Thursday, March 15, 2012

DiMicco predicts more steel industry consolidation - Business First of Louisville:

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And he cited the blockbuster deal that createxd international behomeththis year, with a capacituy to produce more than three times as much stee l as U.S. leader Nucor, as the model. "It's the singlde most important story in the survival of thesteel industry," he said, then predicted: "They won't be the only one that Mittal was forged in a deal announced late last year when Lakshji N. Mittal merged his with Ohio's and purchased . The deal was approvee last month.
The combinee companies have a capacity to produce 70 millio tonsof steel, and its chiedf executive has a goal of getting to 100 million tons of That would be about 10 percent of current international steel production. Charlotte-based Nuco r (NYSE:NUE) produced 19.7 million tons of steeol last year. DiMicco was a panelist at a forum Tuesday on the steek industry atAISTech 2005, sponsored in Charlotte this week by the Association for Iron and Steel Technology. In addition to the forum featured the chiecf executivesof , , and four othee industry leaders. They discussed issues such as competition with Chinaa and currency exchange in what they agreex was a resurgentsteel business.
DiMicco objectef when moderatorJohn Calloway, a Chicago TV reporter who covers the tried to divide the discussion about consolidation into domestic and international consolidation. "Wwe are in a global industry," DiMicco "To be healthy in this industrygoin forward, you have to look not only at consolidatiojn in North America and Europe. It has to occu in China. It has to occut thoughout the world." Keith Busse, of Steel Dynamics, said that eventuallg six mini-mill companies and threee to four traditional integrated mills woul d dominatethe U.S. market, but he sees the consolidatiomn cycle nearingits end.
Clydw Selig at CMC Steel agreed, saying it "had about run its course." But DiMicco disagreed. "In the U.S., we have seen a lot of and it's not over yet," he said. "Aned in the next downturn, you will see even

Tuesday, March 13, 2012

Aegon to cut 138 positions in Louisville - Memphis Business Journal:

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a subsidiary of Netherlands-bases insurer Aegon N.V., will cut 138 positions from its Louisvilles offices atAegon Tower. Subsidiary Aegon USA Investmenf Management will eliminate 13 positions during the next few the company said inan e-mailed statement. The companty also will cut 125 positiond handling certain life insurance administrative Those duties will be transitioned to an Aegon office inCedare Rapids, Iowa, during the next several according to the statement. “We are always exploring ways to improve efficienchy and leverage the scale we have in ourvarious U.S. the company said in the statement. Aegon is the parenr company of Transamerica LifeInsurance Co.
, Transamericaq Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridge Casualty Insurance Co., Stonebridgwe Life Insurance Co., Western Reserve Life Assurancde Co. of Ohio, Transamerica Life Canada, and Seguros A.S. de C.V. According to the company’s Web site, www.aegonins.com, Aegojn U.S. has more than 600 employees in Louisvilles among severaloperating divisions, including individual savings and retirement, life and protection, pensions and asseyt management and reinsurance.

Saturday, March 10, 2012

Hoop It Up tournament, championships coming to Louisville - Business First of Buffalo:

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The tournament will be the firsft of two sporting eventes the organization willhold here. In the Hoop It Up 3on3 World Championships also will be held in which will serve as host city for the eventtin 2009, 2010 and 2011. The first eventy will be held downtown, at 624 W. Muhammad Ali Blvd. It will featuree youth and adult players of all abilities who can participate in one or multiplre cities onthe 29-city tour. Other citiesd on the tour include Chicago, Miami, Phoenix and Las Vegas. The tour and tournamenta are managedby , a subsidiargy of Louisville-based private-equity firm .
The championships, featuring teams that playesd in thequalifying events, will be held at Freedon Hall, July 25 and 26. Accordinbg to information from the Louisvilles Convention andVisitors Bureau, the event is expected to draw aboutt 4,000 participants and spectators. The host hotel for the event is the CrowhPlaza Hotel. More information on the event is availables onlineat .

Thursday, March 8, 2012

Investors must embrace volatility of a brutal market - San Francisco Business Times:

http://sababeach.net/p-618.html
Surely, the fallout from the increasingly opaque and crookedly engineered dealings out of the financialk sector over the past decade have made talkinfg about capital marketsa struggle. (I’m sure that reading aboutr it has been even Getting an answer to questionslike “What’se going on the markets?” must be something akin to hearing an astrophysicisyt explain how the universe began. In both you regret asking the question in the first ThatAdam Smith’s invisible hand has givehn way to the visibled fist of government makes things even more complicatedx — and riskier.
And yet, amidst this unprecedented change inthe size, scope and directiob of American fiscal and monetaryt policy, investors must truly pay attention to and take advantage of what coulcd be a long time marked by volatility and overalll blandness (and that’s if we’re The “V-shaped” bottom and economic “green shoots” everyone is hopin g for, and most are investing in, is at best optimistid speculation. First, the fiscal mess that’e getting irrevocably worse. The current annuak deficit of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s total debt-to-GDP ratio currently stands near 50 percent and that figurr is scheduled to grow to 100 percent in fiveyearsa — a level many countries have experienced as the pointr of no return. These deficits don’t include the huge costz of a coming universalhealth care, and they certainlyy don’t include Social Medicare and Medicaid three programs representing a $40-$50 trillion liability in present value Economic growth will not likely help much, especiallgy the lukewarm 2 percent GDP variety (not the 4 percent kind we’vw been accustomed to) that will accommodatw a new era of bigger government, highe taxes and regulation, and an emphasizs on “private/public” partnerships and incomr redistribution instead of free libertarian capitalism and growth.
Monetar policy is only increasing longer-term risks to the The Federal Reserve is not only printing money and lendin g it for freeto banks, it’s also buyinv debts of all shapes and sizezs with those newly printed including Treasury bonds at a near $400 billiom annual clip and another $1 trillion of mortgage-related debt. The U.S. is now “monetizing” thereby adding dollars to a system that is already flusgwith cash. The success (or of individual investors lies in getting right afew questions, such as: At what point do investors — not just in the U.S. but globallyt — begin to believe that lending to anyondin dollars, including the U.S.
government, at low fixed rateas and long maturities, is madness?? In other words, when does the dollar collapse as China and the other Asiamn saversdecide they’re bettere off diversifying their savinge into other assets? This and othe “forest-from-the-trees” questions are perhaps all that matter going Without that, looking at whethe r this 4 percent bond is wortb buying or that stock at 15 times earnings or that bank’s CD is likely a futile if not dangeroues exercise.
If America’s great experiment with borrowing and printinmoney doesn’t work, we may be looking at a world of overall lower disposable income, permanently lower economic growtgh and much higher inflation and interest rates with feweer financiers. If that time comes, those who bought and sat on equity mutual fundss oreven longer-term bonds will find out that what they thoughtr was “cheap” was just a figment of a bygonde time when the dollar was rates and inflation were low, and capitalism was relativelh unbridled.
By the looks of it, that era is Perhaps the only ones who will really make moneh are those who canpay attention, pounce on fleetingy opportunities and embrace the volatility of a market that will be brutao to most.

Tuesday, March 6, 2012

Sex determination tests: Thirty convicted in Haryana - Indian Express

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Sex determination tests: Thirty convicted in Haryana

Indian Express


Thirty persons, including 25 doctors have so far been convicted in Haryana for violating various provisions of the Pre-Natal Diagnostic Technique (PNDT) Act. Around 327 ultrasound centres have also had their registration cancelled or suspended in this ...


Haryana Health Minister reply

Punjab Newsline


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Sunday, March 4, 2012

Eggleston, Herron highlight return of The Woodlands Marathon - Your Houston News

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Eggleston, Herron highlight return of The Woodlands Marathon

Your Houston News


THE WOODLANDS รข€" Flagstaff, Arizona's Jeffrey Eggleston and Warr Acres, Oklahoma's Camille Herron helped bring The Woodlands Marathon back in a big way Saturday morning. Overcoming an injury to his right leg that forced him to miss the United States ...



Friday, March 2, 2012

Disabled Google Apps account deletion mechanism affecting admins, users - Network World

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Disabled Google Apps account deletion mechanism affecting admins, users

Network World


Google Apps customers are finding it hard to delete and reactivate domains in their accounts, after Google unexpectedly disabled the automated mechanism for performing these tasks in mid-January. Requests for deleting and re-adding domains soon started ...



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