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DETROIT - Chilly winds and snow flurries are greeting thousands of Michigan travellers as they head home after spending the Thanksgiving holiday with family and friends.
The long Thanksgiving weekend saw temperatures push into the 60s in places, but Michigan got a preview of winter on Sunday, with midday readings in 20s and 30s and swirling snow in places.
AAA Michigan has estimated that about 1.3 million state residents were planning to travel 50 miles or more during this year's Thanksgiving period, an increase of 7 per cent over 2011.
Many buses are fully booked Sunday on the Megabus discount travel system that serves Detroit, Ann Arbor, Grand Rapids and East Lansing, and flights are packed at Detroit Metropolitan Airport.
Source: http://news.yahoo.com/wintry-weather-greets-thousands-home-bound-thanksgiving-weekend-172819697.html
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9 hrs.
Matthew Goldstein and Jennifer Ablan , Reuters
(Reuters) - The FBI sees social media as a potential breeding ground for securities fraud, and has agents scouring Twitter and Facebook for tips, according to two top agents overseeing a long-running investigation into insider trading in the $2 trillion hedge fund industry.
April Brooks, a special agent in charge of the New York field office of the Federal Bureau of Investigation, and David Chaves, a supervisory agent, said it is hard to predict the next wave of securities fraud, but they add that it will have a lot to do with advances in technology and social media.
"I will tell you technology will play a huge part, social media, Twitter. Any kind of technology that is new and doesn't exist today, if there is any way to exploit it, these individuals will exploit it," Brooks told Reuters TV in an interview for the Reuters Investment Outlook 2013 Summit.
Brooks and Chaves oversee what the FBI calls "Operation Perfect Hedge," which has led to more than 60 convictions of hedge fund traders, analysts and industry consultants.
Last Tuesday, a day after the Reuters TV interview, the government charged a former employee of Steven A. Cohen's SAC Capital, Mathew Martoma, with a $276 million insider trading scheme that prosecutors called "the most lucrative" ever.
While Cohen, whose $14 billion hedge fund is one of the most successful and best known on Wall Street, was not charged with any wrongdoing, the complaint says he signed off on trades in Elan Corp and Wyeth in July 2008 ahead of bad news about a clinical drug trial the companies were working on.
Brooks and Chaves gave no hints about the SAC case in the interview, and declined to talk about active investigations.
"Some view insider trading as reaching this crescendo, and we have reached a top. I would suggest we have not," Chaves said.
Investors embrace Twitter
Hedge funds, big institutional investors and investment research firms, such as Muddy Waters (@muddywatersre), have embraced Twitter as a platform for sharing their ideas and investment strategies.
On November 20, PIMCO's Bill Gross tweeted via @PIMCO: "Bernanke confirms PIMCO's New Normal after 3 years! 2% economic potential at least for a time. Probably lower & longer Mr. Chairman."
Gross was referring to Ben Bernanke, chairman of the Federal Reserve, and PIMCO's portfolio positioning for what he calls a "New Normal" developed world economy - 2.0 percent real growth and 2 percent inflation.
"People have used Twitter as a powerful distribution mechanism, occasionally with meaningful market impact," said independent analyst Daniel Yu, who is an avid user of Twitter under the handle @LongShortTrader.
Studies and research reports have shown that Twitter can be used as an early indicator of changing investor sentiment around particular stocks and commodities. This allows Twitter data to be used to predict price fluctuations in the market.
One report, authored by academics Johan Bollen, Huina Mao and Xiao-Jun Zeng, says the degree of "calmness" of the Twitterverse can predict - with 87.6 percent accuracy -- how the Dow Jones industrial average will move two to six days ahead of time.
Some hedge funds and other investors have criticized U.S. authorities for cracking down on insider trading to distract attention from the fact that law enforcement has not been able to bring any prosecutions against Wall Street bankers over the financial crisis.
Brooks and Chaves acknowledged the criticism. They said there is a desire to prosecute, but the laws are not there to criminalize actions that some think deserve to be punished.
"I wouldn't say we have missed opportunities," Brooks said, commenting on the 2008 financial crisis. "There may be others who are responsible, but who don't necessarily violate the federal statutes."
The two agents, who both work in the securities division of the New York branch of the FBI, said that when they meet with people on Wall Street, they explain there is no vendetta or campaign against the hedge fund industry. The insider trading investigation is simply part of an effort to make the markets more fair for everybody.
"The message is we are out there, and we are going to continue to be out there," Brooks said. "This type of violation, this type of crime impacts everyone."
(Reporting by Matthew Goldstein and Jennifer Ablan; Editing by Tiffany Wu and Jan Paschal)
(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp
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You may possibly need to have to transform the flooring you have for any quantity of causes. Look at your selections properly ahead of taking a final selection. Soon after all receiving new flooring laid is not a monthly or even yearly affair. You will need to assure that whatever may possibly be your ultimate selection ? affordable hardwood flooring or laminate wood flooring ? it need to be anything that lasts for a extended time to come. Due to the fact wonderful flooring transforms your household, guarantee that it is proper for the space or location exactly where it is going to be laid. Security is paramount in particular exactly where floors are concerned, so the flooring really should be such that persons do not slip and fall. >
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McKinney, TX (PRWEB) November 16, 2012
Custom Car Stereo & Tint, a one stop shop for the best in window tint, car audio, mobile video and paint protection film in McKinney, is pleased to announce that it now provides headlight restoration service. In an effort to save their customers money on headlight replacement, the company began offering restoration service for dull or cloudy headlights.
?Headlights dull and fade over time?even on high end vehicles, such as BMWs and Infinities,? said Sam Smart, owner of Custom Car Stereo & Tint. ?Since we began offering this service, we have save people hundreds of dollars by restoring foggy, dull or faded headlights so our customers don?t need to have them completely replaced.?
The experienced professionals at Custom Car Stereo & Tint know that their customers take pride in their vehicles, and are dedicated to providing superior, quality service. All of their installations go through a 10-point inspection before the job is complete. The company offers a lifetime warranty on all of their installations and assures customers that the job will be done right, the first time.
Custom Car Stereo & Tint provides full-service commercial and residential tinting, vehicle security products, iPod integration, paint protection, car stereos, keyless entry systems and a wide array of other quality vehicle enhancement services. For complete information about all Custom Car Stereo & Tint products and services, and coupons for discounts off of select services, visit their website at http://www.customcarstereodallas.com or call (469) 343-1664.
About the company:
At Custom Car Stereo & Tint we offer Car Audio, Mobile Video, Marine Audio, Automotive/Commercial Window Film Installation, Paint Protection Film and more. With over 20 years of Mobile Electronics and Window Film Installation experience, no job is to big, or to small. We are committed to keeping our customers coming back year after year. For more information, please visit their website at http://www.customcarstereodallas.com.
Source: http://jitnews.com/2012/11/25/custom-car-stereo-tint-announces-new-headlight-restoration-service/
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[First published at Real Clear Politics.]
Hobby Lobby, the mega craft store, has lost the first round of their case against the government over the contraception mandate, and will be?fined?$1.3 million per day starting January 1st if they do not pay for contraception, sterilization, and abortifacients through employee provided insurance.
As a ?secular? corporation, they have no rights to use the religious beliefs of their ownership as a justification not to abide by the contraception mandate. This decision is?inconsistent?with the Tyndale House one you may have heard about. So apparently being a Bible publisher does make you religious, but being a Bible seller doesn?t.
The argument the administration advanced successfully in the Hobby Lobby case is a particularlytroublesome?one for believers of all faiths who operate under the assumption that they can use their moral principles to guide the way their place of business spends money. According to the administration?s legal arguments, the family that owns Hobby Lobby is not protected by the First Amendment?s ?free exercise? clause because ?Hobby Lobby is a for-profit, secular employer, and a secular entity by definition does not exercise religion.?
If Hobby Lobby ultimately loses this case, it?s not hard to see which decision they?ll make given the choice between a $1.3 million per day fine and a $2 million per month fine. The latter, of course, is the amount they estimate they?ll pay for simply dropping insurance altogether and shifting all employees onto Medicaid and the subsidized exchange coverage.
Think it?ll be a hard decision? Maybe understanding who these people are would give you some clarity.
The Hobby Lobby folks are a straight-up American success story. A family business, started in Oklahoma in 1970 with a $600 bank loan, they started by making their frames from wood bought from local sellers, building them in their garage. The kids glued them together on the kitchen table in exchange for baseball cards. The family opened their first frame retail shop in Oklahoma City in 1972. They had four employees. Now they have 514 stores in 41 states. They employ 13,240 people full time. In 1981 they added another store to the family, Mardel, a Christian/church supply shop which sells Bibles and study books, curriculum, Christian craft supplies. That?s another 35 stores, in 7 states, with 372 employees. So they went from a garage business started with $600 to two businesses that employ more than 13,600 people full time across basically the entire country.
The company remained all privately owned, with no franchising. Their statement of purposes and various commitments all begin with Bible verses, commitments to honor the Lord. The Hobby Lobby folks pay well above minimum wage and have increased salaries four years in a row despite the recession. They are teetotalers of the old Oral Roberts variety, refusing to stock shot glasses, don?t sell any of their store locations with liquor stores, don?t allow backhauling of beer shipments ? all things that could make them money, but they just bear the costs. Every Christmas and Easter, the Hobby Lobby folks advertise a free Bible and spiritual counseling. They are closed every Sunday. The family also signed the giving pledge, committing to donate the majority of their wealth to philanthropy.
So: I doubt this is the type of company to spend one dime on this contraception mandate. They will just drop coverage, and pay employees the difference, shifting them onto the exchanges or the taxpayer, rather than compromise their beliefs. It?s logical, it?s more predictable as a budgeting choice, and it will save them tens of millions in the long run versus retaining coverage and paying the fine.
The case isn?t over, of course ? there will be an appeal, and I wouldn?t be surprised to see this end up at the Supreme Court. There?s also a?bipartisan?effort to expand the religious exemption, though that?s more targeted at individuals than companies. It may be that the next major court decision regarding Obamacare will deal with how religious freedom rights apply to corporations ? a Hobby Lobby case which follows with, or breaks from, the lessons of Citizens United could have enormous ramifications for religious business owners across the country. Americans will find out soon whether freedom of association matters or doesn?t under the Obama health insurance regime.
Source: http://blog.heartland.org/2012/11/hobby-lobby-and-religious-liberty-under-obamacare/
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Fathers and Families is asking NC Governor Pat McCrory to start talking with NC Senate and House leaders about bringing the presumption for Equally Shared Parenting to NC Children so that they can experience direct support, love, guidance, and nurturing from both parents and extended families. As a reader of this article, be it a non-custodial parent, step-parent, grandparent, or other interested party, it is important to widely share this article with other NC non-custodial family members on sites like Facebook, Twitter, Linkedin, and other networks to help rally them around this issue. Governor Pat McCrory needs to hear from NC non-custodial families numbering in the millions that they are tired of being marginalized in their childrens lives as visitors 5 days a month. NC Governor Pat McCrory needs to understand that having two equal parents at the table for children that are providing emotional, physical, psychological, and direct financial support to them brings far greater resources and opportunities than any big government enforcement agency like child support enforcement can ever deliver. Fathers and Families strongly believes that in situations where custodial parents who are receiving expanding social services like educational assistance, housing assistance, food assistance, medical assistance, job assistance, and other programs which is creating havoc on the NC budget, that there will be less of a need for these programs when you have the non-custodial parent and extended family in the lives of children. NC Governor Pat McCrory needs to understand that currently in the NC Family Law system, non-custodial parents and families are pushed to the margins of kids lives and can only offer financial help to their children.
Fathers and Families did not endorse Candidate McCrory in his run for the Governor, nor is the posting of this video meant to imply an endorsement for future elections. This video is here to remind Governor McCrory of NC non-custodial family struggles as outlined below.
Statement on Positive Outcomes with NC Shared Parenting
Fathers and Families believes there are many positive outcomes for NC children in families with shared parenting, and we are asking Governor Pat McCrory to review this information when considering legislation surrounding it.
Statement on Social Security Title IV-D Legislation
Fathers and Families wants Governor Pat McCrory to understand that the Social Security Act, Title IV, Part D, and specifically section 458 which is entitled ?Incentive Payments To States? is a revenue stream for NC Social Services Jobs, Programs, and Services. In NC, for each dollar collected by Child Support Enforcement, the State gets back a match amount of federal money that is then used to replenish Welfare money. While at face value this may seem positive, it actually isn?t because the State of NC has become dependent on this money and NEEDS non-custodial parents as far from their children as possible so that they pay greater child support money and trigger greater federal money. Fathers and Families has faith in Governor McCrory, the NC Senate, House of Representatives, and Family Law Judges to find an alternative way to fund Social Services outside of separating kids from half of their family.
Statement For The Argument That Fathers Just Want Shared Parenting To Lower Their Child Support
The argument that Fathers just want to have equal parentage and access to their children to lower child support is a clever argument by those opposed to shared parenting because it tries to rope others into believing the stigma that all Fathers are Deadbeat. The fact is, if this were about money then Fathers would be screaming the loudest AGAINST shared parenting because the fact is, under Shared Parenting Fathers will expend far greater dollars when they have their children equal amounts of the time. This argument is an attempt to socialize responsible fatherhood in with paying a big government enforcement agency money so that Title IV-D funds will be generated back to the State of NC. The greater responsibility in fatherhood is directly supporting children financially, emotionally, physically, and psychologically. This is something that child support enforcement doesn?t offer. Therefore, we encourage Governor Pat McCrory to resist this argument when the opposition and Family Law lobby meets with you.
Statement On Shared Parenting in NC Not Being Needed Because There Is Proof Fathers Do Not Want Shared Parenting
Many groups who oppose equally shared parenting say that fathers give up custody and equal parentage in agreements outside of a court room 80% of the time and this proves that the majority of fathers prefer not to be equal parents. Again, while this is true, the fact is that fathers know that if they go into a family court and ask for equal parentage or joint physical custody/shared parenting, that they will lose and most likely end up with less than what is being offered outside of court and made a deal they were not comfortable with. Why go to a Family Law court and spend $20,000 just to lose and see less of your children that what is being offered outside court for free even if it is not optimal? Again, we encourage Governor Pat McCrory to resist this argument when the opposition and Family Law lobby meets with you.
Statement on False Allegations of Domestic Violence and Child Abuse
Fathers and Families hears daily from many non-custodial families, be it fathers, mothers, and men and women in the extended family who tell us that the majority of child custody battles and child support enforcement cases today involve some type of false allegation of Domestic Violence or Abuse in the hopes of gaining a tactical advantage in the NC Family Courts. Given the emotion surrounding these issues, many NC Judges are allowing these false allegations to proceed to conviction to ?be on the safe side.? The problems with this is, that a simple allegation in NC can lead to complete alienation of children from their fathers, step-mothers, grandmothers, aunts and uncles, and step-siblings.
Undoubtedly Governor Pat McCrory is aware of the divorce statistics in NC, and rate at which parents are having children outside of marriage. With that, Fathers and Families believes that roughly HALF of the NC population has either a direct tie or indirect tie to a NC non-custodial family member who sees the struggle they endure within the NC Family Law system and courts. Furthermore, Governor McCrory needs to understand that non-custodial families come from all racial and ethnic backgrounds, political party affiliations, and socioeconomic backgrounds. And, one can clearly see that many WOMEN in non-custodial families are equally hurt in the NC Family Courts unless we bring about reform for the presumption for Equally Shared Parenting.
How You Can Help Send The Message To Governor Pat McCrory That Family Law Reform in NC Is Needed, And That Shared Parenting Is In The Best Interest of Children.
1) Contact the Governor via email and send him to this blog, and be sure to show your support for Fathers and Families Shared Parenting mission: (Coming Soon Once The Newly Elected Governor Has a Website Up)
2) Call Governor McCrory personally and tell him your story as a non-custodial family member: (Coming Soon)
3) Send a message to the Governor on his Facebook page: http://www.facebook.com/PatMcCroryNC
4) Using Twitter, tweet this blog to the Governor under his Twitter name: @patmccrorync ? Be sure to add the Twitter hashtags #ncleg #ncga and #ncpol to the end of your tweet.
5) Find your local NC Representative and Senator and email them a link to this blog: For House Representatives: http://www.ncleg.net/gascripts/members/memberList.pl?sChamber=House and for State Senators: http://www.ncleg.net/gascripts/members/memberList.pl?sChamber=Senate
6) Extensively share this article on Facebook, Twitter, Linkedin, and other networks.
7) Help Support Fathers and Families: http://www.fathersandfamilies.org/give-a-gift
8) Join Fathers and Families on Facebook
9) If you have a website or blog, please copy and paste the code below into your site to help support Governor Pat McCrory in bringing Equally Shared Parenting and Family Law reform to NC
Ask <a href="http://www.fathersandfamilies.org/2012/11/24/nc-governor-pat-mccrory-family-law-reform-for-shared-parenting" target="_blank">Governor Pat McCrory</a> To Support Equally Shared Parenting in NC.
This entry was posted on Saturday, November 24th, 2012 at 9:25 pm and is filed under North Carolina. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
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