Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/295522333?client_source=feed&format=rss
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March 19, 2013
Casino operator Caesars Entertainment has been fined $225k by New Jersey gaming regulators for allowing a high-roller to sexually accost staff and take illegal drugs while gambling at Caesars? casinos in Nevada. Though the incidents occurred well beyond New Jersey?s borders, the New Jersey Division of Gaming Enforcement (DGE) has previously put its foot down over MGM Resorts? doings in Macau, so this is no great jurisdictional leap. On Monday, the DGE announced that Caesars? ?failure to exercise discretion and sound judgment? could tarnish the reputation of the entire casino industry.
The gambler in question was Terrance Watanabe, a Nebraska businessman who ran up a $127m tab during an epic spree at Caesars Palace and the Rio Casino in Las Vegas in 2007. After paying up all but the last $14.7m, Watanabe sued Caesars/Harrah?s, claiming the casino had plied him with prescription painkillers and alcohol. Caesars denied it had supplied pills to anyone and the two parties eventually settled out of court in July 2010.
The DGE ruled that Caesars had failed to protect staff from Watanabe?s ?inappropriate sexual conduct,? thereby falling afoul of its own sexual harassment policy. An internal report prepared for Caesars by an outside investigating agency said Caesars? senior management had also failed to respond appropriately after more than a dozen people reported that Watanabe was doing illegal drugs ? including marijuana and cocaine ? on the property.
The $225k settlement, which was reached March 7, says Caesars agreed to pay ?in recognition of the seriousness? of its slipshod approach. The timing is highly ironic, given Caesars is currently leading a sock-puppet campaign to bar PokerStars from New Jersey?s fledgling online gambling market. The Caesars-backed American Gaming Association told the DGE that if a ?criminal enterprise? like Stars were given a New Jersey license, ?the integrity of the gaming industry would be gravely compromised.? Pot, have you met kettle?
Adding further irony, Caesars? stock had briefly hit an all-time high of $18.36 on Monday before closing the day up 3.7% at $17.50. Regardless, it?s significantly above the $9 price at its early investor bailout, er, initial public offering a year ago. The stock was just $7.40 at the start of the year but recent legislative progress has attracted speculators who have swallowed Caesars? overconfident projections about its performance in a US online gambling market. (At last count, the stock was down nearly 2% on Tuesday.)
There?s little argument over Caesars debt. Caesars is the gaming industry?s unchallenged debt holder and ? like CEO Gary Loveman?s waistline ? it?s growing every quarter. Most of us have a hard time conceiving numbers in the billions, so we hope the infographic below paints a more vivid picture.
Source: http://calvinayre.com/2013/03/19/casino/caesars-fined-225k-over-watanabe-case/
Contact: Anna Mikulak
amikulak@psychologicalscience.org
202-293-9300
Association for Psychological Science
Women may be less likely to pursue careers in science and math because they have more career choices, not because they have less ability, according to a new study published in Psychological Science, a journal of the Association for Psychological Science.
Although the gender gap in mathematics has narrowed in recent decades, with more females enrolling and performing well in math classes, females are still less likely to pursue careers in science, technology, engineering, and mathematics (STEM) than their male peers.
Researchers tend to agree that differences in math ability can't account for the underrepresentation of women in STEM fields. So what does?
Developmental psychologist Ming-Te Wang and his colleagues at the University of Pittsburgh and University of Michigan wondered whether differences in overall patterns of math and verbal ability might play a role.
The researchers examined data from 1490 college-bound US students drawn from a national longitudinal study. The students were surveyed in 12th grade and again when they were 33 years old. The survey included data on several factors, including participants' SAT scores, various aspects of their motivational beliefs and values, and their occupations at age 33.
Looking at students who showed high math abilities, Wang and colleagues found that those students who also had high verbal abilities a group that contained more women than men were less likely to have chosen a STEM occupation than those who had moderate verbal abilities.
Further analyses suggest that gender differences in career choice could be explained, at least in part, by differences in students' combinations of abilities.
According to Wang, this study identifies a critical link in the debate about the dearth of women in STEM fields.
"Our study shows that it's not lack of ability or differences in ability that orients females to pursue non-STEM careers, it's the greater likelihood that females with high math ability also have high verbal ability," notes Wang. "Because they're good at both, they can consider a wide range of occupations."
Notably, those participants who reported feeling more able and successful at math were more likely to end up in a STEM-related job, and this was particularly true for students who had high math and moderate verbal abilities. Thus, math may play a more integral role in these individuals' sense of identity, drawing them toward STEM occupations.
Considerable funds have been put into designing and testing a wide variety of intervention programs to increase female participation in math-intensive careers.
According to Wang, these new findings suggest that "educators and policy makers may consider shifting the focus from trying to strengthen girls' STEM-related abilities to trying to tap the potential of these girls who are equally skilled in both math and verbal domains."
In addition to Wang, co-authors include Jacquelynne Eccles and Sarah Kenny of the University of Michigan.
###
For more information about this study, please contact: Ming-Te Wang at mtwang@pitt.edu.
The APS journal Psychological Science is the highest ranked empirical journal in psychology. For a copy of the article "Not Lack of Ability but More Choice: Individual and Gender Differences in Choice of Careers in Science, Technology, Engineering, and Mathematics" and access to other Psychological Science research findings, please contact Anna Mikulak at 202-293-9300 or amikulak@psychologicalscience.org.
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Contact: Anna Mikulak
amikulak@psychologicalscience.org
202-293-9300
Association for Psychological Science
Women may be less likely to pursue careers in science and math because they have more career choices, not because they have less ability, according to a new study published in Psychological Science, a journal of the Association for Psychological Science.
Although the gender gap in mathematics has narrowed in recent decades, with more females enrolling and performing well in math classes, females are still less likely to pursue careers in science, technology, engineering, and mathematics (STEM) than their male peers.
Researchers tend to agree that differences in math ability can't account for the underrepresentation of women in STEM fields. So what does?
Developmental psychologist Ming-Te Wang and his colleagues at the University of Pittsburgh and University of Michigan wondered whether differences in overall patterns of math and verbal ability might play a role.
The researchers examined data from 1490 college-bound US students drawn from a national longitudinal study. The students were surveyed in 12th grade and again when they were 33 years old. The survey included data on several factors, including participants' SAT scores, various aspects of their motivational beliefs and values, and their occupations at age 33.
Looking at students who showed high math abilities, Wang and colleagues found that those students who also had high verbal abilities a group that contained more women than men were less likely to have chosen a STEM occupation than those who had moderate verbal abilities.
Further analyses suggest that gender differences in career choice could be explained, at least in part, by differences in students' combinations of abilities.
According to Wang, this study identifies a critical link in the debate about the dearth of women in STEM fields.
"Our study shows that it's not lack of ability or differences in ability that orients females to pursue non-STEM careers, it's the greater likelihood that females with high math ability also have high verbal ability," notes Wang. "Because they're good at both, they can consider a wide range of occupations."
Notably, those participants who reported feeling more able and successful at math were more likely to end up in a STEM-related job, and this was particularly true for students who had high math and moderate verbal abilities. Thus, math may play a more integral role in these individuals' sense of identity, drawing them toward STEM occupations.
Considerable funds have been put into designing and testing a wide variety of intervention programs to increase female participation in math-intensive careers.
According to Wang, these new findings suggest that "educators and policy makers may consider shifting the focus from trying to strengthen girls' STEM-related abilities to trying to tap the potential of these girls who are equally skilled in both math and verbal domains."
In addition to Wang, co-authors include Jacquelynne Eccles and Sarah Kenny of the University of Michigan.
###
For more information about this study, please contact: Ming-Te Wang at mtwang@pitt.edu.
The APS journal Psychological Science is the highest ranked empirical journal in psychology. For a copy of the article "Not Lack of Ability but More Choice: Individual and Gender Differences in Choice of Careers in Science, Technology, Engineering, and Mathematics" and access to other Psychological Science research findings, please contact Anna Mikulak at 202-293-9300 or amikulak@psychologicalscience.org.
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Source: http://www.eurekalert.org/pub_releases/2013-03/afps-mco031913.php
NEW YORK -- A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.
Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million. Evan Metropoulos, a principal of the latter firm, said in an interview that he wants to have the snack cakes back on shelves by June and that the brands could benefit from new flavors and other product extensions.
"There's no mistake, we've got to move smartly, we've got to move quickly," Metropoulos said.
He also said that comedians Will Ferrell and Zach Galifianakis are at the top of his "wish list" for potential pitchmen. But he doesn't plan on formally approaching anyone about marketing deals until after the sale closes in coming weeks.
Metropoulos, which owns Pabst beer, has already used Ferrell in its ads. Apollo's investments include the fast-food chains Hardee's and Carl's Jr., which is known for indulgent burgers and splashy ads starring scantily clad women.
Judge Robert Drain of the U.S. Bankruptcy Court of the Southern District of New York also approved the sale of Wonder bread to Flowers Foods, which makes Tastykakes and other breads. Flowers, based in Thomasville, Ga., would also get Nature's Pride, Butternut, Home Pride and Merita as part of the $360 deal.
Hostess has said the Justice Department is reviewing that sale.
The sale of Beefsteak to Grupo Bimbo was also approved. Grupo Bimbo makes Entenmann's cakes and Thomas' English muffins and is paying $31.9 million for the regional bread brand.
A separate hearing is scheduled for April 9 to approve the sale of Drake's cakes, which include Devil Dogs and Yodels. Hostess picked McKee Foods, the maker of Little Debbie snack cakes, as the buyer for those brands at $27.5 million.
Taken together, a Hostess spokesman said 29 of the bankrupt company's 36 bakeries were sold as part of the transactions. It will be up to the new owners whether to hire back the thousands of workers who lost their jobs when the company went out of business.
Mark Semer, a spokesman for Metropoulos, said the firms would hire "the most qualified employees for each of our facilities, and this certainly includes many excellent, former Hostess workers."
The bakers union for Hostess, which had previously objected to the sales, said in a statement that it shared the enthusiasm exhibited by the new owners to bring Hostess brands back to shelves quickly.
The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union said it believed "our highly-motivated and skilled workforce will serve as indispensable partners in the seamless re-opening of factories."
Hostess closed its factories in late November following a strike by the union. The company had been struggling financially for years.
? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Source: http://www.nbcnews.com/business/buyer-hopes-have-twinkies-back-shelves-summer-1C8954050
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