Facebook boosts size of IPO by 25 percent
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FILE - This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year s hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)
FILE - This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year's hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)
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NEW YORK (AP) — Facebook says 25 percent more shares will be sold as investors clamor for shares in the year's hottest stock offering.

Facebook said in a regulatory filing Wednesday that about 421 million shares will be sold, up from 337 million under its earlier plans.

The increased size signifies heavy investor demand for the shares. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from its previous range of $28 to $35.

If all the shares being offered — including more than 63 million more shares that the deal's underwriters can sell to cover excess demand — are sold at the high end of the expected price range, the social network's offering could raise more than $18.4 billion. That would make Facebook one of the biggest IPOs ever.

The IPO is the most hotly anticipated in years and would value Facebook overall at more than $100 billion.

In a filing with the Securities and Exchange Commission, Facebook says that the extra shares being made available are coming from its current shareholders. The selling shareholders are now offering approximately 241 million shares, up from about 157 million shares previously.

Facebook will not receive any proceeds from the stock sold by the selling shareholders.

The regulatory filing also disclosed that CEO Mark Zuckerberg will control about 55.8 percent of the voting power of the company's outstanding capital stock following the offering. This is down slightly from the 57.3 percent he was initially expected to have.

Facebook has more than 900 million users who log in at least once a month.

Morgan Stanley leads the team of 33 underwriters selected for the Facebook offering, followed by JPMorgan Chase and Goldman Sachs.

The offering is expected to set the final price Thursday evening. Shares would start trading on the Nasdaq on Friday under the "FB" ticker symbol.
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Floyd County School Board changes first day of next school year to Aug. 8
by Floyd County Schools reports
21 mins 51 secs ago | 146 views | 0 0 comments | 1 1 recommendations | email to a friend | print
The Floyd County Board of Education approved a revised calendar for next school year that changes the start date for students from August 1 to August 8. In a move to save jobs and important school programs, Superintendent Dr. Lynn Plunkett made a motion to change the start date for the school year which takes five school days from the calendar approved last fall.

The revised school calendar can be found on the Floyd County Schools website at http://www.floydboe.net/FCS_Calendars/calendarList.cfm

The motion was unanimously approved by the board. The change will also remove three additional work days from the calendar for employees that will be taken from teacher planning days in the calendar. Local schools will determine which days will be taken for the three additional reduced work days at the local schools. "Removing instructional days is never a decision that I or the board want to make but with the need for reducing the work calendar by eight days due to funding reductions, this will have less impact than if we took all of the time from teacher planning," stated Plunkett. "We have new state standards that go into effect next year so it is imperative that teachers receive the training they need to make these changes in their classrooms." The revised calendar will not impact any other important calendar dates for students in the previously approved calendar

School systems across the state will begin to use the new Common Core Georgia Performance Standards this fall. Georgia joined with 46 other states, The District of Columbia (D.C.), and territories to develop a set of core standards for kindergarten through high school in English language arts and mathematics and in grades 6-12 in literacy in science, history/social studies, and technical subjects. The Common Core Georgia Performance Standards (CCGPS) provide a consistent framework to prepare students for success in college and/or the 21st century workplace. Training to provide teachers with the tools needed to make the new standards work for children in the classroom is planned for this fall.

The move to reduce the work schedule by eight days for next school year will save an estimated $2.4 million from the 2013-2014 budget. "We are making this move to keep our school system from having to close schools, lay-off employees or cut programs like so many other systems in our state are having to do this next year," stated Plunkett. "We see school programs being decimated and communities devastated all around us due to funding reductions for public schools all across the state and this move to reduce the work schedule will keep us from going down that pathway in Floyd County next year." The system Budget Steering Committee made up of teachers, principals, board members and central office staff has been working to develop next year's school budget for board approval. The group recommended the reduction of work days and instructional days for next school year.

The combination of less state funding and less local taxes received over the past few years is creating a funding crisis for local school systems where salaries and benefits make up the bulk of the budget. As costs of operation continue to rise, the Floyd County system budget has decreased from over $98 million in 2009 to just over $92 million in 2011. Salaries and benefits for staff members and teachers make up approximately 89 percent of the budget for Floyd County Schools. The problem also has had a major impact in communities as local school systems are one of the communities largest employers in most counties in the state. Floyd County Schools is the second largest employer in Floyd County. Plunkett said, "We want to keep our people working because we have a great staff positively impacting the future of children but we also know that keeping people working is important for the well-being of our community." The $2.4 million savings will allow Floyd County Schools to continue to offer programs in the arts, physical education, advanced courses and student counseling that have been cut from many school programs in the area.

Click here to read additional press releases on RN-T.com.
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Georgia first lady speaks at Leadership Rome graduation
by Lauren Jones, Staff Writer
22 mins 13 secs ago | 73 views | 0 0 comments | 0 0 recommendations | email to a friend | print
Lisa Brown-Ingram (far left), United Community Bank, receives a handshake and plaque from Teresa Lumsden, State Farm Insurance, and Chip Hood, Evergreen Landscaping, Tuesday, May 15, 2012 during the Leadership Rome class XXIX graduation dinner. (Daniel Varnado RN-T.com)
Lisa Brown-Ingram (far left), United Community Bank, receives a handshake and plaque from Teresa Lumsden, State Farm Insurance, and Chip Hood, Evergreen Landscaping, Tuesday, May 15, 2012 during the Leadership Rome class XXIX graduation dinner. (Daniel Varnado RN-T.com)
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The Greater Rome Chamber of Commerce held a graduation dinner in honor of the Leadership Rome Class XXIX Tuesday, May 15, 2012 at the ECO Center in Ridge Ferry Park. First Lady Sandra Deal was the guest speaker and talked about her experiences in leadership. (Daniel Varnado RN-T.com)
The Greater Rome Chamber of Commerce held a graduation dinner in honor of the Leadership Rome Class XXIX Tuesday, May 15, 2012 at the ECO Center in Ridge Ferry Park. First Lady Sandra Deal was the guest speaker and talked about her experiences in leadership. (Daniel Varnado RN-T.com)
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First Lady Sandra Deal was the guest speaker Tuesday, May 15, 2012 at the Greater Rome Chamber of Commerce Leadership Rome XXIX class graduation dinner at the ECO Center in Ridge Ferry Park. (Daniel Varnado RN-T.com
First Lady Sandra Deal was the guest speaker Tuesday, May 15, 2012 at the Greater Rome Chamber of Commerce Leadership Rome XXIX class graduation dinner at the ECO Center in Ridge Ferry Park. (Daniel Varnado RN-T.com
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People don’t just decide they want to be leaders and then automatically become one, said Georgia First Lady Sandra Deal.

Instead, leadership is born from recognizing a need and doing what you can to fill that need, she said before a group of nearly 30 pillars of the community at the Leadership Rome XXIX graduation dinner at Ridge Ferry Park’s E.C.O. River Education Center on Tuesday evening.

“Do whatever you feel is right in your heart,” Deal said. “When your heart speaks to you, reach out and do what you feel is the right thing.”

The first lady told Leadership Rome members that she never thought of herself as a leader.

“I just did what needed to be done, and people helped me,” she said. “Then people will come to you, too, because they’ll see that you need them, and then they see that it’s important to do. And sometimes that’s all it takes.”

Deal said leading should always go hand in hand with a cause that is close to your heart.

“It’s listening and observing, being aware of needs you found and then finding a way to fill those needs,” she said. “But whatever you do should be done with joy.”

A program sponsored by the Greater Rome Chamber of Commerce, Leadership Rome seeks to educate active members of the community about what goes on behind the scenes, said event coordinators Chip Hood and Teresa Lumsden.

Hood said that during the course of the year, he and Lumsden planned different educational outings each month for the 29 Leadership Rome members to go to so they could gain a greater knowledge about how the community functions.

“We did subjects like quality of life, health care, industry, and we go to all of these places,” said Hood. “Basically, as a Leadership Rome member, you learn about the things that happen in Rome.”

Lumsden said the events provided an in-depth look into how local government operates, too, as members attended City and County Commission meetings and were able to ask questions and observe local government processes first hand.

“They got to see a lot of the behind-the-scenes things that people don’t get to see,” she said. “Chamber members nominate folks who they think have been active in the community and have shown some leadership skills.”

The 29 graduates were Ricky Beeman, David Brearly, Lisa Brown-Ingram, Ted Buckenham, Brad Bushnell, Chris Cannon, J.R. Davis, Kathy Duncan, Charisse Durham, Kate Fitchett, Kellee Garner, Zach Green, Mark Harrison, Eric Jens, Todd Jones, Gary Majestic, Melanie Mansell, James Milford, Stephanie Owens, Jennifer Perkins, Katie Rutledge-Silver, Jay Shell, Lauren Simpson, Jack Smith, Stephen Smith, Tequila Smith, Paul Webber, Jeff Williams and Barbara Willingham.

Fitchett, who works with Garner and Glover insurance company, said participating in Leadership Rome enabled her to create bonds and friendships with other community members with whom she works on a regular basis.

“I have such a bigger knowl­edge of the way Rome functions,” she said. “Getting to know the people who build this community, seeing how it functions and runs is a really great experience.”

Now, Fitchett said she has a firm grasp on how all the different aspects of the Rome community functions born from different valuable experiences.

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Advocates for disabled reach out to community
by Diane Wagner, staff writer
22 mins 16 secs ago | 46 views | 0 0 comments | 0 0 recommendations | email to a friend | print
Sumner, a guide dog owned by DisAbility Link Executive Director Maia Santamaria, sits on the floor as Santamaria talks with sign language instructor John C. McDonald (middle) and volunteer Terri Cooper at their new facility. (Daniel Varnado RN-T.com)
Sumner, a guide dog owned by DisAbility Link Executive Director Maia Santamaria, sits on the floor as Santamaria talks with sign language instructor John C. McDonald (middle) and volunteer Terri Cooper at their new facility. (Daniel Varnado RN-T.com)
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disAbility Link Executive Director Maia Santamaria (from left), sign language instructor Johnny McDonald, and volunteer Terry Cooper talk on Tuesday in the conference room of disAbility Link’s new facility located at 242 North Fifth Avenue next to Rome Resale. (Daniel Varnado RN-T.com)
disAbility Link Executive Director Maia Santamaria (from left), sign language instructor Johnny McDonald, and volunteer Terry Cooper talk on Tuesday in the conference room of disAbility Link’s new facility located at 242 North Fifth Avenue next to Rome Resale. (Daniel Varnado RN-T.com)
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American Sign Language and finger-spelling classes are starting up Thursday night at the Goodwill Career Center on Hicks Drive.

The classes are the first local ones offered in several years, said disAbility Link Executive Director Maia Santamaria, who recommended them especially for people in the medical, retail and legal fields.

“Actually, anywhere you’re going to be working with the public, you’re going to run into deaf people who appreciate you being able to communicate with them,” she said.

Instructor John C. McDonald said miscommunication by physicians or police could have serious consequences. At other times, it could lead to awkward embarrassment.

“For example, the signs for ‘more coffee’ and ‘smooching and necking’ are so close it’s not even funny,” he said, a broad grin belying his assessment.

The seven-week courses are jointly sponsored by disAbility Link and the Sign Language Interpreters of North Georgia. Fees are $40 for the finger-spelling sessions and $70 for basic ASL, plus the cost of the textbook. Some discounts are available.

For more information or to register email msantamaria@disabilitylink.org or call 706-314-0008, ext. 104.

Santamaria said her Rome-based advocacy group recently moved into new offices at 242 N. Fifth Ave. and is planning to ramp up its outreach efforts.

An open house is scheduled for 2 to 4 p.m. Tuesday, and she’s hoping anyone curious about who the group is and what they do will drop by to learn more.

“It’s for consumers, people with agencies, friends, families, everyone,” she said. “We want the community to know we’re here, and we offer services to empower people with disabilities.”

Volunteer Terri Cooper said she thought she’d spend the rest of her life in a nursing home after suffering a series of strokes, but disAbility Link sponsors provided her with options.

“They showed me how to help myself and be on my own,” Cooper said. “Now it makes me feel good to give back what they’ve done for me.”

Anyone could end up in a nursing home, watching their savings and other assets being eaten up by the costs, Santamaria noted. People without family support systems are particularly vulnerable.

“By the time you’re recovered you have no resources left, but we can help find programs and other support,” she said. “It’s far more economical to live independently than in a nursing home.”

Physical accessibility — in public and private spaces — is another area disAbility Link promotes. Santamaria said it’s much easier to build homes, restaurants and government offices to admit wheelchairs than to retrofit the structures.

The organization is hosting a free workshop on May 24 for state and local officials, employers and other interested parties to learn about recent changes to the Americans with Disabilities Act and their responsibilities under federal law.

The seminar, presented by the Disabilities Resource Group, runs from 9:30 a.m. to 12:30 p.m. at the Goodwill Career Center. Register by Friday with Nancy Duncan via email to nancyduncan­@bellsouth.net or by calling 770-451-2340.





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