Richard Gorman, 95, of Peachtree City

Richard “Pappy” Gorman, 95, of Peachtree City, Ga. passed away on January 23, 2014.

Richard was born in Pittsburgh, Pa. in 1918. After graduating from Central Catholic High School, he enlisted in the US Army and served in the Pacific during World War II, where he earned two Bronze Stars.

read more

via The Citizen http://ift.tt/1dRewgw

William Robert Bunn, age 45 of Fayetteville

April 22, 1968 – January 24, 2014

Mr. William Robert “Robbie” Bunn, age 45 of Fayetteville, passed away on Friday, January 24, 2014 at Atlanta Medical Center.

Mr. Bunn was born in Griffin, Ga. on April 22, 1968. He was a member of the No Bull Hunting Club and in his spare time he enjoyed riding motorcycles.

read more

via The Citizen http://ift.tt/1dRew0c

Joyce Lee Woodall, 60, of Fayetteville

Joyce Lee Woodall, 60, of Fayetteville, passed away January 21, 2014.

She started a pet rescue, “Love-A-Pet” in 2008 and worked tirelessly to rescue dogs and she had a booth every year at the Renaissance Festival. She was a staff member with Camp Firefly, a camp for sick children, for 25 years. She always chose to see the good in people. She was Aunt Joyce to everyone she met and all who loved her and all she loved.

She was preceded in death by her husband Wesley C. Woodall; daughter Melanie Woodall; and mother & father Juanita & Archie L. Turner; and brother Wayne Turner.

read more

via The Citizen http://ift.tt/1dRew07

Virginia L. Tramonte, 82, of Peachtree City

Virginia L. Tramonte, 82, of Peachtree City, passed away January 25, 2014.

Virginia was born in Tylertown, Miss., the oldest child of Florence and Percy Reid. She moved to Kenner, La. in 1950 and married Anthony R. Tramonte, Sr. In 1993, they moved to Ocean Springs, Miss. In 2010 she moved to Peachtree City, Ga. and for the past couple of years has been a resident of Kindred Transitional Care Lafayette in Fayetteville. She was a member of Holy Trinity Catholic Church with many friends at St. Gabriel Catholic Church.

read more

via The Citizen http://ift.tt/1jPl9sg

Mary Elinore Crea King, 85, of Fayetteville

Mary Elinore Crea King, 85, of Fayetteville, passed away January 27, 2014.

A memorial service will be held Saturday, February 1, 2014 at 11:30 a.m. at St. John’s Episcopal Church, College Park. Reverend Spenser Simrill will officiate. The family will receive friends at the church following the service.

Carl J. Mowell & Son Funeral Home, Fayetteville– http://ift.tt/1mprp6K.

via The Citizen http://ift.tt/1jPl7jT

State Department Bans Coursera From Educating Underprivileged Foreigners

Coursera, which provides massive open online
courses (MOOC), has the noble mission of “connecting people
to a great education so that anyone around the world can learn
without limits.” Unfortunately, the State Department and the
Treasury Department’s Office of Foreign Asset Control (OFAC)
disagree. They recently decided that the company cannot extend such
opportunities to a few academically underprivileged countries.

The organization posted a
notice to its website on Tuesday explaining that the U.S.
government now requires it to block IP addresses in certain
sanctioned countries.

Who will miss out on hundreds of free classes, offered in 12
languages, and covering a broad range of fields, including
economics, the humanities, and medicine? Cuba, which ranks outside
the top 50 education systems in the world, Iran, which is less well
off than 40 percent of the world, and Sudan, which is worse than 90
percent.

These three aren’t the only ones who will be impacted, though.
The announcement notes that, “In rare instances, students with IP
addresses bordering on but not geopolitically within the bounds of
these countries will be affected.”

What’s behind this academic censorship? Federal regulations.
“United States export control regulations prohibit U.S. businesses,
such as MOOC providers like Coursera, from offering services to
users in sanctioned countries,” Coursera explains. The website
itself is still be viewable, because it falls under “public
information,” whereas the departments consider the educational
materials to be “services.”

Coursera has operated since April 2012, and although the company
has been talking with the State Department and OFAC “for quite some
time… only very recently were we advised… that the course
experience was determined to be a service offering and we have
since been working closely with [federal officials] to ensure that
Coursera remains in compliance with U.S. law,” co-founder Daphne
Koller
told
the Wall Street Journal.

Yet, whether services are allowed in sanctioned countries is not
always clear-cut. The OFAC initially included Syria on the list of
prohibited nations, but later clarified that educational services
are permissible there. Other exceptions have been made for other
organizations. According to
Inside Higher Ed
, “edX, the MOOC provider founded in
partnership between Harvard University and the Massachusetts
Institute of Technology… has since last May worked with the U.S.
State Department and the Treasury Department’s Office of Foreign
Assets Control, and has so far applied for and received
company-specific licenses for its MOOCs to enroll
students in Cuba and Iran.”

Although it may stop some, the government-ordered IP address
block cannot prevent all Cubans, Iranians, and Sudanese from
educating themselves, thanks to easily accessible proxy servers
that disguise one’s location.

from Hit & Run http://ift.tt/1kfHg8W
via IFTTT

New York's New Mayor Drops Appeal of Stop-and-Frisk Ruling

Today New York Mayor Bill de Blasio
announced
that the city has reached a settlement agreement with
the lawyers who
challenged
the NYPD’s stop-and-frisk program in federal court.
The agreement leaves in place U.S. District Judge Shira
Scheindlin’s August 2013
ruling
that the program was unconstitutional and the reforms
she ordered, including a federal monitor and body cameras to record
police encounters. Those changes had been blocked by an appeal that
De Blasio promised to drop if elected mayor. “We’re here today to
turn the page on one of the most divisive problems in our city,” De
Blasio said at a press conference today. “We believe in ending the
overuse of stop-and-frisk that has unfairly targeted young
African-American and Latino men.”

As that remark suggests, the NYPD will continue to stop and
frisk people, which the Supreme Court has said is permitted under
the Fourth Amendment when police reasonably suspect someone is
involved in criminal activity and (for the pat-down) that he is
armed. Statistics at the center of the case Scheindlin heard
indicate that street stops by New York cops, which overwhelmingly
targeted young black and Hispanic men, frequently failed this test.
Between January 2004 and June 2012, when the NYPD made 4.4 million
stops, only 12 percent of the people treated like criminals were
arrested or issued a summons. Even more striking, although police
are supposed to frisk a subject only if they reasonably believe he
is armed, 52 percent of these encounters included pat-downs, only
1.5 percent of which discovered a weapon. Even when officers
reached into subjects’ clothing after feeling what they claimed to
think was a weapon, they were right only 9 percent of the time.

Tellingly, former Mayor Michael Bloomberg’s main defense of
the stop-and-frisk program was that it worked by deterring young
men from carrying guns, not that it complied with the requirements
of the Fourth Amendment. Yet even before Scheindlin’s ruling, the
NYPD responded to constitutional criticism of the program by

dialing it back
. The number of stop-and-frisk encounters,
which grew from
about 100,000 in Bloomberg’s first year as mayor to almost 700,000
in 2011, fell to
about 530,000 in 2012. In the first three quarters of 2013, there
were 179,000 stops.

from Hit & Run http://ift.tt/Lfu1Z4
via IFTTT

New York’s New Mayor Drops Appeal of Stop-and-Frisk Ruling

Today New York Mayor Bill de Blasio
announced
that the city has reached a settlement agreement with
the lawyers who
challenged
the NYPD’s stop-and-frisk program in federal court.
The agreement leaves in place U.S. District Judge Shira
Scheindlin’s August 2013
ruling
that the program was unconstitutional and the reforms
she ordered, including a federal monitor and body cameras to record
police encounters. Those changes had been blocked by an appeal that
De Blasio promised to drop if elected mayor. “We’re here today to
turn the page on one of the most divisive problems in our city,” De
Blasio said at a press conference today. “We believe in ending the
overuse of stop-and-frisk that has unfairly targeted young
African-American and Latino men.”

As that remark suggests, the NYPD will continue to stop and
frisk people, which the Supreme Court has said is permitted under
the Fourth Amendment when police reasonably suspect someone is
involved in criminal activity and (for the pat-down) that he is
armed. Statistics at the center of the case Scheindlin heard
indicate that street stops by New York cops, which overwhelmingly
targeted young black and Hispanic men, frequently failed this test.
Between January 2004 and June 2012, when the NYPD made 4.4 million
stops, only 12 percent of the people treated like criminals were
arrested or issued a summons. Even more striking, although police
are supposed to frisk a subject only if they reasonably believe he
is armed, 52 percent of these encounters included pat-downs, only
1.5 percent of which discovered a weapon. Even when officers
reached into subjects’ clothing after feeling what they claimed to
think was a weapon, they were right only 9 percent of the time.

Tellingly, former Mayor Michael Bloomberg’s main defense of
the stop-and-frisk program was that it worked by deterring young
men from carrying guns, not that it complied with the requirements
of the Fourth Amendment. Yet even before Scheindlin’s ruling, the
NYPD responded to constitutional criticism of the program by

dialing it back
. The number of stop-and-frisk encounters,
which grew from
about 100,000 in Bloomberg’s first year as mayor to almost 700,000
in 2011, fell to
about 530,000 in 2012. In the first three quarters of 2013, there
were 179,000 stops.

from Hit & Run http://ift.tt/Lfu1Z4
via IFTTT

Amazon Crashes After Missing Top And Bottom Line, Guides Lower

Did the Amazon bubble just pop? Unless Jeff Bezos announces he is working on a space station that just may be the case, because while the company missed both the top and bottom line, and guided lower – traditionally a perfect trifecta to send the stock soaring afterhours – the stock is plunging some 10% after hours.

Specifically the Q4 results were as follows:

  • Revenue of $25.59 billion, missing expectations of $26.0 billion
  • EPS of $0.51, missing expectations of $0.69, and this despite using a far lower tax rate (39.7%), than used a year ago (57.6%)
  • Guides Q1 revenue of $18.2 – $19.9 billion, on the low end of the consensus estimate of $19.69 billion
  • Guides Q1 Operating Income of ($200)-$200 on expectations of $367.8 million.

Some other observations:

  • Worldwide net sales rose 22%: the lowest in year (see chart below), below the 26% in Q3 and below the 23% a year ago
  • Total employees rose to 117,300 (!), from 109,800 a quarter ago, and 91,300 a year ago.

Ironically it wasn’t all bad, as Operating Income rose to $510 million, above the $490 million expected, and the highest single quarterly Operating Income in over 4 years. This was matched by Net Income of $239 million – the highest since December $416. Perhaps AMZN should have just continued losing money and burning cash, and all would have been well.

Unfortunately, those looking for a margin rebound will have to wait: at 1.0% LTM Operating Margin it has gone exactly nowhere since September 2012 and much lower compared to previous year. This happened even though Q4 operating margin bounced to 2% – the highest since June 2011, driven by the holiday spending season.

 

Putting it all together and you get something very troubling: the stock, which historically woudl have soared on news as bad as these, is plunging, and was down 10% at last check. 

Did the Jeff Bezos “myth” bubble finally pop?


    



via Zero Hedge http://ift.tt/1cAo83J Tyler Durden

Unfavorable Views of Obamacare Grow Amongst the Uninsured

In mid-December I
wrote about Obamacare’s dismal poll numbers amongst the
uninsured
. At that point, there was still some possibility that
the poor showing amongst those without insurance was just a lagging
indicator of frustrating with the federal exchange website, which
was essentially non-functional during October and November.

Now it’s the end of January. The biggest problems with the
federal exchange have been bandaged for almost two months. And yet
the
latest monthly tracking poll from the Kaiser Family Foundation


finds
that opposition to the law amongst the uninsured has
actually increased since December. The survey reports that 47
percent of say they have an unfavorable view of the law, up from 43
percent in December. Just 24 percent say they favor the health law,
down from 36 percent in November and December.

Here’s the chart:

This is the group of people the law was, in theory, supposed to
benefit most. And yet even as the most prominent benefits start to
kick in, their support is dropping. It’s possible, of course, that
this could turn around at any time. But it’s not a very good sign
for the future popularity of the law.  

from Hit & Run http://ift.tt/1kfse2Z
via IFTTT