Area dentist featured
in national magazine
A Back Mountain dentist is being featured in the fall issue of the national dental magazine Incisal Edge, which is published by Pittston Township-based Benco Dental.
Dr. James DeFinnis, 39, owner of Back Mountain Dental in Shavertown, was nominated as one of the magazine’s “40 Under 40” — the magazine’s list of “the profession’s best young practitioners.” In a spread touting the professionals as “poised to heal — and dressed to kill,” DeFinnis sports a Burberry suit, Michael Kors shirt, tie by Hugo Boss and shoes by Mephisto.
DeFinnis was nominated because he is the third dentist in his family to attend Temple’s Kornberg School, has more than a decade of experience and an expansive, seven-operatory office with state-of-the-art diagnostic and treatment technology, according to the magazine.
To find out his favorite aspect of dentistry, the tool he can’t live without and an interesting tidbit you might not have known about the local dentist, go to www.benco.com and click on the Fall 2013 Incisal Edge magazine cover in the right column.
Beanie Babies tycoon
pleads to tax charge
The billionaire who created Beanie Babies broke down crying in court Wednesday as he pleaded guilty to one count of tax evasion for hiding $25 million in income in secret Swiss bank accounts.
H. Ty Warner, 69, also apologized as he stood before a federal judge in Chicago.
“I have so much to be thankful for,” said the suburban Chicago businessman, his voice breaking as he cited his Illinois-based stuffed-toy company, TY Inc. “There is no excuse for my actions.”
The toy-maker’s 18-page plea deal says guidelines call for a prison term of around four years — a calculation that makes it likely he’ll serve time behind bars. It also requires he pay a $53 million civil penalty.
Warner admitted he evaded paying $5 million in taxes due to the IRS over an 11-year period by setting up the secret accounts. At one point, he was concealing as much as $107 million, prosecutors said.
ADP: Jobs growth
U.S. businesses added 166,000 jobs in September, only slightly more than the previous two months. The lack of improvement in hiring, along with the threat of a prolonged government shutdown, could help persuade the Federal Reserve to delay scaling back its stimulus.
Payroll company ADP said Wednesday that private employers added just 159,000 jobs in August and 161,000 in July. Both were lower than the previous estimates.
The figures are taking on greater importance because they might be the only measure of the September job market for some time. The Labor Department will have to delay its September jobs report, scheduled for Friday, now that it appears the government shutdown will continue today.
The ADP data suggest that the economy is growing too slowly to rapidly boost hiring. Economists forecast that it expanded by a 1.5 percent to 2 percent annual rate in the July-September quarter, down from a 2.5 percent annual rate in the April-June quarter.