Monday, January 11, 2010

'Supernatural' exclusive: Sixth season or bust?


The apocalypse may have to wait. CW boss Dawn Ostroff saysSupernatural creator Eric Kripke is warming to the idea of a sixth season.

“I think he’s in that state of mind,” she says. “I had lunch with Eric the other day and he’s really excited about the show right now. I think he feels this season has been really satisfying for him. He’s certainly not running out of ideas by any stretch of the imagination.”

Ostroff, who says Kripke has been “hitting it out of the park” creatively this season, also points to Supernatural’s ratings success as proof the show has a lot of life left in it. “The ratings are up,” she says. “We have more young women coming to the show than ever before. There aren’t a lot of shows that you can say are doing better in their fifth year.”

'Caprica' the same, yet different than 'BSG'


There are no Cylons, butBattlestar Galactica fans will find plenty that’s familiar about Syfy’s forthcoming prequel, Caprica(premiering Jan. 22).

Caprica, like Battlestar Galactica, doesn’t treat the [sci-fi] genre like a toy department,” exec producer David Eick told reporters at Winter Press Tour. “We take it seriously.”

Translation: The drama, starring Eric Stoltz, Esai Morales, Polly Walker, and Paula Malcomson, will be brimming with BSG’s trademark moral complexity. “There are no stark good guys and bad guys,” said fellow e.p. Jane Espenson. “Everyone has moral shadings and we can tell very complex stories as a result.”

On the flipside, Eick stressed that non-BSG loyalists will not be lost if they tune into Caprica. “New viewers will find that there’s virtually no tether to BSG from a storytelling standpoint,” he maintained. “Legitimately, the show stands on its own… It’s not called Battlestar Galactica: Caprica [for a reason].”

Sunday, January 10, 2010

Joe Carnahan's A-Team trailer hits the web

Have you been itching with the nervous anticipation of a meth head over the release of the big screen remake of The A-Team? Here's a hit of naloxone.

The trailer for Joe Carnahan's big screen remake of the popular action series has found its way to the web. Warning: plans may or may not come together during the actual film.

'Housewives' Star Tamra Barney Accused of Infidelity



Ready for another 'Real Housewives' star who isn't actually a wife? 'Real Housewives of Orange County' star Tamra Barney's husband of 11 years has filed for divorce, accusing the blonde bombshell of verbal abuse and "acts of disloyalty and infidelity."

In court papers obtained by RadarOnline.com, Simon Barney is seeking to dissolve the marriage based on "irreconcilable differences." He also wants joint custody of their three children. The document was filed Wednesday.

According to Radar, Tamra moved out of the couple's home this week but was apparently shocked to learn of Simon's petition for divorce. They have reportedly been having marital problems for years, and things have only been getting worse since she joined the Bravo cast for season three.

"Simon has simply had enough," a source says. "The show changed her."

Their relationship woes have been show fodder throughout this season and during a recent episode Tamra teared up while talking to her mom about Simon. "I feel like I'm losing my mind right now. It's like I can't eat and I can't sleep ... I don't know what to do ... I don't think I'm the person he wants me to be."

To which her mom responded: "He wants a housewife and you're not just a housewife."

At that, Tamra essentially predicted this week's events: "If it was just me and him, I would leave. There's no question. We're seriously heading towards divorce."

Other 'Real Housewives of Orange County' stars who aren't really housewives are Gretchen Rossi and Jeana Keough, currently in the midst of a divorce.

'Our Little Genius' Becomes FOX's Big Debacle



In a shocking move, FOX has yanked the premiere of 'Our Little Genius,' a quiz show that was set to premiere next week after the premiere of 'American Idol,' because it was discovered some contestants were provided "information" ahead of time.

In a statement to the media, Mark Burnett, the show's creator and executive producer, said he asked the network to pull the episodes -- eight total -- because he is "not comfortable" with the end product.

Burnett said: "I recently discovered that there was an issue with how some information was relayed to contestants during the preproduction of 'Our Little Genius.' As a result, I am not comfortable delivering the episodes without reshooting them. I believe my series must always be beyond reproach, so I have requested that Fox not air these episodes."

It's believed "information" does not refer to actual answers being given to contestants of the show, which revolves around asking smart kids aged 6-12 brain-crunching questions with the chance to win thousands of dollars.

According to the Hollywood Reporter, Burnett's production company will pay for reshooting the series and has agreed to pay out all the winnings of contestants in the never-to-be aired episodes. It's unclear if the same contestants will be used.

FOX respects the decision and provided a show of confidence that it will be back when Burnett gets things in order.

"Even though we were incredibly pleased with the quality of 'Our Little Genius,' we respect and appreciate his due diligence and the decision to pull these episodes," the network said in a statement. "We agree there can be no question about the integrity of our shows."

Still, losing out on premiering after highly rated 'American Idol' must surely sting for Burnett. If so, he hasn't commented.

A new premiere date has not been scheduled. Instead of premiering a new show after the 'Idol,' Fox will instead air a repeat of the 450th episode of 'The Simpsons.'

Burnett has quite the track record for creating hit shows, including 'The Apprentice' and 'Survivor,' but he has had his bumps in the road, most notably with projects involving children. In 2004, he convinced CBS to pick up 'Recovery,' a six-episode reality documentary that starred former CIA and military officials searching for kidnapped children and their abductors.

Child Welfare groups were critical of the idea, including the National Center for Missing & Exploited Children and Child Quest International, which accused Burnett of trying to exploit already exploited children. "The idea for ['Recovery'] sickens me," Quest's Lindsey Brooks said at the time. It appears 'Recovery' never aired.

His current hit 'Are You Smarter Than a Fifth Grader?' weathered a very minor dust-up in 2007 with a classified ad posting for the show that asked for "attractive" kids to audition.

Interview Myths That Keep You From Landing the Job

With so few jobs currently available and so many people currently hoping to fill those jobs, standing out in an interview is of utmost importance. While jobs themselves are scarce, job advice is overly abundant. And with an influx of information comes an influx of confusion. What career counsel do you take, and what do you ignore?

There are a number of common misconceptions related to interview best practices, experts say. Kera Greene of the Career Counselors Consortium and executive coach Barbara Frankel offer tips below that can help you stand out from other interview subjects, avoid frequent pitfalls, and secure the job.

Myth #1: Be prepared with a list of questions to ask at the close of the interview.

There is some truth in this common piece of advice: You should always be prepared, and that usually includes developing questions related to the job. The myth here is that you must wait until it is "your turn" to speak.

By waiting until the interviewer asks you if you have any questions, "it becomes an interrogation instead of a conversation," says Greene.

Greene recommends that you think of an interview as a sales call. You are the product and you are selling yourself to the employer. "You can't be passive in a sales call or you aren't going to sell your product."

Frankel mimics Greene's comments. "It's a two-way street," she says. "I recommend asking a follow-up question at the tail end of your responses."

For example, Frankel says, if the interviewer says, "Tell me about yourself," you first respond to that question and complete your response with a question like, "Can you tell me more about the position?" The interview should be a dialogue.

Myth #2: Do not show weakness in an interview.

The reality is that it is OK to have flaws. In fact, almost every interviewer will ask you to name one. Typically job seekers are told to either avoid this question by providing a "good flaw." One such "good flaw" which is often recommends is: "I am too committed to my work." But, these kinds of responses will only hurt you.

"Every recruiter can see through that," Greene says of faux flaws.

Recruiters conduct interviews all day, every day. They've seen it all and can see through candidates who dodge questions. "They prefer to hire someone who is honest than someone who is obviously lying," Greene says.

And for those of you who claim to be flaw-free, think again. "Everybody has weaknesses," Frankel states. But one is enough. According to Frankel, supply your interviewer with one genuine flaw, explain how you are working to correct it, and then move on to a new question.

Myth #3: Be sure to point out all of your strengths and skills to the employer.

Of course, you want the interviewer to know why you are a valuable candidate, but a laundry list of your skills isn't going to win you any points. Inevitably, in an interview, you will be asked about your skills. What can go wrong in this scenario?

"You don't want to list a litany of strengths," Frankel says.

"What is typical is that they will say: 'I'm a good communicator,' 'I have excellent interpersonal skills,' 'I am responsible,'" Greene explains. "You have to give accomplishments. I need to know what did you accomplish when using these skills."

Frankel recommends doing a little groundwork before your interview so that you are best equipped to answer this question. She tells her clients to find out what the prospective job role consists of. "What makes an interview powerful is to give an example related to their particular needs or challenges that you have demonstrated in the past."

Provide three strengths, with examples. You will get much further with a handful of real strengths than with an unconvincing list of traits.

Myth #4: Let the employer know your salary expectations.

One of the trickiest questions to answer in an interview relates to salary. Money talk can be uncomfortable, but it doesn't have to be. The fact is you don't even have to answer when asked about desired salary.

According to the book "Acing the Interview: How to Ask and Answer the Questions That Will Get You The Job!" a perfect response would be: "I want to earn a salary that is commensurate with the contributions I can make. I am confident I can make a substantial contribution at your firm. What does your firm plan to pay for this position?"

Greene suggests a similar response: "I prefer to discuss the compensation package after you've decided that I'm the best candidate and we can sit down and negotiate the package."

Myth #5: The employer determines whether or not you get the job.

While yes, the employer must be the one to offer you the position, interviewees have more control than they often realize. According to both Greene and Frankel, candidates have a larger say in the final hiring decision than they think.

"They should call the interviewer or hiring manager and say: 'I'd really like to be part of the company,'" says Greene. "It can't hurt you. It can only help."

"Acing the Interview" encourages all candidates to conclude their interviews with one question: "'Based on our interview, do you have any concerns about my ability to do the job?' -- If the answer is yes, ask the interviewer to be explicit. Deal forthrightly with each concern."

For more interview tips and myths, download a free book summary of "Acing the Interview: How to Ask and Answer the Questions That Will Get You The Job!" here.


Saturday, January 9, 2010

Rising Apartment Vacancy Rates Could Threaten Regional Banks

Apartment vacancy rates soared to their highest level in 30 yearsin the fourth quarter of 2009. That means more apartment owners could have trouble paying their mortgages, which could lead to an even greater number of commercial defaults. U.S. bank examiners believe losses on commercial real estate loans posethe biggest risk to U.S. banks this year.

First, let's look at what's happening in the rental marketplace. The vacancy rate for 79 U.S. rental markets at the end of 2009 was 8%, the highest level New York research firm Reis has seen since it began tracking statistics in 1980. Rents fell by 3% as vacancies mounted, and landlords tried all kinds of incentives to get and keep tenants.

San Jose, Seattle and San Francisco were among the hardest-hit markets, while New York actually saw an improvement in its vacancy rate. But even in New York City, 60% of rental buildings dropped their rents in the fourth quarter to keep tenants. Effective rents in the city, which include the value of concessions such as one month free rent, dropped by 5.6%, their largest decline since Reis started monitoring that stat for New York in 1990. To an increasing degree, concessions such as shampooing carpets and painting accent walls are becoming a common part of lease negotiation.

Reis found that vacancies increased in 52 markets and decreased in just 17. Ten markets stayed flat. Tucson, Ariz., Charlotte, N.C., and Lexington, Ky., were the three hardest hit markets.

What's driving the vacancy rates? Several things:
  • As long-term unemployment continues, people are moving in with families and friends;
  • Younger workers are living with their parents while they look for jobs;
  • Older buildings face heavy competition from new construction, which includes both new rental apartments and condo units that did not sell and were converted to rentals. In fact, Reis found that 120,000 new units came onto the market in 2009, the largest number since 2003.
Reis expects the oversupply of new units won't start to be absorbed until 2011. That's because many commercial developers secured financing before credit markets seized up. And that brings us to the other half of the story -- the impact these loans will have on the banking system.

In Play: $3.5 Trillion in Commercial Real Estate Loans

Eugene Ludwig, who was comptroller of the currency under President Bill Clinton, toldBusinessWeek that hundreds of banks will fail or be resolved as this cycle winds down. Federal Reserve Governor Elizabeth Duke also raised a red flag on Monday, saying credit conditions in commercial real estate "are particularly strained." And in congressional testimony in October, Fed Governor Daniel Tarullo cited commercial real estate as one of the economy's "key trouble spots."

So how much money is involved? Banks and investors hold about $3.5 trillion in commercial real estate loans, including malls, office buildings and apartments, based on a June 2009 report from the Fed. About $1.7 trillion of that total is held by banks and thrifts. Regional banks are almost four times more concentrated on property loans than the nation's biggest banks, based on data compiled by Bloomberg. In 2009, 140 banks failed, and as of the latest FDIC quarterly report in November 2009, 552 banks were in trouble. Mortgage and commercial lending problems have fueled most of the bank failures so far.

As apartment vacancies mount, even more commercial loans will default, taking more banks down in their wake. Until unemployment turns around, there's little hope that this crisis will dissipate.