2 Agape leaders to speak at China elder care conference
Two of the leaders of West Columbia-based Agape Senior are scheduled to speak at an international conference on elder care in China this month.
Scott Middleton, founder and CEO, and James Williamson, chief human capital officer, will talk on Nov. 19 about developing a system of recruiting, training and retaining elder care workers.
The annual conference of the International Association of Homes and Services for the Aging will be in Shanghai, China. Delegates will represent dozens of countries worldwide.
BorgWarner auto parts plans to add 105 jobs in $24.6 million Seneca plant expansion
Auto parts maker BorgWarner Inc. plans a $24.6 million expansion of its Seneca plant and add 105 jobs. Auburn Hills, Mich.-based BorgWarner supplies parts to a number of companies including Ford, Toyota, General Motors, Hyundai BMW, Honda and John Deere.
Price of gasoline hits a two-year low
The price of gasoline is the lowest in nearly two years, an early holiday gift for U.S. drivers.
The nationwide average for gas is now $3.21. It hasn’t been that low since December 2011.
Gas has fallen 38 cents since Labor Day, a period in which oil prices declined by about $14 a barrel. In addition, a relatively calm hurricane season has meant no major storm-related disruptions at the nation’s big refineries.
AAA earlier this week forecast the national average could drop to $3.10 by the end of the year.
New rules to close large insolvent banks without harming financial system being drafted, Bernanke says
Federal Reserve chairman Ben Bernanke says the Fed is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis.
Bernanke says the absence of a process to deal with systemically important institutions in 2008 left regulators facing the “terrible choices of a bailout or allowing a potentially destabilizing collapse.” Bernanke made the comments at a conference sponsored by the International Monetary Fund
Staff writers Andrew Shain and Joey Holleman and The Associated Press contributed.