Financial
Florida artist smashes $1M vase in Miami museum PDF  | Print |  E-mail
Written by CURT ANDERSON, AP Legal Affairs Writer   
Tuesday, 18 February 2014 07:36

MIAMI (AP) — A South Florida artist is facing a criminal charge after police say he smashed a $1 million vase at Miami's new art museum to protest what he called its favoritism for international rather than local art.

Maximo Caminero, 51, was charged with criminal mischief after Sunday's incident at the Perez Art Museum Miami. According to a Miami Police Department arrest affidavit, a security guard told officers that Caminero picked up a colored vase by Chinese dissident artist Ai Weiwei. When told to put it down, the security guard said, Caminero smashed it on the floor.

Caminero told officers he broke the vase to protest the museum's lack of local artist displays and because "the museum only displayed international artists' art," according to the affidavit.

Caminero, a painter who lives in Miami, declined comment when reached by telephone Monday. He said he will have an afternoon news conference Tuesday.

"I'm going to answer all the questions," he said.

Read more...
 
Ohio sets state export record of $50.5 billion PDF  | Print |  E-mail
Written by Associated Press   
Monday, 17 February 2014 07:35

COLUMBUS, Ohio (AP) — State officials say businesses in Ohio are exporting at a record pace and set a new state record last year.

The Ohio Development Services Agency says state exports in 2013 reached $50.5 billion worth of goods. Exports went to more than 200 countries and territories. The state has a presence in markets that include Brazil, Canada, China, Europe, India, Israel, Japan and Mexico.

Development director David Goodman says Ohio offers businesses the chance to compete globally by not imposing a tax on goods or services sold outside of the state.

The Columbus Dispatch reports (http://bit.ly/1kEPVnX ) that last year was Ohio's third consecutive record-setting year. Transportation equipment was the state's top export product, with 32 percent of total exports. Machinery was next with 14 percent, followed by chemicals at 13 percent.

___

Information from: The Columbus Dispatch, http://www.dispatch.com


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Hong Kong Disneyland turns profit for second year PDF  | Print |  E-mail
Written by Associated Press   
Monday, 17 February 2014 07:49

HONG KONG (AP) — Turning a page on years of losses, Hong Kong Disneyland said Monday it was profitable for a second straight year and plans to build a third hotel to help cater to rising numbers of visitors.

The theme park in the southern Chinese city more than doubled its profit to 242 million Hong Kong dollars ($31 million) in the year to September. Revenue climbed 15 percent to HK$4.9 billion as visitors rose 10 percent to a high of 7.4 million.

The park had struggled after opening in 2005, with its poor performance blamed on its small size. But it became profitable in 2012 thanks to new attractions that drew more visitors, especially from mainland China.

Officials announced plans to build a 750-room resort-hotel that will cost HK$4.3 billion and is expected to open by early 2017. The new hotel will raise total room capacity by three-quarters to 1,750.

Read more...
 
Worker-run pension boards raise call for reform PDF  | Print |  E-mail
Written by FENIT NIRAPPIL, Associated Press   
Monday, 17 February 2014 07:30

SACRAMENTO, Calif. (AP) — A rift between Gov. Jerry Brown and the board overseeing the nation's largest public pension fund over rising liabilities tied to longer retiree life expectancies highlights a concern about how decisions are made at an agency with tremendous influence over state finances.

The board of the California Public Employees' Retirement System will meet Tuesday to begin considering how to address the costs associated with retirees living longer, but it already has indicated that it will ignore the governor's request to tackle the problem immediately.

Pension-reform and taxpayer advocates in California say this outcome isn't surprising considering the composition of the CalPERS board, which is dominated by public employees who will benefit from the pension system or those who are appointed by Democratic officeholders who receive significant campaign contributions from government labor unions.

They say such an arrangement, common across the U.S., can encourage rosy investment projections and low contribution rates.

Read more...
 
<< Start < Prev 101 102 103 104 105 106 107 108 109 110 Next > End >>

Page 107 of 222