QUES: Meridian National Corp. said it sold 750,000 shares of its common stock to the McAlpine family interests, for $1 million, or $1.35 a share. The sale represents 10.2% of Meridian's shares outstanding. The McAlpine family, which operates a number of multinational companies, including a London-based engineering and construction company, also lent to Meridian National $500,000. That amount is convertible into shares of Meridian common stock at $2 a share during its one-year term. The loan may be extended by the McAlpine group for an additional year with an increase in the conversion price to $2.50 a share. The sale of shares to the McAlpine family along with the recent sale of 750,000 shares of Meridian stock to Haden MacLellan Holding PLC of Surrey, England and a recent public offering have increased Meridian's net worth to $8.5 million, said William Feniger, chief executive officer of Toledo, Ohio-based Meridian.
Do you have any questions?
MY QUESTION: What will be the increase in the conversion price per share if the loan is extended?

QUES: Milwaukee, Wisconsin (CNN) -- President Barack Obama, in a bid to create jobs and boost economic growth, called on Congress on Monday to pass a $50 billion plan to renew the country's transportation infrastructure. His address was the first of two speeches the president is scheduled to make this week to frame his administration's ongoing response to the recession, less than two months ahead of midterm elections in which Democratic majorities in the House and Senate are in jeopardy. "Today, I am announcing a new plan for rebuilding and modernizing America's roads, and rails and runways for the long term," said Obama, who spoke on Labor Day in Milwaukee, Wisconsin -- a state with competitive gubernatorial and U.S. Senate races. "We used to have the best infrastructure in the world. We can have it again," he said to loud cheers from a crowd of union workers. The proposal envisions -- over a six year period -- rebuilding 150,000 miles of roads, 4,000 miles of rail and 150 miles of airport runways. It also would include modernizing the nation's air traffic control system in an effort to reduce delays and travel time. "This will not only create jobs immediately. It's also going to make our economy hum over the long haul," said the president. Obama hopes to work with Congress to enact an up-front investment of $50 billion -- an amount a White House statement said would represent a significant chunk of new spending on infrastructure. The investment would then be paired with what the administration called a framework to improve transportation spending. The long-term plan would include the establishment of an Infrastructure Bank, which would leverage federal dollars and focus on projects that could deliver the the biggest bang for the buck, Obama said. The president stressed the need for Democrats and Republicans to work together on the transportation initiative, which would need to be approved by Congress.
Do you have any questions?
MY QUESTION: What did the president say would be two significant benefits of spending to rebuild many miles of roads, railways, and runways?

QUES: Grande dame of cooking still going strong at 90: Julia Child celebrates in San Francisco. How does it feel to turn 90 and have attained the status of an icon, a living legend? "It feels just like it felt before," Julia Child says with the throaty laugh familiar to millions who cut their culinary teeth on her "French Chef" television series. The show, along with her seminal book, "Mastering the Art of French Cooking" (1961), revolutionized the way America cooks and eats. While making light of the difference a day -- or another decade -- makes, Child intends to enjoy her birthday thoroughly. First, there will be all the public observances, including a sold-out dinner Thursday at San Francisco's tony Fifth Floor restaurant, which -- like dinners that night at 19 other venues across the country -- will benefit the scholarship fund of the International Association of Culinary Professionals (which Child co-founded). Friday to Sunday, the action moves to Napa, with both members-only and public events at COPIA: The American Center for Wine, Food and the Arts, of which she is an honorary board member. Aug. 15, her actual birthday, will see her in Maine at an annual gathering of nieces, nephews, their offspring and friends, who for many years have rolled a joined birthday celebration for several members of the group into a jolly reunion. The schedule Child and her assistant of 14 years, former pastry chef Stephanie Hersh, have laid out is not exactly a senior-citizen routine, even though Child has always been candid about her age and realistic in assessing her own capabilities. When the Pasadena native moved back to California from her long-time home in the Boston area last year, she also made the move from a condominium she and her late husband, Paul, had purchased many years ago to a progressive retirement home. She is in the most active of the four levels available, but should the need arise, she can move on to assisted living facilities within the same complex.
Do you have any questions?
MY QUESTION: Julia Child is an icon and a living legend. She is a member of many groups and organizations. Name an organization that recognizes Child.

QUES: On the previous evening,--March 12th,--the monotony of the camp had been unexpectedly disturbed by the arrival, from the direction of Salt Lake City, of a horseman completely exhausted by fatigue and cold, who proved to be no other than Mr. Kane, whose mission to the Mormons by way of California was at that time totally unknown to the army. The next morning he introduced himself to the Governor, was received as his guest, and remained in conference with him throughout the day. What was the character of their communication is unknown, except by inference from its results. When presented to Judge Eckels, on the following day, Mr. Kane exhibited to him the letters he bore from the President, and other letters, also, from Brigham Young, accrediting him as a negotiator in the existing difficulties. To General Johnston he showed nothing; nor did the Governor, to the knowledge of the camp, acquaint either that officer or any other person with the purport of his business. It was evident to everybody, however, that the Mormon leaders, conscious of their inability to resist the force by which they would be assailed so soon as the snow should melt upon the mountains, were engaged in an effort, of which Mr. Kane was the agent, to secure through the Governor, if possible, indemnity for their past offences, in consideration of acknowledgment of his authority.
Do you have any questions?
MY QUESTION:
Was the public explicitly made aware of the mission or business of Mr. Kane at any point?