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‘Crown’ has been vacated for far too long

Written By Unknown on Senin, 02 Juni 2014 | 10.46

We should blame all of this on Spectacular Bid.

We'll get there in a minute …

This is how embedded in the national conscience the Sport of Kings was in those days: In the summer of 1978, when it seemed the Yankees were destined to fruitlessly pursue the Red Sox, somebody asked Reggie Jackson about his team's predicament.

Jackson, rarely at a loss for words or metaphors, shook his head ruefully as the Sox's lead reached 14 games.

"Even Affirmed," Jackson said, "couldn't catch the Red Sox."

Affirmed had spent the spring thrilling America, winning the Kentucky Derby, Preakness and Belmont Stakes by a length, a neck and a nose over Alydar, steered to glory by the most famous jockey of the day, Steve Cauthen.

It was a sporting year that would feature three great rivalries culminating the two most popular sports: Red Sox/Yankees followed by Yankees/Dodgers in baseball, Steelers/Cowboys in football.

And yet for most of it, the rivalry of choice for many was two horses. Johnny Carson cited Alydar-Affirmed in his monologue, Jimmy Carter in a press conference.

And Reggie Jackson in a concession speech.

Those were glorious years. Racing had endured 25 empty, Triple Crown-free years between Citation's win in 1948 and Secretariat's in 1973. Some even speculated it had become impossible to expect any modern horse to be able to endure that gauntlet, especially the Belmont's torturous mile-and-a-half test.

Secretariat, of course, changed that thinking. It is my earliest sporting memory: my living room in West Hempstead, my father screaming at the television screen, urging on a horse for one of the few times in his life that he didn't have a wager on, all in the name of history. I was 6, and I had never seen him get so worked up over a sporting event before. So I got worked up, too.

All over the county, as Ron Turcotte kept urging him on, as Secretariat's lead grew fantastically — five lengths, 10; 15 and 20 and 25 and, at last, 31 — the same scene was played out in thousands of houses, apartments, saloons. There were 5,617 people who held betting slips with Secretariat to win who never cashed them — the souvenir far more valuable than the $2.20 paid on a $2 bet.

By 1979, this had become virtually an annual spring ritual, in my house, in OTB parlors, at racetracks. Seattle Slew won all three in 1977, and then Affirmed had his spring in the sun in '78, and after three crown winners in six years it seemed ridiculous to remember a time when the very notion had seemed obsolete.

Then came Spectacular Bid and, man, was he something to behold. Some thought he was Secretariat's equal. He blitzed the field in Louisville, did the same in Baltimore. This was 1979, remember, so it was still the time of Muhammad Ali: brash, bold, enlivened with self-confidence. It was still the time of the Reggie's Bronx Zoo (as Billy Joel had sung in "Zanzibar" the previous year "… but the Yankees grab the headlines every time …")

And Spectacular Bid had a little bit of both. Maybe the horse couldn't talk about himself being the straw that stirred the drink, but his jockey, 19-year-old Ronnie Franklin, surely could: "We're a cinch," Franklin said of Bid's chances of winning the Belmont, making it three Crown winners in a row.

Why not? Bid had won 12 races in a row. It wasn't a matter of if he would win in Elmont, but by how much. But, like inside the Yankees clubhouse, there was trouble percolating within: a few days before the race, Franklin and Angel Cordero got into a fight in the jockeys prep room, and Franklin took a fine for that. Early in the race, Franklin took an aggressive rout with the horse, and some would later speculate it was his (or trainer Bud Delp's) mission to try and recreate Secretariat's victory lap.

But that never happened. It turned out that earlier in the day, Spectacular Bid had stepped on a safety pin, the pin embedded in a hoof, and that led to an infection and a clearly impaired horse. Bad luck? Bad karma? You decide. Coastal won. Spectacular Bid finished third, one of only four times in 30 career starts he wouldn't close the deal.

Almost eight miles due east, in that same living room in West Hempstead, I ceremonially tore in half the OTB ticket my father had bought for me. No payoff. No souvenir.

Thirty-five years later, California Chrome will try to serve as his sport's version of the bloody sock, his sport's Messier, trying to foil its jinx, its hex, its pox, its curse, something that was beyond the reach of Pleasant Colony and Alysheeba and Sunday Silence, Silver Charm and Real Quiet and Charismatic, War Emblem and Funny Cide, Smarty Jones and Big Brown.

Maybe racing can never elbow its way back to where it used to be — center stage in our living rooms, up front in our imaginations. But it would be nice to see it try. It's been long enough.


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Zuccotti presses for 3 WTC development

Brookfield Office Properties co-chairman John Zuccotti wants to see 3 World Trade Center built soon, even though it would create more competition for his own Brookfield Place complex.

While taking no position on the prolonged Port Authority-Larry Silverstein negotiation over financing the project, Zuccotti told us: "I certainly support long-term development of the World Trade Center site."

Zuccotti, one of the city's most respected real estate executives for more than 40 years, continued: "And, having 3 World Trade Center built takes a major step forward to generate the critical mass of street level retail and streetscape to continue to make the [whole] project successful.

"I know that 3 World Trade doesn't finish it, but it's a major step forward and a necessary step."

Zuccotti also said he welcomes the competition that a fully built-out World Trade Center would mean for Brookfield Place, the former World Financial Center, where more than 1 million square feet remain available despite a recent giant lease-signing with Time Inc.

He likened the situation to the one in the far West 30s, where Brookfield's Manhattan West is battling Related Cos.' larger Hudson Yards complex for tenants. Hudson Yards has a head start with two towers under construction for users, including Coach Inc. and Time Warner.

"While we and [Related chief] Stephen Ross are competitors on the West Side, the success of each enhances the value of the other," Zuccotti said. "It's the same thing between us and Larry."

Zuccotti offered no specific timetable or financing strategy for 3 World Trade Center. His remarks were necessarily guarded.

Publicly traded Brookfield has business with the PA. Also, it's competing for tenants downtown not only with Silverstein but also with the PA and the Durst Organization, which own 1 World Trade Center.

Yet Zuccotti didn't have to say anything at all. His perspective is strikingly different from those of certain developers who are trying to undercut Silverstein.

Perhaps it's because Brookfield Place, where a $250 million redesign is ongoing, has enough work to do filling offices and a new retail portion without having an unfinished Ground Zero construction site indefinitely on its doorstep.

But just as likely, it's because Zuccotti, who's seen it all, knows that development needn't be a zero-sum game — and that what's good for one project can be just as good for one next door.


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Inside this season’s bridal magazines

With Kim and Kanye's "golden toilet" tower and headless nude statues top of mind, we take a look at the bridal mags as we head into peak wedding season.

The Knot was a Web site first and magazine second. Staff are listed on the masthead along with their Twitter handles, while features such as "10 Biggest Wedding Planning Blunders to Avoid" give it a BuzzFeed feel. Along those lines, there are ads masquerading as content like the "Nest," a home insert that looks like it was paid for by Bed Bath & Beyond. We like that you could get through your entire year of wedding planning with just this one edition, which runs the gamut from stories on picking out a dress to choosing places to honeymoon — even though one of them is a promotional special with Sandals-sponsored content. The thin paper stock and a lack of decent narrative detract from the $9.99 cover price. Our advice: Look for it at the nail salon.

For six bucks, Bridal Guide is perhaps the title most geared toward the kind of couples — the anti-Kimyes — who don't buy into the typical spending hysteria that goes with wedded bliss. Most wedding magazines are filled with eye candy and love stories, but Bridal Guide actually has some sensible journalism. The 101 budget tips tell how to cut costs on just about everything. Okay, creating a playlist and using your iPod isn't going to win any prizes, but there's also this: "Make sure the wait staff knows absolutely not to pre-open bottles or clear away glasses from the tables that aren't empty." We wouldn't go so far as to close the bar early and start offering coffee, however.

One of Bridal Guide's honeymoon features offers wallet-friendly alternatives to typical chichi destinations. Want to go to Tuscany? Try Istria (Croatia) instead. Overall, this is a smart magazine with a sensible bride in mind. The cover of Brides boasts it's from the "publisher of Vogue and Glamour," a.k.a. Condé Nast. That suggests it's aimed at girls with dough or marrying it. It opens with a first-person account by Lea Goldman on how a Type-A career girl plans the big day by creating lots of lists and forgetting the fun. Brides chooses socialite Olivia Palermo as its cover girl. She reveals her wedding plans inside (Mr. B., her dog is coming). Elsewhere, Drew Barrymore answers reader questions on juice-cleanse diets. Like all these titles, it has a cover formula based on big numbers: "50 Ways to Save $500," among them. Saving $500 might be the last thing on a Brides reader's mind, however.

If you like traditional, this is your title. Inside Weddings offers advice such as how to maximize time spent doing a registry so as not to bore your guy to tears. Surprise, surprise! The top two editors at this magazine are men who offer a decidedly different perspective. The magazine is an interesting mix of wedding styles. There's the New England nuptials of an HGTV star who went for a modern rustic affair complete with a birch tree-theme cake and a gay wedding at which the couple wore Roman Emperor-style wreaths. One drawback: While Inside Weddings is full of inspirational ideas, its design could use a little refresh.

The New Yorker leads its summer fiction issue with a lively profile of author John Green, whose young-adult blockbuster "The Fault in Our Stars," about a teen couple with cancer, is getting the movie treatment. "Your writing isn't that great," novelist PF Kluge recalls telling Green after rejecting him in an application for his writing class at Kenyon College. Green, who insists he was a "genuinely poor student," took Kluge's advice and started writing the stories he told during smoking breaks, and the rest is history. "We've almost taken too much power away from ourselves" when it comes to grappling with the meaning of life, Green says of adults.

This kind of talk is way too heavy for New York, which chooses to focus instead on Shailene Woodley, 22, star of "The Fault in Our Stars." Emblazoning Woodley on its cover with her actor friend Brie Larson, the magazine declares in an impossibly fluffy profile that the duo are "embraced by Hollywood, yet determined to change it." We had a hard time grasping how their New Age diets and "romantic belief in emotional honesty" are revolutionary or even unusual. Yawn.

Time, meanwhile, attacks the subject of revolution head-on this week, and the battlegrounds are harrowing. A cover story on transgender notes rightly that this demographic represents "America's civil-rights frontier," with profiles of transgender professors, military officers and homecoming queens. There's also a bruising feature on Syria, and the revolution's devastating toll. "Our revolution was stolen," says one Syrian youth. "They turned it from a fight for freedom into an Islamic revolution."


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Soho’s Haus offering glam new nightclub

A new hot spot is mixing it up downtown. Soho's Haus — a restaurant, bar and lounge — hopes to attract the après work cocktail crowd by morphing into a music nightclub.

The 5,300-square-foot three-level space at 285 West Broadway is taking over the former home of the Canal Room in the historic Brunner Building.

The venue by Rawlins Design has 25 tables as well as a 34-foot-long bar. Special features include a 16-foot tin ceiling that can reflect "16.7 million shades of color, all individually controlled with a push of a button by Matrix software," a spokesperson said.

Rael Petit of Mulberry Project will also hold how-to sessions on mixology.


And speaking of night life, the Upper West Side's Empire Hotel now features a revamped 6,000-square-foot rooftop. Level R features a new "state-of-the art" sound and lighting system and DJ booth.


We hear…  that Today's Epicure, a high-end restaurant concierge service, is launching its summer wine feast at its third annual suckling pig dinner Tuesday at Daniel Boulud's DBGB Kitchen & Bar. TE, which helps members land hard-to-get reservations, is offering a complimentary bottle of wine selected by founder Pascal Riffaud when dinners are booked at participating restaurants.


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Michael Jackson: The original music entrepreneur

Dr. Dre owes the King of Pop.

Long before Dre rapped about becoming the first "hip-hop billionaire," Michael Jackson was moonwalking a trail for wannabe music entrepreneurs.

With the fifth anniversary of his death this month, two new books portray the pop star as a shrewd businessman before his fatal overdose in June 2009.

"His business savvy is underrated," said Forbes editor Zack O'Malley Greenburg, the author of "Michael Jackson, Inc." "The money he's making after his death is largely a consequence of what he built in his life."

Jackson was the first pop star to build a brand beyond music, Greenburg argues. He signed a slew of endorsement deals for everything from soda to sneakers, allowing other music artists to enter a field previously dominated by athletes.

Jackson also displayed a keen eye for deals.

He was intent on buying The Beatles publishing rights despite advice to the contrary. Jackson paid $47 million for the rights — now valued at $1 billion.

Thanks to his business savvy, the Gloved One is even more profitable in death. His estate has earned $700 million in the five years since he died, bringing his lifetime earnings to $2.6 billion after adjusting for inflation, Greenburg said.

Jackson also had some missed opportunities. He wanted to buy Marvel Comics with billionaire pal Prince Alwaleed Bin Talal but couldn't pull it off because of complications from Marvel's bankruptcy. Disney bought Marvel for $4 billion in 2009.

Another new book from two of Jackson's personal security detail said his business empire nearly collapsed because of debt and legal liabilities. In "Remember the Time: Protecting Michael Jackson in His Final Days," Bill Whitfield and Javon Beard claim Jackson had numerous advisers but no single person running the show.

Jackson and his heirs are still making bank. His hit "Billie Jean" ranked No. 14 on the Billboard 100 singles chart last week — more than 30 years after its release.

That makes Jacko the first artist to have a Top 10 in five separate decades. His posthumous album "Xscape," was also the third-best selling album last week.


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Gwyneth ‘consciously couples’ with blow dry bar

Written By Unknown on Minggu, 01 Juni 2014 | 10.46

Gwyneth Paltrow, actress, health enthusiast and Goop entrepreneur, is now expanding on her blow-dry bar career.

Paltrow and her longtime stylist David Babaii are partnering with Blo Blow Dry Bar, a franchise operation that has its sights set on global blow-dry bar domination.

Paltrow had opened a blow-dry bar with Babaii and her trainer, Tracy Anderson, at one of Anderson's locations in California, but this is a new partnership.

Blo CEO Ari Yakobson said he met Babaii and Paltrow a few months ago and was impressed by her business acumen.

"She has ideas on everything, from the look and the feel of the bars to the website and hairstyles we will offer," he said, adding she also has ideas about growth and markets the company will pursue.

Blo has three bars in Manhattan and one on Long Island and plans to open dozens more in New York soon. The company is also in Connecticut and other states.


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Time for Fortune and Money to have new websites

Fortune and Money, which are losing their anchor positions at CNN­Money.com due to the imminent spinoff of Time Inc. from Time Warner, are launching new websites on Sunday.

For the first time, the two magazines are splitting up. The Money.com URL will direct readers to the Time.com site, where Money will be housed.

Fortune.com will be a stand-alone site.

CNNMoney gets to keep the "Money" name in its title for a site that generated 17.6 million unique visitors on all platforms in April, up 10 percent from April a year earlier.

"It was a nice arrangement while it lasted, but we were never able to optimize the Fortune brand on the Web," said Fortune managing editor Andy Serwer, who has brought in about two dozen digital journalists raided from other financial online sites to staff the launch.

Money is jazzing up its site with a month-long theme, Money & Love, with videos, quizzes and even a show inspired by ABC's "Newlywed Game" of the '70s. "We want to have a little more of a playful attitude, grab you, draw you in and teach you something along the way," said Craig Matters, managing editor of Money.

Jed Hartman, worldwide group publisher, said that the sites are not going to market with a specific traffic goal. But he points out that when Sports Illustrated ditched its partnership deal with Turner Sports Network, its traffic actually increased.

While the financial field is viciously competitive, he points out that eight of the top 15 traffic generators at CNNMoney were tied to either Fortune or Money. Money's Best Places to Live was the top traffic generator, while the Fortune 500 release was the No. 2 traffic generator, he said.

This Monday is Fortune 500 day for the print edition, which should give a large boost in Web traffic to the new site.

Hartman said that Fortune has nine native advertisements — ads that mimic the look and feel of editorial material — slated to run in the coming weeks. He said each will be clearly marked as "content from" and the name of the advertiser

"For all intents and purposes, Fortune.com has sold out its advertising for the month of June," he said.


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Oracle founder pulled out of Clippers auction

The sixth-richest man in America is not willing to overpay to own a pro basketball team.

Oracle founder Larry Ellison — contrary to published reports — pulled out of the auction for the embattled Los Angeles Clippers franchise last week without making an offer.

The rest of his quickly assembled bidding group, including David Geffen and Oprah Winfrey, bid by Wednesday's deadline on their own without Ellison, a source with direct knowledge of the situation told On the Money.

Shelly Sterling accepted ex-Microsoft chief executive Steve Ballmer's $2 billion offer for the team last Thursday.

Ellison has shown restraint when bidding for basketball teams before.

In 2010, Hollywood power broker Peter Guber outbid him for the Golden State Warriors.

And in 2011, the NBA outbid him for the New Orleans Hornets.

An Ellison spokesman had no comment.


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When’s the right time to buy Apple?

With Apple's stock spiraling higher ahead of a historic 7-for-1 stock split, investors are asking when the right time might be to take a nibble.

Anyone who owns the stock as of close of business Monday will be entitled to six new shares at the end of the day on June 6.

The cheaper share price is expected to attract more buying from mom-and-pop investors who tend to favor bite-size stocks — which doesn't describe Apple's current level of $633 a share.

Three shares at that price, and you've bought yourself a weekend for two in Miami. Six shares at around $90 — after the split — are more palatable for small investors.

But before jumping in ahead of the split, investors should know that Apple's stock may get cheaper after Monday, thanks to Apple's so-called Worldwide Developers Conference for app creators.

According to research from Walter Piecyk of BTIG Research, Apple shares tend to rise an average of 4.1 percent leading up to the conference, which kicks off on Monday.

The stock then falls between 1.4 percent on the day of the conference and 1.5 percent the day after, according to Piecyk. One month after the conference, the stock is down an average of 1.4 percent, Piecyk's research shows.

Apple's shares have been soaring in recent weeks — thanks in part to excitement over the stock split. The stock is up nearly 13 percent this year, and last week it hit a 52-week high of $644.

Of course, every year is different and Wall Street is hinting that new products could send the stock higher. So investors who want a piece of that action might want to get in sooner rather than later.

Last week, Ben Reitzes of Barclays raised his price target on Apple to $655 a share, from $590 a share. His reasoning: Apple "finally seems poised to announce a few new categories," including a smartwatch.

Bernstein Research's Toni Sacconaghi also raised his price target last week, to $700 a share from $615, for similar reasons: new products, including an iWatch.

Indeed, Apple is widely expected to launch two new phones this year, including a 4.7-inch phone and a 5.5-inch "phablet" phone that is expected to be dubbed the iPhone Air.

It's also expected to launch a smartwatch that will replace the iPod and be sold as a fitness/lifestyle tool, analysts have said.

Apple executive Eddy Cue last week also turned up expectations when he vowed that Apple's product line this year is part of the "best product pipeline" he has seen in 25 years with the company.

"I believe certain products we've got coming out are great," he told the crowd at a tech conference in California.


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Cohen’s ex hires 5th lawyer for a clawback

Patricia Cohen, ex-wife of hedge fund titan Steve Cohen, is certainly a handful when it comes to lawyers.

The Washington Heights native has hired yet another lawyer in her explosive case against the billionaire moneyman — marking the fifth time she has changed counsel.

The mother of Cohen's two eldest children is now being repped by famed trial lawyer Gerald Lefcourt (known for clients such as the Black Panthers, Russell Crowe and Harry Helmsley of the Helmsley Hotel) — a move that even her former lawyers applaud.

"If Steve Cohen walks into a room and thinks he's going to outsmart the legendary Lefcourt, he's got another think coming," laughed Paul Batista, who first filed the explosive case in 2009. "I want to see Patricia win."

The civil fraud case claims Cohen, a minority owner of the New York Mets, defrauded Patricia of money in their 1990 divorce. A trial will put Cohen, who's been in the spotlight for systemic insider trading at his SAC Capital, right back in it.


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