Tag Archives: Rhode Island

Weston Financial Says "Avoiding Tax Mistakes" Key to Financial Planning

By Business Wirevia The Motley Fool

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Weston Financial Says “Avoiding Tax Mistakes” Key to Financial Planning


New White Paper Offers Tax Tips for 2013 Planning

WELLESELY, Mass.–(BUSINESS WIRE)– Weston Financial Group, Inc., a Wellesley, MA-based registered investment advisor with $1.6 billion under management, today released a white paper, “Avoid Tax Mistakes:Taxes Become Strategic for Financial Planning in 2013.”The paper highlights the two types of broad tax strategies and the eight common tax errors people should consider when reviewing their financial plans. The paper also discusses marginal, effective and situational rates, capital gains, managing IRAs, and risk of being enticed by new tax rules.

Information about the white paper, or Weston Financial services, is available by contacting Drew Bottaro , Esq., CFP ® , Weston Financial Group Vice President & Senior Financial Counselor, at 1-781-235-7055. Bottaro, who was recently named a Five Star Wealth Manager by Five Star Professional, has more than 20 years of experience as a financial planning professional.

Weston Financial, a division of Washington Trust Wealth Management , was founded in 1979 to assist affluent families, high net worth corporate executives, and professionals in managing their financial affairs. Weston’s team of wealth managers hold advanced degrees and designations, ranging from JD, MBA, CFP® practitioner, CPA, Masters in Taxation, and Chartered Financial Analyst®. Weston’s services include investment management, retirement planning, estate planning, and tax and risk management. Weston Financial is a division of The Washington Trust Company , the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc ., NASDAQ Global Select: WASH, a $3.1 billion corporation headquartered in Rhode Island.

Washington Trust
Elizabeth B. Eckel, 401-348-1309
401-348-1407
Senior Vice President, Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Connecticut  Massachusetts  Rhode Island

INDUSTRY KEYWORDS:

The article Weston Financial Says “Avoiding Tax Mistakes” Key to Financial Planning originally appeared on Fool.com.

Try any of our Foolish newsletter services free …read more

Source: FULL ARTICLE at DailyFinance

Gunman reported at Univ. of Rhode Island

Police are investigating reports of a gunman at the University of Rhode Island.

Steven O’Donnell, head of the Rhode Island State Police, tells The Associated Press on Thursday that there is no evidence of an active shooter.

The school in South Kingstown wrote on its Twitter feed late Thursday morning that it was investigating a possible gunman on campus. It told people to seek shelter and stay where they were.

…read more

Source: FULL ARTICLE at Fox US News

University of Rhode Island on lockdown, investigates possible gunman on campus

The University of Rhode Island is investigating reports of a possible gunman on its campus.

Steven O’Donnell, head of the Rhode Island State Police, tells The Associated Press on Thursday that there is no evidence of an active shooter, however, the school was placed on lockdown.

The gunman, who may be a student, was reportedly spotted at Chaffee Hall on the school’s campus. Authorities reportedly have surrounded the building. There are no reports of gunshots being heard.

The school wrote on its Twitter feed late Thursday morning that it was investigating a possible gunman on campus. It told people to seek shelter and stay where they were.

The Associated Press contributed to this report

…read more

Source: FULL ARTICLE at Fox US News

Brookline Bancorp, Inc. Announces First Quarter 2013 Earnings Release Date and Conference Call

By Business Wirevia The Motley Fool

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Brookline Bancorp, Inc. Announces First Quarter 2013 Earnings Release Date and Conference Call

BOSTON–(BUSINESS WIRE)– Brookline Bancorp, Inc. (NAS: BRKL) announced today that it will report first quarter 2013 earnings at the close of business on Wednesday, April 24, 2013. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, April 25, 2013. Interested parties may listen to this call by dialing 888-317-6016 (United States) or 412-317-6016 (internationally) and ask for the Brookline Bancorp conference call. A recorded playback of the call will be available for one week following the call at 877-344-7529 (United States) or 412-317-0088 (internationally). The passcode for this playback is 10027149. The call will be available live or in a recorded version on the Company’s website at www.brooklinebancorp.com.

ABOUT BROOKLINE BANCORP, INC.

Brookline Bancorp, Inc., a bank holding company with approximately $5.15 billion in assets and 46 branches throughout Massachusetts and Rhode Island, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank, Bank Rhode Island, and First Ipswich Bank. The Company provides commercial and retail banking services, and cash management and investment services to customers throughout Central New England. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: www.brooklinebank.com, www.bankri.com, and www.firstipswich.com.

Brookline Bancorp, Inc.
Thomas J. Meshako, 617-927-4889

KEYWORDS:   United States  North America  Massachusetts

INDUSTRY KEYWORDS:

The article Brookline Bancorp, Inc. Announces First Quarter 2013 Earnings Release Date and Conference Call originally appeared on Fool.com.

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.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Washington Trust Announces April "I Luv RI" Photo Contest Winner

By Business Wirevia The Motley Fool

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Washington Trust Announces April “I Luv RI” Photo Contest Winner


“Favorite Memories” Theme Attracts Hundreds of RI Photos

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust and Rhode Island Monthly have selected a photo by Mary Buetow of Woonsocket, RI as April’s I Luv Rhode Island photo contest winner. The photo, entitled “Father’s Day at Brenton Point,” was chosen from hundreds of entries in the “Favorite RI Memories” category. The photo, which appears in this month’s edition of Rhode Island Monthly Magazine, displays colorful kites being flown at Brenton Point State Park in Newport, Rhode Island.

April’s winning I Luv RI photo “Father’s Day at Brenton Point,” taken by Mary Buetow features an array of colorful kites. (Photo: Business Wire)

“Going to Brenton Point on Father’s Day has been a tradition in my family for about five years now,” said Buetow. Adding, “All of my children and grandchildren head to Brenton Point with our kites — there are about 15 of us —and we spend the day together.”

Rhode Island has many beautiful places, like Brenton Point in Newport, for families to create life-long memories,” stated Joseph J. MarcAurele, Washington Trust Chairman, President and CEO. “This photo captures both the beauty of Rhode Island and the spirit of family fun.”

The “I Luv RI” photo contest is sponsored by Washington Trust in conjunction with Rhode Island Monthly. Photographers may enter by sending their favorite Rhode Island photo to: www.rimonthly.com/ILUVRI , or by visiting www.iluvri.com . Each month in 2013, a winning photo will be selected and published in Rhode Island Monthly magazine. Monthly photo winners also receive an “I Luv RI” gift basket full of Rhode Island items.

To enter a photo in the contest, visit the I Luv RI photo contest page . For more information about I Luv RI, visit www.iluvri.com .

…read more
Source: FULL ARTICLE at DailyFinance

Rhode Island parents moved to tears after Pope Francis hugs their disabled son

A Rhode Island couple says they were speechless and moved to tears when Pope Francis hugged and kissed their disabled 8-year-old son in St. Peter’s Square on Easter Sunday.

Paul and Christina Gondreau of Johnston and their five children attended Easter Mass at the Vatican. An usher directed the boy, Dominic, who has cerebral palsy, and his mother to an area designated for handicapped children, said Paul Gondreau, a theology professor at Providence College who is teaching this semester in Rome.

When the pope’s vehicle arrived, the same usher motioned to the driver to stop and with the help of the mother, held the boy up to Pope Francis, who took the boy in his arms and kissed him, The boy appeared to try to bring his right arm around to embrace the pontiff.

Videos and photos of the pontiff standing in the “popemobile” and holding Dominic were transmitted worldwide. Pope Francis also hugged and kissed other children as he greeted the crowd after Mass.

A story on the Providence College website says Paul Gondreau called the moment “an incredibly moving encounter.”

He says his son teaches him daily lessons about how to love.

Click for more from Providence.edu

The Associated Press contributed to this report

…read more
Source: FULL ARTICLE at Fox US News

Freedom's Just Another Word for Living in Minot?

By Timothy B. Lee, Contributor The Mercatus Center has a new study out on “Freedom in the 50 States,” and it has some interesting conclusions. According to Mercatus, the freest states in the union are North Dakota, South Dakota, Tennessee, New Hampshire, and Oklahoma. The most oppressive states are New York, California, New Jersey, Hawaii, and Rhode Island. …read more
Source: FULL ARTICLE at Forbes Latest

Washington Trust Again Offers Free RI Beach Pass with New Checking Account Bank's I Luv RI Campaign

By Business Wirevia The Motley Fool

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Washington Trust Again Offers Free RI Beach Pass with New Checking Account Bank’s I Luv RI Campaign Celebrates Rhode Island’s State Beaches

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust is once again offering a free Rhode Island State Beach Pass Season’s Pass to anyone who opens up a new checking account with a $50 recurring direct deposit. The beach pass can be used this summer any of Rhode Island‘s eight state beaches, including: Charlestown Breachway, East Beach, East Matunuck, Misquamicut, Roger Wheeler, Salty Brine, and Scarborough North and South.

Washington Trust is Rhode Island’s bank,” said Joseph J. MarcAurele, Washington Trust‘s Chairman, President and CEO. “Founded in Rhode Island in 1800, we’re the largest independent bank headquartered in the State. Our ‘I Luv RI‘ campaign celebrates everything that’s great about Rhode Island. What better way to share our love of the Ocean State than provide people with an opportunity to obtain free beach passes?”

Washington Trust checking account customers will receive a gift certificate for a Rhode Island state beach pass when their first $50 direct deposit is posted to their new checking account. A Washington Trust checking account also includes free online banking and bill payment, a free debit card with rewards, free mobile banking and more than 100 convenient ATM locations.

The gift certificate, valued at $60, may be redeemed for a state beach pass beginning May 18, 2013 (weekends only) through Memorial Day at Misquamicut, Roger Wheeler, Scarborough, and East Matunuck state beaches. Passes will be available daily at all State beaches after Memorial Day. The gift certificates are transferable and do not expire. Non-Rhode Island residents may redeem the gift certificate towards the cost of an out-of-state season’s beach pass.

“We are delighted that Washington Trust is once again featuring Rhode Island state beaches as part of its I Luv RI’ campaign,” said Department of Environmental Management Director Janet Coit. “Rhode Island has some of the most spectacular beaches that can be found anywhere, and sharing them with family, friends and visitors creates memories that last a lifetime. Our world-class, state-of-the-art beach facilities are among the state’s major tourist attractions and generate billions of dollars for the local and state economy every year.”

For more information about Washington Trust‘s Free Rhode Island State Beach Pass promotion, or the Bank’s “I Luv RI” campaign, visit www.washtrust.com or email the Bank at marketing@washtrust.com.

The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $3.0 billion corporation headquartered …read more
Source: FULL ARTICLE at DailyFinance

Rhode Island Mayors Call For Gay Marriage In State

By The Huffington Post News Editors

By Daniel Lovering
BOSTON, March 25 (Reuters) – Six Rhode Island mayors voiced support for same-sex marriage on Monday, calling on the state Senate to pass a bill legalizing gay marraige that has already won overwhelming support in Rhode Island‘s House of Representatives.
The House in January voted strongly in favor of the bill, but the measure was expected to face an uphill battle in the state Senate.
Nine states and the District of Columbia have already legalized gay and lesbian weddings. Illinois, like Rhode Island, has a bill pending on the issue, with the state’s Senate having approved legislation in February but with its fate in the state House uncertain.
The legislation in Rhode Island, supported by independent Governor Lincoln Chafee, has been introduced in the House every year since 1997.
Rhode Island currently allows gay civil unions. It is the last of New England‘s six states without a law allowing gay nuptials.
On Monday, four mayors — Angel Taveras of Providence, Donald Grebien of Pawtucket, Daniel McKee of Cumberland and James Diossa of Central Falls — threw their support behind the bill at City Hall in Providence, said Devin Driscoll, a spokesman for Rhode Islanders United for Marriage, an advocacy group.
Two other mayors, Scott Avedisian of Warwick and Charles Lombardi of North Providence, also support the measure, but were unable to attend the news conference, Driscoll said.
“It’s a strong indication of the kind of unrelenting momentum that this campaign for marriage equality has,” he said, adding that the mayors were a majority of the state’s nine mayors. “This is the year.”
The state Senate president, Teresa Paiva Weed, opposes gay marriage but has said she would allow a Senate Judiciary Committee vote on the bill if it passed in the House. Last week, a Judiciary Committee hearing lasted for 12 hours, dragging on until 5 a.m., after hundreds of people signed up to testify, Driscoll said. No date has been set for the vote. …read more
Source: FULL ARTICLE at Huffington Post

Is Your State Embracing Obamacare?

By Brandy Betz, The Motley Fool

Filed under:

Medicaid expansion is coming — but not the way Obamacare predicted.

The Affordable Care Act hoped to broaden Medicaid  to include any patients under the age of 65 with earnings that fall below 133% of the federal poverty level. Financing would come from the federal level for the first few years before shifting some of the burden to the states. That potential spending has a number of state leaders scrambling to find­ ways to incorporate patients without explicitly signing on for the expansion.

What does this mean for the newly-eligible set to join Medicaid next year?

State standings
The Advisory Board Company provides the following breakdowns of where each state stands on Medicaid expansion:

Expanding Medicaid

Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, New Hampshire, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, Vermont, Washington

Not Expanding Medicaid

Alabama, Georgia, Idaho, Iowa, Louisiana, Maine, Mississippi, North Carolina, Oklahoma, Pennsylvania, South Carolina, South Dakota, Texas, Wisconsin

Probably Won’t Expand

Alaska, Nebraska, Wyoming

Probably Will Expand

Kentucky, New York

Undecided

Indiana, Kansas, Tennessee, Utah, Virginia, West Virginia

These groupings are based on comments from state leaders who have spoken publicly in support or rejection of expansion. But states continue to pursue deals with the feds. Maine falls into the “Not Expanding” category above, but Gov. LePage has asked the feds to pick up the state’s full Medicaid tab for 10 years, rather than the three years covered by the ACA. If the Department of Health and Human Services, or HHS, agrees, Maine could switch into the “Expanding” row.

But the most significant negotiations could occur due to a waiver Arkansas received from HHS, allowing for the use of federal funds to buy private insurance for the Medicaid eligible. Ohio and Florida are among the states that might follow Arkansas’ example. This path would allow politicians to be perceived as against the expansion without actually excluding the newly-eligible patients.

Expanding role for private insurers
Health insurance exchanges, or HIX, will commence next year to let people comparison shop for insurance plans. Some states will have their own HIX while others will participate in a federal exchange.

While Aetna offers Medicaid coverage in several of the states leaning toward expansion, it’s well-rounded behemoths like WellPoint and UnitedHealth that have the greatest earnings potential regardless of each state’s decision. Both companies offer Medicaid in more than 20 states and could potentially gain customers through the traditional Medicaid route and the private waivers.

But the expansion also carries risk for insurers. As fellow Fool Brenton Flynn noted, Medicaid beneficiaries were mostly children. The newly-eligible includes a higher percentage of older patients, and with that the number of health conditions that require treatment.

Insurers always have the option of opting out if the costs outweigh the rewards. A Centene subsidiary exited …read more
Source: FULL ARTICLE at DailyFinance

Acura recalling 76,000 TSX sedans in certain cold-weather states

By Seyth Miersma

Filed under:

Parent company Honda is issuing a recall for Acura TSX vehicles from model years 2004 to 2008, for a rather interesting fault with the electrical systems (well, kind of). It seems that TSX made between during that range have carpeting that degrades when it becomes saturated with “corrosive materials for deicing.” The carpeting is in contact with each Acura’s electronic control unit, which may in turn rust or become corroded as a result. All of that business could cause the engine to stall.

Acura is singling out cars registered in states that use these corrosive deicing materials (presumably road salt): Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, Wisconsin and the District of Columbia.

Owners of affected vehicles will be notified by Honda and instructed to bring their cars into the nearest Acura dealership. Dealers will inspect the ECU for damage, replace if needed, and cover with a waterproof piece; all free of charge. Check out the official recall notice below.

Continue reading Acura recalling 76,000 TSX sedans in certain cold-weather states

Acura recalling 76,000 TSX sedans in certain cold-weather states originally appeared on Autoblog on Sun, 24 Mar 2013 09:00:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

National Guard send furlough notices in error

The National Guard mistakenly sent out furlough notices to Guard members in 22 states, despite the Pentagon’s decision on Thursday to delay the notification of unpaid time off for two more weeks.

The Defense Department initially said it would be sending furlough notices to the bulk of its 800,000 civilian employees at the end of this week because of automatic budget cuts that took effect March 1. The Pentagon delayed the notices for two more weeks after Congress passed legislation moving some of the money around.

Officials are working with the states to get the notices rescinded.

The states are Alaska, Arkansas, Connecticut, Delaware, Florida, Indiana, Maine, Missouri, Montana, Nevada, Nebraska, New Hampshire, New Jersey, Oklahoma, Rhode Island, South Carolina, Tennessee, Utah, Virgin Islands, West Virginia, Wisconsin and Wyoming.

…read more
Source: FULL ARTICLE at Fox US News

Washington Trust Bancorp, Inc. Declares First Quarter Dividend

By Business Wirevia The Motley Fool

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Washington Trust Bancorp, Inc. Declares First Quarter Dividend

Company Increases Dividend to 25 Cents Per Share

WESTERLY, R.I.–(BUSINESS WIRE)– The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ Global Select®; symbol: WASH), today declared a quarterly dividend of 25 cents per share for the quarter ending March 31, 2013. This represents a one cent increase over the dividend paid last quarter and is the Corporation’s third dividend increase in the past year. The dividend will be paid on April 12, 2013 to shareholders of record on April 1, 2013.

Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, a state-chartered bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. Washington Trust offers a full range of financial services, including commercial banking, small business banking, personal banking, and wealth management and trust services through its offices located in Rhode Island, southeastern Connecticut and eastern Massachusetts. The Corporation’s common stock trades on The NASDAQ Global Select® Stock Marketunder the symbol WASH. Investor information is available on the Corporation’s web site: www.washtrust.com.

Washington Trust Bancorp, Inc.
Elizabeth B. Eckel, 401-348-1309
Senior Vice President, Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Rhode Island

INDUSTRY KEYWORDS:

The article Washington Trust Bancorp, Inc. Declares First Quarter Dividend originally appeared on Fool.com.

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.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Verizon Wireless' 4G LTE Network Now Available In and Around Presque Isle, Maine

By Business Wirevia The Motley Fool

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Verizon Wireless’ 4G LTE Network Now Available In and Around Presque Isle, Maine

PRESQUE ISLE, Maine–(BUSINESS WIRE)– Verizon Wireless:

WHO: Verizon Wireless, operator of the nation’s largest 4G LTE network and largest, most reliable 3G network

WHAT: Verizon Wireless‘ 4G LTE network has launched in and around Presque Isle, Maine. Verizon Wireless customers with compatible devices in Presque Isle and 12 additional surrounding communities are now able to experience the speed and capabilities offered by the nation’s largest 4G LTE network.

WHERE: The Verizon Wireless 4G LTE network has further expanded to the following Maine communities:

  • Aroostook
  • Benedicta
  • Caribou
  • Hodgdon
  • Houlton
  • Island Falls
  • Mapleton
  • Mars Hill
  • Masardis
  • Portage Lake
  • Presque Isle
  • Smyrna
  • Stockholm

BACKGROUND: Two years after its launch, the Verizon 4G LTE network is available to more than 273 million people across the U.S. – close to 89 percent of the U.S. population. For a full list of 4G LTE markets please visit www.verizonwireless.com/lte.

Verizon Wireless also ranked highest among all other national wireless providers in New England, which includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, in the J.D. Power and Associates 2013 Wireless Network Quality Performance Study(SM), Volume 1, issued March 7. This is the 17th consecutive reporting period that Verizon Wireless ranks highest in the Northeast region.

In 2012, Verizon Wireless completed $256 million in wireless network enhancements across New England, increasing the company’s regional network investment to more than $3.3 billion since its inception in 2000. By mid-2013, the Verizon Wireless 4G LTE network will be available in the vast majority of markets where the company currently offers …read more
Source: FULL ARTICLE at DailyFinance

‘Lost’ Farallon Tectonic Plate Found Beneath California & Mexico, Solving Geology Mystery

By The Huffington Post News Editors

By: Stephanie Pappas, LiveScience Senior Writer
Published: 03/19/2013 07:40 AM EDT on LiveScience

A tectonic plate that disappeared under North America millions of years ago still peeks out in central California and Mexico, new research finds.

The Farallon oceanic plate was once nestled between the Pacific and North American plates, which were converging around 200 million years ago at what would become the San Andreas fault along the Pacific coast. This slow geological movement forced the Farallon plate under North America, a process called subduction.

Much of the Farallon plate got pushed down into the mantle, the gooey molten layer below the Earth’s crust. Off the coast, parts of the plate fragmented, leaving some remnants at the surface, stuck to the Pacific plate.

Now, new research published Monday (March 18) in the journal Proceedings of the National Academy of Sciences, finds that these pieces of Farallon plate are attached to much larger chunks at the surface. In fact, part of the Baja region of Mexico and part of central California near the Sierra Nevada mountains sit upon slabs of Farallon plate.

The finding solves a mystery of California geology. Earth scientists use seismic waves (either recorded from earthquakes or created with dynamic charges or other methods) to map out the region beneath the Earth’s surface. Softer and hotter materials slow seismic waves down. The waves move faster through stiffer, cooler material.

In California, these seismic surveys revealed a large mass of cool, dry material 62 miles to 124 miles (100 to 200 kilometers) below the surface. This strange spot was dubbed the “Isabella anomaly.” [7 Ways the Earth Changes in the Blink of an Eye]

Despite many theories, no one had nailed down exactly what caused the Isabella anomaly. Then researchers discovered another anomaly (where the researchers saw a change in seismic wave speed where one wasn’t expected) under the Baja Peninsula, directly east of some of the known remains of the Farallon plate. The proximity led Brown University geophysicists Donald Forsyth and Yun Wang (now at the University of Alaska) to suspect they might be related.

Near the eastern edge of the anomaly, the researchers found volcanic rock deposits called high-magnesium andesites. These are usually linked to the melting of oceanic crust, suggesting that this is the spot where the Farallon plate broke off and subducted, melting into the mantle.

A re-examination of the Isabella anomaly found that it, too, lined up with known Farallon fragments.

“This work has radically changed our understanding of the make-up of the west coast of North America,” study co-author Brian Savage of the University of Rhode Island said in a statement. “It will cause a thorough rethinking of the geological history of North America and undoubtedly many other continental margins.” 

Follow Stephanie Pappas @sipappas. Follow LiveScience on Twitter @livescience, Facebook or Google+. Original article on LiveScience.com.

Read More…
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Source: FULL ARTICLE at Huffington Post

Fracking, North Dakota and U.S. Economic Explosion

By 24/7 Wall St.

Oil pipeline

Filed under:

If every state in the Union was like North Dakota, the American economy would be growing as fast as China‘s. The state’s numbers were stunning, a promise, perhaps, for states that have new-found shale deposits. It is also a promise for economic prosperity in those states, if government regulators do not stand in the way – which they will.

According to the U.S. Energy Information Administration:

North Dakota crude oil production (including lease condensate) averaged an all-time high of 770,000 barrels per day in December 2012. Total annual production more than doubled between 2010 and 2012 through the use of horizontal drilling and hydraulic fracturing of deposits in the Bakken Formation in the Williston Basin. North Dakota production in 2012 trailed only Texas and the U.S. Federal Offshore region, and the state accounted for 10% of total U.S. crude oil production.

GDP per capita in the state must be off the charts, particularly because the state had the lowest unemployment of any state at 3.3% in January. North Dakota has only 699,628 residents, which places it 48th by that measure among all states. So, by a barrels per person ratio, no other state ever will match that. But that does not mean that shale will not help salvage a bumpy national economy.

Shale mania has triggered all sorts of claims about its potentially transformational power. One study recently release by University of Southern California (USC) showed that California, which had the worst unemployment of any state at 9.8% in January, tied with tiny Rhode Island, could have an unbelievable jump in prosperity if its Monterey Shale fields and smaller ones could be mined. The study forecast that the mining could:

1. Create more jobs. Developing oil from the Monterey Shale could add from 512,000 to 2.8 million new jobs in California, depending upon the year.

2. Stimulate economic growth. Total economic activity in the state, as measured by the state’s gross domestic product (GDP), could increase by 2.6% to 14.3% on a per – person basis.

3. Increase personal income. On a statewide basis, aggregate personal income could grow by an average of from 2.1% to 10.0%

4. Boost government revenue. Tax revenue collected by California state and local governments could grow by $4.5 billion to $24.6 billion.

It is too bad that California is not North Dakota. The state government in the nation’s largest state by population is unlikely to allow hundreds or thousands of fracking sites to be set up from Oregon to Mexico. That is the weakness of the USC forecast. What is acceptable based on North Dakota mining policy likely will be rejected in many other places.

Forecasts about the benefits of fracking take into account the bounty of the practice, but not the effects of regulation and public opinion. The U.S. Energy Information Administration information about North Dakota is correct. The USC forecast is improbable.

feature_p1

Filed under: 24/7 Wall St. Wire, Oil & Gas

Read | <a target=_blank href="http://www.dailyfinance.com/2013/03/19/fracking-north-dakota-and-u-s-economic-explosion/" rel="bookmark" title="Permanent …read more
Source: FULL ARTICLE at DailyFinance

2 more life terms for East Coast rapes

A Connecticut man has received two more life sentences for the 2001 kidnapping and rape of a Leesburg woman that was one of many linked by authorities as being committed by the “East Coast Rapist.”

The life terms imposed Friday by a Loudoun County judge come on top of three life terms imposed March 1 for an attack on three teenagers in 2009 in Prince William County.

Police say Aaron Thomas of New Haven, Conn., was responsible for 17 rapes and sex crimes spanning from 1997 to 2009 in Virginia, Maryland, Connecticut and Rhode Island. He was arrested in 2011 after a multi-state law enforcement effort.

After Friday’s hearing, the victim in the Leesburg case said Thomas appeared to be sorry for himself more than for his crimes.

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Source: FULL ARTICLE at Fox US News

Google Agrees to Pay $7 Million to Settle Street View Wi-Fi Case

By Evan Niu, CFA, The Motley Fool

Filed under:

Search giant Google has agreed to pay $7 million in order to settle claims related to its Google Maps Street View service.

The lawsuit involved 38 different states as well as the District of Columbia and centered on Google collecting data from Wi-Fi networks with its Street View cars between 2008 and 2010. According to a press release today from the office of Massachusetts Attorney General Martha Coakley, Google said it was unaware of the data collection, but acknowledged that some information was gathered.

The company has removed the equipment and software from its Street View cars in order to address the privacy concerns, and said it would not collect any more data without consumer notice and consent, the AG said. Google intends to destroy the information that it collected, and said the data was not used for any commercial purpose.

According to the Massachusetts attorney general, the improperly gathered information may have included URLs of requested Web pages, partial or complete email communications, and confidential or private information being transmitted to or from the network user while the Street View cars were driving down streets.

As part of the agreement, Google will also conduct — for at least a decade — a training program for employees about privacy and confidentiality alongside an advertising campaign intended to increase public awareness of privacy issues.

The states involved were: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, and Washington, and the District of Columbia.

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The article Google Agrees to Pay $7 Million to Settle Street View Wi-Fi Case originally appeared on Fool.com.

Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. 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.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Washington Trust Finances $4.5 Million Acquisition of Blackstone Place in Pawtucket, R.I.

By Business Wirevia The Motley Fool

Filed under:


Washington Trust Finances $4.5 Million Acquisition of Blackstone Place in Pawtucket, R.I.

Current tenants include Rite Aid pharmacy

WESTERLY, R.I.–(BUSINESS WIRE)– Washington Trust‘sCommercial Real Estate Group recently provided $4,500,000 in commercial mortgage financing to Blackstone Place Limited Partnership for the acquisition of Blackstone Place, a 38,000 square foot retail building located at 727 East Avenue, Pawtucket, R.I.The retail space is currently occupied by Rite Aid, Hillside Avenue Family & Community Medicine, and Dunkin Donuts.

“This property is located at the end of Hope Street at the junction of Blackstone Boulevard in the affluent East Side of Providence neighborhood,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. Adding, “It has excellent tenants, including Rite Aid, the third largest drugstore chain in the country.”


Washington Trust‘s
Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Mary Ettinger , Vice President, Commercial Real Estate Group, 401-348-1415 or 1-800-475-2265 ext. 1415.

Founded in 1800, Washington Trust is the largest independent bank headquartered in Rhode Island and the oldest community Bank in the nation. Washington Trust provides commercial banking, small business banking, personal banking, mortgage banking, and wealth management and trust services to individuals and institutions throughout the Northeast. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Washington Trust is an SBA preferred lender. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

KEYWORDS:   United States  North America  Connecticut  Massachusetts  New York  Rhode Island

INDUSTRY KEYWORDS:

The …read more
Source: FULL ARTICLE at DailyFinance

Crocs™ Enters Second Year of Fashion-Forward Blogger Program

By Business Wirevia The Motley Fool

Filed under:

Crocs™ Enters Second Year of Fashion-Forward Blogger Program

CrocStyle Insiders help showcase brand’s array of stylish yet comfortable footwear

NIWOT, Colo.–(BUSINESS WIRE)– Crocs, Inc. (NAS: CROX) today announced the second year of the brand’s style blogger program, which highlights on-trend, yet comfortable, Crocs™ footwear throughout the year. Five well-respected style and fashion bloggers are taking part in the 2013 CrocStyle Insider program to help preview and showcase new Crocs styles.

Each CrocStyle Insider helps share new, fashionable Crocs products with today’s savvy shoppers looking for online style inspiration through monthly reviews on their blogs. They also host interactive online events and style parties throughout the year to further connect with their readers. The following five women have been named 2013 CrocStyle Insiders:

  • Pauline Karwowski is the author behind Classy Chaos, a blog that chronicles her everyday life with three children in Chicago. She started blogging six years ago and since then has built a national audience that follows her throughout her international travels, daily chaos of raising three kids, budget fashion tips for moms, cooking with children and about ordinary things that make life extraordinary. When not blogging, Pauline is a buyer for a Chicago-based retail business that allows her creative side to soar – literally. From India to Poland she travels the globe in search of the next fashion must-have. When at home, she tries to juggle the chaos while maintaining her trademark “classy” look.

  • Audrey McClelland
    , author of Mom Fashion Report , left the fashion world of Donna Karan International to raise her brood of four boys under the age of eight in her home state of Rhode Island. She’s learned that you can take the girl out of the Fashion District, but you can’t take the Fashion District out of the girl. Audrey brings her fashion expertise to Mom Fashion Report, her style and fashion blog within the Mom Generations network. Audrey also brings her mom fashion expertise to BabyCenter.com as a beauty and style writer, SheKnows.com as the MommyStyle contributor and was invited as the Mom Fashion Voice at the People’s Choice Awards with Tim Gunn …read more
    Source: FULL ARTICLE at DailyFinance