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Billboard honors record executives at Music Biz event

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Do Ethiopian music producers have the potential to penetrate the international market?
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Epic Records A&R President Tricky Stewart and Motown Executive Vice President of Urban Music Ethiopia Habtemariam, provide industry gems and music forecasts at the Music Biz 2013 40 Under 40 panel.

Record executives Ethiopia Habtemariam and Tricky Stewart were both honored at Music Biz 2013, a four-day music industry event jointly orchestrated by NARM (National Association of Recording Merchandisers) and digitalmusic.org [major trade associations in the music industry]. Both honorees were participants on a panel hosted by Billboard entitled The Future of the Biz on the Future of the Biz last Wednesday. The event, which took place at the Hyatt Regency Century Plaza Hotel, recognized individuals on Billboard’s 2012 40 Under 40 Power Players list.

Understandably thrilled about this distinguished honor, the two shared their excitement.

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Pope Benedict Comes Out as Gay

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Do you support gay right?
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Pope Benedict XVI announced today that he has resigned his papacy because he is gay and “could no longer live a lie.”

In a statement released to Italian news media the 85-year-old departing pontiff says he is relieved to be coming out after eight decades in the closet and urged the Catholic Church and other faiths to accept homosexuality as a natural part of God’s creation.

“Like many gay Catholics, I have been forced for too long to choose between my faith and my identity,” the statement reads. “My profound love for my beloved church compelled me to lie to myself and to my fellow believers about a basic component of my humanity.

“I deeply regret that deception. I have not been honest with the Church, and for that reason I decided that I could not continue my role as leader of the world’s one billion Catholics.

“Now that I have been liberated of this secret, I wish to express my belief that homosexuals are equal in the eyes of God. I beseech the Catholic Church to reconsider its ban on gay clergy and become a leading force in the struggle for gay rights.”
Source: dailycurrent.com

Barack Obama fires US tax chief over scandal

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Will Obama return the public confidence on IRS?
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Washington’s top tax official was fired on Wednesday as President Barack Obama sought to stem a rising tide of criticism in a scandal over the Internal Revenue Service’s targeting of conservative groups for special scrutiny.

Seeking to regain the initiative amid a series of controversies that have threatened his second-term agenda, Obama said new leadership was needed to restore public confidence in the IRS, whose reputation for political independence has suffered a major blow.

With congressional investigations looming, Obama said he had told Treasury Secretary Jack Lew to seek the resignation of Steven Miller, the acting IRS commissioner, and Lew had done so.

“I’ll do everything in my power to make sure nothing like this happens again by holding the responsible parties accountable, by putting in place new checks and new safeguards,” Obama told reporters in the White House’s ornate East Room.

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Venezuela is running low on toilet paper, and it’s blaming the media

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Should governments interfere in the market?
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Hugo Chávez’s Bolivarian Revolution was supposed to offer ordinary Venezuelans political power and social services. On some of these counts, it has at least partially succeeded. On others — such as the provision of toilet paper — not so much.

On Tuesday, Alejandro Fleming, the country’s commerce minister, announced that the government would make the equivalent of a frantic grocery store run to pick up some rolls. “The revolution will bring the country the equivalent of 50 million rolls of toilet paper,” he told the state news agency AVN. “We are going to saturate the market so that our people calm down.” (Not that long ago, the “revolution” was promising to provide housing and health care but hey, Marx said something about the importance of toilet paper, right?)

“This is the last straw,” Manuel Fagundes, a shopper trying to track down some toilet paper in Caracas, told the Associated Press. “I’m 71 years old and this is the first time I’ve seen this.”

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Google Buys a Quantum Computer

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Is Ethiopia doing enough on technology innovations?
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Google and NASA are forming a laboratory to study artificial intelligence by means of computers that use the unusual properties of quantum physics. Their quantum computer, which performs complex calculations thousands of times faster than existing supercomputers, is expected to be in active use in the third quarter of this year.

The Quantum Artificial Intelligence Lab, as the entity is called, will focus on machine learning, which is the way computers take note of patterns of information to improve their outputs. Personalized Internet search and predictions of traffic congestion based on GPS data are examples of machine learning. The field is particularly important for things like facial or voice recognition, biological behavior, or the management of very large and complex systems.
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