Gay Americans pay more taxes for fewer rights CNN International Editor's note: Suze Orman is a personal finance expert and hosts "The Suze Orman Show" on CNBC. She is a bestselling author of ten books, including "The Money Class." (CNN) -- That nine states and the District of Columbia have legalized same-sex ... |
Monday, February 25, 2013
Gay Americans pay more taxes for fewer rights - CNN International
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Wednesday, February 20, 2013
Abnormal Growth Regulation May Occur in Children With Heart Defects - Science Daily (press release)
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Abnormal Growth Regulation May Occur in Children With Heart Defects Science Daily (press release) Abnormal Growth Regulation May Occur in Children With Heart Defects. Feb. 19, 2013 â€" The poor growth seen in children born with complex heart defects may result from factors beyond deficient nutrition. A new study by pediatric researchers suggests ... |
Friday, February 15, 2013
Region weathers job losses - Philadelphia Business Journal:
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Nationally, initial jobless claims last week increasedto 573,000, the highesy level since 1982.U.S. employers cut 533,000p jobs in November, according to the U.S. Labor Department’d Bureau of Labor Statistics, which said the figure is the largestf loss of jobs in one monthsincee 602,000 vanished in December 1974. It puts the nation’a unemployment rate at 6.7 percent. In October, the most recent monthg for which local figures are the region had an unemployment rateof 5.7 percent, 0.8 percentage pointsw below the then-national rate of 6.5 percent, the BLS said.
One measurr of job loss in New Jersey and Pennsylvania is the numbed of employees listed in notices filed under the Worketr Adjustment andRetraining Notification, or WARN, Act, whicyh requires most employers with 100 or more workera to give workers and local and state governments 60 days notice of plannesd plant closings or mass layoffs. So far this year, 35 companiesa in the five-county Philadelphia area have filed WARN noticesscovering 4,210 workers with the That compares to 38 companiew warning about 4,480 job cuts by this time last year.
In Camden and Gloucester counties, 14 companies have file d noticesaffecting 2,540 workers with the New Jerset Department of Labor and Workforce Development, compared to only eighr companies warning of 781 job losses over all of last Companies that have major operations in the area have implemented or announcerd at least 19,500 job cuts, including more than 1,60o0 in the region, this year. The vast majoritu come from four large pharmaceutical which plan toshed 14,000 of Berwyn announced just Wednesday it woulrd lay off 2,500, but didn’g say how many would be local.
The cuts also include 900 locap jobs byWest Chester-based ; 190 jobs by Wayne-based recruiting softwar e company , which didn’t specify location; and 150 by the Nationa l Football League, which include a yet-to-be-determined numberr in Mount Laurel, N.J. One reason the regiob seems to be faring better than the nation as a wholde is its strength in the education and healthservicese sector. It’s the area’s second largest of 10 sectors, with 18.
1 percengt of the employment, according to Select Greater which promotes the region to Only two of the five broa d sectors delineated in the nationwide BLS release gaine d jobs in November education andhealth services, whicgh added 52,000; and which added 7,000. “I used to say the Philadelphis region suffered fromnegative serendipity; if industried would have a problem, it always seemed that it was industriese we had. In this case and in this the exact opposite seems to be the saidJoel Naroff, chief economistg for .
In education, the area’s colleges and universities haven’t announced any although has implemented a hiring freezee and the has put in placesomething that’xs quite close to one. Big Pharma, big cuts In healthg care, the pharmaceutical industry has been hit hardest by job Four big pharmaceutical companies with largee operations in theregion — Wyeth, plc, plc and this year have announced plans to shed more than 14,0090 jobs through layoffs and not filling vacancies over the next few Wyeth of Madison, N.J., which has the headquarters for its pharmaceuticak operations in Collegeville, said 360 Pennsylvania jobs have been eliminatee this year.
AstraZeneca, which is baseds in London and hasits U.S. headquarters in Wilmington, said most of its layoffds occurred outside of theUnited States. Merck of Whitehouse Station, and GSK, which has its U.S. headquarters in Researcnh Triangle Park, N.C., wouldn’t say how many locak jobs theyare cutting. As city makezs cuts, retail shrinks Although the government sector added jobs the city ofPhiladelphia wasn’t so It plans to lay off 220 employeeds and eliminate nearly 600 unfilled more than 1,660 seasonalk part-time jobs and about 570 contractual, non-city Government is the fourth largest sector in the with 13.9 percent of the region’xs jobs.
The largest sector is trade, transportation and utilities, whichj make up 18.8 percent of the region’s jobs. It includex wholesalers and retailers, the latter of whicb have cut positions in the The biggest retail blow came in Augustwhen ’w Department Store LLC of Reading closed its storexs in the Oxford Valleuy and Montgomery Malls, whicjh employed 135 and 146, respectively. the Canton, Mass., electronics retailer that filed for bankruptc reorganizationlast year, liquidated six area stores that employe 96 earlier this month. The professional and business services which isthe area’x third largest with 14.9 percent of has fared relatively well so far.
Nationally, initial jobless claims last week increasedto 573,000, the highesy level since 1982.U.S. employers cut 533,000p jobs in November, according to the U.S. Labor Department’d Bureau of Labor Statistics, which said the figure is the largestf loss of jobs in one monthsincee 602,000 vanished in December 1974. It puts the nation’a unemployment rate at 6.7 percent. In October, the most recent monthg for which local figures are the region had an unemployment rateof 5.7 percent, 0.8 percentage pointsw below the then-national rate of 6.5 percent, the BLS said.
One measurr of job loss in New Jersey and Pennsylvania is the numbed of employees listed in notices filed under the Worketr Adjustment andRetraining Notification, or WARN, Act, whicyh requires most employers with 100 or more workera to give workers and local and state governments 60 days notice of plannesd plant closings or mass layoffs. So far this year, 35 companiesa in the five-county Philadelphia area have filed WARN noticesscovering 4,210 workers with the That compares to 38 companiew warning about 4,480 job cuts by this time last year.
In Camden and Gloucester counties, 14 companies have file d noticesaffecting 2,540 workers with the New Jerset Department of Labor and Workforce Development, compared to only eighr companies warning of 781 job losses over all of last Companies that have major operations in the area have implemented or announcerd at least 19,500 job cuts, including more than 1,60o0 in the region, this year. The vast majoritu come from four large pharmaceutical which plan toshed 14,000 of Berwyn announced just Wednesday it woulrd lay off 2,500, but didn’g say how many would be local.
The cuts also include 900 locap jobs byWest Chester-based ; 190 jobs by Wayne-based recruiting softwar e company , which didn’t specify location; and 150 by the Nationa l Football League, which include a yet-to-be-determined numberr in Mount Laurel, N.J. One reason the regiob seems to be faring better than the nation as a wholde is its strength in the education and healthservicese sector. It’s the area’s second largest of 10 sectors, with 18.
1 percengt of the employment, according to Select Greater which promotes the region to Only two of the five broa d sectors delineated in the nationwide BLS release gaine d jobs in November education andhealth services, whicgh added 52,000; and which added 7,000. “I used to say the Philadelphis region suffered fromnegative serendipity; if industried would have a problem, it always seemed that it was industriese we had. In this case and in this the exact opposite seems to be the saidJoel Naroff, chief economistg for .
In education, the area’s colleges and universities haven’t announced any although has implemented a hiring freezee and the has put in placesomething that’xs quite close to one. Big Pharma, big cuts In healthg care, the pharmaceutical industry has been hit hardest by job Four big pharmaceutical companies with largee operations in theregion — Wyeth, plc, plc and this year have announced plans to shed more than 14,0090 jobs through layoffs and not filling vacancies over the next few Wyeth of Madison, N.J., which has the headquarters for its pharmaceuticak operations in Collegeville, said 360 Pennsylvania jobs have been eliminatee this year.
AstraZeneca, which is baseds in London and hasits U.S. headquarters in Wilmington, said most of its layoffds occurred outside of theUnited States. Merck of Whitehouse Station, and GSK, which has its U.S. headquarters in Researcnh Triangle Park, N.C., wouldn’t say how many locak jobs theyare cutting. As city makezs cuts, retail shrinks Although the government sector added jobs the city ofPhiladelphia wasn’t so It plans to lay off 220 employeeds and eliminate nearly 600 unfilled more than 1,660 seasonalk part-time jobs and about 570 contractual, non-city Government is the fourth largest sector in the with 13.9 percent of the region’xs jobs.
The largest sector is trade, transportation and utilities, whichj make up 18.8 percent of the region’s jobs. It includex wholesalers and retailers, the latter of whicb have cut positions in the The biggest retail blow came in Augustwhen ’w Department Store LLC of Reading closed its storexs in the Oxford Valleuy and Montgomery Malls, whicjh employed 135 and 146, respectively. the Canton, Mass., electronics retailer that filed for bankruptc reorganizationlast year, liquidated six area stores that employe 96 earlier this month. The professional and business services which isthe area’x third largest with 14.9 percent of has fared relatively well so far.
Sunday, February 10, 2013
Monday, February 4, 2013
Down equity markets yield investors, opportunities for third Anchorage Angels fund - Baltimore Business Journal:
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And, he said, this might be one of the most promisinyg periodsfor early-stage investment group such as his Anchoragr Angels. Anchorage Angels recently closed its third Anchorage AngelsIII LLC, said Chapman, who is managing membetr of the 10-year-old private investment fund. Although Chapmah declined to give specifics, he described Anchoragew Angels III as the largesg of the three funds created since with wellover $1 million raised. Chapma n said that although there are no immediate plans for an additional thefund “has flexibilituy to increase its size.” Tough times, but big opportunitied Anchorage Angels III already has invested in six companies, which he decline to identify.
The new fund will invest acrosz theUnited States, Chapman said. Anchoragew Angels’ typical maximum investment isabout $150,000 to limit the exposurwe in individual companies, he said. But it has investefd as much as $200,000 in a single companyg through multiple funding rounds and as littleeas $25,000. So how hard is it to get investor to fork over perhaps hundredz of thousands of dollars during what mightt be the depths of the worst downturnsince 1929? Tough, Chapmanm said. “It’s extremely difficultg to raise money in this he said. It takes longer, with endless meetings and Chapman said. “But we have a record.
We have a trackm record of making money in reallycrummy environments.” The 2009 investingh environment is “the opposite” of when Anchorage Angels raised its first money in 2000, he During that go-go environment, with the possibilityy of taking companies public, there were lots of and all them were expensive, Chapman said. That is, there was so much investof money chasing deals that the terms were not as favorablesfor investors. “What you see (now) are very interestingy tech plays at veryinteresting valuations,” he Valuations are lower, deals are plentiful and managementt teams are better and more seasoned, he said.
Anothefr difference from past years is that more investors many of whom have becomew disillusionedwith public-equity markets are coming to Anchorage Angelds to learn the private-capital business. “They say, ‘I sold my I have cash to invest, and I want to learb how this gameis played,’ ” Chapmaj said. There’s a wealth of opportunity right now for entrepreneurin early-stage companies, including in health care and energy, said Sean co-founder and CEO of Louisville-based Genscape trackws utility energy output for brokers, and it’s one of the companiee in which Anchorage Angelzs invested.
The recession has meant that a lot of professionalws havebeen “forced to thinki about what to do with thei r lives, and they’re talking risks they wouldn’t ordinarily be starting new companies, said O’Leary, who also is a current Anchoragw Angels investor.
And, he said, this might be one of the most promisinyg periodsfor early-stage investment group such as his Anchoragr Angels. Anchorage Angels recently closed its third Anchorage AngelsIII LLC, said Chapman, who is managing membetr of the 10-year-old private investment fund. Although Chapmah declined to give specifics, he described Anchoragew Angels III as the largesg of the three funds created since with wellover $1 million raised. Chapma n said that although there are no immediate plans for an additional thefund “has flexibilituy to increase its size.” Tough times, but big opportunitied Anchorage Angels III already has invested in six companies, which he decline to identify.
The new fund will invest acrosz theUnited States, Chapman said. Anchoragew Angels’ typical maximum investment isabout $150,000 to limit the exposurwe in individual companies, he said. But it has investefd as much as $200,000 in a single companyg through multiple funding rounds and as littleeas $25,000. So how hard is it to get investor to fork over perhaps hundredz of thousands of dollars during what mightt be the depths of the worst downturnsince 1929? Tough, Chapmanm said. “It’s extremely difficultg to raise money in this he said. It takes longer, with endless meetings and Chapman said. “But we have a record.
We have a trackm record of making money in reallycrummy environments.” The 2009 investingh environment is “the opposite” of when Anchorage Angels raised its first money in 2000, he During that go-go environment, with the possibilityy of taking companies public, there were lots of and all them were expensive, Chapman said. That is, there was so much investof money chasing deals that the terms were not as favorablesfor investors. “What you see (now) are very interestingy tech plays at veryinteresting valuations,” he Valuations are lower, deals are plentiful and managementt teams are better and more seasoned, he said.
Anothefr difference from past years is that more investors many of whom have becomew disillusionedwith public-equity markets are coming to Anchorage Angelds to learn the private-capital business. “They say, ‘I sold my I have cash to invest, and I want to learb how this gameis played,’ ” Chapmaj said. There’s a wealth of opportunity right now for entrepreneurin early-stage companies, including in health care and energy, said Sean co-founder and CEO of Louisville-based Genscape trackws utility energy output for brokers, and it’s one of the companiee in which Anchorage Angelzs invested.
The recession has meant that a lot of professionalws havebeen “forced to thinki about what to do with thei r lives, and they’re talking risks they wouldn’t ordinarily be starting new companies, said O’Leary, who also is a current Anchoragw Angels investor.
Wednesday, January 30, 2013
Bio-Imaging Technologies to buy Etrials Worldwide - Triangle Business Journal:
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Chris Sakell, Etrials' director of marketing, said that the deal is expectes to be good for both companiewsbut that, for now, Etrials is not commentinv on how the acquisition would affecr its 100 employees because the deal has not yet been closed. The acquisitio n is expected to close in June. Until then, Sakell the company would continue to focua on businessas usual. The proposecd deal calls for Etrialws shareholders to receive a mix of cash and newlyissueed Bio-Imaging common and preferred stock that valuews each share of Etrials about 91 a 27 percent premium over the stock’s average closint price during the past month.
Morrisville-based Etrials ETWC) provides software used by drug companieas and contract research organizations in the runnintg ofclinical trials. Pennsylvania-based Bio-Imaging BITI) does business under the name The company, which has 450 employees, also provides clinica trial services, including the management of medical If the deal closew as expected, Bio-Imaging will acquire a company that has been on the downturn since peaking in early 2006. Over the past two years, the company has seen the departure of two includingcompany co-founder John Cline, and undergone two roundsd of restructuring, the most recent of whichy was .
The company also in Januarh against two of its former executive s anda competitor, accusingt them of stealing trade secretsz and violating confidentiality agreements. In a written BioClinica President and CEOMark L. Weinstein said he anticipate Etrials willcomplement BioClinica’s offerings as the Morrisville company is integrates into BioClinica’s clinical services division. It was not immediately clear what wouldr happen to the 100 or soEtrials employees. “Etrials is an excellent fit withour long-termm corporate strategy,” Weinstein said.
“This addition instantly broadens our eClinical product offering while leveraging our global operations and brand reputation for quality client service.” Etrials once was seen as an up-and-cominbg player at the intersection of software and the rapidlt growing clinical trials business. The company went public in a revers merger in 2004 but had hit tough times by 2007. In the fall of Etrials revealed in a securities filingf that it was with anunnamed company. Shares of which traded for as muchas $6.29 in Januaruy 2006, closed Monday at 71 cents a share.
With the acquisitionn of Etrials, BioClinica’s Weinstein said his company anticipated that its 2009 revenues will bebetween $65 millioj and $75 million. That compares with previouslyt issued guidanceof $60 milliomn to $63 million. As a result of the proposecd transaction, Etrials will not hold its firsr quarter earnings call schedulesd forMay 12.
Chris Sakell, Etrials' director of marketing, said that the deal is expectes to be good for both companiewsbut that, for now, Etrials is not commentinv on how the acquisition would affecr its 100 employees because the deal has not yet been closed. The acquisitio n is expected to close in June. Until then, Sakell the company would continue to focua on businessas usual. The proposecd deal calls for Etrialws shareholders to receive a mix of cash and newlyissueed Bio-Imaging common and preferred stock that valuews each share of Etrials about 91 a 27 percent premium over the stock’s average closint price during the past month.
Morrisville-based Etrials ETWC) provides software used by drug companieas and contract research organizations in the runnintg ofclinical trials. Pennsylvania-based Bio-Imaging BITI) does business under the name The company, which has 450 employees, also provides clinica trial services, including the management of medical If the deal closew as expected, Bio-Imaging will acquire a company that has been on the downturn since peaking in early 2006. Over the past two years, the company has seen the departure of two includingcompany co-founder John Cline, and undergone two roundsd of restructuring, the most recent of whichy was .
The company also in Januarh against two of its former executive s anda competitor, accusingt them of stealing trade secretsz and violating confidentiality agreements. In a written BioClinica President and CEOMark L. Weinstein said he anticipate Etrials willcomplement BioClinica’s offerings as the Morrisville company is integrates into BioClinica’s clinical services division. It was not immediately clear what wouldr happen to the 100 or soEtrials employees. “Etrials is an excellent fit withour long-termm corporate strategy,” Weinstein said.
“This addition instantly broadens our eClinical product offering while leveraging our global operations and brand reputation for quality client service.” Etrials once was seen as an up-and-cominbg player at the intersection of software and the rapidlt growing clinical trials business. The company went public in a revers merger in 2004 but had hit tough times by 2007. In the fall of Etrials revealed in a securities filingf that it was with anunnamed company. Shares of which traded for as muchas $6.29 in Januaruy 2006, closed Monday at 71 cents a share.
With the acquisitionn of Etrials, BioClinica’s Weinstein said his company anticipated that its 2009 revenues will bebetween $65 millioj and $75 million. That compares with previouslyt issued guidanceof $60 milliomn to $63 million. As a result of the proposecd transaction, Etrials will not hold its firsr quarter earnings call schedulesd forMay 12.
Tuesday, January 15, 2013
TaylorMade Golf Teams With Gravity Jack, Releases Free Augmented Reality ... - PR Newswire (press release)
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TaylorMade Golf Teams With Gravity Jack, Releases Free Augmented Reality ... PR Newswire (press release) TaylorMade Golf, a world-renown name in golf, has released a powerful new mobile application featuring the new R1 Driver. The free 'R1 Virtual' app for iPhone and iPad allows users to view, tune and test the company's new club using 3D mobile augmented ... | < /tr>
Sunday, January 13, 2013
Reissue CDs Weekly: Marianne Faithfull, Françoise Hardy, Pia Fraus - The Arts Desk
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The Arts Desk | Reissue CDs Weekly: Marianne Faithfull, Françoise Hardy, Pia Fraus The Arts Desk In 1979, there was no obvious place for Marianne Faithfull. Identified with the Sixties and the baggage which came from her relationship with Mick Jagger, she had â€" harrowingly detailed in her autobiography â€" spent part of the decade living on a wall ... < p size="-1" class="p"> |
Friday, January 11, 2013
Private school buys nearby church land for major expansion - Nashville Business Journal:
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"We put academics and students but we want our facilities to reflecrthat emphasis," says Margaret "Sissy" head of school. "This will give us a true Wade says the property will most likely be used for construction of anew library, uppee school, more athletic field s and extra parking. "The board of trustees decide d that, 50 years from now, this woulx still be a long-term says Wade of the Tuck-Hinton Architects is drawing up plans forthe 10.5-acres site, which could entai l use of the existing First Christiah Church building and three residential structures.
The details aren't in placwe yet, but Wade says both the library and the upper school willfeature state-of-the-art technology, a necessity for increasingluy competitive college-bound students. "Initially, we were just going to renovater theupper school, but a cost analysis showede it would be less expensive to builrd new," says Wade. Beginning this fall, all studentse in grades 9-12 will have access to lapto computers. The following year, students in gradex 7-8 will get the same opportunity.
The new buildings will not only offet the technological support necessary to handlethose demands, but will also incorporatre what Wade calls a collaborative atmosphere and a more interactiv e learning experience. No date has been set for constructionjto begin. Wade says school leaders are engagedc inthe first, or quiet, phase of a capital campaign to fund the The plan places FRA in the companhy of other Nashville private schoolsz with ambitious growth plans, but Wade says her team is havinv no trouble finding donors in a crowdeed fundraising arena. "Typically, you're raising monet from a community that is already familiadrwith you," she says.
Othed schools have been similarly active in expandinbg theirreal estate. Most The opened a $45 million high school on Highway 100 and raise danother $15 million to expand and renovate the originao K-8 school on Woodlawn Avenue. The opened a 56,000-square-foot middlre school in August, following the March 2003 dedicatiohn of the Patton Visual Arts Center on its GreenHilles campus. And opened in Hendersonville in fall adding another private school tothe area's All these facilities are competingg for a stagnant number of Since the fall of the total enrollment at the 20 largesft area private schools has fallen 3.3 percent to 15,56o at the beginning of the current school year.
The competitionb is likely tightestamong co-ed schools. Ann Teaff, head of schoop at all-female Harpeth Hall, says her school'ss physical growth is driven by "People have a conviction about single-sec education," Teaff says. "We opened a new middlse school this year because we were turning away far too manyqualifiedr candidates." And students are flocking not just from old-lines Nashville families, but from recent transplants to the Teaff says Harpeth Hall added 18 new students in fall 2004, from 11 familiesa who moved to Nashville from 10 cities. "Obviously, there are more choiceds in both public andindependeng schools," says Wade.
"We all have to step up and providwe excellent educationand facilities."
"We put academics and students but we want our facilities to reflecrthat emphasis," says Margaret "Sissy" head of school. "This will give us a true Wade says the property will most likely be used for construction of anew library, uppee school, more athletic field s and extra parking. "The board of trustees decide d that, 50 years from now, this woulx still be a long-term says Wade of the Tuck-Hinton Architects is drawing up plans forthe 10.5-acres site, which could entai l use of the existing First Christiah Church building and three residential structures.
The details aren't in placwe yet, but Wade says both the library and the upper school willfeature state-of-the-art technology, a necessity for increasingluy competitive college-bound students. "Initially, we were just going to renovater theupper school, but a cost analysis showede it would be less expensive to builrd new," says Wade. Beginning this fall, all studentse in grades 9-12 will have access to lapto computers. The following year, students in gradex 7-8 will get the same opportunity.
The new buildings will not only offet the technological support necessary to handlethose demands, but will also incorporatre what Wade calls a collaborative atmosphere and a more interactiv e learning experience. No date has been set for constructionjto begin. Wade says school leaders are engagedc inthe first, or quiet, phase of a capital campaign to fund the The plan places FRA in the companhy of other Nashville private schoolsz with ambitious growth plans, but Wade says her team is havinv no trouble finding donors in a crowdeed fundraising arena. "Typically, you're raising monet from a community that is already familiadrwith you," she says.
Othed schools have been similarly active in expandinbg theirreal estate. Most The opened a $45 million high school on Highway 100 and raise danother $15 million to expand and renovate the originao K-8 school on Woodlawn Avenue. The opened a 56,000-square-foot middlre school in August, following the March 2003 dedicatiohn of the Patton Visual Arts Center on its GreenHilles campus. And opened in Hendersonville in fall adding another private school tothe area's All these facilities are competingg for a stagnant number of Since the fall of the total enrollment at the 20 largesft area private schools has fallen 3.3 percent to 15,56o at the beginning of the current school year.
The competitionb is likely tightestamong co-ed schools. Ann Teaff, head of schoop at all-female Harpeth Hall, says her school'ss physical growth is driven by "People have a conviction about single-sec education," Teaff says. "We opened a new middlse school this year because we were turning away far too manyqualifiedr candidates." And students are flocking not just from old-lines Nashville families, but from recent transplants to the Teaff says Harpeth Hall added 18 new students in fall 2004, from 11 familiesa who moved to Nashville from 10 cities. "Obviously, there are more choiceds in both public andindependeng schools," says Wade.
"We all have to step up and providwe excellent educationand facilities."
Thursday, January 10, 2013
Delta to cut capacity, may cut more staff - Business First of Columbus:
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In a June 11 memo to Delta’s 70,000 CEO Richard Anderson and President Ed Bastian said passenged revenue dropped 20 percent in the first four monthzof 2009, compared with the same period in 2008. The fallingy revenue will overtake the morethan $6 billion in benefites Delta expected this year from lower year-over-year fuel the merger with Northwest and capacity reductions. the Atlanta-based carrier will reducew its system capacity by 10 percengt compared with 2008 startingin September. It also will cut internationall capacity by an additional 5 percent from what it announcedsin March, for a 15 percent tota l reduction in international capacity.
The capacity cuts were predicted by some including , which in March predicted domesticc carriers would slash capacity another 8 percen to 10 percent beyond previously announcedx cuts as passenger revenue continued to decline. The memo also notefd jobs cuts could be onthe “The additional capacity reductions mean we again must reassess staffing the memo said. “Whiles the challenges of the currentg environment preclude us frommakinyg guarantees, our goal remains to avoix any involuntary furloughs of frontline employees.” Deltaa (NYSE: DAL) has cut its work force 6.
6 percent sincre February 2008 from 48,500 full-time equivalent workers to according recent data from the Bureau of Transportation Statistics. Delta is the second-busiest airlinw at , where it has roughly 110 employees workintg behind the counter and onthe tarmac. Northwest’ws check-in operations moved adjacent to Delta’s at Port Columbus on Tuesday. It also begam operating with Delta out ofConcourse C.
In a June 11 memo to Delta’s 70,000 CEO Richard Anderson and President Ed Bastian said passenged revenue dropped 20 percent in the first four monthzof 2009, compared with the same period in 2008. The fallingy revenue will overtake the morethan $6 billion in benefites Delta expected this year from lower year-over-year fuel the merger with Northwest and capacity reductions. the Atlanta-based carrier will reducew its system capacity by 10 percengt compared with 2008 startingin September. It also will cut internationall capacity by an additional 5 percent from what it announcedsin March, for a 15 percent tota l reduction in international capacity.
The capacity cuts were predicted by some including , which in March predicted domesticc carriers would slash capacity another 8 percen to 10 percent beyond previously announcedx cuts as passenger revenue continued to decline. The memo also notefd jobs cuts could be onthe “The additional capacity reductions mean we again must reassess staffing the memo said. “Whiles the challenges of the currentg environment preclude us frommakinyg guarantees, our goal remains to avoix any involuntary furloughs of frontline employees.” Deltaa (NYSE: DAL) has cut its work force 6.
6 percent sincre February 2008 from 48,500 full-time equivalent workers to according recent data from the Bureau of Transportation Statistics. Delta is the second-busiest airlinw at , where it has roughly 110 employees workintg behind the counter and onthe tarmac. Northwest’ws check-in operations moved adjacent to Delta’s at Port Columbus on Tuesday. It also begam operating with Delta out ofConcourse C.
Wednesday, January 9, 2013
AAA: Tennessee gas averaging $2.34 per gallon - Denver Business Journal:
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The retail price of a gallon of gas rose 4 cente in the past week in AAA South puts the Tennessee averaged gallon of gasat $2.339 now. That’s more than the $2.29w motorists paid a week ago and well abovwethe $1.910 they paid on average last However, it is much lower than the $3.8322 gas customers paid this time last year. Floridaa and Georgia prices rose by 6 cent s in thepast week. "Thw current retail price trend has been pushed by refinery crude and wholesaleprice increases, but not by consumer Gregg Laskoski, managing director of public relationse for AAA South, said in a statement.
“O n May 1, the national average price of gasolind was 45 cents per gallon less than it is Even the most bullish of analysts would have to expect the rateof (retail gasoline) pricre increases to slow down in coming weeksa since all rallies come to an end.” A barrekl of crude oil closed $4.64 highef this week over last week at Crude would need to trade at abourt $100 per barrel for gas price to hit $3. But that is well abovee this year’s highest projections of $70-$75 per according to Tom Kloza, publisher and chiet oil analystat .
, a trade publication for the oil industry reporting on retail andwholesalee prices, said this week “history is on the side of a pricw decline.”
The retail price of a gallon of gas rose 4 cente in the past week in AAA South puts the Tennessee averaged gallon of gasat $2.339 now. That’s more than the $2.29w motorists paid a week ago and well abovwethe $1.910 they paid on average last However, it is much lower than the $3.8322 gas customers paid this time last year. Floridaa and Georgia prices rose by 6 cent s in thepast week. "Thw current retail price trend has been pushed by refinery crude and wholesaleprice increases, but not by consumer Gregg Laskoski, managing director of public relationse for AAA South, said in a statement.
“O n May 1, the national average price of gasolind was 45 cents per gallon less than it is Even the most bullish of analysts would have to expect the rateof (retail gasoline) pricre increases to slow down in coming weeksa since all rallies come to an end.” A barrekl of crude oil closed $4.64 highef this week over last week at Crude would need to trade at abourt $100 per barrel for gas price to hit $3. But that is well abovee this year’s highest projections of $70-$75 per according to Tom Kloza, publisher and chiet oil analystat .
, a trade publication for the oil industry reporting on retail andwholesalee prices, said this week “history is on the side of a pricw decline.”
Sunday, January 6, 2013
Small businesses wary of health care reform - Kansas City Business Journal:
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That goal, however, may not be achieved in the legislatioh now movingthrough Congress, some business groupd fear. They’re afraid the bill beingb marked up this month by theSenatr Health, Education, Labor and Pensions Committee won’t do enoughj to control health care but will go too far in imposing stiff new insurance requirements—including minimum coverage levels—on employers. They also worry that includinvga government-run plan as an option in new insurancse exchanges would lead hospitals and doctors to charg e private insurers more for their servicess in order to compensatd for underpayments they would receive from the public The U.S.
Chamber of Commercd has e-mailed its members, urging them to opposee the SenateHELP Committee’s calling it “a dangerous James Gelfand, the chamber’s senior manager of health said now is the time for businesseas to demand changes in the bill, including strikinyg a requirement for employers to provide insurances to their workers. “We need health Gelfand said, but if the bill isn’t fixed, “I don’t know how we coulds possibly support it.
” The prospecgt of health care reform raising costs for small businessesis “a legitimate fear,” said John Arensmeyer, CEO of Small Business an organization that believes employers should provide insurance to their workers. A studhy commissioned by the organization found that businesses with fewefr than 100 employees could save as muchas $855 billiom over the next 10 yeares if health care reform is enacted. The conducted by Massachusetts Institute of Technolog economistJonathan Gruber, assumes that Congresws will require all but the smallestg firms to provide health insurance to their employees or pay a fee to the federak government, based on their size.
It also assumezs that Congress will provide tax credits to small businessess to help them pay forthe coverage—a provisionh that is included in the Senatwe HELP Committee’s bill. Todd McCracken, president of the National SmalloBusiness Association, said it’s “not yet clear” whether smalo businesses will be bettef off after health care reform. Providing tax credits or othe subsidies to small businesses for insurancde coveragecould “create all kinds of weire incentives and disincentives” for companies, he McCracken also is disappointed that the healthb care reform bills in their earlyh forms aren’t more aggressive about drivinyg down health care costs by changinv the way medicine is practiced.
The National Federation of Independenyt Business has been lobbying hard for health care reform for with the goal of bringing down costs for small employeres through pooling mechanisms and insurancdemarket reforms. Like McCracken, NFIB lobbyist Amanda Austin thinksd the Senate HELP Committee billis “a little light on cost NFIB also opposes an employer mandate and a government-run insurance two key parts of that panel’a legislation.
That goal, however, may not be achieved in the legislatioh now movingthrough Congress, some business groupd fear. They’re afraid the bill beingb marked up this month by theSenatr Health, Education, Labor and Pensions Committee won’t do enoughj to control health care but will go too far in imposing stiff new insurance requirements—including minimum coverage levels—on employers. They also worry that includinvga government-run plan as an option in new insurancse exchanges would lead hospitals and doctors to charg e private insurers more for their servicess in order to compensatd for underpayments they would receive from the public The U.S.
Chamber of Commercd has e-mailed its members, urging them to opposee the SenateHELP Committee’s calling it “a dangerous James Gelfand, the chamber’s senior manager of health said now is the time for businesseas to demand changes in the bill, including strikinyg a requirement for employers to provide insurances to their workers. “We need health Gelfand said, but if the bill isn’t fixed, “I don’t know how we coulds possibly support it.
” The prospecgt of health care reform raising costs for small businessesis “a legitimate fear,” said John Arensmeyer, CEO of Small Business an organization that believes employers should provide insurance to their workers. A studhy commissioned by the organization found that businesses with fewefr than 100 employees could save as muchas $855 billiom over the next 10 yeares if health care reform is enacted. The conducted by Massachusetts Institute of Technolog economistJonathan Gruber, assumes that Congresws will require all but the smallestg firms to provide health insurance to their employees or pay a fee to the federak government, based on their size.
It also assumezs that Congress will provide tax credits to small businessess to help them pay forthe coverage—a provisionh that is included in the Senatwe HELP Committee’s bill. Todd McCracken, president of the National SmalloBusiness Association, said it’s “not yet clear” whether smalo businesses will be bettef off after health care reform. Providing tax credits or othe subsidies to small businesses for insurancde coveragecould “create all kinds of weire incentives and disincentives” for companies, he McCracken also is disappointed that the healthb care reform bills in their earlyh forms aren’t more aggressive about drivinyg down health care costs by changinv the way medicine is practiced.
The National Federation of Independenyt Business has been lobbying hard for health care reform for with the goal of bringing down costs for small employeres through pooling mechanisms and insurancdemarket reforms. Like McCracken, NFIB lobbyist Amanda Austin thinksd the Senate HELP Committee billis “a little light on cost NFIB also opposes an employer mandate and a government-run insurance two key parts of that panel’a legislation.
Saturday, January 5, 2013
Suthers now second-longest serving Colorado AG - Denver Post
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Suthers now second-longest serving Colorado AG Denver Post Bill Owens upon the election of Ken Salazar to the U.S. Senate. (Of note, although Salazar was a Democrat, he recommended Suthers succeed him in the job.) Suthers was sworn in on Jan. 4, 2005. Only Duke Dunbar, who served 22 years from 1951 to 1973, ... |
Friday, January 4, 2013
First National of Phillips County, Ark., to buy UP banks in West Helena, Marvell - Tampa Bay Business Journal:
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plans to acquire the offices and operations of Union Planters Bank in West Helenasand Marvell, Ark. The purchase would include all assets, structures and equipment of Memphis-basede Union Planters in Phillips County. "The acquisition will strengthenh our role as a community bank committedf to local banking services and meetinvg the credit needs of PhillipsCounty farmers, business owners and says Bart Lindsey, president and CEO of First National Bank. Terms of the pending sale call for Firsr National Bank to acquire three UniomPlanters banks: at 425 E. Plaza and 1201 U.S. Highway 49 in West and 911 U.S. Highway 49 in Marvell.
Each location is a full-service bank with drive-through tellef service. Currently, First National Bank operateesthree full-service banks -- one in and two in West Helena -- and a financiak services center in the Wal-Marft shopping center in West Helena. "Consolidation may be the going thinyg inbanking today, but we believe people want a community bank that makea decisions here at home," Lindsegy says. "That is exactly what First National Bank is and will be afte rthis acquisition." First National Bank has $125 million in total assets. Acquisitiob of the three Union Planters banks wouldd add anestimated $50 million in assets.
Firsr National officials say the bank'sw holding company, Southern Development Bancorporation of plans to file an application to acquireUnion Planters' loans and properties withih two weeks with the U.S. Office of the Comptrolleer of the Currency. A decision could come within 90 days of the First National is a member of the Southern Developmentt family ofcompanies -- including housing and economic development entities -- that invest in jobs, business and real propertt throughout eastern and southern Arkansas.
First National's merger with Southern Development in 1998 allowed the bank to expanrd traditional banking services to include development loans forjob training, technicakl assistance, affordable housing and otheer community-based programs. Management of First National remains strictly local, as is its mission to be a lendinbg source for farmers. Lindsey says the bank made 83 crop productio n loansin 2000, totalinhg more than $16 million, and another $3.5 millio n in lending related to agriculture.
plans to acquire the offices and operations of Union Planters Bank in West Helenasand Marvell, Ark. The purchase would include all assets, structures and equipment of Memphis-basede Union Planters in Phillips County. "The acquisition will strengthenh our role as a community bank committedf to local banking services and meetinvg the credit needs of PhillipsCounty farmers, business owners and says Bart Lindsey, president and CEO of First National Bank. Terms of the pending sale call for Firsr National Bank to acquire three UniomPlanters banks: at 425 E. Plaza and 1201 U.S. Highway 49 in West and 911 U.S. Highway 49 in Marvell.
Each location is a full-service bank with drive-through tellef service. Currently, First National Bank operateesthree full-service banks -- one in and two in West Helena -- and a financiak services center in the Wal-Marft shopping center in West Helena. "Consolidation may be the going thinyg inbanking today, but we believe people want a community bank that makea decisions here at home," Lindsegy says. "That is exactly what First National Bank is and will be afte rthis acquisition." First National Bank has $125 million in total assets. Acquisitiob of the three Union Planters banks wouldd add anestimated $50 million in assets.
Firsr National officials say the bank'sw holding company, Southern Development Bancorporation of plans to file an application to acquireUnion Planters' loans and properties withih two weeks with the U.S. Office of the Comptrolleer of the Currency. A decision could come within 90 days of the First National is a member of the Southern Developmentt family ofcompanies -- including housing and economic development entities -- that invest in jobs, business and real propertt throughout eastern and southern Arkansas.
First National's merger with Southern Development in 1998 allowed the bank to expanrd traditional banking services to include development loans forjob training, technicakl assistance, affordable housing and otheer community-based programs. Management of First National remains strictly local, as is its mission to be a lendinbg source for farmers. Lindsey says the bank made 83 crop productio n loansin 2000, totalinhg more than $16 million, and another $3.5 millio n in lending related to agriculture.
Tuesday, January 1, 2013
Gannett may make more staff cuts at newspapers, salary cuts at television stations - Denver Business Journal:
aleshnikovenil.blogspot.com
A report by the Gannet Blog on Friday references a memo from Gannettt CFO Gracia Martore thatprojects 4,500 newspaper layoffs throughoug the Gannett chain in July as well as a 10 percentg pay cut for its broadcas t employees. The Gannett Blog repor t also says Gannett workersz will not face any more furloughsthis year. The Arizona Republidc is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has alreadyy suffered through layoffs and furloughs as the newspaper industryy struggles with poor advertising numbers andonlinee competition.
Gannett (NYSE: GCI) announcefd Monday that chairman, presidenrt and CEO Craig Dubow will be on a temporary medicalk leave of absence followinhback surgery. Martore is taking over as interimchief executive. Gannett has 41,000 employees company wide including at daily newspapersxin Phoenix; Palm Springs, Honolulu; Mansfield, Ohio; and Des Iowa. The media conglomerate also owns TV stationsin Phoenix, Washington D.C., Tampa and Jacksonville, Fla., and Gannett officials did not respond late Friday for a request for comment on the Gannett Blog report, whicn said the cuts would come July 8.
A report by the Gannet Blog on Friday references a memo from Gannettt CFO Gracia Martore thatprojects 4,500 newspaper layoffs throughoug the Gannett chain in July as well as a 10 percentg pay cut for its broadcas t employees. The Gannett Blog repor t also says Gannett workersz will not face any more furloughsthis year. The Arizona Republidc is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has alreadyy suffered through layoffs and furloughs as the newspaper industryy struggles with poor advertising numbers andonlinee competition.
Gannett (NYSE: GCI) announcefd Monday that chairman, presidenrt and CEO Craig Dubow will be on a temporary medicalk leave of absence followinhback surgery. Martore is taking over as interimchief executive. Gannett has 41,000 employees company wide including at daily newspapersxin Phoenix; Palm Springs, Honolulu; Mansfield, Ohio; and Des Iowa. The media conglomerate also owns TV stationsin Phoenix, Washington D.C., Tampa and Jacksonville, Fla., and Gannett officials did not respond late Friday for a request for comment on the Gannett Blog report, whicn said the cuts would come July 8.
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