Monday, December 17, 2012

Boehner offers tax increase for entitlement cuts: source

WASHINGTON (Reuters) - Secretary of State Hillary Clinton, who canceled an overseas trip last weekend because of illness, suffered a concussion after fainting due to dehydration, prompting the postponement of her scheduled congressional testimony on the attack on a U.S. mission in Libya, officials said on Saturday. "While suffering from a stomach virus, Secretary Clinton became dehydrated and fainted, sustaining a concussion," State Department spokesman Philippe Reines said in a statement. "She has been recovering at home and will continue to be monitored regularly by her doctors. ...

Source: http://news.yahoo.com/white-house-says-boehner-offered-tax-increase-entitlement-022832052--business.html

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Sunday, December 16, 2012

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Thursday, December 13, 2012

Your Thoughts Can Determine How Well You Do In Real Estate

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Your thoughts can determine how well you do in real estate. I have seen so many agents in the past few years with the mindset that the economy is so slow that the market is too bad to sell homes. When you focus on the negatives and what is lacking in your business, you miss the opportunities that are around you and constrict the flow of energy that you could put in to your business if you had a better outlook.

Some of the worst thoughts you can have are: "I can't succeed in today's market.", "I don't have enough clients.", "There isn't enough business to go around."... Have you ever thought like this? When you do, you tend to have more fear, stress, anxiety and worry. Dwelling on these things will prevent you from attracting more buyers and sellers. Your thoughts influence your daily reality. The more you focus on the things you DON'T want, the more of that you tend to get!?

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Stop focusing your thoughts on outward circumstances like the economy, the market, and so on. Instead be proactive; don't focus on what the economy or the market is doing. Don't look to external conditions to determine your state of mind. You determine your own state of mind by your thoughts, emotions, and your actions. You create the life you want this way. (or the life you DON'T want)

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To switch to a better mindset is not easy. It takes practice! First you must shift your focus from negative to positive. Successful people tend to embrace change because it represents an opportunity for growth and expansion. They also determine what they want and assume they'll get it.?

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Don't let external conditions determine your mindset. Maintain a better mindset and adopt the beliefs of other successful people. When times seem tough, it is especially important to stay away from a negative mindset. Instead, go within and look for the opportunities for new ways to market yourself from a positive mindset. You'll be amazed at the difference small changes can make!

Here is to a successful 2013 for everyone!

Source: http://rainingcatsandblogs-snt.com/post/3373441/your-thoughts-can-determine-how-well-you-do-in-real-estate-

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S.Africa stocks book record close for third day

JOHANNESBURG (Reuters) - South African stocks booked a record closes on Wednesday, extending their run into a third day, as hopes of further U.S. stimulus boosted riskier assets worldwide.

Mining shares topped the gainers' list on the benchmark JSE Top-40 index as metal prices cruised higher with the price of copper at its strongest level in two months.

The stock market has hit a string record highs this year, largely unmoved by a global economic slowdown, U.S. fiscal problems, wildcat strikes at home and the euro zone debt crisis.

"What alternatives do you have to generate returns? We are in a low interest rate environment, cash is cheap and doesn't earn you anything in the bank so everyone is chasing the same asset for decent returns," Nilan Morar, a dealer at Global Trader.

"If you get a stock market that delivers 20 percent or even 15 percent return that's three or five times what you're getting in money markets and other asset classes."

The benchmark JSE Top-40 index rose 0.51 percent to a record closing high of 34,415.32, pulling back from a record 34,460.45 level set during the session.

The broader All-share index added 0.59 percent to its highest closing level of 38,763.64. It earlier reached a lifetime high of 38,789.43.

Investors are on course to reap about 20 percent return on domestic equities but a weaker rand currency, which has lost about 7 percent of its value so far this year, has eaten into returns for foreign investors.

Helped by higher metal prices, global miner Anglo American added 3.2 percent to 264.50 rand, Anglo American Platinum climbed 3.8 percent to 434.05 and African Rainbow Minerals rose 2.1 percent to 190.20 rand.

On the downside, PPC Ltd slipped 0.73 percent to 32.61 rand after the cement maker said it would pay $69 million for a controlling stake in Rwanda's only cement maker Cimerwa.

Employment placement agency Adcorp Holdings lost 0.6 percent to 29.77 rand after saying it would pay $63 million for a Melbourne-based IT jobs recruiter Paxus.

A total of 212 million shares changed hands, according the preliminary exchange data, with gainers outnumbering decliners 194 to 91 while 71 stocks were unchanged.

Source: http://news.yahoo.com/africa-stocks-book-record-close-third-day-151311486--finance.html

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Wednesday, December 12, 2012

Gas tumbles almost 10 cents a gallon in 3 weeks

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The average price for a gallon of regular gasoline in the United States fell nearly a dime over the past three weeks, following a drop in crude oil prices and as refineries increased output, according to a widely followed survey released on Sunday.

Gasoline prices averaged $3.3766 per gallon on Dec. 7, down 9.62 cents from Nov. 16, according to Trilby Lundberg, editor of the Lundberg Survey.

This marks the ninth week of straight declines, totaling 46.06 cents per gallon since prices hit $3.84 on Oct. 5.

"Softer crude oil prices were the essential enabler," Lundberg said. "Refinery glitches were reduced and resolved one after the other, enhancing supply," she said, adding that seasonally weak demand also contributed.

Hurricane Sandy also had an effect on demand, she said.?

Source: http://www.nbcnews.com/business/gas-prices-tumble-almost-10-cents-gallon-3-weeks-1C7511843

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Monday, December 10, 2012

Business-Ethics Stories Prominent In Global Coverage

Dec 10th, 2012 ? Posted in: News

British employees say they are feeling pressure to cut ethical corners during recession; Wall Street Journal looks at ethics of granting pay raises to execs of companies headed for bankruptcy; many U.K. investors protest that ?ethical? investment funds often are ethical in name only

LONDON and NEW YORK

Developments at the intersection of business and morality were the subject of several headlines last week. Among them:

  • The recession is apparently prompting U.K. employees to take ethical shortcuts, reports the London-based Guardian. A report from the Institute of Business Ethics says 84 percent of British employees indicate that they work honestly ?always or frequently,? but 9 percent say they have been pressured to compromise their ethical standards. Eighteen percent say there is an ?unethical culture? prevalent within their organization. A fifth of British employees say they have witnessed unethical acts, but of them only half say they reported it, notes the Guardian.
  • Relationships between management and workers at the troubled Hostess Brands, Inc., began to sour months ago after workers learned executives received pay raises shortly before seeking bankruptcy protection, reports the Wall Street Journal. The Journal reports that such practices are common and often stir emotions, but are not entirely clear-cut in terms of ethics. On one hand, ?financially ailing companies often pay bonuses and other compensation to executives, directors, and private-equity owners in the months before filing for bankruptcy protection. Federal law restricts ?retention? bonuses paid to such ?insiders? after a bankruptcy case is filed but not before,? notes the Journal. ?Companies often say they are using their best business judgment when paying bonuses to executives who are working overtime to keep operations afloat. A firm?s fate often isn?t known when bonuses are paid, and companies argue they must motivate some executives to stay lest they suffer exoduses that further destabilize troubled situations.?
  • Angry investors are dumping some ?ethical? funds after concluding that not all funds so labeled are really that good, according to a report from Investors Chronicle, a publication of the Financial Times group. The Chronicle writes: ?Independent financial advisers claim the ethical investment market, which has almost trebled in size over the last decade, is clogged with a growing number of ?disillusioned? investors who have bought the funds while under the impression they are more ethical than they are in reality.? Morley reports that a recent study by FairPensions, a charity that promotes responsible investment by pension funds, claimed that almost half of ethical funds fail to fully disclose their investments.

Sources: Investors Chronicle, Dec. 8 ? Guardian, Dec. 7 ? Wall Street Journal, Dec. 3.

For more information, see: Related Newsline story, Dec. 3 ? Related Newsline story, Nov. 26 ? Related Newsline story, Nov. 19 ? Related Newsline story, Nov. 19 ? Related Newsline story, Nov. 12.

User content does not reflect the views of the Institute for Global Ethics or its affiliates. IGE neither guarantees the truthfulness, accuracy, or reliability of any user content, nor endorses any opinions expressed therein.

Our goal is to provide substantive commentary for a general readership; lively debate and opposing opinions are welcome. While most comments will be posted if they are on-topic, non-proselytizing, and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can.

Source: http://www.globalethics.org/newsline/2012/12/10/business-ethics-48/

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Sunday, December 9, 2012

Columbia basketball coach resigns

COLUMBIA STATION ? The Columbia Board of Education on Friday accepted the resignation of former head boys basketball Coach Matt Sheets, who was on paid administrative leave pending a criminal investigation into allegations he was providing beer and marijuana to a 19-year-old former student at the school.

Sheets, who was also a social studies teacher at the high school, was not at the board meeting, according to Superintendent Graig Bansek.

?I think he made the best decision for himself,? Bansek said of Sheets.

Had the allegations been proven, Bansek said, ?we would have gone forward with termination.?

?People in education are held to a higher standard, and we believe as a district they should adhere to it,? Bansek said.

Sheets alerted the district of his intension to resign his teaching and coaching positions in a letter earlier in the week, Bansek said.

?He resigned and said thanks ? he enjoyed his time at Columbia,? Bansek said.

Bansek said Larry Babics, the former girls basketball coach, has replaced Sheets as boys coach and Ken Marlette took over as girls coach.

Sheets, who joined the district three years ago, fell under suspicion after the former student attempted suicide Oct. 14, and her mother looked at her cell phone and Facebook account while trying to figure out what led her daughter to harm herself.

In an affidavit for a search warrant for cell phones owned by the teenager and Sheets, Lorain County Drug Task Force Detective Jim Larkin wrote that the mother discovered text messages on her daughter?s phone that indicated she and Sheets were ?hooking up? and that he was giving her marijuana and beer.

The mother also allegedly learned that Sheets was corresponding with her daughter using the alias ?Jerry Parsons,? a name that showed up both in her phone and on her Facebook account.

Sheets? number was listed under the Parsons pseudonym in the teenager?s cell phone, which her mother learned belonged to him by searching for the number using an online search engine, according to the affidavit. In Facebook messages exchanged by the couple, the teenager wrote to Sheets that she would send him pictures or whatever he wanted if he would give her beer and marijuana, Larkin wrote.

She also asked if he wanted to see her naked or in a bra and panties and appears to have forwarded him pictures, according to the affidavit.

In one exchange setting up an Oct. 12 date at a local bar, the teenager asked Sheets to bring marijuana with him, Larkin wrote.

Sheets allegedly responded that ?you would have to be real nice? and ?some (expletive) like that would have to be a real special person, super nice.?

When Larkin confronted Sheets on Oct. 19, the teacher said he met the teenager for the date at a bar and that they engaged in oral sex.

Larkin wrote that while Sheets admitted to giving the teenager beer, he denied giving her marijuana. He also acknowledged that he received nude photos from her.

The day after the date, the teenager told Sheets that she had a good time the night before and would see him the next week, according to the affidavit.

?(The teenager) says in the message that she will save the beer for tomorrow night, indicating that ?Jerry Parsons? aka Matt Sheets did give her the beer,? Larkin wrote.

The girl?s mother found a case of beer in her room.

Bansek said Sheets never had the teenager as a student in any of his classes and there?s no indication that they had a relationship while she attended school in Columbia. She graduated from another school district, he said.

Sheets did not return phone calls Friday. Bansek said a substitute who is certified to teach social studies will likely handle Sheets? classroom assignments.

Sheets is the second Columbia teacher to resign in 2012. In May, the school board accepted the resignation of fifth-grade science teacher Michelle Kazmierczak after she was charged with disseminating material harmful to juveniles.

She is accused of sending topless photos of herself to an eighth-grader who was dating her daughter at the time. The boy?s father, Tyrone Price, is accused of blackmailing her to keep the photos secret from her husband and police.

Kazmierczak contacted Lorain County sheriff?s deputies in an effort to put a stop to the blackmail and is cooperating with the investigation into Price, who is in a diversion program for stealing from the Amherst Youth Football Association.

Contact Cindy Leise at 329-7245 or cleise@chroniclet.com.

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Source: http://chronicle.northcoastnow.com/2012/12/08/columbia-basketball-coach-resigns/

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