Financial
BlackBerry CEO unveils 'slim, sleek' new version PDF  | Print |  E-mail
Written by KYLE HIGHTOWER, Associated Press   
Tuesday, 14 May 2013 10:36

ORLANDO, Fla. (AP) — BlackBerry maker Research In Motion Ltd. unveiled a lower-cost BlackBerry that is designed to entice consumers in emerging markets as the company stepped up efforts to regain market share lost to the iPhone and Android devices.

CEO Thorsten Heins said Tuesday that the Q5 device will be available worldwide this summer. It is RIM's third smartphone to run the new BlackBerry 10 system. The Q5 will have a physical keyboard, something that sets RIM's devices apart from Apple's iPhone and most Android phones.

He said the "slim, sleek" device will be available in red, black, white and pink.

"I know it's going to be a big hit," Heins said. ""I think you're really gonna like it."

Heins announced the phone to a packed ballroom to open RIM's annual three-day conference in Orlando, Fla.

RIM unveiled new, versatile BlackBerrys this year after delays allowed Apple and others to dominate.

 
Efficiency seen cutting electricity demand in Northeast PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 14 May 2013 06:13

HARTFORD, Conn. (AP) — Improved energy efficiency and conservation are expected to help reduce electricity demand this summer in the northeastern United States and several Canadian provinces, a group that promotes power reliability said in an annual assessment due to be released on Tuesday.

The region, which includes the six New England states, New York state, Ontario, Québec, New Brunswick and Nova Scotia, will have an adequate supply of electricity this summer, the Northeast Power Coordinating Council said. More than 55 million people live in the region, the energy group said.

Demand is expected to be 0.3 percent lower than the forecast for the summer of 2012 and the region is expected to have about the same amount of generating resources as compared with the peak period in the summer of 2012.

One megawatt powers about 1,000 homes.

The lower demand is expected despite an improving economy, which typically leads to greater electricity use at factories and offices open for business.

 
Budget surpluses spur tension in some GOP states PDF  | Print |  E-mail
Written by DAVID A. LIEB, Associated Press   
Tuesday, 14 May 2013 06:15

JEFFERSON CITY, Mo. (AP) — Turns out that cutting was the easy part. Now Republicans who control a majority of the state capitols in the United States face a far greater philosophical dilemma — what to do with all the money when an improving economy suddenly creates a surplus in revenues.

Save it? Refund it though tax cuts? Or spend it?

Though they won majorities in more than half the statehouses on principled platforms of making government smaller, some Republicans now are feeling tremendous pressure to spend newfound money on roads, buildings and schools that had been neglected or cut during the recession-induced downturn of recent years.

"Everybody wants that money," said North Dakota Senate Majority Leader Rich Wardner, where an oil industry boom has fueled one of the largest per capita budget surpluses in the nation.

Only a few states still face budget difficulties several years after the Great Recession forced widespread cuts to public education and social services, according to a new report by the National Conference of State Legislatures. To the contrary, a growing number anticipate that they will finish the 2013 fiscal year with surpluses, some totaling hundreds of millions of dollars.

 
Farm bill: Still a little something for everyone PDF  | Print |  E-mail
Written by MARY CLARE JALONICK, Associated Press   
Tuesday, 14 May 2013 06:11

WASHINGTON (AP) — There's still a little something for everyone in massive farm bills that Congress is considering this week, even though the legislation would cut billions of dollars from federal farm and food subsidies.

The Senate version of the bill, to be considered by the Senate Agriculture Committee on Tuesday, makes concessions to Southern rice and peanut farmers, thanks to a new top Republican on the committee, Mississippi Sen. Thad Cochran. Because those Southern-grown crops rely on subsidies called direct payments that are being eliminated, the bill would make it easier for those farmers to receive alternate subsidies if prices dip.

The House bill, authored by Rep. Frank Lucas, R-Okla., and being considered by the House Agriculture Committee on Wednesday, is even more favorable to Southern farms, which are among the nation's biggest.

Each bill would eliminate $5 billion in annual direct payments that aren't tied to production or crop prices and would consolidate other programs. At the same time, the bills would create new programs with some of that money and raise the subsidies for some crops while business is booming in the agricultural sector.

 
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