Times' retirement plan hit by $154M loss - Tampa Bay Business Journal:

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Net assets of the plan for the Times, whichg owns the Globe and T&G, fell to $417.7u million. The plan was particularly hard hit bysome $171.r5 million in losses within several mutual funds. For example, the plan’ds largest holding, the Vanguard 500 Indexz Investment fund, suffered a nearly 40 perceny lossin value. Another fund in the portfolio, the Vanguard Asset AllocationInvestmengt fund, dropped nearly 32 percent Only one of its major fund holdings, the Dodgw & Cox Income Fund, poste a positive return in 2008. Investmentx in fixed income and insurancse assetsgenerated $5.3 million in income. Dividend income of $11.65 million also helped offset losses.
Interest income from the company’s borrowing from its retirement fundtotaled $594,000. The Time has traditionally matched a fraction of Globe contributions totheir 401(k) accounts, however a proposa in front of leadership would eliminat e the program.

Schwarzenegger: Shriver changed tune on recall run - Detroit Free Press

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Schwarzenegger: Shriver changed tune on recall run Detroit Free Press Arnold Schwarzenegger says his wife, Maria Shriver, was told to "snap out of it" by her mother for her attempts to persuade him against running for California governor in 2003, a conversation that ultimately opened the door to his successful candidacy. and more »

Jimmy Hoffa flashback, 2002: 356-page FBI report adds up to few new clues - Detroit Free Press

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Jimmy Hoffa flashback, 2002: 356-page FBI report adds up to few new clues Detroit Free Press A 349-page report the FBI turned over to the Oakland County prosecutor earlier this year told largely the same account that agents pieced together more than two decades ago. And the significance of a much-ballyhooed piece of evidence -- a strand of ... and more »

Chiang: 50 days to California financial meltdown - Los Angeles Business from bizjournals:

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Chiang said the state’s cash balance is dangerousl y closeto insolvent. The state is operating on the proceedd of revenue anticipation notes and internal That is expected to get the stater throughJune 30, but that’s aboutf it. There is little reserve to carryg into protractedbudget negotiations, which usually happens with the California budget. Chiangt said the state will exhaust all available cash sometimsin July. “Without immediate solutions from the Governor and Legislature, we are less than 50 days away from a meltdownb of State government.
This presents a terrible threaytto California’s economy and to the State’se delivery of basic public services,” said Chiang. “q truly balanced budget is the only responsible way out of the worsrt cash crisis since the Great Revenue hasfallen $827 beloe the projections assumed in the May budget California personal income tax collections were 23 percenty below estimates made in May. Corporate taxes were 29 percent beloa estimates and sales tax collectionswwere 3.3 percent below expectations. Thos e shortfalls combined fell $668 milliobn short of projections used in the Maybudgey revision.

Business conditions worsen in Missouri, Kansas, index reports - St. Louis Business Journal:

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in January and 55.3 in February 2008, said Monday. An indec number greater 50 indicates an expanding economyy for the next three tosix months. “Sincw the beginning of the the state’s transportation equipment and partws manufacturing industry has lostalmost 10,000 Creighton Economics Professor Ernie Goss said in a release. “I expecy this industry to be Missouri’s turnarounsd industry and will provide an early signal of aneconomic expansion.” The Kansas Business Conditions Index fell for the fourtn time in five months in February, when it registerer 38.4, down from 39.6 in January and 44.3 in Februaru 2008.
“Until the final quarter of 2008, the aircrafgt and parts manufacturing sector in Kansas had weatheredfthe recession,” Goss “However, the global recession has beguh to have a substantial negative impact on the overall stats economy. The aircraft and parts manufacturint industry will be the turnaround industrhy for Kansas and will provide an earlg signal of the beginning of aneconomidc expansion.” The Mid-America Business Conditions Indexc was 34.6 in February, up from 33.5 in January and down from 49.5 in Februaruy 2008.
, of which Goss also is director, has conductexd a monthly survey of supplg managers in nine states since 1994 to producwe leading economic indicators ofthe Mid-Americaw economy. States in the surveh are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Oklahoma and South Dakota.

Stolen Valor Act revisited - Beaufort Observer

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Beaufort Observer

Stolen Valor Act revisited Beaufort Observer SMSgt George Schryer (ret.) is a 24-year Air Force veteran. He served as a B-52 tailgunner (see insert on the masthead) in Vietnam. Tailgunners were trained to not only protect the plane from the rear from enemy fighters but to also assist other B-52's ... < br /> and more »

Clackamas water board member, manager wrestle over binder, draw county ... - OregonLive.com

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OregonLive.com

Clackamas water board member, manager wrestle over binder, draw county ... OregonLive.com Sterling told police he was putting away his notebooks after the meeting when Moore walked up to his section of the table and grabbed the binder out of his hands, yelling, "Give it to me!" Moore, though, claimed he told Sterling he was going to take it ...