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 |
Wednesday, August 29, 2012
A Different Kind of Concept Bike - Core77.com (blog)
torbjorntrainer1738.blogspot.com
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.”
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