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    Develop Your Leadership Styles and Skills
    What is it that has set the great leaders and entrepreneurs of the world apart from the rest of the world? You know what I’m talking about- the truly remarkable ones that have made their mark on the world. Sam Walton didn’t create the Wal-Mart Empire overnight, and he certainly didn’t do it alone. He had a group of quality employees working for him, a group that both respected and admired Mr. Walton and of his accomplishments. He is a prime example of possessing the right leadership styles and skills to get the job done, and created and kingdom in the process.Of course, success means different things to different people; therefore the personal definition of leadership must also be different. The dictionary lists the word “leadership” as the ability to or the activity of leading. Ronald Reagan, one of the most respected presidents that the United States ever had (with one of the highest approval ratings to boot), watched a nation suffer with double digit unemployment for years. Napoleon was a great leader, and so was Attila the Hun, but neither of them was liked very much by those they led, but were either respected or frightened into following as they did. “Ruling with an iron fist” is what these gents did best, but this means demanding respect as a form of leadership is not the best way for everyone. You need to find what will work best for you, your needs and your goals. The big trick is to find them.We’ve all heard the proverbs like “There is no “I” in T-E-A-M” and “We can’t Spell “SUCCESS” without “U”. Motivational speakers around the globe are always speaking of believe, conceive, and ach
    mulates faster due to cold temperatures and changes in barometric pressure.

    In addition, Sago did not keep a rescue team on site, like a good many operations due. And speculation of the delay in getting a team together was further hampered by federal and state workers who would normally be available, were not since January 2nd was an observed Monday holiday following New Year’s Day. Since Sago chose to open knowing that it was a state and federal holiday it may have put its crews at unnecessary risk, as it took 11 hours for a rescue team to be assembled. That will also be examined by the several investigations already having been announced.

    The MSHA will conduct its own investigation, and West Virginia Governor, Joe Manchin, III, has hired former Director of MSHA under President Clinton, J. Javitt McAteer, to be special advisor to the investigation for the state of West Virginia. The White House will lodge another investigation with requests by Senators and the House Representatives calling for hearings on Sago as well as on mine safety.

    Similar to the discovered cuts in the funding of levee maintenance after Hurricane Katrina hit New Orleans, funding for MSHA for 2006 was cut $5 million from 2005. The agency also has seen a decrease of 170 staffers since 2001. Also, 17 proposed standards to further protect miners’ safety and health were denied by MSHA. The entire budget for MSHA for 2006 is $280 million. It is expected that its appropriations will be reviewed.

    Senator Robert Byrd (D-WVA) has announced that the first Congressional hearing on the Sago Mine will be held on January 19, 2005, which will include federal and state mine safety officials, labor and business representatives as well as academic experts in mine safety testifying. Senator Ted Kennedy (D-MA) as well as Senator Jay Rockefeller (D-WVA) have also called for a series of Senate hearings on the broader issues impacting mine safety. Representative George Miller (D-CA) and ranking member of the House Education and Workforce Committee has requested all documents relevant to the Sago mine disaster from Labor Secretary, Elaine Chao. Rep. Miller expects to hold hearings after the Senate hearings. No reports for any of the investigations, however, are expected before July 2006.

    The Government Accountability Office in 2003 found that over the past decade, inspectors had

    Top 5 Office Supplies Bought Online
    Unless you’ve been living under a rock for the last few years, you’re well aware of the online-shopping craze that’s sweeping the country! From rare books and CDs, to cars and vacations, shopping for unusual items and oddities has been simplified with just a click of a mouse with the Internet’s virtual shopping malls. But what about the latest trend- the one about shopping for your “not so atypical” office supplies online? What exactly are your peers and competitors shopping for online, saving both time and fuel in the process? To aid you in your quest, we’ve compiled a list of the “top 5 office supplies shopped for online”.1. Office Planners and Calendars- Organization is key to productivity. Having all of your employees on the same page is another factor of success.2. Janitorial Supplies- From cleaning aids to paper supplies, no one wants the task of replenishing these items even though they are reimbursed for them. By adding a few items to your online office supply-shopping list each week, no one will ever have to be responsible for this dreaded task again.3. Mailing Supplies- Postal supplies are critical to any company. The ability to purchase large, resealable envelopes for office to office usage, plus postal tubes and other specialty mailing supplies in one location without a catalog is priceless. Postal scales and labels are also important, as they can save money and time in the process.4. Paper- Copy, inkjet, laser, business cards, personalized stationary – you name it. It always seems as though your local shop is out of the one you’re in need of, doesn’t it? Online sh
    West Virginia was the second largest producer of coal in the United States in 2005, producing 160 million tons or 13% of total production, while Wyoming was number one, producing 380 million tons, approximately 35% of the nation’s total coal production. However, the coal produced by West Virginia is more in demand than that which is produced in western states as it is considered a cleaner burning coal.

    With demand for alternative energy sources in the U.S. at an all time high, the price of coal doubled over the past two years, as natural gas and oil prices have sky rocketed with supplies diminishing, especially in the wake of Hurricane Katrina in the Gulf of Mexico in August of 2005. The Gulf produces nearly 40% of the nation’s natural gas and refines nearly 30% of the nation’s oil and is still hampered by the storm’s devastation. In 2006, coal is expected to provide over 50% of the energy necessary for U.S. electric utilities and speculators expect the future of the coal industry to extend its growth over the next decade, returning to its rate of production prior to the 1970’s.

    The tragedies of the 2005 hurricane season along the Gulf Coast as well as the subsequent flooding of New Orleans, LA served to expose flawed emergency services systems on all levels of government in addition to failed levee maintenance. Victims who endured Hurricane Katrina and Hurricane Rita as well as several other storms in Louisiana, Mississippi, parts of Texas as well as Florida, have been promised that government and its respective agencies would be examined and mistakes made would be corrected. Yet it remains to be seen if proper funding oversight will be followed through or if indeed lessons will be learned.

    Similarly, the mining explosion of Sago Mine in Tallmansville, WVA, in which 12 miners lost their lives on January 2, 2006, with one surviving miner who still remains in a coma as of a week later, will be steeped in paperwork and months of several independent investigations, including federal and state hearings. While it would appear that running a mining operation is fairly straight forward, the fact that the work in this underground mine is done 25 stories below the surface of the earth, makes it ripe for facts to be less than forthcoming. But maybe the legacy of the tragedy of Sago will unveil the real cost of the purchase of mining operations in the 21st century, by investors with little or no interest in the history of mining or its real inherent risks.

    The evolution of mining technology as well as the work of the United Mine Workers Association (UMWA) has led the way for miners’ safety rights vastly improving the lives of miners throughout the U.S. The UMWA was largely responsible for the advent of the Federal Coal Mine Health and Safety Act of 1969, known as the Coal Act, which established health and safety standards for miners both in underground and above-ground mines. The Bureau of Mines was given the power to levy fines and criminal penalties on mines in violation of the law. In addition, free chest x-rays were available for underground miners as well as a compensation fund.

    The Coal Act was amended in 1977 in what is now known as the Federal Mine Safety and Health Act, or the Mine Act, which is the prevailing legislation today. The Mine Act helped strengthened the Coal Act with better enforcement of its statutes and combined federal safety and health regulations for all mines, coal and non-coal, under the same piece of legislation. In addition, a new agency within the Department of Labor, known as the Mine Safety and Health Administration (MSHA) was established with a director appointed by the president of the U.S.

    The UMWA was founded in Columbus, OH in 1890 with the merger of the Knights of Labor Trade Assembly No. 135 and the National Progressive Union of Miners and Mine Laborers. Its initial constitution “barred discrimination based on race, religion, or national origin.” It was a leader in fighting racism and ethnic discrimination before the turn of the 20th century. Also included in their early fights, the UMWA fought for the 8-hour day in 1898, followed by collective bargaining rights in 1933, health and retirement benefits in 1946 and the eventual health and safety protections resulting in federal legislation in 1969.

    And perhaps most important to the UMWA’s accomplishments was its plowing the way for the National Industrial Recovery Act, which granted workers the right to form unions and bargain collectively with their employers. And after the success of organizing the nation’s coal miners, the UMWA extended its work to the steel and auto industries in order to help those workers organize.

    While fatalities in the mines have fallen significantly over the past century and working conditions improved, by the 1980’s many of the smaller mines went out of business, with more nuclear power plants coming online and the with the oil crisis of the 1970’s supposedly over. Coal became less of a necessity. Many mines which remained opened decided to hire only non-union personnel. With fewer jobs available in rural communities, workers became willing to forego union benefits and guaranteed pension plans. They sacrificed the transparency with management regarding safety concerns which the union provided them and without fear of retribution.

    Today, according to Cecil E. Roberts, President of the UMWA, only 32-35% of all mines are union shops. With the majority of today’s miners comprised of an aging workforce in their late 40’s and 50’s facing retirement, cash bonuses and higher salaries are luring the next generation, now in their 20’s. In the past 20 years as mines shut down and union-busting was rampant, workers were headed to other cities for more lucrative manufacturing jobs. But with steel mills on the decline, textile mills losing out to overseas manufacturing and impending layoffs of automakers, the coalmines are becoming the last bastion for those living in communities where the average salary is $25,000. Non-union miners can look forward to earning twice that amount.

    However, the recent history of the Sago Mine as well as others its size is not unlike that which has become of other major industries in the 21st century, with individual companies and its workers left victim to bankruptcy or corporate takeover. The Sago Mine, which had 145 employees prior to January 2nd, was operated by Anker West Virginia Mining Co. until November 2005. The International Coal Group Inc. (ICG), purchased it in April 2005, and completed its purchase in November 2005 at which point it took over Sago’s operation.

    Famed New York investment financier and billionaire, Wilbur Ross, formed ICG in May 2004, now listed on the NY Stock Exchange, buying up coalmines belonging to Horizon Natural Resources. One of those holdings was the Sago Mine. Ross’ purchase of Sago followed his fray into the steel industry, founding the International Steel Group Inc. and buying Bethlehem Steel Corp., Acme Steel Co. and Weirton Steel Co., all in bankruptcy at the time. However, the deals depended on the United Steelworkers Union agreeing to contract concessions and billions of dollars in unfunded pension benefits which were ultimately dumped on the federal pension benefits program by Ross and now paid by the U.S. taxpayers.

    Unlike the steel business, however, coal mining is dependent upon safety measures necessary to execute every 24-hours, requiring constant follow-up. It can mean the difference between life and death. The learning curve has changed with investors who did not originate from the mining industry and running mining operations, some of which have been closed for years, and housing a host of unsafe conditions much less present in a maintained mine. In addition, many unskilled miners are coming into the workforce in non-union environments and lax federal government oversight, in which many citations and fines in very small amounts are doled out, rarely if ever shutting down a mine for unsafe working conditions.

    Much has been publicized about the number of citations Sago Mine received in 2005. MSHA levied 208 citations, orders and/or safeguards. Half of the citations were for “significant violations” which generally commanded fines between $60.00 and $440.00. The fines totaled approximately $25,000. However, in the 11-week review ending December 22, 2005 and three times in a period of five days, MSHA cited the mine for 46 alleged violations with 18 deemed “unwarrantable failures” and with three still pending. According to Ben Hatfield, President of ICG, all violations were corrected; however, the MSHA has yet to publicly release any documents nor will comment on the three pending violations.

    Serious violations which Sago was cited for included failing to enforce an adequate ventilation plan, key to preventing the buildup of methane gases which occur naturally underground, failing to conduct safety inspections before each 8-hour shift, 11 roof collapses over the course of the past year and dangerous buildup of flammable coal dust.

    While the ICG has skirted answering questions thus far, Ben Hatfield did lay blame on the inherited problems from the Anker group. But also important to the upcoming investigations will be if there were continued failure of safety inspections and prior to entering the mine over the New Year’s weekend, at which time the mine was shut for two days. Closed mines can be deadly especially during winter, when methane accumulates faster due to cold temperatures and changes in barometric pressure.

    In addition, Sago did not keep a rescue team on site, like a good many operations due. And speculation of the delay in getting a team together was further hampered by federal and state workers who would normally be available, were not since January 2nd was an observed Monday holiday following New Year’s Day. Since Sago chose to open knowing that it was a state and federal holiday it may have put its crews at unnecessary risk, as it took 11 hours for a rescue team to be assembled. That will also be examined by the several investigations already having been announced.

    The MSHA will conduct its own investigation, and West Virginia Governor, Joe Manchin, III, has hired former Director of MSHA under President Clinton, J. Javitt McAteer, to be special advisor to the investigation for the state of West Virginia. The White House will lodge another investigation with requests by Senators and the House Representatives calling for hearings on Sago as well as on mine safety.

    Similar to the discovered cuts in the funding of levee maintenance after Hurricane Katrina hit New Orleans, funding for MSHA for 2006 was cut $5 million from 2005. The agency also has seen a decrease of 170 staffers since 2001. Also, 17 proposed standards to further protect miners’ safety and health were denied by MSHA. The entire budget for MSHA for 2006 is $280 million. It is expected that its appropriations will be reviewed.

    Senator Robert Byrd (D-WVA) has announced that the first Congressional hearing on the Sago Mine will be held on January 19, 2005, which will include federal and state mine safety officials, labor and business representatives as well as academic experts in mine safety testifying. Senator Ted Kennedy (D-MA) as well as Senator Jay Rockefeller (D-WVA) have also called for a series of Senate hearings on the broader issues impacting mine safety. Representative George Miller (D-CA) and ranking member of the House Education and Workforce Committee has requested all documents relevant to the Sago mine disaster from Labor Secretary, Elaine Chao. Rep. Miller expects to hold hearings after the Senate hearings. No reports for any of the investigations, however, are expected before July 2006.

    The Government Accountability Office in 2003 found that over the past decade, inspectors had o

    Discover 32 Golden Buying Tips That Could Lead You Into Better Decision Making
    ForewordWhen friends asked me why not you write the ways of how to shop online safely, I asked him, “Why me?”He said, a lot of people having problem on shopping online without worrying about anything. Why not you write some buying tips and by adding in some advice. It will help them a lot he replies.We had met but a few times and I was able to think readily of many who had more aptitude regarding the subject other than myself.It is true that I have spent many years using the online shopping tool to buy my software and stuff and I do had this weird feeling “not save, and better be careful”. During this time it has been my job to relate the desires and instincts of many to the where, how, and when to apply this tips. Still, I thought, am I justified in writing a forward to a book dedicated solely to the buying tips?Then friend answered my question. And with his answer he made me understand instantly the yes of my own ways of understanding the needs. He said, “Kanicen, you’ve worked with this online stuff for quite sometimes. You should know all those tips, tricks, and you will be able to open the save door for the rest of us. And that’s what this book is truly about, not just building my network, but being free to create without thinking on what to give others.”I was inspired with my friend’s idea on how to guide all of those online shoppers outside there to consider few things before making buying decision. So what I did here is by using all the experience I have to reduce the disparity between affordable and high cost E-book. This is something I think all the shoppers
    e 21st century, by investors with little or no interest in the history of mining or its real inherent risks.

    The evolution of mining technology as well as the work of the United Mine Workers Association (UMWA) has led the way for miners’ safety rights vastly improving the lives of miners throughout the U.S. The UMWA was largely responsible for the advent of the Federal Coal Mine Health and Safety Act of 1969, known as the Coal Act, which established health and safety standards for miners both in underground and above-ground mines. The Bureau of Mines was given the power to levy fines and criminal penalties on mines in violation of the law. In addition, free chest x-rays were available for underground miners as well as a compensation fund.

    The Coal Act was amended in 1977 in what is now known as the Federal Mine Safety and Health Act, or the Mine Act, which is the prevailing legislation today. The Mine Act helped strengthened the Coal Act with better enforcement of its statutes and combined federal safety and health regulations for all mines, coal and non-coal, under the same piece of legislation. In addition, a new agency within the Department of Labor, known as the Mine Safety and Health Administration (MSHA) was established with a director appointed by the president of the U.S.

    The UMWA was founded in Columbus, OH in 1890 with the merger of the Knights of Labor Trade Assembly No. 135 and the National Progressive Union of Miners and Mine Laborers. Its initial constitution “barred discrimination based on race, religion, or national origin.” It was a leader in fighting racism and ethnic discrimination before the turn of the 20th century. Also included in their early fights, the UMWA fought for the 8-hour day in 1898, followed by collective bargaining rights in 1933, health and retirement benefits in 1946 and the eventual health and safety protections resulting in federal legislation in 1969.

    And perhaps most important to the UMWA’s accomplishments was its plowing the way for the National Industrial Recovery Act, which granted workers the right to form unions and bargain collectively with their employers. And after the success of organizing the nation’s coal miners, the UMWA extended its work to the steel and auto industries in order to help those workers organize.

    While fatalities in the mines have fallen significantly over the past century and working conditions improved, by the 1980’s many of the smaller mines went out of business, with more nuclear power plants coming online and the with the oil crisis of the 1970’s supposedly over. Coal became less of a necessity. Many mines which remained opened decided to hire only non-union personnel. With fewer jobs available in rural communities, workers became willing to forego union benefits and guaranteed pension plans. They sacrificed the transparency with management regarding safety concerns which the union provided them and without fear of retribution.

    Today, according to Cecil E. Roberts, President of the UMWA, only 32-35% of all mines are union shops. With the majority of today’s miners comprised of an aging workforce in their late 40’s and 50’s facing retirement, cash bonuses and higher salaries are luring the next generation, now in their 20’s. In the past 20 years as mines shut down and union-busting was rampant, workers were headed to other cities for more lucrative manufacturing jobs. But with steel mills on the decline, textile mills losing out to overseas manufacturing and impending layoffs of automakers, the coalmines are becoming the last bastion for those living in communities where the average salary is $25,000. Non-union miners can look forward to earning twice that amount.

    However, the recent history of the Sago Mine as well as others its size is not unlike that which has become of other major industries in the 21st century, with individual companies and its workers left victim to bankruptcy or corporate takeover. The Sago Mine, which had 145 employees prior to January 2nd, was operated by Anker West Virginia Mining Co. until November 2005. The International Coal Group Inc. (ICG), purchased it in April 2005, and completed its purchase in November 2005 at which point it took over Sago’s operation.

    Famed New York investment financier and billionaire, Wilbur Ross, formed ICG in May 2004, now listed on the NY Stock Exchange, buying up coalmines belonging to Horizon Natural Resources. One of those holdings was the Sago Mine. Ross’ purchase of Sago followed his fray into the steel industry, founding the International Steel Group Inc. and buying Bethlehem Steel Corp., Acme Steel Co. and Weirton Steel Co., all in bankruptcy at the time. However, the deals depended on the United Steelworkers Union agreeing to contract concessions and billions of dollars in unfunded pension benefits which were ultimately dumped on the federal pension benefits program by Ross and now paid by the U.S. taxpayers.

    Unlike the steel business, however, coal mining is dependent upon safety measures necessary to execute every 24-hours, requiring constant follow-up. It can mean the difference between life and death. The learning curve has changed with investors who did not originate from the mining industry and running mining operations, some of which have been closed for years, and housing a host of unsafe conditions much less present in a maintained mine. In addition, many unskilled miners are coming into the workforce in non-union environments and lax federal government oversight, in which many citations and fines in very small amounts are doled out, rarely if ever shutting down a mine for unsafe working conditions.

    Much has been publicized about the number of citations Sago Mine received in 2005. MSHA levied 208 citations, orders and/or safeguards. Half of the citations were for “significant violations” which generally commanded fines between $60.00 and $440.00. The fines totaled approximately $25,000. However, in the 11-week review ending December 22, 2005 and three times in a period of five days, MSHA cited the mine for 46 alleged violations with 18 deemed “unwarrantable failures” and with three still pending. According to Ben Hatfield, President of ICG, all violations were corrected; however, the MSHA has yet to publicly release any documents nor will comment on the three pending violations.

    Serious violations which Sago was cited for included failing to enforce an adequate ventilation plan, key to preventing the buildup of methane gases which occur naturally underground, failing to conduct safety inspections before each 8-hour shift, 11 roof collapses over the course of the past year and dangerous buildup of flammable coal dust.

    While the ICG has skirted answering questions thus far, Ben Hatfield did lay blame on the inherited problems from the Anker group. But also important to the upcoming investigations will be if there were continued failure of safety inspections and prior to entering the mine over the New Year’s weekend, at which time the mine was shut for two days. Closed mines can be deadly especially during winter, when methane accumulates faster due to cold temperatures and changes in barometric pressure.

    In addition, Sago did not keep a rescue team on site, like a good many operations due. And speculation of the delay in getting a team together was further hampered by federal and state workers who would normally be available, were not since January 2nd was an observed Monday holiday following New Year’s Day. Since Sago chose to open knowing that it was a state and federal holiday it may have put its crews at unnecessary risk, as it took 11 hours for a rescue team to be assembled. That will also be examined by the several investigations already having been announced.

    The MSHA will conduct its own investigation, and West Virginia Governor, Joe Manchin, III, has hired former Director of MSHA under President Clinton, J. Javitt McAteer, to be special advisor to the investigation for the state of West Virginia. The White House will lodge another investigation with requests by Senators and the House Representatives calling for hearings on Sago as well as on mine safety.

    Similar to the discovered cuts in the funding of levee maintenance after Hurricane Katrina hit New Orleans, funding for MSHA for 2006 was cut $5 million from 2005. The agency also has seen a decrease of 170 staffers since 2001. Also, 17 proposed standards to further protect miners’ safety and health were denied by MSHA. The entire budget for MSHA for 2006 is $280 million. It is expected that its appropriations will be reviewed.

    Senator Robert Byrd (D-WVA) has announced that the first Congressional hearing on the Sago Mine will be held on January 19, 2005, which will include federal and state mine safety officials, labor and business representatives as well as academic experts in mine safety testifying. Senator Ted Kennedy (D-MA) as well as Senator Jay Rockefeller (D-WVA) have also called for a series of Senate hearings on the broader issues impacting mine safety. Representative George Miller (D-CA) and ranking member of the House Education and Workforce Committee has requested all documents relevant to the Sago mine disaster from Labor Secretary, Elaine Chao. Rep. Miller expects to hold hearings after the Senate hearings. No reports for any of the investigations, however, are expected before July 2006.

    The Government Accountability Office in 2003 found that over the past decade, inspectors had

    Outlook and Strategy of Indian Stock Exchange Market 2006-2007
    Indian Stock Market occupied a top slot in 2006, together with an unexpected fluctuation with sudden rise and fall, but maintained the sensex mark. In 2006, the Bombay Stock Exchange crossed the 10,000 level mark. There were speculations amongst the bulls at the Dalal Street (Mumbai) that sensex might cross 14,000 marks, but unfortunately the year 2006 ended with the average 12,500 level. Fundamentally strong, the economy was the main key but raising inflation rate and high crude oil prices applied brakes on its acceleration.The Indian stock market raised to dizzy heights in a span of 194 days, from October 28, 2005 to May 10, 2006, with the BSE sensex rising from 7686 points to 12612 points, a gain of 4962 points. It then fell very fast to a level of 8929 points on June 14, 2006, registering a loss of 3683 points in 35 days. It has again reached a level of 12010 on September15, 2006, again of 3086 points in a span of 93 days and presently the market is trading in the region of 13250.Like April 2006, some felt that when the market rose high, that time has come for a correction and the market was totally overheated. Investors were of the view that when the market started falling and a negative sign was taking up, it could reach up to 9000 level, but the sensex has bounced back and reached 12321 points on last September 27,2006.There are concerns over tight global liquidity and deteriorating trade balance. These may not check India’s strong economic growth. As India is getting younger and younger, its productivity is bound to rise. Investment in Indian market must be seen in a marginally different
    past century and working conditions improved, by the 1980’s many of the smaller mines went out of business, with more nuclear power plants coming online and the with the oil crisis of the 1970’s supposedly over. Coal became less of a necessity. Many mines which remained opened decided to hire only non-union personnel. With fewer jobs available in rural communities, workers became willing to forego union benefits and guaranteed pension plans. They sacrificed the transparency with management regarding safety concerns which the union provided them and without fear of retribution.

    Today, according to Cecil E. Roberts, President of the UMWA, only 32-35% of all mines are union shops. With the majority of today’s miners comprised of an aging workforce in their late 40’s and 50’s facing retirement, cash bonuses and higher salaries are luring the next generation, now in their 20’s. In the past 20 years as mines shut down and union-busting was rampant, workers were headed to other cities for more lucrative manufacturing jobs. But with steel mills on the decline, textile mills losing out to overseas manufacturing and impending layoffs of automakers, the coalmines are becoming the last bastion for those living in communities where the average salary is $25,000. Non-union miners can look forward to earning twice that amount.

    However, the recent history of the Sago Mine as well as others its size is not unlike that which has become of other major industries in the 21st century, with individual companies and its workers left victim to bankruptcy or corporate takeover. The Sago Mine, which had 145 employees prior to January 2nd, was operated by Anker West Virginia Mining Co. until November 2005. The International Coal Group Inc. (ICG), purchased it in April 2005, and completed its purchase in November 2005 at which point it took over Sago’s operation.

    Famed New York investment financier and billionaire, Wilbur Ross, formed ICG in May 2004, now listed on the NY Stock Exchange, buying up coalmines belonging to Horizon Natural Resources. One of those holdings was the Sago Mine. Ross’ purchase of Sago followed his fray into the steel industry, founding the International Steel Group Inc. and buying Bethlehem Steel Corp., Acme Steel Co. and Weirton Steel Co., all in bankruptcy at the time. However, the deals depended on the United Steelworkers Union agreeing to contract concessions and billions of dollars in unfunded pension benefits which were ultimately dumped on the federal pension benefits program by Ross and now paid by the U.S. taxpayers.

    Unlike the steel business, however, coal mining is dependent upon safety measures necessary to execute every 24-hours, requiring constant follow-up. It can mean the difference between life and death. The learning curve has changed with investors who did not originate from the mining industry and running mining operations, some of which have been closed for years, and housing a host of unsafe conditions much less present in a maintained mine. In addition, many unskilled miners are coming into the workforce in non-union environments and lax federal government oversight, in which many citations and fines in very small amounts are doled out, rarely if ever shutting down a mine for unsafe working conditions.

    Much has been publicized about the number of citations Sago Mine received in 2005. MSHA levied 208 citations, orders and/or safeguards. Half of the citations were for “significant violations” which generally commanded fines between $60.00 and $440.00. The fines totaled approximately $25,000. However, in the 11-week review ending December 22, 2005 and three times in a period of five days, MSHA cited the mine for 46 alleged violations with 18 deemed “unwarrantable failures” and with three still pending. According to Ben Hatfield, President of ICG, all violations were corrected; however, the MSHA has yet to publicly release any documents nor will comment on the three pending violations.

    Serious violations which Sago was cited for included failing to enforce an adequate ventilation plan, key to preventing the buildup of methane gases which occur naturally underground, failing to conduct safety inspections before each 8-hour shift, 11 roof collapses over the course of the past year and dangerous buildup of flammable coal dust.

    While the ICG has skirted answering questions thus far, Ben Hatfield did lay blame on the inherited problems from the Anker group. But also important to the upcoming investigations will be if there were continued failure of safety inspections and prior to entering the mine over the New Year’s weekend, at which time the mine was shut for two days. Closed mines can be deadly especially during winter, when methane accumulates faster due to cold temperatures and changes in barometric pressure.

    In addition, Sago did not keep a rescue team on site, like a good many operations due. And speculation of the delay in getting a team together was further hampered by federal and state workers who would normally be available, were not since January 2nd was an observed Monday holiday following New Year’s Day. Since Sago chose to open knowing that it was a state and federal holiday it may have put its crews at unnecessary risk, as it took 11 hours for a rescue team to be assembled. That will also be examined by the several investigations already having been announced.

    The MSHA will conduct its own investigation, and West Virginia Governor, Joe Manchin, III, has hired former Director of MSHA under President Clinton, J. Javitt McAteer, to be special advisor to the investigation for the state of West Virginia. The White House will lodge another investigation with requests by Senators and the House Representatives calling for hearings on Sago as well as on mine safety.

    Similar to the discovered cuts in the funding of levee maintenance after Hurricane Katrina hit New Orleans, funding for MSHA for 2006 was cut $5 million from 2005. The agency also has seen a decrease of 170 staffers since 2001. Also, 17 proposed standards to further protect miners’ safety and health were denied by MSHA. The entire budget for MSHA for 2006 is $280 million. It is expected that its appropriations will be reviewed.

    Senator Robert Byrd (D-WVA) has announced that the first Congressional hearing on the Sago Mine will be held on January 19, 2005, which will include federal and state mine safety officials, labor and business representatives as well as academic experts in mine safety testifying. Senator Ted Kennedy (D-MA) as well as Senator Jay Rockefeller (D-WVA) have also called for a series of Senate hearings on the broader issues impacting mine safety. Representative George Miller (D-CA) and ranking member of the House Education and Workforce Committee has requested all documents relevant to the Sago mine disaster from Labor Secretary, Elaine Chao. Rep. Miller expects to hold hearings after the Senate hearings. No reports for any of the investigations, however, are expected before July 2006.

    The Government Accountability Office in 2003 found that over the past decade, inspectors had

    Forming a Nevada Corporation Gives You Protection
    Once a decision had been made to incorporate, the next question will inevitably be where to incorporate. One of the more attractive options available is to set up a Nevada corporation.There are many advantages to forming a Nevada corporation, but before exploring these, it may be advisable to understand from the outset what incorporating in Nevada will not do for you.Incorporating in Nevada will not lower costsYou must have heard the statement quite often that organizing a Nevada corporation will result in lower costs. The truth of the matter is that it won’t and that incorporating in your home state may well end up being cheaper. The primary reason is that Nevada imposes a number of fees on corporations domiciled in that state. Fees that many home states do not charge.Incorporating in Nevada will not lower taxesThere is also a misperception that if you register as a Nevada corporation, you will lower your taxes. Whilst Nevada has no corporate income tax, you still need to file corporate tax returns in those states where you operate as a non-resident. Things sort of cancel out, and in the end you don’t really save. This myth of lower taxes is widespread, probably encouraged by incorporation service providers. These providers play on the extreme privacy that Nevada provides, thus implying that no one will ever find out. Privacy does not exactly equate to exemption from taxes, and it is not legally correct to believe that this will be the case.Why then would you incorporate in Nevada?Without question the most compelling reason to establish your business as a Nevad
    contract concessions and billions of dollars in unfunded pension benefits which were ultimately dumped on the federal pension benefits program by Ross and now paid by the U.S. taxpayers.

    Unlike the steel business, however, coal mining is dependent upon safety measures necessary to execute every 24-hours, requiring constant follow-up. It can mean the difference between life and death. The learning curve has changed with investors who did not originate from the mining industry and running mining operations, some of which have been closed for years, and housing a host of unsafe conditions much less present in a maintained mine. In addition, many unskilled miners are coming into the workforce in non-union environments and lax federal government oversight, in which many citations and fines in very small amounts are doled out, rarely if ever shutting down a mine for unsafe working conditions.

    Much has been publicized about the number of citations Sago Mine received in 2005. MSHA levied 208 citations, orders and/or safeguards. Half of the citations were for “significant violations” which generally commanded fines between $60.00 and $440.00. The fines totaled approximately $25,000. However, in the 11-week review ending December 22, 2005 and three times in a period of five days, MSHA cited the mine for 46 alleged violations with 18 deemed “unwarrantable failures” and with three still pending. According to Ben Hatfield, President of ICG, all violations were corrected; however, the MSHA has yet to publicly release any documents nor will comment on the three pending violations.

    Serious violations which Sago was cited for included failing to enforce an adequate ventilation plan, key to preventing the buildup of methane gases which occur naturally underground, failing to conduct safety inspections before each 8-hour shift, 11 roof collapses over the course of the past year and dangerous buildup of flammable coal dust.

    While the ICG has skirted answering questions thus far, Ben Hatfield did lay blame on the inherited problems from the Anker group. But also important to the upcoming investigations will be if there were continued failure of safety inspections and prior to entering the mine over the New Year’s weekend, at which time the mine was shut for two days. Closed mines can be deadly especially during winter, when methane accumulates faster due to cold temperatures and changes in barometric pressure.

    In addition, Sago did not keep a rescue team on site, like a good many operations due. And speculation of the delay in getting a team together was further hampered by federal and state workers who would normally be available, were not since January 2nd was an observed Monday holiday following New Year’s Day. Since Sago chose to open knowing that it was a state and federal holiday it may have put its crews at unnecessary risk, as it took 11 hours for a rescue team to be assembled. That will also be examined by the several investigations already having been announced.

    The MSHA will conduct its own investigation, and West Virginia Governor, Joe Manchin, III, has hired former Director of MSHA under President Clinton, J. Javitt McAteer, to be special advisor to the investigation for the state of West Virginia. The White House will lodge another investigation with requests by Senators and the House Representatives calling for hearings on Sago as well as on mine safety.

    Similar to the discovered cuts in the funding of levee maintenance after Hurricane Katrina hit New Orleans, funding for MSHA for 2006 was cut $5 million from 2005. The agency also has seen a decrease of 170 staffers since 2001. Also, 17 proposed standards to further protect miners’ safety and health were denied by MSHA. The entire budget for MSHA for 2006 is $280 million. It is expected that its appropriations will be reviewed.

    Senator Robert Byrd (D-WVA) has announced that the first Congressional hearing on the Sago Mine will be held on January 19, 2005, which will include federal and state mine safety officials, labor and business representatives as well as academic experts in mine safety testifying. Senator Ted Kennedy (D-MA) as well as Senator Jay Rockefeller (D-WVA) have also called for a series of Senate hearings on the broader issues impacting mine safety. Representative George Miller (D-CA) and ranking member of the House Education and Workforce Committee has requested all documents relevant to the Sago mine disaster from Labor Secretary, Elaine Chao. Rep. Miller expects to hold hearings after the Senate hearings. No reports for any of the investigations, however, are expected before July 2006.

    The Government Accountability Office in 2003 found that over the past decade, inspectors had

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    Sarbanes-Oxley is more a set of guidelines versus a set of rules; it’s ultimately an act that mandates financial accountability. The original intent of Sarbanes Oxley is about accountability of executives but has morphed into something else within many enterprises. Transparency of, and accuracy in, financial reporting is what it’s all about.Sarbanes-Oxley is every bit as pervasive as Y2K, the only difference is it has no end. Sarbanes-Oxley is designed to increase corporate transparency and reduce the time between a material loss event, and when the event is reported. It is working.Named after Senator Paul Sarbanes, and Representative Michael Oxley, SOX is America's response to Enron and other scandals. Corporate America is currently facing major government-mandated change as a result of the Sarbanes-Oxley Act. Sarbanes-Oxley lays down the law in financial reporting. Compliance with Sarbanes-Oxley is a challenge. And as you have heard, complying with Sarbanes-Oxley is difficult, complex, and time-consuming.There's nothing new in Sarbanes-Oxley, all that's in there has been in securities law before. But Sarbanes-Oxley is forcing public companies to re-examine their internal control and financial systems.Do you have the right controls in place to support Sarbanes-Oxley initiatives? All public companies are responsible for ensuring their own compliance with the Act. Companies are now investing heavily in new software to help them comply with Sarbanes-Oxley. Automation software’s main drive is to simply reduce compliance costs.The signing into law of the Sarbanes-Oxley Act, was
    mulates faster due to cold temperatures and changes in barometric pressure.

    In addition, Sago did not keep a rescue team on site, like a good many operations due. And speculation of the delay in getting a team together was further hampered by federal and state workers who would normally be available, were not since January 2nd was an observed Monday holiday following New Year’s Day. Since Sago chose to open knowing that it was a state and federal holiday it may have put its crews at unnecessary risk, as it took 11 hours for a rescue team to be assembled. That will also be examined by the several investigations already having been announced.

    The MSHA will conduct its own investigation, and West Virginia Governor, Joe Manchin, III, has hired former Director of MSHA under President Clinton, J. Javitt McAteer, to be special advisor to the investigation for the state of West Virginia. The White House will lodge another investigation with requests by Senators and the House Representatives calling for hearings on Sago as well as on mine safety.

    Similar to the discovered cuts in the funding of levee maintenance after Hurricane Katrina hit New Orleans, funding for MSHA for 2006 was cut $5 million from 2005. The agency also has seen a decrease of 170 staffers since 2001. Also, 17 proposed standards to further protect miners’ safety and health were denied by MSHA. The entire budget for MSHA for 2006 is $280 million. It is expected that its appropriations will be reviewed.

    Senator Robert Byrd (D-WVA) has announced that the first Congressional hearing on the Sago Mine will be held on January 19, 2005, which will include federal and state mine safety officials, labor and business representatives as well as academic experts in mine safety testifying. Senator Ted Kennedy (D-MA) as well as Senator Jay Rockefeller (D-WVA) have also called for a series of Senate hearings on the broader issues impacting mine safety. Representative George Miller (D-CA) and ranking member of the House Education and Workforce Committee has requested all documents relevant to the Sago mine disaster from Labor Secretary, Elaine Chao. Rep. Miller expects to hold hearings after the Senate hearings. No reports for any of the investigations, however, are expected before July 2006.

    The Government Accountability Office in 2003 found that over the past decade, inspectors had often failed to ensure that violations were corrected by deadlines. In addition, there has been criticism that political appointees running MSHA are primarily former mining executives from the private sector, and there exists a fundamental conflict of interest in issuing citations and such diminutive fines. Further, the Congress has not held one hearing in either the Senate or House on mining safety issues since 2001.

    On September 23, 2001, 13 coal miners died at the Jim Walter Resources (JWR) Blue Creek No. 5 mine in Brookwood, Alabama. In June 2003, the Federal Mine Safety and Health Administration fined Walter Industries more than $400,000 for eight safety violations that "directly contributed" to the 2001 accident. The company subsequently appealed the fine. In November of 2005, an administrative law judge on behalf of MSHA threw out six of the eight safety violations and slashed the fines to $3,000. Let us hope that history does not repeat itself and that we learn from this crisis. Here is but one more opportunity to do right by our miners. They deserve at least that much.

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