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YSU student rings closing NASDAQ bell



Published: Mon, May 6, 2013 @ 12:00 a.m.

YSU student rings closing NASDAQ bell

YOUNGSTOWN

Kevin Barron, a senior finance student at Youngs- town State University, was selected as one of 25 students to participate in the closing bell ceremony at NASDAQ head-quarters in Times Square in New York.

“It was an incredible experience,” Barron said. “The energy and excitement was great. This was an opportunity that very few people ever get.”

Thirteen students in the YSU Williamson College of Business Administration Student Investment Fund recently traveled to New York to attend the Quinnipiac Global Asset Management Education III Forum. The forum attracted 1,000 students from 44 states and 33 countries, representing 118 universities, to hear 120 speakers over two and a half days. The YSU students entered the optional conference portfolio competition and, based on this entry, Barron took part in closing ceremonies along with 24 students selected from other schools.

Obama to do trips on economic plans

washington

The White House says President Barack Obama’s trip to Austin, Texas, on Thursday will kick off a series of day trips aimed at highlighting his proposals on jobs and the economy.

While in Texas, Obama will visit a technical high school and meet with entrepreneurs. He’ll also drop in on a tech company and talk with blue-collar workers.

The trip shows Obama wants to keep Americans focused on his economic proposals. The White House says Obama will travel every few weeks.

Orajel creator dies

paradise valley, ariz.

The creator of Orajel, a medicine aimed at fighting toothaches that was later also used for mouth sores, has died, family members said Sunday. David Morris Kern was 103.

Allan Kern, his son, said his father died Friday at a group home in Paradise Valley, Ariz.

Born in 1909 in Manhattan and raised in Brooklyn, Kern graduated from the Brooklyn College of Pharmacy and worked as a pharmacist before becoming a salesman for Norwich and Warner Pharmaceuticals.

After buying a pharmaceutical manufacturing facility with his brother and two partners, he created Orajel with the help of a chemistry professor.

Low fines hamper cigarette tax fight

new york

High taxes have emerged as the No. 1 weapon in the war on smoking. The more cigarettes cost, research has shown, the fewer people buy them. That is one of the reasons six states are considering proposals to increase tobacco taxes.

But the effectiveness of that strategy is being undercut in the home of the nation’s highest tobacco taxes — New York City — by light penalties for merchants caught selling cheap cigarettes smuggled in from low-tax states.

Of the 1,105 licensed tobacco retailers inspected by New York City’s sheriff last year, 586 had cigarettes in their inventories that had been purchased on the black market, according to the city’s Finance Department.

The penalty for getting caught has historically been low. Shops caught selling untaxed cigarettes face fines of around $150 per carton. That will change in June, when the penalty goes up to $600 per carton as a result of budget legislation recently signed by Gov. Andrew Cuomo.

Vindicator staff/wire reports


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