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What happens if Twinkies really do go away?

Written By Unknown on Sabtu, 17 November 2012 | 16.30

Let's not panic. We all know that Twinkies, Ding Dongs, Wonder bread and the rest of Hostess Brands' oddly everlasting foods aren't going away any time soon, even if the food culture that created them is gasping its last.

Yes, Hostess is shutting down. And odds seem to favor the roughly century-old company disappearing from our corporate landscape. But before you rush out to stockpile a strategic Twinkie reserve, consider a few things. Namely, that Twinkies never die. You know full well that the snack cakes down at your corner 7-Eleven are going to outlive us all. Probably even after they've been consumed.

And then there's the acquisition-happy nature of the business world, an environment that increasingly prizes intellectual property above all. It's hard to imagine the fading away of brands as storied and valuable as Ho Hos, Ring Dings and Yodels. Within hours of announcing the closure Friday, the company already had put out word that Zingers, Fruit Pies and all the other brands were up for grabs.

Even if production really did stop, how long do you think it would take for some enterprising investor intoxicated by a cocktail of nostalgia and irony for the treats Mom used to pack in his G.I. Joe lunch box to find a way to roll out commemorative Twinkies? Special edition holiday Ho Hos? It's just the nature of our product-centered world. Brands don't die, even when perhaps they should.

But let's pretend for a moment they did. What would we lose if Twinkies fell off the culinary cliff?

Certainly few obesity-minded nutritionists would bemoan the loss. With some 500 million Twinkies produced a year, each packing 150 calories... Well, let's just leave it by saying that shaving 75 billion calories from the American diet sure could add up to a whole lot of skinny jeans.

Except that Twinkies aren't merely a snack cake, nor just junk food. They are iconic in ways that transcend how Americans typically fetishize food. But ultimately, they fell victim to the very fervor that created them.

Despite the many urban legends about the indestructability of Twinkies — Did you know they are made with the same chemical used in embalming? Or that they last 5, no 15, no 50 years? — and the many sadly true stories about the atrocious ingredients used to create them today, these treats once upon a time were the real deal.

They started out back in 1930, an era when people actually paid attention to seasonality in foods. James A. Dewar, who worked at Hostess predecessor Continental Baking Company in Schiller, Ill., wanted to find a way to use the bakery's shortbread pans year round. You see, the shortbread was filled with strawberries, but strawberries were only available for a few weeks a year.

So he used the oblong pans to bake spongecakes, which he then filled with banana cream. Bananas were a more regular crop.

Let's pause so you can wrap your mind around that for a moment. Twinkies once contained real fruit. Twinkies were created because of seasonality.

All went swimmingly until World War II hit and rationing meant — say it with me — Yes! We have no bananas. And so was born the vanilla cream Twinkie, which was vastly more popular anyway. Even then, there was a crafted element to these treats. The filling was added by hand using a foot pedal-powered pump. Pump too hard and the Twinkies exploded. These days you only see that when teenagers post YouTube videos of themselves microwaving them.

It was around this time that American food culture did an about face. It was an era when the industrialization and processing of cheap food wasn't just desired, it was glorified. Cans and chemicals could set you free. And they certainly set Twinkies free of the nuisance of a short shelf life. It's not formaldehyde that keeps these snack cakes feeling fresh, it's the lack of any dairy products in the so-called "cream."

"Something about it just absolutely grabbed the popular culture imagination," says Marion Nestle, a New York University professor of nutrition and food studies — and no fan of junk food. "It's the prototypical indestructible junk food. It was the sort of height to which American technological ingenuity could go to create a product that was almost entirely artificial, but gave the appearance of eclairs."

When Twinkies signed on as a sponsor of the "Howdy Doody" show during the 1950s, their cultural legacy was sealed. Taglines such as "The snacks with a snack in the middle" began etching themselves into generations of young minds and it was considered perfectly fine that Twinkie the Kid would lasso and drag children before stuffing his sugar bombs in their faces.

It was the snack cake heyday. Twinkies were being deep-fried at state fairs, doing cameos in movies like "Ghost Busters" and "Die Hard" and being pushed by Spider-Man in comic books. A pre-vegan President Bill Clinton even signed off on including Twinkies in the nation's millennium time capsule (the two-pack was later removed and consumed by his council overseeing such matters for fear mice would add themselves to the time capsule).

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


16.30 | 0 komentar | Read More

Fidelity shifts to Seaport

Fidelity Investments is moving its corporate headquarters to Summer Street on the edge of the Innovation District — a change that analysts say signals a major shift in the Financial District toward the Southie waterfront and reaffirms the financial giant's commitment to Boston.

"The hub of the financial services industry is clearly moving toward the water. Parking is easier, commuting is easier — both for Fidelity's employees and its clients — and they're right across the street from some of the biggest financial players in town," said Jim Lowell, editor-in-chief of the independent newsletter fidelityinvestor.com, referring to the Federal Reserve Bank of Boston and BlackRock. "I think we'll likely see the complete redefinition of the Financial District away from State Street."

Fidelity, led by founder and chairman Edward "Ned" Johnson, first acquired the 245 Summer St. property in 1999. After initially sharing space in the building with other businesses, the company began to increase its presence in the 14-story, 900,000-square-foot property, and about 2,900 of its employees are based there today. The 600 at its current headquarters and its other buildings on Devonshire and Congress streets will remain there until the company decides the future of that block, said Vincent Loporchio, a Fidelity spokesman.

"The new headquarters is in a prime real estate area that offers lots of options," Loporchio told the Herald. "We've long felt it was a terrific part of the city."

Fidelity was a pioneer in the Innovation District when there was little else there, he said, noting that its developments included the World Trade Center and the Seaport Hotel.

Since then, the area has attracted everything from the Institute for Contemporary Art to the high-end clothing store Louis Boston to the startup accelerator and competition MassChallenge — a string of coups that the head of The Boston Harbor Association credited largely to Mayor Thomas M. Menino,, who branded the area the Innovation District.

"He created the image that this is the place to be," said Vivien Li. "It's about innovation, creativity, edginess. To be in this area is to be in a very exciting part of the city."

Ultimately, Fidelity's move is also good news for Boston and the state, said John Bonnanzio, editor of Fidelity Monitor & Insight, an independent investment advisory newsletter.

"Psychologically, it's a shot in the arm and takes off the table any concern that the company would move elsewhere," Bonnanzio said.

In March 2011, Fidelity announced it would close its Marlboro campus and send most of those 1,100 jobs to its offices in Merrimack, N.H., and Smithfield, R.I. Last month, the company said it would build a $200 million data center in Nebraska.


16.30 | 0 komentar | Read More

Nokia Lumia 920 brightest light for Windows phones

The masterfully botched launch of Windows 8 phones brought zero lines of eager consumers to wireless retailers across the nation.

But here we have Microsoft's last chance to show its smartphone gambit is for real. The Windows 8 platform has been refined and supercharged, with its capabilities fully showcased in the Nokia Lumia 920.

It is, to put it plainly, a beast. The first thing you'll notice is its heft. Nokia's big bet is that the technology packed into this 6.5-ounce, 5.13-inch frame will be worth the tradeoff in bulk. Near-field communication, wireless charging and all-day battery life are some of those features.

The buzz is that the Lumia 920 sports the best camera of any of the Windows phones, but I would go further to say it's among the best smartphone cameras on the market, with remarkable low-light capabilities and image stabilization.

Nokia's camera comes with an excellent suite of exclusive apps. Cinemagraph allows you to animate part of your picture, similar to a built-in Gif maker. Smart Shoot allows you to take a picture of something blocked by moving objects. For instance, if you're at the Louvre and hordes of tourists are walking by the Mona Lisa when you want to take a picture, Smart Shoot will take a series of photos and splice them together, erasing the people blocking your view.

A winning feature of Windows phones has been its people hub for integrating social information — tweets, status updates, photos — from your contacts into one stream. The new OS takes this a step further, allowing you to group your contacts into "rooms." It's similar to Google Plus circles, but with deep integration into Microsoft Apps and office features, so you can push out documents and hold chats.

With high-quality tablets and ultrabooks galore, the Windows ecosystem is improving. And at just $99 on-contract with AT&T, the Lumia 920 will not disappoint if you're OK with its size.


16.30 | 0 komentar | Read More

Business - BostonHerald.com

Written By Unknown on Jumat, 16 November 2012 | 16.30

Business - BostonHerald.comBusiness - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Fri, 16 Nov 2012 04:20:50 -0500 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss WILMINGTON, Del. - A Delaware bankruptcy judge has approved the sale of failed solar power company Solyndra's former... business Thu, 15 Nov 2012 23:21:44 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss These three homes on the market in Boston offer amenities that will have you celebrating the holidays in style.... business Thu, 15 Nov 2012 22:36:20 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss Mass. jobless rate up as 7,900 jobs added Massachusetts added 7,900 jobs in October, but a separate survey showed... business Thu, 15 Nov 2012 22:13:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss State Attorney General Martha Coakley would like to see the state tackle energy in the same way it's approaching... business Thu, 15 Nov 2012 22:11:41 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss State officials and business leaders yesterday blasted out-of-control health-care spending that gobbles up more... business Thu, 15 Nov 2012 22:09:47 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss Efforts are under way to put the bankrupt Upper Crust pizza chain back in business after the court-appointed trustee... business Thu, 15 Nov 2012 22:07:46 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss With a $50,000 grant from the Boston committee of the Garden Club of America, the Boston Harbor Association plans... business Thu, 15 Nov 2012 22:07:04 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss Amid a worldwide push to make energy-eating data centers more efficient, a new environmentally friendly computing... business Thu, 15 Nov 2012 22:05:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss SAN FRANCISCO - FedEx and UPS are disclosing that they are targets of a federal criminal investigation related... business Thu, 15 Nov 2012 21:45:48 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss NEW YORK - This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different... business Thu, 15 Nov 2012 19:28:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss Despite adding 7,900 jobs last month, Massachusetts' dependence on Europe as an export market and dwindling business... business Thu, 15 Nov 2012 18:30:22 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss Lt. Gov. Tim Murray this morning said he would "like to be governor," but he would not say whether Gov. Deval Patrick... business Thu, 15 Nov 2012 17:26:29 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss When it comes to marketing, Harvard Book Store keeps in mind that its audience is really smart. "We're just... business Thu, 15 Nov 2012 17:13:59 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss WASHINGTON - The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and... business Thu, 15 Nov 2012 16:51:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss WASHINGTON - Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may... business Thu, 15 Nov 2012 16:49:49 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss NEW YORK - A computer outage at United Airlines delayed thousands of travelers on Thursday and embarrassed the... business Thu, 15 Nov 2012 16:20:34 -0500 http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss NEW YORK - The Spanish-language media company Univision is working with one of its top advertisers to encourage... business Thu, 15 Nov 2012 16:10:53 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss NEW ORLEANS - A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft... business Thu, 15 Nov 2012 16:01:32 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss NEW YORK - Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue... business Thu, 15 Nov 2012 15:48:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss Massachusetts Mutual Life Insurance Company was charged with securities law violations today by the Securities... business Thu, 15 Nov 2012 15:06:08 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss The gap between Massachusetts' richest and poorest households is the eighth highest in the nation, according to... business Thu, 15 Nov 2012 15:00:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss NEW YORK - Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if they... business Thu, 15 Nov 2012 14:29:14 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss NEW YORK - Verizon and AT&T say their wireless networks are fully back up after Superstorm Sandy blew into the... business Thu, 15 Nov 2012 13:17:41 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175030&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175030&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175030&srvc=rss WASHINGTON - The Food and Drug Administration is investigating reports of 13 deaths possibly linked to so-called... business Thu, 15 Nov 2012 13:02:49 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175026&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175026&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175026&srvc=rss WASHINGTON - The top lobbyist representing compounding pharmacies says Congress does not need to draft new laws... business Thu, 15 Nov 2012 12:51:19 -0500

Business - BostonHerald.comBusiness - BostonHerald.com

http://www.bostonherald.com/business/?srvc=rss The Boston Herald online: The closest distance between you and the news en-us Copyright 2012, Herald Interactive, Inc. Fri, 16 Nov 2012 04:20:50 -0500 systems@heraldinteractive.com (Web Developers) 120 http://cache.heraldinteractive.com/images/siteImages/rss_logo.jpg http://www.bostonherald.com/business/?srvc=rss 100 48 The Boston Herald online: The closest distance between you and the news http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175170&srvc=rss WILMINGTON, Del. - A Delaware bankruptcy judge has approved the sale of failed solar power company Solyndra's former... business Thu, 15 Nov 2012 23:21:44 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175093&srvc=rss These three homes on the market in Boston offer amenities that will have you celebrating the holidays in style.... business Thu, 15 Nov 2012 22:36:20 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175141&srvc=rss Mass. jobless rate up as 7,900 jobs added Massachusetts added 7,900 jobs in October, but a separate survey showed... business Thu, 15 Nov 2012 22:13:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175138&srvc=rss State Attorney General Martha Coakley would like to see the state tackle energy in the same way it's approaching... business Thu, 15 Nov 2012 22:11:41 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175135&srvc=rss State officials and business leaders yesterday blasted out-of-control health-care spending that gobbles up more... business Thu, 15 Nov 2012 22:09:47 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175132&srvc=rss Efforts are under way to put the bankrupt Upper Crust pizza chain back in business after the court-appointed trustee... business Thu, 15 Nov 2012 22:07:46 -0500 http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/real_estate/view.bg?articleid=1061175128&srvc=rss With a $50,000 grant from the Boston committee of the Garden Club of America, the Boston Harbor Association plans... business Thu, 15 Nov 2012 22:07:04 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175111&srvc=rss Amid a worldwide push to make energy-eating data centers more efficient, a new environmentally friendly computing... business Thu, 15 Nov 2012 22:05:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175153&srvc=rss SAN FRANCISCO - FedEx and UPS are disclosing that they are targets of a federal criminal investigation related... business Thu, 15 Nov 2012 21:45:48 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175084&srvc=rss NEW YORK - This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different... business Thu, 15 Nov 2012 19:28:38 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174990&srvc=rss Despite adding 7,900 jobs last month, Massachusetts' dependence on Europe as an export market and dwindling business... business Thu, 15 Nov 2012 18:30:22 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175006&srvc=rss Lt. Gov. Tim Murray this morning said he would "like to be governor," but he would not say whether Gov. Deval Patrick... business Thu, 15 Nov 2012 17:26:29 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174839&srvc=rss When it comes to marketing, Harvard Book Store keeps in mind that its audience is really smart. "We're just... business Thu, 15 Nov 2012 17:13:59 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174998&srvc=rss WASHINGTON - The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and... business Thu, 15 Nov 2012 16:51:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175035&srvc=rss WASHINGTON - Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may... business Thu, 15 Nov 2012 16:49:49 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175063&srvc=rss NEW YORK - A computer outage at United Airlines delayed thousands of travelers on Thursday and embarrassed the... business Thu, 15 Nov 2012 16:20:34 -0500 http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/media/view.bg?articleid=1061175061&srvc=rss NEW YORK - The Spanish-language media company Univision is working with one of its top advertisers to encourage... business Thu, 15 Nov 2012 16:10:53 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061174984&srvc=rss NEW ORLEANS - A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft... business Thu, 15 Nov 2012 16:01:32 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175059&srvc=rss NEW YORK - Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue... business Thu, 15 Nov 2012 15:48:26 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175051&srvc=rss Massachusetts Mutual Life Insurance Company was charged with securities law violations today by the Securities... business Thu, 15 Nov 2012 15:06:08 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175050&srvc=rss The gap between Massachusetts' richest and poorest households is the eighth highest in the nation, according to... business Thu, 15 Nov 2012 15:00:02 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175043&srvc=rss NEW YORK - Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if they... business Thu, 15 Nov 2012 14:29:14 -0500 http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/technology/general/view.bg?articleid=1061175033&srvc=rss NEW YORK - Verizon and AT&T say their wireless networks are fully back up after Superstorm Sandy blew into the... business Thu, 15 Nov 2012 13:17:41 -0500 http://www.bostonherald.com/business/general/view.bg?articleid=1061175030&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175030&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/general/view.bg?articleid=1061175030&srvc=rss WASHINGTON - The Food and Drug Administration is investigating reports of 13 deaths possibly linked to so-called... business Thu, 15 Nov 2012 13:02:49 -0500 http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175026&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175026&format=comments#CommentsArea&srvc=rss http://www.bostonherald.com/business/healthcare/view.bg?articleid=1061175026&srvc=rss WASHINGTON - The top lobbyist representing compounding pharmacies says Congress does not need to draft new laws... business Thu, 15 Nov 2012 12:51:19 -0500


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Egad! Nexus 10 nearly outperforms iPad

Written By Unknown on Kamis, 15 November 2012 | 16.30

The Nexus 10 could be an iPad killer. It comes so darn close I can almost taste it.

But it's not quite there yet.

In some ways, Google's new 10-inch tablet is better than the iPad. The grippy, rubbery body is more accessible than the hard-as-a-rock iPad. I don't feel as if it will shatter like fine crystal if my kid drops it on the floor. By contrast, I'd like to cover the iPad 4 that I use in layers of protective bubble wrap. It's a relief not to feel the same compulsion with the Nexus 10.

Another huge plus: The speakers are conveniently positioned on the front edges, so they face you when you watch a movie or video. The audio thus puts the iPad to shame.

What's more, the Nexus 10 is just as "resolutionary" as the iPad. Technically it's got higher resolution than Apple's so-called Retina Display, but it's imperceptible. The picture quality is a draw. That's the biggest compliment a tablet screen could get at this point.

Android continues to perfect its operating system, and the results are increasingly clean and intuitive. Combined with apps that are as good, if not better than what iOS offers, you've got yourself an excellent user experience in the Nexus 10.

However, there's a downside. The Nexus 10 I tested was not as zippy as I've come to expect from the iPad. I used it on the same wireless networks that I connect the iPad to every day, and there's no doubt the Nexus was slower. Searching for apps and movies on Google Play often prompted the screen to say it was "loading." Indefinitely. Google Chrome and Firefox crashed more times than I could count. There were times when I wished for a ctrl+alt+delete option. My guess is Android will push out some bug fixes for this soon. But for now, if you're easily frustrated by glitches, try the Nexus 7 or the iPad.

Still, with its incredibly reasonable price starting at $399, $100 less than the iPad, the Nexus 10 is a solid addition to the world of top-shelf tablets. Anyone who wants a rugged tablet with a great media viewing experience will be pleased. Equip this baby with 4G LTE and I'm sold.


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SEC, Big 12 get 12-year deal from ESPN for Sugar

NEW YORK — The Big 12 and Southeastern Conference have agreed to a 12-year deal with ESPN for the rights to the Sugar Bowl in New Orleans.

A person familiar with the contract said it was worth about $80 million per year through 2026. The person spoke on condition of anonymity because terms of the agreement were not being made public and details were still pending.

The Big 12 and SEC recently picked the Sugar Bowl as the site of their new marquee game, starting in the 2014 season.

The champions of each conference will play in the game, unless those teams are selected for the four-team playoff that also starts that season. In that case, other highly ranked teams from the Big 12 and SEC will play in the game.

The Sugar Bowl will be one of six sites in the playoff rotation, along with the Rose Bowl, Orange Bowl and three more still to be announced. How often each bowl hosts a semifinal is still to be determined. ESPN's deal with the Sugar Bowl calls for it to broadcast the game even in years it hosts playoffs.

ESPN earlier this year reached a similar 12-year deal, for about the same price, with the Pac-12 and Big Ten for the rights to the Rose Bowl.

The person said a 12-year agreement between ESPN and the Orange Bowl will likely be announced soon.

ESPN.com has previously reported that the network will pay about $55 million per year for the rights to the Orange Bowl, which will match the Atlantic Coast Conference champion, or another highly ranked team from the league, against either a SEC team, a Big Ten team or Notre Dame. The ACC struck a deal with the Orange Bowl during the summer.

ESPN also is working on a 12-year deal for the entire playoff package of 24 semifinals and 12 national championship games, along with the other three host bowls, that has been reported to be worth around $500 million per year.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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SKorean presidential hopeful vows freer Internet

SEOUL, South Korea — A South Korean presidential candidate is promising to get rid of encryption technology that ties South Korean Internet users to a single web browser — Microsoft's Internet Explorer — for online transactions.

Ahn Cheol-soo, a popular independent presidential candidate, said companies will be free to choose what online security technology they use if he wins the December election.

Voters welcomed the pledge to end the mandatory use of government-designated online certificates for Internet banking and shopping.

The existing system based on 'Active X' technology has been criticized for limiting choice of web browsers and computer operating systems and slowing down computers.

Ahn said that South Korea's unique certificate system has isolated its technology industry from the rest of the world and made web browsing less convenient.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Union Oyster House named top eatery

Written By Unknown on Selasa, 13 November 2012 | 16.30

History is on the side of Union Oyster House.

Established in 1826, the Retailers Association of Massachusetts' "Restaurant of the Year" is the nation's oldest restaurant, and the only one that's a national historic landmark.

"We have a really unique designation in that respect," co-owner Joseph Milano said. "That kind of takes your restaurant and puts it in a level where we tend to be a legend."

Statesman Daniel Webster frequented its semi-circular oyster bar, the toothpick is said to be first used in the United States there, and President John F. Kennedy's affinity for an upstairs perch led to a dedicated "Kennedy booth."

The famed seafood restaurant has withstood the test of time by cultivating its brand through hospitality, product consistency, service and value, according to Milano.

"We're in the business to care for our customers," he said. "That's what we've been doing for 186 years, so we're proud to be good caretakers of our precious 'Oyster.' "


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Concord shop parades like big cheese

If a parade to celebrate the arrival of the "Big Cheese" — a 400-pound wheel of Crucolo cheese from Italy — sounds fun, that's the point.

Dec. 6 is the date for the Concord Cheese Shop's third annual Crucolo parade, which in past years has included dancers, music, Italian flags and balloons to celebrate the cheese's on-street arrival and red carpet procession.

"Let's have some fun, whether it be a cheese parade ... or our 45th anniversary 'Flashback,' where we brought back products that were sold in 1967 at 1967 prices," said owner Peter Lovis, who started in the cheese business at age 15 in 1976. "You have to work for a living, why not have fun doing it? If we come up with a idea that's fun, we run with it."

That kind of thinking earned the Concord cheese purveyor this year's creative concepts in retailing award.

Last month's "Flashback" event marking the store's 1967 opening featured gourmandise cheese with kirsch or walnut for $3.99 per pound and Colby longhorn for $2.49 per pound.

"It's a small crack in the time-space continuum," Louis said. "People lined up, and we brought back the old crank cash register," Lovis said. "It was cash only — no credit cards in 1967."


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UPS stops donations to Boy Scouts over anti-gay rule

ATLANTA — United Parcel Service will no longer give money to the Boy Scouts of America, joining other companies that have stopped funding or have spoken out against the organization's prohibition of gay members or leaders.

UPS confirmed Monday it has changed its policy on charitable gifts to require that recipients have a non-discrimination policy that matches its own.

While UPS stopped short of saying the policy change was aimed at the Boy Scouts, the youth organization is the only one UPS had given to in the past that would be affected, company spokeswoman Kristen Petrella said.

Boy Scouts of America spokesman Deron Smith said in a written statement that UPS's decision will hurt communities.

"We are disappointed to learn about this decision but respect everyone's right to have and express a different opinion," he said. "Unfortunately, this decision will have a direct impact on the youth we serve in local communities."

Boy Scouts of America did not have any pending funding requests before UPS, Petrella said.

Chip-maker Intel, identified by a gay and lesbian news magazine as the Boy Scouts' largest corporate benefactor, stopped funding the organization this year.

The chief executives of AT&T and Ernst & Young, both of whom are on Boy Scouts of America's executive board, said they support ending the ban of gay members, and will try to work to change the policy.

Change.org said UPS gave $150,000 to the Boy Scouts in 2010, but Petrella said that was more than the company donated most years.

UPS's charitable foundation oversaw nearly $100 million in donations and in-kind services to charities last year, according to its annual report to the Securities and Exchange Commission, filed in February.

Boy Scouts of America reported revenue of $201.5 million in 2011, including $61 million listed under contributions and bequests, according to the nonprofit's 2011 treasurer's report, which is posted on its website.

Atlanta-based Home Depot said it gave $18,000 to various local Boy Scout projects around the country this year and $14,000 last year. Home Depot did not make any donations to the national organization. Spokesman Stephen Holmes said he said he did not know if Home Depot will change change its donation policies.

UPS received a 100 percent rating in the Human Rights Campaign's 2012 Corporate Equality Index, a survey of firms' inclusion and treatment of lesbian, bisexual, gay and transgendered employees.

———

(J. Scott Trubey contributed to this report).

©2012 The Atlanta Journal-Constitution (Atlanta, Ga.) Visit The Atlanta Journal-Constitution (Atlanta, Ga.) at www.ajc.com Distributed by MCT Information Services


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Signature brands make comebacks

Written By Unknown on Senin, 12 November 2012 | 16.30

Automakers are always looking for ways to be original when unveiling new models. In certain instances, this means shifting gears and storing vintage nameplates in the garage.

"There just aren't that many that survive from the old days," said Scott Oldham, editor-in-chief of Edmunds.com. "A lot of brands move away from old nameplates in order for their vehicles to seem more fresh and not old-fashioned, while others hold on to nameplates to sort of have attachment remain to the glory days."

Certain car makers such as Cadillac and Buick have retired vintage nameplates altogether. Other brands, such as Chevrolet, Dodge and Ford, have been known to release a nameplate, keep it in the marketplace for years, put the brakes on it and then re-release it to the world.

On Saturday, the Herald unveiled its top 10 list of the best tough and rugged vehicles for 2013. This time we take a drive down memory lane as we present the 10 greatest survivor nameplates on the market today.

10. Chevrolet Impala

Its peak occurred from the early 1960s to the mid-1970s before disappearing until the mid-1990s. This time around, the modern Impala remains the mainstream American sedan for the everyman, as it is affordable with high value and offers "a large package for the family that's a little fun for Dad to drive," Oldham said.

(Production years: 1957-85, 1994-96, 1999-present; MSRP: $29,189)

9. Chevrolet Malibu

Here, then gone, then back again, the Malibu is a slightly smaller, slightly more affordable sedan than the Impala. Popular in the 1960s and 1970s, the Malibu invokes "positive connotations" with California's eponymous sun-soaked destination, Oldham said, adding, "Either you're a little older and you have grand fun memories of it as a child, or somebody you knew in the '70s had one that fell apart."

(Production years: 1953-82, 1997-present; MSRP: $25,074)

8. Dodge Dart

The new Dart is unrelated to the Darts of yore besides its nameplate and "the desire to deliver an affordable, high value, small car that's a bit fun to drive and doesn't hurt the pocketbook too much," according to Oldham. This year marked the first Dart released since 1976, which is based on the Alfa Romeo, a Fiat offering. Dodge is hoping family-friendly features and a low price will be "a magical combination" this time around, Oldham added.

(Production years: 1960-76, 2012-present; MSRP: $19,763)

7. Chrysler 300

The 300 may have disappeared from 1971 to 1998, but this has become "the signature vehicle for the Chrysler brand as a rear-wheel-drive performance sedan with some old-school characteristics," Oldham said. Undergoing a redesign last year, the 300 is as appealing as ever, offering a luxury standard that competes with German counterparts. "Chrysler's tagline for the vehicle is 'Imported from Detroit,' and that's had some success for them," Oldham added.

(Production years: 1955-65, 1971, 1998-present; MSRP: $39,324)


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Reactor reuses nuclear waste

Two Massachusetts Institute of Technology doctoral candidates are designing a nuclear power plant that would convert nuclear waste from conventional reactors into electricity — a plant you could walk away from, they said, without the risk of a radioactive leak like the meltdown last year that crippled parts of Japan.

Leslie Dewan and Mark Massie, co-founders of Transatomic Power, have developed the WAMSR, or Waste-Annihilating Molten Salt Reactor, a 400- to 500-megawatt plant that would convert high-level nuclear waste into electric power, at a price competitive with fossil fuels.

"About two years ago, we got really excited about nuclear power because we saw so much potential in the industry to improve the design of reactors and stretch the limits of the technology," said Dewan, 27.

The two researched different designs and settled on a molten salt reactor, Massie said, because other types of reactors have not been economically viable.

They estimate the WAMSR could convert the waste produced by conventional nuclear reactors each year into $7.1 trillion worth of electricity, at 10 cents per kilowatt-hour.

At full deployment, the two said, their reactors could use existing stockpiles of nuclear waste to satisfy the world's electricity needs through 2083, all the while reducing the majority of the waste's radioactive lifetime from hundreds of thousands of years to hundreds of years, thereby decreasing the need for permanent repositories such as Yucca Mountain in Nevada.

Most importantly, they said, the WAMSR would differ from conventional reactors like the Fukushima I nuclear power plant — which melted down after the March 2011 earthquake and tsunami disaster in Japan — in that it would not require electric power or water to cool it in the event of an accident.

The WAMSR's efficient modular design also could be manufactured economically at a central location and transported by rail to the reactor site. And utilities could use the profits from the first plant installed to fund construction of additional ones.

Dewan and Massie already have designed the reactor core and are now working on designing the rest of their plant.

With E Ink founder Russ Wilcox as their CEO, their goal is to have a prototype ready in the next five years and a commercial reactor ready within the next 10 years.


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Soldiers get linked in

Yinon Weiss served 10 years on active duty in the military, including two tours of duty in Iraq. But it wasn't until he and another Iraq veteran, Aaron Kletzing, ran into each other as graduate students in the network-savvy world of Harvard Business School that they realized what their military careers had lacked.

"At Harvard Business School, people are always thinking about their next career move and leveraging their connections," Weiss said. "That's not the culture in the military. It's more reactive, which can be frustrating. It also hurts people when they join the private sector because introducing themselves and creating a network aren't necessarily skills they've cultivated."

Weiss and Kletzing had an idea: What service members needed was the military equivalent of LinkedIn, the social networking website for professionals.

Three and a half months after it began on an invitation-only basis with about 500 testers, RallyPoint goes live today, a Veterans Day tribute to the 2.5 million men and women in uniform.

Service members can register for free to connect with one another and find out about job opportunities in both the military and the private sector. Only employers pay to be matched to members who have indicated they wish to be contacted.

As one of the site's testers, Richard Becker, a 31-year-old Army captain attending business school at the University of Hawaii, has used it to reconnect with old friends and find out which units he may ask to be assigned to after he earns his degree.

"Before, you were beholden to human-resource managers," Becker said. "This is a one-stop shop for information on how to manage your career, so once it's time to move on, you have all your ducks in a row."

And he isn't the only one who thinks the idea has merit.

RallyPoint — the military term for the place where scattered service members on a mission are to meet up — recently was awarded $100,000 as one of four top-prize winners in the MassChallenge competition, a validation, Weiss said, of all the nights he and Kletzing stayed up until 1 a.m., refining their idea.

The two plan to eventually extend the service to military spouses and to veterans, for whom the Department of Defense spends about $1 billion annually, reimbursing states for unemployment benefits.

According to a new CareerBuilder study, 65 percent of employers said they would be more likely to hire a veteran over another equally qualified candidate. Yet for post-9/11 veterans, the unemployment rate is 9.7 percent, higher than the national average of 7.8 percent, according to the Bureau of Labor Statistics.

"One of the causes of unemployment is service members only start to look for a job once they get out, and they often don't know where to look," Weiss said. "It should not be the case that someone can risk their life for their country, and the day they get out of the service, they can't find a job.


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Microsoft hopes to 'break barriers' with translator

Written By Unknown on Minggu, 11 November 2012 | 16.30

Reason No. 2,347 why Microsoft is making the world more like Star Trek: its latest voice translation project.

In an astonishing video that's making its way around the web, the company's chief research officer Rick Rashid speaks before an audience in Tianjin, China, as a computer translator spits out his words in Mandarin — in his own voice.

If you're familiar with the United Federation of Planets, you'll know that Star Fleet officers spoke different languages than Klingons and Ferengi and Vulcans. Yet they all communicated seamlessly thanks to the real-time "universal translator" that enabled everyone to hear their native language no matter what dialect was being spoken.

"The results are still not perfect, and there is still much work to be done, but the technology is very promising," Rashid wrote in a blog post this week. "And we hope that in a few years we will have systems that can completely break down language barriers. In other words, we may not have to wait until the 22nd century for a usable equivalent of Star Trek's universal translator."

He added, "We can also hope that as barriers to understanding language are removed, barriers to understanding each other might also be removed."

This latest advance brings to mind another sci-fi quest on the part of the Redmond, Wash.-software giant: its patent for "immersive display experience." As anyone who's ever watched Cmdr. William T. Riker play Parrises squares on the USS Enterprise well knows, the Star Trek holodeck provides a three-dimensional virtual reality experience, projecting images and shapes that surround the user.

While playing on your local holodeck is many decades away, Rashid's translation technology is being perfected now. In a breakthrough technology that Microsoft Research devised in cooperation with the University of Toronto, the translator learns the nuances of an individual's speech and builds a profile.

Using that data, it combines with properties from native Chinese speakers. In the case of Rashid, the system's profile then took his words, found the Chinese equivalents and reordered them to be grammatically correct Chinese.

A video of Rashid's speech shows cheers from the crowd of mostly Chinese students.

Wrote Rashid, "The commentary that's grown on China's social media forums ever since suggests a growing community of budding computer scientists who feel the same way."


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Texas firm takes on 2 apartment complexes

A Houston-based developer will break ground on two major apartment projects — one in Boston, the other in Cambridge — by the end of the year as the rental market heats up in the Hub.

Hanover Co. recently finalized a $25.6 million purchase of a 4-acre site near the Alewife MBTA station where it will build a 398-unit apartment complex. The seller was Equity Office, which carved off a piece of the Cambridgepark Drive site it acquired last year for $81.5 million. With permits for the apartment project already in hand, Hanover expects to start construction next month.

"We like the access to transit at the Alewife station and the biotech and pharmaceutical activity that Cambridge is well known for," said David Hall, a Hanover executive.

Meanwhile, the company is expected to break ground this week on a 21-story tower with 369 apartments at Pier 4 — the first wave in a redevelopment of the South Boston restaurant property.

Hanover purchased a piece of Pier 4 on Northern Avenue for $24.6 million in May from New England Development, the Newton company that shelled out $48.7 million to the Athanas family for the entire waterfront property. Two other buildings will follow.

In Cambridge, Hanover will go up against three other sizable apartment projects in the Alewife area, including a 244-unit complex by Houston-based Hines right across the street at 165 Cambridgepark Drive.

"We certainly will compete with each other," Hall said, "but the projects are somewhat staggered."

The influx of apartment projects has raised concerns among North Cambridge residents about potential traffic and environmental impacts. Construction started on a 227-unit complex at the former Faces nightclub site on Route 2, as well as a 428-unit project on Fawcett Street called The Atmark, by Boston's Cabot, Cabot & Forbes and O'Connor Capital Partners of New York.

"We just think it's a suburb zone for housing given the employment all around it," said Michael Boujoulian, a senior vice president at Cabot, Cabot & Forbes.


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Using their heads to combat cancer

A hair-raising presidential election and Hurricane Sandy didn't stop Small Army's Be Bold, Be Bald! campaign from achieving its highest participation numbers to date.

The 4-year-old initiative, spearheaded by the Hub advertising agency in the wake of co-founder Mike Connell's death from Stage 4 squamous cell carcinoma, saw upward of 6,000 people donning bald caps nationwide Nov. 2 to show solidarity with patients suffering from cancer.

Since 2009, Be Bold, Be Bald! has generated close to $600,000 for 30 large and small cancer organizations, including the Susan G. Komen for the Cure Foundation, The Jimmy Fund and Wellesley-based Heaps of Hope Inc., said Small Army CEO Jeff Freedman.

"Riding a bike, going on a walk, growing a mustache, it's all great and it's all great for fundraising, but we're more than fundraising," Freedman told the Herald. "We want discussions to start to honor the strength of cancer survivors and patients. That's equally, if not more, important than the money itself."

Newton North and Everett high schools and Boston ad agency Connelly Partners were among several local schools and businesses going "bald" for a day.

At Merrimack Pharmaceuticals in Cambridge, nearly half of the company's 240 employees wore the caps. Spokeswoman Kathleen Gallagher said the company, which donated $1,700, was inspired to join the cause after seeing how its pipeline of six clinical cancer drugs was affecting patients.

"It made us think, not just about the fact that what they're doing progresses our drugs, but the sacrifices they're making," Gallagher said.

Connell, a father of three diagnosed with cancer three times, died in November 2007 at the age of 45.

"As weak as he was; as skinny as he looked; even seeing him with all the IVs and knowing he was dying, the strength he had was just amazing to me," Freedman said. "I'd be bawling and crying and he'd be comforting me. It gave me a whole new perspective of how strong he was."


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