Sunday, January 30, 2011

Mutual assets continued dive in September - Boston Business Journal:

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The mutual fund industr has been hit by outflows and a sharp decrease in asseg values amid a free fall in globalstockm markets. International and globao equity funds experienced the largest net outflowzwith $27.6 billion, FRC Boston-based mutual funds have been among those hardestt hit. , and saw theirf assets fall 11.80 percent, 11.21 percent and 11.22 respectively, during September, FRC said. The declineas don’t include money-market mutual funds. Over the past 12 Putnam has experienced the sharpest declines among the 25 larges t mutualfund groups. Putnam had $58.1q billion in assets at the endof September, a 35.85 percenft drop from $90.
6 billion at the end of September 2007, FRC Fidelity’s assets fell to $717 compared with $941.7 billion at the end of Septembef 2007, FRC said. Columbia Management, owned by , saw assetsz decline 21.44 percent to $107.94 billio n during that 12-month span, FRC Year to date, the best selling fund has been PIMCO’ws Total Return bond fund, whicb has had $19.1 billion in net That compareswith $2.93 billion in net inflows durin the same period in 2007. Capital Growtg Management’s CGM Focus run from Boston byKen Heebner, had $3.6 billion in net inflowzs during the first nine months of 2008, comparer with just $639 million during the same periodd in 2007, FRC said.

Thursday, January 27, 2011

Fuel tanker in SR 528 crash carried 8K gallons - Florida Today

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Fuel tanker in SR 528 crash carried 8K gallons

Florida Today


A tanker truck involved in a double fatality crash that erupted in a fiery explosion on the State Road 528 overpass at North Courtenay Parkway carried four ...



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Tuesday, January 25, 2011

Out-of-pocket costs rising for health insurance - Jacksonville Business Journal:

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The study, authored by researchers from the National Opiniomn Research Center and Watson Wyatt Worldwide and funded by The Commonwealth examines trendsin employer-sponsored insurance from 2004 to 2007. It founs rising rates of underinsurance and particularly for poorer andsicker people. In adults with employer coverage faced an averagesof $729 annually in out-of-pocket costs for medical including deductibles and othefr forms of cost sharing such as copayments and That represents a 34 perceng increase from 2004, when the average out-of-pockett burden was $545.
Health plansd covered a slightly smaller percentagre of overall expenses in 2007 than but growth in overall health spending was the chief culprir behindrising out-of-pocket according to the “The years from 2004 through 2007 were a periodr of economic expansion, yet rising health care costs stillo eroded the value of employer-sponsored coverage,” said lead author Jon “Historically, employees have been asked to shoulder even more of the cost-sharinyg burden during difficult economic times such as the United States is now Hence, it is imperative that health care reform includee constraints on health spending, or else health insurance will becomr unaffordable for low- and middle-income Americans, and refork itself will be unsustainable.
”

Saturday, January 22, 2011

Haven board cites savings in creation of 3 positions previously served by IU - Republican & Herald

http://www.pbreview.com/forums/member.php?u=259121


Haven board cites savings in creation of 3 positions previously served by IU

Republican & Herald


Superintendent Lorraine Felker said it is cost-effective for the district to hire in-district personnel to fill the three positions, but stressed that ...



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Wednesday, January 19, 2011

http://www.bug.co.uk/forums/members/lakosta.html
It came just days beforse President Obama signed dramatic legislatiojn limiting tobacco products The state launchedthe $13.2 millioj Tobacco Quit program May 1 to encouragr state employees to stop smoking. State healtb plan users also can obtainj prescription smoking cessation aids like Chanticxfor $5, which is $70 less than beforre the program began. This is in addition to a quit hotlinre and localsupport groups, whichh have been available sinces 2006.
The Tennessee Legislature passeda $50 per montgh surcharge for each household that had a smoker on the stater insurance plan, as part of the bill that wouls allow the state to recoup some of the cost of the And if employees stopped smoking, they wouldr be refunded the surcharge. But the bill delayz the surchargeuntil Jan. 1, 2011, meaning Tobacco Quit will finisb out the calendar year but will then takea year-longt hiatus. For many employees wantingg to quit, the gap may be too The bill was sentto Gov. Phil Bredesen late last Within the first three weekss ofthe program, more than 2,000 people saw a doctot and started using quit aids.
To 6,300 people have begun the processof quitting, says Brianh Haile, deputy director of the state’s benefits Haile says many legislators approveds of the program, citing studies by the Centers for Diseased Control that delineated the benefits of the program. And the savingse can be big. State health plan subscribers who smoks cost the stateabout $104 million more per year than the state estimates.
Shelley Courington, the executivwe director of the Campaign for a Healthy and Responsible says the cessation program not only saves thestate money, but will have added health bonuses for “People who use tobacco have higher insurancwe claims and have additiona sickness, from cancer to asthma,” she says. Rep. John D-Morristown, has been a proponent of delaying the and thus the funding for the saying that the state is oversteppinb its bounds by requiring people to pay extra because they usetobacco products. Litz also has experience in tobacco Sen.
Eric Stewart, D-Winchester, says he supportss the cessation program but felt the surcharge would come too soonfor cash-strappe families in 2010. “I am glad to see it pushedf back to 2011 to give folksmore notice,” Stewart The battle to stop smoking is a familiaf one for President Obama, a former smoker. “I know how difficulyt it is to breakthis habit,” Obama said as he signec into law on Monday the Family Smokingg Prevention and Tobacco Control Act.
Under the act, the Food and Drug Administratiojn has mandated that large warning graphiczs cover the front and back of The FDA also lowered the amount of nicotine in tobaccoi products and banned candy flavorings thattarget children. Tennessee received failingh grades in the AmericanLung Association’s State of Tobaccpo Control report in early January. The states scored a C, D and two F’s for tobacco preventionb and control, smoke-free air, cigarettre tax and cessation coverage.

LexisNexis data breach linked to New York mob family - Portland Business Journal:

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The New York-based company — which has 3,000 employeeas in the Dayton area — has sent 13,000 letters to former customers whose personalp data may beat risk, the company said in a statement. The breach involved a former customer for a companycalled , whicg LexisNexis bought in 2004, and was announces by the U.S. Attorney for the Southern Districtg of Floridain May, according to a LexisNexiss spokesperson. “(The) customer involved in this matter shouldr have provided notice to potentiallyaffected individuals,” LexisNexis said in a “However, because the customer is no longer in business we provided the notice.
” According to the which includes CIO magazine and PC World — the New Hampshire Department of Justice posted a documeny Friday on its Web site to inform consumers aboutg the breach. By Monday evening, the link had been The document reportedly tied aFlorida man, with mob connectionsx to the Bonanno crime family, with accessing LexisNexiz data. New Hampshire officials could notbe reached. In May, LexisNexisa announced it is part of a separate investigation into allegexd creditcard fraud, perpetrated by former customers of the according to a company statement. That fraud occurresd from June 2004 toOctober 2007. The U.S.
Postall Inspection Service released a statement thatsaid 40,000 lettera will be sent to consumers and 300 victims have been identifiex in an investigation concerning the breach. The companyy was part of a similarr incident in 2005 and sent letters thento 280,0090 customers who may have been victime of identity theft. LexisNexis U.S. is a unit of plc RUK), the Anglo-Dutch publishing The company is an online informatiom services and publishing companywith 13,000 people worldwide.

Monday, January 17, 2011

Broadway renews Matrix, MultiPlan leases - Denver Business Journal:

http://www.urbanmoms.ca/mt/mt-cp.cgi?__mode=view&blog_id=52&id=29795
The private real estate investment and management firm is renegotiating leases with tenantss at the same time it is tryinv to clear up debt issuesw withits lender. Broadway, which lost ownership of the Hancoclk Tower after it defaulted on a has debt that maturesthis month. The financing in questionm is secured by several includingthe 980,000-square-foot Bay Colony. Broadway is in discussions with lenderz to renegotiate the term s ofthe loan. Broadway was given an extensionn onthe loan, which was due earliet this month, according to a source with knowledgr of the situation. However, the landlord renewed MultiPlahn Inc.
, which leases 105,062 square and Matrix Partners, whichu leases 11,421 square feet, at the office CB Richard Ellisrepresentedr MultiPlan. DTZ/FHO Partners represented Broadway Partners and Matridx in thelease negotiations. Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complex office park sits ona 58-acres site overlooking Route 128.