Back to business after Sandy's hard hit

NEW YORK (Reuters) - The U.S. Northeast began crawling back to normal on Wednesday after monster storm Sandy crippled transportation, knocked out power for millions and killed at least 45 people in nine states with a massive storm surge and rain that caused epic flooding.


Financial markets reopened with New York Mayor Michael Bloomberg ringing the opening bell at the New York Stock Exchange, and packed buses took residents back to work with the subway system halted after seawater flooded its tunnels.


John F. Kennedy and Newark airports reopened with limited service after thousands of flights were canceled, leaving travelers stuck for days. New York's LaGuardia Airport, the third of the airports that serve the nation's busiest airspace, was flooded and remained closed.


It will take days or weeks to recover from the massive power and mass transit outages.


With six days to go before the November 6 elections, President Barack Obama will visit storm-ravaged areas of the New Jersey shore, where Sandy made landfall on Monday.


He will be accompanied by Republican Governor Chris Christie, a vocal backer of presidential challenger Mitt Romney. Nevertheless, Christie has praised Obama and the federal response to the storm.


The storm killed 27 people in New York state, including 22 in New York City, and six in New Jersey. Seven other states reported fatalities. One disaster-modeling company said Sandy may have caused up to $15 billion in insured losses.


Sandy killed 69 people in the Caribbean last week before it slammed into the U.S. East Coast and pushed inland, dumping snow in the Appalachian Mountains and other inland areas.


Remnants of the storm churned slowly over Pennsylvania on Wednesday, the National Weather Service said. Winter storm warnings were in effect from southwestern Pennsylvania to eastern Tennessee.


Battered by a record storm surge of nearly 14 feet of water, large sections of New York City remained submerged under several feet of water. In the city's borough of Staten Island, police used helicopters to pluck stranded residents from rooftops.


Across the Hudson River in Hoboken, New Jersey, members of the National Guard arrived to help residents pump floodwater from their homes, the city said on Twitter.


More than 8.2 million homes and businesses remained without electricity across several states after trees toppled by fierce winds tore down power lines.


In New Jersey, Christie said it could take seven to 10 days before power was restored statewide.


Subway and commuter tunnels under New York City, which carry several million riders a day, were under several feet of water.


In the lower half of Manhattan, a quarter of a million residents remained without power after a transformer explosion at a Con Edison substation Monday night.


CRIPPLED COMMUTE


New York City likely will struggle without subway service for days, authorities said. Buses were operating on a limited basis and many residents were walking long distances or scrambling to grab scarce taxi cabs on the streets.


Sunday's New York Marathon will go on as scheduled, but Wednesday night's Halloween parade through Greenwich Village was postponed. On Broadway, the Theater League announced that most shows would resume performances on Wednesday. Shows had been canceled since Sunday due to the storm.


In New Jersey, Christie took a helicopter tour of the devastation on Tuesday along the shore, where boats were adrift, boardwalks washed away and roads blocked by massive sand drifts. He stopped in the badly damaged resort towns of Belmar and Avalon.


"I was just here walking this place this summer, and the fact that most of it is gone is just incredible," he said at one stop.


Sandy hit the East Coast with a week to go to the November 6 presidential election, dampening an unprecedented drive to encourage early voting and raising questions whether some polling stations will be ready to open on Election Day.


Obama faces political danger if the government fails to respond well, as was the case with his predecessor George W. Bush's botched handling of Hurricane Katrina in 2005.


Obama and Romney put campaigning on hold for a second day on Tuesday but Romney planned to hold rallies in the battleground state of Florida on Wednesday and Obama seemed likely to resume campaigning on Thursday.


Sandy became the biggest storm to hit the United States in generations when it crashed ashore with hurricane-force winds on Monday near the New Jersey gambling resort of Atlantic City.


(Additional reporting by Michael Erman, Anna Louie Sussman, Atossa Abrahamian, Michelle Nichols, Ed Krudy, Chris Michaud and Scott DiSavino in New York and Ian Simpson in West Virginia; Writing by Daniel Trotta and Ellen Wulfhorst; Editing by Eric Beech)


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Cuba’s 2nd city without power, water after Sandy

























HAVANA (AP) — Residents of Cuba‘s second-largest city of Santiago remained without power or running water Monday, four days after Hurricane Sandy made landfall as the island’s deadliest storm in seven years, ripping rooftops from homes and toppling power lines.


Across the Caribbean, the storm’s death toll rose to 69, including 52 people in Haiti, 11 in Cuba, two in the Bahamas, two in the Dominican Republic, one in Jamaica and one in Puerto Rico.





















Cuban authorities have not yet estimated the economic toll, but the Communist Party newspaper Granma reported there was “severe damage to housing, economic activity, fundamental public services and institutions of education, health and culture.”


Yolanda Tabio, a native of Santiago, said she had never seen anything like it in all her 64 years: Broken hotel and shop windows, trees blown over onto houses, people picking through piles of debris for a scrap of anything to cover their homes. On Sunday, she sought solace in faith.


“The Mass was packed. Everyone crying,” said Tabio, whose house had no electricity, intermittent phone service and only murky water coming out of the tap on Monday. “I think it will take five to ten years to recover. … But we’re alive.”


Sandy came onshore early Thursday just west of Santiago, a city of about 500,000 people in agricultural southeastern Cuba. It is the island’s deadliest storm since 2005′s Hurricane Dennis, a category 5 monster that killed 16 people and did $ 2.4 billion in damage. More than 130,000 homes were damaged by Sandy, including 15,400 that were destroyed, Granma said.


“It really shocked me to see all that has been destroyed and to know that for many people, it’s the effort of a whole lifetime,” said Maria Caridad Lopez, a media relations officer at the Roman Catholic Archdiocese in Santiago. “And it disappears in just three hours.”


Lopez said several churches in the area collapsed and nearly all suffered at least minor damage. That included the Santiago cathedral as well as one of the holiest sites in Cuba, the Sanctuary of the Virgin del Cobre. Sandy’s winds blew out its stained glass windows and damaged its massive doors.


“It’s indescribable,” said Berta Serguera, an 82-year-old retiree whose home withstood the tempest but whose patio and garden did not. “The trees have been shredded as if with a saw. My mango only has a few branches left, and they look like they were shaved.”


On Monday, sound trucks cruised the streets urging people to boil drinking water to prevent infectious disease. Soldiers worked to remove rubble and downed trees from the streets. Authorities set up radios and TVs in public spaces to keep people up to date on relief efforts, distributed chlorine to sterilize water and prioritized electrical service to strategic uses such as hospitals and bakeries.


Enrique Berdion, a 45-year-old doctor who lives in central Santiago, said his small apartment building did not suffer major damage but he had been without electricity, water or gas for days.


“This was something I’ve never seen, something extremely intense, that left Santiago destroyed. Most homes have no roofs. The winds razed the parks, toppled all the trees,” Berdion said by phone. “I think it will take years to recover.”


Raul Castro, who toured Cuba’s hardest-hit regions on Sunday, warned of a long road to recovery.


Granma said the president called on the country to urgently implement “temporary solutions,” and “undoubtedly the definitive solution will take years of work.”


Venezuela sent nearly 650 of tons of aid, including nonperishable food, potable water and heavy machinery both to Cuba and to nearby Haiti, which was not directly in the storm’s path but suffered flash floods across much of the country’s south.


Across the Caribbean, work crews were repairing downed power lines and cracked water pipes and making their way into rural communities marooned by impassable roads. The images were similar from eastern Jamaica to the northern Bahamas: Trees ripped from the ground, buildings swamped by floodwaters and houses missing roofs.


Fixing soggy homes may be a much quicker task than repairing the financial damage, and island governments were still assessing Sandy’s economic impact on farms, housing and infrastructure.


In tourism-dependent countries like Jamaica and the Bahamas, officials said popular resorts sustained only superficial damage, mostly to landscaping.


Haiti, where even minor storms can send water gushing down hills denuded of trees, listed a death toll of 52 as of Monday and officials said it could still rise. Prime Minister Laurent Lamothe has described the storm as a “disaster of major proportions.”


In Jamaica, where Sandy made landfall first on Wednesday as a Category 1 hurricane, people coped with lingering water and power outages with mostly good humor.


“Well, we mostly made it out all right. I thought it was going to be rougher, like it turned out for other places,” laborer Reginald Miller said as he waited for a minibus at a sunbaked Kingston intersection.


In parts of the Bahamas, the ocean surged into coastal buildings and deposited up to six feet of seawater. Sandy was blamed for two deaths on the archipelago off Florida’s east coast, including a British bank executive who fell off his roof while trying to fix a window shutter and an elderly man found dead beneath overturned furniture in his flooded, low-lying home.


___


Associated Press writers Anne-Marie Garcia in Havana, David McFadden in Kingston, Jamaica, and Jeff Todd in Nassau, Bahamas, contributed to this report.


___


Peter Orsi is on Twitter: www.twitter.com/Peter_Orsi


Latin America News Headlines – Yahoo! News



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Nokia says shipping new Lumia smartphones this week

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Israeli-Palestinian drama ‘The Other Son’ wins Tokyo Film Fest

























LOS ANGELES (TheWrap.com) – Lorraine Levy‘s Palestinian/Israeli drama, “The Other Son,” won the Tokyo Sakura Grand Prix, the top award at the 25th Tokyo International Film Festival, on Sunday night. Levy also took home the best director honors at the festival, which marks the final go-round for festival chairman, Tom Yoda.


The special jury prize went to Kang Yi-kwan’s “Juvenile Offender.” Seo Young-joo, who stars in the film, was awarded the best actor prize. The best actress award went to Neslihan Atagul for “Araf – Somewhere in Between.” Tetsuaki Matsui‘s “Flashback Memories 3D,” about a Japanese didgeridoo player who loses his memory, took home the audience award. The Toyota Earth Grand Prix for the best nature-themed fiction or documentary was given to Valerie Berteau’s “Himself He Cooks.”





















“All the films were excellent,” said Roger Corman, president of the international competition jury. “They each demonstrate the glory and power of cinema to entertain, inform, and teach us.”


For the first time this year, TIFFCOM, the market arm of the festival took place in Odaiba, a man-made island in Tokyo Bay. At TIFFCOM, there were 227 exhibiting companies from 25 countries and regions, up from last year’s 20 countries, with 111 of those entities were new exhibitors.


At the close of the festival, Yoda reflected back on his five years as chairman.


“It is the fifth year since the introduction of the Green Carpet and the Toyota Earth Grand Prix. It is also the 25th memorable year for us. On such as special year, I am very happy to have had the world respected Roger Corman leading the member of the jury,” he said.


Movies News Headlines – Yahoo! News



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NYU Medical Center Evacuated

























Paramedics and other medical workers began to evacuate patients from New York University Langone Medical Center due to a power outage caused by Tropical Storm Sandy, followed by a failure of backup generators at the hospital, New York City officials said Monday night.


About 200 patients, roughly 45 of whom are critical care patients, were moved out of NYU via private ambulance with the assistance of the New York Fire Department, city officials said. ABC News’ Chris Murphey reported a long line of ambulances outside of NYU Langone waiting to transport patients to other hospitals in the city.





















The hospital had a total of 800 patients two days ago, some patients were discharged before tonight’s evacuation, which was described by emergency management officials as “a total evacuation.”




NYU Medical Center Forced to Evacuate Over 200 Patients Watch Video



According to ABC’s Josh Haskell, 24 ambulances lined the street, waiting to be waved in to pick up patients from NYU Langone Medical Center. “Every 4 minutes a patient comes out and an empty ambulance pulls up. The lobby of the Medical Center is full of hospital personnel, family members, and patients,” Haskell reports.


The patients were moved to a number of area hospitals and according to officials at NYU, the receiving hospitals would notify family members.


Sloan Kettering Hospital spokesman Chris Hickey confirmed to ABC News’ Gitika Ahuja that it is receiving 26 adult patients from NYU, at their request. Hickey said she didn’t know whether they had been admitted yet or what their conditions were.


NewYork-Presbyterian Hospital spokesman Wade Bryan Dotson said it is also accepting patients from NYU at both campuses, Columbia and Weill Cornell.


Meanwhile, ABC News affiliate WABC captured footage of patients being evacuated; among the first patients brought out of the hospital on gurneys was a mother and her newborn child.


On Monday morning, NYU Langone Medical Center had issued a press release that indicated the hospital’s emergency preparedness plan had been activated and that there were “no plans to evacuate” at the time.


Shortly after the reports of an evacuation at NYU Langone, city officials reported that a second major New York City hospital, Bellevue Hospital, was about to lose backup power due to a generator failure.


Requests for more information from NYU Langone Medical Center spokespeople were not immediately returned.


Health News Headlines – Yahoo! News



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'One for the record books': Sandy leaves death and destruction in wake

NEW YORK (AP) — As superstorm Sandy marched slowly inland, millions along the East Coast awoke Tuesday without power or mass transit, with huge swaths of the nation's largest city unusually vacant and dark.

New York was among the hardest hit, with its financial heart in Lower Manhattan shuttered for a second day and seawater cascading into the still-gaping construction pit at the World Trade Center. President Barack Obama declared a major disaster in the city and Long Island.

The storm that made landfall in New Jersey on Monday evening with 80 mph sustained winds killed at least 17 people in seven states, cut power to more than 7.4 million homes and businesses from the Carolinas to Ohio, caused scares at two nuclear power plants and stopped the presidential campaign cold.

Authorities launched an effort to evacuate about 800 people in the town of Moonachie in northern New Jersey early Tuesday after a berm overflowed, authorities said.

The massive storm reached well into the Midwest: Chicago officials warned residents to stay away from the Lake Michigan shore as the city prepares for winds of up to 60 mph and waves exceeding 24 feet well into Wednesday.

"This will be one for the record books," said John Miksad, senior vice president for electric operations at Consolidated Edison, which had more than 670,000 customers without power in and around New York City.

An unprecedented 13-foot surge of seawater — 3 feet above the previous record — gushed into Gotham, inundating tunnels, subway stations and the electrical system that powers Wall Street, and sent hospital patients and tourists scrambling for safety. Skyscrapers swayed and creaked in winds that partially toppled a crane 74 stories above Midtown.

The massive storm caused the worst damage in the 108-year history of New York's extensive subway system, according to Joseph Lhota, the chairman of the Metropolitan Transportation Authority.

Right before dawn Tuesday, a handful of taxis were out on the streets, though there was an abundance of emergency and police vehicles.

Remnants of the former Category 1 hurricane were forecast to head across Pennsylvania before taking another sharp turn into western New York by Wednesday morning. Although weakening as it goes, the massive storm — which caused wind warnings from Florida to Canada — will continue to bring heavy rain and local flooding, said Daniel Brown, warning coordination meteorologist at the National Hurricane Center in Miami.

As Hurricane Sandy closed in on the Northeast, it converged with a cold-weather system that turned it into a monstrous hybrid of rain and high wind — and even snow in West Virginia and other mountainous areas inland.

Just before it made landfall at 8 p.m. near Atlantic City, N.J., forecasters stripped Sandy of hurricane status — but the distinction was purely technical, based on its shape and internal temperature. It still packed hurricane-force wind, and forecasters were careful to say it was still dangerous to the tens of millions in its path.

While the hurricane's 90 mph winds registered as only a Category 1 on a scale of five, it packed "astoundingly low" barometric pressure, giving it terrific energy to push water inland, said Kerry Emanuel, a professor of meteorology at MIT.

Officials blamed at least 16 deaths on the converging storms — five in New York, three each in New Jersey and Pennsylvania, two in Connecticut, and one each in Maryland, North Carolina and West Virginia. Three of the victims were children, one just 8 years old.

Sandy, which killed 69 people in the Caribbean before making its way up the Eastern Seaboard, began to hook left at midday Monday toward the New Jersey coast. Even before it made landfall, crashing waves had claimed an old, 50-foot piece of Atlantic City's world-famous Boardwalk.

"We are looking at the highest storm surges ever recorded" in the Northeast, said Jeff Masters, meteorology director for Weather Underground, a private forecasting service.

Sitting on the dangerous northeast wall of the storm, the New York metropolitan area got the worst of it.

An explosion at a ConEdison substation knocked out power to about 310,000 customers in Manhattan, said Miksad.

"We see a pop. The whole sky lights up," said Dani Hart, 30, who was watching the storm from the roof of her building in the Navy Yards.

"It sounded like the Fourth of July," Stephen Weisbrot said from his 10th-floor apartment.

New York University's Tisch Hospital was forced to evacuate 200 patients after its backup generator failed. NYU Medical Dean Robert Grossman said patients — among them 20 babies from neonatal intensive care that were on battery-powered respirators — had to be carried down staircases and to dozens of waiting ambulances.

Not only was the subway shut down, but the Holland Tunnel connecting New York to New Jersey was closed, as was a tunnel between Brooklyn and Manhattan. The Brooklyn Bridge, the George Washington Bridge, the Verrazano-Narrows Bridge and several other spans were closed due to high winds.

The three major airports in the New York area — LaGuardia, Newark Liberty and Kennedy — remained shut down Tuesday.

A construction crane atop a $1.5 billion luxury high-rise in midtown Manhattan collapsed in high winds and dangled precariously. Thousands of people were ordered to leave several nearby buildings as a precaution, including 900 guests at the ultramodern Le Parker Meridien hotel.

Alice Goldberg, 15, a tourist from Paris, was watching television in the hotel — whose slogan is "Uptown, Not Uptight" — when a voice came over the loudspeaker and told everyone to leave.

"They said to take only what we needed, and leave the rest, because we'll come back in two or three days," she said as she and hundreds of others gathered in the luggage-strewn marble lobby. "I hope so."

Trading at the New York Stock Exchange was canceled again Tuesday — the first time the exchange suspended operations for two consecutive days due to weather since an 1888 blizzard struck the city.

Fire destroyed at least 50 homes Monday night in a flooded neighborhood in the Breezy Point section of the borough of Queens, where the Rockaway peninsula juts into the Atlantic Ocean. Firefighters told WABC-TV that they had to use a boat to rescue residents because the water was chest high on the street. About 25 people were trapped in one home, with two injuries reported.

Airlines canceled around 12,500 flights because of the storm, a number that was expected to grow.

Off North Carolina, not far from an area known as "the Graveyard of the Atlantic," a replica of the 18th-century sailing ship HMS Bounty that was built for the 1962 Marlon Brando movie "Mutiny on the Bounty" sank when her diesel engine and bilge pumps failed. Coast Guard helicopters plucked 14 crew members from rubber lifeboats bobbing in 18-foot seas.

A 15th crew member who was found unresponsive several hours after the others was later pronounced dead. The Bounty's captain was still missing.

One of the units at Indian Point, a nuclear power plant about 45 miles north of New York City, was shut down around 10:45 p.m. Monday because of external electrical grid issues, said Entergy Corp., which operates the plant. The company said there was no risk to employees or the public.

And officials declared an "unusual event" at the Oyster Creek nuclear power plant in Lacey Township, N.J., the nation's oldest, when waters surged to 6 feet above sea level during the evening. Within two hours, the situation at the reactor — which was offline for regular maintenance — was upgraded to an alert, the second-lowest in a four-tiered warning system. Oyster Creek provides 9 percent of the state's electricity.

In Baltimore, fire officials said four unoccupied rowhouses collapsed in the storm, sending debris into the street but causing no injuries. Meanwhile, a blizzard in far western Maryland caused a pileup of tractor-trailers that blocked the westbound lanes of Interstate 68 on slippery Big Savage Mountain near the town of Finzel.

"It's like a long-tailed cat in a room full of rocking chairs up here," said Bill Wiltson, a Maryland State Police dispatcher.

Hundreds of miles from the storm's center, gusts topping 60 mph prompted officials to close the port of Portland, Maine, and scaring away several cruise ships. A state of emergency in New Hampshire prompted Vice President Joe Biden to cancel a rally in Keene and Republican nominee Mitt Romney's wife, Ann, to call off her bus tour through the Granite State.

About 360,000 people in 30 Connecticut towns were urged to leave their homes under mandatory and voluntary evacuation orders. Christi McEldowney was among those who fled to a Fairfield shelter. She and other families brought tents for their children to play in.

"There's something about this storm," she said. "I feel it deep inside."

Despite dire warnings and evacuation orders that began Saturday, many stayed put.

New Jersey Gov. Chris Christie — whose own family had to move to the executive mansion after his home in Mendham, far from the storm's center, lost power — criticized the mayor of Atlantic City for opening shelters there instead of forcing people out.

Eugenia Buono, 77, and her neighbor, Elaine DiCandio, 76, were among several dozen people who took shelter at South Kingstown High School in Narragansett, R.I. They live on Harbor Island, which is connected to the mainland by a causeway.

"I'm not an idiot," said Buono, who survived hurricanes Carol in 1954 and Bob in 1991. "People are very foolish if they don't leave."

___

Hays reported from New York and Breed reported from Raleigh, N.C.; AP Science Writer Seth Borenstein contributed to this report from Washington. Associated Press writers David Dishneau in Delaware City, Del., Katie Zezima in Atlantic City, Emery P. Dalesio in Elizabeth City, N.C., and Erika Niedowski in Cranston, R.I., also contributed.

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In San Francisco, tech investor leads a political makeover

SAN FRANCISCO (Reuters) - One morning in April, Ron Conway, the billionaire technology investor, sat in a conference room on the second floor of San Francisco's City Hall with about 50 representatives from the city's business community.


On the agenda was a sweeping proposal by Mayor Ed Lee to reform the city's payroll tax, a plan that would favor companies with many employees but little revenue — tech start-ups, namely — while shifting the burden to the real estate and financial industries.


The head of the San Francisco Chamber of Commerce was arguing against the proposal when Conway abruptly cut him off.


"The tech industry is producing all the jobs in this city," Conway snapped, according to four people present, his voice rising as he insisted that old-line businesses "need to get on board."


In the end, they did get on board — and San Francisco voters on November 6 will decide whether to approve the change in the tax code.


Conway's success with the tax initiative demonstrates the profound transformation playing out in San Francisco's business corridors and its halls of power. As start-ups blossom, attracting a wave of entrepreneurs and investment dollars, the tech industry is wielding newfound clout in local politics — largely thanks to Conway, its brash, silver-haired champion.


The shift, local political experts say, harks back to the turn of the last century, when financial institutions like the Bank of Italy — forebear to present-day Bank of America — gradually eroded the railroad barons' grip over California politics.


Now the tech industry, led by Conway, is beginning to overshadow long-dominant local business lobbies, said Chris Lehane, a political consultant and former adviser in the Clinton White House.


"When you have a new business entity that really hasn't existed in the past and becomes a real player in local politics, that changes the balance a bit," said Lehane, who is based in San Francisco. "People like Ron Conway, he's an angel investor in companies but also an angel supporter of politicians he cares about."


Not everyone in this famously liberal city is enthused about the new tech boom, which is driving up rents and threatening to price out all but the wealthy.


"As someone who lived through the tech boom in the '90s and watched countless friends and community members get pushed out of their homes, only for the bubble to disintegrate, this is painful to watch," said Gabriel Haaland, political director for the SEIU Local 1021, the largest union in the city. "Those times are here again."


Last month, when San Francisco Magazine published an article bemoaning tech-driven gentrification, traffic on the magazine's website broke all records.


"It touched on an issue that people have been thinking about for a while," said Jon Steinberg, the magazine's editor.


Conway and Lee make no apologies.


"Tech added 13,000 out of the 25,000 new jobs we created the last couple years, which helped us bring the unemployment rate to the third-lowest in the state," Lee, a Democrat, said in an interview. "We have to work with the new jobs creators, and that's what I believe the public wants me to do."


Conway, who made his name in the 1990s by betting on small, early-stage companies and scoring a huge win with Google, says a key goal of a new civic organization he has started, San Francisco Citizens Initiative for Technology & Innovation, is to provide service jobs in tech for long-term residents and the unemployed.


"It would be great if we could create a few hundred jobs in the $50,000 to $80,000 income bracket," said Conway. "We're here to improve the living conditions for all of San Francisco. That's the responsibility tech wants to take."


ODD COUPLE


Conway and Lee have an exceptionally close relationship, one that has captivated the city's political set even while attracting accusations of favoritism from the mayor's rivals.


The two make an odd couple. Lee was a publicity-shy city bureaucrat and civil rights lawyer for decades before being named caretaker mayor of this Democratic bastion in 2011 after his predecessor was elected lieutenant governor. Conway, until recently a registered Republican, counts Tiger Woods and Henry Kissinger among his investors and considers a start-up tour with Ashton Kutcher in tow just another day's work.


In a city that faces chronic budget deficits even as it enjoys a comparatively strong economy, the relationship is symbiotic. Conway taps his access to Lee to promote his companies, from Twitter to Zynga to Airbnb; Lee persuades Conway to rally tech leaders to help fund the police, the schools, the parks.


Their alliance began only last year. As interim mayor, Lee impressed Conway when he pushed through a tax exemption for Twitter, which had considered moving out of the city to avoid the tax bill that would have resulted from an initial public offering. San Francisco imposes a 1.5 percent payroll tax on local companies, a levy that applies to any gains in an IPO.


When Lee ran for a full four-year term several months later, Conway formed an independent political action committee on his behalf. He rustled up almost $700,000 from the likes of entrepreneur Sean Parker; Zynga CEO Mark Pincus; Salesforce CEO Marc Benioff; venture capitalists John Doerr and Tom Byers; and Credit Suisse banker Bill Brady.


He also enlisted Portal A, a video production outfit consisting of three twentysomething hitmakers, to create a YouTube video that featured rapper MC Hammer, Yahoo CEO Marissa Mayer and San Francisco Giants pitcher Brian Wilson dancing on Conway's rooftop. The clip went viral and effectively drowned out ads from Lee's rivals.


A year later, Conway rated the mayor's performance a "9.5 out of 10."


"I have a tremendous respect for Mayor Lee," he said. "He listens to people. He builds consensus, and that's an improvement from the past."


Conway said he and Lee are "too busy with our day jobs" to socialize frequently. Neither likes to publicly discuss their relationship. But when the mayor turned 60 in May, Lee and his family sat down for a three-hour private dinner with Conway and his wife, Gayle, at an Italian restaurant in North Beach, according to the San Francisco Chronicle's gossip columnists.


For Conway — whose calls to the mayor's office are considered the highest priority, City Hall insiders say — no issue facing his portfolio companies is too insignificant for him to get involved. In one instance this year, after social media company Pinterest moved to San Francisco, Conway pressed officials to repaint curbs to allow employee parking near the start-up's offices, according to two people with knowledge of the matter. The city refused; Conway denied that the incident occurred.


While some cities have cracked down on services like Airbnb, which lets residents rent out spare bedrooms and can run afoul of local lodging ordinances, Lee has taken the opposite tack. This year he formed a policy-making group to consider how to regulate and foster such companies, which are part of what's known in Silicon Valley as the "sharing economy."


The mayor has also urged Conway to help city initiatives. Conway recently contributed $100,000 toward a campaign to approve bonds to restore the city's parks, and gave $25,000 to a charity founded by Lee that funds impoverished public schools. When a group of software developers tried recently to create an app that would improve public bus performance but lacked funds for a pilot program, SF Citi stepped in and cut a check.


Lee said he hoped Conway would fill a void left by recently deceased philanthropists such as Gap Inc founder Don Fisher, real estate mogul Walter Shorenstein and private equity investor Warren Hellman.


"The tech guys like Conway usually want to meet presidents and such. You never see them play so deep in local government," said one Democratic fundraiser. "It's unusual."


But the tech world says the headlong plunge into local politics is classic Conway.


"When Ron is passionate about an issue or a company or a person, it's never a secret," said Twitter CEO Dick Costolo. "He's passionate about San Francisco right now, and it's exhibiting itself in the way he helps companies in the city, the way he helps the city. It's fantastic to see."


CHANGING TAX POLICY


Conway says his top priority is passage of the payroll tax reform initiative on November 6.


The measure would tax local businesses based on their gross receipts instead of the size of their payroll, which benefits low-revenue, high-headcount companies like startups. Financial, insurance and real estate companies would see their local taxes rise by 30 percent, while taxes will remain flat for most scientific and technical companies.


Crucially, the measure would also mean that proceeds from an IPO would not be subject to taxes.


Landlords, and to a lesser extent financial services companies, conceded that they had lost their first political fight with the tech industry, but took the long view.


"We knew we were going to be socked in a big way, and we worked early and long and hard with the city for a rate that was fair," said Ken Cleaveland of the Building Owners and Managers Association. "In the end it wasn't in our best interest to fight our tenants."


(Reporting by Gerry Shih; Editing by Jonathan Weber, Douglas Royalty and Dale Hudson)


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European fashion buyers look to Nigeria

























LAGOS, Nigeria (AP) — A model struts the runway wearing a flowing newspaper print gown in this African megacity where international high-end fashion buyers are looking beyond the country’s bleak headlines to uncover the next new thing.


There have been steady efforts to turn Lagos, a city with a fearsome reputation, into a fashion destination. They reached new heights at the MTN Lagos Fashion & Design Week that ran from Oct. 24 to 27 and drew European high-fashion brands such as the United Kingdom’s Selfridges & Co. and Munich-based MyTheresa.com to Nigeria for the first time.





















Ituen Basi’s newspaper inspired Spring/Summer 2013 collection was among 39 collections spotlighted at the city’s latest major fashion week. The Nigerian’s collection evoked fun and glamour through its use of print and color — characteristics which have come to define the vibrant local fashion scene.


With local brands seeking wider platforms and international retailers hungry for novelty, designers and buyers see opportunities for collaboration.


“There’s something about the fresh, the unknown, the possibility of seeing a new brand springing forth into the limelight. … These are becoming interesting to people outside Nigeria,” said Omoyemi Akerele, the fashion week’s founder and creative director.


An encouraging response to African-inspired designs by top Western labels gives buyers confidence that designs straight from the continent will also sell.


“Over the past few seasons, there’s been a strong trend for print,” said Bruno Barba, the brand public relations manager at Selfridges. “If you look at the collection of Burberry inspired by Africa last year; there was also Vivienne Westwood, Paul Smith. … They’ve made that inspiration quite mainstream now. So, for us, it was interesting to take that trend and take it from its roots in Africa.”


Online retailer MyTheresa.com, which ships top designers’ clothes including Miu Miu, Givenchy, Lanvin and Isabel Meron to clients in 120 different countries, is also looking for products in Nigeria that will sell well. The company hopes that will set it apart from the competition in a fast-paced industry.


“For me, Nigeria represents a fun individualism,” the company’s buying director Justin O’Shea said. He also said that MyTheresa.com was looking to work closely with designers and adapt products for their clientele if needed.


Previously, several Nigerian designers have helped put the West African nation on the global fashion map.


Deola Sagoe has gained recognition from U.S. Vogue editor Andre Leon Talley and Oprah Winfrey. London-based Duro Olowu is considered one of Michelle Obama’s favorite designers. Maki Oh has dressed American singer Solange Knowles and Hollywood actress Leelee Sobieski from her Lagos workshop. Jewel By Lisa, who has also dressed celebrities, designed limited edition BlackBerry mobile phone skins and jeweled cases for Canadian manufacturer Research In Motion Ltd.


While looking to Nigeria could bring much-needed novelty to clothes targeted to Western audiences, it could also endear a Nigerian clientele. Though the majority of the nation lives on less than $ 2 a day, the nation’s wealthy elite — including upstart business owners, oil industry executives and corrupt politicians — have a growing appetite for top-shelf brands. Luxury goods stores are increasingly opening in a country where seemingly gratuitous displays of wealth are the norm.


“Nigerians are part of our Top 10 highest-spending foreign customers,” Barba said. “It felt right for us to try and find a response that would appeal to them, excite them and be over and above what they already buy, almost as a recognition that they’re an important part of our consumer base.”


___


Online:


Lagos Fashion & Design Week: www.lagosfashionanddesignweek.com


Entertainment News Headlines – Yahoo! News



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Analysis: U.S. foreign bribery penalties for drugmakers may lack bite

























NEW YORK (Reuters) – Global drugmakers are paying tens of millions of dollars to settle U.S. allegations that they bribed their way across emerging markets, but harsher penalties may be needed to deter the practice in untapped regions where billions are at stake.


Federal authorities have cast a wide net to weed out suspected gift-giving and kickbacks to foreign doctors and government officials to gain a foothold in burgeoning new markets in Asia, Eastern Europe and Latin America.





















At least eight of the world’s top 10 drugmakers, including Bristol-Myers Squibb Co, Pfizer Inc and Johnson &, have disclosed U.S. probes under the 1977 Foreign Corrupt Practices Act (FCPA).


Pfizer agreed to pay $ 60 million this year to settle FCPA charges and J&J reached a $ 70 million settlement last year. Pfizer is on track to record $ 10 billion in sales from emerging markets this year, while J&J said Brazil, Russia, India and China accounted for just under 10 percent of the $ 65 billion in sales it reported last year.


With so much at stake outside of established markets in the United States and Europe, some experts say fines like these are hardly a deterrent.


“The $ 60 million fine for Pfizer to a lay person sounds like quite a bit of money, but in perspective it took less than two days of Lipitor sales during its peak. It’s really just chump change for them,” said Michael Leibfried, a senior analyst with market research consulting firm GlobalData. The cholesterol pill at its height was a $ 13 billion a year cash cow for Pfizer.


Kara Brockmeyer, chief of FCPA investigations within the Securities and Exchange Commission’s enforcement division, said the SEC and Department of Justice make a considerable effort to ensure penalties are appropriate and a deterrent. And there has yet to be a repeat FCPA prosecution.


The SEC relies on legal provisions that call for disgorgement of profits based on ill-gotten gains plus penalties. Companies that report violations and cooperate with authorities are often rewarded with penalty reductions.


“I would hate to think the companies view enforcement actions as the cost of doing business,” Brockmeyer told Reuters. “If we find that out, it will certainly increase the size of the penalty,” she said.


The law firm Shearman & Sterling, which puts out a semi-annual report tracking FCPA enforcement, found that penalties across all industries have averaged less than $ 20 million.


In 2009 Danish insulin maker Novo Nordisk paid $ 9 million for FCPA violations, while medical device maker Smith & Nephew this year agreed to $ 22 million in fines and profit disgorgement. The largest FCPA penalty on record was $ 800 million paid in 2008 by Germany-based Siemens.


The industry’s FCPA payments pale in comparison to billion-dollar settlements over allegations drugmakers promoted medications for unapproved uses in the United States. These penalties often involve how much federal Medicare and Medicaid programs spent on the so-called off-label prescriptions.


“I’m not terribly surprised that dollar settlements (for FCPA violations) are strikingly lower because the government isn’t directly being harmed,” said Boston University law professor Kevin Outterson.


PLAYING THE RIGHT WAY


Pfizer’s settlement covered infractions dating back to 2004, including some attributed to drugmaker Wyeth, which it bought in 2009. The company lightened its penalty by voluntarily providing information about kickbacks and bribes in Bulgaria, Croatia, Kazakhstan, Russia, China, the Czech Republic, Italy, Serbia, Indonesia, Pakistan and Saudi Arabia.


“Pfizer subsidiaries in several countries had bribery so entwined in their sales culture that they offered points and bonus programs to improperly reward foreign officials who proved to be their best customers,” Brockmeyer said in a statement at the time the settlement was announced.


Pfizer executives say their emerging market operations will not repeat those practices. It has introduced an anti-corruption audit program, closer monitoring of relationships with non-U.S. healthcare providers and government officials, a mandatory global training program for appropriate employees and enhanced due diligence to make sure buyout targets follow the rules.


J&J said it has enacted similar anti-corruption initiatives.


“We’re not out there to play the game that’s been played before,” said Adele Gulfo, head of Latin America for Pfizer’s emerging markets unit. “We’re either going to win by playing the right way or we’re going to find another place to go.”


Asked if there is still an expectation of payoffs for business in some Latin American circles, Gulfo said: “I’m sure it exists. I’d be naive to say it doesn’t exist.”


Latin American business practices were cited in August as the reason No. 1 generic drugmaker Teva Pharmaceutical Industries was targeted for an FCPA investigation.


J&J also voluntarily reported violations by foreign subsidiaries going back to 2007. Its settlement covered allegations of bribes and kickbacks to win business in Greece, Iraq, Poland and Romania.


DOJ spokeswoman Rebekah Carmichael said the penalties have already had a ripple effect in the industry, forcing companies to “make real, lasting changes to their operations that have altered the way they engage with foreign countries.”


BEYOND THE PENALTIES


The U.S. government sees vast potential for abuse in the drug industry’s business model, said Andy Spalding, assistant law professor at the University of Richmond and a senior editor for The FCPA Blog, which closely follows such cases.


“So much of their research and development, their marketing, their pricing and distribution and sales are occurring in foreign countries,” Spalding said. “And often they are occurring through a big chain of subsidiaries and other operations that make compliance challenging.”


Legal experts noted that any company subject to an FCPA probe is already spending a great deal to investigate the charges internally, and that the final cost can run into hundreds of millions of dollars.


“Overall expense vastly dwarfs the penalty,” said Philip Urofsky, head of Shearman & Sterling’s FCPA practice who previously worked on FCPA cases for the DOJ.


Drugmakers can have a tough time tracking kickbacks to local officials. Such payments, while widespread, are typically smaller than in other industries.


“In pharma there are thousands of daily interactions with government officials. There are always going to be people that step over the line,” Urofsky said.


Since FCPA investigations typically take years to come to a head, Outterson said the jury is still out on whether the current strategy is working.


“Whether they’re taking aggressive enough action to end it is a question we’ll know in five more years … when we see the cases refer to 2012.”


(Editing by Michele Gershberg and David Gregorio)


Seniors/Aging News Headlines – Yahoo! News



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Live-blog: Hurricane Sandy bears down on East Coast

Hurricane Sandy, a massive storm described by forecasters as one of the largest to ever hit the United States, is making her way towards the population-dense East Coast. Evacuations have been ordered from Maryland to Maine, where storm surge and high winds are expected to wipe out power to millions.


The Category 1 hurricane threatens nearly 50 million people, and is expected to make landfall around 8 pm Monday in New Jersey. Storm surges of up to 11 feet are expected in New York City, and rescue efforts are already underway for people who ignored evacuation orders on the coast of Delaware.


Yahoo News is tracking the latest in the live-blog player below, with dispatches from our reporters and editors in New York City, Washington, D.C. and elsewhere. We'll also pull in tweets from forecasters, storm chasers and others. We welcome Yahoo readers to join the chat and let us know what is going on in your neighborhood.



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