Morning Edition Does PR Piece for the Coal Industry - Business ...

The coal industry has spent tens of millions of dollars trying to convince people that the country should not take measures to stop global warming. NPR contributed to this campaign by running a piece on the politics of Ohio in the election which implied that coal was central to the state's economy or at least to the are around Akron.

According to the Bureau of Labor Statistics (BLS), Ohio has approximately 12,000 employed in mining and logging. Presumably the vast majority of these workers are employed in coal mining. If we assume that all of them are employed in mining then this would be a bit more than 0.2 percent of its 5.2 million workers.

Turning to the Akron area, BLS doesn't break out mining and logging separately, but tells us that around 12,000 workers are employed in construction, mining, and logging. If we assume that construction accounts for 3 percent of total employment (roughly the national average), this would leave a bit less than 3,000 workers employed in mining, around 1 percent of its total employment of 320,000.?

While the coal industry may want us to believe that the region's economy depends on a sector that accounts for less? than 1 percent of total employment, that is not a plausible story. NPR should not have uncritically presented the industry's claims about its importance to the region's economy.?

Read more posts on CEPR ?

Source: http://www.businessinsider.com/morning-edition-does-pr-piece-for-the-coal-industry-2012-9

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Marine Industries Association of South Florida Makes a Splash at ...

Posted on September 27, 2012 By Mark Young

Fort Lauderdale, FL ?- The Marine Industries Association of South Florida successfully played host September 17th, to 26 industry notables representing 12 industry associations interested in promoting professionalism within the yachting industry.

The invite only luncheon, held at the prestigious Monaco Yacht Club, included international associations and dignitaries that have a vested interest in improving the economic opportunities of the global yachting market. An industry wide code of ethics, equitable value proposition, and enhanced product merchandising were all discussed in a vibrant exchange with an international perspective.

MIASF Executive Director, Carlos Vidueira, expressed his thoughts on the assembly, ?It was inspiring to sit and discuss such a rapidly evolving topic with such an esteemed international group of industry professionals and the associations that they represent. Through this type of international cooperation, I am convinced that our industry will overcome its challenges, adapt to a modern mindset and ultimately meet the needs of the yachting market.?

Based upon the success of this luncheon, The Marine Industries Association of South Florida will be hosting a follow up meeting in conjunction with the International Superyacht Society and the United States Superyacht Association on Saturday, October 27th of this year, at their own Fort Lauderdale International Boat Show.

The MIASF is a not-for-profit trade organization created in 1962 to promote and protect the sound growth of the marine industry in South Florida for the benefit and education of its members, the community and the environment. The MIASF is the owner of the world?s largest boat show, The Fort Lauderdale International boat Show, founded in 1960.

For more information on the Marine Industries Association of South Florida or the Monaco event mentioned, please contact the MIASF office at 954.524.2733

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Source: PRWeb

Source: http://browardnetonline.com/2012/09/marine-industries-association-of-south-florida-makes-a-splash-at-monaco-yacht-show/

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Farm law to expire but many programs funded through March

CHICAGO (Reuters) - Expiration of U.S. farm law on October 1, shutting off dairy supports and putting 2013 crop subsidies in limbo, will cause pain for some farmers and frustration for many but programs like food stamps and crop insurance will roll on, analysts said.

Government funding is assured through March 2013 for many programs based on a July deal to extend budget authority reached by feuding Republicans and Democrats ahead of the November elections.

Analysts said that the expiration will not affect food stamps and nutrition programs -- about 75 percent of the USDA budget -- and crop insurance, the biggest "safety net" tapped by farmers in this drought year.

But dairy farmers will be hit financially.

"Immediate impact will be felt by dairy farmers because the supplemental payment many of them have been receiving, the Milk Income Loss Contract Program, expires on September 30," said John Blanchfield, senior vice president for agricultural and rural banking at the American Bankers Association.

"Since milk check payments run 30 days behind the delivery of milk, dairy farmers will notice the suspension of these payments with the November milk checks," he said.

Dairy farmers and livestock producers have been hit hardest this year by drought. Crop losses have been covered to a great extent by insurance, supported by USDA programs. But soaring feed prices have squeezed livestock producers, prompting herd liquidations and financial failures.

"Congress has to got to do something in November," said Jackie Klippenstein, vice president of industry and legislative affairs for Dairy Farmers of America. "The farm bill provided a measure of hope. The fact that Congress went home without addressing it has really deflated a lot of folks out there who are struggling."

"There's been so much equity lost," said Ray Souza, a California dairy farmer. "Many dairy farmers have had to borrow against their equity to stay afloat."

After the November 6 election, Congress will return to work on the farm bill. The House of Representatives was splintered over how deeply to cut food stamps and farm programs. The Senate passed its version in June but both chambers must reach agreement before it can become law.

"The best angle I've heard is that if Obama wins, a farm bill completed during the lame duck is more likely; if Romney wins, they'll extend and save changes for 2013," Gary Blumenthal, head of Washington-based agricultural consultancy World Perspectives, told the Reuters Global Ag Forum this week.

For crop farmers and their bankers, the main question has been about decisions to plant fall-seeded crops like winter wheat and purchases of fertilizer or other crop inputs.

"Right now the main issue is the uncertainty," said Dale Moore, public policy deputy with the American Farm Bureau Federation. "The biggest thing by not knowing what the new farm program is when they are sitting down with their bankers to get their credit while planning for next year -- they don't know what they are going to be dealing with."

Chris Hausman, a corn/soy farmer near Champaign, Illinois, said: "Without having a Farm Bill in place it leaves that uncertainty, especially when it comes to crop insurance."

LAME DUCK AND BEYOND?

Analysts said they expect a deal on farm legislation before January 1.

"If Congress does nothing, we go back to this permanent law, called the 1949 Act. I think most in DC believe that won't happen," said Klippenstein. "That takes us to a time in policy that no longer exists in real life and doesn't have programs or policies that reflect modern agriculture."

Analysts said reversion to the 1949 law would bring back old concepts of "price parity" from the last century that would sharply hike support prices and restrict planting and marketing.

To avoid those headaches, many politicians and farmers believe the lame-duck Congress will either pass the stalled 2012 Farm Bill or extend the 2008 law before year-end.

"One or the other, I think you'll get," Iowa Senator Chuck Grassley, a Senate Agriculture Committee member, told reporters. "I think it will be handled in the lame duck."

Farmers like Hausman were hopeful but by nature skeptical.

"It could happen but I'm not going to hold my breath," said Hausman of prospects for a new farm bill by Christmas.

(Additional reporting by Chuck Abbott. Editing by Peter Bohan and David Gregorio)

Source: http://news.yahoo.com/farm-law-expire-many-programs-funded-march-200604485.html

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Pre-caffeine tech: Underwater Google, Apple picking!?

2 hrs.

Helen A.S. Popkin

Our?pre-caffeine roundup is a collection of the hottest, strangest, and most amusing stories of the morning.

Thousands of images from Australia's Great Barrier Reef and other coral locales are being stitched together into an eye-popping array of 360-degree panoramas for Google Maps' Street View feature?? but this million-dollar-plus project isn't just about pretty pictures. It's about sharing the wonders and the woes of the world's coral reefs with people around the globe. Pretty!

Speaking of Google, the?search giant will release Google Maps app for iOS later this year... in case you can't bear Apple's Maps.

Meanwhile,?Apple tells us that the iPhone 5 offers "even longer battery life" than any of its predecessors, but can the new smartphone keep up ?with ?? or beat ? the competition??Let's find out!

In other iPhone 5 news,?complaints about the propensity of the?device's paint?job to scratch and chip are flooding in ... Apple says such cosmetic issues are "normal."

Oh, and?Apple's?iPhones and other products are so popular in New York City they're flying off shelves ? and into the hands of thieves.

Twitter is most active in China ... a country where it's banned.?

Driverless cars just got the green light in California.

Here's a startup that lets you text people blocking your driveway.?

In other inevitable robot overlord news, Japan just made one that can take exams.?

In closing,? Austrian artist has coerced some hermit crabs into adopting shells created by a 3-D printer ? shells in the shape of the Guggenheim Museum in New York. Check it out!

Compiled?by?Helen A.S. Popkin,?who invites you to?join her on?Twitter?and/or?Facebook. Also,?Google+. ?

Source: http://www.nbcnews.com/technology/technolog/pre-caffeine-tech-underwater-google-apple-picking-1B6102052

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? Dump Those Diet Plans That Don't Operate! Attempt These Tried ...

There may be a great deal information to burrow by means of when you are trying to find a weight loss plan that may effortlessly fit into your lifestyle. It could be daunting in order to make a decision, out of all the available resources, which meets your needs. We located the best kinds, and here they may be.

Swap your everyday soft drink ingestion using a absolutely nothing or lower-calories beverage or even much better, normal water. Soft drinks contains a lot more calorie consumption than any beverage, so any substitute can be a noticeable difference. In the event you consume a lot of soda each day, you will notice the lbs melt off after removing that you vice.

Try eating five to six daily meals rather than eating 3 traditional food. Typically meal is definitely the most awful, because people tend to take in about three-training course meals that their system cannot breakdown before heading to sleep. When you go to your bed a couple of hours after supper, your body doesn?t have the energy to beak lower hcg diet drops meals as quickly which results in less burned body fat. Eat small quantities of food during the day similar to 5 or half a dozen modest meals or snack foods.

While you are trying to lose weight, take a look on your eating routine by maintaining a food items diary for any full week before starting your new diet plan. This will reveal in which your problem places lie. For instance, are you currently vulnerable to eating too much while at your workplace, inside the evenings, or at friend?s houses?

Don?t fall for what are known as, ?far healthier food products?. These manufactured food boast of being things such as ?reduced in fat? or ?excess fat free of charge? or ?low calorie,? while in truth lots of people are just as poor as junk food. While they can be reduced in an area, they can be increased in other dangerous places such as sugars, calories, fats, and so on.

Use smaller dishes to provide dishes to assist you consume less. Try using a salad dish to serve principal food rather than big dinner plate. This is a terrific way to handle serving sizes and stop eating too much, so that you will shed weight more rapidly. Some research has shown that people really feel much more happy after they take in the same amount of meals offered on a modest platter instead of a large dish.

It may be tough to believe that how simple it is to find on your own right into a healthy program. It can appear to be hard, but making use of the recommendations we presented you, together with other sensible tips, you may be a far healthier, more compact, and more joyful you. Maintain these ideas at heart, and accomplishment will likely be easy.

Source: http://www.gossipgays.com/?p=442

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Cities where home prices not rebounding

Kevork Djansezian / Getty Images file

Home prices have been slow to rebound in many recession-battered U.S. cities.

By Michael B. Sauter and Alexander E. M. Hess, 24/7 Wall St.

?Since home prices peaked in the beginning of 2006, the U.S. median home price is down by a third. And though the market has begun to show signs of bottoming out, prices are still down nationally by 1.9 percent from last year and are expected to fall an additional 1 percent from the beginning of this year through 2013.

24/7 Wall St.: The 10 states with the strongest housing markets

Of the 384 largest housing markets measured by real estate data company?Fiserv, 69 have seen home prices fall more than the national average. 24/7 Wall St. reviewed the markets with the worst home price declines from their pre-recession?peak. Of those metro areas, we identified the markets where the median?price did not improve in any of the periods measured by Fiserv as of the first quarter of 2012. The?10 worst are housing markets that have fallen at least 55 percent and have yet to recover.

While the drop in home prices in these markets has slowed, the local economies have been devastated. July unemployment rates in the worst housing markets were all above the national rate of 8.1 percent. Eight of the 10 have rates of at least 10 percent, and five are above 12 percent. Merced, Calif., one of the?10 worst-off cities, had an unemployment rate of 17.8 percent in July, the fourth-highest in the country.

According Fiserv chief economist David Stiff, the unemployment rates and languishing home prices in these markets are indicative of the underlying problems in these states as a whole. ?The reason the job markets are so weak in these metro areas is that during the boom more than half of the growth was generated either directly or indirectly by residential real estate, and so now the reverse has happened,? Stiff explained.?

Further evidence of the economic troubles heaped on these cities, three of the housing markets ? San Bernardino, Vallejo and Stockton ? have filed for bankruptcy since the recession began. Stockton?s Chapter 9 filing represents the largest such case in U.S. history.

Continually depressed home prices also have led to unusually high foreclosure rates in these markets. According to foreclosure data from RealtyTrac, a site that tracks housing data, these cities had among the worst foreclosure rates in the country as of the second quarter of 2012. Of the 10 cities, eight are among the 20 with the highest foreclosure rates out of the 212 metro regions with populations of 200,000 or more.

Of the cities with the worst home price declines, some have begun to recover. In the Detroit metro area, which did not make the list, the median home price has declined by 55.8 percent from the first quarter of 2006. However, between the first quarter of 2011 and the first quarter of 2012, the median price went up by 8.6 percent, one of the largest increases in the country.

Like Detroit, many of the the 10 worst-off markets appear to be about to recover because buyers see bargains. Home prices in seven of the 10 metro areas were lower than the national median of $159,000. Fiserv projects that of the 10 housing markets on our list, five will increase by more than the national rate of 5 percent between the first quarter of 2013 and the first quarter of 2014. This includes the Deltona-Daytona Beach-Ormond Beach region, which Fiserv projects will have more than 10 percent growth in median home value in that time. Stiff confirmed this: ?Investors, who were part of the problem back in the boom years, will be trying to jump into these markets at a low.?

24/7 Wall St.: Cities with the most homes in foreclosure

24/7 Wall St. reviewed data from Fiserv?to determine the 10 metropolitan areas that had no annual improvement in their housing markets from the first quarter of 2007, the first quarter of 2009 and the first quarter of 2011, all through the first quarter of 2012. We relied on RealtyTrac for data on foreclosure rates and foreclosure sales (both for second quarter of 2012). We also obtained seasonally adjusted unemployment rates for July from the Bureau of Labor Statistics

These are the?10 towns that cannot turn around.

1. Merced,?Calif.

• ?Decline in home prices (peak to Q1, 2012):?-69.7 percent
• ?Unemployment rate:?17.8 percent (fourth highest)
• ?Median home price:?$110,000 (32nd lowest)
• ?Foreclosure rate:?One in 90.3 housing units (eighth highest)

Nowhere in the U.S. have home prices taken the beating they have in Merced where the median price of a home has fallen at an annualized rate of 19.2 percent in the past five years. That's?the highest rate in the country. Sadly, prices are not expected to begin to rise in 2012, as Fiserv predicts home prices will fall another 4.4 percent between the first quarter of 2012 and the first quarter of?2013. Though home prices were possibly overvalued at their peak, when the median mortgage payment cost 51 percent of monthly income, they would appear to be undervalued now; the median mortgage payment costs just 10 percent of monthly income. The decline in home value has been especially costly for some homeowners, as one in every 90.3 homes was in foreclosure, and 55 percent of all home sales were foreclosure sales. The massive decline in home prices has also caused significant damage to the local economy ? the unemployment rate in Merced was 17.8 percent, higher than almost all other metropolitan areas.

2. Modesto, Calif.

• ?Decline in home prices (peak to Q1, 2012):?-64 percent
• ?Unemployment rate:?15.7 percent (ninth highest)
• ?Median home price:?$139,000 (83rd lowest)
• ?Foreclosure rate:?One in 68.7 housing units (third highest)

Over the past five years Modesto?s median home price has fallen from 7.5 times median family income to just 2.5 times median family income. Though homes in the area have become more affordable, such price declines have devastated present and current homeowners. The area had the third-highest foreclosure rate in the nation at slightly higher than one in every 69 homes, and 57 percent of all homes sold were foreclosed properties. In few places has the economy been weakened by a housing collapse more than in Modesto, where the unemployment rate stood at 15.7 percent, the ninth highest rate nationwide.

24/7 Wall St.: States Losing the Most Jobs to China

3. Stockton,?Calif.

• ?Decline in home prices (peak to Q1, 2012):?-62.8 percent
• ?Unemployment rate:?15.0 percent (12th highest)
• ?Median home price:?$170,000 (76th highest)
• ?Foreclosure rate:?1 in 66.2 housing units (the highest)

When Stockton filed for bankruptcy in June, it became the largest-ever U.S. city to do so, according to The Wall Street Journal. The city?s economy has been plagued for years by constantly falling?home prices, which declined at an annualized rate of 16.6 percent between the first quarter of 2007 and the first quarter of 2012. Stockton also has one of the nation?s highest unemployment rates of 15 percent and a foreclosure rate that leads the nation with one in every 66.2 homes in foreclosure. Though Fiserv projects home prices will rise at an annualized rate of nearly 6 percent between the first quarter of 2012 and the first quarter of 2017, the housing market remains weak.?Fifty-four percent of all second-quarter home sales were foreclosure sales, and the number of property listings in July was down more than 40 percent year-over-year.

4. Las Vegas-Paradise,?Nev.

• ?Decline in home prices (peak to Q1, 2012):?-61.6 percent
• ?Unemployment rate:?11.7 percent (32nd highest)
• ?Median home price:?$137,000 (79th lowest)
• ?Foreclosure rate:?One in 95.9 housing units (11th highest)

No metropolitan area outside California has seen as large and unabated decline in home prices as Las Vegas. While home prices in other metro areas on this list are expected to improve in the near future, home prices in Las Vegas are projected by Fiserv to decline through at least the first quarter of 2014. Home prices in the area are already low enough that the average discount for purchasing a foreclosed home was just 15.2 percent, less than half the 31.7 percent average discount nationwide.

5. Vallejo-Fairfield,?Calif.

• ?Decline in home prices (peak to Q1, 2012):?-60.1 percent
• ?Unemployment rate:?10.2 percent (56th highest)
• ?Median home price:?$200,000 (47th highest)
• ?Foreclosure rate:?One in 71.4 housing units (fourth highest)

The Vallejo-Fairfield, Calif., metro area home price drop of more than 60 percent since the first quarter of 2006 was the sixth-worst decline during the housing market collapse of the 384 regions measured by Fiserv. Despite the decline, the area?s median home price was still in the top 15 percent, largely because the area contains California?s famous wine region, the Napa Valley. Median family income was among the top 40 in the country at $76,100. Despite this, one in every 71.4 homes was in foreclosure as of the second quarter of this year, the fourth-highest rate in the country.

Click here to read the rest of 24/7 Wall St.'s Towns that cannot turn around

Cities such as New York and San Francisco are developing living spaces that are 200 to 300 square feet for residents willing to pare down to the bare essentials. NBC's Kristen Dahlgren reports.

?

Source: http://bottomline.nbcnews.com/_news/2012/09/26/13831186-recession-battered-cities-where-home-prices-not-rebounding?lite

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