Connecticut Lawyer Wants To Sue The State For $100 Million Over The Sandy Hook Massacre

Sandy Hook Elementary

A lawyer for a 6-year-old Newtown, Conn. shooting survivor wants to sue the state, saying his client was traumatized by screams and gunshots she heard over her school's intercom, the AP reports.

New Haven, Conn. lawyer Irving Pinsky -- who has to ask the state for "permission" to sue because the state is immune from most claims -- says the suit is about school security and not money.

The suit, which will seek $100 million in damages, says the state's education department failed his client by not implementing an effective emergency response plan for students, according to the AP.

Twenty-year-old Adam Lanza opened fire on Sandy Hook elementary on Dec. 14, killing 20 first-graders and six adults after fatally shooting his mother in the home they shared.

The elementary school had recently installed a security system requiring visitors to ring the front bell before they were allowed to enter the school, Time has reported.

It's not clear whether principal Dawn Hochsprung turned on the school's intercom deliberately, according to Time. But doing so may have saved many lives because it gave teachers the heads up they needed to protect their students from Lanza.

SEE ALSO: Former New York Times Reporter Makes A 'Liberal Case' For The Second Amendment >

 

 

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12 Of Wikipedia's Weirdest Sentences

this boy went to prom in a tuxedoThe English version of Wikipedia features over 4.1 million entries.

While the encyclopedia is a terrific repository of knowledge—particularly if you don’t mind doing a little fact checking on your own—it really shines as a source of collaboratively edited prose.


From ?Boo-Boo Bear?

"It is not readily apparent whether Boo-Boo is a juvenile bear with a precocious intellect or simply an adult bear who is short of stature."

From ?McDonaldland?

"Even though hamburgers in McDonaldland were anthropomorphized and spoke, they were picked by characters such as Ronald McDonald and the Hamburglar for consumption."


From ?Curly Howard?

Never an intellect, Curly simply refrained from engaging in “crazy antics” unless he was in his element: with family, performing, or intoxicated. 

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1 Good Thing About Apple's Selloff

Don't let it get away!

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In the fourth quarter of 2012, Apple (NASDAQ: AAPL  ) has promptly given up much of the gains it was enjoying throughout the year. The Mac maker is still up for the year, but not by nearly as much as it was in September. There's one more reason Apple's pullback is a good entry point for investors looking to get in before it resumes its upward march: its dividend yield.

A twofer
With shares closing on Friday just under $510, Apple's annual dividend of $10.60 per share translates into a yield of 2.1%. That's better than the 1.8% yield the iPhone maker was offering when it announced its dividend in March, and much more appealing than the 1.6% yield it represented when Apple started paying its dividend in August after a 17-year hiatus.

Now, not only can prospective investors get the possibility of envious capital gains when shares inevitably recover, but the company also offers a payout that can satisfy income investors. At this point, Apple's yield is in the same ballpark as other dividend-paying tech giants that have long been favorites of income investors.

Here are some other large-cap tech companies with dividend yields between 2% and 3%, in comparison with Apple.

Source: Reuters. TTM = trailing 12 months.

Most of these companies don't have the same growth prospects that Apple does.

Cisco's growth days are behind it, as smaller and more innovative networking companies continue to eat away at its core markets. The company is even looking to sell  its Linksys home router business, which it bought nearly a decade ago for $500 million. Corning has benefited from Apple's rise, after Apple sparked interest in Gorilla Glass, which is set to become a billion-dollar business this year. The glass maker could also see some upside on a TV upgrade cycle on the horizon.

As the dominant contract chip manufacturer in the world, Taiwan Semiconductor is a mature company that might even earn Apple's business next year in producing its A7 processor bound for iDevices. Texas Instruments is a chipmaker in transition, as it moves away from the competitive mobile chip business and focuses more heavily on embedded processing.

The more, the merrier
Apple's payout ratio looks a little stingy in that chart, but that's because Apple has paid dividends in only two of the past four quarters, so its TTM payout ratio is negatively skewed. If we isolate the past two quarters earnings and payouts, the company looks more generous.

Source: Apple.

Investors can thank Tim Cook for giving those dollars back, since his predecessor had some inexplicable aversion to dividends and buybacks. Apple's fundamental business is as solid as ever, and its cash pile would literally reach over 17 times the orbital altitude of the Hubble Telescope (I'm assuming Apple keeps its cash hoard in $1 bills), so those dividends will be here to stay for quite a while.

Apple's yield may still be less than those of direct peers such as Microsoft (NASDAQ: MSFT  ) and Intel (NASDAQ: INTC  ) , which boast respective yields of 3.4% and 4.4%, but it sure beats other rivals, such as Google (NASDAQ: GOOG  ) and Amazon.com (NASDAQ: AMZN  ) , which don't pay any dividends.

As a firm believer that Apple will become the world's first trillion-dollar company within the next three to four years, I think that will be solid gains to go along with a solid dividend.

There's no doubt that Apple is at the center of technology's largest revolution ever and that longtime shareholders have been handsomely rewarded, with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and, more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.

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Euro Still Too Expensive Versus Dollar, Expect Parity

For U.S. investors, though, the currency headwinds cannot be ignored, as a continued slide by the euro toward par with the dollar could offset any positive gains in the short term.

Source: http://www.forbes.com/sites/greatspeculations/2012/12/27/euro-still-too-expensive-versus-dollar-expect-parity/

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Alan Patricof Explained Why He Ditched His $40 Billion Fund For A $75 Million One

In 1969, Alan Patricof founded Patricof and Co., an early venture capital firm. Over the next 40 years, he turned that into Apax, one of the largest private equity firms in the world. And then he left it. 

Forming a new company called Greycroft, Patricof has decided to "return" to smaller capitalization investing, i.e. investing early in startups. He believes the future for investment is in small companies that may not need a huge amount of cash to get started and get profitable. 

At our IGNITION conference Patricof discussed why he left the big money for a more intimate fund:

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SEE ALSO: How The New York Times Dealt With Covering A Scandal Involving New CEO Mark Thompson

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Learn The Value Of Canny House loan Research

There is certainly zero hesitation produce that propane is a wonderful long-term expense. We have actually peaked within our power to increase creation meaningfully, just as we now have with gentle essential oil. I do think in order for there to become an increase in long-term propane supply, you have to supply incentive to producers [...]

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Source: http://www.legaldebthelponline.com/2012/06/27/learn-the-value-of-canny-house-loan-research/

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Everyone's Talking About The Scott Brown Bottom

Big thanks to MSNBC's Hardball for drawing attention to our chart analysis from Thursday, when a Facebook posting from Scott Brown set the floor for the Dow that day.

Unfortunately, the market crashed through that low yesterday, so from a purely technical point of view.... watch out.

(Thanks to @ivanthek for the image).

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Forget The 'Dairy Cliff' ? People Have Been Drinking Less And Less Milk For The Last 30 Years

Spilled milk

Among the many cliffs America faces on Jan. 1 is the "dairy cliff."

That's the scenario where Congress fails to pass a farm bill to extend agricultural subsidies, which in turn would cause milk prices to soar.

But USDA data shows 2011 milk sales reached their lowest levels since 1984, according to the Milwaukee Journal-Sentinel's Rick Barrett.

In September, Barrett wrote that total U.S. beverage milk sales last year were 53 billion pounds - about 6 billion gallons, he reports. 

Plus, more than half of all adults no longer drink milk at all, data site Informa recently reported.

Here's a graph showing the decline:

dairy chart milk cliff

What's behind the drop-off?

Barrett talked to Vivien Godfrey, CEO of the Milk Processor Education Program known for the "Got Milk?" and milk mustache advertising campaigns.

"Shifting consumer habits and a flood of new beverages in the marketplace, including sports drinks and bottled teas, have taken a toll on beverage milk sales," Godfrey tells him.

"While Americans consume about the same number of gallons of beverages as they did in the past, they're drinking a lot less milk.

"Milk has lost out to other beverages, primarily bottled water," Godfrey says.

SEE MORE: Citi's Epic Commodities Outlook for 2013 >

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