Sandy-Hit Stores Seek Small Business Saturday Boost

Nov 24, 2012 3:35pm

                                                                                      (Image Credit: Associated Press)

Superstorm Sandy delivered a one-two punch on small businesses, creating millions of dollars in damage and in turn, delivering a debilitating blow to their revenue.

But on Small Business Saturday, when  shoppers are encouraged to support local businesses,  those mom-and-pop stores are hoping for a rebound.

Donna Scofield and her family have sold toys at their Manhattan shop, called Stationery & Toy World, for the past 25 years. Although the store is located on Manhattan’s Upper West Side, where the storm did little damage, $500,000 of Scofield’s inventory, which she kept in her home and three Staten Island warehouses, was destroyed.

“Some days are easier than others,” she told ABC New York station WABC-TV last week. “We’re taking each day at a time.”

PHOTOS: Superstorm Sandy’s Wide Swath of Destruction

Mayor Michael Bloomberg announced today that more than $45 million in loans, grants and financial assistance would be made available to businesses like Scofield’s that were hurt by the storm.

“Getting New York City small businesses back on their feet is key to helping our economy recover from Sandy,” Bloomberg said in a statement. “The capital provided through this program will help businesses purchase supplies, make repairs, and get back up and running.”

Small Business Saturday, which is going on its third year, is being celebrated nationwide.

Andrea Evans, the owner of Pink Boutique in Phoenix, said stores like hers don’t stand a chance with shoppers on Black Friday.

“Everyone’s up so early, and they’re going more for, you know, appliances and TVs and stuff like that, and I think by the time noon hits, they’re done,” she told ABC News Radio.

Over the past two decades, small and new businesses have created two out of every three net new jobs in the United States, according to the U.S. Small Business Administration.

It is estimated that half of all working Americans either own a small business or are employed by one.

SHOWS: World News

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Patty Murray will be key voice in Senate on budget deal

One of the biggest winners in the sweeping Democratic victories in Senate races this month was a woman whose name appeared on no ballot: Sen. Patty Murray (D-Wash.).

With a low-key style that contrasts with some of the Senate’s camera hogs, Murray may be the most powerful senator a whole lot of people have never heard of outside of the two Washingtons where she lives and works.

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Large explosion reported in Massachusetts city

WASHINGTON: An explosion thought to have been triggered by a gas leak levelled a bar in downtown Springfield, Massachusetts on Friday, moments after dancers were warned to flee, local media reported.

WWLP TV quoted police as saying several people were taken to local hospitals by ambulance after the Friday afternoon explosion, which blew out windows two blocks away and knocked people to the ground.

The building housing the Scores Gentlemen's Club was flattened by the blast, the Republican newspaper said on its website. WWLP said two buildings were destroyed in the explosion.

Dancers at Scores told the newspaper they were warned by a manager to clear out of the building, and were having a drink in a bar across the street when their workplace blew up.

A dancer who identified herself only as Deb said she was on stage dancing when a "house mom" told everyone to evacuate, according to the newspaper.

She said she saw smoke in the upstairs floor of the building as she was gathering her clothes.

At that point, she said, the manager told everyone: "I don't care if you're (expletive) naked or not, get out."

She said there had been a smell of gas all week, and that the gas company had been called in but had found nothing.

- AFP/xq

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Cash transfer: PM to play UPA-2's trump card on Monday

NEW DELHI: The Prime Minister is expected to formally kick off cash transfer of subsidies and entitlements, one of the most ambitious policy initiatives of UPA-2, on Monday. The scheme for cash transfers is visualized as a game-changer for UPA-2, like NREGA was for UPA-1, and is expected to give rich dividends at the elections.

Manmohan Singh is expected to set January 1, 2013 as the launch date for the rollout when he meets his ministerial colleagues on Monday. The plan to transfer cash directly into bank accounts of beneficiaries instead of handing over subsidised foodgrains, fertilizer or fuel is aimed to not only check leakages from the system, but also empower consumers with the choices and ensure big savings for the cash-strapped government.

Compared to NREGA, the size and scale of the cash-transfer programme is several times the rural job guarantee scheme, with the government planning to transfer over Rs 4 lakh crore annually to the public, with each BPL (below poverty line) family getting over Rs 3,000 a month.

Sources said the PM is also planning to address the nation on the scheme in the coming days, explaining the ambitious plan that would be bigger than similar programmes around the world. The government, which accords high importance to the scheme, proposes to appoint a national coordinator to oversee the programme. It will also ensure its rapid scalability.

Singh on Monday will address a meeting of ministers in-charge of subsidies, pension and scholarships and there he will disclose the government intent to formally launch the programme on January 1. The programme would begin by covering 51 districts where the Aadhar card has a high penetration. By April 1 next year, 18 states will be covered.

A senior official said the Planning Commission has identified seven flagship programmes, including pensions and 22 scholarship schemes given by nine central ministries, for cash transfers, excluding those related to subsidies on food, fertilizer and fuel.

Ministries are being asked to digitize their databases of beneficiaries and link them with Aadhar, so that Aadhar-enabled bank accounts and Aadhar-enabled payment systems can function through what's being called the Aadhar Payment Bridge - essentially, a mechanism for giving cash cards to beneficiaries who don't have bank accounts.

According to latest estimates provided by the Department of Financial Services, by March 31, 2012 all banks will migrate to the core banking platform which will facilitate direct cash transfers. The plan is to cover all villages with a population of more than 5,000 with branches, and those with population of more than 2,000 with business correspondents. Seven states have committed to make electronic payments.

Times View

The government clearly believes that cash transfers can be a game-changer. In theory, they would indeed appear to be justified in this view. However, whether the practice lives up to the theory is what will ultimately determine how much of a game-changer this move is and whether the change is for the better or for worse. That is why it is important that the government acts as soon as possible to even out the more obvious glitches to smooth implementation of cash transfers, like a large proportion of the population having neither identification documents nor bank accounts. This is particularly true of the poorest sections, who really ought to be the main beneficiaries of the government's welfare programmes.

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Distant Dwarf Planet Secrets Revealed

Orbiting at the frozen edges of our solar system, the mysterious dwarf planet Makemake is finally coming out of the shadows as astronomers get their best view yet of Pluto's little sibling.

Discovered in 2005, Makemake—pronounced MAH-keh MAH-keh after a Polynesian creation god—is one of five Pluto-like objects that prompted a redefining of the term "planet" and the creation of a new group of dwarf planets in 2006. (Related: "Pluto Not a Planet, Astronomers Rule.")

Just like the slightly larger Pluto, this icy world circles our sun beyond Neptune. Researchers expected Makemake to also have a global atmosphere—but new evidence reveals that isn't the case.

Staring at a Star

An international team of astronomers was able for the first time to probe Makemake's physical characteristics using the European Southern Observatory's three most powerful telescopes in Chile. The researchers observed the change in light given off by a distant star as the dwarf planet passed in front of it. (Learn how scientists found Makemake.)

"These events are extremely difficult to predict and observe, but they are the only means of obtaining accurate knowledge of important properties of dwarf planets," said Jose Luis Ortiz, lead author of this new study and an astronomer at the Instituto de Astrofisica de Andalucia, in Spain.

It's like trying to study a coin from a distance of 30 miles (48 kilometers) or more, Ortiz added.

Ortiz and his team knew Makemake didn't have an atmosphere when light from the background star abruptly dimmed and brightened as the chilly world drifted across its face.

"The light went off very abruptly from all the sites we observed the event so this means this world cannot have a substantial and global atmosphere like that of its sibling Pluto," Ortiz said.

If Makemake had an atmosphere, light from the star would gradually decrease and increase as the dwarf planet passed in front.

Coming Into Focus

The team's new observations add much more detail to our view of Makemake—not only limiting the possibility of an atmosphere but also determining the planet's size and surface more accurately.

"We think Makemake is a sphere flattened slightly at both poles and mostly covered with very white ices—mainly of methane," said Ortiz.

"But there are also indications for some organic material at least at some places; this material is usually very red and we think in a small percentage of the surface, the terrain is quite dark," he added.

Why Makemake lacks a global atmosphere remains a big mystery, but Ortiz does have a theory. Pluto is covered in nitrogen ice. When the sun heats this volatile material, it turns straight into a gas, creating Pluto's atmosphere.

Makemake lacks nitrogen ice on its surface, so there is nothing for the sun to heat into a gas to provide an atmosphere.

The dwarf planet has less mass, and a weaker gravitational field, than Pluto, said Ortiz. This means that over eons of time, Makemake may not have been able to hang on to its nitrogen.

Methane ice will also transform into a gas when heated. But since the dwarf planet is nearly at its furthest distance from the sun, Ortiz believes that Makemake's surface methane is still frozen. (Learn about orbital planes.)

And even if the methane were to transform into a gas, any resulting atmosphere would cover, at most, only ten percent of the planet, said Ortiz.

The new results are detailed today in the journal Nature.

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Black Friday: Bargains, Brawls and Gunfire

Two people were shot outside a Walmart in Florida today, one of a rash of fights, robberies and other incidents that have cropped up on one of the most ballyhooed shopping days of the year.

The shooting took place at a Walmart in Tallahassee about 12:30 p.m., said Dave Northway, public information officer for the Tallahassee Police Department.

Investigators believe a scuffle over a parking space outside the store escalated into gunplay leaving two people shot.

The two victims, whose names and genders have not been released, were taken to a hospital with what are believed to be non-life threatening injuries.

Police are looking for a dark green Toyota Camry in connection with this case.

At a Walmart parking lot on Thanksgiving night in Covington, Wash., two people were run down by a driver police suspected of being intoxicated.

The 71-year-old driver was arrested on a vehicular assault charge after the incident, spokeswoman Sgt. Cindi West of the Kings County Sheriff's Office said.

The female victim, whose identity has yet to be released, was pinned beneath the driver's Mercury SUV until being rescued by the fire department. She was flown to Harborview Medical Center, where she was listed in serious condition, West said.

The male victim was also taken to Harborview Medical Center, where, West said, he was listed in good condition.

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Tensions were high at the entrances as people lined up outside stores, waiting for the doors to open.

At a San Antonio, Texas, Sears, one man argued with customers and even punched one in order to get to the front of the line, prompting a man with a concealed carry permit to pull a gun, said Matthew Porter, public information officer of the San Antonio Police Department.

"It was a little chaotic. People were exiting the store," Porter said. "Fortunately for us, officers responded quickly and were able to ease the commotion."

The man who allegedly caused the altercation fled the scene and remains at large, Porter said. The shopper who pulled the gun will not face charges, he said, because of his concealed carry permit.

One man was treated at the scene for injuries sustained when people rushed out of the store, Porter said.

PHOTOS: Black Friday Shoppers Hit Stores

The crush of shoppers in the middle of the night were prey once again this year for thieves, who hid out in parking lots.

In Myrtle Beach, S.C., a woman said a man pulled a gun on her just as she exited her car to go inside a Best Buy store. The thief made off with $200, according to a police report.

In Maryland, 14-year-old boy told police he was robbed of his Thanksgiving night purchases by five men in the parking lot of a Bed Bath and Beyond store early this morning, the Baltimore Sun reported.

And in Massachusetts, Kmart employees tried to locate a shopper over the intercom after a 2-year-old was reported to be alone in a car, ABC News affiliate WCVB-TV reported.

Police arrived to break into the car and remove the child. The boy's caretaker, his mother's boyfriend, denied the incident took place, according to the station, and was not arrested.

ABC News' Candace Smith contributed to this report

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Polls offer little guidance for politicians tackling ‘fiscal cliff’

Politicians tasked with negotiating a deal next month to avoid the “fiscal cliff” can be thankful that their talks are taking place immediately after a clarifying national election that laid out exactly how the public wants Washington to deal with debt and deficits.

Or not.

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Japanese police rescue bank hostages

TOKYO: Japanese police rescued four hostages from a bank on Friday and arrested the knife-wielding man who had held them captive for more than 12 hours while demanding the prime minister resign, officials said.

In a televised news conference, a police spokesman said the hostage-taker, identified as Koji Nagakubo, was arrested on suspicion of taking a total of five people captive, including one person whom he had released earlier.

All the hostages were safe and in protective custody following the pre-dawn police raid, the spokesman said, though local media reported one of them -- a 19-year-old female bank employee -- was slightly injured.

The 32-year-old man began the siege on Thursday afternoon at the Zoshi branch of the Toyokawa Shinkin Bank in the otherwise quiet residential area of Toyokawa city in central Aichi prefecture.

Wielding a survival knife, he took four employees and a female customer captive and demanded the cabinet of Prime Minister Yoshihiko Noda step down, local media said. Noda last week called an election for December 16, which he is expected to lose.

In initial questioning by police, the suspect admitted the allegations but had yet to give details about his motive, public broadcaster NHK reported.

About 13 hours after the incident began, police wearing protective gear and carrying shields rushed the office before dawn, overpowered the man and escorted out the remaining four hostages.

"It was difficult to check inside, but we took action placing top priority on the safety of the hostages," an investigator told NHK. "We believe we took the best possible way."

Television footage showed a dozen police breaking the window on the second floor before moving to the ground floor, where the man pointed his knife at the hostages.

The man, who also held another knife, handcuffed at least one of the hostages, NHK said, adding that all police involved in the rescue operation were also unhurt.

"I was so relieved because no one was (seriously) injured," one neighbour told Tokyo Broadcasting System Television.

Television footage earlier showed a man who appeared to be a police officer carrying a megaphone and a plastic bag to a side door of the building guarded by police. The building's shutters were down but lights could be seen inside.

Shortly before the incident, a man police believe was the hostage-taker had attempted to break in another bank just 150 metres (yards) away from the site, NHK reported.

- AFP/xq

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Congress withdraws second list of candidates in Gujarat after protests

NEW DELHI: Resentment in Congress ranks over ticket distribution for Gujarat elections broke out in the open, forcing the party to withdraw its second list of 46 candidates released late on Wednesday night.

The anger in Congress was evident when party MPs engaged heir apparent Rahul Gandhi in animated discussion in Parliament in the presence of the head of the screening committee and Union minister C P Joshi.

The discontent was evident with a Union minister from the state saying early in the day that the party had put the list on hold. The decision was announced only in the evening. He said the names of candidates may undergo serious changes after the protests.

Congress is locked in a lopsided battle with BJP headed by Narendra Modi in Gujarat and protests over nominations do no augur well for the party. Even the first list of 52 candidates led to protests and resignations in Ahmedabad.

Congress leaders conceded that the party had failed to build momentum despite favourable factors like rebellion by BJP veteran Keshubhai Patel. The selection of candidates was said to have been the final weapon to rally opinion in its favour but the initial reaction has disappointed the party.

An agitated Congress MP threatened to walk out of the party and even "expose" senior leaders for doing the bidding of an industrial house by "planting" candidates.

He said the partnership with NCP was being used to settle scores with in-house aspirants. NCP general secretary D P Tripathi said the junior partner was allocated nine of the 182 seats in the state.

Read More..

Distant Dwarf Planet Secrets Revealed

Orbiting at the frozen edges of our solar system, the mysterious dwarf planet Makemake is finally coming out of the shadows as astronomers get their best view yet of Pluto's little sibling.

Discovered in 2005, Makemake—pronounced MAH-keh MAH-keh after a Polynesian creation god—is one of five Pluto-like objects that prompted a redefining of the term "planet" and the creation of a new group of dwarf planets in 2006. (Related: "Pluto Not a Planet, Astronomers Rule.")

Just like the slightly larger Pluto, this icy world circles our sun beyond Neptune. Researchers expected Makemake to also have a global atmosphere—but new evidence reveals that isn't the case.

Staring at a Star

An international team of astronomers was able for the first time to probe Makemake's physical characteristics using the European Southern Observatory's three most powerful telescopes in Chile. The researchers observed the change in light given off by a distant star as the dwarf planet passed in front of it. (Learn how scientists found Makemake.)

"These events are extremely difficult to predict and observe, but they are the only means of obtaining accurate knowledge of important properties of dwarf planets," said Jose Luis Ortiz, lead author of this new study and an astronomer at the Instituto de Astrofisica de Andalucia, in Spain.

It's like trying to study a coin from a distance of 30 miles (48 kilometers) or more, Ortiz added.

Ortiz and his team knew Makemake didn't have an atmosphere when light from the background star abruptly dimmed and brightened as the chilly world drifted across its face.

"The light went off very abruptly from all the sites we observed the event so this means this world cannot have a substantial and global atmosphere like that of its sibling Pluto," Ortiz said.

If Makemake had an atmosphere, light from the star would gradually decrease and increase as the dwarf planet passed in front.

Coming Into Focus

The team's new observations add much more detail to our view of Makemake—not only limiting the possibility of an atmosphere but also determining the planet's size and surface more accurately.

"We think Makemake is a sphere flattened slightly at both poles and mostly covered with very white ices—mainly of methane," said Ortiz.

"But there are also indications for some organic material at least at some places; this material is usually very red and we think in a small percentage of the surface, the terrain is quite dark," he added.

Why Makemake lacks a global atmosphere remains a big mystery, but Ortiz does have a theory. Pluto is covered in nitrogen ice. When the sun heats this volatile material, it turns straight into a gas, creating Pluto's atmosphere.

Makemake lacks nitrogen ice on its surface, so there is nothing for the sun to heat into a gas to provide an atmosphere.

The dwarf planet has less mass, and a weaker gravitational field, than Pluto, said Ortiz. This means that over eons of time, Makemake may not have been able to hang on to its nitrogen.

Methane ice will also transform into a gas when heated. But since the dwarf planet is nearly at its furthest distance from the sun, Ortiz believes that Makemake's surface methane is still frozen. (Learn about orbital planes.)

And even if the methane were to transform into a gas, any resulting atmosphere would cover, at most, only ten percent of the planet, said Ortiz.

The new results are detailed today in the journal Nature.

Read More..