Thursday, 21 February 2013

Wall Street ends down sharply after Fed minutes

TORONTO, Feb 20 (Reuters) - Canada's Rebecca Marino, a rising star in women's tennis, stepped away from the sport in search of a normal life on Wednesday, weary of battling depression and cyber-bullies. Ranked number 38 in the world two years ago, the 22-year-old admitted she had long suffered from depression and was no longer willing to make the sacrifices necessary to reach the top. "After thinking long and hard, I do not have the passion or enjoyment to drive myself to the level I would like to be at in professional tennis," Marino explained in a conference call. ...

Source: http://news.yahoo.com/stock-index-futures-signal-more-gains-103747893--finance.html

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Putin: Archive could go to Jewish museum

MOSCOW (AP) ? Russian President Vladimir Putin is suggesting that a vast collection of Jewish books and documents that is the focus of a dispute between Moscow and Washington be given a permanent home in the Russian capital's new Jewish Museum.

A U.S. judge in January ordered that Russia be fined $50,000 a day until it turns over the so-called Schneerson Collection to Chabad Lubavitch, a Hasidic movement within Orthodox Judaism headquartered in Brooklyn, N.Y.

Russia claims the collection is state property. Putin on Tuesday criticized the ruling, saying "discussion of this problem has taken on elements of confrontation," Russian news agencies reported. The collection is now held at the state library and military archives.

Putin said he would consider ordering the collection be placed at the Jewish museum, which opened last year.

Source: http://news.yahoo.com/putin-archive-could-jewish-museum-191957656.html

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Wednesday, 20 February 2013

Working at home boosts debt counselors' productivity ? Business ...

More than 60% of employees at Orlando, Fla.-based InCharge Debt Solutions work from home. Most of the staff at the nonprofit credit counseling agency spend their days on the phone; they can help clients just as effectively from home as they could from an office.

The payoffs have been impressive:

  • Home workers are about 4% more productive than they were in the office.
  • The company has saved 66% on office space and expenses.
  • Home workers take fewer breaks and sick days and are rarely late.
  • Employees annually save an average of $1,260 in fuel costs.

Contact: Soraia de Araujo, (407) 532-5599.

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Southern California Edison to Deploy Phasor Measurement System

GE is providing Southern California Edison with a Phasor Measurement System to acquire, monitor, visualize, analyze, archive and share phasor measurement information. In contrast to traditional SCADA systems that acquire measurements at rates of two to 10 seconds, GE?s Phasor Measurement System acquires measurements of underlying grid conditions from phasor measurement units (PMUs), located within SCE?s system as well as neighboring utilities, at a rate of 30 times per second, providing operators with visibility to power system dynamics and a real-time wide-area view of the grid.

The phasor project, also known as a wide-area situational awareness system, involves the deployment of PMU devices in 500 kV and 230 kV substations throughout SCE?s network and their integration with associated situational awareness applications at the grid control center, providing real-time decision support to system operators. The solution provides real-time monitoring of power flows, voltage magnitudes and phase angle differences between utility substation busses as well as frequency and its associated rate of change. The design of the system also accommodates the incorporation of supplemental information from other sources such as energy management systems and non-electrical system data (weather, traffic, fire, earthquake, etc.) to provide a holistic real-time view of the electrical grid for system operators.

?GE is providing an EMS-like platform that combines synchrophasors with other sources of information to enhance wide-area situational awareness in real time,? said Michael Carlson, general manager?software solutions for GE?s Digital Energy business. ?Our phasor system will enable SCE to complete phase one of the project by exchanging synchrophasor data with the Western Electricity Coordinating Council and its member utilities.?

Source: http://feedproxy.google.com/~r/td-most-read/~3/0sNYmoEWDjM/index.html

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New DOL guidance on FMLA leave to care for adult children ...

It has always been understood that employees are entitled to take FMLA leave to care for minor children with serious health conditions. But it?s been less clear how the FMLA applies to employees who need time off to care for an adult son or daughter. Now the U.S. Department of Labor?s Wage and Hour Division (WHD) has weighed in with guidance.

The interplay between the FMLA and the ADA lies at the heart of the matter. According to WHD Administrator?s Interpretation No. 2013-1, issued Jan. 14, 2013:

A parent is entitled to take FMLA leave to care for a son or daughter 18 years of age or older, if the child:

  1. Has a disability as defined by the ADA
  2. Is incapable of self-care due to that disability
  3. Has a serious health condition
  4. Needs care due to the serious health condition.

Only when all four requirements are met is an eligible employee entitled to FMLA-protected leave to care for his or her adult child.

Note: The Administrator?s Interpretation notes that employers should broadly define ?disability,? as required by the Americans with Disabilities Act Amendments Act of 2008.

The interpretation makes clear that ?the age of a son or daughter at the onset of a disability is not relevant in determining a parent?s entitlement to FMLA leave.? That means an employee may be entitled to use FMLA leave to care for an adult child who is disabled as a result of an old condition (such as a birth defect or childhood illness) or a recent illness or injury, such as a car accident.

That distinction is crucial because, as the guidance notes, existing FMLA regulations ?do not explicitly address whether it is relevant if the disability occurs before or after the son or daughter turns 18 years old.? The WHD based its conclusion on an analysis of the FMLA?s legislative history.

The WHD guidance includes hypothetical examples of scenarios in which employees may and may not be entitled to take FMLA leave to care for adult children with serious health conditions.

Final note: Administrator?s Interpretation No. 2013-1 also clarifies that parents of military service members injured in the line of duty may be entitled to take more than 26 workweeks of FMLA leave in a 12-month period, as permitted by the FMLA's military caregiver leave provisions.

Advice: This is a complex issue. Consult with your attorney if an employee has an adult child with a serious health condition or disability.

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Cameroon cocoa exports up 15 pct through January

YAOUNDE (Reuters) - Cameroon's cocoa exports rose almost 15 percent in the five months to the end of January, compared with the same period last season, National Cocoa and Coffee Board statistics showed on Tuesday.

The world's fifth-largest cocoa grower shipped 172,135 tonnes between the start of the 2012/2013 season in August and the end of last month, up from 149,793 tonnes exported over the same period last season.

No specific reason was given for the rise in exports, although weather conditions for crops have been better than in the 2011/2012 season.

The central African country exported 37,004 tonnes in January, down from 41,136 tonnes in December, and up from 17,803 tonnes in January 2011, the figures showed.

The number of exporters fell to 27 from 32 in December. Telcar Cocoa Ltd topped the monthly export chart with 11,035 tonnes, followed by Olam Cam, a subsidiary of Singapore commodities firm Olam, with 5,134 tonnes.

The rise in exports came as farmgate prices slipped by up to 4 percent in the main growing centres in February, along with a price fall at the port, after some beans were blocked from entering the EU market due to poor quality, authorities said on Friday.

Cocoa, the main cash crop in Cameroon, is mainly grown in four regions, with the Centre and South West Regions each accounting for 40 percent of national output.

Cameroon exported 180,000 tonnes of cocoa during the 2011/12 season, down from the 200,083 tonnes the previous season, due to a prolonged dry season and attacks by pests and diseases.

Source: http://news.yahoo.com/cameroon-cocoa-exports-15-pct-january-122350053--finance.html

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Pac-12 reprimands Montgomery for shoving player

BERKELEY, Calif. (AP) ? California coach Mike Montgomery was reprimanded by the Pac-12 on Monday for shoving one of his own players in the chest during a game.

The conference did not announce what specific punishment Montgomery received for his actions Sunday night, although he will not be suspended.

"While emotions can run high in competitive environments, Pac-12 coaches are expected to conduct themselves in a manner that will reflect credit on the institution and the conference," Commissioner Larry Scott said. "Each Pac-12 coach must be aware that they are an example to student-athletes and other students, and consistent with this influence and visibility, must meet a particularly high standard."

The confrontation happened during a timeout early in the second half of Cal's 76-68 win over Southern California on Sunday night when Montgomery yelled at star guard Allen Crabbe for nonchalant play and then shoved him in the chest with both hands.

Montgomery downplayed the run-in immediately after the game but later issued an apology through the school. On Monday, he acknowledged he went too far trying to get his star player out of a funk.

"I made a mistake," he said in an interview with Pac-12 Networks. "There's no question about that. Allen is so important to us. There's a lot of pressure on Allen. He's got to perform for us. People are holding him, they're pushing for him, they're physical with him. It's very difficult for him. He, like everybody else, I'm sure he gets tired of that.

"Sometimes he tends to take himself out a little bit. Yet for us, he's our leader. We can't play if Allen is not engaged. To his credit, he generally has been but in this particular game I thought he was a little bit out of it."

Crabbe had to be forcibly restrained by teammates and briefly left the court before coming back and leading a comeback victory for the Golden Bears (16-9, 8-5 Pac-12).

Athletic Director Sandy Barbour said in a statement late Sunday night that she understood the game was emotional but Montgomery's actions were inappropriate.

"It is unacceptable for our coaches to have physical contact with student-athletes regardless of the circumstances," she said. "The second-half incident was certainly out of character for Mike Montgomery, and I am confident that something like this will not happen again."

Montgomery tried to make light of the controversy in the postgame news conference, smiling and saying the move motivated Crabbe. He also said he would do it again.

"Worked, didn't it?" Montgomery said of the exchange with Crabbe. "Allen had come down twice went to the wrong side of the court and his guy shot two 3s. I was trying to get him going. Probably overdid it a little bit but Allen's my guy. We can't win if he is not ready to play."

Crabbe, the leading scorer in the Pac-12 with an average of 19.8 points, scored 14 points after the shove and led the Bears back from a 15-point deficit to win.

Montgomery later apologized in a statement released by the school.

"I have great passion for this game and tonight, I let my emotions get away from me in the heat of the moment," Montgomery said. "While my intent was to motivate our student-athletes, my behavior was inappropriate and I apologize for my actions."

Crabbe said after the game that emotions were high at the time and Montgomery was just trying to motivate him.

"Everything's fine," Crabbe said. "It's under the bridge. He's my coach, no hard feelings. We're just going to keep moving on."

Source: http://news.yahoo.com/pac-12-reprimands-montgomery-shoving-player-225122530--spt.html

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