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Press of Atlantic City from Atlantic City, New Jersey • 49

Location:
Atlantic City, New Jersey
Issue Date:
Page:
49
Extracted Article Text (OCR)

Wt 'VWi J1 THE PRESS ATLANTIC CITY SUNDAY SEPTEMBER 12002 Marketplace HE1 SECTION Vegas wire US: Net casino bets violate federal laws Gaming Wire Hopes that Nevada casinos would be able to tap into the lucrative Internet casino market were dashed when Bush administration officials recently told state regulators that Internet casino betting vio lates federal law Gaming Control Board Chairman Dennis Neilander said Thursday The Department of Justice advisory opinion makes it highly unlikely state casinos will be able to operate Nevada regulated Internet casinos that take bets from outside Nevada "At least we have some clarity from the federal Neilander said of the advisory letter penned Aug 23 that he received from Assistant Attorney General Michael Chertoff "They said any kind of betting whether it is sports or casino style violates the Wire Act and other federal letter left little room for doubt as to whether the Bush administration would reverse the Clinton opinion that federal laws bar Internet casino gambling as well as sports bet ting set forth in prior Congressional testimony the Department of Justice believes that federal law prohibits gambling over the Internet including casino style gambling" Chertoff wrote Regulators could still write rules that would allow Nevada casinos to operate Internet casinos that would let in state bettors gamble online but the federal opinion likely means state casinos take wagers from bettors from other countries and the remaining 49 states The limitation severely reduces the amount of potential business and state gaming tax revenue that would be captured by Nevada regulated Web casinos online casino almost ready to open MGM Mirage executives say their online casino to be based and regulated in the Isle of Man is almost ready to open and could begin taking bets Continued on Page G2 (Joe Weinert's Casino Notes will resume Sept 8) Loose Change Get ready for Sept 11 Associated Press SEPT 11 ANNIVERSARY: As the nation prepares to mark the first anniversary of the tenor attacks businesses should be prepared for an understandable drop in productivity according to Richard Bayer chief operating officer of 1 1 ij the ive Club a New York 41 I nf based career coun seling network need time to discuss their situa tions with co work Bayer said "Where were they when it happened? How did it affect them? Employers must be sensitive to the emotions of And companies should remember to review with their workers changes made or planned in response to the attacks including new security precautions As for the actual anniversary employees should be given time to reminisce and grieve should realize Sept 11 will be a sad said Bayer is uncharted territory for SCANDAL SALARIES: Executives at companies being investigated for accounting irregularities earned an average of 70 percent more between 1999 and 2001 than CEOs at large companies in general a new report finds According to the Institute for Policy Studies and United for a air Economy the CEOs of 23 large companies under investigation earned an average of $62 million from 1999 to 2001 compared with an average of $36 million for all CEOs in the annual Business Week executive pay survey The ninth annual CEO pay study looked at companies under investigation by the Securities and Exchange Commission Department of Justice and other agencies and which have had market capitalizations of more than $1 billion sometime since January 2001 The companies include Adelphia AOL Time Warner Bristol Myers Squibb CMS Energy Duke Energy Dynegy El Paso Enron Global Crossing Halliburton Hanover Compressor Homestore Kmart Lucent Technologies Mirant Network Associates Peregrine Systems PNC inancial Services Reliant Energy Qwest Tyco WorldCom and Xerox Collectively the CEOs at those compa nies earned $14 billion from 1999 to 2001 SALES MARKETING: If in search of a career change perhaps sales and marketing might be worthy of a look a new survey finds According to Cleveland based Management Recruiters International sales and marketing pro fessionals are expected to be a hot commodity through the end of the year In a survey of 200 corporate executives about their most pressing hiring needs 541 percent said they planned to increase their sales staffs during the second half of this year up 129 percent from a sur vey looking at the first six months of this year Another 412 percent said they plan to keep their sales staffs at cunent levels down by 124 percent while just 47 percent said they plan to cut positions a drop of half a percent from the last survey At WORK WITH Marla Pino ice cream maker at in Ocean City jr jKtu flA' KSi PT ula I Staff photo by Dan Drake Marla Pino fills a quart of mango sorbet at Ice Cream Shop on East Atlantic Boulevard in Ocean City while her sister Marcia Sillgato watches Working at an ice cream shop is a fun job because you get to come in and make ice cream and decorate cakes Today in early 11:30 amJ but usu ally I start at noon The first thing I do is the cleaning and the prep for nighttime when it gets busy I walk around and do an inventory to see what kind of ice cream I have and what I have to make Then I make the waffle cones and stock cups while I listen to the radio To make the waffle cones I have a little waf fle iron and a timer I cook the waffle for two minutes take it off the iron and spin it so it makes a cone shape To make the ice cream we get big bags of unflavored milk and split it into a 10 quart container and then add vanillas and flavor ings or chocolates or fruit Vanilla is the simplest The most complicat ed would be the chocolate brownie pecan carmel I have to make the chocolate flavoring and then mix all of the other stuff in Some days I decorate cakes I draw pictures like the silver surfer or Winnie the Pooh sitting in his tree The more complicated cakes are the butter pecan fudge cakes or the banana fudge walnut An occasional look at a job in the region in the words of the person who holds it cakes open from noon to midnight on week ends and until 11 pm during the week We usually have five or six girls helping We have a lot of girls from Ocean City two girls from Princeton and my sister Marcie My favorite part of the job is drawing the cakes And I really like to see all the kids that come in No one is miserable when they come out to get ice cream By the end of the summer here a million hours so ready for a day off In the winter and the off season we make cakes and do catering The cakes usually come out pretty good Some of them I draw and for others I just get little plastic clowns and draw a erris wheel behind them The most difficult part of the job is getting everything ready My favorite flavor ice cream? so many hard to choose I like all the chocolates I could eat ice cream all the time With Staff Writer Pete McAleer Risking it all for the truth Whistleblowers pay heavy lasting price Chicago Tribune The accounting misdeeds that led to the collapse of corporate giants such as Enron Arthur Andersen and WorldCom and resulted in thousands of workers losing their jobs left many wondering: someone blow the whistle on these dishon est practices rederic Whitehurst who as a BI forensic scientist blew the whistle on evidence tampering and false testimony within the BI's crime laboratory thinks he knows the answer you do what they call blowing the whistle in this coun try they pull your guts out about 30 yards down the road and stomp on said Whitehurst who now resides in Bethel NC a tiny town with one stoplight and one former law enforcement officer who blew his career on the truth Exposing gross misconduct in the workplace almost always has a price whistleblower advocates say Punishments range from being shunned by colleagues to termination to blacldisting Whistleblowers have become vic tims of smear campaigns riends and family may distance them selves some marriages sur vive the ordeal Today whistleblowers have the best legal protections ever advo cates say but it typically takes a scandal to inspire Congress to act Corporate accountability legisla tion signed by President Bush in July extended employees of pub licly traded companies like WorldCom federal protection from retaliation by employers thrilled about the legis said Louis Clark execu tive director of the Government Accountability Project a whistle blower watchdog group in Washington would say right now that employees of publicly traded companies have the best protection of any other employ ees right But Congress has yet to pass a uniform whistleblower law that shields all workers equally Employees of companies that are not publicly traded still have no federal protection said Steve Kohn a Washington attorney who represents whistleblowers depend on where you live and the industry blowing the whistle said Kohn who said some states have decent whistleblower laws See Whistle Page G2 Wa KRT Illustration ft ill wlWl Wil 1 II4I8R4H 1 hIIm Bib WtlS Ip 1 1 ml 1 Ml 4 I ii ill I tJ Paper security expert makes money for charities By DEBRA RECH or The Press (609)463 6719 AVALON or 25 years Bob Bednar was an expert in detecting counterfeit money He developed and marketed paper with security features for documents ranging from travelers checks to food stamps Now as owner and CEO of Napels Bank Note Co selling realistic imitations of bank notes as souvenirs and collectibles In particular marketing simulated bank notes to local charities like volunteer fire com panies which can in turn sell them to raise funds always been involved in helping chari ties from the time my wife was helped with a scholarship to continue her education at Penn Bednar said soon as we were able to give back ourselves we started a scholarship also at Penn State been living part time in Avalon for three years and now want to help local organizations raise Among fund raising products is a bank note for fire companies The notes have a design featuring a firefighter and can be cus tom printed with the name of the fire compa ny would sell them to the organization for maybe $10 and they could in turn sell them for $20 or Bednar said person buying it would also get a handsome acrylic desk dis play so they can keep it for a reminder of how they people donate to organizations and get nothing in return This way they can donate to a good cause and have a way of remembering it at the same he said Bednar is a graduate of the University of Scranton in northeastern Pennsylvania He taught Spanish for about five years before get ting involved with the sale of paper products sgguBjB He later became vice president of security products for Atlantic Paper Co He remains a consultant with the company While with Atlantic Paper full time he was responsible for the sale and development of new products for use in the document securi ty industry He developed designed and sold paper for US ood Coupons US Treasury checks stock certificates postage papers travelers checks passports bank notes and other paper documents that required security features counterfeiting alteration or verifica tion of documents becomes problematic incorporating security devices in the docu ment can thwart fraudulent Bednar said people know about the secu rity measures in currency I don't take any bills over a $20 for example There is actually a lot of counterfeiting going on now really a fas cinating field to be Bednar is an active member of the International Anti Counterfeit Coalition and the International oundation of Electoral Systems He has designed and sold security papers for electoral processes and has recent ly received approvals for a security label prod ucts for Guatemala Taiwan and China See Notes Page G2 1 1 A Ok Hb Staff photos by Dale Gerhard Bob Bednar displays a special note he cre atred to honor firefighters Above left Bed nar a document security specialist also has created notes that depict Jimmy Buffett and Penn State University.

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About Press of Atlantic City Archive

Pages Available:
2,120,515
Years Available:
1895-2024