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State report asks business to close gender wage gap

Written By Unknown on Sabtu, 11 Oktober 2014 | 16.30

Gov. Deval Patrick is challenging businesses to close the wage gap and recruit more women to senior positions as a task force yesterday released a report showing women still earn less than men in comparable positions.

The "Successful Women, Successful Families" task force, led by state Secretary for Labor and Workforce Development Rachel Kaprielian, outlined recommendations, including promoting science, math and technology careers to young women, and developing training programs to increase the number of women executives.

It also called for more family-friendly policies such as flexible work schedules.

"This is an ongoing, important issue, and will become an even greater issue over time," said Kaprielian. "To have the kind of talent we need to compete in a global economy, we need to have all our players dressed and ready to play."

The report found that women earn 77 cents for every dollar earned by men in the state, creating a $12.2 billion wage gap.

Patrick yesterday said that 14 businesses had agreed to take part in a corporate challenge and work with Bentley University's Center for Women and Business to close the wage gap and put more women in leadership roles.

"I appeal to other business leaders to participate in this program and help break down the barriers facing women in the workplace so we can even the playing field and ensure that Massachusetts strengthens its leadership position in our global economy," Suffolk Construction CEO John Fish said in a statement.

C.A. Webb, executive director of the New England Venture Capital Association and a task force member, said it's up to the private sector to address workplace inequality.

"The governor and his staff are only in office for a few months ... We have to see what efforts private entities can take on," Webb said. 'We can't just keep talking about this stuff."


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The Ticker

Kmart hit by data breach

Retailer Sears Holdings Corp. said the payment data systems at its Kmart stores had been compromised, the latest in a series of computer security breaches to hit U.S. companies in recent months.

The U.S. Secret Service confirmed it was investigating the breach, which occurred in September and compromised the systems of Kmart, which has about 1,200 stores across the United States. The breach did not affect the Sears department store chain.

Sears said it believes hackers made off with some credit and debit card numbers.

More e-cig regs eyed on planes

Federal regulators should consider further regulations on electronic cigarettes on airplanes, the state's top fire official said after his office recently concluded one of the devices caused a small fire on a plane at Logan International Airport.

The Aug. 9 fire, confined to a single piece of luggage in the cargo hold, forced an evacuation of the plane. It was extinguished before the JetBlue aircraft took off. State Fire Marshal Stephen Coan said his office's investigators confirmed that an e-cigarette in a passenger's checked luggage turned on, causing the fire.

Coan sent a letter to the FAA this week about the incident, and U.S. Sen. Edward Markey said he'll ask the FAA to investigate whether e-cigarettes should be allowed on airplanes at all.

Corcoran Jennison files hotel plan

Corcoran Jennison Co. has filed a project notification form with the city to expand the DoubleTree Club by Hilton hotel in Dorchester's Columbia Point.

The Boston developer proposed a six-story, 89,500-square-foot addition that would include 96 new rooms for a total of 187 rooms, an expanded ground-floor restaurant, kitchen and back-of-house space, function rooms and a ballroom.

The addition would take the place of a parking lot on the northeast side of the Mount Vernon Street hotel, which is next to the former 20-acre Bayside Exposition Center site that Corcoran Jennison lost to foreclosure in 2009 and is now owned by the University of Massachusetts-Boston.

Raytheon, UMass Lowell open center

Raytheon and the University of Massachusetts Lowell yesterday officially opened a new collaborative research facility that will advance innovative technologies in a state-of-the-art setting.

The Raytheon-UMass Lowell Research Institute is located at the university's Mark and Elisia Saab Emerging Technologies and Innovation Center. Raytheon has committed $3 million with options to $5 million throughout the next 10 years to establish the facility. Initial research will focus on technologies for radar and communication systems.

Boston-based Phoodeez catering services has hired three new employees: Ian Danielson as director of business development, Brian Vicente as director of operations, and Tyler Smith as part of the business development team.


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Artists for Humanity to be big draw

A South Boston nonprofit that pays Hub teens to work with professional artists and designers is planning a major expansion of its flagship facility that's a model for economical green building.

The Artists for Humanity EpiCenter would nearly quadruple in size under an approximately $25 million, 63,500-square-foot expansion that would create an "energy-positive" building.

"We'll create more energy than we'll use, using a lot of solar and geothermal and some wind and really illustrating some of the great and progressive technologies that are out there," executive and artistic director Susan Rodgerson said. "It's a big challenge, but I think we can do it."

There currently are no such buildings on the East Coast that are 50,000 square feet or larger, according to the organization.

The expansion would allow the 23-year-old Artists for Humanity — which counts itself as the largest single employer of Boston teens — to double the number of youths served. This year 250 teens are working with artists to create fine art, industrial design and provide digital graphic services.

"The need to create jobs for teens is really important," Rodgerson said. "And the fact that there will be this space in the Innovation District providing access to technology and maker space and innovation … is really important for the kids in the city who don't really have access to that kind of stuff."

The teens, who work on projects ranging from a video for National Grid to public art for State Street Corp., are paid wages plus commissions. Last year they received close to $1 million.

The expansion also would add a "maker's studio," new gallery, meeting and conference space, a retail store and a cafe in addition to 25,000 square feet of leasable space for creative industry tenants.

Artists for Humanity plans a capital campaign to raise funds for the expansion, which will take advantage of a 9,000-square-foot parking lot donated by Gillette last year. It already has received some funding commitments, which Rodgerson declined to divulge.

The group moved into the 23,500-square-foot EpiCenter, built at a cost of $7 million, in 2004.

The Platinum Leadership in Energy and Environmental Design (LEED)-certified facility has become a popular place for weddings and other events.

"It was built on a budget, and we've become a really popular place for folks to come and see sustainability at a value," Rodgerson said.


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Bernanke defends AIG bailout in court

Written By Unknown on Jumat, 10 Oktober 2014 | 16.30

WASHINGTON — Former Federal Reserve Chairman Ben Bernanke testified in federal court Thursday that insurance giant American International Group Inc. had to be rescued by the government in 2008 to avert global catastrophe.

Bernanke took the stand at a trial of a lawsuit brought by former AIG Chairman and CEO Maurice Greenberg, who is suing the government over its handling of AIG's bailout loan. Bernanke was one of the key decision makers on the bailout, which began with an $85 billion rescue loan from the New York Federal Reserve in September 2008 and grew to nearly $185 billion in federal aid.

In early questioning, Bernanke kept his answers terse when asked about the potential damage an AIG collapse might inflict and details of how the Fed came to approve the bailout. He frequently responded "yes, sir" to questions posed by Greenberg's lead attorney.

"Certainly there was an enormous amount of stress on financial institutions" in the fall of 2008 after mortgage financiers Fannie Mae and Freddie Mac had been taken over by the government and fear cascaded through financial markets, Bernanke said.

It was a rare appearance by a former Fed chairman on the witness stand. Thomas Wheeler, the judge presiding over the nonjury trial in the U.S. Court of Federal Claims, said last year he would make an exception and allowed Greenberg's lawyers to depose Bernanke because the former Fed chief has firsthand knowledge of the government's decision to bail out AIG.

Greenberg, who was AIG's biggest shareholder, is suing the federal government for about $40 billion in damages. He asserts that it violated the Constitution's Fifth Amendment by taking control of AIG without "just compensation" for the shares it received. The government took control of 80 percent of AIG's stock in exchange for the bailout aid.

New York-based AIG, which had operations around the globe, spiraled toward collapse after making huge bets on mortgage securities that soured. It has since repaid the loan, and the government says taxpayers ultimately earned $25 billion on the investment in the company.

David Boies, the attorney representing Greenberg, questioned Bernanke about a meeting of the Fed governors on Sept. 16, 2008 to approve the emergency loan to AIG, and the extent to which details of the proposed terms of the loan were discussed.

Bernanke said he couldn't recall whether specific details, such as various fees to AIG, were discussed before central bank officials voted. During a couple of hours of testimony, he appeared at least slightly annoyed and shifted several times in his chair.

The terms of the loan included the huge government stake in the company and an interest rate called "crazily high" by a government official, according to an email produced in court Wednesday.

In the days before the Fed governors voted on the loan, Bernanke said, there was concern that AIG "didn't have a clear idea" of how much it would be able to repay the government. Two years later, in September 2010, Bernanke testified before a panel investigating the crisis that AIG "did worse than I had anticipated."

He said Thursday that the AIG bailout didn't comply with time-honored principles for central bank lending to financial companies in a crisis, such as lending to companies that are cash-strapped yet still solvent and demanding valuable collateral in return.

As he had done earlier with former Treasury Secretary Timothy Geithner, Boies tried to point up contradictions in Bernanke's statements about AIG and the bailout.

On the issue of collateral, Boies cited Bernanke's 2010 testimony that AIG was looking to sell insurance subsidiaries "that have substantial value ... so it was our assessment that they had plenty of collateral to repay our loan."

Bernanke is scheduled to continue his testimony Friday.

On Tuesday and Wednesday and earlier Thursday before Bernanke's appearance, Boies had tenaciously questioned Geithner, who headed the New York Fed at the time of the AIG loan. Geithner said he and his colleagues at the Fed and the Treasury Department believed that AIG's dire financial condition was "substantially" the result of its management taking on excessive risk.

Bernanke, who stepped down in January after eight years as Fed chairman, is a fellow at the Brookings Institution think tank in Washington and has been writing a memoir. The financial crisis, which plunged the economy into the deepest recession since the 1930s, was the defining moment of his tenure. Under his leadership, the Fed invoked all its conventional tools to salvage the economy. Once those were exhausted, Bernanke turned to extraordinary steps never before tried by the Fed.

AIG became a symbol for excessive risk on Wall Street and a touchstone of public anger. It was criticized, among other things, for paying millions of dollars in bonuses to executives after it was bailed out.

On Monday Henry Paulson, a Treasury secretary under George W. Bush, testified that the AIG bailout was specifically designed by the government to punish the company. Paulson, who headed Treasury at the time of the rescue, said AIG shareholders should have faced punishment for the company's troubled balance sheet.


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Ex-wife of Glock founder sues him over millions

ATLANTA — After working decades to build a wildly successful firearms company, Gaston Glock conspired with associates to push out his ex-wife and business partner of almost 50 years and steal millions of dollars she was entitled to, according to a lawsuit filed Thursday in federal court in Atlanta.

They participated in a worldwide racketeering scheme over decades aimed at taking money from Helga Glock, who was divorced from her husband in 2011, through various criminal methods, including improper royalty payments, laundering money through fraudulent billing companies, and sham lease and loan agreements, the lawsuit claims.

A woman who answered the phone Thursday in the media relations department at Glock Inc., the company's U.S. headquarters, referred questions to the company's lawyer but then hung up before giving a name or contact number. She did not answer when called back and did not immediately respond to a voice message.

Several lawyers who have previously represented Glock Inc. in legal disputes did not immediately respond to emails seeking comment.

The lawsuit details what it claims are the exploits of a man who regularly engaged in unscrupulous business practices and kept a stash of "fun money" used to "cavort with women around the world," going so far as to buy homes for some mistresses in the Atlanta area.

Glock's actions toward his family "resemble the senseless and self-destructive rage of Shakespeare's King Lear, when he foolishly mistreats a loyal but candid daughter, Cordelia, in favor of cunning and ruthless flatterers," the lawsuit says. "Perhaps neither pathology nor psychology can provide a satisfactory explanation for why an aging billionaire would spend his twilight years seeking to terrorize members of his own family."

Other defendants include companies owned by Glock around the world and several former Glock executives.

Helga Glock's lawsuit asks for a jury trial and seeks potential total damages of approximately $500 million, as well as attorney fees. She also asks a judge to remove Gaston Glock and others from their roles in the company, reorganize the companies owned by Glock and restore a larger ownership interest for Helga Glock.

Helga and Gaston Glock met in 1958 and married in 1962. They started a company in 1963 that eventually became a gun manufacturer called Glock Ges.m.b.H. in 1983, according to the lawsuit. Gaston Glock established a U.S. subsidiary of the company in Smyrna, just outside Atlanta, in 1985.

Glock's pistols quickly became popular among law enforcement officers and civilians alike, and the U.S. subsidiary became a main economic engine for the company, the lawsuit says.

Gaston Glock and his associates had complete disregard for any form of corporate structure and set up a network of sham companies in locations that included Bermuda, Curacao, Hong Kong, Ireland, Liberia, Luxembourg and Panama, the lawsuit says. They transferred money out of Glock Inc., and into shell companies he owned or controlled to hide the origins of the money, the lawsuit says.

Gaston Glock avoided questions from his wife and business partner using intimidation and demanding trust, telling her it would be better if she wasn't involved in their finances, the lawsuit says. She trusted and relied on him.

"While Glock Sr. had been promising his wife that all of his efforts were directed at building up the Company, and preserving it for the family's future, he and his associates had instead been systematically stealing from, and laundering the proceeds through separately-owned business entities and bank accounts," the lawsuit says.

Until 1999, Gaston Glock owned 85 percent of the shares of the Austrian parent company and Helga Glock owned 15 percent.

Gaston Glock and his associates created foundations and convinced Helga Glock and their children to contribute their assets and waive inheritance rights, ostensibly to benefit them and protect the family's control of the company, the lawsuit says. Helga Glock was left with a 1 percent interest in the company, and Gaston Glock had complete control of the trusts, the lawsuit says.

After they divorced, Gaston Glock removed his wife and three adult children as beneficiaries of the foundations and said they and their descendants could not have any further association with the company, the lawsuit says. Shortly after the divorce, Gaston Glock married a woman roughly 50 years his junior.

Thursday's lawsuit is not the first time Helga Glock has turned to this U.S. federal court in a dispute with her ex-husband. In March 2013, she asked the court to help her get financial records for Glock's American companies so she could use them in the couple's divorce proceedings in Austria to establish marital assets and the amount he should pay her in support. The judge in that case granted her request for subpoenas.

Lawyers for the company have responded in court filings that there's no basis for the federal court to compel the company's U.S. entities to turn over the financial documents because Helga Glock can't use any of them in the Austrian proceedings.


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Asian stocks sink after Wall Street plunge

BANGKOK — Asian stocks sank Friday after Wall Street suffered its worst day of the year and weak German trade data fueled worry Europe is sliding into recession.

KEEPING SCORE: Tokyo's Nikkei 225 index plunged 1.3 percent to 15,286.25 points and Hong Kong's Hang Seng lost 1.6 percent to 23,144.81. China's Shanghai Composite Index shed 0.6 percent to 2,375.28. Seoul fell 1.3 percent and Sydney and Singapore also declined.

WALL STREET: Volatility returned to U.S. markets as stocks had their worst day of the year just 24 hours after recording their best. Prices fell after members of the Federal Reserve board expressed concern about inflation, tempering suggestions in minutes of a recent Fed meeting released Wednesday that suggested interest rates would not be raised for now. The Dow Jones industrial average and Nasdaq composite both lost 2 percent and the broader Standard & Poor's 500 fell 2.1 percent.

EUROPE: Concerns Europe is headed for recession rose after Germany, the continent's biggest economy, reported its weakest year-on-year export growth in five years. The president of the European Central Bank, Mario Draghi, gave no indication of any further monetary stimulus, suggesting in a speech in Washington that governments need to do more on the fiscal side.

ANALYST'S TAKE: "Markets are markets are rather unimpressed with the state of global growth (EZ in the most unflattering state) and equally unimpressed with potential policy response," said Mizuho Bank in a report.

HONG KONG: The government called off talks with pro-democracy protesters, possibly extending demonstrations that have blocked streets for almost two weeks. The protesters want a bigger public voice in the selection of the territory's next leader in 2017. The impact on this Asian financial center's economy has been limited but analysts warn it could rise if protests erode its appeal to foreign companies and investors.

ENERGY: Benchmark U.S. crude plunged $2to $83.77 per barrel on concerns slowing global economic growth will reduce demand while production stays high. The contract lost $1.56 on Thursday to $85.77. Brent crude, used to price international oils, lost $2.08 to $88.29.

CURRENCY: The dollar declined to 107.78 yen from Thursday's 107.87. The euro held steady at $1.27.


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The Ticker

Written By Unknown on Kamis, 09 Oktober 2014 | 16.30

HubSpot prices shares at $25 for today's IPO

Cambridge-based HubSpot, an inbound marketing and sales software company, last night priced its initial public offering at $25 a share, above the expected range of $22 to $24 a share.

The 5 million common shares are expected to begin trading on the New York Stock Exchange today under the ticker symbol "HUBS."

Stock market has best day of the year

The stock market surged yesterday, erasing a steep loss from the day before, as investors reacted to minutes from the Federal Reserve's latest policy meeting, which showed that the central bank wants to keep interest rates extremely low for the time being.

The Dow Jones jumped 274.83 points, or 1.6 percent, to 16,994.22. The Standard & Poor's 500 index added 33.79 points, or 1.8 percent, to 1,968.89 and the Nasdaq composite rose 83.39 points, or 1.9 percent, to 4,468.59. All three indexes had their biggest point and percentage gains of the year. The Dow's jump was its biggest gain of the year.

AT&T to pay $105M for phone charges

AT&T Inc. agreed to pay $105 million, including $80 million in consumer refunds, to settle federal and state investigations that the company illegally billed mobile phone customers for unauthorized charges for ringtones and other services, officials said.

The practice, known as mobile cramming, involved hundreds of millions of dollars in charges for third-party services, the Federal Trade Commission said.

Massachusetts will receive more than $327,000 as part of the settlement.

Newton couple charged in $5.4M fraud

Secretary of State William F. Galvin has charged a Newton couple with fraud for allegedly failing to disclose important information to real estate investors, including their lack of experience and conflicts of interest.

Eileen and Lawrence Schwartz and their investment firm E. S. Schwartz & Co. allegedly misled clients into thinking they had experience in various real estate markets, causing investors to lose $5.4 million, Galvin said.

TODAY

  • Labor Department releases weekly jobless claims.
  • Commerce Department releases wholesale trade inventories for August.
  • Woburn-based MKA Executive Planners, which provides personalized retirement income planning for executives, business owners and professionals, announced the appointment of Dennis Sexton, left, as senior vice president. He previously managed the employee benefits division of IIG Inc.SentiCare Inc. and WorldClinic Inc.

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Report: Mass. makes 60 percent of N.E. requests for H-1B visas

Although New England accounts for only a small share of the national requests for visas for highly skilled immigrants, it has some of the highest demand for such visas relative to total employment, according to a new report from the Boston Fed's New England Public Policy Center.

New England accounted for 25,000, or about 
7 percent, of the more than 370,000 requests for so-called H-1B visas in 2012, exceeding the region's 5 percent share of national employment, according to the center, and Massachusetts accounts for roughly 60 percent of New England's H-1B visa requests annually. Of those visa requests, 55 percent come from the Boston area, which accounts for just 37 percent of New England's employment.

But despite the demand for highly skilled workers, on Capitol Hill the Republican-controlled House failed to act on a bill the Senate passed last year to raise the cap on H-1B visas from 65,000 to as many as 180,000 per year.

"It's the anti-economy, shoot-yourself-in-the-foot strategy," said Jeffrey Bussgang, general partner at Flybridge Capital in Boston and senior lecturer at Harvard Business School. "I have (international) students in my class who want to start and grow their business here, but are forced to leave. We train them, and then we chase them out the door to create jobs outside the U.S."

To stem that flow of talent, the state enacted the Global Entrepreneur in Residence Program with $3 million from the 2014 Jobs Bill. Under the three-year, pilot program, UMass Boston and UMass Lowell will help foreign entrepreneurs, who started businesses while they earned advanced degrees here, get H-1B visas, said Maeghan Silverberg Welford, chief of staff at the Massachusetts Technology Collaborative. In return, the entrepreneurs will work for the universities part time, helping students launch their own businesses, for 18 months, after which it will be up to the entrepreneurs to apply for another visa or a green card if they want to stay here longer.


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City orders one-day suspension of club’s license

The Boston Licensing Board yesterday slapped a local nightclub with a one-day license suspension for failing to call police about an alleged sexual assault on its dance floor.

Mac Dauber, the Royale's security director, told the board Tuesday that the alleged victim never told him she had been groped Aug. 10.

But the board unanimously agreed yesterday that Dauber erred when he told the 24-year-old woman the police didn't need to be called because he worked closely with them.

"It's clear she made at least some people aware of exactly what transpired," Chairwoman Nicole Murati Ferrer said.

Dauber was not at yesterday's meeting and could not be reached for comment.

Licensing Board records show the Royale has a history of failing to call 911 for emergencies, a charge it denies.

The board issued the Tremont Street club a warning on May 19, 2011, after a patron said he was stabbed, and staff gave him bandages instead of calling for an ambulance. On Jan. 20, 2011, the board suspended the club's license for two days for failing to call 911 after a man reported he was beaten.


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Accelerator teams with French city

Written By Unknown on Rabu, 08 Oktober 2014 | 16.30

Boston startup accelerator and competition host MassChallenge will sign a memorandum of understanding today to forge ties with the city of Lyon, France, home to an international biotechnology cluster and Europe's top center for vaccine production.

"It's basically a general framework for cooperation between the entrepreneurial ecosystems of Lyon and Boston in general, but specifically here with MassChallenge," said Amir Eldad, MassChallenge's international expansion "evangelist."

There's a very distinct sector alignment between the two cities, including in the life sciences, biotech, medical devices, robotics and nanotechnology, Eldad said.

MassChallenge participated in Gov. Deval Patrick's September trade mission that included a Lyon stop. Lyon Mayor Gerard Collomb, slated to be in Boston today, was unavailable for comment.

The second largest metro area in France, Lyon is home to the headquarters of vaccine maker Sanofi Pasteur and in vitro diagnostics company bioMerieux, both of which have operations in Cambridge.


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Bill Gates gives $5M to startup

A Cambridge biotech startup yesterday got a 
$5 million boost from the Bill & Melinda Gates Foundation to develop synthetic bacteria to fight disease.

Synlogic said it will work with the former Microsoft boss' charitable foundation to help combat diseases in poor and developing nations.

"We are excited to work with Synlogic in such an encouraging area of breakthrough science," Trevor Mundel, president of Global Health at the Bill & Melinda Gates Foundation, said in a statement. "Synlogic's technology platform could lead to new therapies for some of the most severe diarrheal diseases, the second-leading cause of death for children in developing countries."

The Gates Foundation has committed the $5 million in addition to the nearly 
$30 million Synlogic raised in July in Series A round funding from Atlas Ventures and New Enterprise Associates.

"It's certainly very validating for a company that is just getting started," said Ankit Mahadevia, Synlogic's chief executive. "We started this company to develop great products."

Using synthetically engineered microbes, Synlogic has developed a way for bacteria to perform a specific therapeutic action inside the body — such as delivering drugs — and then deactivate.

Mahadevia said the company will use the money to continue to develop its synthetic microbe platform. Earlier this year, Synlogic said it's platform "could have merit" in treating gastrointestinal diseases.

The Gates Foundation's global health division is focused on solutions to major health issues in poor and developing nations. In addition to its investments, the foundation has given out 
$30 billion in grants.


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Bruins’ practice rink striking glass

The Boston Bruins' new practice facility at New Balance's Boston Landing project complements the high-glass design of the athletic footwear company's adjacent headquarters, according to preliminary renderings filed with the city.

The rink's glass facade will allow travelers along the Massachusetts Turnpike, which it fronts, to see into the Brighton practice facility for peeks of its stands and ceiling banners.

The preliminary designs by Boston's Elkus Manfredi Architects show the NHL team's trademark spoked B logo figuring prominently on the building's exterior.

The rink, which will include about 650 seats, concessions and Bruins locker room and training space, is set for completion in 2016.

— DONNA GOODISON


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Samsung expects lowest profit in over 3 years

Written By Unknown on Selasa, 07 Oktober 2014 | 16.30

SEOUL, South Korea — The world's biggest smartphone maker is suffering a stunning financial decline in the face of intense competition from Apple Inc. and upstart Chinese brands.

In a preview to earnings due out this month, Samsung Electronics Co. said Tuesday its quarterly profit is estimated to have fallen to its lowest level in more than three years, dragged down by weak sales of its new Galaxy model.

Samsung became the biggest smartphone brand on the popularity of earlier Galaxy models. But the bigger screen on Apple's new iPhone 6 is luring away Americans who liked the bigger Galaxy, while in China, local brands are making inroads into Samsung's business.

Analysts have repeatedly cut forecasts of Samsung's profit this year as Galaxy sales lagged expectations. They say earnings in the quarter ending in September could suffer their biggest decline in Samsung's recent history.

In Tuesday's report, Samsung said the median forecast of July-September operating income was 4.1 trillion won ($3.8 billion). That was below the median of analysts' expectations of 5.2 trillion won, according to FactSet, a financial data provider. It would be a 60 percent plunge from record-high 10.2 trillion won a year earlier.

The decline in Galaxy sales has hurt demand for Samsung components such as an advanced display called OLED. High marketing costs are undermining profits.

"The operating margin declined due to increased marketing expenditure and lowered average selling price," Samsung said in a statement. The company said it "cautiously expects increased shipments of new smartphones and strong seasonal demand for TV products."

Analysts say the bigger iPhones released last month will likely take away American customers who favored the Galaxy's bigger screens. In emerging markets such as India and China, Samsung's smartphone sales were overtaken by local rivals.

Samsung estimated sales for the July-September period declined 20 percent from a year earlier to 47 trillion won ($44.2 billion). That was slightly below analysts' expectations of 50.4 trillion won.

In January, analysts estimated Samsung's third quarter operating income would exceed 10 trillion won. That expectation has been steadily lowered to about half this month.

Quarterly profit from its mobile business, which reached 6.7 trillion a year earlier, is forecast to be a little over 2 trillion won.

The company needs to revamp its handset designs, said Lee Seung-woo, an analyst at IBK Securities Co.

"Rather than seeking stability, Samsung should seek to distinguish (its phones) with Galaxy's design policies," he said. "The iPhone 6 will be a significant threat to Samsung."

The company moved the launch of the Galaxy Note 4, a large smartphone with a stylus, to late September from October after Apple unveiled the iPhone 6. It also began sales of the Galaxy Note 4 in China last month, getting an early start in the world's most populous country before Apple.

Last month, Samsung also received upbeat initial responses to its Galaxy Note Edge smartphone, a smartphone with a curved side screen that can display weather, news, apps and other information. But the supply volume for the Edge smartphone will be limited, likely not giving a big boost to its earnings, analysts said.

With growth momentum in smartphones sagging, Samsung is moving to step up its presence in the semiconductor business.

This week, Samsung announced a 15.6 trillion won ($14.7 billion) investment plan to build a new semiconductor fabrication plant in the South Korean city of Pyeongtaek. The construction will begin before the summer next year and begin operations during the second half of 2017.

Samsung did not disclose net income or divisional earnings in its quarterly earnings preview.


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US health providers expand their Ebola precautions

NEW YORK — Public hospitals in New York City are concerned enough about Ebola that they've secretly been sending actors with mock symptoms into emergency rooms to test how good the triage staff is at identifying and isolating possible cases.

A small hospital in the Ohio countryside has hung up signs, imploring patients to let nurses know immediately if they have traveled recently to West Africa.

And across the U.S., one of the nation's largest ambulance companies has put together step-by-step instructions on how to wrap the interior of a rig with plastic sheeting while transporting a patient.

Ebola has yet to infect a single person on U.S. soil — the one confirmed case here involves a man who contracted the virus overseas. But health care providers are worried enough that they are taking a wide variety of precautions.

It isn't yet clear whether those preparations are overkill, or not nearly enough. But medical officials and health experts say that, at the very least, the scare is giving them a chance to reinforce and test infection control procedures.

"The attention has been, in a sad way, very helpful," said Dr. Richard Wenzel, an epidemiologist at Virginia Commonwealth University and a former president of the International Society for Infectious Diseases.

He said even small hospitals far from hubs of international travel should be reviewing their protocols and screening questions now, and potentially buying protective equipment such as face masks and protective suits, to avoid a repeat of the problems that occurred at a hospital in Dallas, where a man with Ebola was sent home — only to be readmitted two days later.

"The debacle in Texas should stimulate improved awareness and responses," Wenzel said.

Hospitals around the country are already getting ample opportunities to test their infection control procedures due to a growing number of false alarms.

In New York, 24 patients have been put into isolation over the past eight weeks in city-owned hospitals because of fears they might have Ebola, according to Dr. Ross Wilson, the chief medical officer at the New York City Health and Hospitals Corporation.

None had the disease (some patients had malaria and one had typhoid), but Wilson said the point has been to isolate possible cases quickly so there is no chance for the virus to spread.

"We're taking this very seriously," he said.

Some staff has been retrained on how to properly put on and remove protective gear. At the city's flagship public hospital, Bellevue Hospital Center, technicians are assembling a lab that will exclusively handle Ebola blood tests so that samples won't contaminate equipment in other parts of the hospital. A small number of beds have been set up in an isolation ward for taking confirmed cases. So far, nobody has had to use it.

City 911 operators have been told to ask certain people calling for an ambulance whether they've been to West Africa recently.

That question is also becoming the norm at AMR, which operates private ambulances in 40 states. It has told its staff of 19,000 paramedics and EMTs that patients with certain symptoms should be asked about travel to certain parts of Africa. If they answer yes, emergency service workers are supposed to don extra protective gear, including shoe coverings, a mask and goggles, and alert health authorities that the patient might have Ebola.

"We don't want to respond with a presumption that everyone in the field has Ebola," said Dr. Ed Racht, AMR's chief medical officer. But he said extra precautions are warranted.

"The idea is, if the travel question is positive with the symptoms, it gives us a yellow flag ... It doesn't mean immediately putting on the space suits."

That said, the company has also put together a guide for transporting patients who have tested positive for the virus. It includes step-by-step instructions on how to use plastic sheeting, garbage bags and duct tape to protect the ambulance and the driver from contaminants.

Step No. 2: "Place sheeting on the floor of the rig and affix to bench seat, jump seat and walls to create a bowl affect in an effort to channel any body fluids toward the center of the floor causing fluids to collect in one area."

A more commonplace precaution has popped up at the Mercer County Community Hospital in Coldwater, Ohio, a village of 4,400 people near the Indiana state boarder. Nicole Pleiman, an infection prevention and control nurse, said the hospital posted signs at entrances about a month ago telling patients to notify the staff immediately if they've traveled recently to African countries hit by the outbreak. Other hospital protocols are under review, she said.

"We will definitely revisit that to see if we need to do anything additional," she said.

Three major hospitals in Dallas have established isolation units and consulted with staff members about how to handle the next Ebola patient, if one arises.

With eight children sent home from school because they had direct contact with the lone confirmed Ebola victim, Children's Memorial Hospital in northwest Dallas is preparing to treat any pediatric Ebola patients.

Doctors at the other two facilities, Parkland Memorial Hospital and Baylor University Medical Center, have identified doctors and nurses ready to treat any Ebola patient. As has become commonplace nationwide, the Dallas hospitals are screening incoming patients to see if they've traveled to West Africa within the last three weeks.

Officials at the U.S. Centers for Disease Control, while urging providers to be prepared, also have repeatedly said that they don't believe the country is likely to see the type of outbreak that has killed thousands of people in Liberia, Sierra Leone and Guinea.

Mortality rates are likely to be much lower in the U.S., due to more sophisticated care, experts say. Ebola also isn't nearly as contagious as illnesses such as the flu, which can be spread through the air, or HIV, which can be transmitted by people who have no symptoms.

Still, there is concern in some quarters that not enough is being done.

National Nurses United, a union that says it represents about 185,000 nurses nationwide, has been distributing a survey on Ebola preparedness to its members. Union spokesman Charles Idelson said many respondents have said they don't feel nurses at their hospital have gotten enough training about how to handle a patient who might have the virus.

Many of the nurses said they weren't even aware of whether their hospital had protective gear, he said.

"It's not enough to post a link to the Centers for Disease Control on the hospital's website," he added.

Wenzel, the infectious disease specialist at Virginia Commonwealth University, said that to truly be prepared against the virus, officials may want to think beyond health care facilities.

For instance, he suggested that cab drivers might be given pamphlets urging them to ask sick passengers on the way to the hospital the same question being posed now by ambulance drivers and triage nurses: Have you traveled to West Africa lately?

"I wouldn't put it in terms that are going to make people panic," he said. But he said that, at the very least, drivers should know that cleaning up a mess left by a sick passenger could carry a health risk.

___

Associated Press writers Nomaan Merchant in Dallas and John Seewer in Toledo, Ohio, contributed to this report.

___

The AP National Investigative Team can be reached at investigate@ap.org


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Mobile revolution shakes up Silicon Valley

SAN FRANCISCO — Smartphones, tablets and other gadgets aren't just changing the way we live and work. They are shaking up Silicon Valley's balance of power and splitting up businesses. Long-established companies such as Hewlett-Packard Co. and eBay Inc. are scrambling to regain their footing to better compete against mobile-savvy trendsetters like Apple and Google, as well as rising technology stars that have built businesses around "cloud computing."

That term covers a swath of Internet-driven services that shifted technology from the days software users paid a one-time fee to buy and install programs on individual machines where they also stored all their data on hard drives. But with the advent of the "cloud," people can now rent software to use over the Internet. This enables customers to access documents, pictures and other vital information from any kind of Internet-connected device, a convenience that's become a necessity during the past few years as people increasingly rely on smartphones and tablets instead of laptop and desktop computers.

Business software makers such as Salesforce.com Inc., VMware Inc. and Workday Inc. built their entire business models around the cloud. All have delivered impressive revenue growth that turned their stocks into hot commodities. Online storage services Dropbox and Box have yet to go public. But they have been minted with big valuations from venture capitalists who believe they will thrive amid the increased usage of mobile devices and cloud-computing services. Meanwhile, Apple Inc. and Google Inc. are prospering from the rise of mobile devices now that their competing software systems — iOS and Android — run most of the smartphones and tablets in the world. Apple now reigns as the world's most valuable company at roughly $600 billion while Google ranks third at about $400 billion.

Google is developing another way to make money off the cloud-computing movement: leasing some of the servers in its data centers to mobile application and Web service providers. Amazon.com Inc. has been doing the same thing for an even longer period of time, enabling providers to develop and introduce new cloud computing services without having to spend a lot of money on servers sold by the likes of HP, IBM Corp. and Oracle Corp.

The rise in mobile popularity has taken a big bite out of personal computer sales. That's slammed Silicon Valley pioneer HP, once the world's biggest seller of PCs.

Since Apple ignited the tablet market with the 2010 release of the iPad, the annual revenue in HP's personal computer division has plunged by more than 20 percent. That downturn is a key reason why HP's market value has fallen by about $55 billion, or 40 percent, since the iPad's release. In an effort to adapt, HP said Monday that it will split off its PC and printer operations and form a separate company tailored to business software and services for the cloud-computing age. The spin-off is something HP originally explored three years ago only to back off after CEO Meg Whitman concluded the company would be stronger if it held on to the PC division.

That conclusion reflected a long-standing belief that companies are generally better off when they have an array of products to appeal to the various needs of different customers.

HP and other large companies are "struggling to compete against younger upstarts," says long-time Silicon Valley observer Paul Saffo. "Once upon a time, scale and size were a competitive advantage. Now, they are a problem."

Last week online marketplace eBay announced a similar spinoff. After rejecting the notion earlier this year, it decided to unleash its online payment service, PayPal, to give it a better chance to compete against threats posed by other mobile payment options. Most analysts believe Apple's decision to introduce its own mobile payment service, Apple Pay, on the new iPhones released last month prompted eBay to finally cut PayPal loose.

"Is this the beginning of a trend?" wonders Bob O'Donnell, chief analyst at TECHnalysis Research. "We saw a lot of tech firms become conglomerates. At a certain point in any market, the pendulum starts to swing back the other way. You start to sell off pieces because it becomes unmanageable as a business."

Yahoo Inc., a long-struggling company that built one of the Internet's best-known brands, currently faces pressure from activist investor Starboard Value LP to make changes such as spinning off its lucrative stakes in two Asian companies, Alibaba Holding Group and Yahoo Japan. Since Starboard urged the company to take action in a letter late last month, Yahoo has only said it will explore its options and maintain an "open dialogue" with all shareholders.

Even though both HP and eBay dawdled with their spinoffs, it's probably a good sign that they both finally got around to doing it, says technology analyst Rob Enderle. Investors evidently think so too. EBay's stock price surged by more than 7 percent on the day the PayPal spinoff was announced, while HP's shares gained nearly 5 percent after the company disclosed plans to part with its PC division.

"The companies are at least trying to evolve to address the threat, which is a good sign because the change in technology is accelerating," Enderle says.

___

AP Technology Writer Brandon Bailey contributed to this story.


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Wal-Mart plans 1-stop health coverage shopping

Written By Unknown on Senin, 06 Oktober 2014 | 16.30

NEW YORK — Wal-Mart is taking one-stop shopping to another area: health insurance.

The world's largest retailer plans to work with DirectHealth.com, an online health insurance comparison site and agency, to allow shoppers to compare coverage options and enroll in Medicare plans or the public exchange plans created under the Affordable Care Act.

The strategy is another step into insurance marketing as the retailer tries to use its mammoth size to expand beyond food and other basics at a time of sluggish traffic and sales. It also could help Wal-Mart compete with drugstore chains such as Walgreen and CVS, which are rapidly adding health care services.

Customers can enroll online, by phone or at 2,700 of Wal-Mart's more than 4,000 stores, starting Oct. 10. The stores will be staffed with independent insurance agents from DirectHealth.com.

In April, Wal-Mart teamed up with Autoinsurance.com to let shoppers quickly find and buy insurance policies online. DirectHealth.com and Autoinsurance.com are owned and operated by Tranzutary Insurance Solutions LLC, a subsidiary of Tranzact of Fort Lee, New Jersey, which set up Tranzutary specifically to work with Wal-Mart.

Wal-Mart won't receive commissions on health coverage sales and hopes to benefit partly by luring customers into stores. DirectHealth is absorbing most of the costs to operate the program, Labeed Diab, senior vice president and president of Wal-Mart's health and wellness division, told The Associated Press.

Wal-Mart plans to launch a TV, radio and in-store promotions campaign this month.

Since 2005, Wal-Mart has hosted health insurance agents from individual insurers in stores to field questions and enroll customers. But Diab said that with the Affordable Care Act, shoppers found the search for coverage more complicated.

He cited outside research that shows that more than 60 percent of people have difficulty understanding their health insurance options and nearly 40 percent feel they picked the wrong plan after enrollment.

"We saw a greater need to bring more transparency and simplicity," Diab said. He noted the strategy is also part of Wal-Mart's strategy to build business in wellness and health care. But he also is counting on the program to bring more customers to the store.

"The more we can broaden the assortment, the more we can educate our customer, the better off we will be," he added.

As part of Wal-Mart's expansion into health care, it is testing 11 health care clinics run by Wal-Mart itself that offer primary care such as health screenings and management of chronic conditions like diabetes. That's different from its 100 leased health care clinics in its stores that focus on basic services like flu shots.

The health insurance program works this way: For customers over 65, DirectHealth.com offers access to more than 1,700 plans from 12 carriers including Aetna, Cigna, Humana and UnitedHealthcare during the Medicare open enrollment period from Oct. 15 through Dec. 7.

For customers under age 65, DirectHeath.com offers access to thousands of health exchange plans from more than 300 carriers. That open enrollment period is Nov. 15 to Feb. 15.

Customers can compare or enroll over the phone by calling 888-383-2111.

_________________

Follow Anne D'Innocenzio at http://www.Twitter.com/adinnocenzio


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Corporate deals set to return to pre-crisis levels

LONDON — After a year that's been awash with multi-billion dollar deals, the number and value of mergers and acquisitions looks set to return to pre-crisis levels over the coming 12 months, consulting firm EY said Monday.

In its biannual Global Capital confidence barometer, EY said global M&A is on course to return to 2006 levels in the next year thanks to improvements in market conditions. Companies started getting reluctant to do deals in 2007 when the credit crunch really started. The following year's global financial crisis and subsequent recession saw M&A activity come to a near standstill.

However, the appetite for deal-making has picked up over the past couple of years as the world economy has recovered and stock markets, particularly in the U.S., have bounced back on growing confidence about the future. This year has seen a flurry of big announcements, particularly in the U.S., including AT&T's $48.5 billion takeover offer for DirecTV and Facebook's $19 billion bid for WhatsApp.

EY's survey found that 40 percent of companies anticipate pursuing acquisitions in the next 12 months. That's the highest level in three years.

It said the deals will not be confined to big names. In fact, some of the biggest activity will likely come from smaller firms seeking to strengthen their core businesses — it expects a big pick-up in deals valued at $250 million and under.

"Stable asset prices as well as increasing confidence in stability of the global economy are encouraging a more buoyant outlook for M&A," said Pip McCrostie, EY's global head of M&A. "Having experienced many years of volatility, this growing stability provides greater certainty in terms of strategic planning, although executives will continue to closely monitor unfolding geopolitical events."

EY said much of the M&A momentum will come from companies in the U.S., Britain, China, Japan, India and Australia. And the top five target countries are Brazil, China, India, Britain and the U.S. The sectors it found that could see big activity include automotive, technology, life sciences, telecommunications and consumer products

The survey is based on interviews with more than 1,600 senior executives in over 60 countries.


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Global stocks higher after US jobs data

SEOUL, South Korea — Global markets were mostly higher on Monday on strong U.S. jobs data but some Asian markets were lower as investors looked to the U.S. Federal Reserve for signs of when it might raise interest rates.

KEEPING SCORE: Britain's FTSE 100 rose 0.4 percent to 6,555.94 and Germany's DAX advanced 1.2 percent to 9,309.37. France's CAC 40 added 0.4 percent to 4,298.23. Futures augured another cheerful day for U.S. stocks, with futures for the Dow Jones industrial average and the Standard & Poor's 500 up 0.4 percent.

ASIA'S DAY: Japan and Hong Kong rose but the rest of Asia was subdued. Tokyo's Nikkei 225 rose 1.2 percent to 15,890.95 and Hong Kong's Hang Seng index jumped 1.1 percent to 23,315.04. South Korea's Kospi dipped 0.4 percent to 1,968.39 and Australia's S&P/ASX 200 lost 0.5 percent to 5,292.90. Markets in mainland China were closed for a holiday.

US HIRES MORE, PAY FLAT: Government data showed employers added 248,000 jobs in September, beating market expectations. Unemployment fell to a six-year low of 5.9 percent. The Labor Department said hiring in July and August also was stronger than initially estimated. But average hourly wages fell a penny last month. Lack of wage inflation might prompt the Fed to delay raising interest rates from near zero. Many economists expect the Fed to put off a rate hike until mid-2015.

LOWER GERMAN DATA: German factory orders dropped 5.7 percent in August from the previous month, worse than the 2.5 percent drop forecast. Analysts blamed a decline in demand from Eurozone markets and uncertainty over Ukraine and the Middle East.

EUROPE SILENT ON STIMULUS: After a meeting of European Central Bank leaders last week, bank president Mario Draghi said Europe's recovery is "weak, fragile, and uneven." But Draghi disappointed markets by failing to put a figure on the size of a planned stimulus.

ANALYST'S TAKE: "On Friday, the U.S. once again showed that it is the best house on what seems to be a slowly deteriorating neighborhood," said Chris Weston, chief market strategist at IG Markets. "While Europe is sinking into a stagflation hole, money managers are seeing qualities in the U.S. that stand out by a country mile right now."

WEEK AHEAD: The Fed is due to release minutes on Wednesday of a meeting last month. Investors will be watching for clues about a timetable for rate hikes and discussion surrounding the decision to keep the "considerable time" phrase in its pledge to keep interest rates near zero. Markets will be particularly attentive to signs of "increased hawkishness," said Sébastien Barbé of Crédit Agricole.

ENERGY: Benchmark U.S. crude added 26 cents to $90.00. On Friday, the contract lost $1.26 to settle at an 18-month low of $89.74 per a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, was up 49 cents to $92.80.

CURRENCIES: The dollar fell to 109.40 yen from Friday's 109.80. The euro inched up to $1.254 from $1.252.


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Artisan’s Asylum seeks to reinvent mission

Written By Unknown on Minggu, 05 Oktober 2014 | 16.30

The "bang, bang, bang!" in the background at Artisan's Asylum sounds startlingly like gunshots, but Ecco Pierce assures that it's only one of her compatriots at work.

"Your first impression when you walk in here is overstimulation," says Pierce, a 28-year-old multimedia artist. "The place is never quiet. It's never empty. It's a 24-hour establishment inhabited by daytime professionals, evening hobbyists and nighttime fanatics."

Strange, blinking robots hold court alongside fine artists, engineers, welders, woodworkers and other craftsmen, many of whom offer classes in their 150 studio spaces in the old Ames Envelope building in Somerville.

This rapidly growing amalgam of talent began in 2010, when a mechanical engineer and a costume designer were looking for a place where they could make things in their spare time.

The two rented 1,000 square feet in the Taza Chocolate factory and, to keep costs down, invited their friends on Facebook to share the space, expecting a dozen or so to take them up on the offer.

When 100 people showed up at their first meeting, they knew they were on to something.

"We've evolved from being a clubhouse for fun to being a real small-business incubator," said Molly Rubenstein, director of education and outreach. "And we feel like there's a lot of potential to do even more."

MassChallenge, the world's largest startup accelerator, selected Artisan's Asylum and 127 other finalists to compete for a share of more than $1.5 million in cash prizes.

"We're not trying to get to market; we're already here," Rubenstein said. "What we came to MassChallenge looking for was help planning our long-term evolution."

Artisan's Asylum is exploring working with local schools to teach youngsters real-world skills in science, technology, engineering, art and math, or STEAM.

And it wants to expand the training it offers in advanced manufacturing, an industry that will need to fill an estimated 100,000 jobs in the state over the next decade.

"Part of what we want to do is bring back the appeal of being a skilled tradesman," Rubenstein said. "We want to make sure that once you have a prototype, you don't send it over to China to be manufactured when it can be made right here."

Artisan's Asylum is "one of a very small number of pioneers in the maker space" qualified to provide that kind of training, and it's looking for potential partners who can help it scale nationally and internationally, said Mark Allio, a MassChallenge mentor and regional director of the Massachusetts Small Business Development Center at UMass Boston.

"I think they have a pretty clear vision of the value they add," Allio said, "and MassChallenge could help them expand to have an even bigger impact."


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Robots to learn from Nurses

On the labor and delivery floor of Beth Israel Deaconess Medical Center, about 20 so-called ninja nurses use their sixth sense to efficiently assign staff and resources to patients to make sure everyone gets the care and attention they need.

Now, a doctor and an Massachusetts Institute of Technology professor are teaming up to use their medical and robotics expertise to improve how machines work with humans, and make hospitals a bit better in the process.

"What we're aiming to do is learn from people who are outstanding at these resource allocation jobs and potentially teach a machine," said Julie Shah, the professor who leads the Interactive Robotics group at the Computer Science and Artificial Intelligence Laboratory at MIT.

Shah and her husband Neel Shah, an obstetrician at Beth Israel, will spend the next two years learning from these "ninja" nurses — officially called resource nurses — to try to understand how they make certain choices to improve decision making in the hospital and in machines.

The Shahs will develop a simulation test for the resource nurses, with the goal of translating instinctive decisions into specific explanations for certain actions. The project is funded by the Harvard Risk Management Foundation.

"If we can learn what these rules are that the best people are using, we'll be able to train people better," Neel Shah said.

The Shahs said they hope to have a training tool that can help other nurses make better decisions within two years, but eventually hospital floors could have intelligent machines to help hospital staff make decisions.

"Any tools we can give clinicians on the front line and control as best we can are really helpful and (can) make care safer," said Carol Keohane of CRICO, which awarded the grant. "It will help to hone in, and help people identify what resources are needed and take care of this population as well as possible."

There is no intent to take jobs away from hospital staff, Julie Shah said. Instead, the research will be used to help nurses make decisions and train new nurses to have the same "ninja" prowess.

"This is an area where long term it's not practical to have machines doing the work," Julie Shah said. "We still need people doing it, the question is how do we support people doing it."

For Julie Shah, the research will also help with what she calls "re-planning," making decisions and adapting to new scenarios without explicit instructions.

Her research focuses on the decisions that machines — largely robots — make autonomously, without having to be explicitly told to complete a task or alter a plan as well as how machines work with humans.

But, if machines have a better understanding of the decisions that humans make, the machines could re-plan and adapt to changing scenarios better.


16.30 | 0 komentar | Read More

Robots to learn from Nurses

On the labor and delivery floor of Beth Israel Deaconess Medical Center, about 20 so-called ninja nurses use their sixth sense to efficiently assign staff and resources to patients to make sure everyone gets the care and attention they need.

Now, a doctor and an Massachusetts Institute of Technology professor are teaming up to use their medical and robotics expertise to improve how machines work with humans, and make hospitals a bit better in the process.

"What we're aiming to do is learn from people who are outstanding at these resource allocation jobs and potentially teach a machine," said Julie Shah, the professor who leads the Interactive Robotics group at the Computer Science and Artificial Intelligence Laboratory at MIT.

Shah and her husband Neel Shah, an obstetrician at Beth Israel, will spend the next two years learning from these "ninja" nurses — officially called resource nurses — to try to understand how they make certain choices to improve decision making in the hospital and in machines.

The Shahs will develop a simulation test for the resource nurses, with the goal of translating instinctive decisions into specific explanations for certain actions. The project is funded by the Harvard Risk Management Foundation.

"If we can learn what these rules are that the best people are using, we'll be able to train people better," Neel Shah said.

The Shahs said they hope to have a training tool that can help other nurses make better decisions within two years, but eventually hospital floors could have intelligent machines to help hospital staff make decisions.

"Any tools we can give clinicians on the front line and control as best we can are really helpful and (can) make care safer," said Carol Keohane of CRICO, which awarded the grant. "It will help to hone in, and help people identify what resources are needed and take care of this population as well as possible."

There is no intent to take jobs away from hospital staff, Julie Shah said. Instead, the research will be used to help nurses make decisions and train new nurses to have the same "ninja" prowess.

"This is an area where long term it's not practical to have machines doing the work," Julie Shah said. "We still need people doing it, the question is how do we support people doing it."

For Julie Shah, the research will also help with what she calls "re-planning," making decisions and adapting to new scenarios without explicit instructions.

Her research focuses on the decisions that machines — largely robots — make autonomously, without having to be explicitly told to complete a task or alter a plan as well as how machines work with humans.

But, if machines have a better understanding of the decisions that humans make, the machines could re-plan and adapt to changing scenarios better.


16.30 | 0 komentar | Read More
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