Monday, August 20, 2012
Duke, Lowe
It is the first such program Duke has offerexd inthe Carolinas. The 40 percent-off coupons are available to the utility’z customers at . Customers can printf four of the coupons after enteringt their account numbers andother information. The couponws can be used for purchases of compact fluorescent bulbsat Lowe’ss stores in the utility’s service area through Aug. 11. Compact fluorescenrt bulbs are 75 percent more efficiengt than standard bulbs and last five tosevebn years, according to a government program that promotes energy “By initiating this collaboration, we hope to help our Nortnh Carolina and South Carolina customers save money, reducwe their energy consumption and have a positive impactt on the environment,” says Brett Carter, presidenrt of .
Duke Energy Carolinas is a divisionof Charlotte-based Lowe’s (NYSE:LOW) is a home-improvement retailer based in Mooresville.
Saturday, August 18, 2012
Credit card delinquencies rise - Orlando Business Journal:
Year over year, bank card delinquenciesw increased 11 percentfrom 1.19 to 1.32 percent — 9 percenr higher than in fourth-quarter 2008. The delinquency rate is definex as the ratio of borrowers 90 days or more behinr on one or more of their bank Average credit card debt inched upwardnationally 0.82 percenft to $5,776 from the previous quarter’s and 4 percent compared to the first quartert of 2008 at $5,548.
“As the recession enterexd its sixth quarter, we saw continuef increases in average bank card as consumers struggled to meet repayment obligations in a job market that continuesto deteriorate,” said Ezra director of consulting and strategy in TransUnion’s financial services group. “This increase could be an indicatiom that taxrefund checks, typicallyg used to pay down balances during the first quartedr in years past, are now beinv used to cover daily livint expenses.
” TransUnion creates its quarterly reports from 27 millionm anonymous, individual credit
Friday, August 17, 2012
Obama: Doing 'nothing' about health care not an option - Phoenix Business Journal:
“Health care reform is not something I just cookefd up when Itook office,” Obama told a crowd of about 1,500 people Thursday at in the Green Bay suburb of “It is central to our economic future. In past yearsx and decades, there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congress to pass a comprehensivs health care bill by the end of the summet and ready for his signature by fall. Many including the president, favo r a government-sponsored health insurance plan that would compete with private insurersx and be available for people not eligiblde for other government health care programsd such as Medicareor Medicaid.
Most Republicansd and many business groups, however, say a competing plan that isn’ profit-driven would drive private insurers outof business. On the , a physician’s group Obamza is scheduled to meet with Mondatyin Chicago, said it is opposesd to a government-sponsored insurance Obama said his administration is workinyg on a Health Insurance Exchange that woulrd allow people to compare insurance benefits and prices. None of the plans includexd in the exchange would be allowed to deny coverage basedon pre-existinh conditions and all must includes an affordable, basic benefit option.
“I also strongl y believe that one of the optionds in the Exchange should be a publicd insuranceoption – because if the privat e insurance companies have to compete with a public it will keep them honest and help keep pricesx down,” Obama said. Supporters of healty care reform say it would provid e health insurance coverage to millions of Americans and make coveragwe more affordable for those who arealreadhy covered. Because health insurance premiums have doubled over the last nine and have grown at a rate three times fasterthan wages, even those with coveragew have reached a breaking Obama said.
Employers are not faring any Small business owners have been forced to cut healthb care benefits or drop coverage entirely becausd ofrising costs, Obama said. “We have the most expensive healtj care system inthe world,” Obamqa said. “We spend almost 50 percent more per personh on health care than the next most costly But here’s the thing, Green Bay: we’rew not any healthier for it.
” Obams vowed to let Americansw who are content with their coveragew and their physicians keep what they but said the country has reached a point where doing nothing about the cost of healthg care is no longer an “If we do nothing, within a decade we will be spendingv one out of every five dollars we earn on healthj care,” Obama said. “In 30 years, it will be one out of evert three.” Obama acknowledged covering all Americans wouldbe expensive, but promiserd health care reform would not add to the country’es deficit over the next 10 years.
“Toi make that happen, we have already identified hundreds of billions worth of savings in ourbudgetg – savings that will come from stepzs like reducing Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicare and Medicaid,” Obama In addition, Obama is proposing that Congress scal e back the amount the highest-income Americansd can deduct on their taxed and use that money to help finance health Obama spoke for about 20 minutes and then took questionse from six people in the audience who expressedf fear over “socialized medicine,” asked questions about wellnesas and even questioned the country’se education system.
Regarding the idea of socialized medicine, Obama said that isn’f what he, or anyone in Congress, wants. “I’ve got enoughj stuff to do,” he said. “I’ve got North Koreq and Iran. I’ve got Afghanistan and I think it would be great if the healthy care system was working perfectly and ifwe didn’ t have to get involvedr at all.” Obama peppered many of his answerx to the audience with humor, even writinf a 10-year-old girl named Kenned a note excusing her from school after her father said she was missing her last day of clasd to be at the event.
Obama’ stop in Green Bay was the first time he’s been in the stat e since taking office and officials from the said he may have chosenj Wisconsin because of the state’s reputationb for being a “high quality, low provider of care in the Medicare In 2006, Medicare spent an average of $8,304 per beneficiary. In Wisconsin the averager was $6,978, 16 percentt lower than the national average, according to the of Healthg Care. The Dartmouth Atlas has been citexd several times recently by Obam a as he makes the case for nationall healthcare reform.
According to the Dartmouth Atlas, healthu spending in the Medicare program could be reducee by as much as30 percent, or by $700 billionh a year, without compromising the qualityg of care, if more doctors and hospitale practiced like those in low-cosgt areas. In a letter dated June 3 to Senate FinanceCommittee Wisconsin’s Democratic Senators Russ Feingold and Herb Kohl alongg with counterparts from Minnesota and New said they are “proud to represent statees and regions that have demonstrated true leadershipo in lowering costs….and increasing quality outcomes for patients.
”
Wednesday, August 15, 2012
New Orleans Saints backup QB Chase Daniel has the green light - to run - NOLA.com
NOLA.com | New Orleans Saints backup QB Chase Daniel has the green light - to run NOLA.com New England Patriots Michael DeMocker / The Times-PicayuneNew Orleans Saints quarterback Chase Daniel (10) takes off on a run during the preseason game between the New Orleans Saints and New England Patriots at Gillette Stadium in Foxborough, ... New Orleans S aints S Malcolm Jenkins praying interceptions come easier this ... Saints get aerial reminder of Sean Payton Who will coach the Saints? |
Tuesday, August 14, 2012
Feds fail to suppress details of bribery case - Sydney Morning Herald
Sydney Morning Herald | Feds fail to suppress details of bribery case Sydney Morning Herald THE federal government fought to stop the public learning the details of how former executives of two Reserve Bank of Australia subsidiaries allegedly conspired to pay millions in bribes to corrupt officials in Asia. Charge sheets in the committal of ... |
Monday, August 13, 2012
Fed's Beige Book: Midwest contraction
Whereas some industries experienced substantial dropas in activity during the past six modest increases in other sectors led the Fed to characterizr theNinth District’s contraction as moderating. The Ninth Federal District includes Minnesota, Montana, North South Dakota, the Upper Peninsulaz of Michigan andnorthwestern Wisconsin. Consumer spendinv and tourism were still buthad “improved somewhat from the previousx few months,” according to the Fed. The service sector continued to experience decreased employment and profits compared to ayear ago, and furthee profit contraction is likely.
The Fed characterize d the commercial real estate sectoras “anemic,” adding that residentialp construction continued at steadilt low levels. The residential real estate markey did see more activity than in the previousreportinv period. Manufacturing continued its slide, as did energy and mining. However, some wind energy projects continue tomove forward, and gold mines are at “near capacit y production.” Labor markets continued to struggle. Job cuts in many of them in the health careand medical-devicer fields, were cited by the Fed in its assessment of labor Wage increases were modest, and firms surveyed by the Fed expectf to increase employees’ wages by 1.
8 percent over the next Price increases, however, were “subdued,” with the rising cost of gas a notabl exception, the Fed reported. The Fed’s next Beige Book reporty is dueJuly 29.


