6B THE WICHITA EAGLE ■ SUNDAY, OCTOBER 14, 2012
WWW.KANSAS.COM
India’s youth welcome foreign retailers HOLT BY VIKAS BAJAJ New York Times
from Domino’s and watch movies in a Mexican-owned theater chain, Cinepolis. Aakash Singh, 20, a college PATNA, India — A long-festerstudent who recently came to ing controversy about whether India should allow foreign retail- the mall here one afternoon, summed up his generation’s ers like Wal-Mart into the country has often been cast as a battle attitude toward foreign retailers this way: “Absolutely, they between millions of small shopshould come. The country will keepers and large corporate benefit.” interests. But in much of the country, including in this eastern But many older Indians who city, the issue often divides Indi- came of age in an earlier era ans as much by age as by their of socialist policies say they livelihoods. are not entirely comfortable Those younger than 25, a with the idea of big-box stores group that includes about half and sprawling malls. They the country’s 1.2 billion people, worry that foreign companies appear open and eager to try will siphon profits and busiforeign brands and shopping ness from Indian competitors, experiences, researchers say. forcing millions of familyThey already shop at Westernowned shops to close. style malls, where they try on Isahak Sanatan, 34, counts T-shirts by Benetton, eat pizza himself among that worried
generation even though he has worked for foreign telecommunications companies for most of his career. “Why are we allowing outsiders” into this industry? he asked during a recent visit to the mall with his wife and 3-year-old daughter. “The foreigners will take the profits out of the country.” So far, the older generation is prevailing. After years of debating the issue, Indian policymakers last month allowed big foreign chains like Wal-Mart and Tesco to set up stores in the country. But, in an acknowledgment of the significant dissent that remains, each of the country’s 29 state governments was granted the ability to forbid foreign-owned outlets in their territories.
One thing she tries to do over the holidays is build longer connection times into the itinerary because of the From Page 5B possibility that bad weather could delay flights at airports you’re traveling through. attitudes are usually “much “Give yourself a little more more festive,” Headley said. leeway,” Hofrenning said. He also advises passengers Having a tight connecting to check for bad weather on flight increases the odds of the East Coast, where most missing a flight. flights originate. If a plane is She’s learned other lessons an hour late coming out of over the years as well. New York or New Jersey, it’s For one, parents traveling an hour late the rest of the with children should bring day. things to keep them busy. “Problems roll over to the Travelers should also bring Midwest,” Headley said. “I watch the East Coast weather along snacks and drink water to see what’s going to mess up to avoid dehydration. Sleeping on a flight when most of the flights.” traveling internationally is If you fly from Wichita to also a good idea because it Atlanta and need to fly on to will help with the transition to the East Coast, you might be spending the night in Atlanta a new time zone, she said. Most importantly, passenif storms sock in airports fargers should pack a sense of ther east. humor and a lot of patience, Maureen Hofrenning, vice Hofrenning said. president of Go Wichita Con“You can’t let the little vention and Visitors Bureau, is a seasoned holiday traveler. things bother you,” HofrenAlong with her husband and ning said. Or the big things. “You’ve got to tell yourself son, she has taken multiple you’ve got to go with the trips over the holidays to flow,” she said. “Otherwise England, where her husband you’ll stress yourself out and grew up. your family.” “I don’t find it that much Headley said that not only different (traveling) than at other times — but there’s more are airline fares higher, so, too, are the fees being people,” Hofrenning said. charged for everything from They’ve experienced flight luggage to aisle seats. delays at times, but no major “Ticket prices may appear to delays.
TRAVEL
be reasonable to slightly higher, but when the fees hit you, you truly feel that the overall cost of travel has gone up,” Headley said. “Maybe a year ago, the average price was $350, but with $75 in fees, that ticket seems noticeably more expensive.” When travel involves tickets for parents and children, those extra fees add up quickly. “At some point, consumers will simply say that the holiday visit is not worth the price and the hassle,” Headley said. He advises passengers to begin checking flights out of Wichita that have two stops before the final destination rather than one, as a way to save money. A recent flight from Wichita with two stops saved him $400 round trip. He also advises the use of a travel agent to find the best deals. “It’s money well spent,” he said. “It’s saved me any amount of anguish looking at three or four websites.” The best advice, however, is to keep your cool. “It is the holiday season,” Headley said. “Try to maintain as much of the season as possible.”
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she said, there also could be changes in the provisions that deal with women’s reproductive health issues.
From Page 5B
what steps would have to occur for the act to be repealed altogether. Rhodes said he thinks the Republicans will need a “GOP trifecta” in November to fully repeal the Affordable Care Act: a Romney win, a House majority and more than 60 members of the Senate, which would be “filibuster-proof.” However, he noted that a budget reconciliation bill would allow Congress to repeal certain provisions of the law, in particular those that rely on funding that could be withheld in a budget bill. Those provisions could include such things as health exchanges and subsidies designed to help lower-income Americans buy health insurance. “Really anything that affects the federal budget is something that could be either removed or added with reconciliation,” Rhodes told the institute attendees. “The key with reconciliation is that those provisions can be removed or added with a simple majority of the Senate. So they really would only need 50 seats in the Senate to do that, 50 because any tie would be broken by the head of the Senate, which is the vice president.” Rhodes said that Paul Ryan, the Republican candidate for vice president and a current member of the U.S. House, has said that 85 percent of the law could be, in effect, repealed through the budgeting process. Rhodes said that the Senate parliamentarian would decide if a particular provision was fiscal or regulatory, he said. “Even with the recent debates I think you saw the Republican candidates laying the groundwork for that position,” said attorney Scott Palecki, who practices health law at Foulston Siefkin’s Wichita office. Marta Fisher Linenberger, another Foulston Siefkin health attorney from Topeka, said in an interview that she thinks certain provisions would likely remain in place under Romney. She cited the provision that requires insurance companies to allow adults younger than 26 to
remain on their parents’ insurance, requirements regulating the coverage of people with pre-existing conditions and regulations regarding lifetime limits for benefits. Depending on who wins,
Reach Molly McMillin at 316-269-6708 or mmcmillin@wichitaeagle.com.
Reach Kelsey Ryan at 316-269-6752 or kryan@wichitaeagle.com.
STOCKS OF AREA INTEREST Stock 52-week range Div. Last Chg. Abengoa 2.90 -17.88 2.7950 - 0.1920 AbtLab 51.53 -71.91 2.04 69.28 - 0.14 Aeroflex 5.48 -13.89 5.81 - 0.14 AGCO 36.41 -54.00 0.00 46.69 - 0.21 AirProd 76.11 -92.79 2.56 82.00 + 0.03 ALCS * 6.18 -10.83 7.24 0.09 Amazon 166.97 -264.11 242.36 - 1.86 AnadrkoPet 56.42 -88.70 0.36 69.18 + 0.21 ArchDan 25.02 -33.98 0.70 28.05 + 0.02 ATT 27.41 -38.58 1.76 35.63 - 0.63 Avery23.98 32.78 -1.08 29.55 - 0.49 BarnesNob 9.35 -26.00 0.00 15.22 - 0.79 BerkHa A 109,304.00 -136,100.00 - 132,406.00 - 607.00 BerkHa B 72.55 -90.76 88.25 - 0.46 Best Buy 16.25 -28.53 0.68 17.66 - 0.18 BkofAm 4.92 -10.10 0.04 9.12 - 0.22 Boeing 61.33 -77.83 1.76 71.85 + 1.02 Bombrdr 3.30 -4.93 3.69 + 0.01 Cabelas 21.51 -56.78 54.58 - 0.27 CapFedF 10.55 -12.27 0.30 11.68 - 0.18 ChesEng 13.32 -29.87 0.35 20.18 + 0.04 CNH Gbl 28.81 -47.74 0.00 40.26 + 0.80 ComcBnc 35.04 -42.74 0.92 39.13 - 1.21 Conagra 23.64 -28.16 1.00 27.94 + 0.09 ConocoPh 50.62 -78.29 2.64 56.17 - 0.46 ConsGph 21.76 -55.88 29.26 + 0.36 CvntryHC 27.50 -43.65 0.50 43.46 + 0.12 DeereCo 67.78 -89.70 1.84 82.44 + 0.07 Dillards 42.54 -79.23 0.20 74.69 - 0.22 Eads 19.71 -31.69 26.34 - 0.83 Eaton 36.38 -53.06 1.52 44.97 + 0.32 FGP 10.20 -23.02 2.00 18.95 + 0.14 Ford 8.82 -13.05 0.20 10.12 - 0.02 Gap 17.03 -37.85 0.50 36.10 - 0.24 Garmin 33.42 -50.67 1.80 40.17 - 0.27 GenElec 14.68 -23.18 0.68 22.48 - 0.03 GM 18.72 -27.68 24.44 - 0.22 GrayTV 1.34 -2.50 0.00 2.31 - 0.04 HCA Holdings 19.86 -34.32 0.00 30.92 - 0.07 Holly Frontier 21.13 -42.33 0.60 37.37 - 0.62 HomeDp 34.43 -63.20 1.16 59.56 + 0.55 HonwlIntl 46.91 -62.00 1.49 60.20 - 0.09 Hormel 27.28 -30.70 0.60 28.83 - 0.29 Hospira 26.92 -38.59 32.27 - 0.34 Jarden 28.66 -55.77 0.35 53.70 - 0.30 JhnsnCntrl 23.37 -35.95 0.72 25.87 - 0.36 KnkljkeP 17.16 -24.99 0.80 24.13 + 0.11 Kroger 20.98 -24.83 0.60 23.31 - 0.01 LayneC 17.46 -27.40 20.90 - 0.52 Limited 37.57 -52.20 1.00 48.26 - 0.38 Lowes 20.34 -32.29 0.64 31.18 + 0.41
STOCKS ON KANSAS.COM The Eagle provides quotes and other information for thousands more stocks and mutual funds at www.kansas.com/business. LSI McClatchy McDnlds MGPIngrd Monsanto NetApp NewellRub OcciPet OfficeDp ONEOK ONEX Penney Pepsico Phillips 66 Raytheon RentACt RylCarb Seaboard Sears SherwinWm SimonProp SmithF SpiritAero SprintNex SWAirlines Target Textron Tyson Umb Fn UnionPac Valassis Valero Verizon Vulcan WaddellR Walgreen WalMart WasteConn Wells Fargo WestarEn YRC Wwde YumBrnds
5.06 -9.20 1.05 -3.04 85.92 -102.22 2.98 -6.96 67.09 -92.20 27.79 -46.80 12.67 -19.78 76.59 -106.68 1.51 -3.81 35.14 -49.79 31.56 -40.26 19.06 -43.18 61.50 -73.66 28.75 -48.22 41.77 -58.68 29.86 -39.50 22.12 -31.97 1,805.00 -2,353.00 28.89 -85.90 76.55 -156.50 112.76 -164.17 17.55 -25.12 15.32 -26.00 2.10 -6.04 7.37 -10.05 47.25 -65.80 16.86 -29.18 14.07 -21.06 33.05 -52.61 88.83 -129.27 14.71 -27.68 19.12 -34.36 35.32 -48.77 28.81 -49.99 23.41 -34.04 28.53 -37.35 54.48 -76.81 28.70 -35.95 23.19 -36.60 25.79 -33.04 4.56 -18.00 50.60 -74.44
0.00 0.00 3.08 0.05 1.50 0.40 2.16 1.32 0.80 2.15 1.00 2.00 0.64 0.48 0.00 1.56 4.20 0.00 0.00 0.04 1.44 0.08 0.16 0.82 2.40 0.00 0.70 2.06 0.04 1.00 1.10 1.59 0.36 0.88 1.32 0.00 1.34
6.45 2.78 92.51 3.44 88.57 28.93 19.75 81.93 2.34 47.80 39.20 26.03 70.05 43.92 54.88 34.25 30.56 2,292.00 59.92 149.22 152.39 20.45 21.70 5.73 8.84 61.52 25.49 16.02 46.25 121.05 25.76 29.01 44.62 46.14 31.44 35.94 75.81 29.90 34.25 29.31 6.91 69.45
- 0.12 - 0.02 + 0.15 - 0.23 + 0.08 - 0.26 + 0.14 - 0.69 - 0.03 - 0.15 + 0.28 - 0.15 + 0.23 - 0.68 0.00 - 0.25 - 0.44 - 18.20 - 1.00 - 0.07 - 0.66 - 0.09 + 0.18 - 0.03 + 0.13 + 0.27 + 0.07 - 0.09 - 1.78 + 0.13 + 0.09 - 0.13 - 0.58 - 0.57 - 0.41 - 0.16 + 0.80 - 0.12 - 0.93 - 0.25 + 0.21 -0.48
INDEXES, RATES AND COMMODITIES INDEXES
This week Last weekMonth ago Year ago
Dow Jones S&P 500 NASDAQ
13,328.85 13,610.15 13,593.37 11,444.49 1,428.59 1,460.93 1,465.77 1,224.58 3,044.11 3,136.19 3,183.95 2,667.85
LOAN RATES (%) Prime, Bridge Telerate 30-yr. fixed mort. nat. 1-yr. adj. mortgage, nat. 48-mo. new car, Intrust
3.25 3.39 2.59 3.45
3.25 3.36 2.57 3.45
3.25 3.55 2.61 3.45
3.25 4.12 2.90 3.45
0.15 0.30 0.79 0.15
0.15 0.30 0.79 0.15
0.15 0.30 0.79 0.15
0.15 0.30 0.85 0.15
3.64 2.20
3.61 2.20
3.79 2.20
4.17 1.10
0.10 1.67 2.88
0.10 0.74 2.97
0.10 1.87 3.09
0.02 2.25 3.23
1,754.50 33.69
1,175.00 34.69
1,771.00 34.51
1.680.00 31.87
SAVINGS* (%) 90-day CDs 6-month CDs 2-year CDs Passbook deposits
BONDS (%) Municipal, Bond Buyer U.S. savings bonds**
TREASURIES (%) 3-month Treasury bills 10-year Treasury notes 30-year Treasury bonds
COMMODITIES (%) Gold, HSBC Silver, Handy & Harman *Source: Fidelity Bank
**Current annual yield, guaranteed minimum, Series I
they’re trying to spend $2,000. You hear success stories from your clients, such as From Page 5B a Wichita-area company whose camera system recorded two employees all parties involved. Because who were fighting. Any of the resolution … we’re others? able to get that forensic eviThere’s also been cases of dence and actually have it hold up in court, whether for drug dealing outside establishments that they were able security purposes or liability to isolate and question the purposes. employee in question and You can customize how much the cameras pick up, from there end up allowing the police to make an arrest depending on what the customer wants to be able based on the picture of the to do with the video. What drug dealer. What does the new techare your four categories? (The first is identification.) nology do? The new technology enWith identification, you can put it (the video) into a soft- ables virtual pan, tilt and zoom. That I would say is ware platform, run it into a one of the greatest benefits. police database and find a Every camera is a network match. Recognition is being able to device. There’s a lot more pick out someone in a line-up functionality. The greatest benefit is you can see more that you haven’t necessarily seen or met. But because the with less. Traditional pan, tilt, zoom cameras allow you clarity was there, you can to focus into one general say, “That’s so and so.” area based on analog techTo detect, is where you work with somebody, so you nology. But what you lose out on is the rest of the im(already) know who they age. (Under old technology) are. (The fourth is basic motion you focus in, but you’re not detection.) That way, I don’t recording the rest of the image. give them (a new customer) With the new? a $50,000 system, when
You can digitally zoom in while recording the entire image at the same time. What do you like best about what you do? I find the most enjoyment in the finished product and exceeding customer expectations. With the technology currently in place for some 40 years, being able to offer a much, much higher quality product at a reasonable price and see the customers’ faces as they see the final product. (In a recent installation) the customer walked by and said “Man, oh man, how technology has come so far.” It’s fun to see. Who are your mentors? Who do you turn to for business advice? I’ve got four older brothers that I always seek advice from. They’re all fairly successful within the business community. Every time I get advice, essentially they force me to come up with my own solution. I feel that that’s been my driving force – to trust my instincts and go with what I feel. Being able to bounce ideas off them … is a very good environment to be in. Contact Molly McMillin at 316-269-6708 or mmcmillin@wichitaeagle.com