B-to-b publisher Incisive Media is being split in two by its private equity owner and a group of banks.As part of the deal, Apax Partners—which purchased Incisive Media for $453 million in 2006—will take control of U.S.-based American Lawyer Media, making it an independent company from Incisive’s U.K. properties, an Incisive spokesperson told FOLIO:. Operating under the ALM brand, the company will be run by its own management and board of directors, and will carry separate financing. Apax’s stake in ALM will drop from 71 percent to 51 percent while Royal Bank of Scotland will acquire the remaining 49 percent in a debt-for-equity swap, according to an internal memo from ALM CEO Bill Pollak. The deal effectively cuts ALM’s debt from $450 million to $300 million. Apax, meanwhile, will inject $15 million in ALM. “Incisive Media in the U.K. will continue under the Incisive brand, headed by Tim Weller, and will retain ownership of the ClickZ/SEW/SES businesses, which will no longer report to ALM management,” Pollak wrote in the memo. “Between now and the end of the year, we will transition the separation of our shared infrastructure and operations from Incisive Media and complete the rebranding of our company as ALM. In addition, we are currently discussing a formal content-sharing agreement with Incisive which will enable us to continue to collaborate with Legal Week and other properties.”According to the Financial Times, which first reported the restructuring, U.K.-based Incisive breached its banking covenants in December. The report said Incisive’s senior lenders are “closing in” on a debt-for-equity deal that would leave Apax and co-investors Caledonia Investments and Ingenious Media with “negligible” stakes in the U.K. business.American Lawyer Media, which Incisive bought for $630 million in 2007, includes American Lawyer, the New York Law Journal and Law.com. Last year, after a round of layoffs, ALM dropped the ALM name to operate instead under the Incisive Media brand.
New Rock Doc On Bowie Guitarist Mick Ronson what-was-life-beside-bowie-new-doc-guitarist-mick-ronson Email Twitter News What Was Life Like Beside Bowie? New Doc On Guitarist Mick Ronson Facebook Guitar great and David Bowie’s early ’70s musical partner is the subject of a new documentary out this fall Nate HertweckGRAMMYs Aug 31, 2017 – 5:52 pm As of late, more and more compelling music documentaries have been unearthing the stories behind the eras and albums we love. This fall, glam-rock guitar great Mick Ronson’s story gets its own rock doc.Behind Bowie: The Mick Ronson Story follows Ronson’s prolific career from his work with David Bowie as guitarist in the Spiders From Mars to his work with Lou Reed on his 1972 classic album, Transformer, and then with Bob Dylan as part of the Rolling Thunder Review live band in 1975–1976.”I spent a little time with David [Bowie],” Queen drummer Roger Taylor says in the trailer, “and he used to say when I found Mick Ronson, I found my Jeff Beck.”Ronson’s untimely death in 1993 at age 46 came far too soon, and Bowie said of his musical sideman, “If Mick had lived on, he would have become a major producer and arranger, and of course, he would have remained one of rock’s great guitar players.”The film hits select theaters Sept. 1 and home video Oct. 27.Read More: James Murphy On Advice From David Bowie, Being “Done” With Producing
AR Rahman.PR HandoutMarvel Cinematic Universe has just gotten bigger! Acclaimed Indian musician, A. R. Rahman has joined hand with Marvel India to compose the anthem for the upcoming Avengers: Endgame movie.In a released statement, music maestro AR Rahman stated that the track will be released on April 1, few days before the official release of Endgame movie, and would be a treat for Indian fans of the Avengers franchise.”Being surrounded by Marvel fans in my own family, there was too much pressure to come with something really satisfying and apt for Avengers: Endgame. I hope Marvel aficionados and music lovers enjoy the track,” Rahman said in a statement.It won’t be wrong to say that Marvel has a huge fan following in India. The 2018 release Avengers: Infinity War made more than $43.5 million from the Indian territory alone. Whereas, Black Panther managed to earn more than $10.6 million. Robert Downey Jr.’s Iron Man 3 earned a whopping $12.2 million from India. Given the fact that more than 80 per cent of Indians enjoy Bollywood movies, earning this much money for a superhero movie is indeed a big deal.Marvel India head, Bikram Duggal, said how an original composition by AR Rahman is the perfect way to celebrate Marvel in India. Avengers Endgame movie trailerMarvel Studios (@marvelstudios/Instagram)”Avengers: Endgame is not just a movie, it’s an emotional journey for fans everywhere in India. An original composition by Oscar winner A R Rahman was the perfect way to celebrate the love for Marvel among fans in the country. This is our small way of thanking the fans here for their extraordinary support.”Our non-Hindi speaking readers who do not know much about the legendary musician, A.R. Rahman; he is considered as the Mozart of India. Over the years, he has won six Indian National Film Awards, two Academy Awards, two Grammy Awards, a BAFTA Award, a Golden Globe Awards, and hundreds of other Indian music awards.In the past, A.R. Rahman has been credited for several English movies like Slumdog Millionaire, 127 Hours, Million Dollar Arm, Elizabeth: The Golden Age, and others.In addition to this, Endgame movie’s co-director Joe Russo is also coming to India to interact with the fans ahead of its April release.Jarvis, what time is it in India? Jarvis: Time to meet Joe Russo!https://t.co/vTgXwbyDwC pic.twitter.com/mXmtbbEQpH— Marvel India (@Marvel_India) March 12, 2019Featuring Chris Evans, Robert Downey Jr., Chris Hemsworth, Scarlett Johansson and Brie Larson in the lead roles, Avengers: Endgame movie is slated to release in India and worldwide on April 26.
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed signs of economic weakness in Asia.International Brent crude oil futures were trading at $46.38 per barrel at 0243 GMT (10:43 p.m. EDT), down 38 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude was down 44 cents at $41.97 a barrel.Traders said the lower prices were a result of Asian refiners beginning to cut crude orders in an adjustment to a sharp rise in crude prices since January, and also to the region’s economic slowdown.”Crude imports to Asia over the last few months are falling (but) volumes were so high over the last year thanks to the rush to take advantage of the low oil prices, that it was rather natural that we would see a slowdown sooner than later,” said Ralph Leszczynski, head of research at ship broker Banchero Costa.In Japan, core machinery orders unexpectedly fell 1.4 percent in May from the previous month, down for a second straight month, government data showed on Monday.Compared with a year earlier, core orders, which exclude those of ships and electricity, decreased 11.7 percent in May, versus expectations of a 8.7 percent decline.In China, consumer inflation last month held below the official target of around 3 percent for this year, data released on Sunday showed, indicating persistently weak domestic demand.Additionally, there is mounting evidence that U.S. oil producers can live with crude prices of $45 or higher, as oil drillers added rigs for the fifth week in six, U.S. oil bankruptcies became sparse in June, and bullish U.S. oil bets dropped to near four-month lows.Saudi Arabia’s energy minister Khalid al-Falih said on Sunday the oil market was becoming more balanced in terms of supply and demand and, as a result, prices were stabilizing.
State minister for public administration Farhad Hossain on Saturday said deputy commissioner (DC) of Jamalpur Ahmed Kabir will be made an officer on special duty (OSD) over the leakage of a surveillance camera footage showing him in a compromising position with a female office assistant, reports UNB. ”The process is underway. An order will be issued tomorrow (Sunday) in this regard,” he told UNB. The state minister also said departmental action will be taken against Ahmed Kabir after looking into the matter. Earlier in the day, cabinet secretary Mohammad Shafiul Alam told UNB that the Cabinet is investigating the matter. “We’re looking into it. It’ll be resolved within a day or two.” Additional secretary Gaffar Khan told UNB that they had launched a primary investigation and are examining the video that has gone viral. “Various agencies are probing the incident. An investigation committee will be formed tomorrow (Sunday),” Khan said.
(PhysOrg.com) — For today’s electric vehicles that run on lithium-ion batteries, one of the biggest downsides is the limited range between recharging. Over the past several years, researchers have been working on an alternative battery called a lithium-air battery. These batteries could significantly increase the range of electric vehicles due to their high energy density, which could theoretically be equal to the energy density of gasoline. Explore further A lithium-air battery developed at MIT. Image credit: Patrick Gillooly/MIT. More information: via: IEEE Spectrum Citation: Lithium-air batteries’ high energy density could extend range of electric vehicles (2011, February 1) retrieved 18 August 2019 from https://phys.org/news/2011-02-lithium-air-batteries-high-energy-density.html At the fall meeting of the Materials Research Society in Boston, Ming Au, a scientist from the Savannah River National Laboratory in Aiken, S.C., said that no other known battery has as high of an energy density as lithium-air batteries. Researchers estimate that these batteries could hold 5-10 times the energy of lithium-ion batteries of the same weight, and twice the energy for the same volume.Lithium-air batteries have an anode made of lithium and an “air cathode” made of a porous material that draws in oxygen from the surrounding air. When the lithium combines with the oxygen, it forms lithium oxide and releases energy. Since the oxygen doesn’t need to be stored in the battery, the cathode is much lighter than that of a lithium-ion battery, which gives lithium-air batteries their high energy density.At the meeting, Au said that his research group has demonstrated a coin-sized rechargeable lithium-air battery with a current density of 600 mAh/g, which is much higher than the current densities of 100 to 150 mAh/g of lithium-ion batteries. But one of the biggest challenges facing lithium-air batteries is their limited number of charge/discharge cycles. Whereas lithium-ion batteries can be recharged more than 100,000 times, Au’s lithium-air battery can be recharged only about 50 times. Although single-use lithium-air batteries are already being used, for example to power hearing aids, electric vehicles require batteries that can be recharged thousands of times.The biggest problem with recharging lithium-air batteries is that it’s very difficult to convert the lithium oxide back into lithium. Currently, researchers can do this only by using catalysts, and even then some of the lithium oxide cannot be converted because it builds up in the battery. Researchers also face challenges in speeding up the recharging process and in keeping water vapor out of the oxygen, since lithium reacts violently with water.At the meeting, Au said that rechargeable lithium-air batteries would probably not be commercially available for several years, noting that lithium-ion batteries were first proposed in the 1970s but not commercialized until 1997. (Lithium-air batteries were first demonstrated in the mid-‘90s.) Au added that a “big investment from the government or some corporation” would have to be secured for developing a commercial product. © 2010 PhysOrg.com 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. Lithium-ion ultracapacitor could recharge power tools in minutes
India Habitat Centre throws open its doors to cinema lovers of Delhi with its annual Habitat Film Festival starting from May 8 -17. Celebrating its 10th year, the festival this year has an increased number of screenings and a retrospective and an interaction with the unparalleled master of his craft – Kamal Haasan.The film festival showcases the best of Pan-Indian Cinema from the past year. This year it will screen 48 films in 13 languages. Fresh and innovative storylines, stunning cinematography, veteran actors and directors, rising stars and award winning performances of 2014-2015 are all an integral part of the festival apart from 19 National Award Winning Films. Also Read – ‘Playing Jojo was emotionally exhausting’The festival opens on May 8 with Shonali Bose’s highly acclaimed Margarita With A Straw and Teen Kahon (Bengali) directed by Bauddhayan Mukherji. Kamal Hasaan retrospective will be screened on May 9 with an interaction with the star followed by a screening of Vishwaroopam (Hindi). Over the next 10 days, Habitat Film Festival will see the screening of several outstanding films including Marana Dandane (Kannada), Bey Yaar (Gujarati), Lajwanti and Gour Hari Dastaan (Hindi), Kuttaram Kadhithal (Tamil), Labour of Love and Chatushkone (Bengali), Quolf (Kashmiri), Shukha Asuchi (Oriya), Piku (Hindi), Elizabeth Ekadasi and Ek Hazarachi Note (Marathi), Ottal (Malayalam), Qissa, Punjab 1984 and Chaar Sahibzaade (Punjabi), Pallefam (Manipuri), Borhxaranya (Assamese) among a host of other wonderful films from various regions and languages. Also Read – Leslie doing new comedy special with NetflixKamal Haasan’s retrospective showcase his amazing multifaceted talent with Vishwaroopam, Ek Duje Ke Liye, Sadma, Chachi 420 and Saagar, Hey Ram (Hindi) and Virumandi, Nagayan and Guna (Tamil). The Habitat Film Festival provides audiences the unique opportunity to not just watch otherwise inaccessible films but also an interaction with directors in a post film Question and Answer session. This year, some of the actors/directors scheduled to attend are Kalki Koechlin, Shoojit Sircar, Ananth Mahadevan, Pushpendra Singh, Bauddhayan Mukherji, Abhishek Jain, Sohini Dasgupta, Atanu Ghosh, Hiren Bhora, Sajin Baabu and more. Vidyun Singh, Programmes Director, India Habitat Centre said “In the 10 years since we began the Habitat Film Festival to provide a dedicated platform to showcase the Best of Pan Indian cinema, Indian cinema has gone places! A brave new breed of directors, skilled professionals, producers and storylines have ensured an increasing and respected space in the International Cinema space.”Apart from film screenings, there will be several other activities like Rhythm, Raga And Melody—an exhibition throughout the festival., at the Convention Centre Foyer in collaboration with the National Film Archive of India, Pune.
Pangman is unmistakably impressed with everything Gardner and his peers have accomplished so far. “I feel like I’m a coach recruiting the national team for the Olympics,” he says. “And I found my star point guard.”He envisions the college clubs serving as feeder programs for the professional world of Bitcoin companies. The Bitcoin economy has a market cap of $5.8 billion, and last year startups in the space received nearly $100 million in venture capital in the U.S. alone.Related: The Secret Entrepreneurial Lessons of a Liberal Arts Education”Colleges are fantastic petri dishes for any kind of experiment,” says Pangman, who recently added Bloch and Gardner to the Bitcoin Foundation’s education committee. For his part, he’s waiting for the foundation’s board to approve a grant proposal he submitted that would fund a broad university outreach program. He wants to build a network of faculty, especially outside of the computer science and engineering departments where enthusiasm for Bitcoin might be expected. A peer-reviewed academic journal for cryptocurrency research, he says, “is in the offing as well.” 12 min read Bitcoin has filled that void. It is a technology that Gardner believes could lead to the betterment of millions of lives. As a global transaction network, it could be used for remittances — the practice of workers, usually recent immigrants, sending a portion of their pay back home to their families in another country. Remittances are a $550 billion industry, according to the World Bank. Established international money transmitters Western Union and MoneyGram charge fees as high as 10 percent for some amounts and destinations.Related: 50 Insane Facts About Bitcoin (Infographic)One the other hand, all-in-one Bitcoin companies like Coinbase offer the ability to buy and sell bitcoins for fiat currency, store them in a cloud-hosted wallet and send and receive them from others. At most, users pay a 1 percent fee for transactions. (A payments industry insider recently confided to me that legacy money transmitters like Western Union and MoneyGram are seriously concerned about Bitcoin.)”I think it’s an incredibly democratizing technology,” Gardner says. “All of a sudden, people who have come to America for the American Dream, and are trying to support their family back in Kenya, and are driving a taxi in New York, and who don’t want to give 9 percent of their hard-earned cash to Western Union — Bitcoin allows them to do that. That alone is a worthy cause for me to pursue.”But that potential wasn’t immediately apparent to Gardner. Like many people, he first heard of Bitcoin in connection with Silk Road, the online black market which the FBI shut down last fall and which has since been resurrected under new management. Curious, he visited the site and poked around, but didn’t buy anything. “Nothing I really want to get myself arrested for,” he thought.Related: How to Negotiate for What You WantBy the fall of 2013, however, some of Gardner’s more tech-savvy friends were telling him to buy bitcoins. He had doubts about its real value, but it sounded like easy money. His aunt had taught him the basic precepts of investing; he had been buying stocks for years. If Bitcoin was a bubble, it was one he could ride with a fair amount of confidence.Moreover, he began to be convinced that the shutdown of Silk Road that October would lead to a surge in Bitcoin’s value. He traded a few thousand dollars for bitcoins when the digital currency was worth about $140. He sold when the price went above $1,000.So far, so profit. But Gardner wasn’t willing to commit myself to understanding the technology behind this weird speculative commodity. Not yet. A major revolution BitcoinImage credit: zcopley via Flickr Opinions expressed by Entrepreneur contributors are their own. His tune changed when he transferred to the University of Michigan in January. His roommate, Kinnard Hockenhull, is involved in a Bitcoin startup, and the other man was thrilled to have a sounding board.Fired up by Hockenhull, Gardner began to read more about Bitcoin. The more he read, the more aware he became of its possible applications as a commodity, a currency and a transaction network. Meanwhile, he was obsessively reading Malcolm Gladwell’s book Outliers in advance of a scheduled Jan. 27 appearance by the author in Ann Arbor. He was particularly fascinated by Gladwell’s analysis of the fact that 14 of the richest people who ever lived were all Americans born within a nine-year period in the middle of the 19th century. Evidently they were born late enough to foresee the Industrial Revolution, the building of the railroads and the rise of Wall Street, but not so late that they weren’t able to capitalize on these events. A similar pattern emerged in the early days of the personal computer revolution, and again at the dawn of the commercial Internet.Related: How the World’s Richest Nations Are Regulating Bitcoin”Every single day, I would read this Gladwell chapter, and I would read a bit more about Bitcoin,” Gardner says.Finally, at 2 a.m. on the night before Gladwell was scheduled to speak, Gardner was struck with the realization that Bitcoin may represent yet another watershed moment. “Holy shit, this may be it,” he thought. “This is one of those major revolutions.”From that moment, he was hooked. He became active in the Bitcoin club at the University of Michigan, which is how he found himself on Feb. 5 on a videoconference call with Bloch, Elitzer and three other guys, members of the Bitcoin clubs at MIT and Stanford. Before long, they were agreeing to launch the CCN, with Michigan as its head chapter. Physical BitcoinImage credit: antanacoins via Flickr Since he was 11, Gardner has been determined to leave the world better than he found it. He grew up the sort of person on whom global warming weighs heavily. He had always assumed the future held for him a life of public service, a career in politics. The son of a leading expert in Confucianism, he discovered Sun Tzu’s The Art of War in high school and it came as a revelation.Things flowed naturally from there: At Bard College, where he was an honors student, he built his own major, political strategy — blending elements of political studies, economics, psychology and military strategy. For the last of these, he obtained special permission to take classes at West Point, the military academy.Related: Why College Students Need to Be Entrepreneurial With Their CareersIn the fall of 2013, he joined the campaign of Maura Healey, who was running for attorney general of Massachusetts. And that’s where his life plan went sideways. Although Gardner believed Healey was the best candidate and deserved to win, he soon became disgusted with the role of money in politics, with the sheer amount of time that has to be spent raising funds rather than shaping policy, and he left.For the first time in years, he didn’t know what the future held. “There was this void in my life, where I wondered how I was going to change the world,” he says. The sky is the limit Bitcoin accepted hereImage credit: acroll via Flickr The network came out of stealth mode on March 25, announcing itself in a guest post for Bitcoin advocate Ryan Selkis’s email newsletter. “At the CCN, we plan to relentlessly promote the spread of Bitcoin and related technologies like a megachurch pastor on Sunday morning cable,” the founders wrote.The response from universities around the world has surprised even them. The network already counts some 16 established member clubs — among them Harvard and the University of Pennsylvania — with some two dozen more in the works, including clubs in China, Australia and Europe. The parent organization intends to provide “educational resources, administrative documents, marketing materials and regional contacts that might be needed for a college student to start a crypto club at their school,” Gardner and Bloch wrote in their March 25 announcement.Related: What Business Schools Don’t Teach Students But ShouldGardner is in the final stages of filing for 501(c)(3) status for the CCN, and he has decided on a big initiative for chapters in 2014: getting their universities to accept Bitcoin donations. There is a precedent: Earlier this year, Nicolas Cary, the chief executive of Blockchain, made a gift of $10,000 in bitcoins to the University of Puget Sound, his alma mater. But that was a one-time thing, Cary says, and he had a hell of a time making it happen. The school had no policy for handing digital currency gifts. In the end, administrators set up an account with BitPay, a payment processor, to accept the funds.Gardner already knows what such a process would look like at the University of Michigan. Donors would be able to make Bitcoin gifts in two ways: either through a Coinbase-powered widget on the Michigan site (if they had a Coinbase account), or by sending bitcoins directly from the digital wallet of their choice to the university’s own wallet address. The bitcoins in each transaction would be instantly converted into dollars in order to shield the university from Bitcoin’s infamous price volatility. Coinbase already provides this service for Overstock and other retailers.Before settling on Coinbase, Gardner spoke with representatives of BitPay and Circle. All three were interested, he says. “This could eventually lead to tuition payments and the like in Bitcoin, which would be massive. So there’s a lot on the line for them.” The betterment of millions Meanwhile, startups — including, quite possibly, some fostered by CCN clubs — will be working to make it possible to use Bitcoin, both the currency and the protocol, without understanding the underlying tech in all of its complexity. After all, how many casual smartphone users actually grasp the inner workings of the magic brick in their hand?If that can happen, the sky will be the limit for Bitcoin adoption. “In the short term it may not live up to the full hype, but in the long term, Bitcoin does for money and transactions what the Internet did for communication. It sets it free,” Elitzer says. “We can’t fully predict where that’s going to go. But you’ve got to respect its potential, at least, to change the world.”Related: Guess What: Going to College Still Pays If he is nervous about the upcoming meeting, Jeremy Gardner doesn’t show any sign of it.Today, Gardner and a friend, Daniel Bloch, will be sitting down with senior administrators in the development office at the University of Michigan to discuss what it would take to process university donations in Bitcoin. If the administration likes what they have to say, Michigan may soon become the first major university to accept Bitcoin gifts.Gardner, a 22-year-old junior and recent transfer from Bard College, is a co-founder with Bloch of the College Cryptocurrency Network, a burgeoning association of Bitcoin clubs on campuses nationwide. In its first weeks, the network has already attracted important mentors, among them Will Pangman, who sits on the education committee of the Bitcoin Foundation. Circle, a well-funded cryptocurrency startup, wants to be a corporate sponsor. The meeting this week in Ann Arbor will be an early milestone marking a whirlwind two months since CCN’s founding.It will also be a sign that the full impact of Bitcoin has yet to be felt; indeed, that entire user bases remain to be tapped. “People are calling Bitcoin the money of the Internet,” Gardner says. “I think it’s going to the Internet of money.”Related: IRS Will Tax Bitcoin, Says It’s Not CurrencyGardner isn’t alone in that thought. In fact, The Economist said as much in a recent issue. And despite some negative headlines this year, a growing number of investors are acting accordingly. Last month, Bitcoin startups Circle, Kraken and Xapo announced a combined $42 million in new funding. Venture capitalist Marc Andreessen pledged recently to invest hundreds of millions more in the Bitcoin space, on top of the $50 million his firm, Andreessen Horowitz, has already sunk in. Also last month, San Francisco-based hedge fund Pantera Capital announced the formation of a new $147 million fund for investments in digital currencies and related startups.But even as venture capitalists, institutional investors and hedge funds begin to pour Scrooge McDuckian sums of money into this nascent ecosystem, an even stronger indication that Bitcoin has a future may lie on college campuses.At first blush, student groups would seem a strange barometer of the future durability of a breakthrough technology. But think of how Facebook started at Harvard and spread to universities around the country, becoming a private club for college kids long before it opened up to everyone else. Then, too, think of which demographic propelled Snapchat to a multi-billion-dollar valuation.Related: 6 Bitcoin Basics for Beginners”The younger generation is always more open to adopting new technologies and new paradigms,” says Dan Elitzer, a first-year MBA student at the Massachusetts Institute of Technology and CCN’s regional director for New England. “If Bitcoin is going to be successful in the broader world, it’s going to be successful on college campuses earlier than we see it in most other communities.”For years, youthful enthusiasm for new technology has been translating into huge windfalls for entrepreneurs and savvy investors. Ironically, this means that the key to Bitcoin’s future may rest not with the investors themselves but with people like Jeremy Gardner. April 8, 2014