efimtsovavadan.blogspot.com
Twenty-four percent of respondents thoughtf morale hadgone down. “Thesde results prove that employees are happief and more likely to stay with their companies due to the qualitty oftheir management,” Burton Goldfield, presidenft and chief executive officer of said in a news “Companies that develop the skills of their leaders boosty their employment brand which then positivel y contributes to employee morale.” Compant culture and reputation was the bigges t factor that held morale together, accordiny to 36 percent of respondents. Other factors included flexibility, a good balances between work and life, and job security.
The surveyy also found that while the intenrt to hire had all but disappearex fromlate 2008, hiring was on a slight upswing over the past thres months with more than 60 percentr of respondents saying they were currently hiring or trying to attract talent, compared with 55 percent in the firstr quarter of 2009. More than 250 small-business leaders responded to the San Leandro, Calif.-based TriNet provides human resources outsourcing and consultinvg services to small businesses.
Sunday, December 30, 2012
Friday, December 28, 2012
Bishop Mac drains Vikings at Kankakee Holiday Tournament - nwitimes.com
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Bishop Mac drains Vikings at Kankakee Holiday Tournament nwitimes.com KANKAKEE | Bishop McNamara perimeter shooting woes that had plagued the Fightin' Irish over the last couple of weeks were no where to be found Friday. Tyshon Willis knocked down four 3-pointers and McNamara advanced to the championship round of ... |
Thursday, December 27, 2012
Oklahoma lawmakers plan nonpartisan commission on school security - NewsOK.com
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Oklahoma lawmakers plan nonpartisan commission on school security NewsOK.com School security became a priority Thursday for both Republicans and Democrats at the Oklahoma state Capitol, as leaders announced a nonpartisan task force of experts would examine how to make state schools the safest in the nation. By Megan Rolland ... |
Wednesday, December 26, 2012
Bill would tell donors to report race, sexual data - San Francisco Business Times:
paramonaxogilozi.blogspot.com
AB 624 would require foundationsx with assetsover $250 milliojn to collect and disclose the race, gender and sexuap orientation of all their employees and board as well as the employees and boarsd members of the nonprofits to whom they award grants and the contractor s with whom they do business. The foundations must then break out what percentage of gran dollars go to organizations that are more than 50perceny minority-run. The bill, which was promotesd by Berkeley's and sponsored by Assemblyman Joe Coto of San wants the nonprofit world to be more diverse and to empowefrminority communities.
It won easy passage in the Assembly last week and is headede for what is sure to be a more contentioue hearing in the state Over a dozen Bay Area foundations woulxbe affected, including all four of the region'w community foundations, the , the , the , the and even largde corporate foundations. Opponents stress that while they support the diversitt goals of the bill and its attemptx to increase funding forthe state's disadvantage minorities, they do not believe AB 624 is the "Opposition to the bill shouldc not be construed as oppositiohn to diversity in philanthropy and some of the goalsd I think the bill stands said Jim Canales, president and CEO of the James Irvine Foundation in San Francisco.
Northern Californiz Grantmakers, Southern California Grantmakers and San Diego which represent all the large foundations in the have united in theie opposition tothe bill. Separately, the Irvine Foundation sent a lettere to each member of the Assembly assertin g its belief that the bill could hurt the very goalse it aimsto support. Not everyone has chosen a has aneutral position. Whether a nonprofit's staffg and board are half minority has no critics say, on the impactt that nonprofit can have in minority Too, the bill could invadee privacy of foundation workers and grantees who may not feel comfortabler having their sexual orientation disclosed in an annua l report.
Many foundation leaders also worry that collecting that data would be an addefadministrative burden. John Gamboa, executivde director of Greenlining dismissed the notion that the bill woulc burden nonprofits and said that such transparencyt is critical to empowerminorityh communities. By forcing foundationes to look at the raciaol and ethnic makeup of the nonprofitsit supports, Gamboa believes, this bill will help minoritie receive grant money that could help developl future political activists and nonprofit leaders from disenfranchised communities of color. "k don't think it's the right solution, but it's the only one we'res left with," Gamboa said.
Nationally, Greenlining Institute estimatea that just 3 percent of national givin g isto minority-led nonprofits. Locally, however, that numbert is probably much higher. Three of the four local communitgy foundations are ledby non-whites, as is the Irvine "One of the ironies to me is that I thinik California really has been a leader of diversituy within philanthropy," Canales "To me, that demonstrateds the tremendous progress we have made as a philanthropic community in Californiza ...
and now we are facing more stringent legislation than almost anywhere in the Canales added that Irvine has long focusecd on serving minority communities and that increasing opportunitiez for all Californians is partof Irvine' s mission. He agrees that more needs to be done to understanx diversityin philanthropy, and Irvine and other foundationsz are working with the Resource Center to understans the landscape. Canales cautionee that the legislation is being pusheed through before anyone in the philanthropic world even knoww how many nonprofit organizations exist thatmeet Gamboa's 50-percentt minority goal.
Gamboa said a dearthh of such minority-led organizations could in itself be a result of past failure tofund them. "Foundations were establishecd to provide the public They enjoya $30 billion tax exemption nationally," Gambo said. "I think they are doing a public good, but not the entire public."
AB 624 would require foundationsx with assetsover $250 milliojn to collect and disclose the race, gender and sexuap orientation of all their employees and board as well as the employees and boarsd members of the nonprofits to whom they award grants and the contractor s with whom they do business. The foundations must then break out what percentage of gran dollars go to organizations that are more than 50perceny minority-run. The bill, which was promotesd by Berkeley's and sponsored by Assemblyman Joe Coto of San wants the nonprofit world to be more diverse and to empowefrminority communities.
It won easy passage in the Assembly last week and is headede for what is sure to be a more contentioue hearing in the state Over a dozen Bay Area foundations woulxbe affected, including all four of the region'w community foundations, the , the , the , the and even largde corporate foundations. Opponents stress that while they support the diversitt goals of the bill and its attemptx to increase funding forthe state's disadvantage minorities, they do not believe AB 624 is the "Opposition to the bill shouldc not be construed as oppositiohn to diversity in philanthropy and some of the goalsd I think the bill stands said Jim Canales, president and CEO of the James Irvine Foundation in San Francisco.
Northern Californiz Grantmakers, Southern California Grantmakers and San Diego which represent all the large foundations in the have united in theie opposition tothe bill. Separately, the Irvine Foundation sent a lettere to each member of the Assembly assertin g its belief that the bill could hurt the very goalse it aimsto support. Not everyone has chosen a has aneutral position. Whether a nonprofit's staffg and board are half minority has no critics say, on the impactt that nonprofit can have in minority Too, the bill could invadee privacy of foundation workers and grantees who may not feel comfortabler having their sexual orientation disclosed in an annua l report.
Many foundation leaders also worry that collecting that data would be an addefadministrative burden. John Gamboa, executivde director of Greenlining dismissed the notion that the bill woulc burden nonprofits and said that such transparencyt is critical to empowerminorityh communities. By forcing foundationes to look at the raciaol and ethnic makeup of the nonprofitsit supports, Gamboa believes, this bill will help minoritie receive grant money that could help developl future political activists and nonprofit leaders from disenfranchised communities of color. "k don't think it's the right solution, but it's the only one we'res left with," Gamboa said.
Nationally, Greenlining Institute estimatea that just 3 percent of national givin g isto minority-led nonprofits. Locally, however, that numbert is probably much higher. Three of the four local communitgy foundations are ledby non-whites, as is the Irvine "One of the ironies to me is that I thinik California really has been a leader of diversituy within philanthropy," Canales "To me, that demonstrateds the tremendous progress we have made as a philanthropic community in Californiza ...
and now we are facing more stringent legislation than almost anywhere in the Canales added that Irvine has long focusecd on serving minority communities and that increasing opportunitiez for all Californians is partof Irvine' s mission. He agrees that more needs to be done to understanx diversityin philanthropy, and Irvine and other foundationsz are working with the Resource Center to understans the landscape. Canales cautionee that the legislation is being pusheed through before anyone in the philanthropic world even knoww how many nonprofit organizations exist thatmeet Gamboa's 50-percentt minority goal.
Gamboa said a dearthh of such minority-led organizations could in itself be a result of past failure tofund them. "Foundations were establishecd to provide the public They enjoya $30 billion tax exemption nationally," Gambo said. "I think they are doing a public good, but not the entire public."
Monday, December 24, 2012
San Antonio named one of worst allergy cities - San Antonio Business Journal:
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AAFA officials released its top 100 Sprin gAllergy Capitals, which lists the most severs cities for people with allergies. San Antonio isn'rt the worst, Atlanta holds the No. 1 spot this However, San Antonio ranks No. 21 on the list, behinf Austin (No. 6), Dallas-Fort Worth (No. 18) Houstomn (No. 20). The foundation basesx its findings on severap factors includingthe city's pollen levels, the use of over-the-counter and prescriptiojn allergy medication per capita and the numbere of board certified allergistsw per capita in an area. AAFA works to help alleviates asthma and allergies through consumer research and advocacy to improvepatienf care.
The association set up a Web site to help individuals preventspring allergies. It also allowss consumers to periodically check local forecasts onpollen
AAFA officials released its top 100 Sprin gAllergy Capitals, which lists the most severs cities for people with allergies. San Antonio isn'rt the worst, Atlanta holds the No. 1 spot this However, San Antonio ranks No. 21 on the list, behinf Austin (No. 6), Dallas-Fort Worth (No. 18) Houstomn (No. 20). The foundation basesx its findings on severap factors includingthe city's pollen levels, the use of over-the-counter and prescriptiojn allergy medication per capita and the numbere of board certified allergistsw per capita in an area. AAFA works to help alleviates asthma and allergies through consumer research and advocacy to improvepatienf care.
The association set up a Web site to help individuals preventspring allergies. It also allowss consumers to periodically check local forecasts onpollen
Sunday, December 23, 2012
Struggling to attract visitors, historic houses may face day of reckoning - Washington Post
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Struggling to attract visitors, historic houses may face day of reckoning Washington Post Mirroring what's happening to other historic house museums across the country, attendance is down 20 percent over the past five years at Berkeley Plantation, according to the national historic landmark's private owner. The situation, he said, is bad ... |
Bahrain News Agency | Coinciding with Bahrain's Celebrations with National and Accession Days ... Bahrain News Agency Manama, December 17th (BNA) â€"Minister of Housing, Bassim Bin Yacoob Al Hamar approved the fourth batch of housing loans beneficiaries for the year 2012 with three categories( Purchase â€" building â€"restoration ) , which included 517 be neficiaries on the ... |
Sunday, December 16, 2012
Synchroniser with programmable MTBF capabilities - Eetasia.com (subscription)
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Synchroniser with programmable MTBF capabilities Eetasia.com (subscription) As design geometry shrinks and clock speeds approach the gigahertz range, the design of synchroniser circuits becomes a challenging task. Metastability (the ability of a digital electronic system to persist for an unbounded time in an unstable ... |
Saturday, December 15, 2012
Chocolate wrapped in compostable film - Packaging World
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Packaging World | Chocolate wrapped in compostable film Packaging World “We decided to move from standard plastic to a biodegradable and compostable alternative to wrap our chocolate bars, and Metallised NatureFlex™ from Innovia Films was a perfect fit,†says Nicoletta Maffini, marketing manager at Alce Nero. “We like its ... < br /> |
Friday, December 14, 2012
California solar program has bright start - Los Angeles Business from bizjournals:
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California added 156 megawatts in compared to 81in 2007, despite the globapl recession. Energy officials expect another 150-pluds megawatts added this year. The state announced a far-reaching $3.3 billiojn effort to install 3,000 megawatts of new grid-connected solare panels by 2017, with the aim to curb development andproductionb costs. The accounts for two-thirds — or $2.2 billio n — of the budget with a goal of installingb 1,940 megawatts as part of the 10-yeat California Solar Initiative program. The Californias Solar Initiative has installed 13 percentg of the goal forthe 10-year with another 8 percent in applications pendingg during the first two years.
“This program is deliverinh on California’s commitment to the solar which has an absolutely essential role to play in our effort to address climate CPUC president Michael Peevey said in anews
California added 156 megawatts in compared to 81in 2007, despite the globapl recession. Energy officials expect another 150-pluds megawatts added this year. The state announced a far-reaching $3.3 billiojn effort to install 3,000 megawatts of new grid-connected solare panels by 2017, with the aim to curb development andproductionb costs. The accounts for two-thirds — or $2.2 billio n — of the budget with a goal of installingb 1,940 megawatts as part of the 10-yeat California Solar Initiative program. The Californias Solar Initiative has installed 13 percentg of the goal forthe 10-year with another 8 percent in applications pendingg during the first two years.
“This program is deliverinh on California’s commitment to the solar which has an absolutely essential role to play in our effort to address climate CPUC president Michael Peevey said in anews
Wednesday, December 12, 2012
New Cousins CEO Gellerstedt gets raise - Dayton Business Journal:
manuscripts-shuwatu.blogspot.com
Gellerstedt's base salary was increased from $375,000 to his target annual incentive cash bonus award was increasedto $525,0090 and his target long-term equity incentive award was increased to $800,000, the filing The 2009 cash bonus and equity incentive award, if are expected to be awarded by the company's Compensation, Nominating and Governance Committee in February 2010. Gellerstedt is replacing the retiring Tom Bell, who turns 60 this Bell made a salary of $650,00 0 and had $2.6 million in totalo compensation for 2008, according to a proxy filing. Gellerstedt, 53, came to Cousina (NYSE: CUZ) when the REIT bought his , in June 2005.
Gellerstedg served as chairman and CEO of the BeerwsConstruction Co. from 1986 to 1998. In 1998, aftee the sale of Beers to Skanskaw USA, he was elected chairman and CEO of AmericanBusiness Products, a packagingv and printed office products company. In Gellerstedt became president and chief operating officefr of TheIntegral Group, an urbahn mixed-use development company. He went on to founrd The Gellerstedt Groupin 2003.
Gellerstedt's base salary was increased from $375,000 to his target annual incentive cash bonus award was increasedto $525,0090 and his target long-term equity incentive award was increased to $800,000, the filing The 2009 cash bonus and equity incentive award, if are expected to be awarded by the company's Compensation, Nominating and Governance Committee in February 2010. Gellerstedt is replacing the retiring Tom Bell, who turns 60 this Bell made a salary of $650,00 0 and had $2.6 million in totalo compensation for 2008, according to a proxy filing. Gellerstedt, 53, came to Cousina (NYSE: CUZ) when the REIT bought his , in June 2005.
Gellerstedg served as chairman and CEO of the BeerwsConstruction Co. from 1986 to 1998. In 1998, aftee the sale of Beers to Skanskaw USA, he was elected chairman and CEO of AmericanBusiness Products, a packagingv and printed office products company. In Gellerstedt became president and chief operating officefr of TheIntegral Group, an urbahn mixed-use development company. He went on to founrd The Gellerstedt Groupin 2003.
Tuesday, December 11, 2012
Toll Brothers sales improving - Washington Business Journal:
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Horsham, Pa.—based Toll Brothers announced Wednesdaty that net signed contractsd more than doubled inthe company’s fiscal year second ended April 30, compared to the priort quarter ended Jan. 31. The luxury home buildert reported 582 net signed contractsworth $298.3w million in the quarter, 119 percent higherr in number of contracts and 133 perceny higher in dollar value from the fiscalk 2009 first quarter. The number of net signed contractw in the fiscal 2009 second quarter was 37 percent lowee thanthe year-ago quarter.
Toll Brotherzs said that it typically sees an increases in the fiscal year second quarterf compared tothe first, but the gainse in the past two years were more modest: up 44 percen in 2008 and up 60 percent in 2007. Amongf other numbers released in the Toll Brothers said its revenue in the quarter declinefd 47 percentto $398.3 million, and its backlog fell 55 percentf to $944.3 million. The results are Toll Brothers expects to announce final resultes onJune 3, 2009. Toll Brothers TOL) build homes in 21 states up and down the East Coasy and acrossthe country. It has nearly four dozenb active projects in Virginisaand Maryland.
Horsham, Pa.—based Toll Brothers announced Wednesdaty that net signed contractsd more than doubled inthe company’s fiscal year second ended April 30, compared to the priort quarter ended Jan. 31. The luxury home buildert reported 582 net signed contractsworth $298.3w million in the quarter, 119 percent higherr in number of contracts and 133 perceny higher in dollar value from the fiscalk 2009 first quarter. The number of net signed contractw in the fiscal 2009 second quarter was 37 percent lowee thanthe year-ago quarter.
Toll Brotherzs said that it typically sees an increases in the fiscal year second quarterf compared tothe first, but the gainse in the past two years were more modest: up 44 percen in 2008 and up 60 percent in 2007. Amongf other numbers released in the Toll Brothers said its revenue in the quarter declinefd 47 percentto $398.3 million, and its backlog fell 55 percentf to $944.3 million. The results are Toll Brothers expects to announce final resultes onJune 3, 2009. Toll Brothers TOL) build homes in 21 states up and down the East Coasy and acrossthe country. It has nearly four dozenb active projects in Virginisaand Maryland.
Monday, December 10, 2012
In staggered economy, small law firms facing some big troubles - Philadelphia Business Journal:
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Lawyers and consultants said smaller firms confrongt a unique setof problems. With fewer practice areas and rainmakers at their disposalthan full-service firms, they are more susceptiblse to swings in the Al Gollatz and Alexander Ewing will join 33-lawyer McElree one of West Chester’s best-known firms, along with an Gollatz said he felt his practice would be bettef suited at a larger firm. The firm’sx seven-lawyer Philadelphia office will reconstitutwas , though it received a majo blow when name partne Terry Griffin died this month. That firm, now a litigatiojn boutique, will be led by partnerf Phil Vogler.
The 22-year-old Gollatza Griffin, with 15 lawyers at the time of its was the second small firm in the past monthn to make sucha decision. , a 26-lawyer firm with a 40-yeatr history, saw the bulk of its lawyers joinArchert & Greiner of Haddonfield, N.J. Other smaller firme found themselves seeking cover from the economixc storm by joining larger competitorsxlast year. The 111-year-old intellectual-property boutique mergef the bulk of its 15 lawyerws into after 10 lawyers went to other firms earlie inthe year. , a 10-lawyer firm in Philadelphiaz known for its insurance was acquiredby Pittsburgh’s Thorop Reed & Armstrong, which doubled its locao lawyer count in the process.
, a 10-lawyer firm with a histor y dating backto 1910, was acquirerd by Maryland-based Offit Kurman. And in summer Hepburn WillcoxHamilton Putnam, a small law firm that has been in operatioh since 1880, closed its Cherry Hill-based law firm consultan t Joel Rose said the recession has initiatef consolidation for small and midsize firms. “They are overly dependent on fewer clients. So if thos clients become troubled, so will Rose said. “If a firm isn’t doing it’s tough to do a merger. So a largefr firm will look for the most attractiv element of that firm or that firm willsplit up.
” A perfecft example occurred in Januarhy 2008 when decided to splir with half the lawyers movin g to Pittsburgh-based , now called , and the othe half of Miller Alfano’s 20 lawyers joineed Philadelphia-based . Drinker Biddle was interesterd inGregory Miller’s commercial litigatiob practice but not Marc Raspanti’s plaintiffs which, while profitable, would have brought conflicts. acquiredx 12-lawyer of West Chester in 2006 and pickedc up three lawyersfrom Linwood, N.J.-based last year.
Montgomery McCrackebn Chairman Steve Madva said he has not had any recent though he listened to a pitchu from representatives of thePelino “Most [small firms] can’t fit into our rate structure because most either do plaintiff personal injury or insurance Madva said.
Lawyers and consultants said smaller firms confrongt a unique setof problems. With fewer practice areas and rainmakers at their disposalthan full-service firms, they are more susceptiblse to swings in the Al Gollatz and Alexander Ewing will join 33-lawyer McElree one of West Chester’s best-known firms, along with an Gollatz said he felt his practice would be bettef suited at a larger firm. The firm’sx seven-lawyer Philadelphia office will reconstitutwas , though it received a majo blow when name partne Terry Griffin died this month. That firm, now a litigatiojn boutique, will be led by partnerf Phil Vogler.
The 22-year-old Gollatza Griffin, with 15 lawyers at the time of its was the second small firm in the past monthn to make sucha decision. , a 26-lawyer firm with a 40-yeatr history, saw the bulk of its lawyers joinArchert & Greiner of Haddonfield, N.J. Other smaller firme found themselves seeking cover from the economixc storm by joining larger competitorsxlast year. The 111-year-old intellectual-property boutique mergef the bulk of its 15 lawyerws into after 10 lawyers went to other firms earlie inthe year. , a 10-lawyer firm in Philadelphiaz known for its insurance was acquiredby Pittsburgh’s Thorop Reed & Armstrong, which doubled its locao lawyer count in the process.
, a 10-lawyer firm with a histor y dating backto 1910, was acquirerd by Maryland-based Offit Kurman. And in summer Hepburn WillcoxHamilton Putnam, a small law firm that has been in operatioh since 1880, closed its Cherry Hill-based law firm consultan t Joel Rose said the recession has initiatef consolidation for small and midsize firms. “They are overly dependent on fewer clients. So if thos clients become troubled, so will Rose said. “If a firm isn’t doing it’s tough to do a merger. So a largefr firm will look for the most attractiv element of that firm or that firm willsplit up.
” A perfecft example occurred in Januarhy 2008 when decided to splir with half the lawyers movin g to Pittsburgh-based , now called , and the othe half of Miller Alfano’s 20 lawyers joineed Philadelphia-based . Drinker Biddle was interesterd inGregory Miller’s commercial litigatiob practice but not Marc Raspanti’s plaintiffs which, while profitable, would have brought conflicts. acquiredx 12-lawyer of West Chester in 2006 and pickedc up three lawyersfrom Linwood, N.J.-based last year.
Montgomery McCrackebn Chairman Steve Madva said he has not had any recent though he listened to a pitchu from representatives of thePelino “Most [small firms] can’t fit into our rate structure because most either do plaintiff personal injury or insurance Madva said.
Sunday, December 9, 2012
PE Rainfall Table: Black, white and wet all over! - Press-Enterprise (blog)
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Press-Enterprise (blog) | PE Rainfall Table: Black, white and wet all over! Press-Enterprise (blog) Nestled in picture-perfect SoCal, their season-to-date rainfall, as dutifully recorded on the P-E weather page, was a somewhat thirsty 0.48 of an inch. Then came the biggest storm on record. Or maybe I should say the biggest storm on newsprint ... |
Friday, December 7, 2012
Paulson to back Fed
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according to a transcript of hisprepared remarks. Paulsom is scheduled to testify beforwthe U.S. House Committee on Oversighgt and Government Reform onThursday morning. In the Paulson acknowledges he told BofA Chiefv Executive Kenneth Lewis that backing out of the deal to buy Merrilo Lynch would be seen as a lack of He also told Lewis such a move may put his future with the bank in according tothe transcript.
BofA in Decembere threatened to back out of a deal to buy Merrilolfor $50 billion and declare a “materially adverse related to higher-than-expected fourth-quarter losses at the investment bank and Paulson’s prepared testimony says Treasury officials and federakl regulators investigated BofA’s threat and decideed it would not be legally valied to declare a MAC. Paulson will testify dropping the deal woulde have been harmful to both parties and thegreateer economy. “I believe my remarks to Mr. Lewiz were appropriate,” Paulson says in the transcript. “Iff Bank of America exercisesd theMAC clause, such an actiobn would show a colossal lack of judgment.
“I furtherd explained to him that, under such the Federal Reserve could exercise its authority to removre management and the board of Bank of Paulson will testify that by remindinfg Lewis ofthe Fed’s powers, he intendesd to “deliver a strong messages ... that it would be unthinkable for Bank of America to take this destructivde action for which there was no reasonablse legal basis and which would show a lack of thetranscript says. BofA (NYSE:BAC) eventually followed through with the Merrill Lynch purchase, buying it Jan. 1 for $29.
1 The value of the deal droppeds from theoriginal $50 billiojn because Merrill’s stock price fell precipitously after the deal was announced. BofA agreed to the purchasde after federal officials said they would support the deal withtaxpayee aid. BofA in January received an additionap $20 billion in Troubled Asset Relief Prograk money related to the Merrill The bank has received a totalof $45 billion from the program. The Charlotte Business Journal willcoverr Paulson’s testimony live Thursday beginning at 10 a.m. Coverage will be availablwe at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.
according to a transcript of hisprepared remarks. Paulsom is scheduled to testify beforwthe U.S. House Committee on Oversighgt and Government Reform onThursday morning. In the Paulson acknowledges he told BofA Chiefv Executive Kenneth Lewis that backing out of the deal to buy Merrilo Lynch would be seen as a lack of He also told Lewis such a move may put his future with the bank in according tothe transcript.
BofA in Decembere threatened to back out of a deal to buy Merrilolfor $50 billion and declare a “materially adverse related to higher-than-expected fourth-quarter losses at the investment bank and Paulson’s prepared testimony says Treasury officials and federakl regulators investigated BofA’s threat and decideed it would not be legally valied to declare a MAC. Paulson will testify dropping the deal woulde have been harmful to both parties and thegreateer economy. “I believe my remarks to Mr. Lewiz were appropriate,” Paulson says in the transcript. “Iff Bank of America exercisesd theMAC clause, such an actiobn would show a colossal lack of judgment.
“I furtherd explained to him that, under such the Federal Reserve could exercise its authority to removre management and the board of Bank of Paulson will testify that by remindinfg Lewis ofthe Fed’s powers, he intendesd to “deliver a strong messages ... that it would be unthinkable for Bank of America to take this destructivde action for which there was no reasonablse legal basis and which would show a lack of thetranscript says. BofA (NYSE:BAC) eventually followed through with the Merrill Lynch purchase, buying it Jan. 1 for $29.
1 The value of the deal droppeds from theoriginal $50 billiojn because Merrill’s stock price fell precipitously after the deal was announced. BofA agreed to the purchasde after federal officials said they would support the deal withtaxpayee aid. BofA in January received an additionap $20 billion in Troubled Asset Relief Prograk money related to the Merrill The bank has received a totalof $45 billion from the program. The Charlotte Business Journal willcoverr Paulson’s testimony live Thursday beginning at 10 a.m. Coverage will be availablwe at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.
Thursday, December 6, 2012
Shabnam Shakeel grieved - The News International
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Shabnam Shakeel grieved The News International Shabnam Shakeel grieved. Thursday, December 06, 2012. From Print Edition. Islamabad: Shakeel Ahmed, a former federal secretary and husband of renowned poetess Shabnam Shakeel, breathed his last here on Wednesday, says a press release. |
Wednesday, December 5, 2012
Shane Victorino deal adds fuel to Jacoby Ellsbury trade talks - Boston Herald
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Shane Victorino deal adds fuel to Jacoby Ellsbury trade talks Boston Herald NASHVILLE, Tenn. â€" Asked last month at the general managers meetings to handicap the odds of Jacoby Ellsbury [stats] getting traded before spring training, one major league source declared it highly unlikely, noting that the Red Sox [team stats ... |
Sunday, December 2, 2012
Bigg's enters 'bittersweet' deal - Business Courier of Cincinnati:
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The Cincinnati-based grocery chain and ice cream maker have entered into an agreementwherein Bigg's will sell Graeter's bittersweet chocolates sauce at its 12 area locations. It will be the firstt time the 137-year old, family-owned ice cream chain is selling the which is based ona 50-year-old outside of its own 12 area The agreement fits hand-in-glove with a program by Bigg's to carry local and regionaol products as a way to distinguish itself from the competition. for instance, sells locally made TWIS cosmetics as well as marinades and salad dressingsfrom Andy'sd Mediterranean Grille in Walnut Hills.
Graeter's saucse will be in the storesin mid-September, with the 10-ouncd jar priced at $3.95. Bigg's, which also is celebratiny its 23rd anniversarythis month, will on 22 give away free jars of the bittersweeft sauce with the purchase of three Graeter'es pints or one 56-ounce ice cream purchase.
The Cincinnati-based grocery chain and ice cream maker have entered into an agreementwherein Bigg's will sell Graeter's bittersweet chocolates sauce at its 12 area locations. It will be the firstt time the 137-year old, family-owned ice cream chain is selling the which is based ona 50-year-old outside of its own 12 area The agreement fits hand-in-glove with a program by Bigg's to carry local and regionaol products as a way to distinguish itself from the competition. for instance, sells locally made TWIS cosmetics as well as marinades and salad dressingsfrom Andy'sd Mediterranean Grille in Walnut Hills.
Graeter's saucse will be in the storesin mid-September, with the 10-ouncd jar priced at $3.95. Bigg's, which also is celebratiny its 23rd anniversarythis month, will on 22 give away free jars of the bittersweeft sauce with the purchase of three Graeter'es pints or one 56-ounce ice cream purchase.
Thursday, November 29, 2012
Democrats and Republicans hold differing views on football, according to Wall ... - Oregon Daily Emerald
ogarawo.wordpress.com
Democrats and Republicans hold differing views on football, according to Wall ... Oregon Daily Emerald Among Democrats and Republicans, though, the results differed greatly. Thirty-eight percent of Democrats favored the Ducks, while 21 percent were Beaver fans. Among Republicans, the difference was nearly as dramatic, with 36 percent favoring the ... |
Monday, November 26, 2012
The constants and variables of Gaza, then and now - Aljazeera.com
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Aljazeera.com | The constants and variables of Gaza, then and now Aljazeera.com ... Gaza and Israel, but in » |
Saturday, November 24, 2012
Equitable Building auctioned for $30M - Nashville Business Journal:
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The new owner, , an affiliate of Capmarl Bank, bought the 33-story towerr for $29.5 million, said attornet William Rothschild, with law firm . Sutherland was representing the lender, , whichh was foreclosing on theEquitablew Building. Capmark was the only bidder onEquitable Building, as most commercial real estate observers expected. Equitable's former owner, San Diego-basedx , paid about $57 million to acquire the buildingin 2007, but its value plummetef to $42 million by early 2009.
Equastones received 90 percent financing from Capmark toacquirr Equitable, but plans to stabilize the building'sw occupancy and turn it into an income-producinbg asset never materialized amid the worst commercial real estate crisisw in 20 years. The tower -- designex by renowned architecturalfirm -- has remained aboutg half occupied this year. is managintg and leasing the building. It's expected to court the Fultobn Countypublic defender’s office, which is seeking at least a 50,000-square-foot lease downtown. The publifc defender's office was looking at the Equitable but the financial crisis facing the towe r helped derailthe move.
Rothschild was assistecd in the transactionby Sutherland'sd Jason Kirkham.
The new owner, , an affiliate of Capmarl Bank, bought the 33-story towerr for $29.5 million, said attornet William Rothschild, with law firm . Sutherland was representing the lender, , whichh was foreclosing on theEquitablew Building. Capmark was the only bidder onEquitable Building, as most commercial real estate observers expected. Equitable's former owner, San Diego-basedx , paid about $57 million to acquire the buildingin 2007, but its value plummetef to $42 million by early 2009.
Equastones received 90 percent financing from Capmark toacquirr Equitable, but plans to stabilize the building'sw occupancy and turn it into an income-producinbg asset never materialized amid the worst commercial real estate crisisw in 20 years. The tower -- designex by renowned architecturalfirm -- has remained aboutg half occupied this year. is managintg and leasing the building. It's expected to court the Fultobn Countypublic defender’s office, which is seeking at least a 50,000-square-foot lease downtown. The publifc defender's office was looking at the Equitable but the financial crisis facing the towe r helped derailthe move.
Rothschild was assistecd in the transactionby Sutherland'sd Jason Kirkham.
Thursday, November 22, 2012
Notes for life - The Hindu
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The Hindu | Notes for life The Hindu She arrived in Malayalam soulfully with “Deena dayalo rama†and “Enthe nee kanna.†Though there have always been heart-warming melodies in her repertoire, be it the lullaby “Chanjadi aadi†or the well-noticed “Thamara noollil†or “Kinavileâ€, Gayathri ... |
Wednesday, November 21, 2012
Trico proxy battle ends after elections - Houston Business Journal:
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, the largest shareholder of Houston-basedf Trico (NASDAQ: TRMA), had triedd to nominate its own slate of directors and had demandecdother changes, saying that company management was not maximizin g shareholder value. Both side s had showered shareholders with filings and statements in the finalo weeks beforethe vote. Based on preliminary voting afted Wednesday’s meeting, among other items, shareholderds voted to declassifythe board, reducing the termd of board members from threse years to one Incumbent board member nominees Joseph Compofelicwe — Trico chairman and chief executive officerf — and Ben Guill were both re-elected, accordinfg to a company statement.
The two Kistefos Christen Sveaas andAge Korsvold, failedr in their bid to join the board. Two independent proxyy advisory firms had recommended that shareholders go with theTricpo slate, while a third firm had backed the Kistefoss bid. “Regardless of today’x outcome, Kistefos remains a majoe stockholder of Trico and we intenc to continue to be responsivse to the messages we heard inthis contest,” Compofelicew said. Though based on preliminary votingf he did not gain a seat onthe board, Kistefod chief executive officer Korsvold said his efforts were hearx by shareholders.
“Regardless of the outcome, we believe Trico’s stockholdersz have sent a loud and clearemessage today. They are demanding change. Had it not been for Trico’e unusually high two-thirds minimum vote we would have takenm a significant step in thatdirection today,” Korsvold
, the largest shareholder of Houston-basedf Trico (NASDAQ: TRMA), had triedd to nominate its own slate of directors and had demandecdother changes, saying that company management was not maximizin g shareholder value. Both side s had showered shareholders with filings and statements in the finalo weeks beforethe vote. Based on preliminary voting afted Wednesday’s meeting, among other items, shareholderds voted to declassifythe board, reducing the termd of board members from threse years to one Incumbent board member nominees Joseph Compofelicwe — Trico chairman and chief executive officerf — and Ben Guill were both re-elected, accordinfg to a company statement.
The two Kistefos Christen Sveaas andAge Korsvold, failedr in their bid to join the board. Two independent proxyy advisory firms had recommended that shareholders go with theTricpo slate, while a third firm had backed the Kistefoss bid. “Regardless of today’x outcome, Kistefos remains a majoe stockholder of Trico and we intenc to continue to be responsivse to the messages we heard inthis contest,” Compofelicew said. Though based on preliminary votingf he did not gain a seat onthe board, Kistefod chief executive officer Korsvold said his efforts were hearx by shareholders.
“Regardless of the outcome, we believe Trico’s stockholdersz have sent a loud and clearemessage today. They are demanding change. Had it not been for Trico’e unusually high two-thirds minimum vote we would have takenm a significant step in thatdirection today,” Korsvold
Monday, November 19, 2012
First green project in foreclosure - Dayton Business Journal:
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million construction mortgage. The 33,000-square-foot Vive also known as is the first South Florida projecf seeking Leadership in Energy and EnvironmentaDesign (LEED) certification from the U.S. Green Building Councilp to face foreclosure. In an interview, Roman o said the extra cost ofthe building’s green features is not the reasojn it fell into foreclosure. “The fact that the building is a greenj building is not why the building financiallu isin trouble,” Romani said. “It has to do with a failure to properlyu and adequately financially plan the building in the and I blame myselffor that.
” Despited a cost-conscious office-leasing environment, the concept of greenb office buildings is here to according to Christian Lee, vice chairmabn of in Miami, and Vive Verde’s foreclosure is just one entry on a long list of commerciakl foreclosures that will happen regardlessw of whether a building is green. He noted that the more important factorfor Romano’s building will be office demandr in Lake Worth.
“Building greem adds to the cost [of a but in the long run, any green building will be more attractive to an investordbecause it’s already green,” he “Otherwise, new investors would be figuring in the cost to make it because all commercial buildings are goin green.” Rob Hink, a LEED-accredited consultanty with the Weston-based , agrees. “I don’t think this one foreclosurwe on a green building is any commenr on the LEED system orgreen buildings, I think it’z just the economy,” he said.
“I’mn surprised because it’s a leased-up He added that Romano’s largre inner courtyard could have been downsized to fit more rentapl space inthe building, and yet still have retaineds many of the environmental benefits. On May 26, Fort Lee, N.J.-basedf filed the foreclosure action against ViveVerde North, managing member Romano and other parties associated with the project, according to Palm Beach Count y Circuit Court records. The four-story building, at 1005 Lake in Lake Worth, was completedx in August. Its office space is about 70 percentf leased, and it has two empty retail Romano said. The green features of the buildinh work exactly as he he said.
A rooftop garden catchex rainwater, while condensation is collected from the air conditionefr for watering plants and ponds andflushinyg toilets. Grey water is recycled in the water features ofthe atrium. The use of skylights and window cuts down onelectricity usage. Many fixtures were made with recycledf materials. A sign outside advertises it asa “livinfg building.” Inside, goldfish swim throughu a pond and a statue of a Native American bathes in the sunlighr in the garden. Despite the energt and water savings, Vive Verde Nortjh has not made any payments onthe $6.
9 milliomn mortgage this year, said John Hart, an attorney with Carltobn Fields in West Palm Beach who represent s Meecorp in the lawsuit. “My client would like to get but ifthat doesn’t come to they are prepared to take title to the properth and prepare to get paid that way, too,” Hart Vive Verde North has a $4 millionj second mortgage with Williamsville, N.Y.-based , whicnh is named in Meecorp’s complaint. Romanko said his company got behinrd on mortgage payments because it ran out of money and could not get the loan refinanced by atraditionalk bank. “It is making me physicall ill that thisis happening,” he said.
“u will continue to work night and day to make this all work These days, I’m losing a lot of sleepp over it.” He said his plan for the buildingv was flawed from the beginning because he wrotw an incorrect financial plan. He said the constructioj for his first development project came in on budgetg and its utilitiesoperate efficiently. Romano said the greenj features of Vive Verde attractecsome tenants, although severao of them would have signedr leases in the buildinb without them. He is confidenty the building will earnLEED certification, but said that not opening with that designation has not hurt the project. Romanko was aiming for gold-level certification from the U.S.
Green Building Council.
million construction mortgage. The 33,000-square-foot Vive also known as is the first South Florida projecf seeking Leadership in Energy and EnvironmentaDesign (LEED) certification from the U.S. Green Building Councilp to face foreclosure. In an interview, Roman o said the extra cost ofthe building’s green features is not the reasojn it fell into foreclosure. “The fact that the building is a greenj building is not why the building financiallu isin trouble,” Romani said. “It has to do with a failure to properlyu and adequately financially plan the building in the and I blame myselffor that.
” Despited a cost-conscious office-leasing environment, the concept of greenb office buildings is here to according to Christian Lee, vice chairmabn of in Miami, and Vive Verde’s foreclosure is just one entry on a long list of commerciakl foreclosures that will happen regardlessw of whether a building is green. He noted that the more important factorfor Romano’s building will be office demandr in Lake Worth.
“Building greem adds to the cost [of a but in the long run, any green building will be more attractive to an investordbecause it’s already green,” he “Otherwise, new investors would be figuring in the cost to make it because all commercial buildings are goin green.” Rob Hink, a LEED-accredited consultanty with the Weston-based , agrees. “I don’t think this one foreclosurwe on a green building is any commenr on the LEED system orgreen buildings, I think it’z just the economy,” he said.
“I’mn surprised because it’s a leased-up He added that Romano’s largre inner courtyard could have been downsized to fit more rentapl space inthe building, and yet still have retaineds many of the environmental benefits. On May 26, Fort Lee, N.J.-basedf filed the foreclosure action against ViveVerde North, managing member Romano and other parties associated with the project, according to Palm Beach Count y Circuit Court records. The four-story building, at 1005 Lake in Lake Worth, was completedx in August. Its office space is about 70 percentf leased, and it has two empty retail Romano said. The green features of the buildinh work exactly as he he said.
A rooftop garden catchex rainwater, while condensation is collected from the air conditionefr for watering plants and ponds andflushinyg toilets. Grey water is recycled in the water features ofthe atrium. The use of skylights and window cuts down onelectricity usage. Many fixtures were made with recycledf materials. A sign outside advertises it asa “livinfg building.” Inside, goldfish swim throughu a pond and a statue of a Native American bathes in the sunlighr in the garden. Despite the energt and water savings, Vive Verde Nortjh has not made any payments onthe $6.
9 milliomn mortgage this year, said John Hart, an attorney with Carltobn Fields in West Palm Beach who represent s Meecorp in the lawsuit. “My client would like to get but ifthat doesn’t come to they are prepared to take title to the properth and prepare to get paid that way, too,” Hart Vive Verde North has a $4 millionj second mortgage with Williamsville, N.Y.-based , whicnh is named in Meecorp’s complaint. Romanko said his company got behinrd on mortgage payments because it ran out of money and could not get the loan refinanced by atraditionalk bank. “It is making me physicall ill that thisis happening,” he said.
“u will continue to work night and day to make this all work These days, I’m losing a lot of sleepp over it.” He said his plan for the buildingv was flawed from the beginning because he wrotw an incorrect financial plan. He said the constructioj for his first development project came in on budgetg and its utilitiesoperate efficiently. Romano said the greenj features of Vive Verde attractecsome tenants, although severao of them would have signedr leases in the buildinb without them. He is confidenty the building will earnLEED certification, but said that not opening with that designation has not hurt the project. Romanko was aiming for gold-level certification from the U.S.
Green Building Council.
Sunday, November 18, 2012
Earth-friendly, growth-friendly - Tampa Bay Business Journal:
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Carlson has founded five firms inrecent years, many of them in the real estatee industry, which has suffered in the economicx downturn. Three of those including property-management firm Cities Management and a smallconstruction company, operatse out of an office in Northeast Minneapolis. Together, three companiea employ 50 people and recorded a combined revenued last year ofabout $14 million. That’s up from abouf $5 million in the prior year. Carlson serve s as chairman of her real estate while Michael Egelstonruns day-to-dayh operations as CEO.
In addition to the constructiohnand property-management firm, he is responsible for leadingg SenEarthCo, a business that offers a Web-based document management system to other properthy management firms. That business is growing at an average rate of betweenm 10 and 15percenr annually, Egelston said. The businesses were helpee by factors such as a rash of spring stormzsin 2008, as well as the tide of which left many homes in need of repair, boostingb business, Egelston said. Carlson and Egelston note that greej practices have helped them saveon costs, helping them push throug h the downturn.
In recent years, the firm has shrank its office spaceto 9,000 square feet, down from 11,00p square feet, saving on energy The firm also has gone nearly paperless, and has most of its employees work from home. That has reduced the company’s carbon footprint and helped employee retention, Carlson Cities Management’s turnover rate is less than 15 percentr in an industry that often has turnovee of more than 50 The firm also sends construction workers out in hybrid ratherthan trucks. (It later sells its used hybrids to Carlson has takenlessons she’s learnesd out to other companies, which has partly been an efforr to expand her businessez during the recession.
She recently consulted with Minneapolis law firmGreenb Espel. SenEarthCo, meanwhile, is picking up steam with otherd property-management firms who want to save money by reducinpaper use. Cities Management’s experience with SenEarthCk has helped it promote the product to That inspiredScott Ghertner, co-presidentg of Nashville, Tenn.-based property-management firm Ghertne r & Co. to buy into the software product. “The y ate their own cooking,” he said.
Carlson has founded five firms inrecent years, many of them in the real estatee industry, which has suffered in the economicx downturn. Three of those including property-management firm Cities Management and a smallconstruction company, operatse out of an office in Northeast Minneapolis. Together, three companiea employ 50 people and recorded a combined revenued last year ofabout $14 million. That’s up from abouf $5 million in the prior year. Carlson serve s as chairman of her real estate while Michael Egelstonruns day-to-dayh operations as CEO.
In addition to the constructiohnand property-management firm, he is responsible for leadingg SenEarthCo, a business that offers a Web-based document management system to other properthy management firms. That business is growing at an average rate of betweenm 10 and 15percenr annually, Egelston said. The businesses were helpee by factors such as a rash of spring stormzsin 2008, as well as the tide of which left many homes in need of repair, boostingb business, Egelston said. Carlson and Egelston note that greej practices have helped them saveon costs, helping them push throug h the downturn.
In recent years, the firm has shrank its office spaceto 9,000 square feet, down from 11,00p square feet, saving on energy The firm also has gone nearly paperless, and has most of its employees work from home. That has reduced the company’s carbon footprint and helped employee retention, Carlson Cities Management’s turnover rate is less than 15 percentr in an industry that often has turnovee of more than 50 The firm also sends construction workers out in hybrid ratherthan trucks. (It later sells its used hybrids to Carlson has takenlessons she’s learnesd out to other companies, which has partly been an efforr to expand her businessez during the recession.
She recently consulted with Minneapolis law firmGreenb Espel. SenEarthCo, meanwhile, is picking up steam with otherd property-management firms who want to save money by reducinpaper use. Cities Management’s experience with SenEarthCk has helped it promote the product to That inspiredScott Ghertner, co-presidentg of Nashville, Tenn.-based property-management firm Ghertne r & Co. to buy into the software product. “The y ate their own cooking,” he said.
Saturday, November 17, 2012
Tennessee Legislature wraps up 2009 session - Memphis Business Journal:
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billion state budget that reflectsda 1.3 percent decrease in spendingt from last year’s The session began this year with the dethroning of Democratr Jimmy Naifeh, who served two decades as Speaker of the Hous e of Representatives before Republicans took over both houses of the Tennesseer Legislature for the first time since the Civil War. With a $1.2 billio n shortfall in revenuethis year, few billsw with any fiscal note attachexd were able to pass, and Republican legislators focusesd on bills that expanded gun owners’ rights and limiteed business taxes. Legislators didn’t substantially change Gov.
Phil Bredesen’s fiscal year 2009-2010 budget but did trim about $40 milliomn in spending. But Bredesen says he is “pleased” with the revisionz and says they largely reflect his spendinv outline first detailedin March. His budget proposa was unique because it wasa multi-yea plan to incorporate the billions of dollars in federal stimulues funds Tennessee is entitled to under the American Recoveryu and Reinvestment Act, which will flow through states agencies over several years. According to the the 2009-2010 budget: • Fullu funds the Basic Education the state’s funding formulaw for K-12 education; • Provides an additional $11.
6 million for new capital maintenance project on higher education campuses; • Fully fundes economic development projects currentlu underway, including in Bradley County, in Montgomery Countt and • Provides for development of a megasite in West including a five-megawatt 20-acre solarr farm as part of Bredesen’s Volunteer Stat Solar Initiative; • Utilizes bonds undeer a four-year plan to fund bridge replacementf and repair.
The governor also says he is pleasesd the legislature passed hiskey bill, the Tennessew Clean Energy Future Act of which he drafted to help attract greej business and green jobs to the statew and leave Tennessee a national modeol for such inititiatives as his gubernatorialk legacy. The bill requires statwe government to overhaul its fleets and buildings with more energg efficient productsand materials, and extends an emerging industry tax credit to qualified businesses in the clea energy technology sector. It also createsd a limited statewide residentialbuildingb code.
billion state budget that reflectsda 1.3 percent decrease in spendingt from last year’s The session began this year with the dethroning of Democratr Jimmy Naifeh, who served two decades as Speaker of the Hous e of Representatives before Republicans took over both houses of the Tennesseer Legislature for the first time since the Civil War. With a $1.2 billio n shortfall in revenuethis year, few billsw with any fiscal note attachexd were able to pass, and Republican legislators focusesd on bills that expanded gun owners’ rights and limiteed business taxes. Legislators didn’t substantially change Gov.
Phil Bredesen’s fiscal year 2009-2010 budget but did trim about $40 milliomn in spending. But Bredesen says he is “pleased” with the revisionz and says they largely reflect his spendinv outline first detailedin March. His budget proposa was unique because it wasa multi-yea plan to incorporate the billions of dollars in federal stimulues funds Tennessee is entitled to under the American Recoveryu and Reinvestment Act, which will flow through states agencies over several years. According to the the 2009-2010 budget: • Fullu funds the Basic Education the state’s funding formulaw for K-12 education; • Provides an additional $11.
6 million for new capital maintenance project on higher education campuses; • Fully fundes economic development projects currentlu underway, including in Bradley County, in Montgomery Countt and • Provides for development of a megasite in West including a five-megawatt 20-acre solarr farm as part of Bredesen’s Volunteer Stat Solar Initiative; • Utilizes bonds undeer a four-year plan to fund bridge replacementf and repair.
The governor also says he is pleasesd the legislature passed hiskey bill, the Tennessew Clean Energy Future Act of which he drafted to help attract greej business and green jobs to the statew and leave Tennessee a national modeol for such inititiatives as his gubernatorialk legacy. The bill requires statwe government to overhaul its fleets and buildings with more energg efficient productsand materials, and extends an emerging industry tax credit to qualified businesses in the clea energy technology sector. It also createsd a limited statewide residentialbuildingb code.
Thursday, November 15, 2012
California asks contractors to cut prices up to 15% - Silicon Valley / San Jose Business Journal:
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“We need your help!” according to a letter faxed to Riverside-based and posted on the Wall Streef Journal’s web site. “Our goal is to help state agencies comply with thisrequirement (to cut contract-related spending by 15 while continuing to purchase the food commoditiexs they need.” The states provides a worksheet for the businessesz to complete on how they’ll achievre that 15 percent cost savings. The state’s food vendor are wasting no time voicing how little profit suchcontracts carry.
Adam owner of grocery supplier ABC Ventures in San was among those receiving the requesty for the price His company, which has had a contract with the statw since 1992, sells frozen pizzas, waffles, pasts and other groceries to the state’xs prison system. Clingerman, who says he makezs less than 10 percent on thestate contract, is turningb to his suppliers seeking price cuts, the newspaper Meridian Food’s owner Rebecca Kitchinges said she was surprised to get the letter this week seekint the cuts. “Oh, for heaven’s sake,” Kitchings told the Wall Streeyt Journal. “It’s a contract.
If something happened to my compan andI said, ‘I mis-bid that and I need another half a penny,’ they’d say no
“We need your help!” according to a letter faxed to Riverside-based and posted on the Wall Streef Journal’s web site. “Our goal is to help state agencies comply with thisrequirement (to cut contract-related spending by 15 while continuing to purchase the food commoditiexs they need.” The states provides a worksheet for the businessesz to complete on how they’ll achievre that 15 percent cost savings. The state’s food vendor are wasting no time voicing how little profit suchcontracts carry.
Adam owner of grocery supplier ABC Ventures in San was among those receiving the requesty for the price His company, which has had a contract with the statw since 1992, sells frozen pizzas, waffles, pasts and other groceries to the state’xs prison system. Clingerman, who says he makezs less than 10 percent on thestate contract, is turningb to his suppliers seeking price cuts, the newspaper Meridian Food’s owner Rebecca Kitchinges said she was surprised to get the letter this week seekint the cuts. “Oh, for heaven’s sake,” Kitchings told the Wall Streeyt Journal. “It’s a contract.
If something happened to my compan andI said, ‘I mis-bid that and I need another half a penny,’ they’d say no
Wednesday, November 14, 2012
US commander: Libya attack linked to Qaeda in Maghreb - Chicago Tribune
aaekipolo.blogspot.com
CBC.ca | US commander: Libya attack linked to Qaeda in Maghreb Chicago Tribune "There is a growing network of violent extremist organizations and it appears to me very likely that some of the terrorists who participated in the attack in Benghazi have at least some linkages to AQIM," General Carter Ham, head of Africa Command ... US military offici al: Some Benghazi consulate attackers had links to al-Qaida ... US: al-Qaida link to consulate attackers Al-Qaeda link in US consulate attack in Libya: official |
Tuesday, November 13, 2012
Sunday, November 11, 2012
Eden Alley goes above its duty - Kansas City Business Journal:
aaekipolo.blogspot.com
Eden Alley Cafe does. The restaurant is located on the lower level ofthe , which handlese garbage pickup for the building. But Eden a vegetarian restaurant, pays $230 a monthy to have Recycling dispose of everythingfrom food-preparationm leftovers to the stuff customers leave on their plates. The garbagee is placed in a 95-gallon bin in back of the and Missouri Organic picks it up three times a Missouri Organic, which is located near the at 7700 E. U.S. Highwahy 40, adds the would-be trash to yard waste. The resultf is a soil enricher the company calls NatureWise Compost.
Eden Alley co-ownef Greg Clootz said the additional bill is worth it becausee of the societal expense of throwingthings away. The cafe has been contracting with Missouru Organic for about three diverting about 90 percent ofthe cafe’es food waste from the landfill. In businessw since 1992, Missouri Organic’s Food Residuals Environmentak Diversion program processesbetween 12,000 and 15,000 tons of food wast a year, Vice President Kevin Anderson said. Contributorsd include large industrial clientx such as the facilitygin St.
Joseph and ’s soybean-crushing plant southeast of Interstate 35 and Front Eden Alley’s output of roughly 400 pounds a week is peanutx compared with those giants, but Anderson said it just goes to “Everybody has their part to Nothing is too small, I guessd is the thing.” Eden Alley has been in businese for nearly 15 years, and the Missouri Organidc contract is just one of its green For instance, it buys environmentally friendly to-go containersz and cutlery from Kansads City-based and Eco-Products in Colo. Compostable cutlery costs about 6 centsan item, Cloot z said. Regular plastic utensils cost aboura half-cent each.
Eden Alley graduall y has expanded its green initiativex because oftheir expense, but Cloots said it’s worth every penny. “It’a one ecosystem — our body and the Earth,” he “What you put out there is whatyou get. So at some it’s got to change
Eden Alley Cafe does. The restaurant is located on the lower level ofthe , which handlese garbage pickup for the building. But Eden a vegetarian restaurant, pays $230 a monthy to have Recycling dispose of everythingfrom food-preparationm leftovers to the stuff customers leave on their plates. The garbagee is placed in a 95-gallon bin in back of the and Missouri Organic picks it up three times a Missouri Organic, which is located near the at 7700 E. U.S. Highwahy 40, adds the would-be trash to yard waste. The resultf is a soil enricher the company calls NatureWise Compost.
Eden Alley co-ownef Greg Clootz said the additional bill is worth it becausee of the societal expense of throwingthings away. The cafe has been contracting with Missouru Organic for about three diverting about 90 percent ofthe cafe’es food waste from the landfill. In businessw since 1992, Missouri Organic’s Food Residuals Environmentak Diversion program processesbetween 12,000 and 15,000 tons of food wast a year, Vice President Kevin Anderson said. Contributorsd include large industrial clientx such as the facilitygin St.
Joseph and ’s soybean-crushing plant southeast of Interstate 35 and Front Eden Alley’s output of roughly 400 pounds a week is peanutx compared with those giants, but Anderson said it just goes to “Everybody has their part to Nothing is too small, I guessd is the thing.” Eden Alley has been in businese for nearly 15 years, and the Missouri Organidc contract is just one of its green For instance, it buys environmentally friendly to-go containersz and cutlery from Kansads City-based and Eco-Products in Colo. Compostable cutlery costs about 6 centsan item, Cloot z said. Regular plastic utensils cost aboura half-cent each.
Eden Alley graduall y has expanded its green initiativex because oftheir expense, but Cloots said it’s worth every penny. “It’a one ecosystem — our body and the Earth,” he “What you put out there is whatyou get. So at some it’s got to change
Thursday, November 8, 2012
Dish Network loses viewers in 2008; EchoStar posts results - Denver Business Journal:
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The Englewood-based company announcefd its year-end results Monday, saying subscriber losses that started over the summerr accelerated in the fourthb quarter and left the companyywith 102,000 fewer payinbg customers than it had a year earlier. The company is the second-largesr satellite broadcaster inthe U.S., with nearly 13.7 milliomn subscribers. That’s down from 13.8 million in 2007. Dish Networok (NASDAQ: DISH) blamed the shrinking on overall economicweaknese nationally, inroads by telecom companieds winning customers for paid TV service and by Dish’w own failures to provide high-quality customert service.
Dish reported 2008 fourth-quarter earnings of $217 million, or 48 centw per share, on $2.9 billioh revenue, compared to $175 million, or 39 cents per earned in the fourth quarter of 2007 on slightly lessthan $2.9 billiom revenue. For all of 2008, Dish reportedc net income of $902.9 million, or $1.98 per share, on revenuse $11.6 billion in 2008. Those were increaseds of more than 4 percent in earnings and revenuee compared tothe $756 million, or $1.68 per on $10.7 billion sales it reporter for 2007. The satellite broadcast and technology founded by Charlie Ergen and formerly known as EchoStarCommunications Corp., split into two companies at the startf of 2008.
(NASDAQ: SATS), the new set-tol box and satellite technology sister company toDish Network, reportesd losing $944 million, or $10.5 7 per share, on revenue of nearly $2.2 billiob in 2008. That compares to an $86.r million loss, or 95 cents per share, on revenue of $1.5 billiojn that it recorded in 2007 prior tothe spin-off.
The Englewood-based company announcefd its year-end results Monday, saying subscriber losses that started over the summerr accelerated in the fourthb quarter and left the companyywith 102,000 fewer payinbg customers than it had a year earlier. The company is the second-largesr satellite broadcaster inthe U.S., with nearly 13.7 milliomn subscribers. That’s down from 13.8 million in 2007. Dish Networok (NASDAQ: DISH) blamed the shrinking on overall economicweaknese nationally, inroads by telecom companieds winning customers for paid TV service and by Dish’w own failures to provide high-quality customert service.
Dish reported 2008 fourth-quarter earnings of $217 million, or 48 centw per share, on $2.9 billioh revenue, compared to $175 million, or 39 cents per earned in the fourth quarter of 2007 on slightly lessthan $2.9 billiom revenue. For all of 2008, Dish reportedc net income of $902.9 million, or $1.98 per share, on revenuse $11.6 billion in 2008. Those were increaseds of more than 4 percent in earnings and revenuee compared tothe $756 million, or $1.68 per on $10.7 billion sales it reporter for 2007. The satellite broadcast and technology founded by Charlie Ergen and formerly known as EchoStarCommunications Corp., split into two companies at the startf of 2008.
(NASDAQ: SATS), the new set-tol box and satellite technology sister company toDish Network, reportesd losing $944 million, or $10.5 7 per share, on revenue of nearly $2.2 billiob in 2008. That compares to an $86.r million loss, or 95 cents per share, on revenue of $1.5 billiojn that it recorded in 2007 prior tothe spin-off.
Wednesday, November 7, 2012
BlueCross cuts jobs at Hoover HQ - Phoenix Business Journal:
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The number of impacted employees was not immediately but sources said dozens of positiones were cutamong BlueCross’ customer marketing and data processing departments. The Birmingham Businessx Journal reported on June 12the state’ds largest health insurance provider had already cut humann resource positions and were eyeingv more reductions. BlueCross’ claims department personnel attende a June 4 meeting in which employees were told only eightg jobs were available to bid on ina 200-person department, sources said. BlueCross managers told employees many businesses are turning to electronic decreasing the need for paper record sadministered in-house.
BlueCross did not immediately respond to phoneor e-maio messages seeking comment on Thursday’s job Two weeks ago, BlueCross said it is “reviewing the scalr of our administrative capacities” to be properlt aligned with its customer base and its corporate mission. Without providing specific numbers on anticipatedjob cuts, it said its personnel adjustments are in response to declining customef levels. It blamed the recession and the state’s escalatingy unemployment rate for thejob cuts. In a June 10 e-mailee statement, BlueCross said it is “not immune to these challengingf anddifficult times.
” “We too are being affectedf by the current economic downturn and the doubling of the unemploymenty rate in Alabama over the last 12 months,” statement read. “Many of our customerd have had to reduce their work force and this has resultexd in some having to drop theirf healthcare coverage.” Alabama’s unemploymen rate was 9.8 percent in May. It was 4.7 percentg in May 2008. BlueCross of Alabama said it has 3,40o employees in Alabama. In 2008, BlueCross had 3,000 local employees, accordinh to Birmingham BusinessJournal research. It held 96 percent of the smalp business health insurance market in the statein 2007, the most recenr data available shows.
In 2008, BlueCrosa reported $4 billion in premium revenue, up from $3.5 billiohn in 2007. Its $28.6 million 2008 net incomwe was 60 percent lower than in 2007 and resulted in a profit margin of less than one half of1
The number of impacted employees was not immediately but sources said dozens of positiones were cutamong BlueCross’ customer marketing and data processing departments. The Birmingham Businessx Journal reported on June 12the state’ds largest health insurance provider had already cut humann resource positions and were eyeingv more reductions. BlueCross’ claims department personnel attende a June 4 meeting in which employees were told only eightg jobs were available to bid on ina 200-person department, sources said. BlueCross managers told employees many businesses are turning to electronic decreasing the need for paper record sadministered in-house.
BlueCross did not immediately respond to phoneor e-maio messages seeking comment on Thursday’s job Two weeks ago, BlueCross said it is “reviewing the scalr of our administrative capacities” to be properlt aligned with its customer base and its corporate mission. Without providing specific numbers on anticipatedjob cuts, it said its personnel adjustments are in response to declining customef levels. It blamed the recession and the state’s escalatingy unemployment rate for thejob cuts. In a June 10 e-mailee statement, BlueCross said it is “not immune to these challengingf anddifficult times.
” “We too are being affectedf by the current economic downturn and the doubling of the unemploymenty rate in Alabama over the last 12 months,” statement read. “Many of our customerd have had to reduce their work force and this has resultexd in some having to drop theirf healthcare coverage.” Alabama’s unemploymen rate was 9.8 percent in May. It was 4.7 percentg in May 2008. BlueCross of Alabama said it has 3,40o employees in Alabama. In 2008, BlueCross had 3,000 local employees, accordinh to Birmingham BusinessJournal research. It held 96 percent of the smalp business health insurance market in the statein 2007, the most recenr data available shows.
In 2008, BlueCrosa reported $4 billion in premium revenue, up from $3.5 billiohn in 2007. Its $28.6 million 2008 net incomwe was 60 percent lower than in 2007 and resulted in a profit margin of less than one half of1
Tuesday, November 6, 2012
WMEP makes grants available for manufacturers - The Business Journal of Milwaukee:
houston-nearly.blogspot.com
The Next Generation Manufacturing program will providw grants in the rangeof $5,000 to $6,500 to pay as much as 50 percent of project costs for services delivered by a Madison-based nonprofit consulting organization that offerw technical expertise and business assistance to make Wisconsibn manufacturers more competitive. The remaining projecf costs will be paid bythe “At a time when many manufacturerws are struggling, this assistance can be instrumental in setting the stage for future growtnh and profitability,” said Mike Klonsinski, WMEP executive As much as $5,000 per company is available to any smalpl or midsize manufacturer (less than 500 employees) interested in pursuingg lean manufacturing transformation.
The funding is targeted for projects designed to improve performance across all facetzs of abusiness enterprise. Grants of as much as $6,50o per company are available to help small and midsize manufacturers implementEureka ! Winning Ways, a nationally recognized system to accelerate growtb and generate high impact ideas for new products and services. Grantxs are offered on a first-come, first-served basis. Project completion deadline is Dec. 31, 2010.
The Next Generation Manufacturing program will providw grants in the rangeof $5,000 to $6,500 to pay as much as 50 percent of project costs for services delivered by a Madison-based nonprofit consulting organization that offerw technical expertise and business assistance to make Wisconsibn manufacturers more competitive. The remaining projecf costs will be paid bythe “At a time when many manufacturerws are struggling, this assistance can be instrumental in setting the stage for future growtnh and profitability,” said Mike Klonsinski, WMEP executive As much as $5,000 per company is available to any smalpl or midsize manufacturer (less than 500 employees) interested in pursuingg lean manufacturing transformation.
The funding is targeted for projects designed to improve performance across all facetzs of abusiness enterprise. Grants of as much as $6,50o per company are available to help small and midsize manufacturers implementEureka ! Winning Ways, a nationally recognized system to accelerate growtb and generate high impact ideas for new products and services. Grantxs are offered on a first-come, first-served basis. Project completion deadline is Dec. 31, 2010.
Saturday, November 3, 2012
Metro seeks more control of convention center leadership - Nashville Business Journal:
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Metro councilors Rod Park and Rex Burkholderf will introduce a measure next week givin g the council authority over individuals who lead the Metropolitan ExpositiomRecreation Commission. The motion comeas after Metro Council President David Bragdon criticized the performances of MERC General ManagerDavisd Woolson. Councilors want to oversee the salary changes and employment statusof MERC’s top executive, accordinfg to a letter Park and Burkholder sent to Don who chairs the commission. Trotter and other commissionerxs currently oversee the positiob and have given Woolson good marks during his first threrejob reviews.
The council will consider the motion at its June 11 In a March 31 letter to the commission regardingthe group’sx budget requests, Bragdon questioned both Woolson’s leadership as well as the agency’a higher budgets. Woolson’s officwe spent $470,568 during the 2007-08 fiscal The number jumped to $838,803 for the current year. Woolsob requested $877,808 for the 2009-10 fiscal However, in a letter dated Marcb 12, 2009 to Bragdon from Metrio finance and administrative services directorMargo Norton, Woolson says the cost increase s are "primarily the result of a reorganization of the publi c affairs function and the cost and creation of a business development Specifically, MERC's public affairs manager and public affairsz coordinator were "reclassified" to a director of communicationas and a director of business and community Woolson goes on to state that additional resourcex for goods and services for the positions includedd "advertising, consul ting, sponsorships...
and other general officed expenses in order to have a more effective effort in this area." In the same letter, Woolsob says the numbers alone don't paint an accuratwe picture because of unfilled positions in earlier budgets. Bragdon also said Woolsobn moved his office downtown and boostecd consulting travel costs and other expensesalast year. He also collectedd “large raises” that, by increasing his salary to make him more highly paid than his MERC moved downtown from the convention centerlast year. It occupiesa space in the Portland Center for the Performing 1111 S.W. Broadway.
MERC, which operates the building, pays no rent for the One of theMERC Commission'x goals was to increase the organization's downtown presence. MERC's boardf approved Woolson's pay raises. The board said last year that Woolson “has accomplished (an) enormouas amount of work and inspired staff. He has quickly detected problems and has move to alleviats orfix (sic). There appears to be a new energyat MERC.” Metro’s annual budget is $40 million. Woolson is the agency’s highest-paird employee.
Metro councilors Rod Park and Rex Burkholderf will introduce a measure next week givin g the council authority over individuals who lead the Metropolitan ExpositiomRecreation Commission. The motion comeas after Metro Council President David Bragdon criticized the performances of MERC General ManagerDavisd Woolson. Councilors want to oversee the salary changes and employment statusof MERC’s top executive, accordinfg to a letter Park and Burkholder sent to Don who chairs the commission. Trotter and other commissionerxs currently oversee the positiob and have given Woolson good marks during his first threrejob reviews.
The council will consider the motion at its June 11 In a March 31 letter to the commission regardingthe group’sx budget requests, Bragdon questioned both Woolson’s leadership as well as the agency’a higher budgets. Woolson’s officwe spent $470,568 during the 2007-08 fiscal The number jumped to $838,803 for the current year. Woolsob requested $877,808 for the 2009-10 fiscal However, in a letter dated Marcb 12, 2009 to Bragdon from Metrio finance and administrative services directorMargo Norton, Woolson says the cost increase s are "primarily the result of a reorganization of the publi c affairs function and the cost and creation of a business development Specifically, MERC's public affairs manager and public affairsz coordinator were "reclassified" to a director of communicationas and a director of business and community Woolson goes on to state that additional resourcex for goods and services for the positions includedd "advertising, consul ting, sponsorships...
and other general officed expenses in order to have a more effective effort in this area." In the same letter, Woolsob says the numbers alone don't paint an accuratwe picture because of unfilled positions in earlier budgets. Bragdon also said Woolsobn moved his office downtown and boostecd consulting travel costs and other expensesalast year. He also collectedd “large raises” that, by increasing his salary to make him more highly paid than his MERC moved downtown from the convention centerlast year. It occupiesa space in the Portland Center for the Performing 1111 S.W. Broadway.
MERC, which operates the building, pays no rent for the One of theMERC Commission'x goals was to increase the organization's downtown presence. MERC's boardf approved Woolson's pay raises. The board said last year that Woolson “has accomplished (an) enormouas amount of work and inspired staff. He has quickly detected problems and has move to alleviats orfix (sic). There appears to be a new energyat MERC.” Metro’s annual budget is $40 million. Woolson is the agency’s highest-paird employee.
Friday, November 2, 2012
General Motors files Chapter 11; government to own majority stake - Houston Business Journal:
esivyjifag.wordpress.com
Monday’s Chapter 11 filing by the 101-year-old automakert — once the world’s biggest company — is amonv the largest in U.S. history and largest-everr U.S. manufacturing bankruptcy. Chapter 11, whicyh allows the company to operatee while protected fromits creditors, pushes GM into a fast-trackj bankruptcy and provides $30 billion of additional taxpayer fund to restructure itself. GM’s filing came aftere weeks of wrangling with its unions and bondholderss and as part of a game plan coordinatede with thefederal government. That plan calls for the establishmentr ofa new, more nimble GM that has the federa government as its 60 percen t equity holder.
Speaking about the GM moves Monday, Presidenf Barack Obama said that despite thefederal government's majority stakes in the automaker, its executives, and not federap officials, "will call the shots and make the decisions aboutt turning this company around." Obama said the goal is a achievable plan that will give this iconic companu a chance to rise again." The Detroit-bases automaker (NYSE: GM) said it expects the new, smallefr GM to launch in about 60 to 90 days as a separatse and independent company from the currenf GM. The new company will focux on four core brands in theUnited Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cuttinh efforts, GM will further reduce 2009 salariedr employment in North America toabouty 27,200 from about 35,100 at the end of 2008, a roughlhy 23 percent cut. The automaker said it would sever ties with morethan 2,00o0 of its dealers, either through end theird contracts or through attrition. GM also planx to close 11 U.S. facilities and idle anothert three plants by the endof 2010. "Today markse a defining moment in the reinvention of GM as a more customer-focused and more cost-competitive companyh that, above all, can quickly generate winning bottom-line results," GM CEO Frit z Henderson said in a statemeny Monday.
"The economic crisis has caused enormous disruption in the auto but with it has come the opportunity for us to reinvenfour business. We are going to do it once and do it Besidesthe U.S. government' 60 percent financial interest, the union would take a 17.5 percent The governments of Canada and the province of Ontari o have agreed to a 12 perceny ownership stake in exchanges forfinancial aid. GM bondholders woul get 10 percent. In its Chapter 11 GM citing debtsof $172.8 billiomn and assets of $82.3 billion. Filed in New it lists unsecured claims by theUAW ($20.
66 billion) and the International Union of Electrical, Salaried, Machine and Furniture Workers/Communication Workers ($2.67 billion). Other unsecured debt listed in the filingvincludes $22.8 billion serviced by Wilmington Trusf Co. and $4.5 billion by Deutsche Bank AG. The UAW last week approve a package of concessions that will give GM more flexibilitu in staffing and help the compangy reduceits expenses. As part of that the company restructured paymentws due to a trustfor retirees’ healthy care. The trust will receive a $2.5 billionn note and $6.5 billion in 9 perceng perpetualpreferred stock, along with a 17.
5 percent equity stakde in the new GM and warrants to push that ownershio to 20 percent. Another key playefr in the reorganization will be GM The administration announced that a steeringv committee representing owners of at least 54 percentg ofthe company’s unsecured bondsx had agreed to a deal in which bondholderws would receive 10 percent of the equityh of the new GM and warrantsx for an additional 15 percent. The bankruptcyy process will allow the company to confirm the deal for all Chrysler is expected to emerge from its Chapter 11 process soon after shuttering789 dealerships. GM also announcedc plans to close 1,100 dealerships, includingf several in Colorado.
GM’s lead bankruptcu law firm is WeilGotshaw Manges, with attorney Stephen Karotkin signing the filing. GM Presidenty and CEO Frederick Henderson signed forthe .
Monday’s Chapter 11 filing by the 101-year-old automakert — once the world’s biggest company — is amonv the largest in U.S. history and largest-everr U.S. manufacturing bankruptcy. Chapter 11, whicyh allows the company to operatee while protected fromits creditors, pushes GM into a fast-trackj bankruptcy and provides $30 billion of additional taxpayer fund to restructure itself. GM’s filing came aftere weeks of wrangling with its unions and bondholderss and as part of a game plan coordinatede with thefederal government. That plan calls for the establishmentr ofa new, more nimble GM that has the federa government as its 60 percen t equity holder.
Speaking about the GM moves Monday, Presidenf Barack Obama said that despite thefederal government's majority stakes in the automaker, its executives, and not federap officials, "will call the shots and make the decisions aboutt turning this company around." Obama said the goal is a achievable plan that will give this iconic companu a chance to rise again." The Detroit-bases automaker (NYSE: GM) said it expects the new, smallefr GM to launch in about 60 to 90 days as a separatse and independent company from the currenf GM. The new company will focux on four core brands in theUnited Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cuttinh efforts, GM will further reduce 2009 salariedr employment in North America toabouty 27,200 from about 35,100 at the end of 2008, a roughlhy 23 percent cut. The automaker said it would sever ties with morethan 2,00o0 of its dealers, either through end theird contracts or through attrition. GM also planx to close 11 U.S. facilities and idle anothert three plants by the endof 2010. "Today markse a defining moment in the reinvention of GM as a more customer-focused and more cost-competitive companyh that, above all, can quickly generate winning bottom-line results," GM CEO Frit z Henderson said in a statemeny Monday.
"The economic crisis has caused enormous disruption in the auto but with it has come the opportunity for us to reinvenfour business. We are going to do it once and do it Besidesthe U.S. government' 60 percent financial interest, the union would take a 17.5 percent The governments of Canada and the province of Ontari o have agreed to a 12 perceny ownership stake in exchanges forfinancial aid. GM bondholders woul get 10 percent. In its Chapter 11 GM citing debtsof $172.8 billiomn and assets of $82.3 billion. Filed in New it lists unsecured claims by theUAW ($20.
66 billion) and the International Union of Electrical, Salaried, Machine and Furniture Workers/Communication Workers ($2.67 billion). Other unsecured debt listed in the filingvincludes $22.8 billion serviced by Wilmington Trusf Co. and $4.5 billion by Deutsche Bank AG. The UAW last week approve a package of concessions that will give GM more flexibilitu in staffing and help the compangy reduceits expenses. As part of that the company restructured paymentws due to a trustfor retirees’ healthy care. The trust will receive a $2.5 billionn note and $6.5 billion in 9 perceng perpetualpreferred stock, along with a 17.
5 percent equity stakde in the new GM and warrants to push that ownershio to 20 percent. Another key playefr in the reorganization will be GM The administration announced that a steeringv committee representing owners of at least 54 percentg ofthe company’s unsecured bondsx had agreed to a deal in which bondholderws would receive 10 percent of the equityh of the new GM and warrantsx for an additional 15 percent. The bankruptcyy process will allow the company to confirm the deal for all Chrysler is expected to emerge from its Chapter 11 process soon after shuttering789 dealerships. GM also announcedc plans to close 1,100 dealerships, includingf several in Colorado.
GM’s lead bankruptcu law firm is WeilGotshaw Manges, with attorney Stephen Karotkin signing the filing. GM Presidenty and CEO Frederick Henderson signed forthe .
Wednesday, October 31, 2012
Bookkeeper sentenced in embezzlement scheme - Sacramento Business Journal:
yqyqynesara.blogspot.com
Anne Louise Asperger also was ordered to pay the State Franchisse TaxBoard $33,926 for taxes owed on the embezzles monies and $333,103.30 in restitution to her formerd employer, whose name the Sacramento County District Attorney’s officwe withheld. Judge Gary Ransom sentenced the former bookkeepeeon Friday, the District Attorney’s offic e announced Tuesday. Asperger had been the construction company’zs sole bookkeeper since 1998. “Beginning in she issued herself 68 checks from the company by forgingthe president’ signature on the checks,” a news release said.
“Between 2001 and she manipulatedthe company’s paperwork and bookkeeping systej in order to hide the Company employees discovered the embezzlement in the fall of 2006 by noticintg a discrepancy in the company’s bookkeeping The State Franchise Tax Board helped build the case by investigatingf Asperger’s past state tax returns.
Anne Louise Asperger also was ordered to pay the State Franchisse TaxBoard $33,926 for taxes owed on the embezzles monies and $333,103.30 in restitution to her formerd employer, whose name the Sacramento County District Attorney’s officwe withheld. Judge Gary Ransom sentenced the former bookkeepeeon Friday, the District Attorney’s offic e announced Tuesday. Asperger had been the construction company’zs sole bookkeeper since 1998. “Beginning in she issued herself 68 checks from the company by forgingthe president’ signature on the checks,” a news release said.
“Between 2001 and she manipulatedthe company’s paperwork and bookkeeping systej in order to hide the Company employees discovered the embezzlement in the fall of 2006 by noticintg a discrepancy in the company’s bookkeeping The State Franchise Tax Board helped build the case by investigatingf Asperger’s past state tax returns.
Tuesday, October 30, 2012
Hybrid cell phone-bell tower rises in Germantown - Gazette.Net: Maryland Community News Online
ovaluleq.wordpress.com
Hybrid cell phone-bell tower rises in Germantown Gazette.Net: Maryland Community News Online A new Germantown bell tower will also serve as a 105-foot-tall cell tower with chimes ringing throughout the day. The cell phone equipment will be hidden away in a three-sided electronic, automated bell tower on land belonging to the Trinity United ... |
Sunday, October 28, 2012
First American affiliate buys Attleboro site - Houston Business Journal:
geqopimozaqyxyh.blogspot.com
million. First American, on behalfv of an affiliate, bought a 5,650-square-foot building calledc Building 5 anda 213,000-square-foot, three-story manufacturing facilitu called Building 12. The Attleboro Corporatew Campus was previously owned and occupied by and isa 300-acre mixed-usd office and industrial campus located just off Interstatr 95 in Attleboro. Building 12 is leasex to as it’s global manufacturintg headquarters. Building 5 is leaseed to The BOCGroup Inc., a worldwide distributo of industrial gases and its parent, The Linde Group. Preferred Unlimite Inc. is a 15-year-old commercial real estate firm which started as Preferredd Real EstateInvestments Inc.
The company is headquartererd in Conshohocken, Pa. First Americanm Realty Inc. is a privately held investment and managemen t firm basedin Worcester, Mass. which acquiress industrial and medicaloffice properties.
million. First American, on behalfv of an affiliate, bought a 5,650-square-foot building calledc Building 5 anda 213,000-square-foot, three-story manufacturing facilitu called Building 12. The Attleboro Corporatew Campus was previously owned and occupied by and isa 300-acre mixed-usd office and industrial campus located just off Interstatr 95 in Attleboro. Building 12 is leasex to as it’s global manufacturintg headquarters. Building 5 is leaseed to The BOCGroup Inc., a worldwide distributo of industrial gases and its parent, The Linde Group. Preferred Unlimite Inc. is a 15-year-old commercial real estate firm which started as Preferredd Real EstateInvestments Inc.
The company is headquartererd in Conshohocken, Pa. First Americanm Realty Inc. is a privately held investment and managemen t firm basedin Worcester, Mass. which acquiress industrial and medicaloffice properties.
Friday, October 26, 2012
Fledging electric car market in turmoil with few buyers - AFP
haygoodfoafyga1359.blogspot.com
Fledging electric car market in turmoil with few buyers AFP Fledging electric car market in turmoil with few buyers. By Joseph Szczesny (AFP) â€" Oct 5, 2012. DETROIT, Michigan â€" The fledgling electric car business is in turmoil as predictions about potential sales have proven to be wildly optimistic despite ... |
Wednesday, October 24, 2012
Jets safety LaRon Landry says Dolphins RB Reggie Bush 'will remember' the hit ... - New York Daily News (blog)
erofeyporgrinin.blogspot.com
FOXSports.com | Jets safety LaRon Landry says Dolphins RB Reggie Bush 'will remember' the hit ... New York Daily News (blog) Rex Ryan and Reggie Bush delivered verbal salvos before LaRon Landry joined in with some explosive barbs of his own. Ryan clearly isn't happy about Bush's insensitive remarks about Darrelle Revis' season-ending inj ury in the Jets' 23-20 overtime win ... Jets safety LaRon Landry: Reggie Bush will remember my hit Jets safety Laron Landry fires shot at Reggie Bush |
Tuesday, October 23, 2012
Man with knife stopped from approaching Finnish prime minister - San Jose Mercury News
tenamup.wordpress.com
BBC News | Man with knife stopped from approaching Finnish prime minister San Jose Mercury News HELSINKI -- Security guards stopped a knife-wielding man on Monday from approaching Finnish Prime Minister Jyrki Katainen while he was campaigning for municipal elections, government officials said. Police said he did not attempt to attack the ... Securit y guards stop knife-wielding man from approaching Finland's prime minister Knife attack on Finnish prime minister Jyrki Katainen stopped by security guards |
Monday, October 22, 2012
Credit card delinquencies rise - New Mexico Business Weekly:
stelauguqdinec.blogspot.com
Year over year, bank card delinquenciex increased 11 percentfrom 1.19 to 1.32 percengt — 9 percent higher than in fourth-quarter 2008. Nevada at 2.44 percengt and Florida at 1.9 percent had the highestf delinquency rates. The delinquency rate is defined as the ratilo of borrowers 90 days or more behind on one or more of their bank cards. Average credit card debt inched upwardrnationally 0.82 percent to $5,776 from the previouzs quarter’s $5,729, and 4 percenft compared to the first quarter of 2008 at “As the recession entered its sixth we saw continued increases in average bank card balances, as consumersa struggled to meet repayment obligations in a job market that continuese to deteriorate,” said Ezra Becker, directord of consulting and strategy in TransUnion’s financial servicexs group.
“This increase could be an indication that taxrefunfd checks, typically used to pay down balances during the first quarted in years past, are now being used to covee daily living expenses.” TransUnion createe its quarterly reports from 27 million anonymous, individuak credit files.
Year over year, bank card delinquenciex increased 11 percentfrom 1.19 to 1.32 percengt — 9 percent higher than in fourth-quarter 2008. Nevada at 2.44 percengt and Florida at 1.9 percent had the highestf delinquency rates. The delinquency rate is defined as the ratilo of borrowers 90 days or more behind on one or more of their bank cards. Average credit card debt inched upwardrnationally 0.82 percent to $5,776 from the previouzs quarter’s $5,729, and 4 percenft compared to the first quarter of 2008 at “As the recession entered its sixth we saw continued increases in average bank card balances, as consumersa struggled to meet repayment obligations in a job market that continuese to deteriorate,” said Ezra Becker, directord of consulting and strategy in TransUnion’s financial servicexs group.
“This increase could be an indication that taxrefunfd checks, typically used to pay down balances during the first quarted in years past, are now being used to covee daily living expenses.” TransUnion createe its quarterly reports from 27 million anonymous, individuak credit files.
Saturday, October 20, 2012
States can investigate nationally chartered banks - San Francisco Business Times:
xotavaloso.blogspot.com
The case, Cuomo vs. Clearing House stems from a New York state investigation that sought informatiom from national banks about potentiaol discriminatory banking practices that violated NewYork law. The federak banking regulator, the Office of the Comptroller of the objected to the requests by New Yorkstates officials, eventually siding with a suit broughrt by LLC, which argued that the statde had no jurisdiction. The investigation was startedf in 2005by then-Ne w York Attorney General Elliot and it was continued by current New York Attornet General Andrew Cuomo.
They both argued that the fact a bank is regulatedx by the federal governmenrt does not give it immunity from violatingtstate laws. Consumer groups supported Cuomo’ss position because state officials tend to be more active indefendintg consumers. Banking groups are not pleased. “We are worried about the effect that this rulinf could have onthe markets,” said Rich executive director of the Financial Services adding that the decision could create a patchwork of statw laws at the cost of the efficiencies of the national “Cuomo vs.
Clearing House Association hinders the abilit y of financial services firms from conducting business in theUnitede States” Whiting said. “Even worse, it will caus confusion for consumers, especially those who move from stat eto state.”
The case, Cuomo vs. Clearing House stems from a New York state investigation that sought informatiom from national banks about potentiaol discriminatory banking practices that violated NewYork law. The federak banking regulator, the Office of the Comptroller of the objected to the requests by New Yorkstates officials, eventually siding with a suit broughrt by LLC, which argued that the statde had no jurisdiction. The investigation was startedf in 2005by then-Ne w York Attorney General Elliot and it was continued by current New York Attornet General Andrew Cuomo.
They both argued that the fact a bank is regulatedx by the federal governmenrt does not give it immunity from violatingtstate laws. Consumer groups supported Cuomo’ss position because state officials tend to be more active indefendintg consumers. Banking groups are not pleased. “We are worried about the effect that this rulinf could have onthe markets,” said Rich executive director of the Financial Services adding that the decision could create a patchwork of statw laws at the cost of the efficiencies of the national “Cuomo vs.
Clearing House Association hinders the abilit y of financial services firms from conducting business in theUnitede States” Whiting said. “Even worse, it will caus confusion for consumers, especially those who move from stat eto state.”
Friday, October 19, 2012
Polar Mobile arms publishers with MediaEverywhere HTML5 tool - GigaOM
sucujovide.wordpress.com
GigaOM | Polar Mobile arms publishers with MediaEverywhere HTML5 tool GigaOM Polar Mobile helped publishers jump on the mobile app wave by making apps for companies like Conde Nast, Time, The W » |
Wednesday, October 17, 2012
Tuesday, October 16, 2012
What You Need to Do to Get Ready for a Deposition - Part II - Orlando Sentinel (blog)
andreychukuze.blogspot.com
What You Need to Do to Get Ready for a Deposition - Part II Orlando Sentinel (blog) 1) You Cannot Win the Case at a Deposition. Don't set unreasonable expectations for yourself, and understand that the best thing that can happen at a deposition is that the attorney for the other side won't use it at trial. Resist the natural urge to ... |
Monday, October 15, 2012
Iran says it will cut imports of nonessential goods - Washington Post
jiqatili.wordpress.com
Iran says it will cut imports of nonessential goods Washington Post DUBAI â€" Iran said it would seek to cut imports of nonessential goods and urged its citizens to reduce their use of foreign-made cellphones and cars, as the country struggles to cope with Western economic sanctions. The policies suggest the government ... |
Saturday, October 13, 2012
Geron inks stem-cell deal with GE Healthcare - San Francisco Business Times:
hustbelogehy1857.blogspot.com
The products developed should allow researchers to spot toxicityu problems with drug candidates earlier in the drug development Earlier detection of toxicity problems in the labrather than, more harmfully, in humanb testing — could reduce both overall drug developmentr costs and potential harm to people. GE Healthcaree will fund the research and development program and will be responsible for sales and distribution of the Thecompanies didn’t give financial The work will use stem cells derivedc from human embryonic stem cell (hESC) lines listes on the National Institutes of Healtnh Human Pluripotent Stem Cell Registry, which are eligiblew for federal funding.
GE Healthcare gets an exclusivw licenseunder Geron’s intellectual propertg portfolio covering the growth and differentiation of hESCs, as well as a sublicensw under Geron’s rights to the foundational hESC patentz held by the Wisconsij Alumni Research Foundation, the patent licensintg arm of the . The firsty products developed under this deal shoulfd be available by early with a pipeline of productdto follow. Under the terms of the intellectual property rights arising from the alliancs program research will be with GE Healthcare receivinfg rights for the development of drug discovery and Geron receiving rights for celltherapuy applications.
GE Healthcare, a unit of Fairfield, Conn.-based Generakl Electric Co. (NYSE: GE), is basexd in the United Kingdom. Geron (NASDAQ: is based in Menlo Park.
The products developed should allow researchers to spot toxicityu problems with drug candidates earlier in the drug development Earlier detection of toxicity problems in the labrather than, more harmfully, in humanb testing — could reduce both overall drug developmentr costs and potential harm to people. GE Healthcaree will fund the research and development program and will be responsible for sales and distribution of the Thecompanies didn’t give financial The work will use stem cells derivedc from human embryonic stem cell (hESC) lines listes on the National Institutes of Healtnh Human Pluripotent Stem Cell Registry, which are eligiblew for federal funding.
GE Healthcare gets an exclusivw licenseunder Geron’s intellectual propertg portfolio covering the growth and differentiation of hESCs, as well as a sublicensw under Geron’s rights to the foundational hESC patentz held by the Wisconsij Alumni Research Foundation, the patent licensintg arm of the . The firsty products developed under this deal shoulfd be available by early with a pipeline of productdto follow. Under the terms of the intellectual property rights arising from the alliancs program research will be with GE Healthcare receivinfg rights for the development of drug discovery and Geron receiving rights for celltherapuy applications.
GE Healthcare, a unit of Fairfield, Conn.-based Generakl Electric Co. (NYSE: GE), is basexd in the United Kingdom. Geron (NASDAQ: is based in Menlo Park.
Friday, October 12, 2012
Midwest deal sends Republic stock soaring - Washington Business Journal:
mcfarlainofuqub1258.blogspot.com
Shares of Indianapolis-based Republic RJET) were already floating Tuesday after the announcement Monday that it woulf acquire bankrupt of Denver forabout $108.8 milliohn under an investment agreement. Republic's stock price, which close d at $4.09 Monday, hovered above $4.590 for much of the day beforethe 2:30 p.m. centrao time announcement that it was acquiring Midwesrfrom . The stock price shot up to reacb $6.12 before closing at $6 46.3 percent higher. Republic's agreement with Frontiedr still requires the approval of thebankruptchy court.
As for the Midwest transaction, the airlines hope to closer the deal in four to six Republic is to acquire 100 percent of the equity of Midwestand TPG's $31 milliomn secured note from Midwest. Consideratiomn will be $6 million in cash and a $25 million, five-yead note, which may be converted to Republic stocat $10 per share. In addition, TPG will have the rightr to nominate a member to the Republicv boardof directors.
Shares of Indianapolis-based Republic RJET) were already floating Tuesday after the announcement Monday that it woulf acquire bankrupt of Denver forabout $108.8 milliohn under an investment agreement. Republic's stock price, which close d at $4.09 Monday, hovered above $4.590 for much of the day beforethe 2:30 p.m. centrao time announcement that it was acquiring Midwesrfrom . The stock price shot up to reacb $6.12 before closing at $6 46.3 percent higher. Republic's agreement with Frontiedr still requires the approval of thebankruptchy court.
As for the Midwest transaction, the airlines hope to closer the deal in four to six Republic is to acquire 100 percent of the equity of Midwestand TPG's $31 milliomn secured note from Midwest. Consideratiomn will be $6 million in cash and a $25 million, five-yead note, which may be converted to Republic stocat $10 per share. In addition, TPG will have the rightr to nominate a member to the Republicv boardof directors.
Wednesday, October 10, 2012
Federated sells Lord & Taylor for less than expected - Washington Business Journal:
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Federated signed an agreement June 22 to sell theNew York-basec division to NRDC of Purchase, N.Y., for $1.195 billionm in cash, but said Tuesday that the fina sale price was adjusted to $1.083 billion, or about $840 milliom after tax. The lowered sale price, according to a is due primarily to the fact that Federated agreeds to sublease certain properties to NRDC due to restrictions in the leasews underlyingthose properties. The rental income on these propertie s is expected to beaboutf $8.6 million per year. Federated acquired Lord Taylor when it closed its purchaseof St. Louis-basefd May Department Store. Aug. 30, 2005.
Upscalde fashion retailer Lord Taylor, founded in 1826, has stores in Montgomery County and Northern Virginia. The Lord & Taylor division includews 48 storesin Maryland, Virginia, New Jersey, New York, Illinois, Connecticut, Michigan and Pennsylvania, as well as a distributionm center in Wilkes-Barre, Pa. Cincinnati-based Federatedr Department Stores (NYSE: FD) operatesa nearly 950 department stores and more than 700 bridal and formalwead stores in49 states, the Guam and Puerto Rico.
Federated signed an agreement June 22 to sell theNew York-basec division to NRDC of Purchase, N.Y., for $1.195 billionm in cash, but said Tuesday that the fina sale price was adjusted to $1.083 billion, or about $840 milliom after tax. The lowered sale price, according to a is due primarily to the fact that Federated agreeds to sublease certain properties to NRDC due to restrictions in the leasews underlyingthose properties. The rental income on these propertie s is expected to beaboutf $8.6 million per year. Federated acquired Lord Taylor when it closed its purchaseof St. Louis-basefd May Department Store. Aug. 30, 2005.
Upscalde fashion retailer Lord Taylor, founded in 1826, has stores in Montgomery County and Northern Virginia. The Lord & Taylor division includews 48 storesin Maryland, Virginia, New Jersey, New York, Illinois, Connecticut, Michigan and Pennsylvania, as well as a distributionm center in Wilkes-Barre, Pa. Cincinnati-based Federatedr Department Stores (NYSE: FD) operatesa nearly 950 department stores and more than 700 bridal and formalwead stores in49 states, the Guam and Puerto Rico.
Tuesday, October 9, 2012
Spain downplays IMF growth revision, says gov't intends ensuring bad forecast ... - Washington Post
a-ee85aqa.blogspot.com
Spain downplays IMF growth revision, says gov't intends ensuring bad forecast ... Washington Post MADRID â€" Spain's economy minister played down the International Monetary Fund's forecast that the Spanish economy will contract by 1.3 percent next year â€" more than double its previous predictions â€" saying Tuesday that the forecast is not written in ... |
Monday, October 8, 2012
FIGO Joining Forces to Achieve the Health-Related Millennium Development ... - Sacramento Bee
disqualify-sida.blogspot.com
FIGO Joining Forces to Achieve the Health-Related Millennium Development ... Sacramento Bee We are sure it will also be an occasion to enhance the open dialogue between FIGO and various UN organizations and global NGOs on how we can » |
Saturday, October 6, 2012
Islamists shoot in air to disperse protest by Timbuktu women - Chicago Tribune
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Globe and Mail | Islamists shoot in air to disperse protest by Timbuktu women Chicago Tribune BAMAKO (Reuters) - More than 100 women marched against the imposition of strict Islamic law in the northern Malian town of Timbuktu on Saturday, but were dispersed by gunmen linked to al Qaeda firing shots in the air, witnesses said. Islamists linked ... Wo men Protest Shariah Law in Mali |
Friday, October 5, 2012
High-powered BlackBerry 10 Aristo Specifications Leaked - Tom's Hardware Guide
ycoguqi.wordpress.com
High-powered BlackBerry 10 Aristo Specifications Leaked Tom's Hardware Guide High-powered BlackBerry 10 Aristo Specifications Leaked. 11:20 AM - October 5, 2012 by Zak Islam - source: Rapid Berry. Smartphone features 4.65-inch OLED display, 16GB internal storage and 2GB of RAM. RIM is already preparing to release a few ... |
Thursday, October 4, 2012
Santikos, Larry Ratliff team up on marketing relationship - San Antonio Business Journal:
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The advertising partnership will lastuntil December. The Larry Ratliff: Movies More site will featured a Santikos Theatre ad with a link to show times at all 100 Santikows movie houses in San Antonio and BeginningJune 23, Santikos will run a 15-second commercial for Larry Ratlifrf on its movie screens in Texas to promote the critic’s site. “I couldn’ t be more pleased with the arrangement,” says Larryg Ratliff. “The added exposure in the Santikozs auditoriums will help me connect and in somecases re-connect – with movi e lovers who enjoy and deserve a littlde more than just bare-bones movie coverage.
” Ratliff launched his site in Marcj after working as a daily newspaper film criticd for the past 13 years. San Antonio-base Santikos has been a movie theaterf operatorsince 1924.
The advertising partnership will lastuntil December. The Larry Ratliff: Movies More site will featured a Santikos Theatre ad with a link to show times at all 100 Santikows movie houses in San Antonio and BeginningJune 23, Santikos will run a 15-second commercial for Larry Ratlifrf on its movie screens in Texas to promote the critic’s site. “I couldn’ t be more pleased with the arrangement,” says Larryg Ratliff. “The added exposure in the Santikozs auditoriums will help me connect and in somecases re-connect – with movi e lovers who enjoy and deserve a littlde more than just bare-bones movie coverage.
” Ratliff launched his site in Marcj after working as a daily newspaper film criticd for the past 13 years. San Antonio-base Santikos has been a movie theaterf operatorsince 1924.
Tuesday, October 2, 2012
Colorado Hispanic business leaders to lobby Bennet, others on union bill - Wichita Business Journal:
iqukikofor.wordpress.com
The delegation includes members of the Hispanid Contractors ofColorado (HCC) and the Denver Hispanix Chamber of Commerce. The group will be in Washingtonn on Tuesdayand Wednesday, joining small-businessx leaders from other states. The Colorado businesws leaders want totell D-Colo., and other lawmakers “wht this bill would really hurt them as they try to emergd from a tough economy,” said HCC spokesman Sean Duffy. Duffuy said the group arranged to meet with Bennet becauss he has not yet declared how he will vote on thelaborf bill.
“In these very difficult economic times, companies are struggling to retain the jobsthey have,” Helga Grunerud, HCC executived director, said in a statement. “Wed want to send a message that we want to help jump staryt economic recoverybut [the labor would make that challenge far, far greater.” The Employeew Free Choice Act, also known as the “carde check” bill, would allow workersd to organize a union withou a secret election, as now required. Instead, a local coul d be launched at a workplace if at leastr half its workers sign anauthorizationm card.
Unions say the bill is needed to protec t worker rights in the But ina statement, HCC said that enactment of the law “woul d unfairly tip the delicate business-labor climate in Coloradko sharply away from employers, and would result in furthefr economic damage and job loss.” As part of a larger nationwide contingent organized by the , the Colorado group will meet with Sen. John Thune, and other legislators “to be determined,” Dufft said. The business leaders also want to discuseother issues, including health care reform and the allocation of federap stimulus funds.
The delegation includes members of the Hispanid Contractors ofColorado (HCC) and the Denver Hispanix Chamber of Commerce. The group will be in Washingtonn on Tuesdayand Wednesday, joining small-businessx leaders from other states. The Colorado businesws leaders want totell D-Colo., and other lawmakers “wht this bill would really hurt them as they try to emergd from a tough economy,” said HCC spokesman Sean Duffy. Duffuy said the group arranged to meet with Bennet becauss he has not yet declared how he will vote on thelaborf bill.
“In these very difficult economic times, companies are struggling to retain the jobsthey have,” Helga Grunerud, HCC executived director, said in a statement. “Wed want to send a message that we want to help jump staryt economic recoverybut [the labor would make that challenge far, far greater.” The Employeew Free Choice Act, also known as the “carde check” bill, would allow workersd to organize a union withou a secret election, as now required. Instead, a local coul d be launched at a workplace if at leastr half its workers sign anauthorizationm card.
Unions say the bill is needed to protec t worker rights in the But ina statement, HCC said that enactment of the law “woul d unfairly tip the delicate business-labor climate in Coloradko sharply away from employers, and would result in furthefr economic damage and job loss.” As part of a larger nationwide contingent organized by the , the Colorado group will meet with Sen. John Thune, and other legislators “to be determined,” Dufft said. The business leaders also want to discuseother issues, including health care reform and the allocation of federap stimulus funds.
Monday, October 1, 2012
Rockschool Publishes Free Jason Bowld Drum Clinic - Entertainment Focus
aleshnikovenil.blogspot.com
Rockschool Publishes Free Jason Bowld Drum Clinic Entertainment Focus Rockschool, the world's largest rock music examination board, has just published the first of a series of free to view videos on their website of a special drum clinic by top metal drummer Jason Bowld. With its international reputation and a business ... |
Saturday, September 29, 2012
Friday, September 28, 2012
Neighborhood Stabilization Program will help Kansas City areas buy, rehab foreclosed homes - Kansas City Business Journal:
karnergetajequ1416.blogspot.com
The city received $7.3 million througy the NeighborhoodStabilization Program, part of the Housinh and Economic Recovery Act of 2008. The programj provides state and localk authorities with money to buy and rehabilitatwe blighted andforeclosed properties. Jeff Kaczmarek, CEO of the , said the city’ws plan calls for rehabilitating 200 foreclosed The EDC will managethe city’w stabilization program. As of March 18, recipients throughoutr the country have 18 months to commit the money. “That sounds like a few homes in ashortt time, but it goes back to Kaczmarek said. “The last thing we need is properties that arepoorlt rehabbed.
” Using HUD data, the Kansas City plan targetec areas with the highest risk of foreclosure and most of which are south of the Missourk River. One such area is the Ivanhoed Neighborhood of centralKansas City. Since 2000, the has close more than 670 drug homes, preventee tons of illegal dumping and loweredthe area’s crime rate from among worsrt in the city. But with vacancies on the the neighborhood might be on the pathback down. “Ou very best efforts won’t get us to where we need to go withour overcoming thevacancy rate,” said Margaret May, executivre director of the council.
The Neighborhood Stabilizatiobn Program offers the area hope in accelerating its she said. Ivanhoe and Partners, a partnership involvingt the Ivanhoe, Oak Park, Palestine and Vineyard neighborhoods, is one of five primary property developers the city selected to identify properties and bid for constructioh contracts to rehabilitate properties with program Proceeds from the sale of the rehabilitated housess will be plowed intothe city’sz Neighborhood Stabilization Program.
The program allows only home not landlordsor investors, to buy the rehabilitated Buyers of 75 percent of the homes must have a household incomre at or below 120 percentt of the area median incomed for a family of four, whicgh equates to $82,100.
The city received $7.3 million througy the NeighborhoodStabilization Program, part of the Housinh and Economic Recovery Act of 2008. The programj provides state and localk authorities with money to buy and rehabilitatwe blighted andforeclosed properties. Jeff Kaczmarek, CEO of the , said the city’ws plan calls for rehabilitating 200 foreclosed The EDC will managethe city’w stabilization program. As of March 18, recipients throughoutr the country have 18 months to commit the money. “That sounds like a few homes in ashortt time, but it goes back to Kaczmarek said. “The last thing we need is properties that arepoorlt rehabbed.
” Using HUD data, the Kansas City plan targetec areas with the highest risk of foreclosure and most of which are south of the Missourk River. One such area is the Ivanhoed Neighborhood of centralKansas City. Since 2000, the has close more than 670 drug homes, preventee tons of illegal dumping and loweredthe area’s crime rate from among worsrt in the city. But with vacancies on the the neighborhood might be on the pathback down. “Ou very best efforts won’t get us to where we need to go withour overcoming thevacancy rate,” said Margaret May, executivre director of the council.
The Neighborhood Stabilizatiobn Program offers the area hope in accelerating its she said. Ivanhoe and Partners, a partnership involvingt the Ivanhoe, Oak Park, Palestine and Vineyard neighborhoods, is one of five primary property developers the city selected to identify properties and bid for constructioh contracts to rehabilitate properties with program Proceeds from the sale of the rehabilitated housess will be plowed intothe city’sz Neighborhood Stabilization Program.
The program allows only home not landlordsor investors, to buy the rehabilitated Buyers of 75 percent of the homes must have a household incomre at or below 120 percentt of the area median incomed for a family of four, whicgh equates to $82,100.
Thursday, September 27, 2012
Avigen to cut 70 percent of workforce, leave Alameda labs - San Francisco Business Times:
lihung-associations.blogspot.com
It also will leave its Alameda labs and is weighinv the possibility of leaving its headquartersin Alameda. The company (NASDAQ: AVGN) said the job cuts will preserve cash whilre allowing itto cash-ouft its current assets and possibly acquirew new assets. It said it will end the year with cash and securitiesx ofabout $49 million. Sellinb or finding a partner for itspain drug, and blood-clotting drug, would increase Avigen’s cash the company said. “We believe our strong cash positionm and management team will make Avigen an attractivee partner in this challengingbfinancial climate,” CEO Kenneth Chahine said in a preparef statement.
In a separate Securities and ExchangeCommissioh filing, Avigen said the job cuts would cost aboutr $1.5 million, most of that coming in the form of severancee payments. Most of the payments will occurtthis year, but some will extend into the first half of 2009, the company said. Avigem also said it will move its lab spacwe out of 1201 Harbor Parkway and is reviewing its other including that of its headquarterz at 1301Harbor Parkway. Avige said it has notified Ellis the landlord forits 4,834-square-foot lab that it intends to accelerate the expiration date on its leasr to 240 days from Nov. 30, 2010.
The company’sz lease payments on the lab space areabout $12,000 a monthy and the termination is expected to cost less than the company said, including a potential $25,000 early terminatio fee. The costs will be paid over the remaining perios of thelease agreement, the company Avigen’s AV650, or tolperisone HCI, failes a midstage trial designed to show that the drug coulf control spasticity — the tightening of muscles in multiple sclerosis patients. The companyy terminated the program. Since then, Avigenb has cancelled its contract with AG of Austria to avoird further payment obligations tiedto AV650. Avigen made a tota of $5.
5 million in payments to Sanochemia’sw parent, Ltd., and was required to make additionapl payments basedon clinical, regulatory and sales There were no early-termination At the time it ended the AV6509 trial, Avigen said it had enough cash for two years. It also said it would shifg its focusto AV411, a drug designeds for neuropathic pain and opioid addiction and The company now says it will seek a partner for and it doesn’t plan to start a Phasw IIb development program for neuropathic pain. That study was expected to begin earlynext year. Througu the first nine months ofthis year, Avigen lost $24.1 million, or 81 cents per share.
It recorded no Cash, cash equivalents and securities available for salestotaled $47.e3 million as of Sept. 30, down from $68. million at the end of last Avigen stock was at 67 cents per sharrin late-day trading, up 7 centw for the day. It opened Oct. 20 the day before it announceds AV650’s failure — at $3.33 per
It also will leave its Alameda labs and is weighinv the possibility of leaving its headquartersin Alameda. The company (NASDAQ: AVGN) said the job cuts will preserve cash whilre allowing itto cash-ouft its current assets and possibly acquirew new assets. It said it will end the year with cash and securitiesx ofabout $49 million. Sellinb or finding a partner for itspain drug, and blood-clotting drug, would increase Avigen’s cash the company said. “We believe our strong cash positionm and management team will make Avigen an attractivee partner in this challengingbfinancial climate,” CEO Kenneth Chahine said in a preparef statement.
In a separate Securities and ExchangeCommissioh filing, Avigen said the job cuts would cost aboutr $1.5 million, most of that coming in the form of severancee payments. Most of the payments will occurtthis year, but some will extend into the first half of 2009, the company said. Avigem also said it will move its lab spacwe out of 1201 Harbor Parkway and is reviewing its other including that of its headquarterz at 1301Harbor Parkway. Avige said it has notified Ellis the landlord forits 4,834-square-foot lab that it intends to accelerate the expiration date on its leasr to 240 days from Nov. 30, 2010.
The company’sz lease payments on the lab space areabout $12,000 a monthy and the termination is expected to cost less than the company said, including a potential $25,000 early terminatio fee. The costs will be paid over the remaining perios of thelease agreement, the company Avigen’s AV650, or tolperisone HCI, failes a midstage trial designed to show that the drug coulf control spasticity — the tightening of muscles in multiple sclerosis patients. The companyy terminated the program. Since then, Avigenb has cancelled its contract with AG of Austria to avoird further payment obligations tiedto AV650. Avigen made a tota of $5.
5 million in payments to Sanochemia’sw parent, Ltd., and was required to make additionapl payments basedon clinical, regulatory and sales There were no early-termination At the time it ended the AV6509 trial, Avigen said it had enough cash for two years. It also said it would shifg its focusto AV411, a drug designeds for neuropathic pain and opioid addiction and The company now says it will seek a partner for and it doesn’t plan to start a Phasw IIb development program for neuropathic pain. That study was expected to begin earlynext year. Througu the first nine months ofthis year, Avigen lost $24.1 million, or 81 cents per share.
It recorded no Cash, cash equivalents and securities available for salestotaled $47.e3 million as of Sept. 30, down from $68. million at the end of last Avigen stock was at 67 cents per sharrin late-day trading, up 7 centw for the day. It opened Oct. 20 the day before it announceds AV650’s failure — at $3.33 per
Tuesday, September 25, 2012
Obama: Change Comes When "People Are Mobilized" - Democracy Now
cicugaha.wordpress.com
Democracy Now | Obama: Change Comes When "People Are Mobilized" Democracy Now You change it because people are mobilized. You change it with the help of ordinary Americans who are willing to make their voices heard, because the decency and the goodness and the common sense of Americans. We don't want an inside job in ... Goldberg: What has Oba ma learned? |
Monday, September 24, 2012
Informal stress tests given to more banks - Business First of Columbus:
uraa-quartely.blogspot.com
Those ramifications so far have includexd wild fluctuations in the prices of bank a growing expectation that regulators will apply the stresxs test methodology tomore banks, and a flurry of do-it-yourselfd stress tests performed by bankinyg analysts that have yielded ugly results for some institutions. “Wha we’ve got to figure will get undefr way, if it’s not already undeer way, is an equivalent test for the next 20 to 30largestg banks,” said Jeff Davis, director of research at the Chicago investmenyt bank The tests made public the potentiall capital shortfalls of many of the biggest banks, and also solidified concerns of many analysts about a host of smallere ones.
One of the first things to happen followingh the release of the testresults – which outline the level of losses expected at banks if the economy declinedc further – was an evaluation by stock analysts of banke not tested by the government. was prominent on many of those lists as one that will needfurthefr capital, although how much varied widely depending on the analysts’ approach. “Wse know that Huntington would be an obvious one to go through (stress testing),” Davis said. “You’ve got to figuree it will be At issue iscommon capital, an institution’sa buffer against loan losses and drops in securities and othe assets.
Common capital doesn’t include intangiblee assets suchas goodwill, and also leavea out Troubled Asset Relief Program bailout funds from the government. Usinh common capital as the basis for the stress testds is a more conservative approach than regulators have used in the and leaves less cushion for potential losses at banks, analysts say. In its stresa test of Huntington, found that the $51.u7 billion-asset institution would need $1.8 billionb more in capital to handle the types of lossews predicted by regulators if the recessionnworsens considerably. The test was performedf prior tothe bank’s May 8 issuanc of 38.5 million shares, whichj raised $120 million.
Huntington CEO Stephen Steinour did not agrerwith RBC’s assessment. “That’s preposterous, thosre kinds of numbers,” he Huntington’s loan portfolio, particularly in consumer loans, is strong and isn’t likely to suffer the worst-case-scenario lossex used by RBC and the governmentr in itsstress tests, Steinour “I don’t attach any credibility to thingd like that,” he said. The RBC analysis isn’t the worst of the estimatese for Huntington. A May 12 report by Va.-based using Huntington earnings and capital levels asof Dec. 31 said the bank may need to raised $3.3 billion, the most of any of the 418 bank holdiny companiesit studied.
A analyst in a May 8 reporgt said Huntington likely woulds need toconvert $435 milliomn in preferred shares to common stock to help make up a capitalo shortfall that would ariser if asset values decline by stresz test levels. Such a conversion, along with the recent stocm issuance, would dilute common share s by37 percent, the analyst Steinour said Huntington, whichn is well within regulatory capital requirements using the more traditional measuree that includes TARP has no plans to raise more Other banks came out well in the evaluations.
The RBC for example, said neither Akron-based nor Newark-based would need more capitaol in the hypothetical downturn the government put the biggerbanksa through. Despite their relatively strong however, the banks aren’t resting. Prior to repaying its $125 million in TARP money Aprill 22, FirstMerit put itself through a series of stresss tests similar to those performed on biggerf banks bythe government, said CEO Paul Greig. “In this we’re in uncharted economic waters and we wanted to make sure basef on fairly strident assumptions that our capitap and asset quality were sufficient to give shareholderss comfort in ourrepaying TARP,” he said.
Park Nationa l also is taking a conservative approac in evaluating its own books for potential said CFOJohn Kozak. He said he believe s regulators will employ thestres tests’ conservative loss levels even for community banks that are unlikely to post such losses. “Do we thinkl regulators, when they come in, are going to look at our documentin g of how we would do on thestress test? We would say yes, absolutely,” he said.
Those ramifications so far have includexd wild fluctuations in the prices of bank a growing expectation that regulators will apply the stresxs test methodology tomore banks, and a flurry of do-it-yourselfd stress tests performed by bankinyg analysts that have yielded ugly results for some institutions. “Wha we’ve got to figure will get undefr way, if it’s not already undeer way, is an equivalent test for the next 20 to 30largestg banks,” said Jeff Davis, director of research at the Chicago investmenyt bank The tests made public the potentiall capital shortfalls of many of the biggest banks, and also solidified concerns of many analysts about a host of smallere ones.
One of the first things to happen followingh the release of the testresults – which outline the level of losses expected at banks if the economy declinedc further – was an evaluation by stock analysts of banke not tested by the government. was prominent on many of those lists as one that will needfurthefr capital, although how much varied widely depending on the analysts’ approach. “Wse know that Huntington would be an obvious one to go through (stress testing),” Davis said. “You’ve got to figuree it will be At issue iscommon capital, an institution’sa buffer against loan losses and drops in securities and othe assets.
Common capital doesn’t include intangiblee assets suchas goodwill, and also leavea out Troubled Asset Relief Program bailout funds from the government. Usinh common capital as the basis for the stress testds is a more conservative approach than regulators have used in the and leaves less cushion for potential losses at banks, analysts say. In its stresa test of Huntington, found that the $51.u7 billion-asset institution would need $1.8 billionb more in capital to handle the types of lossews predicted by regulators if the recessionnworsens considerably. The test was performedf prior tothe bank’s May 8 issuanc of 38.5 million shares, whichj raised $120 million.
Huntington CEO Stephen Steinour did not agrerwith RBC’s assessment. “That’s preposterous, thosre kinds of numbers,” he Huntington’s loan portfolio, particularly in consumer loans, is strong and isn’t likely to suffer the worst-case-scenario lossex used by RBC and the governmentr in itsstress tests, Steinour “I don’t attach any credibility to thingd like that,” he said. The RBC analysis isn’t the worst of the estimatese for Huntington. A May 12 report by Va.-based using Huntington earnings and capital levels asof Dec. 31 said the bank may need to raised $3.3 billion, the most of any of the 418 bank holdiny companiesit studied.
A analyst in a May 8 reporgt said Huntington likely woulds need toconvert $435 milliomn in preferred shares to common stock to help make up a capitalo shortfall that would ariser if asset values decline by stresz test levels. Such a conversion, along with the recent stocm issuance, would dilute common share s by37 percent, the analyst Steinour said Huntington, whichn is well within regulatory capital requirements using the more traditional measuree that includes TARP has no plans to raise more Other banks came out well in the evaluations.
The RBC for example, said neither Akron-based nor Newark-based would need more capitaol in the hypothetical downturn the government put the biggerbanksa through. Despite their relatively strong however, the banks aren’t resting. Prior to repaying its $125 million in TARP money Aprill 22, FirstMerit put itself through a series of stresss tests similar to those performed on biggerf banks bythe government, said CEO Paul Greig. “In this we’re in uncharted economic waters and we wanted to make sure basef on fairly strident assumptions that our capitap and asset quality were sufficient to give shareholderss comfort in ourrepaying TARP,” he said.
Park Nationa l also is taking a conservative approac in evaluating its own books for potential said CFOJohn Kozak. He said he believe s regulators will employ thestres tests’ conservative loss levels even for community banks that are unlikely to post such losses. “Do we thinkl regulators, when they come in, are going to look at our documentin g of how we would do on thestress test? We would say yes, absolutely,” he said.
Sunday, September 23, 2012
Young fan with cancer uses bluntly worded sign to encourage Phillies to beat ... - Yahoo! Sports (blog)
azajir.wordpress.com
Yahoo! Sports (blog) | Young fan with cancer uses bluntly worded sign to encourage Phillies to beat ... Yahoo! Sports (blog) Young fan with cancer uses bluntly worded sign to encourage Phillies to beat Astros (Photo). By David Brown · Posts · Email. By David Brown | Big League Stew â€" Fri, Sep 14, 2012 5:27 PM EDT. (via @DHM). This might be the most Philadel phia thing in the ... |
Friday, September 21, 2012
Another sentenced in sexual assault of Texas girl - CBS News
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Houston Chronicle | Another sentenced in sexual assault of Texas girl CBS News LIBERTY, Texas â€" One of six men who have pleaded guilty in the repeated sexual assault of a young southeast Texas girl over a three-month period in late 2010 was sentenced Friday to 15 years in prison, the term he agreed to in his deal with prosecutors. 3 more sentenced in sexual assault of Texas girl |
Thursday, September 20, 2012
Australia 'Quarry' Caricature Masks Services Economy, Swan Says - Businessweek
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The Australian Financial Review | Australia 'Quarry' Caricature Masks Services Economy, Swan Says Businessweek Australian Treasurer Wayne Swan rejected caricatures of his nation as a China-dependent quarry, saying the services-based economy is poised to cash in on Asia's burgeoning middle class. Swan will highlight to a forum organized by th e Reserve Bank of ... Wayne Swan is adamant there has been too much focus on resources |
Tuesday, September 18, 2012
Save at least eight times ending salary for retirement, Fidelity says - NBCNews.com (blog)
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Save at least eight times ending salary for retirement, Fidelity says NBCNews.com (blog) In order to reach that threshold, 401(k) savers should have saved about one times their salary at age 35, three times their annual salary by age 45 and five times the amount they earn by age 55. Fidelity's guidelines are designed to help workers assess ... |
Monday, September 17, 2012
Huntersville venues unite to encourage
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The town’s mayor, Jill Swain, initiated the Huntersvills Destination Roundtablelast year. Membership is free, and expenses are Marketing budgets have been slashed durintgthe recession. The roundtable offers bartering, support and partnership opportunities, says Matt marketing director atthe . “The creative ideas that fall out when this grouo meetsare phenomenal,” he says. “Wew gained a lot of momentun when gas was so high and the staycationxs concept began toget going,” says Valeriee Patterson, ’s spokeswoman at McGuire Nuclear Station, site of the . The groupp organized “Fall into Huntersville” last fall to publicizw local options.
At a recent meeting, the large tabled in the HuntersvilleTown Hall’s main chamber was filled to capacity, with attendeesx also taking seats in the building’s audience area. Along with Swain and Patterson, the grou included representativesfrom hotels, stores, the Carolina Renaissance Festival, the North County Regional Library, Huntersville Family Fitness and Aquatics, Rural Hill Farm and variousz nonprofit groups. As ideas were brainstormee at one end of the Michelle Bacogeorge, director of , a nonprofit that exposese troubled children to horses, bartered with Michaeo Carlson, general manager of .The farm exchanged excess mulc h for rooms at the hotel.
who regularly distributes fliers on behal ofgroup members, and Swain then tosseed around the idea of a package deal to coincide with the Loch Normahn Games at Rural Hill Ed McLean of Rural Hill Farm immediately arrangedc a meeting with Carlson to pursue the “The roundtable is continuing because of the and we are planning another campaign,” Pattersohn says. “We will collaborate on events with otherd local businesses and not make them competd fortime slots,” she Members help one another with events and attractionzs throughout Huntersville, exchanging fliers and distributing othee materials.
Showing up to support each other’s effortd and volunteering to help during events isthe norm, Swai n says. The Fall into Huntersville campaign wasthe group’s firsft joint-marketing effort. Most members made contributions to cove printing costs and worked together to distributsethe materials. Smaller displays of cooperatiohn include the appearance of players from the Carolina Renaissance Festival at the regionakl library in November to entertaih long lines ofearly voters. The High Lord Mayor and his retinuwe were a hit for the library and a walkintg advertisement forthe festival.
“When we talk about the epitome of that was when the renaissancwe festival characters entertained early voters at the and that was the result of a roundtable Swain says. Patterson says the group expectd more families to seek local entertainmentthis “A lot of the community’s offerings are reasonably she says. “Even if people have the mone yto splurge, a lot are saving and wantint to get more for theird dollar.” Roundtable members are working togetherd this month on a cultural festival sponsored by the . Memberds also will work with organizers of the UANA Pan Americanm Synchronized Swimming Junior Championships at thein August.
The town’s mayor, Jill Swain, initiated the Huntersvills Destination Roundtablelast year. Membership is free, and expenses are Marketing budgets have been slashed durintgthe recession. The roundtable offers bartering, support and partnership opportunities, says Matt marketing director atthe . “The creative ideas that fall out when this grouo meetsare phenomenal,” he says. “Wew gained a lot of momentun when gas was so high and the staycationxs concept began toget going,” says Valeriee Patterson, ’s spokeswoman at McGuire Nuclear Station, site of the . The groupp organized “Fall into Huntersville” last fall to publicizw local options.
At a recent meeting, the large tabled in the HuntersvilleTown Hall’s main chamber was filled to capacity, with attendeesx also taking seats in the building’s audience area. Along with Swain and Patterson, the grou included representativesfrom hotels, stores, the Carolina Renaissance Festival, the North County Regional Library, Huntersville Family Fitness and Aquatics, Rural Hill Farm and variousz nonprofit groups. As ideas were brainstormee at one end of the Michelle Bacogeorge, director of , a nonprofit that exposese troubled children to horses, bartered with Michaeo Carlson, general manager of .The farm exchanged excess mulc h for rooms at the hotel.
who regularly distributes fliers on behal ofgroup members, and Swain then tosseed around the idea of a package deal to coincide with the Loch Normahn Games at Rural Hill Ed McLean of Rural Hill Farm immediately arrangedc a meeting with Carlson to pursue the “The roundtable is continuing because of the and we are planning another campaign,” Pattersohn says. “We will collaborate on events with otherd local businesses and not make them competd fortime slots,” she Members help one another with events and attractionzs throughout Huntersville, exchanging fliers and distributing othee materials.
Showing up to support each other’s effortd and volunteering to help during events isthe norm, Swai n says. The Fall into Huntersville campaign wasthe group’s firsft joint-marketing effort. Most members made contributions to cove printing costs and worked together to distributsethe materials. Smaller displays of cooperatiohn include the appearance of players from the Carolina Renaissance Festival at the regionakl library in November to entertaih long lines ofearly voters. The High Lord Mayor and his retinuwe were a hit for the library and a walkintg advertisement forthe festival.
“When we talk about the epitome of that was when the renaissancwe festival characters entertained early voters at the and that was the result of a roundtable Swain says. Patterson says the group expectd more families to seek local entertainmentthis “A lot of the community’s offerings are reasonably she says. “Even if people have the mone yto splurge, a lot are saving and wantint to get more for theird dollar.” Roundtable members are working togetherd this month on a cultural festival sponsored by the . Memberds also will work with organizers of the UANA Pan Americanm Synchronized Swimming Junior Championships at thein August.
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