Month: March 2012

Canada Eliminates Penny Costing Penny-and-a-Half to Make

BLOOMBERG:  Canada will withdraw the penny from circulation this year, saving taxpayers about C$11 million ($11 million) annually and forcing retailers to round prices to the nearest nickel, the government announced in its budget today. The Royal Canadian Mint, which has produced 35 billion pennies since it began production in 1908, will cease distribution this […]

Apple responds to critical report on Foxconn

FINANCIAL TIMES:  Apple sought to stem long-running criticism of its failure to ensure adequate conditions for Chinese workers making its iPhone and iPad as it threw its weight behind an independent report that detailed multiple abuses of labour codes. Hours after Tim Cook, Apple chief executive, toured a Chinese production line of Foxconn, a main […]

Economy grew 3% in 4Q 2011, jobless claims still falling

USA TODAY/ AP:   …In a separate report, initial claims for unemployment benefits fell 5,000 to 359,000 for the most recent week measured. The four-week moving average of claims for jobless benefits also fell to 365,000, more evidence of an improving labor market. Despite the economy’s solid fourth-quarter pace, fastest pace since the spring of 2010, […]

Iran says expects nuclear talks on April 13

REUTERS:  Iran expects to reopen talks with world powers that could defuse mounting tensions over its disputed nuclear program on April 13, Foreign Minister Ali Akbar Salehi said on Wednesday. Turkey has offered to host the talks and the location will be decided in the next few days, Salehi said, after greeting Turkish Prime Minister […]

Nuclear Power Faces Domestic, International Challenges

NEWSMAX:  Jim Ferland, who takes over at Westinghouse April 1, said the nuclear industry is in the middle of a renaissance, but not quite as ready to compete as it was 18 months ago, reports the Pittsburgh Post Gazette. Last year’s tsunami in Japan created several problems for the nuclear power industry, Ferland said at […]

Pa.’s Graying State Police Face Manpower Issues

NEWSMAX:   Many of Pennsylvania’s state police officers are coming close to retirement age, meaning the department could be facing a serious manpower shortage unless the state finds money to train and hire more troopers. Anticipated retirements could reduce the number of troopers to 3,924 in 2015, or 75 fewer than the department’s authorized 4,689 troopers, […]

Threat to Assad remains despite claims of victory

FINANCIAL TIMES:  Bashar al-Assad is acting victorious, marching under the gaze of state television crews into the ruins of the Baba Amr district of Homs, the city bombarded by his forces for nearly a month. In TV footage this week, the Syrian leader is seen surrounded by loyalists described as residents, though most of the […]