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Even if those convicted of animal-abuse felonies were charged a fee, however, that may not be enough to cover the cost of the registry, since only a small percentage of animal-abuse cases result in felony charges, according to Madeline Bernstein, president of the Society for the Prevention of Cruelty to Animals Los Angeles. "The bottom line is that there aren't a lot of felony convictions for animal abuse in the state of California," says Bernstein. The proposal also puts an added burden on local police - operating at a time of state funding cuts - by requiring them...
...treating chronic diseases--about half of which are oncology drugs--represent one of the fastest-growing segments of the health care market. AmerisourceBergen's revenue in the sector topped $16 billion last fiscal year. "If Cardinal is going to play, they have to move now," says Sanford C. Bernstein & Co. analyst Helene Wolk, who is bearish on Cardinal. "And they're going to have to buy, not build, to get to scale as quickly as possible...
...Geithner and National Economic Council chairman Larry Summers - who were not eager to dismantle large banks and did not see how proprietary trading contributed to the crisis - those ideas had support from White House economists like Christina Romer and Austan Goolsbee of the Council of Economic Advisers and Jared Bernstein in Vice President Joe Biden's office. Volcker was never really persona non grata; he's friendly with Biden, and Goolsbee says Volcker spoke "extensively and repeatedly" with all the key players - including Obama. Still, White House officials were increasingly frustrated that they weren't getting credit for going after...
...Kraft too, persistence should pay dividends. While the Illinois-based firm has looked sickly in recent quarters, Cadbury has shone. The British business boasts "dominant positions, strong emerging market exposure and the potential for massive margin improvements," Andrew Wood, an analyst with the financial firm Sanford C. Bernstein, wrote in a note to clients on Tuesday. "Kraft," he added, "will benefit from all of Cadbury's strengths." And at a knockdown price. Bagging the firm for a value equivalent to 13 times Cadbury's profit before tax and other deductions amounts to the cheapest food-industry takeover in more than...
What an issue! Some great reminders of the year that's passed. Most striking was the photograph of the soldiers in the foxholes. I can't tell you how much more I now appreciate the freedom to sleep in comfort. Adam Bernstein, ASTON ROWANT, ENGLAND...