Friday, March 26, 2010

“Jesse James' Fourth Mistress, "Beautiful Model And ... - Huffingtonpost.com” plus 3 more

“Jesse James' Fourth Mistress, "Beautiful Model And ... - Huffingtonpost.com” plus 3 more

Jesse James' Fourth Mistress, "Beautiful Model And ... - Huffingtonpost.com

Posted: 26 Mar 2010 08:21 AM PDT

A fourth mistress has surfaced in the Jesse James cheating scandal. The still-unidentified woman claims to have had a three-year intimate relationship with Jesse that ended AFTER Michelle 'Bombshell' came forward last week. She says she has the sexts and emails to prove it but is still debating whether to go public.

This mistress has hired power attorney Gloria Allred, who represented Rachel Uchitel and Joslyn James when they went public with their affairs with Tiger Woods. Allred describes her client to Entertainment Tonight as a step up from Jesse's other mistresses.

"I represent a beautiful model and business woman," Allred told ET. "[James] pursued her and he had strong feelings for her. She is in the process of trying to decide if she will come forward. She has proof of their relationship including hundreds of texts, emails and photos. The relationship just ended recently after the scandal broke."

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Maine law promotes recycling among manufacturers - Forbes

Posted: 26 Mar 2010 08:28 AM PDT


AUGUSTA, Maine -- Supporters of a new Maine law that promotes recycling among manufacturers are calling it the first of its kind in the nation.

Gov. John Baldacci and supporters from business and environmental groups gathered in the State House on Thursday to mark the bill's passage. Baldacci signed it March 17.

The bill calls for manufacturers of consumer products to take responsibility for collecting and recycling or safely disposing of products at the end of their useful life.

Similar regulations already apply to a few specific manufacturers in Maine, such as those making products containing mercury. Under the new law, environmental officials will identify priority products for recycling and recommend which should be candidates for manufacturer collection and recycling.

Copyright 2009 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed

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Companies saying health care costs hard to swallow - Reporter

Posted: 26 Mar 2010 04:46 AM PDT

By JOSH FUNK

The health care overhaul will cost U.S. companies billions and make them more likely to drop prescription drug coverage for retirees because of a change in how the government subsidizes those benefits.

In the first two days after the law was signed, three major companies — Deere & Co., Caterpillar Inc. and Valero Energy — said they expect to take a total hit of $265 million to account for smaller tax deductions in the future.

With more than 3,500 companies now getting the tax break as an incentive to keep providing coverage, others are almost certain to announce similar cost increases in the weeks ahead as they sort out the impact of the change.

Figuring out what it will mean for retirees will take longer, but analysts said as many as 2 million could lose the prescription drug coverage provided by their former employers, leaving them to enroll in Medicare's program.

White House spokesman Robert Gibbs defended the tax law change Thursday, saying the original provision allowing companies to deduct the federal subsidies from their taxable income was a "loophole" that will be closed by the health care overhaul.

For the government, the tax changes are expected to raise roughly $4.5 billion over the next decade to help pay for the health overhaul. Some of the savings would be negated by retirees enrolling in the Medicare plans.

"You're increasing the incentive for companies to say 'We don't want to be in the health care business any more,"' said James Gelfand, senior manager of health policy for the U.S. Chamber of Commerce, which fought the overhaul.

American industrial companies that are struggling to compete globally against companies with much lower labor costs are particularly likely to eventually drop retiree coverage, said Gene Imhoff, an accounting professor at the University of Michigan.

"Anything that they can use to justify pushing something away from the employees, pushing it back on the employees or the government, they're going to do it," Imhoff said. "I'm not sure you can really blame them for trying to do this."

Caterpillar spokesman Jim Dugan said the company is still studying the health care law and doesn't yet know what the full impact will be. But he acknowledged that benefit changes are possible.

"Obviously, there's greater cost pressures on us that could drive changes to plans, but we haven't made any decisions on that," Dugan said.

Spokesmen for Deere and Valero said it was to soon to say how the change would affect the benefits they offer retirees.

When Congress approved the Medicare prescription drug program in 2003, it included government incentives for employers to provide drug benefits to retirees so the public system wouldn't be overwhelmed. Employers that provide prescription drug benefits for retirees can receive subsidies covering 28 percent of eligible costs; those subsidies totaled $3.7 billion in 2008.

Under the 2003 law, companies could deduct the entire amount they spent on the drug benefits from their taxable income — including the government subsidy, an average of $665 per retiree.

The health care law signed by President Barack Obama on Tuesday prohibits companies from writing off the subsidies starting in 2011, meaning they will no longer be able to deduct them from their taxable income.

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JP Morgan Hires New Head For Global Equities Business - Banking Business Review

Posted: 26 Mar 2010 03:56 AM PDT

JP Morgan Hires New Head For Global Equities Business

Published: 26-Mar-2010

JP Morgan has appointed Tim Throsby as global head of equity derivatives and regional head of equities for Europe, Middle East, and Africa. He will report to Carlos Hernandez, global head of equities.

Mr Throsby was most recently a partner at Citadel, where he ran the firm's Asia and Japan businesses. Before that, he spent three years at Lehman Brothers, where he was head of Asia equities before becoming global head of equity derivatives, convertibles and risk arbitrage.

Earlier in his career, he spent eight years at Goldman Sachs, where he was head of equity derivatives for Asia.

Mr Throsby is the latest addition to JP Morgan's global equities division. Frank Troise was named global head of electronic client solutions in January, responsible for further developing electronic trading capabilities.

In the past year, JP Morgan's equities franchise has also made significant investments to expand its international prime brokerage business and has integrated Cazenove's sales and trading operations after acquiring the remaining stake in the joint venture.

Mr Hernandez said: "We are thrilled that Mr Throsby has decided to join JP Morgan. With more than 20 years of experience and a profound knowledge of the markets, he brings tremendous expertise to our global franchise."

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