Facebook predicted to overtake Google in mobile display ad revenue this year

Shares of Facebook (FB) have begun to rebound since the company’s disastrous initial public offering this past May. After opening at $ 38 per share the company’s stock plummeted into the mid-20s over the summer months and eventually fell to a low of $ 17.55 in early September. Since then, however, Facebook shares have begun to bounce back after the company posted better-than-expected results in the third quarter. While Facebook stock is still down more than 25% on the year, it is rising steadily as analysts and investors become increasingly bullish about the company’s future as a leading advertising platform.

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According to a new report from eMarketer, Facebook is predicted to surpass Google (GOOG) in mobile display advertising in 2012. Google is expected to generate $ 339 million in mobile ad revenue this year, a significant increase from previous estimates of between $ 45 and $ 100 million. The research firm notes that Facebook is expected to capture an 18.4% share of the mobile display ad market in the U.S. this year, compared to Google’s 17% share, which is down from 23% in 2011.

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“Major ad publishers are strengthening their offerings much faster than previously expected,” said Clark Fredricksen, vice president of communications at eMarketer. “I don’t think anybody thought after the second quarter that Google and Facebook would be in position that they are now in the mobile ad marketplace.”

The company’s mobile ad revenue is expected to more than triple by 2014 when it will reach an estimated $ 1.2 billion. The firm predicts that Facebook and Google will continue to battle for the No.1 spot in the mobile ad market over the next few years. Facebook is expected to increase its lead to 25.2% in 2013, compared to Google’s 19.6% share. Google is estimated to bounce back in 2014, however, with a market leading 23.1% share, ahead of Facebook’s 22.7% share.

Despite the impressive numbers, eMarketer notes that mobile still represents a small slice of the total advertising market. In 2012, only 2.4% of total ad spending in the U.S. is expected to go towards mobile ads, but the market is expected to reach an 11% share by 2016 when it surpasses both radio and print spending.

This article was originally published by BGR

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Study: Solo stars at higher death risk than bands

LONDON (AP) — Rock 'n' roll will never die — but it's a hazardous occupation.

A new study confirms that rock and pop musicians die prematurely more often than the general population, and an early death is twice as likely for solo musicians as for members of bands.

Researchers from Liverpool John Moores University studied 1,489 rock and pop stars who became famous between 1956 and 2009 and found they suffered "higher levels of mortality than demographically matched individuals in the general population."

American stars are more likely to die prematurely than British ones.

Lead researcher Mark Bellis speculates that could be because bands provide peer support at stressful times.

The research was published Thursday in online journal BMJ Open.

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Female Vaccination Workers, Essential in Pakistan, Become Prey

LAHORE, Pakistan — The front-line heroes of Pakistan’s war on polio are its volunteers: young women who tread fearlessly from door to door, in slums and highland villages, administering precious drops of vaccine to children in places where their immunization campaign is often viewed with suspicion.

Now, those workers have become quarry. After militants stalked and killed eight of them over the course of a three-day, nationwide vaccination drive, the United Nations suspended its anti-polio work in Pakistan on Wednesday, and one of Pakistan’s most crucial public health campaigns has been plunged into crisis. A ninth victim died on Thursday, a day after being shot in the northwestern city of Peshawar, The Associated Press reported.

The World Health Organization and Unicef ordered their staff members off the streets, while government officials reported that some polio volunteers — especially women — were afraid to show up for work.

At the ground level, it is those female health workers who are essential, allowed privileged entrance into private homes to meet and help children in situations denied to men because of conservative rural culture. “They are on the front line; they are the backbone,” said Imtiaz Ali Shah, a polio coordinator in Peshawar.

The killings started in the port city of Karachi on Monday, the first day of a vaccination drive aimed at the worst affected areas, with the shooting of a male health worker. On Tuesday four female polio workers were killed, all gunned down by men on motorcycles in what appeared to be closely coordinated attacks.

The hit jobs then moved to Peshawar, the capital of Khyber-Pakhtunkhwa Province, which, along with the adjoining tribal belt, constitutes Pakistan’s main reservoir of new polio infections. The first victim there was one of two sisters who had volunteered as polio vaccinators. Men on motorcycles shadowed them as they walked from house to house. Once the sisters entered a quiet street, the gunmen opened fire. One of the sisters, Farzana, died instantly; the other was uninjured.

On Wednesday, a man working on the polio campaign was shot dead as he made a chalk mark on the door of a house in a suburb of Peshawar. Later, a female health supervisor in Charsadda, 15 miles to the north, was shot dead in a car she shared with her cousin.

Yet again, Pakistani militants are making a point of attacking women who stand for something larger. In October, it was Malala Yousafzai, a schoolgirl advocate for education who was gunned down by a Pakistani Taliban attacker in the Swat Valley. She was grievously wounded, and the militants vowed they would try again until they had killed her. The result was a tidal wave of public anger that clearly unsettled the Pakistani Taliban.

In singling out the core workers in one of Pakistan’s most crucial public health initiatives, militants seem to have resolved to harden their stance against immunization drives, and declared anew that they consider women to be legitimate targets. Until this week, vaccinators had never been targeted with such violence in such numbers.

Government officials in Peshawar said that they believe a Taliban faction in Mohmand, a tribal area near Peshawar, was behind at least some of the shootings. Still, the Pakistani Taliban have been uncharacteristically silent about the attacks, with no official claims of responsibility. In staying quiet, the militants may be trying to blunt any public backlash like the huge demonstrations over the attack on Ms. Yousafzai.

Female polio workers here are easy targets. They wear no uniforms but are readily recognizable, with clipboards and refrigerated vaccine boxes, walking door to door. They work in pairs — including at least one woman — and are paid just over $2.50 a day. Most days one team can vaccinate 150 to 200 children.

Faced with suspicious or recalcitrant parents, their only weapon is reassurance: a gentle pat on the hand, a shared cup of tea, an offer to seek religious assurances from a pro-vaccine cleric. “The whole program is dependent on them,” said Mr. Shah, in Peshawar. “If they do good work, and talk well to the parents, then they will vaccinate the children.”

That has happened with increasing frequency in Pakistan over the past year. A concerted immunization drive, involving up to 225,000 vaccination workers, drove the number of newly infected polio victims down to 52. Several high-profile groups shouldered the program forward — at the global level, donors like the Bill and Melinda Gates Foundation, the United Nations and Rotary International; and at the national level, President Asif Ali Zardari and his daughter Aseefa, who have made polio eradication a “personal mission.”

On a global scale, setbacks are not unusual in polio vaccination campaigns, which, by dint of their massive scale and need to reach deep inside conservative societies, end up grappling with more than just medical challenges. In other campaigns in Africa and South Asia, vaccinators have grappled with natural disaster, virulent opposition from conservative clerics and sudden outbreaks of mysterious strains of the disease.

Declan Walsh reported from Lahore, and Donald G. McNeil Jr. from New York. Ismail Khan contributed reporting from Peshawar, Pakistan.

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Waiting on fiscal cliff compromise, stocks meander

The stock market moved between small gains and losses in early trading Thursday. Uncertainty about the approaching “fiscal cliff,” just days away, was top of mind for many traders.

The House planned to move ahead on what Speaker John Boehner called “Plan B,” though President Barack Obama has threatened to veto it.

Shortly after 10 a.m. EST, the Dow Jones industrial average was up seven points at 13,259. The Standard & Poor's 500 was up two at 1,438. The Nasdaq composite index rose a fraction to 3,045.

Also at the forefront for many traders was the news that NYSE Euronext, the parent of the New York Stock Exchange, planned to sell itself to IntercontinentalExchange, an upstart and lesser-known exchange operator based in Atlanta.

NYSE Euronext's stock surged 31 percent, rising $7.40 to $31.45. IntercontinentalExchange fell $2.89 to $125.42. That signals traders think the proposed deal could be more beneficial to NYSE Euronext than to its potential buyer. The marriage still needs the approval of regulators, and it isn't clear if they'll offer it.

In Washington, the Republicans' proposal would raise taxes on the wealthy, something the Democrats have pushed for. But the plan also left in place budget cuts to the military and domestic agencies that Democrats have generally opposed.

If the Republicans and Democrats don't work out a compromise before the end of the month, the U.S. could go over the “fiscal cliff,” a reference to taxes increases and sweeping government spending cuts that would automatically kick in if no budget deal is in place. Some economists fear that would push the U.S. back into recession.

To be sure, many observers expect that a deal will be worked out ahead of the deadline — perhaps at the last minute, and with lots of political theatrics, but worked out nonetheless. In the meantime, the uncertainty has kept the market sluggish and indecisive for weeks.

Even without the complications of the fiscal cliff, the U.S. economy has been difficult to read, a pattern that continued Thursday.

The government said the U.S. economy grew at an annual rate of 3.1 percent over the summer, higher than the previous estimate of 2.7 percent. But the growth is likely to slow in the current quarter and early next year.

The government also reported that the number of Americans applying for unemployment benefits rose last week, a disappointment after four straight weeks of declines. But the four-week moving average of jobless claims, a less volatile measurement, fell.

A slate of companies reported earnings, with varied results:

—Darden Restaurants, the parent of Olive Garden and Red Lobster, slipped 78 cents to $46.03 after the company reported lower profit and revenue.

—Rite Aid, the drugstore chain, soared 10 percent, rising 11 cents to $1.15, after the company reported its first quarterly profit since 2007.

—Discover Financial Services fell $1.26 to $38.51. The company reported higher profit and revenue, but earnings missed analysts' expectations.

—Scholastic, publisher of the best-selling “The Hunger Games” trilogy, slipped 73 cents to $28.56 after reporting lower profit and revenue.

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Bork, whose failed Supreme Court nomination made history, dies

Robert H. Bork, who stepped in to fire the Watergate prosecutor at Richard Nixon's behest and whose failed 1980s nomination to the Supreme Court helped draw the modern boundaries of cultural fights over abortion, civil rights and other issues, has died. He was 85.

Son Robert H. Bork Jr. confirmed the death Wednesday. His father had a long career in politics and the law that took him from respected academic to a totem of conservative grievance.

Bork was accused of being a partisan hatchet man for Nixon when he fired Watergate special prosecutor Archibald Cox in the Saturday Night Massacre of 1973.

Bork's drubbing during the 1987 Senate nomination hearings made him a hero to the right and a rallying cry for younger conservatives.

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Facebook CEO Zuckerberg donating $500M in stock

SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg said he is donating nearly $ 500 million in stock to a Silicon Valley charity with the aim of funding health and education issues.

Zuckerberg donated 18 million Facebook shares, valued at $ 498.8 million based on their Tuesday closing price. The beneficiary is the Silicon Valley Community Foundation, a nonprofit that works with donors to allocate their gifts.

This is Zuckerberg’s largest donation to date. He pledged $ 100 million in Facebook stock to Newark, N.J., public schools in 2010, before his company went public earlier this year. Later in 2010, he joined Giving Pledge, an effort led by Microsoft Corp. founder Bill Gates and Berkshire Hathaway Inc. CEO Warren Buffett to get the country’s richest people to donate most of their wealth. His wife, Priscilla Chan, joined with him.

In a Facebook post Tuesday, Zuckerberg, 28, said he’s “proud of the work” done by the foundation that his Newark donation launched, called Startup: Education, which has helped open charter schools, high schools and others.

With the latest contribution, he added, “we will look for areas in education and health to focus on next.” He did not give further details on what plans there may be for funds.

“Mark’s generous gift will change lives and inspire others in Silicon Valley and around the globe to give back and make the world a better place,” said Emmett D. Carson, CEO of the foundation.

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Adele voted AP Entertainer of the Year

NEW YORK (AP) — Though Adele didn't have a new album or a worldwide tour in 2012, she's still rolling. After a year of Grammy glory and James Bond soundtracking, Adele has been voted The Associated Press Entertainer of the Year.

In 132 ballots submitted by members and subscribers of the AP, Adele easily outpaced other vote-getters like Taylor Swift, "Fifty Shades of Grey" author E.L. James, the South Korean viral video star PSY and the cast of "Twilight." Editors and broadcasters were asked to cast their ballot for the person who had the most influence on entertainment and culture in 2012.

Adele's year began in triumph at the Grammys, took a turn through recording the theme to the 007 film "Skyfall," and ended with the birth of her son in October. The ubiquitous Adele was that rare thing in pop culture: an unqualified sensation, a megastar in a universe of niche hits.

By the end of the year, her sophomore album, "21," had passed 10 million copies sold in the U.S., only the 21st album in the Nielsen SoundScan era (begun in 1991) to achieve diamond status. Buoyed by hits like "Someone Like You" and "Rolling in the Deep" long after its release in early 2011, "21" was also the top-selling album on iTunes for the second year running.

As David Panian, news editor for Michigan's Daily Telegram, put it: "It just seemed like you couldn't turn on the radio without hearing one of her songs."

Women have had a lock on the annual Entertainer of the Year selection. Previous winners include Lady Gaga, Taylor Swift, Betty White and Tina Fey. Stephen Colbert is the lone male winner in the six-year history of voting.

The Grammy Awards in February were essentially the de-facto crowning of the 24-year-old Adele, whose real name is Adele Adkins, as a pop queen. She won six awards, including album of the year. It was also a comeback of sorts for Adele, who performed for the first time since having vocal cord surgery, drawing a standing ovation from the Staples Center crowd.

Accepting the album of the year award, a teary Adele exclaimed: "Mum, girl did good!" The emotional, sniffling singer endeared many viewers to her when she copped in her acceptance speech to having "a bit of snot."

"This record is inspired by something that is really normal and everyone's been through it: just a rubbish relationship," said Adele.

But her luck in love has since turned, thanks to her boyfriend Simon Konecki. In an interview with Vogue magazine, Adele said she was through with break-up records and done being "a bitter witch." When Adele announced in June that she was having a baby with Konecki, her website promptly crashed under the heavy traffic. Their son was born in October.

With such an avalanche of success and now a mother of a newborn son, Adele has understandably taken a step out of the spotlight. One notable exception was recording the opening credits theme song to "Skyfall." The song was recorded with her "21" producer Paul Epworth at the Abbey Road Studios in London with a 77-piece orchestra. Within hours, it zoomed to the top of digital charts.

"There was an overwhelming embrace of Adele and her music," said Joe Butkiewicz, executive editor of the Times Leader in Wilkes-Barre, Pa. "And that was never more evident to me than when I heard teenagers express their enthusiastic expectations for the new James Bond movie because Adele performed the theme song."

The song recently received a Golden Globe nomination. No Bond theme has ever won the best original song Oscar, but given Adele's awards success thus far, it wouldn't be a stretch to think she has a chance of changing that. The tune is among the 75 short-listed songs in the Academy Awards category.

___

Projects Editor Brooke Lansdale contributed to this report.

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Sandy stifled housing starts in November, though permits were up

WASHINGTON -- New housing starts fell 3% in November from the previous month as Superstorm Sandy kept builders from breaking ground in the Northeast, the Commerce Department reported Wednesday.

But the number of building permits issued, a sign of future activity, rose 3.6% last month compared with October. It was the highest level in more than four years and an indication that the housing market is continuing its strong rebound despite Sandy's effects.

Compared with a year earlier, housing starts and building permits were up sharply.

Construction began on new privately owned residential homes at a seasonally adjusted annual rate of 861,000 in November, down from a revised rate of 888,000 in October. The reading was below analysts' expectations of a drop to about an 872,000 annual pace.

Starts dropped 5.2% in the Northeast, which was hit hard by Sandy on Oct. 29-30. Starts also fell 19.2% in the West, but were up 3.3% in the Midwest and 2.9% in the South.

Compared with a year earlier, starts were down 25.5% in the Northeast, the only region to show a decrease.

Building permits also dropped about 6.2% in the Northeast in November form the previous month. But permits were up in the rest of the country to an annual rate of 899,000, their highest level since July 2008.

The annual rate of permits was a 26.8% increase from a year earlier. Despite last month's drop, housing starts also were well above last year's pace, up 21.6% compared with November 2011.

Low mortgage rates and an improving jobs market has helped fuel the housing sector rebound. On Tuesday, the National Assn. of Home Builders and Wells Fargo & Co. reported that builder confidence rose in December to its highest level in more than six years.

US Housing Starts data by YCharts

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In defense-heavy San Diego, 'fiscal cliff' threat hits home

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Southern California posts most November home sales in six years

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Newport Beach dock renters may withhold holiday love

Marcy Cook embraces the holiday season. The tell? Start with the teddy bears dressed as Santa. More than 1,500 stand sentry around and inside her Newport Beach waterfronthome. Garland and strings of lights threaten to strangle the place like kudzu.

"We decorate a little bit, if you haven't noticed," said Cook, 69. "It's the highlight of the year for us."

Each Christmas, Newport Harbor is ablaze in lights as homeowners go to extraordinary lengths to complement the city's annual Christmas Boat Parade — an indelible tradition that renews itself Wednesday night and continues through Sunday.

But this has been a stressful season here along the tranquil waterfront lined with multimillion-dollar homes.

An increase in city rental fees for residential docks that protrude over public tidelands created a furor when it was approved last week by the City Council.

It also prompted a call to boycott the boat parade and festival of lights by a group calling itself "Stop the Dock Tax."

"It costs us thousands of dollars to voluntarily decorate our homes and boats to bring holiday smiles to nearly 1 million people," organization Chairman Bob McCaffrey wrote to the city. "This year, we are turning off our lights and withdrawing our boats in protest of the massive new dock tax we expect the City Council to levy."

Pete Pallette, a fellow boycott proponent and harbor homeowner, told city leaders the group would call off the boycott only if the council delayed voting on the rent hike. "Otherwise," he vowed, "game on."

In a place where homes come with names and mega-yachts bob in the harbor, it might appear the wealthy are wielding a weapon most often reserved for the masses. A holiday blackout, proponents say, will underscore their displeasure.

Newport's dock fee, which has stood at $100 a year for the last two decades, will now be based on a dock's size. The city says rents will increase to about $250 for a small slip to $3,200 annually for a large dock shared by two homeowners.

"People have been paying $8 a month all these years to access what is public waters," said Newport Beach City Manager Dave Kiff. "That's a pretty good deal. The City Council didn't think the increase it approved was too extreme."

Many did.

They packed council meetings when the hike was discussed, accusing the city of an excessive money grab.

They brushed aside the city's rationale: Statelawmandates cities charge fair market rents for the private use of public lands, and Newport Beach was only now catching up.

And they were unmoved by arguments that the extra revenue will go exclusively to badly needed repairs to a harbor that, despite outward appearances, needs a lot of work.

The city's five-year plan for the harbor calls for $29 million in long-overdue maintenance. Its silt-filled channels haven't been fully dredged since the Great Depression. Ancient, leaky sea walls protecting neighborhoods need to be repaired or replaced.

"We have the makings of a perfect storm like they did on the East Coast" during Superstorm Sandy, said Chris Miller, the city's harbor resources manager. "The sea walls are nearing the end of their useful life."

Even with the rent increases, Newport's dock owners will contribute a tiny fraction of that cost — the rest coming from the federal government and the city's general operating fund.

As dock owners fumed over having to pay more, others recoiled at the proposed boycott of the boat parade, which dates to 1908 when a single gondola led eight canoes illuminated by Japanese lanterns around the harbor. It has now swelled to a decent-sized armada of dozens of boats — some carrying paying customers — that circle past the decorated harbor-front homes.

"The boycott is ridiculous," said Shirley Pepys, whose frontyard on Balboa Island has been taken over by a family of penguins dressed for a Hawaiian luau.

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Xbox SmartGlass updated with second-screen ESPN and NBA Game Time app experiences

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