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Source: http://www.facebook.com/permalink.php?story_fbid=10151537682586892&id=60388086891
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Sunday, August 4, 2013
Friday, August 2, 2013
Obama nominates Senate aide for FCC Republican commissioner
By Jeff Mason and Alina Selyukh
WASHINGTON (Reuters) - President Barack Obama plans to nominate Senate aide Michael O'Rielly to fill the second Republican seat on the Federal Communications Commission, the White House said on Thursday, bringing the agency closer to operating at full capacity.
The Senate has yet to confirm Democrat Tom Wheeler as the FCC's chairman and Senate Republicans have indicated they wanted to wait for O'Rielly's nomination to pair the two for a confirmation vote after the chamber returns from an August recess in September.
The White House on Thursday also said Obama plans to nominate J. Christopher Giancarlo, an attorney and currently the executive vice president of GFI Group, as a commissioner for the Commodity Futures Trading Commission and Patrick Pizzella, a former assistant secretary of labor, as a member of the Federal Labor Relations Authority.
Giancarlo would be the first commissioner from the swaps industry, a market dominated by investment banks, with brokers such as GFI playing an essential role as trading platforms.
The CFTC was given extensive new powers to overhaul the $630 trillion swaps market after the 2007-09 credit meltdown, and has been writing scores of new rules to change the structure of the opaque market.
FCC, meanwhile, has been in a holding mode on the most controversial and critical issues such as planning for the upcoming large auction of airwaves under acting Chairwoman Mignon Clyburn.
Wheeler, tapped to become the new permanent chairman, received a vote of approval from the Senate Commerce Committee on Tuesday, although Republican Senator Ted Cruz warned he might hold up Wheeler's confirmation until the nominee voices a more specific opinion on the power of the FCC over disclosure of political donors behind election TV ads.
The nomination of O'Rielly is expected to speed up the confirmation of Wheeler, an industry veteran who is an Obama fundraiser and adviser, and a former cable and wireless lobbyist.
O'Rielly has spent nearly two decades as a Republican staffer in Congress, most recently serving as a top aide to Senator John Cornyn of Texas. He has also advised former Senator John Sununu of New Hampshire and former House Commerce Committee Chairman Tom Bliley of Virginia on telecommunications issues.
Industry insiders, noting that much of O'Rielly's work has been done outside of the spotlight, described him as deeply knowledgeable about the issues he would address at the FCC thanks to years of experience on Capitol Hill. But several also chose the word "prickly" in talking about his personal style.
O'Rielly, who had in the past been on the short list for FCC commissioner, would join Ajit Pai as the second member of the Republican minority on the five-member panel, replacing former Commissioner Robert McDowell.
"The challenge for the next Republican commissioner is going to be trying to find the balance between being effective and shaping policy versus making a statement and laying the groundwork for a court appeal or congressional action," said McDowell, who is now at the Hudson Institute think tank.
"That always breeds a tension between principles and pragmatism and he will have to balance that."
(Reporting by Jeff Mason and Alina Selyukh; Additional reporting by Douwe Miedema; Editing by Eric Walsh and Eric Beech)
Source: http://news.yahoo.com/obama-nominates-senate-aide-fcc-republican-commissioner-013221102.html
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NASA's Curiosity nearing first anniversary on Mars
[unable to retrieve full-text content]NASA's Curiosity rover will mark one year on Mars next week and has already achieved its main science goal of revealing ancient Mars could have supported life. The mobile laboratory also is guiding designs for future planetary missions.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/hxANKZSJIBw/130802151626.htm
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In protest, man repays insurance money with 4 tons of coins - U.S. ...
Paul Newton, AP
Workers unload dozens of bags full of coins from a Brinks Security truck on Wednesday. Four tons of quarters were delivered by Roger Herrin, who was paying off a portion of a court-ordered legal settlement ? related to a car accident in which his teenage son died ? with quarters packed into dozens of bags.
By Jim Suhr, The Associated Press
ST. LOUIS ??An Illinois businessman outraged by a court order that he return more than $500,000 in insurance money related to a 2001 wreck that killed his teenage son wanted to pay the money back in pennies in protest. But he soon recognized that was unfeasible.
So, Roger Herrin settled on quarters ? four tons of them.
Packed in 150 transparent sacks each weighing about 50 pounds, the $150,000 in coins were nearly one-third of the money an appellate court required Herrin to pay back to resolve years-long legal feuding among the crash's survivors over how $800,000 in insurance proceeds were apportioned.
Obtained from the Federal Reserve in St. Louis, the backbreaking load of quarters were brought in Wednesday by an armored vehicle and delivered on a flatbed truck to two law firms that represented other victims of the wreck.
"There was no satisfaction from doing that," Herrin, who also serves on the Southern Illinois University system's governing board, told The Associated Press on Thursday. "The loss of a child is the loss of a child, and all the money doesn't replace that.
"I just wanted to draw attention to what went on here," the 76-year-old man added before mustering a laugh. "I really wanted to do it in pennies."
It ended the legal wrangling that's happened since Herrin's 15-year-old son, Michael, was killed in June 2001. He was a passenger in a Jeep Cherokee that was broadsided by a truck that blew through a stop sign near Raleigh in southern Illinois' Saline County. Three other occupants of the Jeep were injured.
Roger Herrin got $1.6 million compensation through his own coverage. Of an additional $800,000 paid out through other insurance, the Herrin estate got the bulk of it because of Michael Herrin's death, with the remainder of that money distributed to survivors.
Those survivors appealed and won when the Mount Vernon, Ill.-based 5th District Appellate Court ruled against Roger Herrin, a retired foot surgeon whose business holdings include three southern Illinois nursing homes. Herrin has owned seven community banks, but he's sold those off in recent years.
Herrin complied in paying back the money, but "obviously in protest" with the plastic-sacked quarters he called "heavy as hell."
"I've had 10 years to think about this a little bit, and I'm very, very bitter at this ruling," he said. "It's wrong, and everybody knows it's wrong."
Mark Prince, an attorney for the Jeep's driver and her son, who was also a passenger, declined to discuss the case's merits Thursday, calling that "counterproductive" and a potential violation of a confidentiality agreement.
While saying Herrin's choice of repayment method was his prerogative, Prince said he did find the unannounced delivery "surprising" ? and a burglary risk for his law firm in Marion, Ill., given the media attention instantly foisted onto the thousands of dollars in coins.
"We've been on pins and needles because we had a lot of cash suddenly laying around [and] it was publicized," Prince said. "We don't have safes or vaults, and we lock our front door. Advance notice would have been nice, because we could have made arrangements to have it delivered to the bank."
Douglas Dorris, an attorney for the Jeep's fourth occupant, agreed.
"I am not going to criticize a man who lost his son, who is obviously upset with the decisions of the court," he said. "But I believe the decisions of the appellate court follow the law correctly."
? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Thursday, August 1, 2013
Goodell satisfied Browns owner handling probe
BEREA, Ohio (AP) ? NFL Commissioner Roger Goodell says he's satisfied with Browns owner Jimmy Haslam's handling of the federal investigation into fraud at his family-owned business, and said the league has no plans to intervene at this time.
Goodell, who was at Browns training camp Thursday to launch a youth football initiative on safety, called Haslam a "man of great integrity." Goodell says Haslam has been working hard to fix the problems at Pilot Flying J, which had its headquarters raided in April by the FBI and IRS as part of a probe into fraud at the company.
Goodell said the will continue to monitor the situation, but doesn't think "it's a matter for us at this moment."
Goodell said Haslam has been in constant contact with the league to provide updates throughout the investigation.
Source: http://news.yahoo.com/goodell-satisfied-browns-owner-handling-probe-205831997.html
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Tuesday, July 30, 2013
Presentation College in Aberdeen raises profile with new suites, more
Business After Hours at Presentation College
? What: Presentation College is hosting a networking mixer sponsored by the Aberdeen Area Chamber of Commerce. Attendees can tour the facilities at the new wellness center.
? When: 5:15-7 p.m. Aug. 8.
? Where: Strode Center at Presentation College, 1500 N. Main St.
? RSVP: Call 605-225-2860 or email info@aberdeen-chamber.com by Aug. 7.
? Cost: $12 with an RSVP and $14 the day of the event.
?
?Presentation College's marketing slogan is "Stand Out" and the school is doing that as it works to raise its profile in Aberdeen and beyond.
?New suites for a growing student population are being built on campus. Half will be done before the fall semester begins, said Presentation marketing and public relations director Tim Beckham.
?The other half will be completed later in the fall. The suites will be able to house an additional 158 students, which will more than double housing capacity. Suites at the northwest end of campus can house 144 students.
?Another change to campus will be the conversion of the Strode Activity Center parking lot into a central campus green with benches and other features.
?At the Strode, a new Wellness Center is being completed. Machines and other weightlifiting equipment were installed last week. The center is for athletic training, as well as for use by faculty, staff and students.
?Beckham and administrators such as athletic director Brian Spielbauer and admissions director Adam Jenkins are working to increase visibility of the school.
?"We're on the north side of town, so people might not regularly see what's going on," Beckham said.
?The Aberdeen campus isn't the only one changing. The PC site in Sioux Falls recently moved into a new facility.
? There are other changes as well. Longtime vice president for enrollment JoEllen Lindner resigned from her post in January to take a job as president of the Aberdeen Catholic School System.
?"Any time you lose someone at PC, especially someone with a lot of experience who has helped expand the institution, it's not easy to replace them," Beckham said.
?Jenkins joined the staff a few weeks ago to fill the admissions director position.
?"I was really impressed when I saw they were progressing in this way," Jenkins said of the college.
?Jenkins was previously the interim director of admissions at Minnesota State University Moorhead. He also worked at University of Mary.
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How to Do Business Travel on the Cheap - Mint
Hey, America, nice seeing you.
I was out on the road for the last week, talking about my book in New York, Boston, LA, San Francisco, Berkeley, and Portland, OR, all funded by the?Kickstarter backers?who supported my book before it was published.
Since I was spending other people?s money, I felt a strong responsibility to be frugal with it. Okay, that?s not exactly true.
I initially felt a strong urge to blow it all spectacularly, like the protagonist of a book I read while on the road,?The Art of Making Money: The Story of a Master Counterfeiter.
In the end, my better nature won out, and I booked and took the trip with the following principles in mind:
- Eat, sleep, and otherwise travel cheap
- Look for inexpensive or free venues with easy transit access
- Hit as many cities as possible in about a week (the maximum time I was willing to take off work and away from my family), focusing on the cities with lots of readers
- Don?t lose my mind completely
I?d like to share with you a few things I learned on the road. They?re applicable to far more than a book tour.
With the advent of crowdsourced everything (funding, accommodations, ridesharing, and so on), I think this kind of cheap?DIY?business travel is going to become more common.
I spent about $150 on venues, $500 on airfare, $600 on food and other expenses, and $0 on accommodations.
Last time I went on book tour, bankrolled by a major publisher, I spent more than that in a couple of days. This trip was a lot more fun.
Sometimes business travel and frugal travel are at odds.
If my company were flying me business class and putting me up at the Hyatt, I wouldn?t complain.?And if I were attending a conference where most of the value is in hanging around the hotel swapping beers?and ideas, I?d stay at the hotel.
But my company is myself, and this trip had no conferences.
For microbusiness owners, startups, small software developers, and anyone whose company is looking to get lean, it?s time to start thinking less Hilton and more Airbnb.
Frugal is better
In the 1963 edition of Arthur Frommer?s?Europe on Five Dollars a Day,?the author writes:
?I have one of the better-known European guidebooks before me as I write. This tome states that one really can?t consider staying in Paris at hotels other than the Ritz, the Crillon, or the Plaza Athenee?. It maps out, in other words, the short, quick road to insolvency that most American tourists have been traveling for years.?
I know this because Frommer?s guide is the subject of a hilarious book, Doug Mack?s?Europe on 5 Wrong Turns a Day,?in which Mack finds an old copy of Frommer and decides to use it as his European travel guide today.
No, of course you can?t travel Europe for $5 a day anymore, but Frommer?s point, that frugal travel is more authentic and more fun, is as true as ever, and it applies surprisingly well to business travel.
I began the trip by booking a multi-city trip at?Kayak.com. Many people I?ve spoken to assume that the airlines still charge exorbitant rates for anything other than round-trip flights, but it?s not true.
I booked four legs, including two cross-country flights, all on the same airline (for mileage plan and premium qualification purposes), for less than $600.
I also traveled the two short legs of the trip (New York to Boston and Portland to Seattle) on Amtrak, with tickets purchased via Amtrak Guest Rewards points.
As I arrived in each town, I was greeted with the words that warm a frugal traveler?s heart: ?Is that all you?re carrying??
For getting around, I relied mostly on transit.
All of the cities I visited offer real-time arrival information (via a digital display or smartphone app), support for Google Maps transit directions, and (with the exception of Portland) a plastic transit card that eliminates fumbling for change.
If you?re a reluctant transit rider, these innovations may win you over, but you can also catch a ride with UberX, Lyft, and other ridesharing services that are (usually) cheaper and better than a taxi.
Sleep cheap
In each tour stop, I stayed with friends. This may seem like cheating, but if I hadn?t had friends? beds and couches available, I would have stayed in similar accommodations via Airbnb.
Last time I took a business trip to the Bay Area, for example, I got a $30/night futon via Airbnb, and my host was a confident 9-year-old boy (and his dad) who kept me up late playing Plants vs. Zombies.
Airbnb, of course, also lists private rooms and whole apartments, and covers cities throughout the world.
While I was out on the road, I read a scary article about?a Minnesota musician whose tax status is in jeopardy.
The Minnesota Department of Revenue has classified Venus de Mars as a hobbyist rather than a professional, rejected all of her business expense deductions, and billed her for back taxes.
This was the part that really freaked me out: ?When de Mars goes on tour, she often sleeps at the house of a relative or friend. To de Mars, that is being frugal, but the Department of Revenue saw it as evidence that she was merely expensing a vacation.?
The state also accused de Mars of taking ?too much pleasure from her work.? You may all groan now.
I don?t know the specifics of the Venus de Mars case (except that ?The Venus de Mars Case? is a great album title).
So I started making my imaginary case before the Minnesota Department of Revenue: Is this really business travel? Of course: it?s the kind of business travel that results in more money left over to put into your actual business.
The key issue in small business tax audits always comes down to profit.
Is the business trying to make a profit? Keeping travel expenses low makes it more likely that you can wring a profit out of your business in any given year.
And if that argument doesn?t fly, I could always take up counterfeiting.
Matthew Amster-Burton is a?personal finance?columnist at Mint.com. His new book,?Pretty Good Number One: An American Family Eats Tokyo, is available now. Find him on Twitter?@Mint_Mamster.
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Source: https://www.mint.com/blog/how-to/how-to-do-business-travel-on-the-cheap-0713/
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