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Source: http://forums.ferra.ru/index.php?showtopic=54920
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Michelle Obama challenged America's top CEOs on Wednesday to "think outside the box" and hire more veterans.
The first lady said that, while declines in overall unemployment are encouraging, joblessness among the 9/11 generation of veterans ? those who served in the wars in Iraq and Afghanistan ? is nearly two points higher than the national average, at 9.4 percent. She said that figure means that about 200,000 veterans don't have jobs, not including their spouses and those who will return home after the U.S. ends its combat mission in Afghanistan.
Unemployment nationwide fell two-tenths of a point last month to 7.7 percent, its lowest level in more than four years.
Addressing a meeting of the Business Roundtable, which represents chief executive officers of the 200 largest U.S. corporations, Mrs. Obama said the "Joining Forces" campaign she launched two years ago with Jill Biden, the vice president's wife, to rally the country around its military members, has led businesses to hire or train more than 125,000 veterans and military spouses. The private sector also has pledged to hire or train 250,000 more veterans by the end of 2014.
But, the first lady said, "we've still got a lot more work to do."
"Whether you're in finance or technology or the food industry, every single one of you can ask yourselves that same question: 'What more can we do?'" she said. "So today, I want to challenge all the members of the Business Roundtable to answer that question for your business."
"Think outside the box, take real risks and work together to make big, bold commitments to hire our veterans and military spouses and help them reach their full potential within your companies. Show them that your business is there for them for the long haul," the first lady said.
In challenging the CEOs, Mrs. Obama highlighted Wal-Mart's pledge this year to hire more than 100,000 veterans in the next five years as part of its plan to help jumpstart the economy. Wal-Mart Stores Inc. is the world's largest retailer and biggest private employer in the U.S. with 1.4 million workers.
Wal-Mart also has made an open-ended commitment to hire any honorably discharged veteran who is still looking for a job a year after they leave the military and wants to work for the retailer.
Separately, UPS said Wednesday that it will hire more than 25,000 veterans over the next five years and commit more than 25,000 employee volunteer hours to helping veterans and the organizations that serve them.
In her remarks, Mrs. Obama disclosed that vice presidents and human resource professionals from Business Roundtable companies met with White House officials last week to talk about how to find people with the particular skills needed at their businesses.
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Also ReadSource: http://news.yahoo.com/michelle-obama-urges-ceos-hire-more-veterans-160605576.html
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Melbourne IT (ASX: MLB) today announced it had entered into definitive agreements with respect to the sale of its Digital Brand Services (DBS) division to US-based Corporation Services Company (CSC) for a cash consideration of A$152.5 ($157.2 USD) million. The completion of the transaction occurred simultaneously with execution of these agreements.
Key Points:
DBS provides online brand protection and consultancy services to large global organisations seeking to maximise the value of their online assets. The division was created in 2008 when Melbourne IT combined its Corporate Brand Services division with the Verisign DBMS business which the company had acquired for US$50 million.
The agreed sale price of A$152.5 million for DBS illustrates a significant growth in value of the business over the past four years, and represents a valuation of 16x 2012 segment EBIT (pre-corporate allocations) of $9.5 million and is equivalent to 95% of Melbourne IT?s market capitalisation pre-DBS sale (as of 11 March 2013). The sale achieves the Melbourne IT Board?s stated objective of its strategic review to unlock shareholder value by realising the intrinsic value of its businesses.
Melbourne IT Chairman, Simon Jones, said: ?The Board firmly believes this transaction is in the interests of shareholders.?
Ten per cent of the A$152.5 million purchase price will be held in escrow for 15 months. Net proceeds from the transaction will depend on Melbourne IT?s capital gains tax liability, transaction and other associated costs, and other sale related adjustments, however are expected to be in the order of A$135-140 million. After retiring outstanding debt of US$35 million, Melbourne IT will consider a range of capital management options as a result of the sale.
?The sale of DBS is a substantial result for shareholders. The transaction has crystallised a value for the business almost equivalent to Melbourne IT?s current market capitalisation, and represents a strong multiple of earnings relative to other recent transactions for this type of business. While this was not a business that we had specifically earmarked for sale, given the value creation provided by the transaction, this was an opportunity which could not be ignored,? Melbourne IT CEO and Managing Director, Theo Hnarakis, said.
?Management and the Board are now concentrating on updating the strategic plan for the business following the divestiture so we can provide clarity to shareholders before the AGM in May. We are confident that Melbourne IT?s remaining business divisions will benefit significantly from the arrival of new gTLDs, the completion of the Transformation program, and management?s clearer focus on executing our plans,? he said.
Corporation Service Company (CSC) Vice President, Jim Stoltzfus, said of the sale: ?We were attracted to the global scale and capabilities of DBS to combine with CSC?s leadership position in providing corporate domain and online services to create the best partner for companies worldwide to turn to for helping them manage, promote and protect their brands in the digital marketplace.?
The proceeds of the DBS sale will be realised in Melbourne IT?s 2013 financial year which began January 1, 2013. In the interest of shareholders, Melbourne IT has decided to suspend the Dividend Reinvestment Plan while the strategic review completes.
Melbourne IT is being advised on the transaction by King & Wood Mallesons and Lazard.
ENDS.
About Melbourne IT
Melbourne IT (ASX: MLB) helps organizations of all sizes to successfully conduct business online. Our complete portfolio of Internet-based technology services drives business effectiveness and profitability for more than 400,000 customers around the world.
The breadth of Melbourne IT?s offering extends from helping small businesses build an online presence through to managing the complex technology environments of large enterprises and governments ? including Internet domain name services, web hosting, online brand protection and promotion, managed IT services and more.
Melbourne IT?s culture of integrity, innovation, collaboration and customer centricity has been built by more than 650 employees spread across 18 offices in 10 countries. For more information, visit www.melbourneit.info.
About Corporation Service Company
Founded in 1899, Corporation Service Company (CSC) provides business, legal, and financial services to many of the world?s largest companies, law firms, and financial institutions.
An ICANN-accredited domain name registrar since 1999, CSC is the trusted partner of more than half the 100 Best Global Brands (Interbrand?) and the customer approval leader for domain name and online services (World Trademark Review, 2010). CSC offers an end-to-end solution for every corporate brand protection need, from strategic domain registration and online monitoring to digital certificates and trademark screening.
CSC has more than 1,600 employees located throughout North America and Europe. Visit www.cscglobal.com to learn more.
About the Author:
Konstantinos Zournas lives in Athens, Greece. He studied Computer Engineering and Computer Science in the UK. He has been a domainer, among other things, for the past 10 years. He does consulting, website development and programming. He is mainly writing about domain names but other things may come up. You can find him at Google+
Konstantinos Zournas ? who has written 454 posts on Online Domain.
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WASHINGTON (AP) ? Top Senate Democrats and Republicans Monday night released a catchall government funding bill that denies President Barack Obama new money for implementing signature first-term accomplishments like new regulations on Wall Street and his expansion of government health care subsidies but provides modest additional funding for domestic priorities like health research and highway projects.
Monday's measure is the product of bipartisan negotiations and is the legislative vehicle to fund the day-to-day operations of government through Sept. 30 ? and prevent a government shutdown when current funding runs out March 27.
It sets a path for government in the wake of across-the-board spending cuts that took effect March 1. In most cases the minor changes in agency budgets amount to housekeeping within a trillion-dollar cap for the day-to-day operations of agencies in the current budget year.
Passage in the Senate this week seems routine and could presage an end to a mostly overlooked battle between House Republicans and Obama and his Senate Democratic allies over the annual spending bills required to fund federal agency operations.
The measure expands upon House GOP legislation that passed last week, adding sometimes symbolic funding and flexibility for scores of programs and challenges House Speaker John Boehner, R-Ohio, who warned Democrats last week not to load the measure up too much.
But each of the additional items was drawn from earlier informal House-Senate agreements, and top Senate Appropriations Committee Republican Richard Shelby of Alabama has signed on.
The bipartisan measure comes as Washington girds for weeks of warfare over the budget for next year and beyond as both House and Senate Budget Committees this week take up blueprints for the upcoming 2014 budget year.
The first salvo in that battle is coming from House Republicans poised to release on Tuesday a now-familiar budget featuring gestures to block "Obamacare," turn Medicare into a voucher-like program for future retirees and sharply curb Medicaid and domestic agency budgets. Such ideas are dead on arrival with Obama and Democrats controlling the Senate, but will ? in concert with new taxes on the wealthy enacted in January ? allow Republicans to propose a budget that would come to balance within 10 years.
"We think we owe the American people a balanced budget," House Budget Committee Chairman Paul Ryan said on "Fox News Sunday."
Senate Democrats are countering on Wednesday with a budget plan mixing tax increases, cuts to the Pentagon and relatively modest cuts to domestic programs. The measure would not reach balance, but it would undo automatic budget cuts that started taking effect this month and largely leaves alone rapidly growing benefit programs like Medicare.
"We need to make sure that everybody participates in getting us to a budget that deals with our debt and our deficit responsibly," Budget Committee Chairwoman Patty Murray, D-Wash., said Monday evening.
The upcoming debate over the long-term budgetary future promises to be stoutly partisan, even as Obama is undertaking outreach to rank-and-file Republicans in hopes of sowing the seeds for a bipartisan "grand bargain" on the budget this year after two failed attempts to strike agreement with House Speaker John Boehner. Obama's budget is already weeks overdue and Press Secretary Jay Carney deflected questions about it Monday, other than to promise that it would "for a period of time" bring deficits below 3 percent of gross domestic product, a measure that many analysts say is sustainable without damaging the economy.
The wrap-up spending bill for the half-completed fiscal year released Monday, however, is another matter entirely. It's a lowest common denominator approach that gives the Pentagon much-sought relief for readiness accounts but adds money sought by Democrats like Appropriations Committee Chairwoman Barbara Mikulski, D-Md., for domestic programs such as Head Start, health research, transportation and housing.
The Senate measure would award seven Cabinet departments ? including Defense, Commerce, justice, Agriculture and Veterans Affairs ? with their line-by-line detailed budgets, but would leave the rest of the government running on autopilot at current levels. All domestic agencies except for Veterans Affairs would then be subject to a 5 percent across-the-board cut while the Pentagon would bear an 8 percent cut.
Mikulski needs GOP votes to pass the measure through the Senate, which Democrats control with 55 votes but where 60 votes are required for virtually every piece of substantive legislation. Using their leverage, Republicans have denied a White House request for almost $1 billion to help set up state health-care exchanges to implement Obamacare as well as smaller requests for financial regulators to implement the 2010 Dodd-Frank law overhauling regulation of Wall St. and for the IRS to police tax returns.
It is hoped that the pre-negotiated Senate measure could return to the House ? which passed a different catchall spending bill last week ? and pass through that chamber unchanged and be sent on to Obama well in time to avert a politically disastrous government shutdown.
House Republicans weighed in strongly and successfully against a proposal by Mikulski to give the Obama administration greater flexibility to transfer funds between accounts to cope with the across-the-board spending cuts, known as sequestration. By law, the across-the-board cuts are supposed to be taken in equal measure from front-line programs like air traffic control, meat inspection and the Border Patrol and lower-priority items such as agriculture research and subsidies for airline travel to rural airports.
Even as many Republicans attack the administration for choices such as ending White House tours or canceling early snow removal from Yellowstone National Park, Republicans on the House Appropriations Committee in particular fear that giving Obama greater flexibility would erode Congress' control over the federal purse, which is enshrined in the Constitution and zealously guarded.
Thirty-eight Senate Republicans voted last month to give Obama significant flexibility to manage the automatic cuts, including Shelby and Minority Leader Mitch McConnell of Kentucky.
Source: http://news.yahoo.com/senate-democrats-unveil-government-funding-bill-021140583--politics.html
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You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/tvEU_LFmFic/
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Netflix has long been judging your ISP's streaming quality, but you've had to dig around blog posts and other less accessible pages to get the low-down on just which networks reign supreme. Its new, dedicated ISP Speed Index page is much more straightforward: stop by and you'll always have a quick glimpse of which internet providers are the most Netflix-friendly across key countries, with more detailed breakdowns for individual nations. Not that there's been an upheaval in the pecking order, at least if you're an American. Google Fiber was once again the clear US speed leader in February, while DSL and Clearwire's WiMAX trailed the pack. The site mostly provides a handy point of reference for ISP shopping, even if it suggests that a cross-country (or cross-planet) move might be in order.
Filed under: Home Entertainment, Internet
Source: Netflix ISP Speed Index
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Z2yATTkrGsk/
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