, 32, an IT worker in Beijing. She used to drive a small car, a Chinese-made Suzuki Alto, but wanted something bigger and safer after having a child. In 2012, she bought her first SUV, a Kia Sportage, for $28,600.

That's more than U.S. buyers pay, since China has higher import duties. But it's not unusual for SUV buyers to pay a premium. U.S. buyers stretch their finances more to buy an SUV than any other kind of vehicle, says Jim Farley, Ford's marketing chief.

"It means adventure and freedom, even a sense of optimism," Farley says. "That emotion of owning a utility, for me, is as intense as owning a luxury product."

Three decades ago, bare-bones SUVs like the Toyota 4Runner and Ford Bronco were mostly used by off-roaders. They had more utility — and less refinement — than most drivers needed.

The seven-passenger Ford Explorer, introduced in the 1991 model year, changed that by emphasizing style and comfort. It was the first SUV that was equally at home navigating mountain trails or grocery store parking lots, Brauer says.

Europeans were slow to accept SUVs, which guzzled too much gas and were harder to maneuver on narrow streets. The subcompact Nissan Qashqai changed their minds after it went on sale in late 2006, says IHS analyst Carlos DaSilva. The Qashqai was designed in London for Europeans who wanted something spacious but less aggressive than a big SUV.

In China, SUV sales took off a few years later. In 2010, the first year Chinese automaker Great Wall's popular H5 was on the market, SUV sales topped 1 million in China for the first time. This year, IHS expects China's SUV sales will top 4.8 million.

The Explorer — prematurely laid to rest by some critics last decade — is now Ford's most-exported vehicle. Ford expects to make around 280,000 Explorers this year at its 90-year-old plant in Chicago. Around 40,000 of those will be exported to Canada, Mexico, China, South Korea and the Middle East. Last year, Ford started making Explorers in Russia to meet growing demand there.

"It's the common link," DaSilva says. "It's the car everybody wants."

_____

AP researcher Fu Ting contributed from Shanghai. Reporters Joe McDonald and Han Guan Ng contributed from Beijing. Reporter Greg Keller contributed from Paris.


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Beautiful stereo, but the price is not right

Tivoli Audio's Music System Three ($299, Tivoli
Audio.com)

This is the first Bluetooth-enabled portable music system made by the Herald's Seaport Center neighbors. With a rechargeable battery that powers the system for 20 hours and a splash-proof exterior meant for the beach, the question is whether this device justifies the price.

The good: At 3.75 pounds and with a handle that doubles as a place to store the phone that's playing the music, Tivoli has mastered its design with the Music System Three. A built-in radio tuner and alarm rounds out this offering.

The bad: The remote control had a disappointing lag, and high volumes did invite some distortion.

The bottom line: This is a gorgeous device that would be perfect for $75 less. But if you're itching for a super-attractive stereo, this won't disappoint.


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Governors stress home quarantine for Ebola workers

NEW YORK — The gulf between politicians and scientists over Ebola widened on Sunday as the nation's top infectious-disease expert warned that the mandatory, 21-day quarantining of medical workers returning from West Africa is unnecessary and could discourage volunteers from traveling to the danger zone.

Late Sunday night, the governors of New York and New Jersey stressed separately that the policies allowed for home confinement for medical workers who have had contact with Ebola patients if the workers show no symptoms. They will receive twice-daily monitoring from health officials.

The emphasis on home confinement was at odds with the widely criticized treatment of a nurse returning from Sierrra Leone who was forcibly quarantined is a New Jersey hospital isolation unit even though she said had no symptoms and tested negative for Ebola.

New York Gov. Andrew Cuomo said such quarantines in medical facilities would only be used in some cases, such as if the health care workers were from states other than New York or New Jersey. For workers under home confinement, family members will be allowed to stay, and friends may visit with the approval of health officials. Workers displaying any symptoms will go straight to the hospital.

"My personal practice is to err on the side of caution," Cuomo said. "The old expression is, 'Hope for the best but prepare for the worst.'"

Under the protocols Cuomo detailed Sunday night, the state also will pay for any lost compensation if the quarantined workers are not paid by a volunteer organization.

Cuomo had criticized Dr. Craig Spencer, who tested positive for Ebola on Thursday, for not obeying a 21-day voluntary quarantine. But on Sunday, he called the health care workers "heroes" and said his administration would encourage more medical workers to volunteer to fight Ebola.

For much of the weekend, the governors had been under fire from members of the medical community and the White House.

"The best way to protect us is to stop the epidemic in Africa, and we need those health care workers, so we do not want to put them in a position where it makes it very, very uncomfortable for them to even volunteer to go," said Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.

Meanwhile, Kaci Hickox, the first nurse forcibly quarantined in New Jersey under the state's new policy, said in a telephone interview with CNN that her isolation at a hospital was "inhumane," adding: "We have to be very careful about letting politicians make health decisions."

Saying the federal health guidelines are inadequate, Cuomo and Christie announced a mandatory quarantine program Friday for medical workers and other arriving airline passengers who have had contact with Ebola victims in West Africa, either in their homes or in medical facilities, and Illinois soon followed suit. Twenty-one days is the incubation period for Ebola.

"We're staying one step ahead," Cuomo said Sunday night. "We're doing everything possible. Some people say we're being too cautious. I'll take that criticism."

The Obama administration considers the policy in New York and New Jersey "not grounded in science" and conveyed its concerns to Christie and Cuomo, a senior administration official told The Associated Press earlier Sunday. The official wasn't authorized to comment by name and insisted on anonymity.

Fauci made the rounds on five major Sunday morning talk shows to argue that policy should be driven by science — and that science says people with the virus are not contagious until symptoms appear. And even then, infection requires direct contact with bodily fluids.

He said that close monitoring of medical workers for symptoms is sufficient, and warned that forcibly separating them from others, or quarantining them, for three weeks could cripple the fight against the outbreak in West Africa — an argument that humanitarian medical organizations have also made.

"If we don't have our people volunteering to go over there, then you're going to have other countries that are not going to do it and then the epidemic will continue to roar," Fauci said.

Earlier this month, four members of a family in Texas that Ebola victim Thomas Eric Duncan stayed with before he died were confined to their home under armed guard after failing to comply with a request not to leave their apartment. Also, 75 Dallas hospital workers were asked to sign legally binding documents in which they agreed not go to public places or use mass transit.

The New York-area quarantine measures were announced after Spencer returned to New York City from treating Ebola victims in Guinea for Doctors Without Borders and was admitted to Bellevue Hospital Center Thursday to be treated for Ebola. In the week after his return, he rode the subway, went bowling and ate at a restaurant.

Hospital officials said Sunday that Spencer was in serious but stable condition, was looking better than he did the day before, and tolerated a plasma treatment well.

Hickox, the quarantined nurse who just returned from Sierra Leone, said she had no symptoms at all and tested negative for Ebola in a preliminary evaluation.

"It's just a slippery slope, not a sound public health decision," she said of the quarantine policy. "I want to be treated with compassion and humanity, and don't feel I've been treated that way."

Hickox has access to a computer, her cellphone, magazines and newspapers and has been allowed to have takeout food, New Jersey Health Department officials said.

New York City Mayor Bill de Blasio called Hickox a "returning hero" and charged that she was "treated with disrespect," as if she done something wrong, when she was put into quarantine. He said that she was interrogated repeatedly and things were not explained well to her.

Samantha Power, the U.S. ambassador to the United Nations who is on a trip to West Africa, said returning U.S. health care workers should be "treated like conquering heroes and not stigmatized for the tremendous work that they have done."

In other developments, President Barack Obama met Sunday with his Ebola response team, including "Ebola czar" Ron Klain and other public health and national security officials. According to a statement released by the White House, Obama said any measures concerning returning health care workers "should be crafted so as not to unnecessarily discourage those workers from serving."

Florida Gov. Rick Scott ordered twice-daily monitoring for 21 days of anyone returning from the Ebola-stricken areas.

The World Health Organization said more than 10,000 people have been infected with Ebola in the outbreak that came to light last March, and nearly half of them have died, mostly in Guinea, Sierra Leone and Liberia.

Fauci appeared on "Fox News Sunday," ABC's "This Week, NBC's "Meet the Press," CBS' "Face the Nation" and CNN's "State of the Union." Christie was interviewed on Fox and Power spoke to NBC.

___

Associated Press writers Bruce Shipkowski in Trenton, N.J., Josh Lederman and Thomas Strong in Washington, and Verena Dobnik in New York contributed to this report.


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Europe stocks drop after German data, bank tests

LONDON — European shares turned lower on Monday after disappointing economic data from Germany and as traders became cautious about the banks that failed a region-wide stress test.

Investors are also looking ahead to earnings and a meeting of the U.S. Federal Reserve.

KEEPING SCORE: After trading higher on the open, France's CAC 40 index was down 0.7 percent to 4,099.73 and Germany's DAX shed 0.7 percent to 8,923.05. Britain's FTSE 100 fell 0.5 percent to 6,358.86. Wall Street was expected to slide on the open. Dow futures were down 0.2 percent while S&P 500 futures shed 0.3 percent.

EUROPEAN TESTS: The European Central Bank said that 13 of Europe's 130 biggest banks failed a review of their finances and need an extra 10 billion euros ($12.5 billion) to strengthen themselves. The review is meant to purge banks of bad investments to enable them to lend more. The results were initially welcomes in markets. Stocks fell only in the banks that failed as investors expected them to raise money, a process that dilutes bank share prices. The bank that did worst in the tests, Italy's Monte dei Paschi di Siena, saw its shares plunge 17.6 percent. Those that passed, however, traded higher.

THE QUOTE: "The stress tests showed healthy balance sheets in most major institutions while those found with capital gaps are mostly contained in periphery nations," Desmond Chua, of CMC Markets, said in a commentary.

GERMAN DATA: But trading in shares in other sectors was hit later in the day, when Germany's Ifo index of business confidence was released and showed a fall for the sixth consecutive month in October. A string of disappointing data has raised concerns over Europe's biggest economy. Analysts said the Ifo was disappointing, though some suggested lower energy prices and a weaker euro should help industry and exporters, keeping the country out of recession.

ASIA'S DAY: Shares were mixed in Asia. Japan's Nikkei 225 stock index climbed 0.6 percent to 15,382.12 and South Korea's Kospi rose 0.3 percent to 1,931.97. Australia's S&P/ASX 200 climbed 0.9 percent to 5,459.00. Elsewhere, Hong Kong's Hang Seng fell 0.7 percent to 23,143.50. Shares also were lower in Singapore, India and Taiwan, but higher in New Zealand.

FED MEETING: Investors are focusing on this week's Federal Reserve policy meeting for confirmation the U.S. central bank is ending its bond buying program; the policy has kept interest rates low to support economic recovery but also boosted stock markets as investors sought higher returns. Recent mixed signals about the strength of the U.S. recovery prompted speculation the Fed might let the program continue for longer, but many analysts consider that outcome unlikely.

ENERGY: Benchmark U.S. crude was down 28 cents to $80.73 a barrel in electronic trading on the New York Mercantile Exchange. It sank $1.08 on Friday to $81.01.

CURRENCIES: The euro rose to $1.2677 from $1.2670 late Friday. The dollar fell to 107.86 yen from 108.16 yen.


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Robots may battle Ebola

Written By Unknown on Minggu, 26 Oktober 2014 | 18.38

An international effort is underway to stop the spread of the deadly Ebola virus with logistics and training, and health care companies are scrambling to produce promising treatments and vaccines, but a number of high tech solutions also have emerged as potential keys to addressing the outbreak.

In about two weeks, an elite group of robotics researchers from academia and the private sector will meet at Worcester Polytechnic Institute and two other universities around the country for a U.S. government-sanctioned event to try to develop ways robots can be used to help combat the disease that has killed nearly 5,000 people.

"I do believe that technology interventions at the right place, at the right time, robotics technologies or other technologies can be impactful," said Taskin Padir, a robotics professor at WPI.

One of the most useful jobs for robots could be decontamination, said Velin Dimitrov, a doctoral candidate at WPI. He said a robot called Aero could easily be modified to disinfect areas that have been contaminated with the Ebola virus.

Robots also could be used to bury those who have died from Ebola, as well as removing personal protective gear worn by health workers.

"If we can minimize the contact, we can minimize the risk," Padir said.

In the unlikely event that there is an outbreak in Massachusetts, state officials say they are well prepared thanks to an existing tool called MAVEN. Officially called the Massachusetts Virtual Epidemiologic Network, MAVEN is an early detection tool that allows state epidemiologists to track and get real-time alerts for suspected and confirmed cases.

"MAVEN has been set up to respond automatically to different pieces of information," said Gillian Haney, director of surveillance and informatics at the state Department of Public Health's bureau of infectious disease. "What it allows us to do is to have real time information sharing on reportable disease events."

One of these pieces of information is a confirmed test, notification of which is automatically pushed to state health officials thanks to the electronic testing procedures put in place by many health-care facilities.

Alerts for some diseases — including Ebola — are automatically sent to the state when there is a suspected case. Local health departments and other necessary personnel are then notified.

Haney said Massachusetts is better positioned than many other states to deal with an epidemic of any kind, in part because more than 90 percent of the state's lab tests are part of the state health information exchange, which feeds into MAVEN.

Technology giants also are getting involved in the Ebola fight. Microsoft last week said that it would give academics researching Ebola access to its Azure cloud computing platform to boost their storage and computing power.


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The Ticker

Groups question Entergy's finances

Nuclear watchdog groups in three states are questioning Entergy Corp.'s financial ability to operate plants in New York and Massachusetts.

The groups are focusing on the Fitzpatrick plant in upstate New York and the Pilgrim reactor in Massachusetts — as well as Vermont Yankee — citing USB Investment Services reports from earlier this year saying the Vermont and New York plants are facing negative cash flows by next year.

Entergy Corp. announced last year it would close Vermont Yankee by the end of this year due to poor economic performance.

Hub gets $25G
Agriculture grant

Mayor Martin J. Walsh and the city of Boston's Office of Food Initiatives announced the receipt of a $25,000 planning grant from the Department of Agriculture Local Food Promotion Program to support the hiring of an independent facilitator to develop a vision for food production in Boston as a whole.

TOMORROW

  • National Association of Realtors releases pending home sales index for September.

TUESDAY

  • Commerce Department releases durable goods for September.
  • Standard & Poor's releases S&P/Case-Shiller index of home prices for August.
  • The Conference Board releases the Consumer Confidence Index for October.
  •  Federal Reserve policy makers begin a two-day meeting to set interest rates.

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Minivan loses fluid and dashboard lights up

We have 184,000 miles on our 2005 Chrysler Town & Country van with 3.8-liter engine. The other day my wife drove it down the block and didn't notice the red path of oil on the road. She came back immediately when she noticed the van would only "rev up and not go." The check engine light came on and she barely made it back. I found that one of the hoses from the transmission control solenoid to the radiator had burst. This was an easy fix and I added 2.5 quarts of transmission fluid. The van runs and shifts normally. However, the check engine light remained on and my scan tool showed four codes — PO732, PO700, PO734 and PO700. I understand the 732 and 734 codes are for gear ratio misalignment and the 700 code is merely an informational code. My scan tool wouldn't let me clear these codes, but later that day the check engine light went off after about 30 miles of driving. Can the check engine light reset itself? Is there anything else I should be concerned about?

No, the computer cannot erase those codes from its memory. But it can turn off the check engine light after a certain number of key on/off cycles if it does not see the problem again. This allows the system to illuminate the check engine light again if the same or some other failure occurs.

The total fluid capacity of the 41TE-AE transmission is 9.7 quarts, so the vehicle lost less than one-third of its fluid. Adding the fact that it has survived 184,000 miles, I wouldn't be particularly worried — I don't think any significant damage was done.

I have an annoying whine in my 2010 Chevy Impala steering wheel. I understand it is the clock spring and would be rather expensive to fix. Can you explain what the function of the clock spring is and are there any inexpensive fixes? Are there any potential problems just living with it?

Actually, the total cost to replace the clock spring, according to my ALLDATA labor guide, is roughly $300. The clock spring assembly provides electrical continuity to the driver air bag through the entire range of steering wheel movement. If there is an electrical issue with the clock spring, the restraint system warning light would be illuminated.

But I question whether the whine you're hearing is actually coming from the steering column/wheel. If it is originating from the front of the vehicle as you turn the wheel, the issue is more likely related to the power steering pump or fluid. A complete flush and refill with correct power steering is inexpensive and a good preventive maintenance procedure.

I hope you can answer questions concerning timing belts and timing chains. I own a 2004 2.4-liter four-cylinder Toyota Camry with 82,000 miles. My mechanic says it has a timing chain, but the maintenance schedule says to replace the timing belt at 90,000 miles, but only for those models with the six-cylinder engine. Toyota dealers advise replacing the timing belt at 60,000 miles. Does my vehicle have a timing belt or a timing chain and when should a belt or a chain be replaced? I get a bit apprehensive when I am on the highway going 65 mph.

Your mechanic is correct, as is the owner's manual. The camshafts in this engine are driven by a steel-link roller timing chain, not a rubber cogged belt. There is no routine replacement called for with timing chains, which is an advantage over timing belts. Coupled with the fact that this is a non-interference engine, meaning there would be no valve-to-piston contact should the chain fail, no worries. As you noted, the 3- and 3.3-liter V6 engines available in this vehicle featured timing belts that require replacement at 90,000 mile intervals.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor and former race-car driver. Readers may write to him at: Star Tribune, 425 Portland Ave. S., Minneapolis, Minn., 55488 or via email at paulbrandstartribune.com. Please explain the problem in detail and include a daytime phone number.


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See it through the Grapevine

One of the 26 startups that will compete for a share of more than $1.75 million in cash prizes at Wednesday's MassChallenge awards ceremony helps brands generate sales by connecting them with YouTubers who can reach their target audience.

Grapevine was founded in 2012 at the Cambridge Innovation Center by Brendan Lattrell, a Discovery Channel producer who began to notice that many people who make YouTube videos were getting more views than his prime time TV shows.

"I realized there's so much opportunity with these video bloggers," he said. "YouTube has 1 billion unique monthly viewers. It's the second-largest search engine, after Google. It's more influential than Hollywood."

Lattrell decided to build a website where brands could create a marketing campaign or talk to a sales person, choose a budget and get listed on Grapevine's "marketplace," where YouTubers interested in advocating for a particular brand could apply to make a video in which they review its product or integrate the product into a video.

"It's the antithesis of what a traditional TV commercial is," Lattrell said. "We believe every company needs advocate marketing. You can't just talk to consumers as yourself. You need to have people talk on your behalf."

Grapevine works with the brand to choose advocates, using an algorithm that takes into account what types of campaigns the YouTubers have worked on in the past, the average age and gender of their viewers, and the percentage of those viewers who have clicked on a link to the brands in their videos.

Grapevine then sends the product to the advocates, without a script, to make videos that are usually about five minutes long.

"Our network of video bloggers get more than 200 million views per month," Lattrell said. "It makes the Super Bowl look like peanuts."

The brand pays Grapevine, which in turn pays the YouTubers between $50 and $30,000 per video.

"The best advocates make six figures a year and get up to 100 pitches from companies every week," he said. "They only promote the ones they really love because they need their viewers to continue to trust them."

Since 2012, Grapevine has worked with "thousands" of advocates and about 100 brands, including Walgreens, Groupon and the digital music service Spotify, Lattrell said.

Bryden Ferrato, marketing manager at Lip Monthly said the Chicago-based cosmetics subscription service has used Grapevine more than a half-dozen times.

"It's helped us find some good talent that's gotten us more exposure," Ferrato said. "Advocate marketing is more personal than traditional marketing. It allows the viewer to connect with the brand. They get to see someone else's experience with it. That goes a long way."


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