5/15/2012

Roger Federer back up to world No 2


Roger Federer has leapfrogged Rafael Nadal in the world standings and is back at No 2 after his third victory at the Madrid Open.

The former world No 1 rallied from losing the first set to Tomas Berdych to win 3-6, 7-5, 7-5.
While Nadal and world No 1 Novak Djokovic bemoaned the new blue clay-court, Federer's biggest obstacle was to overcome an opponent who had beaten him in three of their previous five meetings.
"It is amazing to win here again," said Federer. "It has been a tough tournament. Tough to move, but you've got to try to make the most of it. Here there was some good tennis and some bad tennis, but you see that in all tournaments."
Berdych hit 14 winners and made just two unforced errors in a dominant first set. However, Federer finally found his ground game and broke Berdych twice to even the score and force the decisive third set, where he secured victory after Berdych had saved three championship points.
The sixth-seeded Berdych jumped out to a 3-0 lead after hitting a crosscourt return to take Federer's first service game.


Federer, who won here in 2006 and 2009, saved two set points before Berdych clinched the first set with a big serve that the Swiss star could only knock back into the net.
Federer continued to struggle with his shotmaking, but the 16-time Grand Slam winner leveled the match by breaking twice in the second set, including when Berdych hit a double fault on set point.
"It was a tough tournament and a brutal draw. Tomas played very well," said Federer. "I'm sure we will see each other many more times and they will be quality matches like this one."
Berdych, who had carried the initiative through most of the match, became erratic as the pressure grew in the decider.
Serving to send the match to a tiebreaker, he fell behind 0-40 and then rallied back to force deuce, only to hit long and then net his final volley to end the match in just over two and a half hours.
In the women's final, Serena Williams overpowered world No 1 Victoria Azarenka 6-1, 6-3 to boost her hopes ahead of the French Open which gets under way later this month.
Williams served 14 aces on her way to her 41st career title and second of the season as she remained unbeaten in her last 13 matches on clay.
The loss ended Azarenka's run of winning her last four tournaments.     (Telegraph.co.uk)

Gary Cahill & David Luiz lift Chelsea for Bayern Munich final


Gary Cahill and David Luiz have given Chelsea a boost by returning to training ahead of Saturday's Champions League final.

The two defenders have been missing with hamstring injuries, but both are in contention to face Bayern Munich.
John Terry, Branislav Ivanovic, Ramires and Raul Meireles are all suspended, while Florent Malouda (hamstring) is doubtful.
"I've been trying different options in training," said manager Di Matteo.

"We will put some reserve team players on the bench, into the squad, and just figure out what to do."
Luiz has not featured since 15 April, while England international Cahill has missed the last five games with a similar problem.

Malouda failed to complete the first half of Chelsea's final Premier League game of the season against Blackburn on Sunday after straining a hamstring.
"We'll still assess Florent and it's going to be touch and go for him to be available for Saturday," added interim boss Di Matteo.

Bayern's Luiz Gustavo, David Alaba and Holger Badstuber will also miss the final, which is being played at their home ground, the Allianz Arena, through suspension.

New details reveal Steve Jobs involved in e-book lawsuit



New details have surfaced in the class-action e-book price-fixing lawsuit against Apple, according to tech news site paidContent. The most notable revelation is an e-mail from Steve Jobs to one of the bookseller's executives that was previously redacted and is now public.

The gist of the case, which was filed in April and now has 29 states, Washington D.C., and Puerto Rico involved, is an allegation that Apple and a group of book publishers illegally fixed e-book prices to "boost profits and force e-book rival Amazon to abandon its pro-consumer discount pricing."

The Department of Justice also filed a near-identical suit against the company and the same booksellers in April. The main difference in the two cases is that the states are seeking monetary restitution for consumers in the class-action lawsuit, according to paidContent. Hachette, Simon & Schuster, and HarperCollins -- three of the five booksellers targeted in this case -- have settled. Now the suit is just against Apple, Macmillan, and Penguin.

PaidContent got a copy of the amended complaint, which was released Friday, and published many previously redacted e-mails from high-level management at the booksellers and Apple. The news site writes that Apple co-founder and then CEO Jobs got directly involved in the e-book pricing negotiations in January 2010 and tried to convince one of the "Conspiring Publisher's" executives to commit to Apple's alleged deal.

This is what Jobs wrote in the e-mail:

As I see it, [Conspiring Publisher] has the following choices:

1. Throw in with Apple and see if we can all make a go of this to create a real mainstream e-books market at $12.99 and $14.99.

2. Keep going with Amazon at $9.99. You will make a bit more money in the short term, but in the medium term Amazon will tell you they will be paying you 70 percent of $9.99. They have shareholders too.

3. Hold back your books from Amazon. Without a way for customers to buy your e-books, they will steal them. This will be the start of piracy and once started, there will be no stopping it. Trust me, I've seen this happen with my own eyes.

Maybe I'm missing something, but I don't see any other alternatives. Do you?

The lawsuit alleges Apple and the book publishers employed an "agency model" in which publishers set their own e-book prices, rather than the traditional wholesale model in which publishers set a retail price and retailers set their own sales price.

Another e-mail revealed on Friday from the previously redacted sections of the complaint points to the allegation that the five booksellers "worked together to force" Random House to drop the traditional wholesale model and adopt fixed e-book pricing, according to paidContent.

Penguin CEO David Shanks sent this e-mail to Barnes & Noble's then-CEO Steve Riggio on March 4, 2010:

Random House has chosen to stay on their current model and will allow retailers to sell at whatever price they wish...I would hope that [Barnes & Noble] would be equally brutal to Publishers who have thrown in with your competition with obvious disdain for your welfare...I hope you make Random House hurt like Amazon is doing to people who are looking out for the overall welfare of the publishing industry.




Source: cnet

Supreme Court denies Psystar's appeal in Mac clone case

The U.S. Supreme Court today denied Psystar's request to review a lower court decision that keeps it from selling computers that run Apple's OS X but that are not made by Apple.

The decision not to hear the case (PDF) upholds a ruling made by the U.S. Court of Appeals for the Ninth Circuit last September that Psystar's Mac clones violate Apple's copyrights.

Apple took Psystar to court in 2008 on claims of copyright-infringement after the company made a business out of purchasing copies of OS X and selling them on hardware it put together under the "OpenMac" moniker. Psystar fired back with its own complaint, saying Apple was not following fair use guidelines with its software, and was misusing its copyright.

A U.S. District Court sided with Apple in 2009, saying that Psystar "violated Apple's exclusive reproduction right, distribution right, and right to create derivative works," a decision that led to a permanent injunction against the clone maker in December 2009.

Following a rejection of Psystar's appeal to that decision in September, the company's lawyers vowed to take it up to the Supreme Court. "This is far from over," K.A.D. Camara of Houston law firm Camara & Sibley, LLP told Computerworld in an interview. The company kept to its word, and filed for a review from the Supreme Court on December 27, 2011.

"We are sad," Camara said. "I'm sure that the Supreme Court will take a case on this important issue eventually."




Source: cnet

Yahoo interim CEO may need to gear up to be permanent CEO

With Scott Thompson's vacated chair still warm, there's already chatter about Yahoo's next permanent CEO. In a companywide meeting today, Yahoo's new chairman, Fred Amoroso, told the staff that he wanted the new interim chief executive, Ross Levinsohn, to become the company's permanent CEO, according to The Wall Street Journal.

Thompson resigned as Yahoo's CEO, after his position became untenable because of a scandal involving a false claim to a computer science degree. Levinsohn, 48, was the company's executive vice president before taking over as interim CEO yesterday. Before Yahoo, Levinsohn worked for Rupert Murdoch as head of Fox Interactive.

According to The Wall Street Journal, Levinsohn told Yahoo staff during the meeting today that there wouldn't be any major changes regarding company reorganization and that "we gotta move on."

Levinsohn was also said to have referenced a scene from Francis Ford Coppola's "The Godfather" comparing how Yahoo must be feeling after its high dose of controversy the past few weeks, according to All Things D. "This weekend was like that scene from 'The Godfather' -- 'They hit 'em with five shots, and he's still alive!'" he reportedly said.

According to All Things D, employees also seemed generally positive about Levinsohn taking over as interim CEO. However, he still isn't a shoe-in as permanent CEO. Most likely there will still be a CEO search committee.




Source: cnet

Water for Elephants by Sara Gruen

Though he may not speak of them, the memories still dwell inside Jacob Jankowski's ninety-something-year-old mind. Memories of himself as a young man, tossed by fate onto a rickety train that was home to the Benzini Brothers Most Spectacular Show on Earth. Memories of a world filled with freaks and clowns, with wonder and pain and anger and passion; a world with its own narrow, irrational rules, its own way of life, and its own way of death. The world of the circus: to Jacob it was both salvation and a living hell.

Jacob was there because his luck had run out—orphaned and penniless, he had no direction until he landed on this locomotive "ship of fools." It was the early part of the Great Depression, and everyone in this third-rate circus was lucky to have any job at all. Marlena, the star of the equestrian act, was there because she fell in love with the wrong man, a handsome circus boss with a wide mean streak. And Rosie the elephant was there because she was the great gray hope, the new act that was going to be the salvation of the circus; the only problem was, Rosie didn't have an act—in fact, she couldn't even follow instructions. The bond that grew among this unlikely trio was one of love and trust, and ultimately, it was their only hope for survival.

Surprising, poignant, and funny, Water for Elephants is that rare novel with a story so engrossing, one is reluctant to put it down; with characters so engaging, they continue to live long after the last page has been turned; with a world built of wonder, a world so real, one starts to breathe its air.

Ocean's Thirteen (2007)

Ocean's Thirteen is a 2007 crime comedy film directed by Steven Soderbergh and starring an ensemble cast. It is the third and final film in the Soderbergh series following the 2004 sequel Ocean's Twelve and the 2001 film Ocean's Eleven, which itself was a remake of the 1960 Rat Pack film Ocean's 11. All of the cast members reprised their roles from the previous installments except for Julia Roberts and Catherine Zeta-Jones. Al Pacino and Ellen Barkin joined the cast as their new targets.

Filming began in July 2006 in Las Vegas and Los Angeles, based on a script by Brian Koppelman and David Levien. The film was screened out of competition at the 2007 Cannes Film Festival. It was released on June 8, 2007 in the United States and in several countries in the Middle East on June 6.

Coco Rocks, Versailles Rolls in Latest Chanel Cruise

Coco Chanel never really dressed rock stars; yet rock and roll at its most insouciant and innocent was the cry of the latest cruise collection by the house she founded, a show staged amid much pageantry at the world's most most famous chateau.

Presented before spouting French Renaissance's fountains, this spring 2013 collection from Chanel, staged Monday, May 14, at Versailles, was a revolutionary statement, taking cruise far from the sandy beachfront to a sunset rock festival backstage cocktail.

Chanel's couturier Karl Lagerfeld fused fistfuls of musical movements from America and Britain in single looks. Chanel's little black jacket became punk rocker on tour in patent leather, supporting a hippie dandy summer Love-In broad brim straw hat, New Romantic multi-layered skirt in a Punk graffiti print, Heavy Metal wristbands and Rockabilly brothel creepers sneakers. Lagerfeld's halter mini dresses were of jacquard and his curvy cocktails of psychedelic silk.

Made in a palette of light lime, washed out purple and coral pink; embellished with belts, chokers, necklaces and brooches, this knowing rocker style looked all the better splashed by the fountains and seen under rapidly moving clouds and a white-blue sky.

"There is nothing more French than Versailles. So Chanel seems right here. It's the ultimate destination, so is Chanel," quipped the designer, dressed in gingham tartan shirt and matching tie, green frock coat and fingerless gloves.

Never before has Chanel - the bell wether show in cruise, a season whose commercial importance has exploded in the past half decade - presented clothes quite so sophisticated and immaculately embroidered as this season.

It's easy to forget that Chanel was a real fashion revolutionary, who freed women from the cage of restricted 19th century corsets, whose first liberating step were easy-to-fit jerseys dresses. Yet this show's second look was a corset dress, the tough shape defined by armor made of fabric buds. This November, when the first outfits from this show will hit store shelves, Lagerfeld wants women to go out in curvy, nipped at the waist dresses.

Cruise, a collection that frequently stays in boutiques for seven months, longer than either spring or summer, now accounts for up to 30 percent of many houses' revenues, and its influence on trends is also immense. Particularly this show.

If the collection had any key material it was denim. Again, Chanel detested the fabric, the arrival of jeans and the birth of alternative culture.

"Coco Chanel was wrong about jeans, which was very rare. But she was a lady of a certain age, so I think we can forgive her that. No? She did get a great deal right," said Lagerfeld.

Twitter embraces UK's policymakers after eventful year

A smartphone displaying a Twitter feed with Big Ben in the background Twitter has told the BBC it now wants to work closer with government and policymakers in the UK.

The site has revealed that there are over 10 million active tweeters across the nation.

The site's UK general manager Tony Wang said it is a priority to "protect and defend" the voice of those users.

It has been a year since Twitter opened its UK operations. It has faced tough questions over privacy and regulation.

The network said it now has over 140 million active users worldwide. In the UK, 80% of active users access the site through their mobile, compared to 55% globally.

Now, Mr Wang said the company is looking to work closer in the public sector. As part of a massive worldwide recruiting push, the company is hiring a public policy manager.

Mr Wang said the new recruit would work with "the government, various ministries, members of parliament as well as law enforcement".

"There are a number of different needs that they have - and there's a lot of very unique ways that they're using Twitter," he added.
 

Start Quote

Things on Twitter happen and change very quickly”
End Quote Alberto Nardelli Tweetminster

Since launching its UK presence on 1 June 2011, Twitter has head the headlines during high-profile events such as the London riots and the outing of footballer Ryan Giggs' involvement in a privacy injunction.

Despite his identity being protected from being publicised in the press, Mr Giggs was named in Parliament by Lib Dem MP John Hemming - after already being called by more than 75,000 individuals on Twitter.

It prompted a call from the prime minister for a new body to look at privacy orders and their effectiveness.

Twitter was also cited by some as being a method of communication for those involved in the English riots - however, one subsequent study suggested the network was in fact a "force for good" during the trouble.
'People on the ground'
Mr Wang told the BBC that both incidents stressed the need for Twitter to not take a one-size-fits-all approach to its international operations.

"It emphasised the importance of being a global company," he said.

Mr Wang would not be drawn on Twitter's view on the controversial government plans to extend surveillance measures online.

Mr Wang said Twitter's views on the plans, which are still in the early stages, would be "conjecture".

"If we're building our business and aligning ourself to our core values, I think these things will play themselves out," he said.

Manchester United footballer Ryan Giggs"One of the things we've worked very hard on over the last years is making sure we have the operations as well as the resources to continue to build a business that's not just in the US but global.

The naming of Ryan Giggs in parliament raised questions over the enforcement of privacy injunctions

"That basically means engineers working on the product and getting people on the ground as well."

Twitter's first foray into the UK was largely focused on sales and public relations. It based its European communications team in London.
'Playing catch-up'
Alberto Nardelli is co-founder and chief executive of Tweetminster, an independent site that tracks politicians use of the network.

He said Twitter has in the past year become a fundamental part of political discourse in the UK, with over 340 MPs using the service, up from around 100 at the time of the last election.

He told the BBC that being closer to policymakers will be of benefit to Twitter, particularly when it comes to dealing with issues like injunctions and other privacy matters.

"The principles behind an injunction on Twitter is a harder thing for policy makers and for people who write laws because they tend to be very slow processes, whereas things on Twitter happen and change very quickly.

"The law and policy is always playing catch-up." (BBC)

Facebook raises IPO price as offering nears

NEW YORK (AP) — Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world's most popular social network.
The Menlo Park, Calif. company said in a regulatory filing that it now expects to sell its stock for between $34 and $38 per share, up from its previous range of $28 to $35. At the upper limit of $38 per share, the sale would raise about $12.8 billion.
The IPO is expected to be completed late Thursday and begin trading on the Nasdaq Stock Market on Friday under the ticker symbol "FB."
The increased range is a sign of high demand from investors to own a piece of the world's most popular social network. The initial public offering is the most hotly anticipated in years and would value Facebook at more than $100 billion.
Facebook is selling 180 million of its shares in the IPO. Another 157 million shares are coming from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.
Even after the IPO, Zuckerberg will remain Facebook's single largest shareholder. And he will control the company through 57 percent of its voting stock.
The IPO is expected to be the largest ever for an Internet company. It is expected to raise more than 10 times as much as the $1.67 billion raised in Google Inc.'s 2004 IPO.
At a value of $38 per share, the high end of Facebook's expected range, Facebook would generate $6.84 billion on its shares. Existing stockholders would collectively make $5.98 billion.
Facebook has more than 900 million users who log in at least once a month.
Even at the higher price range, it's going to be tough for the company's fans and everyday investors to get in on the IPO. Most of the shares are expected to go to people with connections to the company or large, active accounts with one of the big banks or brokerage firms directly involved in the stock sale.
Morgan Stanley leads the team of 33 underwriters selected for the Facebook offering, followed by JPMorgan Chase and Goldman Sachs.
The inclusion of online broker E-Trade Financial Corp. as an underwriter was seen as a glimmer of hope that Facebook might make more shares available than usual for retail investors through discount brokerages. But chances of getting any are very slim regardless.
Analysts say there's so much interest in Facebook's stock that some underwriters are closing their books as early as Tuesday. This means they won't be taking any more orders from potential buyers.
In its Tuesday filing, Facebook also adjusted the timetable for finishing its $1 billion acquisition of Instagram, saying it expects the deal to close sometime in 2012. Previously, it had said it expected to complete the deal in the second quarter.
Some have speculated that the acquisition of the photo-sharing network would come under regulatory scrutiny. If the deal doesn't close by Dec. 10, Facebook could have to pay Instagram a breakup fee of $200 million.

Stunning iPhone app is our first taste of the new Google

The bold new design of the Google+ iPhone app has major implications for the future of Google's social network, and the trajectory of the company.

Vic Gundotra has been running engineering teams at Google since 2006 but he's never been more bullish about what Google is building than he is today and there's one simple reason: Design.
"We care more about design than we ever have in our history," Gundotra said the day after his pet project, Google+, launched a groundbreaking new redesign for itsiPhone app.
The new app design is a stunning departure from the previous Google+ app and from the Google+ site interface itself. Released on May 9, it turns the act of scanning social media updates into a highly visual experience by combining a slick rendering of your avatar with the signature image of whatever you're posting and then overlaying the first two lines of your text. The effect is quite appealing, and addicting.
I immediately found myself spending a lot more time in the app. In fact, within the first 24 hours I found myself going to the Google+ app before opening my Twitter app just because it's a lot more pleasant to flip through. That's never happened before. Twitter has long been my social network of choice, and even more so on mobile.
I was so struck by this that I got in touch with Google+ chief Gundotra to ask him if this little app was as really as significant to him and Google as it appeared it was to me.
"This redesign was a very, very big deal for us," he said.
He also confirmed that the data from the first 24 hours showed the same experience that I had: Users were spending a lot more time in the app.

A visual leap

For Gundotra and his team the goal with the new smartphone app was simple: Make sharing less intimidating and more attractive.

"Sharing is one of the most stressful things people do," Gundotra said, referring to the fact that when sharing, most people worry about whether anyone will notice and what they will say if they do notice.
"When they share, they want to be really proud of what they share," he said. "So we asked ourselves, 'How can we put them in the best light possible?' We want to make you look good when you share."
To accomplish that, Gundotra's team completely blew up their existing mobile app -- which had debuted with the launch of Google+ last summer -- and started over. They wanted to come up with something that truly took advantage of the strengths of today's smartphones.
"We don't believe mobile is a small version of the desktop," said Gundotra. "We are optimizing the experience for the device... The intimacy of touch allows us to do things you wouldn't do on the desktop."
As a result, the Google+ design team broke away from the straight reader app like social competitors Twitter and Facebook have. That format works for Twitter because of the 140-character limit, which means readers can quickly scan lots of updates to stay on top of what's happening in the world. But, Facebook and Google+ have no character limit and so posts are longer and sharing photos is a lot more common. The result is a mobile experience that's clunky to navigate and feels like a crippled subset of the desktop experience.
That's why Google+ decided to change the game and go visual. The result is a social app that is a lot closer to Flipboard or Pinterest than the Twitter or Facebook apps. It feels more like a visual bookmarking or photo app, and it works because the lion's share of online articles now include a big horizontal image that ends up serving as a thumbnail when shared on social services and in various apps. And, even when there is no text, Google+ makes the update look good with some nice font smoothing and scaling.
All in all, I actually prefer using the Google+ mobile app to the desktop browser experience, which is another first for me.

The big question mark is how well it will scale. Right now, Google+ is mostly inhabited by a rabid group of technophiles so the updates don't flow by nearly as fast as Twitter. Obviously, that also depends on how many people and who you follow. But, if Google+ were to take off and people started posting more, I think I'd have to follow fewer people, check Google+ more often, or simply find that it wasn't as effective for scanning updates since each Google+ post takes up about 3-4 times as much screen space as a Twitter update, for example.
The other big question is why Google released this redesign for the iPhone before releasing a version for Google's ownAndroid platform. The original version of the Google+ mobile app was nearly identical on the two platforms.
Gundotra said, "It's just the way schedule worked out."
The Google+ team is building additional functionality into the Android app. The iPhone app with the core functionality was finished before the Android app was ready, so Gundotra made the decision to go ahead and release it. However, even in the blog post he wrote announcing the redesigned app, he teased that the Android app was coming in a "few weeks" and that would include some "extra surprises."
When I pressed Gundotra, he wouldn't reveal any hints about the additional functionality in the Android version of the app. He simply said, "I think you'll be delighted by the few more surprises we have in store."
But, he also all-but-guaranteed that atablet app was also in the works. "It's one of our most requested pieces of feedback, and we pay very close attention to feedback," he said.

Bigger implications


Design has never been a core competency at Google. In fact, the company has almost been anti-design from the beginning. In many ways, the secret of the success of Google.com has always been its sparseness. It has had virtually no design except for the multi-colored Google logo pared with a simple text entry field, and then when you click "Google Search" or hit Enter you get a straight list of search results without much additional clutter on the page.

Here's the design of Google's original search engine from the late 1990s.
(Credit: Google)

Google's other big hit, Android, has often been criticized for its design -- even being chided as a less-polished knock-off of the iPhone. Other products such as Google Docs have suffered from inconsistency and generally unremarkable designs.

However, since Larry Page returned as Google CEO last April he has put far greater emphasis on product development by cutting the number of products that Google is working on and demanding higher quality from the ones that are left. Earlier this year Page said:

"Creating a simpler, more intuitive experience across Google has been [an] important focus. I have always believed that technology should do the hard work -- discovery, organization, communication -- so users can do what makes them happiest: living and loving, not messing with annoying computers! That means making our products work together seamlessly... As Sergey said in the memorable way only he can, 'We've let a thousand flowers bloom; now we want to put together a coherent bouquet.'"

We saw hints of this last year when Google simplified its home page and launched an updated navigation bar that was standardized across all of its major products. We saw another hint of it last month when Google+ launched a major overhaul of its full browser experience.

But, this new mobile app that has ironically first reared its head on the iPhone is the most powerful example of the kind of service that Google+ wants to be and the kind of products that Page's new Google wants to create.

"Google+ is demonstrating what will be the future of the entire company," said Gundotra. "We want software to be emotionally resonant with users... This is just the beginning."

Top Trends In Luxury Travel In China

China is one of the biggest countries of self made millionaires and billionaires and it has managed a strong position on financial map of the world. The number of millionaire and billionaire has increased considerably and that has a positive impact on the luxury travel industry of China. Many of the rich people are taking trips around the world with better facilities. The demand for business class travel and costly destination with shopping opportunities has increased among the affluent class and at the same time they are demanding to stay in well known hotels with all sorts of modern facilities no matter what they cost.
The rise in private property of Chinese people along with the appreciation of Yuan has induced this growing demand of luxury travel. The rising trend that is seen in the property value and the GDP growth are also two major reasons for this demand. There are millions of millionaires in china with personal wealth of RMB 10 or more who are contributing in this.
Survey Data
A survey was conducted by the Harun Rich List Authority to understand the travel habits and decision making of the affluent class of China in 2011 between April and November. Here 401 millionaires and billionaires were interviews on one to one basis on their travel habits. Among these 401 people 45 had an asset of more than RMB 100 million. Apart from these people 62 more millionaires were interviewed between April and May.
Finding from the survey
There are several findings from the survey conducted on these people. Some of the results astonished the whole world. The findings are listed down with proper data.
- 60% of the people who took this survey were male.
- The affluent class people travel abroad three times every year on average. Among these people there are 20% who travel five times or more.
- While millionaires take 15 days of holiday each year, half of the billionaires take more than 20 days on average.
- One third of the millionaires take 10 to 20 days and other one third take more than 20 days of holidays. This has increased considerably in 2011 compared to 2010 when most of the millionaires used to travel for 8 days or less during the year.
- For billionaires the frequency is more with one third of them taking five or more overseas holidays.
- Chinese females take more holidays than male and they contribute more to the wealthy class of China.
- Richer travelers in China are 15 years younger on average compared to the travelers in Europe and America.
- Though there are a lot of young travelers the frequency of their travel is less than the travelers over 30 years of age who actually travel for business.
- Shopping scores more than business when considering the expense made for each of them. In 2010 the spending on shopping was RMB 160000 and RMB 190000 on travel.
- The travelers spent mostly on branded cloths, jewelry, watches, fabrics and cosmetics.
- In 2010 about 60% board business class in a flight but it is noticed that people generally prefer economy class for their first trip and subsequently increases their expense on higher classes.
- 80% do not prefer group travel.
- 40% do not prefer to travel on public holidays.
- Family holidays are most preferred.
- 60% make their travel reservations on their own while 26% ask their secretaries and 23% depend on their family members for it.
- Hotel membership services, agents and professional websites are used to make flight reservation.

Education And Luxury Travel
It is noticed the destination preference change from one generation to another. As the younger people in China are more educated, their choice is also quite different from their parents. People generally visit Australia, Japan, USA and Thailand on their first trip and they consider Singapore, Thailand, Japan and Europe for the second one. While Hawaii is losing its popularity, France and Japan is climbing up the ladder. As far as domestic travel is considered Macau is popular with the more affluent class and Sanya, Hong Cong and Yunnun is also favored.
It is an increasing trend in affluent class of people to send kids to English speaking countries for education. This makes them choose USA, Canada and UK as their travel destination as grownups.
Hotel preference has also changed. Half of the traveler prefers chain hotels while one third prefer boutique hotels. They get impressed by brand, services, facilities and location which choosing their accommodation.

Lady Gaga gagged in Indonesia after Islamic opposition

Pop star Lady Gaga has been refused a permit to perform in the Indonesian capital next month over security concerns, police said on Tuesday, after Islamic groups voiced strong objections to her "vulgar" style.

Three Islamic groups have expressed their opposition to the concert on June 3, demanding it be stopped, national police spokesman Saud Usman Nasution said by telephone.


Indonesia, a secular state, has the world's largest population of Muslims as well as significant minorities of Christians, Buddhists and Hindus.


"She's a vulgar singer who wears only panties and a bra when she sings and she stated she is the envoy of the devil's child and that she will spread satanic teaching," said Salim Alatas, the Jakarta head of hardline Islamic Defender Front (FPI). "This is dangerous."
(Reuters)

More than 30,000 concert tickets from a total of 40,000 tickets had been sold, said the Jakarta Post newspaper. Tickets ranged in price from 465,000 rupiah ($50.35) to 2.25 million rupiah ($240). ($1 = 9235 rupiah)

JPMorgan executive resigns

JPMorgan chief investment officer  Ina Drew  is stepping down after a $2bn (£1.2bn) trading blunder.

The Wall Street firm said she oversaw the London-based division responsible for the trading mistake, will leave after more than 30 years.

Matt Zames, the bank's co-chief of global fixed income in its investment bank, will take over from Ms Drew.

On Sunday, JPMorgan boss Jamie Dimon said he was "dead wrong" to dismiss concerns about trading at the bank.

It had been reported on Monday that Ms Drew, one of JPMorgan's best-paid executives, had offered her resignation several times following disclosure of the losses last Thursday.

However, in a statement issued in New York, Mr Dimon said: "Ina Drew has been a great partner over her many years with our firm. Despite our recent losses in the CIO, Ina's vast contributions to our company should not be overshadowed by these events."

"It's important to remember that our company is very strong and well capitalised. We maintain our fortress balance sheet and capital strength to withstand setbacks like this."

JPMorgan's shares opened down a further 3% after falling almost 10% on Friday following news of the trading blunder. Mr Dimon had previously dismissed growing speculation that the bank was facing losses.