Tuesday, April 30, 2013

March Pending Home Sales - Business Insider

The March reading of pending home sales is out.

Sales jumped 1.5% from last month.? Economists were looking for a 1.0% gain.

However, February's reading was revised down to -1.0% from an initial reading of -0.4%.

"Contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply," said Lawrence Yun of the National Association of Realtors.? "Little movement is expected in near-term sales closings, but they should edge up modestly as the year progresses. Job additions and rising household wealth will continue to support housing demand."

Some of the recent housing data has suggested that the housing recovery is slowing.? As such economist will want to keep a close eye on this report.

Source: http://www.businessinsider.com/march-pending-home-sales-2013-4

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Duncanville man indicted; federal authorities allege he defrauded ...

A Duncanville man helped defraud insurance companies of $3.5 million in a staged accident scheme, federal authorities say.

Leroy Nelson, 61, was arrested and indicted Monday on six counts of mail fraud and six counts of engaging in illegal monetary transactions, U.S. Attorney Sarah Salda?a?s?office announced.

The indictment alleges that Nelson filed claims for damaged equipment with descriptions such as ?remote aircraft landing marker,? a ?chemical pipeline examiner? and a ?seismographic probe.? Nelson also sent the same picture to different insurance companies, but described the damaged equipment differently each time, authorities said.

Nelson?s claim estimates usually ranged from $16,000 to $19,000, according to the indictment. Authorities said he directed the insurance checks to two of his warehouses in Duncanville on Explorer Street, or to private addresses in other states ? which were set up to forward mail to his warehouse.

If convicted, Nelson faces up to 20 years in prison on each mail fraud count, and a maximum of 10 years for each count of engaging in an illegal monetary transaction.

Continue reading to see the indictment.

Leroy Nelson Indictment

This entry was posted in Crime, Federal courts, Fraud and tagged Leroy Nelson by Tristan Hallman. Bookmark the permalink.

Source: http://crimeblog.dallasnews.com/2013/04/duncanville-man-indicted-federal-authorities-allege-he-defrauded-insurance-companies.html/

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Monday, April 29, 2013

Grocery delivery service is greener than driving to the store

Apr. 29, 2013 ? At the end of a long day, it can be more convenient to order your groceries online while sitting on the living room couch instead of making a late-night run to the store. New research shows it's also much more environmentally friendly to leave the car parked and opt for groceries delivered to your doorstep.

University of Washington engineers have found that using a grocery delivery service can cut carbon dioxide emissions by at least half when compared with individual household trips to the store. Trucks filled to capacity that deliver to customers clustered in neighborhoods produced the most savings in carbon dioxide emissions.

"A lot of times people think they have to inconvenience themselves to be greener, and that actually isn't the case here," said Anne Goodchild, UW associate professor of civil and environmental engineering. "From an environmental perspective, grocery delivery services overwhelmingly can provide emissions reductions."

Consumers have increasingly more grocery delivery services to choose from. AmazonFresh operates in the Seattle area, while Safeway's service is offered in many U.S. cities. FreshDirect delivers to residences and offices in the New York City area. Last month, Google unveiled a shopping delivery service experiment in the San Francisco Bay Area, and UW alumni recently launched the grocery service Geniusdelivery in Seattle.

As companies continue to weigh the costs and benefits of offering a delivery service, Goodchild and Erica Wygonik, a UW doctoral candidate in civil and environmental engineering, looked at whether using a grocery delivery service was better for the environment, with Seattle as a test case. In their analysis, they found delivery service trucks produced 20 to 75 percent less carbon dioxide than the corresponding personal vehicles driven to and from a grocery store.

They also discovered significant savings for companies -- 80 to 90 percent less carbon dioxide emitted -- if they delivered based on routes that clustered customers together, instead of catering to individual household requests for specific delivery times.

"What's good for the bottom line of the delivery service provider is generally going to be good for the environment, because fuel is such a big contributor to operating costs and greenhouse gas emissions," Wygonik said. "Saving fuel saves money, which also saves on emissions."

The research was funded by the Oregon Department of Transportation and published in the Journal of the Transportation Research Forum.

The UW researchers compiled Seattle and King County data, assuming that every household was a possible delivery-service customer. Then, they randomly drew a portion of those households from that data to identify customers and assign them to their closest grocery store. This allowed them to reach across the entire city, without bias toward factors such as demographics and income level.

They used an Environmental Protection Agency modeling tool to calculate emissions at a much more detailed level than previous studies have done. Using factors such as vehicle type, speed and roadway type, they calculated the carbon dioxide produced for every mile for every vehicle.

Emissions reductions were seen across both the densest parts and more suburban areas of Seattle. This suggests that grocery delivery in rural areas could lower carbon dioxide production quite dramatically.

"We tend to think of grocery delivery services as benefiting urban areas, but they have really significant potential to offset the environmental impacts of personal shopping in rural areas as well," Wygonik said.

Work commuters are offered a number of incentives to reduce traffic on the roads through discounted transit fares, vanpools and carpooling options. Given the emissions reductions possible through grocery delivery services, the research raises the question of whether government or industry leaders should consider incentives for consumers to order their groceries online and save on trips to the store, Goodchild said.

In the future, Goodchild and Wygonik plan to look at the influence of customers combining their grocery shopping with a work commute trip and the impact of the delivery service's home-base location on emissions.

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The above story is reprinted from materials provided by University of Washington, via EurekAlert!, a service of AAAS.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/kNz_k9R6AKw/130429095147.htm

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Sunday, April 28, 2013

Building A Culture That Works: The CEO As The Cultural Epicenter

glowEditor's note: Peter Levine is a partner at Andreessen Horowitz. As a former CEO and senior executive, there was a time when I did not quite understand the profound impact a CEO has on the culture of a company, even though I always knew culture was important. The organization reflects the behavior and characteristics of the CEO, and that establishes the culture. Foster an environment of open communication and the organization inherits a culture of open communication. Operationally detailed? The organization becomes operationally detailed. Political? The organization becomes political. Curse a lot? The organization curses. Angry? The organization gets angry. Have a big office? Everyone wants a big office. It doesn?t matter what?s written on a coffee mug or on a ?culture? slide, what you do as a CEO, day in and day out, and how you behave will define your company?s culture.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/nAhVKIW1vNA/

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Boston Turns Street into Memorial for Bombing Victims (Voice Of America)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/301997157?client_source=feed&format=rss

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Italy forms new government after 2-month stalemate

ROME (AP) ? Center-left leader Enrico Letta forged a new Italian government Saturday in a coalition with former Premier Silvio Berlusconi's conservatives, an unusual alliance of bitter rivals that broke a two-month political stalemate from inconclusive elections in the recession-mired country.

The daunting achievement was pulled off by Letta, who will be sworn in as premier along with the new Cabinet at the presidential Quirinal Palace on Sunday.

Letta, 46, is a moderate with a reputation as a political bridge-builder. He is also the nephew Berlusconi's longtime adviser, Gianni Letta, a relationship seen as smoothing over often nasty interaction between the two main coalition partners.

Serving as deputy premier and interior minister will be Berlusconi's top political aide, Angelino Alfano. He is a former justice minister who was the architect of legislation that critics say was tailor-made to help media mogul Berlusconi in his many judicial woes.

The creation of the coalition capped the latest political comeback for Berlusconi, a former three-time premier who was forced to resign in 2011 as Italy slid deeper in to the eurozone's sovereign debt crisis.

On Monday, Letta is expected to lay out his strategy to Parliament, before required confidence votes from the Chamber of Deputies and the Senate.

"We negotiated for the formation of the government without throwing up any stop signs," Berlusconi told one of his TV networks. "That's how we contributed to forming a government in short time" after Letta was tapped Wednesday.

Berlusconi, a fervent anti-Communist, views Italy's left as a personal nemesis, and Letta's Democratic Party has some of its roots in what was the West's largest Communist Party.

Letta expressed "sober satisfaction over the team we put together and its willingness" to form a coalition.

Although Letta strove to fill his Cabinet with new faces, a longtime Italian central bank official, Fabrizio Saccomanni, who also served a stint at the International Monetary Fund, was chosen for the key economy ministry portfolio.

In the role, Saccomanni will have to balance European Union insistence on rigorous austerity to heal Italy's finances with politicians' sensitivities to voters. The public's patience has been tried by spending cuts and higher taxes without seeing the start of any economic revival.

Only a few weeks earlier, the head of the Democrats, Pier Luigi Bersani, resigned from the party post in humiliation and he refused Berlusconi's offer for a "grand coalition" and futilely tried to form a government without the center-right. Letta was a Bersani loyalist.

Bersani hailed the coalition formula as a "necessary compromise" that gives the country "freshness and solidarity."

The No. 3 bloc in Parliament, the anti-establishment 5 Star Movement, is led by comic Beppe Grillo, who ruled out any alliance with the largely sullied political class that has ruled Italy for decades.

President Giorgio Napolitano, who tasked Letta with creating a government out of bitter rivals, called upon the coalition partners to work "in a spirit of absolute, indispensable cohesion" as they work for sorely needed political and economic reforms.

The 87-year-old head of state sounded almost breathless as he expressed confidence the rivals could work together "without conflict or prejudices to find the right solutions" to the country's pressing economic and political problems.

Napolitano didn't name the challenges, but they include fighting unemployment, especially for young people, and corruption sullying much of the political class.

Napolitano said: "It was and is the only possible government," and one "whose formation couldn't be delayed further, in the interest of our country and of Europe."

He reluctantly agreed to be re-elected by Parliament earlier this month for another seven-year term because of the political instability.

Italy's economy is No. 3 among eurozone members, and financial markets have been anxiously watching to see if an effective government could be formed to carry on with outgoing Premier Mario Monti's efforts to keep the country from sliding into the eurozone's sovereign debt crisis.

Some Italian political observers have predicted such a hybrid government might last only a few months of Parliament's five-year term, before collapsing in squabbling.

But the fear of elections, especially after the lightning-quick rise of comic Grillo's grassroots movement, could prove to be strong glue.

Giovanni Orsina, deputy director of LUISS university's school of government in Rome, ventured that Letta's new coalition could "last more than we expect, 18 to 24 months, more or less."

The history professor cited "lack of alternatives, and because I believe Parliament's members are not particularly eager to get back to the polling booth and face new elections."

Voters, fed up with new and higher taxes, including a despised property tax revived by Monti, rejected his severe austerity policies.

The small centrist party created in time for the election by Monti, an economist and former European Union commissioner, will participate in the coalition, although Monti won't be in the Cabinet, which is heavy on two novelties ? a large presence of female ministers and Italy's first black minister.

A native of Congo, Cecile Kyenge is a doctor who will serve as minister of integration. Proposals to make it easier for Italy' growing immigrant population to become citizens have gone nowhere in Parliament amid fierce opposition from the anti-immigrant Northern League party. The party, a Berlusconi ally, isn't in the new government.

Prominent among the women in the Cabinet is Emma Bonino, a former EU commissioner and Radical Party leader who will serve as foreign minister. Olympic gold medal kayaker Josefa Idem was tapped as minister of equal opportunity and sports.

Letta comes from a moderate wing of the left-rooted Democratic Party that is close to the Vatican. Since Parliament always includes an array of lawmakers enjoying good ties to the politically influential Catholic church in Italy, this was one more qualification on Letta's bridge-building resume.

The father of three sons, he lives in Rome's working-class Testaccio neighborhood. When he was tapped by Napolitano on Wednesday, he drove his own car to the Quirinal Palace, in what was seen as a photo opportunity gesture to Italian taxpayers who widely despise the huge fleet of luxury cars that shuttles around ministers and lawmakers.

In 1998, when he was 32, Letta became the youngest minister in Italy's history when he served as minister for European policy for then-Premier Massimo D'Alema, an ex-Communist leader. Letta seemed a natural for that post. He spent his childhood in Strasbourg, home to the European Parliament, and studied international law before jumping into politics.

Source: http://news.yahoo.com/italy-forms-government-2-month-stalemate-153710380.html

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Saturday, April 27, 2013

UFC 159 picks from Kevin Iole, Maggie Hendricks and Cagereaders like you

The UFC 159 picks are in. Check out how Kevin Iole and I picked the fights, and who Cagereaders said will win. Thanks to everyone who weighed in on Cagewriter's Facebook page. Want to join in on the fun? Like Cagewriter on Facebook.

Kevin Iole -- Jon Jones TKO2 Chael Sonnen: I've been on a terrible run with my picks in 2013, so my choice might be the thing that helps produce one of the UFC's greatest upsets. But looking closely at the bout, I see no way Sonnen can win it. I expect Jones to get a takedown at some point, cut Sonnen open with an elbow and finish it that way.

Maggie Hendricks -- Jon Jones TKO3 Chael Sonnen: When you cut through the smack talk and look at their actual skills in the cage, Sonnen is moving up in weight to meet a fighter who is younger, faster and more skilled.

Cagereaders -- 68 percent of Cagereaders said Jones would win:
I believe that Jones has more of an arsenal and can keep sonnen guessing as to what is coming next. - Fred Mull
Sonnen never deserves this title shot. Jones by KO in 2nd by GNP elbows, or Sonnen simply quits before getting knocked out when he realizes he has no business in the octagon with Jones. - Chris Dryden

***

Kevin Iole -- Michael Bisping TKO3 Alan Belcher: Both men are inconsistent and both badly need a solid win. I think Bisping gets it by staying on his feet and going back to his kick boxing background.

Maggie Hendricks -- Alan Belcher W3 Michael Bisping: This is a tight fight, but Belcher will take it by bringing the fight to the ground.

Cagereaders -- 50.8 percent of Cagereaders said Bisping will take this bout:
Belcher is more well rounded than Bisping -- Trampas Lee Fleming

***

Kevin Iole -- Roy Nelson SUB2 Cheick Kongo: Roy has the power to knock Cheick out. I think he'll hurt him with one of those big windmill right hands he fires and then finish him with a choke.

Maggie Hendricks -- Roy Nelson W3 Cheick Kongo: Nelson has an iron chin, and will be able to withstand Kongo's power.

Cagereaders -- 81 percent of Cagereaders say Nelson will take this fight:
Nelson has a heavy hand and stronger chin than Kongo. -- Pinkie Aman Suarez

***

Kevin Iole -- Phil Davis W3 Vinny Maghalaes: Davis will have to be careful on the ground with Maghalaes, but I believe he's the better overall fighter and that he'll score a convincing decision victory.

Maggie Hendricks -- Phil Davis W3 Vinny Magalhaes: It may not be thrilling, but it will be a wrestling-filled win for Mr. Wonderful.

Cagereaders -- 84 percent of Cagereaders said Davis will take this bout:
Potential submission of the night. Phil is too quick and talented, will submit the submission expert -- Marvin Ishmael

***

Kevin Iole -- Jim Miller W3 Pat Healy: This has the potential to steal the show. It's an excellent bout and I see Miller with a very slight edge.

Maggie Hendricks -- Jim Miller SUB2 Pat Healy: It's been three years since Healy was submitted, but Miller has the skill to do it.

Cagereaders -- 92 percent of you said Miller will win:
Miller had a war against Joe last time out and will come out strong as usual -- Mike Terry

Source: http://sports.yahoo.com/blogs/mma-cagewriter/ufc-159-picks-kevin-iole-maggie-hendricks-cagereaders-144117921.html

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