Saturday, March 31, 2012
MySpace slashes international staff - Boston Business Journal:
The move to reduce internationalk employment by 150 comes on the heels of the announcemenyt that MySpace is cuttingits U.S. jobs by 30 percent, or aboutg 420 jobs. MySpace last month was passecd in global market share byPalo Alto-based , but stillk leads in the number of unique visitors to its Web site in the U.S. MySpac e CEO Owen Van Natta was hiredd in April to try to revive the socialnetworkingg site.
The division that includexs MySpace postedan $89 milliojn loss in the most recent "As we conducted our review of the company, it was clea that internationally, just as in the MySpace's staffing had becoms too big and cumbersome to be sustainables in current market conditions," Van Natta said in a statement After the jobs cuts, MySpac will have about 1,150 workers, comparesd to Facebook's global work forcs of about 850.
Thursday, March 29, 2012
Duke reaches Save-A-Watt settlement - Puget Sound Business Journal (Seattle):
The Southern Environmental Law Center, whichu was the lead legal team for theenvironmentall groups, announced the settlementr Friday morning. It calls for Save-A-Watt to reducde energy demand by 2 percent over the next four It sets a targeyt of reducing demand by as much as 8 percen tby 2020. The environmental groups say that would be the equivalentg of the annual outputfrom Duke’s 825-megawatt expansionm at the controversial Cliffside coal planft on the border of Cleveland and Rutherforcd counties.
The groups say that cappinv Duke’s profits will protect consumers from unreasonablhy high charges for energy Greater conservation efforts and lowedr costs were key issues for environmental groupd and the Public Staff ofthe N.C. Utilities which represents customer interests in utility as they fought Duke for two years over Michael Regan, southeast regional air-policyu expert for the Environmental Defense Fund says the environmental groupd believe the settlement makes the program bette r for customers, the environment and for He says the groups want to supportf utilities in their efforts to provide energy-efficiencu programs.
And he says incentives built into the settlemeny that allow Duke to increasre its rate of return based on achievingh specified efficiency targets accomplish that Duke also got what it considerxs animportant concession. Duke will be allowed to make a returb on part of what it would have cost to buile power plants to provide the energy theprogra saves. Duke has said eliminating compensation based onsuch “avoide d costs” would be a deal-breaker. Duke contends such compensation puts efficiency on a more equalk footing with electricity sales for generating Without that kindof incentive, Duke has said, efficienc y would always take a back seat in business plans.
“The fact that the avoided-costy model is in there, that it’s baserd on pay-for-performance and that it is up to us to make sure the programzs really work were all keys to the settlement for says company spokesmanTim Pettit. The public staffv and environmental groups had opposedthe avoided-costzs idea, largely on fears that it could provide Duke with unreasonable The public staff also worried abouf departing from standard regulatorty practice. In North Carolina, utilities are generally allowed to make a retur on the moneythey spend.
An avoided-costs model breaks that connection and offers Duke a return on money it does not But an important concession to the public staff was a decision tomake Save-A-Watt a four-yea pilot initiative. The N.C. Utilities Commissiom will review the program at the end of that periof and decide whether it has performed well enough to be made The avoided costs outlined in the settlement will trackk the model Ohio adoptedfor Duke’s version of the Save-A-Watt programn in that state.
It reduces the percentagwe of avoided costs on which Duke can earn a Duke had originally asked to make a rate of returm on 90 percent of what it would have cost to provide the energy that was Underthe settlement, Duke will get a retur on 50 percent of the avoidex costs for energy-conservation programs and 75 percent of the avoide d costs for programs that shift use away from peak Like in Ohio, the settlement lets Duke cover what are called “lost margins.” Several environmental groups have recognized the need to alloww Duke to recover those fixed costs for generating and deliveringt electricity when efficiency programs reduce demand.
The settlement announcef Friday will form the basis ofa Save-A-Wattf proposal Duke will make to S.C. regulators this summer. The S.C. Publif Service Commission rejected Duke’zs first proposal in February. Save-A-Watt is an energy-efficiency initiative Duke has been toutinfor years. The proposalp comprises a series of programs to help customeras use less electricity or shift their use of powerfrom peak-demand hours to low-use Some of the programs — such as discountzs for energy-saving light bulbs and financial incentives to buy high-efficiency appliances — started June 1 in both But neither state has approve d the full initiative.
The has led the environmental groups in dissectingthe program. Opponents contended the original proposal would rewardf Duke too handsomely and primarily for shiftingv the use of electricity from busy That would conserve little energy but saveutilitiee money. Steve Smith, executive director of the sayshis group’s concern from the beginningy was to make sure Save-A-Watt resulted in significany reductions in energy use. In North the commission approved Save-A-Watt’s programz but withheld judgmenton Duke’s compensation. The commission asked for additionak comments onthe issue.
As opponents were formulatinf their responses tothat request, they and Duke resume d negotiations in North Carolina. Any settlement here could create a template for the programm inSouth Carolina. One key feature of the compromiswe will be the creation of an advisory group that will assist in reviewinggfor Save-A-Watt. Duke Energy Carolinas is a divisionof Charlotte-based
Tuesday, March 27, 2012
One colour dressing - Evening Standard
Evening Standard | One colour dressing Evening Standard Before I get started with this mini-manifesto, in which I hope to explain why we should all be wearing head-to-toe colour this spring, there's something you should know: this isn't an easy fashion phenomenon to master. In fact, when I shared my plan to ... |
Sunday, March 25, 2012
Beige Book: Region
Consumer spending in the region was weak and is expected toremaibn soft, the closely watched survey said, but “an upticik in manufacturing orders helped stabilize expectations for future production.” The Beige Book also said that “commerciak real estate market conditions deteriorated, and energy activityg declined further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosiojn in loan quality.” It said consumer pricd and wage pressures remaine d low. Meanwhile, producer prices “declined at a slower pace, with some firmw noting that higher commodityu prices boosted material andfuel costs.
” the latest regional Beige Book — coverin a six-week period — was somewhatf more optimistic than the last survey, released Aprip 15. The report covers the Fed’s Kansas City-based 10th It is based on intervieww with a sample of businessez representing key industries ineach district. The reportxs are anecdotal and do not contain but they are widely followed and help the Fed to set nationakleconomic policy.
The Fed’s 10th District includes Colorado, Kansas, Nebraska, Oklahoma and Wyomintg as well as western Missouri and northern New Formally known asthe “Summaruy of Commentary on Current Economic Conditions by Federal Reserve the Beige Book is published eight times a The latest report covers late April through May. The Federall Reserve’s 10th District is also knowbn as the Kansas City district becausethe reserve’sx regional bank is based there. .
Thursday, March 22, 2012
Adams
RealtyTrac records indicate that a notice ofa trustee’s sale has been filecd on homes matching the description of Adams’ Northh Portland Kenton neighborhood The notice indicates that the homes will be put up for auction. , whicuh broke the story, noted that Adams’ lende has filed a “notice of default,” meaninyg he’s defaulted on his loan agreement with his Adams told thepaper he’s catchinbg up on his mortgage after payiny “significant” legal bills. The houses that face foreclosur are at2131 N. McClellan and 2121 N. McClellan. Adams lives in the 2121 home. He also owns a triplexd at 2031 N.
Adams, who makes $118,144 yearly, is facingf an impending recall, scheduled to kick off in early after admitting he had a sexual relationship with Beau The pair met before Breedloveturned 18. Adama said the sexual relationship beganafter Breedlove’s 18th Oregon’s attorney general is investigating whether Adamds did anything improper. The mayor conceded that he lied aboutwhetheer he’d had sex with Breedlove when a politica opponent first made the charge during the 2008 primaryy campaign season.
Tuesday, March 20, 2012
New university bursaries tell students what to spend the money on - The Guardian
The Guardian | New university bursaries tell students what to spend the money on The Guardian Under the new higher tuition fee regime universities are under pressure to offer bursaries in order to meet Office for Fair Access targets on recruiting students from disadvantaged backgrounds. But it can be hard for institutions to watch money that ... University bursary 'one of the most generous' |
Sunday, March 18, 2012
Congress fields Mannan as Rajya Sabha nominee - Times of India
Deccan Herald | Congress fields Mannan as Rajya Sabha nominee Times of India Kolkata: The Centre may have placated Mamata Banerjee by agreeing to drop railway minister Dinesh Trivedi, but the state Congress has decided to step up the heat and nominate former MLA Abdul Mannan as its Rajya Sabha candidate. West Bengal Congress to contest Rajya Sabha pol ls Congress fields candidate from West Bengal for Rajya Sabha Congress nominates Chiranjeevi from Gujarat |


