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Major League Baseball Makes Dreams Come True for Fans at MLB Fan Cave
Major League Baseball is looking to help people from all around America "do something extraordinary." MLB players like Justin Verlander and R.A. Dickey have been spending their time off hanging with fans at the MLB Fan Cave in New York City and offering their time and assistance to help fans achieve...
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(Reuters) - U.S. retailers expect another solid showing this holiday season, as summertime surveys and shipments show that companies are placing big orders even as some remain cautious about the economy.
A report from the National Retail Federation showed that increases are expected in imports during August, September and October, critical months when chains get their merchandise from overseas in time to stock their holiday shelves.
Meanwhile, manufacturers and importers surveyed by Capital Business Credit showed "cautious optimism" for the 2012 holiday season, said Andrew Tananbaum, executive chairman of CBC, a non-bank lender for the retail sector.
Such upbeat takes suggest that retailers expect the upcoming winter holiday season could help them overcome what has been a somewhat muted back-to-school season. Retailers such as Walmart and Gap Inc
Some school-related buying has moved later into the year so the books are not yet closed on back-to-school.
"A lot of customers will wait until school starts, and they don't buy things until they absolutely have to," said Wal-Mart Stores Inc
Any dip in the economy can quickly take a toll on sales. In 2008, with the United States in a recession and rocked by news such as the bankruptcy of Lehman Brothers, holiday sales fell 4.4 percent. They did not rise again until 2010.
TRACKING SHIPMENTS
The November-December holiday season makes up the biggest chunk of U.S. sales all year, followed by back-to-school, and recent projections suggest retailers are stocking up.
"Retailers don't import merchandise unless they believe they can sell it, so import numbers are considered a good leading indicator of future sales," said J. Craig Shearman, NRF's vice president for government affairs public relations.
Year-over-year imports are forecast to rise 6.3 percent in August, 7.3 percent in September and 13.2 percent in October according to the NRF's Global Port Tracker, produced by consulting firm Hackett Associates and released on August 13.
In 2011, year-over-year imports tracked by the report fell 7 percent in August, 0.6 percent in September and 5 percent in October.
For all of 2012, import cargo volume at major U.S. retail container ports should rise 4.8 percent from 2011, according to the report. In 2011, such volume rose just 0.4 percent.
Last year, 27 percent of Capital Business Credit's clients -- importers who sell goods to major retailers such as Wal-Mart and J.C. Penney Co Inc
Still, while 33 percent have seen holiday season orders perk up from 2011, 22 percent have seen such orders decrease.
Last year, U.S. holiday sales rose 4.1 percent, outpacing the NRF's October forecast of 2.8 percent but below the rebound of 5.2 percent seen in 2010.
This year, gas prices may be an added concern. The national average price was nearly $3.72 a gallon for regular on August 17, up from $3.58 a year ago, according to AAA data.
"Everyone is constantly worried about what's happening at the gas pumps," said Peter Whitsett, executive vice president of merchandising and marketing for Meijer, a private chain of nearly 200 stores and nearly 180 gas stations.
In states such as Michigan, where Meijer is based, the pop has been even more pronounced. The average price per gallon in Michigan is $3.95, up from $3.67 a year ago, and in spots across the country consumers are paying $4 a gallon or more.
RETAILERS GETTING READY
While the NRF will not issue its holiday forecast for several weeks, retailers are showing optimism, even though it can be hard to get a solid understanding of how consumers feel before the holiday season.
"Every Christmas is competitive and this will be no different," said Kohl's Corp
An extra two days between Thanksgiving and Christmas and Christmas falling on a Tuesday versus a Sunday in 2011 are expected to boost sales in the final stretch.
"Obviously, we have the additional time between Thanksgiving and Christmas, which will help the month of December," Macy's Inc
While the overall news in the economy is not all positive, shoppers are still feeling "better than they did in 2008 and 2009," said Jerry Storch, chief executive of Toys R Us
His chain will carry more exclusive products as well as classics such as Lego and Ninja turtles as it tries to win shoppers from its discount and online rivals, and Storch said he expects this should be "a good toy year."
Still, with some shoppers hesitant to spend, especially with rising gas prices, retailers are planning ways to entice such shoppers and reduce their own holiday-related costs.
Walmart will bring back layaway for the holiday season, letting shoppers pay for items over time, and said that it feels good about its inventory levels heading in the holidays.
Target Corp
She said the change should not jeopardize Target having items in stock "one bit."
(Reporting by Jessica Wohl in Chicago, additional reporting by Dhanya Skariachan and Phil Wahba in New York; Editing by Gary Hill)
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The Obama administration and friendly governments are considering a situation in which the United States and other nations would have to send tens of thousands of military personnel into conflict-wracked Syria to seize and guard various WMD facilities, Reuters reported on Thursday (see GSN, Aug. 13).
The closed-door brainstorming sessions involve a scenario in which the government collapses and loyalist military forces guarding the country's chemical and suspected biological weapon installations flee their posts, leaving the unconventional arms at risk for theft by nonstate actors such as Hezbollah, unidentified U.S. and foreign foreign affairs sources told the news agency. That situation presupposes that obliterating airstrikes on the WMD sites are not an option due to worries about the release into the environment of deadly poisons and disease materials.
"There could be second-order effects that could be extremely problematic," an anonymous Obama official said of the aftermath of an airstrike.
Washington at present has no intention of deploying military forces to Syria, the Obama official told Reuters. "There is not a imminent plan to deploy ground forces. This is, in fact, a worse-case scenario."
Two unidentified diplomatic insiders said a foreign force as large as 50,000-60,000 land-deployed troops plus assisting personnel could be required to fully secure all of Syria's unconventional arms materials.?
The diplomats emphasized that such an international force would only be in Syria to protect its weapons of mass destruction, not to intervene in the ongoing 17 month rebellion against Damascus.
It is not yet apparent how such an international armed force would be formed and which countries would supply troops. Several European countries have already signaled they would probably not be involved, the diplomatic insiders said.
The United States, Russia, and other nations have repeatedly stressed to the Bashar Assad regime the importance of protecting its chemical arsenal, which is understood to include hundreds of tons of nerve and blister agents that can be delivered in attacks by missiles, rockets, and aerial munitions.
The chemical warfare materials are understood to be spread out at a number of sites around the country. However, there have been reports in recent weeks of some components being relocated by the Syrian military, purportedly to move them away from scenes of intense fighting between regime soldiers and opposition fighters.
The Obama administration would not provide details of crisis response plans for Syria.
National Security Council spokesman Tommy Vietor said that while the administration continues to conclude Syrian chemical arms are being guarded, "given the escalation of violence in Syria, and the regime's increasing attacks on the Syrian people, we remain very concerned about these weapons."
Damascus in recent weeks issued a statement vowing it would not use chemical or biological weapons in domestic attacks but left open the possibility of WMD strikes on international forces looking to intervene in the conflict.
"In addition to monitoring their stockpiles, we are actively consulting with Syria's neighbors -- and our friends in the international community -- to underscore our common concern about the security of these weapons, and the Syrian government's obligation to secure them," Reuters quoted Vietor as saying (Hosenball/Stewart, Reuters, Aug. 16).
Source: http://www.nti.org/gsn/article/giant-military-force-may-be-needed-secure-syrian-chemical-arms/
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WASHINGTON (Reuters) - Republican vice presidential candidate Paul Ryan on Friday released his 2010 and 2011 tax returns, backing up his running mate in a fight with Democrats who have called for Mitt Romney to be more transparent about his personal finances.
Ryan and his wife, Janna, paid an effective tax rate of 20 percent last year. They paid $64,764 in total federal tax on adjusted gross income of $323,416 in 2011, when they filed an amended return. Their effective 2010 rate was about 16 percent.
Ryan's release of his most recent two years of tax returns was an attempt to back up Romney's position that giving out two years of tax information was enough.
Romney, who has released his 2010 return and an estimate for 2011, has come under fire for not making public details of his prior income taxes. Earlier this week he said he paid at least a 13 percent tax rate every year for the past 10 years.
In January, Romney released information showing he had paid an effective tax rate of 13.9 percent in 2010, mostly from capital gains on investments. The top tax rate for wages is 35 percent, while capital gains are taxed at a lower rate.
Romney's campaign posted the Ryans' returns on its website. "It's time to focus on the real issues in this campaign - turning around the economy and getting America back to work again," the campaign said.
Romney has drawn criticism from Democrats who say presidential candidates typically release financial information going back many years.
President Barack Obama's re-election campaign said on Friday that if Romney releases five years of tax returns, it would not press the former private equity executive to release more - a proposal quickly rejected by Romney's campaign.
Romney, a former Massachusetts governor, is one of the richest men ever to run for U.S. president. He has an estimated net worth of up to $250 million.
Obama's re-election campaign and its Democratic allies have featured Romney's wealth and refusal to release more tax returns in ads painting him as out of touch with the majority of voters.
Polls show the strategy is working. Independent voters in swing states have a lower opinion of Romney after hearing about his business record and personal finances.
(Reporting by Kevin Drawbaugh and Karey Wutkowski; Editing by Alistair Bell and Jackie Frank)
Source: http://news.yahoo.com/paul-ryan-releases-two-years-tax-returns-221129043.html
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