Darrell Proctor is a publishing industry veteran with more than 30 years' experience writing about business, technology and sports. He spent more than a decade at the St. Petersburg Times and later the Rocky Mountain News, where he authored the Mile High Tech blog and was noted for his reviews of consumer electronics and technology. Questions for Darrell? Drop him a line at techexaminer@gmail.com.

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Marijuana laws, and Massachusetts' '$30 million' question

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November 5, 2:22 PM

by Darrell Proctor, Business Examiner

A report last year said marijuana laws nationwide
cost taxpayers $41.8 billion.

The decriminalization of marijuana in Massachusetts - which with Tuesday's vote became the 12th state to decriminalize small amounts of the drug - could save taxpayers $30 million in associated costs, say the supporters of the ballot measure, which was known as Question 2.

You can go here to learn more about what the decriminalization means, courtesy of WBZ-TV in Boston.

Go here to see a map that outlines state-by-state laws on marijuana.

And here's a report from September 2007 that says the nation's marijuana laws cost taxpayers $41.8 billion each year.

The Business Law Examiner also has weighed in on the ballot measure.

Topics: Business , elections 2008

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New newspaper business model - targeted local online ads

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November 3, 12:00 PM

It's no secret the newspaper industry has been suffering, having watched the Internet take away readers and often advertisers as the world turns to a 24-hour news cycle.But some in the industry are working to reverse the trend, and this New York Times... Read More
Topics: Business

Exxon Mobil announces 3Q profit - a record $14.83 billion

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October 30, 7:07 AM

Not everyone is seeing a downturn in the economy. Certainly not Exxon Mobil.The world's largest publicly traded oil company posted earnings of $14.83 billion in the third quarter. Exxon Mobil, based in Irving, Texas, says that tops its own record for... Read More
Topics: Business

Report: Can big food industry companies be trusted on nutrition?

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October 25, 8:58 AM

A report earlier this year from the Centers for Disease Control and Prevention that talked about obese children and overall obesity in the United States prompted several food industry companies to begin highlighting their campaigns toward better... Read More
Topics: Business

'Hope for Homeowners' program running into problems

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October 22, 3:18 PM

A program called "Hope for Homeowners" - signed into law in July - took effect Oct. 1. It was designed as a way for homeowners at risk of foreclosure to get help and keep their homes.But as this CNNMoney article points out, the program has... Read More
Topics: Business

Oil prices continue fall as demand drops

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October 22, 12:32 PM

The price of oil dropped below $67 a barrel today, a 16-month low. The government said there's a big increase in U.S. fuel supplies, and there's a corresponding decrease in demand.Those numbers are interesting because some analysts have said demand would... Read More
Topics: Business

NYC buses and trains to sport digital advertising

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October 21, 9:21 AM

You've probably seen them on the blimps at the Super Bowl and other sporting events. You might even catch them on the top of a taxi.New York City is taking it a step further. Its transit agency is ready to test digital advertising screens on the sides... Read More
Topics: Business

Circuit City short-circuit; 150 stores could close, thousands of jobs could go

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October 20, 11:34 AM

There's been plenty of turmoil in the electronics industry in recent years, and the economic slowdown could be about to claim another victim.Reports say Circuit City is ready to close at least 150 stores and cut thousands of jobs as it seeks to avoid... Read More
Topics: Business

Yahoo job cuts loom; more than 1,000 expected to be laid off

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October 20, 11:13 AM

Yahoo Inc. reports its quarterly earnings Tuesday. The company earlier had said it expects to cut some 1,000 jobs, but now reports say Yahoo may cut even more.The Wall Street Journal said Yahoo managers have been asked to identify operating budget cuts... Read More
Topics: Business

Fed chairman calls for another economic stimulus package

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October 20, 9:20 AM

The credit markets show signs of easing today. That's good news for the markets, and with Fed Chairman Ben Bernanke appearing before the House Budget Committee to talk about the nation's financial situation, it could be a good Monday.Bernanke is updating... Read More
Topics: Business