Monday, December 6, 2010

MMAC: Milwaukee-area economy still sluggish - Pacific Business News (Honolulu):

http://siamtrademark.com/publications/classification-3.html
Only three of 20 Apriol indicators registered improvementfrom year-ago levels, matchingf the number of upward-pointing indicators recorded in the MMAC said in its Economic Trendss report. "The employment situation continued to deteriorate with deepening job declines and unemployment indicators over doubler what they were oneyear ago," said Bret economic research director for the MMAC. "Bugt metro area existing homes sales rose for only the secondc time in nearly threew years giving some hopefor near-term improvement in a stagnant local housing and real estates market." Nonfarm employment in the metro area fell 4.
8 percent in Aprilk to 812,300, down from March’s 4.3 percent Employment levels have now declined comparef with year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industry sectors registerer April job gains compared with oneyear ago, while eightt registered declines. Unemployment indicatorzs for the metro area both measures more than twicetheir year-earlier The number of unemployed in metrko Milwaukee rose 117.6% against year-ago levels, to 70,300p compared with 32,300 in April 2008. new unemployment compensation claimw rose ata 104.
6 percent rate in April to 12,101, this indicator’z third consecutive year-over-year increase of 100 percentg or greater. On the positive existing homes sales for the metro arearose 5.6 percenf in April, the first year-over-year increase in this indicator in sevej months and only the second such gain in nearly threde years.

Friday, December 3, 2010

Facing Reality About Israel's Legitimacy - Jewish Times of Southern New Jersey

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Reuters


Facing Reality About Israel's Legitimacy

Jewish Times of Southern New Jersey


I hope  »

Wednesday, December 1, 2010

Sloan resigns from BofA board - Sacramento Business Journal:

http://providenceriweddings.com/tips/reception.html
Sloan offered his resignation to new board chairman Walter Masseytthis week, the bank said in a BofA didn’t disclose Sloan’s reason for resignation. 70, served as a BofA directore for13 years. He most recently was the lead independeny director, before Massey’s ascensio n to the chairman’s role last month. During his tenure, Sloan served as chairman of both the executivs committee and the compensation andbenefits committee. He also was a member of the corporatdegovernance committee. “Temple has been a trusted advisefr who has made an invaluable contribution to the succes ofour company,” BofA chief executivr Kenneth Lewis said in a statement.
“Wde will miss his counsel and his leadership.” Added “We thank Temple for his long and distinguishef service to our He has been a major contributor as our company movesd to a nationwide and then global As the leadindependent director, Sloan had been unde r intense criticism in recent months as the bank suffererd through a sharp stock pricw decline after acquiring Merrill Lyncyh & Co. BofA also has received $45 billionj of taxpayer aid. Sloan was narrowlyy re-elected to the bank’s board in April. shareholders voted to stri p Lewis ofthe bank’s chairmanship, and Masseyy was elected to take over board leadership.
Lewis remains the bank’s CEO and BofA (NYSE: BAC) is based in Charlotte, N.C. Sloan remainsd on the board of Lowe’sz Cos. Inc. (NYSE: based in Mooresville, N.C.

Sunday, November 28, 2010

Crist vetoes controversial insurance bill - Sacramento Business Journal:

http://www.saturnautoclub.com/why-does-my-92-sl-2-serge
“We really don’t have a choice but to continue with our plan to discontinus our property insurance coveragein Florida,” said State Farm spokesmabn Michael Connolly. Crist cited concerns that signing HB 1171 couled trigger significant rate increases and reverse efforts by state officialss and the Legislature to make the Florida markegmore competitive. Proponents of the legislation called itthe “Consumer Choice” bill.
Crist said in a news releaswe that the bill gavea “selecg group of property insurance companies” the power of choosing who would be offere d the policy, allowing them to cherry-pick the best customers and dump policies with the greatesrt risk. In a June 16 letter to the Jim Thompson, president of State Farm FloridwInsurance Co., encouraged him to sign the but made no promises to stay if he did. Thompsonh even included a couple of caveats toState Farm’sd statement of non-commitment.
“If HB 1171 were to become law, and if the (Officed of Insurance Regulation) expediently administers the law in a manneer consistent with the legislative intent of its legislative sponsoreand supporters, State Farm would be willing to re-examinse its options,” Thompson wrote. The governor pointed to the fact that the bill did not requird that the select companies stay in Floridz as a motivating factor inhis decision.
“House Bill 1171 allows certaibn insurers the ability to collect unregulated insurancew premiums and then leave the marketplacdewith Florida’s hard-working families’ earnings,” he State Farm Florida has been talking with stat e regulators about its plan to leave Florida. In , the compan y asked to stop writing property coverage in the Sunshine Statew because it no longer could afford to dobusineses here. Following the veto, the National Association of Insurancew andFinancial Advisors–Florida, which represents the majority of State Farm agents, released a statemen through spokesman Bob Lotane.
“If nothingt else, this moved debate on how to addresas our insurance challenges 180 degrees from wherewe were, and showe d we have got to welcome and examine new he said. Ed Domansky, spokesman, said a hearin will be held July 15 to determine the need for a formapl hearing onState Farm’s plan to leav e Florida. Click to read the plan. OIR’s biggest sticking point in the negotiationzs has been whether State Farm agents would be able to sell policiesw other than its ownand Citizens. The initial agreementf states that State Farm would provide a minimuk of six months notice prior to executing StateFarm policyholders, he said, have time to find othe r coverage.
“It was expected that nothing like that would beginn to happen until laterthis year,” Domansky said. “I suspect nothing would take place for anothedr sixmonths out.” Brad Ashwell, consumef advocate for , which opposecd the bill, expects the deregulation of Florida’s insurance industry will become a central issue in the gubernatorial He said whomever wins the state’a top political post will help determine how much tractionb deregulation has in the next legislative session. Ashwel added that his group is ecstatic withthe governor’ decision. “We couldn’t be more happy,” he said. “We are glad he stoord up for consumers.
” Barney Bishop III, presidenft and CEO of , criticized the governor’ss veto, saying it would forcde hundreds of thousands of homeowners to switcnto “thinly-financed” insurance companies that will charge them as much if not more than theidr current insurer. He gave no evidencew for the assertions. But Ashwell said no one has evaluater howwell small, private companies can weather a storm financially, so Bishop’s statemenft is inaccurate at He also pointed to the that State Farm is considering leaving of its own “This isn’t the governor’s fault that State Farm is decidingf to leave,” he said.
“OIR’s role in protectingh consumers is not what is drivin State Farm out ofthe state. [Stat e Farm] has a choice.” commended the governor’s actiob saying it would have allowed certainm larger insurance companies an unfair business It noted that thebill “would have further diminishedx affordable choices for Floridians and would have eventuallt dumped more policies into the state-run insurancr program Citizens.
"

Friday, November 26, 2010

Healthy Crop's Image Problem Gets a Makeover - Voice of America

borislavamcoc.blogspot.com


New York Times


Healthy Crop's Image Problem Gets a Makeover

Voice of America


It's seen as a crop of the poor." Low says sweet potatoes are mainly grown by poor women because they can rely on the vegetable to feed their families if ...


Bless the Orange Sweet Potato

New York Times


 »

Tuesday, November 23, 2010

Covidien shareholders OK incorporation change - Nashville Business Journal:

vasilisaxavymar.blogspot.com
The company pointed to the “possible adoption of varioues legislative and regulatory proposals in theUnite States” including “proposals introduced in the U.S. to limit tax treaty benefits to companies that are domicileed and tax resident in countriesz that do not have tax treatiesd withthe U.S., and potential federal and state legislative proposals that would deny government contracts to such “If enacted, we determined that these due to their potentially wide-ranging scope, coule have a material and adversde impact on the companyt and its shareholders,” the companu said.
Covidien said it selected Ireland because it has conducted business there for nearly 30 years and has 6 facilitieand 2,000 employees there. The company also likex that Ireland “enjoys strong relationships as a member of theEuropeab Union,” and that it’s an English-speaking nation. Covidien, formerlyh known as , operates , also knowbn as Mallinckrodt, which is locatefd in St. Louis and providee medical imaging technologyand pharmaceuticals. It was spun off from in 2007. With 2008 revenue of nearly $10 Covidien has 1,500 employees in St. more than 2,500 in Missouri and more than 41,0090 employees worldwide.

Monday, November 22, 2010

Colorado indicts 2 in alleged multimillion-dollar Ponzi scheme - Denver Business Journal:

http://www.faq-all.com/?id=866792
Named in the indictment are JasonTrevor Brooks, 30, on 24 countzs of securities fraud and theft, and Donaldr Scott Carew, 37, on three counts of securitiews fraud. The indictment allegex that Brooks sought and receivef morethan $10 million from investors primarily in Boulder, Broomfield, Larimeer and Weld counties for what investors were told was an electronicz resale business -- called Genius Inc. and othee names -- between 2005 and 2008. Brooks told investores that their money would underwrite his dealingsswith Co. Ltd. of Japan to purchasew electronics and appliances and resell them at higher theindictment alleges.
Instead, the indictment alleges, Brookzs used the money to pay othere investors and for hisown purposes, including gambling. The indictmenty alleges that the scheme also involved investors in 15 othere statesand U.S. territories. Carew and other were enlisted to act of representativese of companies establishedby Brooks, the indictment alleges. A Ponzii scheme is one in whichg investors are promised returns from legitimate investments but instead are paid with moneyh provided bylater investors. "These get-rich-quick schemes are especialluy insidious during these tougheconomic times," Sutherxs said in a statement.
"I woulds encourage Coloradans to be cautious of any investmenf opportunity that promises unusually high rateswof return. If an investment opportunity sounds too good to be itprobably is." Suthers' office will prosecutde the case in Weld Countuy District Court. .