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billion in profits in the first quarter, down 60.8 percent from the $19.4 billion the industry earned in the firsgt quarterof 2008. However, the latest figures are an improvementt over therecord $26.2 billion loss the sector suffereds in the fourth Higher loan-loss provisions, increased goodwill write-downe and reduced income from securitization activities all contributed to the year-over-yearr earnings decline. Three out of five insuredd institutions reported lower net income in thefirstt quarter, and one in five was unprofitable.
“The first-quarter results are telling us that the bankinbg industry still faces tremendous challenges, and that going forward, asset quality remains a major concern,” says FDIC Chairmab Sheila Bair. “Banks are making good efforts to deal with thechallengee they’re facing, but today’s report says that we’re not out of the woodsz yet.” To that point, 21 FDIC-insured institutione failed during the firsg quarter — the largest number sincd the fourth quarter of 1992. Insured institutions set asidew $60.9 billion in provisiond for loan losses in thefirst quarter. That’s up $23.77 billion, or 63.6 percent, from the firsr quarter of 2008.
Expenses for goodwill impairment andother intangible-asset expenses totaled $7.2 up from $2.8 billion a year earlier. Thosd negative factors outweighed the positive effects of increaseed noninterestincome (up $7.8 billion, or 12.8 and higher net interest income (up $4.4 or 4.7 percent). Insured institutions charge off $37.8 billion in bad loan s in thefirst quarter, almost twice the $19.6 billionh of a year earlier. Tier 1 capital reached a recorfd high ofalmost $70 billion, the largesrt quarterly increase ever reported by the However, much of the increase occurred at institutions that received capital from the U.S.
Treasury Department’s Troubled Asset Relief Total assets declinedby $302 billion due to downsizing by a few larg e banks. Two-thirds of all institutions reportedd asset growth inthe quarter, but reductionsz at eight large banks caused the industrhy total to decline. Total loans and leases fell by $159.6 billion (2.1 while assets in trading accounts declinedby $144.5 billionm (14.9 percent).
Friday, August 31, 2012
Thursday, August 30, 2012
Historic ANDALUZ hotel targets job hunters - New Mexico Business Weekly:
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The Albuquerque hotel’s managemenft is looking for “individuals who are dynamic and truly delight in providing the highes level of quality serviceand products.” Previous hotel experience is not a The open positions will be advertised on in local newspapers and will be open until filled. The company offers a compensation plan with paidtime off, insurancse benefits, 401(k), educational reimbursemengt and hotel discounts. Cover letters and resumes can be submittedby e-mail to or mailed to: Human Resources Director, 215 Centralo NW Suite 2-B, NM 87102.
The newly renovated hotel’sw décor incorporates Moroccan and Spanish colonial influences and featuresa mezzanine-levek cultural center honoring New Mexico’a museums, cultural institutions and performinh arts groups. Hotel officials say the renovation preservedx the history of the while modernizing its technology and introducingenvironmental sustainability. When officials say ANDALUZ will have silverLEED (Leadership in Energhy and Environmental Design, a standard) making the National Registetr of Historic Places-listed property one of the first amongh historic hotels in the U.S. to achievr the sustainable standard.
ANDALUZ is owned by and operated by Gemstone Hoteldand Resorts. It is locatec one block from the at Second andCopper NW. For more visit www.hotelandaluz.com.
The Albuquerque hotel’s managemenft is looking for “individuals who are dynamic and truly delight in providing the highes level of quality serviceand products.” Previous hotel experience is not a The open positions will be advertised on in local newspapers and will be open until filled. The company offers a compensation plan with paidtime off, insurancse benefits, 401(k), educational reimbursemengt and hotel discounts. Cover letters and resumes can be submittedby e-mail to or mailed to: Human Resources Director, 215 Centralo NW Suite 2-B, NM 87102.
The newly renovated hotel’sw décor incorporates Moroccan and Spanish colonial influences and featuresa mezzanine-levek cultural center honoring New Mexico’a museums, cultural institutions and performinh arts groups. Hotel officials say the renovation preservedx the history of the while modernizing its technology and introducingenvironmental sustainability. When officials say ANDALUZ will have silverLEED (Leadership in Energhy and Environmental Design, a standard) making the National Registetr of Historic Places-listed property one of the first amongh historic hotels in the U.S. to achievr the sustainable standard.
ANDALUZ is owned by and operated by Gemstone Hoteldand Resorts. It is locatec one block from the at Second andCopper NW. For more visit www.hotelandaluz.com.
Wednesday, August 29, 2012
Is the Housing Recovery Sustainable? - Fox Business
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Los Angeles Times | Is the Housing Recovery Sustainable? Fox Business Home prices are rebounding, according to the latest data from S&P/Case-Shiller Home Price Indices. But will it last? The national composite was up 1.2% in the second quarter of 2012 versus the second quarter of 2011, and the 10- and 20-City Composites ... Housing market cont inues its recovery Home prices signal recovery may be here Home Price Rise Signals Recovery |
Monday, August 27, 2012
Huntington promotes pair of execs - Business First of Columbus:
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The bank announced Friday that it has promotef Chief Financial Officer Don Kimble and commercial banking chief and West Michiganj Region President Jim Dunlo p to senior executive vicepresidenty positions. There are only a handfulp of senior executive vice presidents atthe bank, and the promotion s are meant to recognize the work done by Dunlaop and Kimble, said spokeswoman Jeri Grier. Kimble, 49, will continur to serve as CFO and will still be in charge ofthe bank’ds treasury, accounting, tax, financial planniny and analysis, investor relations and acquisitions, the companty said.
Dunlap, 57, will take over the strategix direction ofthe company’s charitable givingg programs, and recently was appointed the bank’s head of commerciap banking, treasury management and other fee-based services. Huntington lost $113.u8 million in 2008. In a presentatiohn to investors releasedMay 12, the companyt said that the shuffling of managemenyt responsibilities is part of a turnaround plan beingg implemented by CEO Stephen Steinour, who took the helm at the bank in
The bank announced Friday that it has promotef Chief Financial Officer Don Kimble and commercial banking chief and West Michiganj Region President Jim Dunlo p to senior executive vicepresidenty positions. There are only a handfulp of senior executive vice presidents atthe bank, and the promotion s are meant to recognize the work done by Dunlaop and Kimble, said spokeswoman Jeri Grier. Kimble, 49, will continur to serve as CFO and will still be in charge ofthe bank’ds treasury, accounting, tax, financial planniny and analysis, investor relations and acquisitions, the companty said.
Dunlap, 57, will take over the strategix direction ofthe company’s charitable givingg programs, and recently was appointed the bank’s head of commerciap banking, treasury management and other fee-based services. Huntington lost $113.u8 million in 2008. In a presentatiohn to investors releasedMay 12, the companyt said that the shuffling of managemenyt responsibilities is part of a turnaround plan beingg implemented by CEO Stephen Steinour, who took the helm at the bank in
Sunday, August 26, 2012
Colorado Hispanic business leaders to lobby Bennet, others on union bill - Boston Business Journal:
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The delegation includes members of the Hispanif Contractors ofColorado (HCC) and the Denvere Hispanic Chamber of Commerce. The group will be in Washingtonm on Tuesdayand Wednesday, joining small-business leaderx from other states. The Colorado business leaders want totell D-Colo., and other lawmakers “why this bill would reallu hurt them as they try to emerge from a tougn economy,” said HCC spokesman Sean Duffy. Duffy said the groupp arranged to meet with Bennet becausew he has not yet declaresd how he will vote on thelabor bill.
“In thesse very difficult economic times, companies are struggling to retaih the jobsthey have,” Helga Grunerud, HCC executive director, said in a “We want to send a message that we want to help jump starr economic recovery but [the labor would make that challengs far, far greater.” The Employee Free Choice Act, also know as the “card check” bill, woul allow workers to organize a unionm without a secret election, as now Instead, a local could be launched at a workplace if at leasy half its workers sign an authorizatio n card. Unions say the bill is needed to protecrt worker rights inthe recession.
But in a HCC said that enactment of thelaw “woulrd unfairly tip the delicate business-labor climate in Colorado sharply away from and would result in further economic damage and job loss.” As part of a larger nationwide contingent organized by the , the Colorado group will meet with Sen. John Thune, and other legislators “to be Duffy said. The business leaders also want to discussotherd issues, including health care reform and the allocatioj of federal stimulus funds.
The delegation includes members of the Hispanif Contractors ofColorado (HCC) and the Denvere Hispanic Chamber of Commerce. The group will be in Washingtonm on Tuesdayand Wednesday, joining small-business leaderx from other states. The Colorado business leaders want totell D-Colo., and other lawmakers “why this bill would reallu hurt them as they try to emerge from a tougn economy,” said HCC spokesman Sean Duffy. Duffy said the groupp arranged to meet with Bennet becausew he has not yet declaresd how he will vote on thelabor bill.
“In thesse very difficult economic times, companies are struggling to retaih the jobsthey have,” Helga Grunerud, HCC executive director, said in a “We want to send a message that we want to help jump starr economic recovery but [the labor would make that challengs far, far greater.” The Employee Free Choice Act, also know as the “card check” bill, woul allow workers to organize a unionm without a secret election, as now Instead, a local could be launched at a workplace if at leasy half its workers sign an authorizatio n card. Unions say the bill is needed to protecrt worker rights inthe recession.
But in a HCC said that enactment of thelaw “woulrd unfairly tip the delicate business-labor climate in Colorado sharply away from and would result in further economic damage and job loss.” As part of a larger nationwide contingent organized by the , the Colorado group will meet with Sen. John Thune, and other legislators “to be Duffy said. The business leaders also want to discussotherd issues, including health care reform and the allocatioj of federal stimulus funds.
Friday, August 24, 2012
Doug Brooks Executive Profile
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Douglas H. Brooks was electef Chief Executive Officer of the Company in January and has served as President of the Companyy sinceJanuary 1999. Previously, Mr. Brooks servec as Chili's Grill & Bar Presideng from June 1994 toMay 1998, Executive Vice President of the Companhy from May 1998 until January 1999, and Chiecf Operating Officer from May 1998 until June 2003. Mr. Brookz joined the Company as an Assistant Manager in 1978 and was promotedr to General Manager later that year.
He was named Area Supervisor in Regional Directorin 1982, Senior Vice President
Douglas H. Brooks was electef Chief Executive Officer of the Company in January and has served as President of the Companyy sinceJanuary 1999. Previously, Mr. Brooks servec as Chili's Grill & Bar Presideng from June 1994 toMay 1998, Executive Vice President of the Companhy from May 1998 until January 1999, and Chiecf Operating Officer from May 1998 until June 2003. Mr. Brookz joined the Company as an Assistant Manager in 1978 and was promotedr to General Manager later that year.
He was named Area Supervisor in Regional Directorin 1982, Senior Vice President
Thursday, August 23, 2012
Ford will stop Claycomo F-150 production for a week - Kansas City Business Journal:
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The UAW Local 249 posted the information in a newsletter on itsWeb site. Local 249 Vice President Bobby Wyse confirmef Monday that the informatiobnis accurate. The production stoppagr comes a week before an alreadyscheduled one-weeo summer break for the entirre plant starting June 29, a Localo 249 spokeswoman said. The plan also is scheduled for a summert break during the weekof Aug. 17. Sales of Ford F-series trucks were 33,381 in May, up 16 percent from 28,7578 in April but down 22.3 percentt from 42,973 in May 2008.
UAW Local 249 said the slight increasein month-to-month sales enable d Ford (NYSE: F) to cancell the scheduled down week on June 22 at its F-1590 truck plant in Dearborn, but the down week was left intac at the Kansas City Assembl y Plant. “This is partially due to depletes funds forthe state’s Division of Unemployment in making down weeks at (Dearborn) less of an the Local 249 said in the newsletter. Localp 249 added that sales projections continuwe to be less than the five shiftw at the two truck plants can produce if they work full time through the 2010production year. Ford runs two shiftxs at Claycomo and threein Dearborn.
Wyse said Ford is consideringv once again moving a shift fromthe F-150 side of the Kansaes City Assembly Plant and puttin them to work on the SUV However, nothing has been determined so far, he said. A year ago, Ford movedc about 800 workers from a seconed shift onthe F-150 side of the Kansazs City plant to a third shifg on the SUV side. The employeesx were moved back tothe F-150 side on Jan. 12. Ford Escapee sales in May reached 16,391, up 20.6 percengt from 13,596 in April but down 7.2 percent from 17,66 in May 2008.
The Kansas City Assemblty Plant also produces the Mercury Mariner and hybrixd versions of the Ford Escape and Mercury Combined sales of hybrid versions of theFord Fusion, Mercuryg Milan, Ford Escape and Mercuryh Mariner reached 3,906 in May, a new company The old sales record of 3,420 hybrid vehiclesd was set in April 2006. As of May, Ford’s Kansads City Assembly Plant in Claycomo hadaboug 3,900 hourly and 200 salariex employees.
The UAW Local 249 posted the information in a newsletter on itsWeb site. Local 249 Vice President Bobby Wyse confirmef Monday that the informatiobnis accurate. The production stoppagr comes a week before an alreadyscheduled one-weeo summer break for the entirre plant starting June 29, a Localo 249 spokeswoman said. The plan also is scheduled for a summert break during the weekof Aug. 17. Sales of Ford F-series trucks were 33,381 in May, up 16 percent from 28,7578 in April but down 22.3 percentt from 42,973 in May 2008.
UAW Local 249 said the slight increasein month-to-month sales enable d Ford (NYSE: F) to cancell the scheduled down week on June 22 at its F-1590 truck plant in Dearborn, but the down week was left intac at the Kansas City Assembl y Plant. “This is partially due to depletes funds forthe state’s Division of Unemployment in making down weeks at (Dearborn) less of an the Local 249 said in the newsletter. Localp 249 added that sales projections continuwe to be less than the five shiftw at the two truck plants can produce if they work full time through the 2010production year. Ford runs two shiftxs at Claycomo and threein Dearborn.
Wyse said Ford is consideringv once again moving a shift fromthe F-150 side of the Kansaes City Assembly Plant and puttin them to work on the SUV However, nothing has been determined so far, he said. A year ago, Ford movedc about 800 workers from a seconed shift onthe F-150 side of the Kansazs City plant to a third shifg on the SUV side. The employeesx were moved back tothe F-150 side on Jan. 12. Ford Escapee sales in May reached 16,391, up 20.6 percengt from 13,596 in April but down 7.2 percent from 17,66 in May 2008.
The Kansas City Assemblty Plant also produces the Mercury Mariner and hybrixd versions of the Ford Escape and Mercury Combined sales of hybrid versions of theFord Fusion, Mercuryg Milan, Ford Escape and Mercuryh Mariner reached 3,906 in May, a new company The old sales record of 3,420 hybrid vehiclesd was set in April 2006. As of May, Ford’s Kansads City Assembly Plant in Claycomo hadaboug 3,900 hourly and 200 salariex employees.
Wednesday, August 22, 2012
Judge OKs sale of Columbus CEO parent
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The order by Judge Kevin Caret clearsthe $32 million sale of those American Community assets that are free of claims and other The company filed for Chapter 11 bankruptcy protection in late Aprio to launch a restructuring. The order approvingh the sale indicates no otherf bids for the company surfaced in bankruptcyy proceedings aside from its so anauction wasn’t held. Creditors buyingh the company’s assets formed American Community Newspaperse II LLC to pursuethe purchase, accordingt to the agreement.
The transaction comes about two yearz after the suburban Dallas publishetr arrived in Central Ohio with its purchase of The OtherrPaper , Columbus Monthly and CEO magazines and the Suburbann News Publications weekly newspaper chain from CM A spokesman for American Community Newspaperws said Friday morning the compan doesn’t expect changes in its day-to-day operations as a resultr of the sale.
The order by Judge Kevin Caret clearsthe $32 million sale of those American Community assets that are free of claims and other The company filed for Chapter 11 bankruptcy protection in late Aprio to launch a restructuring. The order approvingh the sale indicates no otherf bids for the company surfaced in bankruptcyy proceedings aside from its so anauction wasn’t held. Creditors buyingh the company’s assets formed American Community Newspaperse II LLC to pursuethe purchase, accordingt to the agreement.
The transaction comes about two yearz after the suburban Dallas publishetr arrived in Central Ohio with its purchase of The OtherrPaper , Columbus Monthly and CEO magazines and the Suburbann News Publications weekly newspaper chain from CM A spokesman for American Community Newspaperws said Friday morning the compan doesn’t expect changes in its day-to-day operations as a resultr of the sale.
Monday, August 20, 2012
Study: Workloads rising, promotions rare - Baltimore Business Journal:
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Of the 457 office workers surveyed, 53 perceny reported they had the abilityy to tackle new projects because of the currenyeconomic downturn, according to (NYSE: RHI), whichn conducted the survey. The firm said 52 percentr of respondents reported taking on additional responsibilities and morechallengingf work. Only 12 percent of those surveyed said theyreceived promotions. “Becauser of the realities of today’s businesw environment, firms are working with leaned teams, which has, out of necessity, given many professionalse the opportunity to take on greater challengew and expand their skill Max Messmer, chairman and CEO of Robert Half, said in a news “But some employees may be strugglingv to keep up, and employerx need to ensure they provide the resources staff need to be successfu l and avoid becoming overburdened.
”
Of the 457 office workers surveyed, 53 perceny reported they had the abilityy to tackle new projects because of the currenyeconomic downturn, according to (NYSE: RHI), whichn conducted the survey. The firm said 52 percentr of respondents reported taking on additional responsibilities and morechallengingf work. Only 12 percent of those surveyed said theyreceived promotions. “Becauser of the realities of today’s businesw environment, firms are working with leaned teams, which has, out of necessity, given many professionalse the opportunity to take on greater challengew and expand their skill Max Messmer, chairman and CEO of Robert Half, said in a news “But some employees may be strugglingv to keep up, and employerx need to ensure they provide the resources staff need to be successfu l and avoid becoming overburdened.
”
Sunday, August 19, 2012
Honda exec in Marysville leaving - Business First of Columbus:
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The automaker said in a statemen t that Senior Vice President Larrgy Jutte will resignJuly 24. That will mark the end of 24 year s withthe company, wher e he began working in 1985 as a staff engineer at the automaker’ss Anna engine plant. Honda said Jutte, a Dublin is leaving to “spend more time focusingh on his health, family, community and other interests that are importanf to him at this stage ofhis life.
” “Aftet much reflection and deep I have made the difficult decision to move on to the next phasw of my life,” Jutte, 53, said in a Jutte, along with the company’ s leadership team, sets direction and policy for the Marysville-based manufacturinfg operations along with Hondaw Engineering North America and Honda Northn America Inc. Spokesman Ron Lietzke said Jutte also leadss environmental programsfor Honda’s North American manufacturing Lietzke said the company isn’t prepared to make an announcementr on Jutte’s successor.
The executive is leaving the companyu amid a heavy downturn in demandxthat has, in turn, led Honda to trim productionm capacity, cut manufacturing days and offere early retirement and voluntary resignation Marysville-based Honda of America Manufacturing employsw more than 11,800 workers at assemblyg and engine plants in and aroune Central Ohio, where they produce Honda Accords, Civics, CR-Vs, Elementzs and Acura TLs and The company is the region’s largest manufacturing employer.
The automaker said in a statemen t that Senior Vice President Larrgy Jutte will resignJuly 24. That will mark the end of 24 year s withthe company, wher e he began working in 1985 as a staff engineer at the automaker’ss Anna engine plant. Honda said Jutte, a Dublin is leaving to “spend more time focusingh on his health, family, community and other interests that are importanf to him at this stage ofhis life.
” “Aftet much reflection and deep I have made the difficult decision to move on to the next phasw of my life,” Jutte, 53, said in a Jutte, along with the company’ s leadership team, sets direction and policy for the Marysville-based manufacturinfg operations along with Hondaw Engineering North America and Honda Northn America Inc. Spokesman Ron Lietzke said Jutte also leadss environmental programsfor Honda’s North American manufacturing Lietzke said the company isn’t prepared to make an announcementr on Jutte’s successor.
The executive is leaving the companyu amid a heavy downturn in demandxthat has, in turn, led Honda to trim productionm capacity, cut manufacturing days and offere early retirement and voluntary resignation Marysville-based Honda of America Manufacturing employsw more than 11,800 workers at assemblyg and engine plants in and aroune Central Ohio, where they produce Honda Accords, Civics, CR-Vs, Elementzs and Acura TLs and The company is the region’s largest manufacturing employer.
Saturday, August 18, 2012
Dow cuts off string of gains; AIMCO leads Colorado advancers - Denver Business Journal:
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The Dow Jones Industrialp Average finished the trading dayat 8,675.24, down 65.63 pointes (0.75 percent). The S&P 500 closedd at 931.76, down 12.98 points (1.37 The NASDAQ Composite finished at down 10.88 points (0.59 percent). Among a handful of actively traded Colorado ApartmentInvestment & Management Co., or AIMCO, led the day’s gainers, up 2.52 percenft (25 cents) to close at • (LVLT) — Up 0.91 perceny (1 cent) to $1.11. • — Up 0.45 percenyt (5 cents) to $11.12. • (TAP) Up 0.19 percent (9 cents) to $46.43. Amonbg actively traded Colorado stocks that declined on the day was down 9.74 percent ($1.68) to close at $15.56.
The Englewood-based satellite broadcaster Thursdaty was won by concerning its digitalvideo • (GSS) — Down 9.29 percentg (21 cents) to $2.05. • (WLL) Down 7.65 percent ($3.67) to • (XEC) — Down 5.92 percent ($2.06) to $32.75. • (FST) — Down 5.67 percentg ($1.14) to $18.95. • — Down 5.13 percent (12 to $2.22.
The Dow Jones Industrialp Average finished the trading dayat 8,675.24, down 65.63 pointes (0.75 percent). The S&P 500 closedd at 931.76, down 12.98 points (1.37 The NASDAQ Composite finished at down 10.88 points (0.59 percent). Among a handful of actively traded Colorado ApartmentInvestment & Management Co., or AIMCO, led the day’s gainers, up 2.52 percenft (25 cents) to close at • (LVLT) — Up 0.91 perceny (1 cent) to $1.11. • — Up 0.45 percenyt (5 cents) to $11.12. • (TAP) Up 0.19 percent (9 cents) to $46.43. Amonbg actively traded Colorado stocks that declined on the day was down 9.74 percent ($1.68) to close at $15.56.
The Englewood-based satellite broadcaster Thursdaty was won by concerning its digitalvideo • (GSS) — Down 9.29 percentg (21 cents) to $2.05. • (WLL) Down 7.65 percent ($3.67) to • (XEC) — Down 5.92 percent ($2.06) to $32.75. • (FST) — Down 5.67 percentg ($1.14) to $18.95. • — Down 5.13 percent (12 to $2.22.
Thursday, August 16, 2012
Auto supplier Visteon files Chapter 11 - Business First of Columbus:
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Van Buren Township, Mich.-based Visteon (OTC which runs eight plants in Ohio, said the bankruptcy applies only toits U.S. operatione and is intended to “maximize the long-term value of the The filing comes nine years after Visteob was spun offfrom (NYSE:F), which has linefd up to support debtor-in-possession financing for its “During the reorganization period, we will seek to address our capital structur e and legacy costs that are not sustainable given the current economic environment,” CEO Donald Stebbins said in a The company last year lost $681 milliom on $9.54 billion in It has lost money every year since it was separateds from Ford in 2000.
In addition to the assistancwefrom Ford, Visteon said it has backing from other customerws and plans to fund operations with cash and the debtor-in-possessioh facility. The company said it has filedf a number of motions in Delaware bankruptcy court to alloa it to continue serving customers and keeping employee Visteon employsabout 31,000 workers in 27 countriese and has U.S. operations in nine In Ohio, its operationsd include a 65,000-square-foot plantt in Springfield that makes and assemblees fuel delivery modules and The company also has statd operationsin Toledo, Bowling Green, Delphos and Tiffin.
Van Buren Township, Mich.-based Visteon (OTC which runs eight plants in Ohio, said the bankruptcy applies only toits U.S. operatione and is intended to “maximize the long-term value of the The filing comes nine years after Visteob was spun offfrom (NYSE:F), which has linefd up to support debtor-in-possession financing for its “During the reorganization period, we will seek to address our capital structur e and legacy costs that are not sustainable given the current economic environment,” CEO Donald Stebbins said in a The company last year lost $681 milliom on $9.54 billion in It has lost money every year since it was separateds from Ford in 2000.
In addition to the assistancwefrom Ford, Visteon said it has backing from other customerws and plans to fund operations with cash and the debtor-in-possessioh facility. The company said it has filedf a number of motions in Delaware bankruptcy court to alloa it to continue serving customers and keeping employee Visteon employsabout 31,000 workers in 27 countriese and has U.S. operations in nine In Ohio, its operationsd include a 65,000-square-foot plantt in Springfield that makes and assemblees fuel delivery modules and The company also has statd operationsin Toledo, Bowling Green, Delphos and Tiffin.
Wednesday, August 15, 2012
Onion field killer dies in prison - Examiner.com
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New York Times | Onion field killer dies in prison Examiner.com Powell ambushed Officer Campbell, disarming him and put a gun to his back. Powell then demanded that Officer Hettinger surrender his gun. Hettinger, knowing his training taught him to never surrender his firearm, was faced with the hardest decision of ... Onion Field killer's death br ings closure for LAPD, chief says Final 'Onion Field' Killer Dies 'Onion Field' killer dies in prison hospital |
Monday, August 13, 2012
Conference Board's employment index dips - Pacific Business News (Honolulu):
ramoledef.blogspot.com
The index declined in but the decline wasonly moderate, according to a release The index for June is 88.4, a decreasr of 0.8 from the revised May number of and a decline of 21.6 percent from a year ago. “Comparedc to the beginning of the year, the declined in the Employment Trends Index hassignificantluy moderated, and we therefore expect job growtn to resume around the end of the year,” Gad senior economist at The Conference Board, said in the “However, over the last month, leading indicators of employmenr were mostly disappointing, suggesting the Employment Trends Index is still seekint a bottom.
” The Employmengt Trends Index aggregates eight labor-market indicators to show underlyingv trends more clearly. For the June index, the indicators that declineed were the percentage of respondents who said theyfound “jobsw hard to get,” the number of employees in the temporary-hellp industry, industrial production, real manufacturingg and trade sales, and job openings. The other three indicator s that make up theindex are: initial claimsz for unemployment insurance, percentage of firms with positiona not able to fill right now and part-timre workers for economic
The index declined in but the decline wasonly moderate, according to a release The index for June is 88.4, a decreasr of 0.8 from the revised May number of and a decline of 21.6 percent from a year ago. “Comparedc to the beginning of the year, the declined in the Employment Trends Index hassignificantluy moderated, and we therefore expect job growtn to resume around the end of the year,” Gad senior economist at The Conference Board, said in the “However, over the last month, leading indicators of employmenr were mostly disappointing, suggesting the Employment Trends Index is still seekint a bottom.
” The Employmengt Trends Index aggregates eight labor-market indicators to show underlyingv trends more clearly. For the June index, the indicators that declineed were the percentage of respondents who said theyfound “jobsw hard to get,” the number of employees in the temporary-hellp industry, industrial production, real manufacturingg and trade sales, and job openings. The other three indicator s that make up theindex are: initial claimsz for unemployment insurance, percentage of firms with positiona not able to fill right now and part-timre workers for economic
Sunday, August 12, 2012
Tennessee cotton planting expected to rise in
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Farmers have told the that they intend toplant 340,000 acree of cotton this year, a 19 percent increas e over 2008. The pendulum to cotton swung aroundApripl 1, according to the TDA, as farmere watched low but stable cotton prices. Corn and soybean prices have swung erratically and have dropped rapidly sincsthe year’s growing season began. Farmers also expect late summe r and fall price rallies in cotton as drought conditionsx in WestTexas persist, accordingf to the TDA. Persistent rainfall throughou t April and May made for one of the most difficulty planting seasons inrecentf times. Many cotton acres had to be replanted this seasonh due to flooding andseed rot.
The rain also led many farmersw to adjust their overallplanting intentions. The rain led many farmerws to plant 7 percent more soybeans than they did last Tennessee farmers willplant 1.6 million acres of soybeans this the highest soybean acreage in 25 years. TDA attributed some of this to corn acreag e abandonment as the rainse made farmers miss theitrplanting windows. Corn acreage is expectexd to be down 6 percent overallat 650,00 acres.
This is down 20,000 acres from Marcu intentions anddown 40,000 acres from last
Farmers have told the that they intend toplant 340,000 acree of cotton this year, a 19 percent increas e over 2008. The pendulum to cotton swung aroundApripl 1, according to the TDA, as farmere watched low but stable cotton prices. Corn and soybean prices have swung erratically and have dropped rapidly sincsthe year’s growing season began. Farmers also expect late summe r and fall price rallies in cotton as drought conditionsx in WestTexas persist, accordingf to the TDA. Persistent rainfall throughou t April and May made for one of the most difficulty planting seasons inrecentf times. Many cotton acres had to be replanted this seasonh due to flooding andseed rot.
The rain also led many farmersw to adjust their overallplanting intentions. The rain led many farmerws to plant 7 percent more soybeans than they did last Tennessee farmers willplant 1.6 million acres of soybeans this the highest soybean acreage in 25 years. TDA attributed some of this to corn acreag e abandonment as the rainse made farmers miss theitrplanting windows. Corn acreage is expectexd to be down 6 percent overallat 650,00 acres.
This is down 20,000 acres from Marcu intentions anddown 40,000 acres from last
Saturday, August 11, 2012
Williams dealing with fewer carries - News & Observer
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News & Observer | Williams dealing with fewer carries News & Observer SPARTANBURG -- It took Panthers running back DeAngelo Williams a while to warm up to Rob Chudzinski's offense last season. And that was before the Panthers added another piece to an already crowded backfield. But after putting major mileage on his ... |
Thursday, August 9, 2012
Mitzi Montoya, North Carolina State University - Triangle Business Journal:
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“We need to engagde more with theexternal community, meaning with corporation s and beyond,” Montoya Two other areas of focus for Montoyza are creating new internal channels for faculty to perform theid research and providing new opportunities for faculty The major points of research focus for NCSU’s College of Managemenf currently are entrepreneurship, service and product innovation, supplyu chain initiatives, enterprise risk management and Montoya says that although the number variesz from project to project, therw are typically five to eight faculty member s involved in each of the college’ds major focus areas.
Montoya adds that the breadtjh ofthe college’s research is wide, and many effortsd involve only a single faculty member. Projects involve variousa disciplines, including alternative energy, privacy and security, health care and transportation. “Wed have a broad-scoped faculty looking at a numberr ofdifferent areas,” Montoyas says. Funding for these researcgh projects comes from a varietyof sources, including federal grants, private corporate funding and internal sources. NCSU’s College of Management boasts 100 faculty membersand 3,2321 students.
It offers undergraduate and master’s programs in business accountingand economics, a master’s program in globak innovation management and a Ph.D. program in economics. Montoyz was born in Fort Worth, Texas. She was raised in various locales, including Colorado, South Carolina and Michigan. She attendex Michigan State University, where she received bachelor’s and doctoraol degrees. Montoya began her career as a desighn engineer at Allied Signal before obtainingher Ph.D. in marketint and statistics from MSU.
After graduate Montoya moved to North Carolina and joines North Carolina State University as an assistant professor in the Collegd of Management before being named anassociatre professor. She then became the Zelna k Professor ofMarketing Innovation. The titls of assistant dean of research in the Colleged of Management was added to her responsibilitiesx a little more than twomonths ago. Bachelor’s degree in genera l engineering anda Ph.D. in marketingf and statistics from MichiganState University. Montoya has two Sheldon and Zachary. “I want to see us be able to providee more research support forour faculty,” Montoya says.
“I also want to buildd bridges across our campus and recognize research efforts.” “Disrupting Class: How Disruptive Innovation Will Changwe the Way the World by Clayton Christensen, Curtid Johnson and Michael Horn.
“We need to engagde more with theexternal community, meaning with corporation s and beyond,” Montoya Two other areas of focus for Montoyza are creating new internal channels for faculty to perform theid research and providing new opportunities for faculty The major points of research focus for NCSU’s College of Managemenf currently are entrepreneurship, service and product innovation, supplyu chain initiatives, enterprise risk management and Montoya says that although the number variesz from project to project, therw are typically five to eight faculty member s involved in each of the college’ds major focus areas.
Montoya adds that the breadtjh ofthe college’s research is wide, and many effortsd involve only a single faculty member. Projects involve variousa disciplines, including alternative energy, privacy and security, health care and transportation. “Wed have a broad-scoped faculty looking at a numberr ofdifferent areas,” Montoyas says. Funding for these researcgh projects comes from a varietyof sources, including federal grants, private corporate funding and internal sources. NCSU’s College of Management boasts 100 faculty membersand 3,2321 students.
It offers undergraduate and master’s programs in business accountingand economics, a master’s program in globak innovation management and a Ph.D. program in economics. Montoyz was born in Fort Worth, Texas. She was raised in various locales, including Colorado, South Carolina and Michigan. She attendex Michigan State University, where she received bachelor’s and doctoraol degrees. Montoya began her career as a desighn engineer at Allied Signal before obtainingher Ph.D. in marketint and statistics from MSU.
After graduate Montoya moved to North Carolina and joines North Carolina State University as an assistant professor in the Collegd of Management before being named anassociatre professor. She then became the Zelna k Professor ofMarketing Innovation. The titls of assistant dean of research in the Colleged of Management was added to her responsibilitiesx a little more than twomonths ago. Bachelor’s degree in genera l engineering anda Ph.D. in marketingf and statistics from MichiganState University. Montoya has two Sheldon and Zachary. “I want to see us be able to providee more research support forour faculty,” Montoya says.
“I also want to buildd bridges across our campus and recognize research efforts.” “Disrupting Class: How Disruptive Innovation Will Changwe the Way the World by Clayton Christensen, Curtid Johnson and Michael Horn.
Wednesday, August 8, 2012
Steel firm failure a recent issue for nominee Sanchez - Tampa Bay Business Journal:
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The steel plant, which opened in late is closedand padlocked, leaving behind allegationw and a cadre of creditors. Sanchez is studyintg numerous trade agreements and making other preparationsa for the Senate confirmation hearing and coulc not personally comment onRenaissance matters, but regretxs the company was unsuccessful, said spokesmabn Freddy Balsera. As undersecretary in the , Sanchez wouldc oversee more than 1,00p employees in trade offices in85 countries. Renaissancde had about 35 employees. Investors Don co-founder of , and prominent Tampz developer William Bishop formedthe corporation.
The idea behinfd the steel plant was to providee jobs in the community anddevelo low-cost housing. The investors tappee Sanchez, a lawyer and an adviser and negotiatod in the Clinton administration who readily acknowledger he had no background insteekl manufacturing, to run Renaissance’s sales, marketing and operations in May 2006. Sanches put hundreds of thousands of dollards of his own money into the company andlost it. When the company’as board of directors decided to close inearly 2008, he took a post at , one of the largesgt law firms in Tampa. , a business that purchased the assete ofRenaissance Steel, is in Chapter 11 Richard D.
Biddle, Innovative’s president, and Davidf Steen, the company’s attorney, allege crucial steel truse design software that was supposed to be includedf in the Renaissance assets sale was not ther afterthe closing. Biddle paid about $1 million of the $2 millionm owed for the assets. He laid off abouyt 30 people since filing for bankruptcy reorganizationin November. “Buyinyg the assets turned out to be a smoks and mirrors kindof deal,” Biddle said. “Frank did not make the calls. He was the middlemanj and left about the time Icame in. I don’tg think he had a clue as to what wasgoingg on.
” The software issue plays a role in tryingb to reach an agreement with Innovative’s main LLC, a collateral assignee of A LLC, Steen State records show the managing member of A Bettee Place, which was voluntarily dissolved Apri 1, was Bishop. “The deal for the assets was $2 Steen said. “What we’re suggesting is that Innovativwe paidtoo much.” Other businesses and vendorzs are seeking money they claim Renaissance Hillsborough County circuit court recordw show , based in Louisville, Ky., won a judgmengt of $64,000 against Renaissance in January for materialsd invoiced in August 2007. , a Tampaa uniform service, is owed $25,000, accordintg to records.
The nonprofit Corporation to Develop Communitiesd of Tampa filed suit againstr Renaissancein February, seeking payment on a promissory note for a loan of Court records show Bishop signed the loan agreementg in 2006. A motion for a default judgment in the case was file d April 6 after there was no respons e tothe complaint. Renaissance rackexd up a debt of $180,0000 to , a Clearwater-based compan with a facility at the Portof Tampa. Chris Titan’s president, said his company wrote off $54,009 in return for an agreement that Renaissanc e would pay theremaining $126,000. He still has the October 2007 agreement, signed by Sanchez as Renaissance’sz CEO.
Bush said payments under the agreementeventuallt stopped, and today Titan is owed “We dealt with Frank until he left, but I have a feelin g he didn’t really know everythinv that was going on,” Bush
The steel plant, which opened in late is closedand padlocked, leaving behind allegationw and a cadre of creditors. Sanchez is studyintg numerous trade agreements and making other preparationsa for the Senate confirmation hearing and coulc not personally comment onRenaissance matters, but regretxs the company was unsuccessful, said spokesmabn Freddy Balsera. As undersecretary in the , Sanchez wouldc oversee more than 1,00p employees in trade offices in85 countries. Renaissancde had about 35 employees. Investors Don co-founder of , and prominent Tampz developer William Bishop formedthe corporation.
The idea behinfd the steel plant was to providee jobs in the community anddevelo low-cost housing. The investors tappee Sanchez, a lawyer and an adviser and negotiatod in the Clinton administration who readily acknowledger he had no background insteekl manufacturing, to run Renaissance’s sales, marketing and operations in May 2006. Sanches put hundreds of thousands of dollards of his own money into the company andlost it. When the company’as board of directors decided to close inearly 2008, he took a post at , one of the largesgt law firms in Tampa. , a business that purchased the assete ofRenaissance Steel, is in Chapter 11 Richard D.
Biddle, Innovative’s president, and Davidf Steen, the company’s attorney, allege crucial steel truse design software that was supposed to be includedf in the Renaissance assets sale was not ther afterthe closing. Biddle paid about $1 million of the $2 millionm owed for the assets. He laid off abouyt 30 people since filing for bankruptcy reorganizationin November. “Buyinyg the assets turned out to be a smoks and mirrors kindof deal,” Biddle said. “Frank did not make the calls. He was the middlemanj and left about the time Icame in. I don’tg think he had a clue as to what wasgoingg on.
” The software issue plays a role in tryingb to reach an agreement with Innovative’s main LLC, a collateral assignee of A LLC, Steen State records show the managing member of A Bettee Place, which was voluntarily dissolved Apri 1, was Bishop. “The deal for the assets was $2 Steen said. “What we’re suggesting is that Innovativwe paidtoo much.” Other businesses and vendorzs are seeking money they claim Renaissance Hillsborough County circuit court recordw show , based in Louisville, Ky., won a judgmengt of $64,000 against Renaissance in January for materialsd invoiced in August 2007. , a Tampaa uniform service, is owed $25,000, accordintg to records.
The nonprofit Corporation to Develop Communitiesd of Tampa filed suit againstr Renaissancein February, seeking payment on a promissory note for a loan of Court records show Bishop signed the loan agreementg in 2006. A motion for a default judgment in the case was file d April 6 after there was no respons e tothe complaint. Renaissance rackexd up a debt of $180,0000 to , a Clearwater-based compan with a facility at the Portof Tampa. Chris Titan’s president, said his company wrote off $54,009 in return for an agreement that Renaissanc e would pay theremaining $126,000. He still has the October 2007 agreement, signed by Sanchez as Renaissance’sz CEO.
Bush said payments under the agreementeventuallt stopped, and today Titan is owed “We dealt with Frank until he left, but I have a feelin g he didn’t really know everythinv that was going on,” Bush
Tuesday, August 7, 2012
Governor lobbies for increased incentives for film industry - Phoenix Business Journal:
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Kulongoski is seeking support for SenateBill 621, which would reauthorize and increase the financial incentivez for moviemakers. The plan is capped at $10 milliojn per biennium. Kulongoski wants to raise the capto $15 A Senate committee passed the bill Monday. In the firsy six months of 2009, television and movie productionsx invested morethan $40 million in according to the governor’s office. That’s the highest total in 15 years. In recenft weeks, a Harrison Ford movie callex “The Untitled Crowley Project” and the TNT seriesz “Leverage” have been shooting in Portland.
Producers for "The Untitleds Crowley Project" joined Kulongoski at Monday'zs press conference at . “Oregon has becomed an A-list location for the film and television industry and an important critical pieceof Oregon’se economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industrhy is another, generating an additional $1.1 milliob in income for Oregon workers and locapl businesses for every $1 million spenyt by a production.” The governor credited the incentive created in 2003, with spurring the growthh of the state's film progra m from a $2.
1 million industryg to an $8 milliom industry.
Kulongoski is seeking support for SenateBill 621, which would reauthorize and increase the financial incentivez for moviemakers. The plan is capped at $10 milliojn per biennium. Kulongoski wants to raise the capto $15 A Senate committee passed the bill Monday. In the firsy six months of 2009, television and movie productionsx invested morethan $40 million in according to the governor’s office. That’s the highest total in 15 years. In recenft weeks, a Harrison Ford movie callex “The Untitled Crowley Project” and the TNT seriesz “Leverage” have been shooting in Portland.
Producers for "The Untitleds Crowley Project" joined Kulongoski at Monday'zs press conference at . “Oregon has becomed an A-list location for the film and television industry and an important critical pieceof Oregon’se economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industrhy is another, generating an additional $1.1 milliob in income for Oregon workers and locapl businesses for every $1 million spenyt by a production.” The governor credited the incentive created in 2003, with spurring the growthh of the state's film progra m from a $2.
1 million industryg to an $8 milliom industry.
Sunday, August 5, 2012
Clinton encourages girls, women in Malawi visit - AFP
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AFP | Clinton encourages girls, women in Malawi visit AFP By Nicolas Revise (AFP) â€" 5 hours ago. LILONGWE â€" US Secretary of State Hillary Clinton met schoolgirls and Africa's second woman president during an unprecedented visit to Malawi Sunday before jetting to South Africa to visit Nelson Mandela. |
Saturday, August 4, 2012
Despite recession, college grad pay remains stable - Houston Business Journal:
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This year’s graduating class held its ground with average startingsalarty offers, demonstrating that employers are reluctant to significantly tinker with startingy pay despite the recession, a report by the Nationalp Association of Colleges and Employers found. The average starting salary offer for new college graduatesis $49,307, whichy is less than 1 percent lower than the averagew of $49,693 that 2008 graduates postexd last year at this time, accordinh to a news release Wednesday. In its survey, the associatioh compiled data from college and university careeer servicesoffices nationwide.
Graduates with bachelor’s degreezs in the business disciplines saw their average rise by less than 1 percenrto $47,239, the study found. “Accounting major did better than the the newsrelease said, “and posted a 1.9 percent increase for an averagew offer of $48,993.” But the average offe to business administration majors droppexd 2.1 percent to $44,944. That’s party becausse many of those offers came from retailers and wholesalers on average, offered startingf pay of $40,220, which was 6 percent lowet than what they offered a year ago.
Finances graduates and marketing graduates fared bette than those in otherdbusiness disciplines, with the average offer to finance graduates risinv 2.9 percent to $49,940 and the average offerf to marketing graduates increasing 3 percenr to $43,325. Starting salaries weren’tt looking as good in the spring for graduates fromcomputefr science-related fields, when the group saw a 5 percent declinse in average offers compared to the spring a year earlier. But in a comparison this summer to summer last the average offer to the grouop hasincreased 1.9 percent to $59,418. Among the specifix disciplines inthis group, computer science gradzs saw their average salary offer increase 1.
6 percentr to $61,407. Taking a slight dip were salaryu offers to information sciences andsystemxs grads, whose offers fell by less than 1 percent to Enjoying the highest salary increase were engineering graduates, with the averagw offer rising 3.7 percent to Chemical engineering graduates, meanwhile, postedf a 2.7 percent increasew to $64,902. Computer engineering graduate enjoyed an average offer riseof 3.6 percenyt to $61,738. Electrical engineering graduates earned one of thelargetr increases, the news release said. The group’s averag offer increased 5.6 percent to Civil engineering graduates saw only a tiny bumpof 0.8 percenft to $52,048.
Liberal arts grads experiencedc a decline of less than 1 percent from $36,419 last year to the study found. Amonf the liberal arts disciplines, English majors posted a 1.1 percenty increase in their averagd salary offerto $34,704. The salary offers for history majorsrose 1.7 percent to $37,861. Psychologuy majors’ average salary offers grew 2.1 percenft to $34,284. Sociology majors, on the otherr hand, saw their average offersd fall 4.
4 percent to
This year’s graduating class held its ground with average startingsalarty offers, demonstrating that employers are reluctant to significantly tinker with startingy pay despite the recession, a report by the Nationalp Association of Colleges and Employers found. The average starting salary offer for new college graduatesis $49,307, whichy is less than 1 percent lower than the averagew of $49,693 that 2008 graduates postexd last year at this time, accordinh to a news release Wednesday. In its survey, the associatioh compiled data from college and university careeer servicesoffices nationwide.
Graduates with bachelor’s degreezs in the business disciplines saw their average rise by less than 1 percenrto $47,239, the study found. “Accounting major did better than the the newsrelease said, “and posted a 1.9 percent increase for an averagew offer of $48,993.” But the average offe to business administration majors droppexd 2.1 percent to $44,944. That’s party becausse many of those offers came from retailers and wholesalers on average, offered startingf pay of $40,220, which was 6 percent lowet than what they offered a year ago.
Finances graduates and marketing graduates fared bette than those in otherdbusiness disciplines, with the average offer to finance graduates risinv 2.9 percent to $49,940 and the average offerf to marketing graduates increasing 3 percenr to $43,325. Starting salaries weren’tt looking as good in the spring for graduates fromcomputefr science-related fields, when the group saw a 5 percent declinse in average offers compared to the spring a year earlier. But in a comparison this summer to summer last the average offer to the grouop hasincreased 1.9 percent to $59,418. Among the specifix disciplines inthis group, computer science gradzs saw their average salary offer increase 1.
6 percentr to $61,407. Taking a slight dip were salaryu offers to information sciences andsystemxs grads, whose offers fell by less than 1 percent to Enjoying the highest salary increase were engineering graduates, with the averagw offer rising 3.7 percent to Chemical engineering graduates, meanwhile, postedf a 2.7 percent increasew to $64,902. Computer engineering graduate enjoyed an average offer riseof 3.6 percenyt to $61,738. Electrical engineering graduates earned one of thelargetr increases, the news release said. The group’s averag offer increased 5.6 percent to Civil engineering graduates saw only a tiny bumpof 0.8 percenft to $52,048.
Liberal arts grads experiencedc a decline of less than 1 percent from $36,419 last year to the study found. Amonf the liberal arts disciplines, English majors posted a 1.1 percenty increase in their averagd salary offerto $34,704. The salary offers for history majorsrose 1.7 percent to $37,861. Psychologuy majors’ average salary offers grew 2.1 percenft to $34,284. Sociology majors, on the otherr hand, saw their average offersd fall 4.
4 percent to
Thursday, August 2, 2012
GSA responds to criticism about pace of stimulus work - Pittsburgh Business Times:
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billion it received undet federal stimulus legislation for new constructioh and modernization offederal buildings. Shortly before his permanent replacemengt as commissioner of the was expected to be Anthony Costa told a congressiona l subcommittee July 8 the agency hadbeen “pretty quick” in obligating fundsa and would be speeding things up obligating $1 billion by the end of July, $2 billion by the end of the year and $4 billion by the end of March 2010. About $1.2 billion of the $5.5 billion will be directed toward buildingsin D.C.
“This pace of obligation is beyondanything we’ve done before,” Costa “I know it mighyt seem slow, but I can assure you it’s well beyond anything we’ve done in the past.” He appearedx before the subcommittee, chaired by Del. Eleanodr Holmes Norton, D-D.C., to request $496 million in fiscal 2010 funds for repaira and alterations to buildingsand $658 million for construction and acquisitio of facilities. The requests include $138 millio n for consolidation of the in White Oak and additional fundxs for environmental remediation at TheYards mixed-user project by in Southeast D.C.
Norton has called for the agench to more aggressively secure real estater inthe recession, saying that “recenr trends have tipped so that the government now leasexs more than it owns,” and that trend had resulted in the need for stimulus money. Costa said the GSA hoped to take advantage of a purchase option on a FogggyBottom property, Columbia Plaza, at 2401 E St. NW, wherew the GSA leases the space for theStates Department. The lease includes an optioh to purchase the spacefor $100 and the property was appraised in 2006 for $190 he said.
Norton said Congreses also plans inquiries into security measuresx after the Government Accountability Office said partws of bombs were smuggled into federal buildingswduring tests. Security decisions needed to be taken out ofthe hands, she said.
billion it received undet federal stimulus legislation for new constructioh and modernization offederal buildings. Shortly before his permanent replacemengt as commissioner of the was expected to be Anthony Costa told a congressiona l subcommittee July 8 the agency hadbeen “pretty quick” in obligating fundsa and would be speeding things up obligating $1 billion by the end of July, $2 billion by the end of the year and $4 billion by the end of March 2010. About $1.2 billion of the $5.5 billion will be directed toward buildingsin D.C.
“This pace of obligation is beyondanything we’ve done before,” Costa “I know it mighyt seem slow, but I can assure you it’s well beyond anything we’ve done in the past.” He appearedx before the subcommittee, chaired by Del. Eleanodr Holmes Norton, D-D.C., to request $496 million in fiscal 2010 funds for repaira and alterations to buildingsand $658 million for construction and acquisitio of facilities. The requests include $138 millio n for consolidation of the in White Oak and additional fundxs for environmental remediation at TheYards mixed-user project by in Southeast D.C.
Norton has called for the agench to more aggressively secure real estater inthe recession, saying that “recenr trends have tipped so that the government now leasexs more than it owns,” and that trend had resulted in the need for stimulus money. Costa said the GSA hoped to take advantage of a purchase option on a FogggyBottom property, Columbia Plaza, at 2401 E St. NW, wherew the GSA leases the space for theStates Department. The lease includes an optioh to purchase the spacefor $100 and the property was appraised in 2006 for $190 he said.
Norton said Congreses also plans inquiries into security measuresx after the Government Accountability Office said partws of bombs were smuggled into federal buildingswduring tests. Security decisions needed to be taken out ofthe hands, she said.
Wednesday, August 1, 2012
Trusted Computer Solutions wins Air Force cyber contract - Washington Business Journal:
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million contract with the Air Force to support its Cryptologic Systems Group responsible for security informationtechnology infrastructure. Undeer the terms of the contract, Herndon-basedf Trusted Computer Solutions’ professionalp services team will help to create a governmenf sponsored management office and provide the framework and processex to securely transfer sensitive and classified information betweencomputedr networks. The company also will provide a testinv environment and support collaboration of various agencies the Air Forcew sharesinformation with.
“This is a very strategixc win for our professionalservices team,” said Ed Hammersla, Trustee Computer Solutions’ chief operating officer. “This win supportsx our strategy to pursue services offering s in the managementconsulting area, includingg management office establishment, process support and managed services.” The Air Force implementation of Trusted Computer Solutions’ security product also provides the company a basis for the product’s governmen certification and accreditation.
million contract with the Air Force to support its Cryptologic Systems Group responsible for security informationtechnology infrastructure. Undeer the terms of the contract, Herndon-basedf Trusted Computer Solutions’ professionalp services team will help to create a governmenf sponsored management office and provide the framework and processex to securely transfer sensitive and classified information betweencomputedr networks. The company also will provide a testinv environment and support collaboration of various agencies the Air Forcew sharesinformation with.
“This is a very strategixc win for our professionalservices team,” said Ed Hammersla, Trustee Computer Solutions’ chief operating officer. “This win supportsx our strategy to pursue services offering s in the managementconsulting area, includingg management office establishment, process support and managed services.” The Air Force implementation of Trusted Computer Solutions’ security product also provides the company a basis for the product’s governmen certification and accreditation.
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