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Boston contest to combat rising sea levels

Written By Unknown on Sabtu, 01 November 2014 | 00.32

Boston is launching an international design competition to come up with solutions to combat rising sea levels after narrowly averting catastrophic flooding from Hurricane Sandy two years ago and two more recent powerful storms.

Mayor Martin J. Walsh yesterday announced "Living with Water" — a program that will solicit ideas to address three threats posed by encroaching sea levels to the city:

• How to safeguard the 97-year-old Prince Building in the North End.

• The best way to redevelop Fort Point, an area undergoing significant construction.

• Devising a plan to address the recurring flooding on Morrissey Boulevard in Dorchester.

"There's no issue more urgent in a lot of ways than climate action," Walsh said. "We need to do everything possible."

A jury of architects, civic planners and city officials will award $20,000 to the best submission, which is due by the end of January.

"We need to take this challenge and these lessons and really turn it into something real," said Keiros Shen, director of planning for the Boston Redevelopment Authority and a jury member.

Walsh also announced a climate change summit next spring when state and regional leaders will come up with potential solutions to climate change.

Any of the Boston area's three near-misses with major storms in recent years would have caused "100-year floods" if they had hit hours earlier or later, according to Brian Swett, the Hub's chief of environment, energy and open space.

Cambridge City Manager Richard Rossi said, "If we don't act regionally, we're not going to solve these problems."


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Insurers unsure on transgender care

Four months after the state Division of Insurance put health plans on notice that denying medically necessary treatment to transgender people is prohibited sex discrimination, insurers are still grappling with what constitutes medical necessity, and patients are struggling to find doctors who'll treat them.

In a state world-renowned for its medical talent, no Massachusetts physician performs genital gender reassignment surgery, said Elizabeth M. Murphy of the Massachusetts Association of Health Plans.

"We were concerned people were having to go all over the country for this surgery," Dr. Joel Rubenstein of Harvard Pilgrim Health Care said yesterday at a Division of Insurance informational session. "We're hopeful somebody would step up to put together the surgical piece so it could all be in one place."

Under state law, health plans are required to develop evidence-based medical necessity guidelines for such procedures.

"We are determined to ... not exclude treatment for this condition," Rubenstein said.

On the other hand, he said, Harvard Pilgrim does not want to approve procedures such as facial feminization for transgender people if those procedures would be considered merely cosmetic for other people.

"If we cover them for transgender patients, we would be being reverse-discriminatory," said Dr. Robert Nierman, medical director at Tufts Health Plan.

But Ruben Hopwood of Fenway Health said facial feminization is not about wanting a "cuter nose." A transgender person's appearance is more likely to be the difference between getting a job or not getting one, and walking down the street unafraid or being attacked, Hopwood said.

Getting the proper treatment also can save money that might otherwise be spent on treatment for alcohol or substance abuse or depression, said Pam Klein, a nurse at Boston Health Care for the Homeless.


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The Ticker

Federal Reserve ends bond-buying program

The Federal Reserve cited an improving economy yesterday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike.

The Fed did reiterate its plan to maintain its benchmark short-term rate near zero "for a considerable time." Most economists predict it won't raise that rate, which affects many consumer and business loans, before mid-2015.

Planned Seaport 10-screen theater complex applies for liquor license

Chicago-based Kerasotes ShowPlace Theatres has applied for a liquor license for its upscale 10-screen ShowPlace ICON Theatre at the One Seaport Square development to be built in South Boston's Seaport District.

The movie theater is slated to include reserved seating and a lobby lounge serving alcoholic drinks.

A groundbreaking is scheduled for next month on the 1.1-million-square-foot One Seaport Square, which will include two 22-story apartment and retail towers. Kerasotes has a 20-year lease and will occupy about 41,375 square feet of third-floor space.

Boston Medical Center sells 3 buildings

Boston Medical Center announced yesterday it has reached an agreement to sell three buildings to Leggat McCall Properties: 660 Harrison Ave., 100 East Canton St. and 720 Harrison Ave. The agreement also includes an option for Leggat McCall to purchase 88 East Newton St. in three years. BMC will continue to occupy buildings included in the sale for varying amounts of time, consistent with clinical and administrative needs, while it completes its planned campus redesign.

Today

 Labor Department releases weekly jobless claims.

 Commerce Department releases third-quarter gross domestic product.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

TOMORROW

 Commerce Department releases personal income and spending for September.

 Labor Department releases the third-quarter employment cost index.

THE SHUFFLE

The Harpoon Brewery in Boston has announced the promotion of Charlie Storey to president. Since joining Harpoon in 1996, Storey has served as senior vice president of marketing. In his new role Storey will oversee the marketing function, Harpoon's retail and festival enterprises, and have general management responsibilities for the Harpoon Distributing Co.

 George Donnelly is stepping down as executive editor of the Boston Business Journal after 14 years in the role.


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MassChallenge gives out $1.75M

Four companies were selected as "Diamond" winners and awarded $100,000 each as MassChallenge honored its latest batch of promising startups last night.

Two companies in the social impact category — Catie's Closet, which provides clothing to students living in poverty, and Drinkwell, a company that helps turn water access in the developing world into an entrepreneurial opportunity for locals — took top honors. The other two top winners were health care companies Disease Diagnostic Group and SQZ Biotech.

John Harthorne, founder and CEO of MassChallenge, said the startups could change the world.

"You can imagine a world in which this room, we can literally catalyze a renaissance globally," he said.

Overall, 26 startups received more than $1.75 million and $10 million in services.

MassChallenge said this year's companies have already raised $68 million in venture financing, more than twice as much money as any other class. The 617 companies to go through MassChallenge in the past five months have raised $706.1 million from investors, and created 4,802 jobs, according to MassChallenge.

"(Massachusetts) is where it is happening if you have an idea about changing the world," Gov. Deval Patrick said, after accepting an award from MassChallenge for supporting innovation. "MassChallenge has been central to all of that."

Eric Schmidt, executive chairman of Google, said entrepreneurs will be key to the future of the country.

"They create jobs, they solve every known problem," he said. "I cannot think of a better use of our time than to create more entrepreneurs, get them successful, and cheer them to victory."

MassChallenge also said its next accelerator program, MassChallenge UK, will start in London in a few months.


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Asia stocks meander after Fed ends stimulus

HONG KONG — Asian stock markets meandered Thursday while the dollar strengthened against other currencies after the Federal Reserve said it will end its stimulus program, as many had expected.

KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.5 percent to 15,636.60 while South Korea's Kospi lost 0.5 percent to 1,950.26. Hong Kong's Hang Seng fell 0.3 percent to 23,738.79. In mainland China, the Shanghai Composite Index was little changed at 2,372.46. Australia's S&P/ASX 200 climbed 0.4 percent to 5,468.30.

STIMULUS OVER: The Federal Reserve confirmed the end of its $4 trillion bond-buying program, known as quantitative easing, noting that the U.S. economy no longer needs as much assistance. It reiterated that "considerable time" was needed before short-term borrowing rates are raised from near zero. But it also noted the improving job market in the world's biggest economy, signaling that an eventual interest rate hike is on the cards.

THE QUOTE: "While 'considerable time' was kept, the Fed also inserted an escape clause, citing that it might raise rates sooner than anticipated if progress is faster than expected, and vice-versa. Thus, markets began to bring back pricing of the first rate hike back to June, and the U.S. dollar also rallied across the board," Mizuho Bank's Chang Wei Liang said in a research note.

WALL STREET: U.S. benchmarks ended slightly lower, with the Dow Jones industrial average dipping 0.2 percent to 16,974.31 while the Standard & Poor's 500 slipped 0.1 percent to 1,982.30. The Nasdaq composite fell 0.3 percent to 4,549.23.

CURRENCIES: The dollar rose to 109.05 yen from 108.77 in late trading Thursday. The euro slipped to $1.2624 from $1.2639.

ENERGY: Benchmark crude oil slipped 28 cents to $81.92 in electronic trading on the New York Mercantile Exchange. The contract rose 78 cents to settle at $82.20 on Wednesday. Brent crude, used to price oil in international markets, slipped 10 cents to $87.02 in London.


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Wal-Mart tests matching prices with online rivals

NEW YORK — Wal-Mart Stores Inc. is considering matching online prices from competitors like Amazon.com, raising the stakes for the holiday shopping season.

The world's largest retailer, based in Bentonville, Arkansas, has matched prices of local store competitors but has not followed other retailers including Best Buy and Target in matching prices of online rivals. But last month, Wal-Mart started to test the strategy in five markets: Atlanta; Charlotte, North Carolina; Dallas; Phoenix; and northwest Arkansas.

The move was first reported by The Wall Street Journal on Thursday.

Wal-Mart is trying to rev up sluggish sales in the U.S. as it battles competition from online retailers, and dollar chains and drug stores. Wal-Mart's namesake business, which accounts for 60 percent of its total business, hasn't reported growth in a key sales measure in six straight quarters.

But matching prices from sellers who don't have the costs associated with running brick-and-mortar stores could also hurt profits.

Deisha Barnett, a Wal-Mart spokeswoman says many store managers have matched online prices for customers on a case-by-case basis.

"Taking care of the customers who shop our stores is what we always aim to do," she added.

Wal-Mart has been trying to reclaim its role as the low price leader. This year, it rolled out an online tool called Savings Catcher that compares prices on thousands of products with those of some of its store competitors. If the tool finds a lower price elsewhere, it refunds the difference to shoppers in the form of a store credit. That's different from traditional pricing matching because Savings Catcher does the work for the customer.

Wal-Mart has had a price-matching strategy with physical stores for several years. In 2011, it simplified the policy by making sure workers have the advertised prices of competitors on hand at the register, eliminating the need for shoppers to bring in an ad from a rival store.

______________________

Follow Anne D'Innocenzio at http://www.Twitter.com/adinnocenzio.


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Apple CEO publicly acknowledges that he's gay

NEW YORK — Apple CEO Tim Cook's declaration that he's "proud to be gay" wasn't exactly news in Silicon Valley, where his sexual orientation was no secret. But advocates say that given Apple's immense reach and visibility, his coming-out could help change attitudes in workplaces across America.

The 53-year-old successor to Steve Jobs made the announcement in an essay published Thursday by Bloomberg Businessweek. He is the highest-profile U.S. business executive to publicly acknowledge that he's gay.

In a country where more major-league athletes have come out than top CEOs, business leaders said Cook's disclosure was an important step toward easing anti-gay stigma, particularly for employees in the many states where people can still be fired for their sexual orientation.

Cook, who led Out magazine's top 50 most powerful people for three years, said in the essay that while he never denied his sexuality, he never openly acknowledged it, either. He said he acted now in the hopes that his words could make a difference to others.

"I've come to realize that my desire for personal privacy has been holding me back from doing something more important," he wrote.

Cook said he considers being gay "among the greatest gifts God has given me" because it has given him both a better understanding of what it means to be in the minority and "the skin of a rhinoceros, which comes in handy when you're the CEO of Apple."

Besides Cook, there are no other openly gay CEOs in the Fortune 1,000, even though statistically, 3.4 percent of Americans identify as something other than straight, according to data from the Centers for Disease Control. Some executives of major U.S. corporations who are openly gay at their companies declined to comment to The Associated Press.

John Browne, who resigned as British Petroleum CEO in 2007 after being outed by a tabloid and who is the author of "The Glass Closet: Why Coming Out Is Good Business," said Cook has become a role model "and will speed up changes in the corporate world."

Megan Smith, a lesbian who was a top executive at Google before recently becoming the U.S. government's chief technology officer, predicted "people will look back at this time not only for the extraordinary technological innovations that keep coming, but also for great shifts in civil rights and inclusion of talent across our world. Tim is a big part of both of these important movements."

Fifty-three percent of workers in the U.S. who identify as lesbian, gay, bisexual or transgender hide that part of their identity at work, according to a study by Human Rights Campaign, the nation's largest gay-rights group.

"I think it depends on where they're located, and it depends on their position in a company," said Wendy Patrick, a business ethics lecturer at San Diego State University.

She points out that executives in the 29 U.S. states that do not protect employees from being fired based on sexual orientation may still feel hesitant to come out at work.

Cook's announcement "will save countless lives," said Chad Griffin, president of Human Rights Campaign. "Apple has consistently fought for the LGBT community, and we're incredibly grateful that today's announcement will bring even more to their work for equality."

Three days ago, Cook challenged his home state of Alabama to better ensure the rights of the lesbian, gay, bisexual and transgender community. Alabama is among the states that do not recognize same-sex marriage, and it offers no legal protections on the basis of sexual orientation or gender identity. Cook is a native of Robertsdale, Alabama and attended Auburn University.

In Silicon Valley, there's less of a stigma than in other industries and parts of the country.

"It's an engineering-based industry," said author Michael Malone, who has written several books about the evolution of Hewlett-Packard, Intel and other leading companies. "Either the person does the job or they don't. And if they don't, they're gone. And if they do the job, nobody really cares about their personal life."

It remains to be seen how the news will affect Cook's reception in conservative countries where Apple Inc. does business.

"The global reaction to this is going to be very interesting," said Todd Sears, who runs Out Leadership, a group that promotes gay rights. "Will Singapore arrest Tim Cook the next time he is there?"

In Russia, Vitaly Milonov, a city legislator in St. Petersburg notorious for his anti-gay statements, called Thursday for a lifetime ban that would bar Tim Cook from entering Russia.

But Cook's coming out is unlikely to affect Apple's sales in Russia, where most people don't mix ideology with consumption.

The appeal of Apple's products and the company's clout probably made it easier for Cook to take a stand, said Richard Zweigenhaft, a Guilford College psychology professor who co-wrote the book "Diversity in the Power Elite."

"This is not going to help Apple, and it's not going to hurt Apple. It's almost sort of immune because their products are so successful," he said.

Cook's revelation has the potential to make people worldwide rethink their attitudes toward gays because Apple's products are beloved around the globe.

Said Sears: "It is going to be hard being a homophobe while holding an iPhone now."

___

Associated Press writers Brandon Bailey and Michael Liedtke in San Francisco, Vladimir Isachenkov in Moscow and Michelle Chapman in New York contributed to this report.


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Arthur T. Demoulas rings up praise 
at store’s grand opening

Market Basket CEO Arthur T. Demoulas was greeted by selfie and autograph requests yesterday, as well as hugs, kisses and congratulations from adoring customers as he marked the formal opening of the grocery chain's new Revere store more than a year after its completion.

It's the 72nd location for the Tewksbury company, and the first since Demoulas' August reinstatement following his firing by a board controlled by his rival cousin, Arthur S. Demoulas. That corporate power struggle sparked a six-week shutdown of the chain by striking workers and protesting customers and resulted in millions of dollars in losses.

"The important thing is it's all smoothed out, and we're here to concentrate on a productive thing," Arthur T. Demoulas told Revere Mayor Daniel Rizzo. "We're sorry for the wait."

"Artie T." said he hopes to complete his $1.6 billion deal to assume full ownership of the family-owned chain by year's end. Meanwhile, Felicia Thornton and Jim Gooch, named in June to replace Demoulas as co-CEOs, continue to work in a "monitoring function," he said.

Asked if the massive debt attached to the purchase would affect Market Basket's generous employee profit-sharing program or low grocery prices, Demoulas said, "We're going to do our best to keep our model and prices intact."

"Operations are in full swing," he said. "Everything is right back to normal."

Demoulas said he hasn't talked to Arthur S. Demoulas since the deal's negotiation and declined comment on whether his cousin — who came to be known as the "bad Arthur" — got a bad rap during the contentious battle for the chain.

But Arthur T. Demoulas did say he expects no further lawsuits to be filed.

At more than 80,000 square feet, the Revere store is a bit larger than the average Market Basket.

"This store location, I think, will be an economic engine for the city," said Speaker of the House Robert A. DeLeo (D-Winthrop), who represents Revere.

Rizzo, who noted that the Market Basket "puts close to 500 people to work," said the store opening has already prompted inquiries from Starbucks and Panera Bread about nearby expansion.


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Business leaders also saw softer side of Tom Menino

Mayor Thomas M. Menino was known as a hard charger in the business community, a force of nature who, among many other things, transformed South Boston's waterfront into the thriving Innovation District. But Herb Chambers remembers the city's longest-serving mayor most for his soft spot for children.

The car dealership magnate recalls Menino visiting Chambers' native Dorchester, looking for toy donations to give to kids at Christmas.

"His office was like a toy factory around the holidays," he said. "Even when the auto business was going through some difficult years, he would call me and say, 'I know things are tough, but can you help me out?' And I was happy to because he was just a wonderful man."

Jack Connors, the founder of Boston ad firm Hill Holliday, said Menino called him about nine years ago, troubled that many of Boston's poorest kids never got to see the world beyond their own neighborhoods.

Connors suggested creating a camp, and the two set out to raise $10 million. As of this year, they had raised $52 million for Camp Harbor View on Long Island, where 900 kids spend a month each summer and where Menino would have lunch with them every Friday.

"The money comes from 
donors who don't know the kids, but knew him and his vision," Connors said.

But Menino could be tough when the occasion called for it.

Paul Guzzi, president and CEO of the Greater Boston Chamber of Commerce, remembers a meeting in which he, the mayor and U.S. Sen. Edward M. Kennedy urged Terry McAuliffe, then chairman of the Democratic National Committee, to choose Boston as host of the 2004 Democratic National Convention.

McAuliffe initially said no, prompting Menino and Kennedy "almost simultaneously" to slam their fists on the table and say, "We deserve this, and no is not an acceptable answer," Guzzi recalled. "No beating around the bush. He was an advocate for Boston."

His resoluteness finally won over McAuliffe, paving the way for the city to host the convention.

Menino addressed the chamber annually, and his speeches invariably turned to two of his top priorities: education and summer jobs for kids.

"One always went with the other," Guzzi said. "I can still remember him saying, 'These kids are my kids. These kids are our kids. And they deserve the best.' As it got closer to summer, there was the always-expected phone call: 'What are you going to do for our kids this summer? We want more money and more jobs.'"

James Rooney, executive director of the Massachusetts Convention Center Authority and Menino's chief of staff from 1999 to 2001, called the mayor's schedule "not human" and his attention to detail meticulous.

They would be driving to an event when Menino would spot a dead tree or a broken street light or a faded crosswalk in front of a school, and he'd quickly
call City Hall.

"The department heads would tell me, 'If you're driving with him, try not to let him find anything,'" Rooney recalled with a chuckle. "It got so that I once threatened to paint over the passenger-side window to show a bright, sunny day with green trees, freshly painted crosswalks and everything perfect."


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JP renovation adds modern onto classic

What do you do when you want to preserve a classic home's interior while dividing it into two large residences?

This was the design dilemma facing Dorchester-­based bou­tique developer WonderGroup, when it bought a classic 1898 Colonial Revival home at 23 Eliot St., on a corner lot in Jamaica Plain's Pondside neighborhood.

The ingenious solution was to preserve the traditional detailing and layout of the first two floors of the former single-family home and add a second unit in the rear with contemporary design.

"This is a stately home and I did not want to destroy its integrity," said WonderGroup owner Jacqueline Nunez. "It was exceptionally well built with incredible detailing and the last thing I wanted to do was to chop it up into two condos."

The just-completed project, with interiors designed by Boston-based Grassi ­Design Group, features two super high-end four-bedroom condos, each with more than 4,000 square feet of living space, and each listed for over $2 million.

"At around $500 a square foot, the prices are in line with high-end property in the neighborhood," said listing agent Janet Deegan of Coldwell Banker Residential Brokerage. "And while these are condos, they're designed to be like side-by-side single families, each with an entirely different feel."

The 4,393-square-foot three-level Unit 1, on the market for $2.2 million, retains the grandeur of the first two floors of the original house. There are double parlors with restored pocket­ doors on either side of the foyer, and these rooms have paneled wainscoting, dentil molding and ornate mantels for original wood-burning fireplaces.

The kitchen is completely new and features Shaker-style walnut cabinets, along with a marble island and counters and Gaggenau and Miele appliances. Off the kitchen is a side entrance that steps down to a private patio and side yard.

The restored grand staircase leads up to three bedrooms, including a master suite with a gas fireplace and radiant-heated marble bathroom. Two of the unit's six original fireplaces were converted to gas.

The four-level Unit 2, available for $2.1 million, has its own frontage and driveway on Brewer Street as well as a private side yard.

You enter this 4,083-
square-foot unit into a contemporary media room with a wet bar, framed by a set of lighted white oak stairs leading to three levels above, and there's also an elevator. The second level has a bedroom with its own private rear deck and a full bathroom.

The third floor has 18-foot vaulted walnut beam ceilings with a skylight and a private deck off the back. This stylish space has custom paneled accent walls, a gas fireplace and a staircase up to an attic level loft bedroom.

The adjacent kitchen is also strikingly contemporary with a waterfall-style marble island, matte painted and zebrawood cabinetry, Gaggenau and Miele appliances and track lighting. This unit also has a master suite with a stunning marble bathroom.

Both condos also have finished basements, hydronic multi-zone HVAC systems, built-in audio systems and smart wiring, as well as laundry rooms with Electrolux washers and dryers.

Nunez says that restoring the Colonial Revival home has been her firm's most expensive undertaking.

"It's a calculated risk," Nunez said. "But what better place to do it than in Pondside where there are so many grand summer homes, and on Eliot Street, one of the choicest residential streets in JP."


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