| Kinder Morgan Energy Partners Increases Quarterly Distribution to $0 ...
HOUSTON, Jan. 16 /PRNewswire-FirstCall/ -- Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $0.92 from $0.88. Payable on Feb. 14, 2008, to unitholders of record as of Jan. 31, 2008, the distribution represents an 11 percent increase over the fourth quarter 2006 cash distribution per unit of $0.83. KMP has increased the distribution 31 times since current management took over in February of 1997. In total, KMP declared cash distributions for 2007 of $3.48 per unit, exceeding its published annual budget of $3.44, and 7 percent higher than declared cash distributions in 2006 of $3.26 per unit. The excess of distributable cash flow before certain items above distributions for 2007 was approximately $40 million. KMP reported record quarterly distributable cash flow before certain items of $242 million, up 21 percent from $200 million for the fourth quarter of 2006.
Clearfield businessman running for Congress
A Clearfield County business owner has announced his candidacy for the 5th District seat in the U.S. House. Derek Walker is seeking the Republican nomination for the position in Congress being vacated by John Peterson. I believe that I have the background and a unique perspective as a result of having been born and raised in Bigler, a small mining village in Clearfield County, and having operated a successful business as well as serving on the boards of a number of community and economic development organizations, Walker said. I understand the challenges facing the people of this region and with hard work I believe that I can improve our future economic prosperity, the candidate added. Walker graduated from Clearfield High School with high honors and earned a Bachelor of Arts Degree in economics from Bucknell University and a Masters in Business Administration from Penn State.
Stocks Fall After Bush Announces Plan
Investors had already pulled back from a big early gain, with the major indexes trading mixed as Bush began to speak. By the time the president finished announcing a plan for about $145 billion worth of tax relief, the indexes were well into negative territory. "It's disappointed in the size of the economic growth package. Wall Street's showing its displeasure," said Kim Caughey, equity research analyst at Fort Pitt Capital Group in Pittsburgh. "Honestly, I think the institutional investors understand the limits to the government's ability to enact economic change." The Dow Jones industrial average, up more than 180 points in morning trading, was down 85.11, or 0.70 percent, at 12,074.10. The Dow plunged 306 points Thursday amid deepening pessimism about the economy.
Local business helps seniors change scenery
Matt Nachtrieb/Staff Photo (L to R) CarolAnne Crossan and Jacki Finley, with A Changing Season, move furniture and other belongings for a client from Sterling House in Denton to Lewisville. This photo is available at www.scntx.com. production/flowermound/datedfolder/01-19/front .
Mercy provides interpreter services
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Businessman Behind Bid For SPL Club Exposed As Pimp
A TYCOON trying to buy an SPL football club can today be exposed as a sleazy pimp luring women into prostitution. Neil MacGregor, 35, claims to be a wealthy ex-SAS officer with a bodyguard firm protecting Hollywood stars. Last week he launched a multi-million pound bid for Inverness Caledonian Thistle after a similar approach to Third Division Elgin City flopped. But we can reveal that MacGregor operates an internet escort agency hiring Scots girls to sell sex in the US porn industry. He was snared after trying to groom a Sunday Mail reporter, posing as a recruit, for a life of vice. Our investigator, who provided a fake CV and photo, agreed to meet MacGregor at Crieff Hydro Hotel in Perthshire but he fled after being confronted.
Administering Pain
One thing that is almost always overlooked in assessing the value and the rewards of a 401(k) plan are the plan administrative fees that are charged to the participants. The largest enemies to your long-term savings through a 401(k) plan are excessive fees by the selected mutual funds. Another set of fees also is circling around your retirement funds, nibbling away at your savings and nearly invisible to the naked eye. These are the fees associated with running the 401(k) plan itself. Participants in 401(k) plans are currently not adequately informed about the fees associated with the day-to-day operational costs of running increasingly more complex plans. These fees include the costs of mailings and other record-keeping, telephone voice response systems, daily valuation services, educational seminars, retirement planning software -- and all the rest of the clutter.
Administering Pain
One thing that is almost always overlooked in assessing the value and the rewards of a 401(k) plan are the plan administrative fees that are charged to the participants. The largest enemies to your long-term savings through a 401(k) plan are excessive fees by the selected mutual funds. Another set of fees also is circling around your retirement funds, nibbling away at your savings and nearly invisible to the naked eye. These are the fees associated with running the 401(k) plan itself. Participants in 401(k) plans are currently not adequately informed about the fees associated with the day-to-day operational costs of running increasingly more complex plans. These fees include the costs of mailings and other record-keeping, telephone voice response systems, daily valuation services, educational seminars, retirement planning software -- and all the rest of the clutter.
Haggerty, MacKenzie star for McGill lacrosse
Unlike high school, when they played lacrosse during the spring season, Teagan Haggerty of Salem and Whitney MacKenzie of Hamilton have gotten used to playing their college lacrosse in the fall, due to the fact that spring comes so late in Canada.
Nevertheless, Haggerty and MacKenzie are coming off of outstanding seasons for McGill University in Montreal this past season.
Haggerty, a junior captain and goaltender, was selected as a Second Team All-Star for the Ontario University Athletic League. A third-year math major, she helped the Martlets finish the year 7-6-3, qualify for the playoffs and made 19 saves in a tough 7-5 loss to Western Ontario University in the playoff quarterfinals.
MacKenzie, who transferred into McGill from William Smith College in New York, contributed to the Martlets' offense as an attack wing.
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