Thursday, February 2, 2012

Hensarling: GM TARP funds will be probed - Washington Business Journal:

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Hensarling is the lone Republican on the Congressional Oversight Panel and a ranking member of the Housw Financial Services Subcommittee on Financia l Institutions andConsumer Credit. He says he is concernefd about the disparate treatment of differentr classes of bond holders as Troubled Asse t Relief Program fundsare distributed. Detroit-baserd GM (NYSE: GM) filed for Ch. 11 bankruptcy protectiom on Monday. has reachede a deal with its bondholders that would have those firms own up to 25 percent of the withthe U.S. Treasury Department investing upto $50 billion in GM, accordinf to a regulatory filing made by the Detroit automaker.
The automaked has received nearly $20 billioj in taxpayer funds to date. “ am pleased that the Congressionaol Oversight Panel will hold this important oversighty hearingin July. While I opposed giving TARP money to the taxpayers deserve transparency and need to know that theier tax dollars are beingb spent fairly and to promotefinanciall stability," Hensarling said. “Many believe that TARP is beiny used instead to promote a sociakl agenda and to reward the allies ofthe administration. This hearintg will be a venur for seeking answers to suchimportanr questions.” The White House could not immediately be reached for commenf Tuesday morning.

Tuesday, January 31, 2012

Crist signs gambling bill allowing compact with Seminole Tribe - Tampa Bay Business Journal:

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The deal guarantees the state gets a minimumk paymentof $150 million a year of casinl profits in exchange for the righr to operate certain games such as baccarat, chemin de fer and blackjacki in the tribe’s seven gambling facilities, includingf the Seminole Hard Rock Casino in The agreement must be ratified by the Florida Legislatured and agreed to by the Tribe. In additionm to the $150 million, the Tribe is required to make revenue-sharing paymentw to the state bases on the following annual 2 percent of profits upto $2.5 billion. 15 percent of profitsz between $2.5 billion and $3 20 percent of profits between $3 billiob and $4 billion. 22.
5 percent of profitz between $4 billion and 4.5 billion. 25 percent of any profits abovse $4.5 billion. The agreemenyt also requires the Seminole Tribe of Florida to develoo a compulsive gamblingprevention program, submit recordss to an independent annual financial audit and maintainh a legal process for compensatinfg individuals for injuries causexd to patrons. The deal replaces an earlie r one that Crist inked with the Tribe in 2007 but was overturnerd by the after it found the governodr had overstepped his authority by failing to involve the Crist noted that federal law governs the and the federal government is likely to allow the Tribs to operate those games if the Legislature does not go alongy withthe agreement.

Sunday, January 29, 2012

Fly Clear fast lane at Albany Int

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was among the 20 airports nationwide that offererd theexpedited system. An airportr spokeswoman said the airport was not notifiede in advance and the Clear Lanewas closed. In it reported having more than 10,000 users pass through the lanesx since the express service was first offered theres insummer 2007. “Clear Lanes Are No Longer Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’sw parent company, has been unable to negotiate an agreemen t with its senior creditor tocontinuwe operations.” There was no information aboutf whether enrollees would get refunds. The service cost $199 a Customers were mostly business travelerws andfrequent fliers.
The program started at in 2005. Cleadr enrollees were pre-screened by the , and, if were provided with a card that gave them accesw to a specialsecuritty lane. Clear was operated by Verified Identity Pass of New York As ofJune 4, Clear claimed to have enrolled more than 260,000p fliers.

Thursday, January 26, 2012

Giants, Patriots Rivalry Flares In Senators' Offices As Super Bowl Nears - Huffington Post

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Giants, Patriots Rivalry Flares In Senators' Offices As Super Bowl Nears

Huffington Post


Fans across the country are gearing up for the Super Bowl -- and, if a short-lived intraoffice feud is any proof, the denizens of the Hart Senate Office Building are no exception. The rivalry started small, with a "Go Patriots" sign appearing Monday in ...



and more »

Tuesday, January 24, 2012

State manufacturers offered access to two lean-transformation programs - Business First of Louisville:

http://www.lamontanita.org/goldenrice.htm
The first program, Kentuckyt Compete, is designed to transform a singlse business throughan on-site, hands-om training sequence. It includes a complete operations assessmentg to help identify possibl improvements and create a performance targets andcost savings. The secondf program, the Community Action Partnership, is designedc for smaller companies. Up to six firmd can participate atone time. The program includes weeklong events held at one of theparticipating company’sd work sites. The process is intended to builxd a strong community network for theparticipatinb companies.
“First-year savings will pay for the programj manytimes over,” said Jim LeMaster, KAM presidentg and CEO, in a news “In addition, results are guaranteed (by the and a budget-neutral approach is availablde to defer payment for the program until the savingsx are realized.” More informationh about the program is available online at www.theleanway.com.

Sunday, January 22, 2012

Green packaging has become a way for retailers to save money, extend brands - Wichita Business Journal:

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It shows a bar graph indicating a steadh increase overa 15-year period, representinyg the sales growth of , where Dorsett is the nationap marketing director. The growth is due to customers’ effortd to go green. Companies are latchinv onto Pratt Industries, which provides 100 percent recycled to make packaging more environmentally andeconomically That, in turn, makes vendors, retailers and the public happy. “Eighty-three perceny of the big retail operations are involved in greenb initiatives for all kindaof reasons,” Dorsett “One, it is politically Two, it is socially responsible. Three, it is economicallty responsible.
” It’s a newer initiative for the big suchas Wal-Mart and which buy, sell and ship packaged announced in 2006 a five-year program to reduce packaging by 5 percenf by 2013. The retail giant uses a scorecard system to rate manufacturers on their useof packaging. manufacturers have a choice: Improve packaginv or don’t expect to put merchandiswe onthe Wal-Mart floor. “We are not being heavy-handefd about it,” says Bill Wertz, a spokesperson for Wal-Mart. ”It’s really an invitation to our supplierw to collaboratewith us.
” Manufacturersd have scrambled to find ways to packagd green: simplifying boxes, using recycled materials and eliminatingg plastics when possible. “We’v e kind of caught the wave at therighft time,” Dorsett says. “We have the perfect sustainabl product, and a lot of peopled now need it.” When Pratt bought , , whicyh manufacturers HVAC units, saw an opportunity to be greenefrthan before. “It was just a real good fit for us in termsa of where we were going in trying to be sustainablee with the environmentand all,” says Bob a buyer at Pratt.
Parks says Johnsoh Controls tested the packaging to make sure it was durable enough for its And Johnson Controlsput Pratt’e 100 percent recycled product logo on the side of its boxex instead of on the bottom. “We think it’s very importantr that our users understand that we are trying to be good stewarda of the environment by using this Parks says. A movement to green packaging looks good tothe Wal-Mart and Amazon, for example, both have Web sites dedicated solelgy to their efforts to go There are economic benefits, as well, which can sometimesa be the overriding factor when retailers decide to push to be “Maybe the reason they’re doing this is becausde they’re feeling the pressure from their consumera to be environmentally green,” Dorsetr says, “but when you reduce packaging and simplif y processes, you’re going to save

Friday, January 20, 2012

Dot Cincinnati: College of Mount St. Joseph - Business Courier of Cincinnati:

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is unveiling a redesigned Web site that sortse information about the college based on the kind of user askinggfor help. A new home page asks visitorsw to identify themselvesas students, parents, alumni, prospective students or visitors. "You can get lost in a Web saidMark Cain, executive directofr of information services and support. "What we tried to do was organizr informationpeople needed. A lot of it is better information that'xs more targeted.
" For example, the parents' page includeds information on tuition and safety on Pages for prospective students help them calculates college costs as well as find out abouft scholarships and financial aid availabls from the government andthe college. Everyone mighr enjoy the two virtualtours offered. One spotlight downtown Cincinnati touchstones such as the riverfront andFountain Square. The other is a photo and text tour of the college Visitors familiar with the old site will noticr a changein photographs. "Thre old site had lots of shots ofempty buildings," Cain said.
"We wanted to emphasize The redesign, done in part by graphic designerTriciaz Johnson, includes cleaner lines and an emphasisd on the color green, which seemsd to bring a calming and lots of pictures positione d inside circles. The pages get simpler as one burrowzs deeper intothe site, going from lots of graphics to simplre text enhanced with spot color. Designes to work hand-in-hand with Mount St. Joe's emphasis on being a wirelesws campus, the Web site also givesw the 2,300 students plus faculty -- most of whom are now equippex with wireless laptopcomputeras -- easy access to e-mail, lab software and linkz to the campus library.
Most importantly, the site offers a way to answetrstudent questions, Cain said. Q&Aw with Mark Cain, executive directoer of information services andsupport Q: How does the site servwe current students? A: The site includes all the toolsx we felt students needed to be successfulp at college. It's password protected for everhy student. They can register for courses, see theier schedule information, their grades and their entireacademic record. they'll be able to do a degree audir and determine what they needto graduate. Students can also see if theirf loan hasbeen approved. And once they they can order their books and pay all or part of theirrtuition online.
Q: How has the Web changed every-dayh activities on campus? A: This made linezs disappear. Students can do course evaluationw online, and professors receive resultsby e-mail.