Tennessee Valley Authority will dole out $112.5 million in performance bonuses to employees this year, after a year of company cost savings, safety records, lower electric rates and low carbon emissions.Employees will get varying portions of that amount based on what percentage of their base salary is considered "at risk." The minimum is 5 percent of base salary. The highest amount of at-risk pay belongs to Chief Executive Officer Bill Johnson. TVA spokesman Jim Hopson said Johnson's at-risk pay is 170 percent of his base salary of $995,000, which the TVA board voted to increase by 5.5 percent last week. Performance metrics and the TVA board determine how much of the at-risk pay TVA employees, including Johnson, take home. More: TVA CEO Bill Johnson gets pay boost after utility reduced rates, improved air quality This year TVA reported the company exceeded its goals, earning 103 percent of the company at-risk pay. So employees will get … [Read more...] about TVA ends year with $112.5 million in performance bonuses
Full Car Details More Reviews Passing power was the last thing I thought I needed to traverse the winding passes through the Rocky Mountains. A well-balanced chassis to keep me from rolling off a cliff, all-wheel drive to handle potentially soggy weather, an ergonomic seat to keep me comfortable yet engage; these seemed like reasonable expectations for the 2018 Volvo XC60 that I was test driving. Rapid acceleration, on the other hand, was fairly low on the checklist. Yet, there I was, stuck behind a poky driver too enthralled by the scenery—or perhaps too intimidated by the twisting, undivided highway—to drive the speed limit. With little choice in the matter, I press hard on the right pedal and zoomed around my fellow motorist once oncoming traffic cleared. With a combined output of 400 horsepower from its T8’s Twin Engine system, overtaking this slow driver was little issue for the 2018 XC60, even while climbing the foothills west of … [Read more...] about Short Report: T8 Twin Engines bring enhanced performance to Volvo’s low-emissions 2018 XC60 plug-in hybrid
Subway riders on Wednesday will be able to add colorful new ways to track train performance to their colorful old language about delays. The Metropolitan Transportation Authority board got a look Monday at the new interactive dashboard that’ll let the riding public see a host of new metrics for subway performance. The statistics will be updated monthly. For the first time in New York, riders can see how long they’ve been waiting on station platforms and how much longer their train trips are taking. The dashboard will also track “major incidents” — where disruptions delay at least 50 trains — as well as chart how much subway service NYC Transit is running. The graphic panel was the result of an effort to see how transit agencies in other cities and countries measure their service, while also making the data easy to understand, said Tim Mulligan, executive vice president of NYC Transit. “We wanted to make sure we created a … [Read more...] about MTA to launch new dashboard for riders to track subway performance
(Reuters) - American Airlines Group Inc on Wednesday raised its estimate for a closely watched performance metric for the second time this year, citing higher average fares. The No.1 U.S. airline's shares rose as much as 3.1 percent in morning trading, lifting stocks of other large carriers. Unit revenue - which compares sales to flight capacity - is expected to increase by about 5 percent to 6 percent in the second quarter, compared with a 3.5 percent to 5.5 percent rise estimated earlier, American Airlines said. The company also raised the lower end of its adjusted pre-tax margin forecast to a range of 13 percent to 14 percent from a range of 12 percent to 14 percent. American Airlines is the latest carrier to lift its unit revenue estimate as an improving U.S. economy spurs demand for air travel. United Continental Holdings Inc , the No. 3 U.S. airline by passenger traffic, said on Tuesday it expected a 2 percent rise in passenger unit revenue for the second quarter, … [Read more...] about American Airlines raises estimate for key revenue metric
It's not you, it’s them. The MTA is slowing your subway roll. The agency blames it on the number of people who are taking the train these days. Riders, in other words, are just victims of the transit system’s success. In fact, according to an internal report obtained exclusively by the Daily News, the problem is that the MTA is ignoring one of its most important performance measurements — the one about being on time. “They’re not that worried about service,” a source familiar with the internal report said of agency brass. “They just think that it’s not really that bad. They’ve convinced themselves they don’t need to worry about abysmal ‘on-time performance.’ ” There are a lot more problems than that — such as aging cars and track equipment, new cars that struggle to perform as well as well as older ones, and an ancient signaling system, with parts dating back to Franklin … [Read more...] about EXCLUSIVE: MTA ignoring ‘abysmal’ on-time performance of subway trains
We’re living in a golden age for muscle cars. Almost every brand has a performance car as its halo atop a range spanning from hatchbacks to crossovers. The race to imbue them with more and more horsepower goes on uninterrupted, much to our delight. For a while, it seemed like true American supercars were being outpaced by European entries, led by Mercedes-AMG and BMW’s M division. But we’re very happy to report that the American muscle car market is alive and well. FOLLOW DAILY NEWS AUTOS ON FACEBOOK. 'LIKE' US HERE. That's why we brought together two of the best, for a head-to-head showdown between the Cadillac ATS-V Coupe and the Dodge Challenger SRT Hellcat. By most objective metrics, it makes the most sense to compare the fire-breathing Hellcat to a different Cadillac, the 640-hp supercharged CTS-V sedan. Looking more closely, however, the Hellcat and ATS-V Coupe are the competitors priced within a couple hundred dollars of one another. We also like … [Read more...] about Dodge Challenger Hellcat VS. Cadillac ATS-V Coupe – American performance superheroes battle it out!
On the first day of school Monday, when more than 400 students are expected to walk into Indianapolis Public Schools’ reinvented School 69, a new partnership begins.“They become our babies,” said new school leader Shanae Staples.She wants to promise students that this rebooted school will be better than the one that failed them five years in a row. That this is the education they deserve.That they will be part of the change, and that change will not just happen to them.That they will become leaders in the community.Charged with improving one of IPS’ most troubled schools, Staples is launching a new school model with an abundance of infectious optimism and confidence. Now called Kindezi Academy at Joyce Kilmer School 69, her school is a novel blend of public education options, coupling a traditional school district with a charter school.Her vision: a school where students work in small groups, with two teachers in every classroom, where learning can be … [Read more...] about IPS takes a risk in reshaping a poor performing school
PHILADELPHIA – Phillies bench coach Larry Bowa couldn't believe the numbers.First base coach Mickey Morandini and third base coach Juan Samuel were just as shocked.For anyone who's watched Phillies shortstop Freddy Galvis on a daily basis, the eye test says he's one of the best defensively at his position in Major League Baseball and a front runner to win a National League Gold Glove Award. Defensive advanced metrics for Galvis, however, don't exactly agree with that assessment. MARTIN FRANK: Blount only one example of Eagles' mistakes at running back Galvis' defensive performances presents a complicated case between the reliance of sabermetrics in the game today and trusting people within the sport based on what they see and evaluate on a day-to-day basis."That makes me wonder about defense because I've looked at some of the sabermetrics on Freddy and they don't jive to me," manager Pete Mackanin said. "I've seen him play every game – and I've … [Read more...] about Eye test vs. defensive metrics: Is Galvis worthy of Gold Glove?
There's a good chance that your employer's 401(k) plan offers a target date fund as a retirement investment option. These funds hold a mix of assets that, on their own, become more conservative as you approach your target year, which typically is about when you expect to stop working. Russell Investments, a major investment index provider, has created a new performance measure called the Target Date Metric to track the offerings of fund families, such as Fidelity, Vanguard or American Funds, over time. The gauge compares their performance to a benchmark 60/40 split of stocks and bonds common in traditional balanced funds. Target date funds start out with a higher allocation to stocks that diminishes over time, according to a formula known as a glide path. Since each fund company has its own formula, "You, as an investor, are really buying into that glide path," said Rolf Agather, director of index research & innovation at Russell. The Russell tool calculates the … [Read more...] about New yardstick Target Date Metric can help investors sort through retirement-year mutual fund choices
When Barack Obama backed performance pay in a speech to the nation's largest teachers union last week - and didn't get drowned out by boos - it was the latest indicator of a slow and steady but seismic shift in American school reform. Just a few years ago, a politician's mere mention of performance pay was enough to make the union paint a target on his back. Now - with more than 70 districts working to reward teachers based in part on the quality of the job they do, and a new federal fund spurring experiments all across the country, including $10.5 million in 10 New York City charter schools - it's a new day.Don't misunderstand. The arcane, one-size-fits-all salary schedule, which gives teachers with the same experience and degrees the same paycheck regardless of their effectiveness, is still dominant. But the cracks in the foundation are starting to grow.That means it's time for New York City and urban systems to give another hard look at what has, for years, been considered a … [Read more...] about Pay for performance: ready for its closeup