NAIROBI, July 9 (Reuters) - Kenya's new mining law, which will give the government a 10 percent stake in new projects and aim to spur growth of the sector, should be in place in September, the minister in charge of the plan told Reuters.

Kenya exports titanium, fluorspar and manganese and has reserves of coal, niobium and rare earths, but mining currently accounts for less than 1 percent of its economic output.

"We believe we have the resources and every day we are discovering new resources," mining minister Najib Balala said in his Nairobi office, adding the government was eager to put in place the "right framework."

The mining law was approved by the national assembly last year and is now awaiting approval by the senate.

It sets the average rate of royalties to the government for various minerals at 6 percent, with miners paying a lower rate when they process the minerals locally.

It also gives the government a 10 percent share, known as free carry interest, for projects that meet yet-to-be determined minimum investment thresholds.

"It is not about getting dividends and profits ..., but for us to hold the hands of that investor to make sure the project succeeds," Balala said.

Firms will also be required to sell 20 percent of their shares on the Nairobi bourse to raise capital and spread the ownership among Kenyans.

The minister said the government was close to sealing a deal with China's Exim Bank for the funding of a $67 million airborne survey to map Kenya's mineral wealth.

The 30-month survey will be carried out by Chinese firms with Kenya appointing an independent panel to oversee the quality of the results from the primary data.

Britain, which along with Australia has agreed to contribute experts to that panel, is funding another project to craft Kenya's 20 year mining strategy, Balala said. Consultancy firm McKinsey will lead the project.

Kenya has bid to host an Africa mining development centre being sponsored by the African Union and it also wants to set up a regional minerals and metals exchange over the long run.

Balala said government revenue from mining rose to 1.35 billion shillings ($13.43 million) in the year ended June, compared with 21 million shillings in 2012 before the ministry was created.

($1 = 100.5500 Kenyan shillings)

(Editing by Edith Honan and Mark Potter)

Summary: NAIROBI, July 9- Kenya's new mining law, which will give the government a 10 percent stake in new projects and aim to spur growth of the sector, should be in place in September, the minister in charge of the plan told Reuters. Kenya exports titanium, fluorspar and manganese and has reserves of coal, niobium and rare earths, but mining currently accounts for less than 1...


Being alone in a room making a mess is what first attracted me to painting. I think you have to love painting to study it and spend so much time doing it and looking at it. It's a bit like Martin Scorsese or Quentin Tarantino ... they're obsessive about watching and making films. I am obsessive about looking at and making paintings.

The viewer must use their imagination to complete my images, so I create images that trigger memories, or play upon images they may already have in mind about certain events. I like the idea of painting something that you may know a little about - the date, the place, the person - but that you don't necessarily have a specific image for.

For example, I'm currently working on a series of works for a forthcoming show entitled Endless Night. This series is basically a fictionalised display of homicides and suicides. They are carefully constructed scenes - a mixture of direct and obscure references. I'm interested in how art history gets separated from real history, and how you can put that back into time. For example, I didn't realise Manet was painting when Lincoln was shot. So there's a painting called Death of Lincoln that references Manet. Another painting is called Death of David Kelly - a very simple image, based on him at the moment of his death.

• Dexter Dalwood was born in Bristol in 1960. A survey exhibition of his work will be on at Tate St Ives from 22 January to 4 May. He is represented by Gagosian


In 2003, the members of The Boston Globe Spotlight Team won a Pulitzer-Prize for their working exposing the Catholic Church sex abuse crisis. Afterward, the team also wrote and published “Betrayal: The Crisis in the Catholic Church,” a book about the findings of their investigation.

Rachel McAdams is Sacha Pfeiffer

Rachel McAdams (left) and Sacha Pfeiffer.

Rachel McAdams rose to fame after her role in 2004’s “Mean Girls” and “The Notebook.” “Spotlight” isn’t her only newspaper-based drama; in 2009, she starred alongside Russell Crowe and Ben Affleck in “State of Play.” Other movies include: “Sherlock Holmes” (2009) and Woody Allen’s “Midnight in Paris” (2011).

Sacha Pfeiffer was a member of the Boston Globe Spotlight Team for five years. She is a reporter covering wealth, nonprofits, and philanthropy. She has also been a senior reporter and host of “All Things Considered” and “Radio Boston” at WBUR, Boston’s NPR station, and a host of NPR’s nationally syndicated “Here & Now” and “On Point.” At WBUR, she won a national Edward R. Murrow Award for broadcast reporting. Pfeiffer was a John S. Knight journalism fellow at Stanford University.

Mark Ruffalo is Michael Rezendes

Mark Ruffalo (left) and Michael Rezendes.

Mark Ruffalo played the Hulk in Joss Whedon’s “The Avengers” (2012); a sperm-donor father in “The Kids Are All Right” (2010); and took the lead as Larry Kramer in “The Normal Heart” (2014). He also directed and costarred in “Sympathy for Delicious” (2010), which won the Special Jury Prize at the Sundance Film Festival.

Michael Rezendes is an investigative reporter and the senior member of the Globe Spotlight Team, on which he has served for over a decade. Most recently, he exposed the sometimes fatal conditions at a state prison for mental health patients, leading to reforms and criminal indictments. In 2008 and 2009, he was the recipient of a John S. Knight journalism fellowship at Stanford University.

Michael Keaton is Walter “Robby” Robinson

Michael Keaton (left) and Walter V. Robinson.

A look at The Boston Globe’s coverage of sexual abuse in the Catholic Church and the movie “Spotlight,” which is based on the stories and the reporters behind the investigation.

Michael Keaton won a Golden Globe for his performance in “Birdman” in 2014. Keaton is known for his work in 1982’s “Night Shift,” and went on to appear in many memorable comedies, including “Johnny Dangerously” (1984) and “Beetlejuice” (1988). He played Batman in Tim Burton’s ”Batman” (1989) and the sequel “Batman Returns” (1992). He appeared in movies such as “The Paper” (1994), a film by Ron Howard, in which Keaton played the metro editor of a New York City tabloid.

Walter V. Robinson, who is the Globe’s Editor At Large, has been at the Globe as reporter and editor since 1972. As a reporter, he covered four presidential campaigns, two presidents and was the paper’s Middle East bureau chief during the first Persian Gulf War. He has reported from 33 countries and 48 states. He was also city editor, metro editor, assistant managing editor for investigations, and editor of the Spotlight Team for seven years. From 2007 to 2014, he was Distinguished Professor of Journalism at Northeastern University.

Alberto E. Rodriguez/Getty Images for TNT LA; Molly Riley/ AP

Liev Schreiber (left), Martin Baron.

Liev Schreiber is Marty Baron

Liev Schreiber is currently the star of Showtime’s “Ray Donovan,” in which he plays the title character. He’s also played Cotton Weary in three “Scream” movies, Ted Winter in “Salt” with Angelina Jolie (2010), and President Lyndon B. Johnson in Lee Daniels’s “The Butler” (2013). He was nominated for a Tony in 2007 for his role in “Talk Radio.”

Martin Baron was the editor of The Boston Globe from 2001 to 2012. He is now the editor of The Washington Post. Prior to working at the Globe, he served as executive editor of The Miami Herald.

Jim Davis/ Globe Staff/ file

Ben Bradlee Jr (left) talked with John Slattery when “Spotlight” was filming at Fenway Park in 2014.

John Slattery is Ben Bradlee Jr.

Boston native John Slattery began his acting career in 1988, but he made his name as Roger Sterling in AMC’s “Mad Men” (2007-15). He’s appeared in “Desperate Housewives” and “Will & Grace.” He produced and directed the movie “Gods Pocket” (2014), which starred Christina Hendricks and Philip Seymour Hoffman.

Ben Bradlee Jr. worked at the Globe for 25 years. He was on the Spotlight Team, and as an editor, he supervised the paper’s State House and City Hall bureaus, oversaw local news, and later was named deputy managing editor. He was the Globe’s national correspondent from 1982 to 1986. He has written several books.

Alberto E. Rodriguez/Getty Images; Susan Chalifoux/ globe staff

Brian d’Arcy James (left), Matt Carroll

Brian d’Arcy James is Matt Carroll

Brian d’Arcy James has had a successful career on Broadway, starring in “Shrek: the Musical” and “Sweet Smell of Success.” He also appeared in the TV show “Smash.”

Matt Carroll was a reporter with the Globe from 1987 to 2014. He was the database reporting specialist for the Spotlight Team. He was also part of the team that won the 2012 George Polk Award for Legal Reporting for its series on acquittal rates by judges in drunk driving cases. In 1994, Carroll started the Globe’s first internal website. Before joining the Spotlight Team in 1997, he covered business and suburban news. He is currently a research scientist at MIT’s Media Lab in the university’s Center for Civic Media.

Gene Amoroso is Steve Kurkjian

Gene Amoroso was in “Mystic Pizza” (1988), “The Invention of Lying” (2009), and “The Company Men” (2010).

Steve Kurkjian was at the Globe for 40 years, several of which were spent on the Spotlight Team. He wrote “The Heist,” a book about the Isabella Stewart Gardner museum art heist.

Maureen Keiller is Eileen McNamara

Maureen Keiller appeared in “Fever Pitch” (2005), “My Best Friend’s Girl” (2008), and “The Makeover” (2013).

Eileen McNamara was a Globe columnist, and worked at the Globe for almost 30 years. She won a Pulitzer Prize for Commentary in 1997. She is now a professor at Brandeis University.

Doug Murray is Peter Canellos

Doug Murray was in “How to Lose a Guy in 10 Days” (2003), “Family Biz” (2009), and “Man of the Year” (2006).

Peter Canellos was the editor of the Globe’s editorial page since from 2009 to 2014. He at was the Globe for 26 years, including positions as metro editor and chief of the newspaper’s Washington, D.C., bureau. He is now the executive editor at Politico.

Michele Proude is Lisa Tuite

Michele Proude also appeared in “Gone Baby Gone” (2007), “Underdog” (2007), and “Clear History” (2013).

Lisa Tuite is the head of the library. She directs a staff of researchers who provide news research and investigative research to reporters and editors. She has worked closely with all the Spotlight teams in her 36 years at the Boston Globe.

Summary: Here’s a list of the Globe staff members that appear in the movie.


A five-year-old has patiently demonstrated how to change the wheel bearing on a 2001 Toyota Corolla – with a little help from his father.

Phoenix, otherwise known as the ‘Kindergarten Mechanic’, got his hands dirty in an instructional video posted to YouTube.

The pint-sized grease monkey has no trouble operating tools that are bigger than him, although he is nearly bested early on by a particularly stiff lug nut.

Undeterred, Phoenix continued to disassemble the front wheel of the Corolla, working his way through the hub cap, brake assembly and all the way down to the axle shaft to reach the troublesome wheel bearing.

It’s not all work and no play, however. Phoenix took some time to add the occasional dose of theatre into the repair job; including a reimagining of a classic fairytale.

“This bearing push plate is too big!” he exclaimed, continuing to explain that “this bearing push plate is too small” before finally, after finding the correct sized plate, concluding “this bearing push plate is just right!”

While neither Phoenix or his Dad are licensed mechanics, the repair job was a complete success, and the car is still in good condition one year after the video was filmed.

The YouTube video has gone viral in recent days, with over 28,000 people having watched the impressive demonstration.


Gone dark: The Eiffel Tower has gone dark following the attack on the City of Light

11/13/2015 AT 09:00 PM EST

, Paris has gone dark.

The city's signature monument, the Eiffel Tower, turned off its lights in memoriam of the more than 100 victims who lost their lives in multiple terror attacks across the city.

Another sign of the wave of humanity and compassion flooding the city after the horrific incidents.

While there's no official number of deaths yet, the toll continues to climb and is estimated to be around 140 people.

On Friday night, suicide bombers and gunmen stormed the city, gunning down innocent citizens at a local restaurant and detonating explosives outside the Stade de France where French President Francois Hollande was evacuated.

The worst of the attacks occurred at the Bataclan concert hall, just 200 yards from the former offices of

– the site of a January attack against the satirical publication.

Although, thousands of miles away, New York City gave its own tribute. However, rather than going dark, the city lit Once World Trade Center in blue, white and red to represent the French flag.

At least 118 hostages were killed in the concert hall where American rock band

One World Trade Center pic.twitter.com/PkhthDMHDQ

As the Paris recuperates, residents have done more than simply shutting off the lights. Many have utilized the hashtag #porteouverte, welcoming victims and any of the displaced into their homes. Taxi drivers in the city have also gone dark, turning off their meters and getting people to safety free of charge.

Summary: As the death toll rises in Paris, the city has gone dark in memoriam of more than 100 victims


After the data breach heard 'round the world hit Target last year, will shoppers behave any differently this Christmas?

According to a new study by Deloitte, although 42 percent of consumers said they are concerned about their personal data when making in-store purchases, 56 percent will still shop this holiday at retailers that have experienced a data breach.

The research follows similar findings in a report from CreditCards.com released earlier this month, which found that 52 percent of major credit and debit card holders either "probably" or "definitely" would shop at a store where shoppers' personal information had been exposed.

That's good news for such retailers as Target, Home Depot, Kmart and Michaels, which have fallen victim to data breaches over the past year.

"The consumer's now somewhat desensitized [to breaches]," said Rod Sides, principal at Deloitte Consulting.

Read MoreWho needs Black Friday? Retail cutting prices now

This is particularly true among higher-income households, according to the CreditCards.com report. It found that only 31 percent of households earning $75,000 or more annually said they were likely to avoid affected stores, compared with 56 percent of those with an annual income of less than $30,000.

Summary: Although many consumers said they're concerned about their data, 56 percent will still shop at retailers that experienced a data breach.


Samsung Electronics is in dire need of crisis management, analysts say, as ineffective product differentiation sparks margin erosion and a decline in market share.

Until recently the world's largest smartphone marker was considered an unstoppable force. However, with key rival Apple getting its groove back and intensifying competition from low-end handset manufactures in emerging markets, things don't look so rosy anymore.

Shares of Samsung are down 10 percent year to date, far under-performing Apple shares, which are up 28 percent.

"Samsung is currently in crisis mode," CW Chung and Taeyoung Kim, analysts at Nomura wrote in a note titled 'Crisis management ability much needed' in which they downgraded their price target on the stock to 1.55 million won from 1.8 million won. Samsung shares last traded at to 1.23 million won ($1,210).

Read MoreSamsung Elec sees tough Q2 after profit slips

Profitability is deteriorating more steeply than expected, Chung and Kimg said, warning Samsung is unlikely to meet third quarter guidance for a 10 percent on-quarter rise in smartphone shipments and 10 percent decline in average selling price (ASP).

Mobile carriers appear reluctant to bear the inventory burden that resulted from Samsung's unsuccessful product differentiation, especially ahead of Apple's iPhone 6 launch expected in September, according to Chung and Kim.

"Hence, there could be some potential downside in terms of ASP and shipments for high-end," they said.

Furthermore, intensifying competition from Chinese players will present a major headwind to the company's mid-to-low end smartphone business.

Summary: Samsung is in need of crisis management, analysts say, as ineffective product differentiation sparks margin erosion and a decline in market share.


FORTUNE — Do people really spend more when they feel richer? Economists, including Federal Reserve Chairman Ben Bernanke, have often referred to the concept of the “wealth effect,” saying that higher stock and home prices could eventually spur more consumption.

This has generally played out in recent history. But as the U.S. economy recovers from a deep recession, it remains to be seen whether a rise in asset prices will bump consumer spending as much as it once did.

In 2010, as companies reported better-than-expected earnings and the Federal Reserve pledged to buy up to an extra $600 billion in Treasuries to help stimulate the economy, the S&P 500 advanced 23% from its July low. The momentum continued in 2011, and the Dow Jones Industrial Average is now at its highest level in three years.

In defending the Fed’s bond-purchasing plan late last year, Bernanke said that “higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.” The Fed is expected to announce next week that its quantitative easing program will end in June.

Stock prices certainly are higher. So where’s the wealth effect?

The unfortunate reality is that most people haven’t benefited from a rising stock market. As Barry Ritholtz has pointed out, 80% of American families have less than a 10% stake in the stock market — only the wealthiest Americans invest heavily in 401k plans and retirement accounts.

To be sure, consumer spending has been inching back, with purchases increasing 0.7% in February following a 0.3% rise the prior month, according to the Commerce Department’s latest report released in March. But the latest increases mostly reflect higher food and gas prices. And many analysts say high unemployment, although it’s slowly improving, could continue to constrain consumer confidence.

It could be that home prices have a bigger wealth effect than stocks, as some economists argue. When prices surged in the late 1990s and early 2000s, consumption outpaced income growth, according to a report by the U.S. Congressional Budget Office. But since people spent more, they saved less. And during that period, the personal savings rate steadily dropped from 2.5% to negative 0.9%.

The overall wealth effect is relatively modest. The general rule of thumb is that a $1 rise in the price of a home generates two to five cents of additional spending annually, says David Backus, economics professor at New York University’s Stern School of Business. Many expect home prices still have further to drop this year. But when they rebound, could this eventually lead to more consumption?

Before the collapse of the housing market in 2008, homeowners, particularly younger ones, commonly borrowed against their houses and spent the extra cash. But the idea of home ownership as an investment vehicle has been eroding, as millions find themselves stuck with mortgages worth more than the value of their homes.

“There’s a question going forward if people are going to treat houses like piggy banks again,” says William Miles, economics professor at Wichita State University, who studied the wealth effect. “It is perhaps questionable we will see as large a housing effect than in the past.”

And maybe that’s a good thing.

Summary: Rising assets are supposed to create a feeling of confidence, which in turn leads to more spending. But neither higher stocks nor a rebound in home prices will likely have that effect this time.


Household debt is on the rise again, as a recovering economy and labor market boost consumer confidence.

According to the latest data from the Federal Reserve, U.S. households borrowed $212 billion in new loans in the third quarter of 2015, much of that driven by a boom in auto lending. On Thursday, the Wall Street Journal published a report which raised the question of whether regulators should be worried about the quality of lending in the auto market.

“Over the six months through September, more than $110 billion of auto loans have been originated to borrowers with credit scores below 660, the bottom cutoff for having a credit score generally considered good,” the report reads. “Of that sum, about $70 billion went to borrowers with credit scores below 620, scored that are considered bad.”

Regulators are taking notice too. In a speech last month, Comptroller of the Currency Thomas Curry said that what was happening in auto lending, “reminds me of what happened in mortgage-backed securities in the run up to the crisis,” while Richard Cordray, director of the Consumer Financial Protection Bureau last year warned that subprime borrowers might be subject to predatory practices.

But while consumers should be wary of lenders who seek to bilk them with high fees and other tricks, there are a couple major differences between mortgage loans and auto loans that should keep the rest of us from worrying that the auto loan market will crash the broader economy. As my colleague Stephen Gandel argued in a report on subprime auto debt, cars are much cheaper and easier to recover and resell in case of a default, as opposed to real estate. Second, the duration of car loans are much shorter than mortgages, making them more stable and easy for investors to value.

Summary: They're soaring.


LONDON, Nov. 5— Robert Maxwell, the flamboyant and combative British publisher whose global empire includes The Daily News in New York, vanished suddenly from his yacht today while cruising off the Canary Islands. His body was discovered hours later, floating in the sea.

The sole passenger on his vast, 180-foot, white-carpeted yacht, the 68-year-old Mr. Maxwell had last been seen alive by members of the 13-member crew in the dim pre-dawn light, pacing the decks alone.

Crew members reported him missing about six hours later, when the yacht dropped anchor at 11 A.M. off the coast of Tenerife and they discovered his stateroom was empty. Body Recovered From Sea

Spanish maritime authorities said Mr. Maxwell's body was recovered late this afternoon from calm seas about 20 miles southwest of Grand Canary Island, following an extensive air and sea search.

The body, which Spanish officials said was unclothed, showed no signs of violence. It was taken immediately to a forensic institute in Las Palmas, on Grand Canary Island, for an autopsy to ascertain the cause of death.

Details of the bizarre death continued to unfold through the evening, with reports surfacing that Mr. Maxwell's mansion outside Oxford was under guard tonight. Meanwhile, colleagues who knew of telephone conversations Mr. Maxwell had from the yacht with family members and business associates in the hours before he died expressed bafflement, saying there was nothing in his manner to suggest he was distressed or acting oddly. Built Publishing Empire

Mr. Maxwell fled the collapse of Czechoslovakia in 1939 to become one of the most powerful publishers in Britain and the world, presiding over a multibillion-dollar empire that he assembled with brass and bravura over 40 years. [ Obituary, page D23. ]

Mr. Maxwell's abrupt and unexpected end raised questions about what will happen to his business holdings, including The Daily News, which he purchased earlier this year as it teetered near collapse after a long strike.

Analysts of the newspaper industry said that the death had cast the fate of the New York newspaper into serious doubt, with one expert noting that the Maxwell committment to the paper was "more personal than corporate; more an ego trip than an investment." His tangled empire also includes Macmillan Inc., the publishing company, The Daily Mirror in London, and The European, a weekly newspaper designed to cover and circulate in an integrating Europe. Sons to Head Empire

Ian and Kevin Maxwell, two of Mr. Maxwell's sons, were named acting chairmen today of, respectively, the Mirror Newspaper Group and Maxwell Communications Corporation.

The mysterious circumstances of Mr. Maxwell's death write a dramatic final scene for a man who himself seemed larger than life. Once a penniless refugee from Nazi persecution, he came to command a global business empire, and count among his acquaintances many world leaders.

Politicians and colleagues in Britain rushed to pay him tribute today, describing him as "the Citizen Kane of his time," reflecting the penchant for controversy that had characterized his life until the last. Charge of Israeli Link

Two weeks ago, he was described in a book as being closely linked with the Mossad, the Israeli secret service, an allegation that sparked an intense flurry of controversey here when it was aired in Parliament.

Mr. Maxwell described the allegation as "ludicrous, a total invention," and filed a libel action against the author, Seymour Hersh, a former reporter for The New York Times who is working on a special project for The Times's Washington bureau.

The book, "The Samson Option," which describes the development of Israel's nuclear weapons program, also accused Nicholas Davies, the foreign editor of The Daily Mirror, Mr. Maxwell's flagship paper, of working closely with a Mossad agent, and dealing in arms.

Mr. Davies denied the charges and filed a libel suit of his own, but was later dismissed by Mr. Maxwell after questions were raised about a trip he allegedly made to Ohio to visit an arms merchant.

There has also been mounting speculation about the condition of Mr. Maxwell's financial empire.

A spokesman in London for the Mirror Newspaper Group said Mr.Maxwell had been on a solitary sailing holiday off the coast of North Africa since last Thursday, and was due to return to London late today or Wednesday.

He was reported to be the only passenger aboard the gleaming yacht, the Lady Ghislaine, a 430-ton luxury vessel which is named after one of Mr. Maxwell's daughters. The yacht cost an estimated $25 million when it was commissioned in 1986 by a brother of Adnan Khashoggi, the Saudi Arabian arms dealer.

The news that Mr. Maxwell was missing first broke in London in mid-afternoon, when his two publically owned companies, Mirror Newspaper Group and Maxwell Communications Corporation, announced they were voluntarily suspending trading on the London stock exchange. Announcement in Britain

Shortly afterwards, the Mirror Group released a brief, eight-sentence statement, saying that Mr. Maxwell "is missing at sea, feared lost overboard."

The statement reported that a search was under way, and that weather conditions were good. The company also said that Mr. Maxwell's wife, Betty, and his eldest son, Philip, had left for Tenerife.

According to a chronology pieced together from various company and official statements, Mr. Maxwell had boarded the yacht alone in Gibraltar last Thursday, after flying to the British colony from London.

The yacht sailed to Madeira, off the coast of Morocco, and then on to the Canaries over the weekend. On Monday, Mr. Maxwell had telephone conversations from aboard the yacht with an executive of Mirror Group Newspapers, a lawyer in Paris and members of his family. 'Perfectly Good Mood'

A company offical later described Mr. Maxwell as being in a "perfectly good mood."

Later, crew members reported seeing Mr. Maxwell walking on the deck of the yacht at about 4:25 A.M. Charles Wilson, executive editor of Mirror Group newspapers, said in an interview that it was not unusual for Mr. Maxwell to keep such late hours.

"He was a light sleeper, often up and about throughout the night," he said.

Then about 20 minutes later, the crew reported he called the bridge from his stateroom, asking that the air conditioning in his quarters be turned down.

That was the last time the crew reported any contact with Mr. Maxwell. About six hours later, at 11 A.M., the crew attempted to put a telephone call from New York through to Mr. Maxwell's stateroom, and there was no answer. When they went to investigate, they discovered him missing.

After a thorough search of the yacht, the crew asked for help from Spanish maritime authorities in mounting a search.

The body was discovered in the sea just before 6 P.M., by helicopters from Spanish Air Sea Rescue. Mrs. Maxwell and her son later positively identified the body.

Photo: Robert Maxwell aboard his yacht last March in New York City. (Keith Meyers/The New York Times) (pg. A1) Chart: "Maxwell's Major Holdings" Kevin F.H. Maxwell was named acting chairman of Maxwell Communication Corporation, while his brother Ian R. Maxwell was named acting chairman of the Mirror Group. Maxwell Communication Corporation Information Services and Electronic Publishing * Official Airline Guides * Maxwell Multimedia Publishing Group * Maxwell Macmillan Information Services * Maxwell Macmillan Professional and Business Reference Publishing * Nimbus Records School and College Publishing * Macmillan-McGraw Hill-School Publishing Co. * Macmillan College Publishing * Jossey-Bass Reference and Professional Publishing * Macmillan Publishing Co. * Encyclopedia Publishing * Macdonald Group * Fixot * Maxwell Magazines & Exhibitions Language Instruction * Berlitz International * International Learning Systems Associated Companies * Donoghue Inc. * BPCC Ltd. * Quebecor Printing Mirror Group (51%) * Daily Mirror, London * Sunday Mirror, London * The People, London * Daily Record, Glasgow * Sunday Mail, Glasgow Other Holdings * Daily News * The European * Maxwell Satellite Communications * The Racing Times * One-third of Ma'ariv (Sources: Company reports; Associated Press) (pg. D22) Maps showing location of the Canary Islands; and point where Maxwell's body was discovered. (pg. D22)


A quick-fire comedian broke the Guinness World Record for the most jokes told in one minute.

Clive Greenaway, 57, managed to spit out 26 one-liners in just 60 seconds.

“When I heard a German held the world record form telling the most jokes in one minute I couldn’t believe it and knew it had to be broken,” the British comic told the Telegraph. “There was a lot of training that went into it. After I wrote down 30 jokes it took me months to practice them and get them word perfect and build up my delivery speed.”

Some jokes included, “My wife dresses to kill — and cooks the same way” and “Went to the paper shop — but it had blown away.”

Quantity over quality, I guess.

Read next: 790 Aussies Just Held the World’s Biggest Skinny-Dip

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Summary: He tells 26 joke in 60 seconds


Former NFL great Joe Namath is appealing to the public for help in finding two 14-year-old boys, who have been missing at sea since Friday.

“We’re all praying,” Namath, flanked by the boys’ families, said at a press conference on Sunday in Tequesta, Fla., according to Fox News. “We got a lot of people out on the water and in the air looking for them. We’ll stay out there until we find them.”

The boys, Austin Stephanos and Perry Cohen, embarked on a fishing trip in a 19-foot boat in the Atlantic Ocean on Friday. They were last seen buying fuel on Friday afternoon near Jupiter, Fla.

Perry is the son of Namath’s neighbor.

The boys’ families are offering a $100,000 reward for their safe return.

Summary: The two boys—one of whom is Namath's neighbor—have been missing since Friday.


The European Union’s lawmakers know they face a problem with “geo-blocking” — where online retailers and digital media vendors in one EU country won’t sell to people in another. The question, how much of a problem?

That’s what the European Commission’s competition directorate set out to find last year, when it asked businesses to describe their geo-blocking practices. The results are in and, according to the preliminary results, the issue is widespread.

Why does this matter? Imagine if consumers and businesses in the U.S. got charged different prices from online suppliers according to which state they’re in. The uniformity of the American market is one reason the country works so efficiently in the online realm, and the EU — which is supposed to be a single market anyway — wants to reach the same point.

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According to those preliminary results, there’s a difference in how things work with online retailers of physical goods and those selling digital content, such as music and movies.

When it comes to the retail of ordinary consumer goods, 38% of the sellers put geo-blocking restrictions on their sales — they refuse to sell to those in other countries, they refuse payment from other countries, they route customers through to local versions of their websites, or sometimes they block foreigners from even seeing their web stores.

However, in most of those cases it’s down to the retailer to decide how open they want to be to trade in other countries. When it comes to digital content, where a whopping 68% of sellers have geo-blocking restrictions, it’s usually their suppliers who are demanding the blocks be put in place.

That’s where it potentially becomes an antitrust issue. Here’s what Margrethe Vestager, the Commission’s competition chief, said in a statement.

“The information gathered as part of our e-commerce sector inquiry confirms the indications that made us launch the inquiry: Not only does geo-blocking frequently prevent European consumers from buying goods and digital content online from another EU country, but some of that geo-blocking is the result of restrictions in agreements between suppliers and distributors. Where a non-dominant company decides unilaterally not to sell abroad, that is not an issue for competition law. But where geo-blocking occurs due to agreements, we need to take a close look whether there is anti-competitive behaviour, which can be addressed by EU competition tools.”

This is not to say there will definitely be an antitrust crackdown, but it is certainly starting to look that way. The Commission said it would tackle antitrust abuses, where they exist, on a case-by-case basis.

The Commission has for the last year been trying to establish (not for the first time) a proper digital single market in the EU. It has several ways in which to try cracking this nut, and competition is only one of them.

For more on EU antitrust, watch:

However, the alternatives have turned out to be political quagmires. Particularly when tackling digital content, the Commission’s upcoming copyright reforms are likely to be weak sauce thanks to countries such as France, whose entertainment industries see lucrative market segmentation as their best defense against the Hollywood hegemon. It may not be in the best interest of consumers, but divide-and-conquer suits the industry just fine.

Of course, the U.S. studios are themselves very keen on segmentation, so they can control release windows and score the best-paying deals with broadcasters and other distributors in each country. That’s where Vestager’s department has already stepped in, issuing charges last July against the big studios over their country-specific deals with pay-TV providers.

Having already waded into the pay-TV aspect of this issue, it could be that Vestager is preparing to seriously tackle the online angle too.

Summary: The European Commission says geo-blocking, where online sellers refuse to serve people in other EU countries, could breach antitrust rules.


Sofia Coppola's "Somewhere," the tale of an actor who sees the emptiness of his existence through the eyes of his child, won the top Golden Lion prize at the Venice film festival Saturday.

Director Quentin Tarantino headed the jury, which unanimously chose Coppola's film as the best movie at the 11-day annual festival.

The buzz in the final days of the festival had pegged "Somewhere" as a sure winner, and the jury appeared to have had no doubts, either.

"This film enchanted us from its first screening," Tarantino said. "It has the artistry we were looking for in a Golden Lion" winner, he told the closing ceremony.

Coppola has described the film, which made its world premiere at Venice, as a "portrait of today's L.A."

"Somewhere" is the fourth feature by Coppola, who is also one of the few female directors ever to be nominated for an Academy Award - for "Lost in Translation".

In "Somewhere," Stephen Dorff plays a Hollywood star whose somewhat empty life is enriched by the arrival his daughter, played by Elle Fanning. The film takes place nearly entirely in hotels, mostly the Chateau Marmont in Los Angeles.

Coppola, 39, herself grew up in the world of film thanks to her father, director Francis Ford Coppola. When presenting the film, Coppola reminisced that she and her family spent a lot of time growing up in hotels where her father was out on location while filming.

As a child she stayed at the Marmont with her father. When the film was screened at Venice, early in the festival, Coppola told reporters her father "loved" it.

"Thanks to my dad for teaching me," Coppola said, accepting the award.

Tarantino paused for a moment and seemed to fight back tears when he was about to announce that Coppola had won the Golden Lion. The two, who dated years ago, warmly hugged each other.

When asked later at a news conference if it was a difficult situation to give the prize to a friend, Tarantino replied that he didn't "let anything like that affect me."

"There was no me steering any directions. Sofia doesn't know any of these other people on the jury and her prize was unanimous," Tarantino said.

Other awards included the Silver Lion for best director, which went to Alex de la Iglesia for his "Balada triste de Trompeta" ("A Sad Trumpet Ballad"). The Spanish director also won the best screenplay award for the film.

The top actor award was given to Vincent Gallo, who played a terror suspect plotting his escape in "Essential Killing," by Polish director Jerzy Skolimowski. Best actress honors were awarded to Ariana Lebed, a Greek actress who discovers herself through her friendships, in "Attenberg," a film by Greek director Athina Rachel Tsangari.


North Korea has slammed the upcoming Seth Rogen and James Franco comedy about Kim Jong Un’s assassination as an example of the “desperation” of American society, but a spokesman for the North Korean leader says he will probably watch the movie anyway. Probably because the movie seems awesome.

The Interview, due in theaters in October, stars Rogen and Franco as a talk show team who are tasked with assassinating the North Korean dictator after the CIA finds out he’s a fan of their show. Kim Myong-Choi, executive director for the Center for North Korea-US peace and an unofficial spokesman for Kim Jong Un, said the North Korean leader would watch the film despite the fact that it lampoons his own death. But Myong-Choi also said Rogen and Franco’s joke about assassinating foreign leaders is a little too real.

“A film about the assassination of a foreign leader mirrors what the U.S, has done in Afghanistan, Iraq, Syria and Ukraine,” he told The Telegraph in an interview. “And let us not forget who killed Kennedy—Americans.”

“In fact, President Obama should be careful in case the U.S. military wants to kill him as well,” he added.

Rogen wrote on Twitter that he hopes Kim Jong Un likes the movie.

Summary: Sort of like going to your own funeral


Related: Snowden's leaks forced NSA reform on Congress. The US would still jail him | Trevor Timm

Edward Snowden has been called many things for revealing how Americans are surveilled upon by their government – “traitor”, “thief”, even “spy” – but perhaps the most telling is his newly assigned cover name in Washington: “Eric”.

As hawkish politicians scramble to adjust to a bewildering new mood of reform in Congress, their rage is focused on the source of the information that led the Senate and House of Representatives to vote overwhelmingly to rein in the National Security Agency via the USA Freedom Act, which was signed into law on Tuesday.

Unfortunately, their statements reveal that several of his most prominent critics cannot remember what the NSA whistleblower is actually called.

“It was not a public program until Eric Snowden – a traitor to the United States – published a lot of information about what the intelligence community does,” fumed the chairman of the Senate intelligence committee, Richard Burr.

“This was one small piece and Eric Snowden put the lives of Americans and foreigners at risk,” added the North Carolina Republican, shortly before 67 of his colleagues voted to ban a programme that most claim they were not aware of.

Burr’s intelligence committee has been consumed with the aftermath of the Snowden revelations for two years and, only this week, he co-sponsored a failed amendment designed to restore the secrecy.

The reference to Eric is unlikely to spring from genuine ignorance, therefore, and may instead have been a temporary slip – or a deliberately casual approach to show his disdain.

An alternative explanation is that the amnesia is contagious.

The Maryland Democrat Barbara Mikulski, whose state is home to the headquarters of the NSA, has been sowing the seeds of doubt on the Senate floor for days.

“We cannot let this country go dark,” railed Mikulksi a week earlier when the Senate shut down not just bulk collection, but a host of other surveillance programmes by failing to renew their expiring legal authority before going on recess.

“I’ve got to believe that tonight the world is watching us and they say: ‘There goes the United States Senate and there they go home [sic]. Ha ha ha!’ They have a programme that someone literally disgraced, tried to disgrace the United States of America and render it helpless in terms of our ability to protect us. The name is Eric Snowden.”

Mikulski has made repeated references to “Eric” Snowden over a period of months.

“Eric Snowden has his time,” she told fellow intelligence committee members last June. “He gets an hour on TV. He gets a hurrah from [former NBC anchor] Brian Williams.”

And as recently as Monday, while acknowledging some reform in the shape of the USA Freedom Act was necessary, the Maryland Democrat was at it again, as she praised NSA employees for working “a 36-hour day”.

“These men and women at times ever since Eric Snowden have been wrongly vilified by those who don’t bother to inform themselves about national security structures and the vital functions they perform,” she said. “Glib one-liners and snarky comments have been the order of the day.”

Such errors, also repeated in the media, have indeed generated some snark online, not least from those unfortunate enough to actually be called Eric Snowden.

Wait, I did what? https://t.co/GJ4UB7vNBt

The slips are not constrained to Senate intelligence committee members either.

The Tennessee Republican Lamar Alexander sought to ridicule Barack Obama last year by comparing his secrecy over healthcare reform with Snowden’s bean-spilling.

“With WikiLeaks and Eric Snowden spilling our beans every day, what’s happening on the Obamacare exchanges is the best-kept secret in Washington,” said Alexander.

Even chief NSA critic Rand Paul has erred from time to time, telling CNN’s Wolf Blitzer in January: “Who are we going to hire, Eric Snowden’s contractor, to hold all the information? I don’t want them collecting the information. It’s not about who holds it. I don’t want them collecting every American’s information.”

But the casual disregard for Snowden’s correct identity among those who simultaneously seek to brand him as public enemy No 1 is what riles privacy campaigners most.

2 years later Barb Mikulski is still railing against Eric Snowden.

When the former presidential nominee Mitt Romney took to Fox News in January to accuse Russia of “harbouring of Eric Snowden” as a deliberate “stick of the eye toward us” he also inadvertently hinted at another reason the NSA whistleblower might be stuck in Moscow.

When the US government first sought to prevent the fugitive from leaving Hong Kong, the local justice secretary, Rimsky Yuen, claimed the reason it was refused was because the State Department got his middle name wrong in the paperwork: calling him Edward James Snowden rather than Edward Joseph Snowden.

Summary: Edward Snowden became one of the world’s most famous names when he blew the whistle on NSA surveillance. Not that US politicians seem to have noticed


Just because the common cold is far down the totem of diseases doesn't make it any more tolerable. Despite all the brilliant advances in modern medicine, nothing makes a worthless, incurably sniffly mess like a good old-fashioned cold virus. But a team from McMaster University in Ontario thinks it has the key to saving you some sick days.

The study, published in the science journal Nature Immunology, identified a protein usually involved in metabolism that helps your immune system detect viruses in your body. It works by triggering an antiviral response — exactly what your body needs to do if it wants to fight off enemy viruses.

But knowing the mechanism to track down viruses is much bigger than common colds and herpes. This also affects oncoviruses, the viruses that cause some cancers.

"This identifies a critical component of the machinery that immune cells use to detect viruses," Brian Lichty, a professor of pathology and molecular medicine at McMaster University, told Mic in a phone call on Monday. "This means that, the better we understand this pathway, the better we can stimulate it."

In other words: Understanding this part of the immune system means knowing how to start vaccinating against viruses — and even cancer.

Related: Also see foods that help you prevent illnesses:

A cure for the common cold? This could be the breakthrough we've needed for decades

The problem with cold viruses: Unlike the flu, which can be vaccinated against, there are hundreds of them going around. Even though they all act roughly the same way in your body, "curing" the cold means wiping out the whole list. So, if you vaccinated against an adenovirus, you could still get a rhinovirus or a coronavirus, and you'll still have the same cold-like symptoms.

Before this study, researchers had a vague idea of how a protein coding gene in the body went into battle mode when a virus popped up, but they didn't really get why. Being able to understand how the immune system detects viral infection could be the first major step toward harnessing the antiviral response in a vaccine.

What's especially great about the finding is its implications for cancer research and tracking down a cure, meaning there could be a fair amount of money thrown at it. One of the main reasons we don't have a cure for the common cold is because the symptoms are mild, while finding a treatment is a pain in the ass. But if industry starts throwing money at this technology in the name of cancer research, a common cold cure could ride on its coattails. It'd be like hitting two vastly different birds with one long-needed stone.

More from Mic.com: This Weird Blue Ribbon in Space Is Actually a Nursery of Future Stars Drinking in the Heat During Summer Music Festivals? You Could Actually Die Your Maple Syrup Will Be Darker This Year and It's Likely Due to Climate Change

Summary: A team from McMaster University in Ontario thinks it has the key to saving you some sick days at work.


Looking and sounding more like an ambassador than a prizefighter, Muhammad Ali made the reentry from the Kremlin to the Big Apple yesterday without missing a syllable.

“I'm not worried no more about any nuclear attacks,” the former heavyweight champion told welcomers at Kennedy Airport after returning from a 10‐day visit to the Soviet Union. “Those people are the most peaceful people I've seen.”

In subdued tones that matched his dark pin‐striped suit, Ali said that President Leonid Brezhev had not given him any particular “special message” to deliver to President Carter.

“I promised Mr. Brezhnev that what he told me wouldn't go no farther than me.” the 36‐year‐old Ali said, “unless I told it to Mr. Carter. But I don't have a special message.”

Ali met for nearly an hour with the Soviet leader during the goodwill tour of that country. And yesterday he confessed that he had felt “humble” in the presence of Brezhnev.

“I wasn't the greatest,” Ali said. “He war the greatest. There's no big shots in Russia. Everybody's plain and simple. Even Mr. Brezhnev.”

Ali, who is seeking to become the first man to regain the world heavyweight title three times, said he would begin serious training next Sunday for his Sept. 15 return bout with Leon Spinks in New Orleans. Informed that Spinks had been arrested again early yesterday for driVing without a license in North Carolina, All limited his response to a mild jab.

“The only way Spinks can stay in the papers is to get locked up, he add “I can go talk to presidents. I think I can do as much for peace es anyone in Washington except for the President.”

Ali's eight‐member entourage, which included his wife, Veronica. flew home from Moscow aboard a four‐engine Ilyushin 62 jetliner operated by Aeroflot, the Soviet airline. The plane, after a stop at Gander, Newfoundland, touched down in New York at about 3 P.M. Ali later transferred to a domestic line for a flight to his home in Chicago. His hastily arranged news conference was set up in an arrivals area of the Pan American terminal.

“I was a little nervous when I first landed in Russia,” Ali said. “Maybe I expected to see a dingy place with a bunch of robot‐minded sad people standing around and agents bugging your room. What I saw was about a hundred nationalities living together in harmony.”

Ali conceded that both countries, the United States and the Soviet Union, “have good and bad points.” But he said he had seen a lot of things in the Soviet Union that pleased him.

“I saw only one policeman,” he reported. “I didn't see no guns. No crime. No prostitutes. Not one homosexual.”

As he had done during his trip, All reiterated his view that religious freedom exists among Russians.

“The Jews go to synagogues,” he said. “The Moslems have mosques everywhere. The Catholics are free to worship.”

Irving Rudd, a publicity man who will be working on the September bout, paid tribute to Ali's contribution to diplomacy.

“I was really proud of the way he carried himself with Brezhnev,” said Rudd, “This guy boggles me. Who ever sees Brezhnev? Not even Pelé sees Brezhnev.”

Rudd also was grateful for the “war and peace” theme Ali had mentioned in Moscow: peace among the people, war on Leon Spinks when the two heavyweights meet again. But All wasn't in the mood yesterday to use the word “war,” even in connection with Spinks.

“No war,” he said. “I'm just going to try to get in shape, do the best I can.”

We are continually improving the quality of our text archives. Please send feedback, error reports, and suggestions to archive_feedback@nytimes.com.

A version of this archives appears in print on June 22, 1978, on page B6 of the New York edition with the headline: Ali the Ambassador Returns Home With Positive Impressions of Russia. Order Reprints| Today's Paper|Subscribe

Summary: arrives in US following visit to Soviet Union; illus (M)


Two Palestinians opened fire at a popular Tel Aviv nightspot near Israel's military headquarters on Wednesday, killing four people in one of the worst attacks in a months-long wave of violence.

The shooting spread panic, and video posted on social media showed a uniformed officer firing a handgun, though his target could not be seen.

Police said one of the attackers was arrested, while the other was wounded by gunfire and undergoing surgery.

Five people were wounded in addition to the four killed at the Sarona Market in Israel's commercial capital, police said.

Prime Minister Benjamin Netanyahu visited the scene of what he called the "cold-blooded terrorist murder" after returning from a trip to Moscow and conferred with senior colleagues, including newly installed defence minister Avigdor Lieberman, Netanyahu's office said in a statement early Thursday.

"We discussed a range of offensive and defensive steps which we shall take in order to act against this phenomenon," it quoted the premier as saying.

At least three have been killed in a mass shooting in Israel. (AAP)

"There will be intensive action by the police, the army and other security services, not just to catch every accomplice to this murder but also to prevent further incidents."

He did not elaborate further.

Israeli authorities said the two attackers were cousins from the Hebron area in the occupied West Bank.

The market and complex of bars and restaurants is located across the street from Israel's defence ministry and main army headquarters.

The nighttime shooting led police to clear the area.

Police said the wounded included those sitting at a coffee shop in the complex. The assailants' weapons had been retrieved, they said.

"We are talking here about a pretty serious terrorist incident," Tel Aviv police chief Chico Edri told reporters.

At least two gunmen opened fire at the Sarona Markets in Tel Aviv. (AAP)

"Of the two terrorists, one was arrested and the other wounded by gunfire," he said.

"We do not know of another terrorist at large and so from our point of view people can return to their normal lives," he added.

The nationalities and other details of the victims were not yet known.

The United States called the shooting a "horrific terrorist attack".

"These cowardly attacks against innocent civilians can never be justified. We are in touch with Israeli authorities to express our support," State Department spokesman Mark Toner said.

UN Special Coordinator for the Middle East peace process, Nickolay Mladenov, said "all must reject violence and say no to terror".

"I am also shocked to see Hamas welcome the terror attack. Leaders must stand against violence and the incitement that fuels it, not condone it," he said in a statement.

A spokesman for Tel Aviv Mayor Ron Huldai quoted him as saying "we will not be able to put a policeman on every street corner".

"The lone assailant can appear from any corner," he said. "That is the reality with which we have to live."

The area is in lockdown as authorities search for potential threats. (AAP)

The city however said in a statement it was increasing security at schools and municipal buildings.

Violence since October has killed at least 207 Palestinians, 28 Israelis, two Americans, an Eritrean and a Sudanese.

Most of the Palestinians killed were carrying out knife, gun or car-ramming attacks, according to Israeli authorities.

Others were killed in clashes or by Israeli air strikes in the Gaza Strip.

The violence has steadily declined in recent weeks, though attacks have continued to occur.

Shooting attacks such as the one that occurred Wednesday night have been rare, though Tel Aviv has seen two other major incidents in recent months.

In March, as US Vice President Joe Biden visited, a Palestinian went on a stabbing spree along the Tel Aviv waterfront, killing an American tourist and wounding 12 people.

On January 1, an Arab Israeli killed three people in a rampage in Tel Aviv.

Many analysts say Palestinian frustration with Israeli occupation and settlement-building in the West Bank, the complete lack of progress in peace efforts and their own fractured leadership have fed the unrest.

Israel says incitement by Palestinian leaders and media is a leading cause of the violence.

Last week in Paris, representatives from 28 countries, the Arab League, European Union and United Nations met to discuss ways of restarting Israeli-Palestinian peace efforts.

Negotiations have been at a complete standstill since a US-led initiative collapsed in April 2014.

Following last week's meeting, France hopes to hold an international peace conference before the end of the year.

Israel strongly opposes the French plan, calling instead for direct negotiations, while the Palestinians support it.

Summary: A hospital official said at least three people were killed Wednesday night in a mass shooting in Tel Aviv that Israeli police termed a "terrorist attack".


“Shark Tank” is making a pair of stops in Chicago next week, searching for entrepreneurs fit to pitch on the ABC show's eighth season.

The show is holding an open casting call at Studio Xfinity on Chicago's Near North Side Monday and a private event at the University of Chicago on Tuesday.

Monday’s event is open to the public. Supervising Casting Producer Scott Salyers said the casting call will be structured similarly to the show: Contestants have a minute to pitch their idea to the judges.

“Then, just like the show, we’ll ask questions,” he said. “I always tell people you need to focus more on, 'Why are you the person that should be running this type of business?'”

Salyers and his team expect to see about 500 pitches Monday from people who have come from all over the country. Contestants should bring a completed application packet. Organizers hand out wristbands — which will determine applicants’ pitching order — from 9 to 11 a.m. Pitching starts at 10 a.m. and is expected to run until roughly 6 p.m.

Tuesday’s event is scheduled for 10 a.m. to 1 p.m. in the Harper Center at the University of Chicago's Booth School of Business. It’s open to university community members, including students, faculty, staff and alumni, said Mary Naset, a Booth spokeswoman. Participants also must fill out a pre-registration form.

"Shark Tank" is produced by Mark Burnett, who also produces "Survivor," "The Voice" and "America's Greatest Makers." The investors, or sharks, include Mark Cuban, Lori Greiner, Barbara Corcoran, Daymond John, Kevin O'Leary and Robert Herjavec.

There’s no set number of finalists that will come from Chicago, Salyers said. The Chicago stops follow casting calls in Philadelphia, Hawaii, Miami, Dallas, New York City, Austin and Las Vegas.

Chicago has proven ripe with entrepreneurial talent fit for "Shark Tank" in the past. LuminAid, Packback, Rent Like a Champion and Dude Wipes have all secured investments on the show.

"Shark Tank" producers select about 150 entrepreneurs to go in front of the investors on the show each season, Salyers said. They winnow that down from about 40,000 applicants.

“The process can take months,” Salyers said. “We become the sharks’ headhunters after a while. … If (the applicants) say they made $200,000 in sales last year, we want to make sure that’s true.”


Former Sequoia Capital Managing Partner Michael Goguen has responded to a breach of contract complaint filed last week, which contained allegations of extensive sexual abuse. In a LinkedIn post, Goguen claims to have “an enormous amount of evidence” that the complainant in the original suit, Amber Laurel Baptiste, aggressively pursued a romantic relationship with him, and that her suit’s “horrific allegations” were motivated by their relationship’s bad ending.

Goguen confirms earlier reports that he will file a cross-complaint on Monday alleging extortion by Baptiste. That cross-complaint, he says, will contain “Ms. Baptiste’s e-mails and text messages that span many years,” in which, according to Goguen, she “repeatedly professed her love, respect and affection for me”.

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Goguen claims that his high profile and financial success helped make him a target for Baptiste’s alleged extortion. He also writes that “Since court filings are protected by legal privilege, the most despicable things can be said about someone in a court filing without fear of being sued for defamation.”

Notably missing from Goguen’s statement is a direct denial of the allegations of sexual violence contained throughout the original breach of contract complaint (accessible here). His description of Monday’s planned cross-complaint suggests that his defense will focus instead on discrediting Baptiste using her own expressions of affection for him, including “consistent and multi-year statements about my kind and compassionate interactions and treatment of her”.

For more on Silicon Valley’s gender problem, watch our video:

The unfolding case adds to a mounting sense that Silicon Valley has a major problem with sexual ethics and gender politics. Similar recent cases include that of Palantir co-founder Joe Lonsdale and onetime mentee Ellie Clougherty, whose relationship became sexual in ways that Clougherty later alleged were nonconsensual. Former Reddit CEO Ellen Pao, after losing a sexual harassment suit linked to a similarly power-riven relationship, recently conducted a survey finding that 60% of women working in tech had been the target of “unwanted sexual advances” from a superior.

Goguen’s statement closes by describing the situation as “purely personal,” and says his departure from Sequoia following the filing of the suit “allows me to focus with full force on clearing my name and vigorously pursuing justice”.

Summary: Venture Capitalist says extensive evidence will be filed Monday.


On "Extreme Weight Loss" Rod, a high school drama teacher from Tallahassee, Florida made the transformation of a lifetime.

'Extreme Weight Loss': High school teacher makes shocking transformation

Originally weighing in at 448 pounds, Rod lost a total of 188 pounds. That means he now weighs 260 pounds.

notes, the journey wasn't easy for Rod. The 49-year-old high school drama teacher and actor still struggles with his weight. As fans saw in the finale, he didn't hit his final goal but embraced what he had accomplished.

, Rod fought hard for his spot on the show, beating out 7,000 hopefuls with his story and contagious personality.

points out, not only did Rod lose a great deal of weight but he also lived a life long dream to audition for a Broadway show in New York City and got to climb the Empire State Building.

To catch more episode of "Extreme Weight Loss" you can tune in Tuesday nights at 8/7c on ABC.

Summary: On "Extreme Weight Lo " Rod, a high school drama teacher from Tallaha ee, Florida made the transformation of a lifetime.  %Slideshow-219281%  Originally weighing in at 448 pounds, Rod lo


Malcolm Turnbull has announced a multimillion-dollar infrastructure investment package in Western Australia, a day after saying he won’t throw a “fistful of dollars” at voters.

Related: Coalition trails Labor in Newspoll for the first time under Malcolm Turnbull

On Sunday the prime minister announced an investment of $490m, earmarked for infrastructure in Western Australia, to ensure the state would receive a reasonable share of goods and services tax. Western Australia currently receives the lowest share of GST.

On Saturday Turnbull had said the budget would be about “prudence, fairness and responsibility to our future generations”.

When asked on Sunday about the spending announcement in light of his comments about the budget, Turnbull said it was about ensuring WA was given a fair deal.

He said the “net consequence” was about ensuring Western Australia was not worse off than it would have been because of the allocation of the GST.

“Western Australia has had a very raw deal. Everyone understands that. What we are doing is ensuring, as we did last year, that there is a balance brought back into it,” he said.

Related: Malcolm Turnbull’s tax tactics an attempt to shift, not end, the 'blame game'

“This is a question of dealing fairly with Western Australia. We have done so in a way that does not prejudice other states or disturb the allocation of GST. We believe this is an equitable way of ensuring that the distribution of the GST.”

Labor senator Penny Wong said she understood the concerns of Western Australians about the GST, but was critical of the government’s broader budgeting for the state, pointing to public transport funding cuts.

“It’s all very well for Mr Turnbull to come out and offer Western Australia a payment as he has today, but what you always get with Mr Turnbull and the Liberal party is a give with one hand and a take with the other,” she said.

“If you want a better deal with Western Australian schools and hospitals, there’s only one party that is putting that on the table and that’s the Labor party.”

The announcement from Turnbull said the infrastructure it would pay for would help reduce congestion and improve safety.

Summary: The prime minister earmarks $490m for the state, saying it will ensure WA gets a reasonable share of the GST


Markets can appear callous. On Thursday, the pound and euro rallied sharply, while gold and government bonds sold off after the killing of British lawmaker Jo Cox.

Even talking about this link will make some people angry, either with me or with investors who seem to be trying to profit from a tragedy. Two young children have been left without a mother and Parliament has lost one of its rising stars.

But one of the points of...

Markets can appear callous. On Thursday, the pound and euro rallied sharply, while gold and government bonds sold off after the killing of British lawmaker Jo Cox.

Even talking about this link will make some people angry, either with me or with investors who seem to be trying to profit from a tragedy. Two young children have been left without a mother and Parliament has lost one of its rising stars.

But one of the points of markets is that they are amoral. Not immoral—although much of the wrongdoing uncovered after the financial crisis certainly was—but unconcerned with morality at all. They are deliberately unfeeling, heartless and unsympathetic, because they exist to balance out millions of individual views in order to allocate capital and assess risk.

There is no way to be sure what was on the minds of all those who traded on Thursday, but that balance looked pitiless to the point of cruelty. Markets had fallen sharply in the morning as worries about a possible British exit from the European Union, or “Brexit,” intensified. They had already bounced a little from their low before reports trickled in about the attack and both sides in the campaign suspended operations. But the pound and euro really took off, and gold fell as much as $23, after police announced Ms. Cox was dead.

The unsympathetic bet is that her death will convince more of Britain’s voters to stick with Europe, helping avoid the Brexit investors fear. Ms. Cox had been campaigning against Brexit, and on Wednesday her family took to a dinghy in the Thames to confront a pro-Brexit flotilla sailing through London. Rumors circulated that the referendum itself might be postponed.

Ms. Cox may become a symbol for the remain campaign, or may not, but markets typically react first and worry later. With the pound up more than 2 cents against the dollar from its low to its high, it looks as though the collective wisdom of the market is that Ms. Cox’s death will play a significant role in the campaign.

Consider what happened when stock markets were reopened a week after the Sept. 11 attacks in the U.S. in 2001. Investors made a series of calculated, rational and extremely insensitive assessments: airline stocks immediately tumbled by a third, while shares in big defense companies jumped more than a 10th.

Tragic events prompt emotional responses from us, and so they should. But markets should not be criticized for coldly reflecting available information as they try to assess the state of the world; indeed, two of the major barriers to perfect markets identified by academics are emotional decisions by investors who often fail to assess all the information.

However, the individuals making up the markets need to remember their basic humanity while making those calculations, whether about a tragedy in a far-off land or one closer to home.

Corrections & Amplifications: The husband and two children of lawmaker Jo Cox were on a dinghy on the River Thames on Wednesday, confronting supporters of a British vote to leave the European Union. An earlier version of this article incorrectly said Ms. Cox was also in the dinghy. (June 17)

Write to James Mackintosh at James.Mackintosh@wsj.com


When industry veteran Dan Hickey joined Tribune Publishing in January to head up digital marketing services, he saw great promise in the nascent division's work, which last year included creating an online video series for Jewel-Osco and a multimedia website for Hangar 1 vodka.

That didn't stop him from purging the entire sales staff, reassigning some and cutting loose dozens of others in a sweeping reorganization. Such is the urgency of his mission: Turn the legacy newspaper company's online marketing expertise into a major profit center.

"We were doing work for Jewel, we were doing work for several other clients that were really pretty impressive programs, but there weren't enough of them," Hickey said.

The newspaper industry, which has seen its advertising revenue cut in half since 2005, is embracing digital marketing services as a crucial alternative revenue stream. Web development, paid search and social media strategies are the core offerings, with the related category of content marketing helping clients create everything from videos to stories in a bid to engage customers.

While still a small part of total revenue, the Newspaper Association of America reported that digital marketing services grew 43 percent across the newspaper industry in 2013, the last full year for which data is available.

Chicago-based Tribune Publishing, which includes the Chicago Tribune, Los Angeles Times and eight other daily newspapers, is playing "catch-up" in the digital arena after spinning off from Tribune Media in August, according to Tribune Publishing CEO Jack Griffin.

Building digital marketing services has been a priority for Griffin since taking the reins last April. The former CEO of Time Inc. launched a leading marketing services company now known as Meredith Xcelerated Marketing during his previous 12-year tenure at Iowa-based magazine publisher Meredith Corp.

Operating under the banner 435 Digital, Tribune Publishing's digital marketing services built 99 websites and generated $24.8 million last year. The 55 percent year-over-year increase was not nearly enough for Griffin, who tabbed fellow Meredith alumnus Hickey to speed the process.

"I'm here to accelerate this business, and make it so that it's enduring and it's profitable, and that it is serving our best customers and best advertisers," Hickey said.

Hickey, 55, was a top executive at Meredith for more than a decade, where he managed digital brands such as Better Homes and Gardens. He also headed up digital content creation for clients such as Wal-Mart and Home Depot.

Most recently he was general manager for Telegraph Media Group in London, which he left in November after a year. He consulted for Tribune Publishing in December and was hired to run Digital Marketing Services the following month.

While his hiring wasn't announced publicly, his presence has certainly been felt. Hickey has executed a complete overhaul of the sales staff, recruiting a smaller team of "specialized" salespeople to act as digital consultants and refocusing efforts on Tribune Publishing's largest 200 clients.

Hickey also has folded the newspaper's content marketing team under 435 Digital, a simple yet innovative move.

"I think the strategy of bringing them both together into a singular business with a singular sales force makes a lot of sense," said media consultant Ken Doctor. "It's the right synergy and I think that it would be, largely, a new model for the daily newspaper industry."

Content marketing provides information to engage viewers through an embedded or implied sponsorship, as opposed to an overt commercial message. It can take the form of videos, stories or a dedicated website.

The full digital suite, including content creation, can generate hundreds of thousands of dollars annually per client, Hickey said. Last year, there were 44 brand publishing clients, of which half were the kind of mid- or large-size companies 435 Digital is targeting.

Hickey said 435 Digital will remain headquartered in Chicago, but with salespeople on the ground in each market, working with the legacy publishing sales force.

The content creation team includes 15 writers, editors and producers split between Chicago and Los Angeles, with a network of freelancers on call.

Content marketing is more often associated with large national brands, but is beginning to trickle down to regional marketers, Doctor said, making it a timely centerpiece for 435 Digital.

"We get content, we understand great storytelling. It's part of our DNA," Hickey said. "Marketers are telling us they understand the power of a great story, but they don't know how to do great storytelling."

When those videos and stories appear on a newspaper's website, they are considered "native advertising" — editoriallike content under the direction of advertisers meant to seamlessly draw viewers from actual news stories. Legacy publishers from The New York Times to Time have moved into native advertising as a means to boost digital advertising revenue.

In some cases, they also have boosted readership.

The New York Times ran a multimedia piece in June about women inmates that was actually a paid ad for the Netflix series "Orange is the New Black." The story, "Women Inmates: Why the Male Model Doesn't Work," was among the top 1,000 traffic articles on nytimes.com in 2014, according to study results published recently in The New York Times.

While publishers have vowed to keep the editorial and advertising efforts separate — paid content is marked as such, just like print advertorials of old — viewers often can't tell the difference online. A study conducted by the Interactive Advertising Bureau last year showed only 41 percent of people shown sponsored content knew it was paid for by a brand.

"We need to be a little more standardized in our labeling, but we're very clear about the labeling, what I call principle of clarity of authorship," Hickey said. "The reader has a right to understand where it came from and who wrote it."

435 Digital's campaign last year for Jewel-Osco, "Something Fresh," was a video series showing young "influential" Chicagoans shopping, preparing and serving foods from the grocery. The videos appeared on Jewel-Osco's YouTube page and on chicagotribune.com, where they remain posted with a small advertisement disclaimer reading, "This content isn't produced by the newsroom."


An Obamacare cost-cutting program that’s had the health industry on its toes and been compared to “death panels” by critics won’t be triggered this year after all, the government announced.

The Board of Trustees which oversees Medicare, the federal health program for the elderly that covers some 55 million Americans, released its annual report on Wednesday. The analysis detailed some warning signs, including a projection that Medicare will be running out of its reserve funds two years sooner than expected.

But a hotly anticipated part of the study centers on the Independent Payment Advisory Board (IPAB)—an Obamacare cost-control consortium that eventually came to fall under the infamous “death panels” moniker lobbed against the health law by former Alaska Governor Sarah Palin. (Politifact dubbed Palin’s claims as its “Lie of the Year” in 2009.)

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The IPAB’s purpose is to hold Medicare spending in check, potentially by proposing cuts to how much the public program pays health industry players like drug companies and hospitals, that would then have to receive fast-track consideration in Congress. The independent 15-member board doesn’t even actually exist yet—Congressional Republicans have threatened to roadblock anyone President Obama names to it—but it is supposed to be triggered once Medicare spending growth starts to exceed target levels determined by inflation and Gross Domestic Product (GDP).

Wednesday’s report finds that the projected growth rate won’t cross that threshold this year, and that IPAB is most likely to be triggered in 2017. That has health care and biopharma companies sighing in relief—many feared that the target would be reached this year, telegraphing possible government spending cuts in the near future. Biotech and health stock indices were up modestly after the announcement.

But the cuts have merely been deferred, not dashed. Once the Medicare growth rate hits the magic number, the payment cut process will begin to play out, as nonpartisan health care think tank the Kaiser Family Foundation notes. (Cuts wouldn’t actually start to take effect until 2019.)

It’s still unclear how powerful IPAB would turn out to be in reality. Its funding has been scaled back through appropriations bills (and, again, it has yet to actually be convened) and the Medicare Trustees project that its eventual proposed cuts are likely to have modest effects on the spending rate.

Summary: The health industry breathes a sigh of relief.