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Sunday, October 10, 2010
Friday, October 8, 2010
CBS Tries to Minimize Dem Problems By Cherry-Picking GOP Setbacks - NewsBusters (blog)
wilhelminadora4287.blogspot.com
CBS Tries to Minimize Dem Problems By Cherry-Picking GOP Setbacks NewsBusters (blog) In a report on Friday's CBS Early Show, senior White House correspondent Bill Plante noted that President Obama hitting the ... |
Thursday, October 7, 2010
Recovery report: Most small businesses don
http://korusconsulting.com/about/ceo/
The survey found that 90 percengt plan to cut business expenses and 23 percentg expect they will lay off employees durinbg the nextsix months. Only 26 percent expect sales to increase, half the percentage who expected saleds gains ayear ago. Nearly half expect profits will decreasee in thenear term. “These findings supporgt PNC’s forecast that the U.S. economy will continues to suffer into the second half ofthe year,” said PNC Chie Economist Stuart Hoffman. It will be 2010 beforee the economygets “reall traction from the various federa l policy stimulus initiatives,” Hoffmanm said. If the recession continuesw over the nextsix months, 43 perceng of U.S.
companies probably will make across-the-board budget That’s according to a new poll by the . The next most likelyh step would be to reduce stafffthrough attrition, while 40 percent of human resource executivesa said hiring freezes would be put into place. Freezint employee wages was next, followed by cuts in employee bonuses. Only 24 percenr expect layoffs. Layoffs “are becoming more of a last optioj that many business leaderswould take,” said SHRM President and CEO Laurencse O’Neil. “This finding underscores the seriousness of the recession as many companies find they cannot survive without some degreeof layoffs.
” More than 70 percengt of the CEO of America’s largesrt companies expect to reducde employment at their businesses over the next six months, according to a surveyt by the Business Roundtable. Two-thirde expect a decline in sales and capital The wants help fromthe public, includingv small businesses, on developing a plan to ensurwe that all Americans have access to The economic stimulus legislation directed the FCC to presen the plan to Congress by Feb. 17, 2010, a year afterf the bill was signedinto law.
The FCC is solicitiny comments on the best ways to ensure universaolbroadband access, strategies for making it affordable, evaluatinvg the progress of broadband grant programsz and how to use broadband to advance public policy Comments may be filed electronically at www.fcc.gov/cgb/ecfs or at The stimulus bill included $7.2 billion for grantzs and loans to increase broadband access in unservede and underserved areas. The programxs will be administered by the andthe ’s ruralk development program. The plans to spend $285 milliobn for 17,600 fuel-efficient vehicles, includintg 2,500 hybrid sedans, by June 1.
Money for these purchases, as well as $15 millionn for advanced technology vehicles suchas all-electric will come from funds appropriated in the economic stimulusx package. GSA will use existing contractswith , and for thesw orders. President Obama said these purchasesare “party of our commitment to the American auto industry” and he was “pleased” GSA “moved swiftlt to accelerate this purchase.” The distributed $197 million in economic stimulus funds to states and Indiam reservations for use in cleaning up underground storagw tank petroleum leaks.
These leaks couldd seep into soil and contaminatseground water, which is a major source of drinking water. EPA estimates aboutr 1,600 sites will be cleaned up as a resulr ofthe funding. “EPA is puttinhg people to work by serving our core mission of protectinh human health andthe environment,” said Administrator Lisa Jackson.
The survey found that 90 percengt plan to cut business expenses and 23 percentg expect they will lay off employees durinbg the nextsix months. Only 26 percent expect sales to increase, half the percentage who expected saleds gains ayear ago. Nearly half expect profits will decreasee in thenear term. “These findings supporgt PNC’s forecast that the U.S. economy will continues to suffer into the second half ofthe year,” said PNC Chie Economist Stuart Hoffman. It will be 2010 beforee the economygets “reall traction from the various federa l policy stimulus initiatives,” Hoffmanm said. If the recession continuesw over the nextsix months, 43 perceng of U.S.
companies probably will make across-the-board budget That’s according to a new poll by the . The next most likelyh step would be to reduce stafffthrough attrition, while 40 percent of human resource executivesa said hiring freezes would be put into place. Freezint employee wages was next, followed by cuts in employee bonuses. Only 24 percenr expect layoffs. Layoffs “are becoming more of a last optioj that many business leaderswould take,” said SHRM President and CEO Laurencse O’Neil. “This finding underscores the seriousness of the recession as many companies find they cannot survive without some degreeof layoffs.
” More than 70 percengt of the CEO of America’s largesrt companies expect to reducde employment at their businesses over the next six months, according to a surveyt by the Business Roundtable. Two-thirde expect a decline in sales and capital The wants help fromthe public, includingv small businesses, on developing a plan to ensurwe that all Americans have access to The economic stimulus legislation directed the FCC to presen the plan to Congress by Feb. 17, 2010, a year afterf the bill was signedinto law.
The FCC is solicitiny comments on the best ways to ensure universaolbroadband access, strategies for making it affordable, evaluatinvg the progress of broadband grant programsz and how to use broadband to advance public policy Comments may be filed electronically at www.fcc.gov/cgb/ecfs or at The stimulus bill included $7.2 billion for grantzs and loans to increase broadband access in unservede and underserved areas. The programxs will be administered by the andthe ’s ruralk development program. The plans to spend $285 milliobn for 17,600 fuel-efficient vehicles, includintg 2,500 hybrid sedans, by June 1.
Money for these purchases, as well as $15 millionn for advanced technology vehicles suchas all-electric will come from funds appropriated in the economic stimulusx package. GSA will use existing contractswith , and for thesw orders. President Obama said these purchasesare “party of our commitment to the American auto industry” and he was “pleased” GSA “moved swiftlt to accelerate this purchase.” The distributed $197 million in economic stimulus funds to states and Indiam reservations for use in cleaning up underground storagw tank petroleum leaks.
These leaks couldd seep into soil and contaminatseground water, which is a major source of drinking water. EPA estimates aboutr 1,600 sites will be cleaned up as a resulr ofthe funding. “EPA is puttinhg people to work by serving our core mission of protectinh human health andthe environment,” said Administrator Lisa Jackson.
Wednesday, October 6, 2010
Hundreds of jobs being cut as Aramark, YRC and others announce layoffs - Philadelphia Business Journal:
http://jiushuipacking.com/nurse-qualification/
Word of the job losses comes as a says the economu is weaker than it was in and that unemployment willhit 9.8 percent next up from an earlier projection of 9.1 percent. Earlier this week, it was learned that new weekly claims for unemploymentywere higher, and retaik spending for April turned out to be lower, than Companies notify the state of plant closings or significant job cuts unde r the federal Worker Adjustment and Retraining Notification (WARN) Act. Philadelphia-basedr Aramark said its cuts at thePhiladelphia university, effective July 12, will be permanenf and come at the end of a management-services contracrt at Penn.
• , a trucking will cut 113 jobs at itsPhiladelphias terminal, effect June 26; • Idearc Media LLC in Norristown will close its publishin g unit, cutting as many as 98 jobs, effective Oct. 31; • of the Americas, Cente r Valley, Lehigh County, will cut up to 119 employeezs in the diagnostics systems effective July 1 toJuly 14; Management consulting firm , whichb has filed for bankruptcy reorganization, will permanently close its offic e in Radnor, Pa., and end 13 jobs, effective June 5; Concord Steel, with a site in Essington, has cut production, resulting in the layoffg of 50 employees. The layoffs occurred between Februarg andMay 15.
Employees could be called back withinn a period of 60 days tosix • Philadelphia-based , a wholly owned subsidiary of is expected to sustain a limited impactf from a “mass layoff” slater for July 8. According to the state, as few as thre employees could be affected at thePhiladelphia site. Dow acquiredr Rohm and Haas in April.
Word of the job losses comes as a says the economu is weaker than it was in and that unemployment willhit 9.8 percent next up from an earlier projection of 9.1 percent. Earlier this week, it was learned that new weekly claims for unemploymentywere higher, and retaik spending for April turned out to be lower, than Companies notify the state of plant closings or significant job cuts unde r the federal Worker Adjustment and Retraining Notification (WARN) Act. Philadelphia-basedr Aramark said its cuts at thePhiladelphia university, effective July 12, will be permanenf and come at the end of a management-services contracrt at Penn.
• , a trucking will cut 113 jobs at itsPhiladelphias terminal, effect June 26; • Idearc Media LLC in Norristown will close its publishin g unit, cutting as many as 98 jobs, effective Oct. 31; • of the Americas, Cente r Valley, Lehigh County, will cut up to 119 employeezs in the diagnostics systems effective July 1 toJuly 14; Management consulting firm , whichb has filed for bankruptcy reorganization, will permanently close its offic e in Radnor, Pa., and end 13 jobs, effective June 5; Concord Steel, with a site in Essington, has cut production, resulting in the layoffg of 50 employees. The layoffs occurred between Februarg andMay 15.
Employees could be called back withinn a period of 60 days tosix • Philadelphia-based , a wholly owned subsidiary of is expected to sustain a limited impactf from a “mass layoff” slater for July 8. According to the state, as few as thre employees could be affected at thePhiladelphia site. Dow acquiredr Rohm and Haas in April.
Monday, October 4, 2010
Goldman Sachs downgrades J.C. Penney and Macy's - BusinessWeek
bentlyoupapa1810.blogspot.com
Goldman Sachs downgrades J.C. Penney and Macy's BusinessWeek THE STOCK: Shapira downgraded Macy's and JC Penney shares to "Neutral" from "Buy" and maintained Kohl's on the "Buy" list. Shares of Macy's fell 94 cents, ... Macy's, JC Penney Downgraded at Goldman Sachs (M, JCP) JC Penney (JCP) Downgrade Alert, Watch for 16.2% Technical Uptrend Reversal Cooper, Microsoft, Macy's, J.C. Penney: U.S. Equity Movers |
Sunday, October 3, 2010
More ties between al Qaeda plotter and 9/11 Hamburg cell revealed - Long War Journal
zvonkovaleoqim.blogspot.com
Long War Journal | More ties between al Qaeda plotter and 9/11 Hamburg cell revealed Long War Journal Some members of the Hamburg cell fled Germany shortly before the 9/11 attacks in order to avoid arrest after the fact. Today, Bahaji is both a senior ... |
Friday, October 1, 2010
Cutting dealers won
uzirukynurylew.blogspot.com
Both Chrysler and Generall Motors, which plans to close 1,100o dealerships by October 2010, contend they need to reducre the size of their dealer networks to becomes more competitive with Toyotaand Honda, which sell more cars in the U.S. with a lot fewert dealers. In a U.S. Bankruptcy Court filing, Chryslert argued that trimming the ranks of its dealers will boosty the profitability of the dealers that enabling them to invest in improvementds that will driveup sales. “Aftef a period of time, and substantiall improved marketingand investments, overall sales in the reducef network are anticipated to grow beyond currenyt sales levels within the existing Chrysler contended in the filing.
That’s highly unlikely, according to the Nationa l Association ofAutomobile Dealers. “There’s not an auto executivs I know ofthat doesn’t acknowledge that when a dealership closes, they lose market share,” said David Hyatt, NADA’e vice president of public affairs. Cuttingh costs was not a major factorin Chrysler’s decision. The automaker will save some administrative expensesw by having a smaller dealer networkkto oversee, but that’s about it. Dealers buy their cars befor the vehicles leavethe factory, pay for shipping, fron the costs of any rebates or warrantyt work, and purchase repair equipment.
Dealers provide “a robusr distribution network at virtuallygno cost” to automakers, Hyatt said. “We’re an asset, not a said Wade Walker, an auto dealef in Montpelier, Vt., who is scheduled to lose his Jeep franchisewJune 9. Walker and abouty 300 other Chrysler dealers are challengingthe automaker’s requesrt for a bankruptcy judge to terminate theifr dealership agreements and pre-empt state laws that would requir e the company to give dealers more time to wind down theirt businesses. Chrysler has been working to reduce its dealedr network forseveral years, and it contends that process needs to be acceleratedc because of its proposed alliance with Fiat.
Bankruptcy courtz routinely terminate contracts if doing so benefitzsthe debtor’s estate and is an exercise of soun business judgment, Chrysler said in its filing. But the Chrysle dealers contend that abruptly closingbdealerships doesn’t meet this threshold. “There is no evidence that by rejectingtdealership agreements, New Chrysler will save money to any materia degree or enhance its competitive positionb in the automobile industry,” the Chrysler National Dealef Council said in a court “To the contrary, closing dealersz narrows distribution and reducesw Chrysler’s sales and income as fewer dealers buy fewef cars and retail saled are lost to other brands.
” Chrysler’s bankruptcy judges is scheduled to hold a hearing on this issu June 3. That same day, the Senate Commerce Committee is scheduled to hold a hearing on the Chrysler and GMdealership closings. “These companies cannot be allowed to take taxpaye funds fora bailout, and then leavwe local dealers and theirt customers to fend for themselves with no real noticee and no real help,” said committe e Chairman John D. “Jay” Rockefeller IV, D-W.Va.
“We must ensuree that the auto dealers are treated equitablyu and have the opportunit to unwind their operations in a manner that will minimizde hardships to employees who lose their jobs and communities that areadverselyy impacted,” said Sen. Kay Bailey Hutchison, R-Texas. Hutchisonj was encouraged by a promise from Chrysler PresidentrJames Press, who told her the company would help the terminater dealers sell their vehicle and parts inventory. If this assistance fallzs short, Hutchison is prepared to push legislatio n to give the dealerships an extrwa 60 daysbefore closing.
auto dealers and members of Congress are lobbying Presidengt Barack Obama and his automotive task forc to reconsider the wisdom of closing so many dealershipszso quickly. The Obama administrationm rejectedthe automakers’ initiao restructuring plans and urged them to be more aggressive. “If should not be the role of government to forcethese small-business owners out of said Rep. Blaine Luetkemeyer, R-Mo., one of several House membera who sent a letter to task force chief Steven founder of theQuadrangle Group, a New York private equity “This decision will not fix the problemds of the auto manufacturing industry, yet it will cost our communities good jobs.
” Walker doesn’t think the auto task force “gets it.” “I think it’s becausde they’re all Wall Street peoplew -- they’re not Main Streeft people,” he said.
Both Chrysler and Generall Motors, which plans to close 1,100o dealerships by October 2010, contend they need to reducre the size of their dealer networks to becomes more competitive with Toyotaand Honda, which sell more cars in the U.S. with a lot fewert dealers. In a U.S. Bankruptcy Court filing, Chryslert argued that trimming the ranks of its dealers will boosty the profitability of the dealers that enabling them to invest in improvementds that will driveup sales. “Aftef a period of time, and substantiall improved marketingand investments, overall sales in the reducef network are anticipated to grow beyond currenyt sales levels within the existing Chrysler contended in the filing.
That’s highly unlikely, according to the Nationa l Association ofAutomobile Dealers. “There’s not an auto executivs I know ofthat doesn’t acknowledge that when a dealership closes, they lose market share,” said David Hyatt, NADA’e vice president of public affairs. Cuttingh costs was not a major factorin Chrysler’s decision. The automaker will save some administrative expensesw by having a smaller dealer networkkto oversee, but that’s about it. Dealers buy their cars befor the vehicles leavethe factory, pay for shipping, fron the costs of any rebates or warrantyt work, and purchase repair equipment.
Dealers provide “a robusr distribution network at virtuallygno cost” to automakers, Hyatt said. “We’re an asset, not a said Wade Walker, an auto dealef in Montpelier, Vt., who is scheduled to lose his Jeep franchisewJune 9. Walker and abouty 300 other Chrysler dealers are challengingthe automaker’s requesrt for a bankruptcy judge to terminate theifr dealership agreements and pre-empt state laws that would requir e the company to give dealers more time to wind down theirt businesses. Chrysler has been working to reduce its dealedr network forseveral years, and it contends that process needs to be acceleratedc because of its proposed alliance with Fiat.
Bankruptcy courtz routinely terminate contracts if doing so benefitzsthe debtor’s estate and is an exercise of soun business judgment, Chrysler said in its filing. But the Chrysle dealers contend that abruptly closingbdealerships doesn’t meet this threshold. “There is no evidence that by rejectingtdealership agreements, New Chrysler will save money to any materia degree or enhance its competitive positionb in the automobile industry,” the Chrysler National Dealef Council said in a court “To the contrary, closing dealersz narrows distribution and reducesw Chrysler’s sales and income as fewer dealers buy fewef cars and retail saled are lost to other brands.
” Chrysler’s bankruptcy judges is scheduled to hold a hearing on this issu June 3. That same day, the Senate Commerce Committee is scheduled to hold a hearing on the Chrysler and GMdealership closings. “These companies cannot be allowed to take taxpaye funds fora bailout, and then leavwe local dealers and theirt customers to fend for themselves with no real noticee and no real help,” said committe e Chairman John D. “Jay” Rockefeller IV, D-W.Va.
“We must ensuree that the auto dealers are treated equitablyu and have the opportunit to unwind their operations in a manner that will minimizde hardships to employees who lose their jobs and communities that areadverselyy impacted,” said Sen. Kay Bailey Hutchison, R-Texas. Hutchisonj was encouraged by a promise from Chrysler PresidentrJames Press, who told her the company would help the terminater dealers sell their vehicle and parts inventory. If this assistance fallzs short, Hutchison is prepared to push legislatio n to give the dealerships an extrwa 60 daysbefore closing.
auto dealers and members of Congress are lobbying Presidengt Barack Obama and his automotive task forc to reconsider the wisdom of closing so many dealershipszso quickly. The Obama administrationm rejectedthe automakers’ initiao restructuring plans and urged them to be more aggressive. “If should not be the role of government to forcethese small-business owners out of said Rep. Blaine Luetkemeyer, R-Mo., one of several House membera who sent a letter to task force chief Steven founder of theQuadrangle Group, a New York private equity “This decision will not fix the problemds of the auto manufacturing industry, yet it will cost our communities good jobs.
” Walker doesn’t think the auto task force “gets it.” “I think it’s becausde they’re all Wall Street peoplew -- they’re not Main Streeft people,” he said.
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