FRIDAY, JUNE 2, 2006
Friday Edition: Congressional Travel Report Coming Monday
The Center for Public Integrity is going to release a
big investigation into Congressional travel on Monday. There almost
certainly will be local stories in there for many of you. The CPI said:
On Monday, June 5, American Public Media's Marketplace and American RadioWorks, Northwestern University's Medill School, and
the Center for Public Integrity will launch "Power Trips," an extensive
investigation of privately sponsored travel by members of Congress and
their aides. The findings -- based on an analysis of more than 25,000
travel disclosure documents -- will reveal that Congress and staff took
thousands of trips, worth millions of dollars, to destinations around
globe.
The Center will stream the results of the investigation live on www.publicintegrity.org.
The Center has organized these records by congressional office, trip
destination, trip cost and trip sponsor. Journalists are encouraged to
contact the Center to find specific information for localized stories
or to obtain general information on our report. Please contact, Sam
Stein, Press Secretary, sstein@publicintegrity.org
This is an example of American RadioWorks' 2004 study on congressional travel, which allowed users to pull up the travel records of individuals within the House and Senate.
There is another way you can look up this information -- and that is by looking at the personal financial disclosure information that members of Congress must post each May. You can go to OpenSecrets, look up a member of Congress, click on "personal finances" (lower left side of the page) and see lots of detailed information.
Pre-Fab and Mobile Homes Hot
In the great circle of life, when home sales are soft, mobile home sales rise. BusinessWeek reports:
Demand for
manufactured homes -- built in factories and transported to sites -- has
been brisk since Hurricane Katrina hit last August. The government has
paid almost $900 million for about 25,000 mobile and modular homes to
provide dislocated residents roofs over their heads while they rebuild.
But the industry's growth spurt isn't just disaster-related:
Affordability is driving orders as well. And that's bad news for the
rest of the housing industry, says Barbara Allen, first vice-president
with Avondale Partners, a Nashville-based investment bank. She says
housing starts, or the number of residential building projects begun,
and the number of manufactured housing units sold have tended to move
in opposite directions since the 1970s, but especially since the
mid-'90s.
"It's countercyclical," agrees Paul Nouri, equity analyst with New York research shop Sidoti & Co.
Why do gains in the
manufactured housing industry come at the expense of the larger housing
market? Prefab homes are 10 percent to 25 percent cheaper than traditional
"stick-built" homes, not including land. "You're seeing the people who
missed out on the housing boom buying smaller houses," says Ivan
Feinseth, director of research for MatrixUSA, an institutional research
and brokerage firm in New York.
The New York Times also has a story on the uptick of interest in mobile-home company stocks. The story added:
Since 1976, most
homes have been required to meet strict certification standards from
the Department of Housing and Urban Development that focus on design
and construction, strength and durability, transportability and fire
resistance, among other things. The HUD code also sets performance
standards for the heating, plumbing, air-conditioning, thermal, and
electrical systems.
Many manufactured units, [Thomas] Beers, [vice president for economics at the Manufactured Housing Institute] says,
are often indistinguishable from stick-built housing. They can have
pitched roofs, vaulted ceilings and myriad amenities like fireplaces,
porches and spas. Two-story versions are also available. "Really," he
said, "the sky's the limit."
The Danger of Taking Work Home
MSNBC's very smart Red Tape Chronicles
makes a strong argument for leaving work at the office.
When employees
take work home on their laptops, they open systems up to the kind of
data loss that the Veterans Administration and even some financial
institutions have had to face. Businesses spend megabucks trying to
protect their office data, but one errant laptop can ruin it all. Fifteen percent of workers -- about 20 million of us -- takes work home every day, the Bureau of Labor Statistics says.
The Red Tape Chronicles column makes the argument that, soon, businesses
may find it is not worth the risk -- they will begin to enforce the "don't take it
home" rule. In addition, in the process, workers might get their lives
back.
Alpacas: The New Big-Money Farming Fad
A decade or so ago, you might recall, everybody and their uncle was raising ostriches and emus. Now, watch for alpaca farming. Poynter's St. Petersburg Times
produced an interesting story about folks who are paying megabucks for
breeding stock. They call it "an investment they can hug." Here is a huge list of alpaca ranchers around the country. (It takes a few seconds to load; be patient.)
The St. Petersburg Times story said:
Alpacas are native to the highlands of Peru,
where for centuries people have domesticated them, sheared their
luxurious fleece and sold it for top dollar. They were commercially
imported in 1984, and today there are more than 80,000 alpacas in the
United States and more than 800 in Florida, according to the Alpaca Registry International.
That number is growing as more and more Floridians leave the fast life
behind and take an interest in these funny-looking relatives of the
llama.
New farms are popping up from Tallahassee to Miami. Most are in the
central part of the state; the North Suncoast is home to more than a
dozen.
Why? Alpaca fleece
is warm, hypoallergenic and flame-resistant, used in pricey designer
sweaters, scarves and socks sold at Bloomingdale's and Burberry. The
best-bred alpacas sell for hundreds of thousands of dollars -- well
above traditional livestock prices. And they're cute.
Although, they do spit when they're angry.
Critics say alpacas are just the latest farming craze without a
financial foundation to back up the boom, like ostriches and emus
before them. But owners of alpacas say that in a state agricultural
market traditionally dominated by cattle and citrus, these fleecy faces
are here to stay.
We are always looking for your great ideas. Send Al a few sentences and hot links.
Editor's Note: Al's Morning Meeting is a compendium of ideas,
edited story excerpts and other materials from a variety of Web sites,
as well as original concepts and analysis. When the information comes
directly from another source, it will be attributed and a link will be
provided whenever possible. The column is fact-checked, but depends
upon the accuracy and integrity of the original sources cited. Errors
and inaccuracies found will be corrected.
Posted at 12:20:42 AM
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