Archive for March, 2012

Arizona Democrats, moderates block state birth-control bill

by Alia Beard Rau and Yvonne Wingett Sanchez - Mar. 28, 2012 11:09 PM The Republic | azcentral.com

A fissure between moderates and conservatives within Arizona's Republican party has become more obvious at the state Legislature.

On Wednesday, the political split led to the downfall of a controversial bill to allow employers and insurance companies to opt out of covering contraception for religious reasons. The divide also is the reason bills to allow guns on college campuses and require schools to check students' citizenship status failed to gain traction this session.

But while the death of the contraception bill has Democratic lawmakers celebrating, experts say it's not likely a sign that one of the nation's most conservative legislatures has suddenly had a change of political heart -- lawmakers have still introduced bills promoting conservative causes. And at the Arizona Legislature, nothing is ever really dead until the session ends, probably sometime in mid-April, so the contraception bill is likely to resurface later.

On Wednesday, the Senate voted 17-13 against House Bill 2625, with seven of the Legislature's more moderate Republicans joining all nine Democrats to oppose it.

Sen. Nancy Barto, R-Phoenix, was the eighth Republican no vote, but only after changing her vote in a procedural move to allow her to ask for a revote, possibly as early as today. Legislative rules allow only a member of the prevailing side to request a revote.

The bill, pushed by the Arizona Catholic Conference, the lobbying arm of the state's bishops, and the Center for Arizona Policy, a conservative religious-rights advocacy group, has been in the national spotlight. It has drawn considerable opposition from some women's groups who claim it would reduce access to birth control.

And earlier this month Gov. Jan Brewer indicated she had concerns about some aspects of it.

But not even an amendment to clear up some of the confusion and controversy surrounding the bill could save it. The bill would have required employers to cover any contraception prescribed for reasons other than to prevent pregnancy or cause an abortion. The amended version clarifies that women could seek reimbursement from their insurance company for birth control used for reasons other than contraception. There was some concern the bill would have required women to seek reimbursement from their employer.

Barto and bill sponsor Rep. Debbie Lesko, R-Glendale, were surprised the bill got voted down because they said they thought they had enough votes to pass it.

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Arizona Democrats, moderates block state birth-control bill

VLARCH Day 27 – Ethan's Adventures – AirSoft! War Inc! RatedRR! Corridor Digital! Bruek! MORE! – Video

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VLARCH Day 27 - Ethan's Adventures - AirSoft! War Inc! RatedRR! Corridor Digital! Bruek! MORE! - Video

Matomy Media Group – Game Changing Results in Global Digital Advertising – Video

28-03-2012 10:00 Matomy Media Group company presentation. For more information http://www.matomy.com https

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Matomy Media Group - Game Changing Results in Global Digital Advertising - Video

Digital Underground on the Ask Diamond Show – Video

28-03-2012 11:55 At Cherry Blossom Festival 2012 I go backstage to interview Digital Underground which was phenomenal. RIP Tupac. Stay tuned to the Ask Diamond Show..I'll Hollaaa!!!!

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Digital Underground on the Ask Diamond Show - Video

Hedge fund Laxey urges dividend hike at Alliance Trust

By Tommy Wilkes

LONDON (Reuters) - Laxey Partners is calling on Alliance Trust to raise its dividend, the latest move by the Isle of Man-based hedge fund to try to shake up performance at one of Britain's largest investment trusts.

In a letter addressed to the trust's chairman Lesley Knox, Laxey said Alliance will be in a position to pay larger dividends when new tax rules come into force allowing some investment trusts to pay realized capital gains as dividends for the first time.

Laxey, which has waged a campaign dating back to 2010 to try and force Alliance to boost shareholder value, is upping its pressure on the trust to improve performance ahead of its annual general meeting next month.

Earlier this month, it put forward a resolution to fellow shareholders demanding the trust consider outsourcing management of its 2.9 billion pound portfolio of assets, and criticizing the performance of Alliance as "completely unacceptable."

Alliance Trust said on Thursday in response it had already hiked its dividend by 7 percent last year, the largest annual rise in two decades. Laxey also gave an example of how Alliance could increase its dividend by paying out all 2011 earnings per share and realized capital gains as a dividend.

"The example given by Laxey makes Greek finances look prudent," a spokesperson for the trust said.

Last year Alliance defeated a controversial shareholder resolution pushed by Laxey to set up an automatic buyback policy, which would have been triggered when a discount of its shares to net asset value fell below 10 percent.

A discount to net asset value occurs when the market places a lower value on a company - measured by its share price - than the value of its component assets. This is often because investors believe those assets are poorly managed or illiquid, and so their full value is not reflected in the shares.

Many investment trusts trade at such a discount, but few as wide as Alliance.

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Hedge fund Laxey urges dividend hike at Alliance Trust