NYC mayor spends $109M on campaign. Opponent? $9M (AP) – NIMBRUNG.NET
NEW YORK – All the bills are paid and the price of the most expensive self-financed bid for office in U.S. history — New York Mayor Michael Bloomberg’s campaign for a third term — totals $109.2 million.
The billionaire mayor, who outspent his Democratic opponent by more than 11 times, filed a final spending report Thursday with the state Board of Elections, showing $866,250 in expenses since the last filing in January.
Those costs were leftover bills and expenses associated with shutting down the 2009 campaign, said deputy mayor Howard Wolfson, who was Bloomberg’s campaign spokesman before he joined the administration.
The payments included staff wages, consultant costs, rental car bills, office utilities and accountants’ fees. Wolfson did not respond to a question about why some expenses were paid as late as last month.
Bloomberg, a former CEO who founded the financial information company that bears his name, has a fortune estimated by Forbes magazine at $18 billion. He is ranked as the wealthiest person in New York City and the 23rd richest in the world.
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Pandora founder pursues bigger piece of radio pie (Reuters) – NIMBRUNG.NET
During a recent taping of the Comedy Central show “The Colbert Report,” host Stephen Colbert took Pandora founder Tim Westergren to task for the name of his Internet radio service.
“Why Pandora?” Colbert asked, reminding him that Pandora’s box from Greek mythology released evil into the world. “Is that what the Internet is? You click open the box and evil comes out your speakers?”
“Surprises come out,” Westergren responded, “and at the bottom of that box was hope.”
To be sure, Pandora is full of surprises and hope. For almost 10 years, Pandora operated on the verge of collapse. In the early years, while it labored to build the Music Genome Project that powers its music recommendation engine, Pandora struggled to find both a business model and funding, to the point where it had to ask employees to work without pay for almost two years.
Then came the infamous March 2007 Copyright Royalty Board (CRB) decision that raised the performance royalty rates for Internet radio to a degree that Westergren said would put Pandora out of business. It led to a two-year fight to reduce those rates, culminating in a compromise reached last July.
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Oil giant BP picks up tab for Durango fireworks (AP) – NIMBRUNG.NET
DURANGO, Colo. – The fireworks display in the city of Durango will go on thanks to embattled oil giant BP.
The company stepped forward to pay for the annual July Fourth display back in December, five months before the start of its oil spill in the Gulf of Mexico.
The display typically costs $15,000, and city officials were poised to cancel it because of a budget crunch. But representatives of BP’s office in southwestern Colorado surprised the council by announcing the company would pick up the tab.
Company spokesman Curtis Thomas said the company knows how important the celebration is to the community and didn’t want it to be lost. He said BP hasn’t asked for any advertising in exchange for its donation.
BP America drills for natural gas in Colorado. It was fined $5.2 million this week for allegedly submitting false reports about energy production on the Southern Ute Indian Reservation near Durango.
The U.S. Department of Interior said the company at times reported erroneous royalty rates, or listed gas coming from the wrong wells.
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World Cup woes hit French, Italian broadcasters (Reuters) – NIMBRUNG.NET
The World Cup has proved a ratings juggernaut so far for broadcasters around the globe, and the first matches in the football tournament’s second round didn’t disappoint.
But with many big teams now out of the running, viewership figures, and the attendant advertising revenue, could fall faster than the dashed hopes of fans in the U.S., England, France and Italy. Channels such as France’s TF1, Sky Italia and Britain’s ITV saw their ratings bonanza come to an end as their respective home sides failed to progress.
Since advertising rates are usually substantially higher if the home team is playing, those broadcasters could also be facing millions in lost earnings. TF1, for example, charges 160,000 euros ($197,000) for a 30-second spot on the network if France is playing, but only 90,000 euros ($111,000) if the team not. Advertisers who would have paid 175,000 euros ($215,000) for a commercial for a quarter final game featuring Les Bleus now get the discount rate of 85,000 euros ($105,000), sans-France.
Nearly 20 million fans in England braved their country’s crushing 4-1 defeat to Germany on BBC1 Sunday but, the slavish loyalty of disappointed fans aside, England’s exit will have a significant impact on the ratings hopes of ITV and the BBC, which are sharing the U.K. rights. Matches where England hasn’t played have rated between a third and half of the 18 million-20 million-strong audiences who have tuned in to England games.
Things are even worse in Italy, where the country’s finance minister, Giulio Tremonti, said Monday the country’s early elimination will shave one percentage point off GDP growth in the near term. The drop is based not just on lower spending directly related to the World Cup but also because the Italian team’s dismal performance has added to the country’s economic malaise.
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Dieting for dollars? More US employees trying it (AP) – NIMBRUNG.NET
ATLANTA – How much money would it take to get you to lose some serious weight? $100? $500?
Many employers are betting they can find your price. At least a third of U.S. companies offer financial incentives, or are planning to introduce them, to get their employees to lose weight or get healthier in other ways.
“There’s been an explosion of interest in this,” said Dr. Kevin Volpp, director of the University of Pennsylvania’s Center for Health Incentives.
Take OhioHealth, a hospital chain whose workforce is mostly overweight. The company last year embarked on a program that paid employees to wear pedometers and get paid for walking. The more they walk, the more they win — up to $500 a year.
Anecdotal success stories are everywhere. Half of the 9,000 employees at the chain’s five main hospitals signed up, more than $377,000 in rewards have already been paid out, and many workers tell of weight loss and a sudden need for slimmer clothes.
But does will this kind of effort really put a permanent dent in American’s seemingly intractable obesity problem? Not likely.
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