Under the Obama proposal, the budget for other DOE work related to nuclear nonproliferation would also be curtailed by about $277 million. continue to sustain the nation’s nuclear security,” he said, without delving into budgetary issues or specific programs.
The priority shift “is going to be a disaster,” said a Democratic congressional aide, who asked not to be identified because he was not authorized to speak on the budget before its official release. The study determined that the modernization program was underfunded, and steps have been taken to ensure adequate funding for essential modernization needs moving forward.”
Under the 2014 proposal, the Energy Department’s nuclear weapons activities funding — which includes modernization efforts for bomber-based and missile-based warheads – would be increased roughly 7 percent, or around $500 million, above the current level of $7.227 billion for these activities.
The Center for Public Integrity has previously reported administration officials had agreed that the number of nuclear warheads the U.S. It then asked the Pentagon to provide the additional $7 billion.
Joan Rohlfing, president of the Nuclear Threat Initiative, a nonprofit arms control group founded by Ted Turner and former Sen. These programs have experienced billions of dollars in cost overruns in recent years, forcing the administration to look elsewhere in the DOE budget to find the money it needs to keep them alive.
The Energy Department needs at least $3 billion to $5 billion more to upgrade the B61 nuclear bomb – meant for deployment aboard strategic and tactical aircraft – than it initially expected, and several billions of dollars more to cover cost overruns in construction of the uranium processing facility. But he said officials may have calculated that they cannot win congressional support for further cuts in nuclear arsenals with Russia without spending billions more to refurbish America’s remaining stockpile of nuclear weapons, under a bargain Obama struck during his first term.
As recently as December 3, President Obama described the government’s nuclear nonproliferation efforts – including some directed by the Defense Department – as “one of our most important national security programs.” Speaking at the National Defense University, Obama said the effort was “nowhere near done. A Pentagon spokeswoman, Jennifer D. “I will certainly look into this with high priority” if confirmed, he told Scott.
The department’s nonproliferation programs, aimed at diminishing the security threat posed by fissile materials in other countries that can be used for nuclear weapons, would be cut by roughly 20 percent, or $460 million, below the current level of $2.45 billion, the officials said.
But several officials and other sources familiar with the administration’s budget deliberations this year said the DOE nuclear weapons-related cost overruns and the new austerity climate gripping Washington – including the demand under so-called “sequestration” legislation for $54 billion in national security spending cuts each year until 2021 -had upended the administration’s plans to spend more on nonproliferation.
The plant is about 60 percent completed, but one senior administration official called it “managerially and programmatically, a nightmare,” with continuously rising costs.
Moniz, in his confirmation hearing, tread carefully around the topic of what the department should be spending on nonproliferation. At the end of it, a $250 million DOE “nuclear counterterrorism incident response” program previously considered a weapons activity was shifted to the nonproliferation budget account, a change that has the effect of making the bottom line for that account look better than it otherwise would have.
Asked for comment, NNSA spokesman Robert Middaugh said he could not respond until the budget has been formally released. Not by a long shot.” He also proudly said the government has been “increasing funding, and sustaining it … nuclear weapons arsenal into fuel for reactors that generate electricity, known as the Mixed-Oxide (MOX) fuel fabrication plant in Savannah River, S.C. Sam Nunn, said “the U.S. But that still left a $4 billion gap between DOE’s nuclear weapons-related promises to the military and its ability to complete that work, forcing a scramble during the department’s budget deliberations to cut from other programs, officials said.
Under the Obama administration’s proposal for fiscal year 2014, spending for the MOX plant would be around $330 million, or 47 percent of the budget it was supposed to get next year. Its construction would be greatly slowed, while the Defense Department and the Department of Energy’s National Nuclear Security Administration study alternative ways to safeguard tons of the excess plutonium.. But Democrats on Capitol Hill and independent arms control groups predicted the decision will provoke controversy and a substantial budget fight this year.
Only one category of Energy Department nonproliferation work would be increased – research and development, mostly to finance work on a new nuclear detonation sensor to be placed about Air Force satellites.
Secretary of Energy nominee Ernest Moniz, speaking at a Senate confirmation hearing Tuesday, ducked multiple questions from Sen. That would include a 16 percent cut in spending on efforts to halt the use of fissile material in civilian nuclear reactors and collect or secure weapons-usable fissile materials in other countries; an 8 percent cut in spending on policy to control the spread of nuclear weapons-related technologies; and a 36 percent cut in efforts to monitor potential illicit commerce in fissile materials.
The half-billion-dollar shift in spending priorities reflects an administration decision that nuclear explosives work the Energy Department performs for the military should be both accelerated and expanded. because our national security depends on it.”
In the end, the Pentagon was cajoled into contributing $3 billion more. programs for securing, reducing and eliminating weapons usable nuclear materials are a critical part of our strategy for combating nuclear terrorism and preventing the proliferation of these deadly dangerous materials…A decision to significantly cut these programs, including our near-term ability to dispose of excess plutonium, would be a setback to our ability to reach critical security goals.”
The department also needs more funds than anticipated for improvements to the W76 warhead, which is carried by Trident submarine-based missiles.
The new weapons-related spending would expand efforts to upgrade the W76, W88, W78, and B-61 warheads, and help fund construction of a new facility in Tennessee for processing uranium, a nuclear explosive used in these and other warheads. That plant was initially budgeted at $1.8 billion, but the pricetag has ballooned to at least $7.5 billion, provoking widespread criticism and allegations of mismanagement.
Specifically, officials said, the Energy Department determined in consultation with the Pentagon that it would likely need $10 billion in new funds to fulfill all of its promises to the military for the production of modernized warheads, over the next decade alone.
Tom Collina, research director for the Arms Control Association, a Washington-based nonprofit group, said “in a way,” it seems inconsistent for the administration to promote arms control while cutting the DOE’s nonproliferation budget. Elzea, declined to address the issue in detail but confirmed that “over the past year DOD and DOE carried out a joint study regarding DOD’s nuclear weapons requirements and funding options for those requirements. “These cuts are going to be huge,” and will be particularly problematic amid budget boosts for weapons programs that many lawmakers believe “have been mismanaged for the last five to six years.”
The Obama administration will propose a deep cut in funding for nuclear nonproliferation programs at the Energy Department largely so it can boost the department’s spending to modernize its stockpile of nuclear weapons, according to government officials familiar with the proposed 2014 federal budget to be unveiled Wednesday, April 10.
One, who asked not to be named, said the DOE shortfall had set off “months of wrangling” about the issue, not only within the department but at the highest levels of the administration. military deploys could be cut by at least a third, below a limit of 1550 established in a treaty with Russia in 2010. “If confirmed, I intend to make sure that [DOE laboratories and intelligence experts] … (Work on the facility and its equipment was well along when DOE abruptly realized it would not be large enough to accommodate needed machinery, forcing a costly redesign and lengthy delays.)
Much of the reduction in nonproliferation spending – around $183 million – would come from a controversial plant designed to transform excess plutonium from the U.S. The officials have also decided to discuss a potential agreement for such reductions with Russian president Vladimir Putin.
But then-Secretary of Defense Leon Panetta, after hearing from aides that these overruns were due in part to poor management and inaccurate cost accounting at DOE, initially said the department would not provide any new funds to DOE, on top of the $4.5 billion it previously promised to cover earlier overruns, according to two government officials privy to the deliberations.
To cover the $10 billion total cost overrun, the Energy Department and its National Nuclear Security Administration agreed to transfer roughly $3 billion into weapons work from management accounts and other internal savings. Tim Scott (R.-S.C.) about whether he supports completing the MOX plant
I haven’t been in Vegas since I was 13 years old; so most would say that I have never been there. It has, after all, come to a shock to me and to those people close enough to me to know that I, in all intents and purposes, really don’t like to travel beyond my 5 mile radius. My wife, an emphatic traveler herself, would gladly give up her existence as she knows it to have a chance at the job that Sandra Brown has. Traveling the world, staying at wonderful and exotic places and reporting it all back to the people on the other end of the television; people like me who think that it might be better to watch a show about traveling to these places, as it is to actually set foot in them.
My trip to Vegas is here. I’m not an adrenaline junkie nor am I that much of an adventurer; but I do enjoy telling stories. He was never really big on experimenting with different foods either.
I do enjoy gambling and the occasional show that my wife more then likely would drag me too, but really, other then that what is there to do in Vegas? I secretly thought that when they came up with the whole slogan; “what happens in Vegas, stays in Vegas” was meant, in some part to me. I think he felt more comfortable with his surroundings when he knew what channel ABC was on so that he wouldn’t miss his evening news. The Travel Channel, if memory serves me correctly, did a story on this hotel; but I’m not positive how I felt about it one way or another. Maybe this is what they mean about things happening in Vegas, a convenient little antidote that I will surely employ.. I blame this on my parents; my father specifically, although my mother should carry some of the guilt.
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Might kind as quite a surprise to learn that I have became a travel writer for a travel newsletter.
I am, without question, one of the biggest home bodies that I have ever met. To this day he will not eat any type of fish unless my mother prepares for him…same way every time.
Yes, I am the product of my parents; and I’m damn proud of it. Growing up, they would take my sister and I on vacations, but it seemed to me that my father was always more excited about coming back home then us kids were of going. I feel, that for the first time in a great while, I will find it more enjoyable to go on my vacation, then I will be of going home. My laptop is as important to me as bug spray on my trip, because no matter where I go, the one thing that needs to be done is to record it all. Will the lights welcome me in? Will the room be as comfortable as it sounded when the travel agent described it to me? Will I think of the movie ‘Casino’ as I sit in wait in great haste for my room service meal?
I was looking for some travel ideas when I came across a deal going to Las Vegas from Miami and staying at the Stratosphere Hotel. Don’t know much about this hotel, other then what is written in the caption. Sometimes that feeling of comfort overshadows the pure excitement that I had counting down the minutes before my vacation; but I put on a brave face and I trek on.
So here I sit in this crowded airport waiting for my seat to be called to board this Boeing airliner that is to serve as my chariot for this journey. Not having seen the bright lights of Vegas, I have pre-determined notions of what to expect. I’m so boring that upon my arrival I would have to use that discrete slogan rather then tell them that I simply hung out in my hotel room watching television.
So, after coming to grips that no matter how much I would like to convince myself; and others that only have a passing idea of the real me, there is no way that I will be that renowned traveler. I enjoy taking trips, but much like my father, I find comfort in coming back home
C?m ??u t? ch?c ???ng dây ?ánh b?c tr?c tuy?n là Ph?m Huy Toàn (SN 1977, ng? qu?n Bình Th?nh, TPHCM, có 1 ti?n án t?i “l?a ??o chi?m ?o?t tài s?n”) b? ?? ngh? truy t? v? t?i “t? ch?c ?ánh b?c”. Toàn ???c xác ??nh là giám ??c công ty CP truy?n thông FAM (tr? s? ? m?t tòa nhà trên ???ng ?inh Tiên Hoàng, ph??ng ?a Kao, qu?n 1, TPHCM).
27 ng??i có liên quan ??n ???ng dây ?ánh b?c này b? ?? ngh? truy t? v? t?i “?ánh b?c”, trong ?ó không ít b? can là gi?i trí th?c, công ch?c Nhà n??c…
???c bi?t giao di?n trang Fun88 có nhi?u ngôn ng? khác nhau, ng??i ch?i có th? ??t c??c ? t?t c? các môn c? b?c và có th? ?ánh b?c tr?c ti?p v?i nhau. ?? núp bóng tinh vi ho?t ??ng, Toàn thành l?p công ty CP truy?n thông FAM, v?i gi?y phép ???c c?p là qu?ng cáo, marketing qua m?ng Internet.
Toàn s? d?ng các tài kho?n ?? chuy?n ti?n cho nhà cái ? n??c ngoài; ??ng th?i thanh toán ti?n c? b?c cho các con b?c trong n??c. Có 59 tài kho?n ngân hàng c?a nhân viên công ty CP truy?n thông FAM ???c Toàn s? d?ng vào m?c ?ích c? b?c. Gi?a n?m 2012, Toàn chuy?n giao quy?n ?i?u hành công ty cho ng??i em h? là V? Vi?t H?i (SN 1985, ng? qu?n Bình Th?nh) nh?ng th?c ch?t v?n ?i?u hành t?t c? m?i ho?t ??ng.
Theo k?t lu?n ?i?u tra, Toàn tr??c ?ây là thành viên tích c?c c?a trang m?ng c? b?c M88, ?ã b? B? Công an ?ánh s?p. Trong th?i gian là chân r?t c? b? c?a M88, Toàn thi?t l?p ???ng dây ?ánh b?c c?c l?n thông qua trang m?ng khác, là Fun88… Con b?c mu?n tr? thành thành viên trang Fun88 ph?i chuy?n ti?n b?ng ngo?i t? hay ti?n Vi?t Nam vào tài kho?n cho Toàn, r?i ???c c?p m?t tài kho?n trên trang c? b?c trên, có s? ti?n ?o t??ng ???ng, dùng ?? ?ánh b?c.
Theo k?t qu? ?i?u tra, ???ng dây ?ánh b?c qua m?ng Fun88 có hàng ngàn con b?c tham gia trên c? n??c, trong ?ó không ít con b?c là gi?i trí th?c, doanh nhân, ng??i giàu có…. S? ti?n c? b?c giao d?ch qua các tài kho?n này lên ??n hàng tr?m t? ??ng.
Th?c t? l?y danh ngh?a này, Toàn tuy?n nhân viên, yêu c?u m?i ng??i dùng gi?y t? cá nhân m? 5 – 6 tài kho?n ngân hàng r?i có gi?y ?y quy?n cho Toàn s? d?ng các tài kho?n này
Ms Chavez said the casino offered only to refund the $20 she’d put in the machine and give her free meals and a room for the night.
We must not forget that a human put that technology in place. “If it’s a factual mistake, the gaming authority will back the casino. I’ll say upfront that Fortune Valley Casino – the Colorado casino where Louise Chavez won $42.9 million off a penny slot machine – might want to change its name to Mistake Valley Casino.
“It’s unfortunate when it happens,” said Colorado Division of Gaming spokesman Don Burmania. Maybe she wears a pace maker that caused the machine to synchronize with her heart and mind to win. “I’m like, ‘Oh, my God! Oh, my God!’ I’d never had this feeling before in my life, never.”
This needs to go to court. I’m willing to fly to Colorado as a technology expert to plead her case.
Considering the Colorado Gaming Department’s assertion that this particular type of slot machine is designed to pay off no more than $250,000, does Chavez have a shot at collecting anything close to $42.9-million – an amount which, she had been told, is more than the entire casino is worth?
Maybe Chavez would have better luck with lawyer Bob Nersesian. April 15, 2010 at 16:03 ET $46.65 per share up 0.39) they can afford it.
The casino owners also argued there was a sign on the wall that says the top prize for penny machines is $251,000. She just happened to be standing there, putting a penny in.
“All of a sudden I saw the light come on top of the machine,” Ms Chavez told Good Morning America. Chavez, her attorney or her family demand a copy of the computer logs on that machine from the time it was installed.
Now let us consider the term computer glitch:
But first the reported facts:. Louise Chavez put in a penny, and she got millions – only in America. Ms. Chavez. My brother wanted to know “You work with computers. Also based in Vegas, he’s known as an aggressive player’s advocate and once succeeded in getting a faulty slot machine payout resolved in the gambler’s favor. Insurance needs to pay up, and the casino needs to find the real culprit. If I was Ms. When consumers make mistakes, we are forced to pay for the corrections with or without insurance. If the casino decides to keep the original name, one question would always remain unanswered because of this incident – a fortune for whom?
“My emotions changed from excited, thrilled to very upset,” she said. Only once? That doesn’t sound like a glitch, it sounds like luck.
While a glitch is usually attributed to the computer hardware the time elapsed before detection is short because the failure is obvious. And now Mistake Valley Casino is trying to rob her. Chavez should be given the option of legally arguing her case, and ask that they change the name of the casino to Mistake or Glitch Valley Casino. The Government should get involved to stop corporations that think it is okay to play with consumers’ economics and emotions. What was the date on the winning penny? Where did she get 2,300 pennies in the first place? Why can’t the slot machine manufacturer, WMS Industries of Waukegan, Illinois be forced to pay for the mistake? According to the NYSE stock exchange (e.g. It started coughing out money – but then casino workers told her it was all a mistake, reports ABC News.
On March 31, 2010, while talking with my older brother Garland Walker Jr., alias Iceberg Slim, he told me a story about a woman who had the good luck to win $42.9 million at a casino. Then she had the bad luck to lose it, due to a computer glitch. But it was no fault of Ms. Another human decided to take a chance at winning the posted amount. But it does not state how often that prize can be paid out, the time between wins or the number of pennies necessary to win. Can they not pay her because of a computer glitch?” I said I’d look into it.
Now let us consider the technological circumstances:
Doing the right thing would even have a bright side for Fortune Valley Casino – just imagine how many more people would be willing to play there, knowing they can play a penny and get millions of dollars. Maybe the real culprit is a disgruntled former employee, or a hacker. Based on this ambiguous sign, Ms. More accurate circumstances which are frequently called computer glitches are incorrectly written software, incorrect instructions given by the operator, undetected invalid input data, incidents created by viruses, computer related hacking and undetected communications errors.
“Her likelihood is slim,” says Las Vegas attorney David Chesnoff, a go-to guy for clients who range from the town’s biggest poker pros to celebrities like Britney Spears and Shug Knight. Many manufactures use glitch to suggest a minor fault which will soon be rectified verses a bug, which is a factual statement that a programming fault is to blame for a system failure. “We don’t like it to happen, the casinos don’t like it to happen and in this case, the patron didn’t like it, either.”
Colorado gaming officials are investigating the incident, but said it could be nothing more than an unfortunate computer glitch.
The failure of a computing system to complete its functions or to perform task as designed. If Colorado is anything like Nevada, whatever gaming says is what it will be unless she can show any kind of fraud.”
That’s my defense, and I would appreciate comments from readers. She is obviously the new major stakeholder in Mistake Valley Casino.
In any case, if there was a ‘glitch,’ the machine should have read a series of 9s or 0s, not $42,949,673. “I got a $100,000 jackpot for a guy who played a machine that was programmed never to pay out more than nine grand,” he says. “Today, I don’t think I would win that case,” he says.
Now for my technological opinion:
At this point, let us consider views from other sources: Michael Kaplan of Daily Finance took the story in an interesting direction, looking at the odds of collecting on the $42.9 million:
I did not have to look far because the story is getting a lot of attention on the Internet. “It was a similar kind of mistake; a mechanism inside the machine had been misprogrammed.” But, says Nersesian, that case happened during a different time. Chavez was winning so fast the machine needed time to count the pennies and calculate the win. Chavez, I would tell the casino to pay $251,000 each day, week or month until I get my $42,949,673.
Louise Chavez was playing the machine at a casino in Central City, Colorado, when lights and bells went off to announce a jackpot. Corporations have insurance to correct their mistakes and glitches.
The casino owners pointed out it happened only once. This was more like a lucky itch than a glitch, because this lady must have entered over 2,000 pennies in the machine based on the amount returned by the casino. The possibilities should make Ms. They owe her an apology for delaying the payout. For me, it’s a question of entitlement. Chavez could assume that for every penny she could win $251,000
However, charges against the deputy minister were suddenly dropped in March, and the journalists were arrested six weeks later.
“I really did not deliberately abuse freedom and democracy,” he said. “It was only a professional accident.”
Media watchdog groups have called for the journalists’ release and said their arrests will discourage reporting on official wrongdoing.
Prosecutors accused the journalists of publishing false information, including that an executive involved in the case bribed officials with $500,000 in an attempted cover-up.
Tuesday, October 14, 2008
Prosecutors have asked for up to two years’ probation for the chief investigator, police Maj. Pham Xuan Quac. They asked Hai be given up to two years’ probation.
Hai testified that he did not intend to violate the law.. The unit received substantial funding from the World Bank and the Japanese government.
Foreign media and diplomats are being allowed to follow the court proceedings via closed-circuit television.
Prosecutors recommended that Chien be jailed for between two years and two and a half years. They sought a jail sentence of up to two and a half years for the other officer.
FOXNews.com – Vietnam tries 2 journalists for corruption reports – International News | News of the World | Middle East News | Europe News
The ruling Communist Party says fighting corruption is one of its top priorities.
HANOI, Vietnam –
Prosecutors on Tuesday sought a jail sentence of up to two and a half years for a Vietnamese journalist on trial for allegedly writing inaccurate stories about one of the country’s most high-profile corruption cases.
Reporter Nguyen Viet Chien, 56, was charged with “abusing freedom and democracy.” Another reporter, Nguyen Van Hai, 33, is facing the same charge. This material may not be published, broadcast, rewritten or redistributed.
“The trial will be a crucial test for press freedom and the struggle against corruption in Vietnam,” Paris-based Reporters Without Borders said last week.
Two police officers, including the chief investigator in the corruption case, also went on trial Tuesday on charges of “deliberately revealing state secrets” for allegedly providing information to the two journalists.
The case prompted the transportation minister to resign and led to the arrest of a deputy minister. “I therefore assumed that it was real.”
Hai and Chien were arrested in May for reporting on a 2005 scandal in which officials at a division of the Transportation Ministry were accused of gambling with funds allegedly embezzled from infrastructure projects.
Chien told the court that he had assumed the information was accurate.
Nine people have been convicted of betting millions of dollars on European football matches with money allegedly taken from a unit of the Transportation Ministry that managed major road and bridge construction projects. Gen. All rights reserved. Copyright 2008 The Associated Press. Both journalists are known for their aggressive reporting on corruption for two of Vietnam’s most popular newspapers.
Newspapers initially condemned the reporters’ arrests, but the government quickly clamped down on the state-controlled media and very little information has since been publicized about them.
“I received the information from police officials investigating the case,” he said
Families expanded their use of “plastic money” even faster. Both sides of the Reaganomic fence provide more than enough evidence in support of the argument that says: lower and middle class America lost significant ground during the 1980′s. These methods provided a way of reducing full-time labor wage costs, which included a reduction in employee benefits cost. One argument presented to explain this problem is that the “low wage explosion is mostly a statistical illusion, reflecting the impact of inflation and recession on workers’ earnings (Geoghegan 124).” Another proposal is to attribute the problem to a large influx of baby boomers into the work force. Reaganomics, in effect, was a program to strengthen business and industry while weakening the power of organized labor, reduce federal spending on other than military programs, reduce taxes, and regulatory abatement. In some cases businesses just simply got out of the production end and found alternate “ways of making paper profits” or found other ways to reduce labor costs.
The total amount borrowed by consumers nearly doubled between 1981 and 1986, from $394 Billion to $739 Billion. Families filing chapter 13 of the Bankruptcy Code grew from an average of less than 39,000 per year (1975-1980) to almost 95,000 a year (1981-1984) (Harrison Bluestone 152).In effect, most Americans during the Reagan Years went into debt. Many of the nation’s economic critics saw the policies of Reaganomics as short-term answers to a long-term problem by borrowing against the nation’s future.
Part of the Reagan plan was a reduction in taxes. It became a joke to say, “We are spending money to help the economy.” Consumer borrowing doubled between 1981 and 1986, from $394 Billion to $739 Billion. This article will discuss one particular facet of the Reaganomics debate; the issue of inequality in income distribution in America as a result of a turn-around in government policies combined with corporate restructuring.
Reagan was not the only one conducting a reduction program. During the 1980′s, the U.S. As Harrison and Bluestone state it, “Globalization of production was no longer supplementing domestic manufacturing but replacing it (Harrison Bluestone 28).” Restructuring involved creating multinational corporations with its headquarters and support functions in the major capitalist countries. lost one out of three heavy industrial jobs.
In Thomas Geoghegan’s book, Which Side Are You On? Trying To Be For Labor When It’s Flat on Its Back, two pieces of legislation are discussed as the beginning of the end for organized labor began with the 1935 Wagner Act and the National Labor relations Board (NLRB). U.S. Therefore, it’s not too surprising to see the average American family would not be to upset if union organizations were losing ground. Reaganomics as described by most, if not all economists and historians was supply-side economics; however, this in itself doesn’t really explain Reaganomics because of what actually happened. This was more than $1,740 less than they would have received based on 1968 income levels (Harrison Bluestone 131). production employment. The Reagan Administration simply continued this trend toward economic deregulation as initiated under Carter. A further major benefit of these creative pay systems was that they provided a way to avoid unions or at least keep the impact of union actions at a minimum. Reagan policies were designed to provide some flexibility for businesses to contain production costs, increase profits by reducing labor costs, and reducing the costs involved in meeting government standards. businesses began discarding their standard practices and shifted capital into overtly speculative ventures. Keeping labor costs from rising is not the only reason that U.S. Employment in mining actually rose until 1981 only to fall nearly in half during the 1980′s through the 1990′s (Slater 129).
Any discussion on Reaganomics should always contain a definition of Reaganomics so let’s get that out of the way from the start. Ronald Reagan’s supporters credit him as being the great savior of the American economy; his critics’ credit his policies for creating the destruction of labor and gambling away the future of the American economy through massive increases in the federal deficit. Salaries and benefits of corporate CEOs as compared to the average factory workers were 30 times higher in1980 and reached 130-140 times higher in 1991 (Krugman 262). Yet, organized labor was not the only one to feel the reduction of government support. This shows that there was a higher distribution of income in the hands of fewer people (Krugman 25).
Deregulation under Carter and Reagan opened the industries of steel, automotive, carpenters, and trucking to what Geoghegan called gypsies – small owner operators (Geoghegan 139). The groundwork for Reaganomics policies was put in place well before his time.
But what is the cost of these outsourcing? The result of reductions in domestic production and outsourcing was a reduction in U.S. At the end of the Carter Era the GINI Index before taxes was (.403) and (.352) after taxes. This group shrank from 53-percent in 1973 to 47.9-percent in 1984. However, the benefactors of the tax reduction were not the majority of wage earners. The same act that affirmed the right to organize but gave the NLRB the job of certifying whether or not a union was to be considered “officially” recognized. Either there exists a significant polarization of income distribution around the middle-class or the middle-class is now what used to be the lower-end of the upper-class income.
While Presidents Reagan and Bush froze the minimum wage level for a nine-year period, essentially cutting pay each year as inflation bit into lower wage earners, the salaries of executives skyrocketed during the 80′s. Harrison and Bluestone call the Reagan Administration “the single greatest gift to the business community” (Harrison Bluestone 102). firms have gone abroad to set up assembly or service operations. New employees would only receive 75 to 80-percent of the normal wage during a probation period (the probation period usually equated to the business’s employee turnover period). His experience through the late 1960′s and 1970′s describes the labor movement as having become political driven organizations characterized by the same characteristics (greed, power, control, and inequality) of those they despised – Big Business. They increased offshore investments and began outsourcing for labor and manufacturing in search of the lowest labor and production costs.
The Government economic policies supporting deregulation and the concept of privatization of government services were actually taken initially between the years 1968-1978. Reminiscent of the 1920′s and 1930′s, the middle class, formerly the largest class of the post WWII through the Vietnam War era has also been ever decreasing in size. “The old Teamster order collapsed and thousands of firms closed (Geoghegan 139).” During the late 1970′s and into the 1980′s, the Teamster membership fell from 2.2 million to 1.6 million. Since employee turnover is highest during the first few months of employment, businesses could save at least 20 to 25-percent of the wages they would have paid to an employee during that same period.. Harrison and Bluestone define what is usually considered the middle-class income earners, as those making $20,000 to $50,000 annually. With the weakening of organized labor by deregulation, businesses began experimenting with organizational changes to include work, labor, management relations, and flexible arrangements with employees, subcontractors, otherwise known as corporate restructuring.
Geoghegan believes that part of the weakening of unions also has to do with a lack of sympathy by the average family. This included family members taking on extra jobs or moonlighting in order to make ends meet. This act also weakened union power by outlawing mass picketing, secondary strikes on neutral employers, and sit-downs. By the late 1980s the before tax GINI Index was (.423) with the after taxes GINI as (.404). The wage-gap between the America lower income group and the upper or rich America group has been ever increasing. Union bureaucracy began to rival that of the federal and state court systems (Geoghegan 86-7).
Contingency labor pools were (and still are) not organized under a union. The inequality of income is not limited to only a specific age group (Harrison Bluestone 125).
There is plenty of material to argue whether or not Reaganomics was an economic success or an economic blunder. Often it’s stated that the Reagan Administration was trying to reduce the double-digit inflation of 1980 and turn around the falling rate of production. The GINI Index numbers support this disparity. Who paid for the improvements in American business during the 1980′s? The lower 60% of American workers paid for these improvements through the reductions in the real purchasing power of their income.
Geoghegan, a former labor attorney, tells of his experiences dealing with organized labor, how and why it has lost its ability to fight. During this period the government went on a spending spree financed by the deficit. The results of these policies directly impacted the redistribution of income in favor of the higher income group (Harrison Bluestone 162).
From 1969 – 1980 (prior to Reaganomics) wage cuts and freezes were “practically non-existent” (Harrison Bluestone 39). The reduced costs resulting from relocating no-skill jobs, low-skill jobs, assembly, and manufacturing operations to low wage areas, validated the practice of outsourcing. Strangely enough, this period seems to be the era of debt for both the government and the American income earners. According to data published in Krugman’s book, Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations, income data for the period reflects that the tax reductions during the 1980s actually cost the lower 60-percent income groups, while the top 40-percent income groups saw monetary increases (Krugman 24-5). I must add at this point that the “U-turn” in America’s economics actually began during the 1970′s; Reagan only sped up and expanded the process significantly (“U-turn”- the term used by Bluestone and Harrison to describe the reversal of fortune of the labor forces and the shrinking middle class).
Ronald Reagan’s laissez-faire government policies, reminiscent of the 1920′s, included legislative and legal actions that severely hampered organized labor. Fulltime manning was drastically reduced in watchdog agencies tasked to monitor the various industries. As Geoghegan puts it, the Taft-Hartley led to union busting.
Of course there are many supporters of Reaganomics that will produce statistics showing how the GNP was sustained during the 1980′s; there is really no mystery here. More family members entered the work force in order to increase or sustain real income purchasing power. A major part of Reagan’s policy was to enhance the military complex in order to stay ahead of the perceived communist threat. Also on the hit list for Reaganomics, was the reduction of social programs.
The counter argument against these income disparity issues is attributed by some as simply a matter of normal business cycles. The result of this program was a softening of safety and environmental regulations to ease the burden on industry. Contingency labor included part-time and temporary employees.
Reaganomics Debate:Inequality in Income Distribution, Government Policies and Corporate Restructuring
Mountains of paper have been written about the economic period of the 1980′s, coined Reaganomics. However, after accounting for the business cycle, for productivity, and for the shrinkage of manufacturing jobs, the growing proportion of baby boomers in the work force contributes nothing to an explanation of low wages. By the mid-1970′s global competition was eating away at American business profits. The richest 20-percent received $5,600 more per year in 1986, than they would have based on 1968 monetary values (Harrison Bluestone 131). But most of all, during the Reagan year’s people went into debt.
Creative wage reduction programs such as the two-tier pay system and conversion of a percentage of full-time employees to contingency labor employees (part-time and temporary employees) or a combination of methods became (and are still) the normal practice. And, of course, both sides of the argument will present evidence in support of their positions. During the 1970′s the average family income was $24,000, while the average steelworker was making $40,000. DOD spending doubled $134 billion in 1980 to $282 billion in 1987 (Harrison Bluestone 149). Benefit packages for these contingency employees were either non-existent or at least small enough to still keep labor costs low. They provided (and still do) flexibility to tailor their work force needs to the production needs. The existence of the Pension Benefit Guarantee Corporation (PBGC) also quieted union members by insuring the benefits of workers displaced when companies went bankrupt or their pension plans go bust.
This article focused on one particular facet of the Reaganomics debate; the issue of inequality in income distribution in America as a result of a turn-around in government policies combined with corporate restructuring. To continue the weakening of the labor pool, the Reaganites engineered the recessions of 1980 and 1981-2 to under-cut labor organizations while contributing to the corporate bottom line (Harrison Bluestone 14). Employment in the manufacturing area fell seven-percent between 1968 and 1979, continuing to fall twelve-percent more through the 1980′s and 1990′s (Slater 143). Yet, the cost to the average American laborer during that era and continuing into the next administration was what gave Reaganomics its negative reputation.
If labor had not been weakened enough by the high unemployment levels in the late 1970′s, Reagan’s firming of the PATCO members sent a clear message to not only the unions, but also to the courts as to his lack of support for organized labor. Credit card use grew from $55 billion in 1980 to more than $128 billion in 1986 (Harrison Bluestone 149).Families filing chapter 13 of the Bankruptcy Code grew from an average of less than 39,000 per year (1975-1980) to almost 95,000 a year (1981-1984) (Harrison Bluestone 152).
From 1973 to 1986 average wages have dropped in buying power by nearly 14-percent (Harrison Bluestone 113).In 1986, the average annual income of the poorest 20-percent of all families was $8,033. Yet, no real credible argument has been made that the Reagan years did anything to improve the equality of income distribution. The two-tier wage system allowed reduced wages for employees during the new worker’s first few weeks or months of the normal probation period. As a result, the traditional one-income household was no longer sufficient to keep up with the family economic needs. According to Krugman, these salaries did not come primarily from greater profits, but from a larger slice of the profits.
Social deregulation, as described by Harrison and Bluestone, was a true innovation of the Reagan Administration. This living on debt and buying time was sufficient to fuel a short-term recovery (Harrison Bluestone 147). Reaganomic policies, though we can’t forget some initial deregulation efforts instituted during the Carter years, reversed what had been accomplished prior to the 1970′s (Harrison Bluestone 79). After 1980, the purchasing power of lower-class wage earners through middle-class wage earners degraded throughout the period. The program included freezing the minimum wage and shifting against federal protection of workers’ rights and unions. The Government’s induced deflation, deregulation, regressive tax reform, privatization, and “union bashing” have contributed to new corporate strategies and the inequality of income distribution in America (Harrison Bluestone 16). Some firms have done so to improve their chance of selling to foreign markets or to take advantage of foreign government incentives (taxes) (Harrison Bluestone 31).
Since the mid-1960′s through the 1990′s, Americans have been getting poorer and poorer. Revolving installment credit grew from $55 billion in 1980 to more than $128 billion in 1986 (Harrison Bluestone 149). Additionally, in 1947 and the passing of Taft-Hartley, labor could no longer organize on the scale of unions of the 1930′s. The “engineered recession” of 1980 and 1981-2, along with reductions in social welfare programs contributed to this “great U-turn” in the standard of living of most Americans, employed as well as unemployed, middle managers as well as blue collar workers (Harrison Bluestone viii). As a result of these actions, profit margins rose steadily, yet average wages for families has decreased or at best has somewhat frozen in place.
To better compete in a global economy, US industries adopted a program of “restructuring”. Double income families were not a uniqueness of the lowest income earners, middle-class America also lost, or at least sustained, buying power during the 1980′s
This national lottery manages games of chance including lottery, scratch card, and sport gambling games, and sells and collects revenue through thousands of resellers nationwide.
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CINCINNATI–(BUSINESS WIRE)–Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that a top European national lottery has signed a multi-year licensing, support, and maintenance contract to implement Convergys Smart BSS Solutions, including Convergys Rating and Billing Manager, to support its dealer billing and commissioning.
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This new Convergys client required a sophisticated billing and commissioning solution that would enable it to quickly launch new and innovative games and commissioning schemes to retain and attract new lottery agents. We provide solutions that drive more value from the relationships our clients have with their customers. With Convergys’ integrated portfolio of Smart BSS Solutions, the lottery determined that it would receive the flexibility it needed to expand its market share in the newly liberalized and increasingly competitive European gaming market.
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“Following our entry into the utility market, this win confirms Convergys’ belief that our Smart BSS Solutions portfolio is uniquely positioned to meet the demands of complex real-time billing across multiple industries and multiple vertical markets, including gaming,” said Lento.
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Convergys Corporation (NYSE: CVG) is a global leader in relationship management. This strategic win with a new client in a new vertical market for Convergys is no exception, and with our Rating and Billing Manager, this national lottery will be able to surpass its customers’ expectations and speed time to market for complex new reseller offers to help drive continued revenue growth,” said Bob Lento, President, Information Management, for Convergys.
Convergys has approximately 65,000 employees in 68 customer contact centers and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia, and our global headquarters in Cincinnati, Ohio. Convergys turns these everyday interactions into a source of profit and strategic advantage for our clients.
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This is particularly important as people often get tempted by ridiculously low priced imports and have to pay the price. are readily available at all leading stores dedicated to hobby grade RC automobiles. On one hand where electricity powered boats are the most cost efficient with lowest purchase as well as maintenance cost; nitro boats are what you should look into if you are looking for your boat to reach great speeds. Thus, in order to ensure that you get the most out of your buy, you need to consider some vital aspects ruling RC boats before you make the purchase.
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The exhilaration delivered by speed racing is what pulls millions of fans from all parts of the world. However, as the market has way too many choices to offer including leading names such as Aquacraft, Traxxas, Proboat, etc.; buying a hobby grade RC boat suitable for you can turn out to be a great challenge. However, when talking about nitro boats, the initial cost as well as the maintenance cost is the highest among the three options available in the market. Hence, in order to get the best experience of RC racing, always go for premier names.
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One of her projects, called World Without Oil, put gamers in a scenario where they had to come up with inventive ways to exist on a planet that had run out of fossil fuels. She wants us to play more. She sees it as a new branch of human evolution.
McGonigal, a game designer with the Institute for the Future, and a speaker at this year’s TED Conference here in Long Beach, California, says people today spend a collective 3 billion hours per week playing online games.
“We can make any future we imagine and we can play any games we want,” she said. In the digital space, people tend to collaborate to help each other solve problems. By playing online games like World of Warcraft, gamers build up “superpowers” that will help them solve real world problems, McGonigal says.
Posted by: John D. They don’t give up as easily. “So I say let the world-changing games begin.”
“My goal for the next decade is to try to make it as easy to save the world in real life as it is to save the world in online games,” she said in a presentation here.
Think about that for a minute. Their skills are well matched to the challenges set out before them.
But how does this translate to change in the real world? Well, McGonigal builds social online games that straddle the virtual and real worlds. Sutter — CNN.com writer/producer
Filed under: Gaming o TED2010
“Gamers are willing to work hard all the time if they’re given the right work,” she said.
Such situations have developed gamers as “super-empowered, hopeful individuals,” she said. Can searching for troll spells and conquering digital alien worlds really help us combat climate change, end poverty and reduce global conflict? Yes, McGonigal says, because in online games people tend to behave better than in the real world. Players had to make changes to their real lives and then post about them online to advance in the game. The goal: inspire a generation of young, African entrepreneurs to chase their dreams – by making them think they’re playing a game that’s fun and collaborative, and where the chance of success is realistic.
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And, no, she’s not joking. Most of the 1,700 people who participated in that game have kept up with the changes they’ve made to their lives since the game was launched in 2007, she said.
Jane McGonigal says that’s a good thing.
Her next project, called “Evoke: a crash course in changing the world,” which debuted here at TED on Thursday and will kick off on March 3, is produced by the World Bank Institute. And they almost always feel they have a chance of winning. To solve all of the world’s problems, she says, we must spend seven times that much time with games – a whopping 21 billion hours per week among us all.
People today are addictively entertained by video games.. It pairs up mentors in the developed world with players in Africa
Use simple, direct language and graphics to illustrate your points. Economic projections will be shown between the main body of the business plan and the appendices. Make sure your wording reflects the upbeat approach of the management team. Point to would-be markets and give details of your pricing policy and advertising strategies. Affirm the considerable advantages of your product or service. This will ensure completeness without destroying the flow of the words.
If your business is a new venture then give background information as to why you intend to start it. The content of the business plan should exhibit the potential interests of the lender and encourage support for your cigar business venture.
Lay out your business plan in a coherent way with clear and precise headings – do not be frightened to waste paper – start new headings on a clean fresh piece of paper – it will make the document look more convincing and make it easy to find stuff for your financier.
You must keep your backer’s attention by making the detailed description as reader friendly as possible. Be positive and quick to the point.
Your cigar business plan is a detailed description that defines your cigar business with its objectives and shows how those objectives should be achieved.
The business plan should be modified for the prospective lender or the investor. should be given in a separate section of schedules. This will add credibility to the cigar business plan.
With no a cigar business plan it is not likely that possible “angel investors” and the like will invest in your cigar business if that is what you require to start it up or if you need to take it up another level
Stress the experience and awards of you and your management team and show how their skills can be harnessed to attain growth potential and profitability. PL statements, Balance Sheets, Cash-flow forecasts etc. Identify the competition and outline your proposals for dealing with it. Offer information on employment necessities including Curriculum vitaes for senior management in the Appendices and, if applicable, an organisation chart to illustrate the management construction.
Your business plan is not just for getting you the investment you need – it’s main objective should be to point the course in which your cigar business is heading.. In spite of this, it is advisable to be realistic when presenting fiscal predictions.
You must cover the businesses strengths as well as potential weaknesses and explain how you plan to overcome weaknesses. Reveal you appreciate the risks concerned and put forward potential solutions for overcoming these risks and supply evidence to support your statements
Monmouth Park, a thoroughbred race track in Oceanport, is planning to offer sports betting on Sunday.
“I believe we have found that path in this bipartisan legislative effort,” he added.
. But given earlier decisions by federal courts, it was critical that we follow a correct and appropriate path to curtail new court challenges and expensive litigation.
They claimed that the law violates the Professional and Amateur Sports Protection Act, a 1992 federal ban on state-sponsored sports betting.
The new law allows sports betting at state-licensed casinos and racetracks. Raymond Lesniak told Reuters in a telephone interview.
The federal court sided with the leagues, so the state appealed. states except four.
Voters approved the idea of legal sports betting in 2011 and the following year Christie signed a bill allowing the wagering.
(Reporting by Steve Ginsburg; editing by Andrew Hay)
In a statement Friday after signing the legislation Christie said: “I am a strong proponent of legalized sports wagering in New Jersey. the proliferation of state-sponsored and approved sports gambling in Atlantic City casinos and at New Jersey racetracks will cause immediate and irreparable harm” to the sports leagues,” the lawsuit said.
“In order to get an injunction, the leagues have to show that they will be irreparably damaged if Monmouth race track starts taking bets on sports sporting events on Sunday,” New Jersey State Sen. But the U.S. “I’m looking forward to placing the first legal bet in the state of New Jersey on a sporting event next Sunday,” Lesniak said.
Wager tickets are pictured on a table in this photo illustration before the 146th running of the Belmont Stakes in Elmont, New York June 7, 2014.
In calling for the injunction, the NFL, NBA, Major League Baseball and the NCAA are seeking to block enforcement of a law that New Jersey Governor Chris Christie signed on Friday, which partially repeals a ban on sports wagering in the state.
Lesniak believes it is up to the state to determine whether sports gambling can occur and said the wagering will jump-start New Jersey’s sagging gaming revenues.
“How can that be determined when Las Vegas is taking bets already, every single day? The NFL has three games at Wembley Stadium (in London) every year where people are betting right across the street from the stadium.”
(Reuters) – The National Football League and other sports leagues filed a lawsuit on Monday in an attempt to block New Jersey from offering legalized wagering on sporting events.
“If the 2014 Sports Wagering Law is not declared unlawful… Supreme Court refused to hear the case, leaving the lower court ban in place.
But the sports leagues sued, saying it violated a federal ban on the activity in all U.S
Although the Treasury is avoiding straightforward announcements, you will hardly find anyone who doesn’t understand the real reasons for this interference. For UK gamblers this may mean that the number of available online casinos will be significantly reduced.
At the same time offshore gaming jurisdictions, such as Isle of Man seem to be unworried about the possible licensing changes.
Michael Caselli, one of the world’s leading experts on online gaming and an editor of iGaming Business magazine, said: “The tax rate pretty much relates to how much less value the punter gets. They believe they already adhere to high regulatory standards which are comparable to those in Britain and, as Allan Bell MHK, Isle of Man Economic Development Minister, noticed, “the UK Gambling Commission has no wish to duplicate the work that our Gambling Commission does in regulating our operators”.. Remember the scandal with the British players being unable to get their money from this poker website? Well, the Department of Culture, Media and Sports is now determined to protect all UK players against the evils of offshore online casinos.
Even some industry giants have moved to smaller jurisdictions in order to avoid really high UK taxation. With the introduction of the new law they will not be able to operate and/or advertise in the UK, unless they get a licence from the British Gambling Commission. A 10% tax rate is 10% less value for punters.” Indeed, British players will only lose if online casinos will want to compensate for their extra spending on taxes.
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Supposedly, according to the new rules, all casino operators hoping to run a gambling business in the UK will have to submit applications to the Gambling Commission and obtain another licence. They wanted to be able to effectively compete with offshore online casinos and now it looks like they will have to consider moving back.
It is really nice that the British government is so much concerned about the safety of its citizens’ hard earned money, but the question is: will British gamblers really benefit from a crackdown on non-UK based online casinos?
In addition, the new licensing scheme may lead to the annulment of the so-called “white list”, which used to put online casino operators licensed in one of the named jurisdictions in a favourable position. It’s just the first step towards reclaiming taxes that had been lost when many of the UK online casinos went offshore.
It’s been all quite in the UK gambling industry until the FullTilt bombshell exploded