SOMERSET, Mass. (AP) — Dozens of climate activists were arrested Sunday at a rally protesting a coal-fired power plant in Somerset.
Forty-four protesters demanding cleaner, alternative fuel sources were arrested at the Brayton Point Power Station and charged with trespassing.
Up to 400 activists from across New England and the Northeast gathered at the power plant site. The protest was organized by 350.org Massachusetts.
Source: FULL ARTICLE at Huffington Post
Lobster rolls are synonymous with summer in New England, but lately the beloved seafood sandwich has been making its way across the country and onto menus from coast to coast. From high-end hotels to highway exits, our Forbes Travel Guide editors found 10 lobster rolls that should top your summer to-do list—and while plenty of our picks are the ticket to pleasing lobster-roll traditionalists, others will make you do a double take with their creative twists. …read more
Source: FULL ARTICLE at Forbes Latest
By John Johnson
Smoking pot is now legal in all of New England—provided you have a doctor’s permission. New Hampshire today became the last state in the region to approve, as Gov. Maggie Hassan made it official, reports the Union Leader . It joins 18 other states. Patients who qualify will be able… …read more
Source: FULL ARTICLE at Newser – Home
Two years after he made history by becoming the Navy’s first black pilot, Ensign Jesse Brown lay trapped in his downed fighter plane in subfreezing North Korea, his leg broken and bleeding. His wingman crash-landed to try to save him, and even burned his hands trying to put out the flames.
A chopper hovered nearby. Lt. j.g. Thomas Hudner could save himself, but not his friend. With the light fading, the threat of enemy fire all around him and Brown losing consciousness, the white son of a New England grocery-store magnate made a promise to the black son of a sharecropper.
“We’ll come back for you.”
More than 60 years have passed. Hudner is now 88. But he did not forget. He is coming back.
Hudner, now a retired Navy captain, heads to Pyongyang on Saturday with hopes of traveling in the coming week to the region known in North Korea as the Jangjin Reservoir, accompanied by soldiers from the Korean People’s Army, to the spot where Brown died in December 1950.
The reservoir was the site of one of the Korean War’s deadliest battles for Americans, who knew the place by its Japanese name, Chosin. The snowy mountain region was nicknamed the “Frozen Chosin,” and survivors are known in U.S. history books as the “Chosin Few.”
The Battle of the Chosin Reservoir lasted for 17 brutal days. Some 6,000 Americans were killed in combat, and thousands more succumbed to the cold. Brown and many others who died there are among more than 7,910 Americans still missing in action from the war.
Though the fighting ended with an armistice signed 60 years ago July 27, North Korea and the U.S. remain technically at war. Efforts to recover remains have come in fits and starts, with little recent progress.
Next week’s mission is to pick up where search teams have left off by locating the exact spot of Brown’s crash. Armed with maps and coordinates, they hope to work with North Korean soldiers to excavate the remote area, a sealed site controlled by the North Korean military.
Approval for the unusual journey comes as North Korea prepares for festivities marking the upcoming armistice anniversary. Pyongyang is expected to use the …read more
Source: FULL ARTICLE at Fox World News
By Matt Cantor
Heroin’s not just a city drug anymore: Its use is surging in the smaller communities of New England, the New York Times reports. Last year, 21 people died in Maine from the drug—three times as many as the year before. Over the course of a decade, New Hampshire’s yearly… …read more
Source: FULL ARTICLE at Newser – Health
Matt Garrison is an entrepreneur. In January of 2012 he and business partner Nathan Laurell started selling product to customers. By year’s end he says they’d brought in about $12 million at 10-15% gross profit margins. In the first half of 2013 their company generated about $26 million. Garrison and Laurell didn’t develop a killer app, kickstart a hit ecommerce site or discover an untapped oil reserve—they got into the wide open game of buying and selling wholesale electricity. Electricity is a $300 billion market in the U.S. Of that, the deregulated electricity market is about $190 billion and growing as more states are throwing off regulation, allowing private entrepreneurs to buy and resell the energy. When electricity is generated by a power company, it’s quite possible for that energy to be bought and sold several times before it finds its way to the outlets in a person’s home. According to the Electric Power Supply Association, “one does not need to either own any generation or serve any end-use customers. Just as with many other commodities – pork bellies, oil or stocks – individual traders (or power marketers) exist who buy power on the open market and re-sell it.” So far there about 15 states that have deregulated their electricity industries in varying capacities, including Texas, Illinois, Ohio, New Jersey, and most of New England. Deregulation is underway in Michigan, California and Arizona right now. Some states could be squeamish about deregulation. Opening the electricity market up to private businesses has allegedly caused market manipulation. The Federal Energy Regulatory Commission recently imposed a $435 million on Barclay’s PLC for questionable practices in the space between 2006 and 2008. Garrison’s company, the Chicago Illinois-based Energy.Me, buys electricity and sells it to electricity brokers that in turn sell to end-users. He and his 20+ person company are making a killing as middlemen, with about $180 million in contracted revenue over the next 18 months. So how did Garrison’s Energy.Me grab so much revenue so fast? As he tells it, the market is wide open and encumbered by a utility mindset. Bringing a growth-focused, entrepreneurial mindset to the game can make all the difference in the world. “(Utilities) are very good at certain things and very bad at certain things,” said Garrison. “Our business model is designed to exploit things that we’re really good at and they’re not really good at. I think we’ve found a niche where we can do that.” Energy.Me’s strength lies in its technology, in particular its pricing algorithm. “It can take a big utility like First Energy a week to price a deal,” says Garrison. “We’ll get a broker on the phone and we’ll price a deal for them literally in 30 or 45 seconds.” Energy.Me also only focuses on selling to brokers, not directly to customers. Were it to skip over the brokers it would need to invest in a much larger sales force and increase its overhead—a cost adjustment Garrison says he’s not willing to make. …read more
Source: FULL ARTICLE at Forbes Latest
At least five retailers with deep New England ties will not sell the Rolling Stone magazine featuring an unsmiling, scruffy Boston Marathon bombing suspect Dzhokhar Tsarnaev on its cover.
The picture, which accompanies a story titled “Jahar’s World,” shows the 19-year-old accused murderer with his long, curly hair tousled, reminiscent of the magazine’s iconic shots of rock ‘n’ roll royalty like The Doors’ Jim Morrison and Bob Dylan.
The issue, which hits newsstands Friday, depicts Tsarnaev above a boldface headline, “The Bomber.” The story, which features interviews from childhood friends, teachers and law enforcement agents, promises to reveal how a “popular, promising student was failed by his family, fell into radical Islam, and became a monster.”
Multiple retailers, including CVS and Walgreens, have decided not to carry the issue in their stores.
“CVS/pharmacy has decided not to sell the current issue of Rolling Stone featuring a cover photo of the Boston Marathon bombing suspect,” the Rhode Island-based pharmacy chain said in a statement. “As a company with deep roots in New England and a strong presence in Boston, we believe this is the right decision out of respect for the victims of the attack and their loved ones.”
Other retailers who have said they will not carry the issue include Walgreens, Rite Aid, Stop & Shop, the grocery chain the Roche Bros and Tedeschi Food Shops, a Massachusetts-based convenience store chain.
Other critics of the cover, including Boston Mayor Tom Menino and Massachusetts Gov. Deval Patrick, struck fast, accusing the magazine of offering Tsarnaev “celebrity treatment” and calling the cover “ill-conceived, at best in a letter written by Menino to Rolling Stone publisher Jann Wenner.
“The survivors of the Boston attacks deserve Rolling Stone cover stories, though I no longer feel that Rolling Stone deserves them,” the letter concluded.
Rolling Stone, for its part, issued a statement Wednesday saying the story was part of its “long-standing commitment to serious and thoughtful” coverage of the most important current political and cultural issues.
“The fact that Dzhokhar Tsarnaev is young, and in the same age group as many of our readers, makes it all the more important for us to examine the complexities of this issue and gain a more complete understanding of how a tragedy like this happens,” the statement said.
Rolling Stone did not address whether the photo was edited or filtered in any way in a brief statement offering condolences to bombing survivors and the loved ones of the dead.
In a blog posting late Tuesday, Rolling Stone detailed “five revelations” in the story by contributing editor Janet Reitman, including Tsarnaev’s increasing devotion to Islam while still in high school, as well as his older brother Tamerlan Tsarnaev’s possible mental illness, which the boys’ mother decided would be better treated by Islam than by a psychiatrist.
“Around 2008, Jahar’s older brother Tamerlan confided to his mother that he felt like ‘two people’ were inside him,” the blog posting reads. “She confided this to a close friend who felt he might need a psychiatrist, but Zubeidat believed that religion would be the …read more
Source: FULL ARTICLE at Fox US News
CVS and New England-based grocery store chain Tedeschi Foods say they won’t be selling this week’s Rolling Stone, which features Boston bombing suspect Dzhokhar Tsarnaev on the cover, Boston Magazine reports.
Tedeschi posted this to its Facebook page after Rolling Stone released an early peek of the cover, which is set to hit shelves Friday:
Source: FULL ARTICLE at Huffington Post
Rik Stevens, a veteran reporter and editor for The Associated Press in upstate New York, has been named to the news cooperative’s newly created position of administrative correspondent for Northern New England.
The appointment was announced Tuesday by Karen Testa, the AP’s editor for the East region of the U.S.
As correspondent, Stevens will work with staff in New Hampshire, Maine and Vermont to aggressively pursue spot and enterprise stories, set the news agenda and provide robust multi-format reporting. He also will contribute original reporting for the state, regional and national reports.
Stevens, 48, will report to Cara Rubinsky, AP’s news editor for New England, and will be based in Concord, N.H.
Stevens has been news editor for upstate New York since 2001. During that time, he has led coverage of a plane crash into a home near Buffalo that killed 50 people; the debate and passage of the state’s gay marriage law; a rampage at a civic association office in Binghamton that killed 13 people; and the downfall of a governor because of a prostitution scandal.
“Rik is a smart, energetic news leader who brings a wealth of experience as editor and reporter,” Testa said. “His work in pressing for accountability reporting and distinctive enterprise will help to build on the strength of our reports across New England.”
Before joining the AP, Stevens worked as a reporter for The Saratogian and The Gazette company.
He’ll begin his new role in mid-August.
Source: FULL ARTICLE at Fox US News
The greatest threat of a tsunami for the U.S. east coast from a nearby offshore earthquake stretches from the coast of New England to New Jersey, according to John Ebel of Boston College, who presented his findings today at the Seismological Society of America 2013 Annual Meeting.
Filed under: Investing
Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on Its Series A and B Preferred Stocks
COLUMBUS, Ohio–(BUSINESS WIRE)– Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (NAS: HBANP) of $21.25 per share. The dividend is payable July 15, 2013, to shareholders of record on July 1, 2013. The board of directors also declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $7.44275549 per share (equivalent to $.1860689 per depositary receipt share). The dividend is payable July 15, 2013, to shareholders of record on July 1, 2013.
Huntington Bancshares Incorporated is a $56 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance service programs, and other financial products and services. The principal markets for these services are Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 700 traditional branches and branches located in grocery stores. We also have an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,400 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
Huntington Bancshares Incorporated
Todd Beekman, 614-480-3878
Mark Muth, 614-480-4720
Maureen Brown, 614-480-5512
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The article Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on Its Series A and B Preferred Stocks originally appeared on Fool.com.
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By NFL.com Aaron Hernandez had shoulder surgery this offseason, and while the New England tight end is expected to be back for the start of training camp it’s one more issue for the Patriots’ receiving corps.
Deep cuts in catch limits will hit New England‘s fishing fleet in less than three weeks, and there’s little hint any real relief is coming. But regulators and fishermen are still seeking ways to lessen a blow fishermen warn will finish them off.
In recent months, federal regulators have pushed several measures that aim to give fishermen more fish to catch by the May 1 start of the 2013 fishing year. Meanwhile, fishing groups and lawmakers are lobbying for changes that would make year-to-year cuts in the crucial Gulf of Maine cod species less severe.
As time grows short, Gloucester’s Al Cottone said he and his fellow fishermen seem to be facing the future in a sort of “state of shock.”
“Everyone’s in denial. They still think, you know, someone’s going to come in on their white horse and save us,” he said.
The 2013 catch limit reductions come as science indicates key populations of bottom-dwelling groundfish — such as cod and flounder — are weak and recovering too slowly.
In January, regional managers approved a broad slate of cuts in catch limits to rebuild fish stocks, including a 77 percent year-to-year reduction in catch of cod in the Gulf of Maine and 61 percent in the catch of cod on Georges Bank.
Fishermen predict the range of cuts will kill the centuries-old fleet, while regulators acknowledge industry upheaval is ahead.
The cuts follow a down 2012 fishing year that’s seen fishermen catch well below their allotments on several key species.
That’s proof, some have argued, that the fish are in trouble, and it also shows the coming cuts might not be as brutal as feared.
For instance, the 61 percent year-to-year cut on the quota for Georges Bank cod doesn’t look as harsh when the total allotment for the cod in 2013 is still more than fishermen are on pace to catch this fishing year.
But fishermen say the cuts are so broad, and involve so many key species, that they simply leave the industry with too few fish to make a living. So the aim of many mitigation measures proposed by the National Oceanic and Atmospheric Administration is to make more fish available to the fleet.
For instance, regulators have proposed increasing catch allotments for healthier species, including white hake, dogfish and monkfish, which are alternative species for many groundfishermen.
The winter flounder that swim in southern New England and the mid-Atlantic could again be available to catch for the first time since 2009, with regulators saying the species is now healthy enough to fish.
Fishermen could also boost their quotas by transferring over a percentage of whatever they didn’t catch from their 2012 allotments.
One controversial proposal opens up segments of long-closed fishing areas off New England, so fishermen can better chase robust stocks that live there, including redfish and haddock.
But that’s strongly opposed by environmentalists who worry fishermen could devastate a last refuge for a struggling species. The issue won’t be decided before May.
Federal regulators have also pledged to find $6.7 million to cover the cost of hiring required at-sea
About a year ago, a quick-witted race photographer snapped a great photograph of a 24 Hours of LeMons Alfa Romeo Spider bouncing a connecting rod off the pavement. (See the amazing image here.) That photographic feat was pretty cool, and we felt sure that nobody would ever match it . . . until we saw what one team’s GoPro caught at last weekend’s There Goes the Neighborhood race in New York!
The Peugeot 405 was the final car Peugeot sold in the United States before packing up and heading home, and the Mi16 version was a factory hot rod that came with a mighty 150-horse engine. The Punisher GP LeMons team picked up an Mi16 a couple years back, and then they kept finding more and more of the things, always priced well below scrap value. These days, Punisher GP races a pair of identical cars in Eastern Region LeMons races, and they always make an impressive entrance to the inspection with their Peugeot-towing-Peugeot setup.
The problem is that these Pugs’ high-strung engines have a tendency to, well, explode under race conditions. I can’t recall exactly how many engines this team has scattered all over LeMons tracks over the years (the above photo of a 405 Mi16 nuking yet another motor was shot at the New England 2011 race), but let’s just say that it’s not an uncommon occurrence for Punisher GP and leave it at that.
Your LeMons correspondent has become somewhat of a thrown-rod connoisseur during his years following this series (so much so that he has created a collection of thrown-rod desktop wallpaper files for the enjoyment of LeMons fans), and some LeMons races feature as many as 10 engines blasting rods, crankshaft segments, and other once-internal components through blocks and oil pans. It takes a truly spectacular engine disintegration to stand out from this background of mechanical carnage, and what happened to the #405 Punisher GP Peugeot’s powerplant certainly qualifies.
Both of the team’s cars were running very well on Sunday afternoon at Monticello Motor Club, so well that the #917 car had managed to grab the Class C lead. The #405 car wasn’t far behind, but then disaster struck (again).
The Bruce Springsteen–themed “The Boss” Toyota Celica was close behind the #405 Punisher GP car when choking clouds of smoke began pouring from the Peugeot. Hey, that happens all the time. But what’s that object emerging from the smoke?
Boom! What appears to be a connecting-rod cap smashed right into the Celica’s windshield. This is why 24 Hours of
Filed under: Investing
Given that you clicked on this article, it seems safe to assume you either own stock in People’s United Financial or are considering buying shares in the near future. If so, then you’ve come to the right place. The table below reveals the nine most critical numbers that investors need to know about People’s United stock before deciding whether to buy, sell, or hold it.
But before getting to that, a brief introduction is in order. Founded in 1842, People’s United is one of the oldest financial institutions in the country. And today, it’s one of the largest regional banks in New England, with locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. It currently operates 418 branches and has $30 billion in assets.
As you can see in the table above, People’s United exhibits a number of core strengths. Its net interest margin exceeds the industry average by 16 basis points, showing prudent interest rate risk. Its nonperforming loans ratio is far below its typical peer, demonstrating a convincing handle on credit risk. And finally, it pays out a generous 89% of its earnings via dividends.
On the other hand, People’s United’s paradoxically low return on equity is indicative of death by a thousand cuts. It’s slightly less leveraged than its peers, has a smaller proportion of income generated by fees, and its efficiency ratio is marginally higher. Taken together, the cumulative effect is to drive down its ROE. And what’s not represented here, moreover, is the downward trend in the bank’s tangible book value per share, which has fallen from above $15 in 2007 to down below $9 today.
Many investors are scared about investing in big banking stocks after the crash, but the sector has one notable standout. In a sea of mismanaged and dangerous peers, it rises above as “The Only Big Bank Built to Last.” You can uncover the top pick that Warren Buffett loves in The Motley Fool’s new report. It’s free, so click here to access it now.
The article People’s United Financial Stock: 9 Critical Numbers originally appeared on Fool.com.
John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Source: FULL ARTICLE at DailyFinance
Filed under: Investing
Cubist Pharmaceuticals and the New England Patriots Radio Network Honor Lynn, Massachusetts Biology Teacher
LEXINGTON, Mass.–(BUSINESS WIRE)– Cubist Pharmaceuticals, Inc. (NAS: CBST) , in partnership with The New England Patriots Radio Network, 98.5 The Sports Hub, today honored Lauren Mezzetti, a biology teacher at Lynn English High School in Lynn, Mass., as the recipient of the 2012 Cubist Pharmaceuticals Science Education Leadership Award.
Former New England Patriot Joe Andruzzi (left) and Cubist Chief Scientific Officer Steve Gilman recognize Lauren Mezzetti of Lynn English High School, as the recipient of the Cubist Science Education Leadership Award (Photo: Business Wire)
As part of Ms. Mezzetti’s award, today Cubist’s Chief Scientific Officer Steven Gilman presented the Lynn English High School science department with a $5,000 check and former New England Patriot Joe Andruzzi addressed the students.
During the football season, 12 “Teachers of the Week” were recognized as innovative science teachers in middle and high schools throughout New England. From the group, Ms. Mezzetti was selected as the award recipient. Ms. Mezzetti has taught biology at Lynn English High School for eight years and, prior to that, at the local middle school. Ms. Mezzetti is responsible for creating an important online resource for students, teachers and parents called Bulldog Biology. The site includes curriculum, lesson plans, worksheets, animations and links designed to help students better understand the themes and concepts of biology. Ms. Mezzetti also recently helped her science department secure a state grant to purchase new microscopes for her school.
In addition to Ms. Mezzetti, the following “Teachers of the Week” were recognized during the New England Patriots radio broadcast:
- Julie Mark, Neighborhood House Charter School
- Jonas LaPointe, Franklin County Technical School
- Loreen Meyer, King Phillip Regional High School
- Lenora Goodwin, Central High School
- Harold Tuttle, Rundlett Middle School
- Nancy Gifford, Harwich Middle School
- Michael Maloney, Somerville High School
- Nancy Wile, Pentucket Regional Middle School
- Kelly Graveson, Douglas High School
- Scott Brown, Marlborough High School
Source: FULL ARTICLE at DailyFinance
After a 17-year hiatus, billions of cicadas are expected to crawl out of the ground this spring and swarm the U.S. East Coast.
According to the New York Daily News, teeming hordes of Brood II cicadas will likely emerge sometime between mid-April and late May. The insects are expected to fill the skies from North Carolina through New England with a noisy chorus that has been compared to the rumble of a New York City subway train.
“Brood II is a periodic cicada that hatches out every 17 years,” Craig Gibbs, an entomologist at the Wildlife Conservation Society’s Queens Zoo, told CBS News.
Source: FULL ARTICLE at Huffington Post