Wednesday, October 31, 2012

Earnings Preview: Berkshire Hathaway 3Q earnings

OMAHA, Neb. (AP) ? When Berkshire Hathaway Inc. releases third-quarter earnings Friday, they will be dissected by investors looking for clues about the economy's health, what CEO Warren Buffett might invest in next, as well as any estimate of Berkshire's insurance losses from Superstorm Sandy.

Investors will also be interested to see how Berkshire's BNSF Railway fared as major freight railroads grapple with weak coal demand.

But the bottom-line profit the company reports could differ significantly from the operating results for Berkshire's 80-odd businesses because the paper value of its derivatives tied to several stock-market indexes varies widely.

WHAT TO WATCH FOR: Berkshire owns several large insurance and reinsurance companies, including Geico and General Re, so it often pays out sizeable claims after any major disaster.

For instance, Berkshire recorded a $2.4 billion loss from the Sept. 11, 2001 terrorist attacks. Insurance losses from Superstorm Sandy aren't likely to be a big concern for Berkshire, which has about $40 billion cash on hand, but they will affect fourth-quarter profit.

Jeff Matthews, an investor who wrote "Secrets in Plain Sight: Business & Investing Secrets of Warren Buffett," said it will be interesting to see how BNSF fared after other railroads reported lower coal volume and increases in crude oil and automotive shipments.

Matthews expects derivative contracts to be somewhat positive for Berkshire in the quarter. Last year Berkshire recorded a $1.53 billion paper loss on its derivative contracts and investments in the third quarter.

Several Berkshire subsidiaries are tied closely to residential housing ? including Shaw carpet, Acme Brick, Clayton Homes and HomeServices of America real estate ? so the quarterly report will offer some insight into the U.S. housing industry's recovery.

WHY IT MATTERS: Buffett's remarkable investing track record has earned the company a devoted following. Berkshire is also watched closely because the conglomerate's results offer a glimpse into a variety of industries.

WHAT'S EXPECTED: Analysts surveyed by FactSet expect Berkshire to report earnings of $1.38 per Class B share on $39.04 billion in revenue.

LAST YEAR'S QUARTER: Berkshire's net income fell 24 percent last year to $2.28 billion, or 92 cents per share, because of a sharp decline in the paper value of its derivative contracts.

___

Follow Josh Funk online at www.twitter.com/funkwrite

___

Online:

Berkshire Hathaway Inc.: www.berkshirehathaway.com

Source: http://news.yahoo.com/earnings-preview-berkshire-hathaway-3q-earnings-200923678--finance.html

total eclipse of the heart jionni lavalle earthquake san francisco donald payne elizabeth berkley lenny dykstra jenelle evans

Monday, October 29, 2012

Take Hurricane Sandy seriously, East Coast residents are warned

The East Coast prepares as the storm approaches.

NEW YORK ? East Coast residents prepared Saturday for the onslaught of Hurricane Sandy, which forecasters expect to make landfall as soon as Monday night and then merge with a sprawling winter storm to create weather havoc for tens of millions of people across one-third of the nation.

From Maine to the Carolinas, federal and state officials urged residents and businesses to prepare for the worst ? drenching rain, flooding, high winds, highs seas, snow and widespread power outages. Federal officials said the impact would extend into the Ohio Valley.

Even though Sandy was still at least two days away, residents along the northeastern Atlantic Coast, mindful of possible transit shutdowns and bombarded by storm warnings, kicked into preparation mode.

PHOTOS: Hurricane Sandy

Battery-operated lanterns, batteries, flashlights, tape, plastic tarps and rope vanished from shelves at hardware stores like Brown's, on the Rockaway peninsula in the New York City borough of Queens.

But nothing was in as much demand as sandbags, said Brown's owner Noni Signoretti, as customers lined up at cash registers. "We got 1,000 in, and within an hour they were gone," she said. The shop was expecting to receive 4,400 additional sandbags, and it planned to open two hours earlier than normal Sunday to accommodate the expected rush.

Like some on the peninsula, which was under a mandatory evacuation order when Hurricane Irene hit last year, Signoretti blamed much of the rush for supplies on the media frenzy surrounding Sandy.

"It's very similar to what we had with Irene ? the panic," she said. "And what's happening today is that the weather is so nice that people have the opportunity to walk around in a panic."

Indeed, the wind was relatively calm, the ocean waves were no bigger than normal, and the boardwalk was dotted with its usual Saturday array of joggers, dog walkers and residents sitting on benches staring out at the water.

Neither Signoretti nor one of her regular customers, Jeanette Bernstein, planned to leave if an evacuation order was issued. Bernstein heeded last year's order after preparing her home for flooding that never came.

"I saved the sandbags from the last time," said Bernstein, who planned to flood-proof her home this year with sandbags, plastic and boards hammered over the windows. But she said her days of fleeing storms were over.

"I've been here so many years, I remember the flood when we were in rowboats," Bernstein said. That was Hurricane Donna of 1960, which sent the ocean and the bay washing over the peninsula. "If I lived through that," she added, "I can live through anything."

In New Jersey, Gov. Chris Christie warned against such complacency even as he sympathized with skepticism about forecasters' predictions. "We have to be prepared for the worst here," he said. "I can be as cynical as any of you, but when the storm comes, if it's as bad as they're predicting it will be, you're going to wish you weren't as cynical."

Dozens were killed as Sandy passed through the Caribbean late last week. The storm weakened but was upgraded Saturday to a Category 1 hurricane and was expected to turn west and make landfall late Monday or early Tuesday, with forecasters suggesting Delaware or southern New Jersey as possible locations.

The storm is expected to merge with a cold front from Canada ? creating a dangerous system that could reach 800 miles in diameter, affecting a third of the United States. Winds up to 75 mph were measured Saturday as far as 100 miles from the eye of the storm, which remained over the ocean.

Even before Sandy makes landfall, conditions are going to get worse, said Rick Knabb, director of the National Hurricane Center.

"There's no avoiding a significant storm surge event over a large area," Knabb told reporters. "We just can't pinpoint who's going to get the worst."

Flood warnings are in effect in four states. Storm surges up to 4 feet were expected in parts of Delaware, and more than 2 feet of snow could bury West Virginia. A vast area from Virginia to New York could see up to 8 inches of rain over the next week.

"Don't get lulled tomorrow when there's not a lot of rain and not a lot of wind," New York Mayor Michael R. Bloomberg said at a news conference Saturday. "This is a dangerous storm. I think we're going to be OK, but if it were to strengthen unexpectedly or change its expected path, it could do a lot of damage."

The storm may cause major disruptions for travelers going to and from the East Coast over the next several days. Airlines said they were closely monitoring the storm, and they urged travelers to regularly check the status of their flights.

Several major airlines waived fees for passengers wanting to change their reservations, subject to some restrictions. Delta Air Lines said travelers could change flights at no cost for travel to 15 states and Washington, D.C. United Airlines made a similar offer to reschedule flights for no fee for travel in and out of nearly 30 airports along the East Coast.

Hurricane Sandy had already forced President Obama's campaign to scuttle one of Vice President Joe Biden's two scheduled stops in Virginia on Saturday. Aides to Republican presidential nominee Mitt Romney say they are canceling their travel to make sure they don't get in the way of state and local officials bracing for the storm.

tina.susman@latimes.com

joseph.serna@latimes.com

Susman reported from New York and Serna from Los Angeles. Christi Parsons and Michael A. Memoli in the Washington bureau contributed to this report.

Source: http://feeds.latimes.com/~r/latimes/news/science/~3/WsEXkoHCeeI/la-na-super-storm-20121028,0,5131374.story

chicago bulls st louis blues rueben randle mike trout ryan broyles jerel worthy alshon jeffery

Friday, October 26, 2012

HEALTH and FITNESS | Stop Smoking Self Hypnosis Audio

Stop Smoking Self Hypnosis Audio Download With Ebook
Instant Stop Smoking Mp3 Audio Utilizing Self-hypnosis. Process Used By Successful Hypnotist. Video Explaining Product In Detail On Sales Page. Bonus Ebook Explaining How To Get The Most From Audio. Easy Way To Quit Smoking.
Stop Smoking Self Hypnosis Audio Download With Ebook

This entry was posted in Clickbank Workout and tagged Audio, Download, Ebook, Hypnosis, Self, Smoking, Stop. Bookmark the permalink.

Source: http://kashwealthsystem.com/health/2012/10/22/stop-smoking-self-hypnosis-audio-download-with-ebook/

jessica simpson chris brown 911 Google Docs masterchef Dictionary.com Chicago teachers strike

Source: http://ingression-liva.blogspot.com/2012/10/health-and-fitness-stop-smoking-self.html

lsu game lsu game beezow doo doo zopittybop bop bop cordova demaryius thomas transtar 316

Source: http://kelvinsamhh.posterous.com/health-and-fitness-stop-smoking-self-hypnosis

whitney houston autopsy results obama trayvon jim yong kim michael bush the host trailer whitney houston cause of death marquette university

Source: http://alysia-occultist.blogspot.com/2012/10/health-and-fitness-stop-smoking-self.html

costa rica kevin hart living social elizabeth warren Earthquake Costa Rica Clinton speech Michael Strahan

Season over for Browns LB Scott Fujita

BEREA, Ohio (AP) ? Browns linebacker Scott Fujita will be placed on injured reserve with a neck injury, ending his stormy season.

Fujita, one four players suspended by NFL Commissioner Roger Goodell for his role in the New Orleans Saints' bounty scandal, was inactive the past two games. He last started on Oct. 7 in a game against the New York Giants. Browns coach Pat Shurmur does not know if Fujita, an 11-year veteran and one of the league's most informed players, will retire.

The 33-year-old Fujita had neck surgery in college.

Fujita had his three-game suspension reduced to one by Goodell. However, Fujita was angered by a letter he received from the commissioner and harshly criticized Goodell for his handling of the Saints' situation and questioned his track record on player safety.

Source: http://news.yahoo.com/season-over-browns-lb-scott-fujita-163457189--nfl.html

duggar miscarriage roman holiday belize adele lyrics best new artist 2012 grammys foo fighters

Wednesday, October 24, 2012

Color Kinetics Unveils London Eye

Photo copyright David Morrell, courtesy Lighting Technology Projects.

Color Kinetics Inc. announced last week the unveiling of its latest international landmark installation, the British Airways London Eye. Named the "World's Leading Attraction" this year by the World Travel Awards, the London Eye is the world's tallest observation wheel at 450? high, and is the newest in a growing number of high-profile destinations to undergo a complete lighting overhaul with Color Kinetics' LED lighting technology.

"The London Eye has become a 21st century symbol for Britain, and it's a thrill to see this long-planned project come to realization. We've achieved an ambitious goal in bringing dynamic, visually appealing color to the structure while at the same time eliminating the maintenance costs and requirements of the previous fluorescent system. We're extremely pleased with the results, and believe Londoners and visitors alike will agree," said Kevin Dyer, Head of Technical Operations for the British Airways London Eye.

Situated on the South Bank of the River Thames and often called the "Gateway to London," the London Eye is visited by more than 10,000 people daily. It was previously lit by fluorescent tubes that proved costly to maintain, and required the manual installation of gels to produce colored light for special events.

Color Kinetics was approached to replace this system with an LED-based alternative. Approximately 640 ColorCast? 14 units were supplied, installed and programmed by UK-based Architainment Lighting Ltd. and Lighting Technology Projects. Each unit may be individually programmed to generate millions of colors that are seamlessly produced by Chromacore? technology, as opposed to the use of colored gels. This technology gives the London Eye the cost-effective ability to display precise colors for corporate clients and special occasions, while predominantly displaying white light

"Internationally recognized installations have become one of the benchmarks that define Color Kinetics' market success, and we're honored to put our signature on an iconic structure like the British Airways London Eye," says Bill Sims, president and CEO, Color Kinetics. "This project reflects an accelerating trend as maintenance-intensive lighting systems are displaced by LED alternatives - first in applications of color and increasingly in the use of white light. Though six years away, we can envision the Eye playing a colorful, welcoming role when London hosts the 2012 Olympic Games."

Today Color Kinetics' lighting systems are installed in many notable sites in and around London. These include Victoria Plaza, Berkeley Homes Tower at Tabard Square, Plantation Place, Great Ormond Street Hospital, City Place House, 27 Knightsbridge, and Millennium Square at Bristol Harbour.

The newly Color Kinetics-illuminated London Eye is visible from more than a mile away. Because Color Kinetics' lighting systems are compatible with the industry-standard DMX protocol, the ColorCast 14 units integrate seamlessly with two Pharos LPC2 controllers, enabling the creation of dynamic light shows on demand. The rugged, exterior-grade units incorporate Powercore? technology to directly accept line voltage, eliminating the need for external power supplies and easing installation.

Photo copyright David Morrell, courtesy Lighting Technology Projects.

Source: http://livedesignonline.com/architainment/color_kinetics_london_eye_011607/?imw=Y

tiger woods masters 2012 nikki haley stan van gundy navy jet crash virginia beach crash stephen hawking marion barry

Clintons land in Haiti to showcase industrial park

CARACOL, Haiti (AP) ? Secretary of State Hillary Rodham Clinton encouraged foreigners to invest in Haiti as she and her husband Bill led a star-studded delegation gathered Monday to inaugurate a new industrial park at the center of U.S. efforts to help the country rebuild after the 2010 earthquake.

Actors Sean Penn and Bill Stiller, fashion designer Donna Karan and British business magnate Richard Branson were among the luminaries at the opening of the new Caracol Industrial Park, which is projected to create thousands of jobs more than 100 miles from the quake-ravaged capital of Port-au-Prince.

Hillary Rodham Clinton told a roomful of investors gathered for a luncheon that she had made Haiti a priority when she became Secretary of State.

"We had learned that supporting long-term prosperity in Haiti meant more than providing aid," she said. "It required investments in infrastructure and the economy that would help the Haitian people achieve their own dreams.

"So we shifted our assistance to investments to address some of the biggest challenges facing this country: creating jobs and sustainable economic growth," she added.

Earlier Monday, thousands of Haitians lined the roadway to wave at her motorcade as it wound its way from the airport. Hillary Rodham Clinton and other U.S. officials, including Labor Secretary Hilda Solis and Sen. Patrick Leahy, a Democrat from Vermont, toured a housing development for industrial park workers supported by the U.S. Agency for International Development.

The Secretary of State noted there were three presidents gathered in one room to celebrate the opening: her husband, former American President Bill Clinton, current Haitian President Michel Martelly and his predecessor Rene Preval.

Bill Clinton, now a U.N. special envoy for Haiti, arrived in Caracol separately from his wife.

The Clintons and their allies hope that the $300 million industrial facility will transform the northern part of this impoverished country by providing thousands of desperately needed jobs.

But some Haitians say the industrial park does little more than replicate failed efforts from the past and will benefit outsiders more than Haitians. They also worry it will harm some of the few pieces of undamaged environment that still exist in Haiti.

"It's really all-in on this project, and there's a high bar to deliver," said Laurent Dubois, a historian who teaches at Duke University and is author of "Haiti: The Aftershocks of History." ''It really needs to deliver in a big way so that people will think, yeah, this was the right thing to do."

The stakes are high in large part because the Clintons have been so heavily involved.

The Caracol project was in the works before the earthquake but it became a top priority for the Obama administration soon after the disaster. Hillary Rodham Clinton's chief of staff, Cheryl Mills, has made almost monthly visits to the site on Haiti's northern coast.

Bill Clinton also took an interest. He attended the project's groundbreaking a year ago with Martelly.

The $124 million put in by the U.S. makes the park Washington's biggest single investment in the aftermath of the quake and it is certain to shape the legacy of the Clintons, who last visited Haiti together in 1975 on a wedding gift following their honeymoon in Mexico.

Monday's trip is Hillary Rodham Clinton's third to Haiti since the earthquake, and there have been more than a dozen visits by her husband, who was co-chairman of an earthquake recovery panel before its mandate ended a year ago.

The industrial park to be inaugurated by the Clintons was built on a 617-acre (250-hectare) site meant to "decentralize" Haiti's economy away from the crowded capital of Port-au-Prince and help develop the long-neglected countryside.

The anchor tenant is South Korean apparel giant Sae-A Trading Co. Ltd, which begun production in May. It has agreed to create 20,000 permanent jobs within six years and also build 5,000 houses. Backers say the entire park has the potential to generate up to 65,000 jobs in all.

Sae-A, which shipped 76,000 T-shirts to Wal-Mart in the United States on Oct. 15, says it is training 1,050 people it has hired, 70 percent of them from the area surrounding Caracol. Daniel Cho, a representative of Sae-A in Haiti, said the employees will be paid almost $5 for eight hours of work.

A local paint manufacturing company, Peintures Caraibes SA, became the second tenant in July and will export paint made by Sherwin Williams along with its own paint; production begins next month. It's supposed to hire 350 people.

Details are still being worked on to bring in other tenants, but the project's architects hope its duty-free status and a 15-year tax holiday will lure more.

Everyone agrees Haiti needs jobs. The country of about 10 million people is among the world's poorest, and unemployment and underemployment hover around 60 percent.

Despite the promises of up to 65,000 jobs at the site, and projections of possibly 133,000 more jobs through related cottage industries, the Caracol project has drawn much skepticism.

Critics say it's not much different from the factories to make baseballs for the U.S. sport that were built in the 1970s and 1980s under the regime of playboy dictator Jean-Claude "Baby Doc" Duvalier.

Those jobs prompted thousands of farmers to leave their fields for the capital, and agricultural areas suffered from neglect. Shantytowns like Cite Soleil emerged to house the new workers. The factories got tax breaks but there was no income to offset Duvalier's alleged plundering of state coffers.

Haiti was supposed to become the "Taiwan of the Caribbean" but instead suffered through economic collapse brought on by political instability.

"This is: Been there, done that," Alex Dupuy, a Haiti-born sociologist who teaches at Wesleyan University in Connecticut, said of the Caracol project.

Because of the tenants' tax breaks, outside investors will have more to gain than Haitians, he said.

"This is not a strategy that is meant to provide Haiti with any measure of sustainable development ... The only reason those industries come to Haiti is because the country has the lowest wages in the region," Dupuy said.

Backers of Caracol stress that it will bring tens of thousands of jobs to an area where subsistence farming has long been the only alternative to migration. Jean Cherenfant, mayor of Cap-Haitien, a seaside city 13 miles (21 kilometers) from Caracol, sees the facility as a boon.

"We don't have a lot of employers here, and we're talking about several hundred thousand jobs," Cherenfant said by telephone. "I will not go along with those people who are pessimistic."

____

Associated Press writer Josh Lederman contributed to this report from Caracol, Haiti.

Source: http://news.yahoo.com/clintons-land-haiti-showcase-industrial-park-070901823.html

Democratic National Convention 2012 myocardial infarction What Is Labor Day jersey shore Pasquale Rotella Michael Clark Duncan michael jackson

Police release dash cam video of car-chase crash that killed Texas teen

by KHOU.com Staff

kens5.com

Posted on October 23, 2012 at 4:32 PM

HOUSTON?Police have released dash cam video of the crash that killed 16-year-old Shawn Williams over the weekend.

The video shows an officer starting the chase of the fleeing pickup truck. It had been seen at a shoplifting incident at San Jacinto Mall, and then was found minutes later at another shoplifting attempt at a nearby Academy store.

The truck shown bouncing through a ditch had just rammed a Baytown police vehicle, and then raced south on Garth road at a high rate of speed.

The officer backs off and keeps a visual on the truck as it races in oncoming traffic and blows through red lights.

Two miles later, as another officer is laying down spike strips, there is an explosion. The footage shows the car holding Williams and 17-year old Shay Hollingshead in flames. Two people are seen running, later identified as Shannon Joe Chauncey and Jennifer Jenkins, who were captured moments later.

Police believe they did all they could to avoid the loss of life. Williams? family says that is not their concern right now. Their focus is on celebrating the life of a young man loved by everyone who knew him.

"We teach our kids that ?live life like it?s your last day," said Shawn?s father. "He would do everything. And he always lived for the benefit of someone else."

"I didn?t think I would ever see people in the community this attached to one of my children, to our family, you know. Thank you," said Shawn?s mother Pleshette.

The argument over his death and who is to blame will wait for another day. In the meantime, Shay Hollingshead remains in critical condition.

Source: http://www.kens5.com/video/featured-videos/Police-release-dash-cam-video-of-car-chase-crash-that-killed-Texas-teen-175492381.html

facebook ipo egypt soccer riot right to work mike kelley puxatony phil josh harvey clemons college football recruiting rankings