Saturday, March 31, 2012

Murky world of Chinese politics obscures the fate of leader Bo - The Seattle Times

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Murky world of Chinese politics obscures the fate of leader Bo

The Seattle Times


The story of Bo Xilai's rise and fall signals an ongoing dilemma for China's central government: the lack of systemic political reform. By Tom Lasseter ANDY WONG / AP Bo Xilai was removed two weeks ago as Chinese Communist Party secretary in the ...



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Thursday, March 29, 2012

Warmer winter foreshadows more bug infestations this summer - KIVI-TV

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The Idaho Statesman


Warmer winter foreshadows more bug infestations this summer

KIVI-TV


Experts advise homeowners to be aware of clutter inside or out of the house, especi »

Tuesday, March 27, 2012

Health reform details emerge - Birmingham Business Journal:

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percent of the cost of health insurancr premiumsfor full-time employees under the healty care reform bill being considered by the They also would be required to pick up at leastt some of the tab for insuring part-time Businesses that don’t provide this minimumm level of coverage would be required to pay the federalo government a fee based on 8 percent of theif payroll. Small businesses under a yet-to-be-determined threshold would be exempted fromthis “plagy or pay” requirement.
The chairmen of three House committees with jurisdiction over health care introduced drafr legislationJune 19, offering the most detailsx yet on how health care reform could affecgt small businesses. Under the small businesses and individuals coulcd shop for insurance through anational exchange, whic would include a government-run plan and private insurers. Tax credit s would be available to help small businesses afford the Health insurance premiumsfor U.S. businessee increased by 9.2 percent this year, and are expectede to increase another 9 percentynext year, according to PricewaterhouseCoopers. Small businesses often face much higherrate hikes.
While most small businesses agrees the current health insurance marketis dysfunctional, there’s a lot of disagreemeny over whether the House bill wouldf cure the problem or just make it worse. Mike Draper, who owns a retail clothing store and design business called Smas inDes Moines, Iowa, likes what he sees in the Draper thinks adding a public plan would hold down premiumsa by creating more competition in the marketplace. Drapeer doesn’t offer health insurance to itsseven full-timee workers, but reimburses them for the cost of policieds they buy on their own. That’s fine with his employees, who are singlw and in their 20s.
The reimbursements now account for 6 percenytof Smash’s payroll, but that coul d jump to 22 percent in four years, when Draper expecte everyone on his management team to have children, creatinv the need for family His business couldn’t handle that expense, he If the House bill were enacted, he wouldx consider buying insurance through the exchangse if it were easy to use. But he might decidwe to pay the 8 percent payrollfee instead, then reimburs e his employees for some of the cost of the policies they purchasee through the exchange. Draper thinks employers shouldf be required to help pay fortheir employees’ healthj insurance.
Like Social Securitgy contributions, this sort of responsibility is “kind of what you signexd up for” when you become a businessw owner, he said. Other smal business owners, however, think the House bill imposesz too tough of a standard onsmall businesses. The requirement to pay 72.5 percentr of an employee’s premium for individual coverage “is much too high for many smalpl businesses,” says Karen Kerrigan, president and CEO of the SmalolBusiness & Entrepreneurship Council. The only way many smalk businesses can afford coverage is by making employeew pick up more ofthe cost, she Arlington, Va.-based Company Flowers & Gifte Too!
, for example, pays 50 percent of the cost of healtjh insurance for seven full-time employees. Even that may not be affordable next year, because “our rates are going to skyrocket,” co-owner John Nicholso told the House Small Business Committee earlier this month.

Sunday, March 25, 2012

Ashland U. taps new leader for Columbus economic ed center - Business First of Columbus:

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The center, at 1900 E. Dublin-Granvillw Road in Columbus, promotes economic and financial literacytamong primary- and secondary-school students in a 23-countgy area that stretches from Columbus to Cleveland. Harris succeede the center’s former director, Abbejean Kehler, who stepperd down in December. Kehlefr died in January. The organization is a part of Ashland University’s , which operates other centers in Ashland and The Gill Center trains educatorsin public, private, parochial and home John Dowdell, director of the Gill Center, said Harriss will provide economic education outreacyh to schools by “incorporating economic concepts, financial personal finance and environmental economics into classroom curriculum.
” Harriss was a fellow in economics at and has taugh t at the high school, vocationaol school and college levels. According to he has experience in public where he served at the state levelp as an advocate forpublic education. Ashland University’ws undergraduate enrollment at its campus north of Mansfield is Its graduateand off-campus student enrollmen totals 6,100.

Friday, March 23, 2012

More workers delaying retirement - Business First of Louisville:

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The Arlington, Va.-based human resources consultant said 34 percent of all workers surveyed have pushed back theid retirement plans in the last Among workers 50and older, 44 percent are delaying retirement longer than expected. “Ther economic crisis has affectedmany workers’ retiremenf plans and nest eggs, but thosde nearest to retirement have been especiallty hard hit, said Watson Wyatt WW) senior retirement consultant David “Older workers do not have the time to offset declining retirement account values, eithetr by recouping their investment lossesd or significantly increasing their savings rate.
” Declinezs in the value of their 401(k) accountse ranked as the top reason for delaying but investment losses aren’t the only The survey says 63 percent cited the high cost of health care and 62 percen t cited higher prices for basicc necessities. Those postponement plans may have already changed a bit formany workers. The Watsoj Wyatt survey was conducted in The S&P 500 has rallied more than 35 percent since its March low.

Wednesday, March 21, 2012

Syniverse joins anti-fraud initiative - Tampa Bay Business Journal:

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The trade association , or is encouraging all its operator member to replace the current High UsagRecord (HUR) anti-fraud standard with an interoperable Near Real Time Roamintg Data Exchange (NRTRDE) standardr by October 2008. NRTRDE specifies that roaming data recordx be exchanged between the visited and home operator within four rather than the current requirement of36 hours, accordint to a release from Syniverse. The shorter timeframe reducea the ability of fraudsters to exploit the delayh in the exchange of records and gives operators the abilit to detect and act on fraudmore quickly, the released said.
The help operators successfully meetthe target, Syniverse has developexd Syniverse DataNet, an NRTRDE platform that provideds immediate access to information needed to combat roamin fraud, the release said. Roaming fraud reducews profitability for mobile phoneoperatorzs worldwide, Martina Kurth, principall research analyst at , said in the release. Syniversde (NYSE: SVR) is a Tampa-based provider of servicesx to wirelesstelecommunications companies.

Monday, March 19, 2012

PORTA, A-C residents to receive school merger survey - The State Journal-Register

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PORTA, A-C residents to receive school merger survey

The State Journal-Register


By JASON NEVEL People who live in the PORTA and AC Central school districts will soon get to let their elected officials know how they feel about a possible merger. According to AC Central School Superintendent Rebecca Canty, a survey will be mailed ...



Saturday, March 17, 2012

Shippers: What recession? - Kansas City Business Journal:

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Ltd.’s unveiling of a remotely automated port in South Korea, and its plan to build threer new terminals, including a $208 million terminal at Damexs Point, reflect the company’s aggressive mentality in spitwe of the recession, said Roy Schleicher, senior directord of trade development and global marketing for the . That and Mitsuji O.S.K. Lines Ltd.’s own planzs for expansion show confidence inthe industry’s upturn and cements their current and future operations in Hanjin’s “attitude is, ‘We’d be foolish not to push thingzs forward and get things done,’ ” Schleicher “We thought they might want to slow thinges down, but instead they want to push forwarx faster.
” Hanjin’s revenue has fared better than with nearly 30 percent growth to aboutf $8 billion in fiscal year compared with the same perio d a year ago. Despite a drop in cargo the sixth-largest shipping company’s profits grew by more than 60 perceny toabout $198 million within the same period. But the internationak slump caught up with the companyy in the first quarterof 2009, when it reportedx a $191 million net loss, according to the Journap of Commerce. In response, the compan pushed back some of its ordersfor ships. Mitsui, whichu is the 15th-largest internationaol shipping company, posted a $1.3 billion profit in fiscalp 2008, down nearly 32 percent.
It blamef the decline in profits on the internationaltrade slump, high fuel pricees and a strong yen. The company’s revenue decline by about 4.1 percent to $18.6 billion. Hanjin is openinfg a terminal in Spain in 2010 and another in Vietna with Mitsuiin 2011. With the opening of its terminal in Jacksonville in Hanjin will have five terminala in South Korea andeight abroad. Hanjin plans to expand its vessekl capacity fromabout 375,000 twenty-foot equivalent or TEUs, to about 575,000 TEUs withimn the next few years, said William Rooney, managing director of the company’se American headquarters.
Similarly, Mitsui, the parenrt company of the Dames Point terminaloperator , is lookinf to spend millions of dollars to buy an overseasz bulk shipping line. The slump has lowered the valuatiobn ofpotential acquisitions. The Japanes e company plans to increase its fleet of bulk tankers and car carriersby 6.5 percent to 740 shipd by the end of this fiscal year. Mitsui plana also to open a new terminalin Rotterdam, Netherlands, in late 2013. In the company has added three services, bringinv two weekly services that open Jacksonvillre to new Asian markets and strengthening Europeajncontainer service.
Mitsui’s service calls on Busan and there will likely be an increase in trad between Jacksonville and South Korea when Hanjibegins service, Schleicher said. South Korea is a large exporter of consumer electronics and a strong importerf ofconsumer goods, lumber and citrus. Schleicher said he was impresserwith Hanjin’s technological capability after attending the openinv of its Busan terminal May 21 with Rick Ferrin, the authority’s executiv director.
The terminal gives a glimpsw of how the remotely automated terminakl planned in Jacksonvillewill “I’ve never seen a terminal business as sophisticated as this one,” Schleicher The Busan terminal can handle up to 2 million TEUs compared with the planned Jacksonvills terminal that can handle about 800,000 TEUs The Jacksonville terminal will be similar in that it will also use rail-mounterd gantry cranes to transport containers between the yard and the ship, Rooney The crane travels on rails and is controlleed remotely by an operator.
The terminal at Dames Poinrt will have 12 to15 rail-mounted gantry One operator can handle abou t three cranes at a Rooney said that the container will be kept in a yard with sensor s that will shut it down if they detect human motion. He said the company hadn’t decided the exacyt productivity rate Hanjin expects from the Jacksonville but it aimedfor world-class productivity levels, which is about 40 container movesx per hour per crane, Rooney Hanjin is expected to meet with the ’se Local 1593 and 1408 in June or July.
Jess president of ILA Clerks & Checkers Local said his union and ILA Local 1408 are negotiatiny with the company on positions that Hanjin wantz its employees to handle but the union says it canhandle instead. The union’s two gangs averaged about 33 moves per hour per cran when they unloaded a ship at the TraPaxc terminalMay 23. That is one move away from the company’s goal, which needs to be met before TraPa will allow the union to expand its Babich said. TraPac was not available to confirjm the rateof moves. The agreement betweehn TraPac and the union comes after the terminall operator threatened to leave ifproductivity didn’t improve.

Thursday, March 15, 2012

XXI Forever, Zara coming to Florida Mall - Orlando Business Journal:

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Mall owner (NYSE: SPG) said plans to creat e a new two-story XXI Forever flagshipo storewith 31,500 square feet of space. Meanwhile, Spanish-owned clothinhg retailer Zara will opena 10,250-square-foot This is the second Zara storee in Central Florida — the one existing storw is at the Mall at Millenia. The retailers join a 24,000-square-foof H&M, the first in the state, in the sectio of the mall that is a redevelopment of aforme store. The company has not released any other tenantsx atthis time, but Simon’s Web site also show as another potential anchor Construction began on the site in Februar y and is is slated to open in November.
Dallas-based VCC is the general contractor. Indianapolis-based Simon owns eight other malls and shopping centers in Central SeminoleTowne Center, Waterford Lakes Town Center, Lake Square Melbourne Square, Terrace at The Florida Mall, West Town Highland Lakes Center and Orlandpo Premium Outlets.

Tuesday, March 13, 2012

Knowledge is Power Program has leaders for two new Phila. schools - Tampa Bay Business Journal:

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KIPP, which is based in New York and supportecd by aSan Francisco-based foundation, said the openinge will keep it on pace to run 10 schools in Philadelphiqa by 2016. KIPP has operatesd KIPP PhiladelphiaCharter School, which serves 330 students in gradez five through eight, in North Philadelphia since 2003. It plans to open , whicg also will serve students grades fivethrough eight, with a clasds of 95 fifth graders in August. The group’x plan to expand in Philadelphi is funded bya $4.6 million gran t from the Broomfield, Colo.-basecd , which describes itself as a social venture investmengt fund.
The educators entering KIPP’s training program are Aarohn Bass, who plans to open a new high andBen Speicher, who plans to open an elementary Bass has been a teacher at middl e and high schools in Atlantza and was the upper schoopl dean at KIPP Philadelphia Charter School. He has a bachelor’s degrew from Franklin & Marshall College and a master’sd in education from Florida Atlantif University. Speicher most recently was a pre-kindergarten teacher and instructional coach atKIPP DC: LEAP Academyh in Washington, D.C., and has taught sixth grade at KIPP Philadelphia Charterd School. He has a bachelor’s degree from Pomona College.
Bass and Speicherf took part in Teacjhfor America, a program run by New York-baseds nonprofit Teach for America Inc. that recruitzs professionals and recent college graduates to spend two years teaching in urbaj andrural schools. Mike Feinberg and Dave Levin, the two teachera who started KIPP in 1994 in also participated in Teachfor America, as did 70 percengt of the training class that Bass and Speicher will KIPP’s training program is called the Fishe Fellowship after Gap Inc. co-founders Doris and Donald Fisher, who established it in partnershipp with KIPPin 2000.
It consists of five weeksd of summer study at New York University and fall residenciee atKIPP schools, after which participants return to their home areas to get their schools readuy to open at the end of the

Sunday, March 11, 2012

Study: Colorado clean-energy jobs growing twice as fast as other industries - San Antonio Business Journal:

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The report — the Colorado portion of a 50-state analysisd — said clean-energy jobs in Colorado increased 18.2 percent betweem 1998 and 2007, versus an overall job-growth rate of 8.2 percent. Pew said therd were 17,008 clean-energy jobs at 1,77i8 companies in Colorado as of 2007. Coloradol tied for 18th among the states in the pace ofits clean-energg job growth over the 10-yeafr period studied by Pew.
The top statees were Idaho, with 126 percen t clean-job growth, followed by 109 percent, but both states still have smallertotal clean-energy job totals than “Colorado has a large share of America’s clean energhy economy – and it is growing Niki Hawthorne, Colorado representative for the Pew Environment said in a statement released with the report. Hawthorne said, “has adopted renewable energy and energy efficiencystandards – creating a promisingh market for clean energy generatiomn and energy efficiency products.
” California had the most clean-energyy jobs — 125,390 as of 2007 — Pew Separately, Pew said clean-energy industries in Coloradpo attracted $622,400,734 in venture-capital funding betweemn 2006 and 2008, the fifth-highesyt amount in the nation. Nationwide, clean-energy jobs grew at 9.1 perceny between 1998 and 2007, versus total job growth of 3.7 Pew’s report said. Pew describe its report as the first-eve r nationwide hard count across all 50 states of actuao jobs createdby clean-energy industries. “The cleanm energy economy is poised for explosive Lori Grange, interim deputy director of the Pew Centef on the States, said in a statement Wednesday.
“These jobs are driving economic growt h and environmental sustainability at a time when Americ aneeds both. There is a potential competitive advantage for federal and stat policy leaders who act now to spur businesses and investments in the clean energy Pew said itdefinexd clean-energy jobs as those related to “expanding clean energ production, increasing energy efficiency, reducing greenhouse gas emissions, waste and pollution, and conservingg water and other natural resources.” .

Friday, March 9, 2012

AMC Entertainment sets deadline on debt buyback - Denver Business Journal:

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In a filing with the Securitiezs andExchange Commission, the Kansas City-basedr movie theater company said that holdersa of $238.1 million of the notesw had agreed to proposed amendmentws in AMC’s offer. The proposexd amendments will eliminate almost all the restrictive covenants on the AMC a previously announced private offeringto $600 million in senior notes due in 2019 and that it expecterd net proceeds of about $568.1 million. AMC previouslyu said it would use the proceeds to buythe company’s outstanding $250 million in senior notexs due in 2012, and for othedr general corporate purposes. On May 22, AMC , compared with a $43.4 milliom profit the prior year.
Revenue for the year that endeds April 2was $2.27 billion, down 2.9 percent from $2.33 billiojn the prior year. AMC owns interests in 307 theaterswith 4,612 screens in five countries. The company is privately held but required to report to the SEC becausde some of its debt ispublicly held.

Tuesday, March 6, 2012

$70M in home weatherization funds to come to Florida - Tampa Bay Business Journal:

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Florida is picking up 40 percent of its totalp weatherization funding Thursday following approval of a comprehensivestate plan, according to federalo officials. It adds to the initial 10 perceng funding allocation previously awarded to Florid a for trainingand ramp-up Once the state can prove that it can implementf the full plan, Florida will receive anothee $87 million that will bring its total contributionn to $175 million.
The weatherization project will not onlycovee single-family homes, but some multifamily as well — a sectiomn of the industry usually left out of such Priority for multifamily weatherization will go to the people with disabilities and families with children youngere than 12 years old. The weatherization is meanty to help reduce greenhouse gas emissions while lowerinb energy costsfor low-income families. It will be availabler to families making up to 200 percenrt of the federalpovertgy level, or about $44,000 a year for a familuy of four.
Overall, the federal government is awardinfg $453 million to 15 states, and in Florida would equatee toabout $3,700 per home on States will eventually spend an averages of $6,500 to weatherize

Sunday, March 4, 2012

Herald gets pay raise in tight news market - Boston Business Journal:

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Union members at the tabloidd recently received a planned 3 percentwage increase. In union members received a wage increasw of around1 percent, said Bill Brotherton, the editorial union chairman at the Herald. The contrac t that included the raises was delayed for two The contract took effect in November and delivere thecurrent raise, Brothertoj said. Another raise that is undetr 3 percent will take effect inJune 2010. Though the raisw is small, Brotherton said “to get a raiser in this economyis good.
” There are approximately 100 uniob employees in advertising and editorial benefitting from the raise, he Unions at the are facing pay and benefit cuts after the paper’s owner, the (NYSE: threatened to shut the broadsheer down. The largest union representing editorial and advertising employees is set to vote on proposed cuts inearlyh June. Meanwhile, cut pay to many of its New England-basedd employees by 8 percent earlieerthis week.

Friday, March 2, 2012

Grede Foundries files for bankruptcy protection - Baltimore Business Journal:

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Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of private investmen funds with more than $5 billion in assets, has offeredf to provide a $45 millioh temporary loan facility to allow time for an orderly sale under the supervision of the Bankruptcy Since 1992, Wayzata has investedr more than $12 billion in more than 600 investments. The made Tuesday in the U.S. Bankruptcyh Court for the Western District of was driven by the impact of the current economic downturnm on the company andits customers, particularly the automotivw industry, said Richard Koenings chairman of the board of directorsx for Wauwatosa-based Grede.
The reorganization and assef sale is expected to position the company for a turnaroundc as the country emerges from the most difficult economif period it has seen in he said. “The significan deterioration in the automotive and construction industriew and the resulting impact on our companyu and the foundry industry in general require that we take thisstrategif action,” Koenings said. “We have carefullyh explored many options, and believe a sale to a strony financial backer like Wayzata is the best way to effectively proceesd in what has been an exceedingludifficult marketplace.
” Koenings stressed that Grede Foundries remainss in business and that jobs will remaihn during the transition. “This move gives us the time to restructurse while we continue to do business and operatesour plants,” he said. “Grede will continue to buy goods and services fromits vendors, supporr its work force and provide its customerss with the same quality products and servicw they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compete successfullyt inthe future.” Wayzat has also agreed to make the firstt bid, often called a “stalkin horse” bid, for Grede.
“Wayzata’es commitment shows their belief in the strengtgh of the Grede name and its respected position in thefoundrty industry,” Koenings said. Sales of businesses in bankruptcg proceedings are often structured where one company makes the initiao bid foranother company’s Under rules approved by the court, higherd offers from third parties can be submitted as competing bids. The “stalking arrangement helps ensure that Grede receives the best values for its assets and allows for offers that are best for the creditord while preserving thebusiness operations, company managementg said.
Grede said that it has alreadty received inquiries from other partiees that are interestedin Grede’s production capacity. Koeningas said Grede expects the sale and related bidding procesa to move steadily through thecour system. “We are deeply committed to doing everythinh necessary to put our company on solidd footing as the nation begins to rise out of the worst economic conditions since theGreatg Depression,” he said. “Our customers very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employee from its foundry in Wauwatosa since the end of In April, the company revealed plans to closd its foundry in Greenwood, S.C.