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    News Media’s Critical Role

    Tuesday, June 18th, 2013







    Connect With Us on Twitter

    For Op-Ed, follow @nytopinion and to hear from the editorial page
    editor, Andrew Rosenthal, follow @andyrNYT.

    To the Editor:

    In “Who Needs Reporters?” (column, June 2), Frank Bruni explains how politicians can bypass conventional news media in communicating with the public through one-sided Web videos. This tactic has been in use long before the advent of the Web by public relations practitioners who send video news releases to multiple broadcast outlets — often reflecting only their clients’ views and perspectives.

    In both cases, the established and respected news media are critical in getting the message out and interpreting it for even larger audiences. Reports of the death of the mainstream news media have been greatly exaggerated.

    PENDER M. McCARTER
    Washington, June 2, 2013

    The writer is a retired public relations executive.

    Co-op Bank names new chairman as group gets new finance director

    Monday, June 17th, 2013

    The Co-operative Group has bolstered its board with the appointment of a new finance director. It has also signalled its determination to remain in the financial services business by naming a new chairman for its loss-making banking arm.

    As talks with regulators continue about finding a solution to plug a capital shortfall in its bank of as much as £1.8bn, the Co-op named Richard Pym as its chairman. Pym, who runs a bailed-out banking division for the government, said his new appointment would ensure the Co-op would continue to provide customers with an alternative choice to the traditional banks.

    The finance director of the supermarket chain Morrisons, Richard Pennycook, is also joining as interim finance director of the Co-op group, which spans pharmacists, supermarkets and funeral homes.

    Pennycook, is credited with creating a four-year turnaround plan for the supermarket chain after its troubled takeover of Safeway. His recruitment could signal a wave of cost-cutting measures across the Co-op group.

    They are a latest in sweeping management changes at the 165-year-old mutual which only last month installed Euan Sutherland, from Bamp;Q, as chief executive, replacing life-long Co-op employee Peter Marks.

    Sutherland said the bank was now in very good hands after the recruitment of Pym alongside the new boss of the bank, Niall Booker, the former HSBC banker appointed last week. Booker spent his career at HSBC before quitting in 2011 when he was running the US arm which was this week accused by New York of ignoring a law designed to help homeowners struggling with loans during a period when he was charge.

    Co-op, plunged into uncertainty after a potentially devastating six notch downgrade to junk status, has stopped lending to small businesses to preserve capital. Pym has so far refused to disclose if the bank intended to resume this activity once the capital situation was rectified.

    He told the Guardian he intended to take pay cut at UKAR, which runs the bailed-out parts of Bradford amp; Bingley and Northern Rock, where he will remain as chairman as he will be freeing up time to devote to the Co-op. Pym has also quit as a non-executive director of the commercial property investment firm British Land as he takes on a role at the Co-op. His new job might be regarded as a full-time position given the scale of the issues facing a bank that analysts at Barclays have estimated could have a capital shortfall of as much as £1.8bn.

    Even before taking up the Co-op chairmanship, Pym had announced he would take a 5% cut to his £237,500 fee from UKAR, which exists to run down the loans granted by Bamp;B and Northern Rock.

    Pym, whose appointment is subject to formal regulatory approval, said: We are clearly focused on actions to strengthen the banks balance sheet and resolving the current underlying issues.

    This will allow us to continue to provide customers with an alternative choice to the traditional banks.

    He added that the groups ethical stance towards banking would remain a key marketing element.

    By juggling two chairmanships in the financial services industry, Pym acknowledged that potential conflicts of interest would need to be managed. I have may to excuse myself [from some discussions], said Pym. The two banks are completely different. UKAR is not looking for new customers.

    Photos: Campaign finance protest

    Monday, June 17th, 2013

    People dressed in $100 bill costumes and face masks marched outside the Capitol on Wednesday in Albany. Protestors were calling on the legislature to pass a comprehensive reform bill with public financing of elections.

    Ron Maxwell’s ‘Copperhead’ to Get US Theatrical Release Via Brainstorm Media

    Monday, June 17th, 2013

    He was showing the Billy Campbell, Angus Macfadyen, and Peter Fonda-starring war drama at the GI Film Festival in Arlington, Va., near to battlefields whose names figure prominently in American history.

    STORY:Peter Fonda Joins Copperhead Movie Shoot in New Brunswick

    A lot were veterans, and some wounded veterans. These are people who in the last 10 years have been to war zones, Maxwell told The Hollywood Reporter about the returning and recovering service members.

    The third in the directors Civil War trilogy after Gettysburg and Gods and Generals, Copperhead is a drama about families on the home front split by the bloodshed of the American Civil War in 1862 Upstate New York.

    The indie is based on the 19th century novel of the same name by Harold Frederic, adapted by Bill Kaufman.

    Copperhead examines the price of dissent amid the hysteria of war, and takes its name from a derisive term used during the Civil War to insult Northerners who opposed the historical conflict.

    And, judging by the festival response in Arlington, Maxwell insists Copperhead plays well before actual soldiers.

    That audience gave us a standing ovation. The film is about the copperhead, because they believe war is not the answer. Hes anti-slavery, hes for the Union. He doesnt think war is the solution, the director said.

    After a cast and crew screening Thursday night in Fredericton, New Brunswick, Maxwell is readying Copperhead for a US release via The Film Collective and Brainstorm Media, starting in select US theaters from June 28.

    STORY: Jason Patric Exits Copperhead Film Shoot Over Creative Differences

    Brainstorm, the Los Angeles sales agent and distributor, will roll the film out on VOD, as The Film Collective handles theatrical.

    Maxwell, who as a director is used to controlling a film set with hundreds of extras and Civil War re-enactors as they recreate complex battle scenes, will be hands-on with the distribution of Copperhead.

    This is not the kind of movie that you dump on 5,000 screens. It requires considerable handling and targeting of your primary audience, the director explained.

    And that targeted audience mostly will be found in Civil War country, east of the Mississippi.

    Brainstorm and The Film Collective are also releasing Copperhead at the height of the summer tourist season, so families can visit and walk over battleground and historical sites by day, before seeing the film in a local cinema that evening.

    People who love American history, who love the Civil War, these are fans of my movies. This is our core audience, Maxwell said.

    The director is also betting filmgoers will see in his latest Civil War epic present-day parallels.

    How can they not think of their neighbors coming back with postbattle syndrome, wounded or not coming back at all? Those audiences will make their own connections, Maxwell said.

    Copperheadis banking on stand-out performances, including from Campbell, playing the patriarch,Abner Beech, a stubborn and righteous farmer who defies his neighbors and his government, while Macfadyen performs the role of Jee Hagadorn, a rival capable of deadly violence for his ideals. Also cast was Fonda, as Abners neighbor Avery.

    Rounding out the cast areCasey Brown, Josh Cruddas, Lucy Boynton, Augustus Prew, Francois Arnaud, Genevieve Steele, Andrea Lee Norwood, Mary Fay Coady and Hugh Thompson.

    Equity Bank Names John Staley Finance Officer Amid Restructuring

    Sunday, June 16th, 2013

    Equity Bank Ltd., Kenya’s biggest
    lender, has restructured its operations and promoted John Staley
    to chief officer in charge of finance, innovation and
    technology, the Nairobi-based company said in a statement.

    Staley, who is currently the director of mobile banking and
    payment innovations, will replace chief finance officer Samson Oduor, who left the bank in March.

    Equity’s board of directors also promoted Joseph Iha to
    Managing Director of its unit in Tanzania.

    Staley, who becomes the fifth head of finance at Equity
    since 2010, will be supported by finance executives Fredrick
    Omondi and Sammy Kamanthi Ndetiu.

    “The appointment of John Staley to finance is good for the
    bank as he knows its operations, having joined the bank in
    2003,” said Francis Mwangi, head of research at Nairobi-based
    Standard Investment Bank Ltd. in a telephone interview.

    Shares in Equity Bank stock fell 1.4 percent to 34.75
    shillings by the 3 pm close in Nairobi, the lowest level since
    May 20, according to data compiled by Bloomberg.

    Standard Investment Bank has kept its hold recommendation
    on Equity as it predicts earnings per share to grow by 20
    percent with the price target estimated at 39.29 shillings, it
    said in an e-mailed valuation note yesterday.

    Equity Bank posted a 22 percent jump in first-quarter
    profit to 3.21 billion shillings ($37.7 million). The bank
    operates in Kenya, Uganda, Tanzania, Rwanda and South Sudan.

    To contact the reporter on this story:
    Johnstone Ole Turana in Nairobi at
    jturana@bloomberg.net

    To contact the editor responsible for this story:
    Antony Sguazzin at
    asguazzin@bloomberg.net

    Three Fine Art Photographers Pushing the Medium at Gallery 14

    Sunday, June 16th, 2013

    INTO THE GARDEN: Hopewell’s fine art photography gallery features works by Martha Weintraub, whose “Conservatory,” shown here, is one of several garden images on view. Ms. Weintraub creates hand-colored gel transfers from her photographs to yield whimsical and often surrealistic landscapes.
    (Image Courtesy of Gallery 14)

    Judge might reopen school finance case

    Sunday, June 16th, 2013

    AUSTIN – A judge who previously ruled Texas public school finance system unconstitutional may reopen the case to consider the impact of subsequent legislative action, including an infusion of money and a cutback in some requirements.

    State District Judge John Dietz on Wednesday indicated hes willing to have a hearing if theres substantial agreement to do so among the parties, after a lawyer for higher-wealth school districts asked him to reopen it and a state lawyer said a hearing would be in order.

    Property-poor school districts werent as quick to jump on the bandwagon for a new hearing, noting that while lawmakers have acted, Gov. Rick Perry will decide how much of their work actually becomes law.

    Statewide property tax

    Perry has until June 16 to sign or veto bills, or to allow them to become law without his signature. Dietz set a June 19 court date for the parties to submit a proposed motion, detail what the hearing would entail and prepare a spreadsheet of their disagreements.

    There have been rumors that Perry may veto some of the extra money allocated for schools to help restore some of the funding cut two years ago in the face of an erroneous forecast of a massive revenue shortfall.

    Dietz earlier this year said the state school finance system is unconstitutional. He called it inequitable and inadequate and said that it has led to what is in essence a statewide property tax, since so many districts must tax locally at or near the maximum rate. School funding relies on local school property tax revenue, state money and federal funds.

    Dietzs final ruling is expected to be appealed to the Texas Supreme Court.

    Mark Trachtenberg, a lawyer for property-wealth school districts, said Wednesday he would like the case reopened to ensure the Supreme Court has an up-to-date record.

    Adequacy problem

    Trachtenberg said while the Legislatures action was a step in the right direction, he still expects the districts to prevail, citing his groups adequacy and tax claims.

    Districts in my coalition got very little new money. We dont think the adequacy problem has been solved. We dont think the state property tax problem has been solved, he said.

    Assistant Attorney General Shelly Dahlberg, representing the state, maintained that the system was and remains constitutional. She said since the Legislature made significant changes, there should be a limited evidentiary hearing to gauge their effect.

    David G. Hinojosa, southwest regional counsel for the Mexican American Legislative Caucus representing several property-poor districts, said he didnt yet know if hed oppose reopening the case. But he called it incredible that wealthy school districts should urge that action after winning.

    He contended they dont like the findings on equity, which would benefit poor districts.

    Withholding judgment

    Lawyer David Thompson, representing a group of districts including Houston ISD, said he wants to withhold judgment on whether the record should be reopened until after Perrys veto deadline.?

    We know the Legislature passed quite a bit, said Thompson, whose group includes property-rich and property-poor school districts. We dont know whats actually going to become law as we sit here today.

    UK Finance Employees Say Colleagues Are Overpaid, Survey Finds

    Sunday, June 16th, 2013

    Most UK financial-services
    employees say some within their companies are paid too much amid
    negative public sentiment toward the industry, according to a
    survey by the Chartered Institute of Personnel amp; Development.

    Three-quarters of those surveyed said some colleagues are
    paid “excessively,” the CIPD said in a report called “Focus
    on Rebuilding Trust in the City,” published on its website. The
    study found 79 percent of those below senior management are most
    likely to say some workers are overpaid.

    “Half of respondents working in banking and financial
    services say that the negative public perception of the banking
    sector is a fair reflection of what has gone on in recent
    years,” said the London-based CIPD, which represents human-resources executives. Senior managers are “less likely” than
    more junior colleagues to say the negative public perception
    toward financial services is fair, it said.

    The UK capital’s position as a financial center has been
    under scrutiny following a series of market abuses such as the
    interest-rate rigging scandal at banks including Barclays Plc (BARC),
    where Chief Executive Officer Robert Diamond resigned last year.
    Firms have also been under pressure from regulators and the
    government to cut compensation amid public anger over the
    bailouts of Britain’s Royal Bank of Scotland Group Plc and
    Lloyds Banking Group Plc. (LLOY)

    The average bonus per employee in the financial-services
    industry fell 11 percent to 12,000 pounds ($18,500) in the year
    through March 2012, the Office for National Statistics said in
    September. That compares with the average 1,400-pound bonus paid
    to employees across the entire economy.

    “These findings suggest that while some senior leaders in
    parts of the banking sector are having at least partial success
    in changing culture to become more customer focused, some parts
    of the industry are largely operating as before,” the CIPD
    said.

    The survey of 1,026 UK employees included those in
    investment banking, insurance, broking and banking in April.

    To contact the reporter on this story:
    Ambereen Choudhury in London at
    achoudhury@bloomberg.net

    To contact the editor responsible for this story:
    Edward Evans at
    eevans3@bloomberg.net

    Twitter Is Becoming A Hub For Social Media Cross-Posts

    Saturday, June 15th, 2013

    Social Media Insightsis a daily newsletter fromBusiness Insiderthat collects and delivers the top social media news first thing every morning. You cansign upto receiveSocial Media Insightshereor at the bottom of this post.

    1 In 10 Marketing Execs On Twitter Cross-Post Video From Vine (LeadTail)
    Marketing and social media professionals who use Twitter often cross-post content to the platform from various other networks, including photo and video sites, according to a study from LeadTail. The study shows that one of Twitters strengths is its flexibility, and openness to links and updates from other networks. Marketing, social media, and PR executives should be on the cutting-edge of social media usage, so this may be a barometer of Twitters future as a cross-posting clearinghouse. The study showed that 27% of high-level marketing professionals shared content from Facebooks Instagram to Twitter, 22% cross-posted content from LinkedIn, 20% from Foursquare, and 10% from Vine. Read gt;

    • For a look at the potential of social media for marketers, please see our recent BI Intelligence report, The Social Media Advertising System Explained, which is excerpted here.

    How LinkedIn Is Becoming The Next Big Content-Creation Hub (Content Marketing Institute)
    Little by little, the social network for professionals is also becoming acontent creationhub. This has major implications for content marketers, especially those in the business-to-businesscontentspace. The Content Marketing Institute explains how brands and companies can begin leveraging groups, native ads, and the LinkedIn API to begin content marketing. Read gt;

    TweetDecks New Look And Feel (Twitter)
    Twitter unveiled a redesigned TweetDeck. Now awash in white background, the Twitter management tool now closely resembles some of its competitors, Hootsuite and SocialFlow. The other major change is the menu, which was moved from the top of the screen to a narrow yet expandable left-hand bar menu. Read gt;

    Snapchat Takes Its Place Among the Photo-Sharing Giants (Business Insider)
    Why did Taco Bell turn to Snapchat for a recent campaign. Easy: because its becoming one of the largest photo platforms out there. Read gt;

    New Facebook Notification Tells You When Promoted Posts Budgets Expire (Sprout Social)
    Facebook continues to tweak its Promoted Posts product to make is easier for marketers and advertisers to manage it. Facebook is now sending notifications to Page admins running Promoted Posts when the budgets on those campaigns have reached their end. Read gt;

    How To Define Engagement On Twitter (Simply Measured)
    Simply Measured, a social analytics company, defines engagement on Twitter as such:

    Engagement = @replies + retweets + mentions

    Brands can adjust this model to favor specific variables. For example, a new startup might give more weight to mentions, in an effort to raise awareness. Read gt;

    Case Study: Subways Vibrant Social Media Presence (Sysomos)
    Sysomos looked at Subways 22.5 million Facebook fans and 1.2 million Twitter followers to uncover the secret to Subways success on social media. The big lessons that Subway can teach digital marketers is the importance of being creative and active, Mark Evans said in a company blog post. [Subway] creates fun games and offers a lot of interaction that encourages people to get deeper into the digital experience. Read gt;

    Blueprint Of Social Media Layouts [INFOGRAPHIC](tentsocial)
    Keeping up with all the interface changes on social media sites can be exhausting. Nonetheless, knowing the exact dimensions of layouts for pages and profiles is critical to managing a flawless social media presence. Have a look at the infographic below:

    Please follow SAI on Twitter and Facebook.

    Join the conversation about this story

    See Also:

    • How Much Is A Facebook Like Worth To A Brand?
    • CEOs Who Are Active On Social Media Boost Employee Morale And Their Companys Image
    • The Rise Of Social Commerce: How Tweets, Pins And Likes Can Turn Into Sales

    ‘Art of Weaving’ to Be Highlighted at 15th Annual St. Charles Fine Art Show

    Saturday, June 15th, 2013

    The Downtown St. Charles Partnership, in a release, said st St., is the sponsor of the Feature Tent, where , will present “The Art of Weaving.”

    The release describes Fine Line Creative Arts Center as one of the few regional art centers in the country. The center on the West Side primarily is a school where internationally known artists lead a variety of workshops in textiles, ceramics, graphic arts, metalwork, glass, jewelry, and many other arts and crafts. Fine Line Creative Arts Center has more than 40 faculty members and 1,200 students who participate in 200 classes a year.

    This year, in the Feature Tent, Fine Line Creative Arts Center faculty members will demonstrate the following arts of weaving and the equipment and methods associated with them.

    Weaving: Making hand-woven cloth.

    Spinning yarn used for weaving and knitting.

    Ply-split braiding: An ancient craft of the Far and Middle East for making very strong cords and braids.

    Felting: Processes for working with woven wool or wool yarn, from treating fabrics to creating shapes and objects.

    Basket weaving: Involves wood or reed-type materials and may incorporate anything that can be woven, ranging from textiles to metals.

    The 15th annual St. Charles Fine Art Show also will feature a family photo booth, live musical entertainment, a historic downtown trolley tour, artist demonstrations, and the “Art of Weaving” Feature Tent. All St. Charles Fine Art Show activities are free to the public and people of all ages are encouraged to attend. 

    The St. Charles Fine Art Show is held, rain or shine, on Riverside Avenue between Main Street/Route 64 and Illinois Avenue in downtown St. Charles. Admission is free, with ample free parking in multiple city lots. For more information, please visit www.stcharlesfineartshow.com.

    SOURCE: Downtown St. Charles Partnership

    Related:

    • April 17, 2013: St. Charles Gears Up for 15th Annual Fine Art Show Is May 25-26
    • May 8, 2013: 15th Annual St. Charles Fine Art Show To Be Largest Yet
    • May 12, 2013: Spotlight on Two New Artists for 15th Annual St. Charles Fine Art Show
    • May 13, 2013: Past Award Winners Return to 15th Annual St. Charles Fine Art Show
    • May 16, 2013: 2 St. Charles Photographers in Fine Art Show
    • May 20, 2013: Art Talks: Something New at the 15th Annual St. Charles Fine Art Show

     

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