St. Louis Post-Dispatch from St. Louis, Missouri • Page F006

1ST.LOUISPOST-DISPATCHWEDNESDAYOCTOBER12,2005STLTODAY.COM F6 Business The Health Policy Forum Thursday, November 3 8:00 a.m. 1:30 p.m. Hilton St. Louis Frontenac Three nationally recognized experts to present practical information regarding pressing health care issues. Register by calling 314 721 8715 or online at www.signaturefoundation.org.

Notforprofit organizations attending the Forum will be eligible to apply for Foundation grants to further initiatives discussed at the Forum. PHYSICIAN LEADERSHIPfor QUALITY, EFFICIENCY andAFFORDABILITY Spending for Health Care: Key Drivers Influencing Future Growth Stuart H. Altman Professor of National Health Policy at Heller Graduate School for Social Policy Management, Brandeis University Future: Cost, Access and Quality Marilyn Moon VP and Director of the Health Program, American Institutes for Research Controlling Costs, Improving Quality and Empowering Employers are Doing Helen Darling President of the National Business Group on Health Presents: Continental Breakfast partnership Recognizing the downtown hotel partners ofthe St.Louis Post-Dispatch dViDh qoscKHrY Mark Hotel Hilton Frontenac Holiday Inn Select Hyatt Regency Omni Hotel Mayfair Hotel Sheraton City Center In addition to great accommodations and service, every day these downtown hotel partners ofours provide their guests with a free copy ofthe Post-Dispatch. BUILDING FROMF1 Architectsdecidedtohavefunwithblue BLOOMBERGNEWS otheremergingmarketsintothe worldeconomyishelpingtohold downpricesintheU.S.andisn’t harmingAmericanjobcreation, FederalReserveGov.Donald Kohnsaid. dustrializingeconomiesintothe globaltradingsystemisexerting downwardpressureoncostsand TuesdayattheCollegeofWoos- 5percentU.S.unemployment sustainedbasishasnotbeenim- grow.

directionofinterestratesorthe outlookfortheU.S.economyin hispreparedtext. Thefreerflowofgoodsand serviceshelpedcurbU.S.infla- tionbyloweringpricesforcon- vestmentcostsandforcing businessestobecomemorecom- ingamodestdisinflationaryef- theglobaleconomyinthelast15 raisingtherealincomesofU.S. Emergingeconomiesalsobuy moreastheygrow.China’sappe- titeforsteelgeneratedtwo-thirds oftheincreaseinglobaldemand fortheproductfrom2000to Globalizationmayalsochange thewaytheFedsetsinterest rates. theareaaresituatedontheir sites. Thebuildingalsohadtowork withmoremodernstructures nearby.Theheadquartersand productionbuildingforKETC (Channel9)openedin1998just westofthesite.Tothenorth,fac- twoacclaimedminimalistcon- zerFoundationfortheArtsbuild- ContemporaryArtMuseum openedin2003.

withagrowinghubforartsand culturethathasbeenemerging sincethe1980s. Trampesaid.Thecompanyreno- vatedtheContinentalmainlywith apartmentsandisdoingother workinthedistrict. FormerMayorVincentC. anopiniononwhathethinks abouttheblue.Hesaidacommit- teeatGrandCenterwillreview theplans.However,thecommit- structionofthebuilding. Schoemehlsaidhewelcomesa areasinceastateofficebuilding wasconstructedthereinthemid 1970s.HesaidGrandCentersold thelandforthenewbuildingata foottohelpgetitbuiltonthesite ofaparkinglot.

getridofallthesesurfaceparking Centerisnotinthebusinessof continuingtooperateparkinglots. Weareinthebusinessofdevel- Hartnettsaidretirementsystem officialslookedatnearly20other locationsandexistingbuildingsin thecitybeforedecidingtocon- structtheirownbuildinginGrand Center. causeofotherdevelopmentunder potentialforincreasedvaluein Trampe Artsyapproach fitsthearea Schoemehl Tiredof parkinglots FROM Unionsaysactionaimstobreakunion theTeamstersunionbelieves thecompanyisusingthestriketo getridofolderemployeesandto breaktheunion. McKaysaid. Notalksareset.Bothsideslast metlastmonth.

Twodozendriversandadoz- enpart-timeworkersstruckLohr onMay22aftersixmonthsofne- gotiationsfailedtoresolvediffer- encesoverhealthcarecostsand pay. BecauseLohristheexclusive distributorofAnheuser-Busch Cos.productswithinthecityof St.Louis,theTeamstershave retailerstoboycottA-Bproducts distributedwithinthecitylimits. operatinginSt.LouisCountyor othercountiessurroundingthe city. replacementworkerstodeliver beer.LateFridayafternoon,itin- formedtheunionviafaxthatit hadmadethereplacementsper- weresenttomembers. Fridayalsomarkedthebirth- 59.Lohr’sswitchtopermanent replacementworkersonhis birthdayangeredthestrikers.

Theemploymentofperma- nentreplacementworkersmeans theunionnowhastheaddedtask ofnegotiatingwithLohrtogetits backthejobsandthestrikeends, thecompanyisrequiredonlyto hireTeamsterstofillopenposi- tionsorvacanciescreatedbyde- partingworkers. Akeyreasonforthestrikewas missionstructurethatwouldpay driversless.Thenewratewould paydriversonlyhalfoftheir commissiononcertaindeliveries, theunionwhichaccountswould getthelowerrate.TheTeam- stersareworriedthedistributor willbroadlyimposethelower theirincome. haveusedthethreatofperma- nentreplacementworkerstoend strikes.St.Louisautodealers bymechanicsandotherservice- departmentemployees. Thelastmajoruseofmaking replacementworkerspermanent intheSt.Louisareaappearsto havebeenduringastrikeby flightattendantsagainsttheold TransWorldAirlinesInc.in1986. TWAhirednewflightattendants toreplacethestrikers.

Thoughbusinesseslonghave hadthepowertohirepermanent thistacticbecamemorefrequent inthe1980s. theUniversityofTexasatAustin. laborlaw. Thewillingnesstouseperma- nentreplacementworkersalso weakenstheeffectivenessofa strikewhilediscouragingworkers permanentreplacementsalsoen- couragesacompanytoprovokea strikeandgetridofolderwork- nentreplacementsisawayto hesaid. 314-340-8330 FROM BrokeragesaysNYSEisconsidering disciplinaryactionagainstit againstA.G.Edwards,accord- ingtoadocumentfiledTuesday bythefirm.AnSECspokesman saidtheagencydoesnotcom- mentoninvestigations.

complaintsayingA.G.Edwardsal- galmarkettimingtradesfromOc- tober2001toOctober2003.That matterisstillpending. ThefilingbytheSouthCar- olinaattorneygeneralofanad- ministrativecaseagainstA.G. 1995to2002.About100inves- torsweretoldbybrokersthey wereinvestedinblue-chip stockswhenactuallytheyheld high-risktechnologystocks. SpokesmenfortheSouth Carolinaattorneygeneraldid notreturncallsforcomment. TheNewYorkStockEx- changeisconsideringdiscipli- ANYSEspokesmansaidhe couldnotcommentonthecase.

milliontothestateofGeorgia andtheinvestors. Inadditiontothosetwo separatedisciplinaryaction againstA.G.Edwardsforitssu- feestothefirminlieuofcom- missions. rulerequiringstockbrokerages toprovidesufficientinforma- tionforcustomerstodecide whetherthosetypesofaccounts areappropriateforthem. AnNYSEspokesmanwould notcommentonwhetherA.G. Edwardswasbeinginvestigated forviolatingtherule.

A.G.Edwardssaiditfileda responsetotheNYSEonwhyit believesnodisciplinaryaction shouldbetaken. AnA.G.Edwardsspokes- womansaidshecouldnotcom- mentonanyoftheinvestiga- tions. STLtoday.com/current What doyouthinkofthelatestactionin lineinourCurrentAffairsforum..