Friday, April 26, 2013

Soros reports 7.9 percent stake in Penney, shares rise

By Dhanya Skariachan

NEW YORK (Reuters) - Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co on Thursday, sending shares of the struggling department store chain up more than 7 percent.

Soros joins another billionaire, Bill Ackman, as one of the five largest stakeholders of the century-old retailer.

Penney has been exploring various capital-raising options with its financial advisers after a steep sales slump followed former CEO Ron Johnson's botched attempt at a turnaround.

Earlier this month, Penney borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory and revamp its business strategy. It also hired Blackstone Group LP's financial advisory arm to explore how best to position the firm financially.

Johnson's dramatic changes, which eliminated coupons and sales, alienated core customers without bringing in new ones and led to a 25 percent decline in sales last year. In early April, Johnson was replaced with his predecessor Myron Ullman, who is bringing back the old discount pricing strategy.

In a regulatory filing on Thursday, Soros said he owned about 17.4 million shares of Penney. Ackman, who owns 17.8 percent of Penney's stock through his hedge fund Pershing Square Capital Management, was not immediately available for comment.

Penney declined to comment, while a representative for Soros could not be immediately reached. The retailer's shares were up 7 percent to $16.31 in after-hours trading from their $15.24 close in the regular session.

(Reporting By Dhanya Skariachan and Matthew Goldstein in New York and Svea Herbst-Bayliss in Boston; Editing by Gary Hill, David Gregorio and Tim Dobbyn)

Source: http://news.yahoo.com/soros-reports-7-9-percent-stake-penney-shares-203913835--finance.html

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Sunday, April 21, 2013

The Power Of Belief To Change Your Life - The Self Improvement Blog

beliefslrgEditor?s Note: I tried to write about Boston this morning. I simply could not. I need to ?sit with it? and sort things out in my own heart and mind. I encourage you to read this article on the Power of Belief and then to spend some time clarifying your own belief. Beliefs can propel you to assassinate or save, do good or harm, run the race or set a bomb. It?s important to know what you believe and why.? Irene

By Susan Lebby Spector

What I want to share with you today is a conceptual tool, which if you choose to use it, is guaranteed to help you make your journey through life, an easier, more effective, and more fulfilling one!

I am talking about harnessing the Power of Belief. Learning to unleash your highest potential with the power of your own mind.

You may well ask, how can what you believe be so important? Simply put, what you believe, for better or worse, will determine how you act and what you feel.

Interestingly, in many cases our beliefs about ourselves and our world have never been subject to conscious scrutiny. Much of what we believe has been handed down to us. From birth onward, our parents, families, friends, teachers, clergy, media, etc., give us countless messages about who we are, what we can expect, what life is like. Unfortunately, as children, we are not in a position to evaluate the actual merit of what we are being told.

The famous developmental psychologist, Jean Piaget, demonstrated that children do not develop full adult cognitive capacity until around the age of 12. This means that much of what we hear up to that point slips under the radar screen of our critical judgment.

That would be fine if everything that you heard came from truly wise, sensitive and loving people, who had no baggage of their own and were always looking out for your best interests. But which of us has not experienced someone, perhaps many someones, well intentioned or not, telling us so-called truths about ourselves? Which of us was told we were, too stupid to learn, too small to get picked for the team, too lazy to achieve, too selfish to deserve, too plain to attract, too flawed to love? The killer is, that like little sponges, we absorb those beliefs into ourselves with toxic results.

Ask yourself this, if you truly believed you couldn?t possibly do something, how likely would you be to even TRY it? Not very likely, right?

On the other hand, if there was something you really wanted to do, be or have, and you knew you had unlimited resources and COULD NOT FAIL, is there anything that would STOP you from going after it? If you?re like most folks, the answer is a resounding ?NO?!

The only difference between the first scenario and the second is your own belief about whether or not you can succeed.

Webster?s Dictionary?s first definition of the word belief is, ?Acceptance of something as true?. Notice that it did not say that a belief was something that WAS true, but merely ACCEPTED as such. BIG DIFFERENCE! It means that a belief is not NECESSARILY a FACT.

So a belief is really just a type of thought, an opinion, a view. It may be accurate, but it may have nothing to do with reality or truth. And this is important: neither its popularity, nor the strength with which it is held, is proof that it is a fact.

Let?s look to history for an example. In the 1400?s and before, the prevailing belief was that the earth was flat. Everyone knew that. You didn?t see a whole lot of eager sailors pointing the masts straight for the horizon line. They would have had to have been crazy or suicidal to do so. Now there was a guy named Columbus who had a different set of beliefs. Since his did not include falling off the face of the earth, he was willing to make that awesome journey.

How about the story of Helen Keller? A young girl rendered deaf and blind by disease at a very early age. As she grew older, she became increasingly wild and unmanageable. Her adoring parents were in despair. Their choice? Put her in an institution, a particularly frightful alternative at that time in history or try to find someone who could make her more docile, like taming a wild animal. Capt. and Mrs. Keller BELIEVED that that was the most they could hope for from their terribly impaired daughter. They believed it would be CRUEL to expect any more from her. In desperation, they hired a young teacher to come live with them, hoping that she would be able to help control their child. Her name was Annie Sullivan. Luckily, Annie did not have the same set of limiting beliefs about young Helen.

Now you?ve probably heard of Helen Keller. But in case you haven?t, here?s a partial list of some of her accomplishments:

  • She was the first blind and deaf person ever to graduate college. That was in 1904. And she graduated with high honors. From Radcliffe.
  • She won the Presidential Medal of Freedom in 1964.
  • She was elected to The National Women?s Hall of Fame.
  • She is one of the hundred most important women of the twentieth century.

And in the book, The 100 Most Influential Women of All Time, she comes in #18 and Annie Sullivan comes in at #19.

When you?re telling yourself what you can?t possibly do, and you believe that, remind yourself of Helen and Annie.

Einstein said ?The significant problems we face cannot be solved at the same level of thinking which created them.?

Nobel Peace Prize winner, Anwar Sadat said ?He who cannot change the very fabric of his thought will never be able to change reality, and will never, therefore, make any progress.?

What are these men telling us? They are telling us when we are stuck, when we feel up against it, on a societal or personal level, that we must be willing to expand our consciousness and challenge our assumptions and beliefs ? even our most dearly held ones.

Now I?m not beginning to suggest what it is you should believe, but only pointing out that you do, in fact, have a choice in the matter.

So here?s the technique I promised you: When you?re feeling stagnant on the job, unfulfilled at home, unsure of your place in the Universe, take some time and ferret out the limiting belief or beliefs that are underlying those feelings. Write that down. Then ask yourself the following questions, and write down your answers.

1. Is what you?re telling yourself an indisputable fact? (It rarely is!)

2. How well does this belief serve you?

3. Is there some other belief that would serve you better and What is it?

4. What actions would you take if you adopted this new belief?

Then take those actions and watch yourself soar!

You know there is a tongue in cheek definition of insanity that says ?Insanity is doing the same thing over and over and expecting different results. I?d like to propose a corollary to that, which says ?Insanity is BELIEVING the same thing and expecting different results.

Belief is the mother of action! Choose yours wisely.

You can find out more on this topic by contacting the author, Susan Lebby Spector, Life Coach and Psychotherapist practicing in the Philadelphia area and serving clients in all English speaking locations via telephone coaching. She has over 30 years of experience in psychotherapy and over 8 years of experience in Life Coaching

Article Source: http://EzineArticles.com/?expert=Susan_Lebby_Spector
http://EzineArticles.com/?The-Power-Of-Belief-To-Change-Your-Life&id=6061138

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Source: http://theselfimprovementblog.com/self-improvement/self-improvement-tips/the-power-of-belief-to-change-your-life-2/

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Friday, April 12, 2013

7 Luxury Swimming Pools That Have To Be Seen To Be Believed ...

A high-end home would just feel incomplete without a swimming pool. And if you're going to have a professional that will take care of this feature, you might as well make a big splash. (Pun totally intended.) So, how does one improve on a pool? Well, you could put it on a roof, for starters. Or, you could go really, really over-the-top and install a bronze sculpture of yourself beside it.

Realtor.com recently rounded up a list of seven luxury swimming pools that border amazing and extreme -- you decide. So go ahead and dive into our slideshow of aquatic oases, and let us know which one you wouldn't mind taking a dip in.

  • 1. The Cantilevered Pool

    Austin, Texas Listed on Realtor.com for: $2,950,000

  • 1. The Cantilevered Pool

    Austin, Texas Listed on Realtor.com for: $2,950,000

  • 2. The Bauhaus Bedroom See-Through Pool

    Atlanta, Georgia Listed on Realtor.com for: $1,950,000

  • 2. The Bauhaus Bedroom See-Through Pool

    Atlanta, Georgia Listed on Realtor.com for: $1,950,000

  • 3. The Temple Pool

    Las Vegas, Nevada Listed on Realtor.com for: $22,500,00

  • 3. The Temple Pool

    Las Vegas, Nevada Listed on Realtor.com for: $22,500,00

  • 4. The Ring of Fire Pool (Now With Real Fire!)

    La Habra Heights, California Listed on Realtor.com for: $6,995,000

  • 4. The Ring of Fire Pool (Now With Real Fire!)

    La Habra Heights, California Listed on Realtor.com for: $6,995,000

  • 5. The 'Big Cat' Pool

    North Fort Myers, Florida Listed on Realtor.com for $780,000

  • 5. The 'Big Cat' Pool

    North Fort Myers, Florida Listed on Realtor.com for $780,000

  • 6. The Double Decker Pool

    Dallas, Texas Listed on Realtor.com for: $6,950,000

  • 6. The Double Decker Pool

    Dallas, Texas Listed on Realtor.com for: $6,950,000

  • 7. The Pool House

    SOLD

  • 7. The Pool House

    SOLD

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Do you have a home story idea or tip? Email us at homesubmissions@huffingtonpost.com. (PR pitches sent to this address will be ignored.)

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Source: http://www.huffingtonpost.com/2013/04/11/luxury-swimming-pools_n_3061238.html

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Wednesday, March 27, 2013

Police reports in Tucson shooting rampage released

PHOENIX (AP) ? Hundreds of pages of police reports in the investigation of the Tucson shooting rampage that wounded former Rep. Gabrielle Giffords are being released Wednesday, marking the public's first glimpse into documents that authorities have kept private since the attack more than two years ago.

The Pima County sheriff's department will release an estimated 2,700 pages of records from the January 2011 shooting at a meet-and-greet event outside a grocery store that killed six people and wounded Giffords and 11 others. The documents include transcribed interviews with witnesses, various police reports and other records, and could provide new insight into how the shooting occurred.

News organizations seeking the records were repeatedly denied the documents in the months after the shooting and the arrest of 24-year-old Jared Lee Loughner, who was sentenced in November to seven consecutive life sentences, plus 140 years, after he pleaded guilty to 19 federal charges.

U.S. District Judge Larry Burns had prevented the sheriff's department from releasing the records in response to a request from The Washington Post, ruling in March 2011 that Loughner's right to a fair trial outweighed whatever disclosures might be authorized under state law.

Last month, Burns cleared the way for the release of the records after Star Publishing Company, which publishes the Arizona Daily Star in Tucson, had sought their release. The judge said Loughner's fair-trial rights are no longer on the line now that his criminal case has resolved.

Loughner's guilty plea enabled him to avoid the death sentence. He is serving his sentence at a federal prison medical facility in Springfield, Mo., where he was diagnosed with schizophrenia and forcibly given psychotropic drug treatments.

Arizona's chief federal judge and a 9-year-old girl were among those killed in the rampage. Giffords was left partially blind, with a paralyzed right arm and brain injury. She resigned from Congress last year and has since started, along with her husband, a gun control advocacy group.

The Star said it wanted the records because they contain information about how a mass shooting occurs, including how long it took Loughner to fire gunshots ? an issue raised by some advocates in the debate over high-capacity pistol magazines.

The Tucson newspaper argued that the records are critical in the national debate over whether such shootings could be prevented by armed resistance, whether a mass shooting occurs too quickly to be stopped and whether people with mental illnesses should be prohibited from getting guns.

Phoenix Newspapers Inc., which publishes The Arizona Republic, and KPNX-TV had joined Star Publishing in the latest effort to get the records released.

Source: http://news.yahoo.com/police-reports-tucson-shooting-rampage-released-082126898.html

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Motown songwriter-producer Deke Richards dies

Mar 26 (Reuters) - Leading money winners on the 2013 PGATour on Monday (U.S. unless stated): 1. Tiger Woods $3,787,600 2. Brandt Snedeker $2,859,920 3. Matt Kuchar $2,154,500 4. Steve Stricker $1,820,000 5. Phil Mickelson $1,650,260 6. Hunter Mahan $1,553,965 7. John Merrick $1,343,514 8. Dustin Johnson $1,330,507 9. Russell Henley $1,313,280 10. Kevin Streelman $1,310,343 11. Keegan Bradley $1,274,593 12. Charles Howell III $1,256,373 13. Michael Thompson $1,254,669 14. Brian Gay $1,171,721 15. Justin Rose $1,155,550 16. Jason Day $1,115,565 17. Chris Kirk $1,097,053 18. ...

Source: http://news.yahoo.com/motown-songwriter-producer-deke-richards-dies-014758541.html

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Personal debt levels hurting Canadian economy ... - Financial Post

Three-quarters of executive chartered accountants believe the high level of personal debt among among Canadians is hurting the economy, according to a survey conducted by the Canadian Institute of Chartered Accountants.

More than half of those surveyed, 55%, also view the high debt levels as a threat to future demand for products or services at their company.

?Clearly, business leaders are uncomfortable with the high level of personal debt in the country,? said Nicholas Cheung, a director with the Canadian Institute of Chartered Accountants (CICA).

He said there is an understanding that interest rates will rise at some point, which will make it challenging for many Canadians to keep up with mortgages and other debt payments. Such circumstances ?would greatly impact their ability to purchase goods or services,? Mr. Cheung said.

The CICA survey did not find a consensus among executive chartered accountants about?whether Canadians are following the advice of Bank of Canada Governor Mark Carney and the federal government to reduce personal debt levels.

While 38% agree that Canadians are reining it their debt appetite, 31% disagreed.

Earlier research conducted for the CICA, focusing on personal finances, found that debt reduction is an area where Canadians want to take action in 2013. Half of those surveyed call reducing personal debt a high priority while another 15% view it as a moderate priority.

Source: http://business.financialpost.com/2013/03/26/personal-debt-hurting-canadian-economy-accountants-say/

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Congressional ethics office investigating Michele Bachmann (Star Tribune)

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