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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 09, 2005
Page
11
Sears Holdings Corp Kmart chain will close 188 of its 823 in store restaurants citing profits shortfall. The company with 1 479 stores and a Lawrence distribution center will keep operating in store cafes branded K Cafe at remaining locations. No subletting to outside operators.
The White House said the economy will grow 3.4 percent this year, down from the December forecast. With higher energy costs, the Council of Economic Advisers raised the inflation forecast to 2.3 percent for 2005, then 2.1 percent thereafter. They expect 178,000 payroll jobs added per month. The December projection had pegged growth at 3.5 percent.
The Federal Trade Commission granted Harrah's Entertainment approval for its 5.2 billion acquisition of Caesars Entertainment. Nevada regulators must sign off next. Once closed, Harrah's will own and manage more than 40 properties including casinos in Mayetta and North Kansas City Missouri.
Avanda L. Nicodemus and Chauncey J. Calvert, former Ameriquest Mortgage employees in Kansas City, pleaded guilty to a $4 million loan fraud scheme. They admitted aiding a conspiracy from 1999 to defraud investors and the firm, with 66 fraudulent loan applications approved.
The study by Families USA finds that insuring the uninsured raises average worker premiums by 341 dollars and family costs by 922 dollars annually. Governors and officials cite this as proof the uninsured impact all, urging state and federal action to expand coverage. Kansas notes 300,000 uninsured residents often incur costly, ineffective care.
Tech tinkerers, led by Adrian Holovaty, overlay crime stats and other data on Google maps to visualize patterns. They map latitude and longitude to external databases, offering new ways to present police blotters, real estate listings, and travel information, expanding how users see geographic data.
Adrian Holovaty’s World Online style project aims to map Lawrence municipal court records for public access. City officials refuse direct help to update the database citing costs and staffing, proposing the newspaper bear all related expenses. Journal-World set a Friday 2 p.m. meeting with a city attorney to discuss logistics and map sexual assaults in the district between May 19 and April 19, aiming to show crime at train stations.
OveRLand Park Sprint appoints Daniel Hesse as head of the local phone unit amid merger talks with Nextel. He aims to grow wireline data and broadband video offerings despite competition from cable, Internet telephony, and wireless. The spin-off will form a Fortune 350 company with 7.6 million access lines in 18 states. The division employed about 16,000, expected to rise post-spin-off. Revenues in 2004 were 6.02 billion, down from 6.13 billion, with 229,000 access lines lost.
Washington report says safety inspectors struggle to keep pace with cost cutting by airlines as FAA faces possible budget cuts next year. FAA defends safety record while majors struggle financially and low cost rivals push efficiency. carriers seek quicker turnarounds and outsource tasks.
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