Friday, 25 May 2012

Buffett says his firm likely to buy newspapers

(AP) ? Warren Buffett says his company is likely to buy more newspapers in the next few years, and Berkshire Hathaway will not try to influence the editorial policies of any of them.

Buffett wrote a memo this week to the editors and publishers of all of Berkshire's daily newspapers. That group is about to grow to include 26 daily newspapers because Berkshire announced last week that it plans to buy 63 newspapers from Media General Inc. for $142 million.

The letter was posted online Thursday by the Omaha World-Herald, which is a Berkshire newspaper. Buffett's assistant didn't immediately respond to an inquiry about the letter Thursday.

Buffett's memo mostly reiterated things he has said about newspapers before, but it appears that he wanted to put them in writing for the company's editors before the Media General deal is completed. That deal is expected to close in late June.

Buffett said Berkshire will look to buy small to mid-sized newspapers that cover their communities well.

"We will favor towns and cities with a strong sense of community, comparable to the 26 in which we will soon operate. If a citizenry cares little about its community, it will eventually care little about its newspaper," said Buffett, Berkshire's 81-year-old chairman and CEO.

Berkshire Hathaway includes more than 80 different subsidiaries that largely run themselves because the company is extremely decentralized. Buffett told the newspaper editors that he won't try to influence the way their reporters cover news.

"You should treat public policy issues just as you have in the past," Buffett said. "I have some strong political views, but Berkshire owns the paper ? I don't. And Berkshire will always be non-political."

Buffett said many of the newspaper editors he was writing to would likely outlive him as Berkshire employees, but he predicted that his successors would follow the same hands-off management approach.

Buffett said the newspapers it is buying from Media General, which include the Richmond Times-Dispatch in Virginia and the Winston-Salem Journal in North Carolina, have been successful on both the business and journalistic fronts. He said that's also true of the newspapers Berkshire Hathaway already owns in the Omaha World-Herald Co. and the Buffalo News.

But Buffett said he believes all newspapers need to quit offering their product free online.

"The original instinct of newspapers then was to offer free in digital form what they were charging for in print," Buffett wrote. "This is an unsustainable model and certain of our papers are already making progress in moving to something that makes more sense."

Buffett said he believes newspapers will do well if they remain the primary source of information about their communities.

"It's your job to make your paper indispensable to anyone who cares about what is going on in your city or town," he said.

___

Online:

Berkshire Hathaway Inc.: www.berkshirehathaway.com

Buffett's letter: http://dataomaha.com/documents/warren-buffetts-letter-to-publishers-and-editors

Associated Press

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Mobile Security Services, Cloud Key to Disaster Planning: ATandT ...

Disaster recovery plans are an essential element for any organization, and mobile security services are taking an increasingly prominent place in those plans, according to a survey from network operator AT&T, which found six out of ten (60 percent) invest in mobile security services with the majority (69 percent) indicating potential security breaches as the most pressing concern.

Maintaining mobility and wireless capabilities, though inherently complex, has become increasingly important to businesses, with 67 percent of executives surveyed indicating they have included wireless network capabilities as part of their business continuity plans, and 52 percent of IT executives surveyed anticipated the spending for mobile security services to increase.

The survey also indicated companies have had their business continuity plans fully tested in the past year, according to 63 percent of respondents, and the vast majority (87 percent) have already implemented the necessary arrangements for communicating with key executives during a natural disaster. Business are also preparing for the possibility of a ?virtual event? such as a potential security breach, with 67 percent of respondents indicating their business continuity plans include such a scenario.

?There?s certainly no shortage of potential threats or disasters around the world and it?s evident that executives are taking the necessary measures to ensure their business continuity plans are in place and actionable,? Chris Costello, assistant vice presidents of offer management for cloud services said in a prepared statement. We?ve seen a strong emphasis on IT security and continued growth in areas of cloud and mobile applications; implying that companies are embracing the tools and services needed to continue operational activities despite potential threats and disasters.?

AT&T has conducted the study for more than ten years, surveying IT executives from companies in the United States with at least $25 million in annual revenue to measure the national pulse on business continuity planning. The company also conducts several Network Disaster Recovery (NDR) exercises each year through regional and international markets, spending $600 million the program, which includes specially trained managers, engineers and technicians and a fleet of more than 320 self-contained equipment trailers and support vehicle. The events are designed to test, refine and strengthen AT&T?s business continuity and disaster recovery services.

Source: Eweek.com

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Samsung Omina M stops off at the FCC, Europeans pine for the Focus 2

Image

Samsung's Euro-centric Omina M has finished its mandated saunter through the FCC. The Windows Phone for the old country will sport a 4-inch Super AMOLED display, 1GHz processor -- while the test documents reveal that it'll only carry a GSM and 3G radio, leaving the lucky few with LTE out in the cold. Now that it's passed the regulatory hurdle of being allowed into the US, we can hope that the company will soon start talking about when we can get our hands on one.

Samsung Omina M stops off at the FCC, Europeans pine for the Focus 2 originally appeared on Engadget on Thu, 24 May 2012 04:55:00 EDT. Please see our terms for use of feeds.

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Thursday, 24 May 2012

The Data Center Journal OnRamp's Data Center Disaster Recovery ...

Austin-based Data Center operations company, OnRamp Access, is helping businesses in hurricane-prone regions protect their IT infrastructure with disaster recovery solutions designed to keep online operations up and running in the event of a natural disaster. This year, meteorologists have predicted that storms forming within the Atlantic Basin region, including the Gulf of Mexico, will have a higher likelihood of occurring closer to the United States than in years past. This forecast poses an imminent threat to businesses lining the coast, with the potential for prevailing winds to push the forces of these storms directly inland, and placing businesses in the path of possible destruction. OnRamp assists companies around the country in maintaining reliable disaster recovery operations deployed from its Austin Data Center with the critical infrastructure and Full7Layer Support necessary for 100% uptime 24/7/365.

According to the U.S. Department of Labor ? Bureau of Labor Statistics, ?40% of all businesses that experience a disaster never reopen. Of the remaining businesses, 25% close within the following year.? OnRamp?s disaster recovery solutions provide companies who cannot afford downtime, loss of productivity and revenue with a secure, redundant and reliable environment to deploy their operations for business continuity. OnRamp?s team of experienced network engineers and technical staff are available around the clock to offer companies more than just a place to store data safe from harm. The Austin Data Center provides Full7Layer Support from onsite engineers with experience all the way through the application layer, thus removing the need for companies to travel between their office and their data center to diagnose, troubleshoot, or remedy problems inside their rack. Because OnRamp can support customers above the hardware layer, companies often view OnRamp as an extension of their IT department, especially in times of unforeseen disasters.

?When disasters strike, it is essential for businesses to establish effective IT partners in remote locations, to ensure the confidentiality, availability, and integrity of data operations,? stated OnRamp?s Founder, Chad Kissinger. ?In addition to being a safe and secure environment for disaster recovery, companies are more likely to be successful partnering with OnRamp because we provide a level of support that far exceeds that of our competitors. Our experienced, on-site support staff can facilitate the installation, monitoring and maintenance of equipment, which is important to disaster recovery customers whose IT staff is far removed from their equipment by design.?

OnRamp has helped hundreds of businesses across the country, and on the coast, successfully replicate their online infrastructure at the company?s Austin Data Center in response to past natural disasters, including Hurricanes Rita and Ike. Austin is one of the safest areas in the country for storing data. Situated away from floodplains, landslides, seismic faults, and having no reported incidence of hurricanes, Austin provides a geographically stable environment for disaster recovery. Not only is Austin free from major weather related threats, its physical location within the US is an added benefit in terms of latency and general connectivity, making it perfect for the placement of infrastructure that is intended to serve data to end users all over the US.

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Gupta tipped off 'top secret' Buffett deal: witness

[ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]

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trusts & estate planning - Financial Tips - Know Your Financial Advisor

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Wednesday, 23 May 2012

Motherhood Moment: Contest: Mrs. Holiday

It?s pretty
clear that America loves the holidays. According to independent market
research, more than $80 billion is spent annually on food during
holidays.? That represents about 15% of total supermarket food sales in
the U.S.*

There are more than 65 million fans of Taste of Home magazine, its iPad edition, website, books, and special interest publications. They count on Taste of Home to be their go-to resource for the holidays. For example, website traffic at TasteofHome.com increases by 25%-40% before every holiday. Geared up with recipes and ideas, these women head right to retail to start their holiday food shopping.

Recognizing the enormity of the holidays to peoples? personal lives and the U.S. economy, Taste of Home has begun a nationwide search on Facebook.com/TasteofHome to identify candidates for the position of Mrs. Holiday, a spokesperson role at the company, which includes a $50,000 payment. ?Mrs. Holiday will be a new type of pageant queen,? said Taste of Home editor-in-chief Catherine Cassidy. ?She?s an advocate, an ambassador and an inspiration who cooks for her family to bring everyone around the table at the holidays. She?s got memorable recipes combined with a celebration attitude.?

To audition for the role of Mrs. Holiday, women age 18 or older must visit Facebook.com/Taste of Home to enter a virtual pageant. There they can submit a video entry of no more than two minutes to show/tell us how they bring the holidays to life and convince us why they should be Taste of Home's Mrs. Holiday. They also should submit a signature holiday recipe in 200 words or less. The full entry rules and instructions are provided at Facebook.com/TasteofHome. All entries will receive a free chocolate chip cookie recipe as a thank you for auditioning.

Unlike the Miss America pageant, consumers will have a hand in picking Mrs. Holiday by voting for their favorite entrant at Facebook.com/TasteofHome starting on June 4 and ending on September 7.? Mrs. Holiday will be selected from among the top 100 vote getters by a panel of experts.

Once officially crowned, Mrs. Holiday will be available to conduct interviews, cooking segments, and blogging, as well as to make appearances across the country at retailers and some of the more than 300 Taste of Home cooking schools.

About Taste of Home
Taste of Home is America?s connection to the personal recipes of people who like to cook at home as a way to bring family and friends together, particularly at the holidays. Each year, thousands of people from across the United States and Canada submit more than 40,000 recipes, of which 3,000 are published. Every recipe that is published is carefully evaluated and selected by the Taste of Home Test Kitchen, which ensures that it can be prepared with affordable, everyday ingredients. Taste of Home content is available in print; online at Tasteofhome.com; in books; via digital download on iPad, mobile apps and Kindle; and Facebook, Twitter and Pinterest. Obtain a subscription at?www.TasteofHome.com?or on your favorite digital download device.

About Reader?s Digest North America?
Reader?s Digest North America comprises operations for Reader?s Digest Association in the United States and Canada.? It is at the core of the strategy to expand RDA owned and operated brands, including Master Brands Reader?s Digest, Taste of Home and The Family Handyman, and Enthusiast Brands Birds & Blooms, Farm & Ranch Living, Country, Country Woman and Reminisce, across multiple media platforms to provide consumers content when they want it, where they want it, to expand its Master Brands geographically, and to increase partnership opportunities. Reader?s Digest North America reaches consumers through its various print and digital magazines, websites and social media outlets, books and home entertainment products.?Further information can be found at?www.rda.com.

###

* Based on IBISWORLD special report August 2010

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Cardinal: 'binding doctrinal content' not major part of breach ...

CWN - May 22, 2012

The Second Vatican Council?s declarations on non-Christian religions and religious freedom do not contain ?binding doctrinal content,? Cardinal Walter Brandmuller said at a press conference on May 21.

The retired president of the Pontifical Committee for Historical Sciences, along with Archbishop Agostino Marchetto and Father Nicola Bux, is the coauthor of a newly published book, Le ?Chiavi? di Benedetto XVI per interpretare il Vaticano II [Benedict XVI?s ?Keys? for Interpreting Vatican II].

Stating that the conciliar documents have differing degrees of authority, Cardinal Brandmuller said that ?there is a huge difference between a great constitution and simple declarations.?

?Strangely enough, the two most controversial documents [on religious liberty and relations with non-Christian religions] do not have a binding doctrinal content, so one can dialogue about them," he continued. "So I don't understand why our friends in the Society of St. Pius X concentrate almost exclusively on these two texts. And I'm sorry that they do so, because these are the two that are most easy to accept if we consider their canonical nature.?

Cardinal Brandmuller added that all the conciliar documents ?must be taken seriously as expressions of the living Magisterium,? while Archbishop Marchetto said that Catholics must offer ?at least an adhesion of intellect and will? to all of the documents.

?From what I have learned, there must be an acceptance of the Council by those who want to be reunited with the Church," said Archbishop Marchetto, the retired secretary of the Pontifical Council for Migrants and Travelers. "I don't think the SSPX can say, 'Well, we'll set this or that document aside.'?

Cardinal Brandmuller said that the Society of St. Pius X, like the Old Catholics after the First Vatican Council, ?have in common a rejection of the legitimate developments of the doctrine and life of the Church,? but the Society is not ?insignificant? like the Old Catholics.

?We hope that the Holy Father's attempt to reunify the Church succeeds,? added the cardinal, who offered a solemn pontifical Mass in the extraordinary form at St Peter's Basilica last May.

Additional sources for this story
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A Lot Suburbs Take A Trim - Sunday Times Property Report In ...

Welcome to your invaluable guide to real-estate values in Perth. The Property Report , published by The Sunday Times, brings together detailed sales statistics for an all-inclusive market picture.

We are hoping you enjoy the new shiny mag layout that makes this guide the best for portability, ease of use and coffee-table display.

The info comes from independent government authority Landgate* and reflects only completed sales across the entire state.

So what does our 22nd report show? The stats points to a metropolitan market still in correction after it?sremarkable rise, with lots of suburbs showing negative growth.

Eastern-corridor suburbs continue to top the metro pack, while status southern suburbs have taken a trim on the bottom 10 list.

The shooting star is Derby, but even its meteoric annual expansion is overshadowed by the appreciation in land values in Dudley Park.

The Peel area suburb posted a gobsmacking 101.5 % movement in median empty land price this last year off 28 sales.

That is food for thought as you contemplate your next move on the property chessboard.

Ecstatic house hunting!

*Landgate is WA?s first source of land info and geographic data, providing the accuracy State, business and people depend on.

Landgate provides Western Australians with simple access to location information including:

  • property info
  • titles
  • valuations
  • property sales reports,
  • maps
  • aerial photography
  • and satellite imagery

As an Official Authority, Landgate maintains the State?s official register of land ownership and survey info and is accountable for valuing the State?s land and property for government interest.

Landgate is at the sharp edge of location data technology. In 2008 we launched the Shared Land Information Platform (SLIP) Enabler, an application that has transformed the way spatial info is employed and shared.

The SLIP Enabler facilitates the sharing of spatial info across government and business to supply the community with easier access to data. It supplies the infrastructure and services required to access Western Australia?s considerable land and geographic info resources.

At Landgate we recognize that making the right choices requires location information. We offer location information for optimal decision-making in central authority, business and the community.

Lauren Hyde Research coordinator for Landgate. West Australia?s Government land and property authority. To view more reports go http://www.landgate.com.au

?Mail this post

Posted under Need help buying or renting?

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Tuesday, 22 May 2012

FDA staff sends mixed message on J&J drug Xarelto

WASHINGTON (Reuters) - U.S. drug reviewers had mixed opinions about whether Johnson & Johnson's blood thinner Xarelto reduced the risk of new heart attacks and strokes in people with heart problems, setting the stage for heated debate by outside experts later this week.

Some U.S. Food and Drug Administration staff raised doubts about how well the drug worked, given the high number of people who dropped out of studies on the pill. But the FDA's clinical reviewer recommended approval.

But the staff appeared united in the view that the data did not prove Xarelto reduced the risk of death in patients with acute coronary syndrome, which analysts had seen as the drug's most important advantage for treating this heart condition.

An FDA advisory panel of outside experts will vote Wednesday on whether to recommend the drug. The FDA usually follows panel recommendations, although it is not required to. The agency is due to make a final decision on Xarelto by the end of June.

The FDA's medical team leader, Dr. Thomas Marciniak, questioned whether Xarelto truly helped people with heart problems, since J&J lost track of an average of 12 percent of people taking the pill in clinical trials.

He also said the company did not count three people who died after taking the drug, which could skew results.

"These three uncounted deaths may be the tip of the iceberg regarding problems with missing data," he said in FDA briefing documents posted online on Monday.

But the FDA's clinical reviewer, Dr. Karen Hicks, said J&J recognized the problem of missing data and tried to fix it, and many other heart trials have the same problem.

"I recommend approval of Xarelto to reduce the risk of cardiovascular events in patients with acute coronary syndrome," she said in the documents.

However, Hicks said Xarelto does not reduce the risk of death, and also said minor bleeding issues with the pill may be a concern if the drug is approved.

Xarelto, which J&J developed in partnership with German drugmaker Bayer AG, is already approved to reduce the risk of blood clots in the legs and lungs of people who have had knee or hip replacement surgery. It is also approved to prevent strokes among people with irregular heartbeats, called atrial fibrillation.

The companies are hoping to get Xarelto approved for a third use: reducing the risk of stroke and heart attack in people with acute coronary syndrome (ACS).

ACS is an umbrella term that refers to people who have heart attacks or chest pain usually caused by a blocked coronary artery. About a million people in the United States are hospitalized each year after having an ACS episode, usually a heart attack, according to researchers.

Larry Biegelsen, analyst at Wells Fargo, said he still believes the FDA advisory panel will recommend Xarelto for ACS patients because of the FDA reviewer's recommendation.

"We expect a very heated debate on (Wednesday), however, we continue to expect a positive outcome," he said in a research note.

He said the increased risk of bleeding meant Xarelto would have modest sales for people with acute coronary syndrome, reaching $342 million in 2016. The drug's use in such patients will be about 22 percent of overall Xarelto sales of $1.6 billion in 2016, he said.

Xarelto is one of three new medicines that offer potential advantages over older drugs to prevent strokes and other dangerous conditions caused by blood clots, in a market worth up to $10 billion in annual sales, according to Wall Street forecasts.

Investors have tried to bet on which of the three will become the dominant player in a race between Xarelto, Eliquis from Pfizer Inc and Bristol-Myers Squibb Co, and Boehringer Ingelheim's Pradaxa.

Xarelto's rivals failed in treating patients with ACS, giving Bayer and J&J a potentially distinct market - although stroke prevention in atrial fibrillation is seen as the most lucrative use for the new drugs.

Shares of J&J rose 0.3 percent to $63.55 in morning trading on the New York Stock Exchange, in line with the broader Arca Pharmaceuticals Index. Bayer shares were 2.6 percent higher on the Frankfurt Stock Exchange.

(Reporting by Anna Yukhananov; Editing by Gerald E. McCormick and John Wallace)

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Stocks mixed after Greek worries resurface

After gaining for most of the day, the Dow only finished up 2 points at 12503 Tuesday, as news out of Greece yanked indexes lower shortly before the closing bell.

By Matthew Craft,?AP Business writer / May 22, 2012

Traders work on the floor of the New York Stock Exchange, May 22, 2012. Stocks closed mixed Tuesday amid renewed worries about Greece's financial problems.

Brendan McDermid/Reuters/File

Enlarge

Just how nervous are investors about Greece? All it took to derail a day of stock market gains was a headline saying that Greece was preparing to leave the euro, an outcome most analysts had already expected.

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Major indexes were higher for most of the day after the National Association of Realtors reported that home prices surged 10 percent over the past year, the biggest gain in six years. Then, with less than an hour of trading left, news hit that Greece's former prime minister said the country was considering dropping the euro.

The headlines blindsided investors. A 50-point gain in the Dow Jones industrial average turned into a 57-point loss in 45 minutes. A last-minute recovery left the Dow down just 1.67 points at 12,502.81.

Facebook's stock kept sliding, dropping 9 percent to $31. The social networking company has fizzled since its long-awaited initial public offering last week at $38. Facebook sank 11 percent on Monday, even as the rest of the stock market rallied.

The realtor group said sales of previously occupied homes rose 3.4 percent last month to an annual rate of 4.62 million, more than economists had predicted. The median price jumped to $177,400, the biggest gain since January 2006, before the real-estate bubble popped.

"Existing home sales is one of the most important indicators for the housing market," said Dan Greenhaus, chief global strategist at the brokerage BTIG. "The improvement in today's data, while not spectacular, is nonetheless encouraging."

In other trading, the Nasdaq composite dropped 8.13 points to 2,839.08. The Standard & Poor's 500 inched up 0.64 of a point to 1,316.63. It was up 12 points earlier in the day.

PulteGroup, Lennar and other homebuilders gained more than 2 percent. S&P's homebuilder index has surged 38 percent this year, versus 4.7 percent for the S&P 500 index.

In recent years, most analysts considered the housing market a drag on the overall economy. Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi, said Tuesday's report is more proof that housing is no longer an obstacle. It's "not just healing" he said, in a note to clients. Construction has now contributed to economic growth for two straight quarters.

Leaders of the 27 European Union countries will meet in Brussels on Wednesday. The summit is expected to focus on ways to bolster the region's faltering economy and prevent a deeper financial crisis, though it's unlikely they'll produce any plans before Greece holds elections in June.

Among stocks making big moves:

? Urban Outfitters jumped 7 percent, the best gain in the S&P 500. The retailer posted earnings late Monday that surpassed Wall Street analysts' expectations on record sales.

? Benihana soared 21 percent on news that the restaurant group's board agreed to a buyout from the private equity firm Angelo, Gordon & Co. Shareholders still need to sign off on the deal.

? Ralph Lauren rose 3 percent. The clothing company's quarterly earnings soared 29 percent, helped by strong sales and a lower tax rate. The company doubled its dividend to 40 cents per share.

Just how nervous are investors about Greece? All it took to derail a day of stock market gains was a headline saying that Greece was preparing to leave the euro, an outcome most analysts had already expected.

Major indexes were higher for most of the day after the National Association of Realtors reported that home prices surged 10 percent over the past year, the biggest gain in six years. Then, with less than an hour of trading left, news hit that Greece's former prime minister said the country was considering dropping the euro.

The headlines blindsided investors. A 50-point gain in the Dow Jones industrial average turned into a 57-point loss in 45 minutes. A last-minute recovery left the Dow down just 1.67 points at 12,502.81.

Facebook's stock kept sliding, dropping 9 percent to $31. The social networking company has fizzled since its long-awaited initial public offering last week at $38. Facebook sank 11 percent on Monday, even as the rest of the stock market rallied.

The realtor group said sales of previously occupied homes rose 3.4 percent last month to an annual rate of 4.62 million, more than economists had predicted. The median price jumped to $177,400, the biggest gain since January 2006, before the real-estate bubble popped.

"Existing home sales is one of the most important indicators for the housing market," said Dan Greenhaus, chief global strategist at the brokerage BTIG. "The improvement in today's data, while not spectacular, is nonetheless encouraging."

In other trading, the Nasdaq composite dropped 8.13 points to 2,839.08. The Standard & Poor's 500 inched up 0.64 of a point to 1,316.63. It was up 12 points earlier in the day.

PulteGroup, Lennar and other homebuilders gained more than 2 percent. S&P's homebuilder index has surged 38 percent this year, versus 4.7 percent for the S&P 500 index.

In recent years, most analysts considered the housing market a drag on the overall economy. Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi, said Tuesday's report is more proof that housing is no longer an obstacle. It's "not just healing" he said, in a note to clients. Construction has now contributed to economic growth for two straight quarters.

Leaders of the 27 European Union countries will meet in Brussels on Wednesday. The summit is expected to focus on ways to bolster the region's faltering economy and prevent a deeper financial crisis, though it's unlikely they'll produce any plans before Greece holds elections in June.

Among stocks making big moves:

? Urban Outfitters jumped 7 percent, the best gain in the S&P 500. The retailer posted earnings late Monday that surpassed Wall Street analysts' expectations on record sales.

? Benihana soared 21 percent on news that the restaurant group's board agreed to a buyout from the private equity firm Angelo, Gordon & Co. Shareholders still need to sign off on the deal.

? Ralph Lauren rose 3 percent. The clothing company's quarterly earnings soared 29 percent, helped by strong sales and a lower tax rate. The company doubled its dividend to 40 cents per share.

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Chinese activist ventures outside on sunny Sunday

FILE -- In a May 19, 2012 file photo blind Chinese legal activist Chen Guangcheng arrives at Washington Square Village on the campus of New York University in New York. He is planning to study law at NYU. But before that, he says he is planning to spend time recuperating. (AP Photo/Henny Ray Abrams/file)

FILE -- In a May 19, 2012 file photo blind Chinese legal activist Chen Guangcheng arrives at Washington Square Village on the campus of New York University in New York. He is planning to study law at NYU. But before that, he says he is planning to spend time recuperating. (AP Photo/Henny Ray Abrams/file)

(AP) ? A day after leaving China, a blind legal activist ventured outside near where he's living in New York City.

Chen Guangcheng spent a sunny Sunday sitting in a wheelchair in the shade as children played nearby.

U.S. Rep. Chris Smith, chair of the Congressional-Executive Commission on China, tells AP Television News that Chen is a "courageous man."

"He's very gentle and very tough at the same time," the New Jersey Republican says. "His cause, which is defending women from the crime of forced abortion, has not had enough focus in the world community."

New York University law professor Jerome Cohen says Chen, who is to study law at NYU, is in "admirable shape."

Chen escaped house arrest in China and was given sanctuary inside the U.S. Embassy, setting off a diplomatic skirmish that ended with his leaving China.

Associated Press

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Monday, 21 May 2012

Awoken

Awoken

"What happens when heaven will not take you, and hell cannot?"

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The Many Benefits Of Working With An Executive Coaching ...

You were born an innovator. Your parents realized it, and you?ve known it from the time you decided that licorice was the very best jellybean flavor on Earth, Pharaoh would be the only realistic name for a puppy, and Math was the sole subject in the entire universe that deserved to be repelled with payback.

Yes, you could have always known what you like and exactly how to get it. Ever since you were little, you have had the makings of a leader who would build up the knowledge and skills to create wise choices, trigger action, and inspire exactly the same virtue among colleagues and subordinates. Now you?ve aged and discovered to simply accept Math simply enough for its functional day-to-day applications (but not for the disgraces that are termed Calculus and Trigonometry)! Nowadays you are in a victorious executive position in a good company, managing a team of your own, and making important business choices every day. Because you want to be better in the thing that you do, you opt to work with executive coaching to help you to obtain sharper corporate knowledge.

So how exactly does executive career coaching operate? Experts who are very skilled in career coaching can educate effective business leaders strategies to enhance their corporate habits. You may be taught a lot more effective management methods as well as other methods to look at situations to get to more efficient decisions. Executives can be re-introduced to listening and questioning styles, and better communications strategies that they?ll employ within their teams. Every one of these practices are engineered to help an executive establish favorable alterations within an institution. ?

Executive coaching plans could also concentrate on boosting a company executive?s self-awareness, which will can grant a very good impact on their operation in the office. There?s always room for improvement, which explains why a coach can assist revitalize an executive?s personal demonstration and style, communication methods, team management, and even their self- or time-management. Strengths are emphasized and weaknesses tackled through the executive coaching sessions. ?

These tiny modifications in the performance of a corporate professional may be all it takes to create efficient changes and enhancements to the operations of a company. Executive coaches work with management-level movers as a way to generate a ripple effect of improvements down to the team, and the individual work values of every group member.

If perhaps you were born to lead, and wired to become a lifelong learner, your talents as being a successful executive can pave the way for the formation of a work environment which is helpful and harmonious all at once. A large number of business managers would greatly benefit from the great objectives of executive career coaching.??

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Cars I've Loved and Hated ? Michael Lamm's Unauthorized Auto ...


Terry Ehrich (left) ran Hemmings and readily accepted Lamm?s idea of starting a new magazine called Special-Interest Autos. Shown with Terry are David Brownell, who became editor of SIA in 1978, and Justus Taylor, longtime Hemmings mechanic. Text and below photos copyright Michael Lamm 2012

I?d like to veer off course again, this time to talk about Special-Interest Autos magazine and how it started.

After three years at Motor Trend, I left in late 1965 and took a job as publications director for the University of the Pacific here in Stockton, California. I thought I?d love working for a college, but I didn?t. So in August 1966, I went out on my own and put up a shingle as a freelance writer and automotive editor.

That?s not an easy way to make a living, and there were now five Lamms to feed, but somehow it worked out. We bought a house in Stockton, I built a little office inside our garage, and the kids knew that while I was in there, clacking away at my Royal Standard, they had better stay out.

When our neighbors asked what I did for a living, I told them I was self-employed, but the fact was and still is that there?s a very thin line between being self-employed and unemployed.

My primary freelance markets during those years were Motor Trend, Car Life and Popular Mechanics. I knew the people at Motor Trend quite well, and I?d left on good terms, so they gave me a fair amount of work. Another good market was Car Life, the magazine John and Elaine Bond at Road & Track conceived as Motor Trend?s rival, the idea being to expand the Bond empire so it could compete more directly with Petersen Publishing Co. Petersen published Motor Trend, Hot Rod, Car Craft, Rod & Custom, Sports Car Graphic and a number of other titles.

John Bond and Robert E. (Pete) Petersen were polar opposites. Pete was basically a salesman, and John Bond was what I?d call an automotive intellectual, a car enthusiast with a degree in engineering and the ability to write. He?d come into the magazine business sideways. John?s very deep and broad passion for cars gave him the ability to recite, with amazing accuracy, such things as engine specifications, wheelbase lengths, model dates and anecdotes about people involved in the auto industry.

John was a walking encyclopedia of automotive facts and trivia, and he had the good sense to gather about him other people of similar interests, men like Tony Hogg and Dean Batchelor, both of whom also had knowledge of all things automotive.

Pete Petersen was, in my opinion, more in tune with the audience(s) he was appealing to, but he didn?t have anything like John Bond?s background or intelligence about cars. Pete could pick good editors, and it?s to his everlasting credit that he chose Walt Woron to become Motor Trend?s founding editor in 1949 ? one of the best moves Pete ever made. Other good choices were Wally Parks and Ray Brock, who edited and nurtured Hot Rod. Wally later founded the National Hot Rod Association, and Ray went on to oversee all of Pete?s magazines for a number of years in the 1960s.

Natural Editors
A longish digression here about editors. There are people who have a natural ability to edit books, magazines and newspapers. I see this talent as similar to that of artists. Some people can draw, some can compose music and others can sculpt. Most of us mortals can?t do any of those things, but a small, gifted minority can.

Same applies to editors. Some people have a natural ability to determine what?s interesting, to distill the essence of a fascinating topic, then to put words on paper that make the topic lively and clear, and/or to inspire writers with those abilities. It?s not a skill given to everyone.

I think I can best explain my concept of a ?natural editor? by example. For a number of years, a young fellow named Lorin Sorensen worked at our local Sears as the store?s security manager. Lorin didn?t much like his job, and he happened to own a 1940 Ford woody, which is how I got to know him.

One day Lorin came to me and said that he had a chance to become editor of The V-8 Times, the magazine published by the Early Ford V-8 Club of America. He had no editing experience, so before he committed himself, he asked me to give him a few pointers. Together, we thumbed through old issues of the Times, and I was astonished by his ability to judge interesting articles and differentiate them from those that merely filled pages. He had this knack for pointing out what made the interesting articles interesting and the dull ones dull.

He turned out to be, by my definition, a natural editor, even though I had no idea at the time whether he could actually spell or proofread or do any of the dozens of things an editor needs to do in order to put out a magazine. But I figured he could learn all those things on his own, and he did.

Lorin Sorensen edited The V-8 Times for several years and then went on to publish the landmark Ford Life series of magazines and books. Lorin had that simple, natural ability to intuit what people wanted to see and read, and that talent eventually led him to a very happy and prosperous livelihood.

Walt Woron, Tony Hogg, Dean Batchelor, David E. Davis, Jr. and, on a larger scale, William Randolph Hearst also had that ability, and I?m sure that?s what marked all of them as good editors. Some were also good writers, but there?s a huge difference, and neither ability has to overlap.

Enter the Formula
Back to car magazines. In the late 1940s and 1950s, editors like Walt Woron and John Bond pretty much enjoyed carte blanche in terms of publishing what they wanted. The automotive world in the broadest sense was their oyster, and if Walt found an interesting backyard custom, he ran an article about it. If John Bond wanted to do an article about Henry Seagrave?s 1926 world land speed record, he did. Car magazines in those days weren?t yet drawn and quartered; they didn?t adhere to a formula.

Today they do. Today we have vertical rather than horizontal car magazines. Instead of the sorts of magazines that Walt Woron and John Bond edited, which took on any and all automotive topics, from testing to car buying to classics and homemade specials, today we have magazines devoted solely to hot rods. Or to sports cars. Or off-road vehicles. Or racing. There are car magazines that cover only Corvettes or Mustangs or MoPars.

Today?s four mass-circulation car magazines ? Car and Driver, Motor Trend, Road & Track and Automobile ? also tend to be fairly vertical. More to the point is that they?re formulated. All follow roughly the same formula month after month, road tests being their staple, with new-car news plus racing and a certain amount of tech articles thrown in. They occasionally branch out into personalities, and all run columns, usually by people on their staffs.


Today?s newsstand auto magazines tend to follow a formula, thus ending up with a certain sameness.

And I?m sure you?ve noticed that all four march along pretty much in lockstep. If you see a red Dodge Viper on the cover of one, chances are it?ll be on the cover of others. Ditto inside ? a lot of the coverage involves the same cars. Part of that happens, of course, because auto manufacturers release certain cars at certain times, so they?re new when they?re new. And the car companies invite A-list automotive journalists to the same previews and press junkets at much the same times. That?s the nature of the beast.

Inside the Beast
And back now to my early adventures in freelancing. One of the more interesting magazines I worked for was Car Life, John Bond?s effort to unseat Motor Trend. Car Life?s editor, Jim Hamilton, knew he had a tough row to hoe, and if he couldn?t keep upping Car Life?s circulation to approach that of Motor Trend, he?d soon be out of work.

Jim copied Motor Trend?s formula to a large extent, but he also wanted to get away from the formulaic sameness. He was willing to experiment with the sorts of articles he knew Motor Trend wouldn?t run, such things as biographies of Craig Breedlove and Zora Arkus-Duntov; articles about street racing; the history of automatic transmissions; offbeat topics.

And offbeat was where I came in. I guess Jim got desperate, because I was able to talk him into letting me do all sorts of articles about older cars and, most notably, special interest cars. The other magazines, when they ran anything at all about older cars, covered the same classic marques and topics ? what I called ?the Auburn-Cord-Duesenberg syndrome.? Jim agreed, and we decided to run articles about automotive history as it influenced the industry and contemporary cars.

After I?d done a certain number of articles about special interest makes and models for Car Life, the thought occurred to me that maybe there?s enough meat in that topic, with a nice selection of offbeat cars tossed in, to fuel a magazine in its own right. And that?s basically where the idea for Special-Interest Autos (SIA) came from: my work for Jim Hamilton at Car Life.

I took a mental inventory of what sorts of articles I?d put into SIA, but I knew from the beginning that I couldn?t write, edit, publish and distribute a startup (upstart?) magazine on my own. I?d need a partner, preferably one already in the magazine business. The Big Four publishers wouldn?t go for the idea, because SIA couldn?t possibly generate enough circulation or advertising. In my mind, that pretty much narrowed it to a partnership with Hemmings Motor News (HMN).

I phoned Hemmings cold early one morning in 1969 and asked to speak with the publisher, Terry Ehrich. I?d never met Terry and didn?t know a thing about him, but he seemed the person to ask. Terry came on the phone. He sounded affable but a little reserved. I explained my idea and, to my utter amazement, he took an immediate interest in it.

Terry asked me whether I could fly out to HMN?s headquarters in Bennington, Vermont, on a certain date in the near future so that I could get together with him and his partners at their annual corporate meeting. Hemmings was owned, at that time, by Watering Inc., a corporation whose three principal officers were Terry; his father-in-law, Bayard Ewing; and George Waterman, a wealthy New England car collector. The three of them had bought Hemmings from its founder, Ernie Hemmings, and moved the magazine to Terry?s hometown, Bennington. Terry ran the show, and all three were equal partners.

Terry invited me to come out a few days early and stay with him at his house outside Bennington. I flew to Troy, New York, rented a car, drove to Bennington and met Terry on what I recall was a Thursday afternoon. The corporate meeting was to take place on the following Sunday.

Terry Ehrich grew up in Arlington, Vermont, where his father had served several terms as a state senator. Terry graduated from Harvard and worked for a while as ad manager for the New York Review of Books, but he didn?t like Manhattan and moved back to Bennington, where he became very much involved with the community. He and I hit it off immediately, and I found him to be very informal, cordial and straightforward. One of the first things we did was walk down to the stream at the back of his property, perch ourselves on rocks and just talk.

Previously, back in California, to prepare for the board meeting ? one of the scariest events of my life ? I?d put together a dummy magazine and gathered some of my articles about special interest cars that had run in Car Life. The four of us met in Terry?s office at the former schoolhouse that Hemmings used as its headquarters. I was nervous, clearly, but that went away pretty quickly.


Bayard Ewing. Photo courtesy Rhode Island School of Design.

Bayard Ewing and George Waterman were both old-money New Englanders, as was, actually, Terry Ehrich. Bayard got his B.A. from Yale and earned his law degree at Harvard. He lived and worked in Providence and served one term in the Rhode Island legislature. Bayard was also a trustee of the Rhode Island School of Design and was heavily involved with United Way and a number of other charities. From 1955 to 1968, he served as a Republican national committeeman.


George Waterman (center) was one of Watering Inc.?s principals, the others being Terry and his father-in-law, Bayard Ewing. Waterman began collecting cars in the 1920s and saved a number of historically significant vehicles from the boneyard. Photo courtesy VMCCA.

The third Hemmings partner, George H. Waterman Jr., was one of the nation?s pioneer car collectors. He favored historically significant vehicles and early race cars and had owned, among many others, the 1866 Dudgeon steam car (now in the Smithsonian), an 1896 Duryea, a 1908 Benz, 1911 Fiat Tipo S-74, 1904 Napier, 1908 Isotta-Fraschini and a 1907 Renault. By combining his own collection with that of Kirkland H. Gibson, George set up the Boston Museum of Automotive Conveyance in 1933. He?d also helped found the Veteran Motor Car Club of America. George was the partner with gasoline in his veins, and it was he who?d put together the deal to buy out Ernie Hemmings.

George and Bayard had formed Watering Inc., which combined their two last names, as a financial partnership and, in 1966, they bought five decommissioned P-51 Mustang fighter planes from the Egyptian air force. They were planning to bring the P-51s to the United States to sell, but before they could do that, the Six-Day War broke out and Israel bombed military targets near Cairo. The P-51s went up in flames (as opposed to down in flames). Fortunately, George and Bayard had the foresight to insure all five planes, and I think Watering Inc. actually came out ahead.

Our meeting went well, and the partners decided to create a separate corporation within Watering Inc. They would put up $5,000 seed money and I would do the same. Bayard decided that this would make both entities equal partners, and by equal, he meant 50/50. This was unusual, because Watering Inc., being the dominant partner, could have insisted on 51 percent, making me a minority stockholder. But Bayard set up a 50/50 arrangement so that everyone would feel motivated to put in equal amounts of effort.

SIA and Hemmings
On a practical level, I would have full editorial control of SIA, with the ultimate responsibility of delivering press-ready material to the printer every other month. Hemmings would take care of the business end of SIA: publicity, advertising, newsstand sales, subscription fulfillment and all the financial aspects. Fortunately, Hemmings already had everything set up to do that, and HMN became the perfect vehicle to promote and publicize SIA, being the largest old-car magazine in the world.

So we were set to go, and the first issue was scheduled to come out in October 1970. We picked that date to coincide with the big Hershey swap meet in Pennsylvania. Hemmings ran teaser ads for SIA ahead of Hershey, and staffers would be at the swap meet in force. The plan was to hand out free copies of SIA #1 to everyone we could buttonhole and, as a result, I think we sold something like 2,500 subscriptions right out of the Hemmings tent.

As an aside, we?d overprinted SIA #1 by hundreds of copies, and we dumped the extras in a huge trash bin on the swap grounds. That night, some smart person came along and pulled most of those magazines out. He sold them back to us years later, and we resold them as back issues. The back-issues department, by the way, consisted of our three pre-teenaged sons stuffing the appropriate copies of SIA into envelopes and slapping stamps and address labels on them.

I have to say that I did have a lot of fun ? and I mean a lot of fun ? editing SIA. I wrote about half the magazine myself, and I quickly learned to do gang research and gang interviews for future issues. That led me to become a huge advocate of having research sources vet my manuscripts before I committed the articles to print. I?d made a mistake in SIA #1 about the Sharknose Graham, spelling designer Amos Northup?s name with an ?r? (Northrup). Jeff Godshall, the noted historian and author, caught me on that one. Afterward, I sent out vetting copies to everyone who had anything to do with an article, and I?m pleased that I did. An original source always knows the subject better than any writer, so unless there?s something besides fact involved, it makes a lot of sense to have as many people check for accuracy as possible. I know some writers disagree, but that?s my firmly held opinion.

For gang research, I was fortunate to have Harrah?s Automobile Collection fairly nearby. Reno is a three-hour drive from Stockton and, by leaving at five in the morning, I could be at Harrah?s research library when it opened. The person in charge of the library was Skip Marketti, who now heads the Nethercutt Collection in Southern California.

Skip went out of his way to make research material available, and the library had one of the best card indexes and old-magazine collections I?ve ever used. Sometimes I?d Xerox all the index cards pertinent to an article and then, from home, order Xeroxes of the requisite magazine pages. Skip always provided everything free of charge, and for that I?m grateful to him and to Bill Harrah.

Harrah?s would also let me take cars out of the collection and photograph them at different locales around Reno. The museum made my life a lot easier and, in time, became a huge benefactor of SIA.

The magazine?s circulation grew more rapidly than anyone anticipated and, by the end of our first year, we were making money. That?s extremely rare for a magazine, especially a small one. Typically magazines take years to become profitable, but we had the built-in publicity machine of Hemmings, and that made a huge difference.

What It Was All About
What I tried to do with SIA was this: I wanted to give readers the panorama of American automotive history from the 1920s through the 1960s by documenting it a bit at a time. I intentionally stayed away from the heavy classics ? the Auburn-Cord-Duesenberg syndrome ? first, because those cars had already been written to death and, second, because they really didn?t have much lasting impact on the auto industry (Packard excepted). I wanted to talk about the mass-produced, more common cars and how they and their creators ? the designers, engineers, marketers, etc. ? shaped history. And I tried hard not to steer SIA into the ruts of a formula.

Then, too, I?ve always been interested in automotive styling, and I tried to emphasize the importance of design along with its relationship to other industry disciplines: sales, manufacturing and American culture in general. Plus I?ve long held a soft spot for offbeat cars: the oddball one-offs; those designed and built by a single individual; cars that flew or swam or embodied far-out concepts, like safety or the diamond wheel pattern.

I figured what interested me would interest SIA?s readers. In my peregrinations to Detroit ? and I went there three or four times a year to do research ? I stumbled onto all sorts of topics that I not only found fascinating but that ended up being much more than footnotes to automotive history. For example, I?d heard of Briggs and Murray, the bodymaking firms, because Ford collectors always talk about them in regard to Model A?s. But I never knew until I did a little digging how hugely important Briggs, Murray and even Budd had been to Detroit manufacturers throughout the 1930s and 1940s. And how little recognition they?d gotten.

As I did at Harrah?s, when I?d go to Detroit I?d do as much research as frantically as I could and then come home, sift through the documents and photos and order additional material as needed. In those days, 1970 through 1974, I?d visit Detroit?s hallowed shrines of automotive research: the Henry Ford Museum Archives, Detroit Public Library Automotive History Collection, Automobile Manufacturers Association (AMA, later MVMA), plus various libraries and archives at Chrysler and General Motors; also their ad agencies.

GM at that time had 36 separate libraries, one each for all five car divisions plus GMC, Terex, Central Staff, Fisher Body, Delco, Ternstedt, Design Staff, Detroit Diesel, etc. Unfortunately, most of those facilities have since been combined or abandoned.

But in those days, most Detroit archives and libraries gave researchers free run of the place. I could spend hours rummaging through photo files with no particular topic in mind, just to see if I could turn up something interesting. And I nearly always did. The Ford Archives, then under the direction of Hank Edmunds, was especially charitable in that I could wander back into the stacks and poke around to my heart?s content.

Hank?s archivists, and most especially Dave Crippen, let me set up my camera stand so I could copy pictures at will. The Ford Archives assessed no fees, and they didn?t even insist on a credit, although I was always careful to give them one. The Detroit Public Library likewise allowed the copying of photos, and I brought home hundreds of pictures that way.

General Motors and Chrysler similarly rolled out the carpet, and all the car companies very generously allowed me to interview their engineers and designers, either face to face or by telephone. I?ve always had a tape recorder hooked to my phone at home, and it?s been one of my most valuable research tools.

I tried, whenever possible, to interview the people involved with the cars and projects I was researching. In fact, I tried hard to concentrate on the human side of the auto industry rather than the hardware: people rather than cars and machinery. And I tried to quote my sources directly, using their words.

Fortunately, a lot of early industry movers and shakers were still living in the early 1970s, so I could talk to people like Emil Zoerlein about designing the ignition system for the 1932 Ford V-8, Carl Breer?s sons about their dad developing the Chrysler Airflow, and Ed Cole about how the 1949 Cadillac V-8 influenced and evolved into the 1955 Chevrolet small-block V-8.

(I remember one time phoning Bob Gregorie, the retired 1930s-1940s Ford design chief, at his home in Florida. Bob was in his late 80s by then. His wife, Evie, answered and said, ?You?ll have to wait a minute. He?s up on the roof, cleaning out the gutters.?)

And at the end of every article, I tried to give credit to the various people and institutions who?d helped me put the story together. I think that was important, not only because it gave them a well-deserved pat on the back but because it reminded me whom I?d talked with so I could call them again for another article.

Burning Out
As I say, producing SIA was great fun, but it was also an awful lot of work. I was usually at it from five in the morning until eight or nine at night, seven days a week, and I hadn?t taken even a short vacation in the four years I spent turning out the magazine. I tried at one point to hire an assistant, but I quickly discovered that I make a terrible boss, so I had to let him go again. Mea culpa.

SIA did use a number of freelancers, and I tried to get the best in the business, artists like Russ von Sauers and Dick Hanson; writers like Karl Ludvigsen, Jan Norbye, Jeff Godshall, David L. Lewis, John Bond and Maurice Hendry. And I made it a point to pay them on the day I received their material, unlike most magazines of that era, which paid on publication. I?d been paid on publication too many times as a freelancer. Payment on publication is like going to a grocery store, filling your shopping cart with food and then telling the checkout clerk, ?I?ll pay for this when I eat it.?


Mike edited SIA non-stop for four years, finally sold his half to Hemmings in early 1975. The magazine lives on as Hemmings Classic Car.

Anyway, after four years and 24 issues, I burned out and decided I needed a rest. I also wanted to spend more time with JoAnne and the kids. The boys were growing up way too fast. I told Terry my feelings, and he sympathized. ?Let me see what I can do,? he said.

A couple of weeks later, he called and asked whether I?d like to sell my half of the magazine. I said sure, but who?d want to buy it? He said Watering Inc. would. We kicked around some figures, arrived at a price, and I suddenly found myself out from under a very demanding mistress. Terry, George and Bayard had been more than generous in accepting my initial SIA proposal, and they were equally generous in buying me out. The sale gave me money to start my book-publishing business, so I?ve been grateful to them ever since.

Terry passed away in January 2002 at age 60, much too young, and I still miss him. He was one of the world?s good people. If everyone shared his sense of decency, his morals and scruples, the earth would be an infinitely better place. The irony is that Special-Interest Autos lives on, although not with that name. It?s now called Hemmings Classic Car, and I?m pleased that it and I are still around and talking.

One final note: I?m afraid I?ve come to the end of the road with this series, at least for now. I?d like to thank Dan Strohl and Hemmings for allowing me the pleasure of writing Cars I?ve Loved and Hated, and I?d especially like to thank you, Hemmings readers, for the wonderful, thoughtful comments you?ve posted at the end of each chapter. You?ve been more than generous and very good for my ego. I?m deeply grateful.

Not saying that this means the end, but it?s going to be a busy summer, so I figure I?d better quit ? at least temporarily ? while I?m ahead. Meanwhile, a friend in Connecticut and frequent commenter here at Hemmings, Casey Shain, has promised to put all these blog posts together in digital form, and when he finishes, I?ll make them available on CD. We?ll let you know when that happens.

And if you?re an absolute glutton for even more punishment, you might want to go to the La Feria, Texas, historical website, where I posted a series of reminiscences a number of years ago. When you get there, click on Reminiscences of La Feria by Michael Lamm at the upper left.

Again, many heartfelt thanks, and have fun!

Michael Lamm grew up in South Texas. He has always loved cars and, after graduating from Columbia University in New York in 1959, took a job as editor of Foreign Car Guide, a magazine about VWs. In the mid 1960s, Mike became managing editor of?Motor Trend and, in 1970, he co-founded Special-Interest Autos magazine in partnership with Hemmings Motor News. In 1978, Mike began to publish his own line of automotive books. For more information, go to www.LammMorada.com.

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Hi! Looking for Original/PB Based RP

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I'm up for: Slice of life, college/highschool based, horror, entertainment (music/idol groups etc), mature plots, supernatural
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