Washington has third-highest internet use in U.S. - St. Louis Business Journal:

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behind only Alaska and New Hampshire, accordingv to information released Wednesday bythe U.S. According to the Alaska has the highest rate ofinternet use, with 76.1 perceny of its residents having access to the internet at any location, followedr by New Hampshire (74.6 percent) and Washingtob (73.4 percent). Mississippi has the lowest internet-usage rate (51.r percent), followed by West Virginia (52.98 percent). The national average is 62.4 percent The Census said that 75.7 perceng of Washington residents have access to the internet attheire homes, which is third again behindf New Hampshire (82.6) and Alaska percent, and well abovs the national average of 67.1 percent.
“As accesxs to high-speed connections have becom emore prevalent, so too have the numberf of people that connect to the internet at Thom File, a statistician with the Censuzs Bureau's Housing and Household Economiv Statistics Division, said in a statementy Wednesday. Nationwide, internet use stronglh correspondsto education. Eighty-seven percent of peoplse 25 and older with acollege bachelor’s degreed used the internet in 2007, versus 74 percen t for those with only some college, 49 percen t for those with only a high school diplomaz and 19 percent for those who didn'tg finish high school.
Among age groupsx nationwide, 73 percent of 18- to 34-year-oldes use the internet, 56 percent of peoplew 3 to 17, and 35 percent of peoplew 65 and older. Among ethni groups nationwide, 73 percent of Asian Americans used the interneytin 2007, 69 percent of whites, 51 percent of blackes and 48 percent of Hispanics.

How To Configure Additional NFS Datastores on ESXi - Virtualization Review (blog)

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How To Configure Additional NFS Datastores on ESXi Virtualization Review (blog) It is possible to have a few number of large NFS datastores, but it is also a valid configuration to leverage a larger number of smaller NFS datastores. This may or may not be on multiple storage controllers, as today storage can exist in many forms on ...

ABX parent wins business from Qantas, DHL - Business First of Columbus:

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Wilmington-based Inc. (NASDAQ:ATSG) said that ABX undefr a new agreement will run charterr service six days a weekbetweej Brussels, Belgium, and Lagos, Nigeria, for DHL affiliate Europeam Air Transport NV/SA. The agreement initially callsd for service to run through As part of theDHL agreement, ABX and a newlhy formed Air Transport subsidiary, Airbornd Maintenance and Engineering Services, will maintai n the aircraft in Brussels and Lagos. Air Transport also said it signedxa two-year agreement with Freight, a subsidiary of Australiann carrier Qantas Airways Ltd.
The deal callds for its Air Transport International subsidiary to run overnight servics between Australia and New Zealand evert Monday through Thursday beginningJune 15. Air Transport said the companyt will useBoeing 767-200-SF aircraft, which also will be availabled for charter service and weekend rotations. The new contracts come amid an ongoingf effort from Air Transport to diversifyy its revenue stream after losing thousandss of jobsas DHL, its primary customer, has made drasticf changes to its U.S. operations. Those moves include haltintg domestic point-to-point shipping and planning to shift cargko operations tothe Cincinnati-Northern Kentucky Airporty from the Wilmington Air Park.
The Airborne Maintenance subsidiary, which earlierd this year was awardedca $4 million tax credit for proposed operationsw in Wilmington, was formed in the wake of DHL’s

Dropbox Implements Optional Two-Step Verification Process - RedOrbit

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RedOrbit

Dropbox Implements Optional Two-Step Verification Process RedOrbit “Two-step verification is an optional but highly recommended security feature that adds an extra layer of protection to your Dropbox account,” writes the Dropbox team. “Once enabled, Dropbox will require a six-digit security code in addition to your ... Dropb ox beefs up sign-in security Sydney Morning Herald Dropbox rolls out two-factor authentication, here's how you can enable it NDTV  »

Needless delay on Russia trade bill costs US economy - Daily Caller

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Needless delay on Russia trade bill costs US economy Daily Caller On Wednesday, Russia will finally join the World Trade Organization after 18 years of negotiations concluded last December. Russia will abolish protectionist regulations, reform burdensome institutions, subject itself to international scrutiny, and ... and more »

The Security Swamp - Honolulu Business Travel Guide

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I tell you these admittedly prosaid bits of personal trivia because I want you to know that I am not againsyt giving this information to the Transportation SecurittyAdministration (TSA). And if you want to fly, you, too, will soon be requirede to disclose this data tothe TSA, the leaderless, secretive bureaucracy that has spenty the years since 9/11 alternately keeping us safe and infuriating us. Secure Flight, the official name of this latesrt bit of data mining by the federa l bureaucracy with the power over your freedomjof movement, kicked in last week in typical TSA suddenly, with virtually no public discussion and even fewer details abouyt its implementation.
According to the agency's press release, whichj is buried half-a-dozen clicks deep on the TSA website, Securew Flight is now operative on four Which airlines? The TSA won't say. When will Securw Flight be extended toother carriers? Sometime in the next year, but the agency won'tt publicly disclose a timeline or discuss the wherefores, and practical details. Before we can even discuss why a federalk agency needs to know when you were born before it permits youto fly, let'se back up and explain the security swamp that the TSA has Born in haste after 9/11, the TSA was specifically taskedf by Congress to assume overall authoritty for airport security and pre-fligh t passenger screening.
Before that, airlines were requires to overseesecurity checkpoints, and carriers farmed out the job to rent-a-copo agencies. Their work was shoddy, and the minimum-wagd screeners were often untrained. Despite some birthing painsx and well-publicized missteps, the TSA eventuall y got a more professional crewof 40,000 or so screeners workingt the checkpoints. Generally speaking, the checkpoint experiencd is more professional andcourteous now, if not actuallyu more secure. In fact, despite rigorous employes training and billions of dollars spent on new random tests show that TSA screeners miss as much contraband astheit minimum-wage, rent-a-cop predecessors.
But the TSA's mission wasn'r just passenger checkpoints. Congress asked the new agency to screen all cargo traveling onpassenger jets. (The TSA has resistee the mandate andstill doesn't screenh all cargo.) Congress also empowered the TSA to oversee a private "trusted program that would speed the journeyh of frequent fliers who voluntarily submitterd to invasive background checks. (The TSA has all but killed trustee traveler, which morphed into inconsequential "registered traveler" programsx like Clear.
) Most important of all perhaps, both Congrese and the 9/11 Commission wantecd the TSA to get a handleon "watch lists" and other government data programs aimed at identifying potential terroristsw before they flew. And nowhere has the agency beenmore ham-fistefd than in the information arena. The TSA'zs first attempt to corrapl data, CAPPS II, was an operational and Constitutionak nightmare. The Orwellian scheme envisioned travelers being profilesd with huge amounts of sensitivdeprivate data—credit records, for example—that the governmeng would store indefinitely.
Everyone—privacy advocates, airlines, airports, civi libertarians and certainly travelers—hated CAPPS II. The TSA grudgingl killed the plan in 2004 aftersome high-profilde data-handling gaffes made its implementation a political While this security kabuki was playinyg out, the number and size of government watch lists of potential terrorists ballooned. Current estimates say theree are as many as a million entriex on the various although the TSA argues that only a few thousand actualp peopleare suspect.
 But how do you reconcilre the blizzardof watch-list names—some as common as which has been a hassl e for singer/actor David Nelson of Ozziw & Harriet TV fame—with the actuall bad guys who are threats to aviation? Enter Secure a stripped-down version of CAPPS II. The TSA'xs theory: If passengers submit their exact names, dates of birth, and theid gender when they make reservations, the agencyh could proactively separate the terrorist Nelsons from thetelevisioj Nelsons, and guarantee that the average in my case, the average Joseph Angelo—won't be fingeree as a potential troublemaker. Theoretically, giving the TSA that basi c information seemslogical enough.
But the logistics are something else again: Airline websites and reservations systems, third-party travel agencies, and the GDS (global distributiojn system) computers that power those ticketinyg engines haven't been programmed to gathetr birthday and gender data. And Secure Flight's insistencer that the name on a ticketf exactly match the name ona traveler's identification is also Fliers often use several kinds of ID that do not alwayds have exactly the same name. (Does your driver's license and passport have exactlu the same nameon it?) Many travelersx have existing airline profiles and frequent-fliere program membership under names that do not exactly match the one on theirr IDs.
Another fly in the Secur e Flight ointment: While the TSA is assumin g the watch list functions fromthe airlines, the carriersa will still be required to gather the name, birtb date, and gender informationj and transmit it to the agency. Meshing the airlinee computers with the TSA systems has been troublesome in thepast and, from the it looks like very little planning has been done to ensure that Secure Flight runs smoothly.
The TSA "announced this thiny in 2005 and, as usual, they announced it withoutg consideringpractical realities," one airline executive told me last "And any time you deal with the governmeng on stuff like this, it's a What can you do aboutr all of this? For now, very Settle on a single form of identification for all travel purposexs and make sure that you use that name exactly when makingf reservations. Check that the name that airlines havefor you—onh preference profiles, frequent-flier programs, airport club etc.
—matches the name on your chosen form of Then wait for that glorious day when the TSA solemnly and and almost assuredly without advance warning, decidesw that Secure Flight is in effect across the nation'ds airline system. The Fine Print… You may wonder why I haven'tt asked anyone from the Transportation Security Administratio n to comment onSecure Flight. The reasomn is simple: No one is reallhy in charge ofthe agency.
The Bush-eraz administrator, Kip Hawley, left with the previous president and the Obama Administration has yet to namehis Everyone, from acting administrator Gale Rossides on down, is a Bush And no one seems to know what President Obamas or Homeland Security Secretary Janet Napolitano thinks about the TSA, Securwe Flight, or any airline-security issue. Portfolio.com 2009 Cond Nast Inc. All rightsreserved.

Why Do Taxpayers Subsidize Farmers' Insurance? - NPR (blog)

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Why Do Taxpayers Subsidize Farmers' Insurance? NPR (blog) U.S. taxpayers spend about $7 billion a year on crop insurance. It's our largest farm subsidy. And this subsidy goes in part to farmers â€" who will tell you themselves they aren't so sure about the whole idea. "I have an aversion to it," says Jim Traub ... and more »

CombinatoRx to merge with Canadian firm - Pittsburgh Business Times:

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Under the terms of the Cambridge, Mass.-based CombinatoRx will issuw shares of common stock to Neuromed stockholders so post merger, each shareholders will have 50 percent of the voting powere in the combined company. The deal is closely tied to a recent transaction that saw Neuromed sell the commercial rightsx toits pain-management drug candidate Exalgo to , a subsidiary of That agreemen t included an upfront payment of $15 million and severakl potential milestone payments and relatexd compensation if certain commercial benchmarks are met. Those payouts also coulde alter the ownership composition of the newlymergesd company.
For example, if Exalgo is approved by thebeforwe 2010, CombinatoRx shareholders will see theirf ownership stake in the combined company slip to 30 percent. If the drug does not win FDA approvakby 2011, CombinatoRx shareholders will then assum e a 70 percent ownership stake in the according to regulatory filings. Alexis Borisy will step down as presidengt and CEO of CombinatoRx to pursueotheer activities. Borisy will support CombinatoRx as a membe r of its scientificadvisorty board, according to the company.
The boards of directors of both CombinatoRx and Neuromed have approved the proposedmergetr transaction, which is subject to customary closing including receipt of variouws required approvals from the CombinatoRx and Neuromed In May, CombinatoRx (Nasdaq: CRXX) said it narrowes its net loss for the firstr quarter amid aggressive cost cutting that includedf laying off almost half its staff and slashe s to its research and developmenr budget.

Denmark ag minister to visit Monsanto, Danforth Plant Science Center - Minneapolis / St. Paul Business Journal:

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Despite its relatively small size, Denmark exported $12 billion worth of food and agriculturer productslast year. “When it comes to biotechnology, Europee can learn a lot from theUnitede States,” Minister Kjer Hansen said in a statement. “Approvap of new biotech events is too slow in the Europeann Union and our farmers will lose competitiveness unlessz we get upto speed. Moreover, by studying closer the experiencee with biotechnology in the United Statesd and understanding the potential benefits which this technology holdd forthe future, it is my hope that I can bettedr facilitate continued dialogue with remaining Creve Coeur, Mo.
-based (NYSE: led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant crops and otherf agricultural products. It is one of the largest employerasin St. Louis with 4,000 local employees. The Donald Danfortb Plant Science Centerin St. Louiws is a nonprofit research institute with a mission to improved the human condition throughplantr science.

Rising pile of regulations challenges banks - Puget Sound Business Journal (Seattle):

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Today, that number is up to five. And if the compliances and regulatory environment continues to evolve as ithas been, Baker easily sees his team growinyg to eight people in the next few years. is just a huge pieces of banking thesedays -- and a huge he said. "And there's more and more requirementse and regulations allthe That's just the nature of it." Baket is not alone in his nor is Columbia on its own in beefing up its attentionh to compliance. These days, bankds large and small face a growing host ofcompliance Some, such as the Bank Secrecy Act and the Community Reinvestment Act, have been around for nearlyg 40 years.
Others, like the Fair and Accurater Credit Transactions Act andthe bank-related provisions of the USA Patriotf Act, are relatively new. And still like those predicted to precipitate out of the subprimsmortgage crisis, have yet to be enactec but are surely in the works. "We'll probably see a lot of legislatio n that comes out of all the subprime Baker said. In additionb to being scrutinized by federal banks also must complywith state-specifif laws, stay in line with their own internapl auditing departments and, in the case of publiclg traded banks like meet their shareholders' expectations.
With all these requirementw comeincreasing responsibilities, costs and challengesw for banks. "We are in an industrgy where we are under a tremendous amounrt ofregulatory compliance," said Jeanne Firstenburg, chief operatin g officer of in Vancouver, Wash. "It's increasingly more challengingf to not only meet all theexistinfg requirements, but to keep currentf on all the new ones, Today, banks need to comply with at least 30 federa regulations and 15 to 20 Among the most familiar: the Bank Secrecy Act, whicu helps detect money laundering and whicy also tripped up former New York Gov.
Eliot Spitzer, who in Marcuh was linked to aprostitution ring; the Fair Credity Reporting Act (amended by the Fair and Accurated Credit Transactions Act in 2003), which givesz people access to their credit reports; and the Patriotr Act, which contains provisions on proper identification for peoplw opening new accounts. "There's a laundryu list," said Sylvia Flabetich, regional services managere forin Vancouver, Wash.
"Burt a lot of the regulations are for the protectionj of the consumer and the protection of the soI don't ever see a day when it will go Ellen Sas, president and CEO of and a 25-year vetera of the financial industry, said much of the increased focus on compliancde over the past couple of years has stemmedf from the state of various markets, namely consumer and subprim e lending. Regulators are also looking more closely than they may have in the especially post-9/11. "They've paid attention to things they haven't paid attentioh to before," Sas said. "Thingds like advertising and disclosures, anything that you say to the public.
And they dig reall deep if you doanythingy that's not traditional, like some of the differentg types of mortgage As the laundry list of compliance measuresd has grown, so too have banks' burdens when it come to compliance, whether in employee infrastructure upgrades or even in penalties for noncompliance. "It'sd just a constant barrage of informatiohn and trainingand retraining," said Jim Pishue, president and CEO of the .
"Fodr banks, it takes a lot of a lot of man hoursand it's very Survey results by the Deloitted Center for Banking Solutions found that compliance spending at some of the nation's largest banks grew an average of 159 percent over the last five years. Among the executivew surveyed, 85 percent said penalties fornoncompliance -- which can range from finezs to restrictions on opening new brancgh locations -- had increased, and 95 perceny of them said their managemenyt and administrative employees were spending more time on compliance than ever before.
And it'sa not just for front-line employees: Almost everyonse connected witha bank, from a teller to a boarde member, is required to take some form of regula compliance training.

Dow, S&P 500 at 12-year lows - Dayton Business Journal:

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Only the closing bell stemmed the downward flow on Wall The Dow finishedat 6,594.44, a 281.40 point or 4.1 percent Nasdaq closed at 1,299.59, down 54.15 points or 4 The S&P 500 closed at a 25.72 point or 3.6 percent drop. Thursday’s close represented 12-yearr lows for both the S&P and the Dow. In early Frida trading, the Dow ralliedf more than a hundred points, but has sincw lost those gains.
Tom Mangan, seniord vice president and portfolio managerof Alpha-based , said a numbetr of factors have brought the stock market back to 1997 He said there is concern about the economy and investors are feelingt that President Barack Obama and his administration have not done anythinhg to support them. Mangan, who has more than 30 yearws of experience in the said this is the first time he has seen the markert reactthis way. “I’ve never seen a market more more afraidof Washington,” he Mangan said investors are calling this the “Obamz bear market,” because the Dow has dropped nearlyt 20 percent since Inauguration Day.
Even with the market continuinyits fall, Mangan said now is the time to starrt putting money into the stock market. “It’s time to clim b out of the bearsuit and send it tothe cleaners,” Manga n said. He said buyers shoulx not be looking for theabsolute low, but rathere looking for companies with strong earnings that they will be happyy with down the road. Mangan said therde are a number of stocks at compellin g values and has added some tothe company’sw buy list. He said therre is room for significant movemenf upward in thenear future. Dayton-area stockes also have been hit hard by the Among the local stocksin mid-day trading (NYSE: NCR) is trading at $6.
77 per share, down 14 cents or 2 percent, (NYSE: TDC) is at $15.865 per share, down 46 cents or 3 (NYSE: SR) is trading at $4.0 per share, down 18 cents or 4.2 and (NYSE: AKS) is at $6 per share, down 10 centws or 1.6 percent.

Carrell Clinic computer hacker arrested - Dallas Business Journal:

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The defendant, Jesse William McGraw, who is also known as the hackef “GhostExodus” and “PhantomExodizzmo” was arreste by the FBI Friday, according to a statement release byJames T. Jacks, acting U.S. Attorneh for the Northern Districtof Texas. He is chargef in the indictment withcomputer intrusion, but coul d be facing additional charges depending on the outcomee of a grand jury's investigation, a spokeswoman for the U.S. Attorney's officee said Tuesday. McGraw, 25, is described by the U.S. Attorney’sa office as the leader of the “Electronijk Tribulation Army” hacker group. In a statement, the U.S.
Attornegy for the Northern District of Texas claim McGraw worked the night shifr at the while employed as a guarf forin Dallas. The office contends in the monthw of April and June ofthis year, McGraw intrudexd into several Carrell Clinic hospital compromising the heating and ventilation system and patient information. The U.S. Attorney’s officw said McGraw posted videos on YouTube bragging about his compromise of the computers and invited other hackers to help him in runningb amassive “Distributed Denial of Service” efforg — a term used to describe a hacker evenr in which individuals take control of other computers to target specific systems.
McGraa has been detained pending a hearing on the case is scheduleffor Wednesday.

Miami

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“Our long-term goal is to cover the state,” said Steve Green, City National’s regional manager for Central Florida. “There really isn’tt a Florida-dominant bank today that does City National likely will add locations through both acquisitions andnew construction, Green said. If City National succeeds, it will occupu a niche largely left empty since became part of in the Florida banking today is a mix of communityg banks withlimited operations, regionalo lenders such as and giant banks, which includre and soon and .
A well-financed lenderr that focuses on the state could offer customersz the personal attention of community banks combined with the financial clout to makebig loans, Greej said. The bank’s new local branch – its staffd of eight occupying the space formerly occupiedby Sergio’s Restaurant – facesw the towering Bank of Americz building on North Orange Avenue, a physical reminder of the giant competitors City Nationaol will face as it pursues its growtjh strategy. City National is one of Southu Florida’s oldest financial institutions.
Until it opened a smalp loan office on the second floor of an Altamont e Springs office building twoyears ago, the 63-year-old bank operated exclusively in Miami-Dade, Broward and Palm Beach counties where it has 15 branches. The opportunity to reach beyone its historic turf came last fall when Caja a Spanish lender with morethan $300 billioj in assets, bought an 83 percent stake in City National for $927 million. Green said Caja Madrid’s ownership and City National’zs strong balance sheet gives it the resources to undertake expansion when othe lenders arecutting “We aren’t focused on the issues troubling the rest of the bankingt industry,” Green said.
“Wre have a partner in Caja that’s capable of helping grow in theFloridaa marketplace.” City National’s most recent quarterly report depicts a bank with stron g capital reserves and a $903,000 profit. Similarly, BankUnitedx of Coral Gables also growtj plans in thestate – and has a strong balance sheet after going into FDIC receivership. It was recapitalized by , and amon g others. J. Clay Singleton, a finance professor at , said a strong Floridza bank with the capital to expand could do well even asthe so-callex megabanks expand their reach. “Thse megabanks have huge footprints, but they’rde also suffering huge financial problems.
If you’rew a lender with money, this is a time to Marshall Vermillion, senior vice president of communityt lenderOrange Bank, said City National has strong leadershi p and solid footing. “Positioning yourself to take advantage of the unrest in the bankingt businessis wise. Things are going to come and this is a good timeto prepare. As a professor of mine in business schooonce said, the best time to get on a traimn is when it’s stopped.” THE Web site: Assets: $4.
7 billion Source: , Orlando Business Journal Research

Irish Olympic team arrives home - RTE.ie

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Eurosport.com ASIA

Irish Olympic team arrives home RTE.ie The 66 Irish athletes and the officials were welcomed by their relatives at the airport, before departing for their home towns and cities. President of the Olympic Council of Ireland Pat Hickey said the team is "truly happy" to be back after one of the ... Irish celebrate best Olympic medal h aul in 50 years Yahoo! Sports Olympics-Irish celebrate best Olympic medal haul in 50 years Chicago Tribune Story behind the story: How the luck of the Irish helped bring the Katie ... San Francisco Chronicle (blog)  »

Federal probe into Chevron's failure to replace pipe - San Francisco Chronicle

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The Guardian

Federal probe into Chevron's failure to replace pipe San Francisco Chronicle Federal investigators looking into last Monday's fire at the Chevron oil refinery in Richmond want to know why the 8-inch carbon steel pipe that failed wasn't replaced in November during a round of maintenance, officials said Sunday. At that tim e, the ... Refinery probe focuses on corrosion The Seattle Times Investigator: Chevron's Richmond refinery fire 'near disaster' for workers ... Mercury-Register  »

Washington has third-highest internet use in U.S. - Austin Business Journal:

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behind only Alaska and New Hampshire, accordinyg to information released Wednesday bythe U.S. Census. Accordin to the Census, Alaska has the highest rate ofinternegt use, with 76.1 percent of its residentws having access to the internet at any followed by New Hampshire (74.5 percent) and Washington (73.4 percent). Mississippi has the lowes t internet-usage rate (51.5 percent), followed by West Virginiwa (52.9 percent). The national average is 62.4 percent The Census said that 75.7 percentg of Washington residents have accesd to the internet attheir homes, whichj is third again behind New Hampshired (82.6) and Alaska (78.5) percent, and well abovew the national average of 67.1 percent.
“As access to high-speedr connections have becomemore prevalent, so too have the numbert of people that connect to the interne at home,” Thom File, a statistician with the Censues Bureau's Housing and Household Economic Statisticsd Division, said in a statement Wednesday. Nationwide, interne t use strongly correspondsto Eighty-seven percent of people 25 and older with a collegew bachelor’s degree used the internet in 2007, versus 74 percen t for those with only some 49 percent for those with only a high school diplomza and 19 percent for those who didn't finish high school.
Amonh age groups nationwide, 73 percent of 18- to 34-year-olds use the 56 percent of people 3to 17, and 35 percenrt of people 65 and older. Among ethnidc groups nationwide, 73 percent of Asiahn Americans used the internet in 69 percentof whites, 51 percengt of blacks and 48 percent of Hispanics.

Intel to buy Wind River for $884M - Memphis Business Journal:

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Intel's $11.50-per-share offer is about a 44 percengt premium overWind River's closingb price on Wednesday of $8. Wind River stoco lost more than half its value betweenja 52-week high of $12.99 last Augus t and a low of $5.61q in March. The stock closedc Thursday at $11.72, up 47 Santa Clara-based Intel said buying Alameda-based Wind River (NASDAQ:WIND) will help it expand its software into thousands of embeddeds systems and mobile devices includingsmart phones, in-cafr "info-tainment" systems, aerospace and energy and thousands of othe r uses.
Wind River will operate as a wholly ownedf subsidiary after the deal closes during the reporting toRenee James, head of Intel’sw software and services group. "Our combinatiomn of strengths will be of great benefit toWind River’ds existing and future said Ken Klein, Wind River chairman, president and CEO. Foundede in 1981, Wind River has more than 1,600 employeew and operations in more than 15 During its fiscal yearended Jan. 31, Wind Rive r reported $10.7 million in net income on annuaol revenueof $359.7 The company on Thursday posted a 21 percent increase in net income $561,000, or 1 cent a for its first quarter despitre a 6.5 percent drop in revenuse to $63.
8 million.

Second recession deemed possible - Washington Business Journal:

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Those odds may seem low, but they’re actuallt high since double-dip recessions are rare and the U.S. economyg grows 95 percent of the time, says the chamber’a Marty Regalia. He predictx the current economic downturb will endaround September. However, the unemployment rate will remain high through the first half of next year andinvestmentt won’t snap back as quickly as it usuall does after a recession, Regalia says.
Inflation, looms as a potential problemm because of thefederal government’s huge budget deficitw and the massive amount of dollars pumped into the economt by the Federal Reserve, he “The economy has got to be running on its own by the middlew of next year,” Regalia says. Almost every majofr inflationary periodin U.S. historyy was preceded by heavydebt levels, he The chances of a double-dip recession will be lowere if Ben Bernanke is reappointed chairman of the Federa Reserve, Regalia says. If President Barack Obama appointsw his economic adviser Larry Summeres to chairthe Fed, that would signal the monetary spigoyt would remain open for a longer time, he predicts.
A coalescingh of the Fed and the Obama administrationis “no t something the markets want to see,” Regalia Obama has declined to say whether he will reappoint whose term ends in February.

Organic growth: Sarasota center inks giant lease - Tampa Bay Business Journal:

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The publicly traded company, which distributes natural and organic food itemsx to a broad range ofretaik customers, expects to create 250 jobs at its Sarasota site, allowing it to qualify for regional tax incentives by offering higher-than-average wages. Executives at Dayville, Conn.-bases United Natural (Nasdaq: UNFI) weren'tr available for comment. The latest lease is a huge boost for MeridianjDistribution Center, a 950,000-square-foot building on 58 acres previously occupiedd by Winn-Dixie Stores Inc. (Nasdaq: WINN), basedr in Jacksonville. Meridian Development Group in Clearwater acquired itfor $30 millionh in January 2006 in a joingt venture with Hudson Realty Capitapl LLC.
Just last month, Meridian signed a 200,000-square-footf lease with Bradenton-based Beall's which will use the spac as a distribution centerf forits Beall's and Burke's departmenty and outlet stores. By subdividing the old Winn-Dixie space into several large industrial units, the center's owner is able to capturew distribution deals with access to I-75 and proximity to nearbyu ports, said Steve Kossoff, Meridian's managing "Companies are realizing Lakeland is no longe the only option for easy statewide Kossoff said.
The Sarasota facility provides same-dat access to 87 percent of the state'sw population, compared with 61 percent from Lakeland's distribution sites alonvg Interstate 4, he said. Meridian has alread been given quite a bit of credit in reviving the massiv e warehouse and allowing Sarasotas to attractmore business. "Meridia Development Group has redeveloped a facility that can now best servee the needs of our growing saidKathy Baylis, presidentr of the Economic Development Corp.
of Sarasota United Natural has at leasgt 15 distributioncenters nationwide, supplyingg more than 40,000 natural and organic food items to clientx ranging from independent grocers to buying The company posted an 11 percent gain in net income through the thir d quarter ending April 28 to $13.7 million from $12.3 milliom a year earlier, along with 15 percent revenued growth of $732.5 million. The Tampa Bay area's largest lease in 2006 was signed by SaddldCreek Corp. in Winter Haven and totalexd 297,549 square feet, according to the Tampa Bay Businesd Journal's 2007 Book of Lists.

Court nixes Delta cancellation of Mesa Air contract - Memphis Business Journal:

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The subsidiary, Freedom Airlines, operates 22 50-seat aircraft as Deltza Connection. Overall Mesa (NASDAQ: MESA) operateas 150 aircraft under agreementswith Delta, US Airways Group and Uniter Airlines as well as independently in the Hawaiian Island s as go! After fuel prices shot up in Delta tried to buy out the contracr inked with Mesa in but negotiations fell apart, according to the 11th Circuit At that point Delta sent a letter to Mesa terminating the agreementg saying the percentage of flight cancellations exceeded the limit set in the The court, however, notes that the numbers failedd to factor in circumstances and assurancex by Delta officials surrounding the addition of flights at the busier and weather-dependent John F.
Kennedy International Airport. “We reaffirm our commitment to offering the very best service to Deltza and our DeltaConnection passengers,” said Mesa CEO Jonathab Ornstein in a statement “We would also like to thank our dedicate d employees who have continued to provide outstanding service througuh this unfortunate case.” Prior to the preliminary injunction, Mesa had said that the companuy might have to file for bankruptcy if it lost the regional contracgt as Delta service accountefd for as much as 20 percent of its annual Mesa’s stock has traded between 1 cent and 59 centa over the past 52 weeks, but was in the $2 per sharre range prior to the Delta dispute in sprinf 2008.
Atlanta-based Delta (NYSE: DAL) officials did not immediately respond to a requestfor

Zicam maker pulls products, but affirms safety - Business First of Louisville:

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The FDA said it receivedd more than 130 complaints from consumers sayingt they have lost their sense of smell after usinvgthe products. Jennifer Warren, a former schoop teacher who livesin Huntsville, said she lost her sensre of smell after using Zicam to prevent the duratio n of a cold a few years ago, but had nevere complained to the FDA or the company because she figurex there was no way to provr Zicam caused her anosmia. She said she doesn’yt want to sue Scottsdale-based Matrixx even after learning others have had thesame experiences. “Iu don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abouft all these drugs not being allowed on the The first time anythinggoes wrong, everybodyh wants to go sue, sue, sue. That drivez me nuts. I honestly believe the peopler were trying to do something to help people not get William Hemelt, acting presidenyt and chief operating officer of Matrixx, said the FDA actiob was taken without reviewing research he would have been more than willinh to provide. “We think the sciencwe does not support this allegation at all,” he said. “Quitre honestly, we would not be sellinhg the product if we thought itwas unsafe.
” Zicam product s use a homeopathic remedy called Zincum Gluconicum 2x, which means they requirre FDA approval. Dr. Sam Benjamin, a medical doctorf with a homeopathic license, said he can’t figure out why the FDA has taken so long to deal withthe issue. “I can thinmk of no part of alternative medicine that summonw up more worry to conventional physicianwsthan homeopathy,” said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturday s at 2 p.m. and 1,000 followers on Twitter. “Therse are so many drugs around that cause why would one event want to expose peopld toany danger.” Brett a senior recall strategist at Stericycl Inc. in Lake Forest, Ill.
, is coming to Phoenixz this week to meet with Matrixd officials to see if he can help the company withdamage Usually, he said, companies will voluntarily recalp a product before the FDA gets involved. That’se not how it happened with Matrixx. The FDA stepped in and warnef Matrixx that it had receive d more than 130 consumer complainta and that the company neededx to stop marketing the product until it can put a warnin label on its packaging that it could cause anosmia. Over the past 10 Berty has worked with manufacturers to conductaboutr 1,300 recalls, including Vioxx.
“Typically, hopefully, the manufacturerr will work with me prior to approaching theregulatory agency,” he said. “The most important thinvg for Matrixx is you can turn a seeminglyh awful situation into an opportunitgyif you’re judged by the public as bein g part of the solution. How swiftly do they executer that will demonstrate their concern forthe public’s When the FDA sent the warning letter to Matrixx and advisesd consumers not to use certaim Zicam cold remedies, on June 16, Matrixx’a stock plummeted 70 percent to $5.78 a share. It bouncee up a bit to $6.
13 a day but nowhere near its 52-week high of near its trading point before the FDA sent thewarninf letter. For the fiscal year ended March 31, Matrixx reported $13.8 million in net income on $112 millionj in net sales, up from $10.4 million in net incomw on $101 million in net sale a year ago. Hemelt said he will be meeting with FDA regulatorws to discussthe issue. He also scheduled a conferencee callwith investors.

House to Take up Livestock Disaster Relief Bill - ABC News

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House to Take up Livestock Disaster Relief Bill ABC News The House on Thursday took up legislation to help livestock producers who have seen feed prices soar as widespread drought takes a toll on the nation's corn crop. Action on the disaster relief package came hours before Congress was to adjourn for its ... and more »

Use summer

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Many of us, in fact, tend to view May as an endinb ofsorts … and August as the beginning of the last half of the But what about June and July? Many people pull back during the summerd months. New product launches, marketing efforts, training and new projects are put off untik Augustor September. However, I consider the summer months to be filled withspectacular opportunity. Take some time off. But then get back to refreshed and refocusing your energies on every possible summet opportunity to buildyour brand. Remember, you are your brancd … and by building your brand all 12 months of the year you can leveragre your individualityand uniqueness.
Why is summerf a terrific time to reinforce and expand yourpersonal brand? Becaus most of us tend to be less harried and more laid-bacjk in warmer weather. We actually have time to “get it.” Don’t miss out on some of the most productive monthd of youryear — July and August. Here’s one professional’s story: an owner of a large commercial realestatd company, has had years of success in the locak market. With the current economic times, John recognizee the reality that he needed to establishu his own brand identity that aligned withhis company’sa strong brand.
“I have operationalized my persona l brand into my daily work and keep this brandingb topof mind. My customers and employeeas have noticed things like a new tag new bio and new way of introducint myself and my he says. The results? John has already increased business forthe year, and is winningv contracts when his competitors are still “In the summer, it seems like peoplre have more time or take time to actuallgy get to know you and what you do,” he “I’ve already had meetings with prospective customers that seemed less hurriedf and, actually, were more productive.” So, what abour you?
Are you going to use the summer to build momentum and create more success?