Category: Business Written by Hearld Tribune
Yahoo’s board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday.
The deal, sealed at a meeting of Yahoo’s board, is expected to be announced as soon as Monday, said the person, who was not authorized to speak ahead of the announcement.
The acquisition is the biggest yet under Yahoo’s chief executive, Marissa Mayer, as she attempts to reinvent the once-embattled Web pioneer’s fortunes. Under her, the company is seeking to make up for years of missing out on the growing use of social networks and mobile devices. For Full Story Click Here.
Last Updated on Monday, 20 May 2013 08:02
Category: Business - Original Written by Teia B. Harris
The name Voo Vodka was derived from the word déjà vu and with one sip of this fine ultra premium vodka, a flashback of all the great times in life should occur and most importantly create new ones. “Voo Vodka was created with a connoisseur in mind,” says founder DeCarlos Stewart.Voo Ultra Premium Vodka is one of the only vodkas that's distilled eight times from grain which ultimately creates a smooth texture and sweet flavor. The other leading premium vodkas on the market is distilled five times and is usually imported from other countries while Voo Vodka is distilled in the United States at a family owned distillery in Michigan.
During the initial launch Voo Vodka will be available for purchase across Nevada and Michigan but will be expanding to Illinois, Florida, California, New York, and Georgia in the next couple months. The first bottle is offered in 750 ml and comes with a Voo Life VIP card which will gain people living the “Voo Life” V.I.P. Access, special discounts, entry access and more to Voo Vodkaevents and participating establishments.
During the initial launch Voo Vodka will be launching a guerilla style promotional campaign filled with models, billboards, car wraps and more as well as donating a portion of the proceeds to help bring technology to disadvantage children. Please visit: drinkvoo.com for more information.
Last Updated on Friday, 17 May 2013 00:10
Category: Business Written by Judy Putnam, Michigan League for Public Policy
Michigan workers were hit hard by the Great Recession but the state’s African American workers continue to suffer a far higher unemployment rate, a new Economic Policy Institute Issue Brief finds, with Michigan’s black unemployment rate the highest among the 24 states where it can be measured.
In Ongoing Joblessness in Michigan: Unemployment rate for African Americans tops in nation, more than double the state’s white rate, EPI researchers Douglas Hall and Mary Gable find that the African American unemployment rate in Michigan reached 18.7 percent—nearly one in five of the state’s black workers—in the fourth quarter of 2012, about two-and-a-half times that of the white unemployment rate of 7.5 percent.
The black unemployment rate in Michigan was 4.7 percentage points higher than the national black unemployment rate of 14 percent and ranked highest among the 24 states with large enough black populations to measure unemployment. Michigan’s white unemployment rate was ninth highest in the nation.
“This is an alarming trend that highlights the growing inequity in our state,’’ said Michigan League for Public Policy President & CEO Gilda Z. Jacobs. “For Michigan to recover from the very long recession we’ve suffered, we need an economy that works for all. Policymakers must address this tremendous disparity.’’
Black unemployment is concentrated in urban areas with very high unemployment rates and few job opportunities. In such a job environment, it is difficult to find work. In 2012, 46.5% of unemployed black workers were unemployed for more than 26 weeks—much higher than the share of white unemployed workers (41.6%) who are long-term unemployed. In 2011, the Michigan Legislature cut the weeks of available Unemployment Insurance from 26 weeks to 20 weeks, causing hardship for many unemployed black workers as they continue to look for work.
“Until our state recovers, the Michigan Legislature needs to restore the traditional period of unemployment benefits back to 26 weeks,’’ Jacobs said.
Another reason for Michigan’s high black unemployment rate is that in the Detroit area many of the available jobs are in suburbs that are inaccessible by public transportation to Detroit residents. Michigan needs to continue to develop a regional public transportation system in Southeast Michigan that can help connect workers with jobs.
The report also finds that Michigan’s white workers suffered during the recession with nearly three straight years (from the first quarter of 2009 through the third quarter of 2011) on unemployment at 9 percent or higher. Only Nevada had a longer stretch of white unemployment over 9 percent.
The report concludes that Michigan’s recovery, spurred by the successful bailout of the auto industry, has been impressive, yet one in five black workers remain unemployed.
“Michigan’s economy has been down a rough road for everybody,’’ said Doug Hall, the report’s coauthor, “but what this study shows is that far more black workers have been left on the side of the highway.’’
Last Updated on Thursday, 16 May 2013 23:28
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