Wednesday, November 28, 2012

The GOP's Image Problem

After back-to-back disappointing Senate elections in 2010 and 2012, Republicans (and others) are looking at 2014 and wondering not just how similar, but perhaps, how different, they could be. Two years ago, Republicans gained six Senate seats, but that gain was disappointing compared with what they could have won but weren?t able to because of exotic candidates (see Colorado, Delaware, and Nevada), and compared with the 63 seats their party was able to gain in the House. In the election just past, Republicans were unable to knock off a single Democratic incumbent, and the only Democratic seat they did manage to win was in Nebraska, one that most Democrats long ago gave up for lost. Adding insult to injury, Democrats captured three GOP-held seats, beating incumbent Scott Brown of Massachusetts and winning open seats in Indiana and Maine (counting independent Angus King as a Democrat).

A major similarity between the 2012 and 2014 cycles is the disproportionately large number of Democratic seats up for grabs: 23 Democrats to 10 Republicans in the former and an expected 20 to 13 in the latter. What is likely to be a major difference in 2014, however, is Democratic performance against Republican incumbents. This past election, Democrats managed to capture three seats from the GOP in states that Barack Obama won in 2008 (Indiana), or in both ?08 and this year (Maine and Massachusetts). As unlikely as it was that Democrats would manage to gain seats in 2012 against the odds (I believe only the hyper-audacious Chuck Schumer ever predicted a net Democratic gain), the chances of them beating the point spread in three consecutive elections seems even tougher.?

Of the 13 Republican-held seats up in 2014, only one is in a state that Obama carried: Susan Collins in Maine. Indeed, Obama wasn?t even close in any GOP-held seats in other states. Other than Maine, the best Obama performances were minus 13 points in Alabama (Jeff Sessions), minus eight in Georgia (Saxby Chambliss), minus 12 in Mississippi (Thad Cochran), and minus 12 in South Carolina (Lindsey Graham). The other states ranged from minus 16 in Texas (John Cornyn) to minus 32 in Idaho (James Risch) and minus 34 in Oklahoma (James Inhofe).

Conversely, Democrats have three seats up in 2014 in states that Obama lost by more than 15 points: minus 17 points in Louisiana (Mary Landrieu), minus 24 in Arkansas (Mark Pryor), and minus 27 in West Virginia (Jay Rockefeller). It should be noted that six-term Rep. Shelley Moore Capito, R-W.Va., announced her candidacy on Monday at the State Capitol in Charleston. ?

In three more 2014 Democratic Senate states, Obama lost by at least five but less than 15 points: minus 11 in South Dakota (Tim Johnson) and minus 13 in both Alaska (Mark Begich) and Montana (Max Baucus). Former South Dakota Gov. Mike Rounds started an exploratory committee in September and is expected to challenge Johnson.

There are three more 2014 Democratic Senate seats up in swing states, defined as such due to 2012 margins of five points or less: Obama minus two in North Carolina (Kay Hagan), plus three in Virginia (Mark Warner), and plus five in Colorado (Mark Udall).

That?s nine Democratic seats that are either in demonstrably swing states or in enemy territory. This also does not take into account some states that were on the bubble: Obama won Iowa (Tom Harkin) and New Hampshire (Jeanne Shaheen) by just six points each.

The remarkable thing about Senate Democrats in 2012 was their ability to go on the offensive while, by necessity, playing defense. That will be much more difficult to replicate in 2014 given the seats up that cycle.

Republicans will still face the same obstacles they have had to contend with in the last two cycles: first, getting high-quality and electable candidates to run, and second, getting them through primaries. Their challenge, in part, is that too many traditionally Republican voters?both of the moderate and the ?mainstream? variety?seem to have pulled back from active roles in GOP politics and even participation in primaries, allowing the more conservative wing of the party to become dominant. This has encouraged extreme candidates to run and has produced rather exotic and problematic candidates who often go on to lose general elections. Republicans took encouragement in Mitt Romney performing so well among independent voters, but the truth is that many of those were Republican-leaning independents?voters who used to call themselves Republicans but have edged over one notch to the left?who were uncomfortable with much of the rhetoric that has been projected in recent years.

But even if these candidates don?t open their mouths, insert grenades, and pull pins (a la Todd Akin and Richard Mourdock), they still project a more extreme image for the party that makes it incredibly difficult for more-mainstream Republicans in swing or difficult states to win. For every Akin and Mourdock, there is a Scott Brown, a Linda Lingle, or a Heather Wilson who cannot win in tough places, at least in presidential years, because of the face of the Republican Party, a threatening brand to many moderate and swing voters.?

Source: http://news.yahoo.com/gops-image-problem-212511754--politics.html

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Tuesday, November 27, 2012

AAA Michigan: Gas prices up 4 cents from last week

DEARBORN, Mich. (AP) ? AAA Michigan says gasoline prices have risen roughly 4 cents during the past week to a statewide average of about $3.57 per gallon.

The auto club said Monday the average is about 34 cents per gallon more than last year at this time.

Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Traverse City, Saginaw and Bay City areas, where it's about $3.51 a gallon. The highest average is in the Ann Arbor area at about $3.61.

Dearborn-based AAA Michigan surveys 2,800 Michigan gas stations daily.

Source: http://news.yahoo.com/aaa-michigan-gas-prices-4-cents-last-week-160613421--finance.html

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Monday, November 26, 2012

E3M European Conference 4 & 5 March 2013 ? Social Business ...

Logo_E?Mlogo

?Growing Successful Social Enterprise: Lessons and Opportunities? is a major European conference and exhibition for 500 delegates that will provide a focal point for showcasing and learning about innovation in European social enterprise.

The conference will take place in the UK and have a particular focus on the Ms: of Markets, Money, Models and Measurement. It will explore some of the key elements of the EU?s Social Business Initiative, making links between emerging policy and practice on the ground in different member states.

Participants will be able to make contact with potential cross boarder partners and identify future business opportunities.

The conference flyer can be downloaded here?E3M2pp.pdf[1]

For more information and booking www.successfulsocialenterprise.eu

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Source: http://socialbusinessint.com/2012/11/e3m-european-conference-4-5-march-2013/

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Head of SEC, Mary Schapiro, to step down next month

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The head of the Securities and Exchange Commission, Mary Schapiro, announced Monday that she is stepping down next month?as chairwoman of the Wall Street watchdog she overhauled.

The agency said in a statement that she would relinquish the position she held since January 2009, as the nation was still wrestling?with the worst financial crisis since the Great Depression, on Dec. 14, 2012.

The White House said in a statement that President Barack Obama would be designating SEC Commissioner Elisse Walter to succeed Schapiro.?

"I'm confident that Elisse's years of experience will serve her well in her new position, and I'm grateful she has agreed to help lead the agency," the White House's statement said.

The New York Times reported earlier Monday?that?the SEC told the White House and the Treasury Department recently that Schapiro, 57, would leave next month.?

Schapiro's decision had been widely expected. The Times said she had told staff members that she was exhausted after nearly?four years at the helm of the agency and that she would like to step down after the November elections.

?It has been an incredibly rewarding experience to work with so many dedicated SEC staff who strive every day to protect investors and ensure our markets operate with integrity,? Schapiro said in a statement.? ?Over the past four years we have brought a record number of enforcement actions, engaged in one of the busiest rulemaking periods, and gained greater authority from Congress to better fulfill our mission.?

The SEC said that Schapiro is one of the longest-serving SEC chairmen, having served for longer than 24 of the pervious 28. She oversaw the agency during one of its most difficult periods, including a barrage of criticism that the agency was weak and inefficient in the years leading up to the financial crisis.

Source: http://www.nbcnews.com/business/head-sec-mary-schapiro-step-down-next-month-1C7206890

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Tuesday, November 20, 2012

Goldman to buy warrants worth $40 million in Dubai firm

DUBAI (Reuters) - Goldman Sachs Inc bought warrants worth 147 million dirhams ($40 million) in Dubai's Drake & Scull International , less than a week after helping arrange a loan facility for the contracting firm.

Drake, which specializes in mechanical, engineering and plumbing operations, said the "strategic" investment would represent about 8.5 percent of the company's current market capitalization.

The warrants mature in five years and can be exercised by Goldman any time after two years, Drake said in a statement on Monday, without revealing any pricing details.

Goldman's exposure will be settled in cash once the warrants are exercised, subject to pre-agreed maximum cash settlement amount.

The contractor, which reported a 93 percent drop in third-quarter profit on Sunday, had signed a $120 million equivalent loan facility to support its growth into other markets last week.

Goldman acted as a coordinator for the loan facility. Drake's shares fell 0.5 percent on the Dubai bourse in early trade following the announcement. ($1 = 3.6730 UAE dirhams)

(Reporting by Praveen Menon; Editing by Dinesh Nair)

Source: http://news.yahoo.com/goldman-buy-warrants-worth-40-million-dubai-firm-061959387--sector.html

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MintLife Blog | Personal Finance News & Advice | 3 Tips to Buying ...

gift card

Gift cards are my favorite gift to give and receive and, apparently, I?m not alone.? According to the National Retail Federation, gift cards are the most requested holiday gift. They?re never the wrong size, never the wrong color and I never have to return them.

Some people call them thoughtless or impersonal, but I think they?re great. Still, whether you?re shopping for gift cards for someone else or you?ve received one as a gift, there are some things you should know about them.

They Will Lose Value, Just Not Anytime Soon

Prior to August 22, 2010, gift cards could rapidly lose value if they weren?t redeemed quickly enough. A common complaint was that you were given a card with a value of $100, for example, but when you redeemed the card months later, it was worth only $87. The remaining amount had been chewed up in fees.

You don?t have to worry about that happening any longer, unless you really take your sweet time redeeming your gift card. The value of any gift card purchased this year must remain in tact for five years from the date it was purchased. The exception to that rule is if your card is not used for 12 consecutive months.

The above rules do not apply for prepaid debit cards, which are often given as a gift, or promotional gift cards given as a rebate for a large purchase.

Don?t Fall For Gift Card Scams

Unfortunately, scams are just as common during the holiday season as they are the rest of the year and gift cards are not immune. Don?t fall for these gift card scams:

The Trojan Horse Scam:?If you buy the first card hanging on a rack at a store, there?s a chance a thief has already written down the number on the back of the card. The thief knows you?re not giving it away until December 25th, so he waits a few days and calls the toll free number off the back of the card to verify the value of the card.

If the card has value, the thief can then use it online and drain it. You won?t find out until after the holidays, if you ever find out at all. You?ll reduce your exposure to this scam by only buying cards that are in plain sight of security cameras or a check out clerk.

The Bait and Switch:?Buying gift cards on the secondary market has become very popular. Consumers get a card for a store they don?t care for and they?ll list the card on eBay, Craigslist or a gift card resale site like Plastic Jungle.

And while most auction and retail websites have some protections in place to deal with fraudulent transactions, some do not. Plastic Jungle, for example, guarantees the cards sold on their site and, of course, eBay has their seller rating system and other consumer protections as well.

Point being, if you want to buy a gift card that?s worth $100, you might want to purchase it directly from the retailer to reduce the chances of being defrauded, which dovetails nicely into my last tip.

You May Not Have to Pay Full Price

Buying discounted gift cards is an option if you?re one of the many shoppers who can?t stand paying full retail. There are a number of websites dedicated to buying and reselling unwanted gift cards.

You can normally save anywhere from 5% to 15% buying on the secondary market, depending on the card. As you can imagine, the more popular cards offer less of a discount, while less popular cards offer a much larger discount.

This cuts both ways. If you receive a gift card that you don?t want, don?t just let it sit around in your dresser drawer because it will eventually start to lose value. In many cases, you can sell it for at least 80% of its remaining value.

John Ulzheimer?is the President of Consumer Education at?SmartCredit.com, the credit blogger for?Mint.com, and a contributor for the?National Foundation for Credit Counseling.? He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry. The opinions expressed in his articles are his and not of Mint.com or Intuit.?Follow John on Twitter.

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Source: http://www.mint.com/blog/consumer-iq/3-tips-to-buying-and-using-gift-cards-this-holiday-season-1112/

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Monday, November 19, 2012

Derek Dooley fired as Tennessee coach

Derek Dooley?s days at Tennessee are over.

The university announced the anticipated firing Sunday after Dooley posted the storied program?s longest run of consecutive losing seasons in over a century .

Dooley, 44, had a 15-21 record that included an 0-15 mark against Top 25 teams. Dooley was 4-19 in Southeastern Conference competition during his three-year tenure and had lost 14 of his last 15 league games.

?This is a result-based profession,? Tennessee athletic director Dave Hart said. ?You cannot ignore the results at the end of the day.?

Offensive coordinator Jim Chaney will serve as Tennessee?s interim coach for the Kentucky game.

GEORGIA SOUTHERN: The Eagles will be a No. 5 seed in the FCS playoffs and play host to Central Arkansas in the first round Dec. 1

BIG TEN EXPANSION: The Maryland Board of Regents is scheduled to meet Monday to discuss the Terrapins leaving the Atlantic Coast Conference for the Big Ten.

If Maryland approves the move and applies for admission, Rutgers is expected to follow suit and leave the Big East.

MIAMI: Coach Al Golden says he has not been told if the Hurricanes have decided whether to impose a second consecutive postseason ban.

Golden spoke with acting athletic director Blake James on Sunday, one day after the Hurricanes (6-5) became bowl eligible with a win over South Florida.

The Hurricanes? compliance practices have been the subject of an NCAA investigation since 2011, and because that inquiry is not complete, it?s possible that Miami might self-impose another ban.

Source: http://m.chronicle.augusta.com/sports/college/2012-11-18/derek-dooley-fired-tennessee-coach

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