বুধবার, ২৩ নভেম্বর, ২০১১

Vieux Carre Commission protects French Quarter (AP)

NEW ORLEANS ? On a muggy autumn French Quarter morning, away from bawdy Bourbon Street and within earshot of the calliope on the steamer Natchez, residents sat on their stoops drinking rich cafe au lait, reading the newspaper, or watching the passing traffic.

Replace the cars with horses and carriages and the scene could well be from a couple of hundred years ago.

The old city remains vital with a steady mix of residents and small businesses mostly thanks to the Vieux Carre Commission, which regulates changes to the 2,500 to 3,000 buildings in the small section of New Orleans near the Mississippi River. The commission has control over every part of a building's exterior, not just those that can be seen from the street.

A rotting sill in the back of the house cannot be replaced without permission. A wall can't be painted or a window removed or a roof changed without permission. It's a sore point for some, but the results of such strict control are noticeable.

The nation's second-oldest regulatory body for a historic district has been riding herd on the old buildings in the French Quarter and the people who work and live there for 75 years this month. Only the Preservation Society of Charleston, formed in 1931, is older than the New Orleans commission. Both pre-date the National Trust for Historic Preservation, which was founded in 1949.

When the commission was formed during the Great Depression, the 85-square-block Quarter that was laid out by French settlers in 1718 had become a collection of derelict buildings. The idea of preserving an entire area was novel.

"What was considered ahead of time was that up until then American preservation was preservation of individual structures, Mount Vernon for instance," said Walter Gaillas, with the National Trust for Historic Preservation. "Back then, nobody thought of it as, `Gee, maybe there is another way to preserve a whole community.' Now there are hundreds of commissions like that around the country."

The French Quarter, also known as the Vieux Carre (Old Square) as it was once called, had fallen on hard times by 1936. Once-grand townhouses were tenements, and city officials were seriously considering tearing down the majestic old buildings that frame Jackson Square ? Upper Pontalba and the Cabildo ? where the Louisiana Purchase was signed in 1803.

Then along came the Vieux Carre Commission, dedicated to preservation while keeping the area a functioning part of the community.

"The commission is not about keeping things looking pretty but addressing what's appropriate to character and quality of all the parts that make up this neighborhood," said Vieux Carre Commission Director Lary Hesdorffer. "We have the benefit of not being frozen in time."

The idea, Hesdorffer said, is not to return the French Quarter ? which is a real neighborhood with people living there and real businesses operating on its streets ? to what it was when it was founded, but to keep the historical presence this generation inherited.

"We have many different styles in the French Quarter from different eras," Hesdorffer said. "We're now treasuring buildings that have been renovated along the way."

As an example, Hesdorffer points to the famous "lace" iron work on French Quarter balconies, which came in the 1800s, replacing the original plain ironwork.

"That sort of layering thing is what makes this historic district particularly rich because we represent some things that date to the colonial period," he said. "But not many are in pure form. Over the years, they've been updated, changed."

The worth of the commission is easy to see, said John Klingman, a professor at the Tulane University School of Architecture.

"The easiest way to see the value is to look at the parts of the city around the French Quarter where they have no control," Klingman said. "Canal Street is a mish-mash, Rampart Street was the home of jazz and now it's almost all parking lots."

Nine volunteer members and a staff of five make up the commission. The volunteers are appointed by the mayor and approved by the city council. Three of the volunteers are from a list submitted by the local chapter of the American Institute of Architects. One is chosen from a list from the Chamber of Commerce, One from the Louisiana Historical Society, one from the Louisiana State Museum Board, and three at-large members.

Although French Quarter residents appreciate the preservation all around them, sometimes the strict rules, which Hesdorffer said are designed to "guide them to make that building as treasured as it should be for the next generation," can chafe.

Earl Bernhardt has operated six bars in the Quarter for 27 years and lives half a block from Bourbon Street. He just received a citation against one of his businesses.

First Bernhardt said, the commission told him he could not hang a group of flags, one advertising his trademark drink, the "Hand-grenade," from the front of his building. So he moved to the windows of the vacant second floor above the bar.

"So now they're telling me they can't hang there either," Bernhardt said. "They don't enforce these rules evenly or fairly. They tell me not to put out a sandwich board on the sidewalk, but just across the street they have a couple of them."

There's appreciation as well.

At Antoine's Restaurant ? founded in in 1840 ? preservation is a way of life. The meticulously maintained restaurant offers up fine Creole dining and a healthy helping of history as well. CEO Rick Blount said he is grateful every day for the Vieux Carre Commission.

"I look at the buildings around me and think about what they would be like if there was no oversight," Blount said. "We have a treasure and we are still surrounded by them, thank God."

Glade Bilby has lived in his 1934 townhouse for 36 years, and went through a prolonged battle with the commission over his plan to install solar panels on his roof. The panels would be hard to see, but could be seen from at least one vantage point and the commission turned him down.

Bilby appealed to the city council, which granted him permission.

"But I applaud the commission," Bilby said. "It's a yeoman's job keeping some character to these streets, because you always have someone like me who doesn't fall in line."

Linda Kiel found out the hard way when she tried to replace a small section of roof in the back of the 1832 Creole cottage she had moved into.

"We got a very nasty letter and stop-work order from the commission and they were threatening to fine us," Kiel said. Although she ended up having to pay an architect $1,600 in order for the work to be approved, she said she has since come to appreciate the commission and its work.

"Look at where we live," she said. "It's a very special place, and it wouldn't be this way if someone wasn't looking out for it."

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20111123/ap_on_re_us/us_french_quarter_guards

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IPOs are lifting investor spirits, but not stocks (AP)

NEW YORK ? U.S. companies are on track to post record profits this year. Stocks are cheap by some measures. And now even the hot IPO is back, handing riches to a lucky few and filling the rest of us with two emotions necessary for any bull market ? envy and greed.

It's enough to make you think stocks might recapture their April highs soon. But don't bet on it.

Angie's List Inc., the consumer review site, rose 25 percent in its public debut Thursday, more than double the average first-day gain for initial public offerings. It was the highlight of one of the busiest weeks for IPOs this year, a welcome break after almost no offerings for three months as companies pulled plans because of wild swings in the stock market.

"IPOs have recovered from their summer doldrums," says Jay Ritter, a finance professor at the University of Florida and IPO expert. "Good companies can go public again."

Most investors couldn't care less, however. The Standard & Poor's 500 fell 3.8 percent this past week, the worst since September.

In addition to Angie's List, seven companies made public debuts this week including Delphi Automotive PLC, a once-bankrupt auto parts maker, which slipped 3 percent on its first day. On Friday, Mattress Firm Holding Corp., a mattress retailer, had a first-day gain of 16 percent. Those sales followed a hot initial offering this month by Groupon Inc., the online coupon company.

The question now: Will a few successful offerings help convince companies that have delayed IPOs to go ahead?

A.B. Mendez, a stock analyst at the research firm Greencrest Capital, is hopeful. He notes that shares of Angie's List rose despite the fact that the company has yet to turn a profit and generated only $59 million in revenue last year.

"They've stoked excitement," he says of the recent offerings. "The bar for IPOs has come down."

While making it easier for iffy outfits to sell shares might sound bad, it could help break the logjam of planned offerings. Some companies are small with little or no profits, too.

The backlog totals 179 companies, according to Dealogic, a research firm. The companies hope to raise $30 billion selling stock. That's about as much as IPOs raised in the last six months of 2007, when the economy was still expanding and stock offerings were booming.

In the past, a hot IPO during dry spell has helped kick-start the market. In the summer of 1998, stocks tumbled after Russia defaulted on its government debt and stock offerings ground to a halt. Then, in September, a much-anticipated IPO of Ebay Inc. set the market afire. On its first day trading, shares of the online auctioneer nearly tripled.

By the end of 1998, 284 firms had gone public ? less than half the record 675 in 1996 but better than in most years. The S&P 500 rose 27 percent that year.

Earlier this year, 2011 was shaping up as the best year for IPOs in a decade. In April, Zipcar Inc., the popular online car rental firm, rose more than half on its first day of trading. The next month, LinkedIn Corp., the online professional network, doubled on its first day. Other popular offerings included Pandora Media Inc., the internet radio company, and Zillow Inc., the real estate website, whose stock rose 79 percent in its July debut.

In August, the IPO market collapsed. Stocks fell sharply as investors braced for a possible default by the U.S. government. That didn't happen, but then it began looking more likely that Greece might default. In September, no company went public. Even in the worst months of the credit crisis three years earlier, one or two companies managed to have initial public offerings.

For all the buzz surrounding IPOs, they may reflect optimism in the market more than they feed it. Ritter, the IPO scholar, argues that IPOs are bit players in the stock market, at least in terms of dollars they control. He notes that even in the boom years of the late 1990s, IPOs never raised more than $100 billion annually ? less than 1 percent of the total value of publicly traded U.S. companies.

His conclusion: Stocks are moved by larger forces than IPOs.

For now, that means Europe. On Thursday, as Angie's List was soaring, investors were selling nearly everything else. They were focused on news that government lenders were bolting from Spain, sending borrowing costs there higher. The S&P 500 fell 1.7 percent.

Still, there's no harm in hoping.

Among the companies that have filed paperwork with regulators to go public: Toys R Us, which hopes to raise $800 million, and online games creator Zynga Inc., which is aiming for $1 billion. And as Angie's List was soaring Thursday, another consumer review site generated excitement with a filing of its own. Yelp Inc. says it hopes to raise $100 million.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111120/ap_on_bi_co_ne/us_wall_street_week_ahead

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মঙ্গলবার, ২২ নভেম্বর, ২০১১

2 killed in stampede at SEA Games soccer final

updated 12:28 p.m. ET Nov. 21, 2011

JAKARTA, Indonesia - A stampede at the soccer final of the Southeast Asian Games has left two fans dead.

Spectators unable to get inside the 80,000-seat Bung Karno Stadium set two ticket booths ablaze, and police fired warning shots to break up the rowdy crowd.

Later, fans rushed the stadium in an effort to get in.

Nur Somad, a morgue official at the Ciptomangunkusumo hospital, said at least two Indonesians died. Scores more were injured, witnesses said, many of them left unconscious.

In the match, Malaysia defended its gold medal in the regional tournament by Indonesia 5-4 on penalty kicks.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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সোমবার, ২১ নভেম্বর, ২০১১

Economic woes dampen demand at Burgundy auction (Reuters)

BEAUNE, France (Reuters) ? A sale of Burgundy wine at the world's biggest charity auction Sunday drew lower bids than in previous years as economic jitters hit home.

The sale of the so-called President's Lot is a highlight of the annual "Hospices de Beaune" auction, at which rich wine enthusiasts bid for fine Burgundy wines in a yearly sale whose proceeds are donated entirely to charity.

But economic worries crimped enthusiasm at Sunday's sale. Most auctioned bottles drew less than their expected bids, while the President's Lot -- a 460-liter barrel -- raised 110,000 euros, a steep drop from the 400,000 euros it raised last year.

"This year's auction takes place in a difficult financial and economic context," said Alain Suguenot, chairman of the hospices and mayor of Beaune, home to a striking medieval-era hospice in the midst of wine-growing country.

The auction is a meeting place for jet-setting millionaires and wine trades set on obtaining quality wines and funding charitable organizations.

Fashion figure Ines de la Fressange and comic film actor Christian Clavier presided over the sale of the special lot according to the traditional candle-flame method -- where bidding continues until the flame dies.

The revenue goes to the French Alzheimer's disease research association and a charity that funds cardiac surgery in France for children from poor countries.

The wines are from the 2011 harvest and will need to mature for a few years before they are ready for drinking.

"This vintage is the best of the century," said Claude Chevallier, president of the Burgundy vintners association. "That makes it the 11th in a row," he added.

Louis-Fabrice Latour, head of Burgundy's wine merchant group, said he expected the Burgundy prices in 2012 to be stable to slightly lower due to the financial crisis.

ALOXE-CORTON

This year the President's Lot was a Corton Clos du Roi Cuvee Baronne du Bay, named after the daughter of Jean-Louis Peste, a doctor at the hospice for 30 years in the 19th century.

In 1924, when she was alive, she donated vineyards to the hospital on the Aloxe-Corton hillsides. Over 45 percent of this Grand Cru terroir is planted with 37-year-old Pinot vines.

Clavier, born in 1952, is best known for his role in "The Visitors," a French film in which a group of medieval people are lost in modern times.

Aristocrat Fressange is a former top model and is well-known in France's fashion scene. She consults for fashion designer Jean-Paul Gaultier and still works occasionally as a model, gracing the catwalk at Chanel's 2011 spring-summer show at the age of 53.

Aside from the President's Lot, the general hospices bidding is for lots of 228 litres of wine in barrels that can be transformed into 288 standard bottles. The wine is from the 2011 harvest and has to stay in barrels for at least two years.

The wines are among the best and most expensive of Burgundy, France's second-biggest wine-making area after Bordeaux.

The auction, by Christie's, still takes place in the medieval building but telephone lines and Internet connections allow bidders to participate from all over the world.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20111120/lf_nm_life/us_france_wine_burgundy

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Rahm Emanuel Focuses Fire on Romney (ABC News)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS Feeds and Widgets via Feedzilla.

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শনিবার, ১৯ নভেম্বর, ২০১১

Google Music: Will it threaten iTunes? (The Week)

New York ? The search titan launches its own digital music store, opening a new front in its vicious techie turf war with Apple

The Google-Apple war continues to rage. On Wednesday, Google unveiled its highly anticipated digital music store,?which will sell songs ? priced from $.69 to $1.29, just like Apple's iTunes ? along with apps, movies, and books.?Google secured deals with three of the four major labels (Universal, EMI, and Sony ? Warner Music Group is a holdout), good for an archive of 13?million tracks. Google Music users can also share music on the Google+ social network, letting friends listen to their songs once for free. Google Music, which launched in beta as a streaming only service earlier this year, also includes a cloud storage locker where users can upload and store up to 20,000 songs for free. Amazon and Apple offer similar storage options, but for an annual fee. Does Google Music seriously challenge iTunes' dominance?

Nope. This is unimpressive: Google Music is an "entirely unoriginal idea," says Adrian Covert at Gizmodo. Music storage lockers, mp3 lending, and a music store that allows users to purchase individual tracks ? that's old news. Amazon and iTunes have been selling music this way for years, and there's no compelling reason to switch to Google Music. "Google is late to the digital music party," and Google Music is a "complete letdown" from "one of the only companies in the world with the clout to actually change the system, not just recycle it."
"Google Music is a complete letdown"

Not yet... but maybe one day: "Google Music in its current form is no iTunes killer," and "without improvement, it's unlikely to even maim," says Greg Sandoval at CNET. Without Warner, Google Music is missing big names like the Red Hot Chili Peppers and Green Day, and Google's sharing feature is more restrictive than Spotify's. Still, "Apple shouldn't take the Google threat lightly." And whatever happens between the tech giants, the competition can only benefit consumers. "Rock on, Google."
"Google Music hits almost all the high notes"

But the social component is a big plus: Google Music's integration with Google+ could give it a "big boost" in competing with iTunes, says Sharon Gaudin at Computerworld. The new service allows users to share tunes, and even an entire album, with their buddies through Google+. That's something "different" that "gives Google Music a great shot at being successful," says analyst Zeus Kerravala. "iTunes is music. Google Music is social music."
"Going social could be 'game changer' for Google Music"

And the price is right: Google's most "notable improvement" to the digital music experience is that there's no charge for users to upload and store songs they already own, says Thomas Claburn at InformationWeek. Apple charges $25 a year for that privilege, while Amazon charges $20.? Another "added incentive" is that Google is offering exclusive recordings, from artists like the Rolling Stones, Coldplay, and Dave Matthews Band, for free.
"Google Music: 7 key facts"

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