Can Spanx Stores Fit Into America’s Malls?

Katy Perry says she feels fat without them. Gwyneth Paltrow famously doubled up after the birth of her first child. So Spanx, the “problem-solving” underwear brand, is definitely riding the celebrity train. But can it take on Victoria’s Secret?

Spanx founder Sara Blakely, a protégée of Sir Richard Branson, is gambling that women’s growing openness about their bodies will propel the undergarment company beyond department stores into dedicated storefronts. The first Spanx store, a 1,200-square-foot boutique, opened earlier this month in upscale Tysons Corner in McLean, Va. Others are coming soon to King of Prussia, Pa., and Paramus, N.J.

The stores will carry all of the brand’s 200-plus items, an advantage over department stores, which have limited space. That will allow Blakely to display her line of activewear (yoga pants, shorts, skirts) as well as the better-known bras and shapers; not to mention the Footless Body-Shaping Pantyhose that made Oprah’s “Favorite Things” list in 2000. Also included: Manx, also known as man-Spanx.

The sale here isn’t sexiness. Rather it’s about looking healthy and fit—even for those who are neither—and self-affirmation. “Cheer squads” and “transformation teams” greet customers, and the entire space is devoted to form and function. Shoppers will not be distracted by items that would look good only on an angel.

“That’s what we want women to feel when they walk in and out of our doors—stronger, happier, and better about themselves and their potential,” says Spanx Chief Executive Laurie Ann Goldman in the company’s Craigslist help-wanted ad. A personal trainer probably says the same thing but charges more and inflicts more pain.

Allen Adamson, a global brand expert from Landor Associates, says the appeal to body image could work. “Quick fixes work in this space. Anything that promises you’ll look five pounds thinner without having to do the work.”

Adamson compares Blakely with Martha Stewart, saying a CEO remaining out front as the face of the brand is more powerful than any advertising tool. “Momentum is everything in retail,” Adamson adds. “She has an advantage over Victoria’s Secret because she is the brand.”

Blakely, a former standup comedian, likes to say she “became notorious for lifting up my pant leg to every woman walking by.” But if her latest and boldest venture succeeds, it will be thanks to old-fashioned tireless marketing.

Katherine Davis is an online producer for Businessweek.com.

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Egypt’s Mursi calls referendum as Islamists march

CAIRO (Reuters) – Egypt‘s President Mohamed Mursi called a December 15 referendum on a draft constitution on Saturday as at least 200,000 Islamists demonstrated in Cairo to back him after opposition fury over his newly expanded powers.

Speaking after receiving the final draft of the constitution from the Islamist-dominated assembly, Mursi urged a national dialogue as the country nears the end of the transition from Hosni Mubarak‘s rule.

“I renew my call for opening a serious national dialogue over the concerns of the nation, with all honesty and impartiality, to end the transitional period as soon as possible, in a way that guarantees the newly-born democracy,” Mursi said.

Mursi plunged Egypt into a new crisis last week when he gave himself extensive powers and put his decisions beyond judicial challenge, saying this was a temporary measure to speed Egypt’s democratic transition until the new constitution is in place.

His assertion of authority in a decree issued on November 22, a day after he won world praise for brokering a Gaza truce between Israel and the Palestinian Islamist Hamas movement, dismayed his opponents and widened divisions among Egypt’s 83 million people.

Two people have been killed and hundreds wounded in protests by disparate opposition forces drawn together and re-energized by a decree they see as a dictatorial power grab.

A demonstration in Cairo to back the president swelled through the afternoon, peaking in the early evening at least 200,000, said Reuters witnesses, basing their estimates on previous rallies in the capital. The authorities declined to give an estimate for the crowd size.

“The people want the implementation of God’s law,” chanted flag-waving demonstrators, many of them bussed in from the countryside, who choked streets leading to Cairo University, where Mursi’s Muslim Brotherhood had called the protest.

Tens of thousands of Egyptians had protested against Mursi on Friday. “The people want to bring down the regime,” they chanted in Cairo‘s Tahrir Square, echoing the trademark slogan of the revolts against Hosni Mubarak and Arab leaders elsewhere.

Rival demonstrators threw stones after dark in the northern city of Alexandria and a town in the Nile Delta. Similar clashes erupted again briefly in Alexandria on Saturday, state TV said.

“COMPLETE DEFEAT”

Mohamed Noshi, 23, a pharmacist from Mansoura, north of Cairo, said he had joined the rally in Cairo to support Mursi and his decree. “Those in Tahrir don’t represent everyone. Most people support Mursi and aren’t against the decree,” he said.

Mohamed Ibrahim, a hardline Salafi Islamist scholar and a member of the constituent assembly, said secular-minded Egyptians had been in a losing battle from the start.

“They will be sure of complete popular defeat today in a mass Egyptian protest that says ‘no to the conspiratorial minority, no to destructive directions and yes for stability and sharia (Islamic law)’,” he told Reuters.

Mursi has alienated many of the judges who must supervise the referendum. His decree nullified the ability of the courts, many of them staffed by Mubarak-era appointees, to strike down his measures, although says he respects judicial independence.

A source at the presidency said Mursi might rely on the minority of judges who support him to supervise the vote.

“Oh Mursi, go ahead and cleanse the judiciary, we are behind you,” shouted Islamist demonstrators in Cairo.

Mursi, once a senior Muslim Brotherhood figure, has put his liberal, leftist, Christian and other opponents in a bind. If they boycott the referendum, the constitution would pass anyway.

If they secured a “no” vote to defeat the draft, the president could retain the powers he has unilaterally assumed.

And Egypt’s quest to replace the basic law that underpinned Mubarak’s 30 years of army-backed one-man rule would also return to square one, creating more uncertainty in a nation in dire economic straits and seeking a $ 4.8 billion loan from the IMF.

“NO PLACE FOR DICTATORSHIP”

Mursi’s well-organized Muslim Brotherhood and its ultra-orthodox Salafi allies, however, are convinced they can win the referendum by mobilizing their own supporters and the millions of Egyptians weary of political turmoil and disruption.

“There is no place for dictatorship,” the president said on Thursday while the constituent assembly was still voting on a draft constitution which Islamists say enshrines Egypt’s new freedoms.

Human rights groups have voiced misgivings, especially about articles related to women’s rights and freedom of speech.

The text limits the president to two four-year terms, requires him to secure parliamentary approval for his choice of prime minister, and introduces a degree of civilian oversight over the military – though not enough for critics.

The draft constitution also contains vague, Islamist-flavored language that its opponents say could be used to whittle away human rights and stifle criticism.

For example, it forbids blasphemy and “insults to any person”, does not explicitly uphold women’s rights and demands respect for “religion, traditions and family values”.

The draft injects new Islamic references into Egypt’s system of government but retains the previous constitution’s reference to “the principles of sharia” as the main source of legislation.

“We fundamentally reject the referendum and constituent assembly because the assembly does not represent all sections of society,” said Sayed el-Erian, 43, a protester in Tahrir and member of a party set up by opposition figure Mohamed ElBaradei.

Several independent newspapers said they would not publish on Tuesday in protest. One of the papers also said three private satellite channels would halt broadcasts on Wednesday.

Egypt cannot hold a new parliamentary election until a new constitution is passed. The country has been without an elected legislature since the Supreme Constitutional Court ordered the dissolution of the Islamist-dominated lower house in June.

The court is due to meet on Sunday to discuss the legality of parliament’s upper house.

“We want stability. Every time, the constitutional court tears down institutions we elect,” said Yasser Taha, a 30-year-old demonstrator at the Islamist rally in Cairo.

(Additional reporting by Marwa Awad, Yasmine Saleh and Tom Perry; Editing by Myra MacDonald and Jason Webb)

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Study: DVRs now in half of US pay-TV homes

NEW YORK (AP) — A new survey finds that digital video recorders are now in more than half of all U.S. homes that subscribe to cable or satellite TV services.

Leichtman Research Group‘s survey of 1,300 households found that 52 percent of the ones that have pay-TV service also have a DVR. That translates to about 45 percent of all households and is up from 13.5 percent of all households surveyed five years ago by another firm, Nielsen.

The first DVRs came out in 1999, from TiVo Inc. and ReplayTV. Later, they were built into cable set-top boxes. The latest trend is “whole-home” DVRs that can distribute recorded shows to several sets.

Even with the spread of DVRs, live TV rules. Nielsen found last year that DVRs accounted for 8 percent of TV watching.

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No charges against Chris Brown in Fla. phone grab

MIAMI (AP) — Grammy-winning singer Chris Brown won’t be charged with a crime after a woman claimed he snatched her cell phone when she tried to take his photo outside a Miami Beach club.

A memo released Friday by the Miami-Dade County State Attorney‘s office concludes there is no evidence that Brown intended to steal the phone in February or that he deleted the photo. One or the other is necessary for him to be charged.

Prosecutors say that Brown tossed the phone from his limo and that it was picked up by security.

A felony charge against the 24-year-old might have triggered a violation of his probation for his 2009 assault on singer Rihanna, who was his girlfriend at the time. The two have recently collaborated on a new duet.

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Study links relaxation method to reduced hot flashes

NEW YORK (Reuters Health) – Although studies of the effects of relaxation techniques on menopause symptoms have yielded mixed results so far, a new report from Sweden comes down in favor of the approach as an alternative to hormone therapy.

Postmenopausal women trained to relax before and during the onset of hot flashes cut the frequency of those events in half during the three-month trial, researchers say. Women in a comparison group that got no treatments experienced little change in their symptoms.

“The results tell you that, yes, this seems to work,” said Kim Innes of West Virginia University, who has studied mind-body therapies for menopause symptoms but was not involved in the new study. “This was a moderate-sized trial that yielded promising – although not definitive – findings regarding the efficacy of applied relaxation,” she told Reuters Health.

In a review of more than a dozen previous clinical trials involving mediation, yoga and Tai Chi therapies, Innes concluded that these techniques may hold promise for relieving menopause symptoms, but it’s too soon to tell.

In the years just before and after menopause, fluctuating hormone levels can generate a wide variety of symptoms, among the most bothersome are sudden flushing, night sweats and insomnia.

Hormone replacement therapy is thought to help by stabilizing the fluctuations, but not all women can take hormones because of other health conditions or risk factors, and many don’t want to because of possible risks from the hormones themselves.

“A lot of women in Sweden do not want to or cannot use hormone therapy due to side effects,” said lead author of the new study Lotta Lindh-Åstrand of Linköping University.

So Lindh-Åstrand’s team set out to test the effects on menopausal hot flashes and quality of life of a method called applied relaxation that was developed in Sweden in the 1980s, based on type of psychotherapy called cognitive behavioral therapy.

The researchers recruited 60 healthy Swedish women and randomly assigned a little more than half to practice applied relaxation and the rest to a comparison group that received no treatment. The women, mostly in their fifties, had all stopped menstruating a year or more earlier but still experienced hot flashes and night sweats.

The 33 women in the therapy group learned how to focus on breathing and releasing muscle tension before and during hot flashes.

For the first week, the women observed and recorded what they felt before and during a hot flash or other menopausal symptom. Next, the women were encouraged to spend 15 minutes twice a day tensing and relaxing muscles from head to toe. Gradually, women learned how to decrease the time needed to relax by focusing on controlled breathing and not tensing the muscles. Toward the end of the study, the women were instructed to practice relaxation 20 times a day in 30-second sessions. The final “homework” exercise required the women to use these breathing and relaxation skills to quickly relax during a hot flash situation.

At the beginning of the study, all the participants experienced an average of 10 hot flashes a day. After three months, researchers report in the journal Menopause, the applied relaxation group had an average of four flashes a day while the comparison group averaged eight.

The researchers also found modest improvements in quality of life measures, including sleep problems and aches and pains, among women in the relaxation group, while the comparison group reported no changes.

Innes and other researchers said the mechanism behind mind-body therapies and their effect on menopausal symptoms is not completely understood, but it could be linked to the sympathetic nervous system, which is responsible for “fight or flight” responses as well as basic functions like heart rate, blood pressure and sweating.

Lindh-Åstrand and her colleagues warned that the results were not final and more research is needed.

“The next step,” Innes said, “would be a larger randomized controlled trial” that includes an active comparison, for instance, between relaxation techniques and physical exercise.

Such a study could help build a stronger argument for applied relaxation as a treatment, experts agreed.

Lindh-Åstrand stressed that relaxation techniques are not for everyone, especially for women who suffer from severe depression or anxiety. Women with these conditions could paradoxically feel more tense under the treatment, she said.

But for many women, she added, “this gives them a tool for managing hot flashes.”

“Over time, the women can be more self-confident because they know they can do something when the problem appears,” Lindh-Åstrand said.

SOURCE: http://bit.ly/XWJkv5 Menopause, November 12, 2012.

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Why Jim Rogers Should Be Energy Secretary

In the middle of Superstorm Sandy, we provoked a little storm of our own with a cover story entitled, “It’s Global Warming, Stupid.”

We suggested, perhaps not quite as politely as we might have, that it is past time to take climate change seriously and get the debate restarted on a national level. Toward that end, here is a constructive suggestion for President Barack Obama: Nominate soon-to-be-available power guru Jim Rogers to be your second-term Secretary of Energy. It is widely assumed that Obama’s current energy chief, Steven Chu, will step down, along with many other members of the cabinet.

The most dynamic executive in his industry, Rogers, the chief executive of Charlotte-based Duke Energy (DUK), has spent a career building ever-bigger utilities. He knows coal, gas, nuclear, solar, wind. He’s done all of them. And he recognizes the need to forge a national energy policy that sharply reduces carbon emissions that contribute to global warming and the extreme weather it is increasingly visiting upon our little planet. In the past, Rogers has backed cap-and-trade legislation, facing down industry rivals who tried to isolate him as a pariah. He would be the perfect architect of and spokesman for a new, outside-the-box approach to reducing carbon. And would Republicans really oppose the appointment of an energy industry CEO?

Rogers is available for a turn at public service because of a baroque corporate boardroom power struggle last summer, which we chronicled here. The upshot of that fight—during which Rogers gave up his CEO job as part of Duke’s acquisition of rival Progress Energy, only to be reinstalled by legacy Duke directors—is that Rogers has just agreed (again) to step down, by the end of 2013, to mollify state regulators who were irritated by the earlier C-suite switcheroo.

So Rogers is available. Obama needs a strong voice on global warming and, more broadly, national energy policy. The Duke CEO could speed up his departure from the corporate realm and move from Charlotte to Washington in time to get a fresh start just after Obama gets sworn in for a second go-round. We’ve got word in to Rogers to see if he’s interested and will report back as soon as we hear.

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Oliver Stone, Benicio del Toro visit Puerto Rico

SAN JUAN, Puerto Rico (AP) — Benicio Del Toro didn’t wait long to collect on a favor that Oliver Stone owed him for working extra hours on the set of his most recent movie, “Savages”, released this year.

The favor? A trip to Del Toro‘s native Puerto Rico, which Stone hadn’t visited since the early 1960s.

“I told him, you owe me one,” Del Toro said with a smile as he recalled the conversation during a press conference Friday in the U.S. territory, where he and Stone are helping raise money for one of the island’s largest art museums.

Del Toro, wearing jeans, a black jacket and a black T-shirt emblazoned with the name of local reggaeton singer Tego Calderon, waved to the press as he was introduced.

“Hello, greetings. Is this a press conference?” he quipped as he and Stone awaited questions.

Both men praised each other’s work, saying they would like to work with each other again.

“I deeply admire him as an actor, the way he thinks, the way he expresses himself,” Stone said. “Of all the actors I’ve worked with, he’s the most interesting.”

Stone said Del Toro always delivers surprises while acting, even when it’s as something as subtle as certain gestures between dialogue.

“I think Benicio is the master of keeping you watching,” he said.

Stone said he enjoys meeting up with Del Toro off-set because he’s one of the few actors in Hollywood who can talk about something other than movies.

“He is very interested in the world around him,” Stone said, adding that the conversations sometimes center around politics and other topics.

Del Toro declined to answer when asked what he thought about Puerto Rico’s referendum earlier this month, which aimed to determine the future of the island’s political status. He said the results did not seem to point to a clear-cut outcome.

Del Toro then said he would like the island’s movie business to grow, especially in a way that would encourage learning.

“I’m talking about movies in an educational sense, as a way to discover other parts of the world,” he said. “Create a film class. You’ll see, kids won’t skip it.”

Del Toro also shared his thoughts on being a father after having a daughter with Kimberly Stewart in August 2011.

He said the girl is learning how to swim and is discovering the world around her.

“She has her own personality,” Del Toro said. “She’s not her mother. She’s not me.”

Both Del Toro and Stone are expected to remain in Puerto Rico through the weekend to raise money for the Art Museum of Puerto Rico, which is hosting its annual movie festival and will honor Stone’s movies.

Museum curator Juan Carlos Lopez Quintero said the money raised will be used to enhance the museum’s permanent collection, especially with Puerto Rican paintings from the 19th century and early 20th century.

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Dear President Obama: My White House petition requires your magical powers

By Chris Wilson

Since President Barack Obama won reelection, the White House website for citizen petitions has received secession requests from all 50 states. In the case of Texas, more than 100,000 people have endured the inconvenience of entering their name and email address in order to support the state’s bid for autonomy. Apparently, in a sign of Americans’ growing distaste for physical activity, 2012 is the year when people stopped threatening to move to a foreign country if their candidate lost the presidency. Instead, they want foreign countries to move to them.

The forum-happy Internet activism crowd has never had a realistic sense of what happens when you to plug government directly into the Ethernet port. This is what happens: In addition to petitions for secession, you get ones calling for Bigfoot to be recognized as an endangered species, naturopathic medicine to be covered by Obamacare, and funding for a Death Star beginning in 2016.

The petition website, called We the People, is not very useful as a guide to what Americans really care about. But it is useful as a guide to how people think of what the government can do, down to the specific words the authors use in the petitions.

Of the 300 most recent petitions, only three request that the government “protect” something—states rights, email privacy, the planet—while seven request that it “recognize” something—same-sex marriage, hate groups, and so forth. Dozens ask that Obama “grant” or “allow” a certain privilege, while only a few suggest he “ban” an action or “prevent” an outcome.

The interactive below arranges the petitions into a tree structure by the principal verb in the title. When you click a blue dot, the tree expands to show all the petitions that begin with that verb. You can mouse over those branches to see the original wording of the petition and search for any word you like by typing a phrase into the box at the top.

 

Bigfoot aside, most of the petitions on the site are earnest. This does not mean they are all sane. About 37,000 people have signed a petition suggesting that it be illegal to offend the prophets of major religions. Another petition demands recognition that Israel is responsible for 9/11—that one with only some 600 signatories.

But many present very good ideas. There’s one for reforming the Electoral College and another that suggests all scientific papers based on taxpayer-funded research should be freely accessible online.

If there is one binding force behind the petitions, it is that most of them request that Obama intercede in matters that he has no authority over or rightful business meddling with, regardless of where one comes down on the subject of big government. While the site is technically designed to lobby the government, most petitions appear personally directed at Obama.

Even the petitions to secede are written in a tone of distinct obeisance: “Peacefully grant the state of Connecticut to withdraw from the United States of America and create its own new government.” Oregon’s petition is particularly careful to specify that there are no hard feelings: “Allow Oregon to vote on and leave the union peacefully and remain an ally to the nation.”

Secession always seemed to me to be something that, by definition, you did without asking permission. (Mutual breakups are as rare in history as they are in love.) But for all the rampant anti-government sentiment in America, many people still believe the president is an omnipotent force who can pass laws on a dime, ban unsavory behavior, manipulate foreign countries with precision, expel citizens at will and otherwise bend the world to his fancy.

This does not mean people love the government. We know they do not. But they still want it to fix their problems with as little trouble as possible.

---

There are some great open-source tools, like Python’s Natural Language Toolkit, that can automatically identify verbs and objects in sentences with fairly high accuracy. But a lot of human intervention is still required to clean up the results. I posted the code for retrieving the petitions from the White House website on my Github page, and the White House offers the full code for the petitions website on its Github page. Questions or comments? Email me at [email protected]
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Voters Come Clean on Health Care

Nov 29, 2012 1:56pm

Reported by Dr. Nisha Nathan:

 Voters who backed President Obama and those who supported Mitt Romney just can’t seem to agree on key health care issues, a new study suggests. But they’ll have to compromise if they want change in Washington.

The study, which drew on the combined data of three pre-election and exit polls, found that Obama supporters were three times more likely to say that health care was the most important problem facing the country.

These polls are a “very good prediction of what positions administrators will take on, and what directions they will move, especially in health and social policy,” said Robert Blendon, a professor of health policy at Harvard University and lead author of the study published Wednesday in the New England Journal of Medicine. But, Blendon added, “People’s views could change and shift and might not be as polarized as reflected in the polls.”

The majority of voters, according to the study, saw President Obama as better than Mitt Romney at handling key issues in health care and Medicare, but not as good as his Democratic predecessors in the three previous elections.  And while most Americans — 85 percent of Obama voters and 53 percent of Romney voters — agreed that the government should try to fix the health care system, how this fix should happen remained a point of contention.

Obama voters wanted the Affordable Care Act instituted and supported a more activist government that would intervene more directly in the U.S. health care system. They also opposed changing the structure of the Medicare and Medicaid programs.

Obama supporters also wanted the federal government to have more responsibility in health care reform, but they disagreed on how the the government should use this responsibility.  The party remains split between the market approach in which the government provides incentives for healthy competition between hospitals, doctors and health insurance companies, and increased regulation of what insurance companies, doctors and hospitals can charge.

Abortion is another controversial health issue in which the country remains strongly divided. Forty-five percent of Obama voters thought that abortion should be legal no matter what, while 57 percent of Romney followers wanted abortion to be illegal in most or all cases, according to the study. Blendon said the president would likely have to balance both parties’ views, a move that might pan out through Planned Parenthood funding and Supreme Court appointments.

While Obama’s narrow win would force a delicate balance in health policy decisions, Blendon predicted that Romney followers would still be slightly disappointed. “The Affordable Care Act is not going to be repealed, and it will go ahead,” he said. But with the Senate maintaining a Democratic majority and the House of Representatives staying Republican, there will have to be a lot of compromise when it comes to health care.

Expect push back, Blendon said. “In many parts of the country, this will not go ahead rapidly, even though the president won the election.”

SHOWS: World News

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UK banks ‘may need more capital’

29 November 2012 Last updated at 10:27 ET

Sir Mervyn King: “This problem is manageable, but it requires some action now”

Major UK banks may need to raise more capital as protection against possible future losses, the Bank of England’s Financial Policy Committee has said.

Bank governor Sir Mervyn King said there were “good reasons” to think current capital ratios did not give an accurate picture of financial health.

His comments came as he presented the Bank’s Financial Stability Report.

The report suggested that the ‘Big Four’ UK banks need £5bn-£35bn of new capital.

However, BBC business editor Robert Peston said, “the precision of this calculation is somewhat to be questioned because it is based on 2011 data and also because it excludes the banks’ huge financial trading activities”.

The main UK banks include HSBC, Barclays, Royal Bank of Scotland and Lloyds.

‘Immediate attention’ needed

Sir Mervyn said: “UK banks currently report substantial buffers over the minimum level allowed”.

Continue reading the main story

Sir Mervyn and his colleagues on the FPC may today have engineered yet another significant delay to the moment when taxpayers can celebrate severing the ties that bind us to Lloyds and RBS”

End Quote

“But, in judging whether banks are adequately capitalised, we need to ensure that reported capital ratios do in fact provide an accurate picture of banks’ health. At present there are good reasons to think that they do not.”

He said there were three reasons why the Bank of England thought that the banks were not strong enough.

“First, expected future credit losses may be understated. Second, costs arising from past failures of conduct may not be fully recognised. And third, the risk weights used by banks in calculating their capital ratios may be too optimistic”.

Sir Mervyn added: “The problem is manageable, and is already understood at least in part by markets. But it does warrant immediate attention.”

Mis-selling costs

Inadequately capitalised banks hold back economic recovery and undermine investor confidence, he added.

The Bank is being granted greater regulatory oversight over banks from next year when it takes over the Financial Services Authority. One of its primary roles will be to make sure UK banks have sufficient capital to support the economy, said Sir Mervyn.

Adequate capital levels are also needed in the face of rising costs related to banking scandals.

This year, HSBC and Barclays were respectively hit by penalties over money-laundering and the alleged rigging of the Libor rate.

Meanwhile the banks have set aside billions of pounds to cover claims for payment protection insurance (PPI) mis-selling.

“In recent years, UK banks have also underestimated and underprovisioned for costs for conduct redress, notably for payment protection insurance (PPI) mis-selling,” the stability report said.

“In 2012, the number of identified conduct issues has grown and it seems likely that banks could face additional sizable costs.”

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