Friday, July 26, 2013

Letters demonstrate ?stonewall? between Democrats and GOP over state workers? pay

Rep. Kent Lambert, R-Colorado Springs

Rep. Kent Lambert, R-Colorado Springs, says the way the Colorado Department of Personnel and Administration could do a better job of calculating pay scales.

Republicans and Democrats are taking sides over the credibility of the salary survey that helps determine whether state employees are paid on par with others in the same jobs, and it?s usually the best argument for legislators to grant raises.

Wednesday the Democrats who control the powerful Joint Budget Committee issued a letter firing back at a letter last week by the Senate Republican caucus that accused the state Department of Personnel and Administration of doing a poor job with the survey and disregarding the law.

?There have been several reports over the past year that indicate that the Colorado salary survey conducted by your office has not been conducted according to best practices, or according to statutory requirements for determination and comparisons of total compensation,? the Republicans wrote in the July 19 letter to the agency?s executive director, Kathy Nesbitt.

In their own letter, dated Wednesday, Joint Budget Committee Chairman Sen. Pat Steadman of Denver, vice chairwoman Rep. Claire Levy of Boulder, and committee members Rep. Crisanta Duran of Denver and Sen. Mary Hodge of Brighton said no change in the survey?s methodology is necessary.

The Republicans? view ?does not represent the majority opinion of the members of the Joint Budget Committee, nor does it reflect actual problems with how the annual salary survey is conducted by the Department,? the letter states. ?As such, it should not change the methodology of the Department in conducting its salary survey.?

The Democrats? letter adds, ?In short, there is no evidence to support the Senate Republicans? position that the Department conducts its salary surveys following anything other than industry and government norms, best practices and its statutory requirements.?

?That?s absolutely false, and the audit report says it?s absolutely false,? said state Sen. Kent Lambert of Colorado Springs, the first name on the Republicans? letter.

He said the Republican position directly reflects the most recent state audit of the survey and other public data.

An audit presented to the Legislative Audit Committee in June provided 11 recommendations for improving the survey. The first line under ?key facts and findings? is, ?The Department?s methodology for comparing state salaries to the market does not follow industry best practices ??

The audit also said the state wasn?t considering the full range of benefits its employees get when calculating full compensation, though, according to the audit, ?State statute defines total compensation as including salary, group benefit plans, retirement benefits, merit pay, incentives, premium pay practices, and leave.?

Steadman could not be reached immediately for comment. Levy said she hasn?t read the latest audit, but, ?We have a briefing every year on the salary survey and methodology, and the questions I?ve had on that methodology have been answered to my satisfaction.?

Lambert did not sound hopeful that either letter would have much impact.

?There has been a real stonewall on this,? he said. ?We?ve been talking about this for a very long time.?

During hearings in November, the Department of Personnel and Administration will make a budget recommendation to the JBC, which will in turn make a recommendation the full General Assembly and governor for payroll spending in the 2014-2015 fiscal year. The General Assembly granted a 2-percent pay raise in the last session, their first increase in four years. The salary survey last year indicated state workers would need a 7.2 percent hike to get on par with counterparts in the private sector.

Source: http://feedproxy.google.com/~r/dp-spot-politics/~3/zI-qnk7C6tc/

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Thursday, July 25, 2013

Washington Post: Russia may grant NSA leaker Edward Snowden formal entry

According to the Washington Post, Russia has decided to grant Edward Snowden permission to leave the Moscow airport. Though the NSA whistleblower has been offered asylum in Bolivia and Venezuela, he reportedly requested temporary asylum in the Eastern European country last week. While the Putin government didn't approve Snowden's application immediately, it's refused to hand him over to the U.S. since he arrived in Shremetyevo airport from Hong Kong on June 23rd. It's unclear if and when the country will approve the request, but Snowden's Russian lawyer said his client's unique legal situation would keep him in the transit zone for at least one more day. Stay tuned -- we'll be updating as more information becomes available.

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Via: Washington Post

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Daimler Q2 profits jump on EADS stake sale

(AP) ? Automaker Daimler AG laid out the hope of a recovery in the West European car market later this year as it reported a big jump in its second-quarter net profit following the sale of its stake in aerospace firm EADS.

The Stuttgart-based company said Wednesday that net profit rose to ?4.58 billion ($6.04 billion) from ?1.56 billion in the same quarter a year before. Sales rose 3 percent to ?29.7 billion.

The maker of luxury brand Mercedes saw a gain of ?3.2 billion from disposing of its remaining stake in EADS, the parent company of plane maker Airbus. Daimler made the move to concentrate better on its core auto business.

Daimler shares rose 0.5 percent to ?52.95 in morning trading in Europe.

The company said that the stricken Western European car market "seems to have bottomed out" and that "a gradual improvement of the market situation is to be anticipated in the second half of the year." The overall market is still expected to shrink for the full year, the company said.

European car sales have been depressed by the continent's financial and economic crisis. Sales fell 6.6 percent in Europe over the first six months of the year compared to the same period last year, according to the European carmakers' association ACEA.

The difficulties that carmakers face is largely due to the austerity measures that many European governments have pursued in order to get their public finances into shape. Many have cut spending and raised taxes to cope with too much debt and that prolonged recessions and worsened unemployment ? especially in the hardest hit countries such as Spain, Italy, Portugal and Greece. Slow sales have put pressure on all carmakers but especially on mass-market manufacturers such as Ford Motor Co. , General Motors' Opel subsidiary and PSA Peugeot Citroen.

Daimler CEO Dieter Zetsche said the result "represents progress in our earnings development, but no cause for complacency. We will continue to work hard on achieving our goals."

The company's flagship Mercedes-Benz Cars division, which also includes the Smart compact, saw operating earnings slip due to a less profitable model mix and expenses for new technologies and vehicles. Profits excluding financial items such as interest and taxes fell 22 percent to 1.04 billion euros.

The division's return on sales fell to 6.4 percent from 8.7 percent, short of the company's goal of a 10 percent profit margin for passenger cars. Total unit sales rose 9 percent to 404,700 in the quarter from a year ago, while sales revenue increased by 6 percent to 16.3 billion euros.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-07-24-EU-Germany-Earns-Daimler/id-78bb7069b288456fb83389b8ea144a2b

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Wednesday, July 24, 2013

Singapore worried over surging household debt

Singapore?s central bank yesterday expressed concern at the growing mountain of household debt and surging property prices in the city-state, saying they posed ?significant risks? to the Singaporean financial system.

While the city-state?s banking system remains sound, the build-up in household debt was ?worrying,? Monetary Authority of Singapore Managing Director Ravi Menon said.

He said a growing number of households have borrowed excessively in the property market, largely due to low interest rates and stretched loan tenures.

?The combination of low interest rates, growing leverage and surging property prices poses significant risks to financial stability,? Menon said at a news conference.

Global credit ratings agency Moody?s last week downgraded its outlook on Singapore?s main banks from ?stable? to negative,? citing rapid loan growth and rising real-estate prices.

Moody?s said these ?have increased the probability of deterioration in the banks? credit profiles under potential adverse conditions in the future.?

Menon said an estimated 5 percent to 10 percent of borrowers in Singapore ?have probably overleveraged on their property purchases ? that is, they have total debt service payments at more than 60 percent of their income.?

Lower-income households and those with lesser savings could be strained if mortgage rates rise.

?When interest rates rise, long before any bank gets into trouble, some households will,? he said. ?Banks must therefore practice responsible lending and consider the ability of borrowers to service their debt in a sustainable manner.?

Housing loans by banks have risen 18 percent each year over the past three years, he said.

Home loans as a percentage of GDP currently stand at 46 percent, up from 35 percent three years ago, he added.

Menon said the central bank was closely watching the situation.

Singapore?s three homegrown lenders undertake regular stress tests coordinated by the central bank, and are ?well capitalized with prudent provisions against loss,? Menon said.

Separately, Menon said Singapore will ?comfortably meet? its economic growth forecast of 1 percent to 3 percent this year as demand from the eurozone and the US picks up.

?The advanced economies are in a better shape this year. The tail risks have receded and there is less likelihood of a eurozone break-up or fiscal cliff in the US,? he said.

Source: http://libertytimes.feedsportal.com/c/33098/f/535603/s/2f0fa9ad/sc/2/l/0L0Staipeitimes0N0CNews0Cbiz0Carchives0C20A130C0A70C240C20A0A35680A0A2/story01.htm

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Players deplore doping rather than defend users

FILE - In this Feb. 24, 2012 file photo, Milwaukee Brewers' Ryan Braun speaks during a news conference at baseball spring training in Phoenix. The 2011 National League MVP was suspended without pay for the rest of the season and the postseason Monday, July 22, 2013, the start of sanctions involving players reportedly tied to a Florida clinic accused of distributing performance-enhancing drugs. (AP Photo/Jae C. Hong, File)

FILE - In this Feb. 24, 2012 file photo, Milwaukee Brewers' Ryan Braun speaks during a news conference at baseball spring training in Phoenix. The 2011 National League MVP was suspended without pay for the rest of the season and the postseason Monday, July 22, 2013, the start of sanctions involving players reportedly tied to a Florida clinic accused of distributing performance-enhancing drugs. (AP Photo/Jae C. Hong, File)

A statue of Major League Baseball Commissioner Bud Selig is displayed outside of Miller Park where a banner showing suspended Milwaukee Brewers star Ryan Braun hangs before a baseball game between the Brewers and the San Diego Padres Tuesday, July 23, 2013, in Milwaukee. (AP Photo/Morry Gash)

FILE - In this April 22, 2012 file photo, Milwaukee Brewers' Ryan Braun, front right, poses with his MVP trophy and Brewers Hall-of-Famer Robin Yount, left, before a baseball game against the Colorado Rockies in Milwaukee. Braun was suspended without pay for the rest of the season and the postseason Monday, July 22, 2013, the start of sanctions involving players reportedly tied to a Florida clinic accused of distributing performance-enhancing drugs. (AP Photo/Morry Gash, File)

FILE - In this Feb. 24, 2012 file photo, Milwaukee Brewers' Ryan Braun, right, speaks during a news conference at spring training baseball, in Phoenix. Braun stood on a spring training field and proclaimed he was innocent of using banned testosterone. "I would bet my life," he said back then, "that this substance never entered my body at any point." Seventeen months later, he accepted a 65-game suspension from baseball and admitted, "I am not perfect (AP Photo/Jae C. Hong, File)

FILE - In this Feb. 24, 2012 file photo, Milwaukee Brewers' Ryan Braun speaks during a news conference at spring training baseball in Phoenix. Braun stood on a spring training field and proclaimed he was innocent of using banned testosterone. "I would bet my life," he said back then, "that this substance never entered my body at any point." Seventeen months later, he accepted a 65-game suspension from baseball and admitted, "I am not perfect. The 2011 National League MVP was suspended without pay for the rest of the season and the postseason Monday, July 22, 2013, the start of sanctions involving players reportedly tied to a Florida clinic accused of distributing performance-enhancing drugs. (AP Photo/Jae C. Hong, File)

(AP) ? Protective no more, baseball players are downright disgusted these days with doping.

Now they are demanding even stiffer suspensions for those caught cheating.

"It's a new generation of athletes that are standing up," Travis Tygart, chief executive of the U.S. Anti-Doping Agency, said Tuesday. "The culture's been flipped on its head."

When Ryan Braun accepted a season-ending 65-game suspension Monday rather than fight Major League Baseball over evidence he used performance-enhancing drugs, fellow players appeared tired of those who cast shadows on the sport.

"They're lying to the fans," Los Angeles Angels pitcher C.J. Wilson said. "They're lying to their teammates. They're lying to their GMs, their owners, and they're going to get caught."

Skip Schumaker of the Los Angeles Dodgers said Braun, the 2011 NL MVP for the Milwaukee Brewers, let him down.

"Watching him talk right now makes me sick," Schumaker said. "I have an autographed Braun jersey in my baseball room that I'll be taking down. I don't want my son identifying what I've worked so hard to get to and work so hard to have ? I don't want him comparing Braun to me."

Matt Kemp of the Los Angeles Dodgers, who finished second to Braun in the 2011 MVP vote, said the Milwaukee slugger should be stripped of the honor.

"We had conversations, and I considered him a friend," Kemp said. "I don't think anybody likes to be lied to, and I feel like a lot of people have felt betrayed."

Braun tested positive for elevated testosterone in October 2011 but successfully overturned a 50-game penalty when an arbitrator ruled the outfielder's urine sample was handled improperly. Braun loudly proclaimed his innocence then.

"I thought this whole thing has been despicable on his part," Detroit pitcher Max Scherzer said. "When he did get caught, he never came clean. He tried to question the ability of the collector when he was caught red-handed. So that's why the whole Braun situation, there is so much player outrage toward him."

Arizona pitcher Brad Ziegler remembered back to the 2011 NL division series, when the Brewers beat the Diamondbacks 3-2 in a best-of-five playoff as Braun went 9 for 18 with a home run and four RBIs.

"Obviously it affected the series, because that's right when the positive test occurred. That's when it was highest in his system, and he torched us that series," Ziegler said. "We can't put it all on that. Looking back on it, we walked away from that series knowing we should have won it before we heard he tested positive. At least he didn't get away with it now."

New York Yankees manager Joe Girardi said Braun was guilty.

"You don't accept a deal unless you're guilty," he said.

"It's another black eye for our game. I know this game is very resilient, and there's been a lot of scandals over the years, but you get tired of it," Girardi added.

He may soon face his own problem with a star slugger.

More than a dozen players have been targeted by MLB in its probe of the closed anti-aging clinic Biogenesis of America, including three-time AL MVP Alex Rodriguez of the Yankees.

The next step will be for MLB to inform the union of additional players it intends to penalize, which could happen as early as a meeting on Thursday, a person familiar with the investigation said, speaking on condition of anonymity because no statements were authorized.

New York expects A-Rod could face a much harsher penalty than the one Braun agreed to, a second person familiar with the case said, also speaking on condition of anonymity because no statements were authorized.

The Yankees anticipate Rodriguez could be accused of using PEDs over multiple seasons, of recruiting other athletes for the clinic, of attempting to obstruct MLB's investigation, and of not being truthful with MLB in the past when he discussed his relationship with Dr. Anthony Galea, who pleaded guilty two years ago to a U.S. federal charge of bringing unapproved drugs from Canada into the United States.

Players have the right to have an arbitrator decide whether discipline meets the "just cause" standard in baseball's drug agreement. Braun's decision not to fight led others to conclude a grievance would have been futile.

"Obviously the evidence was overwhelming, and it must have been a mountain of it," Tygart said.

"I think it speaks volumes for the generation of athletes today who don't want to be forced to make the same mistakes of the past generation who felt compelled in order to compete to use these dangerous drugs," he said. "I think absolutely that's a huge sign that the culture has turned in a huge direction from where it was in the late '90s and early 2000s."

In the wake of Braun's suspension, a chain of 300 convenience stores in Wisconsin, Minnesota and Iowa cut ties with him. Gary Gonczy, director of marketing and advertising for Kwik Trip, Inc., said in an email Tuesday that the company will no longer use Braun as a spokesman.

Despite Braun's ban, Kemp has no shot at claiming the MVP trophy. The Baseball Writers' Association of America has said repeatedly that it will not revisit any of its award votes.

"The decision was already made. He won it," said Jack O'Connell, the BBWAA's secretary-treasurer.

Commissioner Bud Selig said in March he wants even stiffer drug penalties, and union head Michael Weiner said players will consider toughened rules for 2014.

While Braun's 65-game penalty is 15 games longer than the current standard for a first offense, Scherzer thinks it's insufficient.

"The Brewers are unlikely to make the playoffs. He misses 2013, and they are set for 2014," he said. "For someone that cheated the game as badly as he did, it just doesn't seem right."

___

AP Sports Writer Andrew Seligman in Chicago and AP freelance writers Jonathan Dalton in Phoenix and Ian Harrison in Toronto contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-07-24-Baseball-Drugs/id-3a9ba8b3519740209d03070bd81f42e0

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Want the first big-screen OLED TV in US? It's yours for $14,999

LG

15 hours ago

LG 55EA9800 OLED HDTV

LG

LG 55EA9800 HDTV is the first big-screen OLED TV to go on sale in the U.S. ??for "just" $14,999.

Richfield, Minn. - LG has finally begun selling the first 55-in. OLED HDTV in the U.S., a year and a half since it first showed off the stunning TV. Monday's announcement confirms that Best Buy will be the exclusive dealer at launch, and the price the LG OLED model 55EA9800 will be $14,999.

"Organic light emitting diode" TV technology sheds light pixel by pixel, so it promises an infinite contrast ratio, besting any other display technology with completely black blacks. It's also very fast, so you don't have refresh-rate issues, and the viewing angle is exceptionally wide.

The 55EA9800 weighs just 38 lbs. And while the panel itself is just 0.17 inches thick, LG has decided to curve the screen, increasing the overall depth.

LG?s first 55-inch OLED uses LG?s proprietary "WRGB" technology, with a white sub-pixel working in conjunction with the red, green and blue sub-pixels.

The 55EA9800 offers THX certification, joining a handful of HDTV displays capable of meeting the strict test procedures and standards for high image quality.

The LG OLED is a full featured television with 3-D, smart Internet functions for streaming video and social media. For the price, you also get LG?s Magic Remote control with both speech recognition and gesture control.

Best Buy will continue to roll out LG?s OLED HDTV over the next few weeks, starting with the location in Richfield, Minn., near Best Buy headquarters. But don't expect to see these premium sets all over. The retailer is targeting the specialty Magnolia shops located inside its larger stores in Los Angeles, New York, Miami, Houston, Dallas, San Francisco, Chicago, Seattle and San Antonio. It will follow up with a national roll out to all of its Magnolia internal stores by end of this summer.

HD Guru is in Richfield today, drilling LG executives for more details and specifications and will follow up soon with a hands-on report.

For further information, including the LG press release, visit the original HD Guru story.

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