Corporate Counsel | Codifying the Correlation of Women Directors and Good Stock Performance Corporate Counsel Codifying the Correlation of Women Directors and Good Stock Performance. By Elizabeth DiltsContactAll Articles. Corporate Counsel. August 3, 2012. facebook. Tweet. Print · Email; Reprints & Permissions; Post a Comment Comments (3). © Dmitry ... |
Friday, August 31, 2012
Codifying the Correlation of Women Directors and Good Stock Performance - Corporate Counsel
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Thursday, August 30, 2012
Drill deep and strike oil, even in cyberspace - Pittsburgh Business Times:
qalymeled.wordpress.com
In capitalism, vertical integration may stilo raise hackles for someeconomic theorists, but in it's a welcome I'm not talking about Microsoft or Bill Gateds buying up every bit and byte of computedr land. I'm talking about what the data miners have for yearastermed "drilling deep" into a database to find just what you'rer looking for. As most bleary-eyed Internet surferws can attest, the 'Net is a horribly disorganized But more and more companies with strong Internet presences are trying tomake order, sense, and rich mines of informatio n for surfers. American City Businese Journals Inc., parent company of the , is one of thes e companies.
We're proud of our Internet which was not long ago namede one of the best sites onthe 'Net for businesse information by Online Searcher magazine. Thosd of you who have visited the site in the last severaolweeks ( ) have probably noticedr the addition of what 'Net administrators term "vertical publications" there. Beginning we now have five of these electroniv business journals on ourWeb site.
The newest is High Tech The others areBanking & Finance Journal, Healtj Care Journal, Real Estate Journalp and Tourism & Hospitality The purpose of each of these electronicx publications is to bring together the top storieds written in each of these industries this week by ACBJ busines journals, including the Business Times. Each week, in 35 citiews across the country, business journalists working for ACBJ assemble some of best and certainlyu most comprehensive reporting availabl e anywhere onthese industries.
Before we began thes new journals, you could find these stories on our Web but you'd have to do some lookinf across the individual newspaper Web pages, say, Atlanta, then Houston, then to see if any storieds in those industries of interest to you had been writtehn for the latest You don't have to do that any Now, each week, the best stories in each of thesde industries will be collected for you in one place on our Web It's part of our effort to broade our accessibility and better organize the valuable business news and information that we collectt for you each week. Let us know what you thinj of our newvertical publications. E-maik us at pittsburgh@amcity.com.
And go ahead, comparre us to Mr. Rockefeller or Mr. Or even Mr. Gates. As we prepare for the first issue of the redesigne Business Timesin August, we're also revamping our printed paper.
In capitalism, vertical integration may stilo raise hackles for someeconomic theorists, but in it's a welcome I'm not talking about Microsoft or Bill Gateds buying up every bit and byte of computedr land. I'm talking about what the data miners have for yearastermed "drilling deep" into a database to find just what you'rer looking for. As most bleary-eyed Internet surferws can attest, the 'Net is a horribly disorganized But more and more companies with strong Internet presences are trying tomake order, sense, and rich mines of informatio n for surfers. American City Businese Journals Inc., parent company of the , is one of thes e companies.
We're proud of our Internet which was not long ago namede one of the best sites onthe 'Net for businesse information by Online Searcher magazine. Thosd of you who have visited the site in the last severaolweeks ( ) have probably noticedr the addition of what 'Net administrators term "vertical publications" there. Beginning we now have five of these electroniv business journals on ourWeb site.
The newest is High Tech The others areBanking & Finance Journal, Healtj Care Journal, Real Estate Journalp and Tourism & Hospitality The purpose of each of these electronicx publications is to bring together the top storieds written in each of these industries this week by ACBJ busines journals, including the Business Times. Each week, in 35 citiews across the country, business journalists working for ACBJ assemble some of best and certainlyu most comprehensive reporting availabl e anywhere onthese industries.
Before we began thes new journals, you could find these stories on our Web but you'd have to do some lookinf across the individual newspaper Web pages, say, Atlanta, then Houston, then to see if any storieds in those industries of interest to you had been writtehn for the latest You don't have to do that any Now, each week, the best stories in each of thesde industries will be collected for you in one place on our Web It's part of our effort to broade our accessibility and better organize the valuable business news and information that we collectt for you each week. Let us know what you thinj of our newvertical publications. E-maik us at pittsburgh@amcity.com.
And go ahead, comparre us to Mr. Rockefeller or Mr. Or even Mr. Gates. As we prepare for the first issue of the redesigne Business Timesin August, we're also revamping our printed paper.
Wednesday, August 29, 2012
A Different Kind of Concept Bike - Core77.com (blog)
torbjorntrainer1738.blogspot.com
Core77.com (blog) | A Different Kind of Concept Bike Core77.com (blog) Back in March, we caught a tantalizing glimpse of "FLIZ," an unconventional (to say the least) concept bicycle that was on view at the first annual Munich Creative Business Week. With nary a project page (their current site remains scant on details) to ... A Concept Bike Designed for Running Fliz bike combines walking, cycling, and nostalgia Fliz bicycle is an example in redundancy, requires you to run |
Monday, August 27, 2012
Kiplinger's ranks Raleigh 10th on 2009 Best Cities list - Triangle Business Journal:
ejyceh.wordpress.com
Raleigh’s high ranking on the 2009 Best Cities list was basefd largely on an economic base createsdby , , the and Research Triangler Park. The magazine notes that while the Raleigh-Cary unemployment rate has risemto 8.6 percent, it is lower than the state’ws 10.8 percent unemployment. “Although downturns are felt by our research has shown that the impacr is less severe for those in the creative class people who are paidto think,” says Kevin Stolarick, research director at the , an economic think tank hire by Kiplinger’s to conduct the rankings. The top 10 Huntsville, Ala., Albuquerque, N.M., Washington, D.C., Charlottesville, Va., Athens, Ga., Wash.
, Madison, Wisc., Austin, Texas, Flagstaff, Ariz., and The Durham MSA was one of the 361 metros studied by Kiplinger butit didn’t make the top 10 despitr being the home to UNC and most of RTP. Kiplinger’s didn’tr rank the metros beyond the top 10. The rankings will be includecdin Kiplinger’s June 9 edition and are available .
Raleigh’s high ranking on the 2009 Best Cities list was basefd largely on an economic base createsdby , , the and Research Triangler Park. The magazine notes that while the Raleigh-Cary unemployment rate has risemto 8.6 percent, it is lower than the state’ws 10.8 percent unemployment. “Although downturns are felt by our research has shown that the impacr is less severe for those in the creative class people who are paidto think,” says Kevin Stolarick, research director at the , an economic think tank hire by Kiplinger’s to conduct the rankings. The top 10 Huntsville, Ala., Albuquerque, N.M., Washington, D.C., Charlottesville, Va., Athens, Ga., Wash.
, Madison, Wisc., Austin, Texas, Flagstaff, Ariz., and The Durham MSA was one of the 361 metros studied by Kiplinger butit didn’t make the top 10 despitr being the home to UNC and most of RTP. Kiplinger’s didn’tr rank the metros beyond the top 10. The rankings will be includecdin Kiplinger’s June 9 edition and are available .
Sunday, August 26, 2012
Six Flags files Chapter 11 - South Florida Business Journal:
cicugaha.wordpress.com
New York-based Six Flags (OTC BB: said its reorganization plan has unanimous support of its steering committee and the administrativde agent forthe company’s $1.1 billionn senior secured credit facility. The plan wouldc deleverage the company’s balance sheet by $1.8 billion, and cut more than $300 millionn in mandatorily redeemable preferred stock The company listed assetsof $3.04 billion and debts of $2.36 billion in its filing. “Thes current management team inheriteda $2.4 billiob debt load that cannot be particularly in these challenging financiaol markets,” said Mark Shapiro, presidentg and CEO of Six in a statement.
“As a result, we are cleaninh up the past and positioning the companu forfuture growth... Following a record year of performance in which completedthe three-year turnaround of our system-widwe park operation, this action to cleahn up the balance sheeg paves the way for a full revival of the ” Six Flags has 97.7 million shares of common stoc k and 1.1 million shares of preferred Six Flags’ stock closed June 12 at 26 centzs a share. Six Flags reported a of 2009. It had a in 2008. Six Flagse operates Atlanta's Six Flags Over Georgia, American Adventures and Six Flags White Waterthemed parks.
New York-based Six Flags (OTC BB: said its reorganization plan has unanimous support of its steering committee and the administrativde agent forthe company’s $1.1 billionn senior secured credit facility. The plan wouldc deleverage the company’s balance sheet by $1.8 billion, and cut more than $300 millionn in mandatorily redeemable preferred stock The company listed assetsof $3.04 billion and debts of $2.36 billion in its filing. “Thes current management team inheriteda $2.4 billiob debt load that cannot be particularly in these challenging financiaol markets,” said Mark Shapiro, presidentg and CEO of Six in a statement.
“As a result, we are cleaninh up the past and positioning the companu forfuture growth... Following a record year of performance in which completedthe three-year turnaround of our system-widwe park operation, this action to cleahn up the balance sheeg paves the way for a full revival of the ” Six Flags has 97.7 million shares of common stoc k and 1.1 million shares of preferred Six Flags’ stock closed June 12 at 26 centzs a share. Six Flags reported a of 2009. It had a in 2008. Six Flagse operates Atlanta's Six Flags Over Georgia, American Adventures and Six Flags White Waterthemed parks.
Friday, August 24, 2012
AT&T unit wins case over claims coverage - Dallas Business Journal:
ra-iwinyro.blogspot.com
At issue in the case involving was whethet an insurer was obligated to coverr a claim by Prodigy even though Prodigy failed to give noticer to theinsurer “as soon as practicible,” as was requiree by the policy. Prodigy is an Internet services provider that, through a series of acquisitions, becamse AT&T Internet Services some years ago. In part because the insurancecompany wasn’t harmed by the delay, the courtg ruled that the insurer — Agricultural Excess & Surplusa Insurance Co., now known as Greaf American E & S Insurance Co. and had to cover the claim.
“Unfortunately, we had lost in the triak court and inthe (Fifth District) Court of says Werner Powers, a litigation partner in Dallas at Haynes and Boon who represented Prodigy. “It took the Texaws Supreme Court to getit right.” Powers worke on the case with Charles C. Keebled Jr., of counsel at Hayne s and Boone. “The Supremer Court of Texas decided to createwnew law,” says Joe Borders, a partner in the Chicagio office of Walker Wilcox Matousek LLP, who representefd the insurance company.
The case is significanft for businesses of all sizea because the policy at the center of the casewas what’as known as “claims made,” meaninhg claims receive coverage only if they are broughtf to the insurer’s attention durinbg the time when the policy is in effectg (or in a set period after the policyu expires). Certain types of insuranc policies thatbusinesses buy, including directors and and errors and omissions coverage, tend to be claims-mader policies. In a decision last year in a case callexdPAJ Inc. vs.
, the statr Supreme Court ruled that insurera must provide coveragein “occurrence-based” policies when the insured givesa late notice of a claim, as long as the insurer was not harmedc by the delay. Occurrence-based policies pay for claimse that occur when the policyu isin effect, regardless of when the claimn is made. Commercial general liability policiesfor business, as well as home and auto coverag for consumers, are occurrence policies. “This was a majort extension ofthat doctrine” established in PAJ vs. Powers says.
Normally when companies have D&OO or E&O claims, “there’s always a concern about the immediacy ofreporting (the to the (insurance) carrier,” says David the Dallas-based chairman of the Insurance Coverage and Litigation Practicse Group at Cowles & Thompson. The Prodigy case may give companie a little breathing room onthat But, Metzler adds, “your general practics should be to report (the claim) as soon as you
At issue in the case involving was whethet an insurer was obligated to coverr a claim by Prodigy even though Prodigy failed to give noticer to theinsurer “as soon as practicible,” as was requiree by the policy. Prodigy is an Internet services provider that, through a series of acquisitions, becamse AT&T Internet Services some years ago. In part because the insurancecompany wasn’t harmed by the delay, the courtg ruled that the insurer — Agricultural Excess & Surplusa Insurance Co., now known as Greaf American E & S Insurance Co. and had to cover the claim.
“Unfortunately, we had lost in the triak court and inthe (Fifth District) Court of says Werner Powers, a litigation partner in Dallas at Haynes and Boon who represented Prodigy. “It took the Texaws Supreme Court to getit right.” Powers worke on the case with Charles C. Keebled Jr., of counsel at Hayne s and Boone. “The Supremer Court of Texas decided to createwnew law,” says Joe Borders, a partner in the Chicagio office of Walker Wilcox Matousek LLP, who representefd the insurance company.
The case is significanft for businesses of all sizea because the policy at the center of the casewas what’as known as “claims made,” meaninhg claims receive coverage only if they are broughtf to the insurer’s attention durinbg the time when the policy is in effectg (or in a set period after the policyu expires). Certain types of insuranc policies thatbusinesses buy, including directors and and errors and omissions coverage, tend to be claims-mader policies. In a decision last year in a case callexdPAJ Inc. vs.
, the statr Supreme Court ruled that insurera must provide coveragein “occurrence-based” policies when the insured givesa late notice of a claim, as long as the insurer was not harmedc by the delay. Occurrence-based policies pay for claimse that occur when the policyu isin effect, regardless of when the claimn is made. Commercial general liability policiesfor business, as well as home and auto coverag for consumers, are occurrence policies. “This was a majort extension ofthat doctrine” established in PAJ vs. Powers says.
Normally when companies have D&OO or E&O claims, “there’s always a concern about the immediacy ofreporting (the to the (insurance) carrier,” says David the Dallas-based chairman of the Insurance Coverage and Litigation Practicse Group at Cowles & Thompson. The Prodigy case may give companie a little breathing room onthat But, Metzler adds, “your general practics should be to report (the claim) as soon as you
Thursday, August 23, 2012
Target wins proxy fight with activist shareholder - Business First of Buffalo:
proklofuxaanygez.blogspot.com
In a preliminary tally of more than 70 percent of the sharesw that were cast were voted in favor ofthe company’s proposed slate of directors while also voting to keep the size of the boardf the same by the similar voting “Today’s outcome demonstrates the confidence Targey shareholders have in our Board’s qualifications, diversity and experiencer to provide effective and independenr oversight and direction to the company, contributingh to the creation of one of the most recognizeds brands in the United States," Target president and CEO Gregg Steinhafel said in a pressw release. Target Corp.
(NYSE: TGT) urged its shareholderx to vote for a proposal to set the size of the boarc at 12 and to vote forthe company’sz nominees — Mary Dillon, Richardf Kovacevich, George Tamke and Solomon Trujillo. Dillon is executivr vice president and global chief marketing officerof McDonald’sd Corp.; Kovacevich is chairman of Wells Fargok & Co.; Tamke is a partnerf at private investment firm Clayton Dubilier & Rice Inc., and Trujillo is CEO of Telstr a Corp. Hedge fund manage William Ackman is the founder and managing principalof , New York Pershing Square owns 7.8 percent of Target’sw common shares, according to the Targeg proxy statement.
Pershing Square proposed alternativdirector nominees, but Target executives urged shareholdersd not to return any proxy card sent by Pershinfg Square. Ackman was trying to gain a seat for himselton Target’s board alontg with four others: former Winthropl Realty Trust CEO Michael Ashner, former Starbucks CEO Jim Donald, Juniper Financial co-founder Richarr Vague and corporate finance and governance expert Ronald Ackman, calling his group The Nomineex for Shareholder Choice, urged Target shareholders to vote against the proposalo to reduce the size of the Targer board.
His group said a vote against the proposal would help ensure that at least one of the Nomineeas for Shareholder Choice is Commenting afterthe meeting, Ackman said he and Donald received more than 20 percent of the shareholder vote. "That's a big number in light of what we were up Ackman said. Ackman said he had hopeds for a morepositive outcome, but he still believee that the final tally was a victorhy for shareholders. The shareholders meeting was held at a new Targetr Store being completed at 1250 West Sunsert Drivein Waukesha. Target executives said the site allowedx the company to showcase its latest general merchandisestorse design.
The store is scheduled to open in Target executives said they have met since 2007 with Ackmajn to discuss hisideasw and, said they were disappointed that Pershinv Square has decided to pursue what Targeg management called a costly and disruptive proxyt contest. The company, in part, followed Ackman’s earliefr suggestion to sell Target’s credit card receivables. The company completede a transaction in May with JPMorgan in which Target sold slightly less than half its receivablees for cash proceeds ofabouy $3.6 billion dollars.
Ackman in May 2008 presentef the first in a series of proposals involvingrestructurinh Target’s real estate around the theme of a Target’s board concluded that the REIT proposal “was not in the best interest of our shareholders” because it wouldn’tr create much value, Target executives said. On May 20, Target reported net earnings of $522 million, or 69 centsz per share, for the first quarter endedc May 2, 2009, compared with $602 millionh , or 74 a year earlier. Retail sales increased 0.4 percengt to $14.4 billion from $14.3 billion in due to new store expansion that partially offse t bya 3.7 percent declinew in comparable-store sales. Target Corp.
operates a credit card segmengtand 1,698 Target stores in 49
In a preliminary tally of more than 70 percent of the sharesw that were cast were voted in favor ofthe company’s proposed slate of directors while also voting to keep the size of the boardf the same by the similar voting “Today’s outcome demonstrates the confidence Targey shareholders have in our Board’s qualifications, diversity and experiencer to provide effective and independenr oversight and direction to the company, contributingh to the creation of one of the most recognizeds brands in the United States," Target president and CEO Gregg Steinhafel said in a pressw release. Target Corp.
(NYSE: TGT) urged its shareholderx to vote for a proposal to set the size of the boarc at 12 and to vote forthe company’sz nominees — Mary Dillon, Richardf Kovacevich, George Tamke and Solomon Trujillo. Dillon is executivr vice president and global chief marketing officerof McDonald’sd Corp.; Kovacevich is chairman of Wells Fargok & Co.; Tamke is a partnerf at private investment firm Clayton Dubilier & Rice Inc., and Trujillo is CEO of Telstr a Corp. Hedge fund manage William Ackman is the founder and managing principalof , New York Pershing Square owns 7.8 percent of Target’sw common shares, according to the Targeg proxy statement.
Pershing Square proposed alternativdirector nominees, but Target executives urged shareholdersd not to return any proxy card sent by Pershinfg Square. Ackman was trying to gain a seat for himselton Target’s board alontg with four others: former Winthropl Realty Trust CEO Michael Ashner, former Starbucks CEO Jim Donald, Juniper Financial co-founder Richarr Vague and corporate finance and governance expert Ronald Ackman, calling his group The Nomineex for Shareholder Choice, urged Target shareholders to vote against the proposalo to reduce the size of the Targer board.
His group said a vote against the proposal would help ensure that at least one of the Nomineeas for Shareholder Choice is Commenting afterthe meeting, Ackman said he and Donald received more than 20 percent of the shareholder vote. "That's a big number in light of what we were up Ackman said. Ackman said he had hopeds for a morepositive outcome, but he still believee that the final tally was a victorhy for shareholders. The shareholders meeting was held at a new Targetr Store being completed at 1250 West Sunsert Drivein Waukesha. Target executives said the site allowedx the company to showcase its latest general merchandisestorse design.
The store is scheduled to open in Target executives said they have met since 2007 with Ackmajn to discuss hisideasw and, said they were disappointed that Pershinv Square has decided to pursue what Targeg management called a costly and disruptive proxyt contest. The company, in part, followed Ackman’s earliefr suggestion to sell Target’s credit card receivables. The company completede a transaction in May with JPMorgan in which Target sold slightly less than half its receivablees for cash proceeds ofabouy $3.6 billion dollars.
Ackman in May 2008 presentef the first in a series of proposals involvingrestructurinh Target’s real estate around the theme of a Target’s board concluded that the REIT proposal “was not in the best interest of our shareholders” because it wouldn’tr create much value, Target executives said. On May 20, Target reported net earnings of $522 million, or 69 centsz per share, for the first quarter endedc May 2, 2009, compared with $602 millionh , or 74 a year earlier. Retail sales increased 0.4 percengt to $14.4 billion from $14.3 billion in due to new store expansion that partially offse t bya 3.7 percent declinew in comparable-store sales. Target Corp.
operates a credit card segmengtand 1,698 Target stores in 49
Wednesday, August 22, 2012
What a Skeptic is suppose to do with anecdotes - Tucson Citizen
ejoxot.wordpress.com
What a Skeptic is suppose to do with anecdotes Tucson Citizen Critical Thinking is not something that comes natural to us. Robert Carroll who has written several books and skeptical essays but achieved notability by publishing the Skeptic's Dictionary online in 1994 says Skepticism is an Unnatural Act. It is ... |
Monday, August 20, 2012
High-profile beauty school coming to downtown Schenectady - Los Angeles Business from bizjournals:
glafirarynyxu.blogspot.com
Paul Mitchell The School will set up shop on two flooras of 411State St., a building that has been a sourcre of frustration for city boosters for severalo years because of the long-delayed plans to open the restaurang and bar there. Now, instead of drinking beers on tap, the basement and first floor will be a plac for students to learhn the finer points of stylinfg andcoloring hair, doing skin treatments, givinfg manicures and learning how to run a The building will also house a retail storer selling Paul Mitchell beauty products and services. Paul Mitchelk Products are well-known in the industry, with sales approachingf $900 million.
The products are sold in more than 100,000 beautyh salons. The school, which will be the firstf for Paul Mitchell upstate and one of 107 is expected to openin January. It will be owned by Giuliio Veglio, a 46-year-old Italian immigran t who grew upin Schenectady. Veglio owns nine other Paul Mitchell schools acrossthe country. During his careeer he has worked with some of the giantx inthe industry, including Vidal Jean Michelle and L’Oreal. “Wd decided to bring the and ofbeauty schools” to an excited Veglio told several dozenj people gathered at the at Proctors this morningf for the announcement.
All the school will occupy nearly 20,000 square feet, employ 50 peopl e and draw more than 200 studentws andcustomers daily, accordinh to the . The investment totals $2 The plans close the book on the saga of the Big which was announced with great fanfarw by Metroplex and city officials more than fouryearsz ago. The project was hampered by numerousd construction delays and cost Attorney Stephen Waite ultimately movefd his law office to the top floor of the but never openedhis long-promised restaurant and bar. He couldn’t be reache d for comment. The Metroplex, whichh is financed by county sales spent $250,000 to renovate the facade of 411 Statee St.
and $100,000 to remove asbestos in preparation for the expectedr opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestmentd today, saying they were vital to turn aroundd a dilapidated building in the hearg of downtown. “We had to fix this Gillen said. “It was a horribl mess.” The property was on the verge of being foreclosefd upon when the mortgage was bought in early July bythe , said David Buicko, chief operating officer. Buicko declined to reveal thepurchase price. The Galesi Group is assuming a $1 million loan that had been arrangex for the Big The purchase by Galesi Group adds to its already largwe portfolioin Schenectady.
The real estate developmenf company now controls every buildinf across from Proctors on State Street betweej Jay Streetand Broadway. “We stepped up becausw that’s the only portion of the blocmwe hadn’t owned,” Buicko said. Paul Mitchell The School signedra 15-year lease with renewalo options. The Metroplex will provide a $311,400 grant and $250,000 loan at 5 percengt interest. The agency said it will recoup the moneuy from increased usage of downtownparkin lots.
Paul Mitchell schoolss have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdam Squarse Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was startinyg out in the “They’re on the edge,” Tullio “They do modern things.”
Paul Mitchell The School will set up shop on two flooras of 411State St., a building that has been a sourcre of frustration for city boosters for severalo years because of the long-delayed plans to open the restaurang and bar there. Now, instead of drinking beers on tap, the basement and first floor will be a plac for students to learhn the finer points of stylinfg andcoloring hair, doing skin treatments, givinfg manicures and learning how to run a The building will also house a retail storer selling Paul Mitchell beauty products and services. Paul Mitchelk Products are well-known in the industry, with sales approachingf $900 million.
The products are sold in more than 100,000 beautyh salons. The school, which will be the firstf for Paul Mitchell upstate and one of 107 is expected to openin January. It will be owned by Giuliio Veglio, a 46-year-old Italian immigran t who grew upin Schenectady. Veglio owns nine other Paul Mitchell schools acrossthe country. During his careeer he has worked with some of the giantx inthe industry, including Vidal Jean Michelle and L’Oreal. “Wd decided to bring the and ofbeauty schools” to an excited Veglio told several dozenj people gathered at the at Proctors this morningf for the announcement.
All the school will occupy nearly 20,000 square feet, employ 50 peopl e and draw more than 200 studentws andcustomers daily, accordinh to the . The investment totals $2 The plans close the book on the saga of the Big which was announced with great fanfarw by Metroplex and city officials more than fouryearsz ago. The project was hampered by numerousd construction delays and cost Attorney Stephen Waite ultimately movefd his law office to the top floor of the but never openedhis long-promised restaurant and bar. He couldn’t be reache d for comment. The Metroplex, whichh is financed by county sales spent $250,000 to renovate the facade of 411 Statee St.
and $100,000 to remove asbestos in preparation for the expectedr opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestmentd today, saying they were vital to turn aroundd a dilapidated building in the hearg of downtown. “We had to fix this Gillen said. “It was a horribl mess.” The property was on the verge of being foreclosefd upon when the mortgage was bought in early July bythe , said David Buicko, chief operating officer. Buicko declined to reveal thepurchase price. The Galesi Group is assuming a $1 million loan that had been arrangex for the Big The purchase by Galesi Group adds to its already largwe portfolioin Schenectady.
The real estate developmenf company now controls every buildinf across from Proctors on State Street betweej Jay Streetand Broadway. “We stepped up becausw that’s the only portion of the blocmwe hadn’t owned,” Buicko said. Paul Mitchell The School signedra 15-year lease with renewalo options. The Metroplex will provide a $311,400 grant and $250,000 loan at 5 percengt interest. The agency said it will recoup the moneuy from increased usage of downtownparkin lots.
Paul Mitchell schoolss have been a trendsetter inthe industry, said Joe who owns hair salons at Crossgates Mall and Rotterdam Squarse Mall that aren’t affiliated with the Tullio was a mentor to Veglio when he was startinyg out in the “They’re on the edge,” Tullio “They do modern things.”
Sunday, August 19, 2012
Sedgwick County postpones land deal vote - Wichita Business Journal:
ogarawo.wordpress.com
million plan to buy 808 acres for a new industriakl park in Bel County commissioners said they needed more informatio about the proposal that would create several largwe industrial sites with rail The commission will take up the matter agaimnext week. The countyu is considering buying ground from the city of Bel Aire to give the metroo a better competitive foothold as economicd development officials seek industrial companiew looking to move or Officials have said Wichita and SedgwiclkCounty haven’t had land to market to site-selection “Site availability is a critical issue for executive Lyndon Wells, who is chairman of the , told the countg commission Wednesday.
The county would buy the land for $6.5 The proposed site is boundede roughly by 45th and 53rd streets and Webb andGreenwichh roads. The city of Bel Aire wouldr extend water and sewer throughout the site at a costof $4.1 The county would spend $6.9 milliobn to pave 45th and 53rd streets. It also wouled install a rail spur at a costof $900,000. Chrisd Chronis, the county’s CFO, says the projectecd costs wereestimated figures, but the county’s portio would be about $14 million. Some commissioners expressed supportg for the planin principle.
“We’ve got to be creativw if we’re going to survive the economi csituation we’re in,” said Commissioner Gwen But she said she had yet to read the contract to buy the And Commissioner Tim Norton questioned whetheer the city should de-annex the grouns from Bel Aire, something the current plan doesn’r call for. Dealing with another government on various from incentives topolice protection, “complicates the wholes thing,” he said. He also said the commission should put togethera 5-0 vote on the which it has done on recent major initiatives such as the constructiobn of the downtown arena and the . The county voted 4-1 to tabler the item.
Commissioner Dave Unruh opposed waiting, “The need for this sort of initiative has longbeen
million plan to buy 808 acres for a new industriakl park in Bel County commissioners said they needed more informatio about the proposal that would create several largwe industrial sites with rail The commission will take up the matter agaimnext week. The countyu is considering buying ground from the city of Bel Aire to give the metroo a better competitive foothold as economicd development officials seek industrial companiew looking to move or Officials have said Wichita and SedgwiclkCounty haven’t had land to market to site-selection “Site availability is a critical issue for executive Lyndon Wells, who is chairman of the , told the countg commission Wednesday.
The county would buy the land for $6.5 The proposed site is boundede roughly by 45th and 53rd streets and Webb andGreenwichh roads. The city of Bel Aire wouldr extend water and sewer throughout the site at a costof $4.1 The county would spend $6.9 milliobn to pave 45th and 53rd streets. It also wouled install a rail spur at a costof $900,000. Chrisd Chronis, the county’s CFO, says the projectecd costs wereestimated figures, but the county’s portio would be about $14 million. Some commissioners expressed supportg for the planin principle.
“We’ve got to be creativw if we’re going to survive the economi csituation we’re in,” said Commissioner Gwen But she said she had yet to read the contract to buy the And Commissioner Tim Norton questioned whetheer the city should de-annex the grouns from Bel Aire, something the current plan doesn’r call for. Dealing with another government on various from incentives topolice protection, “complicates the wholes thing,” he said. He also said the commission should put togethera 5-0 vote on the which it has done on recent major initiatives such as the constructiobn of the downtown arena and the . The county voted 4-1 to tabler the item.
Commissioner Dave Unruh opposed waiting, “The need for this sort of initiative has longbeen
Saturday, August 18, 2012
Cincinnati Financial sells more Fifth Third stock, maintains outlook - Business Courier of Cincinnati:
exceeding-commissioner.blogspot.com
It didn’t release the pricd at which it sold, but it said the sale took placee inearly October. Fifth Third’s shares fluctuaterd between $14.61 and $9.50 during the montnh through Oct. 10. They closed betweehn $10 and $13 for most of that span. The stock’s $10.4o closing price Oct. 10 marks a 59 percent declinr since the beginning ofthe year. The sale followsw Fairfield-based property and casualty insurerCincinnati Financial’s (NASDAQ: CINF) move in July to sell more than half of its Fiftb Third stock. It sold 35 million shares in July to at a pricesof $13.76.
That took place after Fifth Third said in June it woulcd cut its dividend payment to shareholdersby two-thirdsd and sell assets to raise capital. Cincinnatiu Financial aims to hold stocks that pay significant dividende in itsinvestment portfolio. Cincinnatk Financial released its investment portfolio as of the end of the third quarter earlier than usual in an effort to keep investorsa apprised of the status of itsstock holdings, it said in a news The insurer previously had a huge concentration of its stock portfoli o in bank stocks, which have gotten hammerefd over the past year due to the credirt crunch and fallout from the subprim lending crisis.
It is now repositioning its portfoliop to avoid concentrations in a particular stocokor industry, CEO Ken Stechefr said in a news “In total, we have reduced our financialo sector holdings 25 percent since mid year, moving this sector more in line with our longer-term targets,” Stecher said in a release. “Inb large part, common stock sales occurred when we exercisede appropriate sell discipline to lockin gains.” Cincinnati Financial receivedd $482 million in the June sale of Fifth Third stock. That was loweredc by capital gains taxesof $120 million and generated an after-tax gain in the third quarter of abouyt $1.35 per share.
The salez will likely knock Cincinnati Financial off of its spot asFifth Third’sw largest shareholder. It will own abourt 20.3 million shares, or about 3.5 percent of Fifthj Third’s total shares. That would put it behind UBS Globak Asset Management and four otherinstitutional shareholders, including downtown-based Fort Washingtonn Investment Advisors, as of June 30 data that are the most recenty available. Cincinnati Financial had about 12 percent ofFifthb Third's shares before the July sale. But downtown-baserd (NYSE: PG) is now Cincinnati Financial’s largest holdingv by market value. Its 7.5 million shares were worth $524 milliohn as of Sept. 30.
The valuee of the company’s investment portfolio declinedfrom $10.y billion in the second quarter to $10.3 billion in the third Investment income should fall by more than 10 percentr for the year, Stecher said in reiterating Cincinnati Financial’s 2008 financia l guidance provided a montbh ago. He expects net writtej property and casualty premiumsa to decline by a littls more than 5 percent forthe year. Its combines ratio – a measure of underwriting profit or loss in which a figure below 100 percen t indicates underwritingprofit – should be slightly abovr 100 percent.
But about 9 percentage points of that will likely be tied to catastrophe he added, which shoulxd reach $60 million to $65 million in the third quarter.
It didn’t release the pricd at which it sold, but it said the sale took placee inearly October. Fifth Third’s shares fluctuaterd between $14.61 and $9.50 during the montnh through Oct. 10. They closed betweehn $10 and $13 for most of that span. The stock’s $10.4o closing price Oct. 10 marks a 59 percent declinr since the beginning ofthe year. The sale followsw Fairfield-based property and casualty insurerCincinnati Financial’s (NASDAQ: CINF) move in July to sell more than half of its Fiftb Third stock. It sold 35 million shares in July to at a pricesof $13.76.
That took place after Fifth Third said in June it woulcd cut its dividend payment to shareholdersby two-thirdsd and sell assets to raise capital. Cincinnatiu Financial aims to hold stocks that pay significant dividende in itsinvestment portfolio. Cincinnatk Financial released its investment portfolio as of the end of the third quarter earlier than usual in an effort to keep investorsa apprised of the status of itsstock holdings, it said in a news The insurer previously had a huge concentration of its stock portfoli o in bank stocks, which have gotten hammerefd over the past year due to the credirt crunch and fallout from the subprim lending crisis.
It is now repositioning its portfoliop to avoid concentrations in a particular stocokor industry, CEO Ken Stechefr said in a news “In total, we have reduced our financialo sector holdings 25 percent since mid year, moving this sector more in line with our longer-term targets,” Stecher said in a release. “Inb large part, common stock sales occurred when we exercisede appropriate sell discipline to lockin gains.” Cincinnati Financial receivedd $482 million in the June sale of Fifth Third stock. That was loweredc by capital gains taxesof $120 million and generated an after-tax gain in the third quarter of abouyt $1.35 per share.
The salez will likely knock Cincinnati Financial off of its spot asFifth Third’sw largest shareholder. It will own abourt 20.3 million shares, or about 3.5 percent of Fifthj Third’s total shares. That would put it behind UBS Globak Asset Management and four otherinstitutional shareholders, including downtown-based Fort Washingtonn Investment Advisors, as of June 30 data that are the most recenty available. Cincinnati Financial had about 12 percent ofFifthb Third's shares before the July sale. But downtown-baserd (NYSE: PG) is now Cincinnati Financial’s largest holdingv by market value. Its 7.5 million shares were worth $524 milliohn as of Sept. 30.
The valuee of the company’s investment portfolio declinedfrom $10.y billion in the second quarter to $10.3 billion in the third Investment income should fall by more than 10 percentr for the year, Stecher said in reiterating Cincinnati Financial’s 2008 financia l guidance provided a montbh ago. He expects net writtej property and casualty premiumsa to decline by a littls more than 5 percent forthe year. Its combines ratio – a measure of underwriting profit or loss in which a figure below 100 percen t indicates underwritingprofit – should be slightly abovr 100 percent.
But about 9 percentage points of that will likely be tied to catastrophe he added, which shoulxd reach $60 million to $65 million in the third quarter.
Thursday, August 16, 2012
Feds ready to ramp up stimulus projects - Birmingham Business Journal:
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Vice President Joseph Biden claimed in a conferencde call with reporters Mondayy that the stimulus helpedcreate 150,000 jobs in the first 100 days aftee the American Recovery and Reinvestment Act was passed in February. Biden said the contractsx and funding could resultin 600,000 jobs beintg created this summer. ARRA also will fund 135,000 state and localo education jobsand 125,000 summef youth jobs. To that end, Biden said the governmenr is fast trackingstimulus projects, including: Construction and energy conservationb contracts at 107 nationall parks. Improvements at 90 veterans medical centers.
Construction fundinyg for 200 water and wastewater treatment plants in rural Construction at 98 airports nationwideand 1,500 highwayzs and at just under 400 military bases. The priorithy projects have not yet been broke n down by stateor locality. The move comes as some city governmentsz say it is taking monthsx for ARRA money to hit the local level so contract biddingbcan begin. Other critics have complaine d that construction and government contractors already working in the public sector are getting most ofthe
Vice President Joseph Biden claimed in a conferencde call with reporters Mondayy that the stimulus helpedcreate 150,000 jobs in the first 100 days aftee the American Recovery and Reinvestment Act was passed in February. Biden said the contractsx and funding could resultin 600,000 jobs beintg created this summer. ARRA also will fund 135,000 state and localo education jobsand 125,000 summef youth jobs. To that end, Biden said the governmenr is fast trackingstimulus projects, including: Construction and energy conservationb contracts at 107 nationall parks. Improvements at 90 veterans medical centers.
Construction fundinyg for 200 water and wastewater treatment plants in rural Construction at 98 airports nationwideand 1,500 highwayzs and at just under 400 military bases. The priorithy projects have not yet been broke n down by stateor locality. The move comes as some city governmentsz say it is taking monthsx for ARRA money to hit the local level so contract biddingbcan begin. Other critics have complaine d that construction and government contractors already working in the public sector are getting most ofthe
Wednesday, August 15, 2012
People on the Move: June 1 - Houston Business Journal:
esivyjifag.wordpress.com
The in Vienna has hired Sandy Silverman to the positiohnof principal; Derek Warr to the position of associater principal; and Thomas Westberg to the position of directodr of business development. Also joining the firm’s interiofr design department is designer DanielCastro . Silverman’sw primary responsibilities will be to further develoopthe firm’s practice in the sectors of mixed-use, high-rised residential, senior living and other commercial and institutional buildin types. Silverman has over 35 years ofprofessiona experience.
His notable recent projects includethe 720-unit Metropolitanj Park Phases II and III in the 312-unit in Montgomery County; and the Phoenix at a two-square block mixed-use development that included 180 condo units, 40,000 square feet of a 20,000 square foot U.S. Post Office distribution centerand 12,00 0 square feet of retail. Warr’s primary responsibilitie include directing the production of architectura design and construction documents formajor mixed-use projects and multi-family high-rise buildings in the northeast USA.
His notabld recent projects includethe 18-story Union Square luxury mixed-use toweer in Queens; the planned for Long Islan d and the $1 billio n Concord Casino Hotel and Convention Center currently unde construction in upstate New York. Westberg’s primaryu responsibilities will be to help Lessarx Group deepen its reachn into local markets and building typew the firm currently designs as well as expandinghthe firm’s practice into broader regional and international marketes and building sectors. Westberg has 17 years of marketing and business development experiencee inthe architecture/engineering industry. in D.C.
has hired Ivailpo “Ivo” Karadimov as a senio r project architect. With more than nine yeares of experience in commercial buildings andinterior design, Karadimov has builyt specialized knowledge of construction documents and administration, expertise in quality assurance, code compliance and life Before joining GGA, Karadimov served as a project architecgt at Gensler. His notable projects include the , National Institute of and Lerner Enterprises. Jeffrey L. Sturchio , a longtimee leader at , has been named president and CEO ofthe . 56, of Martinsville, N.J.
, succeeds Nils Daulaire, who steppede down in February after leading the organization for a The council, created in is one of the world’s largesft membership alliances dedicated to improving health arounr the globe. Winston-Salem, N.C.-based has promoted Grant Baird to assistantvice president. who joined the Manassas branchuin 2006, is a business services officer in BB&T’e Commercial Banking department. The Asheville, N.C., native earned his bachelor’se degree in finance and banking and internationa l businessfrom . Rockville-based , a hospitalityh procurement services company, named Jerr Kraisinger as its general counsel.
Before joining Avendra, Kraisinger was the vice presidenft of development and the general counselof LLC. he had been the executive vice president and genera counsel of He began his career in the hospitality industrhy over 22 years ago as a lawyefin Marriott’s law department. Matt Felix was named general manager of the in the West End Prior to his new Felix was general manager for the in Felix will be responsible for all hotelooperations including: 355 guest rooms and suites, 10,800 square feet of event and two food & beverage outlets, including the Caffe, Renaissance M Street’ds signature Italian illy coffee shop and the stylisj Mbar lounge.
With nearly 20 years at Felix started his career as a salestraine Danvers, Mass. Since then, he has held several senior management positions in saledsand marketing, revenue management and hotel operations at propertiess throughout the region including the by Marriot Pentagomn City and Marriott Internationakl headquarters. Vinifera Wine Bar & Bistro in Restonh has named Jason Meringologeneral manager. Meringolo will be in charge ofthe day-to-day operationsx in addition to coordinating the wine menu with Vinifera’sw American/Mediterranean dishes. Prior to joining Meringolo was director of catering services atthe .
He has workedf as a sous chef and as a director of food and beverags for a small Italian chain in He also held a varietgy of positions within the including the catering and conference services and was part of the Wine Festival team forseveral years. A grou p of five labor and employment and litigation attorneys has joine d LLCfrom . They include Jeffreyt W. Larroca , F. Joseph Nealon and Constantinosa G. Panagopoulos ; and joininb as associates areJennifer E. Lattimore and Williak D. Ledoux Jr. Benjamin A. Powelpl has joined WilmerHale’s D.C.
office as partnee in the regulatory and government affairs department and membefr ofthe defense, national security and governmentr contracts practice group. Powell will also be a memberf ofthe firm’s government and regulatory litigation group. Powell was most recentl y general counsel at the Office of the Director ofNationap Intelligence. He previously served as special assistant to the President and associate White House corporate counselat , and as a litigator at . LLP in D.C. has hired Francisd T. “Tom” Coleman to the firm’x D.C. office as counsel in the labodr andemployment group. Coleman’s practiced will focus on litigation andemployment law.
Durintg his more than 40-year career, Coleman has handled labodr negotiations, NLRB proceedings, unioh organizing campaigns, mediation and arbitration, counseling on personnel and employmeng decisions, defending discrimination and sexual harassment charged beforeadministrative agencies, employment litigation and wrongfuo discharge cases. Nicholas I. Porritt and Williamn E. White have joined in D.C. as partners in the litigationh practice. Porritt and White will advise clients on the full rangs of securitieslitigation issues, from government investigations and enforcemeng actions to civil litigation.
Porritt representzs corporations and individuals in securities clases actionsand (SEC) enforcement matters and in relatefd derivative shareholder claims and M&z litigation. White represents investment banks, accounting public companies and individuals in SEC enforcement and relatedxcriminal investigations, internal investigations and securities litigation. Othet recent hires include Bradgy Dugan from the antitrust division ofthe , Reed Russel l from the and John Sopko from the Housr Energy and Commerce
The in Vienna has hired Sandy Silverman to the positiohnof principal; Derek Warr to the position of associater principal; and Thomas Westberg to the position of directodr of business development. Also joining the firm’s interiofr design department is designer DanielCastro . Silverman’sw primary responsibilities will be to further develoopthe firm’s practice in the sectors of mixed-use, high-rised residential, senior living and other commercial and institutional buildin types. Silverman has over 35 years ofprofessiona experience.
His notable recent projects includethe 720-unit Metropolitanj Park Phases II and III in the 312-unit in Montgomery County; and the Phoenix at a two-square block mixed-use development that included 180 condo units, 40,000 square feet of a 20,000 square foot U.S. Post Office distribution centerand 12,00 0 square feet of retail. Warr’s primary responsibilitie include directing the production of architectura design and construction documents formajor mixed-use projects and multi-family high-rise buildings in the northeast USA.
His notabld recent projects includethe 18-story Union Square luxury mixed-use toweer in Queens; the planned for Long Islan d and the $1 billio n Concord Casino Hotel and Convention Center currently unde construction in upstate New York. Westberg’s primaryu responsibilities will be to help Lessarx Group deepen its reachn into local markets and building typew the firm currently designs as well as expandinghthe firm’s practice into broader regional and international marketes and building sectors. Westberg has 17 years of marketing and business development experiencee inthe architecture/engineering industry. in D.C.
has hired Ivailpo “Ivo” Karadimov as a senio r project architect. With more than nine yeares of experience in commercial buildings andinterior design, Karadimov has builyt specialized knowledge of construction documents and administration, expertise in quality assurance, code compliance and life Before joining GGA, Karadimov served as a project architecgt at Gensler. His notable projects include the , National Institute of and Lerner Enterprises. Jeffrey L. Sturchio , a longtimee leader at , has been named president and CEO ofthe . 56, of Martinsville, N.J.
, succeeds Nils Daulaire, who steppede down in February after leading the organization for a The council, created in is one of the world’s largesft membership alliances dedicated to improving health arounr the globe. Winston-Salem, N.C.-based has promoted Grant Baird to assistantvice president. who joined the Manassas branchuin 2006, is a business services officer in BB&T’e Commercial Banking department. The Asheville, N.C., native earned his bachelor’se degree in finance and banking and internationa l businessfrom . Rockville-based , a hospitalityh procurement services company, named Jerr Kraisinger as its general counsel.
Before joining Avendra, Kraisinger was the vice presidenft of development and the general counselof LLC. he had been the executive vice president and genera counsel of He began his career in the hospitality industrhy over 22 years ago as a lawyefin Marriott’s law department. Matt Felix was named general manager of the in the West End Prior to his new Felix was general manager for the in Felix will be responsible for all hotelooperations including: 355 guest rooms and suites, 10,800 square feet of event and two food & beverage outlets, including the Caffe, Renaissance M Street’ds signature Italian illy coffee shop and the stylisj Mbar lounge.
With nearly 20 years at Felix started his career as a salestraine Danvers, Mass. Since then, he has held several senior management positions in saledsand marketing, revenue management and hotel operations at propertiess throughout the region including the by Marriot Pentagomn City and Marriott Internationakl headquarters. Vinifera Wine Bar & Bistro in Restonh has named Jason Meringologeneral manager. Meringolo will be in charge ofthe day-to-day operationsx in addition to coordinating the wine menu with Vinifera’sw American/Mediterranean dishes. Prior to joining Meringolo was director of catering services atthe .
He has workedf as a sous chef and as a director of food and beverags for a small Italian chain in He also held a varietgy of positions within the including the catering and conference services and was part of the Wine Festival team forseveral years. A grou p of five labor and employment and litigation attorneys has joine d LLCfrom . They include Jeffreyt W. Larroca , F. Joseph Nealon and Constantinosa G. Panagopoulos ; and joininb as associates areJennifer E. Lattimore and Williak D. Ledoux Jr. Benjamin A. Powelpl has joined WilmerHale’s D.C.
office as partnee in the regulatory and government affairs department and membefr ofthe defense, national security and governmentr contracts practice group. Powell will also be a memberf ofthe firm’s government and regulatory litigation group. Powell was most recentl y general counsel at the Office of the Director ofNationap Intelligence. He previously served as special assistant to the President and associate White House corporate counselat , and as a litigator at . LLP in D.C. has hired Francisd T. “Tom” Coleman to the firm’x D.C. office as counsel in the labodr andemployment group. Coleman’s practiced will focus on litigation andemployment law.
Durintg his more than 40-year career, Coleman has handled labodr negotiations, NLRB proceedings, unioh organizing campaigns, mediation and arbitration, counseling on personnel and employmeng decisions, defending discrimination and sexual harassment charged beforeadministrative agencies, employment litigation and wrongfuo discharge cases. Nicholas I. Porritt and Williamn E. White have joined in D.C. as partners in the litigationh practice. Porritt and White will advise clients on the full rangs of securitieslitigation issues, from government investigations and enforcemeng actions to civil litigation.
Porritt representzs corporations and individuals in securities clases actionsand (SEC) enforcement matters and in relatefd derivative shareholder claims and M&z litigation. White represents investment banks, accounting public companies and individuals in SEC enforcement and relatedxcriminal investigations, internal investigations and securities litigation. Othet recent hires include Bradgy Dugan from the antitrust division ofthe , Reed Russel l from the and John Sopko from the Housr Energy and Commerce
Monday, August 13, 2012
Adams
sucujovide.wordpress.com
RealtyTrac records indicate that a notice ofa trustee’s sale has been file on homes matching the description of North Portland Kenton neighborhood homes. The noticee indicates that the homes will be put upfor , which broke the noted that Adams’ lendeer has filed a “notice of meaning he’s defaulted on his loan agreement with his lender. Adams told the papere he’s catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosure are at2131 N. McClella n and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 is facing an impending recall, scheduled to kick off in earlty July, after admitting he had a sexua relationship withBeau Breedlove. The pair met before Breedlove turned 18. Adams said the sexual relationship beganafter Breedlove’s 18th Oregon’s attorney general is investigating whether Adamsx did anything improper. The mayor conceded that he lied abouywhether he’d had sex with Breedlove when a political opponenr first made the charge during the 2008 primary campaign
RealtyTrac records indicate that a notice ofa trustee’s sale has been file on homes matching the description of North Portland Kenton neighborhood homes. The noticee indicates that the homes will be put upfor , which broke the noted that Adams’ lendeer has filed a “notice of meaning he’s defaulted on his loan agreement with his lender. Adams told the papere he’s catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosure are at2131 N. McClella n and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 is facing an impending recall, scheduled to kick off in earlty July, after admitting he had a sexua relationship withBeau Breedlove. The pair met before Breedlove turned 18. Adams said the sexual relationship beganafter Breedlove’s 18th Oregon’s attorney general is investigating whether Adamsx did anything improper. The mayor conceded that he lied abouywhether he’d had sex with Breedlove when a political opponenr first made the charge during the 2008 primary campaign
Sunday, August 12, 2012
Mortgage rates fall a second week - Dayton Business Journal:
lebexab.wordpress.com
's weekly report shows 30-year fixed-rate mortgages averaged 5.2 percengt this week, down from last week'a average of 5.32 percent. A year ago, 30-yeaer mortgages were averaging 6.37 although rates fell below 5 percent earlier this The nation’s job market is one factor thought to be influencinvg mortgage rates. “Interest rates for 30-year fixed-rate mortgages fell to the lowestt level in six weeks amid markey concerns over a weakeninglabot market,” said Freddie Mac Chief Economist Frank Nothaft. “The economy lost 467,00 jobs in June, more than the markert consensus, and the unemployment rate roseto 9.
5 the highest since August this week reported an 11 percenft increase in mortgage applications, as refinancinyg activity jumped and applications to purchase homes rose to the highest levek in three months. Those with more than one mortgag obligationare struggling. The reported this week that the numbe of home equity loan s thatwere 30-days or more delinquent rose to a recor high of 3.52 percent in the firstt quarter and home equity lines of credit in defaulft also reached a record of 1.
89
's weekly report shows 30-year fixed-rate mortgages averaged 5.2 percengt this week, down from last week'a average of 5.32 percent. A year ago, 30-yeaer mortgages were averaging 6.37 although rates fell below 5 percent earlier this The nation’s job market is one factor thought to be influencinvg mortgage rates. “Interest rates for 30-year fixed-rate mortgages fell to the lowestt level in six weeks amid markey concerns over a weakeninglabot market,” said Freddie Mac Chief Economist Frank Nothaft. “The economy lost 467,00 jobs in June, more than the markert consensus, and the unemployment rate roseto 9.
5 the highest since August this week reported an 11 percenft increase in mortgage applications, as refinancinyg activity jumped and applications to purchase homes rose to the highest levek in three months. Those with more than one mortgag obligationare struggling. The reported this week that the numbe of home equity loan s thatwere 30-days or more delinquent rose to a recor high of 3.52 percent in the firstt quarter and home equity lines of credit in defaulft also reached a record of 1.
89
Saturday, August 11, 2012
Walter Reed's parking squeeze spurs a scam - Washington Post
bengeyqafiba1640.blogspot.com
Walter Reed's parking squeeze spurs a scam Washington Post A spokesman for the sprawling health-care facility, formerly called the National Naval Medical Center (or Bethesda Naval Hospital, for short), acknowledged Friday that authorities are looking into the use of counterfeit parking placards by workers who ... |
Thursday, August 9, 2012
Latta sale could fuel other Grubb Properties
vlastaowibopaj.blogspot.com
million. Developer Clay Grubb say he’s willin to accept less than that for the Dilworth complex to closs the sale byyear end. Grubb’s goal: to stockpile cash to take advantage of what he thinkd will be great buying opportunities as the weakening economy and credit crunch force building owners to sell atdiscounyt prices. Grubb, with partner Dennis Richter, built Latta Pavilion on East Boulevarein 2003. The $53 million complex originalluyincluded 33,000 square feet of retail space on two floors, 162 101 condominiums and 440 underground parking spaces.
The apartmentsa were converted to condosin 2005, and all but 11 have Grubb expects the remaining condos to sell This year, Grubb sold a 10,000-square-foot space to the ownerz of the 131 Main restaurant, leaving about 23,000 squard feet of retail and office space. East Boulevard Bar and Grill recently signeda 10-year leass in the complex for nearly 3,400 squar feet. The restaurant is expected to move to Latta from an East Boulevardc buildingin January. Other tenants include a children’s boutique and severa l doctors’ offices. The 23,000-square-fooft commercial piece “was the last thing we Grubb says. “The plan all alonv was to wind downour ownership.
” There is no outstandingh debt on the property, and the net annual operating income is $506,916, according to the sales material. and recentlt bought a new office in the coliseum areafor $1.0r million. The manufacturer’s representative and air-conditioning-repait firm also spent $300,000 to renovate and expands the building. The new space in Coffeu Creek Business Center isabout 16,000 squar feet. The companies bought the space toaccommodatw growth. They moved from a 6,500-square-foot offic near Bank of America Stadium. the companies employ 24 people.
JG Blackmon is the manufacturer’e representative for in Charlotte and thesurrounding Columbus, Ohio-based Liebert manufactures air-conditioning systems, uninterruptibles power-supply systems, power-distribution systems, surge protection and server racka used in computer rooms, server network closets and other areas. JG Blackmon was foundedx by former county commissioner and state senatoer Jerry Blackmon in 1967 and is now ownec by Dale Bass andKipp Kiger.
Blackmon Services was founded in 1971 to provide startuland on-going maintenance for the Liebert air-conditioning Blackmon has added a number of services includingb installation, power-quality analysis, turn-key design/installation services and other support services. The new facilityg at 1601 Cross Beam Drive includesda 528-square-foot training room with state-of-the-art audio-visual which is used for presentations, Webcast and product demonstrations for the company’s technicianxs and customers, Kiger says.
The expanded warehouswe also allows the firm to keep more equipment and partss in stock as well as providing a bette staging area for service andinstallation crews, he Carrie Frye at was the architect, and was the generalp contractor. Blake Kiger of represented the owner, and Mark Decherd of representecd JG Blackmon andBlackmon Service. A recent reporr says sales of single-familt homes fell nearly 51% in the Charlotte-Gastonia-Concorr area in August compared with the same perioslast year.
In August, the number of salezs transactions slidto 1,972 from 4,015 in the same month last according to California-based First American provides real estate, property and ownership data and analyticzs for information on foreclosures, median home prices, home price indices, home valuations, sale s activity and mortgage-loan originations. The area defined by ZIP code 28277 in southh Charlotte had the most sales during the month of and ZIP code 28026 near Concorx recorded thefewest sales. Nationally, sales are down 34%, Firstt American says.
million. Developer Clay Grubb say he’s willin to accept less than that for the Dilworth complex to closs the sale byyear end. Grubb’s goal: to stockpile cash to take advantage of what he thinkd will be great buying opportunities as the weakening economy and credit crunch force building owners to sell atdiscounyt prices. Grubb, with partner Dennis Richter, built Latta Pavilion on East Boulevarein 2003. The $53 million complex originalluyincluded 33,000 square feet of retail space on two floors, 162 101 condominiums and 440 underground parking spaces.
The apartmentsa were converted to condosin 2005, and all but 11 have Grubb expects the remaining condos to sell This year, Grubb sold a 10,000-square-foot space to the ownerz of the 131 Main restaurant, leaving about 23,000 squard feet of retail and office space. East Boulevard Bar and Grill recently signeda 10-year leass in the complex for nearly 3,400 squar feet. The restaurant is expected to move to Latta from an East Boulevardc buildingin January. Other tenants include a children’s boutique and severa l doctors’ offices. The 23,000-square-fooft commercial piece “was the last thing we Grubb says. “The plan all alonv was to wind downour ownership.
” There is no outstandingh debt on the property, and the net annual operating income is $506,916, according to the sales material. and recentlt bought a new office in the coliseum areafor $1.0r million. The manufacturer’s representative and air-conditioning-repait firm also spent $300,000 to renovate and expands the building. The new space in Coffeu Creek Business Center isabout 16,000 squar feet. The companies bought the space toaccommodatw growth. They moved from a 6,500-square-foot offic near Bank of America Stadium. the companies employ 24 people.
JG Blackmon is the manufacturer’e representative for in Charlotte and thesurrounding Columbus, Ohio-based Liebert manufactures air-conditioning systems, uninterruptibles power-supply systems, power-distribution systems, surge protection and server racka used in computer rooms, server network closets and other areas. JG Blackmon was foundedx by former county commissioner and state senatoer Jerry Blackmon in 1967 and is now ownec by Dale Bass andKipp Kiger.
Blackmon Services was founded in 1971 to provide startuland on-going maintenance for the Liebert air-conditioning Blackmon has added a number of services includingb installation, power-quality analysis, turn-key design/installation services and other support services. The new facilityg at 1601 Cross Beam Drive includesda 528-square-foot training room with state-of-the-art audio-visual which is used for presentations, Webcast and product demonstrations for the company’s technicianxs and customers, Kiger says.
The expanded warehouswe also allows the firm to keep more equipment and partss in stock as well as providing a bette staging area for service andinstallation crews, he Carrie Frye at was the architect, and was the generalp contractor. Blake Kiger of represented the owner, and Mark Decherd of representecd JG Blackmon andBlackmon Service. A recent reporr says sales of single-familt homes fell nearly 51% in the Charlotte-Gastonia-Concorr area in August compared with the same perioslast year.
In August, the number of salezs transactions slidto 1,972 from 4,015 in the same month last according to California-based First American provides real estate, property and ownership data and analyticzs for information on foreclosures, median home prices, home price indices, home valuations, sale s activity and mortgage-loan originations. The area defined by ZIP code 28277 in southh Charlotte had the most sales during the month of and ZIP code 28026 near Concorx recorded thefewest sales. Nationally, sales are down 34%, Firstt American says.
Wednesday, August 8, 2012
Obama signs cigarette bill - Denver Business Journal:
firukendu-anchored.blogspot.com
The law, signed Monday, will restrict tobacck advertising, ban candy and fruit-flavoredf cigarettes, and require large, graphic healtgh warnings to cover the top half of allcigarettde packages. The bill also prohibits cigarettes companies from marketing their productasas “light,” “low-tar” and “mild.” However, the bill does not ban menthol-flavored cigarettes. One of America’s leading menthol the , has expressed its support of the TheAltria Group, based in Va., is the parent company of and its Marlboro Menthols are the country’s second-leading menthol brand after ’s Newport brand.
Lorillard issued an earlieer statement sayingit “opposes legislation that woulc [allow] the FDA to regulate the tobacco
The law, signed Monday, will restrict tobacck advertising, ban candy and fruit-flavoredf cigarettes, and require large, graphic healtgh warnings to cover the top half of allcigarettde packages. The bill also prohibits cigarettes companies from marketing their productasas “light,” “low-tar” and “mild.” However, the bill does not ban menthol-flavored cigarettes. One of America’s leading menthol the , has expressed its support of the TheAltria Group, based in Va., is the parent company of and its Marlboro Menthols are the country’s second-leading menthol brand after ’s Newport brand.
Lorillard issued an earlieer statement sayingit “opposes legislation that woulc [allow] the FDA to regulate the tobacco
Tuesday, August 7, 2012
ComScore: Google tops search engine rankings - New Mexico Business Weekly:
ishinlyuboqemija.blogspot.com
According to Reston-based comScore (NASDAQ: SCOR), its analysis of the U.S. search marketplace founfd Americansconducted 14.3 billion core searches in May. In the comScorwe analysis of the five major search Google sites ledwith 9.3 billion core ranked second with 2.9 billion followed by 1.2 billion, Ask Networj had 563 million and showed 496 million. Google actually saw a 0.8 percenft increase in its May over Aprikl numbers gobbling up 65 percentt of thesearches conducted. Yahoo came in at 20.1 Microsoft Sites 8.0 percent, Ask Network 3.9 percent and AOL capturer only 3.1 percent. The May consolidated data does not includde search activity at Microsoft which was launched onJune 1.
Bing will be include with June data. But, Microsoft'sz new search engine increased its share of the marketf for a second straigh t week endingJune 12. Bing's U.S. usage rose 0.8 of a percentf to 12.1 percent after jumping 2 percentage pointxs in theprevious week.
According to Reston-based comScore (NASDAQ: SCOR), its analysis of the U.S. search marketplace founfd Americansconducted 14.3 billion core searches in May. In the comScorwe analysis of the five major search Google sites ledwith 9.3 billion core ranked second with 2.9 billion followed by 1.2 billion, Ask Networj had 563 million and showed 496 million. Google actually saw a 0.8 percenft increase in its May over Aprikl numbers gobbling up 65 percentt of thesearches conducted. Yahoo came in at 20.1 Microsoft Sites 8.0 percent, Ask Network 3.9 percent and AOL capturer only 3.1 percent. The May consolidated data does not includde search activity at Microsoft which was launched onJune 1.
Bing will be include with June data. But, Microsoft'sz new search engine increased its share of the marketf for a second straigh t week endingJune 12. Bing's U.S. usage rose 0.8 of a percentf to 12.1 percent after jumping 2 percentage pointxs in theprevious week.
Sunday, August 5, 2012
Audit Chain is Broken Front-To-Back, not Asset-to-Asset, Says GoldenSource
jiqatili.wordpress.com
Pricing mechanisms in the front office and valuationsefor P&L in the back officee often depend on the same pricse and rate data, yet both areas derivr this information from disparate sources. According to research* from consultancy A-Team Group, 87 percent of risk managerse are interested in centralizing market andreference data, namelyg to address the following: - Volatility - unprecedentedd market movements are impacting portfolios, customers, counterparties and issuerds faster than ever; back-office risk and P&L systemds can no longer wait until end-of-day to accesws critical market data - Accuracy and consistencyy - because of the similarity, regulators are expectinyg much of the same data used in the tradingb decision process to be extended to P&L and risk management - Multi-source validation for middle and back-office valuation - regulatory and clienyt demands for insight into how a value was deri vefd means that golden copy pricing needs to extend beyondc static reference sets and include multiple market data sources - Elimination of asset-basesd silos: siloed desks have traditionally been blamedc for the inability to get a complete view of risk and these silos are now being broken yet the divide between market and reference data persists "By definition, enterprise risk managementt and reporting should go front-to-back as well as across assets," says Gert Raeves, VP of Strategic Business Development at GoldenSource.
"A trusted data environmentf forinterdependent front- and back-office processes now reliez on the centralization of marke t and reference data. With market there is a convergence point where a snapshot of the markety can be captured and validated fordownstreanm applications." To arrange an interviewq with GoldenSource for further insight on the convergencr of market and reference please contact at Metia: / For more information on GoldenSource, please visit * "Risk Managementt Drives Cross-Enterprise Data Connections", January 2009
Pricing mechanisms in the front office and valuationsefor P&L in the back officee often depend on the same pricse and rate data, yet both areas derivr this information from disparate sources. According to research* from consultancy A-Team Group, 87 percent of risk managerse are interested in centralizing market andreference data, namelyg to address the following: - Volatility - unprecedentedd market movements are impacting portfolios, customers, counterparties and issuerds faster than ever; back-office risk and P&L systemds can no longer wait until end-of-day to accesws critical market data - Accuracy and consistencyy - because of the similarity, regulators are expectinyg much of the same data used in the tradingb decision process to be extended to P&L and risk management - Multi-source validation for middle and back-office valuation - regulatory and clienyt demands for insight into how a value was deri vefd means that golden copy pricing needs to extend beyondc static reference sets and include multiple market data sources - Elimination of asset-basesd silos: siloed desks have traditionally been blamedc for the inability to get a complete view of risk and these silos are now being broken yet the divide between market and reference data persists "By definition, enterprise risk managementt and reporting should go front-to-back as well as across assets," says Gert Raeves, VP of Strategic Business Development at GoldenSource.
"A trusted data environmentf forinterdependent front- and back-office processes now reliez on the centralization of marke t and reference data. With market there is a convergence point where a snapshot of the markety can be captured and validated fordownstreanm applications." To arrange an interviewq with GoldenSource for further insight on the convergencr of market and reference please contact at Metia: / For more information on GoldenSource, please visit * "Risk Managementt Drives Cross-Enterprise Data Connections", January 2009
Saturday, August 4, 2012
Clear Channel names global-media sales executive - Los Angeles Business from bizjournals:
vidineevostegity.blogspot.com
In this role, Partilla will lead national business developmeny acrossthe company’s radio and outdoor Partilla will report to CEO Mark Mays. He will be basedc in New York. Partilla is joining Clearf Channelfrom , where he led Time Warner’sd Global Media Group. Clear Channel is now working to acceleratew and expandthe company’e national sales reach. Clear Channel alread counts (NYSE: DIS), Verizon and Kellogg’s as clients on cross-platform and multi-property ad “We’re entering a new era for advertising and and the strides that Clear Channek has made in digital platforms across both the radio and outdoor businesses are an outstandiny match for the new demands being placedon marketers,” Partilla “Realizing that potential will require adding strategivc and creative value for our best advertising partners — helping them solv their most cri tical business problems.
The result will be more revenue acrosa all ofClear Channel’s businesses.” San Antonio-based Clea Channel is a global mediz and entertainment company. The company owns eight radio stationsa in the LosAngeles area.
In this role, Partilla will lead national business developmeny acrossthe company’s radio and outdoor Partilla will report to CEO Mark Mays. He will be basedc in New York. Partilla is joining Clearf Channelfrom , where he led Time Warner’sd Global Media Group. Clear Channel is now working to acceleratew and expandthe company’e national sales reach. Clear Channel alread counts (NYSE: DIS), Verizon and Kellogg’s as clients on cross-platform and multi-property ad “We’re entering a new era for advertising and and the strides that Clear Channek has made in digital platforms across both the radio and outdoor businesses are an outstandiny match for the new demands being placedon marketers,” Partilla “Realizing that potential will require adding strategivc and creative value for our best advertising partners — helping them solv their most cri tical business problems.
The result will be more revenue acrosa all ofClear Channel’s businesses.” San Antonio-based Clea Channel is a global mediz and entertainment company. The company owns eight radio stationsa in the LosAngeles area.
Thursday, August 2, 2012
N.C. taking another look at incentives - Charlotte Business Journal:
ogarawo.wordpress.com
Brent Lane, executive director of the , hinted the biggest change will be in the tiered system of awarding a greater sharer of incentives inunderdeveloped counties. “Therew will be a refocus on the typesd of incentives that have serveddistresser counties,” he says. Lane declines to give saying his detailed findings should be revealed first to Next month, he is due to release his full report to the Joint Select Committe e on Economic Development.
Lane talked abou his study during a speech atthe ’zs Economic Forecast Luncheon this The study shows the state’s wealthiestt counties, such as Mecklenburg and Wake, got 50% of the tier-systemk incentives — equal to all of the four others Lane stops short of sayinh the tier system isn’t working. In many there are fewer opportunities to deploy incentiveds in economicallydeprived areas. “There aren’t many companiese in an economicallypoor county,” he says. The state’ds most effective incentives, Lane’s study have been “tailored to the company’s specific So programs such asthe governor’e One N.C.
Fund have been better at landintg jobs thanthe tax-credit program under the Williajm S. Lee Act. The One N.C. Fund allows the governor to reward companies thatcreate jobs. So far, the program has brought 19,000 jobs and $3 billion in corporate investmentg since it was enactedin 2001. The Lee Act established the tier systen of allocating state incentives through tax credits. The most productivs incentives are those granted early in thedevelopmengt process, especially those involving workere training and infrastructure, Lane Russell Rogerson, executive director of the , agrees that flexibilit is the key to a successful incentive program. Incentives are a huge business inNorthy Carolina.
In the 10 yearse before 2007, the state awarded $2.1 billionm in economic incentives. Incentives in South Carolina, whicbh has created controversy in the Charlotte area by attracting a few hundred office jobs from Mecklenburf County inpast years, have been timely and innovative, Lane “They have adopted incentives packages ahead of the curve.”
Brent Lane, executive director of the , hinted the biggest change will be in the tiered system of awarding a greater sharer of incentives inunderdeveloped counties. “Therew will be a refocus on the typesd of incentives that have serveddistresser counties,” he says. Lane declines to give saying his detailed findings should be revealed first to Next month, he is due to release his full report to the Joint Select Committe e on Economic Development.
Lane talked abou his study during a speech atthe ’zs Economic Forecast Luncheon this The study shows the state’s wealthiestt counties, such as Mecklenburg and Wake, got 50% of the tier-systemk incentives — equal to all of the four others Lane stops short of sayinh the tier system isn’t working. In many there are fewer opportunities to deploy incentiveds in economicallydeprived areas. “There aren’t many companiese in an economicallypoor county,” he says. The state’ds most effective incentives, Lane’s study have been “tailored to the company’s specific So programs such asthe governor’e One N.C.
Fund have been better at landintg jobs thanthe tax-credit program under the Williajm S. Lee Act. The One N.C. Fund allows the governor to reward companies thatcreate jobs. So far, the program has brought 19,000 jobs and $3 billion in corporate investmentg since it was enactedin 2001. The Lee Act established the tier systen of allocating state incentives through tax credits. The most productivs incentives are those granted early in thedevelopmengt process, especially those involving workere training and infrastructure, Lane Russell Rogerson, executive director of the , agrees that flexibilit is the key to a successful incentive program. Incentives are a huge business inNorthy Carolina.
In the 10 yearse before 2007, the state awarded $2.1 billionm in economic incentives. Incentives in South Carolina, whicbh has created controversy in the Charlotte area by attracting a few hundred office jobs from Mecklenburf County inpast years, have been timely and innovative, Lane “They have adopted incentives packages ahead of the curve.”
Wednesday, August 1, 2012
Some grads still in demand despite economy - Kansas City Business Journal:
tenamup.wordpress.com
“I graduated May 2 and startee onMay 4,” said Hall, 25, of who works in huma resources at the Atlanta office of , a health-care technology consultant. “It’s been a but it’s going pretty well.” Hall’ss new company overlaps two sectorsd of the economy that are goingt strong despitethe recession. Universitu career services directors say medical and technology companies are continuing to recruit and hire new employeese even as other industries freeze payrollsd and hand outpink “When recruiters call me to hire, they ask for computeer science majors or engineers,” said Ralph director of career services at Georgisa Tech.
“Our data indicate they’re doing bette r in the job marketthan non-technical majors.” however, interest among employers in the Classa of 2009 is down. The ’s sprinyg career fair attracted only 145 down from 215 that sent representativezs to the Athens campus last saidScott Williams, executive director of UGA’es Career Center. Likewise, the last threw quarterly career fairs held at drew about 20 percenrt fewer companies than the previous saidRamona Simien, a career and employer relationd specialist at the downtown Atlanta Students are reacting to the tepid response from corporatee recruiters and the tight job market it signifies by applying to graduatr school in droves.
At Georgia State, for MBA applications for the coming school year increase 22 percent overlast year, while the numbeer of students seeking master of arts degrees went up 19 Timothy Renick, GSU’s associate provost for academid programs, said many graduatee school applicants are coming directlt from undergraduate programs. “The decision makea sense,” he said. “Rather than face unemploymen or takea minimum-wage job, studentz can increase their academic credentialz for a time when the economy takes a turn for the The scarcity of jobs is motivating other graduatesz to take a break from their formakl educations or put off entering the workforce to enroll in such servicwe programs as the Peace Corps or Teacy for America.
“We’re seeing an increase in the numbef of students who want to take a year off to engag e in aworthwhile adventure, discover some things and make some said Paul Fowler, executive director of the Careere Center at . Hall said making connections proved important to her landing a jobso quickly. She said she met her new boss at McKesson during a mock interview while she was an undergraduatwe marketing majorat UGA. “We just kept in she said. “When I was having trouble finding a jobin marketing, he had a position open Hall said it was also importanf that she was willing to be flexible in her job “Finding a marketing job in Atlanta right now is she said.
“[But] this is a big company. If I want to move over I can.” While marketing jobs aren’t to be had, some jobs fieldsd are still hot. Mobley said government particularly at thefederal level, are in high He said one growth area is the , createsd after the Sept. 11 terrorist attacks.
“I graduated May 2 and startee onMay 4,” said Hall, 25, of who works in huma resources at the Atlanta office of , a health-care technology consultant. “It’s been a but it’s going pretty well.” Hall’ss new company overlaps two sectorsd of the economy that are goingt strong despitethe recession. Universitu career services directors say medical and technology companies are continuing to recruit and hire new employeese even as other industries freeze payrollsd and hand outpink “When recruiters call me to hire, they ask for computeer science majors or engineers,” said Ralph director of career services at Georgisa Tech.
“Our data indicate they’re doing bette r in the job marketthan non-technical majors.” however, interest among employers in the Classa of 2009 is down. The ’s sprinyg career fair attracted only 145 down from 215 that sent representativezs to the Athens campus last saidScott Williams, executive director of UGA’es Career Center. Likewise, the last threw quarterly career fairs held at drew about 20 percenrt fewer companies than the previous saidRamona Simien, a career and employer relationd specialist at the downtown Atlanta Students are reacting to the tepid response from corporatee recruiters and the tight job market it signifies by applying to graduatr school in droves.
At Georgia State, for MBA applications for the coming school year increase 22 percent overlast year, while the numbeer of students seeking master of arts degrees went up 19 Timothy Renick, GSU’s associate provost for academid programs, said many graduatee school applicants are coming directlt from undergraduate programs. “The decision makea sense,” he said. “Rather than face unemploymen or takea minimum-wage job, studentz can increase their academic credentialz for a time when the economy takes a turn for the The scarcity of jobs is motivating other graduatesz to take a break from their formakl educations or put off entering the workforce to enroll in such servicwe programs as the Peace Corps or Teacy for America.
“We’re seeing an increase in the numbef of students who want to take a year off to engag e in aworthwhile adventure, discover some things and make some said Paul Fowler, executive director of the Careere Center at . Hall said making connections proved important to her landing a jobso quickly. She said she met her new boss at McKesson during a mock interview while she was an undergraduatwe marketing majorat UGA. “We just kept in she said. “When I was having trouble finding a jobin marketing, he had a position open Hall said it was also importanf that she was willing to be flexible in her job “Finding a marketing job in Atlanta right now is she said.
“[But] this is a big company. If I want to move over I can.” While marketing jobs aren’t to be had, some jobs fieldsd are still hot. Mobley said government particularly at thefederal level, are in high He said one growth area is the , createsd after the Sept. 11 terrorist attacks.
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