Monday, December 5, 2011

A Rearch on the Operating Effects of Finance Holding Company in ...

home > Finance > A Rearch on the Operating Effects of Finance Holding Company in Taiwan

?Abstract? Last century,in order to use resources more efficiently and archive scale economy,more and more finance corporations used mixed operation and emerged between companies which ran different businesses.The national financial regulators also released the regulations on mixed operation,so it turned to be the main trend of the finance industry around the world.There are many different types of mixed operation,one of them is financial holding company,in this type of company,all the information and humane resources and capitals can be shared more efficiently,the company can avoid the defects when a corporation run several different businesses. Besides that,the computer and IT technology have developed so quickly that they can decrease the costs in data processing and information management which enhances the advantage of financial holding company in mixed operation.Because financial holding company has so many advantages,it became the best choice of finance companies which run mixed businesses in 20~th century,Taiwan finance industry also chose it.Taiwan finance industry reformed in the end of last century to get more freedom and market force.Though it had enhanced the vitality and competition of Taiwan finance industry,it brought some new problems,there were too many finance corporations which competed intensely and the whole profitability level of Taiwan finance industry was decreased.The Taiwan finance industry also faced very strong competition from foreign finance companies,so it needed to find a way to develop in the 21~st century,the most important attempt was turn separate operation into mixed operation.Taiwan authority decreed ?The law of financial holding company? in 2001, 13 finance companies applied and got the authority to establish financial holding company in the same year.But the effects of financial holding company is not so sure,different scholars get different results with different methods,this paper hope to analyze the efficiency of financial holding companies in Taiwan with DEA model and find a elementary result.Mixed operation is in the exploratory phase in Mainland of China,the experiences of financial holding companies in Taiwan are very useful for the developing of mixed operation in Mainland of China.In the paper,the first thing is a simple introduction of mixed operation and financial holding company,and a background analysis of financial holding company in Taiwan.After that,a profile of financial holding company in Taiwan is given and the features of financial holding company in Taiwan are also summarized which provide a platform for follow-up analysis.The key parts of this article is chapter four and chapter five,DEA model is used to analyze the efficiency of financial holding company in Taiwan.In the last part,you can find the appraisal of the efficiency of financial holding company in Taiwan and some investigates of its future develop direction.

Title: A Rearch on the Operating Effects of Finance Holding Company in Taiwan
Category: Finance economics
Filename: A Rearch on the Operating Effects of Finance Holding Company in Taiwan.pdf
Pages: 128
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Source: http://www.economics-papers.com/?p=69028

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US jobless rate fell to 8.6 percent in November

Joshua Lott / Reuters

People wait to be interviewed during a job fair in Phoenix, Ariz., held last month.

By msnbc.com news services

Employment growth picked up speed in November, pushing the nation?s unemployment rate down to 8.6 percent -- its lowest level since March 2009.

The Labor Department reported Friday that nonfarm U.S. payrolls increased by 120,000 last month, accelerating from October?s 80,000 gain and roughly matching analysts? expectations. The U.S. jobless rate fell sharply from the prior month?s 9 percent level.

Private employers added a net gain of 140,000 jobs in November, but governments shed 20,000 jobs, mostly at the local and state level. Governments at all levels have shed nearly a half-million jobs in the past year. The Labor Department revised up its job gains for September and October by 52,000 and 20,000, respectively.

?The labor market is gradually healing. It?s a glacial pace, but we are taking small steps in the right direction,? said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Penn.

More than half the jobs added last month were by retailers, restaurants and bars, a sign that holiday hiring has kicked in. Retailers added 50,000, the sector's biggest gain since April. Restaurants and bars hired 33,000 workers. The health care industry added 17,000.

Still, a worrisome drop in the size of the U.S. workforce means that even with a big decline in the unemployment rate in November, it's still not time to break out the champagne.

The fall in the jobless rate was aided by 315,000 people leaving the workforce. That pushed the participation rate, a ratio of the amount of the population in the labor force, down to 64.0 percent.

Those who exited the workforce, many of whom gave up on looking for work, outnumbered the 278,000 people who found jobs, according the Labor Department's household survey, which is separate from payrolls data.

Even with the recent gains, the economy isn't anywhere close to replacing the jobs lost in the recession. Employers began shedding workers in February 2008 and cut nearly 8.7 million jobs for the next 25 months. Since then, the economy has regained nearly 2.5 million of those jobs.

The jobs report is unlikely to take much pressure off President Barack Obama, whose economic stewardship will face the judgment of voters next November. The outlook for the U.S. economy is also being threatened by Europe's ongoing financial crisis.

Speaking at a Washington, D.C., press event to promote a $4 billion effort to increase the energy efficiency of government and private sector buildings, Obama noted Friday that, despite some ?strong headwinds,? the U.S. private sector has now added jobs for 21 months in a row.

?We need to keep that growth going,? he added.

The relative strength of the jobs report is in keeping with a recent trend, bolstered by upward revisions to the employment counts for September and October. But it is not seen as proving decisive for the U.S. Federal Reserve, which is weighing whether the recovery needs further monetary policy support.

Data ranging from manufacturing to retail sales suggest the pace of expansion could top 3 percent, in contrast to China, where growth is cooling and much of Europe, where growth has stalled.

While the economy's growth pace appears to have accelerated from the third quarter's 2 percent annual rate, Europe's festering debt crisis poses a big threat. At the same time, U.S. fiscal policy is set to tighten in the new year, even if lawmakers extend a payroll tax cut.

Taken together, some analysts believe the headwinds facing the U.S. economy will lead the Fed to ease monetary policy further by buying more bonds.

Though the economy emerged from recession two years ago, about 25 million Americans are either out of work or underemployed, a fact that is hurting Obama's chances of winning a second term.

Analysts say the economy needs to create at least 125,000 jobs every month just to keep the unemployment rate steady. So far this year, job growth has averaged 125,600 jobs a month. At that pace, it would take about 4-1/2 years for employment just to return to where it was when the recession started.

But there are reasons to be cautiously optimistic.

While the government's survey of employers has shown a still tepid pace of job growth, its separate poll of households that is used to calculate the unemployment rate has suggested more-robust jobs gains.

The Associated Press and Reuters contributed to this report.

Do you think the economy is improving?

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Source: http://bottomline.msnbc.msn.com/_news/2011/12/02/9164231-employment-growth-picked-up-speed-in-november-jobless-rate-falls-to-86-percent

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Sunday, December 4, 2011

Amelia: Who Do I Want My Son to Be? I Want Him to Be Himself

My oldest son turned 7 a couple of months ago, and we had a big party with most of our family and friends. My niece Jamie arrived late because she had dance class that day. The present process had already been completed, and all the kids were running around like the crazy people they are. When my son spotted Jamie, he ran straight for her and engulfed her in one of his full-body hugs. She handed him his present, but he didn't make it past the card.

Jamie is an adorable and creative kid in her tweens, and for her cousins' birthdays and Christmas, she likes to make them little art projects about their names or the things they like. For this birthday she made my son a card with a picture of Blaine from Glee on the front. He was ecstatic. He immediately gave Jamie another hug and then ran around the party telling anyone who would listen, "This is my boyfriend Blaine. Jamie gave him to me." He couldn't have asked for a better present. And because he was surrounded by open and caring people, the responses were all, "That's great!" or, "He's pretty cute!" Jamie was so proud of herself for making him something he liked so much.

When I talk or write about how I consider the possibility that my son might be gay, people sometimes get upset. Why do I want my son to be gay? Why do I encourage him? How am I sure?

My gut reaction to questions like these (the one that usually stays in my head) is, "Those questions don't make any sense."

Having a child isn't like buying a new car. No one goes to the kid dealership and says, "I want the male heterosexual model with blue eyes and brown hair. I also want to add the athletic and musical options. Can I get the math and computer skills option without the teen social awkwardness, or do those always come together in this model?"

I want my son to be my son. I want him to be who he is, and like who he is. If he's gay, that's great, and if he's straight, that's great, too (or anywhere in the middle, for that matter). He may have come from my husband and me, but he is his own individual. I hope we are giving him the foundation to make good life decisions and choices, but whether or not he's gay isn't one of them. Because being gay isn't a choice.

I would like to think we encourage all the possibilities of who he may become. Part of that is supporting the things he likes. Right now he likes Blaine, ninjas, football and the movie Our Neighbor Totoro. And usually in that order. Why wouldn't I support all those things? Why wouldn't our friends and family? They make him the awesome little guy he is. Questions like "Why do you encourage him?" imply that there is something wrong with my kid. And there is nothing wrong with my son.

Am I sure that he's gay? In a word, no.

He's in the first grade, and it would be foolish and irresponsible of me to label him anything. He's not telling me, "Mom, I'm gay." As he grows up, it is his job to figure out who he is. If and when he decides to tell me is when I'll know for sure, and not before. Right now he is just a little boy with a crush on another boy. It feels right to him and makes him happy, and that's what matters to me.

That doesn't mean I don't worry. He isn't always in the cocoon of safety we provide. As he becomes more and more outspoken about his "boyfriend" (and despite not being allowed to watch the past few episodes of Glee -- they've been a little mature for him -- his crush remains steadfast), I know a negative reaction is only a matter of time, and I hope the foundation he's been given can stand up to it.

And it also doesn't mean we wait and do nothing. We have talked to the people in our lives and made sure that they know about his crush and know that we think it is totally OK (and won't put up with hearing a hear a word against it). We have an appointment with the principal of his school to talk about their policies on homophobic bullying. And those things happen away from him.

So, I am happy when my niece goes out of her way to make him something she knows he'll like. And I am even happier to know that Jamie made it with the knowledge and blessing of my brother and his wife. I want my son to know that everything about him is beautiful and worth celebrating. And I'll keep the hate away as long as I can, so that he can be my innocent little boy for as long as the world lets him.

?

Follow Amelia on Twitter: www.twitter.com/Amelia_blogger

Source: http://www.huffingtonpost.com/Amelia/who-do-i-want-my-son-to-b_b_1122098.html

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Senate approves $662 billion defense bill (AP)

WASHINGTON ? Ignoring a presidential veto threat, the Democratic-controlled Senate on Thursday overwhelmingly approved a massive, $662 billion defense bill that would require the military to hold suspected terrorists linked to al-Qaida or its affiliates, even those captured on U.S. soil, and detain some indefinitely.

The vote was 93-7 for the bill authorizing money for military personnel, weapons systems, national security programs in the Energy Department, and the wars in Iraq and Afghanistan in the fiscal year that began Oct. 1. Reflecting a period of austerity and a winding down of decade-old conflicts, the bill is $27 billion less than what President Barack Obama requested and $43 billion less than what Congress gave the Pentagon this year.

Shortly before final passage, the Senate unanimously backed crippling sanctions on Iran as fears about Tehran developing a nuclear weapon outweighed concerns about driving up oil prices that would hit economically strapped Americans at the gas pump. The vote was 100-0.

"Iran's actions are unacceptable and pose a danger to the United States and the entire world," Senate Majority Leader Harry Reid, D-Nev., said. "Iran supports terrorist groups, arms the killers of American soldiers, lies about its nuclear program, violates its citizens' basic rights and threatens Israel's security."

The Senate's version of the defense bill still must be reconciled with the House-passed measure in the final weeks of the congressional session.

In an escalating fight with the White House, the bill would ramp up the role of the military in handling terror suspects. Defense Secretary Leon Panetta and FBI Director Robert Mueller both oppose the provisions as does the White House, which said it cannot accept any legislation that "challenges or constrains the president's authorities to collect intelligence, incapacitate dangerous terrorists and protect the nation."

Late Thursday, a White House official said the veto threat still stands.

The bill would require military custody of a suspect deemed to be a member of al-Qaida or its affiliates and involved in plotting or committing attacks on the United States. American citizens would be exempt. The bill does allow the executive branch to waive the authority based on national security and hold a suspect in civilian custody.

The legislation also would deny suspected terrorists, even U.S. citizens seized within the nation's borders, the right to trial and subject them to indefinite detention. Senate Intelligence Committee Chairman Dianne Feinstein, D-Calif., had sought an exception to the provision for U.S. citizens, but her effort failed, 55-45.

Lengthy negotiations produced a face-saving move that the Senate backed 99-1, a measure that said nothing in the bill changes current law relating to the detention of U.S. citizens and legal aliens. Senate Armed Services Committee Chairman Carl Levin, D-Mich., repeatedly pointed out that the June 2004 Supreme Court decision in Hamdi v. Rumsfeld said U.S. citizens can be detained indefinitely.

The series of detention provisions challenges citizens' rights under the Constitution, tests the boundaries of executive and legislative branch authority and sets up a showdown with the Democratic commander in chief. Civil rights groups fiercely oppose the bill.

"Since the bill puts military detention authority on steroids and makes it permanent, American citizens and others are at greater risk of being locked away by the military without charge or trial if this bill becomes law," said Christopher Anders, senior legislative counsel for the American Civil Liberties Union.

The bill reflects the politically charged dispute over whether to treat suspected terrorists as prisoners of war or criminals. The administration insists that the military, law enforcement and intelligence agents need flexibility in prosecuting the war on terror after they've succeeded in killing Osama bin Laden and Anwar al-Awlaki. Republicans counter that their efforts are necessary to respond to an evolving, post-Sept. 11 threat, and that Obama has failed to produce a consistent policy on handling terror suspects.

The Senate rejected an effort by Feinstein to limit a military custody requirement for suspects to those captured outside the United States. The vote was 55-45. Feinstein said her goal was to ensure "the military won't be roaming our streets looking for suspected terrorists."

The issue divided Democrats, with nine senators, many facing re-election next year, breaking with their leadership and administration to vote against the amendment. Republicans held firm, with only Sens. Rand Paul of Kentucky, Mark Kirk of Illinois and Mike Lee of Utah backing Feinstein's effort.

"We need the authority to hold those individuals in military custody so we aren't reading them Miranda rights," Sen. Kelly Ayotte, R-N.H., said in defense of the legislation.

Last week, the administration announced a new set of penalties against Iran, including identifying for the first time Iran's entire banking sector as a "primary money laundering concern." This requires increased monitoring by U.S. banks to ensure that they and their foreign affiliates avoid dealing with Iranian financial institutions.

But lawmakers pressed ahead with even tougher penalties despite reservations by the administration.

Sens. Bob Menendez, D-N.J., and Kirk had widespread bipartisan support for their amendment that would target foreign financial institutions that do business with the Central Bank of Iran, barring them from opening or maintaining correspondent operations in the United States. It would apply to foreign central banks only for transactions that involve the sale or purchase of petroleum or petroleum products.

The sanctions on petroleum would only apply if the president determines there is a sufficient alternative supply and if the country with jurisdiction over the financial institution has not significantly reduced its purchases of Iranian oil.

Testifying before the Senate Foreign Relations Committee, David Cohen, a senior Treasury Department official, and Wendy Sherman, an undersecretary of state, warned that the amendment could force up oil prices ? a financial boon for Iran.

"There is absolutely a risk that in fact the price of oil would go up, which would mean that Iran would in fact have more money to fuel its nuclear ambitions, not less," Sherman said. "And our real objective here is to cut off the economic means that Iran has for its nuclear program."

Cohen said the amendment would tell foreign banks and companies "that if they continue to process oil transactions with the Central Bank of Iran their access to the United States can be terminated."

"It is a very, very powerful threat," Cohen warned. "It is a threat for the commercial banks to end their ability to transact in the dollar and their ability really to function as major international financial institutions," and one that could push allies away from contributing to a coordinated effort against Iran.

___

Associated Press writer Bradley Klapper contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_go_ot/us_congress_defense

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Saturday, December 3, 2011

Jackson legacy expected to thrive after trial (AP)

LOS ANGELES ? The private world of Michael Jackson, fiercely shielded by the superstar in life, was exposed in the trial of Dr. Conrad Murray. But rather than suffering harm from revelations of drug use, experts say Jackson's legacy and posthumous earning power will survive any damage done and could actually grow after he was portrayed as a victim of a money-hungry doctor.

Jackson died before he could launch a series of highly anticipated comeback concerts in London as he tried to regain the towering status he enjoyed when he released the "Thriller" album in 1983.

But his death did breathe new life into record sales and boosted other projects to generate hundreds of millions of dollars for his estate, even as his already tarnished personal life took another hit by revelations about his drug use.

Jackson zoomed to the top of the Forbes Magazine list of highest earning dead celebrities and his executors are moving quickly on more projects designed to burnish the performer's image and expand the inheritance of his three children.

A Cirque du Soleil extravaganza, "Michael Jackson: The Immortal World Tour" opens in Las Vegas this weekend, a precursor to a permanent installation at the Mandalay Bay Hotel, and fans are expected to flock there for a "Fan Fest" exhibit of Jackson memorabilia.

After the trial, a judge made it clear that the defense effort to cast Jackson as the villain in the case had been a miserable failure. Murray was convicted of involuntary manslaughter, called a reckless opportunist and sentenced to the maximum four years in prison.

Judge Michael Pastor also blasted Murray for experimenting on the pop star with the operating-room anesthetic propofol to help him battle debilitating insomnia, even though the drug was never meant to be used in a private home.

Some experts say the revelations made the King of Pop look more like a regular person coping with a difficult challenge.

"In the final analysis, not a lot of damage was done," Jackson biographer J. Randy Taraborelli said. "I think the trial humanized Michael Jackson. It presented him as a human being with problems."

As evidence unfolded, "It definitely made our hearts go out to Michael Jackson. He was a person suffering a great deal and not getting the help he needed," the author said.

Taraborelli said the entertainer's family, fans and estate executors were concerned before the trial that testimony would paint Jackson as responsible for his own death while resurrecting past accusations of child molestation and bizarre behavior by the King of Pop.

But the judge limited testimony and evidence to Jackson's final months and specifically ruled out any mention of the 2005 molestation trial.

Thomas Mesereau Jr., the attorney who won Jackson's acquittal in that case, believes the Murray trial did damage Jackson's reputation but said the impact would likely be short term.

"It certainly didn't help to have all this testimony about drug use," Mesereau said. "But as time passes, people will focus more on his music and the negatives will fade."

While Murray was ultimately shown to be negligent, the portrait of his patient that emerged during the trial was one of an aging superstar desperate to cement his place in entertainment history while providing a stable home life for adored children, Paris, Prince and Blanket.

The image of Jackson as a caring father had never been illustrated quite so vividly. A probation officer who interviewed Jackson's mother, Katherine, said she told him: "Michael Jackson was his children's world, and their world collapsed when he left."

A leading expert on the licensing and branding of dead celebrities believes the trial engendered so much sympathy for Jackson that in the long run it will eclipse negative fallout from his past.

"I don't think any tawdry revelations that may have come out of the trial will have any impact on his lasting legacy," said Martin Crebbs, who is based in New York. "We as a society tend to give everyone a second chance. Michael's legacy will be like Elvis and the Beatles. It will be his music, his genius. and his charitable works "

Crebbs has represented the estates of such deceased luminaries as Mahatma Gandhi, Albert Einstein, Steve McQueen and Mae West.

He is not involved in the Jackson estate but praised its executors' efforts. Beginning with the rapid release of the concert movie, "This Is It," he said, "They have done a brilliant job of reminding us of Michael's genius."

Taraborelli also cited the film based on rehearsals for Jackson's ill-fated concerts as a spectacular move setting the stage for a posthumous comeback of the Jackson entertainment empire.

"It made you want to embrace him," said the author of "Michael Jackson: The Magic and the Madness."

Jackson's eccentricities and bizarre behavior often made headlines. Whether it was traveling with a chimp named Bubbles, sleeping in a hyperbaric chamber or dangling his baby Blanket off a balcony, he managed to alienate many people. The molestation trial pushed him further from the mainstream.

"That all ended on the day the news was announced that Michael was dead," said Lance Grode, a former music executive and onetime attorney for Jackson who now teaches legal issues in music at University of Southern California.

"The public decided they prefer to remember Michael as this great superstar and music prodigy and to forgive and forget any negative things they had heard over the last 10 or 15 years," Grode said. "Nothing came out at the trial that was nearly as bad as things they had heard in the past."

Grode said evidence of public acceptance is seen in the Jackson estate's ability to generate a half-billion dollars in the wake of his death.

The Cirque show, which launched in Canada, is slated for 150 dates across North America through July and expected to run through 2014 internationally. The permanent Las Vegas show is due in 2013.

The year he died, Jackson sold 8.3 million albums in the U.S. ? nearly twice as many as second-place Taylor Swift ? and "This Is It" became the highest-grossing concert film and documentary of all time.

Joe Vogel, author of a new book on Jackson's music, and others said the most shocking part of the Murray trial was the playing of a recording of a drugged Jackson slurring his words while dreaming aloud about his future concert and his plans to build a fantastic state of the art children's hospital.

Vogel said the recording, found on Murray's cell phone, reveals the dark side of Jackson's world.

"Michael had a difficult life. He said once that you have to have tragedy to pull from to create something beautiful and inspiring. And that's what he did. His music has staying power," Vogel said.

Rich Hanley, a pop culture specialist who teaches journalism at Connecticut's Quinnipiac University, said Jackson had "complexities on top of complexities."

"There may be collateral damage to his reputation from the trial. His inner sanctum was penetrated for the first time," he said.

However, "his music is eternal. It brings universal joy to people and will continue as much as Elvis' work continues to attract new fans even though he's been gone for generations," Hanley said.

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//news.yahoo.com/s/ap/20111201/ap_en_ot/us_michael_jackson_legacy

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House Republicans step up anti-regulation effort (AP)

WASHINGTON ? House Republicans have launched their most ambitious, pro-business effort yet to rein in Obama administration regulators, triggering a furious debate over the value of new rules for clean air, workplace safety, children's toys and many other categories.

The House was set to vote Friday on the second of two anti-regulation bills, legislation that would impose potentially stifling procedures on federal regulators. Republicans argue that avoiding expensive new regulations would aid businesses in hiring workers, while Democrats counter that Americans' health and safety would be jeopardized.

The White House budget office didn't wait for the vote to announce that if the bill passed Congress, senior administration advisers would recommend a veto.

At this point, the Republican effort is mainly a 2012 campaign issue because the Democratic-run Senate has not passed any of the anti-regulation bills the House has approved this year.

Until now, Republicans have focused on derailing specific proposed rules, many of them from the Environmental Protection Agency. The latest effort, however, would curtail regulators ? and their proposed rules ? across the entire federal government.

The bill considered Friday, the Regulatory Accountability Act, would require numerous steps before new rules could be issued. Regulators would have to consider the legal authority for the rule, the nature and significance of the problem, any reasonable alternatives, and potential costs and benefits of the alternatives.

Federal courts would have an expanded role and the government would have a tougher legal standard to meet for a proposed rule to be affirmed.

OMB Watch, an advocacy organization that tracks federal regulations, said if the bill already had been law, the government would not have been able to issue a finding that greenhouse gases endangered public health. The group said it would have been more difficult to withstand court challenges to findings that a popular weed killer was dangerous. It would have been tougher to defend statements about the health impact of too much salt. And the government would have had to weaken a strong rule on lead in gasoline.

Still to come, probably next week, is a bill that would make it far easier for Congress to kill regulations.

The House on Thursday passed the first of the three bills in this latest anti-regulation effort. It would give more weight to the impact of federal regulations on small businesses, whose owners can be a powerful political force and are being courted by both parties.

The bill went to the Senate on a 263-159 vote.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_go_co/us_republicans_regulations

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Friday, December 2, 2011

Cain likely to hear from backers and doubters (AP)

ATLANTA ? Herman Cain says he must gauge the response of supporters before deciding whether his presidential candidacy can survive another allegation of inappropriate sexual behavior. He's likely to hear from backers and doubters alike over the next few days.

With a bus tour of Ohio set to begin Wednesday, Cain faced an early test of whether he could get back on track when he delivered a national security speech to nearly 1,000 people at conservative Hillsdale College in Michigan on Tuesday. He didn't address a Georgia businesswoman's accusation of a 13-year extramarital affair; he also avoided speaking to reporters and stuck to his plan to present his foreign policy vision, one in which the U.S. would stand by friendly nations such as Israel, quit giving money to countries he considered enemies and spend more on defense.

"Rather than the current philosophy of cut, cut, cut, I believe our philosophy should be invest, invest, invest," Cain said to an audience that gave him a standing ovation. "I happen to believe that we have allowed our military to get too weak."

Questions lingered over whether Cain's campaign for the Republican presidential nomination could continue. In a conference call with supporters Tuesday, he acknowledged the "firestorm" sparked by Ginger White's interview with an Atlanta TV station and admitted he was assessing whether her claims ? he flatly denies them ? are too much for his candidacy to go forward.

"If a decision is made, different than to plow ahead, you all will be the first to know," Cain said during the call, according to a transcript from the National Review, which listened in.

It was the latest blow for a candidate who has been under scrutiny in the past month, since it was revealed that the National Restaurant Association paid settlements to two women who claimed Cain sexually harassed them while he was president of the organization. Then a third woman stepped forward to accuse Cain of groping her in a car in 1997.

During Tuesday's call, Cain once again denied the affair.

"It was just a friendship relationship," he said, according to the transcript. "That being said, obviously, this is a cause for reassessment."

He went on: "With this latest one, we have to do an assessment as to whether or not this is going to create too much of a cloud, in some people's minds, as to whether or not they would be able to support us going forth."

Some have started to defect.

New Hampshire state Rep. William Panek endorsed Cain at a news conference earlier this year. But he changed his mind Tuesday after seeing reports that Ginger White, the woman accusing Cain of the affair, showed evidence that she had traded 61 text messages and cellphone calls with the candidate. Panek has endorsed former House Speaker Newt Gingrich in the upcoming primary.

"I felt like we were being lied to," he said. "I'm putting my name in New Hampshire as a state rep behind him and I just didn't like the way it was being played out."

In Iowa, Cain's campaign has lost some precinct-level supporters in light of the new allegations, Steve Grubbs, Cain's Iowa chairman, said during an interview with CNN.

Cain was in Iowa for a day last week to film a new ad, but spending to air it was on hold pending the fundraising in the days to come, Grubbs said.

"If people make contributions, then we'll keep the campaign doors open and be able to keep paying people," Grubbs said. "Otherwise, Herman Cain will have to make a decision whether he can afford to keep moving forward."

Cain has responded more aggressively to the latest allegations than he did with the earlier claims. He issued a pre-emptive denial before the latest accuser even went public. He also sent a message to his supporters Tuesday calling the allegations of an affair "a fabricated, unsubstantiated story." He accused White of abusing their friendship.

"I am writing you today to assure you that this woman's story is completely false," Cain said in the email. "I do know Ms. White. I have helped her financially at times over the past few years, just as I have helped many friends and acquaintances throughout the years. I thought Ms. White was a friend in need of a supportive hand to better her life."

Florida state Rep. Scott Plakon, one of four chairmen for Cain's Florida campaign, described Cain as calm and deliberate when speaking to his campaign supporters. Plakon said he wanted to see more evidence before he could believe Cain's latest accuser.

"If it is true that he didn't do this, I think he should fight and kick and scratch and win," Plakon said.

But if Cain did have the affair, Plakon said, it would be unacceptable to Republican voters.

"That would be very problematic," he said. "There's the affair itself and then there's the truthful factor. He's been so outspoken in these denials."

___

Associated Press writers Kathy Barks Hoffman in Hillsdale, Mich., Beth Fouhy in New York, Thomas Beaumont in Des Moines, Iowa, and Steve Peoples in Amherst, N.H., contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111130/ap_on_el_pr/us_cain

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