Chilean Mines Reopen

Chile reopened its copper mines, closed after Saturday's earthquake, on Monday. There was no serious damage reportedly done to the mines and some were unaffected. A quarter of the top copper producing mines were shut down over the weekend. According to The New York Times, the mines were shut down because of power outages and fear of further disruption. The mines near Santiago suffered from a loss of electricity, but the world's number one producer of copper, Codelco, was receiving normal electricity.

The earthquake is unlikely to have any long-term impact on the copper industry. Though the price of copper recently rose, but since the mines are mostly unharmed, it will begin to balance out. The global inventory of copper is currently at a high level. Chilean ports have reopened, and will begin exporting copper immediately. 

Thomas Jones to test free agency

The New York Jets plan to release running back Thomas Jones this week. Jones was the leader of the NFL's top ranked rushing offense. According to ESPN, Jones and the Jets were unable to reach a contract reconstruction agreement. Jones was scheduled to receive $5.8 million in salary and roster bonuses during the 2010 season. Jones is being released after having a career-high season in touchdowns and rush yards. Shonn Greene, a 2009 draft pick is expected to be the new starter.

SU and ESF reach a compromise

Syracuse University has agreed to pay 85 percent of the tuition for children of SUNY College of Environmental Science and Forestry employees. Children of ESF employees had previously attended SU for free. SU officials wanted to end the free tuition plan completely as a part of the university's benefits reconstruction plan, but they agreed to this arrangement on Monday. According to The Post-Standard, ESF employees now have to pay $5,000 not including room and board. This cost is equal to a SUNY tuition. This new plan would not take effect until fall 2011.

SU also plans on charging its employees up to 10 percent of the tuition for their children. This would occur only if the plan is approved the the SU board of trustees later this month.