International Business Times | Wilson, others urge labor board to withdraw complaints against Boeing in SC WACH COLUMBIA (WACH) -- State leaders are responding to a complaint filed against Boeing's decision to move to South Carolina. Attorney General Alan Wilson and eight other attorneys general say the complaint isn't based on any factual ... Attorneys general from 9 states urge NLRB to drop Boeing complaint |
Friday, April 29, 2011
Wilson, others urge labor board to withdraw complaints against Boeing in SC - WACH
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Wednesday, April 27, 2011
Poizner asks California insurers to divest billions in Iran holdings - Los Angeles Business from bizjournals:
otomaqaqaba.blogspot.com
“State law prohibits California insurance companies from investinv in countries designated as state sponsorwof terrorism,” Poizner said in a June 29 “I have directed California insurers to divest of Iranian government holdings and ordered a survey of theser insurance companies to ensurre compliance with the law. Additionally, I am requiring all insuranc e companies that do business in Californi a todisclose what, if any, indirecrt investments they have in Iran. The move came as Iran’ds government faces continuing internal and external scrutiny of its presidentiakl election twoweeks ago.
Poizner said he’s specifically asking Golden State-bases insurers to report any investments they have with companies that didbusinesss “with the defense, nuclear, natural gas or banking sectors of the Iranian economy as of Marcnh 31.” To protect California consumers, the California Departmeng of Insurance will also closely evaluate any indirec investments by California-based insurers in Iran to “makee sure that they are safe and the department said. The Departmenf of Insurance said Monday that a preliminary analysis shows that Californiaz insurance companies have tens of billionse of dollars invested in companies with substantiakl businessin Iran.
The DOI called insurance companiees “the largest investor groupl in theglobal economy,” with an estimatexd $3 trillion to $4 trillion in worldwidew investments. According to DOI officials, California’s insurancs code specifically prohibits any investmenr in aforeign jurisdiction, or any investment in that foreign jurisdiction’ws currency, if that jurisdiction is designatef by the U.S. government as a state sponsodrof terrorism. This section of the code took effectt Jan. 1, according to DOI. The insurancwe code also authorizes the commissioner to evaluate the of investments by Californiainsurance companies.
Shouldd the Commissioner hold a hearing and find the investments to be he canorder divestment. The department said the survey’zs goal is to determine each California insurer’s levell of indirect investment in specific sectors of the Iranian economy as well as directg investments in the Iranian Each insurer licensed to do businesw in California will be required to list any investmenf in a company thatconductas $20 million or more of business in the Iranian petroleuj or natural gas sectors, or investmentd of any amount in companiezs doing business in Iran’s banking, or defense sectors, including activities relating to the productionm of chemical, biological or nuclear weapons and technologies.
Those reports will be due in approximatelyt90 days, the DOI said. This California regulatorty action willjoin “an existinb array of global and local economic and trade sanctions alreadyg in place against Iran,” the DOI statementg said, including measures by Congress, the European Unionb and the states of Missouri, Texas and California has taken similar measures in the past by directiny the state’s two enormous public pension fundzs to divest Iranian investments.
“We need to strictlty enforce every sanction that is currently in place against the governmentg of Iran and send a clear messagesto Tehran’s oppressive leadership that we as a nationn stand as one,” said Poizner, who is a contender for the Republican gubernatorial nomination to succeed Gov. Arnols Schwarzenegger. “I call on my fellow stat Insurance Commissioners to launch similar investigations in their I will share relevant information we collectr with federal and other government officials and agenciesw as appropriate if we detect suspected violations of federal orstate laws.
”
“State law prohibits California insurance companies from investinv in countries designated as state sponsorwof terrorism,” Poizner said in a June 29 “I have directed California insurers to divest of Iranian government holdings and ordered a survey of theser insurance companies to ensurre compliance with the law. Additionally, I am requiring all insuranc e companies that do business in Californi a todisclose what, if any, indirecrt investments they have in Iran. The move came as Iran’ds government faces continuing internal and external scrutiny of its presidentiakl election twoweeks ago.
Poizner said he’s specifically asking Golden State-bases insurers to report any investments they have with companies that didbusinesss “with the defense, nuclear, natural gas or banking sectors of the Iranian economy as of Marcnh 31.” To protect California consumers, the California Departmeng of Insurance will also closely evaluate any indirec investments by California-based insurers in Iran to “makee sure that they are safe and the department said. The Departmenf of Insurance said Monday that a preliminary analysis shows that Californiaz insurance companies have tens of billionse of dollars invested in companies with substantiakl businessin Iran.
The DOI called insurance companiees “the largest investor groupl in theglobal economy,” with an estimatexd $3 trillion to $4 trillion in worldwidew investments. According to DOI officials, California’s insurancs code specifically prohibits any investmenr in aforeign jurisdiction, or any investment in that foreign jurisdiction’ws currency, if that jurisdiction is designatef by the U.S. government as a state sponsodrof terrorism. This section of the code took effectt Jan. 1, according to DOI. The insurancwe code also authorizes the commissioner to evaluate the of investments by Californiainsurance companies.
Shouldd the Commissioner hold a hearing and find the investments to be he canorder divestment. The department said the survey’zs goal is to determine each California insurer’s levell of indirect investment in specific sectors of the Iranian economy as well as directg investments in the Iranian Each insurer licensed to do businesw in California will be required to list any investmenf in a company thatconductas $20 million or more of business in the Iranian petroleuj or natural gas sectors, or investmentd of any amount in companiezs doing business in Iran’s banking, or defense sectors, including activities relating to the productionm of chemical, biological or nuclear weapons and technologies.
Those reports will be due in approximatelyt90 days, the DOI said. This California regulatorty action willjoin “an existinb array of global and local economic and trade sanctions alreadyg in place against Iran,” the DOI statementg said, including measures by Congress, the European Unionb and the states of Missouri, Texas and California has taken similar measures in the past by directiny the state’s two enormous public pension fundzs to divest Iranian investments.
“We need to strictlty enforce every sanction that is currently in place against the governmentg of Iran and send a clear messagesto Tehran’s oppressive leadership that we as a nationn stand as one,” said Poizner, who is a contender for the Republican gubernatorial nomination to succeed Gov. Arnols Schwarzenegger. “I call on my fellow stat Insurance Commissioners to launch similar investigations in their I will share relevant information we collectr with federal and other government officials and agenciesw as appropriate if we detect suspected violations of federal orstate laws.
”
Monday, April 25, 2011
Ten banks allowed to repay TARP funds - Phoenix Business Journal:
ivyhofy.wordpress.com
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout fundsz under the Troubled Asset ReliefProgramm (TARP) because the so-called stress testws performed by the government revealeds they were healthy enough to pay back the money. The department said the institutionsa have met the requirements for repayment establishedd by federalbanking supervisors. It note that many banks recently have raiseds equity capital from private investors and haveissued long-tern debt that is not guaranteed by the “These repayments are an encouraging sign of financialo repair, but we still have work to Treasury Secretary Tim Geithner said.
More than 600 bankss received a total ofnearly $200 billion throughb the department’s Capital Purchase Program. About $2 billionb of this money was paidback previously. Under the program, bankxs that repay their preferred stock can repurchasse the warrants that the TreasuryDepartment holds. Besidees the proceeds from the sales ofthe warrants, the departmenft also has received $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasuryu Department’s general fund.
They can be used to reduc the national debt and can serve as a cushionh in case the department needs to respond to financial emergenciew inthe future, the department The list of 10 bankzs was not publicly disclosed, but many of the bankes confirmed separately in press releasee that they received approval to buy back preferred sharesx sold to the federal including two banks with sizable Milwaukee-are presences: (NYSE: USB) and J.P. Morgan Chase JPM). U.S. Bank was clearerd to repay $6.6 billion in TARP funds and Chase was approved to repayall $25 billiobn in TARP funds it Locally based banks that received TARP funda include and of Milwaukee, of Menomonese Falls and in Brookfield.
M&I, the Milwaukee-area's largest bank, was not amonyg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it began to sell stock in a sale that could raiss as muchas $350 million in proceeds, part of whicbh the bank said it may use to repay a portion of the $1.7 billiohn capital infusion it received in November 2008 under TARP if approvex by regulators.
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout fundsz under the Troubled Asset ReliefProgramm (TARP) because the so-called stress testws performed by the government revealeds they were healthy enough to pay back the money. The department said the institutionsa have met the requirements for repayment establishedd by federalbanking supervisors. It note that many banks recently have raiseds equity capital from private investors and haveissued long-tern debt that is not guaranteed by the “These repayments are an encouraging sign of financialo repair, but we still have work to Treasury Secretary Tim Geithner said.
More than 600 bankss received a total ofnearly $200 billion throughb the department’s Capital Purchase Program. About $2 billionb of this money was paidback previously. Under the program, bankxs that repay their preferred stock can repurchasse the warrants that the TreasuryDepartment holds. Besidees the proceeds from the sales ofthe warrants, the departmenft also has received $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasuryu Department’s general fund.
They can be used to reduc the national debt and can serve as a cushionh in case the department needs to respond to financial emergenciew inthe future, the department The list of 10 bankzs was not publicly disclosed, but many of the bankes confirmed separately in press releasee that they received approval to buy back preferred sharesx sold to the federal including two banks with sizable Milwaukee-are presences: (NYSE: USB) and J.P. Morgan Chase JPM). U.S. Bank was clearerd to repay $6.6 billion in TARP funds and Chase was approved to repayall $25 billiobn in TARP funds it Locally based banks that received TARP funda include and of Milwaukee, of Menomonese Falls and in Brookfield.
M&I, the Milwaukee-area's largest bank, was not amonyg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it began to sell stock in a sale that could raiss as muchas $350 million in proceeds, part of whicbh the bank said it may use to repay a portion of the $1.7 billiohn capital infusion it received in November 2008 under TARP if approvex by regulators.
Friday, April 22, 2011
Filipinos whipped and nailed to crosses in crucifixion ritual - DigitalJournal.com
xszeyluje.blogspot.com
CBS News | Filipinos whipped and nailed to crosses in crucifixion ritual DigitalJournal.com The religious event culminates with a crucifixion ritual that the Catholic church rejects. "The gory spectacle reflects the Philippines' unique brand of Catholicism, which merges church traditions with folk superstitions. ... Philippines marks Good Friday with crucifixions, bloody rituals Penitents nailed to crosses in Philippine ritual Good Friday crucifixions in the Philippines |
Wednesday, April 20, 2011
Monsanto, BASF announce breakthrough in drought-resistant corn development - St. Louis Business Journal:
burwellmitubaes1369.blogspot.com
The companies said they woulfd use the gene to developthe world’sz first biotechnology-derived drought-tolerant crop. The discoverhy is a timely breakthrough, according to Monsanto. The number and durationb of dry spells, especially in already drought-prone areas, is expectedd to increase due to climate according to aUnited Nations' Food and Agriculture Organization report prepared for ministers of the G-8, Monsantko said. Monsanto and BASF said the drought-tolerant corn product is targeted for as earluy as 2012 pending appropriatseregulatory approvals. The two companiess are jointlycontributing $1.5 billion over the life of their researchh collaboration.
Chemical company BASF is basedin Ludwigshafen, Germany. Creved Coeur, Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistantg crops and other agricultural products. It is one of the largest employersin St. Louis with 4,000 local
The companies said they woulfd use the gene to developthe world’sz first biotechnology-derived drought-tolerant crop. The discoverhy is a timely breakthrough, according to Monsanto. The number and durationb of dry spells, especially in already drought-prone areas, is expectedd to increase due to climate according to aUnited Nations' Food and Agriculture Organization report prepared for ministers of the G-8, Monsantko said. Monsanto and BASF said the drought-tolerant corn product is targeted for as earluy as 2012 pending appropriatseregulatory approvals. The two companiess are jointlycontributing $1.5 billion over the life of their researchh collaboration.
Chemical company BASF is basedin Ludwigshafen, Germany. Creved Coeur, Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistantg crops and other agricultural products. It is one of the largest employersin St. Louis with 4,000 local
Monday, April 18, 2011
World finance leaders warn of uncertainty - Xinhua
http://louisvilleneighborhoods.org/your_heading_goes_here.htm
World finance leaders warn of uncertainty Xinhua That's the message world financial leaders are sending out from their spring meeting. World Bank President Robert Zoellick says the surge in food prices is the biggest threat to the world's poor, pushing 44 million more people into poverty over the ... |
Friday, April 15, 2011
Genmar Holdings files for bankruptcy - Business First of Columbus:
titus-neither.blogspot.com
The petition to reorganize theboat builder’s debts was filecd Monday afternoon in in Minneapolis. The filing includexs more than 20 ofthe company’sa subsidiaries, one of which is Murfreesboro-based Genmae Tennessee LLC. The company has a boat manufacturing and repair facility at theMurfreesborpo location. Genmar Tennessee has from 200 to 1,000 creditorsz and assets between $50,000 and $100,000. The Tennessew company’s filing lists about $750,000 in unsecurer debts owed to its 20 largest The parent company lists its assets in the rageof $10 million to $50 million and its liabilitiesa between $100 million and $500 million, according to courtr documents.
Genmar Holdings’ only secured creditors are and , accordin g to a story in the Minneapolis Star Genmar said it has received commitment fora debtor-in-possessionh financing proposal from both banks. In a Genmar’s largest shareholder, Chairman and CEO Irwin Jacobs says sales ofthe company’s fishing boats, luxury yachts and othert products started to decline in 2008, but worsened in recent The company’s sales in fiscap 2009, which ends in are likely to be about $460 off by more than 50 percentt from fiscal 2008, the company reports.
“If someonde would have said to me as recently as even one monthy ago that Genmar would someday be filingg forChapter 11, I would have said it was not even a remotde possibility,” Jacobs says. Genmar had been making some strategyg changes in recent months and recently announced plans to launch a lineof less-expensivre aluminum boats.
The petition to reorganize theboat builder’s debts was filecd Monday afternoon in in Minneapolis. The filing includexs more than 20 ofthe company’sa subsidiaries, one of which is Murfreesboro-based Genmae Tennessee LLC. The company has a boat manufacturing and repair facility at theMurfreesborpo location. Genmar Tennessee has from 200 to 1,000 creditorsz and assets between $50,000 and $100,000. The Tennessew company’s filing lists about $750,000 in unsecurer debts owed to its 20 largest The parent company lists its assets in the rageof $10 million to $50 million and its liabilitiesa between $100 million and $500 million, according to courtr documents.
Genmar Holdings’ only secured creditors are and , accordin g to a story in the Minneapolis Star Genmar said it has received commitment fora debtor-in-possessionh financing proposal from both banks. In a Genmar’s largest shareholder, Chairman and CEO Irwin Jacobs says sales ofthe company’s fishing boats, luxury yachts and othert products started to decline in 2008, but worsened in recent The company’s sales in fiscap 2009, which ends in are likely to be about $460 off by more than 50 percentt from fiscal 2008, the company reports.
“If someonde would have said to me as recently as even one monthy ago that Genmar would someday be filingg forChapter 11, I would have said it was not even a remotde possibility,” Jacobs says. Genmar had been making some strategyg changes in recent months and recently announced plans to launch a lineof less-expensivre aluminum boats.
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