Wednesday, September 7, 2011

What's in The News Today

Yahoo fires CEO Carol Bartz. She was not able to convince investors that she could mainstream Yahoo. She had setbacks with the online search partnership with Microsoft Corp. and Chinese Internet giant Alibaba Group and it was a major downfall for her and the company. Yahoo has fallen behind by the times and has been replaced with Google and Facebook.

Fox News. (September 6, 2011). Yahoo Fires CEO Carol Bartz. Retrieved September 7, 2011, from    http://www.foxnews.com/scitech/2011/09/06/yahoo-ceo-carol-bartz-no-longer-with-company/


A Russian jet crashed killing a Hockey Team. The local team crashed shortly after take off and killed 43 people. The ice hockey team "Lokomotiv" from Yaroslavi was traveling to Minsk. The weather was not a factor and the skies were clear. One player survived Alexander Galimov and one crew member.

FOX News. (September 7, 2011). Russian Jet Carrying Hockey Team Crashes, 43 Dead. Retrieved September 7, 2011, from http://www.foxnews.com/world/2011/09/07/36-dead-in-russian-airliner-crash/

Governor Snyder of Michigan signs a 4 year-cap to collect government assistance. The governor signed a legislation that welfare assistance will end after recipients have reached 48 months. The law will be effective on October 1. Families will still be able to have Medicare coverage, food stamps, job training and searches. This will save tax payers $65 million in the upcoming fiscal year.

Pluta R. ( September 6, 2011). Gov. Snyder changes welfare in Michigan, signs four-year cash assistance cap. Michigan Radio.  Retrieved September 7, 2011, from http://www.michiganradio.org/post/gov-snyder-changes-welfare-michigan-signs-four-year-cash-assistance-cap

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