Archive for June 1st, 2010
Apple CEO Jobs says Foxconn "not a sweatshop" (Reuters) – NIMBRUNG.NET
Tuesday, June 1st, 2010 at 11:09 pm
Hot Breaking News about Apple CEO Jobs says Foxconn not a sweatshop Reuters
RANCHO PALOS VERDES, California (Reuters) –
Apple Inc Chief Executive Steve Jobs said on Tuesday Foxconn, the global contract manufacturer that assembles the company’s iPhones and iPads in China, “is not a sweatshop.”
Apple Inc Chief Executive Steve Jobs said on Tuesday Foxconn, the global contract manufacturer that assembles the company’s iPhones and iPads in China, “is not a sweatshop.”
Jobs was making his first public comments about a spate of apparent suicides by Chinese workers at a complex operated by Foxconn, which produces devices for many other computer makers.
Apple released the iPad in April and it has quickly defined the nascent tablet computer market, selling more than 2 million units in the first 60 days.
But a string of deaths at Foxconn’s base in southern China, which critics blame on stressful working conditions, threatens to cast a shadow over the device’s seeming success.
“It’s a difficult situation,” Jobs said on stage at the D8 conference, an annual gathering of top technology executives. “We’re trying to understand right now, before we go in and say we know the solution.”
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US library honors Paul McCartney for pop music (AP) – NIMBRUNG.NET
Tuesday, June 1st, 2010 at 11:09 pm
Hot Breaking News about US library honors Paul McCartney for pop music AP
WASHINGTON – When it comes to popular music, it doesn’t get much bigger than the tunes Paul McCartney has written and sung over the past five decades with the Beatles and on his own.
McCartney, who has been knighted by the queen of England, is being honored with Washington’s highest award for pop music this week by the Library of Congress. The Gershwin Prize for Popular Song is named for the U.S. songwriting brothers George and Ira Gershwin, whose collections are housed at the library.
“Some of the songs you write, you don’t know where they come from,” McCartney said on stage Tuesday night. “So I have to believe in the magic.”
The tune for “Yesterday” came to him in a dream, he said. Nobody could place it, so he claimed it as his own.
McCartney joked the original lyrics were “Scrambled egg. Oh my baby how I love your legs.”
Then he took his guitar and said “Here goes nothin,” before he sang the familiar tune for a Washington crowd at a private concert at the library. The audience included House Speaker Nancy Pelosi, Stevie Wonder and comedian Jerry Seinfeld. He also sang an encore of “Blackbird.”
The 67-year-old McCartney said he’s “slightly nervous” about performing about 3 feet in front of President Barack Obama in the East Room at the White House on Wednesday, when he will be presented the award.
“For an English kid growing up in Liverpool, the White House — that’s pretty special,” he said Tuesday.
“He’s a great guy,” McCartney said of Obama, “so lay off him.”
The former Beatle says it’s very special to win the Gershwin Prize because he grew up listening to music by the Gershwin brothers. Wonder and Paul Simon previously won the Gershwin prize.
Librarian of Congress James Billington said McCartney made an impact beyond music, “symbolizing and humanizing the global soundscape,” and with his activism around the world.
Faced with the Washington press corps, McCartney was quizzed on his inspiration for songwriting, his opinion on whether performers should earn royalties for when their work is played on the radio (he thinks they should) and even got a few autograph requests.
This is McCartney’s first major lifetime achievement award from the U.S. government. He was slated to win a Kennedy Center Honor, the nation’s top prize for performing artists, in 2002, but backed out because of a scheduling conflict. In 1990, McCartney won the Grammy Lifetime Achievement Award.
The Jonas Brothers, Faith Hill, Stevie Wonder and Seinfeld are part of an all-star lineup that will honor McCartney at the White House concert. The concert will be televised July 28 nationwide on PBS.
Performers also will include White Stripes singer and guitarist Jack White, Foo Fighters frontman Dave Grohl, singers Emmylou Harris, Elvis Costello and others.
McCartney was knighted as Sir Paul in 1997 for his service to music. Thirty years earlier, he and the rest of the Fab Four were dubbed Members of the Order of the British Empire, a step below knighthood and an honor that drew some protests.
The one-time teen idol has since made his name as an environmentalist and animal rights supporter.
He said the Gulf Coast oil spill is “a disgrace” and those responsible must know how to cap a gusher if they’re allowed to drill at the sea floor in the future.
McCartney, who has been knighted by the queen of England, is being honored with Washington’s highest award for pop music this week by the Library of Congress. The Gershwin Prize for Popular Song is named for the U.S. songwriting brothers George and Ira Gershwin, whose collections are housed at the library.
“Some of the songs you write, you don’t know where they come from,” McCartney said on stage Tuesday night. “So I have to believe in the magic.”
The tune for “Yesterday” came to him in a dream, he said. Nobody could place it, so he claimed it as his own.
McCartney joked the original lyrics were “Scrambled egg. Oh my baby how I love your legs.”
Then he took his guitar and said “Here goes nothin,” before he sang the familiar tune for a Washington crowd at a private concert at the library. The audience included House Speaker Nancy Pelosi, Stevie Wonder and comedian Jerry Seinfeld. He also sang an encore of “Blackbird.”
The 67-year-old McCartney said he’s “slightly nervous” about performing about 3 feet in front of President Barack Obama in the East Room at the White House on Wednesday, when he will be presented the award.
“For an English kid growing up in Liverpool, the White House — that’s pretty special,” he said Tuesday.
“He’s a great guy,” McCartney said of Obama, “so lay off him.”
The former Beatle says it’s very special to win the Gershwin Prize because he grew up listening to music by the Gershwin brothers. Wonder and Paul Simon previously won the Gershwin prize.
Librarian of Congress James Billington said McCartney made an impact beyond music, “symbolizing and humanizing the global soundscape,” and with his activism around the world.
Faced with the Washington press corps, McCartney was quizzed on his inspiration for songwriting, his opinion on whether performers should earn royalties for when their work is played on the radio (he thinks they should) and even got a few autograph requests.
This is McCartney’s first major lifetime achievement award from the U.S. government. He was slated to win a Kennedy Center Honor, the nation’s top prize for performing artists, in 2002, but backed out because of a scheduling conflict. In 1990, McCartney won the Grammy Lifetime Achievement Award.
The Jonas Brothers, Faith Hill, Stevie Wonder and Seinfeld are part of an all-star lineup that will honor McCartney at the White House concert. The concert will be televised July 28 nationwide on PBS.
Performers also will include White Stripes singer and guitarist Jack White, Foo Fighters frontman Dave Grohl, singers Emmylou Harris, Elvis Costello and others.
McCartney was knighted as Sir Paul in 1997 for his service to music. Thirty years earlier, he and the rest of the Fab Four were dubbed Members of the Order of the British Empire, a step below knighthood and an honor that drew some protests.
The one-time teen idol has since made his name as an environmentalist and animal rights supporter.
He said the Gulf Coast oil spill is “a disgrace” and those responsible must know how to cap a gusher if they’re allowed to drill at the sea floor in the future.
On Tuesday, he performed “Yesterday” with the Loma Mar Quartet, which played string instruments from the library’s Stradivari collection dating back to the late 1600s. Pianist Lang Lang also performed on George Gershwin’s piano.
Pelosi, went gaga over the former Beatle.
“Congratulations, Sir Paul,” Pelosi said. She thanked him for letting Americans travel with him “down the long and winding road,” and added “P.S. We love you.”
____
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Hawaii’s Maui Film Festival to honor Zac Efron (AP) – NIMBRUNG.NET
Tuesday, June 1st, 2010 at 11:08 pm
Hot Breaking News about Hawaiis Maui Film Festival to honor Zac Efron AP
WAILEA, Hawaii – Teen heartthrob Zac Efron will be honored by the Maui Film Festival in Hawaii later this month with its Shining Star Award.
The star of “High School Musical 3: Senior Year” and “17 Again” will accept it on June 16, the festival’s opening night.
Festival director Barry Rivers says the 22-year-old actor “is an exemplary shining star.”
Rivers says this year’s mantra is “Trust the Future,” and Efron is an actor with an extraordinary career behind him and an even more brilliant one ahead of him.
___
Information from: The Maui News, http://www.mauinews.com
The star of “High School Musical 3: Senior Year” and “17 Again” will accept it on June 16, the festival’s opening night.
Festival director Barry Rivers says the 22-year-old actor “is an exemplary shining star.”
Rivers says this year’s mantra is “Trust the Future,” and Efron is an actor with an extraordinary career behind him and an even more brilliant one ahead of him.
___
Information from: The Maui News, http://www.mauinews.com
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Hon Hai to raise China Foxconn worker wages 30 percent (Reuters) – NIMBRUNG.NET
Tuesday, June 1st, 2010 at 11:08 pm
Hot Breaking News about Hon Hai to raise China Foxconn worker wages 30 percent Reuters
TAIPEI (Reuters) –
Taiwan’s Hon Hai Precision Industry plans to raise production workers’ salaries by 30 percent at its Foxconn International Holdings manufacturing hub in southern China, more than originally planned, a spokesman said, following a string of apparent suicides there.
The company, which makes of Apple Inc’s iPhone among other top-brand electronic products, had originally planned to lift pay by 20 percent as it moved to quell a storm of bad publicity over the deaths.
Taipei-based Hon Hai spokesman Arthur Huang said on Wednesday that the increase would take effect immediately. The company’s shares fell 2 percent, with the broader market down 0.4 percent.
Hon Hai said with the higher wage increase it wanted to reflect rising prices in the mainland, and also hoped to earn the respect of worker and raise efficiency.
“Raising salaries will impact Hon Hai’s costs, pressuring their ability to make a profit,” said Tom Tang, vice-president at Masterlink Investment Advisory in Taipei. He added, however, that it was also a way to impress foreign investors.
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Prudential pulls out of bid for Asian insurer AIA (AFP) – NIMBRUNG.NET
Tuesday, June 1st, 2010 at 11:08 pm
Hot Breaking News about Prudential pulls out of bid for Asian insurer AIA AFP
LONDON (AFP) –
British insurer Prudential said Wednesday it was terminating its bid to buy AIA, the Asian arm of AIG, after the US group refused to lower its asking price.
Prudential said in a statement it was “in negotiations with American International Group, Inc. (AIG) for the termination of the agreement (the SPA) for the combination of Prudential with AIA Group Limited (AIA).”
The deal had foundered after AIG refused Prudential’s request to cut the price tag of 35.5 billion dollars (29 billion euros) to nearer 30 billion dollars, following a revolt by the British company’s shareholders.
In its statement, Prudential said it expected the bid to be terminated, and it would pay AIG a break fee of more than 152 million pounds (224 million dollars, 183 million euros), plus legal fees of 81 million pounds.
Prudential chairman Harvey McGrath said: “While AIA was an excellent opportunity, since we announced the potential transaction we have seen significant falls in the markets.
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