Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/182207580?client_source=feed&format=rss
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Wednesday, January 4, 2012
Tuesday, January 3, 2012
Small Business Leader Claims SF's Minimum Wage More Hurt Than ...
SAN FRANCISCO (KCBS) ? San Francisco?s estimated 20, 000 minimum wage workers will earn another couple of dollars per shift as the minimum wage goes up to $10.24 per hour with the new year.
Scott Hauge, president of Small Business California claims this only hurts business owners without making a big difference to workers.
?At the end of the day, San Francisco needs to be competitive with other areas,? he said.
The minimum wage is tied to the cost of living, which in San Francisco is one of the highest in the country.
Karl Kramer with the San Francisco Living Wage Coalition said the 32 cents per hour wage hike simply keeps workers heads above water and won?t hurt business.
KCBS? Tim Ryan Reports:
?Studies of the effects of minimum wage in San Francisco showed that it did not result of the lay offs of workers or businesses closing or moving outside city limits,? he said.
Kramer would like to see the minimum wage go as high as $15 an hour. The state minimum wage is $8 an hour.
(Copyright 2012 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed)
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China reports bus driver died from bird flu; infection source unknown
A 39-year old bus driver died from bird flu complications in China, raising concerns among authorities that the virus could spread. The source of the man's infection remains unknown.
The man, whose surname was Chen, lived in Shenzhen, which is just across the border from Hong Kong.
According to reports from Guangdong's official newspaper, the Southern Daily, 120 people had been in contact with the man, but none have developed symptoms of bird flu.
Less than two weeks ago Hong Kong culled 17,000 chickens after one tested positive for H5N1. The poultry was being sold at a wholesale poultry market, but the man had not been in contact with poultry in the preceding month.
Officials are concerned about bird flu spreading because many in China will be traveling for the Lunar New Year; crowding buses and trains.
The virus is highly potent and kills 60 percent of those it infects.
The man was admitted to the hospital with severe pneumonia; and then died of multi-organ failure. He did test positive for the virus.
Recent concerns are that the virus could mutate and spread globally, though it usually is found in birds and transmission to humans is generally considered "inefficient". The last reported case of bird flu in Hong Kong was 18 months ago.
According to the Centers for Disease Control (CDC), cases of the virus have been reported in humans since 1997, though the possibility of transmission from birds to humans is supposedly low.
Avian flu can be contracted from handling infected birds and from surfaces contaminated with excrement or other secretions.
There are several subtypes of Avian flu or bird flu, and H5N1 is the most pathogenic form. It is also known as the ?HPAI H5N1 virus". Other subtypes that have infected people include H7N7 and H9N2, according to the World Health Organization (WHO). Most cases in humans come from direct handling of infected birds.
Another recent case of H5N1 human infection was reported by the WHO on December 21 in Egypt. The man, 29, had contact with backyard poultry and also died from complications. The recent culling of chickens in Hong Kong raised the virus alert to ?severe? in the area.
Image credit: Wikimedia commons
Author: woodley wonderworks
Source: http://www.emaxhealth.com/1020/china-reports-bus-driver-died-bird-flu-infection-source-unknown
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Monday, January 2, 2012
The Value Investing | Personal Financial Planning Concepts
While growth-oriented investors focus on firms whose earnings are growing at a rapid pace, a quality that makes them highly sought after, value investors seek companies that are temporarily out of favor. Their shares may be depressed due to factors ranging from company-specific issues to shifting investor sentiment, poor economic conditions, cyclical trends or an overall market decline. Sometimes they?re being ignored by the market for no good reason.
Over the past 25 years, three factors have amply made the case for the value style of investing: performance, diversification and risk control.
* Performance: First and foremost, value investing as a strategy has done well over time, rewarding investors with strong risk-adjusted performance. That has certainly been true over the past quarter-century.
Additionally, it is important to note that dividends have and continue to be a significant component of the stock market?s total returns ? and particularly those of value stocks. In fact, according to Ibbotson Associates, a leading authority on asset allocation, dividends contributed, on average, 44 percent of the stock market?s total return from 1926 through 2003.
Diversification: Over time, value and growth stocks have tended to move in different cycles. When growth stocks are in favor, they tend to outperform value shares, and vice versa. That knowledge encourages many investors to construct portfolios employing both value and growth strategies, helping to ensure that they have equity investment with the potential to perform in changing market environments.
More to the point, the value strategy has more than held its own against its growth counterpart. Value?s outperformance has been particularly pronounced in recent years. From March 2000 through December 2004, value stocks, as measured by the Russell 1000 Value index, topped their growth counterparts as measured by the Russell 1000 Growth index by nearly 17.5 percentage points annualized.
* Risk control: By their nature, value stocks generally tend to be less volatile than their growth counterparts. In addition, because their shares are typically selling at depressed prices, value firms are better positioned to withstand market declines. Meanwhile, shares of growth companies normally have higher earnings expectations built into their prices and thus are subject to wider price swings as those expectations change.
American Century introduced its first value portfolio in 1993, complementing its long-standing efforts in the growth field by offering equity investors a lower-risk investment style. More than 11 years later, American Century?s stable of value offerings has grown to six funds, totaling more than $14 billion in assets.
Source: http://greensblog.org/investing.html
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Soon-to-be tornado watch for Jackson
Weather experts predict damaging winds and severe thunderstorms with the possibility of isolated tornadoes in West Tennessee.
There will probably be a tornado watch for Jackson later in the day, said Danny Gant, a National Weather Service meteorologist.
The greatest risk for severe weather will occur along and west of Martin Tennessee to Somerville Tennessee to Batesville Mississippi, according to a National Weather Service, online report, from about 4p.m. to 7p.m. in Jackson.
Severe weather is expected between 4p.m. and midnight east of Memphis and over to the Tennessee River Valley.
Meteorologists predict thunderstorms by early this afternoon.
?Any severe storms that develop will be capable of producing damaging winds and a few tornadoes,? the website stated. ?There will be a secondary threat for large hail."
Source: http://www.jacksonsun.com/article/20111231/NEWS01/101231010/1002/rss
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Sunday, January 1, 2012
Samoa skips Friday in leap across date line
APIA, Samoa?? The weekend came sooner than usual for the tiny South Pacific island nation of Samoa.
When the clock struck midnight Thursday, the country skipped over Friday and moved 24 hours ahead ? straight into Saturday, Dec. 31.
Samoans gathered around a main clock tower in the capital of Apia for the historic moment, applauding in celebration as the midnight hour struck to the wail of sirens and burst of fireworks. Drivers circled the clock tower blaring their horns, and prayer services were held across the country.
Samoa aimed to align its time zone with key trading partners in the Asia-Pacific region by shifting west of the international date line.
The time jump means that Samoa's 186,000 citizens, and the 1,500 in the three-atoll United Nations dependency of Tokelau, which also shifted, will now be the first in the world to ring in the new year, rather than the last.
The date line dance came 119 years after U.S. traders persuaded local Samoans to align their islands' time with nearby U.S.-controlled American Samoa and the U.S. to assist their trading with California.
But the time zone put Samoa and Tokelau nearly a full day behind neighboring Australia and New Zealand, which are increasingly important trading partners.
In June, the Samoan government passed a law to move Samoa west of the international date line, which separates one calendar day from the next and runs roughly north-to-south through the middle of the Pacific Ocean. Under a government decree, all those scheduled to work on the nonexistent Friday will be given full pay for the missed day of labor.
In addition to the economic advantages, the time jump is also expected to make the everyday rituals of family life a little more pleasant. Like many small Pacific island states, more of Samoa's people live permanently in other countries. About 180,000 Samoans live in New Zealand and 15,000 in Australia. The date line switch means that families split between the island nation and Australia or New Zealand can now celebrate important events such as birthdays at the same time.
"We've got to remember that over 90 percent of our people emigrate to New Zealand and Australia. That's why it is absolutely vital to make this change," Prime Minister Tuila'epa Sailele Malielegaoi told The Associated Press just hours before the country catapulted into the future.
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Officials have begun work on changing maps, charts and atlases to reflect Samoa's new date line position. A postage stamp, featuring the phrase "into the future," has also been created to mark the switch.
Although generally embraced by most Samoans, the date change wasn't expected to happen without a few little glitches. Digicel, the most popular mobile phone service provider in Samoa, said the company would have to update its systems immediately after the time jump, leaving phone service dead for about 15 minutes.
"The interruption will only take a few minutes so we can adjust our system," CEO Pepe Fiaailetoa Fruean said. "So I would like to inform all of our customers to have alternative communication means available in case of an emergency."
Being a day behind the rest of the Asia-Pacific region has meant that when it's dawn Sunday in Samoa, it's already dawn Monday in adjacent Tonga and nearly dawn Monday in nearby New Zealand and Australia, as well as prominent east Asian trade partners such as China.
The original shift to the east side of the line was made in 1892, when Samoa celebrated July 4 twice, giving a nod to Independence Day in the U.S.
The date line drawn by mapmakers is not mandated by any international body. By tradition, it runs roughly through the 180-degree line of longitude, but it zigzags to accommodate the choices of Pacific nations on how to align their calendars.
More about time shifts:
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://www.msnbc.msn.com/id/45825600/ns/technology_and_science-science/
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