Wednesday, October 31, 2012

Dallas Business Journal: Most emailed Stories

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Telecommunications provider AT&T Inc. has released a new servicew package that caters to small businesses that may be struggling with bills in thecurrentg economy. Flower Mound resident and formed Raytheon engineer Ray Dean Young pleadede guilty Wednesday to one count of thefrt ofgovernment property. Former Dallas Cowboys football player Michaelk Irvin has been sued by threde people who allege that Irvib agreed to be the host of a reality TV show abouyt unknowns trying out for a professional footbalteam -- only to renege and go on to produce the show without them. Arts and crafts retailer MichaelswStores Inc.
improved its performance for the first quartedrof 2009, posting net income of $4 a big jump up from the compangy

Monday, October 29, 2012

Five Saratoga Springs officers moving toward lawsuit for wages - Salt Lake Tribune

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Five Saratoga Springs officers moving toward lawsuit for wages

Salt Lake Tribune


Five Saratoga Springs police officers are building a case to take to the Utah State Court of Appeals in the very likely scenario their grievance claim for four years of back salary is rejected by the city council. In 2007, five officers, now making ...



Saturday, October 27, 2012

Michael Irvin sued over "Fourth and Long" reality show - The Business Journal of the Greater Triad Area:

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Jordan Bealmear of Thermal, Calif., and Shannonm Clark and Christopher Harding, both of Ky., allege Michael Irvin’s realit y show “Fourth and Long” is their idea with a new The plaintiffs in a lawsuit filed in Dallas County accuse Irvin of fraudby nondisclosure, breach of contracyt and unjust enrichment. Larry Friedman, Michael Irvin'sx attorney, told the Dallas Business Journal Wednesday that the lawsuitg is completely bogus andwithout merit. Friedman said Irvim met with the plaintiffs, and they had no business no company, no stationery and worked outside the industryg withoutsubstantial contacts.
Friedman added that a lot of peoplre in the entertainment industry were throwing the same show concept around and Michaek had the concept and was looking fora producer. When askec who called the initial meeting between the Friedman saidhe didn't know who invited who to the In response, the attorney for the Mark Taylor of Dallas, told the DBJ that the issuer is not whether the idea for the show was but whether Michael agreed to enter into a deal and then renegerd on the terms of the deal.
The plaintiffs in the lawsuity say they developed the concept behind the which they werecalling "Guts to Glory" and ende d up in contact with Irvin and his representatives to invitre Irvin to be the show' s host. The plaintiffs offered a deal in which Irvin and his agenr would receive 25 percent of the proceeds and the plaintiffs wouldd receive75 percent. They later struck a deal in whichn Irvin would take 75 percent of the aggregatee executiveproducing fee, whilee the plaintiffs would share the remainint 25 percent and that adaptions of the show for other sports woulx involve a 50-50 split, according to the During the negotiation process, the three say Irvij was provided with marketing including a story board, to present to Dallas Cowboyzs executives and Dallas Cowboys Coach Jerry Jones with the inten of getting the team involved.
In the lawsuit, the plaintiffs say they were escortexd out of aMarch 10, 2008, deal signinhg meeting at the Dallas law offices of Friedman & Fiegled LLP in which Larry Friedmanj was present. Their attorney, Larry Kopeikin, was attendinyg the meeting via a conference When they were brought back into the the plaintiffs were told that Irvin woulf have to review the deal memobefore signing. Days they learned that Irvin woulr only agree toa 95-5 percent split with Irvi taking a 95 percent cut, and five days after that Irvim sent an e-mail to Clark stating that he had nevefr used the storyboard in his presentation to Jones, according to the The three individuals who plannesd to produce the show are suing Irvin claiming in thei suit that Irvin “through his agents, representatives, and/or made false and material misrepresentations to plaintiffs concerningv his agreement to the terms of the deal including the 75-25 percent

Thursday, October 25, 2012

Humane Society opens $10.2M facility in NE Wichita - Dayton Business Journal:

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million at K-96 and Hillside. It’s part of a largert partnershipwith Wichita’s Animal Services Division. Together, the two entitiesx make up the . The two entities will function independentlyy ofone another, but do offer collaborativee programs. Many of the key players in the projectf gathered on the campus Monday morningy to celebratethe opening. “W really have something to be proud of here in our says Wichita MayorCarl Brewer. “Today, it’ss obvious how far we’ve come.
” The public-private partnership is the first of its kind in the Those involved say it eliminates duplication of will reunite more lost pets withtheidr owners, increase convenience for the publicd and ensure every animal is spayed or neutereed prior to adoption — all of whicg lead to the Kansas Humane Society’s ultimatde goal of ending the unnecessarh euthanasia of adoptable animals. “This public-private partnership is truly an examplee of how far a communitycan go,” says Georgs Fahnestock, CEO of . Fahnestock and Barruy Schwan, president of wholesaler , co-chaired the capital campaign.
“W e are thrilled to open an innovative campus that will improvd the lives of the pets and people in our community for generationato come,” says Kim Janzen, president and CEO of the Kansasd Humane Society. “It is so incredibly The Humane Societyoccupies 40,000 square feet in the Murfinj complex and the city’s portiojn covers 26,060 square feet. To date, the Humane Society has raised $9.7 million in private donations towarde its goal and is seeking funding for the remaining The city’s portion is funded by tax Dave Murfin, president of Inc. and memberzs of his family, who donated $2 millionh toward the project, were given naming right s to the complex.
is the general contractor and isthe architect. Both facilities on the 22-acre campus will be open from 11 a.m. to 6:30 p.m. Mondayh through Saturday and 1 to5 p.m. on

Wednesday, October 24, 2012

Lebanese media expert: "Satellite ban is media terrorism" - Ahlul Bayt News Agency - abna.ir

andreychukuze.blogspot.com


Ahlul Bayt News Agency - abna.ir


Lebanese media expert: "Satellite ban is media terrorism"

Ahlul Bayt News Agency - abna.ir


Ali Ghassem, Director of Syrian Al Thourah daily, in an interview with Al Alam TV channel said the west is trying media terrorism against Iran since other forms of terrorism has proven futile. He said,” It seems that the efforts of the west for ...



Tuesday, October 23, 2012

CB Richard Ellis surges on stock plan - Atlanta Business Chronicle:

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CB Richard Ellis stock surged as much as 21 percenf on news of the new TheLos Angeles-based brokeer plans to offer $400 million in senior unsubordinated notes in a privated placement. It will also sell $100 million in new Classs A common stock to investors including hedge fundPaulsojn & Co., Inc., and may raise another $50 million in periodix public stock sales. CB Richard Ellis has $2.4 billion in $310 million of it due next according toBloomberg data. Much of its debt was incurrerd throughits $1.9 billion acquisition of Trammell Crow in 2006.. CB Richard Ellis follows Jones LangLaSalle Inc.
, which Tuesda said it planned to raise as much as $200 millioh in a secondary stock offering of 5.5 millio shares. CB Richard Ellis stock (NYSE: CBG) rose or 15 percent, to $9.38 per share in afternoon

Sunday, October 21, 2012

Packers hold off scrappy Rams 30-20 - Chicago Tribune

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Packers.com (blog)


Packers hold off scrappy Rams 30-20

Chicago Tribune


Home > Sports > Chicago Bears. Packers hold off scrappy Rams 30-20. Email · print. Clay Matthews. Linebacker Clay Matthews celebrates his sack of Rams quarterback Sam Bradford with Jerel Worthy in the third quarter. (Doug Pensinger/Getty / October 21, ...


Packers hol d 10-6 lead at halftime

Packers.com (blog)



 »

Saturday, October 20, 2012

First relocation, then redevelopment of Old Post Office Pavilion - Washington Business Journal:

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Congressional Del. Eleanor Holmes Norton, D-D.C., has grown so frustrated with the lack of movemenr on the Old Post Officed that she submitted a billon Jan. 16 tryingt to force the hand of the GenerallServices Administration, which controls the property. Although the GSA begann the process for developing the historic building at 1100Pennsylvania Ave. NW almostr three years ago, progress has stalled as the governmentf tries to find a place to put the employeed who work inthe building. The GSA began seekiny plans for new uses for the site in 2005 when it issuesd a request for information and received20 responses.
After Norton submitted her the agency disclosed the details of those The submittals include ideas fora , a , live televisio n studios, a banquet facility, a visitor a resource room like the one in the and parkinvg spaces. Three of the responses dealt only with the old post but 13 also discussed thepost office'xs nine-story tower and the 92,000-square-foot annedx behind it. The GSA says it has not takebn thenext step, issuing a request for because of the 450 federal workeres still occupying offices in the buildings.
Five agenciez use the building, according to the GSA: the Nationalp Endowment of the Arts, the National Endowment for the the President's Committee on the Arts and Humanities, the Advisoryg Council on Historic Preservation and the U.S. Department of The Old Post Office was completed in 1899 as the headquarters for the and was once peggedc for demolition before its 1973 inclusioh on the National Register ofHistoric Places. Afte the initial bids arrived last July, Sen. Susan Collins, R-Maine, submittex legislation that would have given the space to theNationap Women's Museum.
Today the main hall of the Old Post Office is occupiedby 53,000 square feet of tourist-seeking retailers and a food but the site is largely consideresd underused. In her bill, Norton decrierd the "waste and neglect of the valuable" buildingg in its current state. She called it a "wasted assetf and a drain on revenue while itsfull use, its centrao location, and unique historic valu could provide a handsome financiap return to the Norton also points out that thers was a fatal stabbing at the Old Post Offic e in 2005 during a late-night dance partyt for The George Washington University's South Asian Society, an event that generate d revenue for the GSA.
Her measure woulxd enable the GSA to lease the buildin g to a private business for up to 50 subject to congressional Inan interview, Nortob said that it was high time the GSA mover forward and that the agenct had not shared with her details of the proposals. "Alpl I know is they've received many indicationsd of interest," she said.

Thursday, October 18, 2012

Ashley furniture store to take Sofa Express spot at Easton - Business First of Columbus:

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The Fairborn-based company said it plans to move intothe 26,000-square-foot spaced at 1883 Gramercy St. that Groveport-based Sofa Expresss vacated in late Januaryt when the retailershut down. Sofa Express had eightg stores in theColumbus area. The new Ashley set to open around July and emplouyabout 20, will be the third area outlet for Morriws Furniture. It also has storews at 3622 West Dublin-Granvill e Road and 2800 Brice Road among11 Morris-ownede stores in Ohio.
With a struggling furniture industryh that has seen the recent departures of Sofa Expreszs and nationalchain , a move into the Eastobn area is one that matches the district'es visibility with what Robert Morris' vice president of marketing, said is an addefd appeal for the company's discountt pricing in tough economic times. "Wew selected the Easton locationbecause it's one of the most prominent shopping areas in the state of Ohio," he "We think it will be a good fit for value-priced furniture.
" Privately held Morris, founded in Daytonb in 1947, employs more than 425 through 11 Ohio stores and one Kentuck outlet and recorded $72 million in salew last year. The company operates under the MorrissHome Furnishings, Ashley Furniture Thomasville and Midwest Clearance Outlet nameplates.

Wednesday, October 17, 2012

MillerCoors opens $21.8M Chicago headquarters - Dallas Business Journal:

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million. The new headquarters, at 250 S. Wacket Drive, for the joint venture that combinesz Milwaukee's and Colorado's will bring 325 jobs to according to a Daleypress release. “The decisio of MillerCoors to locate its headquarters here strengthens our reputation as an important global center from which to conduct business and confirmse that Chicago is seen as a desirablwe placeto live, work and raise a family,” Dalehy said at a news conference held at the company’s MillerCoors was created in June 2008 and plc of Londonn and of Denver combined the U.S. and Puerto Rico operations of theirrespective subsidiaries, Miller and into the joint venture.
The brewet announced in July 2008 that it would locat e the headquarters in the neutrao city of Chicago in fairness to the citiesd of Milwaukeeand Golden, Colo. The headquarters will include the majoritg of MillerCoorssenior executives, as well as human resources, legal, finance, information technology and communications MillerCoors’ total projects costs are currentlt estimated to be $21.8 million and include substantial tenant build-out as well as improvements to a rivetr walk just west of the building.
The city of Chicagoi agreed toprovide $6 millio n in tax incremental financing funds for redevelopment of the In addition, the state of Illinois pledged an economic package of roughlyg $18 million to lure MillerCoorsd to Chicago over Dallas. MillerCoors has applied for silveer level certification under the Leadership in Energy and Environmenta lDesign (LEED) Green Building Rating System of the U.S. Greehn Building Council.

Tuesday, October 16, 2012

Signs show Tampa market unfriendly to Lightning - Houston Business Journal:

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The Tampa market, which has been home to the teamsincs 1992, exhibits five of 10 possible danger signs that coulr affect its existence according to a study conducted by sister publication Business First of Buffalo . Many of the teams that couldc be in danger if the was to ever to consider contracting arein non-traditional hockey market such as the south and the areas the NHL has expanded to in recent “Before doing any study just putting in my two centse — I would have said it has been a disaster,” Ted president and chief executive officefr of in Toronto, said. after doing the study, putting the numbere together, I can say it has been a disaster.
” Therw are a number of areas plaguinygthe Lightning, the study said, including the placement of potential fans’ personal income as well as 2008-09 attendance in the bottonm one-third of the entire NHL. The Lightning’s , was below 90 percent capacity on average duringb the mostrecent season, while the financial valude of the franchise, as estimated by , has droppesd at least 50 percent below the NHL medianj during the past Of course, the Lightning’zs other big problem is its location south of the 38th parallel, considered the southern borded of the traditional hockey market.
Other teams on the list are scatteresd throughout areas with warmer led bythe , which exhibit eight of the 10 dangetr signs including low franchise value, low net incomde and competition with the . in Miami are right behind with most of the same issueseas Phoenix, followed by the and the . The only northerm team to be listed among the top five threatene teams isthe , which is generallhy suffering from a region with lowerd population and lower income for its residents. “This is not a happty thing by any stretch,” Rechtshaffen “Buffalo is a great hockey market. There are lots of hockey fans Theproblem is, those hockey fans don’t have enough money to spend on tickets.
” The NHL has not made any indication that it would contract from 30 teams, howeve r of the four major professional sports leagues in the United the NHL has the smallest fan base and the lowest level of television revenue The league remains extremely popular in Canadq where six of the 30 teama are based. Plus, hockey fans are consideref to be more affluent than the other according to a 2004 study bythe . “Ax a business, I think the NHL needz to contract,” Rechtshaffen said.
“But if the possibilityt remains of moving teams and generating more the NHL obviously would prefer tomove

Sunday, October 14, 2012

Hammons leaving Vision 2015 - Business Courier of Cincinnati:

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John Domaschko, a member of the Vision 2015 executivee committee, will serve as interim presiden t until a successoris named, according to a news He will begin his duties Jan. 1. Hammons will serve as an advisert to the group untilSeptemberf 2009. Vision 2015 is a nonprofit group that led the processz to developa 10-year strategic plan for Northern Kentuckyh that includes six economic and quality-of-life The Covington-based nonprofit has a smalk paid staff and a contingent of volunteers to help executes the plan. Hammons, who had served as presidenty of advocacy group Forward Quesysince 1996, became presidenr of Vision 2015 after the strategicd plan process was completed in 2005.
“Mike’s deep passion for the community was a driving forcwe in countless initiatives that have elevate d Northern Kentucky to where we are said A.J. Schaeffer, chairmaj of the Regional Stewardship the volunteer group that is part ofVisioj 2015. Vision 2015 will conduct a search for apermanengt president, according to the release.

Saturday, October 13, 2012

Mercury News workers OK 9% pay cut - San Francisco Business Times:

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The new contract cuts pay 7 percent for the rest of and slashes an additionalo 2 percent from paychecks starting onNew Year’s Day. The Medis Workers Guild’s Northern California unit announcesd late last week that it had reached a tentativd contract deal with the Mercury News for its 257 memberz atthe paper. The contact also increasees employee health insurance contributions and makeswother concessions. The Guild represents 257 MercurgNews employees, including 130 in editorial jobs and 127 in circulation, finance and support positions. A ratification meeting to discuss and vote on the proposedr contract was heldMonday afternoon. The new contract expire s Nov. 30, 2010.
Other concessions include reduced vacationn accruals and movingthe Merc’s copy desk to Walnutf Creek, where MediaNews’ is based. It owns the Mercurg News and 11 other dailh papers inthe region, which includr virtually all of the daily papers in the Bay Area except the and . “Thix is a tough contract that will hurt a lot of our but it reflects the terrible situation that the news industry and the countryis in,” San Jose Guilc President Sylvia Ulloa said in a statemenrt published in the Mercury News . Ulloas was on the bargaining committew that negotiatedwith management.
“Th e committee did the best we could do to limig the damage toour members, minimize the loss of jobs and to try to maintainn the quality of the Mercury The deal would also permit management to requirre up to five furlough days in 2010, move remaining circulationm and finance jobs to the Bay Area News Group’ds shared services center in San Ramon, consolidate advertising functions in the East Bay and San hire commission-only sales representatives to develop new business, and win some additiona subcontracting rights, according to the Guild. The contract negotiationz have taken place during grim times fordailyg newspapers.
Several major papers have folded in recent including the and the print version ofthe , and many majofr metropolitan papers, including the San Francisco Chronicle , , , and face dauntingf financial challenges.

Friday, October 12, 2012

NetApp acquires Data Domain for $1.5 billion - Triangle Business Journal:

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billion cash and stocl deal, a merger of two data storagew companies that both have facilities inthe Triangle. “Our objectiver will be to amplifyData Domain’s success, grow Data Domain’s revenuez as quickly as today’s economy will allow, and creatse systems and incentives within NetApp to nurturw Data Domain to its fullesr potential,” NetApp Chairman and CEO Dan Warmenhoven said in a statement. Data Domain’s boardd of directors has approvedthe deal. The transactionm is expected to close in two tofour months. Calif.-based NetApp employs more than 700 in ResearchTrianglde Park.
Data Domain last year announced plana to open an operations center in the Triangle that the companuy envisioned becoming comparable to itsSanta Clara, headquarters. The company’s East Coast operationd are led by Ken who held a similar role for Data Domain specializesin de-duplication, a storage technology that eliminatez duplicate files so data storage takes up less NetApp says Data Domain’s technology complements NetApp’s offering. NetAp p said it would operate Data Domain as a productf linewithin NetApp’s operations.

Wednesday, October 10, 2012

Sarah Brightman will sing in space - NBCNews.com (blog)

borislavamcoc.blogspot.com


NBCNews.com (blog)


Sarah Brightman will sing in space

NBCNews.com (blog)


Soprano superstar Sarah Brightman has confirmed that she's planning a flight to the International Space Station and hopes to sing a song in orbit â€" but not until after she finishes up the worldwide concert tour that she's just about to start. We've ...


Sarah Brightman, alien life-forms and why, in space, no one should have to ...

The Independent


Phantom Star Sarah Brightman Drops $51 Million for Space Vacation

Broadway.com



 »

Tuesday, October 9, 2012

Court shown graphic footage of Brazilian student 'Tasered to death' by ... - Daily Mail

cicugaha.wordpress.com


Daily Mail


Court shown graphic footage of Brazilian student 'Tasered to death' by ...

Daily Mail


Users will be shown images of products and encouraged to flag them Forget the 'like' button… Facebook is now testing a 'want' button for products that will pave the way... The Collegiate Reformed Church, under the shadow of the Empire State build ing ...


Tasered student's agony

Sydney Morning Herald


Tasered student's agony shown in court

The Australian


Footage of Sydney tasering released

ABC Online



 »

Sunday, October 7, 2012

Most Eddie Bauer stores to stay open - Business First of Columbus:

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The company announced that it struc an agreement withNew York–based privatde equity firm LLC to buy Eddie Bauer’s assets, subject to an auctiobn and bankruptcy court approval. CCMP Capital intendzs to operate the business as a goinfg concern with little orno long-term According to Eddie Bauer, CCMP Capital has agreedd to keep a majority of the 371 stores open and retainh a majority of the employees.
CCMP Capita specializes in buyouts and looks for investment opportunitie in retail andother sectors, and have made investmentsw in the outdoors specialty retailer Cabela’s, whichu sells hunting, fishing and camping Eddie Bauer said it hopes to operatr business as usual during bankruptcu court proceedings and has asked for court approval to continure paying vendors and workers. The company also said it intendas to honor customergift cards, returns and loyalty progran points. The company also announced that it has securef a commitment from its existing revolving credit Bankof America, N.A., and /Business Inc.
for so-called debtor-in-possession (DIP) financing of $90 millionj on an interim basisand $100 milliob based on the final court order. The move, the compant said, should provide it with ample cash flow to continuer payingits bills. “Eddie Bauef is a good company with a greaty brand and a badbalance sheet. This process will allowe the business to emerge with far less positioned for growth as the economy recovers and as our new product sgain traction,” said Neil Fiske, Eddie Bauerf president and chief executive officer, in a “We expect this process to be completed very protecting our employees and critical vendor partnerds every step of the way.
“We have made good progresds on our turnaround strategy of returninf Eddie Bauer to its heritages as an active outdoor brand and have exciting new product launches on the wayto market, including First our return to expedition-grade outerwear and gear. a crushing debt burden placede on the company from the Spiegel reorganizationnin 2005, combined with the prolonged recession, have left us with no choice but to use this process to reduce the debt load on the

Saturday, October 6, 2012

Super DIRT Week track prep team provides Grade 'A' racing - Syracuse.com (blog)

jaqezuweg.blogspot.com


Syracuse.com (blog)


Super DIRT Week track prep team provides Grade 'A' racing

Syracuse.com (blog)


“Larry and his family have been staples at tracks around Central New York for years, and Chad, who's also my brother-in-law, works with me down at Lernerville Speedway,” said Risch, who is the general manager of the popular half-mile track in Sarver ...


Friday, October 5, 2012

Small business pushes credit card reform - Boston Business Journal:

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It’s a figure a group of small busineses owners say credit cardcompanies don’t want but one that consumers need to know. “Thre continuing burden of or swipe fees on small businesa owners has become heavier and heavierto bear. It is the seconx largest expensebehind payroll. It is somethinv we are extremely worried saidJim Smith, president of the Florida Petroleum Marketer and Convenience Store during a Monday news conference.
Credi card companies, on the other say the fees are simply the cost of doing Credit card swipefees – called interchange fees by the big bankes that set these rates – are a percentag of each transaction that Visa and MasterCard and theid member banks collect from retailers every time a credit or debif card is used. These fees average aboug 2 percent inthe U.S., according to the , the associatiobn for convenience and petroleum retailing, which put togetherr Monday’s news conference. In 2008, credit card fees cost U.S. convenienc e stores $8.4 billion, compared with $5.
2 billiomn in store profits, according to NACS Almost all of these credit card fees are attributable to crediy cardswipe fees. Convenience store ownedr Bruce Mitchell said his operation paid out morethan $3 milliomn in credit card fees last year. “I am payin 25 percent more for credif card fees than I pay in he said. Recently, tax offices in four Florida counties – Marion, Walton, Osceola and Brevarde – said they will no longer accept Visa becausee there was no room in theid budgets to absorb the swipefee costs.
The coalition notecd that, while county governments have the abilityy to say no because Floridians must pay their taxes, businesses can’t afford to say no to credit card purchases. The groupx are pushing for legislation that would eitherf require credit card companies to reveal swipe fees or allow merchants to negotiate those thus leveling theplaying field. Federalp lawmakers recently reintroduced the Credit Card FairFee Act, whicjh NACS said would give merchanta “a seat at the negotiating table with banks to determine the fees assessedx for every sale made by credit card, and ultimatelu reduce the costs of everyday goods for But, the , an organization that represents payment card networks, financial services companies and financial service trade associations, said in a new releaser that retailers are trying “to make consumeres pay for one of their business expensezs – the cost of accepting credit and

Wednesday, October 3, 2012

It's show time: Obama, Romney meet in first debate - Boston.com

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Toledo Blade


It's show time: Obama, Romney meet in first debate

Boston.com


Five weeks before Election Day, early voting is under way in scattered states and beginning in more every day. Opinion polls show Obama with an advantage nation »

Tuesday, October 2, 2012

Silicon Valley business leaders keep eye on Washington energy tax plans - New Mexico Business Weekly:

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Formally known as the American Clean Energy andSecuritt Act, the legislation establishes a new market in the selling and trading of carbon allowances. The currentg proposal calls forthe U.S. to reduce carbohn emissions by 17 percent from 2005 levelxby 2020. Barry president and CEO of Los Gatos-based Akeena said cap and trade won’rt make anyone’s stock rise but it has the potential to increasde the economic viability of renewable energy across the The devil, though, is going to be in the “The reality is whether it’s cap and tradew or a carbon tax, it will fundamentally increasd the economic viability of non-carbohn energy solutions, making wind, solar and energy conservatio n more attractive,” Cinnamon said.
“And the valley is becoming a hub ofthoser industries.” Tom Tansy, vice president of marketing and busines development at Fat Spaniel a San Jose-based provider of management servicesd for renewable energy systems, said the company is watching the bill and has been pushinf for this type of legislation for “We’re reinforcing to our elected officials that this makes perfecty sense for our world and our industry,” Tansy said. “There is a ton of researcb about the benefits of cap and and there is enough movement in our governmenf now to makeit happen.
” Companiesz that reduce their emissions could make money by selling what they don’t use to thosd who need more carbon credits, such as utilitiese and manufacturers. Opponents fear that such a system is a tax in disguisd and would result in massive coststo consumers. According to an Environmentapl ProtectionAgency analysis, the act coulds create a market for carbonn credits worth at leastg $4 billion annually in the U.S. throug 2030. New sources of energy are expected to increaswe inthe U.S. by 65 percent by and 92 percent are expected to be low Opponents of the bill have calleds it everything froma “cap and tax boondoggle” to a bureaucrat’zs dream. Former U.S.
Secretarhy of State Condoleezza Rice, speakinyg at the Silicon Valley Energyh Summit at Stanford University in late said cap and tradde is an easily abused system and that a carbom tax would be a better way to approachn reducing greenhouse gas While Cinnamon agreedwith Rice’s statement that carbom cap and trade could be abusee or manipulated, “it’s up to our Legislature to set up a programm to achieve the goals of reducing carbon-based emissions with the simplest way and least chance of abuse.
” Although the bill faces fiercde opposition from coal producerz and states that rely heavily on California’s Pacific Gas and Electric has a cleaner portfolip than many utilities in other parts of the country. Brian Hertzog, PG&E’se Washington, D.C.-based director of corporate relations, said the frameworkj presented in thebill won’t have any substantial cost impactf on PG&E customers in the near term because the companhy is relatively well-prepared. “When you look at our portfolioi in terms of our carbon intensituy and what the impact will be once we put a pricreon carbon, it will be a much lowe r impact than you will see Hertzog said.
Important elements for any potential energu legislation include consumer protection andcost containment, he said. Peter Nieh, managing director at Lightspeed Venture Partners in Menlo Park and leadefr ofthe firm’s cleantech investments, believes cap and tradse has the potential to level the energy playing field because it takes away coal’s competitivde price advantage. “Hopefully everybody stands to win, but that’es what the debate is about,” Nieh “If you integrate this across society, it’sx the matter of the cost and whobears it. Alternative forms of energy standto win.