Small Business Saturday: the anti-Black Friday

Don’t want to brave the Black Friday craziness? You can get a head start on your holiday shopping, snag some deals and support local merchants by participating in Small Business Saturday.

Nestled between Black Friday and Cyber Monday, Small Business Saturday is focused on promoting small business owners nationwide. Since it was started in 2010 by American Express, the promotional effort has grown into a national movement involving thousands of businesses, chambers of commerce and economic development organizations. According to American Express, last year more than 100 million people nationwide participated.

“The one thing businesses have told us over and over again is that they need more customers. So we thought it would be great to create a day in the holiday weekend that focuses just on the small business and shopping locally in communities around the country,” said Mary Ann Fitzmaurice Reilly, senior vice president at American Express Open.. “That’s how Small Business Saturday got its start.”

Organizations such as the Miami Beach Chamber of Commerce and Coral Gables Chamber have turned Small Business Saturday into a communitywide event.

“We decided to participate because in Coral Gables we support our small businesses,” said Mark Trowbridge, president and CEO of the chamber that is participating for the second year. “Coral Gables is an economic engine and our small businesses help to drive that engine.”

American Express cardholders who sign up at shopsmall.com will get a $25 credit on their bill if they make a purchase from a participating business on Small Business Saturday. Participating businesses get free marketing support from American Express via a toolkit on its website.

On Saturday, the Coral Gables Chamber, along with American Express, the Village of Merrick Park and Books & Books will host a day of activities, including a $100 Startup Competition, inspired by the best-selling book by Chris Guillebeau. Entrepreneurs are encouraged to bring their most innovative ideas for a business that can be launched with just $100 (register at http://100dollarstartup.co). Finalists will pitch their startup ideas to the public at the 4 p.m. event, held at Books & Books in Coral Gables; a panel of judges will select the winners.

More than 30 Coral Gables merchants will take part in the day; many will feature discounts. At Klara Chavarria Contemporary Art, for instance, patrons can take advantage of free delivery and installation of any artwork purchased Saturday.

The free toolkit has proven an invaluable resource to business people like Michael Nucci, the marketing associate for Fort Lauderdale-based Bluewater Books and Charts, which sells nautical books to recreational cruisers. “We decided to participate last year and again this year because we thought it would give us an advantage on the sale season,” said Nucci, who will be offering a 15 percent discount on most items he sells on Small Business Saturday. “We got started and used the toolkit to get free posters made and to send out e-mail and social media promotions to attract customers. It’s a great thing for small businesses in this economy.”

In Kendall, the Recycled Closet, a consignment shop for teens, is offering 20 percent off its already discounted clothing. “I’m so glad to see American Express and communities around the nation working to help by dedicating a day to the small business owner,” said owner Jennifer Kaloti.

In Miami Beach, small businesses are embracing Small Business Saturday, said Ana Cecilia Velasco, executive vice president and chief operating officer of the Miami Beach Chamber of Commerce. “As we are a tourist destination and get heavy traffic specifically for shopping during this time, it is a natural for us to highlight the event. Small Business Saturday makes sense to us as well because Miami Beach is known for its boutique shops.”

To survive the craziness of the season, consumers may want to treat themselves, too. At Pure Therapy, in the W Hotel on South Beach, customers get a $25 gift card with purchases of $100 or more and items from local designers will be 10 percent off on Saturday. In Bal Harbour, Gee Beauty, one of the only independently owned small businesses in the Bal Harbour Shops, will treat customers to a complimentary Gee Beauty Brow shaping with a purchase of $100 or more.

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Former foster children give thanks for Casa Valentina

Every holiday season for the last six years, Lynn Hausmann hosts a Thanksgiving gathering for Casa Valentina, the residential and life skills program for youth aging out of foster care.

It’s what you do, she says, for the people you love.

“It’s simple — we are family,” says Hausmann, a member of the organization’s board of directors. “This is about opening your heart and home.”

So on Tuesday, more than two dozen current and former Casa residents and staff gathered around a U-shaped table by the pool of Hausmann’s Coconut Grove condo for the annual celebration.

They started the meal by giving thanks.

For health. And knowledge. And life. And, for Casa Valentina, the program designed to help youth transition from foster care to independence starting at age 18 by providing affordable housing and support and teaching meaningful everyday lessons such as how to balance a checkbook or navigate college admissions, even basic parenting skills.

“Casa Valentina took a chance on me,” says Cliff Innocent, 21, who joined the program last year. Now a student at Lindsey Hopkins Technical Education Center, Innocent is studying to become a chef. “I always knew I wanted to go to school, but it is Casa that has encouraged me to stay in school and do my best in school.”

The program started in 2006 as a way to help young women leaving Miami-Dade County’s foster care system, so many of them woefully unprepared for the next chapter. The program helped them earn high school diplomas and GEDS, enroll in college and find employment. About 60 young women have participated.

Last year, the organization partnered with other social agencies to create two more tracks for young men and mothers with young children.

This year, there are 22 residents, including 11 young women, seven young men and four mothers.

Participants receive a fully-furnished apartment near public transportation, case management, academic and career counseling and help with accessing healthcare. The program is financed through funding from The Children’s Trust, The Miami Foundation and private donations.

Participants must be in school, which qualifies them for the Florida’s Road to Independence Scholarships, a $1,000 monthly stipend open to former foster children who are passing their classes. The money is used for rent and other expenses.

The celebration started out as a potluck with the staff and some of the clients bringing a dish. It was held on the balcony of Hausmann’s fourth-floor condo. Last year, with the addition of the young men and mothers, they outgrew the space. This year, they moved it poolside.

“I got very involved with the young ladies, checking on them, helping them move into their places, helping them with school, taking them to Big Lots,” Hausmann said. “And then the holiday season came around and I started thinking, where would they go? Some of them don’t have family.”

During this year’s dinner, the residents were also introduced to the new executive director, Deborah Korge, who begins next month.

Katlin Brown joined the program two years ago with dreams of becoming a chef. Now, she is a student at Miami-Dade College graduating in May with a degree in culinary arts. She has plans to eventually open a soul food restaurant, “with an international twist.” She thanks Casa Valentina for much of her success.

“They helped me with so many things that I would not have been able to do myself,” says Brown, 21, who lives in a studio apartment in the Roads section of Miami. “They helped me with school and tutoring. They helped me get my driver’s license. They were a shoulder to cry on too. They taught me how to be a grown-up.”

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Republic Wireless Now Offering $19/Month Unlimited Smartphone Service to All

Prepaid wireless carrier Republic Wireless has been offering its $ 19 per month, unlimited everything, prepaid smartphone plan since about this time last year. At the time, though, there were a few catches; you had to buy a very low-end smartphone from them, you had to use its Hybrid Calling technology for most of your calls, and you could only get in if you were lucky enough to be accepted to an exclusive “beta wave.”

Since then, Republic Wireless has upgraded to the slightly more modern Motorola Defy XT as its flagship smartphone model, and has changed to allow unlimited calling, texting, and data over Sprint’s nationwide network, for the same $ 19/month price. Now the North Carolina-based startup is dropping its last restriction; the doors are open for anyone to preorder up to four Defy XT phones, “and they’ll begin shipping in mid-December.”

​The phone

The Motorola Defy XT is designed to be dustproof and waterproof, with rubber bumpers covering each port and an unlocking switch keeping the back cover sealed. Its specs are decidedly last year’s; powered by a 1 GHz, single-core processor, it often shows Kindle Fire-style lag when swiping between home screens on its 3.7 inch display. It runs 2010′s Android 2.3 Gingerbread, with no OS upgrades announced, and it doesn’t have much room to store games and apps, although it comes with a 2 GB microSD card.

​The service

Republic Wireless’ low monthly fee is partly made possible by its Hybrid Calling technology, which is basically an app that loads on startup and lets you make calls and send texts over Wi-Fi. Call quality is generally good, although it depends on how good your Wi-Fi connection is and how many people are streaming video over it while you’re trying to make your call. You can switch off Hybrid Calling by disabling Wi-Fi, if you want to make calls over Sprint’s network instead; this happens automatically if your Wi-Fi signal drops, which has the effect of hanging up your call.

​The support

“Here at Republic,” its Support page explains, “we believe in helping each other out as much as possible.” What this translates to is that there’s no number to call for questions or tech support. Instead, customers are directed to a community wiki and forums, for answers to their issues. If all else fails, you can contact Republic using an online form, and receive a response within 24 hours.

​The price

It costs close to $ 300 to begin using Republic Wireless’ service; $ 249 for the phone, a $ 10 startup fee, and $ 19 for your first monthly fee, before any applicable taxes. That $ 19 is charged once your phone ships, and if Republic’s difficulty keeping up with orders for its first beta waves is any indication, just because the phones “begin shipping in mid-December” doesn’t necessarily mean that that’s when you’ll get yours.

Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.
Linux/Open Source News Headlines – Yahoo! News

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Lindsay Lohan Explains Why She Cancelled on Barbara Walters

Lindsay Lohan is opening up about the now-infamous cancellation of her pre-arranged sit down with Barbara Walters.

The actress stopped by for an interview with Tonight Show host Jay Leno on Tuesday, who pressed Lohan on the drama surrounding herself and the veteran news woman.

Related: Walters on Lohan: 'She Has A Lot of Problems'

"It's all good. I spoke to all the people that she works with," she said, assuring that although she didn't speak with Walters herself, there was no ill will between the two. "The timing wasn't right right now."

Tonight's interview with Leno was a sore spot for Walters, who expressed her "disappointment" at being cancelled on during an airing of The View earlier this month.

"I think to go on Jay Leno and be adorable and amusing, there's still all the problems," Walters said. "It would have been a wonderful interview. She could have set a lot of things straight. I think [my interview] could have helped her."

Related: Lindsay Lohan Went Method For Liz Taylor Role

Everything aside, Lohan insisted that "when it's right" Walters will be the first person she sits down with for an in-depth interview.

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Best Buy shares drop 13% as company swings to a third-quarter loss

The discount on Best Buy’s stock keeps getting deeper.

Shares of the struggling electronics chain tumbled 13 percent yesterday, hitting their lowest levels in a decade as the retailer swung to a loss on a steeper-than-expected sales decline.

The stock drop, which left Best Buy shares down 49 percent on the year at $11.96, likely cut the price for a leveraged buyout by founder Richard Schulze, according to sources.

As reported by The Post, Best Buy’s board lately has adopted a friendlier tone toward Schulze, who in August offered to buy the company for $24 to $26 a share, or more than $8 billion.

BETTER DAYS: On this Black Friday a few years ago in Staten Island, it was all systems go for the once red-hot national electronics chain.

With Best Buy’s sales and margins dropping, sources said CEO Hubert Joly last week signaled that the company would be open to going private for $20 a share, valuing it at $6.7 billion.

After yesterday’s dismal news, however, some investors speculated that a deal could get done at an even lower price.

Likewise, speculation is rising that a revised offer from Schulze might come this month, well before an extended due diligence period is set to expire in mid- to late December.

“The bad news they were waiting for has come,” said one Best Buy investor, referring to yesterday’s dismal earnings report and stock decline.

A spokesman for Schulze didn’t respond to a request for comment.

Schulze is seeking support for his bid from private-equity firms including Cerberus Capital Management, TPG and Leonard Green Partners, with the latter two seen likely to bid together, sources said.

Despite reports that Schulze is struggling to find backers, a bigger problem may be structuring a deal in which he retains control of the company, said one source.

Best Buy swung to a fiscal third-quarter loss of $13 million as sales tumbled 3.6 percent to $10.75 billion, hit by cutthroat competition with Amazon and sluggish demand for TVs, laptops and digital cameras.

On a call with analysts yesterday, Joly admitted it will be a “hard road” to turn around the retailer’s operations.

Weakening cash flow could also complicate a leveraged buyout. The company cut its forecast for annual cash flow to at least $850 million, down sharply from its August forecast for at least $1.25 billion.

Last week, Joly outlined a plan that includes matching prices at Amazon and other rivals to curb “showrooming,” in which shoppers check out products at Best Buy before purchasing them at lower prices online.

jcovert@nypost.com

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Hottest tech products of fall 2012

Every year we roll out our fall list of the products getting the most attention from readers, and every year it ends up being a list dominated by phones. But not this year. No, this time you guys are spicing things up with a surprising mix of products. Here’s what’s getting your attention right now.

Sony Vaio Tap 20

Rating: 3.5 stars out of 5 (Very good)

The good: By slapping a battery inside a 20-inch touch-screen all-in-one, the company has given birth to a new PC category with great potential in tech-savvy homes.

The bad: The touch screen has some frustrating drag, and Sony made a few missteps among some otherwise reasonable sacrifices for portability and price.

The cost: $999.99

The bottom line: A compelling experiment in tablet-desktop hybridization, the Sony Vaio Tap 20 is a great fit for home tech enthusiasts willing to try something new.

Toshiba Portege Z935-P300

Rating: 3.5 stars out of 5 (Very good)

The good: This Toshiba product has very good features, performance and battery life for its price and is very thin and very light.

The bad: The keyboard may be too small for some users and the laptop doesn’t feel particularly sturdy, especially the lid and display.

The cost: $779.99 to $876

The bottom line: The Toshiba Portege Z935-P300 is an excellent ultrabook value if you can overlook its few design shortcomings.

Apple iPad Mini

Rating: 4 stars out of 5 (Excellent)

The good: The ultrathin and light design makes it seem far more intimate and booklike than the larger iPad, and its cameras, storage capacities, optional LTE antenna and general functionality offer a full iPad experience. The screen’s dimensions elegantly display larger-format magazines and apps.

The bad: It costs too much, especially considering the lower resolution of its 7.9-inch display, which isn’t a Retina Display. The A5 processor isn’t as robust as the one in the fourth-gen iPad and iPhone 5. Typing on the smaller screen is not quite as comfy.

The cost: $329.99 to $549.99

The bottom line: If you want the full, polished Apple tablet experience in a smaller package, the iPad Mini is worth the premium price. Otherwise, good alternatives are available for less money.

Apple iPhone 5

Rating: 4 stars out of 5 (Excellent)

The good: The iPhone 5 adds everything we wanted in the iPhone 4S: 4G LTE, a longer, larger screen, free turn-by-turn navigation, and a faster A6 processor. Plus, its top-to-bottom redesign is sharp, slim, and featherlight.

The bad: Apple Maps feels unfinished and buggy; Sprint and Verizon models can’t use voice and data simultaneously; the smaller connector renders current accessories unusable without an adapter; there’s no NFC; and the screen size pales in comparison with jumbo Android models.

The cost: $199.99

The bottom line: The iPhone 5 completely rebuilds the iPhone on a framework of new features and design, addressing its major previous shortcomings. It’s absolutely the best iPhone to date, and it easily secures its place in the top tier of the smartphone universe.

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In humbler times for state House Republicans, Will Weatherford sets a more moderate tone

TALLAHASSEE --
Few state institutions bear a more distinct imprint of recent Republican hegemony than the Florida House of Representatives.

It launched the political career of U.S. Sen. Marco Rubio, who served as its speaker four years ago. Its members have passed some of the most conservative bills in the nation. And since 2006, it has nurtured the career of Will Weatherford of Wesley Chapel.

On Tuesday, Weatherford will be sworn in as, at 33, the youngest speaker of the House in recent Florida history and the first speaker from the Tampa Bay area since 2004. He’ll preside over a chamber where Republicans have an overwhelming 76-44 majority. The son-in-law of former House Speaker Allan Bense, Weatherford looks like the latest model in a long, unbroken line of GOP speakers.

But these are also somewhat humbling times for House Republicans. On Nov. 6, they lost five seats and their veto-proof majority, punctuated by the shocking defeat of the person who had been picked to succeed Weatherford as speaker in 2014, Chris Dorworth.

"There’s no question that the state moved more toward the center," said incoming Minority Leader Perry Thurston, D-Plantation. "This will change things, make it more bipartisan than it has been for quite a while."

The moment may be tailor-made for Weatherford, a block of a man and former defensive end at Jacksonville University who has developed a reputation for playing nice with both parties.

"If there’s one thing I’d like to achieve it is to be an inclusive reformer for the Florida House," Weatherford told reporters last week. "To make sure we’re working with our friends across the aisle, that we’re allowing for everyone’s voice to be heard and to participate, but at the same time, don’t let that stifle us from moving forward with real reforms and dealing with the challenges that Florida has before us."

Make no mistake: Weatherford, a businessman himself, will continue to push a conservative, pro-business agenda that could have been written by the Florida Chamber of Commerce.

He wants new state employees to enroll in 401(k)-style retirement plans rather than the current pension system, which provides guaranteed payments from the state. While it’s sure to alienate unions and spark a legal battle, Weatherford can’t say how much it would save the state. He says pensions are a "ticking time bomb" in state finances — despite no evidence of the sort.

He’ll push hard for a bigger commitment to online education and easing corporate taxes on small businesses. He toes the Republican Party line on the Affordable Care Act, is closely aligned with incoming Senate President Don Gaetz and publicly supports Gov. Rick Scott, albeit with measured language.

"His focus is on the right thing, which is getting unemployment down, making sure we have a fully funded education system," Weatherford said. "He’s talking about the right things."

But he disagrees with Scott on tuition. While Scott opposes tuition increases, Weatherford sides with universities, saying they are necessary to cover costs. "We have universities that if given more flexibility with tuition, they can go to great heights," he said.

His biggest break is one of style. His predecessor, Dean Cannon, ran the House with strict efficiency that bruised the feelings of marginalized Democrats while allowing Republicans to run roughshod with legislation that, during the tea party ascendency, opposed the Affordable Care Act, the federal economic stimulus and early voting. Since the spring, Weatherford has signaled he will run the House differently.

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Ryan Eggold: Next Taylor Swift Break-up Song?

Fresh off an appearance at Sunday night's American Music Awards, Ryan Eggold had one girl on his mind, Taylor Swift.

Fierce & Fabulous: The 2012 AMA Red Carpet Fashion

"I'm just hoping to meet Taylor Swift," he confessed of his crush at the Rolling Stone After Party in Hollywood. The 90210 actor would do just about anything to sweep her off her feet. The 11-time AMA winner is synonymous with penning songs about all her exes and Ryan's not afraid of becoming her next target. Coming up with a game plan, he told ET he'd willing oblige. "Date her for like a month and then just drop her like a rock and then get a great song out of it," he schemes.

VIDEO: Jenny McCarthy Imagines Dating Justin Bieber

Artists often use their loves as muses for lyrical inspiration. American Idol's Paul McDonald says with his blushing wife Twilight's Nikki Reed standing beside him, "I get a lot of my inspiration from this lady over here and it's good when we write together. It brings out a whole different thing than I'm used to from touring with a band."

VIDEO: Nikki Reed Duets with Hubby for 'Twilight' Song

Chicago Fire actress Teri Reeves' husband didn't need to be a hunky firefighter to win her heart. He serenaded her with a personally-written song at their wedding. "My husband is a musician. He doesn't wear a uniform, but he wears a guitar, which is equally as sexy," she gushes.

Watch the video for more about the AMAs, Dancing with the Stars, and Once Upon a Time.

VIDEO: Kesha on Justin Bieber: 'I Would Hit That'

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FBI: 4 Calif. men charged in alleged terror plot, planned to join al-Qaeda

LOS ANGELES — Four Southern California men have been charged with plotting to kill Americans and destroy U.S. targets overseas by joining al-Qaeda and the Taliban in Afghanistan, federal officials said Monday.

The defendants, including a man who served in the U.S. Air Force, were arrested for plotting to bomb military bases and government facilities, and for planning to engage in "violent jihad," FBI spokeswoman Laura Eimiller said in a release.

A federal complaint unsealed Monday says 34-year-old Sohiel Omar Kabir of Pomona introduced two of the other men to the radical Islamist doctrine of Anwar al-Awlaki, a deceased al-Qaida leader. Kabir served in the Air Force from 2000 to 2001.

The other two — 23-year-old Ralph Deleon of Ontario and 21-year-old Miguel Alejandro Santana Vidriales of Upland — converted to Islam in 2010 and began engaging with Kabir and others online in discussions about jihad, including posting radical content to Facebook and expressing extremist views in comments.

They later recruited 21-year-old Arifeen David Gojali of Riverside.

Authorities allege that in Skype calls from Afghanistan, Kabir told the trio he would arrange their meetings with terrorists. Kabir added the would-be jihadists could sleep in mosques or the homes of fellow jihadists once they arrived in Afghanistan.

The trio made plans to depart in mid-November to carry out plots in Afghanistan, primarily, and Yemen, after they sold off belongings to scrape together enough cash to buy plane tickets and made passport arrangements.

In one online conversation, Santana told an FBI undercover agent that he wanted to commit jihad and expressed interest in a jihadist training camp in Jalalabad, Afghanistan.

The complaint also alleges the men went to a shooting range several times, including a Sept. 10 trip in which Deleon told a confidential FBI source that he wanted to be on the front lines overseas and use C-4, an explosive, in an attack. Santana agreed.

"I wanna do C-4s if I could put one of these trucks right here with my, with that. Just drive into, like, the baddest military base," Santana said, according to the complaint.

Santana added he wanted to use a large quantity of the explosive. "If I'm gonna do that, I'm gonna take out a whole base. Might as well make it, like, big, ya know," he said.

According to the complaint, at the shooting range that day both Santana and Deleon told a confidential FBI source they were excited about the rewards from becoming a shaheed, which is Arabic for martyr.

Ten days later, during another trip to the shooting range to fire assault-style rifles, Santana told the source he had been around gangs and had no problem taking a life.

On Sept. 30, Gojali was recruited to the plot after he was asked if he had it in him to kill in jihad. Gojali answered, "Yeah, of course."

"I watch videos on the Internet, and I see what they are doing to our brothers and sisters. ... It makes me cry, and it gets like I'm, like, so angered with them," Gojali said, according to the complaint.

The men wiped their Facebook pages of radical Islamist content and photos of themselves in traditional Muslim attire, and devised a cover story that they were going to Afghanistan to attend Kabir's wedding.

Federal authorities said the trio and the FBI's confidential source bought airplane tickets last week for a Sunday flight from Mexico City to Istanbul, with plans to later continue to Kabul.

After Kabir began talking to him about Islam, Santana said he "accepted Islam without knowing anything about it besides it being the truth" and that he believed the religion would help him "fit in and actually be able to fight for something that's right," according to the complaint.

If convicted, each defendant faces a maximum of 15 years in federal prison.

Kabir is being detained in Afghanistan. The other three appeared for a detention hearing Monday in Riverside, and all but Gojali were remanded to federal custody with no bail. His detention hearing was delayed.

After-hours calls left for the men's attorneys were not immediately returned Monday.

A preliminary hearing is slated for Dec. 3, and an arraignment is set for Dec. 5.

Kabir is a naturalized U.S. citizen who was born in Afghanistan. Santana was born in Mexico, while Deleon was born in the Philippines. Both are lawful, permanent U.S. residents. Gojali is a U.S. citizen.

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Growing middle class feeds spirits business in Latin America

Diageo executive Randy Millian is proud of the fact that eight out of every 12 times someone pours a standard or premium whiskey in the Latin American and Caribbean region, they’re drinking one of his company’s brands.

That kind of dominance is why the spirits giant is bullish on its future in Latin America, which recently has been the fastest growing region for Diageo worldwide. In 2012, the Latin America and Caribbean region represented 12 percent of Diageo’s net worldwide sales and 11 percent of the company’s operating profit. Diageo hopes Brazil will become one of its top three markets by 2017, behind the U.S. and the United Kingdom.

But getting there hasn’t been easy. During periods of economic and political unrest in the region over the last decade, there were times when it would have been more profitable for Diageo to pull back, said Millian, president of Diageo Latin America and the Caribbean. Yet, the company focused on growing its scotch business across the region and it paid off. Over the last eight years, Diageo has increased sales more than two and a half times and almost tripled its operating profit.

“I believed it would get good,” said Millian, who supervises more than 3,000 employees across the region and 119 in Miami. “But I’m not sure I realized it would get this good.”

Millian has been running the region out of Diageo’s Miami office for more than a decade. But he’s also no stranger to this part of the world. He first lived in Argentina as a child and during his career has done stints in Venezuela, Brazil, Mexico and Costa Rica.

The Miami Herald sat down with Millian during a media day, which was part of a Diageo investor conference in Miami spotlighting the success in the Latin American and Caribbean region. Here is some of what Millian had to say:

Q. Has your growth over the last decade been comparable to Diageo’s growth around the world?

We would definitely be in the top positions in the league within Diageo. That’s one of the reasons they’re focusing on us. Like many corporations, the emerging markets have a huge potential for growth. I’m including Asia-Pacific, Africa and Latin America. We are seeing higher growth rates than we are seeing in the developed world, especially Europe. Although the U.S. is starting to come back, the growth rates in the emerging markets are significantly higher.

Q. What is driving the growth Diageo is experiencing in Latin America?

The improved demographics. You now have over 50 percent of the population who is middle class. You have had an increase in spending. Not only are there more people in the middle class, but you have more people in the (upper) class. We expect over the next year to have 60 million more people in the (upper) class. They’re also learning to spend money in different ways.

Q. In what countries do you see the most growth or most opportunities for future growth? Is Brazil the main focus?

There has been broad growth in Brazil, Colombia, Mexico, Chile and Peru. We have seen it all over, but those would be the ones we’re focusing on. It’s not just Brazil, it’s throughout the region.

Q. Why did you remain committed to this region over years when there was not a lot of growth and there was a lot of political and economic unrest in some countries?

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