Thursday, November 8, 2012

Morning Brief: Time Inc. releases updates to 9 of its magazine apps; Greece approves new austerity bill as daily newspaper announces it will begin publishing again

This morning Time Inc. issue nine app updates in order to fix unspecified bugs in its tablet editions. Some users have been complaining recently that the apps would not open or load, and while the complaints were not universal, they seemed to be consistent across the entire line of tablet editions.

The app editions updated this morning are TIME Magazine, PEOPLE Magazine, PEOPLE EN ESPANOL, FORTUNE Magazine, Cooking Light Magazine, INSTYLE Magazine, ALL YOU Magazine, ESSENCE Magazine, and MONEY Magazine.

Time's other titles were last updated in early August, also for bug fixes. Looking at the most recent reviews of those apps, which include SUNSET Magazine, is that they, too, tend to crash and not load or open. My guess is that we can look for a second wave of updates for these tablet editions to appear soon.

Yesterday the Greek parliament approved new austerity measures demanded of the EU and IMF in order for €31.5bn in new funding to be released. The austerity package, a €13.5bn bill, passed with a slight majority of 153 votes in the 300 seat chamber, and not without a spirited debate.

Outside Greeks protested, sometimes violently, leading to the use of water cannons and tear gas by police. Several members of PASOK, the Greek socialist party that just a few years ago held power, resisted voting for the measure and were subsequently kicked out of the party, reducing PASOK's total number of MPs to only 27.

Despite the debate and the protests, the Euro partners behind the bailout funds are not set to release the money to Greece. “We're not there yet,” Germany's Finance Minister Wolfgang Schaeuble said according to

Today ELSTAT, the Hellenic Statistical Authority, reported that unemployment in Greece in August hit 25.4 percent, with youth unemployment at 58 percent. Unemployment statistics are always released several months in arrears, so one can assume that the rate in November may be even higher.

The Euro debt crisis has had a major impact on the newspaper business in Greece, with the staff of the Athens News working the past three months without pay, and some wages cut. No print edition was published last Friday due to a work stoppage to protest the lack of pay.

In some good news, I suppose, Eleftherotypia, a liberal paper that was shut down last year, has announced that it will reopen.