Monday, 10 March 2014

SKorea, Canada reach free trade agreement


South Korea and Canada reached a free trade agreement Tuesday that the two governments hope will boost exports and investment.


After more than nine years of negotiations, the two countries said they would remove tariffs on most goods within a decade of the pact taking effect.


Canada agreed to eliminate tariffs on South Korean autos within two years of the deal being ratified. South Korea will reduce tariffs on Canadian beef over 15 years, according to South Korea's statement.


It is Canada's first free trade agreement with an Asian nation. Much of Canada's trade is with the United States due to a North American free trade area formed in 1994 with the U.S. and Mexico.


South Korea said the deal is expected to boost Hyundai, Kia and other South Korean auto brands in Canada, which is South Korea's fifth-largest market for exported vehicles.


Last year, South Korean automakers had a combined 12 percent share of the Canadian auto market compared with 34 percent for Japanese brands and 45 percent for American autos.


The deal will also eventually help Canadian farmers and ranchers that compete with the U.S. and Australia to woo consumers in South Korea, a major meat importer. The two countries agreed to phase out tariffs on most meat and agricultural products imported to South Korea. Seoul currently imposes 40 percent tariffs on Canadian beef.


South Korea has opened its meat market to the U.S. with a free trade agreement that went into effect about two years ago. The country, Asia's fourth-largest economy, also signed a free trade deal with Australia, a major meat exporter, last month and is in trade talks with New Zealand.


South Korean farmers and ranchers have been opposed to the pact with Canada since the beginning of the talks in 2005.


But the focus of domestic opposition to free trade has recently been on a possible deal between South Korea and China and South Korea's steps toward joining a U.S-led pact covering more than a dozen Pacific Rim nations, said Park Hyung-dae, a director at a national union of farmers.


South Korean President Park Geun-hye sees trade as crucial for boosting growth and employment.



Del. gambling panel works on recommendations


A panel examining how to keep Delaware's gambling industry competitive is still working on a list of recommendations to submit to lawmakers.


The commission, which meets Tuesday in Dover, originally was supposed to submit its findings and recommendations by Jan. 31. But an inability to reach a consensus on certain proposals and the desire by some members to obtain more information has delayed the commission's report.


A key issue for the panel is how much of a hit the state general fund should take in order to give a financial break to Delaware's three casinos, which have steadily lost business to neighboring states despite the addition of table games, sports betting and online gambling.



Oil falls to around $101 after China, Japan data


The price of oil fell below $102 on Monday after a surprise drop in China's exports and weaker economic growth in Japan suggested demand for crude could weaken.


Benchmark U.S. crude for April delivery was down $1.18 to $101.40 per barrel at 0810 GMT in electronic trading on the New York Mercantile Exchange. On Friday, the contract rose $1.02 to close at $102.58 after strong U.S. employment figures for February. Brent crude, used to set prices for international varieties of crude, was down 90 cents to $108.11.


China's customs data showed over the weekend that exports plunged by an unexpectedly large 18 percent last month. Robust trade is crucial in helping China achieve its official economic growth target of 7.5 percent for this year. However, exports in February last year might have been overstated by exporters inflating sales figures as an excuse to evade currency controls and bring extra money into China.


Japan revised down its growth estimate for the final three months of last year after announcing a record current account deficit for January. Japan's Cabinet Office said both private and public demand was lower than its earlier estimate.


Oil prices surged last week due to severe winter in the U.S. that raised demand for hitting oil and tension over Russia's military incursion into Ukraine's Crimean peninsula.


In other energy futures trading on Nymex:


— Wholesale gasoline fell 2.5 cents to $2.949 per gallon.


— Heating oil shed 3 cents to $2.982 per gallon.


— Natural gas was down 4.7 cents to $4.571 per 1,000 cubic feet.



Study: 2 percent of Americans have new hips, knees


It's not just grandma with a new hip and your uncle with a new knee. More than 2 of every 100 Americans now have an artificial joint, doctors are reporting.


Among those over 50, it's even more common: Five percent have replaced a knee and more than 2 percent, a hip.


"They are remarkable numbers," said Dr. Daniel J. Berry, chairman of orthopedic surgery at the Mayo Clinic. Roughly 7 million people in the United States are living with a total hip or knee replacement.


He led the first major study to estimate how prevalent these procedures have become, using federal databases on surgeries and life expectancy trends. Results were reported Tuesday at an American Academy of Orthopaedic Surgeons conference in New Orleans.


More than 600,000 knees and about 400,000 hips are replaced in the U.S. each year. But until now, there haven't been good numbers on how many people currently are living with new joints. The number is expected to grow as the population ages, raising questions about cost, how long the new parts will last, and how best to replace the replacements as they wear out over time.


Why the boom?


"People are aware that they're a success" and are less willing to put up with painful joints, Berry said.


The term "replacement" is a little misleading, said Dr. Joshua Jacobs, chairman of orthopedic surgery at Rush University Medical Center in Chicago and president of the orthopedic surgery association. What's replaced is the surface of a joint after cartilage has worn away, leaving bone rubbing against bone and causing pain and less mobility.


In a replacement operation, the ends of bones are removed or resurfaced and replaced with plastic, ceramic or metal materials.


Arthritis is the main reason for these operations, followed by obesity, which adds stress on knees and hips. Baby boomers are wearing out joints by playing sports and doing other activities to avoid obesity. Knee replacement surgeries have more than tripled in the 45-to-64 age group over the last decade and nearly half of hip replacements now are in people under 65, federal numbers show.


"It's not for anybody who has pain in the joint," Berry warned. Surgery won't help people with pain and stiffness from arthritis but whose joints are not damaged, said Berry, who gets royalties from certain hip and knee implants.


Surgery also is not for people who haven't first tried exercise, medicines and weight loss, Jacobs said.


But for a growing number of people, it can mean a big improvement in quality of life. Mary Ann Tuft, 79, who owns an executive search firm, said her right knee was painful for a decade before she had it replaced in 2005.


"I live in downtown Chicago, take a lot of walks along the beach. I could barely walk a block" by the time the operation was done, she said. "I'm very social, but I found going to cocktail receptions where you had to stand a long time, I would just avoid them."


After the operation, "I felt better pretty much right from the beginning," she said. "You don't even know you have it in there, which is amazing."


Cynthia Brabbit, a dental hygienist from Winona, Minn., had hip replacement in 2007 when she was 52. She developed hip problems in her 20s that distorted her gait and even caused one leg to grow longer than the other.


"I was running marathons, doing half marathons, playing tennis," but the problem grew so bad she couldn't even walk more than half a mile, she said.


"Now I can walk an hour a day," and is training for a 100-mile bike ride this summer, she said. "What a world of difference."


Not all patients have fared as well, though. Implant recalls and big patient lawsuits show the danger when a device is flawed.


Last June, Stryker Corp. recalled certain hip implant products because of corrosion and other problems. Last month, another device maker, Biomet, agreed to pay at least $200,000 each to hundreds of people who received artificial hips that were later replaced.


And in November, Johnson & Johnson agreed to pay $2.5 billion to settle roughly 8,000 patients' lawsuits over an all-metal hip implant it pulled from the market in 2010.


Even good implants can fail over time — about 1 percent or fewer fail each year. After 10 years, more than 90 percent of them are still functioning, Jacobs and Berry said.


It costs about $20,000 for a knee or hip replacement, but a recent study suggests they save more, because they reduce lost work days and improve mobility.


"There's a cost for not doing the procedure," Jacobs said.


To help a joint replacement succeed and last, doctors recommend doing physical therapy to strengthen bones, muscles and the new joint. Other tips include maintaining a healthy weight, cross training so you don't overdo one type of activity or sport, spending more time warming up and letting muscles and joints recover between workouts.


--


Online:


Consumer info: www.orthoinfo.org


and http://bit.ly/1lQJ7UR



China may ax interest rate controls within 2 years


China's central bank governor has said Beijing might finish the process of easing controls on interest rates within two years and market forces will set the pace for use of its tightly controlled currency abroad.


Zhou Xiaochuan spoke at a news conference during the annual meeting of China's legislature, at which communist leaders have announced plans to make the economy more market-oriented and productive.


The central banker said ending controls on rates paid by banks to savers would be the last step in easing interest rate controls. He said he expects that to come in one to two years.


Zhou said the central bank wants market forces to determine the pace at which China's yuan is used for international trade and investment.



Canada PM in South Korea for expected trade deal


Canada's prime minister has traveled to South Korea, where he is widely expected to announce a free-trade deal.


A South Korean delegation greeted Prime Minister Stephen Harper on Monday in Seoul.


There's no word yet on whether Harper plans to sign the final text of a free-trade deal with South Korea or is simply going to announce an agreement-in-principle in a staged photo-op.


A free-trade agreement with South Korea — which Harper says is a gateway to deals with other Asian countries — has been a decade in the making.


One major sticking point is the auto sector, with Canada having a 6.1 percent tariff on car imports.


Critics fear that if it is removed, the Canadian market would be flooded with Korean-made brands such as Hyundai and Kia.



Greenville chief financial officer balances life


Her desk and office are immaculate, with nothing out of place. Her appearance and demeanor speak of someone accustomed to order and organization.


But it's when she leaves the office that things get messy, when the overflow of love and kindness and giving overtake that orderly, professional air.


Bernita Demery is an eastern North Carolina native and has been Greenville's chief financial officer and director of financial services for the city since 1989. She is the first black to hold the position. She balances a multimillion dollar budget for the city and wins awards for doing so.


Her hands folded neatly on her shiny desk do not betray the spirit of a woman who has opened her home to seniors and the youth from her church. Only a few framed photos offer insight into a life of a mother who woke up her children in the morning singing hymns and now takes children who are not her own to see the ocean for the first time.


"I want them to remember when they grow up to lift somebody else up," Demery said. "One of my mottos in life would be, 'If I can help somebody else as I pass along the way, that my living would not be in vain.'"


Demery said she is trying to build a legacy of hard work and hard-fought success balanced by a life brimming with joy and love.


Demery and her husband of 30 years, Ricky, have been members of Cornerstone Missionary Baptist Church since 1988. She is dedicated to serving the youth ministry.


When she's not conducting business at City Hall or in the sometimes-grueling sessions with City Council, she can be found on a Wednesday taking kids to the movie theater then back to her house for birthday cake.


"We've learned more that it's not bragging to bring people in our home," she said. "It's not a showoff as some people may think. It has blessed some children. They need to see how you live, they need to see what you do, because then it becomes possible for them."


Demery joked that it's often difficult for her to leave church each Sunday without bringing kids home for movies, meals and fun.


Beach trips that started with her daughters and their friends have evolved into trips with kids from the church, she said. For some of them, it has been their first time to see the ocean.


It's among many experiences she believes kids should have, and she and her husband are more than happy to help make happen.


Demery, 51, was raised by a single mother — the daughter of a sharecropper — and was the youngest of five children. Demery described her "tough, resilient" mother who worked at a sewing factory for 21 years to support her family.


"She never missed a day of work; she was never late for work," Demery said. "Our household was clean and neat and we were always clean and neat and she did not want us to be on welfare. Although the lady from the welfare office would come and visit us and tell her she could get a bigger check than she got from going to work at the sewing factory, she said no. She'd dress us up and say we were doing just fine."


The Halifax County native described a sick day while in elementary school when her mother brought her to the factory. From a seat in the cafeteria, she watched her mother work furiously.


"I never knew before that day why she would come home so exhausted. But that day I saw what my mother did all day," she said. "It almost makes me cry now to know that's how hard she had to work and she still made sure we had a happy home and that we enjoyed life."


Demery said her past keeps her humble and helps her appreciate that anything is possible through hard work and perseverance.


"I do want the youth to appreciate the little things in life," Demery said, "and know that they can do whatever they want, be what they want to be, whatever they dream of becoming. The sky is the limit. The only limits are those they put on themselves."


With degrees from East Carolina University and North Carolina A&T State University, Demery has nearly 26 years of experience in government and financial management.


She was among the area's first black CPAs and said she faced discrimination based on her race and her gender. Those interactions were exacerbated when Demery took on leadership roles, but the hardships made her more determined to succeed, she said. Now, thankfully, more people value diversity, she said.


Demery said she would love to see future generations know more about how to manage their money and how to, once they become successful, sustain that success by making good choices.


"If there's anything I would like to leave, it would be a legacy of financial freedom," she said.


In the black community, Demery said there's still work to be done "in building our own legacies, building our own wealth. I think other races have made maybe more strides than we have in this country with it being OK for us to build wealth with each other."


After she completes 30 years in local government, Demery said she hopes to open her own company for government and nonprofit auditing, with a further focus of greater financial literacy in the community.


A large part of the legacy Demery hopes to leave behind is already growing in her daughters. Requita is in her second year of medical school at East Carolina University's Brody School of Medicine. Bridget attends North Carolina A&T and is majoring in accounting.


"They are a great example of what I think a great young woman should be like," Demery said.


But Demery said she has no plans to slow down any time soon, and the best is yet to come for her in both her professional and personal endeavors.


"I don't believe Greenville or the world or the community has seen all that I can be," she said.



Horn Lake declines to expand live advertising


After studying the issue, the Horn Lake's Planning Commission decided against recommending changes to aldermen that would make it easier for businesses to use live advertising to promote their services and products.


The issue has become a topic of discussion in Horn Lake each year about this time for several years because of a local tax preparation service, Liberty Tax, which uses employees dressed as the Statue of Liberty to woo passers-by into the business at the busy intersection on U.S. 51.


The Commercial Appeal reports (http://bit.ly/1h6cxbX) Horn Lake zoning ordinances limit the use of live advertising to four occurrences per year, a maximum of eight hours per occurrence, and the advertisers must stay at least 20 feet from the curb. Also, there's a $20 fee for each occurrence.



American Air says asset sales totaled $381 million


The CEO of American Airlines says his company is getting $381 million from selling takeoff and landing rights at New York's LaGuardia Airport and Reagan National Airport outside Washington.


Doug Parker said his airline was paid more than it expected to get for the rights — called slots — at the busy airports.


The U.S. Justice Department put a higher figure — more than $425 million — on American's gain. Parker said that the government might have added the value of slots that American picked up at New York's Kennedy Airport, "That's their valuation, not ours." The Justice Department did not immediately comment.


In comments filed Monday in federal district court in Washington, the Justice Department said the value of the slots proved that it drove a hard bargain last year when it settled its antitrust lawsuit against the merger of American and US Airways. The airlines agreed to give up some of their slots at LaGuardia and Reagan and two gates each at airports in Los Angeles, Chicago, Boston, Miami and Dallas.


The Justice Department said that American's sale of the LaGuardia slots to Southwest Airlines Co. and Virgin America is complete, while the transfer of Reagan slots to Southwest, JetBlue Airways Corp. and Virgin America is expected to wrap up soon. Each airline had announced that it won bidding for the slots, but the sale prices were not disclosed. American traded some of the Reagan slots to JetBlue for slots at Kennedy Airport, a deal that Parker said was underway before the lawsuit.


Slots at Reagan, LaGuardia, Kennedy and the Newark, N.J., airport are limited by the government, making them valuable when they hit the market. A pair of slots is needed for each round-trip flight.


Parker told an investor conference in New York that the slots had been recently appraised at $225 million, so getting $381 million was "great news."


Consumer groups, lawmakers, the Detroit airport and Delta Air Lines Inc. lodged complaints about the settlement.


Some consumer groups complained that the settlement didn't go far enough to protect travelers. Delta argued that the government was wrong to say that so-called legacy carriers — United Airlines is another — shouldn't get any of the slots and gates that American is selling. Delta wants Reagan slots and gates at Dallas Love Field.


The Justice Department said that after reviewing public comments, it still believes that the settlement will offset any lost competition from allowing the nation's third-biggest and fifth-biggest airlines to combine. The merger made American Airlines Group Inc. the world's biggest airline operator.


Federal law requires a 60-day public-comment period after the government settles an antitrust lawsuit. Even critics of the merger had low expectations that their complaints would change the outcome, however.



Minerals Technologies wins bidding war for Amcol


Minerals Technologies Inc. has won a bidding war to acquire minerals and oilfield services company Amcol International Corp. for about $1.49 billion, the companies said Monday.


The deal will bring together two industry leaders to create a stronger U.S.-based international mineral supplier, they said.


Minerals Technology agreed to pay $45.75 per share for Hoffman Estates, Ill.-based Amcol. FactSet said Amcol has about 32.5 million shares outstanding.


In turn, Amcol has ended its plans to be acquired by French minerals producer Imerys for $45.25 per share, or $1.47 billion. Amcol said it has paid a $39 million fee for ending the Imerys deal.


Imerys declined to comment Monday.


Imerys and Minerals Technologies have been bidding on Amcol since February. Minerals Technology first bid $42 per share for the company, raising its offer several times as the bidding escalated.


The deal has been approved by boards of Minerals Technology and Amcol and is expected to close in the first half of 2014.


Mineral Technologies said that including debt, the value of the deal is $1.7 billion.


Minerals Technology, based in New York, makes mineral and synthetic mineral products. The companies expect the deal will immediately add to Minerals Technology's earnings after adjusting for acquisition costs and charges.


Shares of Minerals Technology increased $3.77, or 6 percent, to $57.68 in afternoon trading Monday. Amcol shares, which have increased since the bidding began, fell 94 cents, or 2 percent, to $45.72.



Americans riding public transit in record numbers


Americans are boarding public buses, trains and subways in greater numbers than any time since the suburbs began booming.


Nearly 10.7 billion trips in 2013, to be precise — the highest total since 1956.


The new numbers come from the American Public Transportation Association.


Transit ridership has now fully recovered from a dip caused by the Great Recession. With services restored following economy-driven cutbacks, the numbers appear set to continue what had been a steady increase.


Expanding bus and train networks help spur the growth, as does the nation's urban shift.


The sprawling city of Houston had a large ridership gain. So did Los Angeles, Seattle, Miami, Denver and San Diego.


The New York area's behemoth transit network saw the greatest gain, accounting for one in three trips nationally.



American dropped 14,000 Feb. flights due to storms


American Airlines and US Airways canceled more than 14,000 flights last month — more than double the rate from a year earlier — as winter storms disrupted air travel.


American Airlines Group Inc. said Monday that the cancelations hurt first-quarter profit, but it didn't give a figure. The company said it expects to give more details in early April.


Despite the storms, the company said, a key figure of revenue for every seat flown one mile rose between 2 percent and 4 percent in the first quarter. That statistic rises when an airline fills more seats or raises average fares.


American and US Airways canceled about 28,000 flights in the first two months of the year, up 164 percent from the same period in 2013 as storms hit hubs in Chicago, Dallas and elsewhere.


Despite the cancelations, traffic rose 0.5 percent, as passengers flew 15.08 billion miles last month, up from 15.01 billion in February 2013.


American and US Airways boosted capacity by 0.8 percent, so the average flight was a bit less crowded; 78.4 percent full, down from 78.7 percent a year earlier. All of the capacity increase was on international flying.


Shares of Fort Worth-based American rose 69 cents, or 1.8 percent, to $39.71 in morning trading. They began Monday up 55 percent so far in 2014.



Va. taking long-term review of NC coal ash spill


Virginia is examining any potential long-term environmental damage from a North Carolina coal ash spill on the Dan River and will hold Duke Energy "fully accountable" if any is found, the director of the Virginia Department of Environmental Quality said Monday.


The department said sampling of public drinking supplies in Danville and South Boston have met or exceeded state and federal safe-drinking standards. The department now is turning to additional monitoring of water supplies and aquatic life to assess any damage over a period of several years.


The news from Director David K. Paylor was welcomed in Southside, a section of the state where the Dan River meanders along the North Carolina-Virginia state line and is a source of drinking water for Danville and South Boston.


Andrew Lester, executive director of the Roanoke River Basin Association, said while the river has shed the visible pollution of the Feb. 2 spill, mollusks and other marine life have washed up on the banks of the river since then.


"We don't know what that's coming from. We don't know if the ash is killing them or something else is going on," he said. "It's unusual to see."


The environmental department said its long-term monitoring with the federal government includes bottom-dwelling organisms that are part of the food chain. Bald eagles are among the many species that are part of that chain.


The monitoring will also seek to identify so-called heavy metals linked to the spill accumulated in fish tissue. Coal ash contains hazardous chemicals that include arsenic, lead and mercury. The results of that testing is expected soon.


The spill occurred in Eden, N.C., about 10 miles from Virginia, when a storm-water pipe running beneath a 27-acre coal ash dump collapsed. The spill coated 70 miles of the Dan River with a toxic gray sludge.


Last week, a federal judge said Duke Energy must take immediate action to eliminate sources of groundwater contamination at its coal ash dumps. The ruling came from a complaint filed before the Eden spill.


Paylor said the Virginia monitoring is aimed at ensuring the long-term health of the Dan River following the Eden spill.


"We intend to hold Duke Energy fully accountable," he said in a statement. "It is likely that several years of monitoring will be required and we want to ensure that people and the environment remain protected."


In cooperation with other state agencies, the environmental department is:


— Compiling historical monitoring data from the Dan to compare its water quality post-spill.


— Collecting water and sediment samples from the North Carolina line to an area southwest of South Boston.


— Posting signs along the river advising visitors to limit contact with coal ash.


Lester said local officials simply don't know all the implications of the spill.


"At this point we just don't have a good handle on the long-term impacts of this stuff," he said. "We just don't know."


On Friday, Attorney General Mark R. Herring said he met with Duke Energy representatives to learn more about the spill, what Duke is doing to ensure it isn't repeated and how the utility will take responsibility for short- and long-term impacts.


"We're glad to see that both the attorney general's office and the DEQ are taking an active stance in this whole issue," Lester said. "It's one of the biggest issues the state has faced in a long time."


Gov. Terry McAuliffe and members of his Cabinet have also contacted Duke and North Carolina officials and attended public meetings in Southside.



Steve Szkotak can be reached on Twitter at http://bit.ly/1fmqJj3.


'Burger King baby' now seeks birth mom on Facebook


In 1986, a newborn wrapped in a red sweater was found abandoned in the bathroom of a fast-food restaurant. Nearly three decades later, the baby is all grown up and looking for her biological mother, and tens of thousands of people are trying to help.


Katheryn Deprill began her quest on March 2 by posting a photo on her Facebook page in which she held up a sign that said, "Looking for my birth mother. ... She abandoned me in the Burger King bathroom only hours old, Allentown PA. Please help me find her by sharing my post."


Deprill, a 27-year-old married mother of three, figured the photo would be reposted by friends, maybe friends of friends. A week later, it's been shared nearly 27,000 times by Facebook users around the world. Deprill's story is rocketing around the media world, too.


But there's still no sign of the mystery woman who left her in a restaurant bathroom.


Deprill, an EMT who lives outside Allentown in South Whitehall Township, said there's so much she wants to tell her birth mom.


"Number one is, I would really like to say, 'Thank you for not throwing me away, thank you for giving me the gift of life, and look what I've become,'" Deprill said Monday.


She'd like to know her family medical history, as well. And she has so many questions about the circumstances of her birth and abandonment.


"What made her do it? Why did she feel that she shouldn't leave me at a hospital? Was she going through a horrible time?"


Deprill learned about her abandonment as a 12-year-old, when her sixth-grade teacher assigned the class to a project focusing on the students' family backgrounds. Deprill came home and demanded answers from her adoptive parents, Brenda and Carl Hollis. They slid a scrapbook in front of her that held newspaper clippings from 1986.


The articles explained how a Burger King patron had heard a baby's cries and discovered Katheryn on the bathroom floor. How a restaurant worker then called police. How police were trying to track down the mother.


"I comprehended it, but it still didn't sink in that it was me, that a mother could just lay her baby down and walk away. That is just mind-blowing to me," Deprill said.


She launched her search with the blessing of her parents. In fact, it was her mother who suggested holding up a sign and posting it on social media.


Deprill said she is "definitely not looking to replace my brothers and sister nor my adoptive parents, because I've had the best life. It was the best childhood ever."


At the same time, "I would really like to see somebody who looks like me, and maybe I have (biological) brothers and sisters. ... I'm really frustrated. I just wish I knew more about her."


Some people have told Deprill that her birth mother is unlikely to come forward for fear of being prosecuted. But Lehigh County District Attorney Jim Martin said there's a two-year statute of limitations on child abandonment.


"Even if that were not the case," he said via email, "I believe most DAs would exercise sound discretion and not prosecute someone under these circumstances."



Michigan bill allows local stock exchanges


Michigan cities are getting behind legislation to create local stock exchanges allowing residents to invest in smaller businesses.


The bill sponsored by Republican Rep. Nancy Jenkins of Clayton is designed to complement a "crowdfunding" law Gov. Rick Snyder signed in January. Crowdfunding websites let people raise money from donors for projects.


The Michigan Municipal League says legislators have a chance to help make communities more prosperous and send a message that Michigan is pro-business to entrepreneurs.


The legislation is designed to help smaller companies not big enough to qualify for larger exchanges like the New York Stock Exchange.


Jenkins says her bill lets people "invest in Main Street rather than Wall Street" and has the potential to boost local pride.


---


Online:


House Bill 5273: http://1.usa.gov/NI796m



Gas up 2 cents in Rhode Island to $3.57 a gallon


Gasoline prices in Rhode Island have climbed 2 cents in the last week.


The weekly price survey released Monday by AAA Southern New England found the average cost of a gallon of regular self-serve is $3.57.


Rhode Island prices are up 11 cents from a month ago. The current local price is 8 cents higher than the national per-gallon average of $3.49.


Rhode Islanders were paying 21 cents more on average, or $3.78 a gallon, a year ago at this time.


The AAA survey found prices ranged from a low of $3.47 a gallon to a high of $3.71 a gallon.



Rates unchanged in weekly US Treasury auction


Interest rates on short-term Treasury bills were unchanged in Monday's auction.


The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.050 percent, unchanged from last week. An additional $23 billion in six-month bills was auctioned at a discount rate of 0.080 percent, also holding steady from week.


The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.74 while a six-month bill sold for $9,995.96. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.081 percent for the six-month bills.


Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, was 0.12 percent last week, up from 0.10 percent the previous week.



Mexico probes soccer team in Citigroup fraud case


Mexican authorities are investigating whether the owner of a Mexican oil services company that allegedly defrauded Citigroup used his professional soccer team to launder money.


An official with the Attorney General's Office says Amado Yanez owns Oceanografia SA de CV and the White Roosters, a Queretaro-based team in Mexico's first division soccer league.


The official said Monday that fiscal authorities are reviewing the team's financial and administrative structures. He agreed to discuss the investigation only if granted anonymity because he was not authorized to publicly discuss the case.


Authorities are also investigating Oceanografia after it allegedly overstated by $400 million the business it was doing with Mexico's state-owned oil company to get loans from Banamex, Citigroup's largest Mexican bank.


Oceanografia was suspended from getting more Pemex contracts in February.



Sbarro files for bankruptcy protection again


Sbarro has filed for Chapter 11 bankruptcy reorganization for the second time in just three years as the pizza chain struggles to turn its business around amid a drop in traffic at shopping mall food courts.


The bankruptcy filing on Monday comes after the company shuttered 155 of its U.S. locations last month. The Melville, N.Y., company still has about 800 locations globally, half of those in North America.


The pizza chain isn't alone in hurting from the decline in traffic at shopping malls. Earlier this year, the owner of Hot Dot on a Stick also filed for bankruptcy protection, citing the negative impact from the trend.


Sbarro is working to balance out its portfolio of mall-based stores with a new concept called "Pizza Cucinova" that lets people build their own pizzas, company spokesman Jonathan Dedmon said in an email. There are two locations of the new restaurant in Columbus, Ohio, and a third planned for Cincinnati in the summer, Dedmon said.


Sbarro is also trying to update its image for serving re-heated pizza at a time when people are increasingly reaching for foods they feel are fresh and wholesome. Dedmon said the chain has been "emphasizing freshness and quality" of its pizza.


Sbarro first filed for bankruptcy protection in April 2011 and emerged a few months later, saying that it significantly cut its debt and received a capital infusion. A new CEO then led a push to revitalize the chain's image by touting new recipes and ovens. But the efforts apparently didn't take hold.


The company says its latest strategy of store closings and balance sheet restructuring will slash debt by more than 80 percent and improve its profitability. It said its filing is designed to "allow for a quick exit from bankruptcy" as it executes a broader plan developed by the new management team.



Last call: The health overhaul's March 31 deadline


Uninsured Americans face an important deadline at the end of this month, and many don't realize it.


March 31 is the last day to sign up for health insurance coverage and avoid a penalty for failing to obtain insurance for 2014 under the federal health care overhaul.


The Obama administration says about 4 million people have signed up so far through the overhaul's insurance exchanges, which allow customers to buy coverage with help from income-based tax credits or subsidies. The percentage of those customers who were previously uninsured is unclear.


Only 24 percent of the uninsured polled last month by the Kaiser Family Foundation knew that March 31 is the deadline. Some 5 percent thought the deadline had already passed, and another 2 percent thought there was no deadline, according to the nonprofit foundation, which studies health care issues.


Make no mistake, there is a deadline. Here are answers to five frequently asked questions as the deadline approaches.


1. WASN'T THERE A DECEMBER DEADLINE TO SIGN UP?


Yes. If you wanted coverage that started Jan. 1. Insurance coverage generally starts the first day of the month, and insurers need a couple of weeks to process applications. So those who want coverage that starts April 1 should submit an application no later than March 15.


If you sign up between March 15 and March 31, your coverage probably won't start until May.


2. WHAT HAPPENS IF I BLOW THIS MARCH 31 DEADLINE?


There are a couple ways you could be hurt financially.


The first, and most obvious, is by paying a tax penalty based on the size of your annual household income. That can amount to a penalty of either $95 per adult and $47.50 per child under 18, which tops out at $285 per family, or a penalty totaling 1 percent of taxable annual income, whichever is greater.


That 1 percent could translate into a penalty totaling several hundred dollars depending on how much you make above the minimum gross income level required for filing a tax return. For instance, an individual who earns $50,000 could face a $400 penalty based on the 2013 minimum gross income level of $10,000 for an individual.


There are several exceptions to this coverage requirement and the fine that comes with it, noted Jennifer Tolbert, a health care overhaul expert with Kaiser. One of the biggest is for people who can't find coverage that costs less than 8 percent of their taxable annual income.


The mandate to obtain health insurance also provides a three-month grace period, so anyone uninsured for less than three months in 2014 won't have to make this payment. Those who are uninsured for part of the year pay a penalty based on how many months they are uninsured.


The other financial risk comes from incurring a big medical expense without coverage. A doctor's visit can cost more than $100, and the price for a major surgery, like a joint replacement can stretch into six figures.


3. WHEN WILL I HAVE ANOTHER CHANCE TO SIGN UP?


You may have to wait until next fall to sign up for coverage that starts in 2015. That's unless you have a major change in your insurance needs triggered by events such as a move to another state, marriage, divorce, the birth of a child or the loss of a job.


The next open enrollment period is scheduled to run from Nov. 15, 2014 to Jan. 15, 2015.


4. WHAT ARE THE TYPICAL OPTIONS I MIGHT HAVE FOR COVERAGE?


Individual insurance plans are sold based on four coverage levels - bronze, silver, gold and platinum - that correspond to the extent of the insurance provided. Basically, bronze-level plans will come with a lower up-front cost or premium, but the patient will have to pay more out of pocket before the coverage starts.


Income-based tax credits are available to help cover the premium for individuals or families making up to four times the federal poverty level. That equates to an income of $95,400 for a family of four in all states except Alaska and Hawaii.


Shoppers can use those when buying coverage through government-run health insurance marketplaces set up for the overhaul.


A word of caution about these subsidies: They are based on the applicant's estimate of his or her modified, adjusted gross income. Those who estimate too low, and wind up with a bigger subsidy than they deserve, may have to pay some of it back.


5. HOW CAN I SIGN UP?


The federal government's website, HeathCare.gov, provides links to apply for coverage. It also offers tips and information about coverage options.


That website endured a rocky debut last fall, when frequent crashes and other technical problems left many customers frustrated. But government officials say those problems have been largely cleaned up.


Applicants who make too much to qualify for significant subsidy help should look beyond these government-run exchanges for more options. An insurer may sell gold- or silver-level plans on a state's exchange and then offer a platinum-level plan off the exchange.


Independent insurance brokers can help sort out these choices.



Court upholds hiring of outside counsel


Attorney General Buddy Caldwell acted within his authority when he approved the hiring of outside legal help in a lawsuit filed by the Louisiana Flood Protection Authority-East against almost 100 oil and gas companies for alleged damage to coastal wetlands.


State District Judge Janice Clark issued the ruling on Monday in Baton Rouge, The Advocate reported (http://bit.ly/1kI0Hub).


A lawsuit filed in December 2013 by the Louisiana Oil and Gas Association alleged the levee authority is a state agency that operates under the state Coastal Protection and Restoration Authority.


The lawsuit argued the levee board did not have the authority to hire outside counsel and instead should be represented by the attorney general.


Clark's ruling signaled the court recognizes the levee board as a political subdivision like a parish and has the authority to hire outside attorneys, said Lori Mince, who represented the levee board.


In a statement, the oil and gas association said is strongly disagree with Clark's ruling and plans to file an appeal.



FMC plans to separate into 2 publicly companies


Chemical company FMC Corp. said Monday that it plans to separate into two publicly traded companies.


The "New FMC" will include the agricultural and health and nutrition businesses, while "FMC Minerals" will include the current minerals segment that houses the alkali chemicals and lithium businesses.


Its shares briefly rose to an all-time high.


President, CEO and Chairman Pierre Brondeau said in a statement that FMC believes that the separation will allow each company to pursue its own strategy.


"This will give each company greater focus on the success factors that are most important to its business and allow the adoption of a capital structure that is appropriate to its business profile," he said.


The separation plans still need final board approval.


Brondeau will lead "New FMC," while a CEO for "FMC Minerals" will be announced in the coming months, FMC said.


Based on the midpoint of FMC's February 2014 outlook, the company said "New FMC" is expected to generate earnings of about $815 million this year on about $3.35 billion in revenue while "FMC Minerals" should generate earnings of about $153 million on revenue of $1 billion this year.


FMC said that it anticipates the separation being completed in early 2015. Each company is expected to list on the New York Stock Exchange.


FMC shares climbed $5.19, or 6.7 percent, to $83.06 in morning trading after hitting a high of $83.94 earlier in the session. That was its highest ever, according to FactSet.



Black Twitter growing into online force

The Associated Press



The hashtag gave it away.


When a Florida jury convicted Michael Dunn of attempted murder, but not actual murder, in the shooting death of black teenager Jordan Davis, the hashtag #dangerousblackchildren popped up on Twitter. Users posted photos of black babies and toddlers, spoofing the fear that Dunn testified he felt before opening fire on a carful of teens at a convenience store.


That hashtag was the calling card of Black Twitter, a small corner of the social media giant where an unabashedly black spin on life gets served up in 140-character installments.


Black Twitter holds court on pretty much everything from President Barack Obama to the latest TV reality show antics. But Black Twitter can also turn activist quickly. When it does, things happen — like the cancellation of a book deal for a juror in the George Zimmerman trial, or the demise of Zimmerman's subsequent attempt to star at celebrity boxing.


Catchy hashtags are a hallmark and give clues that the tweeting in question is a Black Twitter thing.


"It's kind of like the black table in the lunchroom, sort of, where people with like interests and experiences, and ways of talking and communication, lump together and talk among themselves," said Tracy Clayton, a blogger and editor at Buzzfeed known on Twitter as @brokeymcpoverty.


Black Twitter is not a special website or a smartphone app. The hashtag #blacktwitter itself won't necessarily lead you to it. It doesn't exactly stick out among the trending topics on Twitter, even though it's been known to cause a topic or two to trend. It is not exclusively black — there are blacks who don't participate in it, and people of other races who do.


"Black Twitter brings the fullness of black humanity into the social network and that is why it has become so fascinating," said Kimberly C. Ellis, who has a doctorate in American and Africana Studies, tweets as @drgoddess and is studying Black Twitter for her upcoming book, "The Bombastic Brilliance of Black Twitter."


According to a Pew Research Center report, while similar numbers of blacks and whites use the Internet — 80 percent and 87 percent, respectively — 22 percent of those blacks who were online used Twitter in 2013, compared with 16 percent of online whites.


Meredith Clark, a doctoral candidate at the University of North Carolina at Chapel Hill who is writing her dissertation on Black Twitter, likened it to "Freedom's Journal," the first African-American newspaper in the United States. On that publication's first front page in 1827, it declared: "We wish to plead our own cause. Too long have others spoken for us."


"If you are from a particularly marginalized community or one where others have spoken for you, but you have not had the agency to really speak for yourself or make your truth known, then it is absolutely necessary that in any instance you can take on that agency that you do so," said Clark, who tweets from @meredithclark. "And so that is what you see happening in Black Twitter."


Mainstream U.S. media first took serious notice of Black Twitter last year, when it abruptly rose up to scuttle a book deal for a juror in the trial of Zimmerman, who was acquitted of murder in the death of Trayvon Martin. That was the first time that blacks used Twitter "in a very powerful and political way," said Houston black social media consultant Crystal Washington.


Most recently, Black Twitter reared its head through hashtags like #stopthefight, to protest a proposed celebrity boxing match supposedly between Zimmerman and rapper DMX. The promoter quickly canceled after a flood of Twitter complaints.


Such death-by-Twitter activism could very well be the harbinger of a new civil rights strategy, Ellis said. She noted that a short amount of time elapsed between the moment Black Twitter noticed the juror's book deal and the moment it was called off. The same was true of the Zimmerman boxing match.


"Ask the NAACP how long it would have taken had that been one of their initiatives," Ellis said.


The NAACP employed the hashtag #TooMuchDoubt for its unsuccessful attempt to halt the execution of Georgia death row inmate Troy Davis, and the hashtag #OscarGrant on tweets about its activism over the police killing of black teenager Oscar Grant, whose life was later documented in the movie "Fruitvale Station."


"We realized more than anyone that we had to go in that direction and we've done it," NAACP interim President Lorraine Miller said of the NAACP's social media use during a recent appearance on C-SPAN's "Newsmakers" program.


Black Twitter also helped to fuel objections last year over Reebok's relationship with rapper Rick Ross, whose lyrics were being criticized as pro-rape. Ross had appeared in an ad for the Reebok Classic sneakers. He tweeted an apology before issuing a formal statement again apologizing. Once protesters showed up outside a Reebok store in New York, Reebok nixed the deal.


Also last year, Black Twitter set its sights on BuzzFeed, a news site that uses technological feedback to tailor content. No sooner than BuzzFeed posted an article about Black Twitter following Zimmerman's trial, tweeters began dreaming up BuzzFeed-type lists with a black twist to them. The hashtag #BlackBuzzFeed trended worldwide.


"Black Twitter made this the No. 2 hashtag worldwide. Our wig has thoroughly been snatched. (asterisk)Bows down(asterisk)" BuzzFeed acknowledged.


Black Twitter arguably had its biggest field day last year with embattled celebrity cook Paula Deen, whose admission that she used racial slurs in the past inspired the #paulasbestdishes hashtag, featuring recipe titles such as "Massa-Roni and Cheese" and "We Shall Over-Crumb Cake."


Washington said Black Twitter's playful take on the Deen controversy may have been a dry run to the Zimmerman juror takedown.


"I'm not sure that Twitter users, especially African-Americans, would have zeroed in on the juror's book deal had it not been for the aftermath of #paulasbestdishes just weeks before," Washington said.



Follow Jesse J. Holland on Twitter at http://bit.ly/1nD0A1w


Obama economists: Rosier picture if budget passed


President Barack Obama's top economists say the nation is on track to make economic progress over the next two years, but say it would do even better if Congress would enact the additional spending he proposed in his most recent budget. A divided Congress in an election year is not likely to heed that call.


In their annual report to the president, the Council of Economic Advisers says the nation's economy would grow by 3.3 percent in 2014 and 3.5 percent in 2015 and that unemployment would drop to 6.4 percent in 2015 and 6 percent in 2016. February's unemployment rate was 6.7 percent.


That forecast assumes that Congress would approve $56 billion in spending that is above the limits set in a bipartisan budget agreement earlier this year. But midterm elections are limiting action in Congress this year and Republicans, who control the House of Representatives, have already indicated little interest in most of Obama's additional proposed spending.


In effect, Obama's budget and the economic arguments behind it give Democrats a political platform for 2014. Republicans maintain the economy could be accelerating faster but has been hindered by Obama's spending and taxing policies.


Even without the infusion of government money called for in Obama's budget, the economy is likely to grow more than in 2013, according to most economists. The federal budget will not confront budget cuts as severe as in 2013 and economists believe that consumer spending has adjusted since a payroll tax cut expired more than a year ago, which effectively increased taxes on working Americans. Moreover, economists say increases in housing construction and greater business investments will give the economy a boost as well.


The non-partisan Congressional Budget Office predicts the economy will grow 2.7 percent in 2014, and Goldman Sachs forecast growth of 2.8 percent this year. The Federal Reserve in December projected growth between 2.8 and 3.2 percent in 2014. All those outlooks are based on existing policies, not on Obama's budget proposals.


The White House report also says the United States and Germany are the only two of 12 major economies that were hit by the 2008 international financial crisis to have returned to pre-crisis economic output.


Obama, in an introduction to the report, says it shows that "after 5 years of grit and determined effort, the United States is better-positioned for the 21st century than any other nation on Earth."


The economic report serves as the administration's analysis of the president's $3.9 trillion budget, which he unveiled last week.


The report notes that the economic projections were finalized in November and that some indicators have improved since then.


For instance, the report projects an unemployment rate of 6.9 percent for 2014, but has already dipped below that.


"An updated projection would forecast a continued decline in the unemployment rate over the course of the year," the report states.


Republican Rep. Kevin Brady, the chairman of the Joint Economic Committee, said that compared to past economic recoveries, current growth has fallen far short. He said that compared to an average of recoveries since 1960, the U.S. economy should have created 5.5 million more jobs and $3,850 more in income per capital.


"The president's policies of higher taxes, Obamacare, and new regulations are keeping businesses on Main Streets across America on the sidelines," Brady said.



US stocks slip on signs of weakness in China


U.S. stocks are closing slightly lower following disappointing economic news from China and Japan.


The Standard & Poor's 500 index edged down a point to close at 1,877 Monday. It had been down 11 points earlier.


The Dow Jones industrial average lost 34 points, or 0.2 percent, to 16,418. The Nasdaq composite fell two points, or less than 0.1 percent, to 4,334.


Investors were discouraged by an 18 percent slump in Chinese exports last month, the latest sign of trouble for the world's second-largest economy. Japan lowered its estimate for fourth-quarter economic growth.


In the U.S., Chiquita Brands jumped 11 percent after announcing it had agreed to combine with an Irish fruit supply company.


Bond prices rose slightly. The yield on the 10-year Treasury note fell to 2.78 percent.



Sports, business leaders recall William Clay Ford


More members of the sports and business communities are sharing their memories of William Clay Ford, the last surviving grandchild of automotive pioneer Henry Ford and owner of the Detroit Lions.


United Auto Workers President Bob King says in a statement that William Clay Ford's "vision and leadership helped create the unique relationship that exists between the Ford family and our UAW Ford members" that has been a factor in the automaker's success.


General Motors Co. says Ford "leaves behind a legacy that both his family and Ford employees can be proud of."


Brian France, NASCAR chairman and CEO, says Ford "will be remembered as a man of style, for both the automobiles he built and the life he led."


William Clay Ford died Sunday. He was 88.



Lions say Ford's wife to take over team


The wife of William Clay Ford will take over his controlling interest in the Detroit Lions after the longtime owner's death.


The Lions announced Monday that Ford's interest in the team passes to Martha Ford, pursuant to "long-established succession plans."


William Clay Ford died Sunday. The 88-year-old Ford was the last surviving grandchild of automotive pioneer Henry Ford.


William Clay Ford married the former Martha Parke Firestone, an heiress to the Akron, Ohio, rubber fortune. Her grandfather, Harvey Firestone, was a close friend of Henry Ford.


The team says William Clay Ford Jr. remains in his role as vice chairman of the Lions.



BC-Cotton Bale


Cotton futures No. 2 closed 45 cents to $2.30 a bale higher Monday.


The average price for strict low middling 1 & 1-16 inch spot cotton advanced 28 cents to 86.65 cents per pound Monday for the seven markets, according to the Market News Branch, Memphis USDA.



Oil falls to around $101 after China, Japan data


The price of oil fell below $102 on Monday after a surprise drop in China's exports and weaker economic growth in Japan suggested demand for crude could weaken.


Benchmark U.S. crude for April delivery was down $1.18 to $101.40 per barrel at 0810 GMT in electronic trading on the New York Mercantile Exchange. On Friday, the contract rose $1.02 to close at $102.58 after strong U.S. employment figures for February. Brent crude, used to set prices for international varieties of crude, was down 90 cents to $108.11.


China's customs data showed over the weekend that exports plunged by an unexpectedly large 18 percent last month. Robust trade is crucial in helping China achieve its official economic growth target of 7.5 percent for this year. However, exports in February last year might have been overstated by exporters inflating sales figures as an excuse to evade currency controls and bring extra money into China.


Japan revised down its growth estimate for the final three months of last year after announcing a record current account deficit for January. Japan's Cabinet Office said both private and public demand was lower than its earlier estimate.


Oil prices surged last week due to severe winter in the U.S. that raised demand for hitting oil and tension over Russia's military incursion into Ukraine's Crimean peninsula.


In other energy futures trading on Nymex:


— Wholesale gasoline fell 2.5 cents to $2.949 per gallon.


— Heating oil shed 3 cents to $2.982 per gallon.


— Natural gas was down 4.7 cents to $4.571 per 1,000 cubic feet.



AAA Mich.: Gas prices fall 1 cent over past week


AAA Michigan says gasoline prices have fallen about 1 cent during the past week to a statewide average of about $3.68 per gallon.


The auto club says Monday the average is about 3 cents per gallon less than this time last year.


Of the cities it surveys, AAA Michigan says the cheapest price for self-serve unleaded fuel is in the Marquette and Traverse City areas, where it's about $3.64 a gallon. The highest average is in the Grand Rapids area at about $3.72 a gallon.


Dearborn-based AAA Michigan surveys 2,800 Michigan gas stations daily.


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Online:


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NH Medicaid expansion debate moves to House


A bill to use federal Medicaid money to pay for private health insurance for an estimated 50,000 poor adults is moving quickly through New Hampshire's House.


The House Finance Committee held a hearing Monday on the bill that passed the Republican-controlled Senate 18-5 on Thursday. The committee planned to begin working on the bill immediately in hopes of bringing it to the House floor later this month.


Senate Democratic Leader Sylvia Larsen testified that implementing the legislation would benefit the state's economy and its residents' health.


"The bottom line is that under our bill more than 50,000 low-income, mostly taxpaying citizens will get access to health insurance," said Larsen, of Concord.


Larsen and other supporters said the bill would improve the health of currently uninsured residents by providing access to affordable preventive and primary care. That would reduce the amount of uncompensated care provided by hospitals, which could help drive down premium costs and help struggling businesses, they said.


Opponents argued the state's financial liability should be capped to protect taxpayers.


Rep. Laurie Sanborn, the House's Republican policy leader, said House Republicans would prefer that the bill be killed, but she acknowledged that Democrats control the chamber and probably would pass it.


"I don't think there are enough safeguards in place for taxpayers," said Sanborn, of Bedford.


New Hampshire is one of six states that have not decided whether to expand Medicaid under the federal health care overhaul law. Under the Senate bill, it would create a 2½ -year pilot program using 100 percent federal funding to expand health care coverage. Anyone under 65 who earns up to 138 percent of federal poverty guidelines — about $15,856 a year for a single adult — could qualify.


The state estimates that 12,000 adults could begin receiving coverage in as little as a month under an existing program to subsidize employer-based coverage while 38,000 others would receive coverage through the state's Medicaid managed care program starting this summer. The adults on managed care would be moved onto private insurance in 2016 if a federal waiver is approved by March 31, 2015. If the waiver is denied, their coverage would be phased out over three months.


Under the plan, the expansion would end if federal funding drops below 100 percent and would end regardless at the end of 2016 if the Legislature doesn't reauthorize it.


Critics argued that once taxpayer subsidized coverage is provided, lawmakers will lack the courage to end it.


But Larsen said that gives lawmakers time to see how the program works before deciding whether to continue it.



Officials: Storms make Washington drought unlikely


So much rain and snow has fallen across Washington state in recent weeks that there's little chance of a statewide drought being declared this year, water supply experts said Monday.


"The worries are over for now," said Dan Partridge, a spokesman for the state Department of Ecology. "Right now, snowpack and stream-flow figures and all the indicators make it pretty certain that we won't have to worry about any kind of statewide drought."


The agency convened a group of federal and state officials in February after a relatively dry start to the winter raised concerns about a possible statewide drought. The group met last week and plan to meet again in May.


While a statewide drought declaration isn't likely, water supply experts say they're still closely watching dry pockets, including in Lincoln, Douglas and Okanogan counties, where low soil moisture levels could still present headaches for agriculture.


"We're in good shape on the west side" of the state, state climatologist Nick Bond said, adding, "We're still keeping an eye on the east side."


The state relies on mountain snowpack to supply water for drinking, irrigation, fish migration, power generation and other needs through the year.


The relatively dry start to the winter and lower-than-average snowpack had many worried about drought potential. But a parade of storms in February deluged the state, especially west of the Cascade Mountains.


For example, in one 10-day period, Stevens Pass received 10 feet of snow, according to the National Weather Service. And one spot in the Lewis River Basin measured about 23 inches of rain last month, according to the Natural Resources Conservation Service.


"We should feel very fortunate that we've got rain at low elevation and snow at high elevation in the last month. That really has bailed us," Bond said. "If that hadn't happened, we'd be looking at the kind of (drought) problems that California has."


On February 1, the statewide average snowpack readings were at 55 percent of normal, though basins across the state varied. By March 1, the statewide average readings were about 89 percent of normal.


"That's a pretty significant jump in snowpack," said Larry Johnson, state conservation engineer with the Natural Resources Conservation Service.


The state last declared drought emergencies in 2005 and 2001.



World has new top banana as Chiquita, Fyffes merge


Chiquita has combined with Dublin-based Fyffes to become the world's top banana company.


The stock-for-stock transaction announced Monday creates a global banana and fresh produce company with $4.6 billion in annual revenues.


The new company, ChiquitaFyffes, will have an operating presence in more than 70 countries and a workforce of approximately 32,000 people. It will become the largest company in the global banana market with sales of more than 160 million boxes annually.


Ed Lonergan, Chiquita's chief executive officer, says the deal creates a strategic partnership that combines two complementary companies that will work to bring best practices in countries where they operate.


Chiquita Brands International is based in Charlotte, North Carolina, and has a big presence in the United States while Fyffes has a major presence in Europe.



4 Reasons The Pew Millennials Report Should Worry Democrats, Too



Supporters listen to President Obama during a campaign rally at Jiffy Lube Live in Bristow, Va., on Nov. 3, 2012.i i


hide captionSupporters listen to President Obama during a campaign rally at Jiffy Lube Live in Bristow, Va., on Nov. 3, 2012.



Jewel Samad/AFP/Getty Images

Supporters listen to President Obama during a campaign rally at Jiffy Lube Live in Bristow, Va., on Nov. 3, 2012.



Supporters listen to President Obama during a campaign rally at Jiffy Lube Live in Bristow, Va., on Nov. 3, 2012.


Jewel Samad/AFP/Getty Images


The Pew Research Center's newly-released survey on American millennials has so far been interpreted as the latest demographic disaster confronting the GOP.


According to the report, millennials — defined as Americans aged 18 to 32 — appear to vote heavily Democratic and hold liberal views on a variety of contemporary political and social issues.


The findings, based on a recent Pew Research Center survey and analysis of other Pew surveys conducted between 1990 and 2014, are unquestionably a cause for worry among Republicans. But Democrats shouldn't be too quick to view the survey as unvarnished good news.


Here are four reasons why:


MILLENNIALS ARE LESS ATTACHED TO THE DEMOCRATIC PARTY LABEL


While Pew characterizes the millennials as "strikingly Democratic" in the last two presidential elections, they are nevertheless more likely than previous generations to reject party labels. Half of millennials — up from 38 percent in 2004 — identify themselves as political independents, meaning both parties have lost ground among young people.


MILLENNIALS ARE NO MORE LIBERAL ON GUN CONTROL AND ABORTION


Of all the age groups, millennials are the most supportive of same-sex marriage, the legalization of marijuana, and a path to citizenship for undocumented immigrants by a wide margin. But their views on gun control and abortion are no more liberal than previous generations that Pew studied. Forty-nine percent of millennials say it's more important to protect gun rights than control gun ownership, a figure that is roughly at par with the attitudes of older generations. And 56 percent say abortion should be legal in all cases — slightly less than among Generation X, which is defined as Americans born between 1965 and 1980. Millennials are also much less likely to consider themselves environmentalists than any other generation.


FEWER MILLENIALS SEE BIG DIFFERENCES BETWEEN THE PARTIES


Just 31 percent of millennials say there is a great deal of difference between the Republican and Democratic parties. That's considerably less among other generations: by comparison, 58 percent of the so-called Silent Generation (those born between 1928 to 1945) believe there are big differences between the parties.


MILLENNIALS ARE AS SKEPTICAL OF OBAMACARE AS OLDER GENERATIONS


Even though millennials support universal health insurance by the widest margin of any generation — and are far more supportive of President Obama than older generations — their attitude toward the Affordable Care Act is just as negative as older generations: only about four-in-ten in each generation approved of the law.



China auto sales rise but local brands weaken


China's auto sales rose 11.3 percent in the first two months of the year but local brands suffered a decline in a sign of intense competition in the world's biggest auto market.


An industry group, the China Association of Automobile Manufacturers, said Monday that sales in the first two months of the year totaled 3.1 million vehicles.


The group said sales by China's domestic auto brands, however, declined by 1 percent from a year earlier to 1.2 million vehicles.


Sales have been squeezed by China's economic slowdown and curbs on ownership imposed in some cities in response to smog and traffic.


Global automakers are looking to China to drive sales growth and are spending heavily to develop models for Chinese tastes. That is squeezing fledgling domestic brands.



Senate Democrats aim ire at rich, obscure brothers


Democratic Senate candidates are gambling they can turn voters against two obscure billionaire brothers who are funding attacks on them and the president's health care law.


Democrats are denouncing Charles and David Koch (kohk), two of world's richest people. The pair's political network is spending millions on TV ads hitting Democrats in North Carolina and several other states.


Senate Majority Leader Harry Reid says the Kochs are paying huge sums to try to "buy" elections and advance a self-serving agenda of low taxes and less regulation.


Republicans say the Koch-financed ads accurately depict "Obamacare's" faults. They predict the Democrats' strategy won't work.


Republicans need to gain six Senate seats this fall to control the 100-member chamber.



Glitches spoil 'True Detective' finale online


HBO says its streaming service is running again, although disappointingly late for many anxious fans of the "True Detective" series.


Most fans who tried to log onto the "HBO GO" stream for the Sunday-night season finale of "True Detective" weren't able to do so because the service crashed. HBO said Monday the service interruption was due to "an excessive amount of traffic" soon after the 9 p.m. Eastern start of the episode. Many viewers saw a spinning circle indicating the show was loading, but it didn't.


HBO had similar issues with its service last year surrounding episodes of "Game of Thrones."


Company spokesman Jeff Cusson (KEW-sahn) said Monday the service is now working.


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Online:


http://itsh.bo/Pl4zEo



Insurance agent classes offered at McNeese


A property and casualty insurance pre-licensing course will be offered April 4-5 and April 11-12 at McNeese State University.


The classes will be held from 8 a.m.-6 p.m. and are offered in partnership with by the Louisiana Consortium of Insurance and Financial Services at Louisiana State University-Shreveport.


Cost is $230 per person, which includes textbooks.


The class 40 hours of class time to prepare students for the licensing exam. Topics include basic terminology, concepts, sales, fundamentals of insurance law and an agent's responsibility.


Deadline to register is April 2.


Details can be obtained by calling McNeese State at 337-475-5075.



Hedge Fund Turns To Lobbying To Back Up Its Billion-Dollar Bet



Audio for this story from All Things Considered will be available at approximately 7:00 p.m. ET.





Hedge fund manager Bill Ackman first invested against Herbalife, then lobbied politicians to go after the company. Eric Lipton of The New York Times reported on the story, and he has more details.



Lawyer of terror suspect asks judge to drop charges


BEIRUT: The lawyer of a terror suspect Monday requested that Military Investigative Judge Imad Zein drop the charges against his client who is accused of fighting in Syria, arguing that members of Hezbollah were left without prosecution.


Tareq Shandab requested that allegations against defendant Mahmoud Abdel-Qader be revoked, citing double jeopardy and selective treatment of Lebanese citizens.


Abdel-Qader who was detained two weeks ago is accused of belonging to armed organizations with the aim of carrying out terrorism acts outside Lebanon against the Syrian regime as well as recruiting, training, funding and transporting people into Syria.


He is also accused of involvement in firing rockets into Israel.


Shandab asked the judge to refrain from pursuing the case “because his client has already been accused and prosecuted of the same charge five years ago and Lebanese law forbids the prosecution of someone for the same crime twice.”


The attorney who is also the lawyer of several other terror suspects also denied the charges and said Hezbollah members were neither prosecuted for fighting in Syria or resisting Israel.


“Acts attributed to the defendant are inaccurate and if they were, they are not punishable by Lebanese law, according to the jurisprudence of Lebanese military prosecution,” he said in his written request.


“Many people belonging to Hezbollah and other groups in the March 8 coalition are recruiting individuals to kill Syrian people and they are being trained and funded to [fight there],” Shandab added.


“They are also smuggling weapons into Syria as well as people including the Iraqi Abu Fadle Al-Abbas Brigades via Beirut airport into Syria,” the lawyer said.


He also said argued that Hezbollah was carrying out “resistance against Israel” without the scrutiny of the military prosecutor.


“Given that the Constitution stipulates equality between citizens and firing rockets into Israel falls under resistance acts against Israel because being selective when it comes to the resistance is now allowed because the ministerial statement stipulate the right of all Lebanese to resistant,” he concluded.



Governors' Races Offer Promise For Democrats



Pennsylvania Gov. Tom Corbett applauds a choir at The Salvation Army Ray and Joan Kroc Corps Community Center during a Jan. 29 news conference in Philadelphia.i i


hide captionPennsylvania Gov. Tom Corbett applauds a choir at The Salvation Army Ray and Joan Kroc Corps Community Center during a Jan. 29 news conference in Philadelphia.



Matt Rourke/AP

Pennsylvania Gov. Tom Corbett applauds a choir at The Salvation Army Ray and Joan Kroc Corps Community Center during a Jan. 29 news conference in Philadelphia.



Pennsylvania Gov. Tom Corbett applauds a choir at The Salvation Army Ray and Joan Kroc Corps Community Center during a Jan. 29 news conference in Philadelphia.


Matt Rourke/AP


Elections for governor could provide some good news for Democrats this fall, giving them the chance to regain ground in a few states where the party has had good fortune recently.


It's not hard to imagine that even as Democrats suffer losses at the congressional level, they could gain some ground in the states.


At this early stage, Republicans are expected to hold control of the House and pick up seats in the Senate — maybe even win a majority in the Senate.


But the GOP has fewer opportunities when it comes to statehouses. Republicans dominated state elections back in 2010, leaving them few openings this year. (Governors serve four-year terms everywhere but Vermont and New Hampshire.)


Republicans gained six governorships in 2010. They have a 29 to 21 edge over Democrats overall.


There are 36 governorships up for grabs this year. Over the coming weeks, NPR will be looking at the most competitive and compelling races among them.


"You had a lot of Republicans win governorships in 2010 and some of them are going to be vulnerable, particularly in those blueish-leaning states," says Justin Phillips, co-author of The Power of American Governors.


But Phillips says there might not be as many vulnerable Republicans as some observers had expected a couple of years ago.


There are governors who pushed controversial programs early in their terms, but have since moderated their message. They may also benefit from President Obama's current unpopularity, Phillips says.


"Democrats will probably hold maybe one or two more governorships next year than they do now, but I wouldn't expect there to be a huge turnover, or for the Democrats to hold more governorships than Republicans next year," says Kyle Kondik, managing editor of the University of Virginia's political website Crystal Ball.


A Lot Like 1986


Kondik compares this year to 1986. Then as now, many senators of the president's party were vulnerable. In fact, Democrats took control of the Senate that year, ousting a number of Republicans who had been elected along with President Ronald Reagan in 1980.


But Republicans gained governorships that year. And something similar might happen this fall.


Several Democratic senators elected from red states such as Alaska and Arkansas during Obama's big win in 2008 are looking vulnerable. But there are Republicans serving as governor in no fewer than 10 states that Obama carried in both his presidential elections.


Virginia Democrat Terry McAuliffe prevailed in one such state last year, breaking the commonwealth's longstanding practice of electing governors from the party that doesn't control the White House.


Several Republicans swept in with the GOP tide in 2010 might be washed away this year; the list of most vulnerable governors includes Tom Corbett of Pennsylvania, Paul LePage of Maine and Rick Scott of Florida.


Rick Snyder of Michigan is also a Democratic target, but he appears to be in better shape. In fact, not all the blue and purple state Republicans are looking particularly vulnerable.


Some who pushed controversial programs early in their terms, such as John Kasich of Ohio and Scott Walker of Wisconsin, have had time to recover their footing and now look like favorites.


Able To Appear Moderate


Today's governors may be more partisan than their predecessors, but they still have the chance to craft a moderate image, focusing on big-picture issues such as the budget and jobs while leaving contentious social issues to legislators.


"We've seen just as many cases of governors making moderate turns," says Thad Kousser, a political scientist at the University of California, San Diego. "Part of why [Democratic Gov.] Jerry Brown is not facing a major challenge is that he's really governed from the center in California."


Next door in Nevada, Republican Brian Sandoval's focus on education and health — including his embrace of the Affordable Care Act — has kept his approval ratings high in a state that twice voted for Obama. In fact, Democrats have yet to field an opponent against him.


Incumbent governors in general are tough to beat. Even as they made their gains in 2010, Republicans defeated only two incumbent Democrats (Chet Culver of Iowa and Ted Strickland of Ohio).


Not every governor has announced his or her plans yet, but more than 25 of them will be running for re-election this year.


Personally Unpopular


A few sitting governors could run into difficulty, either because the economy remains weak in their states or because their own policies have proven to be unpopular.


Kansas Republican Sam Brownback, for instance, has managed to alienate even many members of his own party with his strongly conservative agenda. Several blue state Democratic incumbents could also be at risk, including Pat Quinn of Illinois, Neil Abercrombie of Hawaii and Dannel Malloy of Connecticut.


"Of the six states where there's likeliest to be turnover, three are Republicans and three are Democrats," Kondik says.


Republicans have their eye on Arkansas, where popular incumbent Democrat Mike Beebe is prevented from running again by term limits. The state has been trending Republican — not only strongly opposing Obama, but giving control of the legislature to the GOP two years ago for the first time since the 19th century.


Arkansas is a place where an anti-Obama tide isn't the only Democratic worry — the attention and resources being devoted to a Senate race also could have a spillover effect on the governor's race.


But in most places, the governorship is a prominent enough position that candidates should be able to stand, or fall, on their own.


That's led some political observers to think this year's elections will end up reflecting the 50-50 divide in the country.


The conventional wisdom at this point is that Republicans will gain seats in Congress — as the party not controlling the White House nearly always does in mid-term elections.


But Democrats can cut against this grain by taking back a few governorships — which would be especially satisfying in big states like Pennsylvania and Florida.



Construction crunch slows Japan tsunami rebuilding


Tens of thousands of people on Japan's northeastern coast who were left homeless in the March 2011 tsunami are shivering their way through yet another winter in cramped temporary housing, with perhaps several more to go.


Reconstruction plans are taking shape after three years of debate and red tape, but shortages of skilled workers and materials are delaying the work. In areas such as Tanohata, a fishing town of 3,800 along a scenic stretch of craggy cliffs and forests, less than a tenth of the new housing has been built. Overall, the figure is less than 8 percent completed, and less than a quarter of projects started.


As Japan's over-stretched construction industry begins gearing up to build venues and revamp aging infrastructure for the 2020 Tokyo Olympics, shortages of skilled carpenters and heavy equipment operators as well as cement and other materials, are frustrating residents and local officials.


"It's just cold, so very cold," Shio Hironai, 53, said of the hut that has served as home since the 20-meter (65-foot) wave slammed into one of the town's tiny coves. "And the roof is caving in. It has been all along."


Japan on Tuesday marks the third anniversary of the earthquake, tsunami and nuclear disasters known as 3.11 that killed 15,884 people and left 2,636 unaccounted for on its northern coast. The country has struggled to rebuild tsunami-hit towns and to clean up radiation from the nuclear crisis. It has earmarked 25 trillion yen ($250 billion) for reconstruction through to March 2016. About 50,000 people from Fukushima are still unable to return home due to concerns over radiation.


Hironai, a former fish factory worker who now helps assemble fishing lures in a workshop set up to provide jobs after the disaster, said she hopes to finally move into a new home by May. "The carpenters are just too busy. We had to find a new company to do the work."


In Tanohata and many other places in Iwate prefecture and elsewhere, groundwork is still not finished for most of the homes due to be rebuilt. Further to the south in Otsuchi, crews work until dark, rain or shine, leveling land for public housing units, a few here, a few there — wherever land can be cleared away from the most hazardous areas along the seaside.


As the 370 districts planning to resettle residents on higher ground gradually start building, competition for manpower and materials is intensifying.


The priority placed on big infrastructure such as sea walls is slowing the rebuilding of homes and communities while failing to address the region's longer term decline as younger residents leave and the population shrinks and ages, said Shun Kanda, director of the Japan 3.11 Initiative at Massachusetts Institute of Technology.


Construction has only begun at two of 10 planned sites in Otsuchi; one of eight in the nearby steel town of Kamaishi, and two of 11 in Onagawa, further down the coast.


In Rikuzentakata, which lost half of its homes in the disaster, the first 120-unit housing complex is due to open in September. Some 2,000 families still need new homes, said Takashi Kubota, the city's vice mayor.


"Many here are worried that the Olympics construction will slow work still further," Kubota said.


A flood of public works projects meant to boost the national economy is worsening delays, local officials complain.


Tokyo's successful Olympic bid is cause for rejoicing, Otsuchi mayor Yutaka Ikarigawa recently told reporters. "But I feel deeply concerned that as construction in the Kanto area (near Tokyo) shifts to preparations for the Olympics, reconstruction will suffer shortages of workers, equipment and materials."


Less than 8 percent of 6,038 public housing units that Iwate prefecture is planning are finished. Two-thirds aren't due to be ready until 2015 at the earliest.


In Fukushima, where the nuclear plant disaster forced more than 200,000 people from their homes, resettlement planning remains in limbo as authorities consider what radiation-affected areas will be safe to return to, and when.


Takumi Nemoto, minister of reconstruction, acknowledged that shortages of workers and materials are slowing reconstruction.


"Different issues and challenges are emerging one after another," Nemoto said.


Tokyo will begin Games-related construction this May, with the demolition of its National Stadium to make way for an 80,000-seat, 130 billion yen ($1.3 billion) arena that must be ready for the World Cup Rugby in 2019, a year before the games.


Apart from 10 other Olympic venues, the city needs to repair or replace 1,500 kilometers of sewage pipes and dozens of roads, bridges and tunnels, many of which were built for the Tokyo Olympics in 1964.


Meanwhile some tsunami housing projects are getting no interest from construction companies at all. That's partly because the amount budgeted for wages is below what companies need to pay to attract people into the industry. The government has subsequently mandated higher construction wages.


At the peak of Japan's construction boom 25 years ago, 7.5 million worked in the industry. In 2012, there were about 5 million, a third of them over age 55. Less than 12 percent are under age 30. There are three times as many engineering jobs available as there are workers qualified to fill them.


Japan is expanding use of foreign labor, but training workers for skilled construction work and engineering can take up to 10 years.


In Tanohata, the wait has grown too much for Takako Sato, a 62-year-old worker at Huck's House, a vocational center for the disabled that has expanded to create jobs to replace fish processing work wiped out in the disaster. She is promised a place in Huck's group home but must wait a few more weeks.


Hearing impaired, she waves her hands repeatedly to convey how her house was swept away, and holds them joined as if in prayer to express her frustrations.



Associated Press video journalist Emily Wang contributed from Higashi-Matsushima.