Archive for June 14th, 2009

American Family Business Association study: Economic Impact of the Estate Tax

Sunday, June 14th, 2009

Source:

The federal unified estate and gift tax – known as the federal transfer tax, or “death tax” – is stifling the economy. In fact, they probably do the most damage to output and income per dollar of revenue raised of all the taxes in the U.S. tax system. The economy, the pre-tax and post-tax incomes of workers, savers, and investors, and federal, state, and local revenue would all be higher if the estate and gift taxes were eliminated

Yahoo hires CFO from Altera: Reuters

Sunday, June 14th, 2009

Reuters:

SAN FRANCISCO (Reuters) – Yahoo Inc on Thursday named Altera Corp’s chief financial officer as its finance chief, the latest move by the Internet company to rebuild itself in the image of its new chief executive. (more…)

MySpace, owned by News Corp, prepares for “massive” layoffs: Reuters

Sunday, June 14th, 2009

Reuters:

NEW YORK (Reuters) – News Corp’s MySpace refused to comment on Thursday on a report the previous day that said the online social network will fire a “massive” number of employees.

The online social network is preparing to lay off as many as 500 of its 1,600 workers, the TechCrunch blog reported on Wednesday, as it cuts costs while trying to stay ahead of growing competition from rival Facebook.

Reuters: With digital transition, more focus on smaller TVs

Sunday, June 14th, 2009

Reuters:

WASHINGTON (Reuters) – The Friday deadline for a nationwide transition from analog to crisper digital television transmission has U.S. retailers hoping for a boost in sales of smaller TVs as consumers upgrade secondary sets in spare rooms.

The digital transition has already unleashed a surge in sales of converter boxes to consumers who want to keep their existing TV sets, and an uptick in cable and satellite TV service sales for Americans who want to upgrade.

Now, retailers are hoping that consumers will turn their attention to replacing analog TVs in bedrooms and spare rooms that are not connected to cable or satellite service.

Chuck Carlton in Dallas Morning News: Former Kansas AD remembered

Sunday, June 14th, 2009

Source:

Former Kansas athletic director Bob Frederick, who died Friday of injuries received in a biking accident, was remembered as a rare person in college sports. (more…)

Eagle: Jury in Kansas RICO gang trial accused of misconduct

Sunday, June 14th, 2009

The Eagle:

Lawyers for the men convicted of racketeering conspiracy through the Crips street gang have accused jurors of misconduct.

The defense is asking a federal judge in Wichita for a new trial, arguing the jury was not impartial during its deliberations in April. (more…)

Reuters: YRC decides not to apply for federal bailout funds

Sunday, June 14th, 2009

Reuters:

NEW YORK, June 12 (Reuters) – U.S. trucking company YRC Worldwide Inc (YRCW.O) has decided not to apply for money from the U.S. government’s bailout program, but instead will push for federal reform to help cope with pension problems.

YRC, based in Overland Park, Kansas, won’t submit an application with the Treasury Department under the Troubled Asset Relief Program, and instead will focus on long-term pension reform, company representative Suzanne Dawson said on Friday.

The Star: With gasoline prices back up, Gas stations turn back to selling ethanol blend

Sunday, June 14th, 2009

The Star:

Your next tank of gas is more likely to contain ethanol, but you probably won’t be able to tell because area gas stations don’t have to disclose that.

For the first time in months, wholesale gasoline costs more than E-10, the fuel blend that’s 10 percent ethanol and 90 percent gasoline. That has fuel retailers, who typically buy whatever is cheaper, flocking back to E-10. (more…)

KC Star: New support group Recovering Religionists helps people who leave the church

Sunday, June 14th, 2009

The Star:

The idea for the group came from Darrel Ray, an organizational psychologist and author of “The God Virus: How Religion Infects Our Lives and Culture.” He was raised in a fundamentalist Christian church and attended seminary. But by the time he graduated, he had abandoned the notion of becoming a minister. (more…)

McClatchy: Key economists fear inflation is threatening a comeback

Sunday, June 14th, 2009

The Star:

KANSAS CITY, Mo. – Amid rising joblessness, Willard Agee worries about something else going up – prices.

Early whiffs of inflation, from clamoring gold markets to climbing mortgage rates, have left the 70-year-old retiree searching for ways to protect the purchasing power of his life’s savings. (more…)

Star: Kansas Department of Agriculture lists restaurant violations

Sunday, June 14th, 2009

The Star:

The Kansas Department of Agriculture recently cited several area restaurants for four or more critical health-code violations. Most critical violations are corrected on-site at the time of the inspection.

Among the actions: (more…)

Politico – Tiarht, Moran “trying to out-Gitmo each other”

Sunday, June 14th, 2009

Politico:

Without much daylight between them on the issues, Kansas Republican Reps. Jerry Moran and Todd Tiahrt have seized on a novel theme in the state’s GOP Senate primary: They are trying to out-Gitmo each other.

(more…)

Olathe News: Council turns down plan for mixed martial arts fights at Great Mall

Sunday, June 14th, 2009

The Star:

The Elite Fight League of Kansas City will have to look elsewhere for a spot in which to conduct a mixed martial arts event in Kansas.

Olathe City Council members decided Tuesday during a study session to not consider a special-use permit for the company to conduct the event at the Great Mall of the Great Plains.

“I’m not upset, but I am disappointed,” Bob Boggs, one of the local sponsors, said Thursday. “The mayor said we’d get our day in court, but we didn’t even get a chance to speak.”

Boggs, who is founder and chief instructor of the Kenkukan Academy of Self Defense in Olathe, said he would have accepted the council’s decision if it would have voted against the proposal, but members wouldn’t even entertain a vote.

KC Star on wasteful “stimulus”: Federal money will let Overland Park buy foreclosed properties

Sunday, June 14th, 2009

The Star:

Overland Park is going to battle against blighted foreclosed properties with $700,000 in federal money.

This week, the City Council agreed to create a land bank where it can buy foreclosed properties that have fallen into disrepair and pose a threat to nearby property values.

As the economy has turned sour, property maintenance has been an increasing problem in Overland Park and other cities where homes can go uncared for if they’re abandoned amid foreclosure proceedings.

LJ World: Changing retail climate poses challenges for Lawrence

Sunday, June 14th, 2009

LJ World:

Times change, and nowhere could this be more evident than in Lawrence’s retail business sector, particularly in downtown Lawrence. (more…)

Fox News on Tim Latham: Kansas Teacher Claims Conservative Views Led to Loss of Job

Sunday, June 14th, 2009

Fox News:

Tim Latham, who has spent the last 19 years teaching students American history and government, spent the past school year at a high school in Lawrence, Kan. – and it appears his first year at the school will be his last.

Latham claims it has nothing to do with his abilities as a teacher and everything to do with his conservative politics.

Jim Sullinger: County deer report points to use of shooters, archers in park

Sunday, June 14th, 2009

The Star:

Park officials believe using sharpshooters and archers to solve Shawnee Mission Park’s deer population problem will be the quickest and most effective control method.

But they point out that it is also the most economical. (more…)

KC Star on St. Michael the Archangel Catholic Parish: Architecture of new Leawood church focuses on pilgrimage

Sunday, June 14th, 2009

The Star:

For almost 10 years, St. Michael the Archangel Catholic Parish has celebrated mass in temporary homes – first in a middle school, then in the gym of its education center.

Now, after four years of fundraising, planning and construction, the parish is ready to open its first permanent church. On Saturday, Archbishop Joseph Naumann of the Archdiocese of Kansas City in Kansas will dedicate the nearly $16 million Leawood church and parish hall during a 4 p.m. Mass.

The dedication Mass will give most parishioners their first look at a 65,000-square foot church that, as recently as Monday, was still receiving finishing touches from a crew overseen by Overland Park general contractor Mike Johnson, owner of Excel Constructors.

KC Star: Leawood designer has a table in New York City

Sunday, June 14th, 2009

The Star:

DyAnn Stilley of Leawood is one of four designers nationwide chosen to have a table on display at the Mackenzie-Childs store in New York City. The company makes hand-crafted ceramic and enamel tableware, furniture and garden accessories. (more…)

KC Star: Taking in eight kids wasn’t enough for a Leawood couple

Sunday, June 14th, 2009

The Star:

For Jack and Carol Daniel, eight wasn’t enough. After raising eight adoptive children and seeing seven of them leave the nest, the Leawood couple will be adopting five more.

The Daniels, both pediatricians at Children’s Mercy Hospital, have adopted eight children since 1975. And even though both parents are 62 years old, they wanted to start over with another house full of children. (more…)