Smoke billows near a home from the Black Forest Fire on June 12, 2013 north of Colorado Springs, Colorado (© Chris Schneider/Getty Images)
Western wildfires: Who pays?

These more frequent deadly disasters burden government budgets and could mean new fees for homeowners who live in harm's way.

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That's why California is mulling a recycling tax and why organizations such as Hilton and the US Navy are looking for cost-efficient ways to deal with them.

By Bruce Kennedy Apr 1, 2013 9:50AM

Image: Couple shopping for beds © Tanya Constantine, Blend Images, Getty ImagesWould you be willing to pay an extra $25 or so to make sure the mattress you just bought doesn't eventually clog up some landfill site?

 

Lawmakers in California are considering a measure that would add a recycling fee to each new mattress sold in the state. The idea "is to require the industry to reclaim the springs, wood and fiber from millions of old mattresses that plug landfills and clutter Southern California streets every year," according to the Los Angeles Times

 

So far, the industry isn't fond of the proposal, saying recycling should be an issue for manufacturers and not the government. But some signs indicate the idea of recycling mattresses is catching on as organizations look for ways to cut costs and solid waste.

 

Several top-tier US colleges report record-low freshman acceptance rates as the pool of applicants surges.

By Aimee Picchi Apr 1, 2013 9:29AM

College student (© Stockbyte/Getty Images/Getty Images)It's never been easy for high school students to secure entry into an Ivy League school, but this year proved more challenging than most. 

 

Harvard, Princeton, Yale and Columbia reported record-low admission rates for students who will enroll as freshmen in the 2013-14 academic year, Bloomberg News reports.

 

What's driving the low acceptance rates? It's partially just a numbers game, given that applications from would-be Ivy Leaguers climbed to all-time highs or held near their records. As a result, that's pushed down the percentage of applicants who are offered seats at the prestigious schools.

 

Applicants found out on Thursday whether they made the cut, The New York Times said.

 

A Norwegian professor proposes 3 pay-as-you-weigh approaches to airfare, but carriers aren't biting -- yet.

By Jason Notte Apr 1, 2013 8:54AM
Image: Overweight (© ULTRA.F/Getty Images)In Italy, pizza isn't sold by the slice, but by weight. The thinking is that heavier slices eat up more of the pizza maker's ingredients and, therefore, the price should cover more of the cost.


That sounds just fine, until economists consider applying the same standard to overweight airline passengers.


Bharat Bhatta, an associate professor at Norway's Sogn og Fjordane University College, wrote last week in the Journal of Revenue Pricing and Management that airlines should consider charging by space and weight. According to Reuters, Bhatta suggests that such a move would not only help airlines recoup some of the fuel costs associated with carrying additional weight, but it would also offer passengers motivation to drop a few pounds and get a discount.

 

They're making this move to avoid paying for full-time workers' health insurance under the Affordable Care Act.

By Bruce Kennedy Apr 1, 2013 8:33AM

Insurance Money © Comstock Images, JupiterimagesAnother national company says it's reducing the number of hours many of its employees will work, making them part-time staff, thanks to Obamacare. Scheduled to go into effect next year, the Affordable Care Act (ACA) is expected raise health care insurance prices, according to recent studies. As a result, a growing number of American businesses are opting to switch workers to part-time status.


AAA Parking, the latest company to react this way to Obamacare, manages more than 200 properties across the U.S. and employs over 1,500 people. AAA recently announced it will move about half of its 500 full-time, hourly employees to part-time status next month in response to the Affordable Care Act.


According to the Atlanta Business Chronicle, a company memo said executives had "spent extensive time evaluating the impact of this mandate, and the financial impact for AAA Parking is dramatic."

 

Theories about why the insects are suffering from a fatal disorder keep surfacing, but the impact on agriculture is clearly becoming acute.

By Bruce Kennedy Apr 1, 2013 7:21AM

Honey bee pollinating flower (© Flickr Open/Getty Images)

The term "colony collapse disorder" might sound like something out of science fiction, but it's a growing problem with widespread economic consequences affecting one of the more beneficial insects to mankind: honeybees.

 

Whole colonies of honeybees have been dying off for years now, and no one seems exactly sure why. And if you think dead bees don't affect you, think again. As The New York Times notes, those bees are essential for pollinating much of America's fruit and vegetable crops.

 

"The Agriculture Department says a quarter of the American diet, from apples to cherries to watermelons to onions, depends on pollination by honeybees," says The Times. "Fewer bees means smaller harvests and higher food prices."

 

The nonprofit Armed Citizen Project is looking to equip residents of high-crime areas with 20-gauge shotguns.

By Jonathan Berr Apr 1, 2013 7:02AM

Neighborhood Watch (© Chris Saulit, Flickr Open, Getty Images)A Texas organization is raising money to buy guns for residents in high-crime areas and single women who may be vulnerable to attack.

The Armed Citizen Project, based in Houston, also has operations in Tucson, Ariz., near the site of a 2011 shooting that killed six and injured 13, including former Rep. Gabrielle Giffords.


According to its website, the group is also organizing efforts in Dallas, Indianapolis, Chicago and Detroit, and is seeking volunteers in other cities to help equip qualified citizens with 20-gauge shotguns. 

People who accept a gun must pass a background check and complete a safety training course. In addition, they must have lived at their current address for at least a year.

 

Bloomberg pegs the deal at close to $1 billion, while the AllThingsD site estimates it as $200 million at most.

By Jonathan Berr Mar 29, 2013 4:28PM
Amazon.com logo © Spencer Platt/Getty ImagesAmazon.com (AMZN) has acquired Goodreads, a social media site for book lovers, for either a shocking amount of money or a pretty good deal, depending on which news report you read.

Bloomberg Businessweek estimates that Amazon paid "close to, but not quite, $1 billion" for the site while Kara Swisher of the AllThingsD blog pegs the acquisition price at about $150 million, or up to $200 million when factoring in potential incentive payments.

Seeing such a huge difference in price of a potential deal is strange considering that news about mergers and acquisitions often is leaked with the precision of a Swiss watch. Media sites rarely differ much on the price.

The Businessweek article is speculative, basing the Goodreads price on the value of LinkedIn (LNKD), a publicly traded company with 202 million active accounts valued by investors at $95 per user. 

The short film, featuring clothes by Louis Vuitton, is angering feminist groups for showing supermodels walking the streets.

By Kim Peterson Mar 29, 2013 4:05PM
Credit: © Catwalking/Getty Images
Caption: A model walks the runway at the Louis Vuitton Autumn Winter 2013 fashion show during Paris Fashion WeekA three-minute video featuring clothes by Louis Vuitton (LVMUY) is coming under fire for showing supermodels walking the streets of Paris as prostitutes.

The video has no words and a classical music soundtrack, and shows dark and blurred images of models in lingerie waiting in dark alleyways. The women are also seen getting into cars at night and taking off their clothes in front of a car's headlights. Later, the video abruptly switches to scenes from a Louis Vuitton show at Paris Fashion Week.

Women's groups are saying the clip glamorizes prostitution. "It's a disturbing video because it combines two different worlds -- the refinement of haute couture and the violence of the sex trade," a spokeswoman for the French group Osez le Feminisme told Le Parisien

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[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.

The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.

Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.

Today's Statement was ... More

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