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Report: Lackey Deal for 5 Years, $82.5M

16 hours ago ago from Full Count

According to ESPN's Buster Olney , the deal between the Red Sox and John Lackey is for five years and $87.5 million, or $17.5 million a year. If accurate, that average annual value (AAV) would be $1 million a year greater than the $16.5 million AAV that right-hander A.J. Burnett received from the Yankees with the five-year, $82.5 million deal he signed last offseason. (UPDATED at 3:48 p.m.: Olney later issued a correction that the deal was ...

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Second State Settles With Oppenheimer Over 529 Losses

20 hours ago ago from Progress Illinois -

Another state government has settled with Oppenheimer Funds over losses incurred last year because of the company's mismanagement of their 529 college savings program. According to the AP, New Mexico Attorney General Gary King has reached an agreement with firm that will return $67.3 million to the state, all of which will be distributed to program participants who lost savings because of Oppenheimer's Core Bond Fund's abysmal performance ...

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Scientist Creates Virtual Evolution

14 hours ago ago from The Web Scene

University of Windsor professor Robin Gras has developed computer simulation software that can track evolutionary processes and study ecosystems. We have the ability to make fast computations of things that take millions of years in order to happen, Gras says. Here in our computer, we can see that in a few days. He says the program is different from other simulation programs because it has a higher level of complexity for individual ...

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As Banks Pay Back Debt, Image Becomes Top Priority

16 hours ago ago from My Bank Tracker Bank News

Over the past week, a number of large banks that took government funding have repaid or are in the process of repaying their bail out funds, giving back the billions in taxpayer money which was used to keep them a float. Though it is a great sign to see our countries banks get back on their feet, they still have a large leap to make before Americans begin to put their trust back into these institutions. Trust in America’s financial system ...

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Chauffeurs rack up over $2M in OT over five years

12 hours ago ago from Canadian News, Immigration, Military, Music and More.

Ministerial chauffeurs have racked up more than $2 million in overtime over the past five years sometimes pocketing more in overtime than their actual salaries. Continued here: Chauffeurs rack up over $2M in OT over five years

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Sen. Fritz Hollings: Nothing Gets Done

18 hours ago ago from Huffington Post

Time magazine this week had a special issue , "The Year in Pictures." Now we should take the picture of this year in politics. People, places, and politics are never the same, so a snapshot in words forbids exceptions for a quicker and better understanding of the politics. Democrats are for spending and understand that you have to pay the bill with taxes. Regularly responsible, the Democrats instituted the budget process, and according to ...

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German Cabinet approves 2010 budget plan

45 minutes ago ago from U.S. News

German Cabinet approves 2010 budget plan BERLIN (AP) -- Germany's new center-right Cabinet on Wednesday approved a 2010 budget plan that foresees record levels of new debt and higher spending as the country seeks to safeguard its recovery from recession. The budget puts spending at euro325.4 billion ($474.7 billion), a 7.3 percent increase on this year's planned outlay of euro303.3 billion. It foresees new borrowing of euro85.8 billion - ...

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