Saturday, 26 July 2014

Nasrallah's nephew killed in Syria: reports



BEIRUT: Hezbollah Chief Sayyed Hasan Nasrallah's nephew was killed in Syria during battles with rebel groups, media reports said Saturday.


The resistance group issued a statement, saying Hamzah Yassine from the southern town of Abbasieh was killed while performing his "Jihadist duty defending Holy sites."


Local media reports including Al-Mustaqbal newspaper said Yassine was the son of Nasrallah's sister.


Hezbollah, alongside regime troops, have been engaged in fierce battles with rebel groups including Nusra Front in Syria and along Lebanon's border since May of last year, when the party announced its military role in the war-torn country.


On Friday, a Syrian jet strike on the border with Lebanon killed around 20 Syrian rebel fighters, security sources told Reuters. The strike hit just inside Lebanese territory in a barren area east of the town of Arsal.


Syrian rebel fighters have frequently crossed into Arsal, a Sunni Muslim town where residents have often been sympathetic to fighters trying to topple Syrian President Bashar Assad, who is from Syria's Alawite minority.



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Ohio adds 244K jobs under Kasich; recovery slow


Ask politician, pundit and voter alike and they will tell you the same thing: The November election is about jobs.


Job growth is both a key economic indicator and an easy issue for politicians to talk about when campaigning. Yet when the claims of Republican Gov. John Kasich and Democratic challenger Ed FitzGerald conflict, Ohioans can be left baffled.


A look at some of the facts about Ohio jobs and the politics behind the debate:


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THE NUMBERS


Ohio's nonfarm employment was more than 5.3 million in June. That marked a gain of 243,900 since Kasich succeeded Democratic Gov. Ted Strickland in January 2011. Private employment also has risen, and new job starts, another important gauge of an economy's health, rose 1,270 from the first quarter of 2013 to the first quarter of this year.


Ohio's unemployment rate has fallen steadily since 2010, from 10.6 percent in January 2010 to 5.5 percent in May and June, the lowest rate since before the recession. The private sector has led the growth. Overall government employment fell from January 2011 to June, led by nearly 25,000 jobs lost in local government. Median incomes in Ohio have fallen about $7,000 over the past decade.


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THE CONTEXT


Kasich took Ohio's helm in the wake of a punishing national recession. From January 2007 to January 2010, Ohio had lost 430,000 jobs. Federal labor statistics show the downward trend had begun to reverse as Strickland and Kasich were facing off for governor in 2010. Four years out, the nation and about a third of individual states have fully recovered jobs lost during the recession; Ohio has recovered about 6 in 10 jobs.


The state often ranks in the top or bottom ranges of 50-state rankings that report raw numbers. Keep in mind that may relate to its large population.


It's also good to be aware that the unemployment rate is in some ways a fickle statistic. It measures the percentage of Ohioans who say they are jobless and looking, so the rate can seem to improve when people are discouraged and give up job-hunting, or it can appear worse when optimism abounds and previously discouraged workers start to try to re-enter the workforce. Since 2007, Ohio's overall workforce — the base from which the statistic is calculated — has shrunk from nearly 6 million to a little over 5.7 million, both from workforce dropouts and retiring baby boomers.


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THE CAMPAIGNS


Kasich points to tax changes and budget cuts as helping stimulate Ohio's economy. He frequently highlights not only newly added jobs but those the administration prevented from leaving the state or those relocated within the state.


FitzGerald, the Cuyahoga County executive, focuses his jobs talk on the impact of state budget cuts on schools and other local government employers. It is a natural strategy for two reasons: the job losses experienced by the sector; and Kasich's perceived vulnerability among unionized police, firefighters and teachers who remember the collective bargaining fight of 2011. He also points to declines in Ohio's median incomes, which Kasich notes are improving faster than the nation as a whole.


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THE PLANS


Kasich points to his economic successes and pledges to stay his course on tax cuts, spending controls and innovative cost-sharing and streamlining strategies if elected. He would like to eliminate Ohio's income tax eventually. FitzGerald is focused on restoring local government cuts and building broader access to education. He has proposed a college affordability plan and a blueprint for offering universal preschool, though with few details of how those would be paid for.


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OHIO VOICE


In Warren, Barb Allen's story helps illustrate the complicated nature of jobs statistics. The 50-year-old Allen has been employed, laid off, re-employed and jobless in a single year's span. Allen says the living she made at General Electric's Ohio Lamp Plant, where she worked as a mechanic for 17 years, allowed the single mother to raise three kids and buy her own house. With overtime, there were years she pulled in $94,000. When the plant's closure and layoffs were announced in August, "it was devastating," she says.


She landed a new job at an organizing cooperative, but it didn't last. At the last job fair she attended for a new hotel, she listed $15 an hour as her target wage, less than half what she was making at GE. The surprised recruiter said no jobs were available for more than $10 an hour. Allen says: "We can't support a family anymore on what they're willing to pay here in Ohio. It affects everyone: the parents, the children, the families."


The first of a series of stories ahead of the November election that looks at the health of Ohio's economy.



At Stanford, summer work goes beyond football


For most major college football programs, summer is a time for players to load up on classes and concentrate on conditioning for the upcoming season.


Not at Stanford.


Cardinal players are cashing in on a one-of-a-kind resource run by the football office. About 50 to 70 work as paid interns in the offseason as part of The 12th Man Summer Jobs Program, which connects players with employers.


Players land jobs throughout Silicon Valley in everything from technology startups, law firms, venture capital firms, banks, medical research, insurance agencies and hotels to tutoring services and public policy work. The program helps players afford to stay near campus so they can participate in voluntary offseason workouts.


"Everybody's doing some pretty cool things. And everybody's pretty busy," said wide receiver Jordan Pratt, who is working with an investment management firm this summer after two previous internships in energy and engineering. "There's a good chunk of guys wearing dress clothes as they're running into the locker room trying to make the lifting session or the run."


The internship program has been going on for decades at Stanford but has become more structured and more widely used in recent years.


Part of the reason the program has flourished is the university's proximity to Silicon Valley's many companies. Stanford also has been more aggressive about transforming its tough admissions standard from a burden to a benefit, a recruiting strategy that started under former coach Jim Harbaugh and has been carried on and eclipsed by David Shaw and his staff.


Stanford director of football operations Matt Doyle, who oversees the jobs program, meets with players individually a few weeks after the season ends each January. He talks to them about what work they've done and what work they want to do before coaching them through the resume-writing process.


All the while, Doyle is a de facto headhunter who is in contact with companies seeking summer interns. By the end of spring practices, players are going through interviews. They all have jobs by June.


Doyle specifies strict guidelines to employers to make sure they comply with NCAA rules: players must make the same amount of money as other interns (typically $10 to $20 an hour), they can't get paid for work not performed and they can't get the job simply because they're a Stanford football player.


"They have to go through the wringer just like everybody else," Doyle said.


Players usually complete internships in six weeks and work anywhere from 20 to 40 hours a week.


Chase Beeler, an All-American center as a senior in 2010, interned for two law firms and a venture capital firm while at Stanford before bouncing around a few NFL practice squads. Now he works as an analyst at Altamont Capital Partners, a private equity firm in Palo Alto with more than $1 billion in capital. Beeler met his boss during an internship as a student.


"Summer was an opportunity to build your network, and that's frankly indispensable once your football days are over," Beeler said.


Andrew Luck, drafted No. 1 overall by the Indianapolis Colts in 2012, interned with Major League Soccer's San Jose Earthquakes in 2009 — learning the ins and outs of a pro sports franchise. The partnership between Stanford and the Earthquakes has continued since.


Completing an internship during offseason conditioning still creates a hectic schedule.


Fifth-year senior defensive end Henry Anderson, who is wrapping up his most recent internship at a private equity firm, described a typical day like this: wake up at 8 a.m., at work by 9 a.m., out of work by 3:30 p.m., working out with teammates at Stanford at 4:30 p.m. and heading home about 8 p.m.


"We look forward to summer when the season ends. But the funny thing is, once we're in summer we're working just as hard if not harder," Anderson said.


Not every player comes to Doyle because they need help landing an internship.


Pratt, who played baseball in the minors before starting his Stanford football career, is majoring in energy and design engineering. He landed internships in the energy field himself the previous two summers but decided to go through Doyle this year so he could stay closer to campus, get some business experience and have more flexible hours.


"It's just a lot easier when you have a middle man kind of sticking up for you and communicating to companies how much time football consumes," Pratt said.


Doyle said players are attractive candidates to companies — many of which already employ Stanford alums — because of the school's strong academics and players' experience working on a team, performing under pressure and juggling assignments.


Doyle also credits the internship program for Stanford's accolades on the field and in the classroom. Stanford has won two straight Pac-12 championships while graduating 100 percent of its players.


"There's no coincidence that's why we've been successful," he said. "They're establishing the work ethic in the summer that it takes to be successful in the fall — and in life."



Weekly Address: Closing Corporate Tax Loopholes


President Barack Obama tapes the Weekly Address in the Map Room of the White House, July 25, 2014.

President Barack Obama tapes the Weekly Address in the Map Room of the White House, July 25, 2014. (Official White House Photo by Chuck Kennedy)




In this week’s address, the President continued his call for our nation to rally around an economic patriotism that says rather than protecting wasteful tax loopholes for a few at the top, we should be investing in things like education and job training that grow the economy for everybody.


The President highlighted the need to close one of the most unfair tax loopholes that allows companies to avoid paying taxes here at home by shifting their residence for tax purposes out of the country. The President has put forth a budget that does just that, and he has called for business tax reform that makes investment in the United States attractive, and creates incentives for companies to invest and create jobs here at home. And while he will continue to make the case for tax reform, the President is calling on Congress to take action and close this loophole now.


Transcript | mp4 | mp3


Nebraska organic farm tours set Aug. 16


Cover crops as part of a diverse cropping system will be part of the discussions during organic farm tours next month.


The University of Nebraska-Lincoln Extension says the first tour will begin at 1:30 p.m. Aug. 16 at the Larry Stanislav farm two miles north of Abie in eastern Nebraska's Butler County. Stanislav will discuss his cropping system and how he's reduced tillage and managed weeds by using a roller crimper and flamer.


The next tour begins at 3:30 p.m. at Randy Fendrich's farm nearby.


After the tours, the Fendrich family will serve a free dinner at 5 p.m. Reservations are needed. Call 402-584-3837 to RSVP or for more information about the tours or to get directions.



TD Ameritrade invests $1.25M in financial planners


TD Ameritrade plans to invest $1.25 million over the next decade in helping students prepare for careers as financial planners.


The Omaha, Nebraska-based online brokerage says it hopes more students will consider studying financial planning because the demand for financial advice is growing.


Ten students recently received $5,000 scholarships to help them pursue bachelor's degrees in financial planning, and the group got to visit Wall Street and ring the closing bell for the New York Stock Exchange.


In addition to scholarships, TD Ameritrade awarded a $50,000 grant to the University of Georgia and a $25,000 grant to Texas A&M University to help the schools develop and strengthen programs focused on financial planning.