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Source: http://www.facebook.com/JacksonSun/posts/10151757881644511
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Tuesday, July 30, 2013
Monday, July 29, 2013
Gunman among 7 dead after Fla. apartment shootout
HIALEAH, Fla. (AP) ? A gunman holding hostages inside a South Florida apartment complex killed six people before being shot to death by a SWAT team that stormed the building early Saturday following an hours-long standoff, police said.
Sgt. Eddie Rodriguez told The Associated Press that police got a call around 6:30 p.m. Friday that shots had been fired in a building with dozens of apartments in Hialeah, a few miles north of Miami.
Rodriguez said that when police arrived, they discovered an active shooter situation: "He's inside the building, moving from floor to floor. Eventually he barricades himself in an apartment."
A crisis team was able to briefly establish communication with the man. Rodriguez said negotiators and a SWAT team tried talking with him from the other side of the door of an apartment unit where he was holding two hostages.
But Rodriguez said the talks eventually "just fell apart." Officers stormed the building, fatally shooting the gunman in an exchange of gunfire.
"They made the decision to go in there and save and rescue the hostages," Rodriguez said. Both hostages survived. Rodriguez said he didn't have any information on how long negotiations lasted.
He said police discovered two people, a male and female, shot to death in the hallway in front of one unit. Three more, a male and two females, were found shot and killed in another apartment on a different floor. Another man who was walking his children into an apartment across the street also was killed. Rodriguez said it wasn't immediately clear whether the gunman took aim at him from an upper-level balcony or if he was hit by a stray bullet.
Zulima Niebles said police told her that three of her family members were among the victims. She said her sister Merly Sophia Niebles, her sister's husband, and her sister's daughter Priscila Perez, 16, were all shot and killed.
Zulima Niebles' husband, Agustin Hernandez, was moving the family's things out of the apartment building and into his car Saturday. Among them were several photos, one showing the teen girl smiling in a red graduation gown, another of his sister-in-law in a white dress, wearing pearls.
Marcela Chavarri, director of the American Christian School, said Priscila Perez, 16, was about to enter her senior year at the school.
"She was a lovely girl," Chavarri said through tears. "She was always happy and helping her classmates."
Officials were not identifying the gunman or victims. Rodriguez said police were still investigating.
Neighbor Fabian Valdes, who lives across the street from the site of the standoff, said he heard shots fired and then looked out his window and saw a man lying on the floor, outside the front lobby. He was on his back and had his arms and legs outstretched.
Valdes said he was in shock. "It's something you never expect," he said.
In Hialeah ? a suburb of about 230,000 residents, about three-quarters of whom are Cuban or Cuban-American ? the entrance to the quiet neighborhood lined with apartment buildings was blocked off early Saturday.
The standoff occurred in an aging beige five-story building with an open terrace in the middle. The apartment where neighbors said the shooting started was charred, the door and ceiling immediately outside burned black.
Miriam Valdes, 70, said she lives on the top floor ? one floor above where the shooting began. She said she heard gunfire and later saw smoke entering her apartment.
She described running in fear to the unit across the hall, where she stayed holed up as officers negotiated with the gunman.
From the apartment, Valdes said she could hear about eight officers talking with the gunman.
She said she heard the officers tell him to "let these people out."
"We're going to help you," she said they told him.
She said the gunman first asked for his girlfriend and then his mother but refused to cooperate.
Ester Lazcano said she lives two doors down from where the shooting began and was in the shower when she heard the first shots. Then there were many more.
"I felt the shots," she said.
Neighbors said the gunman lived in the building with his mother, but police wouldn't confirm that information.
Rodriguez said police were still investigating identities of victims and the gunman, as well as a possible motive.
"Investigators are talking with families of the victims, neighbors, people that were present when all this began," he said. "That way we can start to piece together this huge puzzle that we're working with."
___
Associated Press writer Suzette Laboy contributed to this report.
Source: http://news.yahoo.com/gunman-among-7-dead-fla-apartment-shootout-095137897.html
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Sunday, July 28, 2013
Facebook Admits Ad Exchange Is Small Part of Ad Business and 2 Other Hot Stocks to Watch
Facebook Inc. (NASDAQ:FB): Current price $34.67
Facebook?s?Sheryl Sandberg?said something that has rocked her company?s world:??One thing worth noting is that FBX which is part of that programmatic selling is actually a very small part of our business and I think sometimes people don?t understand that. So that piece is quite small.??This admission was a rude shock?to the adtech world and some analysts, who had made projections that the exchange?could soon be worth billions to Facebook. On the earnings call, analyst Youssef Squali at Cantor Fitzgerald asked about ?programmatic? advertising on Facebook.?These ads are?purchased?via extremely fast automated real-time bidding systems, rather than being manually placed and targeted, and constitute a big trend in the ad universe, with more money moving into the area.
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Rio's Copacabana stages show for pope
RIO DE JANEIRO (AP) ? Pope Francis presided over one of the most solemn rites of the Catholic Church on Friday, a procession re-enacting Christ's crucifixion that received a Broadway-like treatment befitting its improbable location, Rio's hedonistic Copacabana beach.
Copacabana, which hosts Carnival and Rolling Stones concerts when bikini-clad beauties aren't sunbathing on its white sands, lived up to its reputation by staging a wildly theatrical, and very Latin telling of the Way of the Cross, complete with huge stage sets, complex lighting, a full orchestra and a cast of hundreds acting out a modern version of the biblical story.
The procession is one of the mainstay events of World Youth Day, designed to remind young Catholics about the root of their faith that Christ died to forgive their sins.
Francis tried to drive that home in remarks to the crowd, huddled in jackets on a chilly but finally rain-free night, telling them Jesus bears all the suffering of the world: of the families whose children fall prey to the "false paradise" of drugs, of the hungry "in a world where tons of food are thrown out each day," of those who are persecuted for their religion, their beliefs "or simply for the color of their skin."
"Jesus is united with so many young people who have lost faith in political institutions, because they see in them only selfishness and corruption," Francis said in another reference to the violent protests that broke out in Brazil last month against rampant corruption and inefficiencies in the government.
At the start, Francis greeted some special guests who had a place of honor on the stage: 35 "cartoneros" ? trash recyclers from Argentina whom he invited to participate in the Rio festival, continuing a relationship he started as archbishop of Buenos Aires. There, the former Cardinal Jorge Mario Bergoglio would celebrate Masses for the cartoneros, prostitutes and others on the margins of society.
After the pope left Copacabana, a group of about 200 anti-government protesters arrived near the stage, the latest in hundreds of such demonstrations to hit Brazil since June. Police pushed back some of the protesters as they tried to gain access to the stage. The pope himself, who has long lashed out against political corruption, has lent encouragement to peaceful protests. The protesters began leaving the beach about an hour after arriving.
Francis started his day Friday with another World Youth Day standby, hearing the confessions of five young pilgrims in a Rio park.
"It was just five minutes, it followed the regular ritual of confession, but then Francis stayed and talked with us," said one of the five, Estefani Lescano, 21, a student from La Guaira, Venezuela. "It was all very personal. He told us that young people have the responsibility of keeping the church alive and spreading the word of Christ."
Later, Francis met privately with a few juvenile detainees, a priority ever since his days as archbishop of Buenos Aires and an expression of his belief that the church must reach out to the most marginalized and forgotten of society.
Even now as pope, he calls a group of youths in a Buenos Aires detention center every two weeks just to keep in touch, and one of his most memorable gestures as pope has been his Holy Thursday Mass at a juvenile detention center in Rome where he washed the feet of young offenders.
On Friday, other young offenders presented Francis with a large homemade rosary made out of Styrofoam balls, each one bearing the names of the eight street children gunned down by police death squads in 1993 as they slept outside Rio's Candelaria church ? a notorious massacre that underscored the unequal treatment that outcasts often receive in Brazil. On the cross were the words "Candelaria Never Again" in Portuguese.
In a sign that they too were part of the World Youth Day events, each of the youngsters wore one of the official festival T-shirts.
Francis also had lunch with a dozen World Youth Day volunteers from around the globe, bringing them to tears when he asked them a simple rhetorical question on which to reflect: Why were they here having lunch with the pope while others were hungry in the slums?
The sun finally came out on Friday, ending four days of rain that soaked pilgrims and forced the relocation of the festival's culminating Mass on Sunday. Instead, the Mass and the Saturday night vigil that precedes it will take place at Copacabana beach rather than the mud pit covering the original site in Guaratiba, some 50 kilometers (30 miles) west of central Rio.
The improved weather also provided a brighter backdrop for his words to young and old during his noon prayer, in which he praised the elderly for passing on wisdom and religious heritage.
Francis has made a point of not just focusing on the next generation of Catholics during World Youth Day, but on the older generation as well. It's part of his longstanding work caring for the elderly in Argentina, the crucial role his own grandmother played in his spiritual development and the gentle deference he shows his predecessor, Benedict XVI.
Speaking from the balcony of the residence of Rio's archbishop, Francis noted that Friday is celebrated as Grandparent's Day in much of the world and that young people should take the occasion to honor and thank their grandparents for the wisdom they share.
"How important grandparents are for family life, for passing on the human and religious heritage which is so essential for each and every society!" he said.
Francis spoke about the important "bridge" between young and old in his brief remarks to journalists en route to Rio earlier in the week, saying young Catholics have the strength to move the church forward while older Catholics have the "wisdom of life" to share that shouldn't be discarded.
"This relationship and this dialogue between generations is treasure to be preserved and strengthened," he said Friday.
___
Associated Press writers Jenny Barchfield, Marco Sibaja and Vivian Sequera contributed to this report.
___
Nicole Winfield on Twitter: www.twitter.com/nwinfield
Bradley Brooks on Twitter: www.twitter.com/bradleybrooks
Source: http://news.yahoo.com/rios-copacabana-stages-show-pope-221835860.html
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Tomorrowland 2013: Watch An Exclusive Sneak Peek Of Colossal Main Stage!
Dimitri Vegas & Like Mike show MTV News what fans can look forward to at this weekend's massive fest in Belgium.
By Sam Hendrick
Source: http://www.mtv.com/news/articles/1711369/tomorrowland-2013-tour.jhtml
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Saturday, July 27, 2013
Monticello mayor considers appointing his girlfriend to fill trustee seat
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Published: 10:17 AM - 07/26/13
Last updated: 11:00 AM - 07/26/13
MONTICELLO ? Mayor Gordon Jenkins said he is giving serious consideration to appointing his girlfriend Rochelle Massey to fill a vacant board seat.
While Jenkins said Friday he has not absolutely made up his mind, he said he could possibly appoint Massey to the $6,588 annual post during the board meeting on Monday.
She would fill a seat automatically left vacant by T.C. Hutchins, until a special election in March. Hutchins was convicted on July 11 in a felony corruption case of attempting to get his friend a job on the police force.
?I have been looking at people but they can't take the heat,? Jenkins said. ?They get criticized and they have jobs and they don't want to do it. The thing about Rochelle and myself is ? we don't need any favors, money or jobs. We can be fair?for all.?
After Hutchins' seat was vacated, Jenkins said he preferred to wait until a special election. He said that the two board members assigned as auditors ? Larissa Bennett and Carmen Rue ? need to sign off on checks before they can be released. Jenkins, who is serving as the acting village manager, said the consulting attorney Dennis Lynch is owed money for litigation. Jenkins said he needs three board votes to override Rue and Bennett so bills can be paid.
?Larissa and Carmen are refusing to sign checks because they don't like certain people,? Jenkins said. ?How do you move forward when they don't sign checks??
Rue has posted a statement on her web page, accusing Jenkins of incompetence. She appeals for any local attorney to represent her in attempting a court action to have Jenkins forcibly removed for ?misconduct, maladministration, malfeasance and malversation in office.? Bennett has declined to talk about the turmoil in the village.
Massey has been Jenkins' domestic partner for many years and works behind the counter at his store, G. Man Beauty Supplies on Broadway. She was also Jenkins' co-defendant in early 2010 when both were arrested at the store and charged with felony trademark counterfeiting after a state police investigation of counterfeit goods. They ultimately pleaded guilty to misdemeanors, admitting to selling knock-off Nike brand shoes and other items and were fined.
Jenkins said he consulted with the New York Conference of Mayors and was told he could legally appoint Massey. He said he ?didn't give a crap? if his political opponents accuse him of nepotism.
?It is perfectly legal,? he said. ?Those are the laws that I follow.?
vwhitman@th-record.com
We reserve the right to remove any content at any time from this Community, including without limitation. Please check our Community Rules for more information. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form. New comments are only accepted for two weeks from the date of publication.
Source: http://recordonline.com/apps/pbcs.dll/article?AID=/20130726/NEWS/130729816/-1/rss01
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Reasonable science standards for Kentucky students called ?fascistic?
There are new science standards in Kentucky, which I believe are the ones outlined on this page.? They mandate understanding of evolution (as a fact! OMG!) and an acceptance that humans are causing global warming. I give a sample of each.
Here are the standards for evolution in high school (grades 9-12), which include good stuff like this:
And for ?Earth and human activity? (including climate change):
Of course, Kentucky being where it is, its good citizens (I use that term loosely) aren?t going to let this rest, and, according to Cincinnati.com, a hearing in Frankfort, Kentucky brought out all the yahoos, and it was quite a fracas:
Supporters and critics of Kentucky?s new science education standards clashed over evolution and climate change Tuesday amid a high-stakes debate on overhauling academic content in public schools.
Opponents ridiculed the new standards as ?fascist? and ?atheistic? and said they promoted thinking that leads to ?genocide? and ?murder.?
Supporters said the education changes are vital if Kentucky is to keep pace with other states and allow students to prepare for college and careers.
Nearly two dozen parents, teachers, scientists and advocacy groups commented at a state Department of Education hearing on the Next Generation Science Standards ? a broad set of guidelines that will revamp content in grades K-12 and help meet requirements from a 2009 law that called for improving education.
On the pro side, a few scientists spoke:
?Students in the commonwealth both need and deserve 21st-century science education grounded in inquiry, rich in content and internationally benchmarked,? said Blaine Ferrell, a representative from the Kentucky Academy of Sciences, a science advocacy group that endorses the standards.
Dave Robinson, a biology professor at Bellarmine University, said neighboring states have been more successful in recruiting biotechnology companies, and Kentucky could get left behind in industrial development if students fail to learn the latest scientific concepts.
But they were outnumbered by outraged parents opposed to the ?fascistic and atheistic standards? (how could a good science standard be anything but atheistic, at least in terms of leaving out God?). Read and weep. I?ve put these in bold; they?d be funny if they weren?t so crazy and sad:
But the majority of comments during the two-hour hearing came from critics who questioned the validity of evolution and climate change and railed against the standards as a threat to religious liberty, at times drawing comparisons to Soviet-style communism.
One parent, Valerie O?Rear, said the standards promote an ?atheistic world view? and a political agenda that pushes government control.
Matt Singleton, a Baptist minister in Louisville who runs an Internet talk-radio program, called teachings on evolution a lie that has led to drug abuse, suicide and other social afflictions.
?Outsiders are telling public school families that we must follow the rich man?s elitist religion of evolution, that we no longer have what the Kentucky Constitution says is the right to worship almighty God,? Singleton said. ?Instead, this fascist method teaches that our children are the property of the state.?
At one point, opponent Dena Stewart-Gore of Louisville also suggested that the standards will marginalize students with religious beliefs, leading to ridicule and physiological harm in the classroom, and create difficulties for students with learning disabilities.?The way socialism works is it takes anybody that doesn?t fit the mold and discards them,? she said, adding that ?we are even talking genocide and murder here, folks.?
These statements are beyond belief. Communism? Atheistic world view? Evolution as a cause of suicide and drug abuse? Physiological harm to students? Evolution as a ?rich man?s elitist religion??? And yes, children are property of the state when it comes to how they?re taught science in public schools.? Can you imagine the result if the parents of Kentucky voted on the school currriculum? It would be back to flood geology!
These standards still need to be approved by the school board, and then forwarded to the legislature for approval.? In the meantime, the people of Kentucky should grow up and accept the facts.
h/t: Ant
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Wednesday, July 24, 2013
How Would the U.S. Respond to a Nightmare Cyber Attack?
Image: FBI
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Showcasing more than fifty of the most provocative, original, and significant online essays from 2011, The Best Science Writing Online 2012 will change the way...
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SA Forum is an invited essay from experts on topical issues in science and technology.
It?s been a busy summer for computer security mavens. The U.S. and China locked horns on cyber espionage, Edward Snowden allegedly leaked classified intelligence about National Security Agency (NSA) monitoring programs that target communication networks, and the Cobalt malware took 13 U.S. oil refineries offline. If you missed that last one, that?s because it was fictional?a scenario created for a student cyber attack challenge held on June 15 at American University in Washington, D.C.
The event was a sort of a hybrid Model U.N. hackathon cyber war games exercise, involving 65 college and graduate students (including myself) who are training for careers as future cyber warriors and policy makers. In many ways the Cyber 9/12 Student Challenge mirrors the U.S. government?s own Cyber Storm exercises, with the important exception that the student exercise isn?t mandated by Congress to strengthen cyber preparedness in the public and private sectors.
The Cobalt malware?an invention of the Atlantic Council, which hosted the event?was fake, but its target was a real-life vulnerability: the U.S. energy infrastructure, specifically the oil refineries and pipelines that produce and transport gasoline and other refined fuel products all across the country. Almost any discussion or description of a doomsday cyber scenario involves an attack on U.S. critical infrastructure. You can see this play out in the Cyber Storm exercises hosted every few years by the Department of Homeland Security for government and industry organizations to practice cyber threat responses. In three simulations that took place in 2006, 2008 and 2010, catastrophic cyber attacks caused clear and serious physical damage. A computer virus that turns off the lights, shuts down the telephone system and halts military operations could cost lives.
To date, intentional computer-based attacks that have direct physical impacts have been few and far between, so far as we know. That doesn?t mean these scenarios couldn?t happen in real life, or that there aren?t real and serious vulnerabilities in the country?s critical infrastructure networks. There is a perception that we haven?t yet experienced such a catastrophe because of a combination of luck and the reluctance on the part of nations, militias and other entities capable of launching a cyber attack to set a dangerous precedent. In 2011, for instance, news outlets reported that the Obama administration decided against infiltrating the computer systems of the Libyan government to interfere with their military communications and air-defense system due to concerns about whether other nations might follow suit as well as uncertainty surrounding whether such measures required Congressional approval. The Stuxnet worm that in 2010 struck Iranian nuclear facilities, causing centrifuges to speed up, thereby interrupting the uranium enrichment process essential for the development of nuclear technology, is the exception, judging by unclassified knowledge.
At the Atlantic Council?s event, there was a strong sense that a successful cyber attack on U.S. critical infrastructure is inevitable. There?s also a pervasive fear that when (or if) such an attack occurs, the U.S. is primed to overreact. Department of Defense announcements that they intend to view cyber attacks as ?acts of war? suggest a military force nearly itching to flex its muscle in response to a serious computer network?based disruption, if only as a means of deterrence. Cybersecurity professionals?not to mention students hoping to work in the field someday?can also have an incentive to trumpet the threat of cyber attack that at times may heighten the risk of overreaction. At least five times over the course of the daylong cyber challenge, we were reminded by presiding officials how crucially important the work we?re doing is, and how desperately the country needs people like us.
Concerns about overreaction and the use of military force in response to digital intrusions often lead to discussions about the difficulty surrounding definitive attribution of these types of attack. If you want to retaliate, how do you know whom to hit? In our exercise intelligence pointed to Russia, but the evidence wasn?t clear-cut.
Source: http://rss.sciam.com/~r/sciam/basic-science/~3/vb5FlY5876A/article.cfm
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Tuesday, July 23, 2013
Monday, July 22, 2013
Superman's past, future takes Comic-Con spotlight
This film publicity image released by Warner Bros. Pictures shows Henry Cavill as Superman in "Man of Steel." (AP Photo/Warner Bros. Pictures, Clay Enos, File)
This film publicity image released by Warner Bros. Pictures shows Henry Cavill as Superman in "Man of Steel." (AP Photo/Warner Bros. Pictures, Clay Enos, File)
Gary McAuley, dressed as retired Superman, attends Comic-Con, Friday, July 19, 2013, in San Diego. (AP Photo/U-T San Diego, K.C. Alfred)
SAN DIEGO (AP) ? The cape, the curl, the S on the chest.
Superman is among comics' most recognizable characters, and 75 years after Cleveland teenagers Jerry Siegel and Joe Schuster's Kryptonian made his debut in the pages of Action Comics No. 1, his popularity remains stratospheric.
At Comic-Con International, Superman's presence could be seen everywhere ? in the attendees wearing versions of his many costumes and in scenes from the television serials, cartoons and films.
"Superman was the first comic book superhero and the first cross-media sensation. Practically everyone of every generation knows and recognizes the character, so that's a huge asset for his ongoing popularity," said Rob Salkowitz, author of "Comic-Con and the Business of Pop Culture."
"Batman has been more successful in the past couple of decades because he is in some ways more relatable ?but also because of the times. Batman speaks to our fears. He's about revenge and darkness," he said. "Superman speaks to our hopes. He's about transcending our limitations. He's about using vast power for public good, not private gain."
Jim Lee, co-publisher at DC Entertainment who, along with writer Scott Snyder, created the new Superman comic book "Superman Unchained," said few characters have been as relevant as Superman for so long.
"Name another character that's been around for 75 years that's still being published and relevant," challenged Lee.
"There are very few that are still relevant to today's culture and to today's audience that are still being published," Lee said, giving as examples that Superman was a social crusader in the 1930s, fought Nazis in the 1940s, was a yuppie in the 1980s "and in the '90s had a mullet!"
His popularity can be measured in not just sales of comics, but in tickets, too. Zack Snyder's "Man of Steel" has made more than $630 million at the box office. And Saturday's announcement of a sequel, of sorts, became the buzz of Comic-Con with news that it would pair Superman with DC's other big name hero, Batman.
"Let's face it, it's beyond mythological to have Superman and our new Batman facing off, since they are the greatest super heroes in the world," Snyder said.
At a Comic-Con panel exploring Superman's history, and his future, a team of creators who have written the character, and actors on the shows and films about him, spoke Saturday about Superman's relevance and invulnerability to obsolescence.
"Like Batman, this is a very malleable character that can change and still be his core influence," said writer Grant Morrison, whose take on the character in the pages of "All-Star Superman" was critically lauded.
Morrison said that as times change, so too, has Superman, serving as a mirror not to a Phantom Zone, but to contemporary real life.
That was a nod to the darker tone in "Man of Steel," a grittier take on not just Superman, but his upbringing and influences, too.
"He's just reflecting a general tendency, as he always does. Superman has to reflect what people are feeling. I think it's an inevitable part of his development," Morrison said. "If he's dark now, it's because we're all a little bit dark."
With 75 years now passed, DC Entertainment co-publisher Dan DiDio said that the comics will continue their retelling of his early days, which in the New 52 universe that launched in 2011, includes a budding romantic relationship with Wonder Woman, a return trip to Krypton and more.
"Superman is such an identifier for who we are and what we are about ? not just DC Comics but just comics in general," DiDio said. "He is just as strong and probably more vibrant than ever."
___
Follow Moore at http://www.twitter.com/mattmooreap
___
Warner Bros. Entertainment and DC Entertainment are owned by Time Warner Inc.
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Saturday, July 20, 2013
'Amazing Spider-Man 2': Inside Dane DeHaan And Jamie Foxx's Bromance
The actor playing Harry Osborn isn't quite ready to talk about the Green Goblin.
By Kevin P. Sullivan, with reporting by Josh Horowitz
Source: http://www.mtv.com/news/articles/1710911/amazing-spider-man-2-dane-dehaan-jamie-foxx-bromance.jhtml
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Mayor dances to Blurred Lines at Robin Thicke concert
Blurring the line between aerobics and ballet, Mayor Rahm Emanuel was caught dancing solo in the crowd enjoying red-hot Robin Thicke at this year?s Taste of Chicago.
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Likely very much unaware of both the nearby camera and the lyrics he was enjoying, halfway through the hit song ?Blurred Lines?, Mayor Emanuel flung off his tie & popped his cufflinks without missing a beat.
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This year?s shortened five-day Taste of Chicago attracted some 1.5 million visitors.
Source: http://feedproxy.google.com/~r/wgnnews/~3/llRkxuWlZ80/
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Kid Gives Up at Church Communion [Click to animate] "Oh well....
[unable to retrieve full-text content]
Source: blog.collegehumor.com --- Friday, July 19, 2013
Kid Gives Up at Church Communion [Click to animate] "Oh well. Guess I?ll just go to hell then." ...
Source: http://blog.collegehumor.com/post/55940215301
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Friday, July 19, 2013
Timeline: A brief history of Detroit's fiscal problems
[unable to retrieve full-text content](Reuters) - Detroit's financial decline that led on Thursday to the biggest U.S. municipal bankruptcy filing in the country's history can be traced back to the waning days of long-time Mayor Coleman Young's administration (1974-1993), when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised concerns over potential bankruptcy. Moody's Investors Service cut the city's debt rating into junk in July 1992. ...
Source: http://news.yahoo.com/timeline-brief-history-detroits-fiscal-problems-004753511.html
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State legislature extends renewable energy tax benefits
The 2nd Special Session of the 2013 Washington Legislature passed ESSB 5882, which affects several tax provisions relating to renewable energy in Washington.?
ESSB 5882 extends several tax incentives, among other things.
- Extends the special B&O tax rate of .275% for manufacturers, processors for hire, and wholesalers of solar energy systems, until June 30, 2017, with clarifications.
- Extends the existing sales and use tax exemption for hog fuel until June 30, 2024, with additional compliance and reporting requirements.
- Extends the sales and use tax exemption for machinery and equipment used in facilities that generate electricity from solar energy to June 30, 2018.
- Extends the sales and use tax exemption for machinery and equipment used in facilities that generate electricity from other renewable energy to January 1, 2020.
Thanks to Stoel Rives for information for this post. Their full Energy Tax Alert is online.
More on Renewable Energy.
Source: http://blog.seattlepi.com/energy/2013/07/17/state-legislature-extends-renewable-energy-tax-benefits/
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Wednesday, July 17, 2013
State media: Mexico captures Zetas cartel leader
By Catherine E. Shoichet, CNN
updated 11:29 PM EDT, Mon July 15, 2013
STORY HIGHLIGHTS
- Miguel Angel Trevino Morales has been captured
- Mexican official: The Zetas leader had $2 million with him
- Known as Z-40, he headed the ruthless Zetas cartel
- Senior State Department official: "It is a very big get"
(CNN) -- A Mexican military helicopter hovered south of the border in the early morning darkness.
Below it, one of the country's most wanted drug lords was riding in a pickup truck.
Mexican authorities say they'd been tracking Zetas cartel boss Miguel Angel Trevino Morales for months. Early Monday morning, their moment came to swoop in.
The helicopter stopped a pickup Trevino was riding in 27 kilometers away from the border city of Nuevo Laredo, said Eduardo Sanchez Hernandez, the Mexican government's security spokesman.
Trevino, known as Z-40, had $2 million dollars and eight weapons with him when he was captured around 3:45 a.m., Sanchez said.
The Zetas leader was riding in the pickup truck with two others, who were also arrested. No shots were fired in the operation, Sanchez said.
Trevino, 40, faces charges of organized crime, homicide, torture and money laundering, Sanchez said. There are at least seven arrest warrants for his capture.
His arrest is the most significant blow to drug trafficking in Mexico since President Enrique Pe?a Nieto took office in December.
Mexican authorities had been offering a reward of 30 million pesos (about $2.4 million) and the U.S. State Department had been offering an award of up to $5 million for information leading to his capture.
In a press conference describing the dramatic military operation late Monday night, Sanchez said Trevino was known for "cruelty" and "the fury with which he attacked his victims."
The Zetas started out as the enforcement arm of Mexico's Gulf cartel, but later split off and formed their own drug trafficking organization.
They have since branched out into extortion, kidnapping and human smuggling.
Last year Mexican authorities announced that they had killed Heriberto Lazcano Lazcano, who had been the cartel's leader.
The high-profile arrest came the same day that Mexico's defense secretary and the head of Mexico's navy met with Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff.
A senior State Department official praised Mexican authorities for Monday's arrest.
"Credit goes to the Mexican government for this," the official said. "It is a very big get.
It is unclear whether the arrest will qualify for the U.S. government's reward program, the official said.
"We work well with these guys and congratulate them," the official said.
CNN's Elise Labott, Mariano Castillo, Ariel Crespo and Michael Roa contributed to this report.
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Dell founder stands firm on buyout offer as vote delay mulled
By Greg Roumeliotis and Soyoung Kim
(Reuters) - Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world's No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday.
The outcome of a shareholder vote scheduled for Thursday on the offer is too close to call. Dell may decide to delay the vote to gain time to win support for the deal, a person familiar with the matter said earlier on Tuesday.
With a nearly 16 percent stake in Dell and ties going back three decades to the creation of the company out of his college dorm room, Michael Dell is seen as having much more at stake in the deal going through than Silver Lake, a financial investor that often walks away from deals.
During late-stage negations leading up to the February 5 buyout agreement, Michael Dell had to subsidize the returns of Silver Lake, which declined to raise its contribution further. The Dell founder agreed to roll over his shares at $13.36 each versus the $13.65 offered to shareholders.
But the two people with knowledge of Michael Dell's and Silver Lake's plans said on Tuesday that any decision to increase the offer now would be taken jointly and that both parties have decided there will not be any bump in their $13.65-per-share offer.
Activist investor Carl Icahn has spearheaded opposition to the bid and presented a proposal of his own with Southeastern Asset Management Inc, although this will not go to a vote on Thursday.
Dell's special board committee will likely make a decision by Thursday morning, based on whether enough votes have been cast to indicate the buyout would be blocked. Dell's board has set up the special committee to independently assess the best option for shareholders, without influence from Michael Dell, who is the company's chairman and chief executive officer.
Officials for Dell and its special board committee, and Silver Lake, declined to comment.
Dell shares ended trading on Tuesday down 1 percent to $13.02. That is below Michael Dell and Silver Lake's offer of $13.65 per share, indicating that more investors now see the outcome of the buyout vote as uncertain.
It is unusual for companies to delay such a special meeting of shareholders so close to the date but it is possible, said Jesse Fried, professor of law at Harvard University.
"Usually there is a delay because the management wants to lobby more shareholders," Fried said. "Doesn't usually mean the terms of the deal are going to change."
But Dell's special board already has had many months to convince shareholders. If the deal closes in October as envisaged, shareholders will have received an additional 24 cents per share in dividends since the buyout was announced.
WAR OF WORDS
Dell's special committee has warned that the stock might drop to anywhere between $8.67 and $5.85 if shareholders reject the buyout, leaving them with a company in decline as consumers continue to snub desktop and laptop computers in favor of tablets and smartphones.
The war of words continued on Tuesday with Dell's special board committee publishing a letter to the company's shareholders reiterating its position that Icahn's proposal would be too risky for them because it calls for saddling the company with debt while leaving it public.
Icahn hit back by releasing consolidated statements of income that he said showed how the company would still be viable if his proposal was adopted. His partner Southeastern issued a statement claiming Wall Street analysts who have been downbeat on Dell have previously got their estimates on the valuation of its peer Hewlett-Packard Co wrong.
Earlier on Tuesday, CNBC reported that BlackRock Inc, which has a stake in Dell of more than 3 percent, was likely to vote against the buyout. A BlackRock spokesman declined to comment.
On Monday, T. Rowe Price Group Inc, which has a roughly 4 percent stake in Dell, affirmed its opposition to the buyout through a statement.
Many other shareholders, including Highfields Capital Management, Pzena Investment Management and Yacktman Asset Management, have also said they would vote against the offer because they see it as too low.
Nevertheless, all three major shareholder advisory firms have recommended Michael Dell's offer, potentially influencing the decisions of a plethora of small mutual funds that typically follow their lead.
Icahn has argued since March that Dell's founder is trying to steal the eponymous company away from shareholders almost 30 years after he founded it with just $1,000.
Icahn and Southeastern announced their latest alternative offer for Dell last week. It calls for a buyback of up to 1.1 billion shares at $14 apiece and a Dell warrant offered for every four shares held.
Each warrant would entitle the holder to buy one Dell share for $20 each within the next seven years.
Icahn estimates the value of his latest offer at $15.50 to $18 per share. But for his proposal to be put forward for consideration by Dell shareholders, he must first succeed in having Michael Dell's offer voted down and then win enough shareholder support to replace the members of Dell's board with his own nominees.
(Reporting by Greg Roumeliotis and Soyoung Kim in New York; Additional reporting by Poornima Gupta and Edwin Chan in San Francisco and Jessica Toonkel and Michael Erman in New York; Editing by John Wallace, Lisa Von Ahn, Tim Dobbyn and Lisa Shumaker)
Source: http://news.yahoo.com/dell-may-delay-vote-buyout-week-bloomberg-152749081.html
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Sunday, July 14, 2013
Al-Qaida-linked gunmen kill Syrian rebel commander
BEIRUT (AP) ? Al-Qaida-linked gunmen killed a rebel commander in Syria aligned with the Western-backed militias fighting against Bashar Assad's regime, the highest-profile casualty of growing tensions between moderate and jihadi fighters among rebel forces.
Observers worried Friday that the commander's death will increase distrust and suspicion between forces already at odds over territory and leadership as the nearly three-year civil war continues in Syria.
Loay AlMikdad, a spokesman for the Free Syrian Army, said Friday that members of the Islamic State of Iraq and the Levant ? a group reportedly made up of al-Qaida's branches in Iraq and Syria ? were behind the killing of Kamal Hamami. Hamami, known as Abu Basir, served in the Supreme Military Council of the Free Syrian Army, a group headed by a secular-minded moderate that has the support of Western powers.
The Britain-based Syrian Observatory for Human Rights said gunmen shot Hamami dead late Thursday after militants tried to remove a checkpoint he set up in the Jabal al-Turkoman mountain in the coastal province of Latakia. The observatory said two of his men were seriously wounded in the shooting.
AlMikdad told Al-Arabiya TV that Hamami "was assassinated at the hands of the forces of evil and crime at one of the checkpoints." He added that the group that killed Hamami "should hand over those who carried out this act to stand trial."
Activists monitoring the war previously reported occasional clashes between rebel groups and Islamic militants active in rebel-held areas, especially in the north where the opposition has control of a large part of the region. There also has been infighting between Kurdish and Arab groups over control of territory captured from government along the border with Turkey in the past year. That fighting subsided after a cease-fire agreement early this year.
Hamami's killing marks the first time a commander from the Supreme Military Council of the Free Syrian Army has been killed by rebel jihadists. His death underlines a deepening power struggle between moderate and extremist groups fighting in the Syrian civil war.
"It's hard to tell where things are going to. It could really go either way," said Charles Lister, an analyst at IHS Jane's Terrorism and Insurgency Center. "I personally don't think it's in either of the sides' longterm interest to spark an escalation."
Rami Abdul-Rahman, who heads the observatory, said that most of the Islamic State of Iraq and the Levant members are foreigners. He said they come from Arab countries as well as former Soviet republics such as Chechnya.
Last week, Abdul-Rahman said members of the group killed a local rebel commander, Fadi al-Qish, in the village of Dana in the central province of Hama.
"They spend money to spread their influence among people," Abdul-Rahman said.
The same group killed a 15-year-old youth in the northern city of Aleppo last month, accusing him of being an "infidel" for mentioning Islam's Prophet Muhammad in vain. Gunmen shot the boy dead in front of a stand where he sold coffee, sparking international concern about religious extremism creeping into the ongoing civil war.
More than 93,000 people have been killed since the Syrian conflict began in March 2011 with largely peaceful protests against Assad's rule that escalated into a civil war in response to a brutal government crackdown. Over the past year, the conflict became increasingly sectarian, with mostly-Sunni rebels assisted by foreign fighters fighting government forces bolstered by fighters from the Lebanese Shiite group Hezbollah.
Assad's government is backed by Russia and Iran. Moscow has continued to supply Assad with weapons throughout the crisis, saying it is fulfilling existing contracts. The U.S., as well as its European and Gulf allies, has backed the opposition in the conflict, sending funds and non-lethal aid to the rebels.
Turkey and Iran ? at odds over the crisis in Syria ? jointly called Friday for a cease-fire in the country during the holy Muslim month of Ramadan, which began Wednesday. Turkish Foreign Minister Ahmet Davutoglu and his Iranian counterpart, Foreign Minister Ali Akbar Salehi, made the appeal in the Turkish capital, Ankara.
Iran is a strong ally of Assad. Turkey has backed the Syrian opposition, including rebels fighting government forces. Davutoglu also called for all non-Syrians involved in the conflict ? including Iranian-backed fighters from the Lebanese Shiite group Hezbollah ? to leave Syria.
Also Friday, several mortar shells hit the central Amara neighborhood in the capital Damascus, killing at least six people and wounding dozens, according to the SANA state news agency. It reported that shells fell on the residential area and that at least 40 people were wounded and taken to hospitals.
___
Associated Press writer Suzan Fraser in Ankara, Turkey, contributed to this report.
Source: http://news.yahoo.com/al-qaida-linked-gunmen-kill-syrian-rebel-commander-162520806.html
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Saturday, July 13, 2013
Friday, July 12, 2013
Video: Strong Data, Fed Tightening Soon?
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Source: http://www.nbcnews.com/video/cnbc/52445554/
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Thursday, July 11, 2013
Oil Mason Jar Candles
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Source: http://doitandhow.com/2013/07/10/oil-mason-jar-candles/
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