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BOSTON/FRANKFURT (Reuters) ? JPMorgan Chase & Co is arranging the 1-billion-euro ($1.34 billion) loan that SAP AG is taking on to help pay for its $3.4 billion takeover of SuccessFactors, SAP co-Chief Executive Bill McDermott told Reuters.
"The 1 billion will probably be paid down within about a year. That's how we usually like to do it," McDermott said in an interview on Sunday, a day after announcing the takeover.
The deal, in which SAP is paying a premium of 52 percent over Friday's closing price of SuccessFactors shares, is a major push into cloud-computing services for the German business software company.
McDermott also said the deal could help the company beat its 2015 revenues target of 20 billion euros by as much as 1 billion.
"We had cloud figured out in our 20 billion. We are now upping that 20 billion. It could easily go to 21 billion,"
he said.
(Reporting by Jim Finkle in Boston and Maria Sheahan in Frankfurt; Editing by Jan Paschal)
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ST. PETERSBURG, Fla. ? Country singer Mindy McCready said Thursday she would not bring her 5-year-old son back from Tennessee to Florida, despite violating a custody arrangement and a judge's order.
McCready took the boy during a recent visit at her father's southwest Florida home and a judge signed an order Thursday ordering authorities to take the boy into custody and return him. It's not yet clear whether she could face criminal charges.
"I'm doing all this to protect Zander, not stay out of trouble," McCready wrote in an email to The Associated Press on Thursday. "I don't think I should be in trouble for protecting my son in the first place."
McCready says she is in Tennessee and it is looking less likely that she will bring her son back to Florida. She says she cannot travel because she's nearly seven months pregnant with twins. There was no answer at a Nashville address for McCready.
The judge's order means law enforcement anywhere can pick up Zander and bring him back to Florida.
McCready and her mother have had a long custody battle over the boy. Until recently, the boy was living with McCready's mother. Her mother was awarded guardianship in 2007. McCready says her son has suffered abuse at her mother's house; her mother, Gayle Inge, denies the abuse allegations.
"Once the child is located, we will pick him up and bring him back to Florida," said Terri Durdaller, a spokeswoman for the Florida Department of Children and Families. "Although these circumstances are unfortunate for a young child, his safety and well-being are our number one priority."
Durdaller said any criminal charges would come at the discretion of law enforcement or the Lee County (Fla.) State Attorney's office.
McCready provided a series of emails to the AP with Lee County Judge James Seals' ruling to return the boy and correspondence with her attorney. Seals wrote to McCready's lawyer that once the boy is back in Florida "we'll pick up the pieces."
"Mom has violated the court's custody order and we are simply restoring the child back into our custody," the judge wrote. "Nothing more. Nothing less. The court makes no judgment about whether Mom will or will not competently care for the child while in her custody. It only wants the child back where the court placed him."
McCready was born in Florida and found fame in Nashville as a singer in the mid-1990s, including a No. 1 hit, "Guys Do It All the Time." She has lived a complicated life in recent years.
In August, she filed the libel suit in Palm Beach County against her mother and the National Enquirer's parent company, American Media Inc., over a story published in the tabloid newspaper that quoted Inge.
In July 2007, she was accused of scuffling with Inge and resisting arrest at her mother's home in Florida. She was sentenced to jail for 60 days for a probation violation and released; she served 30 days in jail. She also lost custody of her son.
And in 2008, McCready was admitted to a Nashville hospital after police said she cut her wrists and took several pills in a suicide attempt.
During the TV show "Celebrity Rehab 3" in 2010, McCready came off as a sympathetic figure, and host Dr. Drew Pinsky called her an angel in the season finale.
Also in 2010, police went to Inge's home for a report of an overdose, and McCready was taken to a Florida hospital. However, neither the hospital nor McCready's publicist would say why the singer was hospitalized.
McCready also fought the release of a tape in which she reportedly talked about former Boston Red Sox and New York Yankees pitcher Roger Clemens, with whom she had an affair as a teenager.
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Associa is looking for an entry-level communications professional able to write copy for internal and external corporate communications; cultivate relationships with local and regional media; and liaison with corporate and local management and other team members on communications projects. The Corporate Communications Specialist will interact with internal project champions across the org chart, as well as media contacts and third-party vendors and suppliers. Creativity, great writing skills, and a proven ability to deliver on deadline are key.
About the Corporate Communications Department
The Associa Corporate Communications team is tasked with spreading the Associa message both internally to our nearly 8,000 employees, and externally to the media and the public. We communicate electronically, in print, via newsletters, websites, social media channels and via our company intranet, video, F2F, webinar.? We work in a fast-paced environment with multiple deadlines.? Multitasking is a must!
The Corporate Communications department is a fast-paced, fun team environment.? The ideal candidate is organized, dependable, creative and able to work both independently and with a team.
About the Job
The Corporate Communications Specialist has responsibility for writing and developing effective, tonally-appropriate and diverse types of internal and external communications.? This position will develop intranet, internal email and print content, and assist in branch public and media relations efforts.? This position has a dual reporting structure, to both the Senior Manager, PR Programs and the Director, Employee Communications.
Public & Media Relations
??????? Writes and distributes press releases focused on internal and regional news, including new hires, staff promotions, certifications and designations, client development, corporate philanthropy and local recognitions
??????? Builds and manages media lists using Vocus and BusinessWire
??????? Cultivates relationships with local and regional media to increase public relations efforts
??????? Works with IT to ensure company news is promoted on company-related websites
??????? Collaborates with employee communications and social media efforts to ensure an integrated approach to corporate communications
??????? Tracks media hits and maintains press release counts
Employee Communications
??????? Writes and updates copy for the Associa intranet
??????? Writes, produces and edits articles for Associa employee newsletters the Associa Square and Porch Posts.
??????? Builds and maintains strong relationships with internal stakeholders, project champions and key company management
??????? Manages multiple projects and deadlines; Is versatile, well-organized and has strong attention to detail
??????? Develops long- and short-term communications plans in support of corporate objectives
??????? Writes clearly, concisely and effectively
Minimum Skill Requirements
??????? Bachelor's degree from four-year college or university. Communications or Journalism preferred.
??????? Strong writing skills with a portfolio of published work.? Collegiate work is acceptable.
??????? Ability to write in the AP style is a must.
??????? Knowledge of Microsoft Office suite.? Knowledge of Adobe Creative Suite a plus.
??????? Familiar with social media channels, including Facebook, Twitter and YouTube.
??????? Outstanding technical and writing skills and demonstrated ability to learn and tell effective, compelling stories about products, programs, people, technologies and accomplishments.
??????? Works both independently and with teams across disciplines. Sensitive to deadlines and production targets while flexible enough to deal effectively with change.
About Us
Building successful communities for more than 30 years, Associa is North America?s largest community association management firm and serves its clients with local knowledge, national resources and comprehensive expertise. Based in Dallas, Associa and its 8,000 employees operate more than 140 branch offices in the United States, Mexico and Canada. To learn more about Associa and its charitable organization, Associa Cares, go to www.associaonline.com and www.associacares.com. Find us on Facebook, follow us on Twitter and watch us on YouTube.
Next Steps
If you're interested in joining the team at Associa, please send your writing portfolio, a cover letter and your resume to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . Tell us why you?re a great fit for our Corporate Communications Specialist role and how you?ll contribute to our team.
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Source: http://dfwcommunicators.com/content/view/1990/
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While speaking to a group of high school students in New Hampshire on Friday, Republican presidential candidate Rick Santorum defended insurers for denying coverage or charging more to people with pre-existing conditions, using his own family as an example.
"We have a child who has a pre-existing condition and we went out and we said, we like this plan," Santorum said, according to ThinkProgress. "We have to pay more because she has a pre-existing condition. Well, we should pay more. She's going to be very expensive to the insurance company and, you know, that cost is passed along to us... I'm okay with that."
Santorum's three-and-a-half-year-old daughter Isabella has a genetic disorder called Trisomy 18, a condition that often results in death within a year of birth. He recently began opening up about "Bella" on the campaign trail.
Santorum -- who said "we have a broken insurance system" -- offered up more information on his own insurance plan, noting that his candidacy forced him to purchase insurance "on the open market."
"I had insurance under my employer. And when I decided to run for president, I left my job, I lost my insurance, I had to go out and buy insurance," Santorum said.
The Republican candidate even compared health care coverage to auto insurance, saying that "you turn everything in" like one would share information on car repairs with an insurance company.
"Insurance rates shouldn't pay for your general maintenance any more than they should pay for the general maintenance of your car," he said, explaining that he believes insurance should only be used for major health care expenses.
Santorum also addressed the Patient Protection and Affordable Care Act during the event, calling the health care legislation "a huge threat to the future of our country." He reiterated that he would repeal the health care law if elected president, and that he would replace the legislation with "something consumer driven," Patch reports.
Rep. Michele Bachmann (R-Minn.)
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Bachmann has cast 12 votes on reproductive rights issues during her four years in the House, and all were anti-abortion. She voted in favor of the Stupak amendment, which would ban the insurance coverage of abortion in the new health system; she co-sponsored two bills that force women to hear state-mandated lectures 24 hours prior to having an abortion; and she vowed to defund Planned Parenthood if she became president. In April, she twisted the words of Steve Trombley, CEO of Planned Parenthood Illinois, who once said that he hopes to make his organization the "LensCrafters of family planning" by expanding access to preventative health and contraceptive services. "As a matter of fact, the executive director of Planned Parenthood in Illinois said they want to become the LensCrafters of big abortion," she told a crowd in Iowa. Bachmann has cast 12 votes on reproductive rights issues during her four years in the House, and all were anti-abortion. She voted in favor of the Stupak amendment, which would ban the insurance coverage of abortion in the new health system; she co-sponsored two bills that force women to hear state-mandated lectures 24 hours prior to having an abortion; and she vowed to defund Planned Parenthood if she became president.In April, she twisted the words of Steve Trombley, CEO of Planned Parenthood Illinois, who once said that he hopes to make his organization the "LensCrafters of family planning" by expanding access to preventative health and contraceptive services.
"As a matter of fact, the executive director of Planned Parenthood in Illinois said they want to become the LensCrafters of big abortion," she told a crowd in Iowa.
MORE SLIDESHOWS NEXT?> ??|?? <?PREV
Rep. Michele Bachmann (R-Minn.)
Bachmann has cast 12 votes on reproductive rights issues during her four years in the House, and all were anti-abortion. She voted in favor of the Stupak amendment, which would ban the insurance coverage of abortion in the new health system; she co-sponsored two bills that force women to hear state-mandated lectures 24 hours prior to having an abortion; and she vowed to defund Planned Parenthood if she became president. In April, she twisted the words of Steve Trombley, CEO of Planned Parenthood Illinois, who once said that he hopes to make his organization the "LensCrafters of family planning" by expanding access to preventative health and contraceptive services. "As a matter of fact, the executive director of Planned Parenthood in Illinois said they want to become the LensCrafters of big abortion," she told a crowd in Iowa. '; var coords = [-5, -72]; // display fb-bubble FloatingPrompt.embed(this, html, undefined, 'top', {fp_intersects:1, timeout_remove:2000,ignore_arrow: true, width:236, add_xy:coords, class_name: 'clear-overlay'}); });Source: http://www.huffingtonpost.com/2011/12/02/rick-santorum-pre-existing-conditions_n_1126555.html
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NEW YORK (Reuters) ? Billionaire investor Warren Buffett buys newspapers every day, the hometown daily included, but on Wednesday he dispensed with the single-issue price and bought the whole company instead.
Buffett's conglomerate Berkshire Hathaway said it would buy the Omaha World-Herald Co, owner of the paper of the same name, six other dailies and a series of weekly papers in Nebraska and Iowa.
The World-Herald, which calls itself the last major employee-owned paper in the country, splashed the news across its website, with a picture of the paper's publisher introducing Buffett to the staff. It is 80 percent owned by employees and 20 percent by the Peter Kiewit Foundation.
The news appears to have stunned the reporters, for whom Buffett was one of the biggest subjects of their business coverage. The paper's designated Buffett reporter even did a weekly online chat about Buffett called "Warren Watch."
"I don't think anyone's going to be covering anything today. Everyone seems to be to busy talking about the Buffett news," World-Herald reporter Roseann Moring said on her Twitter feed in response to a request for coverage of another item.
With average daily circulation of just over 135,000, it is one of the larger papers in the country. In a statement, the World-Herald Co said Buffett's ownership would make it easier for the paper to raise money while preserving local control.
One newsroom employee, who spoke under condition of anonymity, said Wednesday's announcement was positive.
"It's obviously good news for the paper because we were facing a pretty heavy load of debt to pay to older stockholders (as they retired).
"This is good news for the employees. I think it is good long-term news for the paper, which is in good shape, but was facing some pretty heavy bills down the road."
Berkshire is no stranger to the newspaper business. The company bought the Buffalo News in New York in 1977 and has operated it since, though Buffett said in 2009 his owning the paper was not entirely rational.
Buffett was also a long-time board member of the Washington Post Co and a confidant of legendary publisher Katharine Graham.
Buffett has said that U.S. newspapers face years of "nearly unending losses" because they lack a sustainable business model.
Advertising revenue and circulation at many U.S. papers have fallen in the past several years as people turn to the Internet for free news and their advertising needs, forcing some newspapers out of business and some publishers into filing for bankruptcy or laying off thousands of employees.
The deal also adds to Buffett's stable of local businesses. Though his focus is usually national or global, he owns a number of large Omaha brands, including the sprawling Nebraska Furniture Mart and the jeweler Borsheim's.
(Reporting By Ben Berkowitz. Additional reporting by Michael Avok in Omaha. Editing by Robert MacMillan)
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GEORGETOWN, Guyana (AP) ? Tensions ran high in Guyana's capital on Wednesday as electoral officials slowly counted paper ballots two days after an apparently tight national election in the South American country.
Opposition parties alleged voting irregularities in various districts, while the governing People's Progressive Party claimed victory even though no partial returns had been announced.
The streets of the capital of Georgetown were largely empty after lunch Wednesday as many people went home, apparently worried about possible confrontations among competing street protests.
There was no obvious front-runner in Monday's presidential and parliamentary races because no independent opinion polls were conducted before the vote.
Electoral commission chairman Steve Surujbally gathered the leaders of the contesting parties and coalitions Wednesday to assure them that the counting process "has not (been) compromised in any way, shape or form" and to appeal for calm.
Surujbally said the commission hoped to announce results soon, after double-checking and certifying votes.
The lack of even partial counts increasingly frustrated citizens, candidates and international observers.
"These delays can only undermine confidence in the electoral process and fuel speculation by interveners who may wish to take advantage of the situation," the observer mission for the Organization of American States state in a statement Wednesday.
Retired army commander David Granger, who leads the Partnership For National Unity coalition, warned that delays in announcing results could lead to an "imminent security crisis."
Granger and coalition partners met with the electoral commission warning it not to allow or condone "any secret swearing in" ? a reference to 1997 when Janet Jagan was sworn in as Guyana's leader at a private ceremony, sparking rioting and looting by political opponents.
The campaign manager for the governing party, Agriculture Minister Robert Persaud, said his candidates were at a loss to know why the elections commission had not declared final results.
"We know we have won and they know it, too. We are not sure why they are not releasing the results," he told The Associated Press.
Persaud said he believed his party won about 53 percent of the votes, which would give it the presidency and control of the 65-seat parliament. He didn't say what he based that estimate on.
Rupert Roopnarine, the Partnership For National Unity's candidate for prime minister, said the coalition had seen nothing that would "point to a PPP victory" and it was "unlikely to accept any results showing such a scenario."
Nearly a half million people were eligible to cast ballots in Guyana, a small country on South America's northern shoulder whose economy depends on the export of commodities such as gold, bauxite, sugar, rice, shrimp and timber.
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A reader of my post about the N.Y. Times critique of legal education writes, in regard to the value of legal scholarship:
I happen to be on the editorial board of a T14 law school?s law review, so I have to cite check and read articles regularly. Of those I?ve read, I can?t think of a single one I thought would be useful to a practicing lawyer. The problem is, in my experience, most seem to advocate a fundamental change in philosophy to an area of law that diverges from what precedent would suggest. To me, this seems extremely unhelpful, because A. Lower courts aren?t likely to accept a grand new theory that seems to contradict what SCOTUS is saying, B. As far as I can tell SCOTUS seems not to usually change its theory either, and C. I don?t think most policymakers tend to read law review articles.
This leads me to be inclined to believe that most law review articles are useless. Are you saying my sample is unrepresentative of what?s out there? Or do I simply have a narrower definition of usefulness? Could you perhaps suggest some articles from the past year that in your mind represented useful legal scholarship?
This commentator assumes that usefulness is the equivalent of being accepted by the courts.? I quarrel with this view for many reasons:
1. An article can have an influence on cases, even if difficult to demonstrate.? Many courts don?t cite law review articles even when they rely on them.? Judges are notorious for not being particularly charitable with citations.? They often copy verbatim parts of briefs, for example.? If a law professor relies on a scholarly work even in a minor way, the professor will typically cite to the work.? Not so for courts.
2. Most articles will not change the law.? Changing the law is quite difficult, and if most law review articles changed the law, the law would be ridiculously more dynamic than it currently is.
3. No matter what discipline or area, most of the things produced are not going to be great.? Most inventions are flops.? Most books, songs, movies, TV shows, art works, architecture, or anything produced are quite forgettable and will likely be forgotten.? Great lasting works only come around infrequently, no matter what the field.
4. Most people are forgettable too.? In the law, most practitioners and judges have been forgotten.? Only a few great ones are remembered.? Of the judges who are most well-known, it is interesting that many were more theoretical in nature and had a major impact in changing the law ? typically in ways law professors might change the law.? Think of Benjamin Cardozo, who wrote many articles and books and who radically changed the law.? Think of Felix Frankfurter, a former law professor.? Think of Louis Brandeis.? Think of Oliver Wendell Holmes.? These were jurists who were thinkers.? They were readers.? They were literary.? They were writers of scholarship too.? Maybe the forgettable practitioners and judges are the ones who ignore legal scholarship.
5. The commentator?s remarks that I quoted above seems to be only focused on judicial decisions.? Legal change can occur legislatively as well as through administrative rulemaking.? A lot of legal scholarship that critiques the law can have influence in legislatures or with agencies.
6. The commentator writes: ?I don?t think most policymakers tend to read law review articles.?? I doubt that the Congresspeople themselves read law review articles, but staffers might take a look where relevant.? They won?t likely read them cover to cover, but if there?s an article on point that is helpful, I believe they will read it.
7. In my own experience, I?ve found that some of my more theoretical writing has been read frequently by practitioners.? My book Understanding Privacy, for example, is a theoretical account of what ?privacy? means and why it is valuable.? I base my theory on the ideas of Ludwig Wittgenstein and John Dewey, and I cite to a lot of social science literature.? More than some of my more so-called ?practical? work, it is this book where I receive the most positive feedback from practitioners.? In particular, a lot of Chief Privacy Officers in business, government, and education find the book useful.
8. Legal change can be slow.? Samuel Warren and Louis Brandeis?s The Right to Privacy was a very influential law review article, spawning four privacy torts in a majority of states.? They published their article in 1890.? Ten years later, the article would have been viewed as a failure.? No courts had adopted their theory.? No legislatures had adopted their theory.? Finally, in 1902, the N.Y. Court of Appeals rejected Warren and Brandeis?s theory.? At this point, the legal scholarship naysayers would be saying that Warren and Brandeis?s article would have been a total flop.? A dozen years had passed, and a court declined to change its precedent based on the article.? But then the N.Y. legislature stepped in and recognized a privacy tort based on the article.? And slowly, other courts and legislatures followed.? This process was slow.? It took about 50 years to unfold.
?November 26, 2011 at 4:19 pm
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Posted?in:?Jurisprudence, Law and Humanities, Law Practice, Law School (Scholarship), Legal Theory
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Source: http://www.concurringopinions.com/archives/2011/11/the-usefulness-of-legal-scholarship.html
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