May 20, 2024

Archives for January 2018

Russia brings security of gas supply to Europe – Austria’s top energy firm

Sanctions anyone? US receives Russian LNG shipment, 2nd tanker reported on its way (VIDEO)

“Security of gas supply is crucial, and Gazprom brings it,” said OMV’s member of the executive board Manfred Leitner speaking before the European Gas Conference in Vienna on Tuesday.

“It means gas to heat houses, schools, hospitals and for European energy. The gas comes safely and at an affordable price,” Leitner said.

Leitner urged to stop being skeptical about Russia, given that the European gas production has been declining.

“If you look to Russia, they have the largest natural gas reserves in the world. In order to gain security of supply we have a chance to be directly linked to the biggest reserves of gas,” he said.

He added that, “obviously cyclical connection to these gas reserves is through the Nord Stream 2.”

Russia plans to build the Nord Stream 2 pipeline under the Baltic Sea to Germany and double the existing pipeline’s capacity of 55 billion cubic meters per year.

How long can Europe survive without Russian gas?

The project has faced fierce resistance from some EU members, especially from the Baltic States and Poland. They say the pipeline will cut gas transit through Ukraine and will result in a Russian monopoly in the EU gas market. Poland has also a goal to become a European hub for the liquefied natural gas, coming mostly from the United States and Qatar.

Moscow has repeatedly said the project is strictly about business, and ensures stable and affordable supplies of gas to Europe.

Initially, Gazprom intended to have a 50 percent plus one share in the company, with the rest of the shares divided between Germany’s Uniper and Wintershall, Austrian OMV, France’s Engie and Anglo-Dutch Shell. US sanctions against Russia and European red tape stopped the companies from participating in the project directly, but they have pledged to stay in the project and finance it anyway.

The United States has been thwarting the project, as it wants to become a big player on the European gas market by shipping LNG to the continent. At the same time, America continues to import Russian LNG to satisfy the domestic demand.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/417388-russia-gaprom-nord-stream-omv/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Airliner fueled by mustard seed oil takes flight from US to Australia

In addition to 90-percent regular jet fuel, the airplane burned 10 percent of blended fuel, which has been derived from brassica carinata, an industrial type of mustard seed that functions as a fallow crop. The seed can be grown by farmers in between regular crop cycles. One hectare of seeds yields 400 liters of biofuel and 1400 liters of renewable diesel.

The process has been developed by Canadian agricultural-technology company Agrisoma Biosciences. According to its CEO Steve Fabijanski, mustard seeds are not only easily converted into jet fuel, but there are other advantages including producing animal meal after the oil extraction.

“It’s a tough crop. It grows where other crops won’t grow. It doesn’t need much water and it’s well understood by farmers,” he said as cited by the Australian website Traveller. “They can grow it and do well with it.”

Final destination: Flight 666 makes last trip to HEL on Friday the 13th

Carinata-derived fuel reportedly offers more than 80 percent reduction in carbon emissions compared with traditional jet fuel.

Qantas’ historic flight comes as the airline was named the least efficient carrier in the region. The International Council on Clean Transportation reported this month that the airline burnt the most carbon of major airlines that fly across the Pacific.

The CEO of Qantas International, Alison Webster, said that despite the unusual fuel, Monday’s flight would be routine.

“The biofuel goes through exactly the same certification and tests as standard aviation,” which includes engineering, safety and performance checks.

The company aims to have flights running regularly on biofuel (not necessarily carinata-derived fuel) by 2020. According to its spokeswoman, Qantas plans setting up an Australian biorefinery in the near future in partnership with Agrisoma Biosciences.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/417372-biofuel-flight-mustard-seed/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Radioactive toxic waste from Chernobyl used to ensure cryptocurrency’s security

As part of their ‘Powers of Tau’ ceremony designed to create and then dispose of cryptographic “toxic waste,” Ryan Pierce and Andrew Miller used radioactive graphite sourced from the core of Chernobyl’s infamous nuclear facility to create low-level gamma and beta radiation – which were then converted into random numbers used to generate zcash’s public cryptography parameters.

“Powers of Tau is all about generating and safely disposing of cryptographic ‘toxic waste’. So, what better way to generate entropy than with actual radioactive toxic waste?” Miller wrote in a message published on the zcash mailing list.

To further guarantee that the digital ‘waste’ didn’t fall into the wrong hands, Pierce and Miller performed the procedure 3,000 feet (approx. 1km) above sea level on a small private aircraft in the airspace above Illinois and Wisconsin.

Far from being tin-foil paranoids, zcash developers conducted their unusual airborne ceremony in order to ensure that the code used to create zcash cannot be compromised in any way by outside actors – a vital factor in creating confidence in the cryptocurrency.

READ MORE:McAfee: Half the world will be using cryptocurrencies in 5 years

According to Miller, the compute time took approximately 30 minutes and, at least in theory, successfully created a completely random, secure piece of code with which to build zcash – which may now even be immune to nuclear catastrophe.

Zcash is currently the world’s 26th most valuable cryptocurrency with a market cap of over US$1.3 billion, according to CoinMarketCap website.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/417364-zcash-chernobyl-secrecy/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Some Russian businessmen made the US blacklist just for being successful

Arkady Volozh

Worth $1.1 billion, Volozh is the founder and CEO of the Russia’s largest IT company, Yandex. The company is Google’s main rival on the Russian market, offering various services like a search engine, smartphone apps, its own in-house maps and navigation systems, music streaming service, and taxi service. Yandex is a private and publicly-traded company, and has no state participation.

Russian President Vladimir Putin made a public visit to the Yandex Moscow office in September for the company’s 20th anniversary. Does that count as ‘Kremlin meddling’ in company affairs? That seems to have been the logic in Washington.

Sergey Galitsky

Sergey Galitsky is the founder and CEO of Magnit – Russia’s biggest supermarket chain and cosmetics retailer with more than 14,000 stores. His net worth is $4.4 billion, according to Forbes estimates.

Magnit is also a publicly-traded company without Russian state participation, with an IPO in 2006. Galitsky is a huge soccer fan, and owns the soccer team FC Krasnodar and a soccer academy. He has invested about $460 million in Krasnodar’s new stadium.

The new stadium was visited by Putin, where Galitsky shook hands with the president. That must have been enough to make the US Treasury’s blacklist.

Oleg Tinkov

Oleg Tinkov is the founder and owner of Tinkoff Bank, which has issued 6.4 million credit cards and has an almost 10-percent market share in Russia. Working online mostly, Tinkoff claims to be the largest internet bank in the world. Oleg Tinkov is worth $2.4 billion, according to Forbes.

Tinkov is famous in Russia for his flamboyant behavior, but has repeatedly said he is apolitical. He claims he saw Putin only once in his life in 2000. Some mainstream media outlets have even branded Tinkov as opposition to the Kremlin.

Yuri Milner

Russia’s most influential tech investor, Yuri Milner was an early investor in Facebook and Twitter. He is worth $3.5 billion, and has interests in Chinese tech companies, including online retailers Alibaba and JD.com, and smartphone producer Xiaomi.

“While growing up in the Soviet Union, my father’s advice was ‘stay away from politics.’ My father was a wise man, and ‘staying away from politics’ was one of the reasons I became a scientist early on. I have been following this principle ever since,” Milner said in a Forbes interview last September.

Following his father’s advice didn’t help the entrepreneur stay out of the crosshairs of the US government.

Evgeny Kaspersky

Kaspersky Lab is one of the largest antivirus producers in the world. Founder Evgeny Kaspersky’s net worth is $1.3 billion.

Kaspersky Lab has long been targeted by Washington. The company’s software has faced bans over alleged meddling in the 2016 US presidential election.

The company has fiercely denied it conducts espionage on behalf of the Russian government. Kaspersky has said he would move the company out of Russia if he was asked to spy for the Kremlin.

“They are just hitting at everything Russian. Since we are working there, we got hit, too” he said in response to US government action against his company.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/417359-wealthy-russian-kremlin-list/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

US sanctions against Russia’s Power Machines contradict WTO regulations, company says

The US Treasury Department has extended the list of Russian individuals and companies subject to sanctions imposed on Moscow over the Ukraine crisis. The list includes those allegedly involved in delivering Siemens turbines to Crimea. The peninsula in the Black Sea has been under international sanctions after breaking away from Ukraine and joining Russia in 2014.

Siemens wants to sell its turbines to Russia despite Crimea controversy

Among the companies accused of working in Crimea is Power Machines, which has been cooperating with Siemens on the production of turbines, as well as the Technopromexport engineering company (part of the Rostec State Corporation), which is building two power plants in Crimea.

“The US sanctions against Power Machines are illegal and contrary to the rules of the World Trade Organization, which includes the United States of America and Russia. As to the formal side of the reasons for inclusion in the sanctions list, they are far-fetched and absolutely inconsistent with the reality,” the statement said.

The company has been accused of involvement in the contract between Siemens Gas Turbine Technologies and Technopromexport for gas turbines supplies, but has denied all the accusations.

It also pointed to the fact that US authorities have filed no claims against Siemens, which owns a 65 percent stake in Siemens Gas Turbine Technologies, and it was not included on the sanctions list.

“This logic does seem strange. Apparently, they believe that it is the Russian company that should be punished even if it has nothing to do with the situation,” Power Machines said. It added that hopes the “US state departments will still take a constructive stand, sort out the situation objectively and lift the unfounded sanctions imposed on Power Machines.”

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/417351-us-sanctions-russia-wto/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

China Could Target U.S. Firms if Trump Levies Tariffs, Group Warns

Chinese officials were not specific on what form of retaliation Beijing would take, Mr. Zarit said.

“What we have urged our interlocutors is that if there is some kind of tariffs, and if the Chinese do want to retaliate, that they do so maturely and with precision, so as not to adversely affect their own economy,” he said.

The relationship between President Trump and President Xi Jinping of China got a promising start last year at Mar-a-Lago, but this year ties between the world’s two largest economies could be rocky. Of particular concern are trade disputes and a longstanding argument over how to handle a nuclear-armed North Korea.

Last week, the Trump administration unveiled tariffs on imports of solar panels and washing machines — industries dominated by Chinese and South Korean businesses.

If China does strike back, the two biggest likely targets would be the agriculture and aircraft industries, said Lester Ross, chairman of AmCham China’s policy committee.

“From the Chinese government’s perspective, I think it would be likely that it would target sectors that have political resonance in the United States,” he said.

China imported $21.4 billion in American agricultural products in 2016, according to government data, more than half of which was soybeans.

“Agriculture affects a sector where the United States enjoys a surplus and where there are competitors in other parts of the world for the commodities that China imports,” Mr. Ross said. “And the producers are predominantly in states which voted for President Trump.”

Newsletter Sign Up

Continue reading the main story

He noted that Boeing, the aircraft maker, would be “another obvious example” of a company that could be in Beijing’s cross-hairs if the Trump administration imposes trade sanctions against China.

Advertisement

Continue reading the main story

Boeing competes against Airbus of Europe to sell jetliners to Chinese carriers. This month, President Emmanuel Macron of France said on a visit to China that an $18 billion contract with it for 184 Airbus A320 narrow-body jets would be finalized soon, according to Reuters.

Yukui Wang, a spokesman for Boeing, declined to comment.

China could also consider initiating antidumping investigations of American imports of other products, contending that they are sold below their fair value and subsidized by the United States, Mr. Ross said.

China remains an important market for some of the largest corporations in the United States, and their fortunes are tied in part to the Chinese authorities’ willingness to let them sell products or operate businesses there. That has made them fearful of complaining publicly about lack of market access and other regulatory problems. Their worries include being subject to unannounced government audits or facing antimonopoly investigations.

In AmCham’s business climate survey, three-quarters of respondents said they felt less welcome in China, a slight drop from levels in the previous two years.

But American companies increasingly believe that some changes in China’s business and trade practices need to be made, Mr. Zarit said.

“There’s a sense that strictly just dialogue has not really brought much in terms of progress,” Mr. Zarit said. “So perhaps some pressure will help get us more progress to a more balanced economic and commercial relationship.”

On paper China has more to lose from a trade war, as it exports more to the United States than it imports. Still, it is less trade-dependent than it was in the past, according to an analysis by Capital Economics, a London-based research company. Exports to the United States contribute only 2 percent to China’s annual economic output, and Beijing has “far greater leeway to make life difficult for U.S. firms.”

“The chances of China acquiescing to U.S. demands by leveling the playing field for firms selling to or investing in China are low,” it said in a report.

In an editorial last week, the newspaper Global Times, which is controlled by the Communist Party, said China could also restrict sales of American cars and the flow of Chinese students going to the United States. China could also sell its holdings of United States Treasury bonds, it noted.

Advertisement

Continue reading the main story

“The easiest solution would be for U.S. leaders to realize as soon as possible that China is not a tamed sheep they can manipulate,” the editorial said.

Continue reading the main story

Article source: https://www.nytimes.com/2018/01/30/business/trump-china-tariffs-retaliate.html?partner=rss&emc=rss

Vegetable-based cryptocurrency pulls exit scam, leaves ‘penis’ behind

Prodeum – an ICO (Initial Coin Offering) built on Ethereum – was exposed as a scam after all data was removed from its website, prodeum.io, except the word “penis.” The link to the website now redirects to a bitcoin related Twitter page.

The company’s Twitter account is no longer in existence and Prodeum’s page has also been removed from Token Desk – a website that promotes various ICOs. An ICO is the unregulated means by which funds are raised for a new cryptocurrency venture.

The Prodeum project claimed to be based out of Vilnius, Lithuania, according to a press release and its whitepaper. “Startup company Prodeum.io is about to revolutionize the fruit and vegetable industry with the use of Ethereum blockchain technology,” the press release stated.

The project apparently wanted to change standards in price look-up (PLU) codes to include a detailed history of the produce along with pricing information. The reasoning behind this was a growth in health conscious consumers who were interested in knowing where their fruit and vegetables came from.

Cryptocurrency crime wave could be dead ahead

“People want to know if the produce they are buying has been exposed to harmful pesticides or pollutants,” a quote from the press release said. The company claimed it was also in discussions with the International Federation for Produce Standards.

Prodeum outlined its bigger ambitions in its whitepaper – among them FDA approval.

“One of the biggest goals for Prodeum is to create an FDA-approved process for implementing aPLU (advanced PLU) codes onto pieces of products.”

The document says the concept was first pitched in July 2017 while tokens were created on the Ethereum blockchain in January 2018. Plans were in line to carry out advanced PLU trials in Lithuania followed by the USA later this year. However, almost all signs of the venture have now disappeared.

It’s not clear how many investors were duped by the short lived scam, but it appears to be minimal. Its entry on ICO Watchlist indicates Prodeum completed 18 percent of its funding goal. Meanwhile the address given for ICO fundraising shows there were fewer than 50 transactions made in total.

A user claiming to be behind the scam said on a forum that Prodeum was a failure, only making $3,000. The supposed creator apologized and vowed to refrain from future scams. “Remember that all ICOs are scams,” the message concluded.

At the end of the white paper the Prodeum team are named with links to their LinkedIn profiles. The profile of Petar Jandric, who is listed as Senior Ethereum Developer, is no longer available.

Another individual listed as lead engineer and strategist has posted on his LinkedIn profile to explain he was the victim of identity theft and to clarify he had no connection with the project.

READ MORE: $500mn crypto heist: Japanese exchange Coincheck halts trade, ‘deeply sorry’ for users’ loss

Article source: https://www.rt.com/business/417336-crypto-vegetable-scam-penis/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

McAfee: Half the world will be using cryptocurrencies in 5 years

“In five years’ time, over half the world, I promise you, will be using cryptocurrency,” the legendary security software pioneer told RT correspondent Miguel Francis-Santiago during the Asia blockchain cruise hosted by CoinsBank. “And the half that does not is going to be the half that probably does’t have smartphones or any access to the internet,” McAfee added.

The blockchain conference in Phuket, Thailand, boasted more than 1,000 participants from 50 different countries – including more than one hundred Russian ICOs (Initial Coin Offerings), which hoped to attract cryptocurrency investments to raise fast cash for their start-up companies.

$1mn by 2020: John McAfee will still ‘eat his own d*ck’ if he’s wrong about Bitcoin

One of the more unique ICOs looking for crypto investors during the cruise was Mark Space, a Russian company that offers users an easily-customizable 3D virtual reality platform to develop and showcase their ideas or products. With the help of the company’s “virtual constructor,” users can effortlessly build virtual spaces – a process so easy that “even kids can do it,” Mark Space co-founder Denis Polulyahov told RT.

But while the cruise’s enthusiastic participants soaked up the sun (and liquor), their precious bitcoins took an unwelcome dip. According to Bloomberg, when the cruise began, the price of Bitcoin was comfortably above $13,500. By the time their ship arrived in Thailand, bitcoin had slumped to $10,000.

However, this didn’t seem to bother the hundreds of blockchain disciples who attended the event, who shared McAfee’s boisterous optimism for its bright future. McAfee himself has even promised to eat his own man meat if one bitcoin isn’t priced at $1 million by 2020.

Article source: https://www.rt.com/business/417332-bitcoin-blockchain-mcafee-5-years/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Tronc Names New Editors at The Daily News and The Los Angeles Times

Mr. Rich, who served as the editor in chief of The Daily News for a 13-month period that ended in 2016, will return to his former post on Wednesday, Tronc said. Most recently, he was the executive editor of HuffPost, a job he left in December, when he said he planned to start a nonprofit news site.

During his last stint at the tabloid, Mr. Rich, 46, distinguished himself with attention-grabbing headlines that excoriated Republican leaders. After Donald J. Trump won the New Hampshire primary during the 2016 presidential campaign, for instance, the Daily News front page included an image of the candidate in clown makeup with the headline “Dawn of the Brain Dead — Trump comes back to life with N.H. win.”

Mr. Rich, whose departure from the Daily News in 2016 shocked staff members, will take over for Arthur Browne, who retired at the end of December.

In a statement announcing the changes, Justin C. Dearborn, the chief executive of Tronc, said, “We are continuing to invest in high quality journalism, which will always be the company’s top priority.” He called Mr. Kirk a “talented news veteran” and Mr. Rich “a well-established media professional.”

Tronc, which publishes newspapers including The Chicago Tribune and The Baltimore Sun, is trying to leave behind a bruising period marked by rising turmoil in the newsrooms of The Daily News and The Times.

The Daily News, which Tronc acquired in September from the real estate and media mogul Mortimer B. Zuckerman, recently suspended its managing editor, Rob Moore, and its Sunday editor, Alexander Jones, because of sexual harassment allegations made against them by current and former employees.

Photo
Jim Kirk at The Chicago Sun-Times. Mr. Kirk, who joined Tronc in August, will take over as The Los Angeles Times’s editor in chief. Credit Lyndon French for The New York Times

At The Times, Ross Levinsohn, who was named publisher in August, was put on leave after National Public Radio published an article that detailed sexual harassment allegations made against him while he worked at other companies. On the same day, the newsroom announced that it had voted to unionize by an overwhelming margin — a move that followed years of discontent.

Advertisement

Continue reading the main story

Tronc vetted Mr. Levinsohn, a former Yahoo executive, before he was hired as The Times’s publisher, but company executives were not aware that he had twice been a defendant in sexual harassment lawsuits while employed by other companies, according to two people briefed on the matter who were not permitted to speak publicly about it.

The fallout from the N.P.R. report on the allegations against Mr. Levinsohn, which was published Jan. 18, reached beyond Tronc on Monday, when Tribune Media disclosed in a regulatory filing that Mr. Levinsohn had notified the company last week that he was taking leave from its corporate board. (Tribune Media and Tronc, formerly called Tribune Publishing, had been one corporation, Tribune Company, before a spinoff of the newspaper business in 2014.)

Mr. Kirk joined Tronc in August and became a jack-of-all-trades for the company, serving as the interim executive editor of The Times and the interim editor in chief of The Daily News. His new appointment was largely met with a sense of relief within the Times newsroom but also a recognition that his appointment will not undo years of frustration among employees or rid the paper of its underlying financial challenges.

The man he replaced, Mr. D’Vorkin, faced suspicion in the newsroom almost from his arrival, partly because of his previous role at Forbes, where he broadened the company’s native advertising offerings and introduced a product that allowed advertisers to contribute material alongside Forbes articles. Newsroom skeptics feared that he would focus more on clicks and advertising innovations than quality journalism.

Tronc executives decided to move Mr. D’Vorkin, 65, out of the top newsroom job at a time when they were also revisiting a companywide reorganization plan, according to two company officials briefed on the discussions. The proposal seemed intended to cut costs and increase the emphasis on making Tronc’s journalism better suited to digital media. Mr. Levinsohn, the publisher now on leave, was a main architect of the restructuring plan. But the plan is now in flux, according to the two people.

Mr. Levinsohn’s leave came at the end of an aggressive attempt by Times management to thwart the newsroom’s ultimately successful union drive — a campaign that occurred as the paper’s editors and reporters were distinguishing themselves with aggressive coverage of sexual harassment in Hollywood and natural disasters in California.

Newsletter Sign Up

Continue reading the main story

Tensions between the paper’s employees and its management team had been rising since a dispute between The Times and the Walt Disney Company. After Disney banned Times journalists from attending advance film screenings following the publication of an investigative series on the company’s ties to the city of Anaheim, some people in the newsroom questioned how Mr. D’Vorkin had handled the paper’s response.

During a staff meeting, after learning that a recording of an earlier meeting had been leaked to a New York Times reporter, Mr. D’Vorkin said that anyone involved with the act was “morally bankrupt,” according to several people in attendance. His admonition further escalated the divide between employees and management.

Several journalists at The Times said they worried that the company, eager to stanch the steady stream of reports other news organizations were publishing about it, had begun monitoring their phones and computers in pursuit of leaks. Two journalists said they had been warned that the company was monitoring employees’ emails.

Advertisement

Continue reading the main story

In a statement, Tronc said that it was committed to respecting employees’ privacy. “There’s never to our knowledge been a situation where the company is monitoring people’s emails,” the company said.

The tensions intensified last week, when the business editor, Kimi Yoshino, was abruptly suspended without a public explanation. In a note to Mr. D’Vorkin that was widely circulated on social media, Times employees wrote that Ms. Yoshino was “asked to take a leave of absence and not even permitted to return to her office to collect her belongings and turn off her laptop.”

Photo
Jim Rich was the editor in chief of The Daily News for 13 months before leaving in 2016. While there, he revitalized the paper with attention-grabbing front pages. He will return in the same role. Credit Sasha Maslov for The New York Times

“We are deeply troubled by the way this situation is being handled,” they wrote.

Times journalists also said they were concerned by what they had learned of the reorganization plan — which seemed to be the subject of a presentation given by Mr. Levinsohn to investors earlier this month that described a “Los Angeles Times Network.”

Under the proposal, newly hired editors would supervise reporting that could be fed to all Tronc publications, according to several people briefed on the potential restructuring.

That system, two of these people said, would include the creation of sites that would generate their own revenue. It would rely on Tronc employees and outside contributors who are not part of any existing Tronc newsroom.

In recent weeks, newsroom employees were puzzled to discover the names of several apparently newly hired editors in an internal human resources database, an image of which was shared with The New York Times. Among them were Bruce Upbin, formerly of Forbes, who was listed as an assistant managing editor; Sylvester Monroe, formerly an editor at The Washington Post, who was also listed as an assistant managing editor; and Louise Story, a former New York Times reporter and editor who was listed as a managing editor.

Ms. Story has since decided not to join Tronc, writing in an emailed statement, “I had agreed to work at Tronc and at The Los Angeles Times in very high-level managerial roles. But, as a result of recent significant changes in those roles, I decided not to work there in any capacity.”

In the internal database, the new hires were shown under Rob Angel, the chief of business development at The Times, but are now expected to report to Mr. D’Vorkin, according to a person at Tronc familiar with the personnel decision.

Advertisement

Continue reading the main story

Since Mr. Levinsohn went on leave, Tronc and Times executives met in Chicago to discuss which parts of the restructuring plan could continue, according to the people familiar with the discussions.

The recent unrest has its roots in the frustration that Times employees had with previous leaders. Last year, some grew critical of several top managers — including Davan Maharaj, the editor and publisher — in part over the handling of an investigation into the former dean of the medical school at the University of Southern California. Tronc removed Mr. Maharaj and several other newsroom leaders in August, saying that The Times had failed to transform fast enough on the digital side.

Many employees expressed optimism that the D’Vorkin-Levinsohn team would foster the kind of journalism that has garnered the paper more than 40 Pulitzer Prizes. Now they are looking toward a new leader.

The Los Angeles Times Guild congratulated Mr. Kirk in a statement. “We also look forward to working together in the future as one team — and we look forward to hearing his plans for the paper.”

Mr. Kirk said that his goal as the top editor at The Times was to “double down our great coverage of California and Los Angeles and beyond.”

“That’s what readers expect from us, and we want to continue that,” he added.

Continue reading the main story

Article source: https://www.nytimes.com/2018/01/29/business/media/tronc-editors-daily-news-los-angeles-times.html?partner=rss&emc=rss

In Age of Trump, Political Reporters Are in Demand and Under Attack

Since Mr. Trump took office a year ago, the political press has endured a sustained assault from a chief executive who has called journalists “the enemy of the American people.” Yet the news media has also driven decisions inside the West Wing to a degree perhaps unmatched since the scandal-ridden days of Richard Nixon. And White House aides and reporters alike say that political reality is being refracted by the media in an unprecedented way.

Some reporters, in unguarded moments, say that they fear for journalists’ safety. Margaret Talev, the president of the White House Correspondents’ Association, was moved to tears in an interview as she recounted the death threats that now routinely land in her colleagues’ emails.

Other journalists — ironic, cynical or simply enterprising, depending on your point of view — have embraced the moment as the wildest ride of their lives, and a lucrative one, too: The number of Washington reporters with cable television contracts, some with salaries verging on six figures, has surged.

It is a boom time for investigative reporting — witness the revelations unearthed by The New York Times, Politico, The Washington Post and others — and also for rank incrementalism. A story’s “buzz,” variously defined by the number of retweets, Facebook likes or panicked text messages from White House aides that it generates, is at a premium, fueling news outlets that condense political reporting from 1,000-word stories into stand-alone nuggets designed to set Twitter aflame.

Trust in the press has eroded thanks, in part, to Mr. Trump and his allies, the ubiquitous phrase “fake news” osmosing its way into the American psyche. Yet newspaper subscriptions and television news ratings, once in free fall, have perked back up.

“When he says you’ll miss me when I’m gone, and your ratings will go through the floor, he’s absolutely correct,” Mr. Bannon said, mischievously, of Mr. Trump. “That’s McLuhan talking through Trump.”

Mr. Bannon played a not-minor role in creating the current media atmosphere: At Breitbart News, where he was executive chairman until his abrupt exit this month, he whipped up anger against CNN and other major news organizations; upon entering the White House, he instructed the news media to “keep its mouth shut and just listen for a while.

Advertisement

Continue reading the main story

Wearing four visible layers of shirts (including a zip-up fleece from West Point, which one of his daughters attended), Mr. Bannon declined to speak on the record about his own role in making the fraught new media environment. But there were signs that, like Mr. Trump, he is aware he has benefited from the same news media that he likes to denigrate.

Photo
“When he says you’ll miss me when I’m gone, and your ratings will go through the floor, he’s absolutely correct,” Stephen K. Bannon, the former White House chief strategist, said of Mr. Trump. Credit Hiroko Masuike/The New York Times

A copy of “Devil’s Bargain,” a chronicle of Mr. Bannon’s rise to prominence by the Bloomberg Businessweek journalist Joshua Green, sat on the mantel above the fireplace. The book is being adapted into a television series by the powerful Hollywood producer Jason Blum, who recently flew to Washington to meet with Mr. Bannon at his home.

A year ago, the worries of Washington journalists were manifold: eviction from the West Wing, the end of regular pool reports and briefings, a Breitbart takeover of White House coverage. None of these anxieties came to fruition; in fact, last week, when Mr. Trump wandered into a small reporters’ briefing with his chief of staff, John F. Kelly, Breitbart’s White House correspondent was one of the journalists grumbling afterward about not being invited.

Mr. Trump has forsaken formal news conferences, and his usual forum for sit-down interviews has been Fox News. (Last week, in Davos, the president acquiesced to interviews with CNBC and the British presenter Piers Morgan, who has usually been friendly toward Mr. Trump.) But he has embraced the so-called “pool sprays” — journalist jargon for a White House photo-op — to spar with reporters off-the-cuff, sometimes for nearly an hour at a time.

Newsletter Sign Up

Continue reading the main story

“Amid the insanity of the attacks on our industry, you have this journalistic nirvana,” said Jim VandeHei, a co-founder of Politico who now runs Axios, an outlet that went live a year ago with the aim of distilling Washington’s complexities into highly tweetable micro-scoops. “You get play-by-play visibility you could only dream of under previous presidents.”

Mr. VandeHei proselytized for his site’s “smart brevity” philosophy during an interview at Axios’s Virginia offices, inside a co-working space where pale ale is on tap and the coffee urns specify the altitude at which the beans are grown.

Axios covers the Trump administration with a bullet-pointed morning newsletter, by the well-connected Washington journalist Mike Allen, and quick-hit scoops from its sole White House reporter, Jonathan Swan. To hear Mr. VandeHei tell it, the era of the in-depth newspaper story is over.

“People aren’t reading that long and, to be honest, they shouldn’t have to,” he said.

An Axios buzzword is “illuminate” — tell readers exactly what they need to know, and nothing more. Mr. Swan, a newcomer to Washington who regularly breaks news, does not attend White House briefings, where fresh information can be scarce.

His avoidance of the ritual is likely to cheer liberal critics who say the Washington press has been too meek and rigid in adjusting to the Trump juggernaut. There were groans, in November, after a briefing during which the press secretary, Sarah Huckabee Sanders, asked White House reporters to preface their questions with a list of what they were thankful for — a schoolyard exercise that some journalists played along with.

Advertisement

Continue reading the main story

But Ms. Talev, a Bloomberg News correspondent and the president of the Correspondents’ Association, said that the briefing remains an opportunity to force the administration to speak on the record — a crucial forum in an era when truth is blurred. “We think briefings serve people; we think open dialogue serves people,” she said in an interview at Peet’s Coffee, a block from her West Wing desk.

Ms. Talev said that her father escaped Communist Bulgaria in the 1960s, where dissent was squashed and criticizing government officials was forbidden. Her work, she said, feels personal these days. Under her watch, the Correspondents’ Association has created a new committee on reporters’ security, to assist members who receive threats, an increasingly common occurrence.

April D. Ryan, the White House reporter for American Urban Radio Networks and one of the few black correspondents in the briefing room, has described receiving menacing and racist messages; she was subsequently derided as “Miss Piggy” by a high-ranking official in the Department of Housing and Urban Development.

Last week, a man in Michigan was arrested on suspicion of threatening CNN’s Atlanta headquarters, the kind of real-world effect that reporters here worry may be the inevitable result of a president who once called the press “a great danger to our country.”

Work in the capital, however, goes on. Beneath the White House briefing room, where about two dozen journalists occupy a warren of cramped offices and cubicles, the mood is like that of any other workplace, as it was under past administrations.

But subtle subversions do exist. For months, a New Yorker cartoon has been tacked to the wall in a prominent place by the stairs. It shows two bearded prisoners hanging inside a dungeon.

One prisoner to the other: “Personally, I prefer the old White House pressroom.”

Continue reading the main story

Article source: https://www.nytimes.com/2018/01/29/business/media/media-trump.html?partner=rss&emc=rss