Emanuel explores Midway privatization

Mayor Rahm Emanuel's administration will explore the possibility of privatizing Midway Airport but will take a shorter-term, more tightly controlled approach than was employed by former Mayor Richard Daley's team on the city's first go-round.

Chicago's last try, a 99-year lease that would have brought in $2.5 billion, died in 2009 when the financial markets froze up.

The city's latest intentions are expected to be formally announced Friday, ahead of a Dec. 31 deadline for deciding whether to retain a slot for Midway in the Federal Aviation Administration's airport privatization pilot program. The city put off this decision several times previously.

The move, preliminary as it is, is sure to be politically charged, given the anger over the way Daley's 75-year parking meter privatization deal has played out, with proceeds used to plug operating deficits and meter rates rising sharply.

With that historical backdrop, Emanuel is suggesting a more conservative approach. It includes a shorter-term lease of less than 40 years; a "travelers' bill of rights" aimed at ensuring any changes will benefit passengers; and a continuing stream of revenue for the city, giving it a shot to capture some growth.

And unlike the parking meter and Chicago Skyway lease deals, a new Midway transaction would not allow proceeds to be used to plug operating deficits or to pay for operations in any way, Emanuel said in an interview Thursday.

"I will not let the city use it as a crutch to not make the tough decisions on the budget," he said.

But while a shorter lease and greater city control may play well locally, those sorts of terms may not appeal to investors, experts said in interviews this month.

"The shorter the lease term, the lower the bid prices are going to be — that's just the math," said Steve Steckler, chairman of the Infrastructure Management Group, a Bethesda, Md.-based company that advises infrastructure owners and operators. "I'd be shocked if investors offered more than $2 billion for a 40-year lease," Steckler said.

Emanuel said: "Nobody knows until you talk to people. … I'm the mayor and I'm not agreeing to … 99 years. I'm saying it's either 40 years or less." His office has not offered an estimate of what such a deal could bring in, saying it would be premature.

"No final decisions have been made, but we can't make a decision until we evaluate fully if this could be a win for Chicagoans," Emanuel said.

A private operator would take over management of such revenue-producing activities as food, beverage and car rental concessions and parking lots. The FAA would continue to provide air traffic control, while the Transportation Security Administration would continue to provide security operations. The city would retain ownership.

Few details were provided about how privatization would affect travelers and Midway employees. Emanuel said specifics will emerge over time.

By year's end, the city will send the FAA a preliminary application, a timetable and a draft "request for qualification," a document the city will put out early next year to identify qualified bidders for the project. A review of the potential bidders will be conducted in the spring.

Last year, Emanuel expressed hesitation in pursuing a private lease for Midway unless a careful vetting process was in place, saying taxpayers were correct to be wary, given the city's history.

The evaluation process will be deliberate and open to public view, he said Thursday.

He pledged to create a committee of business, labor and civic leaders that will provide updates to the public on a regular basis and that will select an independent adviser to vet the transaction. The committee will deliver a report to the City Council, and there will be a 30-day review period before any vote.

"I set up a different process and a different set of principles that stand in stark contrast to what was discussed or done in the past," Emanuel said.

The FAA pilot program frees cities from regulations that require airport revenue to be used for airport purposes. It allows money to be withdrawn for other uses.

Read More..

Heaviest snow, high winds expected for evening commute

Chicago's morning weather forecast. (WGN - Chicago)

A winter storm warning has been issued for the Chicago metropolitan area, and the National Weather Service says winds up to 60 mph could whip snow into near blizzard conditions in some spots during the evening commute.

Rain is expected to turn to snow around 3 p.m. as temperatures drop and winds pick up, the weather service said. The heaviest snow will fall from 5 p.m. to 9 p.m. with wind gusts of 50 to 60 mph. Three to 7 inches is expected in the far northwest suburbs, 2 to 4 inches in Chicago and 1 to 3 inches in the south and southwest suburbs.

But the weather service says the winds will be the real problem. "We may not get a whole lot of snow but the potential for snowing, drifting and poor visibility is very high," weather service meteorologist Mark Ratzer said.

In its storm warning, the weather service said the greatest chance of near white-out conditions is near the shoreline in Lake and Porter counties in Indiana. The storm warning is in effect from 3 p.m. until 3 a.m. Friday.

In western Illinois and Wisconsin, a blizzard warning is in effect with as much as a foot of snow forecast. Snow could fall 1 to 2 inches an hour around Rockford late in the afternoon, the weather service said.

To the south, a high wind advisory has been issued for Kankakee County. And in Indiana, a lakeshore flood warning is in effect for Lake and Porter counties.

The storm will end a record stretch of 290 days without snow in the Chicago area. This will also be the lastest that the city has seen its first measurable snowfall.

More than 150 flights have already been canceled at O'Hare International Airport, according to the Chicago Department of Aviation. At Midway Airport, airlines have nixed more than 30 flights.

United Airlines said it is waiving change fees for travelers scheduled to fly out of O'Hare on Thursday who want to change their plans.

ComEd said it was bracing for power outages because of the storm. The company said it was preparing additional crews and equipment and asking for help from other utilities to respond quickly to outages.

ComEd Vice President Terence Donnelly said the storm was “expected to be especially damaging” to the company's power system because of the combination of wind, snow and ice.

The Illinois Toll Highway Authority urged motorists to stay off the highways this afternoon.

"This weather event is expected to impact most of the tollway system – from Rockford to Chicago – resulting in rapidly deteriorating driving conditions across the entire region,” tollway executive director Kristi Lafleur.  “We urge everyone to stay off the roads this afternoon and evening, if possible, but if you must drive, slow down and allow plenty of extra time for the commute home.”

The agency said it was mobilizing its full fleet of 182 snowplows on the 286-mile toll road system.

The Chicago Department of Streets and Sanitation said it was readying its main fleet of nearly 300 trucks.  More than 200 of them are ready to go, and another 150 trucks can be dispatched if necessary, according to department spokeswoman Anne Sheahan.

The city has 285,000 tons of road salt on hand.
 
The department’s primary concern is icy conditions that could make the evening commute difficult, Sheahan said. She cautioned all drivers to be aware of driving conditions and department trucks out on the road.
 
The approaching storm dropped nearly a foot of snow in Des Moines. The airport at Creston, Iowa, recorded the highest winds, with a gust of 53 mph.

On the southern edge of the storm system, high winds damaged homes and downed trees in central Arkansas, the weather service said. A powerful storm peeled the roofs off buildings and toppled trucks in Mobile, Ala., but injured no one. Tornado warnings remained in effect in parts of Mississippi, Louisiana and Alabama early Thursday.

Transportation officials shut down parts of Interstate 29 in Missouri early Thursday, and Interstate 80 in Nebraska remained closed due to blowing snow.

Contributing: Associated Press

chicagobreaking@tribune.com
Twitter: @chicagobreaking

Read More..

Nintendo’s amazing triumph in Japan may doom the company internationally

According to Japanese gaming bible Famitsu, Nintendo (NTDOY) 3DS sold 333,000 units in the week ending December 16, while Sony’s (SNE) PS Vita limped along at 13,000 units, the new Wii U did an okay 130,000 units and the PlayStation 3 managed to sell 46,000 units.  The utter hardware domination of the 3DS is reshaping the Japanese software market. Franchises that were thought to be fading have been revitalized in their portable versions. The 3DS version of the ancient Animal Crossing series, famed for being the game where nothing happens, hit a staggering 1.7 million units last week in Japan. Inazuma Eleven sold 170,000 units in its launch week, up from 140,000 units its DS version managed in 2011.

[More from BGR: RIM, HTC and Nokia could all be headed the way of Palm]

Nintendo’s portable console 3DS had a muted start in its home market in the spring of 2011. Many thought that Sony would have a fair shot at competing with Nintendo once Playstation Vita launched at the end of 2011. But once Nintendo executed an aggressive price cut for 3DS in the summer of 2011 and then launched a large-screen version of the console in mid-2012, the gadget has grown into a Godzilla in Japan, demolishing both Sony Vita and aging tabletop console competition.

[More from BGR: BlackBerry 10 browser smokes iOS 6 and Windows Phone 8 in comparison test [video]]

3DS is doing well also in America, where its lifetime sales are moving close to the 6 million unit mark this holiday season. According to NPD, the 3DS sales in the United States topped 500,000 units in November. That’s a decent number, though far from the torrid volume the portable is racking up in its home market. The U.S. November video game software chart was dominated by massive home console juggernauts: new installments of Call of Duty, Halo and Assassin’s Creed franchises shifted more than 13 million units in retail. At the same time, the Japanese software chart remains in a ’90s time warp, dominated by Nintendo’s musty masterpieces: Super Mario Brothers, Pokemon, Animal Crossing, etc.

Japanese and American tastes have always been different. But what we are witnessing now is a particularly fascinating divergence. American consumers are spending more of their time and money on smartphone and tablet games, while console game spending is increasingly focusing on massive, graphically stunning blockbuster titles on Xbox360 and PS3. The casual gamers are shifting to mobile games, while hardcore gamers remain attracted to sprawling epics on home consoles. The overall video game spending in America keeps declining month after month, as casual titles and mid-list games slide. But the Triple A whales like the Call of Duty series are doing better than ever.

In Japan, Nintendo has been able to battle back iPhone and Android game invasion with a nostalgic series of portable games that basically recycle the biggest hits of ’80s and early ’90s. Mario, Pokemons and other portable heroes are slowly losing their grip on U.S. and European consumers. But in Japan, some form of national nostalgia is keeping Nintendo on track.

The problem here is that the Japanese success of the 3DS may now be convincing Nintendo that it does not have to reconsider its business strategy. The smartphone and tablet game spending continues growing explosively across the world. Unlike console games, mobile game sales in China are legal. The global gaming spending is shifting towards new hardware platforms even as console mammoths like Halo still reign in America. At this critical juncture, Nintendo has managed to cocoon its home market in a web of nostalgia, turning the 3DS console and its Eighties left-over franchises into epic bestsellers yet again.

This means that there is no sense of urgency to push Nintendo into rethinking its long-term plans. The company may continue simply ignoring the smartphone and tablet challenge, designing new portable consoles and the 28th Mario game to support it. Twenty years ago, Japan’s insularity doomed its chances to succeed in the mobile phone business. And now the idiosyncratic nature of Japan may be leading its biggest entertainment industry success astray.

This article was originally published by BGR

Gaming News Headlines – Yahoo! News

Title Post: Nintendo’s amazing triumph in Japan may doom the company internationally
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

“Gangnam Style” in line for UK dictionary inclusion

LONDON (Reuters) – He has the most-watched video in Youtube history, become a pop sensation with a horse-riding dance craze that has swept the world and now Korean singer Psy may cement his place in popular culture with recognition from a British dictionary.

“Gangnam Style,” Psy’s signature song, has been chosen along with “fiscal cliff” and “Romneyshambles” as some of Collins Dictionary‘s words of the year.

“We were looking for words that told the story of the year,” said Ian Brookes, the dictionary‘s consultant editor.

“Some words are from events that have been and gone and so are not likely to stick around … but others are probably here to stay.”

Other headline entries centered on American politics.

“Fiscal cliff” has drawn a lot of attention as the deadline for Congress and President Obama to agree on government spending and tax plans draws nearer.

While the term “Romneyshambles” entered the British public’s consciousness after Mitt Romney‘s gaffe-ridden visit to London in July in which he questioned Britain’s readiness to host the Olympics.

The inclusion of “47 percent” on the list after a leaked video showed Romney telling donors that 47 percent of Americans would definitely vote for Obama because of their dependency on the government capped off a bad year for the losing presidential candidate.

Collins received over 7,000 submissions on its online database.

Twelve words of the year – one for each month – were then selected on the basis of the frequency with which they were spoken, how many places they appeared and their longevity in public discourse.

Appearing on the Collins words of the year list is no guarantee of insertion in the next dictionary.

But Gangnam Style stands a very good chance, Brookes said.

“It’s obviously a craze, so there’s the possibility it will go away. But it’s been heard by so many people that I think it’s probably earned the right to go into the dictionary.”

Other words of the year include “mummy porn” after the popularity of the “Fifty Shades of Grey” books, and “superstorm” after Superstorm Sandy wreaked havoc along the east coast of America in October.

(Reporting By Peter Schwartzstein, editing by Paul Casciato)

Music News Headlines – Yahoo! News

Title Post: “Gangnam Style” in line for UK dictionary inclusion
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Intercontinental to pay $8.2B for NYSE

The IntercontinentalExchange has agreed to buy rival exchange NYSE Euronext for $8.2 billion, as it moves to create one of the top futures markets in Europe and position the combined group to challenge arch rival CME Group.

The two exchanges said in an emailed statement on Thursday ICE had agreed to pay $33.12 a share for NYSE Euronext made up of one third cash and two thirds ICE shares.

NYSE Euronext shares were up more than 30 percent on the news while IntercontinentalExchange Inc. shares reversed earlier declines and were recently up more than 2 percent.

The multi-billion dollar deal designed to push it into the big league of European derivatives and take on arch rival CME Group.

ICE may consider a spin-off or sale of NYSE's stock markets, a source told Reuters. As well as the 200-year old New York exchange, the NYSE also owns bourses in Paris, Amsterdam, Brussels and Lisbon.

"We can't exclude any option at this stage. It's all down to what regulators will require to get the deal approved, and to the timeframe they will give ICE to meet these targets," a source familiar with the situation told Reuters, adding that a deal was expected to be announced later on Thursday.

ICE has proposed buying NYSE, which also owns derivatives market Liffe, for $33 per share, a 37 percent premium to its Wednesday closing price, CNBC said.

One-third of the deal would be funded by cash and the rest in stock, the source confirmed.

NYSE and ICE representatives declined to comment.

Analysts said a deal would give Atlanta-based ICE a strategic boost with control of Liffe, Europe's second-largest derivatives market, helping it compete against U.S.-based CME Group Inc., owner of the Chicago Board of Trade.

"ICE is after Liffe, that is the crown jewel of NYSE Euronext. ICE could potentially sell the U.S. and European equities business, but could struggle to find a buyer. A spin-off of this business could be more likely," said Peter Lenardos, analyst at RBC Capital Markets.

"Strategically it makes sense for ICE to enter the European derivatives space in a meaningful way, but paying $10 billion -- with debt -- to do so sounds generous for NYSE shareholders and expensive for ICE shareholders.

At the close of trading on Wednesday, NYSE was worth about $5.8 billion, indicating that ICE may be willing to pay roughly $8 billion for the owner of the world's largest stock market.

NYSE shares jumped 12 percent in after-hours trading to $26.96. ICE shares rose 3.1 percent to $132.32.

REGULATORY THUMBS-UP

An ICE-NYSE Euronext tie-up would leap-frog Deutsche Boerse to become the world's third-largest exchange group with a combined market value of $15.2 billion. CME Group, ICE's largest U.S.-based rival, has a market value of $17.5 billion, Thomson Reuters data shows.

Hong Kong Exchanges and Clearing is the world's largest exchange group with a market capitalization of $19.5 billion.

ICE's main operations are in energy futures trading and unlike NYSE Euronext, it has steered clear of stocks and stock-options trading, so there is not much business overlap between the two groups, making it more likely competition authorities would approve a tie-up.

Last year, the U.S. Justice Department blocked a $11 billion joint hostile bid by ICE and Nasdaq OMX Group for NYSE Euronext on concerns the tie-up would dominate U.S. stock listings.

If that bid had succeeded, ICE planned to buy NYSE Euronext derivatives business while Nasdaq would have taken control of the stock exchanges.

A rival $9.3 billion bid by German exchange operator Deutsche Boerse also ran afoul of regulators.

"I doubt the competition authorities will have a problem with it, there's only a modest overlap between the businesses," said Richard Perrott, an analyst at Berenberg Bank.

"The rationale for the deal will be the same as that with Deutsche Boerse -- migrate the clearing of Liffe derivatives to ICE's services in London and scale up to attract OTC (Over The Counter) derivatives clearing. There could be more than $300 million in cost savings in the deal."

Before the latest ICE offer emerged, NYSE Euronext's shares had fallen by nearly a third since ICE and Nasdaq launched their thwarted joint bid.

The New York Stock Exchange, known as the Big Board and the symbol of U.S. capitalism, has seen its clout fade as new technology and the rise of private trading venues run by Wall Street banks and brokers cut its margins.

Founded in 2000 as a U.S. electricity trading platform backed by Wall Street banks and energy traders, ICE is the product of a string of acquisitions, from the London-based International Petroleum Exchange in 2001 through the New York Board of Trade and, most recently, a handful of smaller deals, including a climate exchange and a stake in a Brazilian clearing house.

Read More..

FBI offering $50,000 for help in capturing prison escapees

The FBI is offering a $50,000 reward for information leading to the capture of two convicted robbers who rappelled down the side of a high-rise federal jail in the South Loop, scurrying some 15 floors to freedom on a rope made of bedsheets.

The FBI announced the reward in a brief statement this morning. It said anyone with information can call 312-421-6700.

The daring, carefully planned escape from the Metropolitan Correctional Center Tuesday by Joseph "Jose" Banks and Kenneth Conley shocked federal law enforcement officials who scrambled to find the two violent bank robbers on a desperate run.

FBI spokeswoman Joan Hyde says there are no developments to report this morning. "Unfortunately, we don't have any new news," she said. "Our focus is still primarily on the Chicago metropolitan area."

The hulking federal jail with its narrow slits for windows has defied escape attempts. This marked only the second successful one and the first in almost three decades. Just three years ago, however, a brother of a famous Hollywood director was caught with 31 feet of roped bedsheets in his cell.

The two escapees made for memorable bank robbers — Banks for his goofy disguises and Conley for flaunting his cash loot a short time later at the strip club where he worked.

Banks and Conley were present for a 10 p.m. check Monday, but by 7 a.m., MCC employees arriving for work saw the crudely wrapped rope dangling on the south side of the building, still swinging in the wind.

Guards found the window in their cell broken and the makeshift rope tied to its bars, federal authorities revealed late Tuesday in filing escape charges against the pair. Numerous articles of clothing and sheets were piled under a blanket in both their beds to make it appear they were asleep for the standard overnight bed checks.

In addition, authorities found metal bars from the window in a mattress as well fake bars in the cell, suggesting the two had gone to some lengths to cover their tracks as they prepared their escape.

But exactly how Banks and Conley slipped through a window just 5 inches wide was not immediately clear.

"You've got to be a contortionist to pull that one off," said Scott Fawell, a top aide of convicted former Gov. George Ryan. Fawell spent about eight months at the MCC for corruption.

However, one law enforcement source said Banks and Conley may have removed a cinder block from beneath the window to make a bigger opening to slip out.

The jail, at 71 W. Van Buren St., was placed on lockdown after the break was discovered and visits with inmates were canceled, according to several criminal defense attorneys who had planned to meet with clients. The facility, which is operated by the U.S. Bureau of Prisons, opened in 1975 and houses about 700 inmates.

Conley and Banks were last seen in suburban Tinley Park and are believed to be together. Banks, 37, was described as black, 5 feet 8 inches tall and weighing 160 pounds, while Conley, 38, is white, 6 feet and 185 pounds.

Banks could have as much as $500,000 stashed away, according to testimony at his trial. He stole a combined $589,000 in two robberies, but only about $80,000 had been recovered or accounted for through Banks' purchases, prosecutors said.

The FBI called Banks one of the most prolific bank robbers in Chicago history, saying at the time of his arrest in 2008 that he was suspected in about 20 heists. However, he was charged in only two bank robberies and two attempted holdups. A jury convicted him on all counts last week.

An aspiring clothes designer, Banks was caught on bank surveillance tapes in 2007 and 2008 jumping bank counters and directing employees to empty vaults while wearing a fake beard. He was dubbed the Second Hand Bandit because of the discount clothing he wore during the robberies.

On the day he was scheduled to go to trial in late October, Conley abruptly pleaded guilty to robbing a Homewood bank in 2011 while brandishing a pistol and threatening a teller.

"If you don't give (the money) to me, I will put them in your head," he allegedly said.

Conley then went to the Chicago Heights strip club where he worked while still dressed in the black suit and white tie he wore during the holdup, flashing cash around, prosecutors alleged. He paid off a $400 debt before telling co-workers he was jetting off to Bermuda, according to the charges.

Conley, incarcerated at the MCC since October 2011, faces a maximum 20 years, while Banks, who has been in custody since 2008, could be hit with an 80-year sentence. An escape conviction carries a maximum penalty of five years in prison.

Early in the day the search for the duo zeroed in on Tinley Park, where Conley lived and where the two had last been spotted, authorities said. SWAT teams searched the home of a Conley relative, but the investigators missed the two by a few hours, authorities said.

Helicopters hovered above the southwest suburb and streets were blocked by police squads as the search continued. The SWAT team walked the nearby streets with dogs as neighbors followed behind, snapping pictures with their phones. About two blocks down, the officers searched the Metra stop.

In the wake of the deadly school shooting in Newtown, Conn., Tinley Park officials notified local schools and dispatched police officers to school buildings closest to where the search was under way.

Federal and local law enforcement also charged into Conley's old strip club, Club 390, surprising staff and patrons, in an attempt to find him, staff said.

FBI agents first showed up at the Chicago Heights club early Tuesday morning, hours before its 11 a.m. opening. The agents questioned an employee who told them she hadn't seen Conley, staff said.

Sheriff's deputies returned around 1 p.m., bursting into the club in police gear and scattering the lunch crowd, employees said. A few officers questioned staff and searched the building, including the dancers' dressing room and women's bathroom. Plainclothes officers remained seated in the darkness at the periphery of the stage around 3 p.m.

A mug shot of Conley was posted near the cash register at the bar.

Authorities were chasing numerous tips into the night Tuesday, but the search so far remained focused on Chicago and the suburbs.

A woman who answered at the home of a relative of Conley said the day's events were "very upsetting for everyone" and declined further comment.

The Banks family learned of the escape while watching the morning news, said Banks' cousin, Theresa Ann Banks, who pleaded for her cousin to turn himself in.

"I just don't want to see him get hurt or killed," she said in a shaky voice. "(The family) is trying to hold themselves together. We just have to have faith in God and hope everything goes right."

Banks represented himself at the trial, challenging U.S. District Judge Rebecca Pallmeyer so much that he was briefly strapped into a restraint chair during the trial. In court filings, he identified himself as "Joseph Banks-Bey," a Moorish national, and made legal filings defying the court's jurisdiction.

He offered a long, rambling closing that Pallmeyer finally cut off because Banks would not stop making wild accusations that the government had "trumped" up the charges and rigged photo lineups in the case.

The law enforcement source said security had been stepped up for Pallmeyer and the prosecutors involved in Banks' trial.

Tribune reporter Adam Sege contributed.

Read More..

A Minute With: Jessica Chastain on “Zero Dark Thirty”

NEW YORK (Reuters) – Jessica Chastain carries the weight of starring in one of the year’s most anticipated films, “Zero Dark Thirty,” about the decade-long hunt and eventual killing of Osama bin Laden.

Critics say Chastain pulls it off seamlessly as “Maya,” based on a real-life CIA agent who played a major role in tracking down bin Laden at his hideout in Pakistan.

As the film opens in limited U.S. release on Wednesday, Chastain, who is tipped as a likely best actress Oscar nominee for the role, talked to Reuters about playing a character she could not meet and why the film is an important look at America’s role in a dark war.

Q. What did you think when you saw this film finished?

A. “It is a tough one for me to watch, because there is so much responsibility with playing this woman. I find her to be incredible. And I didn’t want to change her story or make her a Hollywood version, with a lot of makeup. I didn’t want to trivialize what she did … I want her to like it, but I don’t know if she will ever see it.”

Q. How did you play someone you had never met?

A. “There was three months of working with (screenplay writer) Mark Boal, doing research, reading lists and talking to people. And then anything I could not solve through research, like what is her favorite candy – ’cause when we are all overseas we have something we do when we are homesick – I had to answer that question myself.”

Q. Boal hasn’t gone into too much detail about her?

A. “We have to protect her because she is an undercover CIA operative, still working.”

Q. What else did you know about her?

A. “When we finished the movie, when the Navy Seal book ‘No Easy Day’ came out. I raced to go read it, because I was like, ‘I need to know if my character is in the book!’ And they talk about Jen, the young CIA girl. Well, everything matched up. She was the only one that said 100 percent ‘he is there.’… They talked about how she had been on it close to a decade and they were only on it for 40 minutes. They said she was crying on the airplane afterwards.”

Q. During filming, were you ever worried about your safety, that the film might be misconstrued?

A. “As an actor you always worry about that. Because you think, maybe someone will see a film and they won’t understand the difference between acting and reality. The good thing is, what (director Kathryn Bigelow) and Mark have done, is that they have not made a propaganda film. They tried to make it as authentic as possible and respectful of the actual historical event as they could. That includes showing the intense interrogation techniques that were used. The end of the film – it’s not a lot of fist pumping and saying, ‘Here is our journey over 10 years and it was so difficult and we finally did it.’ It ends actually on a very different note.”

Q. Can you elaborate on that?

A. “Well, for me the whole thing is about the arc of this woman. She shows up in the beginning and she is wearing her best suit. She thinks she knows what she is in for, and she is completely out of her element. But over the 10 years, this woman, who has been trained to be unemotional and analytically precise … we see her struggling to keep it contained for 10 years and as she descends down the rabbit hole of the world she is in.

“So finally at the end when she is asked, ‘Where do you want to go?’ there is no way to answer that question. … She has no idea where she belongs, now that this is done. But not only does it speak in terms of that, but the movie ends with that question – where do you want to go? Where do we go now as a country? Where do we go as a society? It is not a movie that ends with an answer, and I find that powerful.”

Q. How did you cope with filming the torture scenes?

A. “We filmed in a real Jordanian prison, in the middle of nowhere. The environment wasn’t great, especially as a woman.

“They had a lot of trust between the actors, nothing was dangerous or unsafe. There was a lot of discussion to make sure that we weren’t doing something that was going to be salacious. They just wanted it to be accurate.

“I know I am playing a character who has trained to be unemotional. But I have spent my entire life allowing myself to be emotional, and allowing myself to feel everything. … There was actually one day that we were doing a scene, and I said, ‘I am sorry’ and I just had to walk away, and I just started crying … it was a very intense experience.”

Q. You are a top chance for Oscar nomination. Would that be more or less rewarding for this role?

A. “Because she is still an active member of the CIA and undercover, she can’t take credit for what she’s done. … And by making this film, it is my idea as a way of thanking her. It would be very emotional because of that.”

Q. You compare your character to getting lost down a CIA rabbit hole. What about your own dizzying rise as an actress?

A. “That’s a good question. I do think that next year I need to go somewhere for a month and be in a room by myself and be like, ‘Ok, what now Jessica?’ But I am nowhere near where she was at the end of this mission.”

(Reporting By Christine Kearney, editing by Jill Serjeant and Doina Chiacu)

Movies News Headlines – Yahoo! News

Title Post: A Minute With: Jessica Chastain on “Zero Dark Thirty”
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Global Update: African Children Still at Risk of Pneumonia Despite Ceramic Stoves

Small ceramic indoor stoves, such as those sold by women in AIDS self-help groups in Africa, do save fuel and cut down on eye-irritating smoke, a new study has found — but they do not save children from pneumonia.

The study, published in The American Journal of Tropical Medicine and Hygiene, compared 168 households in rural Kenya that used either “upesi jiko” stoves or traditional three-stone indoor fires. The former — the name means “quick stove” in Swahili — has a locally made ceramic firebox that sells for $3. Clay and mud must be built up around it to insulate it and support the pot.

Since it uses less wood, it saves local forests. But it has no chimney, so the smoke stays indoors.

Biweekly visits by researchers found that children in both the stove and open-fire homes got pneumonia equally often. Pneumonia is a leading cause of death for infants in poor countries, and a 2008 study showed that the fine particles and toxic gases in cooking smoke inflame their lungs, doubling the pneumonia risk.

Two years ago, Secretary of State Hillary Rodham Clinton committed $50 million in American aid to help the Global Alliance for Clean Cookstoves get 100 million efficient stoves into households by 2020. But experts are still divided over which stove to pursue; chimneys do not solve all the problems, and stoves with fans burn more cleanly but are expensive and fragile.

Read More..

U.S. to sell GM stake in 15 months

The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.

GM said Wednesday it will spend $5.5 billion to buy back 200 million shares of its stock from the Treasury by the end of this year. The government, in turn, plans to sell its remaining stake of 300 million shares on the open market over the next 12 to 15 months.

GM will pay $27.50 for each share, about an 8 percent premium over Tuesday's closing price of $25.49. The shares shot up more than 8 percent in premarket trading to $27.57.

The deal almost certainly means that the government will lose billions on a $49.5 billion bailout that saved GM from being auctioned off in pieces during the financial crisis in 2008 and 2009. GM's buyback will cut the Treasury's stake to 19 percent from 26.5 percent. For it to break even, Treasury would have to sell the remaining 300 million shares for average of about $70.

For GM, getting the government out of its business removes a major business obstacle. GM Chief Financial Officer Dan Ammann told reporters that GM has market research showing that government ownership has held down sales of the company's cars and trucks.

"This is fundamentally good for the business," he said at a hastily called news conference Wednesday morning.

The government got its stake as part of the bailout of GM that began nearly four years ago.

The Treasury Department said in a statement that it would sell the remaining 19 percent stake "in an orderly fashion" within the next 12 to 15 months, subject to market conditions.

Treasury said it will have recovered more than $28.7 billion of its investment through repayments of loans, sales of stock, dividends, interest and other income after GM buys back the 200 million shares. But that leaves Treasury about $21 billion short of recouping its investment.

In 2008 and 2009, the U.S. Treasury bailed out GM to help stabilize and restructure the company at the trough of the financial crisis. The bailouts of GM and Chrysler were part of the $700 billion Trouble Asset Relief Program created by Congress during the financial crisis in the fall of 2008.

"The auto industry rescue helped save more than a million jobs during a severe economic crisis," said Timothy Massad, Treasury's assistant secretary for financial stability. "The government should not be in the business of owning stakes in private companies for an indefinite period of time."

Massad said that exiting the GM investment "is consistent with our dual goals of winding down TARP as soon as practicable and protecting taxpayer interests."

Although GM is paying a premium for the government shares, Ammann said it's still a good deal for GM shareholders. The number of shares on the market will reduced about 11 percent, which should increase the value of the remaining shares.

The move was approved by the GM board on Tuesday evening after the company got opinions from its management and financial advisers, GM said.

Government-ordered pay restrictions will remain in effect. But a ban on corporate jet ownership and requirements on manufacturing a certain percentage of GM cars and trucks in the U.S. will be lifted. GM says it already has exceeded the manufacturing requirements and will continue to do so for the foreseeable future.

The company said it has no immediate plans to buy or lease corporate jets.

Read More..

SWAT teams enter home in search for prison escapees

Chicago Tribune reporter Rosemary Regina Sobol has the latest details of two convicted bank robbers who escaped from the Metropolitan Correctional Center in downtown Chicago early this morning. (Posted on: Dec. 18, 2012.)

SWAT teams forced their way into a home in Tinley Park as authorities searched for two convicted bank robbers who escaped this morning from the federal Metropolitan Correctional Center in the Loop this morning.

No one was found in the home in the 6600 block of 175th Street, where a relative of one of the escapees, Mark Conley, is believed to live. But FBI officials said they believe Conley and the other inmate, Joseph "Jose" Banks, were there hours earlier.

FBI agents, joined by Tinley Park and Cook County sheriff's deputies, had gathered in a church parking next to the home as officers closed off local streets around 11 a.m. SWAT teams arrived soon afterward and officers, armed with assault rifles, entered the two-story wood frame home

Canine units could be seen going in and out of the home as a crowd of plainclothes officers stood outside during the search. The home is a block off Oak Park Avenue, a main street in Tinley's historic downtown.

Conley and Banks, known as the Second-Hand Bandit who was convicted just last week, were discovered missing from their cell at the federal jail at 71 W. Van Buren St. around  8:45 a.m., according to Central District Police Sgt. Michael Lazzaro. The inmates were last checked at 5 a.m., he said.

A rope could be seen dangling from about 15 stories up along the south side of the MCC, but police would not say whether it was involved in the escape. The rope appeared to be pieces tied together.

The two were reportedly last seen in the Tinley Park area, according to the FBI. It said they should be considered armed and dangerous.

Police cars also raced to the Greyhound station and checked passengers against photos of the inmates, officials said. No arrests were reported there.

Banks was described as black, 37, 5 feet 8 inches tall and weighing 160 pounds. Conley is 38, 6 feet and 185 pounds.

Banks, known as the Second-Hand Bandit, was convicted last week of two bank robberies and two attempted holdups. He made off with a nearly $600,000 in the heists, and authorities say $500,000 is still unaccounted for.

Banks was an aspiring clothing designer who claimed to be a "sovereign citizen" who could not be tried in a federal court. He acted as his own attorney and had to be restrained during his trial.

During closing arguments, Banks repeatedly interrupted Assistant U.S. Attorney Renato Mariotti, commenting on the evidence and suggesting photo lineups were rigged. Mariotti raised his voice over the interruptions to remind the jury of the evidence at trial, including $40,000 found in Banks' safe deposit box as well as a fake beard he wore in the robberies.

Security footage played for jurors showed Banks jumping bank counters and wielding a handgun as he ordered employees to open vaults and ATMs at the banks. In one video, a bank worker was shown hyperventilating on the floor of a cash room, clutching his chest and neck.

The other suspect was identified as Ken Conley, who pleaded guilty last October to robbing nearly $4,000 from a Homewood bank last year. He had lived in Tinley Park.

Conley robbed the MB Financial Bank branch at 2345 W. 184rd St. in Homewood on May 13, 2011. A floor host at a Chicago Heights strip club, he went back to work hours later to repay $500 he owed another club employee, authorities said. He was flashing a large amount of cash and was wearing the same black suit and white tie the bank robber wore, according to the criminal complaint.

Conley was caught by Chicago Heights police when he pointed a gun at someone while driving a gold Land Rover. Officers noticed he resembled the surveillance photos of the man who robbed the Homewood bank. Although the bank teller identified him and he was interviewed by authorities, he fled to California and was arrested there in September 2011.

A woman who answered at the home of a relative of Conley said it was "very upsetting for everyone" and declined further comment.

The last escape at the MCC was in 1985 when two convicted murderers enlarged a sixth-floor window and climbed down a 75-foot electrical cord attached to a floor buffer.

Bernard Welch and Hugh Colomb used a bar from exercise weights to knock out concrete and used hacksaw blades to cut metal away, enlarging a 3-inch window slit. The blade had been smuggled into the jail, authorities said.

Welch was serving a 143-year sentence for the 1980 murder of Dr. Michael Halberstam, a Washington, D.C. cardiologist and brother of Pulitzer Prize-winning author David Halberstam.

Colomb was convicted of killing an inmate and assaulting a guard in the federal penitentiary in Marion.

Both men were apprehended months later.

rsobol@tribune.com

Twitter: @RosemarySobol1

Read More..