Johnson Publishing President Resigns

first_imgChicago-based Ebony and Jet publisher Johnson Publishing Company says Anne Sempowski Ward has resigned as president and COO. In a statement announcing the move, Ward indicated that she will be spending more time with her family and will join her husband in a business consulting venture.“During Anne’s tenure, we underwent significant restructuring and reorganization of the company,” chairman and CEO Linda Johnson Rice says in the statement. “Her contributions have helped to position the company for the future.”When asked if a replacement for Ward will be named, a Johnson spokesperson said: “We are continuing to assess our current internal staffing needs to enhance our senior-level management positions; and as such, we will determine our next steps following our evaluation.” The spokesperson went on to dispel reports that the company might be eying consultant Desiree Rogers for the job. “Ms. Desiree Rogers is not replacing Anne Sempowski Ward. As we’ve stated from the onset of her June 1 role, she serves as a strategic consultant for the company. She is not being considered for president and COO.”Ward [pictured] was named predient and COO in October 2008 after serving as president and COO of Johnson’s Fashion Fair, starting in October 2007. Before that, she served as assistant vice president of African-American marketing for the Coca-Coca Company, and spent more than a decade at Procter & Gamble, where she led several brands and categories.last_img read more

US Luxury Home Sales Surge as Wealthy Investors Cash in on Property

first_imgSales of multi-million dollar homes have surged across the US as wealthy investors hope on cashing in on the bullish upscale property market of the country.Sales of luxury homes priced at a million or more were up 9% nationwide and those priced above $5 million were up 18%, according to property firm Redfin’s latest data. However, sales fell 1% overall.Prices in the luxury property market have also been competitive as inventory gets tighter due to high demand. For the third quarter of 2014, inventory of homes priced above a million dollars was down 13% and of those priced at $5 million and more was down 47%.Luxury properties are selling like hot cakes right now. A prior report cited by The Wall Street Journal found that homes priced above $30 million spent lesser time on the market, selling 30% faster than their average-priced counterparts. The luxury real-estate market was perhaps the fastest to rebound from the 2008 housing market crash.Experts attribute the robust growth in the segment to wealthy investors and their choices.”It’s the investor and the wealthy individual that’s keeping the market alive,” Mark Zandi, chief economist at Moody’s Analytics had told The New Zealand Herald in an interview earlier.”The wealthy buyers, in particular, are fully engaged now. The stock market is up and times are good for them,” he added.Moreover, banks are more willing to lend jumbo mortgages at the existing low rates and investors are rushing to take advantage of this attractive financing option. US banks approved more than 15,000 home loans in the price range of $1 million to $10 million in the second quarter of 2014 alone.”Many people are finding out by accident that they can often get a better rate on a $700,000 mortgage than a $400,000 mortgage. The opportunities for wealthier borrowers are now better than they’ve been in a decade as far as rates and terms,” Guy Cecala, publisher of Inside Mortgage Finance, told The Washington Post.While the US luxury market is showing no signs of a slowdown, the global upscale property segment is growing at a decelerating speed. According to Knight Frank’s latest luxury market report, prices in the World’s leading cities rose just 0.2% in the three months ended September improving just 4% on a year over year basis.Jakarta, Los Angeles and Tel Aviv topped the Knight Frank Prime Global Cities Index, Q3 2014 list.last_img read more

People pay homage to Holey Artisan victims

first_imgPeople offer flowers to pay their respect to the victims of Holey Artisan Bakery on Sunday in capital`s Gulshan-2. Photo: Abdus SalamPeople from all walks of life on Sunday paid their respect to those who lost their lives in the Holey Artisan Cafe terror attack on 1 July, 2016, says UNB. Representatives from various political parties, foreign and diplomatic missions, police and Rapid Action Battalion (RAB) paid their respect to the attack victims in the morning.Japan ambassador in Dhaka Hiroyasu Izumi, Italian ambassador in Dhaka Mario Palma, representative from Australia embassy, Dhaka Metropolitan Police commissioner Asaduzzaman Mia, RAB director general Benazir Ahmed paid their homage to the victims of the terror attack.Besides, a delegation of Awami League led by its general secretary Obaidul Quader paid their homage to the victims around 10:25am.Employees of foriegn embassies also pay respect to the victims of Holey Artisan Bakery on Sunday in capital`s Gulshan-2. Photo: Abdus SalamMeanwhile, a delegation of Bangladesh Nationalist Party (BNP) led by its vice-chairman Ruhul Alam Chowdhury paid their respects to the victims around 1:30pm.Twenty-two people-nine Italians, seven Japanese, one Indian, one Bangladesh-born American and two Bangladeshis-were killed in the terror attack on the upscale restaurant on 1 July, 2016.A case was filed with Gulshan police station in connection with the terror attack. Later, the case was shifted to the Detective Branch of Dhaka Metropolitan Police.last_img

ExAL leader AMSA joins Gano Forum

first_imgAMSA AminAhead of the 11th parliamentary elections, former Kurigram Awami League leader retired major general AMSA Amin joined Kamal Hossain-led Gano Forum on Saturday.He joined Gano Forum, a key component of one of BNP’s alliances Jatiya Oikya Front, at a programme at Kamal Hossain’s Motijheel chamber around 1pm.Kamal Hossain welcomed Amin, Gano Forum media wing member Latiful Bari Hamim told UNB.Senior Gano Forum leaders, including its executive president Subrta Chowdhury and general secretary Mostafa Mohsin Montu, and Jatiya Oikya Prokriya leader Sultan Mohammad Mansur were, among others, present.Amin contested the 2001 election with Awami League ticket from Kurigram-2 constituency but could not come out successful.On 19 Nov, ten retired defence officers formally joined Gano Forum.Earlier, Reza Kibria, son of slain former Awami League finance minister Shah AMS Kibria, joined the party and submitted its nomination paper to Kamal on Sunday to contest the 30 December parliamentary polls under Jatiya Oikya Front from Habiganj-1 constituency.last_img read more

New Algorithm Ranks Sports Teams like Googles PageRank

first_img Explore further Who’s in first? Physicists develop new football ranking system © 2009 PhysOrg.com More information: http://www.thepowerrank.com/ “A few years ago, I got interested in the technology behind Google’s search engine,” Feng told PhysOrg.com. “After looking into the PageRank algorithm, I realized it had the same origin in random processes that I use in my research every day… I thought suitable modifications of the algorithm should apply to ranking sports teams.”As Feng explains, the Power Rank algorithm requires only two parameters: the game score and the home field advantage (in the NFL, the home field advantage is considered to be three points). “There is no human bias, no memory of last season, and no style points,” he said. The idea is that this neutral ranking method can provide more accurate results than other methods, such as the simple win-loss record. For example, the Power Rank method ranks New England in third place in the NFL (behind New Orleans and Indianapolis); while these top two teams both have 12-0 records, New England’s record is 7-5. In contrast, Jacksonville, which also has a 7-5 record, is ranked 20th of 32 teams.To determine these rankings, the Power Rank algorithm is based on the concept of a network, where the nodes are the teams and the links between nodes are defined by games played between those teams. When two teams play each other, a number is assigned to the link (arrow) between those teams, based on the score and location of the game. The number is an estimate of the probability that the team at the head of the arrow beats the team at the tail on a future neutral site. A larger margin of victory implies a higher number on the edge from loser to winner. (There are two arrows between each pair of teams, with the arrows pointing in opposite directions, and the numbers on each arrow add up to 1.00, or 100%).Then, based on all the games in the league, each team receives a value. The teams are ranked in order by their values, similar to how Google’s PageRank algorithm ranks webpages. For example, in PageRank, a website becomes highly ranked when other highly ranked websites link to it; similarly, teams earn their rank by beating other highly ranked teams. The average value of the league is zero, so that teams with a positive (negative) value are slightly better (worse) than the average team.On the Power Rank website, Feng gives some examples to demonstrate how the algorithm works. In the NFL, suppose that San Francisco beats Chicago 55-21, Chicago beats New York 23-20, and New York beats San Francisco 35-32, with each team winning at home. If an algorithm only considered wins and losses, the three teams would be ranked equally since they each have one win.However, the score of each game gives additional information, which the Power Rank algorithm uses. The results of the algorithm are shown in the figure above. With this basic information, the Power Rank algorithm has attempted to sort out the contradiction that San Francisco beat Chicago but also lost to New York, who Chicago beat. Of course, the team’s values are based on only two games, so the values are probably not very accurate until more games are played.On the Power Rank website, Feng currently has a list of all 120 NCAA college football teams, as well as a list of all 32 NFL teams ranked by the algorithm. So far, he has not compared the algorithm’s predictions to individual game results, but he plans to do so soon. In addition, Feng plans to apply the algorithm to international soccer before next year’s World Cup. Although it may be tempting to use the Power Rank algorithm to predict individual games, Feng explains that the purpose of the algorithm is primarily to rank teams, not for guessing the future.”It is impossible to predict the outcome of a single game,” Feng said. “There are so many arbitrary factors to take into consideration, such as injuries. The Power Rank is truly about ranking teams based on how they have performed in the past. The ability to predict future outcomes based only on past scores serves to validate the rankings.” This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. (PhysOrg.com) — Sports fans may be interested in a new system that ranks NFL and college football teams in a simple, straightforward way, similar to how Google PageRank ranks webpages. The new sports algorithm, called the Power Rank, is being developed by Ed Feng, a researcher in statistical mechanics at Sandia National Laboratory, although this project is independent of his work at Sandia. An example of the Power Rank algorithm: if San Francisco beats Chicago 55-21, Chicago beats New York 23-20, and New York beats San Francisco 35-32, the resulting network is shown on the left, and the teams’ values on the right. Credit: Ed Feng. Citation: New Algorithm Ranks Sports Teams like Google’s PageRank (2009, December 15) retrieved 18 August 2019 from https://phys.org/news/2009-12-algorithm-sports-teams-google-pagerank.htmllast_img read more