Correa, who had vowed to jump-start the sector, said thedecree issued by a government-controlled assembly was meant tobring order to an industry in disarray. Smaller mining companies with operations in Ecuador havestruggled since then to secure financing, pushing some to leavethe country or sell assets to larger miners. MASS CONFISCATION: Police and military in August seizedhundreds of companies owned by a powerful business groupbecause of a debt dispute with the state. The takeoversincluded two national broadcasters that are still undergovernment control.
Correa said the seizures aimed to recover millions ofdollars the state used to rescue a bank owned by theconglomerate during a financial crisis in the late 1990s.Ecuadoreans, many of whom lost their life savings during thecrisis, widely backed the move.But the mass confiscation led to the resignation of FinanceMinister Fausto Ortiz, a Wall Street favorite. EXPULSION OF BUILDER: Correa in September sent troops toexpel top Brazilian constructor Odebrecht and seize projectsworth $800 million because of a contractual row. The expulsion fueled tensions with Brazil, one of the OPECnation's key sources of financing. Correa filed an international lawsuit to halt payments of aBrazilian loan linked to Odebrecht, prompting Brazil tothreaten to limit further financing to the Andean country. For the main story, click on [ID:nN18231988] (Reporting by Alonso Soto; Editing by Marguerita Choy) Bonds Brazil.
HARRISBURG, Pa., June 18 /PRNewswire-USNewswire/ -- The head of a MercerCounty-based company has been named co-chair of the public/privateorganization that works to make Pennsylvania a leader in economic development,Governor Edward G. Rendell announced today.Karen Winner, CEO of Winner International LLC in Sharon, will represent theprivate industry sector on the Team Pennsylvania Foundation Board of Directorsand will serve a three-year term beginning July 1. Governor Rendell serves asthe public-sector co-chair of the organization."Karen Winner will build on the many successes of the foundation and work toexpand its strategic vision to further advance economic development across thestate," Governor Rendell said. "The Team Pennsylvania Foundation is anintegral partner in our work to enhance the state's competitiveness." "I look forward to continuing the rich tradition of representing the interestsof the business community across Pennsylvania as the co-chair of the TeamPennsylvania Foundation Board of Directors," Winner said.
Winner will replace Wendie DiMatteo Holsinger, the CEO of ASK Foods Inc. inPalmyra.The Governor said Team Pennsylvania enjoyed many accomplishments underHolsinger, including aiding the Governor's Action Team in securing andcreating new jobs at Westinghouse in western Pennsylvania; helpingalternative-energy companies Gamesa and Conergy locate in Pennsylvania;winning enactment of the earned income tax collection law; and creating thePennsylvania STEM Initiative. As part of its restructuring, the foundation's board also named James Bloom ofEgan Bloom & Associates LLC, Plymouth Meeting, as its treasurer.Team Pennsylvania Foundation is a unique, public/private partnership thatinitiates and supports innovative opportunities to improve Pennsylvania'seconomic competitiveness and prosperity. Its support results in innovationthat drives entrepreneurial spirit, improves and strengthens the state's workforce and contributes to a growing and vibrant Pennsylvania economy.The Rendell administration is committed to creating a first-rate publiceducation system, protecting our most vulnerable citizens and continuingeconomic investment to support our communities and businesses. To find outmore about Governor Rendell's initiatives and to sign up for his newsletter,visit Mentzer, Team PA717-233-1375Michael Smith717-783-1116SOURCEPennsylvania Office of the GovernorJames Mentzer of Team Pennsylvania, +1-717-233-1375; or Michael Smith of thePennsylvania Governor's Office, +1-717-783-1116. "Our success at the NetWorld event issimilar to that from the earlier Palo Alto Interop Event, but on a widerscope." "Participating companies from multiple global locations demonstratedinteroperability between different PHY layers while continuously updating theservers.Of particular interest to visitors at the NetWorld event was thatIPv6 stacks can run in such small embedded devices," Mr. Mulligan added."Everything just worked," noted Niels Thybo Johansen, Vice President ofResearch & Development at Sigma Designs.
"Absolutely," added Eric Gnoske, Colorado Springs Wireless ApplicationsManager at Atmel. IPSO Alliance membership is open to anyorganization advocating an IP-based approach to connecting smart objects. Formore information, visit http:// Paul Shekoski, 815-245-1589, SOURCEIPSO AlliancePaul Shekoski, +1-815-245-1589, . CHICAGO, June 18 (Reuters) - Personal income taxes, a keyrevenue generator for most U.S. states, plummeted 26 percent,or $28.8 billion, in the first four months of 2009 compared tothe same period in 2008, according to a Rockefeller Instituteof Government report on Thursday. Bonds "As we predicted in a previous report, tax returns on 2008income that were filed in April show huge declines, likely dueto stock market-driven declines in investment income anddeclines in bonus payments," Institute Senior Fellow Donald J.Boyd, the report's co-author, said in a statement.