Global Update: GlaxoSmithKline Tops Access to Medicines Index

Sang Tan/Associated Press

GlaxoSmithKline hung on to its perennial top spot in the new Access to Medicines Index released last week, but its competitors are closing in.

Every two years, the index ranks the world’s top 20 pharmaceutical companies based on how readily they get medicines they hold patents on to the world’s poor, how much research they do on tropical diseases, how ethically they conduct clinical trials in poor countries, and similar issues.

Johnson & Johnson shot up to second place, while AstraZeneca fell to 16th from 7th. AstraZeneca has had major management shake-ups. It did not do less, but the industry is improving so rapidly that others outscored it, the report said.

The index was greeted with skepticism by some drugmakers when it was introduced in 2008. But now 19 of the 20 companies have a board member or subcommittee tracking how well they do at what the index measures, said David Sampson, the chief author.

The one exception was a Japanese company. As before, Japanese drugmakers ranked at or near the index’s bottom, and European companies clustered near the top. Generic companies — most of them Indian — that export to poor countries are ranked separately.

Johnson & Johnson moved up because it created an access team, disclosed more and bought Crucell, a vaccine company.

The foundation that creates the index now has enough money to continue for five more years, said its founder, Wim Leereveld, a former pharmaceutical executive.

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DealBook Column: For Buffett, the Long Run Still Trumps the Quick Return

“If somebody bought Berkshire Hathaway in 1965 and they held it, they made a great investment — and their broker would have starved to death.”

Warren E. Buffett was sitting across from me over lunch at a private club in Midtown Manhattan last week, lamenting the current state of Wall Street, which promotes a trading culture over an investing culture and offers incentives for brokers and traders to generate fees and fast profits.

“The emphasis on trading has increased. Just look at the turnover in all of the stocks,” he said, adding with a smile: “Sales people have forever gotten paid by selling people something. Generally, you pay a doctor for how often he gets you to change prescriptions.”

Mr. Buffett, 82, is famous for investing in companies that he sees as solid operations and essential to the economy, like railroads, utilities and financial companies, and holds his stakes for the long run. The argument that the markets are better off today because of the enormous amount of liquidity in the stock market, a function of quick flipping and electronic trading, is a fallacy, he said.

“You can’t buy 10 percent of the farmland in Nebraska in three years if you set out to do it,” he said. Yet, he pointed out, he was able to buy the equivalent of 10 percent of I.B.M. in six to eight months as a result of the market’s liquidity. “The idea that people look at their holdings in such a way that that kind of volume exists means that to a great extent, it’s a casino game,” he said. Of course, unlike many investors, he plans to hold his stake in I.B.M. for years.

Mr. Buffett was in a reminiscing mood about a bygone era, in part because he was in New York to make the rounds on television to discuss a new book chronicling his 61-year career, which began in 1951 at Buffett-Falk & Company in Omaha. (After lunch, he was going to visit “The Daily Show With Jon Stewart.”)

The book, “Tap Dancing to Work,” by a longtime journalist and good friend of his, Carol Loomis of Fortune magazine, is a compendium of articles that she and others wrote in Fortune that creates a series of narratives spanning the arc of his career.

Ms. Loomis, who first met Mr. Buffett in 1967 — and whose long career is a story unto itself — also came to our lunch. Ms. Loomis may know more about Mr. Buffett than he knows about himself. (“There’s nothing here you’re going to like,” she said, after surveying the various pies when the dessert cart came around. She was right: he took a quick look and asked if they served ice cream. They did.)

As we talked about the “good old days” — he spoke of some of his early friends who were successful hedge fund investors, like Julian Robertson, who founded Tiger Management — it became clear that he was less enamored of the investor class of the next generation.

When I asked, for example, if there were any private equity investors that he admired, he flatly replied: “No.”

When I asked if he followed any hedge fund managers, he struggled to name any, before saying that he liked Seth Klarman, a low-key value investor who runs the Baupost Group, based in Boston.

“They’re not as good as the old ones generally. The field has gotten swamped, so there’s so much money playing and people have been able to raise money by just saying ‘hedge fund,’” he said. “That was not the case earlier on; you really had to have some performance for some time before people would put money with you. It’s a marketing thing.”

For a moment, he paused, and then posited that if he started a hedge fund today, “I’d probably grow faster, because a record now would attract money a lot faster,” speculating that his record of returns would attract billions of dollars from pension funds and others. But he then acknowledged a truism of investing that he knows all too well, as the manager of an enterprise that is now worth some $220 billion: “Then money starts getting self-defeating at a point, too.”

Until 1969, Mr. Buffett operated a private partnership that was akin in some ways to a modern hedge fund, except the fee structure was decidedly different. Instead of charging “2 and 20” — a 2 percent management fee and 20 percent of profits — Mr. Buffett’s investors “keep all of the annual gains up to 6 percent; above that level Buffett takes a one-quarter cut,” Ms. Loomis wrote. However, in 1969, he announced he would shutter his partnership. “This is a market I don’t understand,” he said, according to Ms. Loomis.

He believed that the stock market of 1968 had become wildly overpriced — and he was right. By the end of 1974, the market took a tumble. Instead, he remained the chief executive of Berkshire Hathaway, one of his early investments.

“If you want to make a lot of money and you own a hedge fund or a private equity fund, there’s nothing like 2 and 20 and a lot of leverage,” he said over a lunch of Cobb salad. “If I kept my partnership and owned Berkshire through that, I would have made even more money.”

Mr. Buffett says he now considered himself as much a business manager as an investor. “The main thing I’m doing is trying to build a business, and now we built one. Investing is part of it but it is not the main thing.”

Today, Mr. Buffett is particularly circumspect about the investment strategies that hedge funds employ, like shorting, or betting against, a company’s stock. He used to short companies as part of a hedging strategy when he ran his partnership, but now he says that he and Charlie Munger, his longtime friend and vice chairman of Berkshire, see it as too hard.

“Charlie and I both have talked about it, we probably had a hundred ideas of things that would be good short sales. Probably 95 percent of them at least turned out to be, and I don’t think we would have made a dime out of it if we had been engaged in the activity. It’s too difficult,” he explained, suggesting that the timing of short investments is crucial. “The whole thing about ‘longs’ is, if you know you’re right, you can just keep buying, and the lower it goes, the better you like it, and you can’t do that with shorts.”

One of his big worries these days is about what’s going to happen to all the pension money that is being invested in the markets, often with little success, in part because investors are constantly buying and selling securities on the advice of brokers and advisers, rather than holding them for the long term. “Most institutional investors, whoever is in charge — whether it’s the college treasurer or the trustees of the pension fund of some state — they’re buying what they’re sold.”

Most pension funds probably didn’t buy Berkshire in 1965 and hold it, but if they had, they would have far fewer problems today. At the end of her book, Ms. Loomis notes that when she mentioned Mr. Buffett’s name for the first time in Fortune magazine in 1966 — accidentally spelling Buffett with only one “t” — Berkshire was trading at $22 a share. Today it is almost $133,000 a share.

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Young Leaders Cast a Wider Net for Immigration Reform

Dan Gill for The New York Times

Delegates on Saturday reflected in silence during the United We Dream congress for young immigrants in Kansas City, Mo.  More Photos »

KANSAS CITY, Mo. — After a boisterous three-day congress here, more than 600 leaders of a national movement of young immigrants living in the country without legal papers voted to expand beyond their past demands for citizenship for young people, and to mobilize in support of a bill to legalize 11 million illegal immigrants in the United States.

The leaders of the United We Dream network, the largest organization of youths here illegally, decided to push President Obama and Congress next year for legislation to open a path to citizenship for them and their families. The move will increase pressure on Mr. Obama and lawmakers to pass a comprehensive overhaul, rather than taking on the debate over immigration in smaller pieces to try to gain more support among Republicans.

The network’s platform calling for an “inclusive pathway to citizenship,” which the leaders adopted unanimously in a vote on Sunday morning, is likely to have a large influence on the debate Mr. Obama said he planned to kick off soon after his inauguration in January. The young people, who call themselves Dreamers, generally attract more sympathy from American voters than other immigrants here illegally, because most were brought to the country as children and many became activists after their illegal status thwarted their plans for college.

They take their name from the Dream Act, a bill that would create a pathway to citizenship for young people, which lawmakers on both sides of the aisle view as having a better chance than broader legalization measures. This year several Republicans, including Senator Marco Rubio of Florida, worked on alternative proposals that could attract support from their party. An estimated 1.7 million young immigrants would be eligible for legal status under the Dream Act.

But the youths opted to fight for broader gains, concluding that events were working in their favor after the Nov. 6 election, when Latino voters turned out in large numbers, overwhelmingly in favor of Mr. Obama.

“We have an unprecedented opportunity to engage our parents, our cousins, our abuelitos in this fight,” said Cristina Jimenez, a leader of the United We Dream organization, using the Spanish word for grandparents.

Although most of the young people who attended the conference do not have legal papers, it was a sign of their new confidence that the network held its congress in the convention center downtown, in a conservative state where most voters oppose amnesty for illegal immigrants.

In June, Mr. Obama announced two-year reprieves from deportation and work permits for hundreds of thousands of young immigrants, an initiative that they saw as a victory for their protests over the past two years. Some participants here already had their reprieve documents.

For many young people, getting here was still a challenge. Some who came from California said they had taken the risk of flying for the first time, passing security with state identity documents. Others came by car from places like Florida, New York and Texas, driven by the few among them who have valid licenses.

Their decision to push for legal status for their families was intensely emotional. When they were asked at a plenary session how many had been separated by deportation from a parent or other close family member, hundreds of hands went up. They were critical of Mr. Obama for deporting more than 1.4 million people during his first term.

“When Obama is deporting all these people, separating all of our families, I’m sick and tired of that,” said Regem Corpuz, a 19-year-old student at the University of California, Los Angeles, who was born in the Philippines.

“Our families’ dreams were to get a better future,” said Ulises Vasquez of Sonoma County, Calif., “but our future is with our families together.”

On Sunday, six immigrant parents, also here illegally, joined a “coming out” ceremony where they spoke in public for the first time, as many youths have done in recent protests.

One father, Juan Jose Zorrilla, 45, who is from Mexico, recounted how he had entered the United States several times by swimming across the Rio Grande. “For parents, there is no sacrifice so large that we won’t make it for our children,” Mr. Zorrilla said. A mass of youths jumped up from their chairs to embrace Mr. Zorrilla and the other parents.

Much of the debate centered on how the movement would navigate hard realities in Washington. Opposition to legalization remains strong among Republicans, who control the House.

Network leaders said the election results, in which Mitt Romney won only 27 percent of the Latino vote, give them new influence with both parties, but particularly with Republicans.

“The Republican Party alienated Latino voters in ways they hadn’t done before,” said Lorella Praeli, a leader of the United We Dream organization. “Our leverage is that our community is growing,” Ms. Praeli said. She suggested that young immigrants ask Republicans: “Do you want your party to see the inside of the White House again?”

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Euro zone crisis drags down European ad spending: report

LONDON (Reuters) – The euro zone crisis has left Western Europe the only world region to see a fall in advertising spending this year, market research group ZenithOptimedia said.

The forecasting group said advertising expenditure in Western Europe fell 2.2 percent to $ 106.8 billion this year compared with an average increase of 3.3 percent worldwide.

North American ad spending rose 4.1 percent to $ 171.9 billion and Asia’s expenditure was up 6.1 percent to $ 140.1 billion this year.

“Developing markets, social media and online video are all growing rapidly, supporting continued expansion in global ad expenditure despite stagnation in the eurozone,” said Steve King, global chief executive of ZenithOptimedia Group.

The company, part of advertising agency Publicis, also said European ad spending would be flat next year before growing by about 2 percent in 2014 and 2015.

This leaves Europe lagging faster-growing regions such North America, which will grow by 3.5 percent next year, as well as Asia (5.5 percent) and Latin America (10 percent).

“The euro zone crisis is dragging down economic growth at the moment,” ZenithOptimedia said on Monday.

“Because the eurozone is in recession, its imports from other countries are slowing down or shrinking, and the risk of eurozone collapse adds to global uncertainty, leading companies to hoard cash instead of investing in growth,” the firm said in an emailed statement.

Ad spending generally tracks economic growth, so recessions tend to hit the shares of advertising agencies, including market leaders WPP, Omnicom, Interpublic Group and Publicis.

ZenithOptimedia said global ad expenditure would rise 4.1 percent next year to reach $ 518 billion, driven largely by faster growth in the developing markets.

(Editing by Helen Massy-Beresford)

Internet News Headlines – Yahoo! News

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Notre Dame vs. Alabama: Star power, power football

NEW YORK (AP) — Notre Dame and Alabama will play in the BCS national championship game on Jan. 7 in Miami.

The final Bowl Championship Series standings were revealed Sunday night, and to no one's surprise, the Fighting Irish were first and Alabama was second.

Alabama is shooting for its second straight national title and third in four seasons.

Notre Dame is in the BCS championship game for the first time, looking for its first national championship since 1988.

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Follow Ralph D. Russo at www.Twitter.com/ralphdrussoap

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Unboxed: Stand-Up Desks Gaining Favor in the Workplace

THE health studies that conclude that people should sit less, and get up and move around more, have always struck me as fitting into the “well, duh” category.

But a closer look at the accumulating research on sitting reveals something more intriguing, and disturbing: the health hazards of sitting for long stretches are significant even for people who are quite active when they’re not sitting down. That point was reiterated recently in two studies, published in The British Journal of Sports Medicine and in Diabetologia, a journal of the European Association for the Study of Diabetes.

Suppose you stick to a five-times-a-week gym regimen, as I do, and have put in a lifetime of hard cardio exercise, and have a resting heart rate that’s a significant fraction below the norm. That doesn’t inoculate you, apparently, from the perils of sitting.

The research comes more from observing the health results of people’s behavior than from discovering the biological and genetic triggers that may be associated with extended sitting. Still, scientists have determined that after an hour or more of sitting, the production of enzymes that burn fat in the body declines by as much as 90 percent. Extended sitting, they add, slows the body’s metabolism of glucose and lowers the levels of good (HDL) cholesterol in the blood. Those are risk factors toward developing heart disease and Type 2 diabetes.

“The science is still evolving, but we believe that sitting is harmful in itself,” says Dr. Toni Yancey, a professor of health services at the University of California, Los Angeles.

Yet many of us still spend long hours each day sitting in front of a computer.

The good news is that when creative capitalism is working as it should, problems open the door to opportunity. New knowledge spreads, attitudes shift, consumer demand emerges and companies and entrepreneurs develop new products. That process is under way, addressing what might be called the sitting crisis. The results have been workstations that allow modern information workers to stand, even walk, while toiling at a keyboard.

Dr. Yancey goes further. She has a treadmill desk in the office and works on her recumbent bike at home.

If there is a movement toward ergonomic diversity and upright work in the information age, it will also be a return to the past. Today, the diligent worker tends to be defined as a person who puts in long hours crouched in front of a screen. But in the 19th and early 20th centuries, office workers, like clerks, accountants and managers, mostly stood. Sitting was slacking. And if you stand at work today, you join a distinguished lineage — Leonardo da Vinci, Ben Franklin, Winston Churchill, Vladimir Nabokov and, according to a recent profile in The New York Times, Philip Roth.

DR. JAMES A. LEVINE of the Mayo Clinic is a leading researcher in the field of inactivity studies. When he began his research 15 years ago, he says, it was seen as a novelty.

“But it’s totally mainstream now,” he says. “There’s been an explosion of research in this area, because the health care cost implications are so enormous.”

Steelcase, the big maker of office furniture, has seen a similar trend in the emerging marketplace for adjustable workstations, which allow workers to sit or stand during the day, and for workstations with a treadmill underneath for walking. (Its treadmill model was inspired by Dr. Levine, who built his own and shared his research with Steelcase.)

The company offered its first models of height-adjustable desks in 2004. In the last five years, sales of its lines of adjustable desks and the treadmill desk have surged fivefold, to more than $40 million. Its models for stand-up work range from about $1,600 to more than $4,000 for a desk that includes an actual treadmill. Corporate customers include Chevron, Intel, Allstate, Boeing, Apple and Google.

“It started out very small, but it’s not a niche market anymore,” says Allan Smith, vice president for product marketing at Steelcase.

The Steelcase offerings are the Mercedes-Benzes and Cadillacs of upright workstations, but there are plenty of Chevys as well, especially from small, entrepreneurial companies.

In 2009, Daniel Sharkey was laid off as a plant manager of a tool-and-die factory, after nearly 30 years with the company. A garage tinkerer, Mr. Sharkey had designed his own adjustable desk for standing. On a whim, he called it the kangaroo desk, because “it holds things, and goes up and down.” He says that when he lost his job, his wife, Kathy, told him, “People think that kangaroo thing is pretty neat.”

Today, Mr. Sharkey’s company, Ergo Desktop, employs 16 people at its 8,000-square-foot assembly factory in Celina, Ohio. Sales of its several models, priced from $260 to $600, have quadrupled in the last year, and it now ships tens of thousands of workstations a year.

Steve Bordley of Scottsdale, Ariz., also designed a solution for himself that became a full-time business. After a leg injury left him unable to run, he gained weight. So he fixed up a desktop that could be mounted on a treadmill he already owned. He walked slowly on the treadmill while making phone calls and working on a computer. In six weeks, Mr. Bordley says, he lost 25 pounds and his nagging back pain vanished.

He quit the commercial real estate business and founded TrekDesk in 2007. He began shipping his desk the next year. (The treadmill must be supplied by the user.) Sales have grown tenfold from 2008, with several thousand of the desks, priced at $479, now sold annually.

“It’s gone from being treated as a laughingstock to a product that many people find genuinely interesting,” Mr. Bordley says.

There is also a growing collection of do-it-yourself solutions for stand-up work. Many are posted on Web sites like howtogeek.com, and freely shared like recipes. For example, Colin Nederkoorn, chief executive of an e-mail marketing start-up, Customer.io, has posted one such design on his blog. Such setups can cost as little as $30 or even less, if cobbled together with available materials.

UPRIGHT workstations were hailed recently by no less a trend spotter of modern work habits and gadgetry than Wired magazine. In its October issue, it chose “Get a Standing Desk” as one of its “18 Data-Driven Ways to Be Happier, Healthier and Even a Little Smarter.”

The magazine has kept tabs on the evolving standing-desk research and marketplace, and several staff members have become converts themselves in the last few months.

“And we’re all universally happy about it,” Thomas Goetz, Wired’s executive editor, wrote in an e-mail — sent from his new standing desk.

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TV Networks Say DVRs and Weak Shows Explain Low Ratings

If you ask several of the top programmers in network television what is going wrong with their ratings this season, they offer a litany of answers: jarring schedule disruptions from debates, election night and Hurricane Sandy, for instance, as well as the ever-increasing defections toward delayed viewing and away from the nightly schedules that have defined network prime time since the days of radio.

The numbers tell the tale. With seven days of delayed viewing factored in, ABC is down 7 percent in the audience preferred by most advertisers, viewers between the ages of 18 and 49; CBS is down 18 percent; and Fox Broadcasting is down an eye-popping 26 percent. NBC is the only network bucking the trend, with its audience up 23 percent in that category.

“We are definitely in a transition period,” said Paul Lee, president of ABC’s entertainment group, citing the heavy shift toward reliance on DVRs and video on demand to create personalized viewing schedules.

Another factor also seems to have been at work this fall: disappointing new shows.

“The point the networks make is that the DVR is revolutionizing viewing,” said Brad Adgate, director of research for Horizon Media, a media buying company. “But that is masking the fact that the new shows they put on this fall just aren’t that good. There are better shows on cable.”

The lack of excitement this fall came in stark contrast to a year ago, when a host of new series broke through as hits: “Two Broke Girls” on CBS, “New Girl” on Fox, “Once Upon a Time” on ABC and many others. ABC had an especially fruitful year, bringing back six new series for second seasons.

This season, only one new series, the NBC drama “Revolution,” has cracked the top 30 programs among those 18-to-49 viewers.

Mr. Lee noted that “there is always an ebb and flow” to seasons, with one marked by strong newcomers followed by another filled with misses, and midyear shows that often reverse the fall trend.

Kevin Reilly, chairman of entertainment for Fox, also stressed that the history of television has been marked by what he called “flat years” when the new selections largely didn’t pan out. “I think this is a flat year,” he said.

Another top network executive, Kelly Kahl, the chief scheduler for CBS, suggested that the season may be showing signs of settling down after the disruptions of the fall, citing stabilized performances for CBS’s shows in recent weeks. But he, too, stressed that networks have to recalculate the meaning of success with “people adjusting to new ways of watching television.”

He pointed to CBS’s growing success in adding viewers from DVR recording, with no fewer than eight CBS shows adding more than three million viewers after a week of delayed viewing is counted. (Only one of those, the drama “Elementary,” is a new show.)

A few new shows gained favorable reviews but failed to attract adoring audiences. ABC’s “Nashville,” despite strong critical backing, has struggled to build wide audiences, winning support among young women but not with older viewers — perhaps, Mr. Lee said, because older viewers “have not gotten past the barrier of country music.”

A Fox comedy, “The Mindy Project,” won critical praise, but has ratings that, in most recent years, would have doomed it in two weeks. But it at least has a core audience of young women watching, and as with “Nashville,” in this season’s environment, that has been enough for survival.

“Usually you are able to say the show was sampled and rejected,” Mr. Reilly said. “Almost none of these new shows were even sampled.”

The need to find some way to carve out space on viewers’ recording machines has been an added factor preoccupying the programmers’ minds. “There is a real pressure to make sure this is appointment television,” Mr. Lee said, “television that has a hook.”

Robert Greenblatt, the top entertainment executive at NBC, reinforced that point. “The bigger the hook the better,” he said.

But Mr. Lee said this approach could be contradictory. “On the one hand,” he said, “you need it to have the fierce urgency of now, so you want to watch it live. But on the other hand, you want it to be attractive enough for people to want to put it on their DVRs.”

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Economic Frustration Simmers Again in Tunisia

Moises Saman for The New York Times

People in Tunis and across the country are struggling with high unemployment and inflation.

TUNIS — Tahar Bayahi, who runs Tunisia’s largest grocery store chain, spent the days right after the revolution toting up his losses: one-quarter of his 60 stores nationwide incinerated and another quarter pillaged.

Yet his company, Magasins Général, turned right around to rebuild, pouring $40 million and nine months into the effort. “It’s true that we were badly affected, but it opened up a far larger horizon,” Mr. Bayahi said over lunch on a sunny lakeside terrace. “What was important was that the change would bring us to a new epoch much faster.”

Nearly two years after riots that began over economic frustration and unemployment toppled the Tunisian government and started the Arab Spring, the frustration that people here are not better off is starting to overflow again. The gross domestic product is down, unemployment is up, debt and inflation are growing and social unrest is simmering.

Last week, the government sent troops into Siliana, south of the capital, after four days of violent protests, mainly over demands for jobs and more government investment, turned violent. Thousands participated and hundreds were injured in clashes with the police.

President Moncef Marzouki, acknowledging Friday on television that the government had not “met the expectations of the people,” expressed concern that unrest could spread to other towns in the underdeveloped interior.

“Tunisia today is at a crossroads,” he said. “Tunisia today has an opportunity that it must not miss to be a model because the world is watching us, and we mustn’t disappoint.”

Unemployment remains the biggest economic problem and catalyst for unrest. A vicious circle imperils all the Arab nations with unfinished revolutions: political unrest scares off the investors needed to create jobs.

Since President Zine el-Abidine Ben Ali was ousted in January 2011, the unemployment rate has risen to 18 percent from 13 percent, meaning about 750,000 people are out of work.

More troubling, a third of the unemployed are college graduates, said Said Aidi, minister of the economy for much of 2011. By 2015, an estimated 100,000 new graduates will seek jobs annually, while even before the revolution at most 20,000 graduates a year found work matching their degrees.

“Ben Ali ignored the blinking red lights on the economy, and that is what got him thrown out,” said Karim Ben Smail, the owner of a modest publishing company. “The unemployed are an army in a country the size of Tunisia.”

The numbers are not all bad, however. The economy contracted by 1.8 percent in 2011, troubled by problems like a 30 percent drop in the number of tourists, according to the World Bank. It predicts 2.2 percent growth this year, and a close-to-normal 4.6 percent by 2014 should conditions stabilize.

But a new constitution has yet to be written, and elections have been postponed until at least next June. Periodic riots — especially the sacking of the United States Embassy in September in response to a video made in the United States mocking the Prophet Muhammad — have left investors sitting on their wallets and kept tourists at home. A State Department travel advisory warned Americans against visiting Tunisia.

Bracing for further unrest, Magasins Général rebuilt its stores with shatterproof glass, heavy metal shutters and 20-foot walls topped by barbed wire.

Before the revolution, the company felt disadvantaged because its closest competitors, franchises of the giant French retailers Carrefour and Monoprix, enjoyed closer ties to the ruling family, Mr. Bayahi said. Both opened superstores while his applications languished.

After the revolution, he expected permits to sail through, particularly since his two proposed superstores meant more than 1,400 jobs. Instead, officials tell him “it is being studied,” just like before the revolution, he said.

While Mr. Bayahi blamed a combination of government incompetence and foot dragging for the delay, economic experts cited an additional reason. Small neighborhood shops potentially hurt by big chains extend credit to poor customers, helping to maintain social peace.

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App of the Week: Hooked

App Name: Hooked

Price: Free

Available Platforms: Android

What does this app do? Words with Friends, Angry Birds, Mahjong Connect – these are just a few of the popular apps in the Google Play Store for Android devices. For game app lovers, wading through the possibilities can be daunting.

Hooked, a game recommendation app developed by Hooked Media Group, can help.

“There are hundreds of thousands of apps out there people may really enjoy,” says Pita Uppal, CEO of the San Francisco based company.

Uppal, who recognizes people like to play with variety game apps but may have no idea what to try, likens Hooked to Netflix and Pandora rolled into one.

Once you download the app, Hooked analyses more than 40 factors, such as device type, the kinds of games a user has on his or her device, and usage statistics. By looking at what a consumer already has and how he or she is using those games, Hooked aims to offer users intelligent suggestions.

From the homescreen, select the menu button at the top and then search categories such as “Top Picks for You,” which provides a customized, star-rated list of recommendations. Press the tools key in the upper right hand corner and customize your recommendations by category, such as puzzle and racing, or by price.

Select “My Games”, and the app displays a dashboard of icons to help you understand your game activity. A folder icon, for example, shows what and how many games you have installed, and a clock icon tells you the amount of time you’ve spent playing a particular game. I spent an entire minute playing “Stupid Zombies.”

Logging in through Facebook or Google+ allows you to see what your friends and connections are playing, too.

Is it easy to set up? Yes, the 2.1MB app installs quickly. Log in with your account and go.

Should I try it? Hooked is like a personal shopper for game-loving app users, and the more you use it the more it understands what you might like. For the moment, it is only available for Android, but Uppal says the company plans to launch Hooked for iOS in the coming months.

Also Read
Wireless News Headlines – Yahoo! News

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Police: Chiefs' Belcher kills girlfriend, self

KANSAS CITY, Mo. (AP) — It began like any other Saturday for the Kansas City Chiefs during the NFL season, their general manager and coach at work early to put final touches on this weekend's gameplan. Then they got a call to hurry to the parking lot.

The two men rushed through the glass doors of Chiefs headquarters and came face-to-face with linebacker Jovan Belcher, holding a handgun to his head.

Belcher had already killed his girlfriend and sped the short distance to Arrowhead Stadium, right past a security checkpoint guarding the entrance. Upon finding his bosses, Belcher thanked general manager Scott Pioli and head coach Romeo Crennel for giving him a chance in the NFL. Then he turned away and pulled the trigger.

The murder-suicide shocked a franchise that has been dealing with controversies now made trivial by comparison: eight consecutive losses, injuries too numerous to count, discontent among fans and the prospect that Pioli and Crennel could be fired at season's end.

Authorities did not release a possible motive while piecing together the case, other than to note that Belcher and his girlfriend, 22-year-old Kasandra M. Perkins, had been arguing frequently.

The two of them left behind a 3-month-old girl. She was being cared for by family.

The Chiefs issued a statement that said their game Sunday afternoon against the Carolina Panthers would go on as scheduled, even as the franchise tried to come to grips with the awfulness of Belcher's death.

"The entire Chiefs family is deeply saddened by today's events, and our collective hearts are heavy with sympathy, thoughts and prayers for the families and friends affected by this unthinkable tragedy," Chiefs chairman Clark Hunt said in brief a statement.

A spokesman for the team told The Associated Press that Crennel plans to coach on Sunday.

"I can tell you that you have absolutely no idea what it's like to see someone kill themselves," said Kansas City Mayor Sly James, who spoke to Pioli shortly after the shootings.

"You can take your worst nightmare and put someone you know and love in that situation, and give them a gun and stand three feet away and watch them kill themselves. That's what it's like," James said. "It's unfathomable."

The 25-year-old Belcher was from West Babylon, N.Y., and played college football at Maine. He signed with the Chiefs as an undrafted free agent, made the team and hung around the past four years, eventually moving into the starting lineup. He played in all 11 games this season.

The NFL released a statement expressing sympathy and pledging "to provide assistance in any way that we can." The players' association has also been in touch with members of the Chiefs.

"We sincerely appreciate the expressions of sympathy and support we have received from so many in the Kansas City and NFL communities, and ask for continued prayers for the loved ones of those impacted," Hunt said. "We will continue to fully cooperate with the authorities and work to ensure that the appropriate counseling resources are available to all members of the organization."

The drama unfolded early Saturday when authorities received a call from a woman who said her daughter had been shot multiple times at a residence about five miles from the Arrowhead complex. The call came from Belcher's mother, who referred to the victim as her daughter.

"She treated Kasandra like a daughter," Kansas City police spokesman Darin Snapp said, adding that the women had recently moved in with the couple, "probably to help out with the baby."

Police then got a phone call from the Chiefs' training facility, and Belcher's description matched the suspect description from the initial address. Snapp said officers pulled into the practice facility parking lot in a matter of minutes, in time to witness the suicide.

"Pioli and Crennel and another coach or employee was standing outside and appeared to be talking to him," Snapp said. "The suspect began to walk in the opposite direction of the coaches and the officers and that's when they heard the gunshot. It appears he took his own life."

The coaches told police they never felt in any danger.

"They said the player was actually thanking them for everything they'd done for him," Snapp said. "He was thanking them and everything. That's when he walked away and shot himself."

Members of the Chiefs laid low Saturday, but a few of them reacted on Twitter.

"I am devastated by this mornings events," Pro Bowl linebacker Tamba Hali wrote. "I want to send my thoughts and prayers out to everyone effected by this tragedy."

A large group of Belcher's friends and relatives gathered Saturday at his boyhood home on Long Island.

His family turned the front yard into a shrine, with a large poster of Belcher, an array of his trophies, and jerseys and jackets from Kansas City, Maine and West Babylon High.

"He was a good, good person ... a family man. A loving guy," said family friend Ruben Marshall, who said he coached Belcher in youth football. "You couldn't be around a better person."

At least 20 people gathered for a large group hug in the driveway.

"He was a tremendous player and all those things, and his accolades speak for themselves, but he lit up when he spoke about his mom, or when he hugged his family after games," said Dwayne Wilmot, who was Belcher's position coach at Maine and is now an assistant coach at Yale.

"It's difficult to talk about Jovan in the past tense," he told the AP. "There's going to be unanswered questions, the why's of this tragedy. It'll never be truly known to us."

Wilmot said he'd stayed in touch with Belcher the past few years through social media.

"He was someone who took genuine pleasure in bringing happiness to others," Wilmot said. "I was so excited when he became a father, because I knew he'd be a great father."

His girlfriend's Facebook page shows the couple smiling and holding the baby.

Belcher is the latest among several players and NFL retirees to die from self-inflicted gunshot wounds during the past few years. The death of star linebacker Junior Seau, who shot himself in the chest in at his California home last May, sent shockwaves around the league.

Seau's family, like those of other suicide victims, donated his brain tissue to medical authorities to determine if head injuries he sustained playing football might be linked to his death. That report has not been released, although an autopsy showed no underlying hemorrhaging or bruises on Seau's brain.

Belcher did not have an extensive injury history, though he was listed as having a head injury on a report from Nov. 11, 2009. Belcher played four days later against the Oakland Raiders.

Earlier this year, the NFL provided a grant to help establish an independently operated phone service that connects players, coaches, team officials and other staff with counselors trained to work through personal and emotional crises. The NFL Life Line is available 24 hours a day.

The season has been a massive disappointment for the Chiefs, who were expected to contend for the AFC West title. They're 1-10 and mired in an eight-game skid marked by injuries, poor play and fan upheaval. During the past few weeks there have been constant calls for Pioli and Crennel to be fired.

It's unknown how the Chiefs plan to pay tribute to Belcher during Sunday's game.

"His move to the NFL was in keeping with his dreams," said Jack Cosgrove, who coached Belcher at Maine. "This is an indescribably horrible tragedy."

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Associated Press Writers Heather Hollingsworth and Frank Eltman contributed to this report.

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