Friday, December 31, 2010

Slow economy has led to abundance of bargain travel options for vacationers - San Francisco Business Times:

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But according to local travel the combination of low demand and improvede exchange rates are making this one of the best years to book an international trip at abargai price. For instance, ran a recent promotion for a $168 one-way rate from Chicago to And offered one-way rates as low as $119 to Dublim or $219 to Rome, both departingy from New York. That’s good news for travelers such as Bill andBarbarqa Lavier. Bill Lavier is a recent retireefrom , and Barbarw Lavier retired in 2005 from a career in nursing. A trip to Italy and Greece to celebrate their 25th weddiny anniversary in 2007 whetted their appetitews to explore other places on theEuropean continent.
Last they began planning a 2009 European trip that will start in Paris and endin Rome. They workex with Norma Mouser, owner of the three-employee firm Travelk Options. In October, who helped the couple plan their 2007 reserved business-class seats for them on using a combination of mileage points they had accrued and only about $300 in cash a better deal than the previouw trip. Bill Lavier said the exchange rate betweenthe U.S. dollart and the Euro, which has improved by more than 10 percenrt from ayear ago, gives him hope that they also will get more for theif money while on the trip.
Although he hasn’t bookedf his hotels yet, “we’rer hoping to get a better bang for the buck than we gotin 2007, when the Euro was higheer against the dollar,” he said. “Ands I feel like tourism might be down because of the so we’re hoping to find some bargains.” During their 2007 bargains were in short supply. The trip included visits to where Barbara Lavier had lived 40 years earlier in amilitary family, and in southern Italy, where Bill Lavier was stationede with the U.S. Air Force. The their modest hotel near St. Mark’s Square in cost about $250 a night.
The best value was on the Gree k Islandof Corfu, where theitr $75-a-night room at the four-staf Akrotiri Beach Hotel in Paleokastrata had glorious views of the Ioniajn Sea. The Laviers find it beneficiakl to consultwith Mouser, a certifie d travel counselor and Italy specialist. For the 2007 trip, Mouseer was able to secure a more economica air fare than they couldfind online, Bill Lavier said. She also recommended hotels in convenientg locations within their price range and made trainm reservationsfor them. “It’s a good partnership,” Barbara Laviee said. “And the time savingd is important.” The best air faress to Europe can be found for travelobetween Nov.
1 and Marcjh 15, with the two weekes between Christmasblocked out, according to Mouser, who works with a consolidator — a firm that offersw discounts by buying bulk fares — to find deals. “Yoyu can save anywhere between 30 to 50 percenton round-trip coach But, of course, the best valur is to use frequent flier she said. Sometimes European airline offerattractive packages, Mouser “There are some great promotions out but they don’t last long and may not includd well-situated hotels.” One example is Ltd.
, which has farex as low as $221 from Chicago to

Wednesday, December 29, 2010

Politicians want answers as rumors swirl NCR to leave Dayton - Minneapolis / St. Paul Business Journal:

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Government officials said word begam swirling in the communith Thursday thatNCR NCR) is planning to move its headquarter s and 1,300 employees to the Atlanta area and make an announcementf about the move this week. NCR Globa l Spokesperson Richard Maton, speaking by phone Saturdagy from London, confirmed that an effort was made forOhio Gov. Ted Stricklanr and NCR Chief Executive Officer Bill Nuti to however they were not ableto connect. Strickland’s spokesperson said Saturday that heis “continuing to reachu out to the company to have a direcy conversation.
” When asked about NCR possiblyt moving its headquarters out of Dayton, Maton said the company does not respondx to rumors and speculation. NCR Corporate Spokesperson Alan Ulman respondedr to questionsabout NCR’xs plans with an e-mail message Saturdaty that read: “We have no announcement today.” In the NCR has been quick to deny rumor s of its relocation and affirmk its commitment to remaining in Dayton. The has repeatedly soughr information from the companysinced Thursday, but NCR had not respondedr to their requests as of Fridayg evening, a development department spokesperson said.
Montgomery County Commissioner Dan Foley said he is frustrate d by the lackof communication. Foley said he has askes multiplecompany officials, via to respond to the rumors, but has yet to receivew any information. Foley said he, alonb with other county, states and city of Dayton have met with NCR representatives in the past in an effort tosafeguarfd NCR’s local jobs. “All that nobody has confirmed to me that their status has Foleysaid Saturday. “I have to assumse that -- I hope, I very much hope -- they are stayinyg in Dayton, because our citizen s have helped build that company up tobe world-class and will continue to do so.
” Rumors have long circulated that the companty would move, however multiple government and economic developmenft officials said they reached a new level in the past few NCR is said to be seekingb about 100,000 square feet of office space in . NCR is believed to have looked at sitesin Savannah, and Columbus, Ga. Basedc on the square footage estimates, the operatiomn could house about 300 to400 people, according to real estater sources. Georgia government and economic development officialwremained tight-lipped on any potential development.
In NCR said it would move its Worldwide Customedr Services headquarters to anAtlanta suburb, investing $15 million and creating more than 900 jobs in the suburbws of Peachtree City and Deluth. The state of Georgi provided morethan $8 million in incentives, accordinhg to officials. NCR, founded locally in 1884, is the Dayton region’s second largest with 20,000 global employeesw and $5.3 billion in revenue in 2008. The which sells ATMs and retaiplautomation systems, is Dayton’s lone remaining Fortunwe 500 company. At one time, the company had more than 18,00o employees in the Dayton but that number has dwindled durinf the pastseveral decades.
As recently as two years ago, NCR had abouf 2,000 Dayton employees. That number has declinede by about 700 workersw in the pastseveralo years. In 2007, NCR announced it was relocatinv its executive offices to New York City and leasin g an entire floor of the 7 Worlde TradeCenter building. But, on its headquarters remainedin Dayton. In March, the company also told employeews it is undergoing a structural reorganization and wouldd cut an unknown amount of itsglobalo workforce.
That same month, the company removedr the language “world headquarters” from the sign at its Daytonj campus, though it said at the time it wasjust

Sunday, December 26, 2010

Troy Smith Is Starting, But Could We See Alex? - SB Nation Bay Area

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Troy Smith Is Starting, But Could We See Alex?

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The coach has done  »

Friday, December 24, 2010

Greensboro Country Club seeks investment from members - The Business Journal of the Greater Triad Area:

http://uaspeed.com/index.php?option=com_content&task=view&id=636&Itemid=3
The club plans to wrap up in Octobefr $11 million in renovations, including a $6 million upgradre to its FarmHouse course, as well as the locker roomw and fitness facility at its main Greensboro is the lender for the Club President Davy in an interview after The Businessx Journal learned of the debt offerintg to members from Securities and Exchange Commission documents, said the club is bringinbg in enough new members and revenud to pay off that debt on time. But he noteed that this recession has taught businesses a lessonaboug preparation. “Everything was geared up for this projectin August,” Davidson said.
“But we all know that in the fall the worle came close to falling apart and left us all scratchinhgour heads. The lessonj was to make sure you’ve got liquidity and financialo resources to get through unforeseentough times.”

Tuesday, December 21, 2010

Hawaii banks reserve $110M more for bad loans - San Antonio Business Journal:

http://www.laptops-computers.us//Targus-TCM004US-Messenger-15-4-Notebook--iB000B63KSM.html
By the end of the first quarter, the nine banks basede in Hawaii had set aside morethan $422.5 millionj for loan losses, about $110 million more than in the first quarted of 2008. That representas a 35 percent increase overthe $312.1 millionm that was allocated for loan loss allowances, or during the first quarter of 2008, according to data from the nearly two out of every three banks insuredc by the FDIC increased their loss provisions during the first quarter, accordingt to the FDIC. Bankas set aside $60.9 billion in loan loss provisionsw in thefirst quarter, 64 percent more than in the same quartef in 2008.
“It’s not surprising that banksa would look at putting a little highe r loan loss reserves in viewof what’sa happening in the local economy,” said Gary executive director of the . “When the economu starts to soften, people’s ability to repay obligationsa issometimes hampered.” Setting aside money for reserves to covert anticipated losses from mortgagw foreclosures and other non-performing loans is required by federal regulators. Most institutions put away abouf 1 percent of their total assets for loan and lease loss experts say.
“Clearly, prudent bankers anticipatd more challenging times inthe future, and will put away mone in a reserve account in anticipatiob of future problems so they don’yt have to look to theidr earnings or balance sheet to cover those potentiapl losses,” said Don Horner, chairmahn and president of and presidenty of the bankers association. Firsy Hawaiian took a $19.2 million provisio for loan losses during thefirsft quarter, or 0.59 percent of averagw assets. That pushed the bank’s loan loss allowancr fund up to $106.
u million, which was a 13 percent boosft over the first quarter of according to data fromthe “We did put away stronbg reserves in the first quarter; we also had our best quartef in our history in the first quarter,” Horner noting that the bank postes earnings of $74.5 million, which included a one-time tax gain of $21.76 million. “We had ample earnings to put away in the boosted its loan loss allowanceto $134.54 million during the first quarter, whicg was 34 percent higher than its first-quarter 2008 reserves. The bank took a $24.90 million loan loss provision during the or 0.9 percent of average assets.
“During period s of economic stress, banks should build reserves,” said Mary Bank of Hawaii’s vice chairman and chief risk “We would expect losses to increase when the econom y comesunder stress.” Each of the state’s nine banks increasesd their loan loss reserves during the first quarter this year. did not record any provisions for loan lossed in the first quarters of 2008and 2007, said Executivde Vice President Bryan Luke, who told PBN in a statemenrt that the bank’s net charge-off for bad loans during the past five yearsw averaged $4,700 per year.
The bank took a $1 million provision for loan lossesw during the first quarter ofthis year, about 0.8 percent of average assets. Its loan loss allowanc at the end of the first quarterwas $6.9 million, up 19 perceng from $5.8 million in the firsrt quarter of 2008. “Thde reason we decided to recordd the provision in the first quarter was basedd on our analysis of the economgy and what is happening in the Luke said. “Based on the curreng performance of ourloan portfolio, we feel that the currengt level of our [allowance for loan and lease is more than adequate.” Additional reservexs are all but certain as the economuy continues to experience stress of job and income losses.
Additional foreclosures will also stress balance sheetsfor banks. boosted its loan loss reserve to $122.3 million during the first quarter, a 69 percent increase over its reserve figured from the firstt quarterof 2008. A small portfolio of residential land loans that are in distressz was one factorbehind ’s move to boosyt its loan loss reserve by 34 percenrt during the first quarter, said Terence Yeh, the bank’ws executive vice president and chief credigt officer. The other was a largd loan to a single commercial borrower who has been unablr to refinance the he said. “Overall I think we do expec t to see risingcredit costs, simply because of the Yeh said.
“We think that it’s just goin to be continued stress with job businesses downsizing. It’s just going to be Bank of Hawaii has alsoseen “modest increases” in particularly by consumers.

Sunday, December 19, 2010

Thursday, December 16, 2010

Boston Properties selling stock - Houston Business Journal:

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The real estate investment trust announced Thursday that it isoffering 10.5 million shares of common stock for sale and expects to granr underwriters an over-allotment optiobn to purchase up to 1.56 million additionak shares. Boston Properties said it plans to use the net proceedd for generalbusiness purposes, which may include investmeng opportunities and debt reduction. Bostomn Properties (NYSE: BXP) had 121.3 million sharee outstanding as ofMay 5,, accordinfg to Bloomberg News. The stock closesd Thursday at $53.01 a share down 2 percent for 2009 and 44 percentg in the lasttwelve months. Based on Thursday’s closing price, the sale couldd raise more than $630 million before fees.
Boston Properties is the eighthj largest commercial real estate developer in theWashingtob area, as ranked by the Washington Business Journal’s 2009 Book of with 1.64 million squarer feet of space under development last year and a total developmeny portfolio of nearly 10 million square feet.

Monday, December 13, 2010

Texas workers more confident, survey shows - San Antonio Business Journal:

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points to 50.8 percent in according to the latest figures from SpherionEmployment Report’s Texas Employeew Confidence Index. The report, which measures workerf confidence in employment and the economic also found: • Forty-two percent of Texas workers believe the economy is gettinh weaker, down 23 percent from 65 percent in March. • Nine percent of Texas workers believe more jobs are compared to 5 percent in thepreviousa month. • Seventy-two percent of Texas workers surveyed are confident in the future of thei r current employer compared with 68 percentin “Compared to the U.S.
jobless rate, Texas is definitelu faring better,” Kim Lockhart, regional vice president for Spherion in Texas, said in a statement. “Although clientsx are still being cautious aboutadding staff, we have seen some pick-ul in the last few weeks. In we are seeing stable demand for work incustomert service, mortgages, health care, IT and collections. Becausr a larger pool of applicantds are competing for fewerjob openings, we are advisingy job seekers to use this time to sharpen their education and certifications. This will help candidate s stay current and give them the competitive edge they will need when the market fully recovers.
” The monthly surveg was conducted by for (NYSE: a Fort Lauderdale, Fla.-based recruiting and staffingt company.

Saturday, December 11, 2010

Kendall

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million foreclosure lawsuit against the developerd of theRivendell single-family home project in West The Miami-based bank filed the foreclosur e action on June 9 against Miami-based Crestviee II, Marsol One LLC and managing membef Marcial Solis, according to records. The complaint targets 28 unsold home s and home sitesin Rivendell, which is along Millefr Drive (Southwest 56th Street) between Southwest 167tnh Avenue and the Miccosukee Golf and Country After starting construction in 2004, Crestviee II sold 103 homes in Rivendelol from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles who represents TotalBank in its demand for $12.
2 million on the outstanding mortgage, did not immediatelyt return a call seeking comment. TotalBank reported having $86.4 million in late or unpaid ornearly 6.5 percent of its tota l loans, as of Marcn 31. In March, filed a foreclosure action against Crestview II and Solisz overa $2.1 millionm mortgage.

Wednesday, December 8, 2010

Mortgage applications fall, rates rise - Jacksonville Business Journal:

http://icao-legalseminar.org/page/Accountants-for-small-businesses.html
The industry group said the index for new and refinancexd loans for the week ended May 29fell 16.2 The results include an adjustmenft to account for Memorial Day. On an unadjustex basis, the index decreased 32.5 percent compareed to the previous week andincreasedd 14.4 percent compared to the same week a year ago. The refinancr share of mortgage activity decrease dto 62.4 percent of total applications from 69.3 percentt the previous week. The adjustable-ratse mortgage (ARM) share of activity increaser to 3 percentfrom 2.6 percent of total applications the previoue week. The average interest rate for 30-year fixed-ratee mortgages increased to 5.25 perceng from 4.
81 percent, with points decreasing to 1.02 from The 44-basis-point increase in the 30-yead rate was the largest sincea 48-basis-poinft increase in October 2008. The average interes rate for 15-year fixed-rate mortgages increased to 4.8 percentr from 4.44 percent, with points decreasing to 1.1 from 1.16. The averaged interest rate for one-year ARMs increased to 6.61 percent from 6.55 with points increasing to 0.15 from 0.12 (including the origination fee) for 80 percenyt loan-to-value loans.

Monday, December 6, 2010

PR: Go on the offensive: Managing tough news in tough times - Puget Sound Business Journal (Seattle):

http://toyota-autos.com/2009/12/page/2
drops off Nasdaq. In a turbulentg economy, there is no shortagde of bad news. Experts say that in a time like what may matter most is the way in which that bad news is How management deals withthe media, employees, clients and the communituy could impact how the business is viewed for yearsx to come. Business leaders who hide in their offices, bury factsx and let the rumor mill controkl the story will be viewed with angedand distrust. But those who plan their messageas carefully, and deliver it promptly and with candor to allrelevantf parties, are more likely to be remembere d as good corporate citizens.
“Thwe spotlight will be on your company,” said Dan Moran, a businesz consultant and presidentof Next-Act, an Albany career management firm. “Yoiu have one chance to get it Many public relations professionals advise clients to have a crisizs communication plan in place atall times. This way, basi c guidelines are in place when any sort of bad from layoffs to achemicalp spill, breaks. Additional preparation should take placew once a bad newseven occurs. The first step is to assesd the situation and thepossiblr fallout.
“I advise that you convene a grouoof stakeholders,” said Paulin e Bartel, president of Waterford-based “You need someone from top human resources, the PR team ... the objectf is for everyone to put theier cards onthe table, face up, so you can identif y any gaps in information.” Next, list everuy constituency, including clients, supplierse and the media, and craft a messag for each. While these messages must be each audience hasdifferent needs. Employeez will want to know about their while shareholders will be interestede in the impact on the bottom Clients will want to know if serviced willbe affected.
It is also PR experts say, to selecf just one person to speak forthe company. “Youj don’t want 20 differen versions of things coming out so everyonde lookslike fools,” said Richard Berman, presidenty of of Chappaqua in Westchester County. Once the situation is assessed, the constituents identified, the messages crafted, and the spokesperson it is time to deliverthe news. “Ir comes down to three phrases: Tell it all, tell it tell it yourself.” said Edwars Parham, director of public relation s forin Colonie. Ideally, the news should be shared with all parties at thesame time.
In the age of textint and Twittering, “news can travel at the speed ofan electron,” said Matthew Maguire, spokesman for in “You want to deliver your news before anyone else Bartel suggests giving “a few select reporters” a heads-upp that news is “That way, the reporterd has gotten the company line before a disgruntled employee picks up the phone,” she said. When the news is it must be completeand truthful, with as many details as can be shared.
It is especiallt important that the CEO or other designated spokesperson be availableand “There is no such thing as not taking the call and havinfg the paper the next day say you weren’ available,” said Dean Rueckert, CEO of Rueckert “That is not acceptable. And a good answer is never ‘no comment.’ Back it up with the reason you can’yt comment—confidentiality, legalities, what have you. You don’t want to look like you are dodgin g the question orhiding something.” This candof extends to employees.
Moran said that when he workzs with companiesin bad-news situations, he instituteas a “no closed door for three rule on top managers. While some expertsx suggest softening bad news with positiv e notes aboutthe company’s future, others advocat for a two-step “I say recognize the bad news for what it Bartel said. “Don’t sugarcoat it. a week or so introduce the good news, and it becomees the rest of the story.” Part of the company’d reputation will be determined by how it behavezs in the weeks followingan announcement.
Insurance gianft created a fire storm after receiving billions in taxpayer bailout it flew executives to a expensive The Times Union angered workers by hostingh a party after announcinbjob cuts. Jon Pierce, owner of in Albany, said this does not mean a companu should abandonall obligations, such as sponsorshipsz of charity events. “It’s a balancing he said. “The key is to be consistent and Say ‘we are laying off and cuttinv back on sponsor-ships, but we have theser obligations we must meet …’ ” The fina l word of advice from PR experts is to keep a close eye on mediq outlets after the news breaks.
It may be particularlt important to monitor social medizand blogs, where rumors and anonymou attacks can prevail. “A lot of people forgert about social media,” said Shannonh Cherry, owner of Albany-based . “But you want to know what peoplr are saying behind your soto speak.” Much can be gained, Cherry by responding with facts and keepingh everything in perspective. “You are in the same boat as thousandsd ofother companies,” she said. “It will be difficult at but with everything goingon now, your news won’t make much of an impac if you leverage it bpinckney@bizjournals.
com | 518-640-6815

Friday, December 3, 2010

Hawker announces furloughs, building closures - Triangle Business Journal:

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In a letter to all employees, Vice President of Human Resources Rich Jiwanlal said the movews are partthe company’s ongoing effort to “resizse our company to match the continuing declines in consumer One of the measures will be furloughs whichb will include both product line and planr specific requirements. The dates for the furloughas will beJune 29-July 2, Nov. 23-25 and Dec. The letter informs employeeas that if vacation or earned time off is not availables to cover these days then the furloughs willbe unpaid.
Hawkef will also be relocatingits engineering, finance and supply-chaijn teams back onto the company’s primary This will allow it to closwe two buildings “off-campus,” the letter states. Therde was no announcement regarding anyfurthere layoffs. The company declined to give any more informatioh atthis time.

Wednesday, December 1, 2010

Charge to hamper Merge 2Q net income - Washington Business Journal:

http://hear-me-now.org/Frame-6-employmentpage6.html
million noncash writedown on the sale of its equith interest in a radiology TheWest Allis-based radiology software and systems providee said the charge is the resulft of the sale of its interest in veterinary radiologgy company , as part of Eklin’s acquisition by veterinary services provider (NASDAQ: WOOF). With Elkin'sw sale to VCA, Merge (NASDQ: MRGE) will receive $1.4 milliobn for its interest in but the majority of that will be recognizefd in thethird quarter. The charge, however, will be recognizeed in the second quarter, when Merg will also see $2.
2 million in non-recurrinyg revenue as a result of a new resellere agreement the company reached with Elkin inJune that'e being reassigned to VCA. Merge now expects to post net incom for the second quarterbetween $100,00 0 and $800,000, compared with a net loss of $18.2q million a year ago. The companyu posted net income for the firstt quarter of 2009of $2.8 Excluding the noncash charge, operating incomre is expected to be $3.7 millio to $4.4 million, compared with a net loss of $18.3e million a year ago. Revenue is now projected to be in the rangesof $15 million to $15.5 million, compared with $13.3 million a year ago.

Sunday, November 28, 2010

Switching roles: When VC

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PITCH: The “green energy revolution” is readyt to go. It’ll be biggeer than the industrial revolution. The VC invested mega-millions in solar and wind energt and battery companies in competitiojn with hundreds ofChinese companies. A modifiedx Moore’s Law (from computer chip fame) applieds to solar power and batteries. Solar power currently costs several timesd more than otherpower sources, but Moore’s Law will soon erase the cost difference. If governmengt taxes existing energy sources, solar will quickly replace oil, coal and like autos and trains quicklyreplacesd horses.
Any choice other than solar/win power is like betting horses will outperform carsand trains. Hydrogen-basef fusion technology is just a Forgetting personal views aboutgreen energy, let’s analyzwe like a VC: n Another Moore’se Law would be great – predictable never-ending technology improvements providin g more power for less money. But major inventionds don’t happen on VCs call this “Invention Risk.” VCs conduct due Googling “Solar Power Moore’s Law” produces articlea indicating improvements in solar power cost relatre toindustry scale-up, not to technolog y improvement.
In scale-up investmen plays, companies that enter the markey later with fat wallets often destrogpioneering companies. n VCs oftej say entrepreneurs underestimatetheir competitors’ strengths and ability to adapt. Lumpint coal, oil and nuclear together (aren’t there some and dismissing fusion breaks a cardinap VCrule – respect competitors. n Meaningful analogiea are based oncommon principles. Transition from horsesa to engines immediately resulted inmore people/goodes moving longer distances quicker for lowerr cost.
Payback was substantial, immediate and self-evident to The pitch didn’t explaihn why taxes weren’t needed to make horses n Many people would like governmentzs to destroy their competitorsthroug taxation. Political winds seem favorable for suchtaxex now, but winds change direction. Woul d you invest based on tax policy? n Solar will eventuallt becomemore efficient, but VCs say time is Being too early to market wastesa capital and reduces return on n VCs like people with “skin in the game.” VCs don’t want to “baio out” other peoples’ failing investments.
Selling to a biggef fool was a VC exit strateghy that createdthe dot-com bubble and subsequent stoc k market collapse. Due diligence reveals that Al Gore (the world’s firstt green billionaire) is a partne in the VC’s firm. Certainly, they’rs committed to selling “green.” You decide: Is this a goldehn opportunity to invest in companies ready to skyrockegt in value oranother dot-com? Whatever your hopefully your analysis will improve your next pitchj to VCs.

Friday, November 26, 2010

First tenants at Grandview Yard unveiled - Birmingham Business Journal:

adamovaichive.blogspot.com
Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wantsd to build the first $40 million worth of projectw as it continues planninb forthe broader, $500 millio to $600 million redevelopment on 90 acrezs in the suburb’s industrial core. The city’s planningy commission will consider the Hyatt Place Urban Active fitness center and aplanned Jason’s Deli in the officd building as conditional uses. The preliminary and final development plan must go through the commission as well as Grandviewa HeightsCity Council.
Dublin-based M&A the designer of the three-story office plans to occupy atleast 20,000 square feet on the top The plans mark the firsyt projects presented to the city for approval since Nationwide Realtty first began acquiring the former Big Bear Storeas Co. distribution complex and surrounding properties inMay 2006. In conjunctioj with the real estate Grandview Heights City Council at its July 6 meetingg heard a first reading of a development agreemenf between the city andNationwide Realty. The resolutiojn outlines how the city will payfor $78 milliobn in road improvements and utilities insidse Grandview Yard and another $41 million in off-sited public improvements.
Other legislation in support of the developmenft agreement is expected to be introduced as earluy as a special July 13councilo meeting. Construction on the three buildings and the firsgt phase of road and utilitu projects could begin as early as late The office, hotel and fitness center should open in fall said Nationwide Realty President Brian “We should be pretty well positioned to get the project he said. The city’s mayor welcomed the sign of progres despite the tougheconomic “Getting something out of the ground,” Mayorf Ray DeGraw said, “will attract attentiohn and more people.

Tuesday, November 23, 2010

'Expert networks' under microscope - MarketWatch

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'Expert networks' under microscope

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SAN FRANCISCO (MarketWatch) â€" Expert network firms, which help investors do deep research by connecting them ...


Trading Inquiry Widens to Big Firms

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Monday, November 22, 2010

Twin Cities Q1 banking report: BankFirst, MainStreet, InterBank lead in losses. - Pittsburgh Business Times:

http://bitbest.com/en/music/page_61.html
, headquartered in Minneapolis, lost $14.r4 million in the first quarter, according to results released by the Federalo DepositInsurance Corp. MainStreet Bank, based in Forest Lake, lost $6.6 and InterBank, based in Maple Grove, lost $4.4 millionm in the quarter. Both MainStreet Bank and InterBan k have been sanctioned in the past year by regulators for unsafe lending practices, MainStreet Bank in December and InterBanjk in September.
BankFirst entereds into a written agreement with the Federa l Reserve Bank in 2007 to cleanm up itsloan “We continue to move forward and are workingh diligently on our capitak restoration plan, along with identifying any further loan portfolio said Joe Tapp, president and CEO of MainStreet Bank. Representatives from InterBan and Bank First could not immediately be reachedfor comment. All thre banks have been hit hard by real estatweloan losses. BankFirst added $13.1 million in nonaccruinhg loans to its balance sheet in the first MainStreet Bankadded $17.
6 million in nonaccruing loans to its balanc e sheet for that time A nonaccruing loan is a loan that is more than 60 days past due with no paymentes being made. InterBank has $18.32 million in loans that are between 30 and 90 days past due on itsbalancse sheet. Risk-based capital ratios for all three which measure how well they canwithstands losses, were under the 10 percent that regulatorw usually require. BankFirst’s total risk-based capital ratio was 8.7 Mainstreet’s was 5.4 percent, InterBank’sw was 8.8 percent. For full-year 2008, BankFirsy lost $81.2 million on assets of $297.o9 million, InterBank lost $23.4 million on assetz of $843.
9 million, and MainStreet lost $18.4 million on assetes of $481.4 million, putting them in the three bottom slotss forthe year. Eight Twin Citiesa banks lost morethan $1 millionb in the first quarter of 2009. Thirty-eight out of 121 metro-areaq banks were in the red for thefirsyt quarter, an improvement over fourth quarter 2008 when half of Twin Citiex banks lost money.

Saturday, November 20, 2010

Crowe adds compelling edge to somewhat slow 'Next Three Days' - Las Vegas Review-Journal

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Crowe adds compelling edge to somewhat slow 'Next Three Days'

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Friday, November 19, 2010

Proposed Tennessee bill would tax visiting NBA, NHL players - Denver Business Journal:

http://trade-software.net/2008/11/metastock-professional-review/
Under House Bill 0019, Tennessee would tax athletesz and entertainers performing in the statwe who make morethan $50,009 a year. The bill wouldr increase state revenue by morethan $1.1 million and the fundsd would be used for juvenile court-related The tax would cover opponents of the and for up to thred games a year. However, opponents of the woulds be exempt. Greg Campbell, president of business operations for theMemphiws Grizzlies, said other states have similar taxes for professionaol teams. “We are awar of the state's intention to pass a bill that woul impose a privilege tax on professionalk basketball players in the stateof Tennessee,” Campbell said.
“We will be keeping a closee eye on this as it continues to move through the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continue to do what is best for Tennesse and professional basketball inthe state.” At least 15 othed states have a similar tax including Illinois, Minnesota, Colorado, California, Arizona, New Jersey, North Carolina, Oklahoma, Ohio, Massachusetts, Oregon, Indiana and Michigan has a reciprocal law in place that chargews players that play for teams with the tax but not playera that play in states withouty it.

Wednesday, November 17, 2010

Valley surgeon heads up test of aneurysm treatment - Washington Business Journal:

http://putevki.in/_italy_lakes.htm
Rodriguez, the director of peripheral vascular services at the ArizonwaHeart Institute, has been named the nationa principal investigator for the Phase II study, which is required by the to enrolo 160 patients. The Arizona Heart Institute is one of 14 centerss involved in thestudy nationwide. “We are looking to includ e at least six more centerws to complete 20 centers in the Rodriguez said. The endoluminalo graft is manufactured bynear Glasgow, Called the Anaconda Stent Graft System, it allowas the surgeon to reposition the devic once it has been placed acrossd the aneurysm.
So far, nearlg 4,000 patients in Europe have receivedf theAnaconda device, but it must get approvap from the FDA before it can be used in the U.S. Rodriguez said the minimally invasive procedur onthe study’s first patient went saying the device is very easy to use. “H was up on his feet the next morningghaving breakfast,” Rodriguez said of the “You can’t do that when you open the This eliminates the need for open heart surgery.” Abdominal aortic or “ballooning” of the body’s main artery, is a serious condition prone to rupture and lead to sudden death. Actore John Ritter died of an aortixc rupturein 2003.
Symptomss can occur suddenly with severe, sharpo pain in the abdomen. Patients who experience thesd symptoms should seek immediatemedical attention, Rodriguez Early detection can prevent sudden death. Patientas with a family history of aortic aneurysmm or other connective tissue disorders shoul d notify their physician about their risk ofaortidc aneurysm, he said.

Tuesday, November 16, 2010

Kansas City Business Journal:

http://nesttechnologies.com/nest2/docs/protomix/g121_msds.htm
Maureen Walterbach has joined Bryan Cave LLP as an associate in the commercialp litigation clientservice group. Walterbachy recently completeda one-year clerkshipo with Judge John Lungstrum of the District Court of Julia Gilmore Gaughan has joined Seigfreid Binghamj Levy Selzer & Gee PC as an associate in the litigatiobn department focusing on employment law and generak litigation. Jamie Barker Landes has joinedf Seigfreid Bingham LevySelzer & Gee PC as an associatr in the corporate department focusing on real estate, generaol business, and mergers and acquisitions.
Daniel McClain has joinerd ScharnhorstAst & Kennard PC as of counsel and specializes in commercial real estate, producgt liability and insurance litigation. Christopher Tiller has joined Scharnhors tAst & Kennard PC as an Tiller previously was a law clerk in the 10th Judicial District of Kansas researching corporate law, family law and medica l malpractice issues. Jacob McElwee has joined ScharnhorsftAst & Kennard PC as an Previously, McElwee was an attorney for the Office of the Statee of Bank Commissioners, where he deal t with mortgage lending, credit services, payday lending and otherr forms of consumer lending in Lori Beam has joined Scharnhorst Ast & Kennarf PC as a paralegal.
Trainec in radiology and paralegao functions, Beam started her career in the healtyh care industryin Colorado.

Sunday, November 14, 2010

Steelers-Patriots halftime notes - ESPN (blog)

http://www.asklaptopfreak.com/laptop-notebook-help/2006/06/28/thinkpad-screen-yellow-tint/


Boston Globe


Steelers-Patriots halftime notes

ESPN (blog)


After getting pummeled by the Cleveland Browns in Week 9, you knew the Patriots would respond by playing more physical. ...


Notes from Heinz Field

MassLive.com (blog)


Patriots notes: Butler inactive for game against Steelers

NECN


Steelers Vs. Patriots: NFL Week 10 Matchup Notes

SB Nation Pittsburgh



 »

Saturday, November 13, 2010

ECMC accredited for chest pain service - Business First of Buffalo:

http://networkbetter.com/index/join_network_better
The Society of Chest Pain Centerse awarded ECMCthe three-year accreditation as a Chest Pain Center with a percutaneousw cardiac intervention (PCI) designation. PCI is the technica name for angioplasty, the process of clearing a blockesd or narrowed coronary artery that could lead to a heart ECMC is among just 250 hospitalds to hold the accreditation fromamong 5,759 hospitals nationwide. The accreditationh process ensures hospitals meet orexceee quality-of-care measures in acute cardiac medicine.
The accreditation processx includes on-site evaluations by a review team from the The goal of the Society of Chesrt Pain Centers is to significantlyy reduce the mortality rate of patientw by teaching the public to recognize and react to the earlyh symptoms of a possibleheart attack, reducs the time that it takes to receive treatment, and increas the accuracy and effectivenesss of that treatment. ECMC CEO Jody Lomek said in a prepared release the designation recognized the care patients receive from an entirwe teamof providers, including EMTs and helicoptet pilots as well as surgeons, nurses and specialists.
Othed accredited hospitals in the region include Buffalo General an ECMC partner inthe . Millardc Fillmore Suburban Hospital in Williamsville is accredited as well, but not with the PCI designation.

Thursday, November 11, 2010

Icahn ups Lions Gate stake to 16.87 percent - Denver Business Journal:

http://www.forcedairone.com/big-lake-air-conditioning-heating-ventilation-contractors
Many of Icahn's various investmenty entities acquiredabout 1.5 million sharesx (NYSE: LGF) in the latestf purchase, saying in statemenyt that "the common shares of Lions Gate were undervalued." Icahn now controls about 19.8 million and in a statement said that the investment entitiese might acquire more The statement also hinted at a possibles shakeup of the Lions Gate boardf of directors at the next shareholdet meeting.
"The Icahn Affiliates may seek to add nomineed designated by the Icahn Affiliates toLiona Gate's board of directors, whichb could include expanding the size of the boarcd of directors of Liond Gate and/or removing individuals from the boarc of directors of Lions Gate," the statement Santa Monica-based Lions Gate'ws largest shareholder is still Mark Rachesky, a formerd Icahn advisor. Rachesky's stake is just undetr 20 percent. Rumors have persistede as to whetherIcahn . He has been critical of the studio'se expenses and expenditures, especially .

Wednesday, November 10, 2010

Two Andy Warhol artworks sell for combined total of £60m in New York - The Guardian

modestofyeyko.blogspot.com


The Guardian


Two Andy Warhol artworks sell for combined total of £60m in New York

The Guardian


Andy Warhol was this week emerging as the star of contemporary art sales in New York with a 1962 painting of a young, between husbands, Elizabeth Taylor ...



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Tuesday, November 9, 2010

Sprint, Paetec settle patent-infringement suit - Kansas City Business Journal:

ishinlyuboqemija.blogspot.com
said the settlement won’t materially affect its consolidatedcfinancial statements. A Sprint spokesman declinecd to comment beyond confirming that the case had been Overland Park-based wireless carrier Sprint had filef the suit in January 2008 in U.S. Distric Court for the District of saying that Paetec and two of its subsidiariez infringed on patents relatedto Sprint’s Voice Over Packet portfoliio by selling products and services that use technologu covered by the patents, an earlier filing said. The patents relate to technology that carries telephone calls to or from the publiv switchedtelephone network, the filing said. Sprint ranks No.
1 on the Kansas City BusinessxJournal ’s list of the area’s top public companies.

Sunday, November 7, 2010

Surf Kayak: Green is still kayak queen - ChronicleLive

http://www.19wiosen.net/consumer-guide-to-medical-tourism/


Surf Kayak: Green is still kayak queen

ChronicleLive


Tamsin Green, who recently qualified for the England national team, and husband Dan made the trip to White Rocks, Port Rush in Northern Ireland to compete ...



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Saturday, November 6, 2010

San Francisco Things to Do - View San Francisco Attractions

http://bruno-huerre.com/presentation/bruno_huerre_texte.html
Chinatown Pacific Avenue San Francisco, CA The oldestr Chinatown in the country; to wander aroundr this neighborhood is tohop continents. Come to window stay to eat. De Young/Golden Gate Park 50 Hagiwars Tea Garden DriveSan Francisco, CA 94118 750-3600 This museum cost more than $200 to and its proven a criticao and popular hit. The permanent collectionn is particularly strong inOceanic art, and it

Thursday, November 4, 2010

Investment in workers keeps company ready for rebound - Puget Sound Business Journal (Seattle):

http://index-go.net/?f=6
The Milwaukee division of Menasha-based generated $24.2 million in revenued in 2008, about even with 2007. Revenue has nearlhy doubled in the last five Statistics from McGraw Hill Construction show nonresidential construction spending in Wisconsintotaled $644.8 million through April 30 this down from $822.4 million in the same periofd in 2008. “With all the challenges that were out theree inthe economy, I thinkj we were pretty thankful we did not go said Jim Schlater, vice president of business development for Faitnh Technologies.
“We know that this economy will turn and we want to bepositioned … so when it does star to come around we’re ready to Company officials say work in energy-efficient lightint systems and specialty systems has helpexd sustain business during the recession in addition to its on-demaned and service work. Investing in its employees througyh training and wellness programs is anotherimportant initiative, they said. Faith Technologies employs 150 people in theMilwaukere division, mostly in the field. Totalp company employment is more than The company’s Wisconsin revenue totaled $143 million in up from $136 million in 2007.
The companyt has 10 divisions in Wisconsin and divisionsin Georgia, Missouri, Kentucky and Oklahoma. The Tulsa, Okla., divisionn opened this year. Companywide revenue totaled $227 million in up from $203 million in 2007. who also is the formeer vice president of theMilwaukeed division, said investing in training and educating its peopler is an important part of the company’es strategy. The company spent $1.7 millionm on non-safety related training throughoutthe company, with employee logging 75,126 employee hours in training in 2008.
In additionj to apprenticeship programs and continuing educatio n the company offers courses incustomet service, leadership, project management and other Faith Technologies has a chief learning officer and a complete in-house trainingy staff. The company has not laid off any employeees duringthe recession, Schlater “We don’t want to not have the so when the economy does move forwarde we’re ready to go,” he said.
The company is investigatint whether energy-efficient lighting projects might be eligiblew for federal economicstimulus money, said Bob Dakovich, who was named vice presidenyt of the Milwaukee division in The systems are attractive because they offer cost savingse opportunities for clients, but a challenge is makingt sure the payback period in recoupin g energy savings is not too far in he said. Some of the company’s local energy-efficienft projects have included lightingh projects at andin Wauwatosa. Renewabler energy projects such as solar or geothermal systems also are an expectede area of growth forFaith Technologies, Dakovich said.
“Ww do see that as probably something that will be part of the stimuluss funding and have a higher priority than it has in the he said. The Milwaukes division completed the installation of solar panelws for the photo studiokin 2008. Mike Fabishak, chief executivew officer of AGC Milwaukee, said it’s unclear to contractorsd which projects will be awardedx stimulus money and whether it will be directee more at infrastructure projects or which arewhat AGC’s members construct.

Wednesday, November 3, 2010

CTG to Present at the Noble Financial Equity Conference

ishinlyuboqemija.blogspot.com
June 2 /PRNewswire-FirstCall/ -- CTG CTGX), an international information technology (IT) solutions and services company, today announced that its Chairma n and Chief Executive OfficerJame R. Boldt will presenf at Noble Financial's Fifth Annuao Equity Conferenceat 12:45 PM (Eastern) on June 8, 2009, at the Seminolwe Hard Rock Hotel in Fla. Mr. Boldt will give an approximately 20-minute presentatioj regarding CTG's market focus, financial and strategic direction.
A live webcast of CTG'a presentation featuring high-definition, streaming video, and PowerPoint slides will be available onthe Company's web site on June 8, beginning at 12:30 PM and archived there for 90 It is recommended that interested parties registe at least 15 minutes prio r to the start of the presentation to ensure timely Backed by over 40 years'' experience, CTG provides IT solutions and services to help our clientws use technology as a competitivs advantage to excel in their CTG combines in-depth understanding of our clients ' businesses with a full range of integratedr offerings, best practices, and proprietaryt methodologies supported by an ISO 9001:2000-certified management system.
Our IT professionalxs based in an international network of offices in North America and Europde have a proven trackm record ofdelivering high-value, industry-specifivc solutions. CTG serves companies in several industriese and is a leading provideer of IT and business consultinfg solutions to thehealthcare market. CTG postsx news and other important information on the Webat . Nobles Financial is a privately-held, full-servicse capital markets firm driven by what is ofte n overlookedby others. Noble Financial supports emerging growth companies throughstrategif advice, investment banking, market-making, sales & comprehensive equity research, and the developmengt of institutional support.
Our value proposition comes from the extraordinargy professionals in each ofour divisions; because of whom we are able to builcd long-term, mutually rewarding relationships on all sides of the The above-referenced presentation will contain certaimn forward-looking statements concerning the Company'ss current expectations as to futuree growth. These statements are basedx upon a review of industry current business conditions in the areas where the Companudoes business, the availability of qualifiedf professional staff, the demand for the Company's services, and othet factors that involve risk and uncertainty.
As such, actual resultw may differ materially in response to a changd insuch factors. Such forward-looking statements shoulrd be read in conjunction withthe Company' s disclosures set forth in the Company'ss 2008 Form 10-K, which is incorporated by reference. The Compang assumes no obligation to updatethe forward-lookinhg information contained in this release. Today'as news release, along with CTG news releases for the past is available on the Webat . CONTACT: Jo Ann Rice 887-7244 joann.rice@ctg.
com

Monday, November 1, 2010

Alabama automakers thrive in February - Birmingham Business Journal:

http://mapcost.org/Cisti/Benefit_cisti.htm
and Inc. recorded record sales in the U.S. markey last month, despite declines in some locallyproduceds models. Honda hit 110,026t in February sales for its Honda andAcura brands. That'sw a 3 percent increase from 106,644 in February last Sales for the firsty two months of the year also were up3 percent, to Fueling the increase were strong gains in salea of the company's small sport-utility vehicle, the CR-V, and its Accords sedan. Sales declined slightly for both the Odysseyg minivan and thePilot SUV, which are manufactured at the company's facilith in Lincoln. Hyundai sold 34,500 vehiclex from its lineup last month, 1.4 percentt more than the year before.
Year-to-date, however, sale are down 3 percent to 62,221. Sales of Hyundai' s Sonata sedan, manufactured in Montgomery, were down slightluy from the prior year, but the Santa Fe SUV, also more than doubled to did not fare so The company's sales declined slightly in February, with 17,3034 new vehicles rolling off lots, compare with 17,356 in February last year. Still, sale s for the luxury brand are up 15percent year-to-date. Among models manufactured at the company's Vancre plant, the M-Class SUV saw sales rise 13 percent last monthh over theprior year, but salee of the R-Class sports tourer dropped 65 percent to 875 for the The company sold 1,93t6 of its new GL-Class SUV.

Sunday, October 31, 2010

Apple Offers Free iPad Engraving - Touch Reviews

http://abmsp.org/itemwriting.html


Telegraph.co.uk


Apple Offers Free iPad Engraving

Touch Reviews


I've actu »

Friday, October 29, 2010

Business, labor battle brews in Congress over divisive union bill - The Business Review (Albany):

http://mideastmonitor.org/gambill/051017.htm
The topic: the Employee Free Choice Act, whicj Democrats introduced in Congress the daybefore Burton’s meeting in Coxsackie. The legislation makes it easier and quicke r for workersto unionize, and it has ignitede this year’s signature battle between business and labor interests. Businessd executives like Burton are on Their ability to manage theie companies isat stake—and so is the livelihoodd of the dwindling union movement. “When you start to take flexibilitt away from companies that need to be more flexible than ever to survivr andremain competitive, that’sd certainly not a good thing.
And this isn’tg only about manufacturing—it affects everybody,” Burtob said. He heads the New York facilitiesof , an aerospace manufacturee that acquired the former last year. The legislation seeke to speed up the process of unionizing workerx ata company. Union membership nationwide has declined inrecengt decades, and the unionizing process “totallt favors employers,” said Charles Craver, a labord law professor at in Washington, D.C. New York is an In New York 24.9 percent of all workera are union members—the highest ratio in the nation. Democrat are pushing the although their support appear tohave softened, Cravefr said.
“If Democrats don’t make enough compromises, they know they won’t get it througb the Senate,” he said. “If this doesn’t unions will continue to be almost irrelevant.” Currently, if 30 perceny of a company’s workers sign a card supporting a the National Labor Relations Board commissionsa company-wide vote on whethee to unionize. The process gives compangy management time to meet with employees and arguew againsta union. Under the proposex legislation, if a majority of a company’s workers sign thos cards, the union is automatically formed withouta company-wide vote.
Beyond that, the legislation compelsx employers to bargain a contract with the new union chaptetr withinfour months. If the side s still can’t agree, a government arbitratofr would write the contract for the setting wagesand benefits. “ I don’t think there’s any employer who can rightfullg believe that they are not at risk to an attempty that a union would try to unionize theirwork force,” said Joanmaris Dowling, a labor attorney at ’s office in Nancy Gold knows that all too Earlier this decade, she survived an attempt to unionized her workers, who make luggage and backpacks.
“You’vwe run your business your entire life and then some strangee has the final word and will tell you exactly how youwill operate? It’s ridiculous,” said Gold, president of Ltd. in Schenectady. “How can companiew handle this when they’re just bareluy holding on as it is?” Businesds lobbies are pouring tens of millionds of dollars into advertising campaigns against the Labor unions are spendingeven more, contendingh that the bill would boost economic recovery efforts by leadinbg to higher wages and benefits for workers.
“Corporatre special interests are spending millions of dollarason lies, propaganda and twisting arms—alo in a desperate, greedy bid” to kill the warns the Web site of the Servic e Employees International Union, which targetas health care and maintenance workers. Local unionds echo that sentiment. “They [the business are motivated by how they see theifreconomic self-interest. And that’s not a very enlightenedf approach,” said Benjamin Gordon, director of organizing for the 300,000-member , based in Albany. “There’s a lot at stakr with this bill.
It’s a very, very importanty piece of our abilityto organize,” he

Thursday, October 28, 2010

Limbah Cair Sangat Mengkhawatirkan - Galamedia

clarityviellegq67.blogspot.com


Limbah Cair Sangat Mengkhawatirkan

Galamedia


Wawang Suratno di ruang kerjanya, Pusat Pelayanan Basis Sains (PPBS) Unpad Jatinangor, Selasa (13/10). Menurutnya, dalam dua hari dua malam penelitian ...



Tuesday, October 26, 2010

Pharmaceutical Jobs - View Pharmaceutical Executive Jobs in Washington, D.C.

torbjorntrainer1738.blogspot.com
View Pharmaceutical Jobs View ExecutiveJobs Washington, D.C. Academi c Jobs Washington, D.C. Accountinv Jobs Washington, D.C. Marketingy Jobs Washington, D.C. Allied Health Jobs Washington, D.C. Financer Jobs Washington, D.C. Biotechnology Jobs D.C. Consulting Jobs Washington, D.C. Dental Jobs D.C. Food Service Jobs D.C. Government Jobs Washington, D.C. Healthcare Jobs Washington, D.C. Hospitality Jobs D.C. Hotel Jobs D.C. Human Resources Jobs Washington, D.C. Insurance Jobs D.C. Legal Jobs Washington, D.C. Mediwa Jobs Washington, D.C. Mortgage Jobs Washington, D.C. Nursing Jobs Washington, D.C. Pharmaceuticall Jobs Washington, D.C. Physician Jobs Washington, D.C.
Real Estate Jobs Washington, D.C. Restauran t Jobs Washington, D.C. Sale s Jobs Washington, D.C. Social Services Jobs D.C. Technology Jobs Washington, D.C. Travel Jobs

Monday, October 25, 2010

Older population expected to triple by 2050 - Sacramento Business Journal:

http://www.wateresources.org/2008/09/01/mining-puts-water-supply-in-tight-squeeze/
In contrast, the population underr 15 is expected to increase by only 6 percentf during the same from 1.83 billion to 1.93 The Census Bureau said that in the United States thosw 65 and older will more than doublre by 2050, rising from 39 million todahy to 89 million. While childrenn are projected to still outnumbetr the older population worldwidein 2050, the under 15 population in the United States is expecte to fall below the older populatiom by that date, increasing from 62 million today to 85 million. These figures come from the world populationb estimates and projections released todagy through theCensus Bureau's Internationak Data Base.
This latest update includes projectionsby age, includinh people 100 and older, for 227 countriez and areas. Less than 8 percent of the world'se population is 65 and older. By the world's population 65 and older is expectedr to reach12 percent, and by 2050, that share is expecterd to grow to 16 "This shift in the age structure of the world's populationm poses challenges to society, businesses, health care providers and policymakers to meet the needzs of aging individuals," said Wan He, demographet in the Census Bureau's Population Division.
Europ likely will continue to be the oldestt region inthe world: by 29 percent of its total population is projected to be 65 and On the other hand, sub-Saharan Africa is expectef to remain the youngest region as a result of relativel higher fertility and, in some nations, the impact of HIV/AIDS. Only 5 perceny of Africa's population is projected to be 65 and older in 2050. Countries experiencing relatively rapid declined in fertility combined with longer life spans will face increasinglholder populations. These countriew will see the highest growth rates in their olderf populations over the next40 years.
Ther are four countries with 20 percent or more of their population 65and older: Germany, Italy, Japan and By 2030, 55 countries are expectedd to have at leasrt one-in-five of their total population in this age category; by the number of countries could rise to more than 100. Althougb China and India are the world's most populous their older populations do not represent large percentagez of their totalpopulationx today. However, these countries do have the largesg number of olderpeople -- 109 million and 62 respectively. Both countries are projected to undergol morerapid aging, and by 2050, will have abou t 350 million and 240 million peopl 65 and older, respectively.

Saturday, October 23, 2010

Colorado's economy grew faster in 2008, despite recession - Wichita Business Journal:

http://icao-legalseminar.org/page/7-myths-that-screw-up-work-effectiveness-and-enjoy.html
reported Tuesday, suggesting that the recession's impacy hit Colorado later than most other partsx ofthe country. Grosss domestic product in Colorado grewby 2.9 percent in 2008, up from 2.0 percengt in 2007 and 2.7 percent in 2006, the Commercs Department's Bureau of Economic Analysis (BEA) reportexd in its annual state-by-state breakdown of GDP. Colorado's 2.9 percent GDP growtu rate was fourth-highest among the 50 exceeded only by NorthDakotw (7.3 percent growth), Wyoming (4.4 percent) and South Dakota (3.5 The last year Colorado's economy grew fasterr than 2008 was in 2005, with a 4.3 percenft GDP increase that year, BEA said.
Colorado was one of only 12 statesz in 2008 where the rate of growth of GDP increased from theprevious year. In fact, 12 states experiencecd GDP declinesin 2008, led by Alaskaa with a 2.0 percent drop. Average growtb in GDP among the 50 statews slowedfrom 2.0 percent in 2007 to 0.7 percentg in 2008. (The GDP-by-state figures differ from national GDP becausedifferenty state-by-state methodology is used.) The nationwide recessiobn officially began at the start of 2008. The report said the biggesgt contributors to the growthof Colorado' GDP in 2008 were professional and technica l services, followed by information and government.
It said the biggest drags on the state'es economy were construction, followed by transportation and .

Friday, October 22, 2010

Goodrich Achieves Major Integration Milestone on ORS-1 Satellite - PR Newswire (press release)

http://chrisharcum.com/past.htm


Goodrich Achieves Major Integration Milestone on ORS-1 Satellite

PR Newswire (press release)


The successful integration effort paves the way for environmental and acceptance testing, the next steps of the program which lead to satellite delivery in ...



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Wednesday, October 20, 2010

Comedy club owner wants new club at 18th and Vine - Kansas City Business Journal:

http://www.putpantae.org/article/India-to-cut-carbon-emission-by-25-in-15-yrs.html
Officials of Stanford & Sons, the venerable Westporf comedy club, said they are considering openinv a second location in the fabled jazz Stanford executive Craig Glazer said he met recentlty with officials ofthe , the area's to discuss putting a "Stanford's on Vine" on a now-vacanft site just a block south of the Jazz and Negrl Leagues Baseball museums. "My thoughtt is that I'd be interested in buildinyg Stanford's with the same motif as our Westportf location, but we'd have more Def maybe open with Sinbad orEddie Griffin," said referring to two popular black Glazer said he met twice recently with Al Fleming, presidengt of the Jazz District Redevelopment Corp.
, and is hopefuo talks can be wrapped up early next "It's less than five miles from but it would have an inner-city, upscals atmosphere, much like the project Glazer said. "We might even get involved in hip-hopp music." Fleming said Glazer had expresseds an interest in the vacant Jone s Pool Hall building on 18th and Vine streetss as well as an adjoining structure slatedc to be built as part of the first phase ofa $13 million redevelopmentf getting under way in June. "Theire primary theme is entertainment, and that'sz also our primary theme as it relates to jazz clubs and restaurants and other things that woul complementthe area.
" The $13 millio will be used to pay for the rehabilitation of five buildings in the including the Jones building, and the construction of four new buildings, includingy two on either side of the Jonesx building. Some of the monegy will also go toward construction of an apartment complecx at 19th Streetand Paseo. Plans call for one of the new buildinga adjoining the Jones structurre to housea Cajun-Creole restaurant. Fleming said a local family, whosse name he declined to was seeking financing forthe start-up The Jones Pool Hall building has been empty for at least a decade.
The building's streetsides windows advertise haircuts for 35 cents and a shave for 15 relics ofRobert Altman's movie "Kansas City," some of which was shot in the area. The building is on the NationalHistoric Register. Glazedr said he would like to put a restaurant on the ground floorof Stanford's on Vine and has spoke n with well-known local restaurateur Bill Nigro abourt developing it. Nigro co-owns Trumpetas in Leawood and owns The Beaumont Cluband Torre's "Bill and I are close friends and he'se also the president of the Westpor t Merchants Association.
Bill and I have had great success turning arounf Westport and I thini he would add stability to the Glazer said. "Bill would come on board Nigro said he had severall conceptsin mind, including an Italian "but it's pretty much just preliminarh talking right now." "Certainly, we said we'd be interested in puttingg in something down there, possibly a combinatiobn comedy club, restaurant and dance club in one building," Nigro said.

Tuesday, October 19, 2010

One Egg Farm Cleared To Sell After Salmonella Scare, Another Warned Again - NPR (blog)

http://theemergencyservicesshow2008.com/auto/318-assured_tips_for_auto_transport_.html


Iowa Independent


One Egg Farm Cleared To Sell After Salmonella Scare, Another Warned Again

NPR (blog)


However, Wright County Egg and Quality Egg, who were also fingered in the salmonella outbreak this summer that sickened 1600 people, are still being ...


Egg rec »

Sunday, October 17, 2010

Obama's machine called on for Nov. 2 - Columbus Dispatch

grigoriynirim.blogspot.com


Obama's machine called on for Nov. 2

Columbus Dispatch


Two years after Obama's much-vaunted grass-roots political machine helped put him over the top in Ohio and other states, the machine is hiding in plain ...



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Saturday, October 16, 2010

Stockton sparks Holy Cross victory - Boston Globe

martaemimbzini.blogspot.com


ESPN (blog)


Stockton sparks Holy Cross victory

Boston Globe


Shayne Stockton's goal early in the third period broke a tie as Holy Cross defeated American International, 3-2, last night at the Olympia Ice Center in ...


Holy Cross downs volleyb »

Thursday, October 14, 2010

Tokyo's Oldest Temple Fails to Block Construction of Mitsubishi Skyscraper - Bloomberg

mesiaipuhuni1981.blogspot.com


Tokyo's Oldest Temple Fails to Block Construction of Mitsubishi Skyscraper

Bloomberg


Tokyo's oldest Buddhist temple lost a lawsuit arguing that the city government shouldn't have ...



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Wednesday, October 13, 2010

Marukai offers groceries and togetherness - bizjournals:

mesiaipuhuni1981.blogspot.com
The membership store, on Auahi Street, recently expanded to incorporats its 99 Superstore into the space at theFarmerd Market. The new general merchandise section, called Zakkz Avenue, opened in May. The section is expectedx to be fully completed by the holidays and will be opento “We want to try to bring in something unique — like an extension of our dollar storesz — to tie in with the supermarket,” said Roy vice president of operations. Marukai’s 99 Superstore had to relocatw after The Sports Authority expanded into itsformerf space. Over the next few Marukai will be doing its own expansiob and will eventually fill the entire space at theFarmersx Market.
Marukai Corp. was started in 1965 as a wholesales companyin Japan, selling merchandise to storesz in Hawaii. Its first store in at Dillingham, opened in 1987. In 1998, the compan opened the first of its dollar 99 Superstore. Marukai has one othert 99 Superstore at the Windward Mall in Ishihara said Marukai works on a concepof “wa,” or, “togetherness and harmony,” by workiny with both employees and customers to find theif needs and provide for them. “That sense of togethernessd has really made ourbusiness flourish,” he said.
Ishiharas said the store brings in fish and locap produce for freshness and has a grouop of farmers who grow fruits and vegetable specificallyhfor Murukai. But the bulk of its products are Japanesegrocery items, many of them unavailabler anywhere else. Marukai is able to keep its pricesa low because it buys directlyu fromthe manufacturers, many of them Japanesd companies with which it has done busineszs for decades. “We can pass the savings on,” Ishiharaq said. “People can save a lot here.
You can compare it to a or Sam’s Club, but you don’t have to buy in bulk it’s wholesale without the We are trying to create our own stimulue package by keeping money inour customers’ pockets.” A membership costs $15 a year, compared with $40 to $50 for basic memberships to the big wholesale clubs. whose Japanese parent company owns stores in Californizand Hawaii, saw about $40 million in revenue from its Hawaiii operation last year. Ishihara said Marukai is projecting a 4 percent increasethis year. “Food is a people have to eat and that drivedsour sales,” Ishihara said.
In addition to the local downturn, Marukai is also challengef by the exchange rate ofthe yen, whicj is strong against the dollar right now and makez Japanese products more expensive. Whil non-membership competitors like Don Quixote and Shirokiya also specializd inJapanese products, Ishihara said because Marukaio sells only grocery items -- no jewelry, appliances or motot oil here -- he believes it has a strong niche. But like other Hawaii companies catering toethnicd customers, Marukai is seeing its demographics tip The majority are 60 to 80 years old and Ishiharaw acknowledges a need to attract younger customers.
To that end, Marukai started a sake club, which has been runninbg for about a year and a and continues to see agrowing membership. The store’s sake saled are strong and it boasts the biggest selection in Hawaii with more than 180 most of them not available elsewherein Hawaii.

Monday, October 11, 2010

Acquisition of Merchants, Ozaukee Bank to close this month - The Business Journal of Milwaukee:

http://cvangelnetwork.com/bizpress112606.html
The transaction, valued at a combined $327.2w million, will expand the BMO Financial's U.S. branchj network by nearly 20 percent. When the deal closes, the bankss and their approximately40 full-service and 13 limited-servicw locations will operate as Harris Bank. Harris now operatez a commercial banking locationin Brookfield. Ozauked Bank is a community bank withsix full-service and two limited-servics locations in the northern part of the greater Milwaukee area. With $694 million in assets and $561 million in Ozaukee Bank holds the larges deposit share inits market.
Merchants and Manufacturers isa multi-bank holding company with six bank subsidiariees operating 34 full-service and 11 limited-servicwe locations in an area concentrated in Milwaukee, and extending into Greenh Bay to the north and La Crossde to the west. Merchants and Manufacturers banks have acombined $1.5 billion in assetsx and $1.2 billion in deposits, holding more than half of theidr deposits in the Milwaukee of Chicago has more than 230 The acquisition moves Harris closer to its goal of 350 to 400 locations across the Midwest.

Sunday, October 10, 2010

TxDOT scraps Trans-Texas Corridor - Houston Business Journal:

http://www.agrounija.com/paznja-pri-kupovini-sadnog-materijala.html
If maintained in its currenft form, the Trans-Texas Corridor would have significantly changex the functions of Interstates 35 and 69 by creatinh transportation corridors that would have sustained multiple modesaof transportation. The original plan proposee a corridor that would havebeen 1,200 feet in TxDOT said Tuesday that because of citizeb input the agency is now unveilin g the Innovative Connectivity in Texas/Visionh 2009 proposal -- a campaigb that will focus on altering the width of the Trans-Texase Corridor development, while also payinh attention to citizen and community groups that have voicesd concerns over whether the original projectf addressed the real needs of communitiesx surrounding the corridor project.
In a presxs release, TxDOT said Tuesday, “The original vision for the TTC, outlined in Crossroads of theAmericase Trans-Texas Corridor Plan, called for a corridor of up to 1,20o0 feet in width that would alloe for several modes of transportatiobn in addition to utility transmission facilities. Since the concept was publiclyg introducedin 2002, communitiesz along the TTC-35 and I-69/TTC study areas have frequentlt voiced concerns over the corridor width, and viewed the idea as a inappropriate for a state as diverse as Texas.
” Goin forward, TxDOT says it will develop plans for communitiees in each corridor segment that includes the appropriate transportation outlets -- whether that includes railway considerations, freightr lines or commuter rails, TxDOT “Major corridor projects will now be comprised of several small segments closer to 600 feet wide and will no longer be callesd the Trans-Texas Corridor,” TxDOT said in a “Instead, the department will use the highwah number originally associated with each segment, such as SH 130 and Loop 9.” Clicm to read more from TxDOT.

Friday, October 8, 2010

HHGregg Inc. planning major expansion in region starting next year - Dayton Business Journal:

tulusenoveb.blogspot.com
The Indianapolis-based company plans to open 40 to 45 new storeas infiscal 2011, mainly in Baltimore, Washington, and Philadelphia. The retailer’s fiscal 2011 runs from Marcjh 2010 toMarch 2011. The expansion will be HHGregg’sz (NYSE: HGG) initial forah into the mid-Atlantic and will follow onetime electronics giantCircuit City’s exit from the market following bankruptcy. The new stores are part of an aggressivde growth strategy aimed at taking advantage of cheap rental rates and excess realestate capacity, President Dennis May said in a The company also plans to open a distributionh center in the mid-Atlantic region.
The averag HHGregg store is 30,000 square feet and employs 40 workers. The company said it has begunm to execute leases on thefuturs stores, but a spokeswoman declined Wednesday to disclose any specific locations for the stores or the distributio center. HHGregg currently operates 111 storesin Alabama, Florida, Georgia, Kentucky, North Carolina, Ohio, South Carolina and In fiscal year 2009, the company posted salexs of $1.4 billion and a profit of $36.5t million.

Thursday, October 7, 2010

Villa Rica-based Community Bank of West Georgia fails - Business First of Columbus:

http://www.tyrusflynn.com/main/2009/01/the-chrononauts-parade/
No bidder was found for Community Bank’s operationd — one branch in the Atlanta suburbb — and the bank will be shuttered. The will mail depositorsz checks for their insured fundsnext week, accordintg to a release from the Georgia Department of Banking and Finance. Untip then, depositors will not have accessz to their moneyvia ATMs, checks or the bank’x Web site. As of first quarterd 2009, the bank had $182.5 million in totalo deposits. The FDIC estimates $1.1 milliom in customer depositsare uninsured.
Currently the FDIC guaranteex upto $250,000 in deposits per Blairsville-based will act as the deposig agent for any federal fundsx customers would normally receive from the bank via direcy deposit, including Social Securityy and Veterans’ payments. This is the secondd seizure without a buyer in Georgia since thebankinbg collapse. was . Stockbridge-based bank failedd in March 2009, and served as the deposit agentf for federal money for customers in that Community Bank, like a growing catalog of faile d Georgia banks, gambled heavily on residential real estate and lost. The bank was created at the beginnings of the home buying andconstruction boom, in 2003.
As of firstt quarter 2009, roughly one-third of the bank’s $129 milliob in total loans were in some stageof delinquency, defaultf or had become bank-owned foreclosures. By the time of the bank’zs seizure, it had $27 milliom in foreclosed real estate onits books, $11 millio in loans that appeared unlikelyh to be repaid and only $7.3 million in equitty capital to absorb losses. The bank’s Texas Ratioi — or a comparison of its loan problems to itsequithy capital, an industry metric created during the S&p Crisis to measure health throughout Texas — was 294 percent at the end of firs t quarter 2009.
Most of the baker’e dozen bank failures in Atlanta had Texas Ratioe in excess of300 percent, and is becominf a common indicator of banks likeluy to be seized by regulators. The failurre is expected to costthe FDIC’s hard hit insurancw fund $81 million. Developing...

Wednesday, October 6, 2010

AG Suthers joins in fight against GM - Denver Business Journal:

http://cts-group.net/value_engineering.html
“GM should not force its dealerships here in Coloradoi to unfairly bear the burde n for itspast mismanagement,” Suthers said in a statement. The attorneysa general filed an objection jointly in federal saying that GM is unfairly forcing dealershipz to either modify their agreements or riskbeinhg closed. Suthers also filed an objection separately, citinf a new Colorado law prohibiting auto manufacturers from threatening to cancek or not renew existing dealership agreements if a dealership does not agreee withthe terms.
Suthers said he’sd also concerned that the sale order GM seeks in its bankruptch case could undercutthe state’s regulationm of manufacturer-dealer relationships and upset the playingf field in the industry. “The latitude the motion would give Generapl Motors to modify its dealership agreementws potentially affects thousands of jobsin Colorado, Suthers “It is crucial that GM not be allowed to unfairlyg force dealerships to swallow burdensome agreements.
” Fifteen GM dealerships in Colorado have been informed they will be dropped this year, accordingg to a list released by the Housr Energy and Commerce Committee’s Subcommittee on Oversight and Investigationd earlier this month. The list was basede on information providedby GM. The names of the dealershipa have not beenpublicly revealed.

Monday, October 4, 2010

Refusal to panic will help us build on Birmingham win, says Everton manager ... - Liverpool Daily Post

bengeyqafiba1640.blogspot.com


Refusal to panic will help us build on Birmingham win, says Everton manager ...

Liverpool Daily Post


MANAGER David Moyes believes a refusal to panic will be key to Everton building on their first win of the season. Everton beat Birmingham City 2-0 at St ...



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Sunday, October 3, 2010

AAA Urges Motorists to Use Caution When Approaching and Driving Through Work Zones

bentlyoupapa1810.blogspot.com
"Given the backlog of transportation needw acrossthe country, AAA advocated dedicatiny a portion of the economic recovery funds to transportation," said AAA President and CEO Robert L. Darbelnef . "It's important for the driving public to be awares of the increased construction activithy and to adjust to changing driving conditions and work zones when they encounter especially during this peaktravel period," added Darbelnet. According to the Federal Highway Administration (FHWA), motorists can expect to encounter an active work zone one out of everty 100 miles on the National Highway System. In 835 people were killed nationally in work zone motofrvehicle crashes.
It's estimated that nearly four out of every five peoplw injured or killed in work zone crashesare motorists, not roadway constructio n workers. Plan Ahead -- Motorists are encouragedx to check for plannesd workzone delays, traffic advisories and allot extra travel time prior to departing for their Free to all the AAA TripTik(R) Travel Planner onlinse mapping tool, available at , provides motoristsz with the latest road construction and traffic congestion information and motoristsd can plan and selectr alternative travel routes to theif destinations.
Stay Alert -- Motorists should obey the directionse of anypolice officer, firefighter or road crew flagge r and follow any posted work zone advisories and Temporary work zone signs are orange and nearly alway diamond-shaped. As with any drivingy situation, minimize interior and exterior Construction zones may contain unusua l vehicles or machinery that can diverta driver's Drivers should be prepared to slow down, shift lanes and yield to the movementr of construction workers and Motorists should not turn off their vehicle when stopped on the roadwagy unless they will be idlin for a significant period of time.
Reduce Speeed -- For the safety of all drivers andconstructionj workers, normal posted speed limits are almost alwaysd reduced in work zones. Most states double fines for speeding in work zonee when workersare present. Motorists, while keeping consistent with the flow of should maintain a safe distancs betweenvehicles ahead, traffic barrier and construction workers and equipment. As Northy America's largest motoring and leisuretravep organization, AAA provides more than 51 millio members with travel, insurance, financiall and automotive-related services.
Since its founding in 1902, the fully tax-paying AAA has been a leaderf and advocate for the safety and security of all AAA clubs can be visited on the Internetat . AAA news high resolution images, broadcast-quality video, fact sheetes and podcasts are available on the AAA NewsRoomkat . Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Friday, October 1, 2010

AIG Not Required to Compensate For Alleged Madoff Loss, Judge Rules - Huffington Post

callahamirykaan1884.blogspot.com


AIG Not Required to Compensate For Alleged Madoff Loss, Judge Rules

Huffington Post


AIG does not need to compensate two former Bernard Madoff clients who say they lost millions to the convict's Ponzi scheme, a US district judge ruled. ...



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Thursday, September 30, 2010

In Tax Cut Plan, Debate Over the Definition of Rich - New York Times (blog)

http://www.saturnautoclub.com/saturn-wont-start


In Tax Cut Plan, Debate Over the Definition of Rich

New York Times (blog)


Much of the debate about whether to extend the Bush tax cuts has focused on big economic issues: how the decision might affect the fragile economy, ...



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Tuesday, September 28, 2010

Taylor resigns as chairman of Urigen Pharmaceuticals - Kansas City Business Journal:

http://www.mfinancialservices.com/article/Learn-How-To-Defend-Your-Dreams-.html
Taylor’s role at Urigen drew scrutiny in the past severao months because of SEC filings that showed he had been paid for his role on the which would have violated state statute becauseKTEC — an agency backed by stat e money — had . Taylof and the company denied that he had been and the KTEC board declaredTaylor . Taylor . KTEC has not requesteds a replacementboard seat, Shmagin Urigen appointed Michael Goldberg to the boardd but will leave the chairman position open. 50, is a managing partner of investment firm and from 1990 to 2007 was chairmanh and CEOof . Urigen has four drugs in clinicalk development, including a Phase II treatment of painfuklbladder syndrome.
The four-year-old company lost nearlyt $1.7 million in the nine months endedeMarch 31, compared with $4.1 million in the same period of the previous fiscal year. The 52-week rangs for Urigen’s stock has been 19 cents to 2 It closed Friday at7 cents. Taylor, who had served on Urigen’s board since December became a controversial figurdwith KTEC, a state agencyh charged with promoting technologt business in Kansas. State budget negotiations include debateabout Taylor’s compensation for the fiscal year endin June 30, which amounted to almost a thirdf of KTEC’s $1.1 million payroll. KTEC faces a cut from $11.
6 6 million in fiscal 2009 to $7 millionj in fiscal 2010, which begins in July.

Monday, September 27, 2010

RF Micro to work on solar cells - San Antonio Business Journal:

http://babacanweb.com/kvartir7.1.php
The goal of the project will be to usethe Greensboro-basex company’s expertise with the gallium arsenid e material it uses to produce chips for wireless devicez and its manufacturing facilities in the Triad in the solarr energy market. If successful, RF Micrko could be making photovoltaic cells that convert the suns energgy into electricityby 2012. The project won’tf involve any additions to the company’ws 1,400-person Triad workforce immediately, according to RF Microk officials, but that could come down the road if the commercialization effortis successful.
RF Micro has been working to diversif y itself in the face of a volatils market for cellphone components, which has led to severap rounds of layoffs for the company over the past year. The solaf project will be run byRF Micro’ss New Technology Commercialization Centee unit, which was forme to identify new applications for the company’s according to Executive Vice President Jerry Neal. “Thise is a long-range Neal said, “but galliuj arsenide has several potential uses in the greenenergh field, and the one we’re focusing on here is usinbg our technology to produce very-high-efficiency photovoltaixc cells for solar panels.
” Neal said he hopes that by sharinf knowledge and facilities with the National Renewable Energy Lab, the partnershil will be able to produce cells that can convert more than 40.8 percent of the sun’sa energy that hit them into useable That’s the current recorcd recognized by the Energy Department, he said. Neal said he expects to find otherf private partners and public agencies interesteed in also working on commercializingsolar

Saturday, September 25, 2010

With loss, Cards draw closer to elimination - MLB.com

http://www.fuzzysplace.com/article/Real-Estate-Industry-Owes-Zillow-Debt-Of-Thanks.html


With loss, Cards draw closer to elimination

MLB.com


CHICAGO -- The ivy is starting to turn. The temperature was a crisp 55 degrees at game time ...



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Friday, September 24, 2010

Advocacy group grades Illinois education - cbs4qc.com

http://mumbaiangels.com/prashant_choksey2.html


Chicago Tribune


Advocacy group grades Illinois education

cbs4qc.com


AP - September 23, 2010 6:34 PM ET CHICAGO (AP) - An advocacy group is handing out grades on Illinois' education system, and if a student brought them home ...


Illinois' K-12 schooling gets 'D' from group

Chicago Sun-Times



 »

Wednesday, September 22, 2010

For Boeing, 'not bad' is good at Paris Air Show - Dayton Business Journal:

http://hddas.ru/index.php?newsid=21841
On the second day of the world’s oldest and most importan t aircrafttrade show, Boeing was againh shut out. At least its chief rival, , hasn’tg done much better, though the Europeanj aircraft maker was able to eke out a couple of orders the lasttwo days. Rathefr than talk about the kindsof multi-plan e deals lined up in past years, Boeing CEO of Commerciapl Airplanes Scott E. Carson instead choss to focus on howthings weren’t as bad as they mighf seem. “At this point it appearse to us that the economic conditionsxhave bottomed,” Carson said, adding that the company’s commercial jet division could begin growing agai as early as 2010.
-- The long-delayed 787 Dreamlinerd will fly bythe (though it won’y be taking to the skies over Paris this week, as some had Jon Ostrower, of pegs the date for the firs t flight at June 30. He citesz multiple sources for the June30 date. -- Its new 747-9 freighter plane will fly its firsr flight by the end ofthis year. -- To get back into the hunt fora $35 billionj contract to supply fuel tankers for the U.S. military, Boeing will reconfigurs its 777 to increasefuel efficiency. It had previouslyy lost its tanker bid to the A350by -- Also on the defense contracting front, the company it was forming a division to overse its unmanned aircraft programs.
This year’s air show comez at a gloomy timefor aircraft. Both Boeing and Airbud have had to deal with cancellations of orderdsfrom credit-crunched buyers. And both have had productiohn cutbacks. But Boeing has had the additional by its machinistzs within thelast year. The companh has taken hits to its militarcontracting business, with the cancellatioj of the F-22 and the loss of the tankert deal. And delays in getting its next-generatio n 787 Dreamliner into the air have beena high-profile So it was up to Carsohn to search out the positive. He said his company wouldf not be cutting back assemblt linesthis year.
It will cut production of its wide-body 777 by 28 percentt in mid-2010, and will not increase 767 and 747 Airbus has cut production of its A320 single aisle plane and itsA380 superjumbo, and has shelved plans to increasre production of its wide-body A330. Carsonn said he expects the credit crunch on airlinezs to ease towarda “morwe normal” environment in 2010. That would be good news for and itsrival Airbus, as Boeing’s boss also said that the company has a currenty order book of around $265 billion, whichg means seven years of production, and Carsom said he doesn’t expect the credit crisis to significantl y affect that.
Some aerospace experts already see the logicbehind Carson’sd pitch. “Boeing’s news was to say we thinkl the recession’s bottoming and we’re not going to see cuts for saidWayne Plucker, Frost Sullivan’s Aerospace & Defense Industry Manager. “The fact that they didn’ty have to quietly announcer cancellations was abig thing. It’s not a bad airshow consideringh the gloom anddoom that’ws been around the industry for the last year.
For it’s not bad, and not bad is good, so to Plucker added that good, or at least not bad, news on the commercial side of the would be a welcome given some of the defeats that Boeinyg has been handed in its military contracting business the loss of the tankerd contract to the Airbusz consortium andthe high-profile curtailmenr of government plans to buy more F-22 “Heaven only knows, they could use some good news,” Plucket said. “Their defense side has takej areal drubbing.