Author: Serkadis

  • CHART OF THE DAY: Actually, Gold Is On A Tear, And Near All-Time Highs

    Disappointed that gold isn’t regularly busting to new highs like it did last year?

    You’re just looking at it wrong.

    In euros, a currency that’s come under serious pressure, gold is basically at an all-time high.

    In other words, it’s not gold that’s gone up or down, it’s changing attitudes towards underlying currencies that has changed.

    When gold sells off against all the currencies — because investors suddenly have a new found love of paper money — that will be a story.

    chart of the day, euro per ounce

    Get This Delivered To Your Inbox

    You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s a simple. It’s convenient. It’s free. All we need is your email address, country and postal code.  Sign up below!

     

     

     

     


    Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email

    Join the conversation about this story »

    See Also:

  • ZIMBABWE: Constitution in the Limelight

    By Vusumuzi Sifile HARARE, Mar 3 (IPS) A new play, Waiting for Constitution has generated great interest among politicians and civil society groups anxious to get consultations over drafting a new constitution under way.

    The play, which premiered in Harare on Feb. 23, dramatises a family meeting where daughter Constance's impending marriage is to be discussed. But Constance does not appear. She's late: too busy taking part in a thematic committee preparing public consultations over the new constitution.

    The performance uses the divisions in the family over Constance's marriage plans – like disagreements on how much should be charged as bride price, and who should pocket what fraction of the proceeds – to highlight competing positions that have emerged over Zimbabwe's new constitution.

    "The play asks many pertinent questions, and also attempts to answer those questions on how to make the new supreme law a truly people driven one," director Tafadzwa Muzondo told IPS. "People still have questions on some key aspects of the process, and whether the input of ordinary people will be valued."

    "The play looks at such issues as who the people are, what sort of fundamentals and ideals make a democratic constitution, the importance of guaranteeing freedom of expression and the diverse opinions and ideas coming from different sections of society."

    Muzondo, a celebrated actor in Zimbabwe, says while it may not necessarily provide the answers, the play will provide a fresh platform for debating the issues. And the well rounded characters in the production do just that.

    From the stage, Constance's feuding family raises questions over what's wrong with the present constitution, whether a new one is necessary, what led to the rejection of a draft constitution in 2000 and the prospects of achieving a people-driven constitution.

    Douglas Mwonzora, one of the three co-chairs of the Constitution Parliamentary Committee – an inter party committee of members of parliament tasked with spearheading the process – was very optimistic the play would add a new dimension to the process.

    "They (artists) have been of great use in revolutions, wars and other historic national developments. I believe such works of art like this play will play a key role in conscientising our people on the need for participation in this unique national project. It is very encouraging where you see artists bringing out products on the project."

    The writing of a new constitution is among the major tasks of the three parties in the inclusive government, the Zimbabwe African National Union Patriotic Front (ZANU PF) and two formations of the Movement for Democratic Change (MDC). The process has been delayed several times by lack of funding and disputes between the parties.

    While the start of public consultations across the country has been delayed, Crisis in Zimbabwe Coalition (CZC) sees the play as a fresh approach to begin stimulating thought and gathering the input of ordinary people; the coalition is partnering with the production's producers, Rooftop, to take it on a nationwide tour. The play will also be translated into local languages.

    "It is not just about taking a play to the people, it is about taking the discussion about critical issues to the people," said MacDonald Lewanika, director of CZC. "We view theatre as a vehicle that can trigger debate on both the process and the content. What the play tries to do is to highlight the critical issues and processes. We try to do this in a non-prescriptive, non-partisan manner."

    Lewanika said the choice of theatre as a medium of influencing debate on the new constitution was based on the realisation that "our society is not homogenous", hence the need to portray different messages differently. After a two week run of the play at Harare’s Theatre in the Park, the CZC will partner with the producers to get the play on a national tour.

    "As civil society, our work basically is about engaging the people on issues that affect them. We are basically taking the discussion to the people. There are clear contested issues raised in the play around the process," said Lewanika.

    Waiting for Constitution is Chifunyise’s second play centred around current affairs issues. Last year, he wrote another play titled Heal the Wounds, which focused on the government’s national healing process, and the various issues around the project.

    The current play is a candid and refreshing exploration of hot-button issues such as the participation of women in the process, disagreements of various proposed drafts, divisions that have rocked civil society because of the process, the coercion of people at the grassroots by different political parties, the participation of exiled Zimbabweans in the process, the composition of teams driving the process, and the rights of minority sexual groups.

    There is high entertainment when family members discuss issues "stipulated" in the various drafts, and how these will affect their traditional values. And when Babamnini, played by Silvanos Mudzova, walks out of the marriage meeting without any deliberations, it becomes clear to the audience how prudent it is for the process to be concluded quickly to allow people to concentrate on other essentials.

  • Renault Megane Style, edición limitada

    La marca gala Renault acaba de anunciar el lanzamiento de una edición limitada de su Megane. Esta versión especial es denominada como Renault Megane Style y sólo serán fabricadas 500 unidades que estarán disponibles en todo el territorio español.

    Renault Megane Style

    El Renault Megane Style podrá ser adquirido en cualquier concesionario oficial de Renault en España y vendrá asociado a un motor 1.5 dCi de 85 CV. Tendrá un precio apróximado de 13.500€ con las ayudas incluidas del gobierno.

    En lo que confierna al equipamiento, incluirá de serie ABS, ESP, TCS, EBD, múltiples airbags, aire acondiconado, control de velocidad, radio CD MP3, elevalunas eléctricos, cierre centralizado con mando y dirección asistida.

    Related posts:

    1. Renault Mégane RS ya esta a la venta
    2. Renault Mégane CC
    3. Renault Mégane CC, vídeo disponible
  • Sony acquires Media Molecule

    Sony can now hug Sackboy like he’s their own after an unrevealed amount money changed hands, Media Molecule is now wholly-owned by Sony Computer Entertainment.
     
     
     

  • Jose María López confirma su marcha de USF1

    Finalmente ha sido confirmado, el piloto argentino José María López ha afirmado que ha roto su contrato con su actual escudería, USF1. Todos los rumores comienzan ha confirmarse y el próximo paso podría ser el anuncio de su fichaje por parte de Campos Meta.

    Jose María López en su visita a USF1

    Debemos destacar que el piloto cuenta con un respaldo económico del gobierno argentino lo cuál le otorga de un extra que le acercaría a la escudería española. Por otra parte también afirman diversos medios que podría ocupar el asiento de tercer piloto, algo que creo muy poco probable.

    Related posts:

    1. USF1 confirma a Jose María López como su nuevo piloto
    2. Jose María López podría firmar su contrato con USF1 en breve
    3. Jose María López ya ha firmado por USF1
  • Suddenly, Everyone’s Waking Up To China’s HUGE Public-Sector Debt

    beijing china railroad chineseWe covered this in February, but suddenly there’s a surge in interest in China’s public debt situation.

    Wha? Public debt in China? Don’t they have trillions and trillions of foreign exchange reserves?

    Well, yes, but…

    As Northwestern Professor Victor Shih has been arguing, city and state debt is substantial — so, substantial, in fact that a bailout of these regional governments could require a bailout that uses much of the country’s forex.

    Bloomberg:

    China’s hidden borrowing may push government debt to 96 percent of gross domestic product next year, increasing the risk of a financial crisis in the world’s third-biggest economy, Professor Victor Shih said.

    “The worst case is a pretty large-scale financial crisis around 2012,” said Shih, a political economist at Northwestern University in Evanston, Illinois, who spent months researching borrowing transactions by about 8,000 local-government entities. “The slowdown would last at least two years and maybe longer,” the author of the book “Factions and Finance in China” said in a phone interview March 1.

    This story will probably stay way below the radar for a long time. It’ll be when the first local government needs a bail out that people will start paying attention to this time.

    Join the conversation about this story »

    See Also:

  • 2010 Geneva: Lotus Evora 414E Hybrid fully revealed

    After releasing a teaser last week, Lotus today took the wraps off of the new Evora 414E Hybrid Concept at the 2010 Geneva Motor Show. The main goal of the concept is to show high-performance technology mated to a plug-in hybrid drive system and new technologies for enhanced driver involvement.

    The Lotus Evora 414E Hybrid is powered by two electric motors providing 204-hp and 295 lb-ft of torque to each rear-wheel, single speed, reduction transmission integrated into a single housing. That provides for a total of 407-hp and a torque of 590 lb-ft with a 0-62 mph time under 4 seconds. After battery power is depleted, the Lotus Range Extender engine, providing 47-hp, allows for additional miles (overall driving range of 300 miles).

    Lotus hasn’t said when the technology will start making it into its production road-going cars.

    Hit the jump for the high-res image gallery.

    Lotus Evora 414E Hybrid:

    – By: Omar Rana


  • PSN UK Video Store update – Three Musketeers, Taking Woodstock, Bourne Ultimatum

    Just a quick heads up for those in the UK the Video Store has now been updated for the week, bringing yet more movies into the growing archive. Buy it or rent it check the

  • How to Deal with Overtraining

    overtrainingThe thing about overtraining is that it exists on a spectrum, without clear-cut rules or boundaries. As I said last week, sufficient training volume is entirely subjective, and it’s constantly changing depending on an individual trainee’s goals, nutrition, sleep habits, stress levels, and injury status. What worked well for the last three months might prove to be excessive if your diet gets disrupted. A particularly stressful stretch at the office could undo a heretofore-steady strength progression. The human body is resilient, but there are limits – and the limits aren’t always clearly delineated. To divine them, it takes finesse and thoughtful tinkering at the edges. Sometimes you have to fall off the edge to know where it is. It’s more art than science. There are some solid, basically objective ways to deal with it, though, even if you’re not sure what constitutes overtraining for you.

    Outright avoidance is the most prudent policy, of course.

    If you take the necessary steps to prevent overtraining before it happens, you’re good to go. I’ve learned that, when in doubt,  less is often more.

    Don’t try to be an elite hybrid marathoner/powerlifter/metcon superhero.

    Most performance-oriented people will have to choose between running mega miles each week and hitting heavy compound lifts. You can’t do Stronglifts, drink a gallon of milk, and go run a half marathon. I mean, you physically can and I want you to be fit enough to do so, but training that way would be so entirely counterproductive as to be absurd. Your running would suffer, your lifts would be weak and unimpressive, and you’d probably injure yourself. You’d be way overstimulated, cortisol would flow like desiccated gluten through a leaky gut, and you wouldn’t know whether to burn fat or burn sugar. Lift heavy and run the occasional long distance event? That’s fine. It’s what being Primally fit is all about. But it’s the regular training of both that will confuse your body and mess you up in the long run.

    Don’t train specifically to run marathons, for that matter.

    I know I’ve got a fair amount of endurance athletes reading this, and I don’t want to rub them the wrong way, but this is simply my honest opinion. Unless you are among the elite few, running marathons and engaging in high intensity endurance training on a regular basis – Chronic Cardio – is the quickest way to overtrain. It’s what led to my perpetual state of fatigue, inflammation, and system stress back in my endurance days. I’ve made overtures in the past to PBers who refuse to give up endurance work, and last week a good friend gave his take on endurance training the Primal way, but, as a general rule, don’t train for marathons, triathlons, or any other extreme endurance event if you’re worried about overtraining. Yes, I encourage you to be fit enough to be able to run one, but you can achieve a level of proficiency simply by training PB-style. (In fact, I tell people, if you absolutely decide you need to train for and run a marathon, I’ll let you run two. The first is to finish. The second is to better your time from the first one. If, after that, you haven’t broken three hours, it’s clear you are not a marathoner. Find another, “funner” pursuit.)

    Eat enough food.

    Food is fuel. A good meal can be a pleasurable, even transcendent experience, but in the end, it’s simply how we provide the body with the energy it needs to function and the organic building blocks it needs to repair itself. When you’re training, whether with weights or sprints or HIIT, that fuel becomes absolutely vital. You may need even more of it. Thankfully, the body has a natural tendency to feel ravenous hunger after heavy training. It’s a pretty good system – lift heavy things, get hungry, eat, refuel/refill/replenish, repeat – but we can foul things up by forgetting to eat or by actively avoiding food (in a misguided attempt to jumpstart weight loss). Sometimes, overtraining is actually just under eating.

    Eat only Primal foods.

    It’s not just the amount of food you take in that matters. The quality of food matters just as much. You don’t fuel a jet engine with lighter fluid. This stuff is important. Now, I know we’ve all known elite athletes who subsist on Slurpees and fast food, but that doesn’t negate the importance of proper nutrition for the rest of us. If you don’t have the winds of genetic good fortune at your back (as most people definitely do not), fine tuning your caloric quality is a sure fire way to avoid overtraining. Eat plenty of protein and fat to fuel your efforts and repair your body, along with (only) as many added carbs as you need to replenish glycogen. In addition to providing proper fueling, eating only animals, plants, fruits, and nuts, while avoiding grains, sugars, legumes, and industrial vegetable oils will reduce or negate systemic inflammation; eating an inflammatory diet increases the inflammatory load on a system already “burdened” with intense training. Bad idea all around.

    Avoid chronic inflammation.

    It may be that overtraining is just another form of inflammation. We already know that small servings of stress and inflammation are normal (exercise provides the right amount of stress and inflammation required for muscle repair, recovery, and ultimately progression), and that a health body is adequately equipped to deal with exercise induced stress and inflammation. Problems arise when chronic inflammation disrupts the body’s regular stress response. As Matt Metzgar points out, chronic inflammation can block the body’s anabolic hormones. Without sufficient anabolic hormones, the body cannot recover from exercise, which is the main thing we are trying to do here (recover, that is). In a state of chronic inflammation, then, almost any attempt to exercise results in classic overtraining symptoms.

    Avoid too much stress (but not all of it).

    As I said earlier, stress is good to a point. For one, it enables the repair process. Exercise is a form of stress on the body; our muscles exert themselves, which is a type of stress, and the body responds by repairing the “damaged” muscle. If all goes well (that is, if it wasn’t too much stress and you allowed enough recovery time), the repaired muscle will be stronger than before. Stress can also heighten our senses and even increase our physical performance in the short term. A bit of simulated, perceived danger pre-workout (visualize facing down a big wild cat before a sprint, or lifting the backside of a Volkswagen off your friend before deadlifting) can actually kick start a small stress response that increases physical strength, reaction time, and focus. It’s interesting, vital stuff, stress, but chronic levels are unmanageable and actually reduce our physical performance and ability to recover from training.

    Get plenty of sleep.

    Sleep is precious, but we generally don’t get enough of it. Anabolic hormones important for muscle repair and recovery, especially growth hormone, are released during sleep – poor sleep curtails that, cuts it short. Lack of sleep increases cortisol production, an excess of which increases body fat and eats lean mass. Immunity suffers, and when you don’t sleep, systemic inflammation increases. Sound familiar? These are all hallmarks of the overtrained individual.

    I’m beginning to think of overtraining as a set of symptoms – as a general descriptor of chronic overexertion, rather than a clinical affliction with a defined cure. And these symptoms are all interconnected and essentially inseparable from each other. They either pop up in pairs, or in an incestuous orgy of systemic inflammation, poor sleep, bad diet, chronic stress, and excess exercise. But they always show up together. It’s one big chicken-or-the-egg conundrum, which makes it difficult to figure out. What’s causing what? Does it really matter? I think we know what to do – inflammation seems to be key (as it often is in general health), and avoiding the things that cause chronic inflammation generally seems to take care of many of the symptoms of overtraining. So does avoiding overtraining mean avoiding all the risk factors of inflammation, too? I think so. You can’t really separate them. Letting even a single one slip can snowball and reduce the effectiveness of your training.

    It’s a challenge. I’ll admit it. Most people who embrace the idea of exercise want to believe that more is better. It’s tough to simply read the aforementioned list of things to avoid and check them off, especially when performance goals have been set. Plus, we’ve all got work to attend, financial issues to hash out, sleep to get, food to prepare, and workouts to follow, all while keeping stress and inflammation low to avoid overtraining – and we only have 24 hours a day to do it. Is overtraining inevitable?

    You certainly can’t avoid it forever. I’m not even sure you’d really want to, if only for the reality check. Reality checks are useful; it’s how we learn. They let you know what to watch out for in the future. You can’t know where the edge is unless you go over it once in a while.

    So what should you do once you’re exhibiting the signs of overtraining?

    Take a week off.

    You’re not going to waste away. You’re not going to gain ten pounds of belly fat. You’re not going to forget how to squat or how to run. It’s just a week. Purge all guilt from your system (seriously, it’s okay) and understand that continuing to train through a classic case of overtraining will only set you back even further. Your body is trying to tell you something, and I’d advise that you listen up. Enjoy your week, eat good Primal foods, take a lot of walks, or even a hike, and focus on learning from your mistakes and retooling for the next seven days. I sometimes take a few days off conveniently when I travel as a “prophylactic” measure to avoid overtraining.

    Learn from your mistakes.

    The best way to respond to an episode of overtraining is to understand exactly what you did to prompt it. That way, you can avoid them in the future. This seems like common sense, and most people who overtrain make an attempt to understand what went wrong. Where we fall short is in our dedication to our particular brand of training, a commitment than can border on religious fervor (if you think nutrition discussions can get heated, just check the comments section on any controversial fitness blog). If you’re overtrained, something about your regimen isn’t working out. You know it, your body knows it, your muscles know it – all that stands in the way is your ego. Brusquely rebuff that cocky bastard and look deep and hard at your schedule, because something is wrong. Were you going too heavy, too fast? Are you forgetting to warm up? Maybe think about dropping the sprints down to once a week instead of twice? Do you think you should de-load the weight and work back up? Maybe a 3 on, 1 off schedule is a bit too much for you to handle? Perhaps a half-marathon is a more realistic training goal for you? The same goes for nutrition, or any of the other risk factors for overtraining; take a long, objective look at your diet, your sleep, and your stress, identify any potential loose ends (Dairy? Late nights? Sprouted grains?), then tie them off.

    Reset. Redesign. Retool.

    When you do come back, back off a bit. Change things up. Don’t resume your previous training volume – you know, the volume that got you in this mess in the first place? Instead, tinker. Play with different training schemes. If you were supersetting on your strength training days, try rest-pause singles. If you were going high-rep, low-weight, try low-rep, high weight. Incorporate weekly sprints instead of nightly jogs. I wouldn’t necessarily lower intensity, because intensity is rarely as much an issue as volume. As I always say, make your short, intense workouts even shorter and more intense, and your long, easy workouts even longer and easier. You might have to lower the weights used. Or add another rest day to your HIIT schedule. Whatever you do, do not go back to doing everything the same. An alcoholic doesn’t take a few months off and go right back to the bottle (well, he might, but he wouldn’t be dealing with the real problem).

    Overtraining is a bitter reality for most people who train with any sort of intensity or drive. If you’re pushing yourself, you stand to reap immense rewards (that’s why we do it, eh?), but you can fall just as hard. Luckily, eating a Primal diet and following the Primal prescription of low stress, low inflammation, adequate sleep, and proper amounts of exercise will both cushion the impact of your fall and trampoline you back into action.

    Notice any glaring omissions in the avoidance tip section? Is there more to recovery than rest, learning, and ego-busting? Let me know in the comments if I’ve missed anything.

    Get Free Health Tips, Recipes and Workouts Delivered to Your Inbox

    Related posts:

    1. 8 Signs You Are Overtraining
    2. Dear Mark: Primal Compromises for Athletes
    3. Some Very Intense News

  • Oil Is On Fire, Breaks $80/Barrel

    Check out the chart below: clearly some heavy volume around 11:50 AM helped drive the price of crude oil futures up over the $80 a barrel mark. Right now the price is hovering between $80.30 and $80.40 a barrel.

    crude oil march 2nd

    Join the conversation about this story »

    See Also:

  • Intuit: A Small Business Rebound Created 40,000 Jobs In February

    Intuit’s new small business employment index shows that American small businesses have actually been creating jobs lately. Given that small businesses hire when they see increased opportunities and economic prospects, this hiring growth is a sign of economic advance for the U.S. economy.

    Intuit:

    Although overall employment has declined since December 2007, the most recent monthly change in the Intuit Small Business Employment Index is positive. While this month-over-month change is small, up 0.2 percent on a seasonally adjusted basis, it continues an upward trend that began around the middle of 2009. Employment grew nearly 0.8 percent over the past eight months, which is 1.1 percent at an annual rate. This translates into nearly 40,000 new jobs for February 2010 and nearly 150,000 new jobs since June 2009.

    Chart

    This is tiny so far, but at the very least points to stabilization in the U.S. small business space.

    (Tip via MWellman)

    Join the conversation about this story »

    See Also:

  • Watch: MLB 10 The Show launch trailer

    SCEA might not have a million-dollar contest for their baseball sim, but that’s not gonna stop baseball fans from getting a crack at the game. Also launching today is MLB 10 The Show, taking on the competition

  • “World News with Diane Sawyer” Grows Total Viewing and Demo Audience Week-to-Week

    Narrows Weekly Total Viewing and Demo Gaps with NBC

     

    For the week of February 22nd, “ABC World News with Diane Sawyer” averaged 8.13 million Total Viewers and a 1.9/7 among Adults 25-54 according to Nielsen Media Research.

     

    During the second week of the Winter Olympics, “World News” was the only program to display growth among both Total Viewers (+110,000) and Adults 25-54 (+110,000) compared to the first week of the games.

     

    “World News” closed the weekly demo and Total Viewing gaps with “NBC Nightly News” by 15% and 3% respectively. In addition, “World News” increased its weekly advantage over “CBS Evening News” among Adults 25-54 by 50% (+120,000).

     


    In Diane Sawyer’s first ten weeks as anchor, “World News” has averaged 8,600,000 Total Viewers and 2,490,000 Adults 25-54.  That is up 4% (+330,000) above World News’ season-to-date average among Total Viewers and up 5% (+120,000) in the demo.

     

    Last Week "World News" featured coverage of the Toyota Congressional hearings with reporting from ABC Chief Investigative Correspondent Brian Ross. “World News” also covered the President’s Health Care Summit and featured highlights from the 2010 Olympic Winter Games with David Muir reporting from Vancouver.

     

    Jon Banner is the executive producer of “ABC World News with Diane Sawyer.”

     

    EVENING NEWS (Week of February 22, 2010)

     

     

    Total Viewers 

    Adults 25-54   

    Households

     

     

     

     

    ABC

     8,130,000      

    1.9/7;  2,380,000

    5.5/10

    NBC

    11,120,000

    2.7/10; 3,380,000

    7.2/13

    CBS

     6,470,000

    1.6/6;  2,020,000

    4.3/8

     

    Source: The Nielsen Company,  NTI (Total Viewers and Adults 25-54 Live + SD weeks of 2/22/10 & 2/15/10) & Live+7 (where available) & Live+SD for STD (9/21/09-2/28/10) & Diane’s first 10 weeks (12/21/09-2/28/10)

  • Topeka (Sorta) Changes Its Name To Google, In Blatant Suck Up For Fiber

    With Google’s announcement that it plans to roll out super fast fiber to the home services in a few small locations, there are plenty of cities and towns hoping to be among the lucky few. But who knew it was a contest? Apparently the folks in Topeka, Kansas think that sucking up to the big G is the path to fiber optic nirvana. They’ve proclaimed that, for the month of March, Topeka shall be referred to as Google, Kansas. It’s not a legal name change — which (not surprisingly) would be a lot more complex, and likely wouldn’t pass — but just a proclamation that the city should be called Google for the month.

    Of course, cities renaming themselves after tech companies isn’t all that new. Over a decade ago, some town in Oregon renamed itself Half.com in a PR stunt by the startup (which was later bought by eBay). And, a few years ago, a small town in Texas renamed itself Dish, Texas after EchoStar’s Dish Network, in exchange for every house in the town getting a free DVR and free satellite TV for 10 years. But this is the first time I’ve heard of a city pre-emptively (sorta) renaming itself to curry favor with a company.

    But, if it works… I’m more than willing to rename my house Chez Google, if it means 1 gigabit per second fiber. Hell, I’m pretty sure I could convince all of the neighbors on my street to rename our street Google Ave. Just let us know…

    Permalink | Comments | Email This Story





  • It Worked! Domino’s Pizza Surges Thanks To Brilliant New Marketing And Recipe (DPZ)

    dominos pizza 1

    Shares of Domino’s Pizza (DPZ) are up 3.4% today to $13.16 a share. Why?

    Domino’s has its new pizza recipe to thank for that. The new taste has people buying more pizza from dominos and as a result, sales are up. Domino’s saw Q4 EPS of 30 cents vs the consensus of 25 cents. Here’s a few key facts:

    • Q4 EPS 30 cents vs consensus of 25 cents.
    • Q4 US same-store sales up 1.4%, international sales up 3.9%
    • Sees long-term U.S. same-store sales of 1-3%.

    The press release, below:

    ANN ARBOR, Mich., March 2, 2010 /PRNewswire via COMTEX/ — Domino’s Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, today announced results for the fourth quarter and fiscal 2009, each ended January 3, 2010. During the fourth quarter, the Company’s domestic same store sales grew 1.4% as a result of increased store traffic. International same store sales grew 3.9% in the fourth quarter, marking the 64th consecutive quarter of same store sales growth for this division. Fourth quarter diluted EPS as reported was 41 cents, and was $1.38 for fiscal 2009. On an as adjusted basis, diluted EPS was 30 cents for the fourth quarter, a 58% increase over the fourth quarter of 2008, and was 87 cents for fiscal 2009, a 16% increase over fiscal 2008. During fiscal 2009, the Company repurchased approximately $189 million in principal amount of its fixed rate notes, and has repurchased approximately $239 million in principal amount over the past 14 months. Late in the fourth quarter of 2009, the Company successfully introduced a new core pizza product, continuing to build momentum for 2010.

    David A. Brandon, Domino’s Chairman and Chief Executive Officer, said: “The bold steps we have been taking to re-ignite our domestic system helped us gain significant traction last year. We succeeded in our primary goal of growing traffic all four quarters of 2009. Traffic growth was the most significant in the fourth quarter; and this positive momentum has continued thus far in 2010, as sales and traffic have increased significantly since the launch of our new core pizza.”

    Brandon added, “Our international business achieved yet another strong positive quarter. This division has now posted positive quarterly same store sales for 16 consecutive years. The international business is now nearly half of our global retail sales and will continue to be a powerful growth engine for our business going forward.”

    Join the conversation about this story »

    See Also:

  • Condé Nast Confirms At Least 5 Magazine Titles iPad Bound

    When Apple does eventually get around to shipping the iPad, which may not be as soon as many of us had hoped, we’ll at least have some good quality, familiar content to enjoy on the platform according to an internal announcement by Condé Nast as reported by the New York Times. Five well known magazine titles will be making the jump to the iPad shortly after it begins to appear on store shelves.

    The titles in question are Wired, GQ (for which an iPhone app already exists), Vanity Fair, The New Yorker and Glamour. Video has already been making the rounds about what an iPad (and other tablet) based version of Wired will look like and how it will function. We’ll probably see something very similar from the others, although it will be interesting to see if each takes a different approach to the new medium.

    The schedule for release of the above-mentioned titles is staggered, with the tablet version of GQ due in April to coincide with the iPad’s launch (if indeed Apple makes that date). Vanity Fair and Wired are said to then be following with a June release, and The New Yorker and Glamour are bringing up the rear with a much more vague summer timeframe for deployment. All of the magazines will reportedly be sold through iTunes, though Wired is planned as a multi-platform release, and Condé Nast is also involved in the multi-publisher project that aims to be “Hulu for magazines.”

    When Apple introduced the iPad, it spent a lot of time talking about the iBookstore, and about its arrangement with book publishers to bring novels and non-fiction content to the platform. What it didn’t really mention at all was how periodicals would fit into this new device’s repertoire. As someone who takes full advantage of the Kindle’s magazine and newspaper subscription options, the absence of any such mention made me a little nervous.

    The marquee value associated with these top Nast titles makes me feel a little bit better about the iPad’s future as a magazine reader. Sure, reading The New Yorker on my Kindle is fine, since its almost entirely about the text and not so much about images, but the potential the iPad holds for titles like National Geographic actually has my mouth watering. Especially as the platform matures and publishers move away from static content and towards innovative formats that take better advantage of the iPad’s special abilities.

    The evolution of magazines into digital media won’t only affect users of the iPad, though. It’ll also help determine the winner in the brewing war between Adobe and Apple regarding Flash. Apple seems immovably set against using the tech on any of its iPhone OS-based devices, but Condé Nast and other publishers aren’t yet ready to completely cut off that avenue to consumer dollars. All Things Digital reports that they’ll explore both options until the picture of which is more viable becomes clear:

    [I]n a conversation I had with Chuck Townsend last week, Condé’s CEO was more blunt: He can’t fully embrace the Wired version, which was created with Adobe’s (ADBE) help and uses Adobe’s Flash platform, unless Apple (AAPL) embraces Flash.
    Condé will have “two parallel development tracks going until the relationship between Apple and Adobe is clear,” he told me Friday.

    Until some kind of resolution is achieved, consumers will be the ones to suffer. The Wired iPad app will look much like the one we’ve seen in the video, with lots of rich content, but the other magazine titles being prepared will likely just be static versions of the originals until Condé sees the value in investing in Apple’s platform over Adobe’s. Personally, I think Jobs is right to deny Flash access, especially given the exciting new abilities HTML5 is giving to web content, so I’m willing to wait a while to see Flash fail. Does a magazine impasse affect your feelings on the subject either way?

    Related GigaOM Pro Research:
    How AT&T Will Deal with iPad Data Traffic
    With The iPad, Apple Takes Google To the Mat
    Web Tablet Survey: Apple’s iPad Hits Right Notes

  • Hillcrest settles score vs. Richwoods, ousts defending 3A state champs

    All year long, the Richwoods girls basketball team battled tough opponents. But Monday night in the Class 3A Streator Supersectional, the Knights found one they couldn’t break.

    Country Club Hills Hillcrest fulfilled its mission to reach the Final Four, with a 55-47 victory over the defending 3A state champions.

    Richwoods (24-11) had ended Hillcrest’s season at this point a year ago, and the Hawks had said they were on a mission to beat the Knights.

    “I’m just very proud that they got back to the Elite Eight,’’ Richwoods coach Todd Hursey said about his players. “Very proud of the kids to get to this level.’’

    Richwoods fell behind 6-0 but rallied on the strength of a jumper by Elise Tamplin and 3-pointer from Maggie Cunningham. The score was tied at 11 at the end of eight minutes.

    The second quarter belonged to Richwoods. Cunningham opened with a 3, and Mariah Smith (game-high 13 points) added a layup as Richwoods led by five and was ahead 27-24 at the break. In the period, Cunningham scored seven of her 10.

    But the Hawks (27-3) came out flying in the third quarter. Hillcrest went on a 10-point run to start the period, and Richwoods was scrambling.

    “We came out flat (in) the third quarter,’’ Hursey said. “I was proud of them. We had three starters on the bench with fouls, but we took care of business in the second quarter and we went in with that lead and I told them at halftime, ‘You’ve got to believe.’

    “I don’t know how much they really believed they could do, though, and they went out forced some shots and threw the ball away and (Hillcrest) went back on their run again.’’

    The Knights still had some fight left, however.

    After getting down 39-29, Richwoods went on a 10-point run of its own through the end of the third quarter and into the start of the fourth. Katie Murphy scored six of her 12 in that stretch and had 10 points in the second half.

    “Boy, Katie made some nice post moves down low,’’ Hursey said.

    By the end of that run, the score was tied at 39 with 6:40 to play. But Jacquenae Foster ended the streak with a 3, Samirah Ali hit two free throws, Yolanda De La Torre added a putback and Hillcrest had a lead it never relinquished.

    “At halftime … it was 27-24, and it was just the opposite last year — we were up 24-21,’’ Hillcrest coach John Maniatis said. “I told our kids, ‘We have 16 minutes. It’s about choices. What choice to we want to make out there that’s going to get us to where we want to be?’

    “And the kids played lights out that first three minutes (of the second half) and that changed the whole complexion of the ballgame. And you know something? They wanted to fulfill that date with destiny.’’

    Uniquah Hampton led Hillcrest in scoring, with 13 points. Shannise Heady scored nine.

    “We knew going in that 60 points would win this ballgame,’’ said Maniatis. “We didn’t get there, but we came pretty close. I thought our kids did a tremendous job on the Murphy girl, who destroyed us inside last year.’’

    The game was the last in a Richwoods uniform for Murphy, a player Hursey said he almost considers a daughter.

    “I really wish Katie was a junior,’’ Hursey said.

    “I’m very happy and pleased with the year that we had but very disappointed that it’s over. We’re not ready to put the basketballs away. This team was not ready for it to end.’’

    Jane Miller can be reached at 686-3207 or [email protected].

    Read the original article from Journal Star.

    Distributed via Chicago Press Release Services


  • Rehab planned for old Orland cop station

    Work on Orland Park’s former police station is expected to begin this month, after the village board on Monday night approved a $310,123 contract with Construction Solutions of Illinois for exterior work.

    The Alsip-based company was the lowest of 10 bidders for the project to rehab the exterior of the 28-year-old building.

    “The work will be done by the end of summer,” assistant village manager Ellen Baer said.

    The contractor will install a new roof and do tuckpointing and repairs to a wall. The next lowest bidder was FBG Corp., at $347,000. The village had budgeted $518,093 for the project.

    Village officials hope to eventually house offices for the village and its recreation department at the building, 14600 Ravinia Ave., along with the not-for-profit Recording for the Blind and Dyslexic, which is now at 143rd Street and LaGrange Road.

    But it will be next year before the village can start rehabbing the interior of the building, Baer said.

    In the meantime, the village hopes to soon strike a deal with Recording for the Blind so the organization can begin renovating part of the building for its new recording studio. Baer said she has sent a proposed lease agreement to the non-profit for review.

    Read the original article from SouthTown Star.

    Distributed via Chicago Press Release Services


  • Flossmoor faces service, staff cuts by 2012

    Flossmoor may need to look at cutting back on services and staff in the next few years to address budget shortages due to pension obligations and shrinking revenue.

    “We won’t need to do so with the 2011 budget, but after that it’s anyone’s guess depending on what happens on the revenue side and what happens in Springfield,” Mayor Paul Braun said after Monday night’s village board meeting, where the village’s preliminary budget for the 2010-11 fiscal year was discussed.

    Braun said he was referring to the Legislature dealing with the hot-button issue of pension reform.

    “Pensions account for about 20 percent of our (property) tax levy right now,” the mayor said after the meeting.

    He’s also concerned about legislators possibly doing away with the 1 percentage point of the sales tax that now goes to municipalities.

    “That would be a big hit on our revenue,” Braun said.

    For now, Flossmoor is deferring nearly all capital projects for fiscal year 2010-11, which starts May 1.

    Village manager Bridget Wachtel said engineering for a downtown streetlights project and planning for a downtown streetscape improvement program are on hold to save about $60,000.

    “All that’s in the fiscal year 2011 budget’s hopper is leftover projects from fiscal year 2010,” Wachtel said.

    Read the original article from SouthTown Star.

    Distributed via Chicago Press Release Services


  • Roger Ebert speaks for the first time

    CHICAGO (WBBM/AP) — For the first time in four years, Chicago film critic Roger Ebert spoke publicly today.

    WBBM’s Regine Schlesinger reports that on today’s Oprah show, the renowned writer unveiled his new computer-synthesized voice which resembles his own.

    Since cancer surgery in 2006, Ebert’s been unable to speak, eat or drink. He now communicates by typing his words into a computer and a synthesized voice then speaks them.

    Now, he’s working with a company in Scotland that sifted through hours and hours of his voice recordings to come up with a voice that sounds like his. He unveiled it on Oprah.

    Ebert’s wife Chaz, cried as she heard his voice again for the first time in four years. Ebert says when he was in first grade, he was told that he talks too much. Now, he says, he can again.

    Ebert also made his Oscar predictions.

    Ebert’s Oscar picks include Sandra Bullock for best actress, Jeff Bridges for best actor, “The Hurt Locker” for best movie and its director Kathryn Bigelow for best director.

    Ebert says he can’t remember a year when it seemed easier to predict the Oscars but admits “those may be famous last words.’

    Regine Schlesinger Reporting

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services