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  • Vivek Wadhwa, voice for women in Silicon Valley, is foiled by his tone | The Financial Express
    called out on those points Wadhwa who conceded that he can be a hothead adopted a defensive even wounded tone on Twitter He said he was under assault by extremist feminists claimed that he had done more for the cause of women in tech than almost anyone and frequently deflected criticism of his language by saying that he was an immigrant who did not understand web slang He pulls the immigrant card the victim card and it is so much work to stay on point said Mary Trigiani a management consultant who has gotten into a few dust ups with Wadhwa The whole episode could be written off as a mere Twitter fuelled debate But the women who have criticised Wadhwa say the battle carries a bigger message That he became a spokesman for women in tech despite their questions about his message is they say symptomatic of an industry that seems bent on listening to men over women even when the men aren t especially qualified to comment I don t think he has done much good said Karen Catlin a former software engineer and vice president of Adobe Systems who now works as a consultant and advocate for women in tech He has burned a lot of bridges with the women s community Wadhwa began writing about women in tech in 2010 after his wife pointed out how few women were at the Crunchies an annual awards show for start ups He had been researching entrepreneurship and immigration but he found the women in tech issue to be an unexplored niche So he took up the mantle exploring the imbalance in dozens of guest op ed columns as well as in lectures Soon he was a fixture on the issue a go to source for reporters looking for a sheen of expertise Wadhwa was interviewed recently by a Newsweek reporter Nina Burleigh for a February cover story called What Silicon Valley Thinks of Women In the article for which she also interviewed more than 30 women Burleigh paraphrased Wadhwa s ideas this way Wadhwa says women not only are reluctant to overstate their accomplishments and goals they habitually understate them That didn t sit well with Amelia Greenhall a web designer and executive director of Double Union a community workshop for women in San Francisco who wrote a widely shared blog post condemning Wadhwa Greenhall declined to discuss her post with me But Wadhwa insists that he has a sincere interest in seeing more women succeed in technology Several women who know him and who have worked with him back up that claim and say his heart is in the right place Others blamed his critics for not giving him the benefit of the doubt I don t think the feminist movement as a whole was ever that interested in figuring out how to work with Vivek said Elissa Shevinsky co founder of a messaging company called Glimpse First Published on February 27 2015 12 02 am Please

    Original URL path: http://www.financialexpress.com/article/india-news/vivek-wadhwa-voice-for-women-in-silicon-valley-is-foiled-by-his-tone/48088/ (2016-02-08)
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  • Fed appears to hesitate on raising interest rate | The Financial Express
    spent much of the January meeting discussing various aspects of raising the Fed s benchmark interest rate which they have held near zero since December 2008 At the meeting some officials argued as they have publicly that there is a growing risk the Fed will wait too long before raising rates Yet the account suggested that the Fed s chairwoman Janet L Yellen and most members of her committee continue to regard the stimulus campaign as necessary It said that many officials were concerned that raising rates prematurely might damp the apparent solid recovery potentially forcing the Fed to reverse course It also noted that fewer officials were concerned about the appearance of raising rates when inflation is running well below the Fed s 2 goal Many participants indicated that their assessment of the balance of risks associated with the timing of the beginning of policy normalisation had inclined them toward keeping the federal funds rate at its effective lower bound for a longer time it said The minutes were released after a standard three week delay Diane Swonk chief economist at Mesirow Financial in Chicago said the account reinforced her view that the Fed would wait until September to begin raising short term rates and would continue to move slowly thereafter Uncertainty about the evolution of the Fed s intentions has been heightened in recent months by a dearth of public comments by Yellen and other senior officials Some of that fog may lift next week when Yellen is scheduled to testify on monetary policy and the outlook for the economy before committees of both the House and the Senate Fed officials have long pointed toward June as the most likely timing for a first rate increase but sluggish inflation appears to be prompting second thoughts First Published on February 20 2015 12 47 am Tags US Federal Reserve Please Wait while comments are loading More on this story US Fed will be patient on US policy given global risk Robert Kaplan US Fed keeps rates unchanged wary eye on global markets China move to support yuan helps copper bounce Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra

    Original URL path: http://www.financialexpress.com/article/companies/fed-appears-to-hesitate-on-raising-interest-rate/45031/ (2016-02-08)
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  • David Carr, Times critic and champion of media, dies at 58 | The Financial Express
    blunt and searingly honest The effect was both folksy and sophisticated a voice from a shrewd and well informed sceptic We want our anchors to be both good at reading the news and pretending to be in the middle of it he wrote on Monday in the wake of revelations that NBC anchor Brian Williams had lied about being in a helicopter under fire in Iraq in 2003 That s why when the forces of man or Mother Nature whip up chaos both broadcast and cable news outlets are compelled to ship the whole heaving apparatus to far flung parts of the globe with an anchor as the flag bearer We want our anchors to be everywhere to be impossibly famous globe trotting hilarious down to earth and above all trustworthy It s a job description no one can match In a statement Arthur Ochs Sulzberger Jr The Times s publisher and chairman said David Carr was one of the most gifted journalists who has ever worked at The New York Times He combined formidable talent as a reporter with acute judgment to become an indispensable guide to modern media But his friends at The Times and beyond will remember him as a unique human being full of life and energy funny loyal and lovable Dean Baquet The Times s executive editor informed the staff of Carr s death in an email on Thursday night Carr he wrote was the finest media reporter of his generation a remarkable and funny man who was one of the leaders of our newsroom Baquet added He was our biggest champion and his unending passion for journalism and for truth will be missed by his family at The Times by his readers around the world and by people who love journalism Carr s rise at The Times is all the more remarkable for the depths from which he rose As he chronicled in his 2008 memoir The Night of the Gun by the late 1980s he was addicted to crack cocaine and living with a woman who was a drug dealer and the mother of his twin daughters First Published on February 14 2015 1 41 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus

    Original URL path: http://www.financialexpress.com/article/industry/david-carr-times-critic-and-champion-of-media-dies-at-58/42856/ (2016-02-08)
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  • Twitter sees plenty of money in tweet flow | The Financial Express
    To better capitalise on the trend Twitter recently released tools to make it easier to shoot edit and post video directly from its mobile apps And shortly before Costolo s appearance Wednesday Twitter announced it was buying Niche a New York ad agency that specialises in helping popular content creators on Vine Instagram and other visually oriented social networks to connect with brands that are willing to pay them to promote their products Although Niche is still tiny it takes a cut of the transactions it brokers potentially offering Twitter another way to profit from advertisers rising interest in video It is also expanding its efforts to extend its reach and sell ads beyond its core base of 288 million monthly users he said A new partnership with Google to include tweets in web searches will also drive new traffic to Twitter s service First Published on February 13 2015 12 52 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr

    Original URL path: http://www.financialexpress.com/article/industry/twitter-sees-plenty-of-money-in-tweet-flow/42268/ (2016-02-08)
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  • Greece, euro zone fail to reach bailout deal | The Financial Express
    discuss all the facets of the Greek crisis Another goal of the Wednesday night meeting was to prevent Greek tensions from spilling over into a summit meeting of European Union leaders scheduled for Thursday in Brussels when the leaders are supposed to be addressing the Ukraine crisis and ways of responding to terrorism in Europe Ministers were hoping to get the situation with Greece into a holding pattern so that work on the Greek proposals could get underway as soon as possible If ministers did not quite reach that goal they came close according to diplomats who spoke on condition of anonymity Over the course of the evening the ministers had been expected to release a joint statement in which the Greeks pledged to keep most of their previous commitments and that laid out plans for technical discussions to continue on Friday and during the weekend But that plan had to be dropped at the end of the meeting after ministers could not agree on additional language demanded by Greece on the gravity of social conditions in the country The goal was to successfully conclude the plan but it s not done Pierre Gramegna the finance minister of Luxembourg told reporters at the end of the meeting To reach that goal analysts say both sides need to be willing to compromise The solution for Greece is a matter of political willingness Guntram Wolff the director of Bruegel a research organization in Brussels said earlier on Wednesday The first step is for the Greeks to stop their unilateral declarations to increase spending without being able to afford it Wolff said and then European creditors should somewhat delay debt repayments and offer them more of a financial cushion As the ministers met in Brussels thousands of demonstrators Wednesday night jammed into Syntagma Square and surrounding streets in Athens to support an end to austerity and back the government s position Many brandished the Greek flag and waved placards reading Give Greece a chance while others denounced European blackmail and called for no compromise with the bankers and the EU Thousands also rallied in the large northern Greek city of Thessaloniki There also were rallies in support of the Greek administration in other European cities including Brussels and London Earlier in the day Varoufakis met Christine Lagarde the managing director of the International Monetary Fund who came to Brussels in a black leather jacket that seemed to signal her readiness to take an approach as tough as Varoufakis s First Published on February 13 2015 12 46 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again

    Original URL path: http://www.financialexpress.com/article/industry/greece-euro-zone-fail-to-reach-bailout-deal/42264/ (2016-02-08)
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  • Jon Stewart will be leaving ‘The Daily Show’ on a career high note | The Financial Express
    working stand up if not necessarily an astute political commentator A decade and a half later his satirical sensibility helped turn The Daily Show where he also serves as an executive producer into an influential platform for news and media commentary both in the US and around the world The programme which averaged a respectable 2 2 million viewers a night last year has been a humorous release valve for politically frustrated often left leaning viewers and a bête noire of often right leaning critics who saw him as a member of the liberal media elite As recently as Monday night on the show Stewart had been taking aim at the recent scandal that has engulfed the NBC news anchor Brian Williams a frequent Daily Show guest who on Tuesday was suspended without pay for six months Stewart cast him as a journalist with a propensity for personal exaggeration and commented on the failure of the news media to thoroughly question the underpinnings of the Iraq war Speaking of Williams Stewart said See I see the problem We got us a case here of infotainment confusion syndrome Noting the widespread media coverage of Williams s woes Stewart wryly added Finally someone is being held to account for misleading America about the Iraq war Created by Lizz Winstead and Madeleine Smithberg The Daily Show had its debut in 1996 with Craig Kilborn the former SportsCenter anchor gaining buzz for its mixture of Weekend Update style news driven comedy and Kilborn s sarcastic celebrity interviews Under Stewart The Daily Show made Comedy Central a formidable player in late night entertainment a field that had largely belonged to the broadcast networks and programmes like David Letterman s Late Show on CBS and Jay Leno s Tonight Show on NBC During Stewart s tenure The Daily Show won 20 Emmy Awards including numerous trophies for outstanding variety series and outstanding writing of a variety series The programme also became remarkable for its success rate in boosting the careers of other comedic talents who generally started out as on air correspondents on The Daily Show Stephen Colbert used The Daily Show to refine his persona as a blowhard commentator and parlay it into his own companion series on Comedy Central The Colbert Report In April CBS announced that Colbert would succeed Letterman as the host of its Late Show Steve Carell who went on to become the lead actor of NBC s The Office and an Academy Award nominated star of Foxcatcher broke through as a Daily Show correspondent under Stewart So did John Oliver now the host of HBO s news satire program Last Week Tonight First Published on February 12 2015 12 02 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction

    Original URL path: http://www.financialexpress.com/article/lifestyle/showbiz/jon-stewart-will-be-leaving-the-daily-show-on-a-career-high-note/41759/ (2016-02-08)
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  • How Japan borrows $9 trn practically for free | The Financial Express
    Insurance The pension system Public pension funds held 62 trillion yen of the government s securities more than 6 percent of the total Most of these were at the Government Pension Investment Fund the world s biggest pension manager Almost half of its 130 9 trillion yen in assets were in domestic bonds at the end of September with the GPIF aiming to cut this to 35 percent Have a low rate of inflation and slow growth When growth and inflation are low this encourages investors to purchases government bonds which guarantee a risk free return Japan s economy grew an average of 0 8 percent in the 10 years through 2013 and probably expanded 0 2 percent last year after a sales tax hike pushed it into recession mid year By comparison the US grew an average 1 6 percent in the 10 years through 2014 Japan s consumer prices excluding fresh food rose to 0 5 in December from a year earlier once you strip out the effect of the sales tax rise In the five years through the end of 2014 price were little changed rising an average 0 04 First Published on February 11 2015 12 02 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/how-japan-borrows-9-trn-practically-for-free/41401/ (2016-02-08)
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  • The Great American Dream, still deferred | The Financial Express
    the public private housing industry isn t entirely over That is evident in a startling statistic reported last month by the Census Bureau The homeownership rate dropped all the way to 63 9 at the end of 2014 That s lower than it was when Mr Clinton said homeownership was too low The rate has declined consistently for years now a drop that accelerated with the wave of foreclosures set off by the housing crash With thousands of people still owing more on their mortgages than their houses are worth national preferences have been shifting and fewer people say they believe they should buy a home A national consumer survey conducted for Fannie Mae in December asked whether people would buy or rent if it were time to move The share who said they would buy fell to 61 a record low Those who said they would rent rose to 34 This sea change in attitudes might be proceeding even more briskly if it weren t for national policy aimed at giving people an inducement to buy homes Consider mortgage rates The average rate for standard 30 year fixed mortgages is under 3 6 an extraordinarily low rate made possible in large part by the intervention of governmental or quasi governmental authorities First there s the Federal Reserve which stepped into the market for mortgage backed securities in 2009 filling the yawning gap that opened after banks and investors shunned that market after the subprime mortgage crisis As of Feb 4 according to data compiled by the Federal Reserve Bank of St Louis the Fed held 1 74 trillion in such securities giving it a dominant position While it stopped adding to its holdings in October the Fed is keeping those it owns reducing supply That as basic economics tells us tends to increase prices In fixed income markets interest rates or yields move in the opposite direction of prices The Fed is holding mortgage rates down Until now its actions have helped to fuel whatever housing recovery we ve seen but the Fed s current policy bias is to tighten monetary conditions As a result mortgage rates are likely to rise That does not bode well for the housing market As Barclays Research said in a report last Wednesday to clients on the outlook for housing History suggests a rise in mortgage rates causes a decline in housing demand and residential investment First Published on February 9 2015 12 05 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New

    Original URL path: http://www.financialexpress.com/article/markets/world-markets/the-great-american-dream-still-deferred/40448/ (2016-02-08)
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