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Keyword: losses

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  • Florida lost more than $45 million after tolls suspended during Hurricane Irma.

    10/10/2017 12:32:42 PM PDT · by Tolerance Sucks Rocks · 35 replies
    The Orlando Weekly ^ | September 23, 2017 | Jim Turner, the News Service of Florida
    More than $45 million in revenue is believed to have been lost when the state suspended highway toll collections to help speed evacuations and relief efforts for Hurricane Irma, Florida's Turnpike system estimates. However, the estimated $3 million-a-day impact is not expected to hinder operations of the system or ongoing work programs, “as impacts such as toll suspensions due to a hurricane are taken into consideration during the annual budgeting process,” turnpike spokesman Chad Huff said in an email Friday. Funding 404 full-time positions, the turnpike system is budgeted at $1.57 billion for the current fiscal year, which began July...
  • After 4 Special Election Losses, Panic Is Setting In On The Left

    06/22/2017 7:27:22 AM PDT · by Helicondelta · 126 replies
    vox.com ^ | Jun 22, 2017
    Jon Ossoff’s loss in Georgia’s Sixth Congressional election on Tuesday isn’t just a disappointment for liberals. It’s a bright red warning sign, a blaring siren that should alert Democrats everywhere that they will not take back Congress without a radical change in direction. It looked to some like the party could retake at least one branch in Congress in 2018 just by staying the course. “I don’t think Democrats want a new direction,” House Minority Nancy Pelosi (D-CA) said on CBS Face the Nation the week after the election. But since then, Democrats have lost four straight special elections in...
  • Huge ISIS casualties in rural Raqqa as counter-offensive ends in disaster

    05/11/2017 5:14:18 PM PDT · by Texas Fossil · 82 replies
    AMN ^ | 5/11/2017 | Chris Tomson
    DAMASCUS, SYRIA (4:50 P.M.) – Following the loss of Tabqa and three villages in northern Raqqa, the Islamic State launched a localized counter-offensive against the US-backed Syrian Democratic Forces (SDF) beginning on Wednesday evening.Targeting Kurdish-held territory in western Raqqa, convoys of ISIS vehicles attacked the villages of Ayed al-Kabeer, Ibad and Al-Mashirfa where SDF garrisons came under enormous pressure, forcing them to call upon US air support to repel the attack.With skirmishes persisting throughout the night and early hours of Thursday, ISIS had not been able to break through the Kurdish defensive line.Thus far, 26 ISIS militants have been...
  • What China’s ‘Highway Robbery’-Style Toll Roads Say About its Economy

    11/20/2016 11:02:14 PM PST · by Tolerance Sucks Rocks · 19 replies
    Epoch Times ^ | October 30, 2016 | Cai Shenkun
    Why is China’s huge toll road system running massive losses despite billions of income from toll fees? It’s another strategy devised by the communist regime to siphon wealth from the public, says Cai Shenkun, a well-known Chinese economist and blogger.The Chinese state operates the largest toll road system in the world. Toll roads across the country collect more than 400 billion yuan (US$60 billion) each year. But strangely, this profitable monopoly industry reports huge losses year after year. According to recently released data by China’s Ministry of Transportation, revenue from toll roads was 409.78 billion yuan in 2015 while operating...
  • Chelsea Clinton’s Husband Closing Hedge Fund After Losing 90 Percent Of Its Money

    07/25/2016 1:55:20 PM PDT · by boknows · 97 replies
    Daily Caller ^ | 5/11/16 | Blake Neff
    The effect on Mezvinsky’s hedge fund has been gruesome. It raised $25 million for its investments, but had already lost about 40 percent of its value by early 2015. Rather than shuttering the fund then, Mezvinsky pressed ahead.
  • Big review set by Democrats after election losses

    11/08/2014 2:39:09 PM PST · by ImJustAnotherOkie · 32 replies
    AP ^ | Nov 8, 4:35 PM EST | KEN THOMAS
    WASHINGTON (AP) -- Democrats are planning an extensive review of what went wrong in the 2014 and 2010 elections, hoping to find ways to translate success in presidential campaigns into future midterm contests. A party committee will conduct a "top-to-bottom assessment" of the Democrats' performance in recent midterm elections and try to determine why they have struggled to turn out its core voters in nonpresidential elections. "It's apparent that there are increasingly two separate electorates: a midterm electorate and a presidential electorate. We win one and we don't seem to be able to win the other,"
  • Fiat losses widen on Chrysler deal

    05/06/2014 3:50:00 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 6, 2014 6:06 PM EDT | Colleen Barry
    Fiat SpA’s deal to complete its purchase of Chrysler helped widen first-quarter losses, the Italian car maker reported Tuesday following a day-long presentation in Detroit of its new five-year business plan for the combined automakers. The Italian carmaker, based in the northern city of Turin, saw first-quarter losses widen to €334 million ($465 million) from €83 million last year, due to expenses related to the Chrysler deal logged in the first quarter. …
  • Nevada's biggest casinos lose $1.35B in 2013

    01/11/2014 1:43:43 AM PST · by Zakeet · 48 replies
    Fox News / AP ^ | January 10, 2014 | Sandra Chereb
    Nevada's largest casinos, still climbing out of the recession, suffered a combined net loss of $1.35 billion in 2013, marking the fifth straight year without an overall profit, state regulators reported Friday. [Snip] While the casinos' losses grew by 11.2 percent or $136 million, a control board analyst said much of that was tied to increased expenses.
  • Top Dem: Colorado losses due to ´voter suppression, pure and simple´

    09/11/2013 7:06:44 AM PDT · by Nachum · 76 replies
    The Hill ^ | 9/11/13 | Jonathan Easley
    Successful recall elections Tuesday of two Democratic state senators in Colorado were because of “voter suppression, pure and simple,” Democratic National Committee Chairwoman Debbie Wasserman Schultz said Wednesday. Wasserman Schultz blamed lawsuits filed by opponents of gun control to prevent voters from mailing in ballots, the late announcement of polling locations, and “efforts by the NRA, the Koch brothers and other right wing groups who know that when more people vote, Democrats win.” “The recall elections in Colorado were defined by the vast array of obstacles that special interests threw in the way of voters for the purpose of reversing
  • Lights go dim on another energy project Geothermal losses pile up

    07/04/2012 7:00:41 PM PDT · by Nachum · 17 replies
    Washington Times ^ | 7/4/12 | Chuck Neubauer
    A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada - which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid - faces financial problems, and the company’s auditors have questioned whether it can stay in business. Much like Solyndra LLC, a California solar-panel manufacturer with a $535 million federal loan guarantee that went bankrupt, Nevada Geothermal Power (NGP) has incurred $98 million in net losses over the past several years, has substantial debts and does not generate enough cash from its current operations...
  • Lawmakers told Maryland can support 6th casino

    06/13/2012 8:13:17 PM PDT · by Tolerance Sucks Rocks · 3 replies
    The Washington Times ^ | June 12, 2012 | David Hill
    ANNAPOLIS — Maryland can support a sixth casino and adding table games would more than make up for the revenue that competing casino operators could lose, representatives from a consulting firm told state lawmakers Tuesday. Representatives from PricewaterhouseCoopers and the state’s Department of Legislative Services presented a report Tuesday to the state’s Work Group to Consider Gaming Expansion - a panel of legislators and executive-branch officials charged with deciding whether the General Assembly should hold a special session next month to consider a bill legalizing table games and adding a casino In Prince George’s County. Opponents have argued that adding...
  • Wisconsin's place on the electoral map: GOP's top blue-state target?

    04/16/2012 10:44:53 AM PDT · by afraidfortherepublic · 4 replies
    JS Online ^ | 4-16-12 | Craig Gilbert
    Wisconsin is one of nine swing states that will determine the 2012 presidential race, according to this analysis of the electoral map by the Washington Post’s political blog, “The Fix.” The others are Ohio and Iowa in the Midwest; New Hampshire in the Northeast; Virginia, North Carolina and Florida further down the Atlantic Coast, and Colorado and Nevada in the West. Wisconsin is the only state on this list that Democrats have won in each of the past three elections (in fact Democrats have won the state in six straight elections). Of the nine states on this list, it’s also...
  • Flashback Audio: Obama In 2004 Attacks Bush For “Three Dismal Years of Job Losses”…

    02/07/2012 10:28:00 PM PST · by Nachum · 5 replies
    Weasel Zippers ^ | 2/7/12 | Zip
    Sounds more like 2004 Obama campaigning against 2012 Obama.
  • BOVE: The Losses Bank Of America Is About To Take Are "Historic In Proportion"

    06/02/2011 7:27:49 AM PDT · by blam · 13 replies · 1+ views
    TBI ^ | 6-2-2011 | Joe Weisenthal
    DICK BOVE: The Losses Bank Of America Is About To Take Are "Historic In Proportion" Joe Weisenthal Jun. 2, 2011, 9:29 AM In a comment out today, Dick Bove predicts huge losses ahead for Bank of America: It is now believed that BAC will lose an additional $32B in the next three years related to the housing crisis. Approximately, $9B of this money will be derived from its reserve. The remaining $23B will be charged to earnings at the rate of $2B per quarter for the next three years. It is likely that the bank will sell additional assets to...
  • RELIEF - RECOVERY Thread - JAPAN March 18, 2011

    03/18/2011 2:48:40 PM PDT · by goodnesswins · 19 replies
    Anywhere ^ | 3/18/11 | anyone
    In order to keep people appraised of the RELIEF and RECOVERY efforts going on in Japan, and also to focus on the NEEDS they have, this thread is posted.
  • Hoping to cut House losses, Dems try for firewall

    10/08/2010 3:52:29 PM PDT · by mandaladon · 22 replies
    WASHINGTON – Struggling to build a firewall against a Republican takeover, congressional Democrats are pouring money into roughly two dozen tight races around the country in the campaign's closing weeks while pulling it back from others where their chances seem slimmer. With polls showing Republicans increasingly well-positioned to seize control of the House, the Democrats are planning TV ad blitzes to shore up their best-positioned incumbents and a handful of challengers in races they believe they can still win.
  • Berkshire net down 40 percent on derivative losses

    08/06/2010 2:45:14 PM PDT · by NormsRevenge · 16 replies
    Reuters on Yahoo ^ | 8/6/10 | Jonathan Stempel
    NEW YORK (Reuters) – Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the takeover of railroad operator Burlington Northern Santa Fe Corp, improvement in insurance underwriting results, and a turnaround in performance at the NetJets corporate plane unit. Net income fell to $1.97 billion, or $1,195 per Class A share, from $3.3 billion, or $2.123, a year earlier. Excluding investments, operating profit rose to $3.07 billion, or $1,866 per share, from $1.78 billion, or...
  • USPS posts $3.5 billion loss as mail volume plunges

    08/05/2010 9:41:55 AM PDT · by Zakeet · 165 replies · 1+ views
    CNN ^ | August 5, 2010 | Hibah Yousuf
    The U.S. Postal Service reported a $3.5 billion loss in its most recent quarter Thursday, as mail volume plummets and retiree health care costs mount. The USPS, a self-supporting government agency that receives no tax dollars, said operating revenue declined 1.8% to $16 billion during the fiscal 2010 third quarter compared to a year earlier, while operating expenses spiked 4.2% to $19.5 billion. The quarterly loss was the fourteenth in the last sixteen quarters, the postal service said. "A significant portion of USPS losses in the past few years has been due to an unprecedented decline in mail volume...
  • Democrats hope Obama 2008 model will help stem midterm losses

    07/05/2010 2:09:55 PM PDT · by edpc · 39 replies
    Washington Post ^ | 5 July 2010 | Chris Cillizza
    To become the nation's first black president, Barack Obama not only won heavy percentages of the black and Hispanic vote but also managed to trim the Democratic Party's traditional deficit among white voters. Four years after Sen. John F. Kerry (D-Mass.) lost the white vote by 17 percentage points, Obama lost it by 12, according to exit polls. While the 2008 gains were generally attributed to Obama's strength with young voters -- he won by 10 points among whites 18 to 29 years old -- he managed to improve on Kerry's showing with white voters across every age demographic.
  • Mass. health meltdown is your future

    05/25/2010 3:56:10 AM PDT · by Scanian · 10 replies · 636+ views
    NY Post ^ | May 25, 2010 | SALLY PIPES
    The future of US medicine under ObamaCare is already on display in Massachusetts. The top four health insurers there just posted first-quarter losses of more than $150 million. Most of them blamed the state's decision to keep premiums at last year's levels for individual and small-business policies, when they'd proposed double-digit hikes to match the soaring costs they've seen under the state's universal-coverage law. The companies have gone to court to challenge the state's action -- it apparently had no basis for its ruling beyond the political needs of Gov. Deval Patrick. If they win, Bay State health premiums will...