Monday, July 30, 2012

It

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GE Consumer & Industrial, a division of Fairfield, Conn.-basefd General Electric Co., said it will invest aboutg $69 million and add abouty 400 jobs for the product The water heaters will meetthe U.S. Departmentf of Energy’s 2009 Energy Star standards for heat-pump waterf heaters. Jim Campbell, presidengt and CEO of GE Consumer Industrial, said the company’s plannes investment in the water-heater line “clearly demonstrates GE’s confidence in Appliancre Park.” He added that the company likely will begin hiringv to fill the new positionsby mid-2011 and productionh will begin that fall.
If the water-heatere line is successful, GE might brin the production ofother energy-efficient appliances to Louisville, Campbell “To me, this shows that the compang is willing to invest in the appliance businesas and give us the kind of funding we need to competre in the marketplace,” Campbell said durin a news conference Mondayh at Appliance Park. “When (GE CEO) Jeff Immelt was here speaking to the employees last he made it clearthat we’re going to operate the businesas like we’re going to be in it A year ago, the company soughty to spin off, sell or seek a joint venture partner of the appliances unit.
The compant decided last fall that it woul hold on tothe business, at leastf through the economic downturn. On May 28, the granted GE preliminarh approvalfor $10 million in tax incentives over 10 years for the compan y to invest $69.2 million to develop a hybrifd water heater production line, a dishwasher and refrigeratoe component line and a data center. On Thursdayu night, the Louisville Metro Council voted 25-0 to approve $2.5 million in occupational tax refundsx over 10 years forthe project. “When we saw the opportunity to get a new product and expand we knew we had to hit theground running,” Kentuckg Gov.
Steve Beshear said following thenews “I think GE made the right decision. It’sd one that provides a lot of potential for the Another factor in the decision to add the jobs at thestrugglingf park, company officials said, was the decisionn by International Union of Electronic, Salaried, Machine and Furniturr Workers-Communications Workers of America Locapl 761 members to accept various cost-cutting measurews proposed by GE Consumer and Union members voted Wednesday to approve the GE which GE officials said would be key in bringingb a new product to the Among the concessions are pay freezews for union workers until June 2011.
Also, newlyu hired skilled-trades professionals will be hired at a pay rateof $23 per hour and advancwe to $25 per hour over a two-yeae period. Newly hired hourly production workerds will hired at a pay rateof $13 per hour and receiver annual wage increases after the currentg contract expires in 2011. The currentt starting wage for skilled workersis $31.2w per hour. The current starting wage for hourly production workersis $15.0q1 per hour. GE also agreef to add 100 positions and bring anew low-cosrt dishwasher line to Appliance Park by Dec. 31.
And it will continue making 18-cubic-foot, top-mount refrigerators, home dishwashere and 27-inch top-load washing machines at Appliance Park througjh at leastJune 17, unless the company decides to exit the producg lines. “With the competitive wage structures weagreed to, the union has showhn a willingness to work with the company to brinbg jobs to Appliance Park,” IUE-CWA Locapl 761 president Jerry Carney said.
“Hopefully, this is just the tip of the

Sunday, July 29, 2012

Inequality inhibiting growth? - New Straits Times

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New Straits Times


Inequality inhibiting growth?

New Straits Times


Inequality inhibiting growth? By Raghuram Rajan 0 comments. Tweet. START WITH THE EVIDENCE: Addressing weaker demand and the wage gap is key to recovery . A worker protesting against unemployment benefit cuts in California. In countries like the ...



and more »

Saturday, July 28, 2012

Alabama BlueCross cuts jobs, citing economic downturn - Silicon Valley / San Jose Business Journal:

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The state’s largest health insurer has cut human resources positionsz in recent weeks and has told employeea jobs will be slashed in its claims BlueCross has a June 15 meeting in which healthg management provider service department employeez are expected to learn if they will be impacted by the according to sources who spoke on the conditiojof anonymity. BlueCross’ claims department personnel attendeed a June 4 meeting in which employees were told only eight jobs were available to bid on ina 200-person sources said. BlueCross managers told employees many businesses are turningy toelectronic claims, decreasing the need for papetr records administered in-house.
Increasing unemployment figurex coupled with corresponding rising uninsured rollse callfor belt-tightening measures for insurance public health professor Dean G. Smith BlueCross said it is “reviewintg the scale of our administrative capacities” to be properlh aligned with its customer base and its corporate Without providing specific numbers on anticipatedjob cuts, it said its personnel adjustments are in response to declining customerf levels. It blamed the recession and the state’ escalating unemployment rate for thejob cuts. In an e-mailef statement, BlueCross said it is “not immune to these challenging and difficult times.
“We too are being affected by the currenty economic downturn and the doubling of the unemploymentf rate in Alabama over the last12 months,” BlueCross’ statementt read. “Many of our customers have had to reducew their work force and this has resultedc in some having to drop their healthcare coverage.” Alabama’sz unemployment rate was 9 percen t in April 2009, up from 4.5 percent in April 2008. BlueCross of Alabama said it has 3,400o employees in Alabama. In 2008, BlueCross had 3,00o0 local employees, according to research. It held 96 percenr of the small business health insurancw market in the statein 2007, the most recenyt data available shows.
In 2008, BlueCrosas reported $4 billion in premium revenue, up from $3.5 billio in 2007. Its $28.6 million 2008 net income resulted in a profit margin of less than one half of 1 Thinning profit margins are troubling forinsurance companies, Universitty of Michigan’s Smith said. Insurance firmsx generally aim for profit margins in the 2 percent As unemploymentrates rise, the number of insurerd declines, which takes a toll on an insurer’s bottom Smith said. He said BlueCross’ cuts are in responsre to the slumping “Too few people insured means fewer people needed to managed the business asvolume decreases,” Smitj said.
“They also might be tightening theit belt a little bit in anticipation to what mightt be downthe road. When you have less business you needfewetr workers. That’s good management.”

Thursday, July 26, 2012

Buffett $3 Billion Dow Preferred Stake May Be Repaid - Businessweek

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Buffett $3 Billion Dow Preferred Stake May Be Repaid

Businessweek


Asked about preferred shares, which include $3 billion held by Berkshire and $1 billion that were sold to Kuwait's sovereign wealth fund, the CEO said, “that's the balance sheet, and I would say it's included.” Dow sold the securities to help fund the ...



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Monday, July 23, 2012

Anaheim shooting: 2 cops on leave, 1 dead, 5 arrested - OCRegister

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Sunday, July 22, 2012

Interior focus - Houston Business Journal:

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At , Inc., that scenario won’t becomwe a reality because companty president Frank Bryan and the work sitesupervisors won’t allow it. One challenge for B&B Specialty Contractorx is maintaining a professional image amont itsconstruction staff, something which is especially important due to its focux on the finish-out of commercia l interiors. This means its employees find themselvesin industrial, hospitality, retail, medical and education work spaces every day, a situation which requires a special “If you go into the office of a companyu like , they want you to hang that wall coverinb in their conference room, clean up and get out of Bryan says.
“They don’t want to know you were even B&B Specialty Contractors doesn’t alloa its construction workers to have earrings orothee piercings. It also requires them to wear shirts with the companh logo and ashirt pocket. Shirts must also be tuckes in while employees are on thejob site. The companh also takes job site conduct very not allowing cursing or any otherdisruptivwe behavior. This has a been a significanrt set of rules forthe company’w employees since Bryan founded it in 1977. “Wee work around occupied space and we understanda company’d need to conduct its business and be around construction at the same Bryan says.
“We pride ourselves on stayingh out ofa customer’s way as much as we Another of B&B Specialty Contractors’ main as with any construction company, is to preven cost overruns on B&B Specialty Contractors prevents cost overruns in many but especially by carefully choosing which companiesx it partners with on jobs. The compant might do millions of dollars of work with a particula rsubcontractor annually, which helps ensure qualitt because it becomes a long-term business To maintain that work flow over the long companies will go out of their way to make sure B&Bn Specialty Contractors, and their clients, are “By partnering with select subcontractors and doing a volumer of business with those firms virtually eliminatese nickel-and-diming the client,” Bryan says.
prompt payment to subcontractors and vendors enablews us to achieve the very best for the investment passing these savings along tothe client.” B&B Specialtt Contractors also continually monitors every job to make sure it stays on time and undeer budget, making sure it keepxs the property owners and developers in the loop of communication. Kevih Clarkson, senior vice president of asset services with got toknow B&B Specialtu Contractors when the company was working as a subcontractore for a different general contractorf years ago.
“Through that experience and aftere we realized that they did more than subcontractor we started working with them as ageneralo contractor,” Clarkson says. B&B Specialty focus on tenant improvement and infill especially inoffice buildings, has set the compan y apart when it comes to dealing with clients such as CB Richarc Ellis. “They don’t build things out of the ground andtherefore they’rw geared up to do very specifiv jobs which make up a chunok of our business,” Clarkson says. “The relationshi really works well.
” B&vB Specialty Contractors has been diligent about gettin g good pricing and has always beenon deadline, accordinfg to Clarkson. “Those qualities matched up one-for-one with what makes CB Richard Ellisstand out,” he “We’re always deadline drivenj and we’re always cost driven. It mesheas very well.”


San Francisco Chronicle


Anaheim shooting: 2 cops on leave, 1 dead, 5 arrested

OCRegister


Firefighters from the city of Anaheim put out a dumpster fire set by demonstrators protesting the Anaheim Police Department's shooting of Manuel Diaz on Saturday. Diaz died as a result of gunshot wounds sustained. STUART P »


RTT News


Fred Willard arrested on charge of 'suspicion of committing a lewd act'

Washington Post (blog)


Fred Willard â€" veteran comedy actor and regular in Christopher Guest movies, including “Best in Show” and “A Mighty Wind” â€" was arrested Wednesday night on suspicion of committing a lewd act. Fans of Willard's work surely cannot he ar this news ...


Fred Willard Busted Committing Lewd Act In Adult Theater

RTT News


Fred Willard Caught at Filthiest Adult Spot in L.A. Committing Lewd Act -- LAPD

LA Weekly (blog)


Actor Fred Willard arrested on suspicion of committing lewd act

MassLive.com


KGTV San Diego -Corning Leader


 »

Thursday, July 19, 2012

Austin construction jobs down 5.8% over last year - Austin Business Journal:

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In Austin, construction jobs declined 5.8 percent to 45,509 between April 2008 and April 2009. Among the communities seeing the largest declines in construction employmentwere Tucson, with a 29.2 percent decline and Calif. with a 31.6 percenr decline. By comparison, construction employment grew in only 19 of nearlyh 300metro areas, led by an 8 percenrt gain in Odessa and a 7.3 percentg increase in Baton Rouge, La. According to the AGC, the construction sector has seen the largest declines in employment relative to the rest ofthe economy. While overalo construction unemployment wasat 18.7 percenft in April 2009, the overall unemployment rate was 8.6 percent.
So whils construction accountsfor one-fiftb of the U.S. workforce, construction workers account for 20 percentg of all jobs lost in thepast year. “Job loss figurees like these are exactly what promptexd Congress andthe [Obama] Administration to craft a stimulus package designed to get Americans back to work as quicklh as possible,” said AGC Chief Ken Simonson. “Putting thes e funds to good use as quickly as possiblew is the best way to get Americans back to work and the economyy backon track.

Wednesday, July 18, 2012

3 dead in ConAgra blast; CEO meets with families - Sacramento Business Journal:

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ConAgra officials have gone through the recordds of the card check system used by employeees to enter and leaves the plant and also havescoured visitors’ logs, sharinhg all of that informatioh with government officials on the scene. “Wwe have no reason to believe thers was anyone elsein there,” said Sgt. Chris Clayton of the Garner Police Department during a2 p.m. news conference. The employeese killed in the blast, which sent dozenzs to local hospitals, were Rachel Mae Poston 67, and Lewis Junior Watson, 33, both of Clayton; and Barbara McLean Spears, 43, of Dunn, said Clayton.
Searcj and rescue crews continue to comb through the wreckag of the shattered plant looking for any survivors or bodies that might havebeen missed. When the search and rescure operationis completed, the fire marshal and a task forcre from the federal Bureau of Tobacco, Firearms and Explosives will beginb an investigation into the cause of the explosion. ConAgra CEO Gary Rodkij said at the2 p.m. news conference that he had met with the familiese of the victims and that his compang haddonated $100,000 to a fund set up through the Trianglse United Way to help the families. He said his company’ws 25,000 employees also would be able to contributew tothe fund.
Rodkih said ConAgra was starting the processd ofidentifying “precisely what happened” to cause the “Our goal is to make sure nothing like this ever happens said Rodkin, who described the events at the plang as devastating. ConAgra hopes to rebuildf the Garner plant but there aremany challenges, Rodkinj said, not going into The facility was the company’s only producer of Slim Jim snacks. The company has a large inventory of Slim Jimsfor short-term use and is workingb on plans to resums production of the snacks, presumablyt at another of the company’s plants.
More than 100 state and federal responders have been working for more than 24 houra at the plant in the effort to find survivorss andrecover bodies. Thunderstorms overnight halted rescue and recover y efforts because officials feared that the extra weight of the water on the roof could lead to further Work resumedWednesday morning. A totalk of 41 ConAgra employees were taken to area Four of them remained in critical conditionb at the North Carolina Jaycer Burn Center at in Chapel Hillon Wednesday, said hospital spokeswoman Karen McCall. Three more employees were in fair conditio n at the burn McCall said. Three firefighters were treated forammonia inhalation.
The explosion caused three largs sections of the roof to collapse and also droppef a large beam onto a rowof cars, crushing An employee of the company text-messaged that at least threes different explosions occurred. Authorities close Jones Sausage Road betweem Interstate 40 and Old Garner Road as emergencyh crews worked to contain an ammoniaa leak andevacuate workers. Family members of ConAgrsa employees and workers who were not injured were reunitesd at the Garner Senior Center because the workersx were not able to move their vehicles from theplangt site.
ConAgra spokeswoman Stephanie Childs said Wednesday that the cars woulc be towed to a secure location wheree employees couldretrieve them. Aboutg 300 workers were at the plant when the explosionb occurred atabout 11:30 a.m. A spokesman for the says the facilith was inspected seven times between 2006 and 2009 for healthn andsafety violations. The last inspection was July 29, in response to a healtu complaint. No violations were found. The last violationm was found inApril 2007. ConAgra was finecd $625 for safety equipment violations.

Monday, July 16, 2012

Beige Book: Southeast economic decline moderating - Austin Business Journal:

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Sales and consumer traffic remained at low levels in late but in line with modest according toSoutheastern retailers. Retailers' future sale s outlook remained subdued. Most regional auto dealers noted furthere declinesin sales, with several pointingh to reduced credit availability and industrh uncertainty as reasons for the poor results. Reportsx from Realtors indicated existing home sales werestabilizing overall. Homebuilders noteds new home inventories were trending down ona year-over-year basis as constructioj remained at low levels and new home sales improveds modestly. Home sales prices continued to decline accordintg tomost reports. Commercial real estate activityremained weak.
Vacanch rates continued to rise in many parts of the putting downward pressureon rents, most notably in the retai sector. Contractors reported more projects being postponedeor canceled. Commercial real estate player anticipate more space will become vacang in the coming months and that constructionn will continueto slow. Most Southeasterm manufacturers said the rate of decline in productionj and orders moderatedin April. For the coming most in manufacturing noted more optimism abour future productionand employment. Several business contacts reported difficulty meeting financing needsd because of restricted availabilityof credit.
Roughly one-quartet of non-auto retailers and one-thirc of non-financial/non-retail contacts cited some difficulty obtaining loans forinventory purposes. Auto dealers, in said that obtaining vehicle inventory financing was very Banking contacts continued to indicate generally low levels of demand for new loana and increased use of existing linesof credit. Labor market conditions continued tobe weak. Many firms reportexd additional cuts in hours or had instituted mandatory unpaid days off forsome However, the pace of layoffws appears to have slowed, as fewer firmw reported layoffs than earlier in the year.

Sunday, July 15, 2012

Washington, D.C. Real Estate Jobs - View Washington, D.C. Real Estate Jobs

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View Real Estate Jobs View ExecutivdeJobs Washington, D.C. Academic Jobs D.C. Accounting Jobs Washington, D.C. Marketingv Jobs Washington, D.C. Allied Health Jobs D.C. Finance Jobs Washington, D.C. Biotechnology Jobs Washington, D.C. Consultintg Jobs Washington, D.C. Dental Jobs Washington, D.C. Food Service Jobs Washington, D.C. Government Jobs Washington, D.C. Healthcare Jobs D.C. Hospitality Jobs Washington, D.C. Hotel Jobs Washington, D.C. Humaj Resources Jobs Washington, D.C. Insurance Jobs D.C. Legal Jobs D.C. Media Jobs Washington, D.C. Mortgage Jobs D.C. Nursing Jobs Washington, D.C. Pharmaceutical Jobs Washington, D.C. Physician Jobs D.C. Real Estate Jobs Washington, D.C.
Restaurantf Jobs Washington, D.C. Sales Jobs D.C. Social Services Jobs D.C. Technology Jobs Washington, D.C. Travel Jobs

Saturday, July 14, 2012

Clumsy, creative editing - msnbc.com (blog)

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Clumsy, creative editing

msnbc.com (blog)


A Republican group called the Ripon Society recently hosted an event with four prominent Republican congressman: Arizona Rep. Jeff Flake, Montana Rep. Denny Rehberg, North Dakota Rep. Rick Berg, and Nevada Sen. Dean Heller. Heller was appointed ...



Thursday, July 12, 2012

Ofcom chief hits out at newspaper industry's plan for new regulator - The Guardian

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The Guardian


Ofcom chief hits out at newspaper industry's plan for new regulator

The Guardian


Ed Richards tells Leveson inquiry that Lord Black's proposal to have editors sitting on PCC's replacement is unworkable. By Lisa O'Carroll.


Top U.K. Media Regulator Says Editors Should Not be Part of Newspaper ...

Hollywood Reporter



 »

Wednesday, July 11, 2012

Insurance underwriters to meet in Denver - Denver Business Journal:

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The conference will take place at the Sheratob Denver Hotel downtownfrom Aug. 29 to 1. The Malvern, Penn.-based Charteres Property and CasualtyUnderwriters (CPCU) is an insurance trade For the first time, CPCU will open its conference registration to non-societ y members. “The society must venture outside its comfortr level and embrace the future by expandingv its base ofpotential participants,” CPCU President Marvi n Kelly said in a statement. Former Denverd Mayor Wellington Webb and curren t state Insurance Commissioner Marcy Morrison will be speakinb at different sessionson Aug. 31. Other speakers include mountaineer and survivalist Aron Ralston and retiredxArmy Lt.
General Russel L. Honore. A charitg golf tournament will be held at the Fox Hollow Golf Cours in Lakewoodon Aug. 28. Organizers are in the proceszs of planninga “Denver Discovery Walk” in the downtowh area around the Sheraton Denver, which wouldx also take place on Aug. 28. For more information, contactg the CPCU at www.cpcusociety.org.

Monday, July 9, 2012

New infestation of 'hazardous' moth - The Press Association

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Evening Standard


New infestation of 'hazardous' moth

The Press Association


A new infestation of a non-native moth which is hazardous to human and animal health and trees has been identified, the Forestry Commission has said. The oak processionary moth has been discovered in the West Wickham area of Bromley, south-east ...


New infestati on of 'hazardous' moth identified

The Independent


New outbreak of oak processionary moth reported

Horticulture Week



 »

Sunday, July 8, 2012

N.J. tax amnesty brings revenue windfall - Tampa Bay Business Journal:

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New Jersey expected to generate $100 million when the 45-dauy program was launched, but at its close last week had collectecd morethan $600 millio in back taxes owed. Final revenue could increas byanother $50 million to $100 milliojn once the remaining 17,50o envelopes are opened and processed, the Governor’s Offic e said. New Jersey’s program, which ran from May 4 to June 15, permittefd those owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penalty and for half theinterestr owed. Of the collections processed to date, 56 percent were for the corporationmbusiness tax, 23 percent for sales and use taxes and 14 percenyt for gross income tax.
A vote on a fina l budget for New Jersey isexpectec Thursday. Gov. Jon S. Corzine would like to see the additiona revenue be put towar d propertytax relief, which was slatedd to be eliminated for all but seniorx and the disabled to address an up to $9 billiob deficit in fiscal year 2010. In Pennsylvania, stated Rep. John C. R-Lancaster, is pitching legislation for a one-time tax amnest program as a budgeft fix for his The bill would permita 90-day tax amnestyu period during 2009-10 fiscal year. The bill is in the Houss Finance Committee. “New Jersey has confirmeed that this is a perfectt time for a tax amnesty program to succeed in said Bear. “We are facinfg a $3.
2 billion budget deficit and New Jersey’z successful program should vividly illustrate that such a programj can collect hundreds of millions in or more, already owed to the Pennsylvania’s last tax amnesty program, which occured more than a decadee ago, brought in $93 million, Bear said. Revenuse from a tax amnesty program couldd be used to addressthe state’as budget deficit, instead of Gov. Ed Rendell’s proposal to raise the state income taxfrom 3.07 percent to 3.57 Bear said. The governor’s proposed 16 percent increas e in the personal income tax rate woul d generateabout $1.
5 billion a year in new revenuw and amount to about $250 more per year for a family earninv $50,000. “Now — during this dire budget crisis is the time for a new tax amnestyt program to be putin place,” Bear

Thursday, July 5, 2012

Day 48: Olympic Flame to Visit Ness Point and Southwold Beach Huts on Its ... - Equities.com

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BBC News


Day 48: Olympic Flame to Visit Ness Point and Southwold Beach Huts on Its ...

Equities.com


2.14pm â€" On Aldeburgh seafront the Flame will be carried by Sarah Corbett, 41, from Tunst »

Wednesday, July 4, 2012

Extended Stay Hotels files Chapter 11 - Wichita Business Journal:

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The Spartanburg, S.C.-based company filed the reorganization petitioj in New Yorkbankruptcy court, Secretart and General Counsel Joseph Teichman writing that Extendeed Stay had about $7.1 billion in assetx and $7.6 billion in liabilities at the end of 2008. Extendedd Stay, whose more than 680 properties are manageds byHVM LLC, has eight Centrap Ohio sites, including those near the Mall at Tuttle Crossing, Polaris Fashion Place and Easton Town The company bills itself as the largest operatof of mid-priced extended-stay hotels in the Teichman in a court filing on Mondayy wrote that the company sought protection from creditora amid a general downturn in the hospitalityy industry and a hit taken as fewed potential customers need the company’s services.
“Since the typicaol Extended Stay customer seeks a lengthy stay basedx oncommercial relocation, the contraction of construction and new business development began to significantly and adversely affected Extended Stay’sw revenue stream,” Teichman wrote. The company said its average revenu per room dropped abouty 23 percent in the first five months of the year comparecd with the same periodof 2008. As a result, it was unabl e to deal with its debt burden with cash flow and is seekingta “comprehensive restructuring of the entire capital structure.
” Extended Stay said it plans to run operations following the Chapter 11 petition under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the compant said. About 9,900 employees work in hotelsx operated byExtended Stay. The company is in 44 statees and hasabout 77,000

Sunday, July 1, 2012

Men who love My Little Pony gather at BronyCon - San Jose Mercury News

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The Star-Ledger - NJ.com


Men who love My Little Pony gather at BronyCon

San Jose Mercury News


SECAUCUS, N.J. -- Dale Fjordbotten is a proud "My Little Pony" fan, with the shiny blue body suit and yellow lightning bolt, blue wings and blue tail to prove it.


Male 'My Little Pony' fans g »