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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 04, 2011
Page
5
The task force considers saving methods as potential cuts could reach 1.5 to 5 million dollars next academic year. Superintendent Rick Doll warns the worst case may exceed 5 million, while earlier work maps classroom use to model effects of closures, renovations, expansions, or new schools.
A 29 year old Frankfort man, Jason Brammer, pleads not guilty to involuntary manslaughter while under the influence and driving without liability insurance after a head-on crash near Marysville on Oct 4 killed 17 year old Taylor White. A three day jury trial is set to begin March 14 in Marshall County District Court, prosecuted by the Kansas attorney general's office.
Kansas Governor Brownback appoints two new cabinet members as Sunflower Electric Power Corp. presses a 2.8 billion coal plant project in Finney County. The health department oversees disease response with a 240 million dollar budget and over 1000 staff. SRS runs six hospitals and a 1.7 billion budget, directing foster care amid ongoing legislative scrutiny. Scott Rothschild, Statehouse reporter.
Facebook receives a 500 million funding infusion from Goldman Sachs and a Russian investor, boosting its value to about 50 billion. The NYT report notes the move endorses Facebook’s profit potential in social networking, placing it near Boeing and Kraft Foods in market value and double Yahoo’s.
Monday's market snapshot shows the Dow at 11,670.75 with a 93.24 point gain, the Nasdaq at 2,691.52 up 38.65, and the S&P 500 at 1,271.89 up 14.25. Bond yields inch higher on the session while corn and soybeans fall and oil nudges higher.
Bank of America agrees to a 2.8 billion settlement with Fannie Mae and Freddie Mac over claims that Countrywide mortgages sold to the agencies carried faulty borrower information. The accord removes some pressure, easing investor concerns while highlighting ongoing foreclosure and investor lawsuits. Bank stocks rose on the news.
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