Disproportion in Finance Workers Compensation Over Time ...

by Lisa Wade, 7 hours ago at 12:02 pm

Graphic Sociology linked to a study by the Office of the State Comptroller aiming at understanding the importance of the securities industry to New York City?s economy. ?It reveals something we already know quite well ? that compensation to financial services sector workers is extraordinarily high (~350,000/year) ? but also that the relative compensation of financial services sector workers, compared to the average worker in New York City, has increasingly advantaged the former.

This figure, included in the report, shows just how disproportionately compensation in the finance sector has been growing compared to compensation for everyone else. ?While workers in other private sectors have seen their incomes about triple since 1981, workers in securities are making, on average, eight to ten times what they were making 30 years ago. ?This means that, while people in finance made about twice what the average worker made in 1981, they now make about six times the income of the average private sector worker.

Source: http://thesocietypages.org/socimages/2011/10/17/disproportion-in-finance-workers-compensation-over-time/

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New study reinforces need for continued infant sleep campaigns to prevent SIDS

[ Back to EurekAlert! ] Public release date: 17-Oct-2011
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Contact: Susan Martin
ssmartin@aap.org
847-434-7131
American Academy of Pediatrics

BOSTON -- New research reinforces the need for continued public education programs that encourage parents to place their infants to sleep in the supine (back) position in a safe crib or bassinet, to prevent an estimated 4,600 annual Sudden Unintended Infant Deaths (SUID), of which 50 percent are classified as Sudden Death Syndrome (SIDS). The abstract, "Retrospective Review of Sleeping Conditions in Infant Deaths in New Mexico," was presented at the American Academy of Pediatrics (AAP) National Conference and Exhibition in Boston.

Public health efforts, such as the successful AAP co-sponsored "Back to Sleep" campaign, have resulted in a 50 percent reduction in the SIDS rate. More recently, the Cribs for Kids program provides safe cribs to low-income families, but there is no data to support the programs effect on the rate of SIDS. Despite the success of the "Back to Sleep" campaign, SIDS is the leading cause of death for infants under one year of age.

In the new study, researchers reviewed 91 deaths of children younger than age 1 in New Mexico between 2006 and 2010, of which 59 were SUID/SIDS and 28 were undetermined. Of these, 52 percent of the infants had been placed to sleep in a non-supine position, and 71 percent had been found on an unsafe sleep surface.

A shared sleep surface was the site of death in 50 percent of the cases. Having a crib in the home, however, was not a predictor of safe sleep habits. Of the 71 percent of infants found in an un-safe sleep environment, a crib was present in the home in 57 percent of these cases. In 30 percent of these homes, the crib was being used for another purpose.

"Despite the success of sleeping awareness campaigns, many of the remaining SIDS cases involve prone sleeping and unsafe sleeping environments, such as bed sharing and infants being put to sleep outside of a crib or bassinet," said lead study author Jessica Black. "Continued educational efforts on safe sleep practices for infants are essential in the efforts to prevent these infant deaths."

###

The American Academy of Pediatrics is an organization of 60,000 primary care pediatricians, pediatric medical subspecialists and pediatric surgical specialists dedicated to the health, safety and well being of infants, children, adolescents and young adults. For more information, visit http://www.aap.org.



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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


[ Back to EurekAlert! ] Public release date: 17-Oct-2011
[ | E-mail | Share Share ]

Contact: Susan Martin
ssmartin@aap.org
847-434-7131
American Academy of Pediatrics

BOSTON -- New research reinforces the need for continued public education programs that encourage parents to place their infants to sleep in the supine (back) position in a safe crib or bassinet, to prevent an estimated 4,600 annual Sudden Unintended Infant Deaths (SUID), of which 50 percent are classified as Sudden Death Syndrome (SIDS). The abstract, "Retrospective Review of Sleeping Conditions in Infant Deaths in New Mexico," was presented at the American Academy of Pediatrics (AAP) National Conference and Exhibition in Boston.

Public health efforts, such as the successful AAP co-sponsored "Back to Sleep" campaign, have resulted in a 50 percent reduction in the SIDS rate. More recently, the Cribs for Kids program provides safe cribs to low-income families, but there is no data to support the programs effect on the rate of SIDS. Despite the success of the "Back to Sleep" campaign, SIDS is the leading cause of death for infants under one year of age.

In the new study, researchers reviewed 91 deaths of children younger than age 1 in New Mexico between 2006 and 2010, of which 59 were SUID/SIDS and 28 were undetermined. Of these, 52 percent of the infants had been placed to sleep in a non-supine position, and 71 percent had been found on an unsafe sleep surface.

A shared sleep surface was the site of death in 50 percent of the cases. Having a crib in the home, however, was not a predictor of safe sleep habits. Of the 71 percent of infants found in an un-safe sleep environment, a crib was present in the home in 57 percent of these cases. In 30 percent of these homes, the crib was being used for another purpose.

"Despite the success of sleeping awareness campaigns, many of the remaining SIDS cases involve prone sleeping and unsafe sleeping environments, such as bed sharing and infants being put to sleep outside of a crib or bassinet," said lead study author Jessica Black. "Continued educational efforts on safe sleep practices for infants are essential in the efforts to prevent these infant deaths."

###

The American Academy of Pediatrics is an organization of 60,000 primary care pediatricians, pediatric medical subspecialists and pediatric surgical specialists dedicated to the health, safety and well being of infants, children, adolescents and young adults. For more information, visit http://www.aap.org.



[ Back to EurekAlert! ] [ | E-mail | Share Share ]

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2011-10/aaop-nsr101011.php

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It Looks Like Siri's Already Having Some Trouble [IPhone]

Apple didn't have much difficulty convincing people they needed to upgrade to the iPhone 4S yesterday. But the new phone's biggest selling point, the voice activated Siri assistant, has apparently already succumbed to the pressure of being at everyone's beck and call. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/qilyT87MCas/it-looks-like-siris-already-having-some-trouble

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G20 Finance Chiefs Back Europe Bank Rescue - Money News Story ...

Finance ministers from the world's largest economies pledged Saturday to take "all necessary actions" to stabilize global financial markets and ensure that banks are well capitalized."We will ensure that banks are adequately capitalized and have sufficient access to funding to deal with the current crisis," the Group of 20 finance ministers said in a statement issued after a two-day meeting in Paris.The meeting comes as officials in Europe move closer to an agreement on a comprehensive plan to secure the banking system and resolve Europe's long-standing sovereign debt problems.The plan, outlined by European Commission president Jose Manuel Barroso last week, will be discussed in detail at a meeting being held by the European Council in Brussels on Oct. 23."We heard encouraging things from our European colleagues in Paris about a new comprehensive plan to deal with the crisis on the continent," said U.S. Treasury Secretary Tim Geithner in a statement.Geithner added that European leaders "clearly have more work to do on the strategy and the details."But he sounded optimistic about the support the plan has received from Europe's two largest economies. "When France and Germany agree on a plan together and decide to act, big things are possible," he said.European leaders have been under pressure to decisively resolve the debt crisis in Greece and increase the firepower of a recently overhauled bailout fund to provide a stronger "backstop" for other euro area nations struggling with unsustainable levels of debt, such as Italy and Spain.The 27-nation European Union has also been grappling with the threat of a banking crisis, amid fears in financial markets that banks do not have enough capital to withstand the shock of a contagious sovereign debt crisis.The G20 ministers welcomed the recently approved overhaul of the European Financial Stability Facility, which now has power to intervene in the sovereign debt market and loan money to governments that need to recapitalize banks.The EFSF is still widely seen as needing additional "leverage" to address both the sovereign debt and banking crisis simultaneously.EU officials are expected to discuss ways to give the ?440 billion fund greater "firepower" at a meeting later this month, but increasing the amount of money the fund controls has been ruled out."We look forward to further work to maximize the impact of the EFSF in order to avoid contagion, and to the outcome of the European Council on October 23 to decisively address the current challenges through a comprehensive plan," the G20 communiqu? read.The "comprehensive plan" is expected to be formally presented early next month when the G20 heads of state meet in Cannes, France. Meanwhile, the G20 also said it made progress on an "action plan" to address problems in the global economy and help boost growth.The ministers said developed economies must continue to reduce debts and deficits, while taking steps to spur economic growth.Emerging economies need to address risks such as inflation and capital imbalances, the G20 said, adding that developing nations with export-driven economies need to stimulate domestic consumption.The G20 said it is taking "concrete steps" to strengthen the international monetary system, including the management of capital flows and exchange rates.The ministers also mwelcomed new surveillance powers by the International Monetary Fund, but the statement seemed to suggest that the G20 expects more from the multinational lending institution."We committed that the IMF must have adequate resources to fulfill its systemic responsibilities and look forward to a discussion of this in Cannes," the G20 said.Geithner said in his statement that the IMF has a "substantial arsenal of financial resources" that can be used to "supplement" Europe's comprehensive plan.But he added that the IMF resources would be used "alongside a more substantial commitment of European resources." The G20 also pledged to continue working on plans to strengthen the global financial system and contain the risks posed by financial institutions that are deemed too-big-to-fail.The G20 consists of large, industrialized economies such as the United States, Germany, France, Italy, Japan, the United Kingdom and Canada. It also includes emerging economic powers China, India, Brazil and Russia.

Copyright CNN 2011

Source: http://www.clickondetroit.com/money/29494819/detail.html

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PFT: Talks between Brees, Saints slow to crawl

New York Jets v Oakland RaidersGetty Images

The Raiders could eventually be hiring a General Manager.? As multiple sources explain it, however, that plan won?t be put fully into motion until the 2011 season ends, at the earliest.

Per one of the sources, nothing is currently happening now, and nothing has happened in the eight days since the passing of long-time owner Al Davis.? There?s no list of candidates, long or short.? There?s no timetable for getting the job filled.

To the extent the Raiders are interested in persons who currently work for other teams, the Raiders can?t interview or hire any of them until the season ends.? For now, however, the Raiders have made no efforts to reach out to any candidates or to otherwise embark on a search of any kind.

Indeed, it?s possible (not likely or probable) that no G.M. will be hired.? There?s a belief that the football operation currently is functioning at a very high level, as evidenced by the team?s 3-2 record, and the recent trade for linebacker Aaron Curry, the fourth overall pick in the 2009 draft, whom they?ll pay only $370,000 in 2011.

If a G.M. is hired, the G.M. possibly won?t have traditional G.M. powers, given the presence (and rise) of coach Hue Jackson.? The eventual arrangement could resemble? the Mike Tomlin/Kevin Colbert partnership in Pittsburgh, where both men work well together and trust each other, and where both men have considerable influence over the decisions that are made.

A separate question will involve whether Jackson or the G.M. (if a G.M. is hired) has final say over the draft or the roster.? In order to hire a current employee from another front office without the consent of the other team, the G.M. would have to have final say, at least on paper.? But it could ultimately be more of a Bill Belichick or Andy Reid situation, where the coach makes the decisions and a General Manager generally manages to set the table.

For now, the news is that there?s no news.? Yet.? The search will begin at the appropriate time, with no deadlines of any kind place.

Source: http://profootballtalk.nbcsports.com/2011/10/16/talks-between-brees-saints-slow-to-a-crawl/related/

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Obama, Lee to pitch trade deal in Michigan (AP)

ORION TOWNSHIP, Mich. ? President Barack Obama and South Korea's President Lee Myung-bak are promoting a new trade deal by visiting an auto plant in Michigan, a state battered by Asian car imports, in a rare joint appearance outside of Washington by a U.S. president and a visiting head of state.

In choosing General Motors Co.'s Orion assembly plant for a post-state dinner tour Friday, the two leaders will draw attention to an aspect of a U.S.-South Korea trade agreement that had been among the most difficult to negotiate. Congress approved the deal Wednesday after negotiators overcame U.S. auto industry complaints that previous efforts at a deal failed to do enough to lift South Korea's barriers to U.S.-made cars.

Obama is taking Lee to the heart of the region that has been hardest hit by foreign car competition, especially the influx of vehicles like South Korea's Hyundai.

Aides contend Obama drove a hard bargain -- insisting the deal give U.S. automakers a much better shot at selling in South Korea.

"He was willing to walk away from the (deal) because he didn't think it was good enough, strong enough, or provided enough protection for American workers and American businesses," press secretary Jay Carney told reporters as Obama flew to Michigan.

But for Obama, the trip is also an opportunity to highlight the auto industry's resurgence after he engineered an $80 billion government bailout for GM and Chrysler in 2009. The Orion plant, about 30 miles north of Detroit, had been shuttered before the federal government stepped in and helped usher the two carmakers through bankruptcy protection. The plant now is producing the subcompact Chevrolet Sonic and will start production of the compact Buick Verano soon.

The Sonic, the only subcompact sold in the U.S. that is assembled in the U.S., is being built with Korean parts. GM began building the Sonic last year following an agreement with the United Autoworkers that allowed the company to pay some workers lower wages that are more competitive with those in GM's foreign plants. The Sonic's predecessor, the Chevrolet Aveo, was built in South Korea.

All in all, Obama could profit from calling attention to policies aimed at benefitting Michigan, a state that has the third highest unemployment rate in the country at 11.2 percent and which represents an important battleground in his bid for re-election. Obama won the state by a 57-41 margin in 2008, but could face difficulties in the state, especially if his general election opponent is Mitt Romney, whose father was Michigan governor.

The trip also serves as an opportunity to illustrate his special relationship with the South Korean leader. Inviting Lee to the U.S. heartland is an unusual addition to the itinerary of a high-profile state visit. The two men were expected to fly separately to Michigan; once at the plant, both men planned to make remarks.

Lee's is the fifth state visit during Obama's presidency, but the first that has included added travel beyond Washington D.C.

President George W. Bush was more predisposed to travel outside the capital Beltway with foreign leaders. In 2006, he invited Japanese Prime Minister Junichiro Koizumi, an unabashed Elvis Presley fan, to Graceland. In 2001, Bush took Mexican President Vicente Fox to Toledo, Ohio, where the two addressed Hispanic voters the day after their state visit at the White House. The following year, then-Polish President Aleksander Kwasniewski accompanied Bush to a Polish cultural center in the Detroit suburbs.

In addition to the South Korea agreement, Congress approved free trade deals Wednesday with Colombia and Panama. The South Korea deal, which would be the largest since the North American Free Trade Agreement with Canada and Mexico, still must be approved by South Korea's National Assembly_ a vote that Lee said he was confident would succeed.

The South Korea deal alone could expand U.S. exports by $11 billion and support 70,000 jobs, according to the White House. The agreements would lower or eliminate tariffs that American exporters face in the three countries. They also take steps to better protect intellectual property and improve access for American investors in those countries. The last free trade agreement completed was with Peru in 2007.

Many labor groups opposed the deals, but the agreements won wide bipartisan support in part because their passage was linked to legislation to extend aid to workers displaced by foreign competition. Obama had demanded that the worker aid bill be part of the trade package.

Standing with Lee at his side during a press conference Thursday, Obama declared the trade deal "a win for both our countries," adding that he was "very pleased that it'll help level the playing field for American automakers."

Still, five of the six House Democrats from Michigan voted against the trade deal, including Rep. Gary Peters, whose district includes GM's Orion plant. Peters said Obama had helped make the deal fairer to U.S. carmakers, but said he believed the deal would cost jobs in Michigan.

The trade agreement comes as South Korea's Hyundai Motor Co. and Kia Motors Corp. are on track to set U.S. sales records this year. Both companies build car and light truck models in the United States, but also export vehicles to the U.S. market.

Last year, the Ford Motor Co. ran an aggressive ad campaign to improve the trade deal by pointing out that for every 52 cars South Korea exported to the U.S., the U.S. only exported one to South Korea. "We believe in free trade, and this isn't it," Ford said in ads that ran in newspapers across the country.

On Friday, Ford President and CEO Alan Mulally praised the deal, saying it would "open new opportunities for Ford to reach even more Korean customers."

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111014/ap_on_go_pr_wh/us_obama

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iPhone 4S review

This isn't the iPhone 5. No matter how badly you wanted something slim, sleek and wedge-shaped, this isn't it. If you went ahead and got your hopes up ahead of Apple's "Let's Talk iPhone" event, hopefully you've gotten over the pangs of discontent by now, because this device pictured front and center is the iPhone 4S. It's a new spin on an old phone that will shock none, but give it half a chance, and it will still impress.

The iPhone 4S comes with a faster processor, a better camera, a smarter virtual assistant and twice the storage of its predecessor -- if you don't mind paying for it. Like the iPhone 3GS did before to the 3G, the 4S bumps the iPhone 4 down to second-class status, leaving those Apple fans who must have the best aspiring to own its decidedly familiar exterior. Apple says this is the most amazing iPhone ever. Is it? Yes, of course it is, but read on to see whether it's really worth an upgrade.

Continue reading iPhone 4S review

iPhone 4S review originally appeared on Engadget on Fri, 14 Oct 2011 16:15:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ZmfdBWV5q-U/

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Lawmakers attack plan to limit food ads to kids (Reuters)

WASHINGTON (Reuters) ? Republican lawmakers on Wednesday attacked an Obama administration proposal for limiting food advertising to children even as the team behind the plan offered concessions to food and beverage makers.

Fred Upton, chairman of the Energy and Commerce Committee in the U.S. House of Representatives, attacked the Interagency Working Group for failing to produce a study it was asked for and instead proposing last April voluntary limits on food advertisements to children.

"Instead of conducting the study or providing recommendations, the (group) unilaterally proposed guidelines that were so extreme that they would prevent the marketing to children of foods that most parents consider a win if their kids eat -- such as yogurt, cheese sticks and even soup," said Upton at a joint hearing of two subcommittees.

Representative Marsha Blackburn, a Republican said the limits would "suppress free speech."

Representative Henry Waxman said the food industry spent $1.6 billion marketing to kids each year. The Democrat raised questions about assertions that the proposals would mean 700,000 lost jobs.

"It's a way not to have our kids subjected to advertising that they don't know what to do with. They're kids!" said Waxman. "Somebody should do something. If not government suggesting ideas, will industry act on its own?"

Food, beverage and restaurant companies, which are under scrutiny for contributing to rising childhood obesity rates, oppose the administration's attempts to limit ads to children.

About 17 percent of U.S. children aged 2-19 are obese, according to data on the CDC website. Nearly one in three U.S. children are overweight and rates are rising quickly.

The working group, which includes the Food and Drug Administration, Centers for Disease Control and Prevention, the Agriculture Department and the Federal Trade Commission, said in April that companies should end all food advertising to children unless they promote healthy fare, such as whole grains, fresh fruits or vegetables.

Under that proposal, salty, fatty or very sweet foods or foods with trans fats would no longer be advertised to children aged 17 or under.

But in testimony from the Agriculture Department, Dr. Robert Post backed a program from the industry's Children's Food and Beverage Advertising Initiative (CFBAI).

"Overall, the CFBAI standards present, in many respects, a reasonable set of criteria to consider for revising the... draft proposal," said Post.

The industry effort would ensure that at least half of all advertising to children would tout healthier foods.

Food companies also say they have cut the amount of sugar, far and calories in some products.

The FTC also weakened its recommendations.

David Vladeck, head of the FTC's Bureau of Consumer Protection, said the group would exempt older children from the guidelines and limit recommendations to children 11 and under.

It also excluded from the proposal advertising aimed at a general audience and advertising that was part of charitable or community events. It would not recommend banning clowns and cartoon characters, such as Ronald McDonald and SpongeBob SquarePants, used to advertise unhealthy foods.

Advertisers, who also are lobbying against the proposals, welcomed the changes, but said industry should be left to regulate itself.

The Obama administration, with its goal of containing healthcare costs, has emphasized children's health. First Lady Michelle Obama's "Let's Move" campaign has pushed children to eat healthier food and exercise more.

(Reporting by Diane Bartz in Washington and Lisa Baertlein in Los Angeles. Editing by Robert MacMillan)

(This story deletes reference in fourth paragraph to Waxman supporting an advertising ban from previous story; Waxman has not endorsed a ban)

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/nm/20111014/hl_nm/us_advertising_children

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Johnny Depp Loses Shirt, Possibly Mind In Exclusive 'Rum Diary' Poster

Welcome to Puerto Rico, where hotel rooms were made to be trashed, a couple hundred miniature bottles of booze can disappear down your gullet overnight, and you might wake up in your boxer shorts with a tsunami-sized hangover and the vague recollection that you've probably made some exceedingly poor decisions in the recent past. OK, a [...]

Source: http://moviesblog.mtv.com/2011/10/13/johnny-depp-rum-diary/

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