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 รข€" 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.
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