David Long to succeed Ted Kelly as Liberty Mutual chairman

Posted on by

The Liberty Mutual Insurance board of directors today elected David H. Long, 52, chairman of Liberty Mutual Insurance, effective June 28.

Long, who is currently the companys president and chief executive officer, will succeed Edmund F. (Ted) Kelly, 67, who is retiring as chairman and director at the end of June.

Long has served in various leadership positions at Liberty Mutual over his 28-year career with the company. He became president in 2010 and chief executive officer in 2011.

All of us at Liberty Mutual Insurance owe Ted Kelly a tremendous debt of gratitude for his leadership and vision in transforming Liberty Mutual Insurance into the fifth largest global property and casualty insurer, said Long. On behalf of our 50,000 employees worldwide, I wish Ted and his family the very best in the years ahead.

Boston-based Liberty Mutual Insurance, founded in 1912, is a diversified global insurer and the third largest property and casualty insurer in the United States based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance ranks 84th on the Fortune 100 list of largest corporations in the United States based on 2011 revenue. As of Dec. 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.

The insurer employs over 50,000 people in more than 900 offices throughout the world.

Originally posted here:

David Long to succeed Ted Kelly as Liberty Mutual chairman

Liberty Univ. Under Fire for ‘Destructive’ Counseling, Winking at Sexual Immorality on Campus

Posted on by

Lynchburg, Virginia Liberty University is coming under fire following a recent essay released by a former student who shared his story of being a practicing homosexual on campus.

As previously reported, The Atlantic published an essay last week penned by former Liberty student Brandon Ambrosino, outlining his personal experience of life on campus after coming out as a homosexual.

When people find out I underwent therapy at Jerry Falwells Christian college, they assume I went through something like gay reparative therapy. But that isnt what happened, he wrote in the piece, entitled Being Gay at Jerry Falwells University. I saw two counselors at Liberty and neither of them ever expressed an interest in curing me. Did they have an agenda? Yes. Their goal, which they were very honest about, was to help me to like myself, and to find peace with the real Brandon.

Christian News Network contacted Ambrosino to obtain further clarification about his story, and while he advised that he was told by staff that homosexuality is a sin, he declined to comment about the approach of counselors in not seeking to cure him or change his lifestyle.

Another Side to the Story

Karen Swallow Prior

One of Ambrosinos former professors told Christian News Network that to her knowledge, Liberty University does not use reparative therapy as an approach.

As I understand it, this is not the form of counseling used by those at LU who counseled Brandon, stated English professor Karen Swallow Prior, who maintains a friendship with Ambrosino. Prior was the first to suggest that the student talk with a counselor on campus, and directed him to Dr. Kenneth Reeves, who Ambrosino outlined sought to help [him] to like [himself], and to find peace with the real Brandon.

When asked about her role and response in the matter, Prior explained that while she [u]ndoubtedly and repeatedly in love told Ambrosino that homosexuality is a sin, she is unsure whether a person who willfully lives a homosexual lifestyle will go to Heaven when they die.

I do not know, she replied. But I do know that I believe the words of Mark 3:28-30.

View post:

Liberty Univ. Under Fire for ‘Destructive’ Counseling, Winking at Sexual Immorality on Campus

Liberty Media Corporation to Hold Annual Meeting of Stockholders

Posted on by

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Media Corporation (Nasdaq: LMCA, LMCB) will be holding its Annual Meeting of Stockholders on Tuesday, June 4, 2013, at 10:45 a.m., Mountain Time, at the corporate offices of Starz, 8900 Liberty Circle, Englewood, Colorado 80112. The record date for the meeting is 5:00 p.m., New York City time, on April 10, 2013. At the meeting, Liberty Media Corporation may make observations regarding the companys financial performance and outlook.

The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at http://www.libertymedia.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.

About Liberty Media

Liberty Media owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries SiriusXM, Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.

More here:

Liberty Media Corporation to Hold Annual Meeting of Stockholders

Liberty Mutual Insurance Elects David H. Long Chairman; Edmund F. (Ted) Kelly to retire

Posted on by

BOSTON--(BUSINESS WIRE)--

The Liberty Mutual Insurance Board of Directors today elected David H. Long, 52, Chairman of Liberty Mutual Insurance, effective June 28, 2013. Mr. Long, who is currently the companys President and Chief Executive Officer, will succeed Edmund F. (Ted) Kelly, 67, who is retiring as Chairman and Director at the end of June.

Mr. Long has served in various leadership positions at Liberty Mutual over his 28-year career with the company. He became President in 2010 and Chief Executive Officer in 2011.

All of us at Liberty Mutual Insurance owe Ted Kelly a tremendous debt of gratitude for his leadership and vision in transforming Liberty Mutual Insurance into the fifth largest global property and casualty insurer, said Mr. Long. On behalf of our 50,000 employees worldwide, I wish Ted and his family the very best in the years ahead.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.

Read more:

Liberty Mutual Insurance Elects David H. Long Chairman; Edmund F. (Ted) Kelly to retire

Fitch Affirms Liberty Mutual's Ratings; Outlook Revised to Stable

Posted on by

CHICAGO--(BUSINESS WIRE)--

Fitch Ratings has affirmed Liberty Mutual Group Inc.'s (LMG) Issuer Default Rating (IDR) at 'BBB'. Additionally, Fitch has affirmed LMG's insurance operating subsidiaries' (collectively referred to as Liberty Mutual) Insurer Financial Strength (IFS) ratings at 'A-'. The Rating Outlook is revised to Stable from Positive. (A full list of rating actions follows at the end of this release.)

KEY RATING DRIVERS

LMG's ratings are based on the company's established and sustainable positions in its chosen markets, benefits derived from the company's multiple distribution channels, adequate capitalization and financial performance.

The revision in the Rating Outlook represents a lack of progress in several key credit metrics including combined ratio, capitalization and reserve development since the Positive Outlook was established in December 2011. The potential improvements Fitch anticipated at that time have not materialized. In addition, the company's score on Fitch's capital model Prism is somewhat low for the current rating, at 'Adequate'.

LMG's consolidated GAAP combined ratio for 2012 was 104.7%, an improvement over the previous year's 107.4%, but higher than the prior three year average of 100.4%. The results for the most recent years were negatively impacted by above average catastrophe losses. Hurricane Sandy caused about $1.1 billion in gross losses and $866 million in net losses on a pre-tax basis accounting for 2.7 pp for full year 2012 combined ratio.

Over the past several years, the unfavorable margin in underwriting results between Liberty Mutual and those of its peers have reduced particularly on an accident year basis. However, Liberty Mutual's underwriting results still lag those of higher rated peers.

Fitch believes that LMG's capital position provides an adequate cushion against the operational and financial risks the company faces, but that metrics are weaker than most companies of its size and scale. In 2012, LMG's ratio of GAAP net written premium to adjusted shareholders equity was considerably higher than peers at 2.0x., an increase from 1.9x in 2011. A modest decline in adjusted shareholders equity in 2012 was driven by an increase in the pension liability, and several one-time charges related to debt extinguishment and restructuring charges offset by core operating earnings and realized investment gains.

As noted, Liberty Mutual's Prism score was 'Adequate' based on year-end 2011 financials and Fitch anticipates that full year 2012 results will remain in the 'Adequate' range. In particular, Liberty Mutual's Prism results are adversely impacted by quality of capital and higher operating and reserve leverage and helped by material unrealized capital gains in the bond portfolio. These gains are included in Fitch's base Prism score. Fitch notes that improvement under this measure of capital could be a catalyst for future positive rating pressure. A Prism score of 'Adequate' is viewed as a 'BBB' ratings standard.

LMG's financial leverage ratio at Dec. 31, 2012 was 28.9%, up from 26.6% at the prior year-end. Fitch notes that while earnings based interest coverage improved to 2.2x at year end 2012 up from prior years 1.3x; however, both results remain below Fitch's long term expectation of 5.0x.

Excerpt from:

Fitch Affirms Liberty Mutual's Ratings; Outlook Revised to Stable

Liberty Interactive Corporation to Hold Annual Meeting of Stockholders

Posted on by

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Interactive Corporation (Nasdaq: LINTA, LINTB, LVNTA, LVNTB) will be holding its Annual Meeting of Stockholders on Tuesday, June 4, 2013, at 10:00 a.m., Mountain Time, at the corporate offices of Starz, 8900 Liberty Circle, Englewood, Colorado 80112. The record date for the meeting is 5:00 p.m., New York City time, on April 10, 2013. At the meeting, Liberty Interactive Corporation may make observations regarding the companys financial performance and outlook.

The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Interactive Corporation website at http://www.libertyinteractive.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.

About Liberty Interactive Corporation

Liberty Interactive Corporation operates and owns interests in a broad range of digital commerce businesses. Those interests are currently attributed to two tracking stock groups: Liberty Interactive Group and Liberty Ventures Group. The Liberty Interactive Group (Nasdaq: LINTA, LINTB) is primarily focused on digital commerce and consists of Liberty Interactive Corporations subsidiaries Backcountry.com, Bodybuilding.com, Celebrate Interactive (including Evite and Liberty Advertising), CommerceHub, MotoSport, Provide Commerce, QVC and Right Start, and Liberty Interactive Corporations interests in HSN and Lockerz. The Liberty Ventures Group (Nasdaq: LVNTA, LVNTB) consists of Liberty Interactive Corporations interests in TripAdvisor, Expedia, Interval Leisure Group, Time Warner, Time Warner Cable, Tree.com (Lending Tree), AOL and various green energy investments.

More:

Liberty Interactive Corporation to Hold Annual Meeting of Stockholders

Liberty Tire Recycling, NASCAR Green partner

Posted on by

DAYTONA BEACH, Fla. -- As part of NASCAR Race to Green, a month-long, industry-wide effort to reduce the sport's carbon footprint, NASCAR and Liberty Tire Recycling announced today a new partnership that designates the tire recycling services provider as the Official Tire Recycler of NASCAR Green.

NASCAR has the largest recycling program in sports, including a comprehensive effort that accounts for approximately 120,000 Goodyear tires recycled across NASCAR's top three national series each year. Liberty Tire Recycling will join other Official NASCAR Green partners, which comprise a comprehensive recycling program, including Coca-Cola, MillerCoors, Creative Recycling, Goodyear, Safety-Kleen, and Sprint.

"By recycling more than 140 million tires annually, we reclaim nearly 1.5 billion pounds of rubber for innovative, eco-friendly products," said Thomas Carter, Liberty Tire Recycling vice president of alternative fuels. "We look forward to enhancing NASCAR Green's best-in-class recycling program by keeping its discarded tires out of landfills and transforming them into smart, sustainable products that improve people's lives."

In conjunction with the NASCAR Green Clean Air Tree Planting Program? Delivered by UPS, an initiative that will neutralize the carbon emissions of all of the racing in NASCAR's three national series, Liberty Tire Recycling will provide GroundSmart Mulch?that will enhance the landscaping of trees that are donated to areas of need throughout the country. The rubber mulch lasts longer than its wood mulch counterpart and prevents soil from washing away. Additionally, Liberty Tire Recycling products, such as rubberized asphalt will be used to repave racetracks and parking lots at NASCAR Home Track racetracks across the country.

"Adding the nation's premier tire recycling company to our group of Official NASCAR Green Partners will further enhance NASCAR's position of leadership in sustainability across all sports," said Jim O'Connell, NASCAR chief sales officer. "Liberty Tire Recycling has positioned itself as a leader in tire recycling innovation and we are pleased to work towards a common goal of reducing the environmental impact of our sport."

Liberty Tire Recycling will join the NASCAR Fuel for Business Council, which brings together an exclusive group of more than 55 Official NASCAR Partners to get more out of their sponsorships, specifically bringing together partners four times a year to buy and sell products and services. This environment offers the unique opportunity for many Fortune 500 companies to bypass the time and layers of corporate coordination that may exist and construct customized deals to help address specific business needs.

About NASCAR The National Association for Stock Car Auto Racing, Inc. (NASCAR) is the sanctioning body for the No. 1 form of motorsports in the United States. NASCAR consists of three national series (the NASCAR Sprint Cup Series, NASCAR Nationwide Series, and NASCAR Camping World Truck Series), four regional series, one local grassroots series, three international series and GRAND-AM Road Racing and the American Le Mans Series, both known for competition on road courses. Based in Daytona Beach, Fla., with offices in eight cities across North America, NASCAR sanctions more than 1,200 races in more than 30 U.S. states, Canada, Mexico and Europe. For more information, visit http://www.nascar.com and follow NASCAR at http://www.facebook.com/NASCAR and Twitter: @NASCAR.

About Liberty Tire Recycling Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims about 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a network of processing plants and comprehensive door-to-door collection services. For more information visit http://www.LibertyTire.com. ___________________________________________________________________________________________

Comments are currently unavailable. We're working on the development of a NASCAR fan forum ? please stay tuned.

Original post:

Liberty Tire Recycling, NASCAR Green partner

Liberty Star’s Hay Mountain Project Update: ZTEM

Posted on by

TUCSON, Ariz.--(BUSINESS WIRE)--

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (OTCQB: LBSR) is pleased to announce geophysical contractor Geotech Ltd.(Geotech) has proposed a money saving program of fixed wing aircraft (vs helicopter) borne ZTEM geophysical surveys over the Hay Mountain target and the Tombstone Super Project in Cochise County, Arizona.

Geotech geophysicists are currently adjusting flight lines and preparing a new bid for the ZTEM survey which the Company hopes to fly as soon as possible, possibly by the end of the month.

Other Hay Mountain news:

Comments CEO/Chief Geologist Jim Briscoe: While we would like to move even faster on our Hay Mountain project it is clear we are progressing toward drilling. ZTEM electromagnetic (EM) studies are essential to a modern, efficient drilling program in the porphyry copper-caldera setting and I believe the surveys will identify strong porphyry copper and associated metals targets. Should we obtain adequate funding, the process can continue quite soon.

About Hay Mountain, Southeast Arizona

The Hay Mountain block of theTombstone Super Project(Cochise County, Arizona) consists of 57 unpatented federal lode mining claims in addition to 15 Arizona State Mineral Exploration Permits (MEPs). MEPs are the first step in completing an Arizona State Land Mining Lease. The Company has completed the required assessment work to hold the MEPs. This land position covers a geologically, geophysically and geochemically indicated, completely covered, porphyry copper-moly-silver-gold, and rare earth elements mineral center. One major target within the Hay Mountain claim block is defined along with four other smaller targets. Liberty Star has recently discovered a large intrusion indicated by an aerially extensive low flight level magnetic survey under and partially exposed in and around the Tombstone caldera (NR 129). Mineralization is clearly associated with this intrusive body.

Regarding new guidance SEC Regulation FD

Liberty Star will use Facebook and Twitter to announce key information in compliance with Regulation FD: Washington, D.C., April 2, 2013 The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information. http://www.sec.gov/news/press/2013/2013-51.htm

James A. Briscoe James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.

Follow this link:

Liberty Star’s Hay Mountain Project Update: ZTEM

Libertarian Party presidential candidate Gary Johnson speaks at UNM about federal spending, debt

Posted on by

news@dailylobo.com

Former New Mexico governor and 2012 presidential candidate for the Libertarian Party Gary Johnson believes that the U.S. should cut a whopping 30 percent of its federal spending.

Johnson, a UNM alumnus, said in a speech in Woodward Hall on Monday that the government should cut or eliminate funding for dysfunctional sectors for a more efficient system. He said the country should be more mindful of its budget.

Money for me has always represented one thing, which is freedom, Johnson said. The government doesnt have the answers. The government ends up being more of a problem than of a solution.

The event, which was part of Johnsons Our America Initiative, was sponsored by The Federalist Society of UNM and the Sigma Alpha Epsilon fraternity.

Johnson said that instead of imposing income and corporate taxes, the government should implement a fixed 28 percent consumption tax on the entire nation. He said this will give people more control of their money, and it will be harder for people to avoid paying their taxes. He said he also would abolish the IRS, which he said gets unnecessary federal funding.

Johnson proposed that the federal government should have an annual audit of expenses to make sure that every dollar it spends goes to the right place.

Johnson said he wants to dissolve the departments of homeland security and of education because they are inefficient. He also said he wants to slash military funding.

We need to stop with our military interventions, he said. That seems to be our answer for everything. We dont have a department of defense; we have a department of offense. Were killing innocent civilians in other countries and were wondering why the world doesnt like us.

Jim Gray, who ran for vice president alongside Johnson last year, also spoke at the event. Gray said the U.S. has about 1,000 military bases around the world, and that the federal government could eliminate 80 percent of them to operate more efficiently.

See the original post here:

Libertarian Party presidential candidate Gary Johnson speaks at UNM about federal spending, debt

Will The Future GOP Be More Libertarian?

Posted on by

Sen. Rand Paul, R-Ky., shown speaking at a meeting of the U.S. Hispanic Chamber of Commerce on March 19, is promoting libertarian ideas as a way the Republican Party can be more inclusive.

Sen. Rand Paul, R-Ky., shown speaking at a meeting of the U.S. Hispanic Chamber of Commerce on March 19, is promoting libertarian ideas as a way the Republican Party can be more inclusive.

Republicans don't often make high-profile speeches at Howard University, one of the country's most prominent historically black schools. But on Wednesday, Kentucky Sen. Rand Paul will talk to Howard students about how his party can be more inclusive.

Paul believes one answer is libertarianism and party leaders are starting to think he might be on to something.

When Paul's father, former Texas Rep. Ron Paul, ran for president in 2007, the Republican establishment treated him a bit like the wacky uncle in the family. In the middle of two expensive wars, Ron Paul's libertarian ideas of small government and personal freedom didn't really align with party leaders.

"They don't stand for these ideals anymore," Ron Paul said on NBC's Meet the Press. "I represent the Republican ideals, I think, much more so than the individuals running for the party right now."

Over the next several years, Americans grew tired of war. The economy tanked. The debt grew. President Obama's stimulus and health care programs ballooned the size of government.

All of that opened Americans up to more libertarian ideas. In 2010, Ron Paul's son Rand won election to the Senate as a Republican on what he called a "Tea Party tidal wave."

"We've come to take our government back!" he said.

A Libertarian Moment

Read more:

Will The Future GOP Be More Libertarian?

Islands of Adventure Complete Walkthrough at Night – Universal Orlando Resort Florida HD – Video

Posted on by


Islands of Adventure Complete Walkthrough at Night - Universal Orlando Resort Florida HD
Take a complete walkthrough video tour of Islands of Adventure at the Universal Orlando Resort in Orlando, Florida. In the video once we enter the park we tu...

By: PopSong1

Excerpt from:

Islands of Adventure Complete Walkthrough at Night - Universal Orlando Resort Florida HD - Video

Islands of Adventure – Storm Force Acceleration at Night POV – Universal Orlando Resort HD Florida – Video

Posted on by


Islands of Adventure - Storm Force Acceleration at Night POV - Universal Orlando Resort HD Florida
Take a POV (point of view) ride on Storm Force Acceleration at night at Islands of Adventure at the Universal Orlando Resort in Orlando, Florida. This was a ...

By: PopSong1

Go here to read the rest:

Islands of Adventure - Storm Force Acceleration at Night POV - Universal Orlando Resort HD Florida - Video

Cockpit view – Faroe Islands – AVRO – Takeoff – Waterfall departure [WATCH IN HD] – Video

Posted on by


Cockpit view - Faroe Islands - AVRO - Takeoff - Waterfall departure [WATCH IN HD]
COCKPIT view from an Avro RJ85 Take offf at Vagar airport Faroe Islands. THE WATERFALL DEPARTURE This is taken with a GoPro3 installed out of sight in the co...

By: Thomas Bo Petersen

See the article here:

Cockpit view - Faroe Islands - AVRO - Takeoff - Waterfall departure [WATCH IN HD] - Video