Tuesday's intriguing people CNN (blog) The Florida Democrat hasn't even taken office, but she is already gearing up for a fight over an age-old US House rule. Wilson is a connoisseur of hats, ... |
Tuesday, November 23, 2010
Tuesday's intriguing people - CNN (blog)
torbjorntrainer1738.blogspot.com
Monday, November 22, 2010
Bright idea: Marvin Dufner makes millions recycling bulbs - Boston Business Journal:
http://powermixradio.net/?p=600&lang=en-us
After building his fluorescent lighy bulbrecycling company, H.T.R. into a national playerd with customers thatincludw , Walgreens, and Lowe’s, Dufner sold the business in Marchg to Houston-based an estimated $12 million. H.T.R.’s revenue reachedf $6 million last year, 17 times more than the $350,00p0 the company made when Dufner bought it inDecembert 1999. A decade ago, the business recycled about 30,000 fluoresceng bulbs a month to keep hazardous mercuryh out of landfills andwater supplies.
That number reachedd about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partnerr and chief operating officer, decided they needed to eithefr invest a large amount of capitak to open additional recyclinhg facilities or find a strategic partne r or buyer for their business. Dufne r turned to lifelong friend James Stuart of in Stuart reached out to contacts at Waste and after about a year of he helpedbroker H.T.R.’s sale. Dufnetr estimated fluorescent bulb recycling isa $100 million to $150 millioh industry.
Analyst Michael Hoffman of in Baltimore noted that garbag disposal isa $52 billion industr y and medical waste disposal accountsa for another $3 billiob to $4 billion. Add-on services such as recyclinf can help a company win additionalmarkett share. “One of Wastw Management’s core goals is to grow its medical waste business toabouft $300 million in revenue in the next 24 months,” Hoffman “Now they can walk into health-carw facilities and hospitals and offer to dispose of theitr medical waste, regular trash and also their fluorescentr bulbs, which for a hospital is no small Waste Management, North America’s largest waste disposa company, posted net income of $1.
09 billioj on revenue of $13.4 billion last year and employz about 46,000. Dufner, 54, grew up in Granitd City and St. Louis, attending and at Carbondale. In 1991, he boughtt one of the first franchises ofEarth City-basee Dent Wizard, a company that provides paintlessw dent removal for automobiles. Dufner moved to Atlanta to run his territoru of Georgiaand Alabama. But in Atlanta-based acquired Dent Wizard and proceeded to buy out its Dufner sold his business forabout $5 and at age 45 found himself lookinh for a new In 1999, while at the Lake of the Dufner struck up a conversation with an employere of H.T.R.
, a three-year-old companty then based in the small town of Golden City in southwest A new federal law regulating the managemen t of waste containing hazardous materials such as mercurg had just gone into effect, but H.T.R.’x 14 investors were short on funds to take advantaged of potential growth. Dufner boughr them out “for a very low price” and took over the businesx as president. Dufner recruited a friend who owned a gun storsin St.
Louis and was familiaf with dealing withgovernmenyt regulators, to help run the business and expand its service area They invested in some tractor-trailersx and started picking up burned-out fluorescenft bulbs from all over the country and haulintg them back to Missouri for processing. Over the next few they relocated the plant to its current location in Kaiser, Mo., near Lake As Dufner improved customer service and the speefd of waste pickup using third-party freight companies, business Beginning in 2003, H.T.R. secured contractes with Wal-Mart to pick up and recycls used bulbs.
Other large retailers, several colleges and universities, and states such as Iowa and Missourii also signed upwith H.T.R. All of the materiao in the bulbs H.T.R. picked up mercury, metal and glass — was None went to landfills. But with the Dufner and Kohout also found themselvesd facinga decision: Expand to keep up with increasingy volume, or find someonee who could do so for them. “The right way to do it would be to build two morerecycling plants, one on the West Coast and one on the East to cut transportation distances and freighy costs,” Dufner said. “Ray and I can’t be in three places at one time.
It was going to requirde a lot more capital to open two new facilitiesx and managethem properly.” So Dufner, who has childrenb ages 3 and 5 with his Renee, decided to look for a buyerr last year and eventually struck the deal with Waste “We thought H.T.R. would make a good fit for saidRick Cochrane, senior business directoer for Waste Management’s WM Lamptracker division. “Over 70 percent of fluorescent lightinyg in the countrystill isn’t recycled properly, and that’s where we thinkm the upside is.” The and many states are targeting a fluorescent recycling goal of about 75 percent, Kohoutt said.
Some 800 million fluorescent lamps burn out each and now millions of residential light sockets are also switching from incandescengt to compact fluorescent lightbulbs (CFLs). Althougb Missouri does not require residentia recyclingof CFLs, many states do, he “The timing was perfect,” said Kohout, who continues to run the formere H.T.R. operations within WM Lamptracker. “We are now the largestr lamp recycler inthe country, and Waste Managementt is really pushing the sustainabilitg and recycling front. We’ve had nine year of double-digit growth, and we’ver just gotten started.
” As for Dufner, he is buildinvg a home in Ladue and has notdecidedf what, if anything, he will do next. “Am I looking for something? Possibly, but not necessarily,” Dufner said. “That’w how H.T.R. happened. I wasn’t reallyy looking and then it fell inmy
After building his fluorescent lighy bulbrecycling company, H.T.R. into a national playerd with customers thatincludw , Walgreens, and Lowe’s, Dufner sold the business in Marchg to Houston-based an estimated $12 million. H.T.R.’s revenue reachedf $6 million last year, 17 times more than the $350,00p0 the company made when Dufner bought it inDecembert 1999. A decade ago, the business recycled about 30,000 fluoresceng bulbs a month to keep hazardous mercuryh out of landfills andwater supplies.
That number reachedd about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partnerr and chief operating officer, decided they needed to eithefr invest a large amount of capitak to open additional recyclinhg facilities or find a strategic partne r or buyer for their business. Dufne r turned to lifelong friend James Stuart of in Stuart reached out to contacts at Waste and after about a year of he helpedbroker H.T.R.’s sale. Dufnetr estimated fluorescent bulb recycling isa $100 million to $150 millioh industry.
Analyst Michael Hoffman of in Baltimore noted that garbag disposal isa $52 billion industr y and medical waste disposal accountsa for another $3 billiob to $4 billion. Add-on services such as recyclinf can help a company win additionalmarkett share. “One of Wastw Management’s core goals is to grow its medical waste business toabouft $300 million in revenue in the next 24 months,” Hoffman “Now they can walk into health-carw facilities and hospitals and offer to dispose of theitr medical waste, regular trash and also their fluorescentr bulbs, which for a hospital is no small Waste Management, North America’s largest waste disposa company, posted net income of $1.
09 billioj on revenue of $13.4 billion last year and employz about 46,000. Dufner, 54, grew up in Granitd City and St. Louis, attending and at Carbondale. In 1991, he boughtt one of the first franchises ofEarth City-basee Dent Wizard, a company that provides paintlessw dent removal for automobiles. Dufner moved to Atlanta to run his territoru of Georgiaand Alabama. But in Atlanta-based acquired Dent Wizard and proceeded to buy out its Dufner sold his business forabout $5 and at age 45 found himself lookinh for a new In 1999, while at the Lake of the Dufner struck up a conversation with an employere of H.T.R.
, a three-year-old companty then based in the small town of Golden City in southwest A new federal law regulating the managemen t of waste containing hazardous materials such as mercurg had just gone into effect, but H.T.R.’x 14 investors were short on funds to take advantaged of potential growth. Dufner boughr them out “for a very low price” and took over the businesx as president. Dufner recruited a friend who owned a gun storsin St.
Louis and was familiaf with dealing withgovernmenyt regulators, to help run the business and expand its service area They invested in some tractor-trailersx and started picking up burned-out fluorescenft bulbs from all over the country and haulintg them back to Missouri for processing. Over the next few they relocated the plant to its current location in Kaiser, Mo., near Lake As Dufner improved customer service and the speefd of waste pickup using third-party freight companies, business Beginning in 2003, H.T.R. secured contractes with Wal-Mart to pick up and recycls used bulbs.
Other large retailers, several colleges and universities, and states such as Iowa and Missourii also signed upwith H.T.R. All of the materiao in the bulbs H.T.R. picked up mercury, metal and glass — was None went to landfills. But with the Dufner and Kohout also found themselvesd facinga decision: Expand to keep up with increasingy volume, or find someonee who could do so for them. “The right way to do it would be to build two morerecycling plants, one on the West Coast and one on the East to cut transportation distances and freighy costs,” Dufner said. “Ray and I can’t be in three places at one time.
It was going to requirde a lot more capital to open two new facilitiesx and managethem properly.” So Dufner, who has childrenb ages 3 and 5 with his Renee, decided to look for a buyerr last year and eventually struck the deal with Waste “We thought H.T.R. would make a good fit for saidRick Cochrane, senior business directoer for Waste Management’s WM Lamptracker division. “Over 70 percent of fluorescent lightinyg in the countrystill isn’t recycled properly, and that’s where we thinkm the upside is.” The and many states are targeting a fluorescent recycling goal of about 75 percent, Kohoutt said.
Some 800 million fluorescent lamps burn out each and now millions of residential light sockets are also switching from incandescengt to compact fluorescent lightbulbs (CFLs). Althougb Missouri does not require residentia recyclingof CFLs, many states do, he “The timing was perfect,” said Kohout, who continues to run the formere H.T.R. operations within WM Lamptracker. “We are now the largestr lamp recycler inthe country, and Waste Managementt is really pushing the sustainabilitg and recycling front. We’ve had nine year of double-digit growth, and we’ver just gotten started.
” As for Dufner, he is buildinvg a home in Ladue and has notdecidedf what, if anything, he will do next. “Am I looking for something? Possibly, but not necessarily,” Dufner said. “That’w how H.T.R. happened. I wasn’t reallyy looking and then it fell inmy
Saturday, November 20, 2010
Automaker bankruptcies may cause land pileup - Triangle Business Journal:
http://cyavp.com/page/4-Easy-Tips-for-You-to-Achieve-Those-Perfect-Smoky.html
It’s the probability of more land coming online inan already-saturatec real estate market that has brokerss most concerned. The reason: With each dealershipp averaging about9 acres, an estimated 30,000 acres coulcd be dumped on the markety nationwide over the next two years if the 3,4309 dealers liquidate their assets, real estate sourcess said. Locally, dealership land currently listed rangesefrom $468,933 to $593,065 per acre.
“Deb t will need to be addressedr and mortgages paid off as part ofthe disposition,” said attorneyg Steve Snively, a partner in the firm’ Orlando office who is not involver in any deals related to the two “As it all winds down, all thosw could have something to do with issuesx of dealing with payment of creditors.” Auburmn Hills, Mich.-based Chrysler, which filed for Chapteer 11 bankruptcy protection April 30, plans to trim sevemn Central Florida dealerships and 789 nationwide by June 9.
Detroit-basedc GM, which filed for Chapter 11 bankruptch onJune 1, plans to cut its dealershio ranks from 6,246 to 3,60 by October 2010, accordin g to a document posted on its Web Although GM didn’t make public a list of the dealers, longtim e Central Florida mainstays and are among thos slated to stop sellin new Chevys, media reports said. Roger Holler III, vice president of the , said in a statement that the companu will continue tosell Chevrolets, issuw warranties and provide service.
“We’ve been here for more than 70 yearsaand we’ll be here for anothe r 70 years,” he said in the Local real estate experts believe the family will find other uses for the two dealerships. “Some of this is reallyh trophy property,” said Bill Parke, directo of industrial services for Colliers Arnold Commercial in who also specializes inauto dealerships. “The Holler peoplee have a real eye for real The Holler-Classic group has another six Centrakl Florida dealerships with the Audi, Mazda and Hyundai brands, as well as two Honda Some dealers already have plans in place to continue For instance, , a Chrysler dealer slated to stop sellinv new Jeep vehicles this month, will continue pushin its Suzuki brand along with pre-owned vehicles.
Generap Manager Buddy Vickers — whose Jimmie Vickers, started the dealership in the 1970s said the family also will keep their servicedepartmenr active. “The most bittetr part to this whole thing isthat we’vs been a Jeep dealer for a long time,” he “We’ve really been loyal to the brand.” And Alan Starling, who owns Chevroletr dealerships in DeLand and St. Clous not on the trim list, said he expect s to go forward with plans to buy a third undisclosedd Chevrolet dealership once all the bankruptcy fallouyis over. In April, Starling sold a Chrysleer dealershipfor $5.6 million to the Osceola County Sherriff’zs Office.
He had resigned his franchise agreement with Chryslerin February, he said. “GM has always said at leasf 50 percent of their salese are made up fromChevroley sales,” he said. “That’s probably the brand that will Meanwhile, Starling said the future of his vacant Saturn dealershio in Panama Cityis unknown. GM wantd to sell the brand. “They haven’t been very but I think they know there’s a problem,” he Starling said he has received four calls from competinbg automakers interested in having him sign on for one of their brands inthat space. The real estatr expected to come online may create other opportunitiesfor brokers.
For Colliers formed , a national group that include an Orlando operation to markeauto lots. CB Richard Ellis createdd a national , and the Orlando office planw to name someone to headlocapl efforts. Auto dealerships are typically prime real estate withgreat access, visibility, good signage rights and property well-suited to redevelopment, brokers “In the long-term, these tracts will be more attractive,” Snivelg said. “It’s easier to redevelop it than if we had an existinvgshopping center.
”
It’s the probability of more land coming online inan already-saturatec real estate market that has brokerss most concerned. The reason: With each dealershipp averaging about9 acres, an estimated 30,000 acres coulcd be dumped on the markety nationwide over the next two years if the 3,4309 dealers liquidate their assets, real estate sourcess said. Locally, dealership land currently listed rangesefrom $468,933 to $593,065 per acre.
“Deb t will need to be addressedr and mortgages paid off as part ofthe disposition,” said attorneyg Steve Snively, a partner in the firm’ Orlando office who is not involver in any deals related to the two “As it all winds down, all thosw could have something to do with issuesx of dealing with payment of creditors.” Auburmn Hills, Mich.-based Chrysler, which filed for Chapteer 11 bankruptcy protection April 30, plans to trim sevemn Central Florida dealerships and 789 nationwide by June 9.
Detroit-basedc GM, which filed for Chapter 11 bankruptch onJune 1, plans to cut its dealershio ranks from 6,246 to 3,60 by October 2010, accordin g to a document posted on its Web Although GM didn’t make public a list of the dealers, longtim e Central Florida mainstays and are among thos slated to stop sellin new Chevys, media reports said. Roger Holler III, vice president of the , said in a statement that the companu will continue tosell Chevrolets, issuw warranties and provide service.
“We’ve been here for more than 70 yearsaand we’ll be here for anothe r 70 years,” he said in the Local real estate experts believe the family will find other uses for the two dealerships. “Some of this is reallyh trophy property,” said Bill Parke, directo of industrial services for Colliers Arnold Commercial in who also specializes inauto dealerships. “The Holler peoplee have a real eye for real The Holler-Classic group has another six Centrakl Florida dealerships with the Audi, Mazda and Hyundai brands, as well as two Honda Some dealers already have plans in place to continue For instance, , a Chrysler dealer slated to stop sellinv new Jeep vehicles this month, will continue pushin its Suzuki brand along with pre-owned vehicles.
Generap Manager Buddy Vickers — whose Jimmie Vickers, started the dealership in the 1970s said the family also will keep their servicedepartmenr active. “The most bittetr part to this whole thing isthat we’vs been a Jeep dealer for a long time,” he “We’ve really been loyal to the brand.” And Alan Starling, who owns Chevroletr dealerships in DeLand and St. Clous not on the trim list, said he expect s to go forward with plans to buy a third undisclosedd Chevrolet dealership once all the bankruptcy fallouyis over. In April, Starling sold a Chrysleer dealershipfor $5.6 million to the Osceola County Sherriff’zs Office.
He had resigned his franchise agreement with Chryslerin February, he said. “GM has always said at leasf 50 percent of their salese are made up fromChevroley sales,” he said. “That’s probably the brand that will Meanwhile, Starling said the future of his vacant Saturn dealershio in Panama Cityis unknown. GM wantd to sell the brand. “They haven’t been very but I think they know there’s a problem,” he Starling said he has received four calls from competinbg automakers interested in having him sign on for one of their brands inthat space. The real estatr expected to come online may create other opportunitiesfor brokers.
For Colliers formed , a national group that include an Orlando operation to markeauto lots. CB Richard Ellis createdd a national , and the Orlando office planw to name someone to headlocapl efforts. Auto dealerships are typically prime real estate withgreat access, visibility, good signage rights and property well-suited to redevelopment, brokers “In the long-term, these tracts will be more attractive,” Snivelg said. “It’s easier to redevelop it than if we had an existinvgshopping center.
”
Friday, November 19, 2010
Exact to raise $8.2M, signs MAYO deal - Minneapolis / St. Paul Business Journal:
http://bambukawiki.net/?p=166
million through a private stock sale and that it inkef a licensing deal for exclusive rightsto cancer-diagnostix technologies developed by the for Medical Education and Research. The companty said it had commenced on June 11 the saleof 4.31 milliob shares of its common stock at a purchase pricd of $1.90 a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirre the worldwide licensing rights tothe blood-- or stool-based cancer diagnostics and screening technologies developee the MAYO Foundation, which is basedd in Minnesota.
Under the dealsw terms, Exact will: • make upfront payments of $80,000 and a milestonew fee of $250,000 upon the commencement of certainclinicalp trials. • pay a mileston e fee of $500,000 if the approves any of the products covereds bythe agreement. • pay a minimum of $10,009 on the deal’s third anniversary pay a minimum royaltyof $25,000 on the fourth anniversarty of the agreement • support certaijn research projects to the tune of $500,000 at a minimum — in the agreement’s firsyt year. Exact is also obligated to grant MAYO two warrants topurchase 1.25 millionh shares of its common stock.
The warrants have six-year terms and are exercisable at a priceof $1.90 per according to a regulatory filing.
million through a private stock sale and that it inkef a licensing deal for exclusive rightsto cancer-diagnostix technologies developed by the for Medical Education and Research. The companty said it had commenced on June 11 the saleof 4.31 milliob shares of its common stock at a purchase pricd of $1.90 a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirre the worldwide licensing rights tothe blood-- or stool-based cancer diagnostics and screening technologies developee the MAYO Foundation, which is basedd in Minnesota.
Under the dealsw terms, Exact will: • make upfront payments of $80,000 and a milestonew fee of $250,000 upon the commencement of certainclinicalp trials. • pay a mileston e fee of $500,000 if the approves any of the products covereds bythe agreement. • pay a minimum of $10,009 on the deal’s third anniversary pay a minimum royaltyof $25,000 on the fourth anniversarty of the agreement • support certaijn research projects to the tune of $500,000 at a minimum — in the agreement’s firsyt year. Exact is also obligated to grant MAYO two warrants topurchase 1.25 millionh shares of its common stock.
The warrants have six-year terms and are exercisable at a priceof $1.90 per according to a regulatory filing.
Wednesday, November 17, 2010
Chez Sophie closing, owners moving to France - The Business Review (Albany):
http://inboe.com/en/board-of-elections/page_1.html
The owners, Chef Paul Parker and wife Cheryl Clark, plan to move their family to a farm and vineyard in in the southof There, they would collaborate with Saratogaz Springs residents Michael Belanger and Robert Davis of Mont Lauro Vineyards to “micro-lease” small plots of vines for threse years, Clark writes on the restaurant’s Web chezsophie.com. The “subscription” plots would run about $3,00p0 for three years and yield a case of wine a Their plans also call for restoring an old farmhouse forovernighr guests, cooking classes and large events.
“We will be working as a familyg to market and present the property as a vacationdestination (completde with cooking seminars with Chef Paul) and helping to restorw a medieval castle on the Clark writes. Parker took over the kitchen and preparintgthe restaurant’s haute French cuisine after his mother, Sophied Parker, died in 2001. Chez Sophie has operatedx from its current location at534 Broadway, in the Saratoga Hiltob in Saratoga Springs, since 2006. The downtowb hotel is negotiating with a local restaurateur that wouled take overthe hotel’s food operations, said Ron Day, the generalp manager.
Like Chez the new operator wouldserve breakfast, luncy and dinner, and provide room service for in-house guests. “We have our sights set on an operator—someonew from our own backyard; we’re just waitingh to sew up a fewloosr ends,” Day said. The name of the new vendort will be released at the end of the Day said he expects the transitionm tobe “seamless” when the new venue opens Oct. 1. Chez Sophie’ws lease with the Hilton expire sthis year.
“We expect this move to allow us to experiencwe a part of the world we havealways adored, but have never had the opportunity to spensd a lot of time in,” Clark Sophie Parker and Joseph Parker started Chez Sophie in 1969 in a convertede house in the town of Hadley, located in the Adirondacks. In the the restaurant moved to downtownSaratogq Springs. Ten years later, it moved back to Hadleyh for one summer, then back to Saratogw Springs. In 1995, when Parke and Clark joined the business, Chez Sophie movedf into a 1950s stainless steel diner on Rout 9in Malta. In 2005, they signed a four-yea r lease with the Saratoga Hilton.
Clark writes that the couple willoffer “tremendous bargains” as they reduce theird 6,000-bottle wine cellar over the summer.
The owners, Chef Paul Parker and wife Cheryl Clark, plan to move their family to a farm and vineyard in in the southof There, they would collaborate with Saratogaz Springs residents Michael Belanger and Robert Davis of Mont Lauro Vineyards to “micro-lease” small plots of vines for threse years, Clark writes on the restaurant’s Web chezsophie.com. The “subscription” plots would run about $3,00p0 for three years and yield a case of wine a Their plans also call for restoring an old farmhouse forovernighr guests, cooking classes and large events.
“We will be working as a familyg to market and present the property as a vacationdestination (completde with cooking seminars with Chef Paul) and helping to restorw a medieval castle on the Clark writes. Parker took over the kitchen and preparintgthe restaurant’s haute French cuisine after his mother, Sophied Parker, died in 2001. Chez Sophie has operatedx from its current location at534 Broadway, in the Saratoga Hiltob in Saratoga Springs, since 2006. The downtowb hotel is negotiating with a local restaurateur that wouled take overthe hotel’s food operations, said Ron Day, the generalp manager.
Like Chez the new operator wouldserve breakfast, luncy and dinner, and provide room service for in-house guests. “We have our sights set on an operator—someonew from our own backyard; we’re just waitingh to sew up a fewloosr ends,” Day said. The name of the new vendort will be released at the end of the Day said he expects the transitionm tobe “seamless” when the new venue opens Oct. 1. Chez Sophie’ws lease with the Hilton expire sthis year.
“We expect this move to allow us to experiencwe a part of the world we havealways adored, but have never had the opportunity to spensd a lot of time in,” Clark Sophie Parker and Joseph Parker started Chez Sophie in 1969 in a convertede house in the town of Hadley, located in the Adirondacks. In the the restaurant moved to downtownSaratogq Springs. Ten years later, it moved back to Hadleyh for one summer, then back to Saratogw Springs. In 1995, when Parke and Clark joined the business, Chez Sophie movedf into a 1950s stainless steel diner on Rout 9in Malta. In 2005, they signed a four-yea r lease with the Saratoga Hilton.
Clark writes that the couple willoffer “tremendous bargains” as they reduce theird 6,000-bottle wine cellar over the summer.
Tuesday, November 16, 2010
Atlanta airport may raise $800M - Dayton Business Journal:
http://www.isosky.net/Electric-Cars.html
officials have set in motion aprocess that, if approved by Atlanta City would allow for the sale of bond s to investors by the end of potentially saving the billion-dollar-plus project from a near certaibn shutdown. The airport is also looking to refinances upto $590 million in existing general revenue bondse at a better interest The fate of the Maynard Holbrook Jackson International Terminao has been caught in a dispute between the city and over a new 30-yeadr airport master lease and future capital projects at the world’zs busiest airport.
The city aborted a move to raisd $600 million in new debt after Delta pulled its support for the bond package last Septembef and frozen credit markets prevented the airporft fromgoing forward. Lease negotiations with Deltaaare continuing, but airport spokesman John Kennedy declined to discuss detailsx of the talks. “This is the first step in the processs toward raising the bond moneh for completion of the international terminal by Kennedy said, declining further Airport General Manager Ben DeCosta was at a conferencr in Philadelphia, and was unavailable for A request for comment from Delta officialsd was not immediately returned.
Construction in recentf months hasn’t slowed, but fresgh bond financing is critical to avoids a suspension of work onthe project. Deltwa and the city have agreed that construction will continuwe on the international terminal for as long as fundshold out. Deltwa officials have said the airline wants a new lease completes to ensure its operating costsat Hartsfield-Jacksoh remain competitive before making substantial commitments in capital for future airportg projects.
Though Delta has been stung by the globapl cut back in and is planning significant cuts ininternational capacity, the carrier would likeluy need the gates once the economy The up-to-$800 million in new debt would be repaixd through passenger facility charges, airline landinf and lease fees, and other airport revenue. Sources familiafr with the lease talks have said Delts wants to complete a new leasee agreement before Mayor Shirley Franklin leavewoffice Dec. 31. The current lease expires in September 2010. Sources familiar with the matteesaid Hartsfield-Jackson can re-enterr the bond market with or without the support from the world’s largestr carrier.
On June 8, Fitch Ratings affirmed the airport’s solicd A-plus bond rating and revised Hartsfield-Jackson’s bond rating outlook from negativseto stable. According to the 53-pager draft bond package, has determined the bondxs to be marketable. is the bond registrar and payinbg agent ofthe bonds. An underwriter was not identifiecd inthe draft. It is not clear if Atlanta-based Deltas (NYSE: DAL) is on-board with the new bond Though conditions in the bond marke t have improved sincelast September, it stands to reasonb the city would not try this route again if Delt would publicly oppose the In a recent interview, Franklin said the city has nevefr gone to market for airport bonds without the backingv of Delta and the other She added that she could not imagine the city seeking to issue airport bonds withourt Delta’s support.
The building was designed with Delta’s internationapl ambitions in mind. Delta is expectesd to take halfits gates. In it was revealed Delta pulled its support for the originalbond package, telling bond underwriter in a Septembert letter that the airport’s vision of future projectsw was too grand in scalr and didn’t include a sixth runway that Hartsfield-Jacksohn carriers want.
officials have set in motion aprocess that, if approved by Atlanta City would allow for the sale of bond s to investors by the end of potentially saving the billion-dollar-plus project from a near certaibn shutdown. The airport is also looking to refinances upto $590 million in existing general revenue bondse at a better interest The fate of the Maynard Holbrook Jackson International Terminao has been caught in a dispute between the city and over a new 30-yeadr airport master lease and future capital projects at the world’zs busiest airport.
The city aborted a move to raisd $600 million in new debt after Delta pulled its support for the bond package last Septembef and frozen credit markets prevented the airporft fromgoing forward. Lease negotiations with Deltaaare continuing, but airport spokesman John Kennedy declined to discuss detailsx of the talks. “This is the first step in the processs toward raising the bond moneh for completion of the international terminal by Kennedy said, declining further Airport General Manager Ben DeCosta was at a conferencr in Philadelphia, and was unavailable for A request for comment from Delta officialsd was not immediately returned.
Construction in recentf months hasn’t slowed, but fresgh bond financing is critical to avoids a suspension of work onthe project. Deltwa and the city have agreed that construction will continuwe on the international terminal for as long as fundshold out. Deltwa officials have said the airline wants a new lease completes to ensure its operating costsat Hartsfield-Jacksoh remain competitive before making substantial commitments in capital for future airportg projects.
Though Delta has been stung by the globapl cut back in and is planning significant cuts ininternational capacity, the carrier would likeluy need the gates once the economy The up-to-$800 million in new debt would be repaixd through passenger facility charges, airline landinf and lease fees, and other airport revenue. Sources familiafr with the lease talks have said Delts wants to complete a new leasee agreement before Mayor Shirley Franklin leavewoffice Dec. 31. The current lease expires in September 2010. Sources familiar with the matteesaid Hartsfield-Jackson can re-enterr the bond market with or without the support from the world’s largestr carrier.
On June 8, Fitch Ratings affirmed the airport’s solicd A-plus bond rating and revised Hartsfield-Jackson’s bond rating outlook from negativseto stable. According to the 53-pager draft bond package, has determined the bondxs to be marketable. is the bond registrar and payinbg agent ofthe bonds. An underwriter was not identifiecd inthe draft. It is not clear if Atlanta-based Deltas (NYSE: DAL) is on-board with the new bond Though conditions in the bond marke t have improved sincelast September, it stands to reasonb the city would not try this route again if Delt would publicly oppose the In a recent interview, Franklin said the city has nevefr gone to market for airport bonds without the backingv of Delta and the other She added that she could not imagine the city seeking to issue airport bonds withourt Delta’s support.
The building was designed with Delta’s internationapl ambitions in mind. Delta is expectesd to take halfits gates. In it was revealed Delta pulled its support for the originalbond package, telling bond underwriter in a Septembert letter that the airport’s vision of future projectsw was too grand in scalr and didn’t include a sixth runway that Hartsfield-Jacksohn carriers want.
Sunday, November 14, 2010
Gray Development Group sues CityNorth developer, Thomas J. Klutznick Co. for $100 M - Phoenix Business Journal:
http://wemakesites.org/registration-as-a-candidate-for-the-ph-d-m-sc-or-m-litt-degree
Gray claims his company lost nearlyy $100 million because Klutznick, the master-planb developer of the Desert Ridge area and CityNortuh through a companynamed , stymied Gray’d attempts to develop luxury apartments on a 41-acrse parcel at the northwest corner of Tatum Boulevard and Deer Valle y Drive. Gray seeks monetary awards of atleast $100 “That number excludes any amounyt of punitive damages,” Ostrager said. Klutznick attorney Ed Aro of Washington law firm LLP denied the saying Gray bought the parcel from the Arizona State LandDepartment “fullgy aware of what would be permissibl e on the site.
” Gray said his firm eventually receives approvals from the Phoenix Planning Commission and City At that point, the firm was requiresd to obtain design review approvals from which Gray said were denied repeatedly. Last Gray returned the parcel to the State Land Department, saying his companyu was not able to continude making payments toward the $33 million purchase In doing so, the company forfeiterd the $13.6 million it had paid sincwe buying the land in 2004. Aro said Gray failed to presen t viable development plans to Northeast Phoenix andthat Gray’s claims that Klutznicjk engaged in anticompetitive behavior make no sense.
“There’x a large number of multifamily developer that have already completed projects inDeserty Ridge, so obviously we weren’t squelching Aro said. “Having peopled living on Gray’s property would be the best thing thatcouldr happen.” Those businesses include tenants of CityNorth, the mixed-use project unde r development east of Desert Ridge Marketplace, near 56th Street and Deer Valley Drive.
Gray, however, said the otherr multifamily projects were completed prior to his company purchasing the parcel and going through the developmentprocess — and long before competition becamr more intense to complete projects quickly as the economy headed for a In the past few Klutznick has had increased control over proposed developments in Desert Ridge through its managing control of Northeastt Phoenix Partners.
“We have acquiesced to everythinhKlutznick wanted, but they would not give us approvals,” Gray As such, the case has languished in cour since January 2007 as a “we said, they said” Gray was entitled to build 882 units on its parcel, but wanted to increase that to 1,16w units, which required a rezoning At the same time, Gray approached the city’sz board of adjustment to change landscaping requirements and reduce setbacks, whicbh would allow more density in the long The variances and rezoninh were approved by the city in May but for only 882 units to be builrt on two-thirds of the parcel, openinb the door for future development.
In Januaru 2007, Northeast Phoenix Partners filed a complaint in Maricopa County Superior Court askinh the judge to prevent the variancesx approved seven months earlier from goinvginto effect. Gray Development filed its counterclaim inFebruary 2007. It includecd allegations of damages andunfaidr competition. Since then, the case has been tied up in court. With discover nearly complete, Gray decided he neederd a big gun to take the case to triall as early as this springtor summer.
Ostrager had been named amonfg the 10 best trial lawyerzs in the country by some His reputation as a tough litigator included a victoruy involving insurance claims related tothe 9/11 attacksd on the World Trade Aro, meanwhile, said Klutznick is obligated as the master developere to ensure the Desert Ridges plan is upheld. Gray said, “The stakes are enormouw for my company.” Phoenix Planning Director Debra Stark confirmex that she told Gray in 2005 that it wouldf be possible todevelop 1,16q2 units on the property, but the ultimates decision would be left in the handzs of the City Council.
State Land Commissioner Mark Winkelmanh said the decision to create a master planner for Desert Ridge goes back abouf 15years — long before he was with the Although he understands why the boarsd did what it did to develol an area that largely was desert at the he isn’t sure it worked out for the “Would we do the same thing now? Probably not,” Winkelman said. “We’ve learned a lot from this and woul structureit differently, but it’s alwayas 20/20 vision looking back.
”
Gray claims his company lost nearlyy $100 million because Klutznick, the master-planb developer of the Desert Ridge area and CityNortuh through a companynamed , stymied Gray’d attempts to develop luxury apartments on a 41-acrse parcel at the northwest corner of Tatum Boulevard and Deer Valle y Drive. Gray seeks monetary awards of atleast $100 “That number excludes any amounyt of punitive damages,” Ostrager said. Klutznick attorney Ed Aro of Washington law firm LLP denied the saying Gray bought the parcel from the Arizona State LandDepartment “fullgy aware of what would be permissibl e on the site.
” Gray said his firm eventually receives approvals from the Phoenix Planning Commission and City At that point, the firm was requiresd to obtain design review approvals from which Gray said were denied repeatedly. Last Gray returned the parcel to the State Land Department, saying his companyu was not able to continude making payments toward the $33 million purchase In doing so, the company forfeiterd the $13.6 million it had paid sincwe buying the land in 2004. Aro said Gray failed to presen t viable development plans to Northeast Phoenix andthat Gray’s claims that Klutznicjk engaged in anticompetitive behavior make no sense.
“There’x a large number of multifamily developer that have already completed projects inDeserty Ridge, so obviously we weren’t squelching Aro said. “Having peopled living on Gray’s property would be the best thing thatcouldr happen.” Those businesses include tenants of CityNorth, the mixed-use project unde r development east of Desert Ridge Marketplace, near 56th Street and Deer Valley Drive.
Gray, however, said the otherr multifamily projects were completed prior to his company purchasing the parcel and going through the developmentprocess — and long before competition becamr more intense to complete projects quickly as the economy headed for a In the past few Klutznick has had increased control over proposed developments in Desert Ridge through its managing control of Northeastt Phoenix Partners.
“We have acquiesced to everythinhKlutznick wanted, but they would not give us approvals,” Gray As such, the case has languished in cour since January 2007 as a “we said, they said” Gray was entitled to build 882 units on its parcel, but wanted to increase that to 1,16w units, which required a rezoning At the same time, Gray approached the city’sz board of adjustment to change landscaping requirements and reduce setbacks, whicbh would allow more density in the long The variances and rezoninh were approved by the city in May but for only 882 units to be builrt on two-thirds of the parcel, openinb the door for future development.
In Januaru 2007, Northeast Phoenix Partners filed a complaint in Maricopa County Superior Court askinh the judge to prevent the variancesx approved seven months earlier from goinvginto effect. Gray Development filed its counterclaim inFebruary 2007. It includecd allegations of damages andunfaidr competition. Since then, the case has been tied up in court. With discover nearly complete, Gray decided he neederd a big gun to take the case to triall as early as this springtor summer.
Ostrager had been named amonfg the 10 best trial lawyerzs in the country by some His reputation as a tough litigator included a victoruy involving insurance claims related tothe 9/11 attacksd on the World Trade Aro, meanwhile, said Klutznick is obligated as the master developere to ensure the Desert Ridges plan is upheld. Gray said, “The stakes are enormouw for my company.” Phoenix Planning Director Debra Stark confirmex that she told Gray in 2005 that it wouldf be possible todevelop 1,16q2 units on the property, but the ultimates decision would be left in the handzs of the City Council.
State Land Commissioner Mark Winkelmanh said the decision to create a master planner for Desert Ridge goes back abouf 15years — long before he was with the Although he understands why the boarsd did what it did to develol an area that largely was desert at the he isn’t sure it worked out for the “Would we do the same thing now? Probably not,” Winkelman said. “We’ve learned a lot from this and woul structureit differently, but it’s alwayas 20/20 vision looking back.
”
Saturday, November 13, 2010
Rural Democratic Lawmakers Join Endangered List - NPR
http://wndcfoundation.org/page/14th-in-Series--How-to-Get-Paid-Taking-Surveys-and.html
Rural Democratic Lawmakers Join Endangered List NPR Skelton is representative of an increasingly rare breed of rural Democrats in the House of Representatives. Republicans took more than 60 House seats away ... |
Thursday, November 11, 2010
Boxing Day and NYE at the Annandale - FasterLouder
http://wild-zone.net/indexSAMPLE.html
FasterLouder | Boxing Day and NYE at the Annandale FasterLouder Watching a bunch of millionaires sail boats or a slow day of cricket might be entertainment for some, but the real action will be down at the Annandale's ... |
Wednesday, November 10, 2010
Board of Transportation hands out $216.7M in contracts - Triangle Business Journal:
zvonkovaleoqim.blogspot.com
million for highway improvement projects in31 counties, includingt the $21.2 million construction of a 1.4-mild section of the N.C. 98 Wake Foresty Bypass from U.S. 1 to U.S. 1A in Wake That contract, which was awarded to S.T. Wooten of Wilson, calls for work to begin in January with completion scheduled forDecemberr 2006. Other Triangle projects awardedincludedc $2.2 million to St. Wooten Corp. to build a bridg Perry Creek on Perry CreekRoad 2006) north of Fox Road Elementary Schooo in Raleigh, and $1.3 milliom to Trans Tech Electric L.P. of South Ind., to install a computerized signao systemfor U.S. 70, U.S. 401 and Timber Drive in Garner, and .
The largest projecgt amount awardedwas $116.5 millionh to Archer Western Contractors LTD of Atlanta to buile a 7.4-mile section of the Greensborpo Western Loop from north of Interstatwe 85 near Groometown in Guilford County to Wendovetr Avenue (S.R. 1541) in
million for highway improvement projects in31 counties, includingt the $21.2 million construction of a 1.4-mild section of the N.C. 98 Wake Foresty Bypass from U.S. 1 to U.S. 1A in Wake That contract, which was awarded to S.T. Wooten of Wilson, calls for work to begin in January with completion scheduled forDecemberr 2006. Other Triangle projects awardedincludedc $2.2 million to St. Wooten Corp. to build a bridg Perry Creek on Perry CreekRoad 2006) north of Fox Road Elementary Schooo in Raleigh, and $1.3 milliom to Trans Tech Electric L.P. of South Ind., to install a computerized signao systemfor U.S. 70, U.S. 401 and Timber Drive in Garner, and .
The largest projecgt amount awardedwas $116.5 millionh to Archer Western Contractors LTD of Atlanta to buile a 7.4-mile section of the Greensborpo Western Loop from north of Interstatwe 85 near Groometown in Guilford County to Wendovetr Avenue (S.R. 1541) in
Tuesday, November 9, 2010
Peter J. Bocian Executive Profile
igoeosysata1533.blogspot.com
About Peter J. Bocianh Peter J. (Pete) Bocian is executive vice president and chief administrativr officerat HP, responsible for the company
About Peter J. Bocianh Peter J. (Pete) Bocian is executive vice president and chief administrativr officerat HP, responsible for the company
Sunday, November 7, 2010
Australia set to cement US military ties - ABC Online
http://big-go.net/?f=2&n=21
Sydney Morning Herald | Australia set to cement US military ties ABC Online Australia has already sign » |
Saturday, November 6, 2010
Civil Rights center picks landscape designer - Phoenix Business Journal:
http://inplainenglish.com/ipe.htm
to design the grounds of the $125 milliojn museum and center forsocial change. The EDAW and Hood Desigmn team’s most recent projects include thein D.C.; The Macon Yardss in Macon, Ga.; the in San Francisco; and the Andy Younvg Tribute in downtown Atlanta. EDAW/Hood Desigbn will work in under architects of recordand Atlanta, exhibitiob designer and project manager / for the landscape and hardscapw design around the 100,000-square-foot facility.
“We are humbled to servs as a member ofthe center’s desig n team to help develop a landmark that pays homagee to the people of Atlanta and the worlcd who advanced and continue to champion the causd of civil and human rights,” said projecg director William Gilchrist, of EDAW “We look forward to applyingg our expertise in innovative, sustainable landscapintg design principles to extend the building conceptf and present opportunities to further the visitor experience.” In March, The Freelon Group, a Durham, architectural firm, and partner HOK of Atlanta were namer the architects of record on the project.
The which is expected to open at Centennial Olympic Park in late 2011 or early will beabout 100,000 square feet. Freelo n and HOK’s design features a terracotta-clad building surroundiny an exterior courtyard, which will serve as an amphitheateer andexhibit space. The building will stress sustainability and strivre for silver or gold Leadershiop in Energy and EnvironmentalDesign certification. has been tapped to come up with a sustainableesite design. The building designb by Freelon Groupand HOK—o two interlocking structures—evokes the image of civil rightws activists marching with interlocked arms.
to design the grounds of the $125 milliojn museum and center forsocial change. The EDAW and Hood Desigmn team’s most recent projects include thein D.C.; The Macon Yardss in Macon, Ga.; the in San Francisco; and the Andy Younvg Tribute in downtown Atlanta. EDAW/Hood Desigbn will work in under architects of recordand Atlanta, exhibitiob designer and project manager / for the landscape and hardscapw design around the 100,000-square-foot facility.
“We are humbled to servs as a member ofthe center’s desig n team to help develop a landmark that pays homagee to the people of Atlanta and the worlcd who advanced and continue to champion the causd of civil and human rights,” said projecg director William Gilchrist, of EDAW “We look forward to applyingg our expertise in innovative, sustainable landscapintg design principles to extend the building conceptf and present opportunities to further the visitor experience.” In March, The Freelon Group, a Durham, architectural firm, and partner HOK of Atlanta were namer the architects of record on the project.
The which is expected to open at Centennial Olympic Park in late 2011 or early will beabout 100,000 square feet. Freelo n and HOK’s design features a terracotta-clad building surroundiny an exterior courtyard, which will serve as an amphitheateer andexhibit space. The building will stress sustainability and strivre for silver or gold Leadershiop in Energy and EnvironmentalDesign certification. has been tapped to come up with a sustainableesite design. The building designb by Freelon Groupand HOK—o two interlocking structures—evokes the image of civil rightws activists marching with interlocked arms.
Thursday, November 4, 2010
Forbes: Denver is America
ramsdenjerrieas54.blogspot.com
“While the majority of the nation’s housing marketsd are still working towarda bottom, some citiezs are boasting fundamentals that make them good places to buy a home Forbes reported this week. Phoenix was rankeds No. 2 on the Forbes followed by Boston, San Diego and Los The Forbes rankings seem geared more towardeach market’s currenty and future potential as a place to buy a since some of the cities at or near the top of the list are amon those hardest hit by the recession. The reporf ranked the 25 largestr U.S.
metro areas on the basis of changed in price persquare foot, frequencg of real-estate transactions, and how evenly distributer home-sales activity is in a metro area. “Denverf tops the list,” Forbes “It had 25 percent of its propertt sales occur within approximately 25 percent ofthe city’ws ZIP codes. This means salezs in various parts of the city were fairly evenly showingproportionate activity. The further a city deviates from the 25perceny mark, the less evenly distributed the market is in that and thus the lower that city Forbes also determined that average price per squarew foot of housing space increasedc 5.
7 percent in Denver betweenj February and March of this year, and that transactions decreased 8.4 percenf between March 2008 and March 2009, less of a drop than many “Denver scores very well in terms of beinvg able to bring people into a stable housingh market,” the magazine quoterd Moody’s economist Christopher Cornell as “It has better growth potential than most cities Forbes listed Las Vegas, Cleveland, Seattle and Detroiyt at the bottom of the 25 “There, distressed sales have kept home values down and buyeras away,” Forbes said. It’s the second time in as many monthz that Denver has held the top spot in a rankinfof real-estate potential.
On May 19, Denvet was named America’s No. 1 city on the vergw of recovery . Real estate expert Barbara Corcoran, a regulat guest on the show, said Denver more than any othe U.S. city is “clearly on a Forbes drew its data from March 2009 RPX Monthly HousinvMarket Report, distributed by Radar Logic Incorporated, a New York-based derivatives firm. .
“While the majority of the nation’s housing marketsd are still working towarda bottom, some citiezs are boasting fundamentals that make them good places to buy a home Forbes reported this week. Phoenix was rankeds No. 2 on the Forbes followed by Boston, San Diego and Los The Forbes rankings seem geared more towardeach market’s currenty and future potential as a place to buy a since some of the cities at or near the top of the list are amon those hardest hit by the recession. The reporf ranked the 25 largestr U.S.
metro areas on the basis of changed in price persquare foot, frequencg of real-estate transactions, and how evenly distributer home-sales activity is in a metro area. “Denverf tops the list,” Forbes “It had 25 percent of its propertt sales occur within approximately 25 percent ofthe city’ws ZIP codes. This means salezs in various parts of the city were fairly evenly showingproportionate activity. The further a city deviates from the 25perceny mark, the less evenly distributed the market is in that and thus the lower that city Forbes also determined that average price per squarew foot of housing space increasedc 5.
7 percent in Denver betweenj February and March of this year, and that transactions decreased 8.4 percenf between March 2008 and March 2009, less of a drop than many “Denver scores very well in terms of beinvg able to bring people into a stable housingh market,” the magazine quoterd Moody’s economist Christopher Cornell as “It has better growth potential than most cities Forbes listed Las Vegas, Cleveland, Seattle and Detroiyt at the bottom of the 25 “There, distressed sales have kept home values down and buyeras away,” Forbes said. It’s the second time in as many monthz that Denver has held the top spot in a rankinfof real-estate potential.
On May 19, Denvet was named America’s No. 1 city on the vergw of recovery . Real estate expert Barbara Corcoran, a regulat guest on the show, said Denver more than any othe U.S. city is “clearly on a Forbes drew its data from March 2009 RPX Monthly HousinvMarket Report, distributed by Radar Logic Incorporated, a New York-based derivatives firm. .
Wednesday, November 3, 2010
Wash. state voters to decide 3 tax initiatives - BusinessWeek
ermolayxitpev.blogspot.com
Reuters | Wash. state voters to decide 3 tax initiatives BusinessWeek Recession-weary voters are deciding a trio of state tax initiatives Tuesday: An income tax on the wealthy, restrictions on future tax ... Soda taxes eliminated; Privatized booze sales failing Initiative Update: Income Tax Failing, Soda Tax Repeal Winning Wash. state income tax loses support |
Monday, November 1, 2010
Community loses Maureen Ariyoshi - Lahaina News
http://medavog.net/Adobe-Photoshop1/glava12_2.htm
Community loses Maureen Ariyoshi Lahaina News Thus stands the legacy of Maureen Setsuko Ariyoshi, who passed away on Oct. 10, 2010, after a prolonged battle with a rare disease. She was 74. ... |
Sunday, October 31, 2010
Unlikely pitcher, hitter spark Rangers' victory - San Francisco Chronicle
http://www.texytipografia.com/spanish.html
Fox News | Unlikely pitcher, hitter spark Rangers' victory San Francisco Chronicle (10-30) 20:02 PDT Arlington, Texas - -- ARLINGTON, Texas - An unlikely combo kept Texas from f » |
Friday, October 29, 2010
USAA joins Major League Baseball in helping wounded vets - San Antonio Business Journal:
http://www.akiat.net/15.html
For every strikeout thrown by Zito and every othet pitcher onPatriot Day, Zito and more than 50 playerw are giving $500 in support of war-woundedr veterans. USAA has agreed to matcu that amount. The amount of money raised will depend upon how many batterws will be struck outthat day. The money raised will benefit Zito’sw national nonprofit organization, Strikeouts For Troops. He creater the organization in 2005 aftetr visiting wounded soldiers atin Washington, D.C. “My family and I startesd Strikeouts For Troops to help our woundec service members with some comforts of home while they recover in military hospital s often far away from theirlovedx ones,” Zito says.
“Strikeouts For Troop s is simply about Americans helping our fellosw Americansin need,” he says. San Antonio’a military community is playing a largd role in the war effort with four activedmilitary installations. The city is also home to , one of the country’sz leading hospitals for treating soldiers wounded in Iraqand Afghanistan. USAA is a San Antonio-basef financial services company thatprovides insurance, financial planning, investments and bankinhg products to members of the U.S.
military and their
For every strikeout thrown by Zito and every othet pitcher onPatriot Day, Zito and more than 50 playerw are giving $500 in support of war-woundedr veterans. USAA has agreed to matcu that amount. The amount of money raised will depend upon how many batterws will be struck outthat day. The money raised will benefit Zito’sw national nonprofit organization, Strikeouts For Troops. He creater the organization in 2005 aftetr visiting wounded soldiers atin Washington, D.C. “My family and I startesd Strikeouts For Troops to help our woundec service members with some comforts of home while they recover in military hospital s often far away from theirlovedx ones,” Zito says.
“Strikeouts For Troop s is simply about Americans helping our fellosw Americansin need,” he says. San Antonio’a military community is playing a largd role in the war effort with four activedmilitary installations. The city is also home to , one of the country’sz leading hospitals for treating soldiers wounded in Iraqand Afghanistan. USAA is a San Antonio-basef financial services company thatprovides insurance, financial planning, investments and bankinhg products to members of the U.S.
military and their
Thursday, October 28, 2010
Jay Gohil - Austin Business Journal:
uhalugupuzyma.blogspot.com
What is the Austin housing market’s greatest strength right now? Austin’as population is expected to grow substantiall y over the next20 years. With its vibrant community and a mediah home priceof $189,000, the Austin area continue s to draw people who are looking to live in a thrivingb city at a reasonable cost. What is its greatest challenge Real estate is alocal business. At times, it’xs challenging to overcome the negativde perceptions consumers have about the housing markety based on nationalmedia attention. Fortunately, the Central Texaes housing market did not see the dramaticx increases in home prices experienced in otherr majormetropolitan areas.
Austin area real estatew saw stable and steady growth over the past five What factors are differentiatingf the houses that sell from those languishing onthe market? There are more homeas on the market today than therw were a year ago. Buyers have more choices and are spendingg more time looking for a home that suits their needs. Homeowners who work with Realtors to perform a comprehensiv e market analysis and price theire homes competitively are more apt to sell theirfhomes quickly. What, if anything, do sellers need to do toda y thatthey didn’t have to do three years ago to sell theif homes?
Homeowners looking to sell in today’s market shoulf be ready to price their homes appropriately, especially if they are lookingv to sell their homes within a few The average home spends 79 days on the markegt before selling. Is affordable, close-in housinb going to be a significanyt challenge inthis region? Why or why not? Housing affordability is a concern in any thriving metropolitanh area. As the city develops, we are seeing a lot more growthb inthe east, northwest and southwest partsw of the city. We are fortunatwe that in many cases, the commutinv time to downtown Austin from these communitiezs is still under20 minutes.
It lookes like the gap in homesales — 2008 numbersx compared with 2009 — has been closing each month. When do you think this area will be on an upwar dswing again? We don’t know when Austi n home sales will experience an upswing, but we’re confident that owninvg a home in the Austin area is one of the best ways one can builc wealth. We are hopeful that interesty rates will remain low enough through the end of the year to alloww home buyers an opportunity to purchase thehome that’sd right for them. In this market, what is sellingv better? New homes or existintg homes? We are not seeing a significant differencw between new and existinghome sales.
Buyer s looking for Austin area real estate have more choicesthan before. Some buyers prefer a newer home and a slightlty longer commute to while others are looking to be in the centereof town. It looks like Austin doesn’t have a larges overhang of single-family home inventory. But if and when the area need s tobuild more, will the national atmosphere for homebuilders prevenr that from happening here? Many homebuilders have reduced or halted their housing starts locally basec on national economic conditions. The national atmosphere has made it difficult for most homebuilderxs to build homes before contractware finalized.
Some economists have predicted a potentiall shortfall of homes over the next few yearz if the population in Central Texas continuesa to grow as it has done over the last 20 Is now a good or bad time to startt a career in residentialreal estate? The real estater market always has room for smart, hard-workingb professionals who want to help people find the home of their dreams. All businesses go througj cycles, and real estate is no The real estate business is notfor everyone. It can take a lot of time and dedicatioj before yousee activity.
What is the Austin housing market’s greatest strength right now? Austin’as population is expected to grow substantiall y over the next20 years. With its vibrant community and a mediah home priceof $189,000, the Austin area continue s to draw people who are looking to live in a thrivingb city at a reasonable cost. What is its greatest challenge Real estate is alocal business. At times, it’xs challenging to overcome the negativde perceptions consumers have about the housing markety based on nationalmedia attention. Fortunately, the Central Texaes housing market did not see the dramaticx increases in home prices experienced in otherr majormetropolitan areas.
Austin area real estatew saw stable and steady growth over the past five What factors are differentiatingf the houses that sell from those languishing onthe market? There are more homeas on the market today than therw were a year ago. Buyers have more choices and are spendingg more time looking for a home that suits their needs. Homeowners who work with Realtors to perform a comprehensiv e market analysis and price theire homes competitively are more apt to sell theirfhomes quickly. What, if anything, do sellers need to do toda y thatthey didn’t have to do three years ago to sell theif homes?
Homeowners looking to sell in today’s market shoulf be ready to price their homes appropriately, especially if they are lookingv to sell their homes within a few The average home spends 79 days on the markegt before selling. Is affordable, close-in housinb going to be a significanyt challenge inthis region? Why or why not? Housing affordability is a concern in any thriving metropolitanh area. As the city develops, we are seeing a lot more growthb inthe east, northwest and southwest partsw of the city. We are fortunatwe that in many cases, the commutinv time to downtown Austin from these communitiezs is still under20 minutes.
It lookes like the gap in homesales — 2008 numbersx compared with 2009 — has been closing each month. When do you think this area will be on an upwar dswing again? We don’t know when Austi n home sales will experience an upswing, but we’re confident that owninvg a home in the Austin area is one of the best ways one can builc wealth. We are hopeful that interesty rates will remain low enough through the end of the year to alloww home buyers an opportunity to purchase thehome that’sd right for them. In this market, what is sellingv better? New homes or existintg homes? We are not seeing a significant differencw between new and existinghome sales.
Buyer s looking for Austin area real estate have more choicesthan before. Some buyers prefer a newer home and a slightlty longer commute to while others are looking to be in the centereof town. It looks like Austin doesn’t have a larges overhang of single-family home inventory. But if and when the area need s tobuild more, will the national atmosphere for homebuilders prevenr that from happening here? Many homebuilders have reduced or halted their housing starts locally basec on national economic conditions. The national atmosphere has made it difficult for most homebuilderxs to build homes before contractware finalized.
Some economists have predicted a potentiall shortfall of homes over the next few yearz if the population in Central Texas continuesa to grow as it has done over the last 20 Is now a good or bad time to startt a career in residentialreal estate? The real estater market always has room for smart, hard-workingb professionals who want to help people find the home of their dreams. All businesses go througj cycles, and real estate is no The real estate business is notfor everyone. It can take a lot of time and dedicatioj before yousee activity.
Tuesday, October 26, 2010
Cameron to acquire Natco Group - Houston Business Journal:
jabire2389.blogspot.com
The purchase price is based onNatco Group’x closing stock price of $31.03 on June 1. Undert the agreement, Natco (NYSE: NTG) shareholders will receiv 1.185 shares in Houston-based Cameron (NYSE: CAM) in return for each of Natco’s 20.3 millionb shares outstanding. In a Tuesday conferencer call, it was stated that the companieshave “admirecd each other’s capabilities for three years.” “As you Natco builds processing and separation something that Cameron outsources most of said Jack Moore, president and chief executive officer of Cameron.
He said he estimates that combining the companiews will yield a cost savings ofabout $30 million to $40 When the deal closes in the third Natco shareholders will own abouft 10 percent of Cameron’s 217 million sharess outstanding. Natco has about 2,400 employeez and had revenue of morethan $650 million duringt 2008. Simmons & Co. International served as financial adviser toCameron (NYSE: while Barclays Capital served as financial adviser to
The purchase price is based onNatco Group’x closing stock price of $31.03 on June 1. Undert the agreement, Natco (NYSE: NTG) shareholders will receiv 1.185 shares in Houston-based Cameron (NYSE: CAM) in return for each of Natco’s 20.3 millionb shares outstanding. In a Tuesday conferencer call, it was stated that the companieshave “admirecd each other’s capabilities for three years.” “As you Natco builds processing and separation something that Cameron outsources most of said Jack Moore, president and chief executive officer of Cameron.
He said he estimates that combining the companiews will yield a cost savings ofabout $30 million to $40 When the deal closes in the third Natco shareholders will own abouft 10 percent of Cameron’s 217 million sharess outstanding. Natco has about 2,400 employeez and had revenue of morethan $650 million duringt 2008. Simmons & Co. International served as financial adviser toCameron (NYSE: while Barclays Capital served as financial adviser to
Monday, October 25, 2010
Social networking is changing the job-recruiting landscape - South Florida Business Journal:
http://interiorartss.com/the-art-of-therapeutic-heat.html
“Less than 10 years ago, recruiters made their livingh on the phone connecting people to one saidMarko Evans, presideny of Pompano Beach-based Now Hiring You, a recruiteer for legal, financial and technicak jobs. He said with the advent of employment databases suchas , and , it becames easier to find the peopl e he wanted to contact. Social networking has changed the useof static, database searches. “We have seen thosr older dynamics change,” Evans “Within a matter of minutes aftef posting a financial center manager position onand , we had our firsty candidate.” The social networkingv sites impart a sense of trust to the recruitinbg process.
“A confidence is established when you invitew someone to connect toyour network,” Evans said. “Anxd when you ask for something, someone knows who knows someone.” Even better, when an individual leaves one job for the social networking site remainsin place. Evan s said it translates into being able to connect with someonse even ifthey aren’t working. “There’s no need to find theid personal e-mail because you are already he said. Social networkinhg has redefined the networking landscape and globalizedf the recruiting industry inmany ways, accordinv to financial services recruitefr Carlos Segrera, director of business operations for in Miami.
He views social networking as ahandg tool, but not a job recruitmenr end in itself. For recruiters, sites like LinkedIn and Faceboo k have created new avenues to identifgy and meet potential candidates and he said. His colleague, Stephen James Plantation-based recruiter Carlos J. Arboleda, is the practicse director forthe firm’se banking group in Florida. He sees majo r distinctions among networking sites for both recruiterw andjob seekers. LinkedIn, for example, is a professiona l networking site that does not really elicitg muchabout people’s personaol or social lives, but rather focuses on the professional aspects of its he said.
“On the other hand, a site like is more a gossipy, picture-sharing site that has a small amountf ofprofessional focus,” Arboleda said. In the handxs of a skilled recruiter, both sites can be handy tools in measuringa candidate’a personal and professional affiliations. “It allows a recruited to size up anindividua – at least on the surface,” Arboleda Being sized up can be a problem for the imprudent, cautioned April Boyer, an employmenty law partner at K&L Gates in She said great networking opportunities should be tempered with and that information posted on the various sitesd should be accurate and paint the networker in a good As part of a background checkj on job applicants, Boyer said recruiterzs and human resources personnel are researchinv candidates on the Web to find out what links or posts pop up.
Job she said, should be prudent about postinh on blogs or displaying inappropriate personal photo s and comments on a sociak networkingWeb site. “Photos of you drunk with your collegw roommates atyour five-year reunion may be fun to share on but those same photos may not make the right impression on an HR recruitet interviewing you and checking on your Boyer said. This is especially important for employees that have or desirew to have prominent positions that reflect on the publicc image ofa company.
Considedr this question, she said: “Whag would my ideal employer do if this posting or that photl was presented during the job Social networkingis inexpensive, has increased turnaround times in reaching people, and allows multiple contacts at the same time. The big advantage is that it allowz people to proactively post themselves on sitews without formally applying for a AttorneyBrad Spraberry, director of recruitint for in West Palm Beach, sees socia networking as a generational thing an important tool particularly for reaching those under age 30. “It is cost- and and has facilitated recruitment,” he said.
“It’s important to keep it as a helpful toolto use, then on to other tasks.” Spraberry said he communicates more via Facebook than via “I’m not on Twitter, but will be soon, as it’es a quick way to communicatde with someone,” he said. But, there is a warninbg to anyone who thinks this new paradigm replacexs the old ways and that personal contacty nolonger matters. That’s not so, recruitetr Segrera said. He explained that while social networking has increasede the avenues fornew relationships, it has not replaced the need for face-ti face meetings.
“Less than 10 years ago, recruiters made their livingh on the phone connecting people to one saidMarko Evans, presideny of Pompano Beach-based Now Hiring You, a recruiteer for legal, financial and technicak jobs. He said with the advent of employment databases suchas , and , it becames easier to find the peopl e he wanted to contact. Social networking has changed the useof static, database searches. “We have seen thosr older dynamics change,” Evans “Within a matter of minutes aftef posting a financial center manager position onand , we had our firsty candidate.” The social networkingv sites impart a sense of trust to the recruitinbg process.
“A confidence is established when you invitew someone to connect toyour network,” Evans said. “Anxd when you ask for something, someone knows who knows someone.” Even better, when an individual leaves one job for the social networking site remainsin place. Evan s said it translates into being able to connect with someonse even ifthey aren’t working. “There’s no need to find theid personal e-mail because you are already he said. Social networkinhg has redefined the networking landscape and globalizedf the recruiting industry inmany ways, accordinv to financial services recruitefr Carlos Segrera, director of business operations for in Miami.
He views social networking as ahandg tool, but not a job recruitmenr end in itself. For recruiters, sites like LinkedIn and Faceboo k have created new avenues to identifgy and meet potential candidates and he said. His colleague, Stephen James Plantation-based recruiter Carlos J. Arboleda, is the practicse director forthe firm’se banking group in Florida. He sees majo r distinctions among networking sites for both recruiterw andjob seekers. LinkedIn, for example, is a professiona l networking site that does not really elicitg muchabout people’s personaol or social lives, but rather focuses on the professional aspects of its he said.
“On the other hand, a site like is more a gossipy, picture-sharing site that has a small amountf ofprofessional focus,” Arboleda said. In the handxs of a skilled recruiter, both sites can be handy tools in measuringa candidate’a personal and professional affiliations. “It allows a recruited to size up anindividua – at least on the surface,” Arboleda Being sized up can be a problem for the imprudent, cautioned April Boyer, an employmenty law partner at K&L Gates in She said great networking opportunities should be tempered with and that information posted on the various sitesd should be accurate and paint the networker in a good As part of a background checkj on job applicants, Boyer said recruiterzs and human resources personnel are researchinv candidates on the Web to find out what links or posts pop up.
Job she said, should be prudent about postinh on blogs or displaying inappropriate personal photo s and comments on a sociak networkingWeb site. “Photos of you drunk with your collegw roommates atyour five-year reunion may be fun to share on but those same photos may not make the right impression on an HR recruitet interviewing you and checking on your Boyer said. This is especially important for employees that have or desirew to have prominent positions that reflect on the publicc image ofa company.
Considedr this question, she said: “Whag would my ideal employer do if this posting or that photl was presented during the job Social networkingis inexpensive, has increased turnaround times in reaching people, and allows multiple contacts at the same time. The big advantage is that it allowz people to proactively post themselves on sitews without formally applying for a AttorneyBrad Spraberry, director of recruitint for in West Palm Beach, sees socia networking as a generational thing an important tool particularly for reaching those under age 30. “It is cost- and and has facilitated recruitment,” he said.
“It’s important to keep it as a helpful toolto use, then on to other tasks.” Spraberry said he communicates more via Facebook than via “I’m not on Twitter, but will be soon, as it’es a quick way to communicatde with someone,” he said. But, there is a warninbg to anyone who thinks this new paradigm replacexs the old ways and that personal contacty nolonger matters. That’s not so, recruitetr Segrera said. He explained that while social networking has increasede the avenues fornew relationships, it has not replaced the need for face-ti face meetings.
Saturday, October 23, 2010
University System of Md. to break up biotechnology institute - Business First of Louisville:
http://www.ijtimoiy-fikr.org/novosti-mediciny/
The public university system’z Board of Regents approved Fridaty a sweeping restructuring ofthe (UMBI) that will parcelk out its four research centers, along with staff and othe r assets, to other campuses. Systemn leaders hope the restructuring will drive researchn collaboration and boost access tooutside funding. It also meanse an end for UMBI, which was launched to great fanfar two decades ago with the missio ofadvancing education, research and economic development for what was then the state’e nascent biotech industry.
A months-long study of UMBI by an ad hoc committeer led by USM regent Chairman Clifford Kendall concludedthat “thw organization of UMBI as a geographicallgy dispersed, free-standing entity has createed intractable problems.” Those problems included an inability to scaler UMBI programs, isolation among UMBI’s research the lack of a critical mass of graduatwe and undergraduate students involved in UMBI research, and administratived inefficiencies. “After a comprehensive and deliberative process, we have concludexd that restructuring UMBI’s assets is the right thing to Kendall said ina statement.
“With a focus on collaboratiobn — across disciplines and across institutions — and with recognition of the exceptional talent within the UMBI community and the system’s othe institutions, this action will position USM to take fuller advantagee of its system-wide strengths in the biosciences and to fuel the state’s knowledgd economy even more.” The move isn’t a total Critics have long questioned whether the state was duplicatingy its research efforts in the biosciences. UMBI’s four centerx in Baltimore, Rockville and College Park conductg researchon medical, biotechnology, marine and environmentap science.
At the same time, state funding for highef education is pinched by the recession andthe state’s budget deficit, and universities’ researchb needs are growing. Undee the restructuring approved Friday by the regentse at a meetingin Frostburg, a joint University Systemm of Maryland research center will be establishe at UMBI’s Center for Advanceed Research in Biotechnology in The system’s flagship College Park campus will overses the facility and work with the University of Maryland, Baltimorre to elevate work in engineering and computational sciences as well as structurak biology, protein design and drug • UMBI’s Center for Biosystemxs Research will also be overseen by College Park.
• A joint researcj center at UMBI’s Center of Marine Biotechnologyt in Baltimore willbe established, with administrative responsibility fallint to the University of Maryland, Baltimore County. UMBC will collaborate with the University of Maryland Center for Environmentall Science and the Universityof Maryland, Baltimores to drive research in environmental and genomidc sciences. • UMBI’s Baltimore-based Medica Biotechnology Center will fall under the Universityof Maryland, Baltimore’s purview.
UMBI’s Institute of Fluorescence will be administeredby • UMBI’s K-12 educational programs will be overseen by with an eye on enhancingg its teaching focus. UMBI President Jennie Hunter-Ceveras is stepping down June 30 after 10 yearse inthat role. She will becomd executive vice president of discoveryu and analytical sciences and corporate developmentat , a North Carolina nonprofit. The University System of Maryland will honof tenure held by UMBIfaculty members, and administrative support stafferds will be able to stay in their jobs through fiscal 2010.
Job opportunities at other system campuses willbe identified, and memoranda of understandintg outlining future operations and collaborations are expecteed to be completed by the end of this year and fullyt implemented by the end of fiscal 2010. UMBI generatew about $25 million in research activityu annually, and university system leaders hope to see that numbed increase dramatically by breaking upthe “Today’s decisions by the board provide a tremendous opportunitt for the University System of Maryland to increase the volume and impact of its basic and applied researc h in the biosciences,” said USM Chancellor William E. Kirwam in a statement.
“Thids restructuring has the potential to double the researcyh productivityof UMBI’s current assets within five years.”
The public university system’z Board of Regents approved Fridaty a sweeping restructuring ofthe (UMBI) that will parcelk out its four research centers, along with staff and othe r assets, to other campuses. Systemn leaders hope the restructuring will drive researchn collaboration and boost access tooutside funding. It also meanse an end for UMBI, which was launched to great fanfar two decades ago with the missio ofadvancing education, research and economic development for what was then the state’e nascent biotech industry.
A months-long study of UMBI by an ad hoc committeer led by USM regent Chairman Clifford Kendall concludedthat “thw organization of UMBI as a geographicallgy dispersed, free-standing entity has createed intractable problems.” Those problems included an inability to scaler UMBI programs, isolation among UMBI’s research the lack of a critical mass of graduatwe and undergraduate students involved in UMBI research, and administratived inefficiencies. “After a comprehensive and deliberative process, we have concludexd that restructuring UMBI’s assets is the right thing to Kendall said ina statement.
“With a focus on collaboratiobn — across disciplines and across institutions — and with recognition of the exceptional talent within the UMBI community and the system’s othe institutions, this action will position USM to take fuller advantagee of its system-wide strengths in the biosciences and to fuel the state’s knowledgd economy even more.” The move isn’t a total Critics have long questioned whether the state was duplicatingy its research efforts in the biosciences. UMBI’s four centerx in Baltimore, Rockville and College Park conductg researchon medical, biotechnology, marine and environmentap science.
At the same time, state funding for highef education is pinched by the recession andthe state’s budget deficit, and universities’ researchb needs are growing. Undee the restructuring approved Friday by the regentse at a meetingin Frostburg, a joint University Systemm of Maryland research center will be establishe at UMBI’s Center for Advanceed Research in Biotechnology in The system’s flagship College Park campus will overses the facility and work with the University of Maryland, Baltimorre to elevate work in engineering and computational sciences as well as structurak biology, protein design and drug • UMBI’s Center for Biosystemxs Research will also be overseen by College Park.
• A joint researcj center at UMBI’s Center of Marine Biotechnologyt in Baltimore willbe established, with administrative responsibility fallint to the University of Maryland, Baltimore County. UMBC will collaborate with the University of Maryland Center for Environmentall Science and the Universityof Maryland, Baltimores to drive research in environmental and genomidc sciences. • UMBI’s Baltimore-based Medica Biotechnology Center will fall under the Universityof Maryland, Baltimore’s purview.
UMBI’s Institute of Fluorescence will be administeredby • UMBI’s K-12 educational programs will be overseen by with an eye on enhancingg its teaching focus. UMBI President Jennie Hunter-Ceveras is stepping down June 30 after 10 yearse inthat role. She will becomd executive vice president of discoveryu and analytical sciences and corporate developmentat , a North Carolina nonprofit. The University System of Maryland will honof tenure held by UMBIfaculty members, and administrative support stafferds will be able to stay in their jobs through fiscal 2010.
Job opportunities at other system campuses willbe identified, and memoranda of understandintg outlining future operations and collaborations are expecteed to be completed by the end of this year and fullyt implemented by the end of fiscal 2010. UMBI generatew about $25 million in research activityu annually, and university system leaders hope to see that numbed increase dramatically by breaking upthe “Today’s decisions by the board provide a tremendous opportunitt for the University System of Maryland to increase the volume and impact of its basic and applied researc h in the biosciences,” said USM Chancellor William E. Kirwam in a statement.
“Thids restructuring has the potential to double the researcyh productivityof UMBI’s current assets within five years.”
Friday, October 22, 2010
Consumer confidence falls in June - Los Angeles Business from bizjournals:
http://reeeview.com/Netbook-OSes/FreeBSD/
The Conference Board’s Consumer Confidence Index droppe dto 49.3, compared to 54.8 in May, the most recenf evidence that the economuy continues to struggle. Consumer spending accounts forabouyt two-thirds of the economy in the United States, makinb a decline in consumer confidence a worryg from Main Street to Wall The Dow Jones industrial average was down 112 pointe to 8,417 in midday trading Tuesday. Consumers are downbeat when it comes tothe short- and long-term outlook with the recession. The Present Situatiobn Index — basically, how do you feel today droppedto 24.8 this month, from 29.7 in May.
And consumers are glum aboutf the next six with the Expectations Index fallinhgto 65.5, from 71.5 in May. The Present Situatiobn Index declinewas “causeed by a less favorable assessment of business conditions and (and) continues to imply that economif conditions, while not as weak as earliere this year, are nonetheless weak,” director Lynn Franco said in a news releases Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growth when the index reaches 100. The Conference Boardr contacts 5,000 households for the monthly index.
The Conference Board’s Consumer Confidence Index droppe dto 49.3, compared to 54.8 in May, the most recenf evidence that the economuy continues to struggle. Consumer spending accounts forabouyt two-thirds of the economy in the United States, makinb a decline in consumer confidence a worryg from Main Street to Wall The Dow Jones industrial average was down 112 pointe to 8,417 in midday trading Tuesday. Consumers are downbeat when it comes tothe short- and long-term outlook with the recession. The Present Situatiobn Index — basically, how do you feel today droppedto 24.8 this month, from 29.7 in May.
And consumers are glum aboutf the next six with the Expectations Index fallinhgto 65.5, from 71.5 in May. The Present Situatiobn Index declinewas “causeed by a less favorable assessment of business conditions and (and) continues to imply that economif conditions, while not as weak as earliere this year, are nonetheless weak,” director Lynn Franco said in a news releases Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growth when the index reaches 100. The Conference Boardr contacts 5,000 households for the monthly index.
Wednesday, October 20, 2010
South America Should Slow Domestic Demand to Avoid Overheating, IMF Says - Bloomberg
http://www.jenningsanimalhospital.com/aboutpetportals.html
MercoPress | South America Should Slow Domestic Demand to Avoid Overheating, IMF Says Bloomberg “Demand needs to moderate in these countries or they may risk experiencing overheating.†Brazil, Latin America's biggest economy, needs to implement a ... Strong Recovery in Latin America, But Eye on Overheating IMF warns Latin America on risks of 'overheating,' suggests 'cooling down ... Emerging Europe: Lessons From the Boom / Bust Cycle |
Tuesday, October 19, 2010
Chinese genomics giant joins Mass. lineup - Boston Globe
http://sfngau.ru/
Boston Globe | Chinese genomics giant joins Mass. lineup Boston Globe (Bill Greene/Globe Staff) By Carolyn Y. Johnson CAMBRIDGE â€" A Chinese genomics giant has established a subsidiary in Massachusetts to offer its massive ... Today's health and science |
Sunday, October 17, 2010
Bay Area CFOs of the year named - Dayton Business Journal:
hustbelogehy1857.blogspot.com
More than 400 local business leaders attended a dinner and awardx ceremony at the Palace Hotel in San Francisco to honoe the winnersand finalists. The money raised at the evenftsupports , which for 25 years has served homelesa and at-risk youth in San Franciscp through its programs in outreach, housing, medical and social education and job assistance. “These awardsx honor the best ofthe best.
These financial leaders exemplifhythe professionalism, integrity, resilience and masteruy of key skills that make a great said Mary Huss, publisher, San Francisco Businesds Times, and co-presenter of the Bay Area CFO of the Year Said Sherilyn Adams, executive director, Larkin Street Youth “Larkin Street Youth Services is honored to be the beneficiar y of this event. The money raisedf by the CFO awards event will beinvested wisely, as 84 cents of everyu dollar will directly benefitt the over 3,500 youth we serve each year.” Lifetime Achievement Award: Peter Darbee, PG&E and Pacific Gas and Electric Co.
Public Company with revenues above $500 million: Daniel Heinrich, the (NYSE: CLX). Paul Coghlan, Corp. (NASDAQ: LLTC); Mark Garrett, (NASDAQ: Winner, Public Company with revenues upto $500 million: Martinh Kropelnicki, . Finalists: Thomas Cawley, (NASDAQ: Randy Gottfried, (NASDAQ: Winner, Non-Public Company: Nathan Brostrom, . Finalist: Thomas Berquist, Winner, Venture-Backed Company: Jack Jenkins-Stark, Finalists: Donald McCauley, ; Greg Walker, Community Service: Paul Sussman, Tenderloin Neighborhoo d Development Corp. Finalists: Steve Bach, ; Michael . Winner, Transformation Agent: Byromn Pollitt, Inc. (NYSE: V) James Beer, (NASDAQ: SYMC); Lewis Corp (NYSE: NSM).
The 2009 Bay Area CFO of the Year Awardsz is a partnership between the San Franciscop BusinessTimes — which included an advertising supplemenf profiling the winners in its May 29 issuse — and Larkin Street Youthu Services. All proceeds from this event benefiy Larkin StreetYouth Services. Deloitte was the title
More than 400 local business leaders attended a dinner and awardx ceremony at the Palace Hotel in San Francisco to honoe the winnersand finalists. The money raised at the evenftsupports , which for 25 years has served homelesa and at-risk youth in San Franciscp through its programs in outreach, housing, medical and social education and job assistance. “These awardsx honor the best ofthe best.
These financial leaders exemplifhythe professionalism, integrity, resilience and masteruy of key skills that make a great said Mary Huss, publisher, San Francisco Businesds Times, and co-presenter of the Bay Area CFO of the Year Said Sherilyn Adams, executive director, Larkin Street Youth “Larkin Street Youth Services is honored to be the beneficiar y of this event. The money raisedf by the CFO awards event will beinvested wisely, as 84 cents of everyu dollar will directly benefitt the over 3,500 youth we serve each year.” Lifetime Achievement Award: Peter Darbee, PG&E and Pacific Gas and Electric Co.
Public Company with revenues above $500 million: Daniel Heinrich, the (NYSE: CLX). Paul Coghlan, Corp. (NASDAQ: LLTC); Mark Garrett, (NASDAQ: Winner, Public Company with revenues upto $500 million: Martinh Kropelnicki, . Finalists: Thomas Cawley, (NASDAQ: Randy Gottfried, (NASDAQ: Winner, Non-Public Company: Nathan Brostrom, . Finalist: Thomas Berquist, Winner, Venture-Backed Company: Jack Jenkins-Stark, Finalists: Donald McCauley, ; Greg Walker, Community Service: Paul Sussman, Tenderloin Neighborhoo d Development Corp. Finalists: Steve Bach, ; Michael . Winner, Transformation Agent: Byromn Pollitt, Inc. (NYSE: V) James Beer, (NASDAQ: SYMC); Lewis Corp (NYSE: NSM).
The 2009 Bay Area CFO of the Year Awardsz is a partnership between the San Franciscop BusinessTimes — which included an advertising supplemenf profiling the winners in its May 29 issuse — and Larkin Street Youthu Services. All proceeds from this event benefiy Larkin StreetYouth Services. Deloitte was the title
Saturday, October 16, 2010
Thursday, October 14, 2010
Clay; Duval; Flagler; Putnam; St. Johns; Volusia - Orlando Sentinel
budimirukaovyril.blogspot.com
Clay; Duval; Flagler; Putnam; St. Johns; Volusia Orlando Sentinel Fire Weather Watch issued October 14 at 6:21PM EDT expiring October 15 at 7:00PM EDT by NWS Jacksonville UPDATED TO REMOVE EXPIRED RED FLAG WARNING . ... Red Flag Warning |
Wednesday, October 13, 2010
Asheville rest home worker charged with taking drugs - Asheville Citizen-Times
antoninahubihe.blogspot.com
Asheville rest home worker charged with taking drugs Asheville Citizen-Times Kishia Laverne McAfee, 40, of Rock Hill Circle, Asheville, was charged with embezzlement of a controlled substance by an employee, according to a warrant ... |
Monday, October 11, 2010
Giving back - The Business Journal of the Greater Triad Area:
http://mysticismm.com/a-in-short-guided-steadily-manner-to-magical-spells-of-online-a-brutal-war-games-utopia.html
But the decision was made easiert for Davis becauseher employer, , helper her find time to volunteer. Becausr of that support, Davis is able to take abougt 90 minutes each week to tutof a local kindergartner on her color s and letters througha Winston-Salem volunteer “The fact that my employerd sponsors it, and I can make it part of my really makes a difference,” said media relations manager at . Wake Forestr Baptist isn’t alone. Throughout the Triad, many companies that have programws designed to encourageemployee volunteering.
They run the from employee volunteerism councils to allowing employeesd time off to build a Habitat for Humanity Part of the reason for encouraging companyofficials said, goes back to the age-old idea of giving back to the community. But beyond there are business benefitsas well, such as buildiny a positive reputation in the “I think for any company, when people know that you’ree being a part of the community, and helping wherw there’s need, that goes a long way toward spotlightinfg what your values are, what your principlezs are,” Davis said. Murray C.
Greasoj III, pro bono director at in said in addition to such programs can help attract business or employees who consider community serviceactivity important. For example, today’s law he said, who already do pro bono work in school, expecyt to continue that work after they and might choose a firm basexd on itscharitable activity. It can also help with employee retentionand morale. Steved Berlin, managing partner at in said pro bono work not only provideswvaluable experience, but also satisfactionj for attorneys. Several companies in the Triad haveemployed councils, which allow staff from acrosa the company to coordinate volunteer eventxs they’re passionate about.
At the in Greensboro, a council of 20 to 25 employeesw finds charitable projects inthe area, promotes them and organize employee volunteers to participate in them throughout the Such projects include a fundraising walk for juvenils diabetes or working with Operatio n Homefront to create care packages for troopz overseas, said Darlene Smith, senior community affairs specialis t at American Express. Last year, AmEx employees donated 6,00 0 hours of their time, she There doesn’t necessarily have to be a structure system.
Gary Palmer, assistant vice president of community affairwsat McLeansville-based , said the companyg has an employee affairs council that organizee various volunteer opportunities throughout the but departments often independently hold a food drivre or other events. One thing that can help is providinhtime off. Officials at and in Greensboro said employees who volunteer to help with projectw forUnited Way’s Day of Caring can get time off from the workday. such as Kilpatrick Stockton, find a particulat mission the company wishes tofocus on, such as and find ways to support it through volunteer opportunities.
who chairs the committee that overseessthe community/giving back program, said his firm has partneree with nearby Cook Elementary to help wherever they’rse needed — from pitching in to beautify the school grounds to bringing in speakers and assemblingy and providing backpacks and suppliesx to every student each year. Whiles the firm supports other causes and has a pro bono he said, Cook has become its main because “we’re trying to go deepere in our involvement and have some meaningfuo impact.” Reach Laura Youngs at (336) 370-2913 or lyoungs@bizjournals.com.
But the decision was made easiert for Davis becauseher employer, , helper her find time to volunteer. Becausr of that support, Davis is able to take abougt 90 minutes each week to tutof a local kindergartner on her color s and letters througha Winston-Salem volunteer “The fact that my employerd sponsors it, and I can make it part of my really makes a difference,” said media relations manager at . Wake Forestr Baptist isn’t alone. Throughout the Triad, many companies that have programws designed to encourageemployee volunteering.
They run the from employee volunteerism councils to allowing employeesd time off to build a Habitat for Humanity Part of the reason for encouraging companyofficials said, goes back to the age-old idea of giving back to the community. But beyond there are business benefitsas well, such as buildiny a positive reputation in the “I think for any company, when people know that you’ree being a part of the community, and helping wherw there’s need, that goes a long way toward spotlightinfg what your values are, what your principlezs are,” Davis said. Murray C.
Greasoj III, pro bono director at in said in addition to such programs can help attract business or employees who consider community serviceactivity important. For example, today’s law he said, who already do pro bono work in school, expecyt to continue that work after they and might choose a firm basexd on itscharitable activity. It can also help with employee retentionand morale. Steved Berlin, managing partner at in said pro bono work not only provideswvaluable experience, but also satisfactionj for attorneys. Several companies in the Triad haveemployed councils, which allow staff from acrosa the company to coordinate volunteer eventxs they’re passionate about.
At the in Greensboro, a council of 20 to 25 employeesw finds charitable projects inthe area, promotes them and organize employee volunteers to participate in them throughout the Such projects include a fundraising walk for juvenils diabetes or working with Operatio n Homefront to create care packages for troopz overseas, said Darlene Smith, senior community affairs specialis t at American Express. Last year, AmEx employees donated 6,00 0 hours of their time, she There doesn’t necessarily have to be a structure system.
Gary Palmer, assistant vice president of community affairwsat McLeansville-based , said the companyg has an employee affairs council that organizee various volunteer opportunities throughout the but departments often independently hold a food drivre or other events. One thing that can help is providinhtime off. Officials at and in Greensboro said employees who volunteer to help with projectw forUnited Way’s Day of Caring can get time off from the workday. such as Kilpatrick Stockton, find a particulat mission the company wishes tofocus on, such as and find ways to support it through volunteer opportunities.
who chairs the committee that overseessthe community/giving back program, said his firm has partneree with nearby Cook Elementary to help wherever they’rse needed — from pitching in to beautify the school grounds to bringing in speakers and assemblingy and providing backpacks and suppliesx to every student each year. Whiles the firm supports other causes and has a pro bono he said, Cook has become its main because “we’re trying to go deepere in our involvement and have some meaningfuo impact.” Reach Laura Youngs at (336) 370-2913 or lyoungs@bizjournals.com.
Sunday, October 10, 2010
Federal deposit insurance law will benefit community banks - Houston Business Journal:
http://gingerprintblog.com/2008/03/snee-farm.html
This improvement, which was passedc as part of the Omnibus BudgetgReconciliation legislation, has been fought for by bankin g industry leaders for the past six yearx and is designed to strengthenb the deposit insurance system. Under the new law, federal insurance on bank depositsw will be increasing for the first timesincwe 1980. The changes will take effect beginning in 2011 when insurance coverage levels will be adjusted relative to Insurance will beimmediately however, from $100,000 to $250,000 for individual retirement accounts and Keough accounts.
The impacty of this new law will not be immediate inmost instances, but it is forward-thinkinvg in terms of guarding depositors' savings against inflation and allowinvg them the option to consolidate savings where appropriate. By giving consumerx greater financial protection, they will feel more confidentabouf saving. In turn, banks -- particularly smallerf financial institutions and communitybanks -- will have the capital needefd to more readily provide loans to their Federal deposit insurance at banks began in 1933 duringh the Great Depression as a means of protecting customers from devastatinhg financial losses.
The protection it has offered throughour the years has contribute to the soundness of the bankinhg industry and fueledconsumer confidence. Because a financial crisixs wasn't at hand and because the Federal DeposiytInsurance Corp.'s deposit insurance funds -- the Bank Insurancs Fund and the Savingxs Association Insurance Fund -- remainexd strong, Congress, for many years, didn't adop t any significant changes. The banking industryg as a whole responded by conductingv research and presenting a unified frong outlining their needs and recommendationsfor reform.
After conductinfg numerous surveys and discussiona withinthe industry, a consensus The insurance limit of $100,0090 would need to be adjusted upward, particularly as it wouldx be the first change made to the coveraged limit in more than two decades. The reforjm would need to allow for creation of a permanentg inflation index to which the insurancs limits couldbe tied. It would also need to mergr and cap the insurance allow the FDIC to set the designated reservew ratio within a given rangew and provide rebates to banks once the combined fund exceeded that Successwas met, as the new law accomplishes all of thesre goals.
Prior to 1980, when it was adjusted to federal deposit insurance wasat $40,000 per The 1980 coverage adjustment was precipitatesd because inflation had decreased the value of insurance, and as today's coveragre levels were approximating a similar level of devaluatiohn due to a quarter century of the necessity for reform was The first inflationary adjustment will be made on April 1, 2010, to both the $100,000 insuref amount and the new $250,000p amount for retirement accounts and will take effecgt on Jan. 1, 2011. Every five years following, the amountsa will be evaluated andadjustecd accordingly.
Under the new rules, the FDIC and the Nationa l Credit Union Association will have widespread authorit and flexibility in determining how the federallyt insured accounts should be adjustedfor inflation. The Personapl Consumption Expenditures Index, which is a sister indecx to themore widely-known Consumer Price will be used as a gaugew to monitor inflation. It is computed by the Department of Commerc and measures price fluctuations in consumer goods and The reform also calls for the mergeer of the Bank Insurance Fund and the Savings Association Insurancre Fund into the new DepositInsuranced Fund.
The new combined fund will be worth $44 billion and will insure morethan $3 trilliom in deposits at banks and at savingss and loans. This new fund will be more diversee and allow for better response to regionaeconomic issues. The new law will also alter the way that the FDIC collect s premiums from banksand thrifts. Currently, 90 percent of all insureed institutions pay noinsurance premiums. The FDIC is not alloweed to collect premiums from most institutions provided they have sufficient capital and have been awarded solie ratingsfrom examiners.
Under the new system, every bank and thriftf will contribute tothe fund, and the premiumsx will be calculated based on Should the insurance fund dip below the designated reserve ratio, premiums will be increased on a gradual Once the fund exceeds the designated reserve banks and thrifts will receive This stands to have the greatest impactt on banks' day-to-day operations. Smaller financial institutionds and community banks stand to see some of the greatest benefits from the They hope it will stay an erosion of deposits that has takenj place in favor of placing money in mutual fund or withlarger institutions.
High net-wortyh individuals typically have to divide theier assets among several institutions to ensure complet einsurance protection. For those involvedx in estate planning or the distribution of the consolidation of funds can be criticaol to making that process as smooth as While the reform will only affect retirement account savings at in thelong run, the new legislation shouled lessen the impact of more than a quarter-centuryt of inflation, provide greater capitakl to banks to use in granting encourage consumer savings and ensure the security of our nation's banking system.
This improvement, which was passedc as part of the Omnibus BudgetgReconciliation legislation, has been fought for by bankin g industry leaders for the past six yearx and is designed to strengthenb the deposit insurance system. Under the new law, federal insurance on bank depositsw will be increasing for the first timesincwe 1980. The changes will take effect beginning in 2011 when insurance coverage levels will be adjusted relative to Insurance will beimmediately however, from $100,000 to $250,000 for individual retirement accounts and Keough accounts.
The impacty of this new law will not be immediate inmost instances, but it is forward-thinkinvg in terms of guarding depositors' savings against inflation and allowinvg them the option to consolidate savings where appropriate. By giving consumerx greater financial protection, they will feel more confidentabouf saving. In turn, banks -- particularly smallerf financial institutions and communitybanks -- will have the capital needefd to more readily provide loans to their Federal deposit insurance at banks began in 1933 duringh the Great Depression as a means of protecting customers from devastatinhg financial losses.
The protection it has offered throughour the years has contribute to the soundness of the bankinhg industry and fueledconsumer confidence. Because a financial crisixs wasn't at hand and because the Federal DeposiytInsurance Corp.'s deposit insurance funds -- the Bank Insurancs Fund and the Savingxs Association Insurance Fund -- remainexd strong, Congress, for many years, didn't adop t any significant changes. The banking industryg as a whole responded by conductingv research and presenting a unified frong outlining their needs and recommendationsfor reform.
After conductinfg numerous surveys and discussiona withinthe industry, a consensus The insurance limit of $100,0090 would need to be adjusted upward, particularly as it wouldx be the first change made to the coveraged limit in more than two decades. The reforjm would need to allow for creation of a permanentg inflation index to which the insurancs limits couldbe tied. It would also need to mergr and cap the insurance allow the FDIC to set the designated reservew ratio within a given rangew and provide rebates to banks once the combined fund exceeded that Successwas met, as the new law accomplishes all of thesre goals.
Prior to 1980, when it was adjusted to federal deposit insurance wasat $40,000 per The 1980 coverage adjustment was precipitatesd because inflation had decreased the value of insurance, and as today's coveragre levels were approximating a similar level of devaluatiohn due to a quarter century of the necessity for reform was The first inflationary adjustment will be made on April 1, 2010, to both the $100,000 insuref amount and the new $250,000p amount for retirement accounts and will take effecgt on Jan. 1, 2011. Every five years following, the amountsa will be evaluated andadjustecd accordingly.
Under the new rules, the FDIC and the Nationa l Credit Union Association will have widespread authorit and flexibility in determining how the federallyt insured accounts should be adjustedfor inflation. The Personapl Consumption Expenditures Index, which is a sister indecx to themore widely-known Consumer Price will be used as a gaugew to monitor inflation. It is computed by the Department of Commerc and measures price fluctuations in consumer goods and The reform also calls for the mergeer of the Bank Insurance Fund and the Savings Association Insurancre Fund into the new DepositInsuranced Fund.
The new combined fund will be worth $44 billion and will insure morethan $3 trilliom in deposits at banks and at savingss and loans. This new fund will be more diversee and allow for better response to regionaeconomic issues. The new law will also alter the way that the FDIC collect s premiums from banksand thrifts. Currently, 90 percent of all insureed institutions pay noinsurance premiums. The FDIC is not alloweed to collect premiums from most institutions provided they have sufficient capital and have been awarded solie ratingsfrom examiners.
Under the new system, every bank and thriftf will contribute tothe fund, and the premiumsx will be calculated based on Should the insurance fund dip below the designated reserve ratio, premiums will be increased on a gradual Once the fund exceeds the designated reserve banks and thrifts will receive This stands to have the greatest impactt on banks' day-to-day operations. Smaller financial institutionds and community banks stand to see some of the greatest benefits from the They hope it will stay an erosion of deposits that has takenj place in favor of placing money in mutual fund or withlarger institutions.
High net-wortyh individuals typically have to divide theier assets among several institutions to ensure complet einsurance protection. For those involvedx in estate planning or the distribution of the consolidation of funds can be criticaol to making that process as smooth as While the reform will only affect retirement account savings at in thelong run, the new legislation shouled lessen the impact of more than a quarter-centuryt of inflation, provide greater capitakl to banks to use in granting encourage consumer savings and ensure the security of our nation's banking system.
Friday, October 8, 2010
Sanford C. Bernstein & Co., Inc. Company Profile | Company Information
afanasenkobexa.blogspot.com
Inc. Sanford C. Bernstein is widely recognized asWall Street'sa premier sell-side research firm. Our research is soughtr out by leading investment managers arounfthe world, and we are annually ranked at the very top of acknowledgedx arbiters. In independent surveys of majorinstitutional clients, Bernstein's researchg is ranked #1 for overall industry knowledge, most trusted, best detailed financial major company studies, most useful valuation frameworks, best originak research, and most willing to challenge management. In Institutional Investor'e 2008 annual client survey, the leadinhg survey by which analysts in our industrare evaluated, 100% of our U.S.
Analystsw were recognized as among the best in their respectiv efields -- more than any other firm on Wall Since Sanford C. Bernstein was founded in 1967, research has been our calling card. The Bernstein research brandf is defined by ourrenowned Blackbooks, reportw known for their unbiased, in-depth company and industry forecasts. We have a community of Research Analysts who are acknowledgeds thought leaders that typically have years of experiencre in the industriesthey cover. Our reputation is for the very highest caliber of disciplined investment and industry and we have no conflicts of interests related toinvestment banking.
We are a wholly-owned subsidiary of our buy-side parent,
Inc. Sanford C. Bernstein is widely recognized asWall Street'sa premier sell-side research firm. Our research is soughtr out by leading investment managers arounfthe world, and we are annually ranked at the very top of acknowledgedx arbiters. In independent surveys of majorinstitutional clients, Bernstein's researchg is ranked #1 for overall industry knowledge, most trusted, best detailed financial major company studies, most useful valuation frameworks, best originak research, and most willing to challenge management. In Institutional Investor'e 2008 annual client survey, the leadinhg survey by which analysts in our industrare evaluated, 100% of our U.S.
Analystsw were recognized as among the best in their respectiv efields -- more than any other firm on Wall Since Sanford C. Bernstein was founded in 1967, research has been our calling card. The Bernstein research brandf is defined by ourrenowned Blackbooks, reportw known for their unbiased, in-depth company and industry forecasts. We have a community of Research Analysts who are acknowledgeds thought leaders that typically have years of experiencre in the industriesthey cover. Our reputation is for the very highest caliber of disciplined investment and industry and we have no conflicts of interests related toinvestment banking.
We are a wholly-owned subsidiary of our buy-side parent,
Thursday, October 7, 2010
AT A GLANCE: Officials Warn Currency Fight Can Undermine Global Economy - Wall Street Journal
http://pfivenetwork.com/desktop-backgrounds-fiat.html
Moneycontrol.com | AT A GLANCE: Officials Warn Currency Fight Can Undermine Global Economy W » |
Wednesday, October 6, 2010
Tulkoff asks for $6M in state bonds - Baltimore Business Journal:
http://skrh.org/support/annualfund.html
Family-owned Tulkoff, which has made horseradish in Baltimore since theearly 1920s, decided on the new site last Tulkoff had been looking for a new location for its East Baltimorr plant because the surrounding area has become less industria and more of a have n for young professionals who are rehabbing homes. Tulkofff has asked MEDCO to issue upto $6 million in bonds to help cover the cost of building the new As a public entity, MEDCO can get bond financiny at a lower interest rate than a company which makes repaying the money cheaper for CEO Philip Tulkoff said.
Maryland manufacturers like Tulkof f are eligiblefor tax-exempt financing through said Robert Brennan, MEDCO executive director. Although the bonds would be issuesdby MEDCO, the state agency wouldd not be on the hook to repayg the money, Brennan said. A division of GE wouled underwrite the bondsfor Tulkoff, Brennan and Tulkoff A bond underwriter provides funding for the borrower, buying the bondds and reselling them to othe investors. "It's very efficient and said Tulkoff, joking that "I'm allergid to higher rates.
" Tulkofdf was traveling and didn't have detailes about the interest rate at but said bonds issued by MEDCO would probably have an interesty rate of one to two percentage pointas lower than bonds issued bya company. Tulkofc Food Products plans to use monety from its operations and from the sale of its Brewers Hill property to repay the cost of building the Tulkoff said. "We look at any projecg in Baltimore City as considered to be a Brennan said. "We want to make sure we'rer able to support the manufacturing sector so it canremain competitive.
" To determine whether to issue the MEDCO's board will look at how the projecyt would maintain or increase employment in the state and will revieww Tulkoff's financial history, Brennab said. MEDCO will hold a hearing on Tulkoff's requesr Sept. 17. Tulkoff hopes to open the new which will beabout 80,000 squard feet, by first quarter 2008, Philip Tulkoff Tulkoff bought the 6-acre parcel of land at Holabirfd from the city this year for its appraisex value of $490,400. Tulkoff Food Products does notdisclose revenues. It employs about 70 people in and expects that level to stay roughl y the same after the newplang opens, Tulkoff said.
Last year, the compan y bought a food-service spice line from Baltimore Spice which added five to 10 he said. Tulkoff started at a producse stand run byJewish immigrants. it bills itself as the nation's largesft maker of prepared horseradish products for majodfood distributors. It processes 10 million poundsz of raw horseradish rooteach year. Tulkoff also has a plan t in California. MEDCO issues bonds about 15 timeaa year, mostly for nonprofit organizations, Brennabn said.
Very few manufacturers typically apply forthe bonds, he All together, MEDCO has issued bonds about 200 timese since the mid-1980s, and Brenna n said he could not recall any party ever opposing one of the MEDCO exists to help Maryland businessesw expand and attract new business to the state. It supportsd its operations from fees charged on projects such asbond
Family-owned Tulkoff, which has made horseradish in Baltimore since theearly 1920s, decided on the new site last Tulkoff had been looking for a new location for its East Baltimorr plant because the surrounding area has become less industria and more of a have n for young professionals who are rehabbing homes. Tulkofff has asked MEDCO to issue upto $6 million in bonds to help cover the cost of building the new As a public entity, MEDCO can get bond financiny at a lower interest rate than a company which makes repaying the money cheaper for CEO Philip Tulkoff said.
Maryland manufacturers like Tulkof f are eligiblefor tax-exempt financing through said Robert Brennan, MEDCO executive director. Although the bonds would be issuesdby MEDCO, the state agency wouldd not be on the hook to repayg the money, Brennan said. A division of GE wouled underwrite the bondsfor Tulkoff, Brennan and Tulkoff A bond underwriter provides funding for the borrower, buying the bondds and reselling them to othe investors. "It's very efficient and said Tulkoff, joking that "I'm allergid to higher rates.
" Tulkofdf was traveling and didn't have detailes about the interest rate at but said bonds issued by MEDCO would probably have an interesty rate of one to two percentage pointas lower than bonds issued bya company. Tulkofc Food Products plans to use monety from its operations and from the sale of its Brewers Hill property to repay the cost of building the Tulkoff said. "We look at any projecg in Baltimore City as considered to be a Brennan said. "We want to make sure we'rer able to support the manufacturing sector so it canremain competitive.
" To determine whether to issue the MEDCO's board will look at how the projecyt would maintain or increase employment in the state and will revieww Tulkoff's financial history, Brennab said. MEDCO will hold a hearing on Tulkoff's requesr Sept. 17. Tulkoff hopes to open the new which will beabout 80,000 squard feet, by first quarter 2008, Philip Tulkoff Tulkoff bought the 6-acre parcel of land at Holabirfd from the city this year for its appraisex value of $490,400. Tulkoff Food Products does notdisclose revenues. It employs about 70 people in and expects that level to stay roughl y the same after the newplang opens, Tulkoff said.
Last year, the compan y bought a food-service spice line from Baltimore Spice which added five to 10 he said. Tulkoff started at a producse stand run byJewish immigrants. it bills itself as the nation's largesft maker of prepared horseradish products for majodfood distributors. It processes 10 million poundsz of raw horseradish rooteach year. Tulkoff also has a plan t in California. MEDCO issues bonds about 15 timeaa year, mostly for nonprofit organizations, Brennabn said.
Very few manufacturers typically apply forthe bonds, he All together, MEDCO has issued bonds about 200 timese since the mid-1980s, and Brenna n said he could not recall any party ever opposing one of the MEDCO exists to help Maryland businessesw expand and attract new business to the state. It supportsd its operations from fees charged on projects such asbond
Monday, October 4, 2010
Captain asks for crowd noise - Boston Globe
tatyanagepoji.blogspot.com
ESPN | Captain asks for crowd noise Boston Globe AP / October 4, 2010 NEWPORT, Wales â€" Captain Colin Montgomerie wants » |
Sunday, October 3, 2010
Kendall
vishnevskiipavuh.blogspot.com
million foreclosure lawsuit against the developer of theRivendelll single-family home project in West The Miami-based bank filed the foreclosur e action on June 9 against Miami-based Crestvieew II, Marsol One LLC and managin g member Marcial Solis, according to records. The complainft targets 28 unsold homes and home sites in which is along MillerDrive (Southwestt 56th Street) between Southwest 167th Avenued and the Miccosukee Golf and Countryu Club. After starting construction in 2004, Crestviee II sold 103 homes in Rivendell from 2005 through the most recentg salein January. Fort Lauderdale-based attornegy Charles Lichtman, who represents TotalBanok in its demandfor $12.
2 million on the outstandingh mortgage, did not immediately returnn a call seeking comment. TotalBank reported having $86.4 million in late or unpaid ornearly 6.5 percent of its totalp loans, as of March 31. In March, filer a foreclosure action against Crestview II and Solisz overa $2.1 million
million foreclosure lawsuit against the developer of theRivendelll single-family home project in West The Miami-based bank filed the foreclosur e action on June 9 against Miami-based Crestvieew II, Marsol One LLC and managin g member Marcial Solis, according to records. The complainft targets 28 unsold homes and home sites in which is along MillerDrive (Southwestt 56th Street) between Southwest 167th Avenued and the Miccosukee Golf and Countryu Club. After starting construction in 2004, Crestviee II sold 103 homes in Rivendell from 2005 through the most recentg salein January. Fort Lauderdale-based attornegy Charles Lichtman, who represents TotalBanok in its demandfor $12.
2 million on the outstandingh mortgage, did not immediately returnn a call seeking comment. TotalBank reported having $86.4 million in late or unpaid ornearly 6.5 percent of its totalp loans, as of March 31. In March, filer a foreclosure action against Crestview II and Solisz overa $2.1 million
Friday, October 1, 2010
Gano Excelâ„¢ Evolution of Coffee Tour Comes to North Carolina with ... - PR Web (press release)
plesciamipukoa1855.blogspot.com
Gano Excelâ„¢ Evolution of Coffee Tour Comes to North Carolina with ... PR Web (press release) According to the Coffee Statistics Report 2010 Edition (www.coffee-statistics.com) 400 millions cups of coffee are consumed in the US every day. ... |
Thursday, September 30, 2010
StandUp For Kids relocates to Atlanta - Atlanta Business Chronicle:
http://www.karusell.ro/lista_oferte.php?ID=83
, a non-profit organization that was founded in 1990 in San decided to relocate to Atlanta after it got a generous offer fromRon Terwilliger, chairman and CEO of . Rick founder of StandUp for Kids and a retired Navy said the organization made itsdecision “when Ron Terwilliger offered us two floorxs of office space for two yearas at a dollar a The space at 83 Waltonn Street in downtown’s Fairlie-Poplar District will serve two It will house the national staff of the which runs primarily with the help of And it will have an outreach cente r for the homeless youth that will be open three nights a week.
The outreach center will be a placs where the kids can get a variety ofserviced -- such as a shower, a new set of cleamn clothes, opportunity to check their Facebook page or referrals to other services. Koca expectes the center initially will serve 40 to 50 In Atlanta, it is estimated that theree are between 4,500 and 5,000 homeless youtu that could use StandUp Kids’ services. “In our a child runs away evert minute,” Koca said. “Within 48 hours from leavingf home, 42 percent enter into prostitution just to Koca had anotheralarming statistic. “In our an average of 13 homeles kids die on the streets every day from diseaseor suicide.
That’s 5,000 kids a year,” Koca “And that’s more than all the soldiers who have died in As agrassroots organization, StandUp For Kids already has establishedf programs in more than 20 states, includinvg Arizona, California, Colorado, Florida, Illinois, Kansas/Missouri, Maryland, Massachusetts, Michigan, Minnesota, Nevada, Pennsylvania, Ohio, New North Carolina, Texas, Virginia, Washington and Washington, D.C.
Koca said the move to Atlantz also will help the organization expandx its programs on theEast “At any one time, there are 20 to 30 citiesd wanting us to start a program,” Koca StandUp For Kids will have its official opening Friday evening at its new Koca credited several firms for helping the centerr become established in Law firm provided pro-bono lega services for the past 18 Carpet manufacturer Beaulieu donated the carpeting, and Hon Furniture donated all the office furniture. providerd the funding to build out the outreacg center located on the basement level ofthe building. renovatedx the national office space.
, a non-profit organization that was founded in 1990 in San decided to relocate to Atlanta after it got a generous offer fromRon Terwilliger, chairman and CEO of . Rick founder of StandUp for Kids and a retired Navy said the organization made itsdecision “when Ron Terwilliger offered us two floorxs of office space for two yearas at a dollar a The space at 83 Waltonn Street in downtown’s Fairlie-Poplar District will serve two It will house the national staff of the which runs primarily with the help of And it will have an outreach cente r for the homeless youth that will be open three nights a week.
The outreach center will be a placs where the kids can get a variety ofserviced -- such as a shower, a new set of cleamn clothes, opportunity to check their Facebook page or referrals to other services. Koca expectes the center initially will serve 40 to 50 In Atlanta, it is estimated that theree are between 4,500 and 5,000 homeless youtu that could use StandUp Kids’ services. “In our a child runs away evert minute,” Koca said. “Within 48 hours from leavingf home, 42 percent enter into prostitution just to Koca had anotheralarming statistic. “In our an average of 13 homeles kids die on the streets every day from diseaseor suicide.
That’s 5,000 kids a year,” Koca “And that’s more than all the soldiers who have died in As agrassroots organization, StandUp For Kids already has establishedf programs in more than 20 states, includinvg Arizona, California, Colorado, Florida, Illinois, Kansas/Missouri, Maryland, Massachusetts, Michigan, Minnesota, Nevada, Pennsylvania, Ohio, New North Carolina, Texas, Virginia, Washington and Washington, D.C.
Koca said the move to Atlantz also will help the organization expandx its programs on theEast “At any one time, there are 20 to 30 citiesd wanting us to start a program,” Koca StandUp For Kids will have its official opening Friday evening at its new Koca credited several firms for helping the centerr become established in Law firm provided pro-bono lega services for the past 18 Carpet manufacturer Beaulieu donated the carpeting, and Hon Furniture donated all the office furniture. providerd the funding to build out the outreacg center located on the basement level ofthe building. renovatedx the national office space.
Tuesday, September 28, 2010
SunTrust to raise $1.4 billion in stock offer - The Business Review (Albany):
http://www.cocuklahayat.com/2009/08/yelken-hotel-spa-turgutreis-bodrum/
billion through a stock offerinh to boost its capital to meet federallgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 million shares at $13 a share. In relatiob to the offering, SunTrust (NYSE: STI) suspended its previously announcerd $1.25 billion “at the market” which raised $260 million. Further, SunTrusg began an offer to buy upto $1 billiob liquidation preference or amounty of certain of its currently outstanding preferred and hybrid securitiesd for cash using proceeds from the $1.4 billio equity offering. The moves come after the federal government’s “stressz test” found SunTrust needed to raisee $2.
2 billion in capital. And whilew SunTrust had sufficient tier 1 capital to absorbb projectedloan losses, its capital “tilted too to sources other than common the stress test revealed. Aftert completing the offerings announced Mondayand prior, SunTrus t expects to have fully satisfied its obligation. "Today's announcement underscores that we are on a clear path to achievde our previously announced capital objectiveas as we intensify our focusz onthe future," said Jamees M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-relatedf initiatives will boost its ability to repay, upon regulatory approvaol and at the appropriate time, preferred stocok gotten through participation in the U.S. Treasury's Capita l Purchase Plan.
billion through a stock offerinh to boost its capital to meet federallgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 million shares at $13 a share. In relatiob to the offering, SunTrust (NYSE: STI) suspended its previously announcerd $1.25 billion “at the market” which raised $260 million. Further, SunTrusg began an offer to buy upto $1 billiob liquidation preference or amounty of certain of its currently outstanding preferred and hybrid securitiesd for cash using proceeds from the $1.4 billio equity offering. The moves come after the federal government’s “stressz test” found SunTrust needed to raisee $2.
2 billion in capital. And whilew SunTrust had sufficient tier 1 capital to absorbb projectedloan losses, its capital “tilted too to sources other than common the stress test revealed. Aftert completing the offerings announced Mondayand prior, SunTrus t expects to have fully satisfied its obligation. "Today's announcement underscores that we are on a clear path to achievde our previously announced capital objectiveas as we intensify our focusz onthe future," said Jamees M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-relatedf initiatives will boost its ability to repay, upon regulatory approvaol and at the appropriate time, preferred stocok gotten through participation in the U.S. Treasury's Capita l Purchase Plan.
Monday, September 27, 2010
Patients atteints de RGO disposent d'un nouveau traitment - CNW Group
http://www.maslakulhuda.net/index.php?option=com_content&task=view&id=7&Itemid=28
Patients atteints de RGO disposent d'un nouveau traitment CNW Group ... distinctes de médicament à différents moments de la journée, ce qui assure un soulagement efficace et soutenu des symptômes, le jour comme la nuit. ... |
Saturday, September 25, 2010
County approves financing for Marlins stadium - Tampa Bay Business Journal:
http://wndcfoundation.org/page/Is-Behaviorial-Interviewing-a-New-Technique-.html
million gap in bond funding for abasebal stadium. The 9-3 vote clear the way for locking in the interest rate onthe fixed-ratre bonds – and construction of the much-debated and long-awaitedc stadium in Miami’s Little Havana. The park is supposedr to be finishedby 2012, with preliminary construction work to begib Wednesday. Commissioners voted after midnight Wednesday to alloa for a higher cap on one of the bondsx being sold in ordefr to coverthe county’s commitment on the $640 millio n stadium and infrastructure. The 7.5 percenrt interest rate cap was changeedto 8.2 percent on the bond tied to conventiom taxes.
The fact that the convention bond will sell at a highef interest rate will resultt in lower revenuefor Miami-Dade, County Managef George Burgess explained to commissioners. That created the need for more so Florida Marlins President David Samsoh promised to coverthe $6.2 milliobn funding gap. As a result of the the county is on the hookfor $342 milliojn in short-term financing, insteas of $347 million. "I feel comfortable with the agreement. The Marlinse will step up to the plate and pay theadditionalp $6 million. At the end of the day, the taxpayers are not goinvg to be on the hook for theadditionao monies,” Commissioner Bruno Barreiro said aftet the vote.
Katy Sorenson, Carlos Gimeneza and Sally Heyman were thethree ‘no’ The debate started at 7 but stopped at 9 p.m. to alloq attorneys to make changes in the financing package. The second chunko of bonds which carry a variablr rate will be priced startingJuly 13, with finak closing on the county’s portion of the bond financing packaged set for no later than July 14. Earlier Wednesday, commissionersw approved a change thatraisef ’s status as a creditor in the financinyg package. Wachovia, which is providing up to a $100 millioh letter of credit, requested that it be paid firsf fromthe county’s list of creditors.
The votes on Tuesda y and early Wednesday morning followed two other big OnJune 19, city commissioners voted to approve the necessar changes to the Marlind package to clear the way for the county’s changeds Tuesday. A circuit court judge also ruledf in favor of the county in one count of a civil lawsuit that coulr have prevented the county from selling the necessary bonds to buildfthe project. That case is on appeal in as is a lawsuity filed by auto dealer Norman who last November lost his lega l bid to declarethe stadium’s funding plan Work on the baseball stadium site is set to begib Wednesday. Crews will officially breai ground onJuly 18.
In county commissioners approved issuing bonds totalintg a maximumof $536 milliomn toward construction of the $640 million, 37,000-seat
million gap in bond funding for abasebal stadium. The 9-3 vote clear the way for locking in the interest rate onthe fixed-ratre bonds – and construction of the much-debated and long-awaitedc stadium in Miami’s Little Havana. The park is supposedr to be finishedby 2012, with preliminary construction work to begib Wednesday. Commissioners voted after midnight Wednesday to alloa for a higher cap on one of the bondsx being sold in ordefr to coverthe county’s commitment on the $640 millio n stadium and infrastructure. The 7.5 percenrt interest rate cap was changeedto 8.2 percent on the bond tied to conventiom taxes.
The fact that the convention bond will sell at a highef interest rate will resultt in lower revenuefor Miami-Dade, County Managef George Burgess explained to commissioners. That created the need for more so Florida Marlins President David Samsoh promised to coverthe $6.2 milliobn funding gap. As a result of the the county is on the hookfor $342 milliojn in short-term financing, insteas of $347 million. "I feel comfortable with the agreement. The Marlinse will step up to the plate and pay theadditionalp $6 million. At the end of the day, the taxpayers are not goinvg to be on the hook for theadditionao monies,” Commissioner Bruno Barreiro said aftet the vote.
Katy Sorenson, Carlos Gimeneza and Sally Heyman were thethree ‘no’ The debate started at 7 but stopped at 9 p.m. to alloq attorneys to make changes in the financing package. The second chunko of bonds which carry a variablr rate will be priced startingJuly 13, with finak closing on the county’s portion of the bond financing packaged set for no later than July 14. Earlier Wednesday, commissionersw approved a change thatraisef ’s status as a creditor in the financinyg package. Wachovia, which is providing up to a $100 millioh letter of credit, requested that it be paid firsf fromthe county’s list of creditors.
The votes on Tuesda y and early Wednesday morning followed two other big OnJune 19, city commissioners voted to approve the necessar changes to the Marlind package to clear the way for the county’s changeds Tuesday. A circuit court judge also ruledf in favor of the county in one count of a civil lawsuit that coulr have prevented the county from selling the necessary bonds to buildfthe project. That case is on appeal in as is a lawsuity filed by auto dealer Norman who last November lost his lega l bid to declarethe stadium’s funding plan Work on the baseball stadium site is set to begib Wednesday. Crews will officially breai ground onJuly 18.
In county commissioners approved issuing bonds totalintg a maximumof $536 milliomn toward construction of the $640 million, 37,000-seat
Friday, September 24, 2010
Ask the experts Indian business schools - Moneycontrol.com
http://www.psinterface.com/sleek_high-end.html
Ask the experts Indian business schools Moneycontrol.com The elite institutions, such as the IIM-A and the Indian School of Business, are besieged with applicants, all eager to earn a qualification which can ... |
Wednesday, September 22, 2010
Verizon worker settles battle with Communication Workers - Tampa Bay Business Journal:
http://gerdi.ru/index.php?newsid=20800
Angela Leitzel received compensatiojn for lost income and a promisr from the that they refrain from blocking employees from workint in California based on theirunioh membership. “California should take a lesson from No employee should ever be forcede to join or pay fees to anunwante union,” said Stefan Gleason, vice presidenft of the in a release. “The only way to eliminatse collusionbetween ‘big business’ and ‘bigy labor’ to discriminate against independent-minded employees is to eliminate forced unionismj altogether.
” Jim Spellane, a media directorr with in Washington, which represents communicationsw workers in Tampa, said the “unwanted” representatiob Gleason spoke about “includes better pay, benefitsz and job security than she woulcd have at a non-union company.” A call to the CWA seekintg comment was pending Bob Elek, a spokesman for Verizon VZ), said he was reserving comment until he could become more familiaer with the case. Leitzel was part of a Florida team assembled to work in Californiqa last February in an area representedby CWA.
She was not a memberd of the IBEW Local 824 in Tampaand didn’t need to be becausr Florida is a “Right to Work” state that forbids unionas from making membership mandatory. However, California doesn’t have such and Leitzel was removed fromthat state’sx project on Feb. 17, according to a releasee from the legal defense OnMarch 9, Leitzel tried again to head over to California, but once again she was deniecd because she was not a member of IBEW. The Nationalp Right to Work Foundationj provided Leitzel legal representation to file an unfair labotr practice charge against Verizon and thetwo unions.
They claimecd federal law prohibits employers from discriminating against employees based on union membership and that the CWA committe unfair labor practices by encouraging Verizon to discriminatragainst her. Along with compensation for lost time, Verizon agreedx to post a notice in its Tamp a and Bradenton offices as well as its Californiaz offices in Rancho San Bernardino and San Fernando that union discriminatiois illegal.
Angela Leitzel received compensatiojn for lost income and a promisr from the that they refrain from blocking employees from workint in California based on theirunioh membership. “California should take a lesson from No employee should ever be forcede to join or pay fees to anunwante union,” said Stefan Gleason, vice presidenft of the in a release. “The only way to eliminatse collusionbetween ‘big business’ and ‘bigy labor’ to discriminate against independent-minded employees is to eliminate forced unionismj altogether.
” Jim Spellane, a media directorr with in Washington, which represents communicationsw workers in Tampa, said the “unwanted” representatiob Gleason spoke about “includes better pay, benefitsz and job security than she woulcd have at a non-union company.” A call to the CWA seekintg comment was pending Bob Elek, a spokesman for Verizon VZ), said he was reserving comment until he could become more familiaer with the case. Leitzel was part of a Florida team assembled to work in Californiqa last February in an area representedby CWA.
She was not a memberd of the IBEW Local 824 in Tampaand didn’t need to be becausr Florida is a “Right to Work” state that forbids unionas from making membership mandatory. However, California doesn’t have such and Leitzel was removed fromthat state’sx project on Feb. 17, according to a releasee from the legal defense OnMarch 9, Leitzel tried again to head over to California, but once again she was deniecd because she was not a member of IBEW. The Nationalp Right to Work Foundationj provided Leitzel legal representation to file an unfair labotr practice charge against Verizon and thetwo unions.
They claimecd federal law prohibits employers from discriminating against employees based on union membership and that the CWA committe unfair labor practices by encouraging Verizon to discriminatragainst her. Along with compensation for lost time, Verizon agreedx to post a notice in its Tamp a and Bradenton offices as well as its Californiaz offices in Rancho San Bernardino and San Fernando that union discriminatiois illegal.
Tuesday, September 21, 2010
Think tank ranks Colorado least attractive state for oil, gas investment - Washington Business Journal:
http://www.makroserver.com/article/Sandra-L--Groscost-Added-to-the-Cambridge-Whos-Who-Network.html
The latest survey was issued June 24. It’s been conducted annually for three years by the Fraser Institutwin Calgary, Alberta, Canada. Arizona was left off the list for lack of The survey ranks states as well asothed countries. The first survey, in 2007, ranked Colorado at the top of the list of placese executives considered positively for oil andgas investment. By the state’s ranking had fallenn to No. 52 out of 81 locationz around the world. The June 2008 surveyu said executives had grown wary ofthe state’xs efforts to tighten rules governing oil and gas operations The new rules took effect April 1.
This the survey received 577 response and covered 143 jurisdictions around the Coloradoranked No. 81, below California and and above the Canadian province of Newfoundland and Labradod and the nationof Greenland. All three surveyd by the institute solicitedanonymous responses. According to the institute’sa report, the 10 most attractives jurisdictions for investment this according tothe are: Arkansas, Alabama, Kansas, Austria, Mississippi, South Dakota, Texas, Oklahoma, and The 10 least attractiv e jurisdictions for investment are Niger, Venezuela, Ecuador, Sudan, Russia, Bangladesh, Kazakhstan and Ethiopia.
Respondents ranked provinces, state and countries by investmentr barriers such as hightax rates, costlyu regulatory schemes, and security threats, among otherr factors. Scores were based on the proportiohn of negatives response ajurisdiction received; the greate r the proportion of negative responses, the greater the perceive investment barriers and therefore the lowert the jurisdiction ranked, according to the survey The report said investors listed several reasons for shifting investments to other areas, ranginhg from high tax rates, labor shortages, or costlgy and time-consuming regulations.
The survey quotedr an unnamed executive saying thatin Colorado, legal, and air qualith rules and regulations are beiny instituted at a dizzying pace. It is hard to keep up with as an Most of the regulators instituting and enforcing these new rulex have little or no experience in the industrty and do notunderstand operations. Often they cannot answer questions or even with theirown rules.” Colorado’s new oil and gas regulatione were backed by Gov.
Bill Rittere and environmental groups as needed toprotect Colorado’se wildlife, environment and public health The new rules have been opposedx by industry executives, who have said they will raise the cost of operating in Colorado. “Thies study demonstrates the harsh realit of an inconsistentregulatory regime, and these numbers run contrar y to the belief of some policy makere that Colorado’s energy industry will grow no mattedr the constraints placed upon it,” said Meg president of the Coloradoo Oil & Gas Association, in a statement.
But Theo spokesman for the Colorado Department ofNatural Resources, which oversees the agency that regulates oil and gas pointed to Colorado investments by big energ y companies such as interested in getting at the state’s natural gas. ExxonMobil announced June 22 it had doubler its natural gas processing capacity on the Western Slopre and planned to drill more wellw in the area over the nextseveraol years. “Actions speak louder than words,” Stein said. “Somes of the largest North American and global energuy companies are busy working and investinhgin Colorado’s future. They are planning to be here producing clean-burning natural gas for decades.
” But state Rep. Fran k McNulty, R-Highlands Ranch, said companiew like ExxonMobil have the money needed to complywith Colorado’s new “They can absorb the highere costs of production that are associated with the oil and gas McNulty said. “But what the Ritter administration has done is pricedx outthe mid- and small-leve companies that were looking to do business in The Fraser Institute is a think tank and research center that advocated “a free and prosperous world through choice, markets and .
The latest survey was issued June 24. It’s been conducted annually for three years by the Fraser Institutwin Calgary, Alberta, Canada. Arizona was left off the list for lack of The survey ranks states as well asothed countries. The first survey, in 2007, ranked Colorado at the top of the list of placese executives considered positively for oil andgas investment. By the state’s ranking had fallenn to No. 52 out of 81 locationz around the world. The June 2008 surveyu said executives had grown wary ofthe state’xs efforts to tighten rules governing oil and gas operations The new rules took effect April 1.
This the survey received 577 response and covered 143 jurisdictions around the Coloradoranked No. 81, below California and and above the Canadian province of Newfoundland and Labradod and the nationof Greenland. All three surveyd by the institute solicitedanonymous responses. According to the institute’sa report, the 10 most attractives jurisdictions for investment this according tothe are: Arkansas, Alabama, Kansas, Austria, Mississippi, South Dakota, Texas, Oklahoma, and The 10 least attractiv e jurisdictions for investment are Niger, Venezuela, Ecuador, Sudan, Russia, Bangladesh, Kazakhstan and Ethiopia.
Respondents ranked provinces, state and countries by investmentr barriers such as hightax rates, costlyu regulatory schemes, and security threats, among otherr factors. Scores were based on the proportiohn of negatives response ajurisdiction received; the greate r the proportion of negative responses, the greater the perceive investment barriers and therefore the lowert the jurisdiction ranked, according to the survey The report said investors listed several reasons for shifting investments to other areas, ranginhg from high tax rates, labor shortages, or costlgy and time-consuming regulations.
The survey quotedr an unnamed executive saying thatin Colorado, legal, and air qualith rules and regulations are beiny instituted at a dizzying pace. It is hard to keep up with as an Most of the regulators instituting and enforcing these new rulex have little or no experience in the industrty and do notunderstand operations. Often they cannot answer questions or even with theirown rules.” Colorado’s new oil and gas regulatione were backed by Gov.
Bill Rittere and environmental groups as needed toprotect Colorado’se wildlife, environment and public health The new rules have been opposedx by industry executives, who have said they will raise the cost of operating in Colorado. “Thies study demonstrates the harsh realit of an inconsistentregulatory regime, and these numbers run contrar y to the belief of some policy makere that Colorado’s energy industry will grow no mattedr the constraints placed upon it,” said Meg president of the Coloradoo Oil & Gas Association, in a statement.
But Theo spokesman for the Colorado Department ofNatural Resources, which oversees the agency that regulates oil and gas pointed to Colorado investments by big energ y companies such as interested in getting at the state’s natural gas. ExxonMobil announced June 22 it had doubler its natural gas processing capacity on the Western Slopre and planned to drill more wellw in the area over the nextseveraol years. “Actions speak louder than words,” Stein said. “Somes of the largest North American and global energuy companies are busy working and investinhgin Colorado’s future. They are planning to be here producing clean-burning natural gas for decades.
” But state Rep. Fran k McNulty, R-Highlands Ranch, said companiew like ExxonMobil have the money needed to complywith Colorado’s new “They can absorb the highere costs of production that are associated with the oil and gas McNulty said. “But what the Ritter administration has done is pricedx outthe mid- and small-leve companies that were looking to do business in The Fraser Institute is a think tank and research center that advocated “a free and prosperous world through choice, markets and .
Sunday, September 19, 2010
Colorado budget shortfall estimated at $384M - Denver Business Journal:
http://www.gsoares.org/article/Roasted-Beef-in-a-Slow-Cooker.html
But while legislators mentioned a number of possibls ways toreduce spending, Gov. Bill Ritte r insisted it was too early to discussd specifics and said that he wants to meet with legislative leaders and budget stafferx beforemaking decisions. MORE: MORE: With personal income-tax and sales-tax revenues on the decline, the state’s non-partisann Legislative Council said Mondaythat Colorado’s revenus will fall short of balancingt the budget by $249 million for the fiscal year that ends on June 30.
Ritterf said he plans to employ an accounting measure in whichy he will transfer the money from cash fundse onJune 30, the last day of this fiscal and transfer them back on July 1, to balancwe that budget. However, the continuinfg economic downturn is expectedx to leave the statwbudget $384 million short of allocated spending in the fiscalp year that begins July 1 and a cumulative $873 milliob short through the 2010-11 fiscal year, Legislative Council economist Nataliw Mullis said. And that meanx the Legislature will once again have to begin looking at stiff program cuts or ways to raisenew revenue. “We’rd in a continuing crisis said Sen.
Abel Tapia, after the forecast was presented tothe Legislature’a Joint Budget Committee Monday morning. “I was hoping for the and it didn’t happen for the better, it seems.” The Legislature can shavee about $150 million off of next year’a shortfall by once again cuttingthe state’x required reserve funds from 4 percent to 2 percentf of the general-fund But major changes are needed in both the short term and the long term to bring the statd budget into order, severak legislators agreed.
Senate Majority Leader John D-Colorado Springs, suggested that the idea of takingfsome $500 million from Pinnacol’s reserve accounts must be on the table though he wants to hear from an interik committee studying the issue before deciding whethef to back such a plan. The idea was shot down this year afte loud opposition from the businessz community andfrom Sen. Al White, R-Hayden, does not believe such a raid is but he thinks the Legislature must take the next couple of months to consider the idea of selling Pinnacok to aprivate buyer, a move that coulfd net the state as much as $2 billion, he Any sale must require conditions that shareholdersz in the insurance plan received the same benefits they now get, he said.
Sen. Moe Keller, D-Wheat Ridge, said the state has to consided raising college tuition or closinganothert prison. House Majority Leadef Paul Weissmann, D-Louisville, suggested that the state will have to considefr closingsome drivers’ licenses offices several days a week or even closinbg one or two community “I think that’s a terrible choice but one we might have to Weissmann said. Ritter refused to cite potentiall cutbacks or to take anythin g offthe table, saying that becausr the forecast is so new, leadersw must take time to look it over.
He also gave no timetabl on when he would recommend measures that includprogram cuts, a continued hirinvg freeze or layoffs but added that they wouldr be better off being done shortly into the next budgeg year. Ritter neither endorsed nor ruled out a special sessio to deal withthe budget. However, House Speakerr Terrance Carroll, D-Denver, emphasize d that because the Legislature approved contingency plans for such an economi forecast before thesession ended, there is no need for such a “We worked hard to balance the budget in a bipartisan way. While the predicted shortfall is disturbing, it’xs not surprising,” Carroll said.
House Minorit y Leader Mike May also said he would prefef to avoid aspecialk session, since any requirement for the Legislature to come back will cost the statse money. But if the governor does not step forwared to recommend cuts that should include layoffszand furloughs, the Legislature could act to brinbg about a session itself, the Parker Republicabn said. “We need to stop spending and stoprightr now,” May said.
“Every communitg in the state has had to do reductions and Andwe haven’t done much of that so
But while legislators mentioned a number of possibls ways toreduce spending, Gov. Bill Ritte r insisted it was too early to discussd specifics and said that he wants to meet with legislative leaders and budget stafferx beforemaking decisions. MORE: MORE: With personal income-tax and sales-tax revenues on the decline, the state’s non-partisann Legislative Council said Mondaythat Colorado’s revenus will fall short of balancingt the budget by $249 million for the fiscal year that ends on June 30.
Ritterf said he plans to employ an accounting measure in whichy he will transfer the money from cash fundse onJune 30, the last day of this fiscal and transfer them back on July 1, to balancwe that budget. However, the continuinfg economic downturn is expectedx to leave the statwbudget $384 million short of allocated spending in the fiscalp year that begins July 1 and a cumulative $873 milliob short through the 2010-11 fiscal year, Legislative Council economist Nataliw Mullis said. And that meanx the Legislature will once again have to begin looking at stiff program cuts or ways to raisenew revenue. “We’rd in a continuing crisis said Sen.
Abel Tapia, after the forecast was presented tothe Legislature’a Joint Budget Committee Monday morning. “I was hoping for the and it didn’t happen for the better, it seems.” The Legislature can shavee about $150 million off of next year’a shortfall by once again cuttingthe state’x required reserve funds from 4 percent to 2 percentf of the general-fund But major changes are needed in both the short term and the long term to bring the statd budget into order, severak legislators agreed.
Senate Majority Leader John D-Colorado Springs, suggested that the idea of takingfsome $500 million from Pinnacol’s reserve accounts must be on the table though he wants to hear from an interik committee studying the issue before deciding whethef to back such a plan. The idea was shot down this year afte loud opposition from the businessz community andfrom Sen. Al White, R-Hayden, does not believe such a raid is but he thinks the Legislature must take the next couple of months to consider the idea of selling Pinnacok to aprivate buyer, a move that coulfd net the state as much as $2 billion, he Any sale must require conditions that shareholdersz in the insurance plan received the same benefits they now get, he said.
Sen. Moe Keller, D-Wheat Ridge, said the state has to consided raising college tuition or closinganothert prison. House Majority Leadef Paul Weissmann, D-Louisville, suggested that the state will have to considefr closingsome drivers’ licenses offices several days a week or even closinbg one or two community “I think that’s a terrible choice but one we might have to Weissmann said. Ritter refused to cite potentiall cutbacks or to take anythin g offthe table, saying that becausr the forecast is so new, leadersw must take time to look it over.
He also gave no timetabl on when he would recommend measures that includprogram cuts, a continued hirinvg freeze or layoffs but added that they wouldr be better off being done shortly into the next budgeg year. Ritter neither endorsed nor ruled out a special sessio to deal withthe budget. However, House Speakerr Terrance Carroll, D-Denver, emphasize d that because the Legislature approved contingency plans for such an economi forecast before thesession ended, there is no need for such a “We worked hard to balance the budget in a bipartisan way. While the predicted shortfall is disturbing, it’xs not surprising,” Carroll said.
House Minorit y Leader Mike May also said he would prefef to avoid aspecialk session, since any requirement for the Legislature to come back will cost the statse money. But if the governor does not step forwared to recommend cuts that should include layoffszand furloughs, the Legislature could act to brinbg about a session itself, the Parker Republicabn said. “We need to stop spending and stoprightr now,” May said.
“Every communitg in the state has had to do reductions and Andwe haven’t done much of that so
Saturday, September 18, 2010
Chipotle Mexican Grill, Inc. Company Profile | CMG Company Information
lamoreuuceses1724.blogspot.com
Chipotle Mexican Grill, Inc. (Chipotle, the or We) operates 837 restaurants in 33 statee throughout theUnited States, the District of and Toronto, Canada as of Decembefr 31, 2008. Our restaurants server a focused menuof burritos, salads and burrito bowls (a burrito withoutg the tortilla), made usinhg fresh ingredients. People outside our company tend to categorize us as a fast casualk conceptrestaurants that are a step up from traditionaofast food, but not casual, sit-dowh places. Weve never worried much about what categortywere in.
Instead, we remain focused on trying to find the highestf quality ingredients we can to make great tasting on recruiting and retaining top performing people to ensurre that the restaurant experience we providesis exceptional; and on building restaurants that are operationallyu efficient, aesthetically pleasing and on doingy all of this with increasingb awareness and respect for the Chipotle began with a simplwe philosophy: demonstrate that food served fast doesnt have to be a traditionalk fast-food experience. Over the that vision has evolved. Today, our vision is to change the way the world thinkes about and eatsfast food.
We do this by avoidinb a formulaic approach when creating ourrestaurant experience, looking to fine-diningh restaurants for inspiration. ...
Chipotle Mexican Grill, Inc. (Chipotle, the or We) operates 837 restaurants in 33 statee throughout theUnited States, the District of and Toronto, Canada as of Decembefr 31, 2008. Our restaurants server a focused menuof burritos, salads and burrito bowls (a burrito withoutg the tortilla), made usinhg fresh ingredients. People outside our company tend to categorize us as a fast casualk conceptrestaurants that are a step up from traditionaofast food, but not casual, sit-dowh places. Weve never worried much about what categortywere in.
Instead, we remain focused on trying to find the highestf quality ingredients we can to make great tasting on recruiting and retaining top performing people to ensurre that the restaurant experience we providesis exceptional; and on building restaurants that are operationallyu efficient, aesthetically pleasing and on doingy all of this with increasingb awareness and respect for the Chipotle began with a simplwe philosophy: demonstrate that food served fast doesnt have to be a traditionalk fast-food experience. Over the that vision has evolved. Today, our vision is to change the way the world thinkes about and eatsfast food.
We do this by avoidinb a formulaic approach when creating ourrestaurant experience, looking to fine-diningh restaurants for inspiration. ...
Thursday, September 16, 2010
Empire Homes owner arrested - The Business Journal of the Greater Triad Area:
torbjorntrainer1738.blogspot.com
According to Lt. Brad Shirleyy of the Graham Police Department, DeWeese got into a disput in Elon on Saturday with a subcontracto r overunpaid bills. Elon policew were called, and when officers ran a records found that there was an arresrt warrant out for DeWeese in Graham officerswere called, and they arrestee DeWeese for felony obtaining money by false pretenses. Shirley said his offic e began investigating DeWeese in March over allegations that heaccepte $25,000 from a customer to buildx a home, but that work never began before his Empire Homes in shut down. Shirley said the warranf was issuedin May.
Shirley said his firsyt court appearance was scheduled for but did not have any other informatio onthe hearing. DeWeesew could not be immediately reached for DeWeese closedhis six-year-old home building companyy earlier this spring as it faced millions of dollars in liends and lawsuits for unpaid bills. Severakl of the company’s lots have been takemn back by banks, and recently, a trio of investorz bought Empire’s 23,000-square-foot headquarters for $854,43y7 in a foreclosure auction.
According to Lt. Brad Shirleyy of the Graham Police Department, DeWeese got into a disput in Elon on Saturday with a subcontracto r overunpaid bills. Elon policew were called, and when officers ran a records found that there was an arresrt warrant out for DeWeese in Graham officerswere called, and they arrestee DeWeese for felony obtaining money by false pretenses. Shirley said his offic e began investigating DeWeese in March over allegations that heaccepte $25,000 from a customer to buildx a home, but that work never began before his Empire Homes in shut down. Shirley said the warranf was issuedin May.
Shirley said his firsyt court appearance was scheduled for but did not have any other informatio onthe hearing. DeWeesew could not be immediately reached for DeWeese closedhis six-year-old home building companyy earlier this spring as it faced millions of dollars in liends and lawsuits for unpaid bills. Severakl of the company’s lots have been takemn back by banks, and recently, a trio of investorz bought Empire’s 23,000-square-foot headquarters for $854,43y7 in a foreclosure auction.
Wednesday, September 15, 2010
Biogen shares drop on 10th Tysabri PML case - Boston Business Journal:
batyushkinuxit.blogspot.com
The patient, who lives overseas and had been taking Tysabri for more than 30 is the 10th person to come down with PML sincde the multiple sclerosis drug was allowed back onto pharmacu shelvesin 2006. Three of those cases have been diagnosesthis month. The news prompted to lower its ratint onBiogen Idec’s stock to “hold” from “buy.” Investors responded with a sell-ofd that pushed shares of Biogen (Nasdaq: down 6 percent, to $46.99, at 1:21 p.m. which Cambridge, Mass.-based Biogen Idec produces at its manufacturinvg facilityin Virginia, is seen as a critically important product for the company and its partnet on the drug, Irish pharma Elan (NYSE: ELN).
Tysabri was intenderd to be an improved treatment for MS that could take the placre of blockbuster MStreatment Avonex, Biogen’s top-selling drug and one also made in RTP. But Tysabrio has had trouble with PML since first coming on the marketin 2004. The drug was shelves by the in 2005 because threew patients who had taken Tysabri in clinicap trialsdeveloped PML, with two of the cases fatal. The FDA allowed Tysabri back on the market a year latert under a special risk monitoring Tysabri has worked well to combaft multiple sclerosis symptoms in patients but it has not generatexd the revenue the Biogen and Elan had projected due in most part to PML The three PML cases reported this montyh have come in patients who had taken Tysabro for 30 months or and fears are growing that prolonged exposure to Tysabri increases the riskof PML.
Biogebn Idec disputes that Still, some doctors have started givinh patients a holiday from Tysabri in an efforr toavoid PML. In such scenarios, a patientg takes Tysabri for two yearsd before taking a break from the drug and turningb to other therapiesfor treatment. That trend is puttingg further downward pressure onthe drug’s sales. Biogeb Idec said in February that it would strugglse to meet its goalof 100,00o Tysabri patients by 2011. The news of yet another PML case likely puts that target even further outof reach.
The patient, who lives overseas and had been taking Tysabri for more than 30 is the 10th person to come down with PML sincde the multiple sclerosis drug was allowed back onto pharmacu shelvesin 2006. Three of those cases have been diagnosesthis month. The news prompted to lower its ratint onBiogen Idec’s stock to “hold” from “buy.” Investors responded with a sell-ofd that pushed shares of Biogen (Nasdaq: down 6 percent, to $46.99, at 1:21 p.m. which Cambridge, Mass.-based Biogen Idec produces at its manufacturinvg facilityin Virginia, is seen as a critically important product for the company and its partnet on the drug, Irish pharma Elan (NYSE: ELN).
Tysabri was intenderd to be an improved treatment for MS that could take the placre of blockbuster MStreatment Avonex, Biogen’s top-selling drug and one also made in RTP. But Tysabrio has had trouble with PML since first coming on the marketin 2004. The drug was shelves by the in 2005 because threew patients who had taken Tysabri in clinicap trialsdeveloped PML, with two of the cases fatal. The FDA allowed Tysabri back on the market a year latert under a special risk monitoring Tysabri has worked well to combaft multiple sclerosis symptoms in patients but it has not generatexd the revenue the Biogen and Elan had projected due in most part to PML The three PML cases reported this montyh have come in patients who had taken Tysabro for 30 months or and fears are growing that prolonged exposure to Tysabri increases the riskof PML.
Biogebn Idec disputes that Still, some doctors have started givinh patients a holiday from Tysabri in an efforr toavoid PML. In such scenarios, a patientg takes Tysabri for two yearsd before taking a break from the drug and turningb to other therapiesfor treatment. That trend is puttingg further downward pressure onthe drug’s sales. Biogeb Idec said in February that it would strugglse to meet its goalof 100,00o Tysabri patients by 2011. The news of yet another PML case likely puts that target even further outof reach.
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