Journal and Courier from Lafayette, Indiana • 20

77 i Public records Take a look at 1 property sales and bankruptcies See Page B7 Business SUNDAY SEPTEMBERS 2010 JOURNAL COURIER JCONLINECOM B8 Afghans continuing run on bank By RAHIM AIEZ The Associated Press KABUL Afghanistan Ner vous Afghans pulled more depos its out of the largest bank on Saturday despite assurances from government leaders that their money was safe Crowds gathered at Kabul Bank branches around the capital to withdraw dollar and Afghan cur rency savings with customers say ing they had lost faith in the solvency following a change in leadership and reports that tens of millions of dollars had been lent to political elites for risky real estate investments Bank has lost the trust of the people Even the chairman resigned so all the people are con said Mohammad Nawaz head of an Afghan aid group who had tried for three hours to with draw the $15000 in his account The bank run that began earlier in the week undermines efforts by the central government to build an efficient political and financial system to drag Afghanistan out of its dire poverty Problems at the bank could also have wide ranging political reper cussions since it handles the pay for Afghan public servants sol diers and police in the unstable na tion beset by a Taliban insurgency widespread drug trafficking and the plundering of aid money While central bank is working with the Kabul Bank and drawing on its reserves to help deal with the situation US officials insisted that the United States is not bailing out Kabul Bank No US money involved Deputy US Treasury Secretary Neal Wolin said that while Ameri can officials were providing tech nical assistance to the Afghan gov ernment is an Afghan issue They are taking immediate steps to ensure the stability of Kabul Bank and to protect the financial assets of the Afghan people No American taxpayer ftinds will be used to support Kabul Meanwhile the deputy com mander of the international coali tion in Afghanistan said contin gency plans were being drawn up to respond in the event of unrest prepared to deal with the Lt Gen Sir Nick Parker said People Products Siemens to close Ohio center cut 88 jobs COLUMBUS Ohio The German industrial conglomer ate Siemens AG says it plans to shut down a distribution center in Ohio by the end of January cutting 88 jobs The company plans to move the work from Columbus to Southaven Miss spokesman Michael Krampe says having one dis tribution center will speed up shipment to customers The center in Columbus is part of energy and automation division Achievements Celina Insurance Group recently announced that The Mitchell Agency Inc was named one of the Master Agencies The designa tion is awarded to partners that display exceptional commit ment to Celina Insurance The Mitchell Agency Inc has been in the Lafayette area for more than 125 years Celina founded in 1914 is a collection of mutual property and casualty insurance com panies Shorttakes Marsh pharmacies will of fer a series of dropoff days for unwanted medications Marsh Pharmacies will ac cept unwanted pharmaceuti cals at these times: 9 am to 5 pm on Oct 2 and Oct 9 11 am to 5 pm Oct 3 9 am to 7 pm Oct 4 8 To be accepted all items must be fully identifiable and in their original containers The name of the medication must be visible on the label a black per manent market should be used to block out personal informa tion including name address and account number Purdue Extension and the Northwest Indiana loricul ture Association will co spon sor an educational program for nursery and greenhouse busi nesses owners and employees Thursday in DeMotte The free program at Kingma Greenhouses 1308 Halleck I St will run from 5:30 to 8 pm CST 1 Participants will tour the greenhouses and learn about overwintering potted herba ceous perennials from Purdue Extension floriculture special ist Roberto Lopez and graduate student Chris Currey 1 or more information go to wwwcespurdueeduanr documents2010NWIAm tg9092010pdf or call (219) 531 4200 ext 4201 Staff and wire reports Calling expanded or new businesses Have you started a new busi ness or expanded an existing one? The Journal Courier is interested in your story mail information about your business to Max Showalter at mshowalterjconlinecom To submit items for People Products send them to Max Showalter by mail at mshowalterjconlinecom by mail to 217 Sixth St: Lafayette IN 47901 or by fax to (765)420 5246 WBAA finds clear advantage in HD Radio By Michael HeinzJournal Courier Tim Singleton with WBAA radio holds a new HD Radio receiver Thursday at the studios at Purdue University 7'' I I 1 WmIML tiW I la 1 1 ARSHniM By KATHY MAYER or the Journal Courier While most people know what a treat HDTV is for the eyes many are just beginning to realize the quality advantages of HD Radio HD Radio reception which has been around since 2002 is clear with no hissing or popping A scrolling screen shows current and upcoming playlists will sound like an sta tion with significant improvement in quality of WBAA station manager Tim Singleton said Another advantage to digital ra dio is that a station can broadcast more than one program on a single bandwidth WBAA began doing just that in August with the launch of its 1013 HD 2 channel While classical pro gramming on 1013 can be picked up on any radio the HD 2 signal which carries a more con temporary mix of blues rock and alternative country can be picked up only with an HD Radio With the August launch of HD 2 channel and a demonstration open house being planned for this fall local aware ness of digital radio should soon grow Singleton said More stores around Lafayette are beginning to stock digital ra dios Many newer car models al ready come digitally equipped HD radios start as small as pocket size for $50 An iPod dock with HD Radio costs about $100 RadioShack sales representa tive Brian Truax said Radio receivers in high demand yet Most people go for satellite radios but HD is more reliable than While satellite radio requires a subscription HD Radio is free The disadvantage in some markets at least is lack of variety Relatively few stations broadcast in digital motivation in adding an HD 2 channel is simple Sin gleton said want to attract a or more online To hear XPoNential Radio online go to wwwwbaaorg or wwwxpnorg To find out more about HD Radio and what stations cur rently broadcast in HD go to younger The program on 1013 HD 2 is XPoNential Radio A product of WXPN in Philadelphia the pro gram provides a mix of world mu sic blues rock folk and alterna tive country The market for HD Radio is in creasing said Bob Struble CEO of About HD Radio HD Radio is a brand name 34 Indiana radio stations are HD Radio equipped HD 2 3 and 4 for stations that broadcast more than one extra channel) can be heard only on HD Radio systems or online HD Radio but not HD 2 3 or 4 can be heard on tradi tional radios although without improved sound iBiquity Digital Corp US devel oper and licenser of the technolo gy is strong and growing on all fronts from consumers to device manufacturers automak ers and He cited 2000 HD Radio sta tions with more than 1200 neW 85 vehicle models car rying the new technology and more than 100 radio models being produced now however WBAA is the only local station Kaspar Broadcast ing Co was an early pioneer working with General Motors in Kokomo which built HD Radio systems for its cars But the station no longer broadcasts digitally have the equipment and could activate it again but have to said general man ager Vern Kaspar Right now set count justify the invest Hawaii says if brothers jailed food security in jeopardy ByMARKNIESSE The Associated Press HONOLULU Two promi nent popular brothers who oper ate the second largest vegetable farm in Hawaii will be sentenced in federal court this week oh hu man trafficking charges They pleaded guilty but two former state governors commu nity groups fellow farmers and other supporters are trying to keep them out of prison The brothers were convicted of shipping 44 laborers from Thai land' and forcing them to work on their farm part of a pipeline to the United States that allegedly cornered foreign field hands into low paying jobs with few rights Aloun arms may be too impor tant to fAil in an island state that once relied on pineapples and sugar cane but grows less than 15 percent of the food it consumes according to supporters of defen dants Alec and Mike Sou 7 incarceration of Alec and Mike Sou would threaten our food security and could endanger our future sustainability on wrote Kioni Dudley president of the community group riends of Makakilo in a letter asking US District Judge Susan Oki Mollway for leniency some method of punishment which allows them to stay in their positions at Aloun The Sou brothers are asking for a light sentence with little or no jail time based in part on the idea that their farm is too valuable to the food supply to let it go untended The plea deal they agreed to in January called for up to five years imprisonment CONTACTUS Local Editor Dave Bangert dbangertjconlinecom Phone: (765) 420 5231 ax: (765)420 5246 WEEK AHEAD Wednesday: Labor Department releases job openings and labor turnover survey for July President Barack Obama plans to give a speech in Cleveland on the economy Thursday: Labor Department releases weekly jobless claims reddie Mac releases weekly mortgage rates Commerce Department releases international trade for July ON JCONLINECOM Looking for something to do? 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