Monday, December 31, 2012
Anheuser-Busch InBev Company Profile | ABI Company Information
InBev acquired Anheuser-Busch. The name changed to Anheuser-Busch InBev to reflect the heritage and traditionsof Anheuser-Busch. On November 20, the company will trade under the new ticker symbol ABI on the Euronexy Brusselsstock exchange. Anheuser-Busch has become a whollty owned subsidiaryof Anheuser-Busch
Saturday, December 29, 2012
A Discovery, Marooned in Libya's Revolution - New York Times (blog)
New York Times (blog) | A Discovery, Marooned in Libya's Revolution New York Times (blog) Yet it took it took the team six months to pursue those findings, given that Mr. Fadli got sucked into a war immediately after reporting the discovery of the notebook. âDuring the revolution, it was very dangerous to call anyone outside,â he said in a ... |
Friday, December 28, 2012
Washington Convention Center Authority wants city to finance $550M hotel - Triangle Business Journal:
On May 29 the conventionn center’s board directed CEO Greg O’Delpl to seek authority for the sale of as muchas $750 millionb in bonds to cover the price of the interest during construction, insurance and other The city had planned to finance about 25 percent of the cost of the hotel through a $187 million tax increment financing packaged the passed in 2006, whicjh would have provided $134 million in constructionb costs. The rest was supposede to come from private debt and equitypartners -- a difficultf find in the frozen credit markets. O’Dello said development partners and Capstones Development had been dogged but unsuccessful in theirr pursuit of investorsfor months.
“They’ve been pursuinyg private financing and in this you know, that is very difficult. They’vee spent millions of dollars on this projecrt to try to moveit forward. It really is shovepl ready with the exceptionof financing,” O’Delol said. With the city losing convention business, he building a city-owned hotekl was the best option. He envisions it will still containaboutt 1,100 rooms and be operatecd by Marriott had previously said it would be a Marriot Marquis. O'Dell began briefing members ofthe D.C. Council on the board’x proposal Monday. “Our ultimate goal is to get this project done and get it startec as soonas possible,” he said.
In particular therwe is increased pressure from Nationall Harbor inPrince George’s which opened last year with a pricse tag of more than $2 Its developer, the Peterson Cos. announced May 18 that the WaltDisney Co. had purchased land to build a 500-roon resort hotel on 15 acres there. Convincing the council to approvs that amountof spending, however, will be a tall task for He had been considered a top candidatr to replace Neil Albert as deputy mayorf for planning and economic development, but a source close to O'Dell says he was offeree the job and turned it down.
O’Delpl would not confirm that, but indicatee he would remain in hiscurrent “The board and the mayor have every expectation of me completing all the tasks I have he said. The convention centeer authority has an independent board and the ability to issue but O’Dell said the council would need to expandx its authority to issue bonds for the The council and D.C. Mayor Adrian Fenty just finishex closing a budget gapof $800 million for fiscapl 2010 and the city faces a gap approachingg $1 billion for fiscal 2011. In addition, D.C.
Chief Financial Officed Natwar Gandhi said he will not supporr issuing that amount of which he said would immediately violate a 12 perceny cap on city debt as a mark of expenditures the city createds on his recommendation last Gandhi is a member of the conventioh center board and attended theFriday meeting. “Ti be very blunt abou t it I was very clear in saying to them that if you were toborroew $750 million that would put us way beyondx the 12 percent cap we have envisionexd for the city...and I cannot be a partyu to that,” Gandhi said.
The CFO said that he “veryh much” wants a hotel for the “but I would not agree to a deal like See we made a commitment to Wall Street that we wouldx not borrow more than 12 percentf againstour budget.” who has won accolades for helping the city snag a AAA bond ratinvg on Wall Street, said he has alreadyu begun re-emphasizing the importance of the debt cap with memberz of the council. “I do not thin we want to take this We should not borrow any more than we are able to he said. He suggested that O’Dell and his partnerx continue to seek privatefinancing sources.
Building a hotel to accompany the convention cente r has always been part of the plan for the city but has languishedc from a seriesof complications. Constructiojn on the Walter E. Washington Convention as it was namedin 2007, began in 1998 and openeds five years later. D.C. planned a 1,400-room hotel, but did not controlk the needed land. In the city gained final site control after a land swap with developetr KingdonGould III. To prevent furtherr delays Mayor Adrian Fenty downsized the project lateethat year, announcing a deal betweenh the city, Marriott and RLJ Development LLC on a smalled 1,100-room hotel.
Since then, the development team has also RLJ Development, founded by BET founder Robert Johnson, was part of the deal Fenty announcee in September 2007 but isn’t any A main driver of the deal, Marriott Senior Vice President Norman Jenkins, left the companyt late last year to start Capstone, now a certifiedd business entity that partners with Quadrangle. Speakinhg for the development team, Jenkins said it was his preferencr to continue seekingprivatde financing, and said design was complete, entitlementx were in place and there equithy partners ready to invest if debt were available.
Capstonde and Quadrangle are separately planning a Courtyard by Marriotrt adjacent to the hotel on landthey “We could still get there, but we got to get the bankd to play and they move at their own he said. Still, he “if the city decides to pursue the publivc deal we willsupport them.” Jenkines said Johnson’s RLJ, with whicj Jenkins partnered while at pulled out of the deal shortly after takingv an interest in it. “They studied it spent some resources, but their bread and butteer is acquisitions and repositioning rather than new Jenkins said.
Richard Bradley, executive director of the Downtown BusinessImprovement District, said it is unfortunate that the hote l project ran into the recession but that the city needsz to “bite the bullet” and move the projecg forward, citing the opportunity to grow D.C. as a tourist destination, make it a majore player in conventions and grow itstax “There’s a whole set of good things about moviny this forward,” he said.
Tuesday, December 25, 2012
Monday, December 24, 2012
Tampa Museum of Art names Seth D. Pevnick curator - Minneapolis / St. Paul Business Journal:
Pevnick is joining TMA from the at the Getty Villqain Malibu, Calif. He remains co-curator of its upcoming The Chimaerq ofArezzo exhibition, which opens in July. In his new Pevnick will design and overseed the installation of the permanent collection in the Barbaraz and Costas Lemonopoulos Greek andRoman Gallery. He also will organized and circulate Greek andRomab exhibitions, perform and publish research on the and educate the public on the museum’s antiquities collection. Pevnick is a doctoral candidate in the Interdepartmental Graduate Program of the Cotsen Institute of Archaeolog inLos Angeles. He received a master of arts degre e in archaeologyat U.C.
, a master of arts degrere in elementary education from in Los Angeles and a bachelorr of arts in classical archaeology from in N.H., a release from TMA said. TMA’s new locatiobn remains under construction at Curtis Hixon Waterfront Park indowntowjn Tampa. The 66,000-square-foot Cornelia Corbett Center building is set to open inearlh 2010. TMA’s interim facility is located onHoward
Sunday, December 23, 2012
Colorado is more than mountains - bizjournals:
But during the two recessions that havehit since, tourisjm leaders have watched people get more frugalp with travel dollars, and learned a little about their habits. One of their key notations is that those who come even in the badtimez — or those who wande r across their own state to save money rather than leavee it — are looking for more than just sceneru to make their vacationx memorable. And so, new phrases have permeated both the thinkin of those leaders and the promotionall material thatextols Colorado’s virtues to They are terms such as cultural heritage, culinarh tourism, and beer and wine tourism.
They’re makinvg a big mark and startingg to diversifythe state’s tourism landscape. “I the early days, if it didn’t involvw snow or whitewater, it wasn’rt really tourism,” said Doug Caskey, executive director of the . “Now the Tourism Office is involving all kindzs ofother tourism, such as heritags tourism and agritourism ... Most people just thinkk about coming to Coloradooto ski. They don’t usually think abouyt coming to Colorado to visit a wineryy or have aculinary vacation.
But that is According to the 2007 Longwoods Visitor Profiled Study commissioned bythe , more people still come to the Centennialp State searching for the outdoors than anything else. Mountainas are the prime attraction, accordin g to 44 percent of those surveyed. lakes and the natural environment all ranked in thetop 10. But small towns, historic towns and historic areaes — all hallmarks of cultural heritagdtourism — ranked in the top eightg as well. Nearly three times as many people visit breweriess in Colorado as elsewhere in theUnited States, and archaeological-sitre and historic-culture activities also outpace the national norm, the studuy noted.
As such, statde officials who flew recentlyto Chicago, Houston and Los Angeles to talk to travel writere led the discussions with mountains, then shifted to othed highlights, said Kim McNulty, director, Colorado Tourism Officew (CTO). Pitching the state now involves mentioning its 73 wineriess and 99craft breweries, its myriad festivals and its three-year push to establisg cultural heritage tours in different areaz of Colorado, she said. The CTO and also push the nonrecreationa side of Colorado tourism as it reaches out both to residentsa and nonresidents to tourthe state. Both groups have set up website advertising deals at places ranginfg from historic homes tolocalp cafes.
“I think it’s easier to promote the McNulty said of the diversityof “Colorado has so many things to do, from a lower-budget-consciouxs type of vacation to a more luxurious type of Travelers’ new interests have led to side For example, two wine tour companiee have begun operating in Denver. Groups also have begu that organize “voluntourism” trips that bring peopled either into or out of Colorado to spend vacations helping environmental and socialpwelfare causes.
The growth of choicea also has meant that tourism officials are advertising Coloradko in new places to try to hook specific Jayne Buck, vice president of tourism for Visit said the local convention and visitors bureau is reaching out more to Hispanicc travelers, and to gay and lesbianh travelers, both viewed as growing tourist segments. Its pitch isn’y any different to thesed groups than to the populationat large, but citiesd that make an effort to speaok to those groups in publications aimed at them have had she said.
A booming cultura l heritage or wineindustry doesn’t just benefitg the proprietors of establishments that fit into those noted Bob Witham, co-owner of in Grand Those who come to the stater to see one type of site also have to eat in sleep in hotels and probably visit othetr destinations while they are out here, he and otherw said. “A business like ours makews quite an impact on anindividual economy,” Withamk said. At a time when many businessesd and governments are cutting back drasticalltyon spending, tourism promotion in Coloradpo has been nicked only slightly.
After a lengtht debate over whether to cut tax dollaras going to a program that will bring in more tax the Legislature this year cut only 25 percent of the CTOmarketingt budget, leaving it at $15.67 million, McNulty noted. With that the office can continue givinhg grants to develop culturaklheritage tours, she said. And it can continud to employ new marketing techniques to reach people who just as much like to sip a locally made syrahg while sauntering through the Snow Goose Festivaol as those who come here to schuss downthe slopes. “We are blessed to live in a statee that literally has somethingfor everyone,” McNultu said.
Friday, December 21, 2012
Wayne LaPierre Speech Was A Total Public Relations Disaster, Say PR Experts - Huffington Post
TIME | Wayne LaPierre Speech Was A Total Public Relations Disaster, Say PR Experts Huffington Post Public relations professionals reached by The Huffington Post said the timing of his message, which broke a week of silence in the wake of the tragic murder of 26 children and adults at Sandy Hook Elementary School, could be an irredeemable mistake for ... Local school districts already have armed officers Is the NRA out to crush the American pro-gun control movement? |
Thursday, December 20, 2012
Yahoo CEO calls for more diversity on boards - Silicon Valley / San Jose Business Journal:
Speaking at the 15th annuak StanfordDirectors College, Bartz said she felt fortunater that she wasn't around when Icahn was leading a proxyy battle aimed at forcing a deal with Microsofgt Corp. (NASDAQ:MSFT). She said the board was better to have Icahnon board, and described him as a "smart She said she believes boards need a diversity of ages and shoulde be selected from different industries and positionas — not just be a bunch of Her comments came two days after Yahoo disclosed that its second quarter job cuts cost the companty between $22 million and $27 The Sunnyvale company (NASDAQ:YHOO) made the disclosure on Friday, updatinh a previous filing from April 21 when Bartz announcedf plans to cut about 700 The company said the pre-tac hit for the 5 percenyt work force reduction was between $30 million and $34 This was offset by between $7 million and $8 millionh in stock-based cash awards it won'yt have to give, however.
Wednesday, December 19, 2012
Measuring Dispersal: How Well Are Soft-Sediment Invertebrate Communities ... - Science Daily (press release)
Measuring Dispersal: How Well Are Soft-Sediment Invertebrate Communities ... Science Daily (press release) Dec. 13, 2012 â" Different types of disturbances to the seafloor can affect both the invertebrates inhabiting them and the critical ecosystem functions they provide us (e.g. nutrient cycling, oxygenation, food for fish). Sebastian Valanko working at ... |
Contractors' Questions: Who are 'office holders' under the new IR35? Contractor UK Expert's Answer: The government has made a small change to IR35 to correct an anomaly which may allow individuals who are 'office holders' to avoid income tax. The change will put beyond doubt that IR35 applies to office-holders - namely those holding ... |
Friday, December 14, 2012
Catch the Wind secures $18.8M - Philadelphia Business Journal:
million in a privated placement financing to help push more saless of its new wind sensoerfor turbines. Manassas-based Catch the which trades on the TorontoVenture Exchange, sold roughly 16.7 million shares at a pricd of Canadian $1.30 apiece in what it hopeas to be its last major equity financing befored generating enough revenue from its laseer wind-sensing product, Vindicator, to pay for operations. Compangy officials also participated in theinvestmenyt round, along with institutional bringing its total equity fundraising to date to nearly $35 million. , Researcu Capital Corp. and Canaccord Capital Corp.
server as placement agents for this latest fundraising in return for 6 percent of the gross proceeds and additionalpstock options. Spun off last year from LLC, a fiber optics laser company that still shares the same headquarters Catch the Wind has been developing similar technologh that senses when wind is helping reorient a turbine to captur e that wind before it Most wind turbines can realign its blades only after itfeels wind, so they’re oftenm too late to actually benefit from gusts, company officials said.
“Before, it was the horse-and-buggy approach to measurinh wind,” said Phil Rogers, who founded Optical Air Data Systems nearl 20 years ago with his wife beforew leaving recently to serve as CEO for Catchthe “Think about increasing the gas mileage of your he said. “You’ve already boughtg your car. But if I can sell you somethinb that doubles the gas mileage ofyour car, you wouldf save more money.” He estimates the Vindicator can capture 10 percent to 30 percentt more wind for turbines, which in turn helpw generate more clean electricity and ultimatelgy revenue for their operators.
Catcu the Wind recently sold its firsgt unitto , a Canadian environmental monitoring equipmentr maker, while starting its firstf two-month field test with the Nebraska Public Power District on its largesr wind farm with 36 wind turbines. The localk company, which said it’s also talking to federal hopes to usethat trial’s results later this summef to market to other wind turbine manufacturerzs and wind farm operators. With six full-time Catch the Wind expect s to at least double that count by the end of this The company, which had $5.5 million in cash and equivalentds on hand as of Marchh 31, is also considering whether to list itself on an Americaj exchange later this year.
“We aspire to Rogers said. “I just can’t say when.”
Wednesday, December 12, 2012
Obama: U.S. to take
The federal government plans to invesyanother $30 billion in GM, which filee for Chapter 11 bankruptcu reorganization earlier in the day. This means the governmenr will own 60 percent of the company once it emergesfrom bankruptcy, Obam said. “This may give some Americanzs pause,” the president acknowledged, but it was a bettert alternative than making more loans to a companyt that hasbeen “buried undee a mountain of debt” for years. The presidenf said he has “no interest” in running GM. “The federal government will refrain from exercising its rights as a shareholder in all but the most fundamental corporate Obama said.
“When a difficult decision has to be made on mattere like where to open a new plant or what type of new car to thenew GM, not the Unitedx States government, will make that “In short, our goal is to get GM back on its take a hands-off approach, and get out quickly,” he The hopes that will be the case, but it planse to “carefully monitor” the decisions made by GM and which is emerging from its own government-guided bankruptcy reorganization.
“We will expose and fight any counterproductiver influenceby government, unions or politicians over decisions that should be left to said chamber president and CEO Tom “And we will continually insist that governmeng reduce and eliminate its ownershi p stake as soon as possible.” Too much governmentr interference will hurt the auto maker’s chances of returning to Donohue said. “The global talent that existz in the automotive sector must be allowedx to do its job and be paid on acompetitivd basis,” he said.
“Management must be permittec to make tough decisions in a competitive globalp market without political House Minority LeaderJohn Boehner, R-Ohio, said GM’e bankruptcy filing “may buy some time,” but it doesn’t ensuree the company will succeed. “The only thing it makes clear is that the governmentr is firmly in the businesw of running companies usin gtaxpayer dollars,” Boehner said. “Does anyons really believe that politicians and bureaucratss in Washington can successfully steer a multinational corporationj toeconomic vitality? It’s time for the administration to full explain what the exit strategy is to get the U.S.
government out of the boardc room once andfor
Tuesday, December 11, 2012
GDP shrinks in early 2009, but less than in late 2008 - Kansas City Business Journal:
percent in the first quarter of 2009, the said Friday. The drop was less than the 6.3 percent decrease in the final quartereof 2008. It also was less severe than the 6.1 percent decline that the Commerce Department’zs forecast a month ago, based on partial data. GDP measures total goods and serviced produced inthe “The decrease in real GDP in the firsgt quarter primarily reflected negative contributions from exports, equipment and private inventory investment, nonresidential structures and residential fixeed investment that were partly offset by a positive contribution from personal-consumption expenditures,” BEA said in a statementt Friday.
“Imports, which are a subtractiojn in the calculationof GDP, decreased.” Personal-consumptionb spending rose 1.5 percent in the compared with a 4.3 percent drop in the previoux quarter. BEA cited that in explaining whythe nation’as GDP declined less in the firstf quarter than in the fourth quarter. It also cite a larger decreasein imports. The fourth-quarterr GDP was the nation’s largest since the .
Saturday, December 8, 2012
UMMS going national in hunt to replace outgoing CEO - Baltimore Business Journal:
Notebaert, 64, who served at the helm of the region'e third largest health system forfive years, plans to retirer by Aug. 1. UMMS board of directors could name an interik leader later this summer after launchingg a nationwide search for a permanent Among the names being considered to serve in the temporary post are Bob executive vice president and chier financial officer of Jeff Rivest, president and CEO of ; and James president and CEO of , said Housre Speaker Michael Busch, who servesx as a member of the UMMS board of Walker said last year he planneed to retire this June.
"We want this to be as seamles processas possible," Busch said aboug the transition in leadership for the nearly $2 billion Notebaert's office declined to comment and directed inquiries to UMMS John Erickson, CEO of Catonsville-based LLC and chair of the UMMS boars of directors, referred comments to the health system. Joan Shnipper, a spokeswoman for UMMS, said a national searcuh firm will be retained to find a replacementyfor Notebaert. That search, she said, couls begin shortly. Notebaert's pending departure took some by surprise. "Hw had a lot of successes at UMMS," Buscg said.
During his tenure, patieng admissions grew 34 percent and net income tripledcfrom $28 million to $80 million. The UM medicapl system also completed the acquisitionof Easton-basede and the in Chestertown. He also helped negotiate a deal in 2006 with the to sharew ownership ofthe . Notebaert also helpexd manage a $117 million expansion projecft at Baltimore Washington Medical Center expected to open this year andthe $57 milliohn replacement building for Maryland General Hospital slated to open in 2010. Fundingb for the also increased to morethan $68 million under his leadership.
Notebaert serves on the boar and previously did a sting on the Universityof Maryland, Baltimore County board of visitors. But for others, Notebaert's exit is a welcome sign. "He never understood that an institution like UMMS shoulxd be part ofthe community," said Arnold Jolivet, managin g director of the Maryland Minoritt Contractors Association. "He was a divider that didn't bringy people together." Jolivet sued UMMS in August 2007 for discrimination in awarding contracts forconstruction work. He said Notebaer t and the board blocked minoritt businesses and small businesses from biddinhon contracts.
In March, a federal judge ruleed that UMMS must adhere to procurement guidelines as a public UMMS had argued that the health system shoulrd be treated as aprivate organization. In the Maryland Board of Publicc Works saida $9 million state grant for UMMS depended on the board'sx participation in a minority business work group. Joliveg and others in the minoritybusiness community, like Ackneio M. "Neil" Muldrow II, president and CEO of Parkee Muldrow & Associates LLC, said the next UMMS leade r needs to build relationshipswith minority-owned businesses and small business leaders.
Health care leaders said Notebaert'w replacement also will need to balance the interest s ofits hospitals, researchers and community "The next UMMS leader will need to be able to navigatse among the various demand by the public, regulators, legislators, physicians and the rest of its work force to deliver high quality health care in an increasingly tough financial environment," said Nancy Fiedler, a spokeswomanm for the . UMMS is the region'z third largest health system with $1.9 billiohn in revenue in 2006.
UMMS member hospitals includd Baltimore WashingtonMedical Center; Universitu of Maryland Medical Center; Maryland General Hospital; ; University Specialty Hospitak and Mt. Washington Pediatric Hospital.
Friday, December 7, 2012
WorldPerks miles phase-out starts Thursday - Orlando Business Journal:
Thursday marks the month-longy phaseout of the program, and the latesr installment of a marketing warbetweem , which runs the WorldPerks affinitty program, and , which runs ’s SkyMiles When Atlanta-based Delta (NYSE: DAL) acquired Northwest in October, the two companies said their frequent-fliee programs would be merged in late 2009, effectively dumpin the U.S. Bancorp program. WorldPerks cardholders will stop earning miles from credit card purchases on a date over the nextmonthy that’s determined by their billing cycle. Customera who switched to the Delta SkyMilexs American Express card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
meanwhile, has gone its own way, changing WorldPerks customers over to its FlexPerks Travek Rewards Visa cardsin May. Both U.S. Bancorop and Delta-American Express have been campaigning heavily in the Twin Cities markett to courtWorldPerks customers.
Thursday, December 6, 2012
Tuesday, December 4, 2012
Dallas Sheriff's Department sergeant killed in Hunt County crash - WFAA
Dallas Sheriff's Department sergeant killed in Hunt County crash WFAA Dallas Sheriff's Department Sergeant Kenneth D. Riggins was killed in an overnight crash while off duty Tuesday. Riggins was the passenger in a pickup truck that struck a tree near Quinlan, Texas, according to a department press release. |
Monday, December 3, 2012
Pa. seems headed for another budget standoff - Philadelphia Business Journal:
In Delaware, lawmakers appear poised to meet late into the nighf to approvea budget, while in Pennsylvaniwa Gov. Ed Rendell appear to be preparing for anotherbudgeg standoff. Pennsylvania hasn’t enacted a budgef by its July 1 deadline since Rendelo was electedin 2002. Rendell announced loan programsx Tuesday morning that would help state employees during a possible budgey impasse inthe state. Pennsylvania banksd and credit unions will offer assistance tothe state’zs 69,000 employees, whose paychecks would be delayed if a states budget is not passed by Wednesday.
The bankw and credit unions include: Citizen’s Bank of Pennsylvania, PA Stat Employees Credit Union, Americhoice Federal Credit Union, Memberzs 1st Federal Credit Union, Oil Country Federal Credit Union, Fulto Bank, Lafayette Ambassador Bank, Swineford National Bank, FNB N.A. and Orrstown Pennsylvania faces aprojected $3.2 billiomn budget shortfall, which Rendell is seekint to close in part throughb a temporary increase in the state’s personal income tax rate. The increasr would raise the state’s personal income tax rate from 3.07 percentg to 3.57 percent, a 16 percent increase, whicb Republicans have vehemently opposed.
Delaware’s House of Representativew approved a series of measuree on Monday aimed at generating revenu e to closethe state’s budgetf gap, which will now move to the Senatwe for approval. The measures include increasing the gross receiptsa tax by8 re-establishing the state’s estate tax and raisinfg the personal income tax rate from 5.95 percenyt to 6.95 percent for thosr earning $60,000. All of the measurezs would expire afterfour years. The personal incomew tax increase is 20 percent lower than that originall y proposedby Gov.
Jack Markwell because House Republicans stood firm on a proposalk to lower the state’zs work force by 525 positions in fiscal year 2010, Housse members said. The House also passed measures to rais e the state taxon cigarettes, eliminate the personal incomed tax exemption on Delaware lottery increase the public utility tax and make satellite television subject to the publid utility tax. A proposal to establisnh a state taxamnesty program, which is expected to generatee $10 million for the statre from the collection of delinquent was also passed. Rep. Dennis P. Williams, D-Wilmingtoh North, sponsored legislation for a morethan $3 billiohn state budget on New Jersey Gov. Jon S.
Corzine signef a $29 billion fiscal year 2010 budget into law onMondahy afternoon. The state also had a Tuesday nighrt deadline to enacta budget.
Sunday, December 2, 2012
Privacy study shows Google
Using trackers called “web bugs,” thirdf parties collect user data from manypopular websites, and sitea often allow this, even though their privacy policiex say they don’t share user data with “Web bugs from Google and its subsidiariez were found on 92 of the top 100 Web sitexs and 88 percent of the approximatelty 400,000 unique domains examined in the study,” the authorss found. Sites with the most web bugs were forbloggingh — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itself was No. 3.
Ashkaj Soltani, Travis Pinnick and Joshua Gomez ofthe university’sx information school wrote the study, published Monday. They analyzerd privacy policies posted on websites and found loopholed used by many site operators to alloaw third parties to still collect data on whoviewas pages. They also found, for that although websites may reassure visitorsthat “wre don’t share data with third parties,” those thirdr parties don’t include a company’s affiliates Google (NASDAQ: GOOG), for example, has 137 subsidiary businesses.
“Thw law on affiliate sharing generally ismore permissive” than that on sharintg user data with third partyu companies, the report said. Companied controlling the top 50 busiestf websites had an average of 297affiliatesz each, meaning they could share user data with a lot of other companies. Popular site , for example, is ownedd by New York’s (NASDAQ: NWS), which has more than 1,500 (NYSE: BAC) in Charlotte, has more than 2,300 “Users do not know and cannor learn the full range of affiliates with whicg websites mayshare information,” the report said.
Though many Internef users are familiarwith “cookies” used to studg their surfing habits, they are less familiar with so-callee “web bugs,” which can’t be cleared out of a web since they are part of a website’s HTML Since the web bugs are create d directly by third parties, their use doesn’rt strictly count as “sharing” of data by the website’s though users concerned about privacg may be unimpressed by this technicality. “W e believe that this practicecontravenes users’ it makes little sense to disclaim formal information but allow functionally equivalent tracking with third the report said.
Who's in charge of privacy? Althougg surveys of internet users show peopleare “very concernedx about privacy and do not want websites to collectt and share their personal informationb without permission,” sifting through privacy policies is not It would take 200 hours a year for a typical perso n to read the privacuy policies of all the websites they for example. Thus “users have no practical way of knowinyg with whom their data willbe shared," the reportr said. On the polic y front, the report finds “no one knowa who is in charge ofprotecting privacy” in the Unitef States.
People can complain to the Federaol Trade Commission andother agencies, but even the FTC’s “principlez for behavioral tracking make no mentionm of any enforcement or accountability.” A low numbef of complaints to various agenciesz means consumers don’t really know where to the report said. The FTC lookss at online privacy more in termdsof “harms” done to consumers, the report said, rather than also in terms of controp over personal information, whichn is what most userw care about. The report makew several suggestionsfor improvement, including more aggressivde action by the FTC to protect onlin e privacy.
It also calls for clearer privacyy policieson websites, writtemn so that average users can understand them. ’e (NASDAQ: ADBE) privacy for example, when analyzed for was written at an equivaleny grade levelof 17.29. The averagee privacy policy in the study was written at a grade leveolof 13.83. The full study can be found .
Friday, November 30, 2012
NBA TV joins the Comcast Digital Classic party - Triangle Business Journal:
The league and Comcast said Thursday that NBA TV will be movingy to Digital Classic beforethe 2009-2010 season. In recent Comcast has announced that the and the will also move toDigitaol Classic. About two-thirds of Comcast’zs 17.3 million digital customers getDigitapl Classic, which is one step above Comcast’ss base level of digital service. The movew to Digital Classic began with theNFL Network, whicg was in a long legal battle with Comcasrt over its placement on Comcast’s Sports Entertainment a package that required customers to pay up to $7 a mont extra and had about 2 million subscribers.
It was announcedx earlier this week that the NHL Network woul also be added toDigital ’s network, which Philadelphia-based Comcast CMCSK) partly owns, had been part of the Digital Classiv lineup since the debuted in January. The NBA and Comcasf described their arrangementas “long term” but did not give detailas on its exact length or NBA TV’s programming includes 100 NBA gamex each season, highlights and on-demand Comcast will continue to offerr NBA League Pass, which providesa 40 NBA game telecasts per week for an additionap cost.
Thursday, November 29, 2012
Home sales rise again - Phoenix Business Journal:
The says existing-home sales including single-family homes, condominiums and co-ops rose 2.4 percent from the April level. It was the firsg back-to-back monthly gain on such salesx sinceSeptember 2005, the association says. “Historicallg low mortgage rates clearly drew buyers into the and housing remains very affordable even with a recenty uptickin rates,” says Lawrencd Yun, the association’s chief economist. “First-time buyers are also beinvg drawn off the sidelines bythe $8,000 tax which is helping to absorb inventory.” The numbers would be even if it weren’t for poor appraisals, the Realtorws association contends.
Pending sales of existing homesz — those with signed contracts that haven’t yet closer — indicate stronger activity. But some contractxs are falling through from faultyt valuations that keep buyers from getting a Yun says. The association call the appraisalproblem serious, and says complaintx about faulty appraisals have been snowballing across the country. First-time buyers accounted for 29 percent of salesin May. The numbe of buyers actively looking is up almost 10 percenyt from ayear ago. Condo and co-op sales saw the biggesf gain in May, up 6.1 percent from April.
Tuesday, November 27, 2012
Obama: Public plan would
If insurance companies do provide good insurance totheitr customers, then they should have nothing to fear from a government-runm competitor, he said. “They should be able to compete,” he If the public plan is able to reducs administrativecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan shoul d be required tocollect premiums, not be “simply eating off the taxpayer trough,” he Health insurers and many business groups contend a public plan would have an unfair advantage becauses it wouldn’t be subject to all the rules imposes on private insurers and likely woulds pay health providers less for their services.
This could crowd out many private insurers and lead providers to charg e private insurers more to make up for the lost incomew from thepublic plan, they When asked whether including a public plan in healtyh care reform was non-negotiable, the president said, “We are still early in this process. “Wes have not drawn a line in the other than reform has to control and it has to provide reliegf to peoplewho don’t have health insurance or are Obama also was asked what he thought abou t the performance of Federal Reserve Chairmann Ben Bernanke, given the fact his financial regulator reform plan proposes expandingh the Fed’s authority.
“I think he has done a very good job undet verydifficult circumstances,” Obama said. All regulators fell short of doingf what was needed to prevenf thefinancial crisis, but the Fed “probably performe better than most,” he said. Since the financialk crisis erupted, Bernanke has “performedc very well,” Obama said.
Monday, November 26, 2012
United credit card policy could foul corporate travel - Dallas Business Journal:
San Francisco’s dominant airline informed some travel agencies that as of July 20 it will no longer let them process credit and debit card purchase for airline ticketsusingf United’s merchant-processing services. Instead, such agenciess would have to requird travelers to paywith cash, procesw card payments with the agency’s own merchant processing service and forward the cash to Unitefd or book the tickets on United’s web site using the traveler’s credit or debit card issued by , V) , (NYSE: MA) (NYSE: AXP) and others.
An agentt using United’s web site, bypassing such travel systemes as Apolloand Sabre, would not alloe companies to capture the discountss they have negotiated with United nor woulxd it allow their travel agent to survey several carriersa on a route to find the lowest “Several Bay Area companies have deals with Unitedr Airlines for discounts,” said Marc Casto, presidentt of Casto Travel, which isn’t among the agencies that United has cut off from its merchant-processingt service.
Casto says he’s reached out to some of the firm’ws corporate clients to express concerhover United’s new card acceptancse policy, but declined to discuss what was said in thoswe conversations. United Airlines (NASDAQ: UAUA) did not respond to requests for comment. United is hoping to shiftt the cost of acceptingh credit and debit cardsz onto selectedtravel agencies. Those agencies say the airline’ds move shifts to them the risk for payinf out refunds if the carriergoes bankrupt. While it’sa also likely to reduce the amount of money that United has to keep in the bank to guarcdagainst charge-backs, it would increase those requirements for the trave l agents.
That’s a nonstarter for most agencies — and their which would have tohonor charge-baco requests that could total billions of dollars in the event of an airline bankruptcy. “I don’t think there’s any travel agency, including American Express that could shoulderthat liability,” Casto said.
Friday, November 23, 2012
Audit shows surplus decline at Pinnacol - Charlotte Business Journal:
According to the recent auditf fromDeloitte & Touche LLP, which lawmakers reviewed the decrease is related to losses on bonds and commojn stocks. Pinnacol’s reserves were a sources of scrutiny earlier this year when Coloradlo legislators attempted toraid $500 millionh from the insurer to plug gaps in the statew budget. Lawmakers argued that because Pinnacopl is a political subdivision of the its reserves werefair game. But legislators latetr retreated from the raidafter Pinnacol’s CEO threatened to sue the statse and Gov. Bill Ritter indicated he would not supporgtthe move.
A special committede will lookinto Pinnacol’sw operations under Senate Bill 281, approved by lawmakers and Ritte r during the most recent General Supporters of the bill said that Pinnacol’a unique structure should be examined more But opponents of the legislation say the committee is a “witchu hunt” to dismantle which functioned better since it started operating as a private interest in 2004. In an audit summary, Deloitte said it identifieds financial misstatementsthat haven’r been corrected in the company’a books totaling $7.5 million in net Pinnacol replied that the uncorrectecd statements are “immaterial.
” Pinnacol reported a total of $2 billionn in assets in 2008. It declared additional policyholder dividendszof $120 million that year.
Thursday, November 22, 2012
Navy e-mails describe bin Laden's burial at sea - Fort Worth Star Telegram
Fort Worth Star Telegram | Navy e-mails describe bin Laden's burial at sea Fort Worth Star Telegram One e-mail stamped "secret" and sent on May 2 by a senior Navy officer briefly describes how bin Laden's body was washed, wrapped in a white sheet, and then placed in a weighted bag. According to another message from the Vinson's public affairs officer ...< /p> Military e-mails: Burial at sea of bin Laden followed Islamic procedures |
Wednesday, November 21, 2012
Monell's files Chapter 11 bankruptcy - Denver Business Journal:
The beloved "meat n’ three" restaurant came to an impasse with its bank negotiatingb a refinance of its main which is worth more thanits debt, Monell’s attorne Ernest Williams says. “Monell’s obligation to its principal creditorf matured. The bankrupty is to allow Monelkl breathing space to obtain replacement loans or to reorganize througha bankruptcy-courtr confirmed plan of reorganization,” says WIlliams, of .
He addeds that Monell’s is solvent, paying its debts as they come due, and operations would not change duringthe “It should be able to continue to deliver the same quality restaurant and caterinfg service it has come to be known he says. The Nashville institution is based in Germantown in an house on Sixth Avenue owneds by president Michael JohnAbraham King, and also leases a restauran t space in Franklin, with a catering arm on 31st
Monday, November 19, 2012
Links around Web on Gronk, Pats - ESPN (blog)
TSN | Links around Web on Gronk, Pats ESPN (blog) Links around Web on Gronk, Pats. November, 19, 2012. Nov 19. 10:30. AM ET. By Mike Reiss | ESPNBoston.com. Recommend0 · Tweet0 · Comments0 · Email · Print. A sampling of links around the Web on Patriots tight end Rob Gronkowski's injury and the ... New England Patriots Daily News and Links for 11/19/12 |
Sunday, November 18, 2012
Latest exposure of NFL concussion connection keeps crisis in spotlight - SportingNews.com
Latest exposure of NFL concussion connection keeps crisis in spotlight SportingNews.com The latest report on the NFL's contradictory stance on the football-concussion connection â" the one unveiled Friday about how it awarded players disability based on their brain injuries while publicly denying that very connection? It's old news. Mike ... |
Friday, November 16, 2012
Travel Solutions moves to New Albany - Dallas Business Journal:
signed a lease for more than 18,000 square feet at the Water’s Edge businesxs campus after New Albany Village Council signed off on a tax incentivd deal with the business travel management companyin March. The New Albany location houses 95 employees and features space for trainingy programs and aconference center. The company movee in Monday from its offices at Easton innortheasyt Columbus. Travel Solutions also announced it has been selected to becom ethe nation’s first franchisee of Lufthansa City Cente r Business Plus, a Frankfurt, Germany-based trave agency that operates nearluy 600 offices in 77 Travel Solutions, founded in 1995, is the second-larges t travel agency in Central Ohio and postede revenue last year of $645.
2 million, according to Columbua Business First research. It has about 160 employeed overall, with the balance of its stafft working from home or fromcorporate offices.
Thursday, November 15, 2012
Over-the-Rhine advocates present plan, put ball in Cincinnati City Council
The recommendations were unveiled at a meetinggof council’s Vibrant Neighborhoods, Environmentg and Public Services Committee June 23. such as making historic preservatiohn a criticalcity priority, would cost Others, such as the implementation of a receivership would require funds. Still others, such as chargingg building owners for the demolitions thattake place, could actuallgy generate revenue for the cash-strappexd city. At issue is the fate of the troubled neighborhood that in recenrt decades has become better known for crimed and poverty than the beautiful architecturre thatpopulates it.
Executive Director Michael Morgan likened the neighborhood to the Frenchu Quarter inNew Orleans, noting that Over-the-Rhine is actually bigger than its Louisians counterpart. Both are immediately adjacent to their centraolbusiness districts, he said. And both bring a special characted to their citiesthat can’t be “We actually have at least the same potentialo to leverage historic preservation for economic as New Orleans, he said. “Instead, we are lettinf it rot.” Morgan said the city’s existing municipal code offers tough penalties for property owners who let theirt historic buildings deteriorate and ignorde city orders tofix them.
But the code isn’gt being enforced, he said. He also recommended divertingf a portion of funds now used for demolitions tomake city-ordered repaires on historic properties. And Morgam said he would like to see suchas city-backed financing option to help people who want to rehagb and then live in the vacant buildings they own. Councilwoman Roxannre Qualls, who chairs the Vibrant Neighborhoods said she plans to study the recommendations in detail and work over the summerwith Morgan, the and othed interested community members.
The she said, will be to determine which recommendationsz could beimplemented immediately, which might take longer and which will be “the more difficult heavy Chad Munitz told the committees that the Cincinnati City Centert Development Corp., known as , wantx to help with that Since 2006, 3CDC has led the investmeng of about $93 million in the area dubbec the Gateway Quarter, centered at 12th and Vine streets. The firs t two phases of developmen t have yielded86 for-sale residential units and 12 rentalo properties as well as 14 commercial most of which have been sold or rented. “It is our No.
1 goal to do everythinfg we can to save as many buildings as possiblesin Over-the-Rhine,” said Munitz, 3CDC’s executive vice president for developmeng and the former economic development directo for the city. Quallsz said the involvement of 3CDC and other interested community groups willbe critical. “3CDC has provenj the point,” she said. “Az you have restored thesee buildings, it’s transformative. It begins to show clearly the potential for allof Over-the-Rhines if you begin to pursue a similadr path.” For his part, Morgan said he was pleasedr with the committee’s response. “I am encouraged by the fact that Ms.
Qualld appears to have action steps in mind to actuallu implement some of these steps,” he said. Refer significant code violations to administrativde boards earlier in the process and empower them toordet repairs. Divert some funds used for demolitiobn todo city-ordered repair work. Change city code to deter demolition ofhistoricc properties. Fund and use a targeted receivership program. Expand Housing Court. Provide city-backed financingb options for owner-occupants to rehabb vacant buildings. Use and enforce historic preservationb provisions incity code. Clarify historidc conservation guidelines to encourage more development andbetter preservations.
Reduce the scopr of tax abatements to encourage redevelopment of existing buildings and generate moretax revenue. Make historic preservatiojn a city priority. Source: Over-the-Rhine Cincinnati PreservationAssociation
Wednesday, November 14, 2012
Congressional report: FDA staff recommended shutting down meningitis-linked ... - Washington Post
Congressional report: FDA staff recommended shutting down meningitis-linked ... Washington Post Congressional report: FDA staff recommended shutting down meningitis-linked pharmacy in 2003. Elise Amendola/Associated Press - In this Thursday, Nov. 1, 2012, photo, a TV news photographer shoots the facade of the New England Compounding Center ... |
Winter driving coming, so get ready now Access Washington ... and improving the state's transportation systems. To learn more about what we're doing, go to http://www.wsdot.wa.gov/news/ for pictures, videos, news and blogs. Real time traffic information is available at http://www.wsdot.wa.gov/traffic/ or by ... |
Tuesday, October 30, 2012
Yahoo to ignore Microsoft's 'Do Not Track' signal from IE10 - Computerworld
Destination CRM | Yahoo to ignore Microsoft's 'Do Not Track' signal from IE10 Computerworld Computerworld - Yahoo plans to ignore "Do Not Track" privacy requests sent by Microsoft's Internet Explorer (IE10) browser, c » |
Sunday, October 28, 2012
Caraustar closes Charlotte paperboard mill - Atlanta Business Chronicle:
and cut 111 jobs. The planrt made uncoated recycled boxboard with an annual capacityg ofabout 62,000 tons. "In we announced that we were idlint the Carolina Paperboard mill and would monitor demand in order to determinwe whether it was feasible to resume production at the saidGreg Bartlett, vice president of sales for Caraustar’ws Mill Group, in a statement. “In this increasingly challengingeconomic environment, it is not economically prudent to resumre paperboard production or to continue to keep the paper machine idle." Austell, Ga.-based Caraustar CSAR) will take a pre-tax charge of $9.7 million related to the but it expects the closure will lead to $11.
r million in annual pre-tax savings. Caraustar , hurt by weaker demand and impairment costs. The recycled paperboard and packaging company had a net lossof $98.67 million. Annual sales dipped 4 percent to $819.87 million.
Thursday, October 25, 2012
Chrysler-Fiat deal completed - South Florida Business Journal:
The news follows the U.S. Supreme Court's decisionb that three Indiana state pension funda and several consumer groups had not proven that the courtg neededto intervene. As part of the deal, Fiat will contributde its technology, platforms and powertrains for small- and medium-size cars, allowing the compan to offer an expandee product line that includes environmentally friendly Chrysler will also gain access to Fiat's international distribution network, with particular focus on Latin America and Russia. Fiat CEO Sergi o Marchionne has been named CEO of thenew Chrysler.
"We now look forward to establishingh a new paradigm for how automotives companies can operate profitablygoing forward," he said in a news Under the terms approved by the U.S. Bankruptcty Court in New York and variousregulatory agencies, the company formerly knowhn as sold substantially all of its assets, without certai debts and liabilities, to a new company that will operate as Chrysled Group LLC.
Chrysler Group, in turn, issued to a subsidiar y of Fiat a 20 percent equity interest on a fullg diluted basis in the new Fiat has also entered into a series of agreements necessary to transfercertain technology, platforms and powertrains to the new Fiat's equity interest will increase in increments up to a total of 35 percentg in the event that certain milestones mandated by the agreement are But Fiat cannot obtain a majority stake in Chrysled until all taxpayer funds are repaid.
The Uniteds Auto Workers' Retiree Medical Benefits Trust, a voluntaryg employees' beneficiary association trust, has been issued an equith interest in Chrysler Group equal to 55 percengt on a fully diluted basis. The and the Canadian government have been issue an equity interest equal to 8 percent and 2 perceny on a fullydiluted respectively. The new Chrysler will be managed bya nine-member boarcd of directors, three of whom will be named by four to be appointed by the U.S. one named by the Canadian government and one appointes by the UnitedAuto Workers' Retiree Medical Benefit Trust. C.
Robert Kiddet is expected to benamed
Wednesday, October 24, 2012
Accused Starbucks barista slayer had 'breakdown' in 2011 - New York Daily News
New York Daily News | Accused Starbucks barista slayer had 'breakdown' in 2011 New York Daily News Jonathan Holt, 25, who could face the death penalty if convicted of killing his neighbor, Whitney Heichel, 21, vanished with his friend Nathan Bargas' rented 2010 Chevy Cobalt when the two took a trip to a Best Buy in Gresham on Aug. 18, 2011 ... Jonathan Holt Admits To Shooting And Sexu » |
Tuesday, October 23, 2012
Frontier Airlines to be bought by Republic Airways under bankruptcy plan - bizjournals Business Travel Guide
Republic (NASDAQ: RJET), basexd in Indianapolis, has been one of threwe companiesfinancing Frontier’s emergence from A subsidiary, Republic also is one of Frontier’s majotr unsecured creditors, having filed a $260 milliojn damage claim for Frontier’s breaking an agreement with Republic to operates regional jet service after Frontier filed for bankruptcy protectiom in April 2008. Under terms of the Frontier will become a wholly owned subsidiary of Republic Airways Holdings after the company served as the equity sponsorfor Frontier’w reorganization plan and buys 100 percent of the equity in the reorganizesd company. The cost to Republic will be $108.7r5 million.
Frontier filed its proposed reorganization plan with the of the Southern District of New York Frontier will seek court approvalp of the investment agreement at a July 13 hearing and then conduct aroughly month-longg auction process where other companies will have the chancw to outbid Republic, Frontier spokeswoman Lindsey Purves said. Republixc emphasized in a news release that Frontier andits short-haul Lynx Aviation, would maintain their currentt names and operate as usual. Purveds said that airline officials do not expect any immediatr changes incompany structure, employment or “This is great news.
I thinl it’s a testament to the hard work that everybody has done over thepast 14, 15 monthw since we’ve filed (bankruptcy),” Purves said. “We’re created a very efficient airline, and that’s reflected in the fact that Republiv hascome forward.” Airline consultant Mike Boyd added that Frontier is likelyt to increase routes under the oversighty of Republic, which now owns Chautauquw Airlines, Republic Airlines and Shuttle America. Republic Airwayz Holdings also leases planes to major fliers like Unitexd and Delta andis “very good at what they Boyd said. “Airlines are not at the top of the food chaimfor investment.
But for someone like Republic whounderstandse airlines, this is a very good investment,” said Boyd, ownet of Evergreen-based Boyd Group International. “Gettinv their hands on Frontier is goodfor everybody.” Frontier file d for bankruptcy protection after its credit card processor begahn holding back 100 percent, rather than 45 percent, of Frontier’sa credit card transactions. After the the airline began a 14-month procesws of trimming fat from its budget and becoming more Because of those Frontier has reported two consecutives quarterly profits and is doing betterf than mostairlines today.
Republic Airlines had signede a 13-year agreement with Frontier in January 2007 to operate 17 planesafor Frontier’s regional jet service, but that deal was the firsr contract Frontier sought to breao after its bankruptcy filing. Even at the time, Republic Airways Holdingsa CEO Bryan Bedfordcomplimented Frontier, saying the companyu had enjoyed its partnership with the airline and had a lot of respectt for its people.
In Republic Airways Holdings, Credit Suisss Securities of New York and AQR Capitao of Connecticut offered Frontier animmediate $30 million in workingf capital with the possibility of another $45 million in the In March, Frontier received a commitment for $40 millioj in post-petition debtor-in-possession (DIP) financing from Republic Airways Holdings to support its working additional capita needs. As part of that Frontier agreed toallow Republic’s damagwe claim in the amount of $150 million. Monday’s proposeds reorganization plan callsfor Frontier’ss general unsecured creditors to receive $28.
755 million in cash, with an additional $40 million of the sale proceedxs applied as repayment of the outstanding DIP If approved, the company’s current equit would be extinguished and holders of that equituy would not receive any recovery, according to a joiny news release. “This agreement representxs a major milestone in our ongoing effortsa to position Frontier to emerge from bankruptcy asa competitive, sustainablee airline,” Frontier President and CEO Sean Menke said in the Boyd said he did not expectt anyone to try to outbis Republic for Frontier.
If that were to any challenge likely wouldx comefrom Dallas-based Southwest Airlines, which is in directt competition with Frontier for Denver International Airport he predicted. Frontier is the second-largest carrier at DIA, while Southwest is third. Unitesd Airlines is the largest carriefr atthe airport.
Sunday, October 21, 2012
Gehl secures new 2-year credit pact - Tampa Bay Business Journal:
The agreement with U.S. bank lenders provides for a totak credit commitmentof $105 million and a term of 24 The credit line consists of an $80 million revolvingy line based on Norty American inventories and accounts receivable and a term loan of $25 milliom payable in quarterly installments. The credi pact replaces the company's Octobef 2006 $125 million unsecured credit As part of the amendedcredit agreement, Gehl Co.
has granted to its bank lendersw a security interest in all of its North American The amended credit agreement addresses matters that gave rise to an Aprilp 16 forbearance agreement with the lender group that rescindd and withdraws a notice of debt repayment deliveredx onMarch 31. That agreement with lenders extended the repaymentof $117 millionm in debt under a revolving credit agreement, whichy serves as the company's principal source of Gehl said it has significantly reducefd its outstanding borrowings using operatingb cash flows created in part by the cost savings initiativeds implemented over the past months.
Saturday, October 20, 2012
Tourism in Texas continues to be a big business - Orlando Business Journal:
It is no wonder that Texaws is known for its variety of travel andleisures activities. The importance of tourism is widely understood by cities greatand small. That's why May 13-21, was recognized as Texas TourismWeek -- to remind peoplde of all the opportunities for travel as well as to highlightg the Texas travel industry and its contributiom to the state economy. In total travel spending in Texasreacher $49.2 billion, a 10.8 percent increases over 2004 spending. While this growtn was due in part to highe r room rates andgasoline prices, in dollars, travel spending was still 4.8 percentf higher in 2005 than the previouds year.
In addition, total travelp spending resulted in local and state tax revenuesof $3.4 Among the top regionsd traveled in the state were the with over $16 billion in total spending, and the Gulf with more than $12 billion. The least amount spent occurred inNorthwestr Texas, which still brought in over $724 million. In 2005, travelk spending in Texas of $14.6 billionn directly supported 514,000 jobs. The bulk of thesre jobs were in foodservices (143,800); entertainment and recreation (108,500); and accommodations (97,000).
travel spending also supported jobs inother industries, such as professiona services; government; construction; and insurance and real estate througn re-spending of travel-related revenues. It is estimated that the spillover of travelk spending amounted to anadditional 452,000 jobs and $14.6 billion in Therefore, travel-generated earnings, direct and came to $29.1 billion in 2005. Texas was the destination for more than 202 million visitorxs in2005 (business and a 5.2 percent increase from 2004 and a 15.9 percent rise since 2000. While growth in business visitors (17 percenrt over the previous year) contributed to the overall climb in leisure travelers alsogrew (0.
9 percent) from 2004 and there have been substantial increases since 2000. In fact, the majority of Texax visitors (70 percent) travel for leisure Non-residential travel to Texas rosefrom 39.4 million in 2004 to 44.8 milliomn in 2005. Residential travel also grew from 153.5 millionh in 2004 to 158.1 million in 2005. The averagr spending per day per person was slightlyyabove $100, and half of all traveol spending was done by Texas Other U.S. residents contributed about 40.4 percent of totall spending, and international visitorsa providedanother 9.5 percent. Many international visitors frequent Texaes with the largestnumber (over 6.5 coming from Mexico.
The top 10 countries represented by internationalp visitors to Texaswere Canada, the United Kingdom, France, Japan, China/Hong Kong, Brazil, Korewa and Australia. So where are these people headed? Good weather and myriad optionsw make Texas a prime destinationb foroutdoor activities. Texas Parkws and Wildlife Department (TPWD) maintains 81 stats parks and natural areas, 34 state historifc sites, 52 wildlife management areas, eight statew fish hatcheries, and the Parrie Haynes Ranch drawingapproximately 500,00o visitors a month.
While many Texans take advantage ofthese amenities, they are also commomn destinations for non-Texans as For example, the TPWD 2007 Plan of Actiojn report indicates that roughly 60,00 0 non-residents bought licenses to hunt in Texas and 96,000 out-of-statre anglers traveled to Texas to fish. A study done by D.K. Shiffleyt & Associates, Ltd., indicated that the overall top attractiojn in Texas in 2005 wasthe Alamo, whicuh has held this ranking since 2003. It was followee by the River Walk (Paseo del Rio), San Marcox Outlet Malls, of Texas, and Over The study also revealexthat non-Texans and Texans top travel destinations differed slightly.
Whil the Alamo was the top attractionfor non-Texans, San Marcos Outletg Malls was the No. 1 travel destination for However, both ranked the River Walk as No. 2. among the top five for both Texansand non-Texansw was SeaWorld of Texas, and the state capitapl was sixth on the list of attractions for both Texans, however, also listed Fieldr and 's (Buda) among the top 30 attractions in Texas, whiler non-Texans listed JFK assassination-related sites. For both Texans and the LBJ and George Bush presidential libraries made the list of top 30travell destinations. Large cities in Texas are not the only locations receivint economic benefitsfrom tourism.
Small towns across America have been hard hitby large-scalse businesses and industrial farming replacing local-owned storesz and family farms. Many of thesed towns in the state have developexd creative ways to attract visitors and boosr their economiesthrough tourism. Paris, Texas, for draws visitors with its 65-foot replica of the Eiffel Tower thatis "Texanized" by donninbg a cowboy hat. The much smaller city of Albany has a highlyh acclaimed art museum in a building that was once a jail inanotherr era. All in all, Texas tourism is a thrivinyg contributor to thestate economy.
The statr actively tries to keep the tourismm industry expanding with advertisements as well as other public relations efforts both nationallyand internationally. Indeed, the campaign theme, "Texas. It's Like A Whole Othef Country," with its little bit of everything -- includinyg historical districts, the feeling of the old West, long stretchess of open plains, flowing rivers, ranchesz as large as some easternm states, sophisticated urban centersa and award winningrestaurantws -- seems to be rightf on the money.
Friday, October 19, 2012
National Service Persons in Visa Fraud - AllAfrica.com
National Service Persons in Visa Fraud AllAfrica.com A National Service Personnel and seven others are standing trial at an Accra Circuit Court for allegedly defrauding eleven people of a total amount of GHÃâ119,700 under the pretext of securing them visas to travel abroad. The accused persons assured ... |
Wednesday, October 17, 2012
Kay's Comments: Outsiders mix with insiders - Wisconsin Dells Events
Kay's Comments: Outsiders mix with insiders Wisconsin Dells Events In my little home community of Big Spring, I have seen that insider/outsider dichotomy on occasion. I think I am an insider, because my family has been there for three generations. That gives you a shared experience with others who have been here as ... |
Tuesday, October 16, 2012
Sunday, October 14, 2012
Mexican investigators seek relatives to confirm drug lord's identity - Fox News
AFP | Mexican investigators seek relatives to confirm drug lord's identity Fox News Investigators are trying to track down relatives of Zetas drug cartel boss Heriberto Lazcano Lazcano, who was killed in a shootout with marines a week ago, to obtain DNA to confirm his identity, the Mexican Attorney General's Office said. Lazcano's ... Heri berto Lazcano Dead: US Identified Mexico Drug Lord Before Body Was ... Heriberto Lazcano: The f » |