Yahoo to change name to Altaba once Verizon buys brand and operations

Yahoo, one of the Internet’s most venerable companies, won’t exist for much longer. Verizon officially acquired Yahoo for $4.8 billion in July, and a new financial filing from the company includes details of what’s going to happen.

That July sale included Yahoo’s operating business, but it didn’t include the big chunk of Chinese e-commerce site Alibaba owned by Yahoo, and it didn’t include certain other assets, mostly shares of Asia-based companies and non-core patents. What remains, according to SEC paperwork filed today, will be rolled into an “investment company” called Altaba.

The size of the board will be reduced to five directors, and many key executives will leave, including Yahoo CEO Marissa Mayer and Yahoo co-founder David Filo. Also out are Eddy Hartenstein, Richard Hill, Jane Shaw, and Maynard Webb. The departures are not “due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices,” according to the company’s filing.

Yahoo is the second early web giant that was purchased by Verizon. In 2015, Verizon paid $4.4 billion for AOL.

The Yahoo purchase hasn’t gone smoothly. At one point, shortly after what looked like a major state-sponsored hacking attack on Yahoo, Verizon was reportedly getting cold feet about its purchase.

While Mayer won’t be on the team overseeing the Altaba investments, it isn’t clear if she’ll have a future inside the Verizon behemoth. Previous agreements call for Mayer to get $55 million if she’s ousted.

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As Venezuelans Go Hungry, The Military Is Trafficking In Food

A Venezuelan soldier watches over cargo trucks leaving the port in Puerto Cabello, which handles the majority of the country’s food imports. Across the chain of command, from high-level generals to the lowest foot soldiers, military officials are using their growing power over the food supply to siphon off wealth for themselves.

Ricardo Nunes/AP


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Ricardo Nunes/AP

A Venezuelan soldier watches over cargo trucks leaving the port in Puerto Cabello, which handles the majority of the country’s food imports. Across the chain of command, from high-level generals to the lowest foot soldiers, military officials are using their growing power over the food supply to siphon off wealth for themselves.

Ricardo Nunes/AP

In Venezuela, food has become so scarce it’s now being sold on the black market. One person tells the Associated Press, “it’s a better business than drugs.”

And the food traffickers are the very people sworn to protect Venezuela: The nation’s military.

Venezuelan President Nicolas Maduro gave the military complete control of the food supply last summer, after people began protesting in the streets over food rationing. Shortages had become so bad that people were even ransacking groceries – though many were largely empty.

These days, hunger remains widespread. But if you venture into the black markets, you’ll find foods that aren’t available in the state-run supermarkets, “where people would prefer to shop because it’s a lot cheaper,” says Joshua Goodman, the AP’s news director for the Andes. He was part of the AP team that investigated the food trafficking situation.

“These goods are only getting into the country because the military is importing them,” Goodman tells NPR’s Audie Cornish. “And when you see the food sold at these makeshift markets, there’s usually military people standing by with weapons, watching over it all, if not actually selling the food directly.”

And the military isn’t just running these black markets – it’s getting rich off them, Goodman says.

He was part of an AP investigation into the military’s role in trafficking food and spoke to Cornish about the findings. An edited transcript of their conversation follows.

How does this affect the price of food?

Right now there are some things that are incredibly cheap in Venezuela but in incredibly scarce supply. If you’re one of the lucky people to get the food at the government-set price, you are doing quite well. But a lot of people can’t afford to spend an entire day in line at a state supermarket, only to find the shelves have already been emptied by the time they get through the door. So a lot of people do have to go to the black market to find food. It’s a very unfortunate situation. Something like 80 percent of the country right now says they have lost weight because of what they sort of joke is the President Maduro diet – the forced austerity upon the country.

You found lots of examples of how, essentially, the military is getting rich off controlling the food supply – even when people are trying to bring food into the country.

We documented a case of a South American businessman. He admitted to us that he had paid millions of dollars in bribes over the years to bring food into the country. And he really didn’t care who he was paying, because the prices [at which] he was able to sell to the government were so sky high — something like more than double the international price for a shipment of corn, for example. And that made it very easy for him to pay kickbacks to government officials. And of course, that worked its way all down the food chain. This businessman specifically pointed to the food minister right now, who’s a military general, or people close to him having received the money that he was paying.

Now what’s happened to people trying to bring evidence of this corruption to the president?

Venezuelan right now is a very opaque place. We don’t have a lot of info about the internal deliberations of the government. There are some people in the military who clearly are upset with this situation. However, there are some serious entrenched interests within the military who are politically important to President Maduro. He is a man who is a hanging by a thread … he does not have the popularity of his predecessor and mentor, Hugo Chavez. And the military for him has become an invaluable crutch in the face of mass street protests and sinking popularity and hyperinflation, almost.

So this is a way to keep [the military] paid, frankly. Is that what’s going on?

It’s a way to keep them fed, you could even argue. Because a lot of this food, I’m sure, is going to the families of the military, to feed their own families and friends. And yeah, it puts money in their pocket at a time when there really isn’t much money in the country.

What has shocked you most about this situation?

I think what has shocked me the most is the degree to which the military has really sullied its own reputation. They were seen by many as a disciplined force that could actually provide answers to the serious problems Venezuela is facing. Instead they seem to be much more self-interested, much more corrupt than I had imagined when we started this project.

You’ve talked to a lot of officials in your story. For average Venezuelans – what are people saying about this?

They’re outraged. They know fully well that while they’re not eating, people are getting rich. This is an issue that touches the stomachs, literally, of every Venezuelan. A lot of Venezuelans who would be sympathetic to the government are very upset over this issue. And when they find out people are actually profiting from it — it’s a potentially explosive situation for the government.

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The Friendship Bench Can Help Chase The Blues Away

A community counselor, left, speaks to a patient on the Friendship Bench in Zimbabwe.

Courtesy of King’s College London


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A community counselor, left, speaks to a patient on the Friendship Bench in Zimbabwe.

Courtesy of King’s College London

Things were already going pretty badly for Florence Manyande. Then one day last spring, while walking down the street, she was hit by a car.

“This woman saw, and she pulled me out of the road.” recalls Manyande, 50. “She tried to talk to me, but I couldn’t talk then. I had a lot on my mind.”

Her run of bad luck had begun in 2010, when Manyande’s husband skipped out on her and her three kids. “I had no way to pay school fees for my children,” she says, and no way to pay rent. “Even my relatives were shunning me. They couldn’t take me in because they said, ‘We have our own problems.'”

By the time Manyande had her accident, she was thinking about killing herself.

Then her fortune took a turn. The woman who found her, injured, on the road happened to be a health worker. She took Manyande to the clinic to get bandaged up. “While I was there,” Manyande says, “she introduced me to the Friendship Bench.”

A Friendship Bench is quite literally a park bench — with a higher calling. In Zimbabwe, where Manyande lives, friendship benches are located on the grounds of medical clinics around Harare and other major cities. They’re a safe place where trained community members counsel folks struggling with what they, in the local Shona language, call kufungisisa (“thinking too much”) or what Americans call depression.

Dr. Dixon Chibanda, a psychiatrist at the University of Zimbabwe, came up with the name Friendship Bench — or chigaro che hushamwari in Shona — back in 2006. In Zimbabwe, as in most places, there’s a lot of stigma around mental illness. Patients may feel uncomfortable with the idea of going to a mental health clinic. Traditionally, Zimbabweans with depression may see a healer about an exorcism — many view mental illness as a curse. And there is a shortage of professional help: 13 psychiatrists serve a population of 13 million.

While completing his master’s in public health, Chibanda was looking for a solution. After speaking with various community leaders and health workers, he figured out that while people were loathe to head to a mental clinic and speak with a lab-coated medical professional about their mental health, they were generally willing to sit on a park bench and share their worries with someone within their own community,

At these benches, community counselors and patients meet weekly to discuss intimate issues — and develop a plan to overcome difficulties. As part of the treatment, there are also group therapy sessions, when patients gather and sit around the bench. “It’s all about empowering people to go and solve their own problems,” Chibanda says.

The strategy seems to be working, according to a new study published in JAMA. The study followed 573 patients in Harare with anxiety or depression for a six-month period. Half of them received the standard treatment: A nurse spoke to them about what they were going through and prescribed medication as needed. The other half went to a Friendship Bench to meet with community members who’d been trained to give both one-on-one and group counseling.

Six months later, half of those who received basic treatment still showed symptoms of depression, whereas only 13 percent of those who participated in Friendship Bench program still had symptoms.

Mental health interventions often “select good therapists and basically bus them in,” adds Dr. Melanie Abas, a psychiatrist at King’s College London and one of the study’s co-authors. “This is really one of the few examples where treatments for common mental health problems have been delivered by people who actually live and work in the community.”

Most of the Friendship Bench counselors are older women who already command respect within their communities. And they’ve played a big role in stemming fears about seeking help for mental health issues,

The counselors avoid the Western terms “depression” and “anxiety,” which to many might sound foreign and unrelatable. Instead, the counselors may suggest that someone has been “thinking a bit too much” and guide them through the different stages of talk therapy, which in Shona are called kuvhura pfungwa (“opening of the mind”), kusimudzira (“uplifting”), and kusimbisa (“strengthening”). “We use indigenous terms,” Chibanda says. “These are words that people in the community can identify with.”

Traditionally, Zimbabweans with depression may see a healer about an exorcism — many view mental illness as a curse, Abas notes. People are more likely to admit they’ve got mental health issues when offered the relatively low-key alternative of chatting on a park bench.

The Friendship Bench initiative is now being expanded throughout Zimbabwe. So far, 27,000 people suffering from common mental health disorders have tried the program.

This strategy is not without drawbacks, Abas says. The community counselors require continual training and supervision, which is why they report to a district supervisor with more formal medical and psychological training. And funding is another issue. Right now, the program depends on grant money; the researchers say that the government will eventually have to pitch in to sustain the program.

Despite those complications, “it’s just a great model, and it’s impressive,” says Brandon Kohrt, an assistant professor of psychiatry at Duke University who wasn’t involved in the development of the Friendship Bench program or in the recent study.

“It’s often very stigmatizing to have to go to a mental health professional,” Kohrt says. “So it’s great that their approach didn’t require people to go to a location — like a psychiatric hospital — that was seen as somewhere only really ill incurable people went.”

The program also attests to the power of community, says Kohrt, and harnessing the community to support those suffering mental illness. He believes that “the lessons from this can be applied globally, even in high income countries.”

For Florence Manyande, at least, beyond helping her quell suicidal thoughts, the Friendship Bench has helped her build the sort of community she had been craving. At a group therapy session, Manyande says, “I made a friend who introduced me to a sister who had accommodation.” No longer homeless, Manyande learned to crochet bags, which she now sells to make money until she can find full-time employment. “My relationship with my relatives has also improved,” she says, “now that I don’t go to their houses begging for money or food.”

Most important, “I realized at the Friendship Bench I have someone who is willing to listen to my problems,” she says. “I was so happy about that.”

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Samsung EV battery offers 500km range with 20 minutes of charge

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373 miles of driving that can be "fast charged" in just 20 minutes.

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Samsung EV battery offers 500km range with 20 minutes of charge originally appeared on Autoblog on Mon, 09 Jan 2017 18:18:00 EST. Please see our terms for use of feeds.

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Kodak brings back classic Ektachrome color reversal film

Kodak Ektachrome color-positive film, beloved by portrait photographers and indie filmmakers alike, is rising from the dead. Kodak Alaris will start selling the classic 135-36x 35mm and Super 8 movie films in the fourth quarter of this year, the company said in a statement. The stock (also called reversal or slide film) was discontinued in 2012, and is known for its extremely fine grain and saturated colors. It’s also cherished by indie filmmakers for its ability to be "pushed," producing an artistically grainy effect (see the trailer for Buffalo 66, embedded below).

After a campaign of sorts by filmmakers like Martin Scorcese, Quentin Tarantino and Christopher Nolan, plus a deal forged with major studios, Kodak agreed to keep movie film stocks alive for the foreseeable future. Then, last year at CES 2016, the company unveiled a new digital hybrid Super 8 movie camera and film to go with it. Via a Kickstarter arrangement, Kodak also agreed to provide free film stock to student filmmakers to further encourage its use.

Ektachrome is an unusual format that produces a positive print suitable for slides or professional pre-printing processes. For that reason, it "became iconic in no small part due the extensive use of slide film by National Geographic Magazine over several decades," Kodak Alaris wrote. The E6 development process is more onerous than for regular films, but the company says many pro labs can still do it.

Kodak said the brand was in high demand by analog photographers. "We’ve been listening to the needs and desires of photographers over the past several years and wanted to bring back a color reversal film. In assessing the opportunity, Ektachrome was the clear choice," says Kodak Alaris President Dennis Olbrich. At this point, there’s no word on whether it’ll bring the stock back to Super 35mm or 16mm movie films.

Click here to catch up on the latest news from CES 2017.

Via: PetaPixel

Source: Kodak

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