plus 4, New Text Offers Detailed and Practical Instruction on Crime Scene ... - YAHOO! |
- New Text Offers Detailed and Practical Instruction on Crime Scene ... - YAHOO!
- Chairman Of Sparrow Growth Fund Views Petrobras And BHP Billiton As ... - Yahoo Finance
- Too much flu vaccine available? - Dubuque Telegraph Herald
- Obama Plans to Raise $120 Billion From Banking Fees - YAHOO!
- Obama May Tax Banks to Cut Deficit - ABC News
| New Text Offers Detailed and Practical Instruction on Crime Scene ... - YAHOO! Posted: 12 Jan 2010 08:05 AM PST Jones and Bartlett Publishers (J&B) today announced the release of a brand new text titled, An Introduction to Crime Scene Investigation, by Aric W. Dutelle. Written to be a single-source reference for the investigative process as it relates to crime scene processing methods and procedures, this introductory text takes readers through the day-to-day aspects of crime scene processing, and describes in detail the crime scene investigator responsibilities. Sudbury, MA (Vocus) January 12, 2010 -- Jones and Bartlett Publishers (J&B) today announced the release of a brand new text titled, An Introduction to Crime Scene Investigation, by Aric W. Dutelle. Written to be a single-source reference for the investigative process as it relates to crime scene processing methods and procedures, this introductory text takes readers through the day-to-day aspects of crime scene processing, and describes in detail the crime scene investigator responsibilities. "If one is to be educated on and understand what crime scene investigation is, it is necessary to cover more than simply the "how-to's" relating to such matters," says author Aric W. Dutelle. "Therefore, in addition to the methods, motives, and motions needed to secure the crime scene, the text will also cover an overview of the investigative process, as well as the ethical considerations applying to such matters." A variety of investigations such as burglary, homicide, sex crimes, drug cases, underwater crime scenes, hazardous materials situations, and arson are covered throughout the text. This authoritative and scientifically supported resource will provide those in training and those attending community colleges, universities, and police academies with a true introductory text which is written for those with no assumed knowledge in the area and for those either not in or new to the field. An Introduction to Crime Scene Investigation is available $83.95 (suggested U.S. list price) through the J&B website at www.jbpub.com or by calling 800-832-0034. Those who wish to consider the text for course adoption are invited to request a complimentary review. Accompanying online instructor resources are also available and include a Test Bank and PowerPoint slides. About Jones & Bartlett Publishers (www.jbpub.com) Contact: ### Jones & Bartlett Publishers Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Chairman Of Sparrow Growth Fund Views Petrobras And BHP Billiton As ... - Yahoo Finance Posted: 12 Jan 2010 08:05 AM PST 67 WALL STREET, New York - January 12, 2010 - The Wall Street Transcript has just published its Large-Cap Growth and Other Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This 53 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Consistent Earnings Power; Accelerated Earnings Power; Dividend Consistency And Balance Sheet Strength; Fundamental Analysis With Quantitative Disciplines; Low-debt Companies; Growth Component; Listed Private Equity; Alternate Investments And Tactical Strategies; Thinking And Acting Differently From The Crowd Companies include: Altria Group (MO); Bank of America (BAC); Berkshire Hathaway (BRK.B); Edwards Lifesciences (EW); Electra Private Equity (ELTA); Ethan Allen (ETH); 3i Group (III); 3i Infrastructure Fund (3IN); AB (INVEB); ARM Holdings (ARMH); Abbott Labs (ABT); Adobe (ADBE); Agrium (AGU); Akamai (AKAM); Allied Capital (ALD); Alnylam Pharmaceuticals (ALNY); American Capital Ltd. (ACAS); American Express (AXP); Apache (APA); Apollo Investment Corp. (AINV); Apple (AAPL); AstraZeneca (AZN); Automatic Data Processing (ADP); BHP Billiton (BHP); Blackstone Group (BX); Cabela's (CAB); CarMax (KMX); Central European Distributors (CEDC); Cerner (CERN); Cheesecake Factory (CAKE); Cisco Systems (CSCO); Citigroup ©; Clorox (CLX); Dell Computer (DELL); Devon Energy (DVN); Eli Lilly (LLY); Eurazeo (RF); ExxonMobil (XOM); FactSet Research (FDS); Fortress Investment Group (FIG); Freeport McMoran (FCX); Fresenius Medical Care (FMS); Garmin (GRMN); General Dynamics (GD); General Electric (GE); Genzyme (GENZ); Google (GOOG); Hewlett Packard (HPQ); Ingersoll Rand (IR); Intel, (INTC); Intermediate Capital Group (ICP); International Business Machines (IBM); Intuit (INTU); Israel Corp. (ILCO); Johnson & Johnson (JNJ); KKR Group (KKR); Lazard Ltd. (LAZ); MDC Holdings (MDC); Marvell Technology (MRVL); Masco (MAS); McDonald's (MCD); McKesson (MCK); MetLife (MET); Microsoft (MSFT); Monsanto (MON); Mosaic (MOS); NY Community Bancorp (NYB); Newmont Mining (NEM); Novartis (NVS); Novo Nordisk (NVO); Occidental Petroleum (OXY); OpenText (OTEX); Paychex (PAYX); Pepsi (PEP); Petrobras (PBR); Plexus (PLX); Polaris Industries (PII); Procter & Gamble (PG); Quest Diagnostics (DGX); Ralph Lauren (RL); Suncor (SU); Surgical (ISRG); Sybase (SY); TJX Companies (TJX); TOTAL (TOT); Transocean (RIG); Trimble (TRMB); Varian Medical Systems (VAR); Visa (V); Wal-Mart (WMT); Wells Fargo (WFC); Wendel Investment (MF); Williams Company (WMB); YUM Bransd (YUM); eva Pharmaceuticals (TEVA); exas Instruments (TXN). In the following brief excerpt from the 53 page report, Gerald R. Sparrow discusses the outlook for the investment sector and for investors. Gerald R. Sparrow is the Chief Investment Officer at Sparrow Capital Management, Inc., a registered investment advisory in St. Louis, Missouri, since 1988. He is the Chairman and President of Sparrow Growth Fund, a SEC registered investment company, since 1998. In the past he was the Chief Investment Officer and Director of Buford, Dickson, Harper, and Sparrow, Inc., a minority registered investment advisory from1995 to 2005. He was also the Institutional Sales Representative for Strong/Corneliuson Capital Management, Inc., in Milwaukee, Wisconsin from 1987 to 1988. Mr. Sparrow is a frequent commentator and publicized on Money Talk on Radio WRTH, Money Show on KMOX Radio, St. Louis Business Journal, St. Louis Post-Dispatch, and the St. Louis Medical Journal. Heard on Channel 4 in St. Louis, Forbes.com in NY, quoted Wall Street, Dow Jones, CNN Money, Bloomberg. He received his Bachelor of Science degree in Business, Summa Cum Laude from the University of Missouri in 1985. He received his Master of Business Administration degree from Washington University in 1987. TWST: How long do you usually hold a stock? Are you a long-term investor? Mr. Sparrow: I think that the dream stock is one where you buy, you never have to sell because it makes you very wealthy because it's a dream company. And those types of companies don't come around too often, but I have found a few of those in my career. One of those has been Philip Morris or Altria Group (MO), the cigarette companies. They've consistently raised dividends, raised their stock prices, raised their earnings. There are a few of those in the marketplace, and I think Philip Morris, Altria Group and even ExxonMobil (XOM) would fall under that category. TWST: What are some of the companies you have found of interest and bought over the last 12 months? Mr. Sparrow: Some of the smaller names, like Polaris Industries (PII). Polaris Industries is a $1.4 billion market cap. They make recreational vehicles. They are mainly for hardy farmers and ranchers, and off-road driving, but they recently started getting contracts from the Army and the military application of these small all-terrain vehicles. We stood up and took notice of those extra unit volumes and extra sales they are getting from alternate distribution channels. That's how Polaris Industries is stocked. One stock that we've stuck with that has been a disappointment on the flip side is MDC Holdings (MDC), which is a homebuilder. We expected by this time that the housing market would have turned around and home prices have started to go up, but these stocks have not started to react. It's at a similar market cap, $1.3 billion. We've held it for a number of years, and we expect the housing market to turnaround soon. TWST: You mentioned that you've been increasing your exposure in technology and consumer discretionary. What have you been finding in those areas? Mr. Sparrow: We bought some of the accounts. We bought Texas Instruments (TXN), and a lot of their revenues are linked to consumer spending, such as cell phones, different devices like that. As long as we get an uptick in consumer spending and consumer confidence, then that trails through. And Texas Instruments has been a beneficiary of these new devices that are coming out, the smartphones, things like that. That's one stock that we've put in our portfolios on the technology side. Then also on the financial services side, we bought MetLife (MET). We think that once consumers go back to work, they will be saving more and investing even more than they did before because they are behind on their savings goal. So MetLife would be a beneficiary there; it's a large-cap stock. TWST: You mentioned Petrobras and BHP. Are those some of your ADRs? What you are trying to do to those two stocks? Mr. Sparrow: Petrobras (PBR), we are attracted to that because of all of their findings offshore in Brazil. They are uncovering some of the largest reserves in the world for petroleum. And even though they have to go a little bit further out to find them in deep water, they had the technology to get down there and get that oil out. Plus it's state sponsored. They have helped that business along with the Brazilian government, which is positive for shareholders. I would say, number one is the prospect of higher energy prices and number two, the availability of energy for that particular company. The attraction to BHP Billiton (BHP) is mainly China, as China grows and the demand for iron ore, which is BHP's largest product, and prices go up, obviously BHP is a beneficiary. The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This 53 page special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online . The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For Information on subscribing to The Wall Street Transcript, please call 800/246-7673 Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Too much flu vaccine available? - Dubuque Telegraph Herald Posted: 12 Jan 2010 07:57 AM PST WASHINGTON -- First there was too little H1N1 vaccine. Now could there be way too much? This week will tell. Get ready for a huge flu-shot push as health officials try to rekindle interest in protection against this new influenza strain that, despite plummeting cases, still is threatening lives -- even as they reassess how much vaccine needs to be shipped. There's finally plenty of vaccine -- 136 million doses and counting -- against what scientists call the 2009 H1N1 flu strain. Flu-shot drives for all ages are scheduled around the country for what's officially dubbed National Influenza Vaccination Week -- in hopes of preventing a possible third wave of the epidemic later this winter. How much demand this week brings will put the U.S. at a critical juncture: When is it time to halt the bottling of vaccine, so that too many unused doses don't go to waste? Australia's CSL Ltd. revealed Monday that U.S. officials have cut by more than half the amount it was supposed to ship here, 14 million doses instead of 36 million. The nation's largest suppliers -- Sanofi-Pasteur, Novartis and MedImmune -- told The Associated Press that their orders were unchanged so far. But other countries already are looking to unload leftovers. U.S. officials say they're deliberately delaying that decision. "The danger is in turning off the spigot before we really know what the winter flu season looks like, what the demand is," Health and Human Services Secretary Kathleen Sebelius told the AP. "As long as there is demand, the good news is we will have a supply." More than 60 million people are thought to have been vaccinated so far, and the U.S. is flush enough that Sebelius said the long-promised donation of 25 million doses to developing countries is ready to ship. Flu vaccine is a balancing act. Every year the nation throws away millions of leftover shots. They actually last well beyond their June 30 expiration dates. But because each year's flu vaccine is a mix of three different strains, with at least one change to the recipe almost every year, leftovers are destroyed to avoid confusion. This year is different. The government ordered 250 million doses of H1N1 flu vaccine to be made in bulk, but just over half of it to be put into vials ready to go into people's arms or up their noses. That was a strategic move, because vaccine stored in bulk lasts far longer -- meaning leftover bulk antigen could be stored and used as an ingredient in next fall's flu vaccine if it looks like it will be needed again. In fact, nasal-spray vaccine maker MedImmune already has frozen bulk supplies in anticipation of doing just that. While U.S. cases have plummeted from a peak in October, one state -- Alabama -- is experiencing widespread infections and the Centers for Disease Control and Prevention says there's still more flu going around now than is usual for early January, all of it the new strain. Moreover, the World Health Organization says swine flu is widespread in much of the world, particularly Egypt and India. Because the virus hasn't mutated yet, specialists expect this H1N1 strain to be designated part of next fall's all-in-one vaccine when regulators meet in February to set the recipe. The bulk purchasing means "I don't see the U.S. wasting any vaccine here," said Dr. Michael Osterholm, a University of Minnesota expert on pandemic preparations. But, "we're far from done yet," adds Osterholm, who worries that people will put off getting a H1N1 flu vaccination unless cases start to rebound. "If we had to try to put through 20, 30 million people in a couple of weeks because suddenly the next wave takes off, it would still be a scramble." Indeed, in the flu pandemic of 1957, the government gave an all-clear after a fall wave of disease, only to see deaths increase again later in the winter. Still, demand is falling fast. Last week, New York's state health department had to send two trucks to pick up unused vaccine from counties with leftovers they couldn't store. And Sebelius got a mixed reaction when she kicked off vaccination week Sunday at a prominent Washington church that will hold its own inoculation clinic next weekend. "I'm a little leery," said Dellareesa M. Bank, of Silver Spring, Md., who said she's unlikely to be vaccinated at Nineteenth Street Baptist Church despite her pastor's pledge to be. But Karyn Sanders, of Upper Marlboro, Md., was persuaded. "It made me say, 'Oh, well, there's still a threat,'" said Sanders, who plans to bring her two children in for vaccination. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Obama Plans to Raise $120 Billion From Banking Fees - YAHOO! Posted: 12 Jan 2010 08:19 AM PST Jan. 12 (Bloomberg) -- President Barack Obama plans to raise as much as $120 billion through a fee on financial institutions to help recoup losses from the Troubled Asset Relief Program and reduce the deficit, according to an administration official. The White House hasn̢۪t settled on the final structure of the fee and how to target the big banks that have returned to profitability, said the official, who requested anonymity. The plan is to have revenue from the fee dedicated to deficit reduction and to cover the amount that the Treasury Department estimates it will lose from TARP, which is $120 billion. Details will be contained in the fiscal 2011 budget that Obama will submit to Congress next month, the official said. The government's $700 billion rescue plan contributed to a record $1.4 trillion deficit last year. Tax experts, who discussed the possibilities before the president's plan was disclosed, say all of the administration's structural options, which include an income surtax, an excise tax, or a fee pegged on the value of assets or some other measure, are likely to be so porous that financial institutions would be able to sidestep most of them. "Any new tax is always more complicated than the designers anticipated," said Ed Kleinbard, the former staff director of Congress' non-partisan Joint Committee on Taxation who is now a law professor at the University of Southern California. "When the numbers involved are this large, it's very difficult to design on the fly." 'Unintended Consequences' Kleinbard said the U.K. is already struggling to make its 50 percent tax on bank employee bonuses of more than 25,000 pounds ($40,400) stick. Some U.K. banks are moving to absorb the tax while London Mayor Boris Johnson frets that higher taxes may drive 9,000 bankers out of the country. "There's always a substantial risk of unintended consequences and the risk of simple ineffectiveness," Kleinbard said. The administration's proposal won't include a tax on Wall Street bonuses or financial-services transactions, Politico reported yesterday, citing unidentified officials. The proposed fee revenue is almost three times what analysts expect the 10 biggest U.S. banks earned in 2009. Those banks, led by Goldman Sachs Group Inc. and Wells Fargo & Co., have reported net income of $41.6 billion through the first nine months of the year. They will likely post combined net income of $3.84 billion in the fourth quarter, according to analysts' estimates. Several Options Profits at financial institutions, which begin reporting earnings later this week, have rebounded and may triple by 2011, according to analyst surveys compiled by Bloomberg News. Charlotte, North Carolina-based Bank of America Corp., the biggest U.S. lender, said last week it expects to pay record bonuses to some investment bankers. "Clearly this is designed as a political measure," said Roberton Williams, an economist for the Tax Policy Center, a Washington-based research group run jointly by the Urban Institute and the Brookings Institution. "How much you want to punish and how you go about it is so wide open." Tax Options Several options could be on the table. Piggybacking on the existing corporate income tax is one, Williams and Kleinbard said, although companies without net profits don't pay any income taxes. An excise tax would likely be paid regardless of whether an institution is profitable. Finding something to levy also is challenging, tax experts said. Options range from assets, to payroll size, to average wages paid to top executives. No matter what basis is chosen, Williams said, companies will try to reduce their use of that particular method. Wayne Abernathy, executive vice president of the American Bankers Association, said in a telephone interview that an industry-specific fee would create a "real fairness issue," forcing banks to pay for parts of the bailout that "didn't work." In addition, Abernathy said, banks are paying an "excellent" return to the Treasury. Banks repaid the U.S. $165 billion last year, letting the government recoup about two-thirds of its total investment in the banking system, according to a U.S. Treasury Department report released yesterday. TARP also collected $12.9 billion in fees, dividends and interest, the Treasury said. So far, the U.S. has made an 8 percent return on its bank investments, a Treasury official told reporters. Administration Pressure Representatives for Bank of America, San Francisco-based Wells Fargo, and New York-based Citigroup Inc. and JPMorgan Chase & Co. declined to comment. "While we have not seen any specific language from the administration, Congress will certainly examine any serious proposals to lower the deficit and recoup even more" of the TARP funds used in the bailout, said Nadeam Elshami, a spokesman for House Speaker Nancy Pelosi, a California Democrat. John Thain, the former chief executive officer of Merrill Lynch & Co., said in a Bloomberg Television interview yesterday that new taxes are "not necessarily the right way" to resolve the issue of banks becoming "too big to fail." The administration also is continuing to prod financial firms to tie bonuses to the long-term health of a company by giving the bulk of such compensation in stock as a way to limit risks, White House spokesman Robert Gibbs said. "There are folks that just continue not to get it" on Wall Street, Gibbs said. Firms that pay large bonuses to executives risk raising public anger, he said. Still, he said, "there's a limit to what the president can do" in limiting compensation at firms that aren't getting government assistance. To contact the reporters on this story: Hans Nichols in Washington at hnichols2@bloomberg.net ; Ryan J. Donmoyer in Washington at rdonmoyer@bloomberg.net . Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Obama May Tax Banks to Cut Deficit - ABC News Posted: 12 Jan 2010 07:29 AM PST
Targeting an industry whose political deafness has vexed his administration, President Barack Obama is weighing a levy aimed at recovering tax dollars from government-rescued financial institutions. The proposed levy could put Obama on the popular side of public opinion that is decidedly against Wall Street and angry over shortfalls in a $700 billion bank bailout fund. A senior administration official said Monday that Obama would seek modifications to the law that sent billions in bailout money in 2008 and 2009 to a flailing Wall Street that was approaching collapse. The government official spoke on the condition of anonymity to discuss the president's thinking. The idea received an early boost from Speaker Nancy Pelosi, the top Democrat in the House, where there have been calls for a hefty tax on bank bonuses. "While we have not seen any specific language from the administration, Congress will certainly examine any serious proposals to lower the deficit and recoup even more of the TARP funds for the taxpayers," said Nadeam Elshami, a spokesman for Pelosi, D-Calif. The 2008 law that created the Troubled Asset Relief Program requires the president to seek a way to recoup unrecovered TARP money from financial institutions, but five years after the law was enacted. It does not specify how the money should be recovered. An industry official said consideration of a levy now would be premature. "Current law doesn't trigger this tax proposal for another four years," said Scott Talbott, chief lobbyist for the Financial Services Roundtable, an industry group for some of the largest financial firms. "We look forward to seeing the details of the complexity of the formula, of who it's applied to and what the assessment is based on and when it is applied," he said. Government officials have conceded that they don't expect to recoup billions in TARP money used to rescue insurance conglomerate American International Group Inc. and the auto industry. Banks have been repaying their infusions, in part to get out from under compensation limits imposed on the bailout recipients. Banks have also paid dividends from the government help. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.  This posting includes an audio/video/photo media file: Download Now |
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