Thursday, February 28, 2013

Arkansas lawmakers override governor's abortion bill veto

LITTLE ROCK, Ark. (AP) ? The Arkansas House voted 53-28 Tuesday to override Gov. Mike Beebe's veto of a bill that would outlaw most abortions starting in the 20th week of pregnancy, hours after a state Senate committee approved a package of even tighter abortion restrictions.

The Republican-controlled state Senate, which overwhelmingly backed the 20-week near-ban on abortions before Beebe, a Democrat, vetoed it, was expected to discuss whether to vote to override the veto Thursday. Like the GOP-led House, only a simple majority in the Senate is needed to override a veto.

The House-sponsored measure is based on the disputed argument that a fetus can feel pain by the 20th week of pregnancy, and thus deserves protection from abortion. Beebe vetoed the bill Tuesday, saying it contradicts the U.S. Supreme Court's 1976 Roe v. Wade decision, which legalized abortion until a fetus can viably survive outside of the womb, which is typically at 22 to 24 weeks.

"This is not just any regular bill. It's one that has an eternal impact on each of us and to those children," Republican Rep. Andy Mayberry told House members as he urged them to override.

Two of the House's 48 Democrats joined with all 51 GOP members to support overriding Beebe's veto. Eighteen Democrats and the chamber's only Green Party member did not vote on the override, which has the same effect as voting against it. Republicans hold 21 of the 35 seats in the Senate, which approved Mayberry's bill on a 25-7 vote last week.

Prior to the House vote, the Senate Public Health, Welfare and Labor Committee voted 5-2 to advance a bill that would ban most abortions starting in the 12th week of pregnancy, sending it to the full Senate. The Senate passed an earlier version of the bill that would have outlawed abortions as early as six weeks into a pregnancy, but amended it to push back the restriction and to add more exemptions.

Beebe declined to say Wednesday whether he would also veto the Senate's proposed 12-week ban, but he said he thinks it's on even shakier legal ground than the House's 20-week version.

"I'm pretty sure I know what I'm going to do on a bill that's even more problematic than the one I already vetoed, but I won't tell you officially until that time," Beebe said Tuesday.

Seven states have enacted similar 20-week restrictions based on the fetal pain argument, according to the Guttmacher Institute, which tracks laws affecting women's health. A similar law in Arizona has been blocked while a federal appeals court reviews a lawsuit challenging it.

John DiPippa, dean emeritus of the University of Arkansas at Little Rock's law school, said he agrees with Beebe that the ban is unconstitutional and will likely be decided by the courts. He said he thinks the fetal pain argument will lose in the lower courts but that it's unclear how it might fare if it were to reach the U.S. Supreme Court.

"The core holding of Roe is that a state cannot place an obstacle in the way of a woman who wants to abort before viability," DiPippa said. "If you apply that standard, then these bills that draw the line at 20 weeks ? which by all medical estimates is prior to viability ? would clearly set up a substantial obstacle to a woman's ability to before that age."

GOP Sen. Jason Rapert said he hopes Beebe lets it stand but said he was confident the 12-week ban would have enough support to override a veto.

"The governor has his own conscience," Rapert, R-Conway, told reporters. "I think probably the best route would be that he just simply not sign the bill and let it become law, if that's what he decides to do. If he doesn't, then we'll override the veto and it'll become law in the state of Arkansas."

___

Associated Press writer Michael Stratford contributed to this report.

___

Andrew DeMillo can be reached at www.twitter.com/ademillo

Source: http://news.yahoo.com/ark-house-overrides-veto-abortion-restrictions-214013377--politics.html

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Saturday, February 23, 2013

Judge blocks shareholder vote on Apple proposal

NEW YORK (AP) - A federal judge is blocking Apple from conducting a shareholder vote on a package of governance proposals, handing a victory to a rebel investor who is trying to persuade the company to share more of its cash with its investors.

U.S. District Judge Richard Sullivan in New York ruled Friday that Apple Inc. was wrong to bundle four amendments to its corporate charter into one proposal for a vote at next Wednesday's annual meeting. Shareholders should get to vote on the amendments separately, he said. Although the ruling was preliminary, before both sides had a chance to fully make their case, Sullivan said Apple was likely to lose. He granted dissident investors a preliminary injunction against Apple pending a full trial.

Apple will comply with Sullivan's order and withdraw the issue from the agenda of next week's meeting, said Steve Dowling, a spokesman for the Cupertino, Calif., company. It had appeared on the shareholder voting list as proposal No. 2.

"We are disappointed with the court's ruling," Dowling said. "Proposal No. 2 is part of our efforts to further enhance corporate governance and serve our shareholders' best interests."

Greenlight Capital, a hedge fund run by Wall Street maverick David Einhorn, sued Apple over the proposal because it would remove the board's ability to issue preferred stock without shareholder authorization. Einhorn wants Apple to issue "iPrefs," preferred shares with a guaranteed dividend, as a way of committing the company to sharing its massive profits with shareholders.

Einhorn has been trying to rally Wall Street to vote against the Apple proposal as a way of showing their displeasure with the company's capital-allocation policies. Right now, Apple hands only a small amount of its profits to shareholders through dividends and stock buybacks. The rest of the money goes in the bank, where Apple's cash hoard amounted to $137 billion at the end of last year. That amount grows by about $40 billion every year, much of it from selling trend-setting gadgets such as the iPad and the iPhone.

Investors almost universally want Apple to hand out at least some of that cash, but Einhorn hasn't gotten much support for his "iPrefs" idea or his "No on Proposal 2" campaign.

Last week, Apple CEO Tim Cook said the company's proposal puts more power in the hands of shareholders, making it difficult to understand why a shareholder would fight it. Calling Greenlight's campaign a waste of time, Cook said Apple wouldn't squander money by mailing letters to shareholders to persuade them to vote for the proposal.

The California Public Employees' Retirement System, the country's largest pension fund, had said it would vote for Apple's proposal, because it would have strengthened shareholder rights. Among other measures, it would let shareholders vote against directors.

Apple's stock fell 31 cents to $450.50 in extended trading after the ruling came out.

"This is a significant win for all Apple shareholders and for good corporate governance," Greenlight said in a statement. "We are pleased the court has recognized that Apple's proxy is not compliant with (federal securities) rules because it bundles different matters in Proposal 2. We look forward to Apple's evaluation of our iPref idea and we encourage fellow shareholders to urge Apple to unlock the significant value residing on its balance sheet."

A company with excess cash will usually reward shareholders by raising its dividend or issuing a one-time dividend. It could also buy back more shares. Einhorn believes none of these routes would yield as much shareholder value as the iPrefs, because their 4 percent annual dividend yield would make them attractive to investors that otherwise wouldn't look at Apple shares, such as pension funds and endowments.

Greenlight has been an Apple shareholder since 2010 and has 1.3 million shares worth about $580 million.

Source: http://www.katu.com/news/business/Judge-blocks-shareholder-vote-on-Apple-proposal-192740791.html

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Friday, February 22, 2013

Medical copter crash in Okla. Kills 2, hurts 1

(AP) ? Authorities say a medical helicopter has crashed in Oklahoma City, killing two people and injuring a third.

The Oklahoma City Fire Department tells The Oklahoman newspaper (http://is.gd/9QfVj2 ) that the crash happened Friday morning. A fire department spokesman says two people were killed and one person was taken to a hospital.

Authorities say the crash happened near the St. Ann Nursing Home in northwest Oklahoma City.

A large storm system has blanketed much of the Midwest and Plains in snow, but it wasn't immediately clear if authorities believe weather played a role in the crash.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-02-22-Helicopter%20Crash-Oklahoma%20City/id-27a7c76d5cde48b2bbd1c08671d9f92a

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Cold weather hurts Pirelli in Spain

By: Adam Cooper on February 22, 2013

Pirelli officials weren't immediately concerned, as the weather was unseasonably cold.

LAT PHOTOGRAPHIC - Cold and wet weather seemed to hurt Pirelli tires during the Formula 1 test in Barcelona.

Tire degradation was the big talking point at this week?s Barcelona Formula One test, but Pirelli Motorsport boss Paul Hembery says that the cold weather is more extreme than it should be once the season gets under way.

While Pirelli has to create more degradation in 2013, it was worse than anticipated in Spain, and drivers struggled. The low temperatures also led to some graining issues.

?The teams experienced quite high degradation in Barcelona, and that was really down to the weather conditions,? said Hembery. ?The conditions we had in Barcelona are far from typical of the rest of the season, with much cooler ambient and track temperatures than we would normally race in, and even some rain on the final day.

?This put the tires outside of their usual working ranges, which led to problems such as graining. The conditions were particularly unsuited to the supersoft tire, due to the circuit layout and the roughness of the surface, in addition to the cold temperatures. Coupled with the fact that teams are still making big set-up adjustments to their new cars and trying out our complete range of our tires to optimize the package, we saw levels of degradation that are not typical.

?Once we get to Melbourne, the tires should be much more within their intended working range, which will eliminate the unusual amount of degradation that some teams have experienced.?

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Source: http://www.autoweek.com/article/20130222/F1/130229917

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Former Pittsburgh Steeler, Army veteran Rocky Bleier to lead Myrtle Beach Memorial Day parade

MYRTLE BEACH -- Former Pittsburgh Steeler and U.S. Army veteran Rocky Bleier will be this year?s Grand Marshal at Myrtle Beach?s Memorial Day Weekend Parade, the city announced Thursday.

The parade, which will take place at 10:30 a.m. May 25, is the highlight of a month?s worth of activities for the city?s Military Appreciation Days.

Bleier played one season for the Steelers before being drafted by the Army in December 1968. While serving in Vietnam in 1969 he was wounded during an ambush and awarded the Purple Heart and Bronze Star, according to a press release from the city.

He returned to the Steelers the next year and played for the team until 1980.

As Grand Marshal, Bleier will lead the parade on Ocean Boulevard and mingle with people at the Military Appreciation Days Family Picnic that same day.

Previous Grand Marshals include astronaut Buzz Aldrin and Sen. John McCain.

Other planned activities during Military Appreciation Days include concerts, a 5K walk/run and a traditional Memorial Day ceremony.

Source: http://www.myrtlebeachonline.com/2013/02/21/3341523/former-pittsburgh-steeler-army.html

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Thursday, February 21, 2013

Sabres fire Ruff; name Rolston interim coach

THE ASSOCIATED PRESS

BUFFALO, N.Y. -- Ron Rolston has been hired as the Buffalo Sabres interim coach for the remainder of the season in taking over hours after Lindy Ruff was fired amid growing criticism for the team's slow start.

It's a promotion for Rolston, who was in his second season as coach of AHL Rochester, the Sabres' minor-league affiliate.

General manager Darcy Regier said the decision to fire Ruff was reached earlier in the day. It comes a day after the Sabres were booed off the ice during a 2-1 loss to Winnipeg. Regier called the loss -- and the team's performance -- a "tipping point."

The Sabres (6-10-1), who play at Toronto on Thursday, have gone 4-10-1 since opening the season winning their first two games.

With a 571-432-162 record, Ruff was the team's winningest coach.

Source: http://www.sportsnet.ca/hockey/2013/02/20/sabres_fire_lindy_ruff/?utm_source=Home%20lineup%20RSS&utm_medium=feed&utm_content=Sabres%20fire%20Ruff;%20name%20Rolston%20interim%20coach

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'American Idol': Why A Woman Will (Finally) Win

It's been nearly six years since 'Idol' had a female champ, but all signs point towards that changing this season.
By James Montgomery


Zoanette Johnson
Photo: FOX

Source: http://www.mtv.com/news/articles/1702264/american-idol-season-12-women.jhtml

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