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	<title>Observer &#187; Glenn Britt</title>
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		<title>Observer &#187; Glenn Britt</title>
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		<title>Business, Policy Leaders Set to Launch &#8220;Inclusive Capitalism&#8221; Initiative in U.S.</title>

		<comments>http://observer.com/2012/10/business-policy-leaders-set-to-launch-inclusive-capitalism-initiative-in-u-s/#comments</comments>
		<pubDate>Wed, 10 Oct 2012 12:39:27 -0400</pubDate>
					<link>http://observer.com/2012/10/business-policy-leaders-set-to-launch-inclusive-capitalism-initiative-in-u-s/</link>
			<dc:creator>Patrick Clark</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=268705</guid>
		<description><![CDATA[<p>When <em>The Observer </em>reviewed Chrystia Freeland's new book on the rise of a <a href="http://observer.com/2012/10/the-very-rich-are-very-different-chrystia-freeland-introduces-us-to-the-new-global-elite/">new global elite last week</a>, we were struck by the thought that in a world where billionaire capitalists (of whatever flavor: Russian oligarch, high financiers or tech evangelist) exert an outsized influence, it's hard to change the world without first changing the minds of the men and women at the top.</p>
<p>And so we were interested to learn about the <a href="http://henryjacksoninitiative.org/about_us">Henry Jackson Initiative</a><a href="http://henryjacksoninitiative.org/about_us"> for Inclusive Capitalism</a>, a new think tank formed with the intent "to promote a more responsible, sustainable and inclusive capitalist system." <!--more--></p>
<p>The initiative, which launched in the U.K. in May, grew out of a task force chaired by Dominic Barton, Global Managing Director of McKinsey, and Lady Lynn Forester de Rothschild, CEO of El Rothschild, and proposes to make the case for capitalism in an era defined in part by Occupy Wall Street.</p>
<p>To that end, HJI is hosting a U.S. launch tomorrow, with presentations by business and policy leaders such as Time Warner Cable chief executive officer Glenn Britt, former Treasury Secretary Lawrence Summers and Sir John Peace, chairman of Burberry, Experian and Standard Chartered.</p>
<p>“Industry, innovation and enterprise must be anchored by an ethical, responsible and inclusive capitalist system," said Ms. de Rothschild. "We started this initiative to foster debate and dialogue about how capitalism can be improved, and to highlight the many excellent efforts of businesses that are taking the lead in the areas that most need improvement."</p>
<p><em>The Observer </em>intends to check out <a href="http://www.businesswire.com/news/home/20121004005962/en/Business-Policy-Leaders-Launch-Worldwide-Initiative-Promote">tomorrow's launch</a>. Meanwhile, a taste of the areas in which HJI thinks business "can make, and are making, positive progress," gleaned from a <a href="http://www.businesswire.com/news/home/20121004005962/en/Business-Policy-Leaders-Launch-Worldwide-Initiative-Promote">report published</a> by the organization:</p>
<p><strong>Education for employment: </strong>"In the U.S., the current mismatch between today’s educational model and the needs of today’s job market has contributed to an unemployment rate of 24.9 percent among those aged 16-24. In the U.K., over one in five young people is unemployed."</p>
<p><strong>Nurturing start-ups and small and medium enterprises: </strong>"We believe large companies can help SMEs without making any significant compromises to their own profitability. For this to happen, however, they must mentor SMEs in working more successfully as suppliers to large companies. SMEs also need better access to credit."</p>
<p><strong>Reforming management and governance for the long term: </strong>"Today’s focus on short-term performance must be replaced by long-term thinking on everybody’s part. Companies need not offer quarterly earnings guidance. They should seek ways to reward investors who hold their shares for the long term."</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p>When <em>The Observer </em>reviewed Chrystia Freeland's new book on the rise of a <a href="http://observer.com/2012/10/the-very-rich-are-very-different-chrystia-freeland-introduces-us-to-the-new-global-elite/">new global elite last week</a>, we were struck by the thought that in a world where billionaire capitalists (of whatever flavor: Russian oligarch, high financiers or tech evangelist) exert an outsized influence, it's hard to change the world without first changing the minds of the men and women at the top.</p>
<p>And so we were interested to learn about the <a href="http://henryjacksoninitiative.org/about_us">Henry Jackson Initiative</a><a href="http://henryjacksoninitiative.org/about_us"> for Inclusive Capitalism</a>, a new think tank formed with the intent "to promote a more responsible, sustainable and inclusive capitalist system." <!--more--></p>
<p>The initiative, which launched in the U.K. in May, grew out of a task force chaired by Dominic Barton, Global Managing Director of McKinsey, and Lady Lynn Forester de Rothschild, CEO of El Rothschild, and proposes to make the case for capitalism in an era defined in part by Occupy Wall Street.</p>
<p>To that end, HJI is hosting a U.S. launch tomorrow, with presentations by business and policy leaders such as Time Warner Cable chief executive officer Glenn Britt, former Treasury Secretary Lawrence Summers and Sir John Peace, chairman of Burberry, Experian and Standard Chartered.</p>
<p>“Industry, innovation and enterprise must be anchored by an ethical, responsible and inclusive capitalist system," said Ms. de Rothschild. "We started this initiative to foster debate and dialogue about how capitalism can be improved, and to highlight the many excellent efforts of businesses that are taking the lead in the areas that most need improvement."</p>
<p><em>The Observer </em>intends to check out <a href="http://www.businesswire.com/news/home/20121004005962/en/Business-Policy-Leaders-Launch-Worldwide-Initiative-Promote">tomorrow's launch</a>. Meanwhile, a taste of the areas in which HJI thinks business "can make, and are making, positive progress," gleaned from a <a href="http://www.businesswire.com/news/home/20121004005962/en/Business-Policy-Leaders-Launch-Worldwide-Initiative-Promote">report published</a> by the organization:</p>
<p><strong>Education for employment: </strong>"In the U.S., the current mismatch between today’s educational model and the needs of today’s job market has contributed to an unemployment rate of 24.9 percent among those aged 16-24. In the U.K., over one in five young people is unemployed."</p>
<p><strong>Nurturing start-ups and small and medium enterprises: </strong>"We believe large companies can help SMEs without making any significant compromises to their own profitability. For this to happen, however, they must mentor SMEs in working more successfully as suppliers to large companies. SMEs also need better access to credit."</p>
<p><strong>Reforming management and governance for the long term: </strong>"Today’s focus on short-term performance must be replaced by long-term thinking on everybody’s part. Companies need not offer quarterly earnings guidance. They should seek ways to reward investors who hold their shares for the long term."</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></content:encoded>
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		<title>Time-Warner Cable and MSG Brass Back to Negotiating Table Over Blackout Dispute</title>

		<comments>http://observer.com/2012/02/time-warner-cable-knicks-negotiating-dispute-02162012/#comments</comments>
		<pubDate>Thu, 16 Feb 2012 17:30:09 -0400</pubDate>
					<link>http://observer.com/2012/02/time-warner-cable-knicks-negotiating-dispute-02162012/</link>
			<dc:creator>Foster Kamer</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=222250</guid>
		<description><![CDATA[<p><center><a href="http://www.observer.com/2012/02/time-warner-cable-knicks-negotiating-dispute-02162012/jeremy-lin-fighting-over-ball-knicks/" rel="attachment wp-att-222258"><img src="http://nyoobserver.files.wordpress.com/2012/02/jeremy-lin-fighting-over-ball-knicks.jpg" alt="" title="jeremy lin fighting over ball knicks" width="600" height="395" class="aligncenter size-full wp-image-222258" /></a></center></p>
<p>The dispute over licensing fees between Time-Warner Cable and Madison Square Garden Entertainment—which owns the New York Knicks and MSG TV—has blacked out the majority of Knicks coverage for New Yorkers since the beginning of 2012. In January, talks had completely stalled out. </p>
<p><em>The Observer</em> has now learned that MSG Entertainment chairman James Dolan and Time-Warner Cable chairman Glenn A. Britt finally returned to the negotiating table earlier this week. <!--more--></p>
<p>A source with intimate knowledge of the talks explained that Mr. Dolan and Mr. Britt "met Monday, and discussions have continued since then." That said, the source explained, "Don't get overly enthusiastic about it. The talks have yet to yield anything fruitful." </p>
<p>Regarding the renewed talks, representatives for Time-Warner declined to comment, and representatives for MSG have yet to return a request for comment. In this situation, however, some news is better than no news. </p>
<p>There's been no indication on who returned to the table first, but to call MSG's motivation to return to the table "renewed" would be to wrongly assume they had that much motivation to be there to begin with. </p>
<p>As <a href="http://www.observer.com/2012/01/knicks-cable-blackout-01112011/">the company held out through January</a>, their stock ticker kept rising. Now that Jeremy Lin has exploded as an international sensation, what difference could <a href="http://www.observer.com/2012/02/msg-time-warner-knicks-outage-statistics-numbers-02162012/">Time-Warner's 2.8 million subscribers</a> in New York City do for the network? </p>
<p>Quite a bit, actually. New York City is one of the most affluent sports markets in the country, and the MSG Network—whose stock has shot up since the Linsanity sensation started—could ratchet up advertiser fees with the renewed interest in the network's star franchise, which is to say nothing of Time-Warner's subscriber fees paid to MSG from each customer that they're still missing on their balance sheets.</p>
<p>Time-Warner's incentive to return to the negotiating table may be less urgent than MSG's. There aren't any readily available loss rates, but the idea of customers going through the pain of switching cable providers <em>en masse</em> to see one channel for one player on one NBA team—even if it is the market's home team—isn't very likely, and if it is, it likely wouldn't represent a majority mass of Time Warner's subscribers so much as supremely annoyed, die-hard Knicks fans. Even then, they'd have some hurdles to climb over, like happening to live in a building equipped for Verizon FIOS (not all of them are) or a south-facing wall they can use to mount something on (like, say, a DirectTV dish). </p>
<p>Linsanity isn't likely to go away any time soon. Whether or not 2.8 million New Yorkers will be able to participate in it before then remains to be seen. Here's hoping this is a good sign, however, and the first of many to come.</p>
<p><em>fkamer@observer.com</em> | <a href="http://www.twitter.com/weareyourfek">@weareyourfek</a></p>
]]></description>
		<content:encoded><![CDATA[<p><center><a href="http://www.observer.com/2012/02/time-warner-cable-knicks-negotiating-dispute-02162012/jeremy-lin-fighting-over-ball-knicks/" rel="attachment wp-att-222258"><img src="http://nyoobserver.files.wordpress.com/2012/02/jeremy-lin-fighting-over-ball-knicks.jpg" alt="" title="jeremy lin fighting over ball knicks" width="600" height="395" class="aligncenter size-full wp-image-222258" /></a></center></p>
<p>The dispute over licensing fees between Time-Warner Cable and Madison Square Garden Entertainment—which owns the New York Knicks and MSG TV—has blacked out the majority of Knicks coverage for New Yorkers since the beginning of 2012. In January, talks had completely stalled out. </p>
<p><em>The Observer</em> has now learned that MSG Entertainment chairman James Dolan and Time-Warner Cable chairman Glenn A. Britt finally returned to the negotiating table earlier this week. <!--more--></p>
<p>A source with intimate knowledge of the talks explained that Mr. Dolan and Mr. Britt "met Monday, and discussions have continued since then." That said, the source explained, "Don't get overly enthusiastic about it. The talks have yet to yield anything fruitful." </p>
<p>Regarding the renewed talks, representatives for Time-Warner declined to comment, and representatives for MSG have yet to return a request for comment. In this situation, however, some news is better than no news. </p>
<p>There's been no indication on who returned to the table first, but to call MSG's motivation to return to the table "renewed" would be to wrongly assume they had that much motivation to be there to begin with. </p>
<p>As <a href="http://www.observer.com/2012/01/knicks-cable-blackout-01112011/">the company held out through January</a>, their stock ticker kept rising. Now that Jeremy Lin has exploded as an international sensation, what difference could <a href="http://www.observer.com/2012/02/msg-time-warner-knicks-outage-statistics-numbers-02162012/">Time-Warner's 2.8 million subscribers</a> in New York City do for the network? </p>
<p>Quite a bit, actually. New York City is one of the most affluent sports markets in the country, and the MSG Network—whose stock has shot up since the Linsanity sensation started—could ratchet up advertiser fees with the renewed interest in the network's star franchise, which is to say nothing of Time-Warner's subscriber fees paid to MSG from each customer that they're still missing on their balance sheets.</p>
<p>Time-Warner's incentive to return to the negotiating table may be less urgent than MSG's. There aren't any readily available loss rates, but the idea of customers going through the pain of switching cable providers <em>en masse</em> to see one channel for one player on one NBA team—even if it is the market's home team—isn't very likely, and if it is, it likely wouldn't represent a majority mass of Time Warner's subscribers so much as supremely annoyed, die-hard Knicks fans. Even then, they'd have some hurdles to climb over, like happening to live in a building equipped for Verizon FIOS (not all of them are) or a south-facing wall they can use to mount something on (like, say, a DirectTV dish). </p>
<p>Linsanity isn't likely to go away any time soon. Whether or not 2.8 million New Yorkers will be able to participate in it before then remains to be seen. Here's hoping this is a good sign, however, and the first of many to come.</p>
<p><em>fkamer@observer.com</em> | <a href="http://www.twitter.com/weareyourfek">@weareyourfek</a></p>
]]></content:encoded>
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		<slash:comments>8</slash:comments>
	
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