Archive for category Business

Social Security spent $300M on ‘IT boondoggle’

This Friday, Jan. 11, 2013 file photo, shows the Social Security Administration's main campus is seen in Woodlawn, Md. Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement. (AP Photo/Patrick Semansky, File)

WASHINGTON (AP) — Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement, according to an internal report commissioned by the agency.

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Clippers CEO: Sterling staying would be ‘disaster’

In this Dec. 19, 2011 file photo, Los Angeles Clippers owner Donald Sterling watches the Clippers play the Los Angeles Lakers during an NBA preseason basketball game in Los Angeles. The future of the Clippers is closer to decision as testimony resumes Monday, July 21, 2014,  in a probate trial over whether a deal negotiated by Donald Sterling's estranged wife to sell the team for $2 billion is authorized under a Sterling family trust.  (AP Photo/Danny Moloshok, File)

LOS ANGELES (AP) — Testimony ended Wednesday in the trial to determine whether Donald Sterling’s estranged wife can sell the Los Angeles Clippers in a proposed $2 billion deal with former Microsoft CEO Steve Ballmer.

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Get paid for posts? Social networking’s new twist

In this photo taken Wednesday, July 16, 2014, Gerry Kelly, founder of clothing brand Sonas Denim and a Bubblews user, poses near his home in San Francisco. Kelly has already earned nearly $100 from Bubblews since he began using a test version in January. His Bubblews feed serves as a journal about the lessons he has learned in life, as well as a forum for his clothing brand. (AP Photo/Eric Risberg)

SAN FRANCISCO (AP) — Facebook and most other social networks are built on the premise that just about everything should be shared —except the money those posts produce.

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Lawmaker suggests revamping film incentive cap

SANTA FE, N.M. (AP) — Two Democratic lawmakers plan to ask the Legislature to revamp a $50 million annual cap on tax incentives for film and television production in New Mexico.

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With GOP runoff over, Perdue and Nunn face off

David Perdue waves to supporters after declaring victory in the Republican primary runoff for nomination to the U.S. Senate from Georgia, at his election-night party in Atlanta, Tuesday, July 22, 2014. Perdue defeated Rep. Jack Kingston. (AP Photo)

ATHENS, Ga. (AP) — New Republican nominee David Perdue and Democratic opponent Michelle Nunn used the first day of the general election campaign to retool the “outsider” arguments they’ve used to reach this point in a race that will help determine who controls the Senate for the final years of the Obama administration.

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