Chicago housing recovery lags other cities













Home sales flat nationall, up in Chicago


A sale is pending on this home in San Francisco. The National Association of Realtors reported a decline in sales in September.
(Justin Sullivan/Getty Images / October 19, 2012)





















































The Chicago area's housing recovery continues to lag behind other metropolitan areas, according to a widely watched monthly index of home prices released Tuesday.

The S&P/Case-Shiller home price index found that area home prices in September fell 0.6 percent from August and were down 1.5 percent on an annualized basis. Chicago and New York City were the cities among the 20 studied where pricing was worse than their year-ago comparisons.

September's reading was the first monthly decrease for the Chicago area's home price index after five months of gains. Despite the slip in the overall market, area condo prices continued to recover, rising .9 percent in September from August, marking the six consecutive month of improvement.

Historically, condo prices remain at their spring 2001 level while the overall market's pricing is similar to its fall 2001 levels.

All combined, the 20 cities included in the home price index in September recorded a monthly gain of 0.3 percent in September. Year-over-year, prices rose 3 percent. On a quarterly basis, the national composite rose 3.6 percent in the third quarter compared with 2011's third quarter.

mepodmolik@tribune.com | Twitter @mepodmolik




Read More..

Smith comes down hard on Allen hit









Chicago Bears coach Lovie Smith and defensive end Israel Idonije voiced disapproval Monday regarding the hit by Minnesota Vikings defensive end Jared Allen that injured Bears right guard Lance Louis.


In the third quarter of Sunday’s 28-10 win over the Vikings, Louis got blindsided by Allen after a Jay Cutler interception. Louis suffered a signficant left knee injury on the play and didn’t return.


Smith was asked if he thought the play was unnecessary.





"Yes," Smith said. "I did. Jared Allen plays the game a certain way, good player in our league. But I think there are some plays, when you look at them again, you say, 'Hey, we could have done without that.'


"I think our game could do without that play. We have an injured player right now based on it. I think you could have gotten him blocked a little bit differently. That’s about all I should probably say about it."


Allen defended himself after the game.


"I thought it was a legal hit,"’ he said. "He’s running to make a tackle, so I just went to block him. I never intentionally try to hurt anybody."


Idonije has been on the same side as Allen in the past in terms of taking out a player after an interception. Still, Idonije saw no need for such a vicious blow.


"I saw the play. It wasn’t necessary," Idonije said. "There have been a number of rules put in the game now that you can’t hit a defenseless player. Lance’s vision is clearly down the field. Allen hits him on his blindside.


"At that point of the game, you can have easily (gone) shoulder to shoulder. You could have laid him out with just using his hands to his chest, a lot of options.  … He hit (Louis) that way because he chose to hit him that way."


Smith did not provide any more details about the injuries suffered by Louis, guard Chris Spencer (knee), receiver/returner Devin Hester (concussion), running back Matt Forte (ankle), and cornerback Charles Tillman (ankle).


vxmcclure@tribune.com


Twitter @vxmcclure23





Read More..

Nokia unveils 2 new cellphone models, priced at $62












HELSINKI (Reuters) – Struggling Finnish cellphone maker Nokia unveiled on Monday two new cellphone models, the Asha 205 and the Asha 206, pricing both models at around $ 62, excluding subsidies and taxes.


Both models will go on sale this quarter.












Nokia unveiled a new Slam feature which allows consumers to share multimedia content like photos and videos with nearby friends almost instantly through Bluetooth connection.


(Reporting By Tarmo Virki)


Tech News Headlines – Yahoo! News


Read More..

Rolling Stones turn back clock with hit-filled comeback












LONDON (Reuters) – The Rolling Stones turned back the clock in style on Sunday with their first concert in five years, strutting and swaggering their way through hit after familiar hit to celebrate 50 years in business.


Before a packed crowd of 20,000 at London‘s O2 Arena, they banished doubts that age may have slowed down one of the world’s greatest rock and roll bands, as lead singer Mick Jagger launched into “I Wanna Be Your Man”.












More than two hours of high-octane, blues-infused rock later, and they were still going strong with an impressive encore comprising “You Can’t Always Get What You Want” and “Jumpin’ Jack Flash”.


In between there were guest appearances from American R&B singer-songwriter Mary J. Blige, who delivered a rousing duet with Jagger on “Gimme Shelter” and guitarist Jeff Beck who provided the power chords for “I’m Going Down”.


Former Rolling Stones Bill Wyman and Mick Taylor were also back in the fold, performing with the regular quartet of Jagger, Ronnie Wood and Keith Richards on guitar and Charlie Watts on drums for the first time in 20 years.


“It took us 50 years to get from Dartford to Greenwich!” said Jagger, referring to their roots just a few miles from the venue in southeast London. “But you know, we made it. What’s even more amazing is that you’re still coming to see us…we can’t thank you enough.”


The Sunday night gig was the first of two at the O2 Arena before the band crosses the Atlantic to play three dates in the United States.


The mini-tour is the culmination of a busy few months of events, rehearsals and recordings to mark 50 years since the rockers first took to the stage at the Marquee Club on London‘s Oxford Street in July, 1962.


There has been a photo album, two new songs, a music video, a documentary film, a blitz of media appearances and a handful of warm-up gigs in Paris.


“STYLE AND PANACHE”


The reunion nearly did not happen. One factor behind the long break since their record-breaking “A Bigger Bang” tour in 2007 has been Wood’s struggle with alcohol addiction, while Jagger and Richards also fell out over comments the guitarist made about the singer in a 2010 autobiography.


But they eventually buried the hatchet, and Richards joked in a recent interview: “We can’t get divorced – we’re doing it for the kids!”


Critics were fulsome in their praise of the first comeback gig.


Keith Richards has said that the beauty of rock and roll is that every night a different band might be the world’s greatest. Well, last night at the O2 Arena, it was the turn of the Rolling Stones themselves to lay claim to the title they invented,” wrote Neil McCormick of the Daily Telegraph.


“And they did it with some style and panache.”


The big question on every fan’s lips is whether the five concerts lead to a world tour and even new material. The Stones sang their two new tracks “Doom and Gloom” and “One More Shot”, which appeared on their latest greatest hits album “GRRR!”.


Richards has hinted that the five concerts ending at the Newark Prudential Center in the United States on December 15 would not be the last.


“Once the juggernaut starts rolling, it ain’t gonna stop,” he told Rolling Stone magazine. “So without sort of saying definitely yes – yeah. We ain’t doing all this for four gigs!”


The band has come in for criticism from fans about the high price of tickets to the shows – they ranged from around 95 pounds ($ 150) to up to 950 pounds for a VIP seat.


The flamboyant veterans, whose average age is 68, have defended the costs, saying the shows were expensive to put on, although specialist music publication Billboard reported the band would earn $ 25 million from the four shows initially announced. A fifth was added later.


“Everybody all right there in the cheap seats,” Jagger asked pointedly as he looked high to his left at the arena. “They’re not really cheap though are they? That’s the trouble.”


Among the biggest cheers on the night were for classics including “Wild Horses”, “It’s Only Rock and Roll” and “Start Me Up”.


There was even time for the odd reference to their advancing years.


“Good to see you all,” said Richards with a mischievous grin. “Good to see anybody.”


(Reporting by Mike Collett-White, editing by Paul Casciato)


Music News Headlines – Yahoo! News


Read More..

Well: The ‘Love Hormone’ as Sports Enhancer

Is playing football like falling in love? That question, which would perhaps not occur to most of us watching hours of the bruising game this holiday season, is the focus of a provocative and growing body of new science examining the role of oxytocin in competitive sports.

Phys Ed

Gretchen Reynolds on the science of fitness.

Oxytocin is, famously, the “love hormone,” a brain peptide known to promote positive intersocial relations. It makes people like one another, especially in intimate relationships. New mothers are awash in oxytocin (which is involved in the labor process), and it is believed that the hormone promotes bonding between mother and infant.

New-formed romantic couples also have augmented bloodstream levels of the peptide, many studies show. The original attraction between the lovers seems to prompt the release of oxytocin, and, in turn, its actions in the brain intensify and solidify the allure.

Until recently, though, scientists had not considered whether a substance that promotes cuddliness and warm, intimate bonding might also play a role in competitive sports.

But the idea makes sense, says Gert-Jan Pepping, a researcher at the Center for Human Movement Sciences at the University of Groningen in The Netherlands, and the author of a new review of oxytocin and competition. “Being part of a team involves emotions, as for instance when a team scores, and these emotions are associated with brain chemicals.”

Consider, he says, what happens during soccer shootouts. For a study that he and his colleagues published in 2010, they watched replays of a multitude of penalty shootouts that had decided recent, high-pressure World Cup and European Championship games.

They found that when one of the first shooters threw his arms in the air to celebrate a goal, his teammates were far more likely to subsequently shoot successfully than when no exuberant gestures followed a goal.

The players had undergone, it seems, a “transference of emotion,” Dr. Pepping and his colleagues wrote. Emotions such as happiness and confidence are known to be contagious, with one person’s excitement sparking rolling biochemical reactions in onlookers’ brains.

In the shootouts, he says, each player almost certainly had experienced a shared burst of oxytocin, and in the rush of positive feeling, had shot better.

It is difficult, however, to directly quantify changes in oxytocin levels during sports, largely because of practical logistics. Few teams (or referees) will willingly pause games or celebrations after a thrilling play in order for scientists to draw blood.

But there are hints that physical activity, by itself, may heighten production of oxytocin. In a 2008 study, distance runners had significantly higher bloodstream levels of oxytocin after completing an ultramarathon than at the start.

More telling, in a study presented last month at the annual meeting of the Society for Neuroscience in New Orleans, male prairie voles that exercised by running on wheels over six weeks displayed changes in their nervous systems related to increased oxytocin production and bonded rapidly and sturdily with new female cage cohabitants, while unexercised males showed little interest in any particular mate.

“Lots of stresses can trigger oxytocin release, among them exercise,” says William Kenkel, a doctoral candidate at the University of Illinois at Chicago, who led the study. He continued that “it stands to reason, then,” that such exercise-related oxytocin release “could facilitate social bonding.”

What this means for competitive athletes is that, in unexpected ways, every game or race may be a kind love match. And that’s good, Dr. Pepping says.

“In any social setting that requires some form of social interaction, be it cooperation, trust or competition, we require social information to guide our behavior and a nervous system and associated brain chemicals that are sensitive to this social information,” he said. A player needs to accurately scrutinize the body language of his or her opponents and teammates in order to gauge how they will respond during the next play, he points out. They also generally benefit from a tug of fellow feeling toward teammates, their “in-group,” and antagonism toward the other team or competitors, the “out-group.”

Oxytocin facilitates the ability to read other people’s emotions, and it deepens bonds between group members and heightens suspicion of and antagonism toward those outside the group, Dr. Pepping says.

It is also believed, as blood and brain levels rise, to encourage gloating.

So oxytocin is almost certainly an essential, if unacknowledged, player in most competitions.

But people differ in how much oxytocin they produce and in how their bodies respond to the hormone, a situation that has not, to date, been considered when judging athletes and their potential, Dr. Pepping points out, or when planning training routines. “Performance is not simply a matter of physique and strength” or of technique, he says. “It is important to start taking social emotions seriously,” he says, “and in particular those linked to positive emotional experiences.”

Encourage athletes to celebrate openly after a big play or new personal record (within the bounds of what referees will tolerate, of course). High-five often. Even gloat. “A healthy degree of gloating,” prompted by squirts of oxytocin, “could well be associated with and feed an athlete’s self-confidence,” Dr. Pepping says.

Athletes, by the way, aren’t the only group affected by oxytocin in a sports setting, “Sports fans, too, experience spurts of oxytocin release,” Dr. Pepping says, including the half-hearted. “Even when you don’t much like sports,” he says, watching others high-five and leap about the living room after their favored team scores will lead “your body to release oxytocin.” At that moment, we are all a fervent Bears or Giants or Oklahoma City Thunder fan, whatever we might think, in our more sober moments, about that James Harden trade.

Read More..

Obama taps Walter as new SEC chief









WASHINGTON -- President Obama on Monday designated Elisse Walter as chairwoman of the Securities and Exchange Commission, but it's unclear if the Democratic commissioner will be the permanent replacement for outgoing Mary Schapiro.


Walter, who has served on the SEC since July 2008, will take over the reins of the agency after Schapiro steps down on Dec. 14. Schapiro announced her resignation Monday.


Obama thanked Schapiro for her "steadfast leadership." 





"When Mary agreed to serve nearly four years ago, she was fully aware of the difficulties facing the SEC and our economy as a whole," Obama said in a written statement.


"But she accepted the challenge, and today, the SEC is stronger and our financial system is safer and better able to serve the American people – thanks in large part to Mary's hard work," he said.


Obama can designate a current commissioner as chairman. But he must nominate a permanent replacement, who then has to be confirmed by the Senate.


After Schapiro departs next month, the SEC will have two Democrats and two Republicans, making it difficult to pass any controversial measures.


The White House did not indicate if Walter was among those being considered for the nomination.


Walter served as chairwoman for a short period in January 2009 after the departure of former Chairman Christopher Cox, before Schapiro was sworn in.


Walter, a former executive at the Financial Industry Regulatory Authority and the National Assn. of Securities Dealers, has been mentioned as a permanent replacement for Schapiro.


Obama said he was "confident that Elisse's years of experience will serve her well in her new position."


ALSO:


SEC chief Mary Schapiro to step down


Warren Buffett says tax hikes won't stop wealthy from investing


New faces likely for key U.S. economic posts, starting at Treasury



Follow Jim Puzzanghera on Twitter and Google+.





Read More..

2nd quarter: Bears 10, Vikings 3









The Chicago Bears were coming off a short practice week and trying to have a short memory when they hosted the Minnesota Vikings on Sunday at Soldier Field.

After Monday night’s demoralizing 32-7 loss at San Francisco, the Bears were counting on the return from a concussion of quarterback Jay Cutler to re-energize the team on both sides of the ball.


The Bears looked energized early, taking an 18-3 lead on a 1-yard touchdown run by Michael Bush, his second of the day. On the extra point, holder Adam Podlesh took the snap from center and ran in for the two-point conversion with 4:01 left until halftime.


The Bears had gone up 10-3 on a 47-yard field goal by Robbie Gould with 32 seconds left in the first quarter. The drive covered 25 yards in 10 plays. The drive featured a taunting penalty against a feisty Cutler for flipping the ball at the Vikings' A.J. Jefferson.





The Vikings' Walsh had a 30-yard field goal attempt blocked by Julius Peppers with 12 minutes left until halftime.


Devin Hester was ruled out for the game in the second quarter after suffering a concussion, the Bears said.


The Bears' defense got back to its turnover-producing ways early when Adrian Peterson fumbled and Charles Tillman recovered at the Vikings' 34. Nick Roach forced the fumble. The Bears converted the opportunity into a 1-yard touchdown by Bush with 7:17 left in the first quarter to take a 7-3 lead. The drive included a 15-yard pass from Cutler to tight end Kellen Davis to the Minnesota 1.


The Bears lost the ball on their opening series when Matt Forte fumbled with 13:07 left in the first period. The fumble was recovered by Chad Greenway at the Bears' 28. The drive resulted in a 40-yard field goal by Blair Walsh.

After dropping two straight, the Bears needed to fend off the Vikings, who entered one game back at 6-4. And the Bears were trying to at least keep pace with the Packers as leaders of the NFC North. The Bears and Vikings will meet twice in three weeks. On Dec. 9, the Bears travel to the Metrodome.


Vikings running back Adrian Peterson reportedly missed the team bus to Soldier Field, but hailed a taxi cab in front of the team hotel and made it to the stadium at 10:23 a.m. for the noon start, according to the NFL Network. The Vikings' protocol calls for players to arrive no less than two hours before kickoff.
 
One of the many serious flaws in the Bears' loss at San Francisco was an offensive line that allowed backup quarterback Jason Campbell to be sacked six times. The Bears since have demoted right tackle Gabe Carimi and replaced him in the starting lineup with Jonathan Scott.

“We could talk about chip help and giving this guy some help,” Bears offensive coordinator Mike Tice said. “There are a couple of things that I know are right and here’s a couple of them: In a season when you run three-step drops, you should have no sacks at the end of the season, and to give up three in one game is totally unacceptable. Secondly, it’s hard to chip bull rushes because a guy is down the middle of a guy, and at a certain point a player needs to grit his teeth, buck up and win a fight. So those are a couple things from the protection issues from the game.”

The Bears entered Sunday’s game having scored one touchdown the previous two weeks.

“The concerns offensively -- the lack of rhythm, the lack of the fast starts, the lack of success on first down -- are still haunting us,” Tice said. “We felt like we had a decent plan, going in, playing some smash-mouth, getting to that third-and-medium, giving ourselves a chance to convert to stay out of those long situations and giving those nickel pass rushers a chance to tee off. That didn’t happen in that football game. So where do we go from here?”

Questions about the competency of the Bears' offensive line linger.
 
“We’re evaluating our guys to see what’s going to give us the best chance to succeed and do some of the things we’re trying to accomplish offensively,” Tice said.

The Bears have another NFC home game next Sunday against the Seattle Seahawks.
 
fmitchell@tribune.com

Twitter@kicker34





Read More..

Psy’s “Gangnam Style” video becomes YouTube’s most viewed












LOS ANGELES (Reuters) – South Korean rap star Psy‘s music videoGangnam Style” on Saturday became the most watched item ever posted to YouTube with more than 800 million views, edging past Canadian teen star Justin Bieber‘s 2-year-old video for his song “Baby.”


The milestone was the latest pop culture victory for Psy, 34, a portly rap singer known for his slicked-back hair and comic dance style who has become one of the most unlikely global stars of 2012.












Psy succeeded with a video that generated countless parodies and became a media sensation. He gained more fame outside his native country than the more polished singers in South Korea‘s so-called K-Pop style who have sought to win international audiences.


YouTube, in a post on its Trends blog, said “Gangnam Style” on Saturday surpassed the site’s previous record holder, Bieber’s 2010 music video “Baby,” and by mid-day “Gangnam Style” had reached 805 million views, compared to 803 million for “Baby.” Within a few hours, “Gangnam Style” had gone up to more than 809 million views.


“Gangnam Style” was first posted to YouTube in July, and by the following month it began to show huge popularity on YouTube with audiences outside of South Korea.


“It’s been a massive hit at a global level unlike anything we’ve ever seen before,” said the YouTube blog.


The blog also said the “velocity” of the video’s popularity has been unprecedented for YouTube.


In his “Gangnam Style” video the outlandishly dressed, sunglass-wearing Psy raps in Korean and dances in the style of an upper-crust person riding an invisible horse.


The song is named after the affluent Gangnam District of Seoul and it mocks the rampant consumerism of that suburb. Psy, whose real name is Park Jai-sang, is no stranger to wealth as his father is chairman of a South Korean semiconductor company.


His parents sent him to business school in the United States but he confesses that he bought musical instruments with his tuition money. He later graduated from Berklee College of Music in Boston and won fame in South Korea with his 2001 debut album.


The viral success of “Gangnam Style” on YouTube also has translated into strong record sales. In late September, the song jumped to the top of the British pop charts and it also has sold well in other countries.


Popular parodies of the “Gangnam Style” video included one featuring the University of Oregon’s duck mascot, and another done in the “Star Trek” language Klingon.


The official YouTube view count for Gangnam Style represents only the figure for the original video posted to the site, but copycat versions, parodies and videos by people commenting on the song have been posted to the site and elsewhere on the Web.


Counting all those different versions, “Gangnam Style” and its related videos have more than 2.2 billion views across the Internet, said Matt Fiorentino, spokesman for the online video tracking firm Visible Measures.


“Without the dance, I don’t think it would have been as big as it is,” Fiorentino said. “And the other thing is, Psy has a unique sense of humor which comes through in the video. He doesn’t take himself too seriously.”


(Editing by Barbara Goldberg and Bill Trott)


Music News Headlines – Yahoo! News


Read More..

Indian Prostitutes’ New Autonomy Imperils AIDS Fight


Kuni Takahashi for The New York Times


Sex workers in Mumbai’s long-established red-light district, where brothels are dwindling.







MUMBAI, India — Millions once bought sex in the narrow alleys of Kamathipura, a vast red-light district here. But prostitutes with inexpensive mobile phones are luring customers elsewhere, and that is endangering the astonishing progress India has made against AIDS.




Indeed, the recent closings of hundreds of ancient brothels, while something of an economic victory for prostitutes, may one day cost them, and many others, their lives.


“The place where sex happens turns out to be an important H.I.V. prevention point,” said Saggurti Niranjan, program associate of the Population Council. “And when we don’t know where that is, we can’t help stop the transmission.”


Cellphones, those tiny gateways to modernity, have recently allowed prostitutes to shed the shackles of brothel madams and strike out on their own. But that independence has made prostitutes far harder for government and safe-sex counselors to trace. And without the advice and free condoms those counselors provide, prostitutes and their customers are returning to dangerous ways.


Studies show that prostitutes who rely on cellphones are more susceptible to H.I.V. because they are far less likely than their brothel-based peers to require their clients to wear condoms.


In interviews, prostitutes said they had surrendered some control in the bedroom in exchange for far more control over their incomes.


“Now, I get the full cash in my hand before we start,” said Neelan, a prostitute with four children whose side business in sex work is unknown to her husband and neighbors. (Neelan is a professional name, not her real one.)


“Earlier, if the customer got scared and didn’t go all the way, the madam might not charge the full amount,” she explained. “But if they back out now, I say that I have removed all my clothes and am going to keep the money.”


India has been the world’s most surprising AIDS success story. Though infections did not appear in India until 1986, many predicted the nation would soon become the epidemic’s focal point. In 2002, the C.I.A.’s National Intelligence Council predicted that India would have as many as 25 million AIDS cases by 2010. Instead, India now has about 1.5 million.


An important reason the disease never took extensive hold in India is that most women here have fewer sexual partners than in many other developing countries. Just as important was an intensive effort underwritten by the World Bank and the Bill and Melinda Gates Foundation to target high-risk groups like prostitutes, gay men and intravenous drug users.


But the Gates Foundation is now largely ending its oversight and support for AIDS prevention in India, just as efforts directed at prostitutes are becoming much more difficult. Experts say it is too early to identify how much H.I.V. infections might rise.


“Nowadays, the mobility of sex workers is huge, and contacting them is very difficult,” said Ashok Alexander, the former director in India of the Gates Foundation. “It’s a totally different challenge, and the strategies will also have to change.”


An example of the strategies that had been working can be found in Delhi’s red-light district on Garstin Bastion Road near the old Delhi railway station, where brothels have thrived since the 16th century. A walk through dark alleys, past blind beggars and up narrow, steep and deeply worn stone staircases brings customers into brightly lighted rooms teeming with scores of women brushing each other’s hair, trying on new dresses, eating snacks, performing the latest Bollywood dances, tending small children and disappearing into tiny bedrooms with nervous men who come out moments later buttoning their trousers.


A 2009 government survey found 2,000 prostitutes at Garstin Bastion (also known as G. B.) Road who served about 8,000 men a day. The government estimated that if it could deliver as many as 320,000 free condoms each month and train dozens of prostitutes to counsel safe-sex practices to their peers, AIDS infections could be significantly reduced. Instead of broadcasting safe-sex messages across the country — an expensive and inefficient strategy commonly employed in much of the world — it encircled Garstin Bastion with a firebreak of posters with messages like “Don’t take a risk, use a condom” and “When a condom is in, risk is out.”


Surprising many international AIDS experts, these and related tactics worked. Studies showed that condom use among clients of prostitutes soared.


“To the credit of the Indian strategists, their focus on these high-risk groups paid off,” said Dr. Peter Piot, the former executive director of U.N.AIDS and now director of the London School of Hygiene and Tropical Medicine. A number of other countries, following India’s example, have achieved impressive results over the past decade as well, according to the latest United Nations report, which was released last week.


Sruthi Gottipati contributed reporting in Mumbai and New Delhi.



Read More..

Rosenthal: Big Ten getting too big for its own good?








There's a lesson the empire builders at Big Ten Conference headquarters in Park Ridge would do well to heed if they can be convinced to stop peering out to the distant horizon:


Growth through acquisition is fraught with peril.


"In the business world you acquire new companies and you have to deal with different corporate cultures, different priorities and so forth," Robert Arnott, chairman of Research Affiliates LLC, an investment firm, said in an interview. "Merging them is often very messy and often fails. Here you're merging two teams into an existing conference and it creates risks. … Even college football teams have different cultures, different ways of thinking about how to win and different standards."






There undoubtedly was a logic behind each acquisition as the old Sears sought to expand and diversify its corporate profile. By the time the Chicago-area company's portfolio grew to include Allstate insurance, Coldwell Banker real estate and Dean Witter Reynolds stock brokerage, it was clear the increase in size was in no way matched by an increase in strength.


Rather than an all-powerful Colossus astride many sectors at once, it was reduced to an unfocused blob, bereft of identity, covering plenty of ground but hardly standing tall. Years after shedding its far-flung holdings, Sears has yet to regain its muscle, mojo or market share.


"It's hard to find a better example of a company that lost its mission and focus in the quest for growth," Arnott said.


"(Growth) may be partly a defensive move. It may be ego driven. In the corporate arena, you certainly see that in spades," he said. "When growth is through acquisition, you have to figure out what the real motivation is. Is it synergy, the most overused word in the finance community, or is it ego?"


Adding the University of Maryland and New Jersey's Rutgers University in 2014 will push the Big Ten to 14 schools and far beyond the Midwestern territory for which it's known. But doing so may not achieve what its backers envision.


Rather than spread the conference's brand, it may merely dilute it. The fit may be corrosive, not cohesive.


There is a school of thought that this is but the latest evidence that the Big Ten is not about athletics, academics or even the Midwest. Instead, it is just a television network, the schools content providers and student-athletes talent.


As it is, the overall TV payout is said to give each of the 12 current Big Ten schools about $21 million per year. They point to the Big Ten's lucrative deals with ESPN and its own eponymous cable network, a partnership with News Corp. They note that public schools Rutgers and Maryland are near enough to New York, Baltimore and Washington, D.C., to drive a better bargain with cable carriers.


To Big Ten Commissioner Jim Delany, a New Jersey native, the addition is more the result of a paradigm shift that has redrawn the college sports map over the past decade. Some conferences splinter. Others seize new turf. The result: Idaho's Boise State football team is poised to join the Big East Conference next year.


"Institutions that get together for academics or athletics have got to be cognizant that they are competing for students, they are competing for student athletes, they are competing for research dollars," Delany told reporters.


"When you see a Southern conference in the Midwest or you see a Southern conference in the Plains states or whether you see other conferences in the Midwest or Northeast, it impacts your recruitment. ... It impacts everything you do," he said. "At a certain point you get to a tipping point. The paradigm has shifted, and you decide on a strategy to basically position yourself for the next decade or half-century."


Big has always meant more than 10 in the Big Ten, an intercollegiate entity formed by seven Midwestern universities that now boasts 12 with the bookends of Penn State and Nebraska added in 1990 and last year, respectively. Last week's announcement of adding schools 13 and 14 was just a reminder that the conference has only had 10 member schools for 70 of its 116 years and won't again for the foreseeable future.


Rutgers President Robert Barchi said his school looked "forward as much to the collaboration and interaction we're going to have as institutions as we do to what I know will be really outstanding competition on our field of play."


But make no mistake, the Big Ten was born out of sports, specifically football. A seven-school 1896 meeting at Chicago's Palmer House had Northwestern among those still stinging from a scathing Harper's Weekly critique of college sports abuses, the Tribune reported at the time.


A prohibition on allowing scholarship and fellowship students to compete was shot down. But "a move towards the coordination of Faculty committees" in terms of standards and enforcement passed and the precursor to the Big Ten was born.


Along the way, the conference has added member schools and come to recognize that the Big Ten's image has much to say about how those institutions are perceived. Scandals already are no stranger to the Big Ten. But whether you play in a stadium or on Wall Street, the bigger one gets, the bigger target one becomes.


"Whoever's biggest draws scrutiny," said Arnott, co-author of a research paper, "The Winners Curse: Too Big to Succeed." "That means politicians, regulators, the general public generally don't root for the biggest. They look to take them down a notch, so it's harder to succeed as the largest. It's also harder to move the dial and move from success to success as you get really big."


Everyone talks about becoming too big to fail, but there's also too big to scale, companies that are unable to capitalize on the efficiencies of their increased size ostensibly because they are so big that they cannot be managed adequately.


"People talk about economies of scale. There are also vast diseconomies of scale, mostly in bureaucracies," Arnott said. "The more people you have involved, the more people you have who feel they have to have their views reflected in whatever's done. So you wind up with innovation by committee."


That's deadly. That's why companies break up, citing the need to get smaller so they can grow.


"If you break up companies into operating entities that are more nimble," Arnott said, "the opportunities to grow are no longer hamstrung by centralized bureaucracies that have to pursue synergies that don't exist."


Size matters in all fields of play. Sometimes smaller is better.


philrosenthal@tribune.com


Twitter @phil_rosenthal






Read More..