Monday, October 29, 2012

董事局擬踢走鄭經翰不果 DBC會議聲帶外泄 官極不滿 (原載《明報》)

【明報專訊】香港數碼廣播(DBC)風波演變至董事局奪權,該台昨召開股東兼董事會,多次無親身出席會議的股東黃楚標現身,會議一度要求解除鄭經翰及何國輝的董事職務,結果遭二人反對,需再開會討論,但雙方達共識願支付約200萬元的10月薪金。另外,目前鄭經翰被禁制談論DBC事務,但披露「中聯辦反感」的董事局會議聲帶卻外泄,法官對此表示「極為不滿」。

至於並非註冊為慈善基金的「支持鄭經翰何國輝訴訟基金」,至昨籌得5,194,373元,基金現由周啓邦律師樓監察,並由朱耀明牧師及立法會議員李卓人任信託人。

願支付200多萬元薪金
數碼廣播昨日上午舉行了股東會兼董事會,鄭經翰、何國輝及黃楚標均有出席,李國寶、李國章及黃子欣則無現身。據悉,雙方對電台發展存分歧,只達成共識願支付10月薪金,按接管人德勤資料約需200多萬元。

DBC大股東黃楚標的代表、資深大律師馮華健昨在聆訊透露,電台董事局昨晨開會討論成員去留,並解除鄭經翰及何國輝的董事職務。惟鄭何二人指時間倉卒而反對,會議陷僵局。有關動議將再次在董事局提出,法官夏利士要求黃按照早前承諾,在下月14日前完成董事局成員調動。

目前黃楚標陣營現佔五成股權,鄭經翰陣營則佔四成。據悉,該台股東協議,每擁有10%股份可委任一名董事,現有4名董事分別是鄭經翰、何國輝、黃楚標,以及屬黃陣營的彭玉榮。

黃楚標現身會議
另外,法官提及董事局會議聲帶外泄,分別在YouTube網站及公開廣播,引起社會關注。法庭早前頒布禁制令阻止「大班」鄭經翰泄密,法官認為事件已違令,「法庭對情况極為不滿,會嚴肅看待」,敦促鄭何的律師提醒二人。

DBC早前被高院委任德勤會計師事務所為臨時接管人,鄭何昨表明反對,要求取消「託管」。高院昨批准鄭何二人與黃楚標一方各自存入證供,擇日聆訊。

【案件編號:HCA1611/12】

鄭大班 感性發言-反對滅聲延續篇Oct28 (YouTube)





大姐大手記﹕Psy演出酬勞200萬天價 熱爆全球成搶手貨 (原載《明報》)

【明報專訊】最近大姐大發現有個搞笑新現象,就是在酒樓茶餐廳吃飯時,鄰桌的大叔們(絕對不假,是50多歲的阿叔們),竟然可以連續個多兩個小時不停用iPad播着Psy的《江南Style》,更有人手舞足蹈即席表演跳騎馬舞,同樣情况已遇過不止一次;現在終於明白為何該曲的音樂錄影全球的點擊率,可以在3個月內破5億。

身價翻幾翻
Psy全球風頭一時無兩,他亦自稱入行12年終於覺得自己真的走紅,個多月內一口氣出席美國多個高收視率的節目做宣傳,像名嘴愛倫狄珍妮絲(Ellen DeGeneres)及長壽綜藝節目《Saturday Night Live》(SNL)等,無疑把韓樂在全世界愈推愈勁。據聞,今年本港聖誕及新年的黃金檔期,不少商場及大型慶祝活動都會邀韓星做嘉賓,當中以Psy最搶手;因為一首《江南Style》已夠歡樂,音樂上腦之餘還可全場一齊跳舞,跟普世歡騰的節目氣氛簡直襯到絕!不過,想邀請Psy擔任嘉賓絕不容易,全球各地都爭着他表演做嘉賓,最近他的身價已翻幾翻,全世界除了韓國外,他演出一場的酬勞是超過26萬美元(約202萬港元)一場。

兩個月袋1億
今年夏天短短兩個月內,Psy只用一首歌,保守估計已有純利150億韓圜(約1.05億港元),尤其《江南Style》是他親自作曲作詞,單是版權費都有排收。

Psy的所屬公司YG Entertainment的分紅為7:3,Psy是七成,公司抽三成,其他藝人多數為4(YG):6(藝人),算是對藝人不薄,難怪BIGBANG隊長G—Dragon跟老闆楊賢碩都在首爾江南區同一大廈居住,但G—Dragon是自資物業,老闆則是租的。

韓國經理人公司抽佣制不同
11月底會與Psy同在港出席頒獎禮的Super Junior,其所屬的S.M. Entertainment,最近被指在韓國3大經理人公司中出手最低,在韓國的唱片收入分配為9(S.M.):1(藝人),就算為宣傳唱片等出席節目都完全沒有酬勞;拍廣告及固定演出劇集、節目等則為4(S.M.):6(藝人);海外演出及唱片收入則為3(S.M.):7(藝人),難怪前H.O.T及東方神起成員等都曾投訴酬勞分配嚴重不均,更指合約為「奴隸合約」。而擁有2PM及2AM、missA等的JYP則平分,5比5。

Market Pullback Reaches Bottom

Equity stock market continues to decline from previous week. However it appears that selling is contained amongst traders whether professional or amateur. There is no symptom that institutional and individual investors are dumping shares for cash as in the panic selling during the US debt rating downgrade in last year. Market manipulators so far have not successfully created panic selling to move market in one direction to make profit. Nevertheless, smart traders if riding on market waves correctly can benefit from the trading range.

Market participants are very cautious. However since there is plenty of liquidity in the market, investors are reluctant to sell the remaining stocks in the portfolio which is already rich in cash. Therefore despite the week's loss in broad market, investors are not following the herd to sell stocks.

While market is consolidating, market participants are watching closely for further development. Long term investors attitude is critical to market movement since they may be the major sellers if confidence is weakened and decide to take profit. If market can hold on for longer time, speculators may begin to accumulate stocks on hope of improving economic condition and buying interest from surplus capital.



After QE3, Can Fed Excite Markets This Week?
Just because last month's Federal Reserve meeting came with some punch with the announcement of aggressive stimulus measures to boost the U.S. economy, does not mean this month's meeting is any less important, Fed watchers say.

"There's positive data, but the reality of the matter is - data has been very volatile. I think the Fed knows it's not a firm recovery and that doesn't provide the Fed with a lot of comfort," he said. "They will likely say they will continue with the easy monetary policy and monitor developments."

The December meeting will also follow the November 6 presidential election and that may pave the way for more clarity on how the U.S. Congress plans to deal with the 'fiscal cliff' of tax hikes and spending cuts that are due to kick in in January.

The U.S. Congressional Budget Office and the IMF have said that if the fiscal tightening that is due to take place goes ahead without action from Congress, the U.S. economy will probably fall into recession. Economists peg the damage from the impending fiscal tightening as high as $720 billion, which will wipe off 4.6 percent from gross domestic product (GDP), effectively pushing the U.S into recession.

"The December (Fed) meeting may be more interesting, given the fiscal cliff," AMP's Oliver.

On Wall Street, Selling Fear Is Good Business
Years of financial tumult have given brokers a new and resonant sales message: "Be afraid." Whether it's good investment advice is almost beside the point — the financial-services industry has determined that fear sells:

There's nothing mysterious about how things arrived at this point. By their words and actions, individuals have shown an abiding disdain for the stock market.

Easily the most successful new class of tradable instruments in recent years has been exchange-listed notes tied to the options market's S&P 500 Volatility Index, or VIX. Such products have attracted billions in assets from investors seeking a way to profit from violent, dangerous market action despite a generally steady decline in actual market volatility since the 2008-'09 crescendo of the financial crisis.

For a broker, addressing investors who are scared and perfectly willing to let the market go up without them is a pretty nice business proposition, especially when inherently unknowable political shifts, monetary policy and macroeconomic shocks can be cited in support of continued caution.

It's easy to sell sobriety to people who have already sworn off the hard stuff -- especially when the potential customers aren't even aware the market has been rising without them aboard.

In a fascinating pattern revealed in annual surveys by mutual-fund giant Franklin Templeton Investments, two-thirds of individual investors in 2010 answered that the stock market had fallen the prior year, when in fact it was up more than 25% in 2009. In both 2011 and 2012, half or more of respondents similarly claimed stocks were down the year before, when indeed the indexes had finished higher.

With the perceived riskiness of stocks embedded securely in the public mind, perhaps the stealth danger is that investors unintentionally assume more risk than they mean to, through something that seems to offer safety. For instance, bonds and dividend-paying stocks are widely being used as "cash substitutes," a role they are not nearly qualified to fill.

High-yield bonds are quite popular even as equities are disdained, yet both would be hurt by a U.S. recession. Slow economic growth is correctly touted as a healthy environment for high-grade corporate bonds. But current rock-bottom yield levels offer little buffer for even the passing shadow of an inflationary threat.

Indeed, stocks are popularly considered dangerous at current levels, yet they don't appear particularly misvalued relative to the rest of the asset-class chain, stretching from Treasuries to corporate debt to real estate investment trusts and beyond. All are being floated by central banks' money creation and their efforts, not yet entirely successful, to penalize risk aversion.

Saturday, October 27, 2012

2012年10月25日 <民間電台>政府總部現場廣播節目

欲罷不能
video

打橫嚟講(長毛,死人的士佬)
video

人力監察院現場版
video

2012年10月24日 <民間電台>政府總部現場廣播節目

陳景輝vs.金鷹
video

打橫嚟講 (長毛,死人的士佬)
video

學生向前走(余煒彬,KEITH)
video

Thursday, October 25, 2012

Wednesday, October 24, 2012

2012年10月20日 十級自由Phone (DBC 數碼大聲台) 吳志森、鄺穎萱

節目主持: 吳志森、鄺穎萱,節目版權為「香港數碼廣播公司」所有。

video

Monday, October 22, 2012

2012年10月20日 龍鳳大茶樓 (DBC 數碼大聲台) 潘啟迪、鄺穎萱、游清源

節目主持: 潘啟迪、鄺穎萱、游清源,節目版權為「香港數碼廣播公司」所有。

video

video

Sunday, October 21, 2012

2012年10月20日 事有QK (DBC 數碼大聲台) 黎則奮、陳海琪

節目主持: 黎則奮、陳海琪,節目版權為「香港數碼廣播公司」所有。

video

video

Saturday, October 20, 2012

dbc黃楚標李國寶絕密錄音震撼流出 (YouTube)

香港數碼廣播員工, 第二日喺政府總部集會。籌辦活動的「爭取DBC復播活動行動委員會」,在傍晚播放一條錄音聲帶,強調黃楚標一方的股東,不注資予電台,亦不將股份賣俾台長鄭經翰和行政總裁何國輝,是受中聯辦指示。

播出的聲帶是鄭經翰、黃楚標及李國章等的對話,在第一段錄音中,黃楚標一方的股東,指中聯辦不喜歡李慧玲的言論為由,拒絕僱請她擔任主持。鄭經翰堅持電台不能夠持政治立場,並不能夠做官方喉舌。又堅持電台要有編輯自主,但會確保主持根據事實來批評政府,有甚麼是非都由他承擔。

第二段錄音是黃楚標向鄭經翰表示,相信鄭知道他為甚麼不注資。就算鄭經翰找到買家,亦要得到黃楚標一方股東的同意才能購買。

委員會召集人林旭華強調,知道播放片段會引發很多問題。但有很多傳媒人接觸過片段,都無提及事件,所以堅持要播出,他會承擔一切責任。他又相信,商務及經濟發展局局長蘇錦樑,聽過有關聲帶,但不予理會。而鄭經翰在同一晚,收到由代表黃楚標一方的律師發出禁制令,禁止他發言,所以確信事件是政治打壓。

DBC「義播雲天七日情」最新節目表


Friday, October 19, 2012

大班擬借錢購「數碼」股份 (原載《星島日報》)


【星島日報報道】數碼廣播電台(DBC)員工昨天起在政府總部集會,爭取公司復播,吸引逾千名市民撐場。數碼廣播創辦人兼台長鄭經翰表示,會爭取到最後一分鐘,或不惜借錢,想辦法購回股份。集會將持續至周日。

政總集會 千人撐場
DBC員工昨在政府總部外搭建講台集會,吸引超過一千名市民到場,包括逾百長者,警方封閉對開添美道。數碼廣播創辦人兼台長鄭經翰在現場強調,不會出售自己的股份,會與DBC爭取到最後一分鐘,即使要向人借錢,亦會想辦法購回股份,若不成功,才會關閉DBC。至於回購股份的詳情,他指屬於禁制令範圍,不便透露。

「爭取DBC復播運動行動委員會」召集人林旭華表示,希望政府介入事件及展開調查,責成股東履行承諾和董事會決議,恢復電台正常運作,不應坐視不理。至於公開籌款給鄭經翰的訴訟基金,至今籌得約二百七十萬元。

「生日願望是身體健康,可以繼續聽DBC!」家住青衣的婆婆,昨於政府總部度過六十六歲生辰,其兒子及孫即席送上玫瑰花。八十歲的李婆婆從馬鞍山遠道而來,得知電台即將停播忍不住哭泣,其女兒上周在商務及經濟發展局局長蘇錦樑網上專頁留言卻未獲回覆,認為DBC是很多長者精神食糧,政府應介入事件。

場內亦有大批學生,十六歲的劉宛昌指停播事件反映言論自由被扼殺。

立法會資訊科技及廣播事務委員會在主席黃毓民同意下,將於本月二十六日召開特別會議,討論數碼廣播停播事宜。
記者 羅嘉凝

Market Correction On Earnings Miss

Equity stock market suffers pullback in the recent rally. Earning miss in some of the index component companies reported in this week drags down the market. Traders move quickly on earnings announcement. At the end of the week, profit taking from market participants takes down broad market back to the level before earning announcement.

Although market declines on earning miss, market participants do not run into panic selling. Selling mostly comes from day traders who are making quick profit on swift market movement. Market manipulators remain cautious to participate in the selling. Therefore this market pullback may be opportunity for risk takers. Selling may not last long as there are few sellers dumping shares for cash and few speculators short selling stocks.

Long term investors confidence has not been shaken by the market glitch. With plenty of cash on hand, institutional and individual investors do not participate in the selling but are waiting patiently on the sideline. Since institutional investors are trying to catch up in investment return, the pullback appeals to some aggressive investors. But market participants confidence in the market is still weak. The pullback may extend longer until it becomes attractive to buyers. The amount of surplus capital circulating in the financial system is tremendous. Once the bottom is reached, the rebound would cause market participants to buy in a herd. Market participants should wait with patience for the buying signal.



Stocks Are Down But Not Out Says Simon Baker
After ripping 14% higher from June until the first week of October, stocks ran headfirst into a wall of worry seemingly too large to climb. Europe, China, the fiscal cliff, etc aren't new concerns but that doesn't mean they aren't real. Investors suddenly care and are behaving accordingly, selling some of their more aggressive names and rotating into defensives.

"It's a good time if you've got some cash on the sidelines to be selectively getting in," says Simon Baker, CEO of Baker Ave Advisors, about the dark mood on Wall Street.

"In this type of market I don't want to be too contrarian," he says. It's a market for the nimble and the bold. He's not getting paid to wait; he's making money getting long ahead of the masses. Right now the environment is one of building fear; Baker wants the other side of the trade before traders reach back to the old familiar tech winners.

One last catch. Baker isn't betting on hunches ahead of earnings. He's staying nimble but not rushing. Wait for earnings, listen to the executives, then take your shot. As America gets more fearful into the election and the New Year, making money will require just a dash of prudent bravery.

High-Speed Trading No Longer Hurtling Forward
High-frequency trading firms — the lightning-quick, computerized companies that have risen in the last decade to dominate the nation’s stock market — are now struggling to hold onto their gains.

It is a swift reversal for trading firms that have often looked to other investors like profit machines, thanks to high-powered software and superfast data connections that can take advantage of small changes in the price of a stock.

High-speed trading is far from disappearing from the market, but the struggles facing these firms have been greeted with enthusiasm by some traditional traders and investors who have viewed the firms as formidable adversaries, or worse, market manipulators that create sudden spikes and drops in share prices. Peter Costa, a longtime trader on the floor of the New York Stock Exchange, said the fading presence of the firms could “restore some order to stock markets.”

The challenges facing speed-focused firms are many, the biggest being the drop in trading volume on stock markets around the world in each of the last four years. This has made it harder to make profits for traders who quickly buy and sell shares offered by slower investors. In addition, traditional investors like mutual funds have adopted the high-speed industry’s automated strategies and moved some of their business away from the exchanges that are popular with high-speed traders. Meanwhile, the technological costs of shaving further milliseconds off trade times has become a bigger drain on many companies.

The diminishing presence of these traders in the markets has not hurt the overall performance of stock prices. Leading indexes have been on a steady climb for the last few years. For high-speed traders, rising prices are actually a part of the problem: climbing stock markets tend to be calmer stock markets, providing fewer trading opportunities for high-speed firms.

Earnings Look Better, but Market May Not CareEarnings Look Better, but Market May Not Care
Earnings season may not be as weak as analysts had initially projected, but the bad news is that may not be good enough to cheer investors.

In the big picture, the market both may be unimpressed with the future earnings outlook and unconvinced of the initial numbers to get much optimism from early beats.

"Even if we are wrong about a turn in the earnings cycle and the profit share continues to rise, the stock market may still fall if investors become averse to risk," Higgins said. He compares the current economic recession to the climate following the second leg of the Great Depression in 1937-38 when the winds of World War II "trumped an improvement in profits at home."

"Company outlooks for the coming year will be of utmost interest, and we believe that estimates for the fourth quarter and 2013 should come down, which could cause volatility in the near term," strategists at Charles Schwab said in a report Monday.

"We believe that the earnings estimate revisions will have a significant impact on financial stocks for the remainder of the year," Cannon said. "Overall, stock prices have fared better than estimate revisions but have had a close directional impact."

Full Speed Ahead: Stocks May Top 2012 Highs
Technicians see an uptrend in place that could easily take stocks back to their 2012 highs.

Stocks in the past two days have been lifted by better-than-expected U.S. economic reports and earnings news, after last week's sell off.

The rally has confounded some analysts, who expected a bigger correction. "It has been a market with continued question marks, but we'll take the rally. We'll take the rally defensively," said Louise Yamada, managing director with Louise Yamada Technical Research Advisors.

"You read about traders that aren't trading. So who's making the volume? Is it the plunge protection team? The government's manipulating it? We don't have any answers to that," said Yamada. "We do have enough confirmation to think it could continue and we watch. You don't have as many stocks above the 200-day moving average as you did two weeks ago, but that doesn't mean it doesn't' improve. We could go higher."
Maxim Group technical analyst Paul LaRosa said he's cautiously optimistic the market will go higher, but he's also a little perplexed.

"It doesn't make any sense, but sometimes the market doesn't make sense and you have to listen to what the market's telling you and position yourself that way. If you did you would have been accumulating stocks all summer, and you'd be in good shape now. The questions is what do you do now," he said.

Risk Is Back: Fund Managers Bullish on Stocks
While bonds have been the asset class of choice this year, equities are quickly gaining favor among global asset managers as central banks pump liquidity into the financial system and investors grow less fearful of the euro zone debt crisis.
Roman Scott, chairman of investment management firm Calamander Group, said the investment case for equities is getting stronger given the liquidity boost provided by policymakers in the West.

"This very blunt tool of monetary policy to effectively keep money very cheap, in fact almost free, is designed to force all of us into risk assets. (Federal Reserve Chairman Ben) Bernanke wants everybody to buy equities and risk assets; the European Central Bank wants the same thing. I do think there's a good case that the risk-on position is looking more attractive," Scott told CNBC.

Roman Scott, chairman of investment management firm Calamander Group, said the investment case for equities is getting stronger given the liquidity boost provided by policymakers in the West.

"This very blunt tool of monetary policy to effectively keep money very cheap, in fact almost free, is designed to force all of us into risk assets. (Federal Reserve Chairman Ben) Bernanke wants everybody to buy equities and risk assets; the European Central Bank wants the same thing. I do think there's a good case that the risk-on position is looking more attractive," Scott told CNBC.

Meantime, optimism around U.S. equities fell for the fourth straight month, with just 10 percent of investment managers overweight the country's stocks, compared to 13 percent in September.

While U.S stocks have outperformed this year, with the Dow Jones Industrial Average hitting a near five-year high earlier this month, experts say future gains could be limited due to investor nervousness about upcoming third-quarter corporate earnings and profit-taking.

2012年10月19日 十級自由Phone (DBC 數碼大聲台) 吳志森、鄺穎萱

節目主持: 吳志森、鄺穎萱,節目版權為「香港數碼廣播公司」所有。

video

video

2012年10月19日 政治經濟學 (DBC 數碼大聲台) 黎則奮、小米

節目主持: 黎則奮、小米,節目版權為「香港數碼廣播公司」所有。

video

2012年10月19日 事有QK (DBC 數碼大聲台) 黎則奮、陳海琪

節目主持: 黎則奮、陳海琪,節目版權為「香港數碼廣播公司」所有。

video

video

2012年10月18日 十級自由Phone (DBC 數碼大聲台) 吳志森、鄺穎萱

節目主持: 吳志森、鄺穎萱,節目版權為「香港數碼廣播公司」所有。

video

video