Corporate profits peaked some quarters ago. Capital expenditures are down. Relative to prior years. New Small Businesses are forming at the lowest rate in many years. They cant find the capital to get organized. For those that do have the capital, theres little reason to make big new investments that demand at home and especially abroad just is not there. For companies depending on exports, the strong dollar and weak growth abroad make them less competitive. For companies and countries that depend on the production, sale, and movement of energy and commodities, they saw the bottom drop out of the prices last year. How much lower will they go this year . Most of our businesses would like Nothing Better than to pay their employees more, hire more of them, and provide better benefits. But the current economy and the current Government Policies are making that very difficult. Just one example. Compliance with obamacare is costing companies a small fortune, and it is significantly driving u
That these refuses benefit College Athletes and their student bodies at large. But i think we have to consider whether the lure of such riches could corrupt the basic mission of Athletic Programs. Winning teams get higher payouts than losing teams which creates a strong incentive to win. An incentive which land grant public universities and others are more than happy to follow and win at any cost. Much of the money is often funneled right back into the sports programs in the form of multimilliondollar coaching facilities and state of the art facilities many of it paid for by the taxpayerses to perpetuate the cycle of winning. I think somewhere in my reading here, about 48 million of all the 900 million that ncaa gets from, you know, their broadcasting, march madness and all the rest of it, a very small portion goes specifically to academics. But even thats hard to figure. Because nobody has the figures. Mr. Emmert works for them. They make the decisions. He carries out what they want.
A crackdown on corruption in soccer. Nine soccer officials and five Corporate Executives have been charged. They call it a 24yearlong conspiracy involving 150 million in kickbacks. In zurich switzerland, fifa is holding a News Conference. Earlier, swiss Police Arrested six officials. Fifa has been accused of corruption for years. Russia and qatar have been named top posts. This firs for fifa is good. It is, in terms of cleaning up and everything of what it is, in terms of the process, it is good. Vonnie we have more on this in a few minutes and all morning. Time is running short for greece. Greek officials are meeting in brussels. Greece must pay the imf 8 billion early next month. Bloomberg news reports little has been found in recent talks. Greece is balking at making reforms in labor laws and sales tax. Cyber crooks have used the irs website to steal information on more than 100,000 taxpayers. They used that data to file face to file fake tax returns and irs Officials Say they remov
People at a military base in washington. Bosses of hostages are freed in the philippines but some are still held at gunpoint. And the Costa Concordia is raised in 18 hours. There are calls for the chemical attack in syria to be referred to the International Criminal court. The nerve agent sarin was used august 21st. The details support their claim that the government is to blame. While the u. N. Claims unequivocally chemical weapons were used. And rockets compared sarin. 85 of the samples taken from the attack tested positive for the agent. The u. N. Secretary general came to speak to reporters after presenting the Security Council with what he said was evidence of a war crime. As he spoke he was flanked by the head of his weapons inspection team, who wrote the report. The report makes for chilling reading. The team gathered testimony from survivors, medical personnel and first responders. The findings are beyond doubt this is war crime and grave violation of the 1925 protocol, and oth
Washington. Mission accomplished the Costa Concordia is upright again we begin in the philippines with the chief of zamboanga has been taken hostage and its the 9th day of confrontation between forces and fighters from the liberation front and we have the latest from zamboanga. Some of our exact things remain unclear on the ground and there are not as many clashes between the liberation front and Government Forces. The news that the Zamboanga Police chief has been taken hostage with other several other police is a surprise as people were expecting here on the ground that there will be a slow down of forces. Now, for those the government announced there were hostages that have been freed but its unknown how many are under the custody from mnlf and there was a question of the service here and from the size of this all they ever wanted was a channel directly with the liberation frontage at least initially, try to rescue those who have been trapped. Now, having spoken to them and the comma