Steve Wynn Says Business Is 'Frightened' of Obama - Yahoo! Finance

Steve Wynn says the Obama administration's policies have directly resulted in American business leaders sitting on their bankrolls rather than investing in projects that would create jobs. Wynn, the founder and CEO of Wynn Resorts (WYNN), told Nevada television host Jon Ralston yesterday that he passed on a $2 billion project that could have created as many as 35,000 jobs because he's "afraid of the President," adding that every business guy Wynn knows is "frightened of Barack Obama and the way he thinks."

Breakout asked Hugh Johnson, chairman and CIO of Hugh Johnson Advisors and a job creator in his own right, if Wynn is onto something or just grinding an ax.

Wynn Is "Right on the Mark"

In the attached video Johnson says Wynn is dead right. The rub for Johnson is the proposed tax hike for those making over $250,000 a year. It's not a matter of fair share but of bad business. Many of those people are owners and operators of small businesses. Tax small business people at a higher rate and they'll have less money to hire.

As the owner of a small business himself, Johnson says he would see his taxes rise as a result of the proposed hikes. "I would be affected by an increase in taxes, and that's obviously going to do something to my appetite to hire some new people; it's going to reduce it."

Johnson rejects the notion that the wealthy are opposed to higher taxes because of outsized greed and a lack of compassion. Obama's "creeping policy" against small business in favor of those in need paradoxically limits the beneficiaries' chances of getting a job. Taking money out of the hands of employers is "not how you put the U.S. economy on the road to recovery," as Johnson sees it.

Rising Uncertainty on the Election

Even with the sense that the deck is increasingly stacked against him and his fellow business owners, Johnson doesn't think policy is the main culprit behind the economy recovering without as many jobs as would be expected. A far bigger concern is a lack of certainty on what the tax rates will ultimately be. It's impossible to know whether or not hiring makes economic sense when you don't know what your rates are going to be. Romney's comeback in the polls doesn't help ? at least for now.

"I want to see who's going to win this election, and I really want to see what the tax and spending policies are going to be for the next four years," says Johnson. "I don't know that right now, so I'm putting things on hold now and waiting for the outcome of this election."

Even if Romney wins the White House come February, there's no guarantee his policies will actually be put in place. But that's a problem for another day. For now guys like Steve Wynn and Hugh Johnson would be happy just to feel like they aren't the scapegoats for a recovery that continues to feel like a recession.

Source: http://finance.yahoo.com/blogs/breakout/steve-wynn-says-business-fightened-obama-145359421.html

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How food marketers can help consumers eat better while improving their bottom line

[ Back to EurekAlert! ] Public release date: 11-Oct-2012
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Contact: Sandra Cuellar-Healey
foodandbrandlab@cornell.edu
607-254-4960
Cornell Food & Brand Lab

Does food marketing need to make us fat? A review and solutions

Food marketers are masters at getting people to crave and consume the foods that they promote. In this study authors Dr. Brian Wansink, co-director of the Cornell University Center for Behavioral Economics in Child Nutrition and Professor of Marketing and Dr. Pierre Chandon, professor of Marketing at the leading French graduate school of business, INSEAD challenge popular assumptions that link food marketing and obesity. Their findings presented last weekend at the Association for Consumer Research Conference in Vancouver, Canada point to ways in which smart food marketers can use the techniques that peak consumer appetite for calorie-dense fast foods to help people eat better and improve their bottom line as well.

"People generally want food that tastes good while being affordable, varied, convenient and healthy roughly in that order. Our research suggests that consumption of healthy and unhealthy food respond to the same marketing tactics, particularly price reduction. In this study we present food marketers with a 'win-win' situation in which they can turn the tables, compel consumers to eat healthier foods, and maintain profitability. For example, marketers can steer consumers away from high-calorie sugary drinks by offering meal discounts if a person buys a diet drink or by offering a healthy habit loyalty card when consumers opt for milk, juice or water instead of sugary drinks. "When all sides win, no one resists," Wansink said.

###

The study's findings are published in the October issue of the journal Nutrition Reviews under the title, "Does Food Marketing Need to Make Us Fat? A Review and Solutions." The study is also discussed in more detail at: http://foodpsychology.cornell.edu/outreach/fat.html


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


[ Back to EurekAlert! ] Public release date: 11-Oct-2012
[ | E-mail | Share Share ]

Contact: Sandra Cuellar-Healey
foodandbrandlab@cornell.edu
607-254-4960
Cornell Food & Brand Lab

Does food marketing need to make us fat? A review and solutions

Food marketers are masters at getting people to crave and consume the foods that they promote. In this study authors Dr. Brian Wansink, co-director of the Cornell University Center for Behavioral Economics in Child Nutrition and Professor of Marketing and Dr. Pierre Chandon, professor of Marketing at the leading French graduate school of business, INSEAD challenge popular assumptions that link food marketing and obesity. Their findings presented last weekend at the Association for Consumer Research Conference in Vancouver, Canada point to ways in which smart food marketers can use the techniques that peak consumer appetite for calorie-dense fast foods to help people eat better and improve their bottom line as well.

"People generally want food that tastes good while being affordable, varied, convenient and healthy roughly in that order. Our research suggests that consumption of healthy and unhealthy food respond to the same marketing tactics, particularly price reduction. In this study we present food marketers with a 'win-win' situation in which they can turn the tables, compel consumers to eat healthier foods, and maintain profitability. For example, marketers can steer consumers away from high-calorie sugary drinks by offering meal discounts if a person buys a diet drink or by offering a healthy habit loyalty card when consumers opt for milk, juice or water instead of sugary drinks. "When all sides win, no one resists," Wansink said.

###

The study's findings are published in the October issue of the journal Nutrition Reviews under the title, "Does Food Marketing Need to Make Us Fat? A Review and Solutions." The study is also discussed in more detail at: http://foodpsychology.cornell.edu/outreach/fat.html


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

?


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


Source: http://www.eurekalert.org/pub_releases/2012-10/cfb-hfm101012.php

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2 dead, 1 still missing in Fla. garage collapse

A five-story parking garage is shown after it collapsed at Miami-Dade College, Wednesday, Oct. 10, 2012 in Miami, killing one worker and trapping two others in the rubble, officials said. Several other workers were hurt, including one rescued from the debris. (AP Photo/Lynne Sladky)

A five-story parking garage is shown after it collapsed at Miami-Dade College, Wednesday, Oct. 10, 2012 in Miami, killing one worker and trapping two others in the rubble, officials said. Several other workers were hurt, including one rescued from the debris. (AP Photo/Lynne Sladky)

Fire Rescue officials work to remove a victim from the collapsed parking garage at the Miami Dade College West campus in Doral, Fla. Tuesday, Oct. 10, 2012 . A section of a parking garage under construction at a community college collapsed killing one worker and trapping two others in the rubble, officials said. At least 10 other workers were hurt when the roof of the five-story concrete garage fell, creating a pancake-style collapse on the campus of Miami-Dade College, officials said. (AP Photo/J Pat Carter)

MIAMI (AP) ? After one man's dramatic rescue, rescue crews planned to continue searching Thursday for a construction worker still missing in the rubble of a five-story parking garage that collapsed a day earlier at a South Florida college, killing two and injuring several others.

Officials said they expect to find another body in the rubble.

Early Thursday, workers pulled a man from the rubble some 13 hours after the garage fell. The survivor, whose name and age were not released, was taken by helicopter to a trauma center in Miami, said Miami-Dade Fire Rescue Capt. Louie Fernandez. An update on his condition was not available Thursday morning.

The worker was located by rescuers who heard his cries from amid the rubble not long after the roof of the five-story garage fell, creating a pancake-style collapse.

Officials said three people were initially trapped in the rubble, including one of the two workers who died, said Miami-Dade Fire-Rescue spokeswoman Griselle Marino. A third man was pulled out alive and brought to a hospital shortly after the collapse Wednesday. A video shot by Miami-Dade Fire-Rescue and provided to The Associated Press showed four firefighters pulling him out from under a steel beam. His face and hands were bloody and he was put on a stretcher and carried away.

Seven workers were brought to the hospital with unidentified injuries while an eighth was treated on the scene and sent home.

There were no students in the area because the garage was under construction. The campus was evacuated and closed for the rest of the week. Investigators planned to pick through the rubble to see what caused the garage to crumble.

"We just know that the roof collapsed," Marino said.

One worker was still unaccounted for, and authorities expected to find at least one more body in the rubble, said Miami-Dade Fire-Rescue Assistant Chief David Downey. Late Wednesday, a man at the scene who declined to identify himself said he believed his brother, who was working at the garage at the time of the collapse, was still inside somewhere.

Downey said it was highly unlikely anyone left in the rubble would still be alive, and that authorities would now focus on recovery rather than rescue.

Victoria Buczynski of Miami said she saw the collapse while she was working at Gurkha Cigars across the street from the construction site at the Miami-Dade College.

"It fell to the ground like a house of cards," Buczynski said. "The construction workers started running out, screaming. It was loud. Our entire building shook."

William P. Byrne, president and chief executive officer of the garage contractor, Ajax Building Corp., said an internal review was being launched to determine the cause. Byrne said the company would embrace "any additional protocols, policies and procedures that will enhance and ensure the continued priority of safety."

Ground was broken on the $22.5 million project in February, and the 1,855-space garage was to be finished in December, according to Ajax's website. The first floor was to have classroom and office space. The structure is next to the college's main office building and nestled among other campus buildings.

The college serves about 8,000 students and is one of several campuses in the Miami-Dade College system. The campus opened in 2006.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-10-11-College%20Garage-Collapse/id-88c90e953a2d4fa59fec3040bf37a8ce

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Justices open big term with new human rights case

People wait in line to enter the Supreme Court in Washington, Monday, Oct. 1, 2012. The Supreme Court is embarking on a new term that could be as consequential as the last one with the prospect for major rulings about affirmative action, gay marriage and voting rights. (AP Photo/Carolyn Kaster)

People wait in line to enter the Supreme Court in Washington, Monday, Oct. 1, 2012. The Supreme Court is embarking on a new term that could be as consequential as the last one with the prospect for major rulings about affirmative action, gay marriage and voting rights. (AP Photo/Carolyn Kaster)

FILE - This Oct. 8, 2010 file photo shows the justices of the U.S. Supreme Court in a group portrait at the Supreme Court Building in Washington. The Supreme Court is embarking on a new term beginning Monday, Oct. 1, 2012, that could be as consequential as the last one with the prospect for major rulings about affirmative action, gay marriage and voting rights. Seated from left to right are: Associate Justice Clarence Thomas, Associate Justice Antonin Scalia, Chief Justice John G. Roberts, Associate Justice Anthony M. Kennedy, Associate Justice Ruth Bader Ginsburg. Standing, from left are: Associate Justice Sonia Sotomayor, Associate Justice Stephen Breyer, Associate Justice Samuel Alito Jr., and Associate Justice Elena Kagan. (AP Photo/Pablo Martinez Monsivais)

Women pray on the front steps of the Supreme Court in Washington, Monday, Oct. 1, 2012. The Supreme Court is embarking on a new term that could be as consequential as the last one with the prospect for major rulings about affirmative action, gay marriage and voting rights. (AP Photo/Carolyn Kaster)

The Supreme Court is seen in Washington, Monday, Oct. 1, 2012. The Supreme Court is embarking on a new term that could be as consequential as the last one with the prospect for major rulings about affirmative action, gay marriage and voting rights. (AP Photo/Carolyn Kaster)

Nigerian widow Esther Kiobel, a plaintiff in Kiobel v. Royal Dutch Petroleum, cries as she speaks outside the Supreme Court in Washington, Monday, Oct. 1, 2012. Standing with her second from left is Brad Weikel with EarthRights International. (AP Photo/Carolyn Kaster)

(AP) ? The Supreme Court plunged into its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities. The next nine months hold the prospect for major rulings on affirmative action, gay marriage and voting rights.

The term that concluded in June set a high bar for drama and significance, and the new one holds considerable potential as well. Cases involving some of the most emotional issues in American life are likely to be decided after voters choose a president and new Congress next month.

Meeting on the first Monday in October, as required by law, the justices entered the crowded marble courtroom for the first time since their momentous decision in late June that upheld President Barack Obama's health care overhaul.

The decisive vote in favor of Obamacare, Chief Justice John Roberts was smiling as he led the justices into the courtroom just after 10 a.m. The conservative chief justice will be watched closely in the coming months for any new indications of a willingness to side with the court's liberals, as he did in the health care case.

The lineup of justices was the same as in June, but the bench had a slightly different look nonetheless. Justice Antonin Scalia was without the glasses he no longer needs following cataract surgery over the summer.

The exterior of the building also looked different. The familiar columns are sheathed in scaffolding, which itself is covered in fabric made to look like the iconic front of the court.

Roberts formally opened the term, and the court turned quickly to its first argument, which could have far-reaching implications.

The dispute involves a lawsuit against Royal Dutch Petroleum, or Shell Oil, over claims that the company was complicit in murder and other abuses committed by the Nigerian government against its citizens in the oil-rich Niger Delta.

Human rights groups are warily watching the case because it would be a major setback if the court were to rule that foreign victims could not use American courts, under a 1789 law, to seek accountability and money damages for what they have been through.

The justices appeared ready to impose some limits, but it was unclear how far the court would go to shield businesses and perhaps individuals as well, from human rights lawsuits under the 223-year-old Alien Tort Statute.

Justice Samuel Alito said the Nigerian case has no connection to this country because the businesses, the victims and the location of the abuse all are foreign. "Why does this case belong in the courts of the United States?" Alito asked.

Among other concerns raised by the justices was the prospect that U.S. firms could "be sued in any country in any court in the world," in Justice Anthony Kennedy's words.

The Obama administration is partly on the oil company's side in this case. "There just isn't any meaningful connection to the United States," Solicitor General Donald Verrilli Jr. said.

But Verrilli also said the court should not issue a broad ruling that would foreclose all similar lawsuits even when the corporation being sued is American. The administration is not endorsing such lawsuits, but argues that the broader question should wait for an appropriate case. U.S. allies also oppose a broad interpretation of the law.

The Alien Tort Statute went unused for most of American history until rights lawyers dusted it off beginning in the late 1970s. Lawsuits have been brought against individuals who allegedly took part in abuses and, more recently, against companies that do business in places where abuses occur as well as in the United States.

Paul Hoffman, a Venice, Calif.-based lawyer who represents the Nigerian victim, drew a parallel to Nazi Germany and the role played by chemical giant I.G. Farben in supplying Nazi death camps with poison gas.

"Is it the case that a modern-day I.G. Farben would be exempt from the Alien Tort Statute?" Hoffman said.

Business interests argue they are being subjected to claims over the bad behavior of foreign regimes, which are shielded from lawsuits here under U.S. law.

The court first heard the case in February to consider whether businesses could be sued under the law. But the justices asked for additional arguments about whether the law could be applied to any conduct that takes place abroad.

A decision is expected by spring.

The first blockbuster case on the court's calendar is Oct. 10, when the justices will hear arguments in a fight over the University of Texas' affirmative action program. Texas uses multiple factors, including community service, work experience, extracurricular activities, awards and race, to help fill 20 to 25 percent of the spots in its freshman classes. The outcome could further limit or even end the use of racial preferences in college admissions.

The court also is expected to confront gay marriage in some form. Several cases seek to guarantee federal benefits for legally married same-sex couples. A provision of the 1996 Defense of Marriage Act deprives same-sex couples of a range of federal benefits available to heterosexual couples.

Several federal courts have agreed that the provision of the law is unconstitutional, a situation that practically ensures the high court will step in.

A separate appeal asks the justices to sustain California's Proposition 8, the amendment to the state Constitution that outlawed gay marriage in the nation's largest state. Federal courts in California have struck down the amendment.

The justices may not consider whether to hear the gay marriage issue until November.

Another hot topic with appeals pending before the high court, and more soon to follow, is the future of a cornerstone law of the civil rights movement.

In 2006, Congress overwhelmingly approved, and President George W. Bush signed, legislation extending for 25 more years a critical piece of the Voting Rights Act. It requires states and local governments with a history of racial and ethnic discrimination, mainly in the South, to get advance approval either from the Justice Department or the federal court in Washington before making any changes that affect elections.

The court spoke skeptically about the provision in a 2009 decision, but left it mostly unchanged. Now, however, cases from Alabama, North Carolina, South Carolina and Texas could prompt the court to deal head-on with the issue of advance approval. The South Carolina and Texas cases involve voter identification laws; a similar Indiana law was previously upheld by the court.

It is unclear when the justices will decide whether to hear arguments in those cases. Arguments themselves would not take place until next year.

The court itself has largely been absent as an issue on the presidential campaign trail. But the justices could become enmeshed in election disputes, even before the ballots are counted. Lawsuits in Ohio over early voting and provisional ballots appear the most likely to find their way to the justices before the Nov. 6 election, said Richard Hasen, an election law expert at the University of California at Irvine law school.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-10-01-Supreme%20Court-New%20Term/id-fe5f9591cfd1484085f4b5cad51f5e39

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Ultrabooks not yet ultradesirable, says report

12 hrs.

Ultrabooks are supposed to help satisfy MacBook Air lust? ? by being thin, light Apple knockoffs for Windows users ? but so far this year, they've been priced too high and buyers aren't ready to bite, according to IHS iSuppli.?

The research firm expected 22 million ultrabooks would be shipped worldwide in 2012; now the firm says that number will be 10.3 million, and most of those will be in the last quarter of this year.

For 2013,?IHS iSuppli had forecast shipments?of 61 million ultrabooks;?now, it says, it's looking more like 44 million.

"So far, the PC industry has failed to create the kind of?buzz and excitement?among consumers that is required to propel ultrabooks into the mainstream," said?Craig Stice, senior principal analyst for compute platforms at IHS, in a statement.

"This is especially a problem amid all the hype surrounding media tablets and smartphones," he said, specifically citing the iPhone 5, Kindle Fire HD and Microsoft Surface tablet, due out next month. "When combined with other factors, including prohibitively high pricing, this means that ultrabook sales will not meet expectations in 2012."

"High pricing"???at around $1,000???is definitely an issue when standard laptops still can be bought for much less,?many of them budget-priced models?at $400 and $500.

"Ultrabooks need to get?more systems?down to the $600?price?range in order to hit the volume level needed to enter the mainstream, down from prices at the $1,000 level now," Stice said.?

"If ultrabooks?using the new?Windows 8?operating system?come close to the $600 to?$700?range next year, while adding in an attractive new consumer feature such as a touchscreen,?a good chance?exists?for strong sales in 2013. If not???and ultrabooks stay at the $1,000 level???their sales?will?continue to struggle in 2013?as they must compete against?lower-priced options, such as tablets and smartphones."

Check out Technolog, Gadgetbox, Digital Life and In-Game on?Facebook,?and on?Twitter, follow Suzanne Choney.

Source: http://www.nbcnews.com/technology/technolog/ultrabooks-not-yet-ultradesirable-says-report-6206726

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Observatory: Scientific Inquiry Among the Preschool Set

[unable to retrieve full-text content]While playing, preschoolers are actually behaving like scientists, according to a new report: forming hypotheses, running experiments, calculating probabilities.

Source: http://www.nytimes.com/2012/10/02/science/scientific-inquiry-among-the-preschool-set.html?partner=rss&emc=rss

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Obama: Debate prep is ?a drag?

President Barack Obama phones volunteers to thank them for their efforts during a visit to at a local Obama campaign??President Barack Obama, holed up at a swank Las Vegas-area resort to get ready for his first debate with Mitt Romney, jokingly told a volunteer on Monday that debate prep can be "a drag."

Obama popped in his campaign's field office in Henderson, Nev., to give staff there a pep talk and phone a few volunteers, including Andrea Stinger. Pool reporter Carol Lee of the Wall Street Journal collected his comments.

"We had a great prep, and it was a lot of fun," he told Stinger. "It's very nice. Although basically they're keeping me indoors all the time. It's a drag. They're making me do my homework."

Obama campaign spokeswoman Jen Psaki declined to shed much light on the president's debate prep sessions, in which Democratic Sen. John Kerry has been playing Romney. But she again described how one of Obama's key goals was battling his tendency to be long-winded.

The president is trying to "make sure he is sharpening his answers and shortening the time it takes to make them."

Source: http://news.yahoo.com/blogs/ticket/obama-debate-prep-drag-230753126--election.html

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Yemeni government official escapes suicide attack

SANAA, Yemen (AP) ? Yemeni security officials say a government official who once led a local militia against al-Qaida in the country's south has survived a suicide attack. One of his guards died of wounds sustained in the attack.

The officials said the attacker detonated his explosives Saturday near the vehicle of Mohammed Aidarous, the head of Lawder district in Abyan province. The officials said the explosion left 10 wounded, including three civilians. One guard later died of his wounds in a hospital in Aden. Aidarous had led a local militia which fought alongside Yemen's military to drive al-Qaida militants out of their district.

It was the fourth assassination attempt against Aidarous, who was unharmed.

The officials spoke on condition of anonymity because they were not authorized to speak to the media.

Source: http://news.yahoo.com/yemeni-government-official-escapes-suicide-attack-183855978.html

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ianessling: Frightening part of deficit/debt statement from Obama is that he's either intentionally lying or doesn't know difference between the two.