WSJ: General Motors Co. filed registration papers Wednesday for an initial public stock offering, laying the groundwork for the car maker to begin cutting its ties to the U.S. government, its majority owner. The 734-page document is the most detailed portrait yet of GM post-bankruptcy. In it, the company’s management is alternately confident about GM’s progress since its near-death experience last year, and cautious about its prospects. GM outlines a business plan that intends to leverage its massive global scale, strength in fast-growing emerging markets such as China and a balance sheet cleaned up by Chapter 11. At the same time, the company warns it faces many risks, such as continuing losses in Europe and a significant underfunding of its pension obligations.”
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Daily Archives: August 18, 2010
$46 Million in Grants to Help States Crack Down on Unreasonable Health Insurance Premium Hikes
News release: “HHS Secretary Kathleen Sebelius today announced grant awards of $46 million to 45 States and the District of Columbia. These Affordable Care Act grants will be used to help improve the oversight of proposed health insurance premium increases, take action against insurers seeking unreasonable rate hikes, and ensure consumers receive value for their… Continue Reading
BLS: Business Employment Dynamics Summary
Business Employment Dynamics Summary, Fourth Quarter 2009: “From September to December 2009 the number of gross job gains from opening and expanding private sector establishments increased to 6.6 million, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from closing and contracting private sector establishments were 6.8 million. Job losses… Continue Reading
SEC Charges State of New Jersey for Fraudulent Municipal Bond Offerings
News release: “The Securities and Exchange Commission today charged the State of New Jersey with securities fraud for misrepresenting and failing to disclose to investors in billions of dollars worth of municipal bond offerings that it was underfunding the state’s two largest pension plans. According to the SEC’s order, New Jersey offered and sold more… Continue Reading
Federal Task Force Sends Recommendations to President on Fostering Clean Coal Technology
News release: “President Obamas Interagency Task Force on Carbon Capture and Storage (CCS), co-chaired by the U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE), delivered a series of recommendations to the president today on overcoming the barriers to the widespread, cost-effective deployment of CCS within 10 years. CCS is a group of… Continue Reading
Use Microblogging to Increase Productivity
Use Microblogging to Increase Productivity, by Jeanne C Meister and Karie Willyerd, Harvard Business Review “There are a number of internal solutions that allow employees to share messages and information with each other, including Yammer and Socialtext. Laurence Smith, Vice President of Global Learning & Development at LG Electronics in Seoul, Korea has become an… Continue Reading
The Economic Impacts of the Marcellus Shale: Implications for New York, Pennsylvania, and West Virginia
The Economic Impacts of the Marcellus Shale: Implications for New York, Pennsylvania, and West Virginia. A Report to The American Petroleum Institute, by Timothy J. Considine, Ph.D., Natural Resource Economics, Inc. “Deep beneath the rolling hills and mountains of Appalachia from West Virginia in the south to upstate New York in the north lies a… Continue Reading
Federal Report Details Health and Economic Status of Older Americans
“Todays older Americans enjoy longer lives and better health than did previous generations. These and other trends are reported in Older Americans 2010: Key Indicators of Well-Being, a unique, comprehensive look at aging in the United States from the Federal Interagency Forum on Aging-Related Statistics. Older Americans 2010, the fifth report prepared by the Forum… Continue Reading
Obama Administration Housing Scorecard Shows Continued Increase in Home Affordability
“The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the second edition of the Administration’s Housing Scorecard showing that, thanks in part to interest rates continuing at all-time lows, home affordability in the U.S. remains near the most attractive levels in 10 years. In addition, for… Continue Reading
GAO: Anticipating and Meeting Accountability Challenges in a Dynamic Environment
Anticipating and Meeting Accountability Challenges in a Dynamic Environment, Gene L. Dodaro, Acting Comptroller General, U.S. Government Accountability Office, July 12, 2010 [via Government Innovators Network] “Major topics of this presentation include: threats confronting U.S. national security interests, fiscal sustainability and debt challenges, economic recovery and restored growth, the changing dynamics of global interdependence, advances… Continue Reading
