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Hospital CEO Scott North said St. John’s has been experiencing the same troubles as other health fewer patients, more of them failing to pay their bills and unfriendly credit “We’re not immune to the economics of the day righ t now,” North said. For now, the hospital expects to spendabou $7 million over the next year to sprucew up and provide equipment for its women’x care, cancer care and emergency departmentsd while adding a level to its one-deck parkin g garage. Roseville-based McGough Cos. is the lead That project will be funded by normalcash flow. The projecyt is a far cry fromthe $68 million that St.
John’s originally planned to spenxd to expandthe 320,000-square-foot facility by 33,000 square increasing the number of beds by 30 to a total of 214. “We’re trying to be good stewards ofour dollars,” Nortgh said. “I don’t want the communityy to think we’re not going to invesyt in St. John’s.” After officials at St. Paul-basedr considered declining patient admissions and a tightcredig market, they decided that taking out a $68 milliob bond issue wasn’t prudent right now, said Bob Gill, HealthEast’sd chief financial officer.
HealthEasrt also wanted to eventually expand its Woodwindsw Health Campusin Woodbury, but that project will have to too. “It didn’t take long to realizs it made good business sense to put everythingyon hold,” Gill said. “All of those things are very disappointinhfor us.” As the economic crisise ramped up in July and August, inpatienr admissions at St. John’s were 7.3 percentf lower than a year before, and admissions for the entirw HealthEast systemdropped 6.2 percent, Gill said.
Gill isn’gt sure why admissions are down, but hospital administratorse across the country have reported caseesof cash-strapped patients forgoing elective procedures such as knee replacementas and hernia surgery. Meanwhile, the bottojm has fallen out of the credit with once-respected financial insitutions going under and Congresws speeding through a $700 billion bailout to stave off disaster. Back in HealthEast was able to pay for its expansionat St. Joseph’as Hospital in St. Paul with a $105 milliomn bond issue at a 5.8 percengt fixed rate. A bond issue now could run as high as 9 Gill said.
Lawrence Massa, presidenty of the , said it’s been difficult recentlty forthe association’s larg members to borrow money. Even at , one of the largesr providers in the Twin executives recently expressed relief after securinga $521 million debt-refinancin g deal that reduced a skyrocketingh interest rate on some bonds. It also issued $225 millionn in new bonds to help pay for areplacemeny children’s hospital in Minneapoliss that’s under construction. Fairview CEO Mark Eustis said the financial-industr y collapse delayed the deals.
“Wer had to step back from that and wait until the credit market returned to some kindof stability,” he isn’t planning a bond issue for the expansiomn of its hospital in Stillwater. But CEO Jeff Robertson said the economic downtur n caused him to hold off for afew months, especiallyh after he started getting $30 millionb construction quotes for the first phase. The quotes were highet than the $25 million projection from in St. “We need a better sense moving forwarcd with what these numbers are goingvto be,” Robertson said.
Saturday, December 31, 2011
Thursday, December 29, 2011
Report: California to shed 1M jobs during recession - Phoenix Business Journal:
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The pace of private-sector job losses will slow over the next few but state and local government layoffeare beginning, the Business Forecastingv Center at the said in its latesy California and Metro Forecast released The forecast said California’s unemployment will peak at 12.3 percenft early next year, and will remain in double-digits until the end of 2011. The cented produces quarterly economic forecasts of the United California and ninemetro areas, from Sacramento to Fresnpo and the San Francisco Bay In the Sacramento unemployment will rise from 11.1 percent this year to peak at 11.4 percent next year, before dipping to 10.2 percent in 2011, the reporyt said.
Unemployment is expected to reac 9.2 percent in 2012. The Sacramento area is forecast to reboundf in the third quarterf ofnext year, when job growth will improvre to 0.8 percent. A “strong rebound is expected to take placer in professionaland business, and educational and health services sectors,” the report said of “Job growth is expected to have its first positive full year at 2.0 perceny in 2011.” Sacramento’s real personal meanwhile, will grow at a slow rate of 1.
5 percent next San Jose and San Francisco will be the firstt metro areas in Northern California to return to theire pre-recession employment levels, in the second and third quarterw of 2012, respectively, the study Sacramento and Merced will be amontg the last north state metro areas to regain peak in fourth-quarter 2013. Vallejo is last, with a returb expected in the second quarterof 2014. The Central Valley will be hard hit by the combinatio of recent state tax increasesd and massive expectedbudget cuts, the Business Forecasting Centet said.
“The state budgetf crisis is a dangerous aftershock to a regiobn still reeling from the foreclosure earthquake,” Jeff Michael, director of the Businessx Forecasting Center, said in a news The Central Valley is an economic disaster area, but most of its “economic shocks are cyclicapl in nature rather than permanent changes such as closed militart bases,” the news release said. • Construction continuex to lead job lossed inpercentage terms, declining anotherr 15 percent to 110,000 in 2009. Manufacturing will lead the declinein 2009, losingt 135,000 jobs this year. Retail sales will not return to theidr 2007 leveluntil 2011.
• New car and trucl sales will fallbelow 1.06 million in 2009, aftetr exceeding 2 million for most of the Sales will gradually increase as the economy reaching 1.46 million next year, and 1.73 milliobn in 2011. • Housingb starts hit bottom in 2009at 36,000 more than 80 percent below the levels seen in 2004 and 2005. Housinf starts will be back to 100,000 unitz in 2011, and exceed 150,0090 by 2013. • Health care is the only secto that will not shrinkthis year. The gain of 13,000 health care or 0.9 percent, is the slowest growth this • Personal income declines 0.8 percent in 2009.
• Nonfarnm payrolls will declineby 1,020,000 jobs statewide during the two-year • The California economy will finally hit bottom in the fourtu quarter of this year, and will begin a slow, multi-year recovery. It will be 2013 beforr many key economic indicators such as unemployment returm tohealthy levels. • The state’w recession should end in the last quarter of this but the job markey will remain weak through most ofnext
The pace of private-sector job losses will slow over the next few but state and local government layoffeare beginning, the Business Forecastingv Center at the said in its latesy California and Metro Forecast released The forecast said California’s unemployment will peak at 12.3 percenft early next year, and will remain in double-digits until the end of 2011. The cented produces quarterly economic forecasts of the United California and ninemetro areas, from Sacramento to Fresnpo and the San Francisco Bay In the Sacramento unemployment will rise from 11.1 percent this year to peak at 11.4 percent next year, before dipping to 10.2 percent in 2011, the reporyt said.
Unemployment is expected to reac 9.2 percent in 2012. The Sacramento area is forecast to reboundf in the third quarterf ofnext year, when job growth will improvre to 0.8 percent. A “strong rebound is expected to take placer in professionaland business, and educational and health services sectors,” the report said of “Job growth is expected to have its first positive full year at 2.0 perceny in 2011.” Sacramento’s real personal meanwhile, will grow at a slow rate of 1.
5 percent next San Jose and San Francisco will be the firstt metro areas in Northern California to return to theire pre-recession employment levels, in the second and third quarterw of 2012, respectively, the study Sacramento and Merced will be amontg the last north state metro areas to regain peak in fourth-quarter 2013. Vallejo is last, with a returb expected in the second quarterof 2014. The Central Valley will be hard hit by the combinatio of recent state tax increasesd and massive expectedbudget cuts, the Business Forecasting Centet said.
“The state budgetf crisis is a dangerous aftershock to a regiobn still reeling from the foreclosure earthquake,” Jeff Michael, director of the Businessx Forecasting Center, said in a news The Central Valley is an economic disaster area, but most of its “economic shocks are cyclicapl in nature rather than permanent changes such as closed militart bases,” the news release said. • Construction continuex to lead job lossed inpercentage terms, declining anotherr 15 percent to 110,000 in 2009. Manufacturing will lead the declinein 2009, losingt 135,000 jobs this year. Retail sales will not return to theidr 2007 leveluntil 2011.
• New car and trucl sales will fallbelow 1.06 million in 2009, aftetr exceeding 2 million for most of the Sales will gradually increase as the economy reaching 1.46 million next year, and 1.73 milliobn in 2011. • Housingb starts hit bottom in 2009at 36,000 more than 80 percent below the levels seen in 2004 and 2005. Housinf starts will be back to 100,000 unitz in 2011, and exceed 150,0090 by 2013. • Health care is the only secto that will not shrinkthis year. The gain of 13,000 health care or 0.9 percent, is the slowest growth this • Personal income declines 0.8 percent in 2009.
• Nonfarnm payrolls will declineby 1,020,000 jobs statewide during the two-year • The California economy will finally hit bottom in the fourtu quarter of this year, and will begin a slow, multi-year recovery. It will be 2013 beforr many key economic indicators such as unemployment returm tohealthy levels. • The state’w recession should end in the last quarter of this but the job markey will remain weak through most ofnext
Tuesday, December 27, 2011
Borobudur: place of pilgrimage - The Nation
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The Nation | Borobudur: place of pilgrimage The Nation Buddhists from Thailand, Tibet, China and other Asian countries make a point of including Borobudur in Java on any pilgrimage. The monument, which some call a temple, others a mandala or cosmic mountain, ... |
NBA Free Agents 2011: Los Angeles Clippers Sign Reggie Evans SB Nation The Clippers made if official Thursday afternoon, announcing that they had signed Reggie Evans to a one-year contract. Evans will earn the veteran's minimum of about $1.3 million. The 6-foot-8 Evans will be a backup and provide the Clippers with a ... Clippers sign Evans Reggie Evans Is Last Ha wk Standing Clippers sign free agent Reggie Evans |
Tuesday, December 20, 2011
Greater Kansas City LISC seeks applicants for redevelopment loans - Kansas City Business Journal:
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The loans are available through the Acquisition and PredevelopmengLoan Fund, which Greaterr Kansas City LISC started in 2007. The fund now has $7 millionj from three investors: and each provided $1 and , of which Greateer Kansas City LISC isa member, providecd $5 million. No loans have been made from the John Wood, senior program officer for Greater Kansase City LISC, said Tuesday. “We’ve had some interest in it, but the projectsd haven’t quite gelled,” he said. “The projectg falls through because the economy and the real estatee market has really hitus hard.
” This fund differzs from other funds administered by Greated Kansas City LISC because it focuses on such as land acquisition, engineering and architecturall services, and environmental studies, Wood said. Loanzs will be considered to suppor development in LISC NeighborhoodsNOW communities on both sides of thestatw line, the organization said in a The fund’s loans carry a 7 percent fixe interest rate, closing fees of as much as 1.5 percent and applicable legal fees.
Phase I environmenta l assessment and evidence of complianc with zoning and regulatory and land use requirements may be Since 1981, Greater Kansas City LISC has invested more than $106 milliom in urban-core neighborhoods on both sides of the stater line. The loans have leveraged $567.7 millio in total development.
The loans are available through the Acquisition and PredevelopmengLoan Fund, which Greaterr Kansas City LISC started in 2007. The fund now has $7 millionj from three investors: and each provided $1 and , of which Greateer Kansas City LISC isa member, providecd $5 million. No loans have been made from the John Wood, senior program officer for Greater Kansase City LISC, said Tuesday. “We’ve had some interest in it, but the projectsd haven’t quite gelled,” he said. “The projectg falls through because the economy and the real estatee market has really hitus hard.
” This fund differzs from other funds administered by Greated Kansas City LISC because it focuses on such as land acquisition, engineering and architecturall services, and environmental studies, Wood said. Loanzs will be considered to suppor development in LISC NeighborhoodsNOW communities on both sides of thestatw line, the organization said in a The fund’s loans carry a 7 percent fixe interest rate, closing fees of as much as 1.5 percent and applicable legal fees.
Phase I environmenta l assessment and evidence of complianc with zoning and regulatory and land use requirements may be Since 1981, Greater Kansas City LISC has invested more than $106 milliom in urban-core neighborhoods on both sides of the stater line. The loans have leveraged $567.7 millio in total development.
Sunday, December 18, 2011
Workers at two MillerCoors plants ratify new deals - Atlanta Business Chronicle:
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and Fort Worth, have ratified new, three-year contracts. The agreements cove r more than 900 employees at the two breweries and provide wage and pension increases over the cours ofthe contracts. “Our membersx overwhelmingly ratified these contracts at MillerCoorsz because they provide stability fortheir families,” said Jack Cipriani, director of the Teamsters Brewery and Soft Drink Workerz Conference, which represents workers at the breweries. “For the next threed years, our members at MillerCoorxs know that their wagess and pension benefits will which is saying a lotin today’s economy.
” The contracts call for no healthg care cost increases for workers in the firstr year of the contract and only minor increasesx for the second and third years, according to the The new deal also guarantees that employee s who have retired or who will retire during the course of the three-year contracts won’t be required to pay healthg care premiums. “We valued all generations of our members, so we made sure that ther e were improvements for both active memberzs at MillerCoors and the retirees who had pavedr the way before with theier long yearsof service,” Ciprianji said. The Teamsters union represents 1,20p MillerCoors workers nationwide.
The union also representd workers at the MillerCoors breweryin Irwindale, Calif. Negotiationse for a new contract covering employees at the plant areunder way. MillerCoors is a join venture between MillerBrewing Co., Milwaukee, and Coorss Brewing Co., Golden, Colo., that launched in July 2008. MillerCoorsw operates a major brewery and regionao officeon Milwaukee’s west side. Workera at the Milwaukee brewery are represented by Breweru Workers Local 9 of the United AutoWorkersw union.
and Fort Worth, have ratified new, three-year contracts. The agreements cove r more than 900 employees at the two breweries and provide wage and pension increases over the cours ofthe contracts. “Our membersx overwhelmingly ratified these contracts at MillerCoorsz because they provide stability fortheir families,” said Jack Cipriani, director of the Teamsters Brewery and Soft Drink Workerz Conference, which represents workers at the breweries. “For the next threed years, our members at MillerCoorxs know that their wagess and pension benefits will which is saying a lotin today’s economy.
” The contracts call for no healthg care cost increases for workers in the firstr year of the contract and only minor increasesx for the second and third years, according to the The new deal also guarantees that employee s who have retired or who will retire during the course of the three-year contracts won’t be required to pay healthg care premiums. “We valued all generations of our members, so we made sure that ther e were improvements for both active memberzs at MillerCoors and the retirees who had pavedr the way before with theier long yearsof service,” Ciprianji said. The Teamsters union represents 1,20p MillerCoors workers nationwide.
The union also representd workers at the MillerCoors breweryin Irwindale, Calif. Negotiationse for a new contract covering employees at the plant areunder way. MillerCoors is a join venture between MillerBrewing Co., Milwaukee, and Coorss Brewing Co., Golden, Colo., that launched in July 2008. MillerCoorsw operates a major brewery and regionao officeon Milwaukee’s west side. Workera at the Milwaukee brewery are represented by Breweru Workers Local 9 of the United AutoWorkersw union.
Friday, December 16, 2011
HVCC Business Research and Development Center - The Business Review (Albany):
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is creating a Business Research and Development Centert thanksto $50,000 from state Senat e Majority Leader Joseph Bruno (R-Brunswick) and another $50,00p from the Rensselaer County Industrial Development College officials said Tuesday that the new center will be run by the college'ds seven-year-old . The center will bring together businesses, human resource professionals and economic development agencies to understand what skillzs current employers need in workeras and to anticipate future workforce "We see this center becoming a proactiv e force in the economic developmenrt of Tech Valley," said Andreaw Matonak, HVCC's president.
HVCC wants the center to expandf on the work of the WorkforcwDevelopment Institute. In the past 18 months, the institute has developed collaborative training programs withCVS pharmacies, Pricd Chopper supermarkets and the City of Albany'sx Central Business Improvement District. The work with the Businesw Improvement District entails providing potential employees of stores and othefr companies on Central Avenue in Albanuwith basic-skills training, including how to deal with customers and appropriatre attire for the work place.
is creating a Business Research and Development Centert thanksto $50,000 from state Senat e Majority Leader Joseph Bruno (R-Brunswick) and another $50,00p from the Rensselaer County Industrial Development College officials said Tuesday that the new center will be run by the college'ds seven-year-old . The center will bring together businesses, human resource professionals and economic development agencies to understand what skillzs current employers need in workeras and to anticipate future workforce "We see this center becoming a proactiv e force in the economic developmenrt of Tech Valley," said Andreaw Matonak, HVCC's president.
HVCC wants the center to expandf on the work of the WorkforcwDevelopment Institute. In the past 18 months, the institute has developed collaborative training programs withCVS pharmacies, Pricd Chopper supermarkets and the City of Albany'sx Central Business Improvement District. The work with the Businesw Improvement District entails providing potential employees of stores and othefr companies on Central Avenue in Albanuwith basic-skills training, including how to deal with customers and appropriatre attire for the work place.
Wednesday, December 14, 2011
Supreme Court temporarily blocks Chrysler/Fiat merger - Baltimore Business Journal:
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Supreme Court Justice Ruth Bader Ginsberg granted a motiobn filed by Indiana state pension funds to delah the merger between the American and Italian automakers in what the said was an administrative extension designed to allos sufficient time for the Supreme Court to explore whether or not a stay is according to several published reportslate Monday. The Suprem Court move extends a stay alreadyh issued by a lower court that was set to expired lateafternoon Monday. Fiat has given Chrysle until June 15 to finishthe merger. Attorneysz for the pension funds argued that they wouled receive just pennies on the dollar fora $42 millionb loan given to Chrysler. However, U.S.
Solicitor General Elen a Kagan said the imminent collapse ofChryslerd — said to be losing upward of $100 million daily — was of greatef concern to government officials than the loan When Chrysler filed for Chapter 11 bankruptcy protection last it announced it would reject 789 dealership agreementsa nationwide, including 35 in Florida. Local dealershipp affected include GoldenMotorx Inc. dba , Jim Boasyt Dodge Inc. dba in Plattner Automotive dba Tarpon SpringsDodgwe Inc., Regal dba in Lakeland, St. Pete Jeep Eagle dba and 1099 LLCdba . 1099 LLC is majorithy owned by CongressmanVern R-Longboat Key.
On May 27, Floridaq Attorney General Bill McCollum filed a formal objection to the Floridwdealership rejections. On Monday, Sen. Bob R-Tenn., said he was introducing a measurd that would use governmenty funds to full reimburse rejectede dealerships for vehicles and parts while both Chryslerfand (OTC PK: GMGMQ) worked through GM filed for Chapter 11 bankruptcy protection June 1.
Supreme Court Justice Ruth Bader Ginsberg granted a motiobn filed by Indiana state pension funds to delah the merger between the American and Italian automakers in what the said was an administrative extension designed to allos sufficient time for the Supreme Court to explore whether or not a stay is according to several published reportslate Monday. The Suprem Court move extends a stay alreadyh issued by a lower court that was set to expired lateafternoon Monday. Fiat has given Chrysle until June 15 to finishthe merger. Attorneysz for the pension funds argued that they wouled receive just pennies on the dollar fora $42 millionb loan given to Chrysler. However, U.S.
Solicitor General Elen a Kagan said the imminent collapse ofChryslerd — said to be losing upward of $100 million daily — was of greatef concern to government officials than the loan When Chrysler filed for Chapter 11 bankruptcy protection last it announced it would reject 789 dealership agreementsa nationwide, including 35 in Florida. Local dealershipp affected include GoldenMotorx Inc. dba , Jim Boasyt Dodge Inc. dba in Plattner Automotive dba Tarpon SpringsDodgwe Inc., Regal dba in Lakeland, St. Pete Jeep Eagle dba and 1099 LLCdba . 1099 LLC is majorithy owned by CongressmanVern R-Longboat Key.
On May 27, Floridaq Attorney General Bill McCollum filed a formal objection to the Floridwdealership rejections. On Monday, Sen. Bob R-Tenn., said he was introducing a measurd that would use governmenty funds to full reimburse rejectede dealerships for vehicles and parts while both Chryslerfand (OTC PK: GMGMQ) worked through GM filed for Chapter 11 bankruptcy protection June 1.
Sunday, December 11, 2011
U.S. home builder mood dips, but up in West - Nashville Business Journal:
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The / Housing Markert Index declined one point to 15in June, but rose two pointx in the Western region to 14. “The outlooo for home sales has improved somewhag inrecent months, due largely to implementation of the first-time home buyer tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Tulsa, Okla. looking forward, home builders are facing a few including expiration of the tax credity at the end of a recent upturn in interest and especially the continuing lack of credit for housinhgproduction loans.
” Two out of thre e of the HMI’s component indexes were unchanger in June, including the indezx gauging current home sales, which held at 14, and the indedx gauging traffic of prospective buyers, which held at 13. the index gauging expectations for the next six months declines asingle point, to 26. The national declinr was driven entirely focused by buildersd inthe South, which is the nation’s largest housin g market. There, the HMI declinexd 3 points to 15, whilw the rest of the regions posted In addition to the gain in the the Northeast hada one-point gain to 20 and the Midwest showed a one-point gain to 15.
The / Housing Markert Index declined one point to 15in June, but rose two pointx in the Western region to 14. “The outlooo for home sales has improved somewhag inrecent months, due largely to implementation of the first-time home buyer tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Tulsa, Okla. looking forward, home builders are facing a few including expiration of the tax credity at the end of a recent upturn in interest and especially the continuing lack of credit for housinhgproduction loans.
” Two out of thre e of the HMI’s component indexes were unchanger in June, including the indezx gauging current home sales, which held at 14, and the indedx gauging traffic of prospective buyers, which held at 13. the index gauging expectations for the next six months declines asingle point, to 26. The national declinr was driven entirely focused by buildersd inthe South, which is the nation’s largest housin g market. There, the HMI declinexd 3 points to 15, whilw the rest of the regions posted In addition to the gain in the the Northeast hada one-point gain to 20 and the Midwest showed a one-point gain to 15.
Friday, December 9, 2011
Portland-area economy weakens Q1 - South Florida Business Journal:
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percent, an accelerating decline compared tothe 13.5 percenty (revised) drop in the fourth quarte of 2008. Of the nine indicators includecd inthe index, six declined significantly, said Tim Duy, directo of the Oregon Economic Forum and a UO adjuncy assistant professor, Labor market trends continue to Help-wanted advertising in The Oregonian fell durint the quarter, consistent with a decrease in hiring Similarly, initial unemployment claims continued to rise, reaching a month average of 16,819 claims. Non-farm payrolls continur to fall as under the dual forcew of increased layoffs and slackhiring demand; payrolls stand 3.9 percent lower than year-ago levels.
The expected slowdownb in lodging activity finally cameto pass, said Duy,with estimated lodging revenue (seasonally and inflatio n adjusted) down 15.4 percent from the fourth Passenger traffic at Portland International Airporft was effectively unchanged from the previous quarter. Housingf markets were generally Housing sales were effectively whileaverage days-on-market partially offsetting a particularly sharo rise in the fourth quarterd of 2008, attributable to the intensification of the financiao crisis and unusual weather conditions, said Duy. Ongoinhg declines in the in point to continued economic deterioration in thePortlan region, he added.
Signs of stabilizatiob are difficultto find, he said; expectations for a firming of economiv activity in the seconf half of 2009 are largely basedd on some tentative signzs of stability in the national economy. the impact of fiscal and monetary policieds should become more evident as theyear progresses. Still, the pace of the recovert is expected to be subdued as the economy adjustx to an environment less dependenton debt-supportesd consumer spending growth.
percent, an accelerating decline compared tothe 13.5 percenty (revised) drop in the fourth quarte of 2008. Of the nine indicators includecd inthe index, six declined significantly, said Tim Duy, directo of the Oregon Economic Forum and a UO adjuncy assistant professor, Labor market trends continue to Help-wanted advertising in The Oregonian fell durint the quarter, consistent with a decrease in hiring Similarly, initial unemployment claims continued to rise, reaching a month average of 16,819 claims. Non-farm payrolls continur to fall as under the dual forcew of increased layoffs and slackhiring demand; payrolls stand 3.9 percent lower than year-ago levels.
The expected slowdownb in lodging activity finally cameto pass, said Duy,with estimated lodging revenue (seasonally and inflatio n adjusted) down 15.4 percent from the fourth Passenger traffic at Portland International Airporft was effectively unchanged from the previous quarter. Housingf markets were generally Housing sales were effectively whileaverage days-on-market partially offsetting a particularly sharo rise in the fourth quarterd of 2008, attributable to the intensification of the financiao crisis and unusual weather conditions, said Duy. Ongoinhg declines in the in point to continued economic deterioration in thePortlan region, he added.
Signs of stabilizatiob are difficultto find, he said; expectations for a firming of economiv activity in the seconf half of 2009 are largely basedd on some tentative signzs of stability in the national economy. the impact of fiscal and monetary policieds should become more evident as theyear progresses. Still, the pace of the recovert is expected to be subdued as the economy adjustx to an environment less dependenton debt-supportesd consumer spending growth.
Wednesday, December 7, 2011
Big Deal: Greenstone/MetLife take Perimeter opportunity - Atlanta Business Chronicle:
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In an all-cash deal that closed in the high $60 millionh range in June, Atlanta-based and Philadelphia-baser investment managers/advisers Rubenstein Partners L.P. sold Lakeside Officw Park, one of about 3 million square feet worth of Central Perimeted office properties acquired by the partnership in February from Equity Office PropertiesTrust (EOP). Originally developed in the 1980s by , the 26-acre Lakeside includes five office buildings totalint about 400,000 square The office park, at 5775 Glenridge takes up the northwest quadrant of the Interstat e 285 and Georgia 400 interchange in the hearr of the bustling Central Perimeter market.
The buyer was a partnershipo composed of locallybasefd developer/land speculator and New York-based financialo services giant . In addition to a numbere of other metro-area projects, Greenstone (in another partnership with Atlanta's and Dallas-based ) is developinb the 350,000-square-foot building at Glenlake, another west-of-409 Central Perimeter office park not far north of Greenstone had its eye on Lakeside startingt almost themoment Barry/Rubenstei n closed on the property. And at about that same Barry/Rubenstein engaged a (CBRE) team of Will Yowell and Jay O'Mearza to market the Lakeside property, along with the rest of the formefrEOP portfolio.
"We've had a fair amount of successwith Glenlake, and had been looking up and down the corridofr west of 400 for more opportunities," said Greenstone President De Little. And with its strategic location, "presented an extremely attractivre opportunityfor us." Others were also very interestesd in the property. As Little MetLife, upon receiving the CBRE marketing contacted Barry President Lance Anderson for a recommendationb on who might be a good localp partner to work with onthe property, "ancd Lance referred them to Represented by Managing Director Scott Greenstone/MetLife closed the deal following what Yowelk describes as "a very straightforward bid in which the venture beat out a number of what he describese as "redevelopment-oriented, value-add sources of capital.
" Greenstone/MetLifwe is seeking rezoning approval from Sandy Springzs to redevelop Lakeside. "We'rre looking at this as a redevelopmenyt play with a mixture of said Little. "Our goal woulcd probably be to knock down the existiny buildings and replace them with new office maybe someamenity retail, maybe a Office development is a particularly attractive prospect, according to "The Central Perimeter office market is very healthy and gettinyg stronger every day," he said.
"Vacancieds are usually quoted as being in the 15percentf range, but in reality they are less, given that a lot of that vacang space is in older buildingd that are functionally obsolete -- there's nothing under constructionj except our Rubbermaid building." With the redevelopment of Lakeside, MetLife is replaying a role it has had As financial partner of Atlanta-based , it underwroted the development of some 3.
5 million square feet at Perimeter Center from the early 1970s through the late Taylor & Mathis sold the project in 1996 to , a Boston-basec REIT; the next year, it was purchased by Equit Office Properties as part of the Chicago-baser REIT's $4 billion acquisition of
In an all-cash deal that closed in the high $60 millionh range in June, Atlanta-based and Philadelphia-baser investment managers/advisers Rubenstein Partners L.P. sold Lakeside Officw Park, one of about 3 million square feet worth of Central Perimeted office properties acquired by the partnership in February from Equity Office PropertiesTrust (EOP). Originally developed in the 1980s by , the 26-acre Lakeside includes five office buildings totalint about 400,000 square The office park, at 5775 Glenridge takes up the northwest quadrant of the Interstat e 285 and Georgia 400 interchange in the hearr of the bustling Central Perimeter market.
The buyer was a partnershipo composed of locallybasefd developer/land speculator and New York-based financialo services giant . In addition to a numbere of other metro-area projects, Greenstone (in another partnership with Atlanta's and Dallas-based ) is developinb the 350,000-square-foot building at Glenlake, another west-of-409 Central Perimeter office park not far north of Greenstone had its eye on Lakeside startingt almost themoment Barry/Rubenstei n closed on the property. And at about that same Barry/Rubenstein engaged a (CBRE) team of Will Yowell and Jay O'Mearza to market the Lakeside property, along with the rest of the formefrEOP portfolio.
"We've had a fair amount of successwith Glenlake, and had been looking up and down the corridofr west of 400 for more opportunities," said Greenstone President De Little. And with its strategic location, "presented an extremely attractivre opportunityfor us." Others were also very interestesd in the property. As Little MetLife, upon receiving the CBRE marketing contacted Barry President Lance Anderson for a recommendationb on who might be a good localp partner to work with onthe property, "ancd Lance referred them to Represented by Managing Director Scott Greenstone/MetLife closed the deal following what Yowelk describes as "a very straightforward bid in which the venture beat out a number of what he describese as "redevelopment-oriented, value-add sources of capital.
" Greenstone/MetLifwe is seeking rezoning approval from Sandy Springzs to redevelop Lakeside. "We'rre looking at this as a redevelopmenyt play with a mixture of said Little. "Our goal woulcd probably be to knock down the existiny buildings and replace them with new office maybe someamenity retail, maybe a Office development is a particularly attractive prospect, according to "The Central Perimeter office market is very healthy and gettinyg stronger every day," he said.
"Vacancieds are usually quoted as being in the 15percentf range, but in reality they are less, given that a lot of that vacang space is in older buildingd that are functionally obsolete -- there's nothing under constructionj except our Rubbermaid building." With the redevelopment of Lakeside, MetLife is replaying a role it has had As financial partner of Atlanta-based , it underwroted the development of some 3.
5 million square feet at Perimeter Center from the early 1970s through the late Taylor & Mathis sold the project in 1996 to , a Boston-basec REIT; the next year, it was purchased by Equit Office Properties as part of the Chicago-baser REIT's $4 billion acquisition of
Monday, December 5, 2011
SAHA to spend $14.5 million on local housing project upgrades - Denver Business Journal:
idellecromwell1991.blogspot.com
million in federal stimulus fund s to repair and upgrade a number of public housing properties. Out of 349 housingf authorities in Texas that receivedx money from the Americabn Recovery andReinvestment Act, San Antoni o Housing Authority, or SAHA, receivedd the largest amount. SAHA is required to use the money for capitalo improvements and all the funds must be spent withinthrer years. “These funds will allow us to make much-neederd repairs to our public housing properties and improve the safety and qualityu of life forour residents,” SAHA President and CEO Lourdesz Castro Ramirez says.
Among the properties slated for major upgradees is the LewisChatham Apartments, a 119-uniyt apartment complex for seniors on the city’s Soutj Side. Lewis Chatham also will undergo an extensive In addition, stimulus funds will be used to upgradwe the security, elevators and fire safetyt at nearly 20 elderly Other projects will involve replacing windows, roofing, cabinets, and ventilation and air conditioning systems. SAHA Board Chairmanm Ramiro Cavazos says the agency will encouragre the participation of smalland minority-owned businesses.
“We will also give additionapl weight to contractors that commit to actively recruitin g employees from the neighborhoods in and arounf where this workwill occur,” he says. SAHA will issuer requests for proposals to perform engineering and architectural servicezs relatedto stimulus-approved projects. Web site: www.saha.org
million in federal stimulus fund s to repair and upgrade a number of public housing properties. Out of 349 housingf authorities in Texas that receivedx money from the Americabn Recovery andReinvestment Act, San Antoni o Housing Authority, or SAHA, receivedd the largest amount. SAHA is required to use the money for capitalo improvements and all the funds must be spent withinthrer years. “These funds will allow us to make much-neederd repairs to our public housing properties and improve the safety and qualityu of life forour residents,” SAHA President and CEO Lourdesz Castro Ramirez says.
Among the properties slated for major upgradees is the LewisChatham Apartments, a 119-uniyt apartment complex for seniors on the city’s Soutj Side. Lewis Chatham also will undergo an extensive In addition, stimulus funds will be used to upgradwe the security, elevators and fire safetyt at nearly 20 elderly Other projects will involve replacing windows, roofing, cabinets, and ventilation and air conditioning systems. SAHA Board Chairmanm Ramiro Cavazos says the agency will encouragre the participation of smalland minority-owned businesses.
“We will also give additionapl weight to contractors that commit to actively recruitin g employees from the neighborhoods in and arounf where this workwill occur,” he says. SAHA will issuer requests for proposals to perform engineering and architectural servicezs relatedto stimulus-approved projects. Web site: www.saha.org
Saturday, December 3, 2011
HIGHLIGHTS-Key comments from the Indonesian Palm Oil Conference - Reuters Africa
inofiquxi.wordpress.com
Bloomberg | HIGHLIGHTS-Key comments from the Indonesian Palm Oil Conference Reuters Africa ... production to be reduced, the returns of soybeans to farmers is lower than corn." " We expect China soyoil imports to increase to 1.5 million tonnes, rapeseed oil at 700000 tonnes and palm oil at six million tonnes." DEROM BANGUN, VICE CHAIRMAN, ... Agricultural commodities daily review: India and other countries (December 02 ... |
Thursday, December 1, 2011
Accolade to 'extend portfolio' of lower-alcohol wines - decanter.com
ulyanaimiiurebor.blogspot.com
Accolade to 'extend portfolio' of lower-alcohol wines decanter.com Accolade Wines is committed to developing the market for lower-alcohol wine - and to 'unlocking' the potential of Moscato in the UK. Accolade â€" which owns brands such as Banrock Station and Kumala â€" says lighter and sweeter styles have ... |
Monday, November 28, 2011
Cong, NCP likely to fight polls separately - Times of India
ymekovo.wordpress.com
Cong, NCP likely to fight polls separately Times of India PUNE: Prospects of an alliance between the Congress and the NCP in Pune for the ensuing municipal corporation election is still bleak. The local leaders of both the parties are of the opinion that a tie-up is not possible. But they prefer to put the ... |
Saturday, November 26, 2011
Room & Board to open in 14th Street building - Washington Business Journal:
eragywaqer.wordpress.com
Nearly six months after its deal to buy an old auto dealershipl at 184014th St. NW fell through, the Minneapolis-based furniturd store says it was able to secure financing forthe deal. Room Board bought the 31,600 square-foot building from Four Point for anundisclosed amount. Under the previous deal, the compan was to pay $9 million. Room & which currently has nine U.S. said it plans to open the American-made home furnishings storew next spring. “Their primary plan was to purchase a saidEddie Goldmeier, vice president in Grub & Ellis’ D.C. retail group, whichn represented Room & Room & Board a year ago that it was lookintg for spacein D.C.
But it created a when it first choose the 14thStree location, with some critics saying they did not want a furniture store in the area. Room Board has hired a local architectf to help retainthe building’s historical look and it also planx to take on area contractorz and employees. The building, built in 1919, formerl y housed the R.L. Tayloer and Herbert Smith Ford “We are a nationak retailer with a local point of and we’re glad to do our part to help the economg and be a good neighbor,” said John founder and president of Room & The 29-year-old retailer, which sells 14th century classic Chinesed designs and midcentury modern designs, has one other East Coas t store in the historic SoHo neighborhood of New York.
The D.C. storr will initially employ about 50 design associatee and staff members at itsdistributioj center. The retailer is currently looking for a separatwe distribution center in the area to facilitatecustomeer deliveries. The retailer also showed interest in Dupont Circle but finallyu zeroed in on opening up in the 14th andU St. “They looked at a number of opportunitiesw but thisreally felt, in their minds, like the perfecft fit as far as a type of locationh they feel they have been successful in,” Goldmeier said. Room & Board is looking at severall other marketsto enter, including New Jersey, San Jose, Seattle, Miami and Dallas.
Its 10th store will open in Los Angelesthis
Nearly six months after its deal to buy an old auto dealershipl at 184014th St. NW fell through, the Minneapolis-based furniturd store says it was able to secure financing forthe deal. Room Board bought the 31,600 square-foot building from Four Point for anundisclosed amount. Under the previous deal, the compan was to pay $9 million. Room & which currently has nine U.S. said it plans to open the American-made home furnishings storew next spring. “Their primary plan was to purchase a saidEddie Goldmeier, vice president in Grub & Ellis’ D.C. retail group, whichn represented Room & Room & Board a year ago that it was lookintg for spacein D.C.
But it created a when it first choose the 14thStree location, with some critics saying they did not want a furniture store in the area. Room Board has hired a local architectf to help retainthe building’s historical look and it also planx to take on area contractorz and employees. The building, built in 1919, formerl y housed the R.L. Tayloer and Herbert Smith Ford “We are a nationak retailer with a local point of and we’re glad to do our part to help the economg and be a good neighbor,” said John founder and president of Room & The 29-year-old retailer, which sells 14th century classic Chinesed designs and midcentury modern designs, has one other East Coas t store in the historic SoHo neighborhood of New York.
The D.C. storr will initially employ about 50 design associatee and staff members at itsdistributioj center. The retailer is currently looking for a separatwe distribution center in the area to facilitatecustomeer deliveries. The retailer also showed interest in Dupont Circle but finallyu zeroed in on opening up in the 14th andU St. “They looked at a number of opportunitiesw but thisreally felt, in their minds, like the perfecft fit as far as a type of locationh they feel they have been successful in,” Goldmeier said. Room & Board is looking at severall other marketsto enter, including New Jersey, San Jose, Seattle, Miami and Dallas.
Its 10th store will open in Los Angelesthis
Thursday, November 24, 2011
Clear Channel produces tribute to Michael Jackson - Business Courier of Cincinnati:
http://www.alcorconwireless.net/meetings/next-meeting.html
The San Antonio-based broadcaster has also agreedf to launch a new digitao station dedicated to playingthe singer’s musivc on the iheartradio.com Web portal. The Michael Jackson Memorial channel iscurrently live. The July 7th memorialp service is being recorded and the channep will run encore presentations of the service throughoutfthe week. The iheartradiop application is available for download on Applre iPhone andBlackberry phones. Since news brokde of Jackson’s untimely death, Clear Channel Radio stations have playef his songs morethan 23,000 according to the Clear Channel-affiliated music-industryu service Mediabase.
By comparison, on the day precedinv his death, Jackson’s songs only receivex 168 spins. Clear Channel stations acrosas the country produced local mixes of his music as wellas one-hour specials devoted to his life. Clear Channel Radiio Digital, a division of Clear Channel also set up a libraryg ofmusic videos, photok galleries, latest news and artisyt tributes. News broke on Jackson’es death on June 26. Clear Channel Radio is a divisiobnof , a global media and entertainmenyt company. The company is ownede by (OTCBB: CCMO).
The San Antonio-based broadcaster has also agreedf to launch a new digitao station dedicated to playingthe singer’s musivc on the iheartradio.com Web portal. The Michael Jackson Memorial channel iscurrently live. The July 7th memorialp service is being recorded and the channep will run encore presentations of the service throughoutfthe week. The iheartradiop application is available for download on Applre iPhone andBlackberry phones. Since news brokde of Jackson’s untimely death, Clear Channel Radio stations have playef his songs morethan 23,000 according to the Clear Channel-affiliated music-industryu service Mediabase.
By comparison, on the day precedinv his death, Jackson’s songs only receivex 168 spins. Clear Channel stations acrosas the country produced local mixes of his music as wellas one-hour specials devoted to his life. Clear Channel Radiio Digital, a division of Clear Channel also set up a libraryg ofmusic videos, photok galleries, latest news and artisyt tributes. News broke on Jackson’es death on June 26. Clear Channel Radio is a divisiobnof , a global media and entertainmenyt company. The company is ownede by (OTCBB: CCMO).
Tuesday, November 22, 2011
Australian photographer Denis Gibbons' focus on true war - The Daily Telegraph
milicinodijoo1981.blogspot.com
Australian photographer Denis Gibbons' focus on true war The Daily Telegraph Denis Gibbons shot the raw face of the Vietnam War / Pic: Sean: Masterson Source: The Daily Telegraph Embedded ... Denis Gibbons in Phuoc Tuy Province, Vietnam in 1966. Source: The Daily Telegraph HIS was a reputation born in the heat of battle, ... Photojournalist captured nation's experience of the Vietnam War War photographer Gibbons dies at 74 |
Sunday, November 20, 2011
Fed expects little inflation - New Mexico Business Weekly:
esivyjifag.wordpress.com
The Fed’s benchmark interest rate was held steady in a rang of 0to 0.25 percent. The Fed “continue to anticipate that economic conditions are likelhy to warrant exceptionally low levels of the federal fundss rate for anextended period,” it said in a statementy released following its meeting. Despite risingb energy and commodity prices, “the committeee expects that inflation will remain subdued forsome time,” the statement The Federal Reserve also left its bond purchase plans repeating its commitment to buy up to $1.
2r5 trillion of agency mortgage-backed securities and up to $200 billionj of agency debt by the end of the The Federal Reserve also will buy up to $300 billionm of Treasury securities by autumn. The Fed now believex the pace of economic contractionis slowing, citing further signs of household spendint stabilizing and improving conditions in the financial Among economic reports that may support the Fed’s belief that the economg will soon be on the mend was the latesrt data on factory orders, showinvg orders for durable goods unexpectedly rose in May for the seconed consecutive month.
The Fed’s benchmark interest rate was held steady in a rang of 0to 0.25 percent. The Fed “continue to anticipate that economic conditions are likelhy to warrant exceptionally low levels of the federal fundss rate for anextended period,” it said in a statementy released following its meeting. Despite risingb energy and commodity prices, “the committeee expects that inflation will remain subdued forsome time,” the statement The Federal Reserve also left its bond purchase plans repeating its commitment to buy up to $1.
2r5 trillion of agency mortgage-backed securities and up to $200 billionj of agency debt by the end of the The Federal Reserve also will buy up to $300 billionm of Treasury securities by autumn. The Fed now believex the pace of economic contractionis slowing, citing further signs of household spendint stabilizing and improving conditions in the financial Among economic reports that may support the Fed’s belief that the economg will soon be on the mend was the latesrt data on factory orders, showinvg orders for durable goods unexpectedly rose in May for the seconed consecutive month.
Friday, November 18, 2011
Little-known Palko taking spot under center for injured Cassel - Nashua Telegraph
stony-coating.blogspot.com
Reuters | Little-known Palko taking spot under center for injured Cassel Nashua Telegraph Kansas City Chiefs quarterback Tyler Palko (4) takes a snap from Kansas City Chiefs center Casey Wiegmann (62) late in the fourth quarter against the Denver Broncos on November 13, 2011 at Arrowhead Stadium in Kansas City, Missouri. ... Chiefs ha nd QB reins to little-known Palko Chiefs hand QB reins to little-known Palko |
Tuesday, November 15, 2011
Indonesian students will spend 18 months at GSU training - The FINANCIAL
stockdaleiqemico1521.blogspot.com
Indonesian students will spend 18 months at GSU training The FINANCIAL The FINANCIAL -- This past summer, more than a dozen eager students gathered in a crowded classroom at Gadjah Mada University in central Java with some very specific questions about the destination for which they would soon depart. ... |
Sunday, November 13, 2011
Adrian College football team blanks Alma in season finale - Adrian Daily Telegram
http://www.sportaches.com/category/basketball-injuries/
Adrian College football team blanks Alma in season finale Adrian Daily Telegram Adrian College running back Jeremy Southworth, left, rushes against Alma College linebacker Anthony Sabatella during Saturday's Michigan Intercollegiate Athletic Association game at the Multi-sport Performance Stadium. Adrian won 16-0. ... |
Friday, November 11, 2011
Life Insurance company offers free coverage - The Business Review (Albany):
iqukikofor.wordpress.com
is offering free life insurance coverage under itsLifeBridges program. To qualify, individuals must be employed, be between 19 and 42, and have familhy income of between $10,000 and $40,0009 a year. They also must be the parent or legapl guardian of one or more children who areunder 18. The program pays educational expensese for dependent children if the insured pareny or legal guardian passes away durinfthe 10-year term. MassMutuao pays all premiums. The company has issued more than 8,60 policies since launching the programkin 2002. MassMutual expects to issue a totalof $1 billio in free term life insurance coverager through the national philanthropic free life insurancer program.
Children have until the age of 35 to use the An informational session is schedulefd for June 20 and June 27 at10 a.m. to 2 p.m. at the Albanh Housing AuthorityAdministration Building. For more information, call 449-4563.
is offering free life insurance coverage under itsLifeBridges program. To qualify, individuals must be employed, be between 19 and 42, and have familhy income of between $10,000 and $40,0009 a year. They also must be the parent or legapl guardian of one or more children who areunder 18. The program pays educational expensese for dependent children if the insured pareny or legal guardian passes away durinfthe 10-year term. MassMutuao pays all premiums. The company has issued more than 8,60 policies since launching the programkin 2002. MassMutual expects to issue a totalof $1 billio in free term life insurance coverager through the national philanthropic free life insurancer program.
Children have until the age of 35 to use the An informational session is schedulefd for June 20 and June 27 at10 a.m. to 2 p.m. at the Albanh Housing AuthorityAdministration Building. For more information, call 449-4563.
Wednesday, November 9, 2011
Stowers Institute adds south Kansas City complex - Kansas City Business Journal:
ishinlyuboqemija.blogspot.com
Institute co-founders Jim and Virginiaa Stowers bought the property from Mike Pursellfor $5 million and donated it to the institute, spokeswomanh Laurie Roberts said. Paris-based pharmaceutical compan previously owned and operated thenearly 15-acrwe property at 8333 Hickman Mills Road. Renovationj of the facilities is scheduled to begin withi n 60 days and be completes inearly 2009. The institute's construction costs are projectedf at morethan $20 million.
"Bty locating these important functions in this satellite we can more efficiently conduct scientific researc operations atthe Institute'x world-class campus near the Plaza," Stowers Institute CEO Williamk Neaves said in a In June, Neaves said that continuing political opposition to embryonic stem cell researcu in Missouri had prompted the Stowers Institutse to put on hold its planes to add 600,000 square feet of new researcy space in the Kansas City area every decadee in perpetuity.
At the same Neaves reported that the institute had boughtg more than 100 acres of undevelopefd land at an undisclosed location in Kansass City to demonstrate its commitment to expand localluafter "the environment for embryonic stem cell research in Missouru stabilizes." Roberts said that the parcel recently purchased by the Stowerse is not part of that 100 acres. In the Kansas City Business Journaol reported that it appeared the Stowers Institute was planning to expandc ona 100-plus acre parcel purchased two monthws earlier on the north side of 87th between U.S. Highway 71 and Interstatee 435.
The buyer of that parcel was OxfordAcquisitionj LLC, led by Jim Stowerds III, son of the Stowers Institute's James Bowers Jr., a lawyer with who represents Oxforf Acquisition, would not disclose Jim Stowers III'z intentions for the land at the But he said they had nothing to do with the Stowersa Institute's expansion. Further, Bowers said in "there have been no discussions between the Stowersx Institute and Oxford about the use of propertyh north of87th Street." However, the land acquired for the Stower s Institute and BioMed Valley headquarters and laboratory facilities is just a few blocks east of the Oxfors Acquisition parcel.
BioMed Valley Discoveries a for-profit corporation, was formed to develop and market basic biomedicapl discoveries made at the Stowersd Institute andother institutions. "We are tremendously exciteds about the planned laboratory and administrative which will provide excellentg incubator space for our research partnersand start-u p companies," David Chao, CEO of BioMee Valley Discoveries, said in the While Neaves said in the release that the Stowerse Institute was pleased to "make this new commitment to Kansas City, Mo.," he cautioned that the institutr remains concerned about attempts to outlaw embryonic stem cell researcbh in the state.
"We needec this new space to realize the full potentiakl for accommodating research programs at our main and are pleased to have found it inKansasw City," Neaves said. "However, before the Institutd undertakes major expansion in this we need to be confident that the politicak environment in Missouri isscience
Institute co-founders Jim and Virginiaa Stowers bought the property from Mike Pursellfor $5 million and donated it to the institute, spokeswomanh Laurie Roberts said. Paris-based pharmaceutical compan previously owned and operated thenearly 15-acrwe property at 8333 Hickman Mills Road. Renovationj of the facilities is scheduled to begin withi n 60 days and be completes inearly 2009. The institute's construction costs are projectedf at morethan $20 million.
"Bty locating these important functions in this satellite we can more efficiently conduct scientific researc operations atthe Institute'x world-class campus near the Plaza," Stowers Institute CEO Williamk Neaves said in a In June, Neaves said that continuing political opposition to embryonic stem cell researcu in Missouri had prompted the Stowers Institutse to put on hold its planes to add 600,000 square feet of new researcy space in the Kansas City area every decadee in perpetuity.
At the same Neaves reported that the institute had boughtg more than 100 acres of undevelopefd land at an undisclosed location in Kansass City to demonstrate its commitment to expand localluafter "the environment for embryonic stem cell research in Missouru stabilizes." Roberts said that the parcel recently purchased by the Stowerse is not part of that 100 acres. In the Kansas City Business Journaol reported that it appeared the Stowers Institute was planning to expandc ona 100-plus acre parcel purchased two monthws earlier on the north side of 87th between U.S. Highway 71 and Interstatee 435.
The buyer of that parcel was OxfordAcquisitionj LLC, led by Jim Stowerds III, son of the Stowers Institute's James Bowers Jr., a lawyer with who represents Oxforf Acquisition, would not disclose Jim Stowers III'z intentions for the land at the But he said they had nothing to do with the Stowersa Institute's expansion. Further, Bowers said in "there have been no discussions between the Stowersx Institute and Oxford about the use of propertyh north of87th Street." However, the land acquired for the Stower s Institute and BioMed Valley headquarters and laboratory facilities is just a few blocks east of the Oxfors Acquisition parcel.
BioMed Valley Discoveries a for-profit corporation, was formed to develop and market basic biomedicapl discoveries made at the Stowersd Institute andother institutions. "We are tremendously exciteds about the planned laboratory and administrative which will provide excellentg incubator space for our research partnersand start-u p companies," David Chao, CEO of BioMee Valley Discoveries, said in the While Neaves said in the release that the Stowerse Institute was pleased to "make this new commitment to Kansas City, Mo.," he cautioned that the institutr remains concerned about attempts to outlaw embryonic stem cell researcbh in the state.
"We needec this new space to realize the full potentiakl for accommodating research programs at our main and are pleased to have found it inKansasw City," Neaves said. "However, before the Institutd undertakes major expansion in this we need to be confident that the politicak environment in Missouri isscience
Monday, November 7, 2011
Parkland launches wireless record system - Dallas Business Journal:
symowugebeda.blogspot.com
The launch comes after a six-month testing period. The hospital systekm trained 6,500 nurses and health care professionals on the systemn during the testing period in preparation for the With the new systemin place, nursex and health care providers can access and record patient information electronically usinbg mobile computer workstations. "We now have the most extensivw access to electronic inpatient medical records in themedicao district. Our patients' information is now availablre at the stroke of a key from anywhere in the saidJack Kowitt, Parkland's chief informatiohn officer.
"This convenient access to patient records allowes our staff to bemore efficient, freein g them up to focus more time to the patientas and their care. And, the new system also helpzs ensure accuracy." Because of Parkland’w age, the hospital had to make significantr infrastructure improvements to prepare for the installationb of theelectronic system, according to a statemeng from Parkland.
The launch comes after a six-month testing period. The hospital systekm trained 6,500 nurses and health care professionals on the systemn during the testing period in preparation for the With the new systemin place, nursex and health care providers can access and record patient information electronically usinbg mobile computer workstations. "We now have the most extensivw access to electronic inpatient medical records in themedicao district. Our patients' information is now availablre at the stroke of a key from anywhere in the saidJack Kowitt, Parkland's chief informatiohn officer.
"This convenient access to patient records allowes our staff to bemore efficient, freein g them up to focus more time to the patientas and their care. And, the new system also helpzs ensure accuracy." Because of Parkland’w age, the hospital had to make significantr infrastructure improvements to prepare for the installationb of theelectronic system, according to a statemeng from Parkland.
Saturday, November 5, 2011
Tringali sentenced to 3.5 years for land scheme - Nashville Business Journal:
ogarawo.wordpress.com
Federal prosecutors had requested leniency for Tringali who helpedc investigators and testifiedagainst co-conspirator and business consultanty Larry Nardelli, owner of . Nardelli was convictedd in February of conspiring to commitmortgager fraud, money laundering and making false statementw to banks, but he has not yet been sentenced. Seven financialp institutions — , , , , , and were defrauded through bogus real estate according tocourt records. At Tringali’s U.S. District Judge James D. Whittemoree ordered a forfeiture judgmentof $6.9 million. But the judgw hasn’t yet determined how much Tringali should payas restitution.
Tringali, who’s represented by attorney Todd Foster, pleaded guilthy Nov. 3 to making false statements to lendintg institutions to obtain loans that were to be used to acquirre and developvacant land. Tringal i conducted business in Sarasota and Manateee counties asthe owner, or part owner, of G&Ty Land Development LLC, Steeplechase Propertiews LLC and LLC. Sarasota attorney John Yanchek pleadedguiltg Feb. 27 in the but he later asked the court to vacatr the order to allow him to remai n gainfully employed as a lawyer until his May11 sentencing, recordws show. Judge Whittemore denied his request.
Neil Mohamed Husani, the accused mastermind of the scam, is awaitin g extradition from Jordan. The and investigated the which was prosecuted by Adelaide Few and Terrg Zitek ofthe U.S. Attorney’s Office, Middlew District of Florida.
Federal prosecutors had requested leniency for Tringali who helpedc investigators and testifiedagainst co-conspirator and business consultanty Larry Nardelli, owner of . Nardelli was convictedd in February of conspiring to commitmortgager fraud, money laundering and making false statementw to banks, but he has not yet been sentenced. Seven financialp institutions — , , , , , and were defrauded through bogus real estate according tocourt records. At Tringali’s U.S. District Judge James D. Whittemoree ordered a forfeiture judgmentof $6.9 million. But the judgw hasn’t yet determined how much Tringali should payas restitution.
Tringali, who’s represented by attorney Todd Foster, pleaded guilthy Nov. 3 to making false statements to lendintg institutions to obtain loans that were to be used to acquirre and developvacant land. Tringal i conducted business in Sarasota and Manateee counties asthe owner, or part owner, of G&Ty Land Development LLC, Steeplechase Propertiews LLC and LLC. Sarasota attorney John Yanchek pleadedguiltg Feb. 27 in the but he later asked the court to vacatr the order to allow him to remai n gainfully employed as a lawyer until his May11 sentencing, recordws show. Judge Whittemore denied his request.
Neil Mohamed Husani, the accused mastermind of the scam, is awaitin g extradition from Jordan. The and investigated the which was prosecuted by Adelaide Few and Terrg Zitek ofthe U.S. Attorney’s Office, Middlew District of Florida.
Thursday, November 3, 2011
Job losses jumping as crisis hits home - Atlanta Business Chronicle:
valvookimakaj1362.blogspot.com
First-time unemployment claims soared in Georgia last montjh tonearly 57,000, accordint to the state Departmenf of Labor, a 76.3 percenrt increase over initial filings in September of last year. Amonfg the areas hardest hit by the growing joblessness werenortherjn Georgia’s carpet belt, center to an industrh that relies on residential constructionh to keep orders flowing, and metrlo Atlanta’s outer suburbs, where the housing boom has turnee into a bust. “Housin g has been good to Georgia over the last Georgia Commissioner of Labor MichaelThurmond said. we’re feeling some of the repercussions ofthe downturn.
” Thurmondx pointed to some parts of Georgia wherre the job market remains in relatively good shape. Fortw Benning and Stewart were among the few net winner during the last round of military base closings severalyearsx ago. Consequently, unemployment claims in the Columbus and Hinesville areasz are running well below thestatewide Likewise, west central Georgia is gearinh up for the planned opening of a plangt in Troup County late next year. In sharp contrast, first-time unemploymentg filings in Dalton ---— ground zero for the carpety industry — shot up almost 106 percent during the last Gainesville waseven worse, leadinhg the state with a 126 percenr jump in joblessness.
While that could be attributed in part to the loss ofcarpetg jobs, a bigger factor was the decisio by German auto partxs maker to close its aluminum wheel plant in resulting in nearly 300 layoffs. Too recent for the September statistice was an announcement by that it will clos e a spun yarn plant in Dade in farnorthwestern Georgia, laying off 440 Roy Bowen, president of the Georgias Traditional Manufacturers Association , puts the blam on the slump in residential construction. “A number of folks we represenft manufacture products that go directlyto customers,” he said. “They’rde impacted directly by the housingt downturn.
” First-time unemployment claims in metro Atlanta rose almosft 79 percent during thelast year, only slightly abover the statewide figure. But that masks large increases in joblessness inthe region’ds outer counties. Cherokee, Douglaws and Fayette counties saw increases in initial unemployment filingse of more than 100 while first-time claims in Henry County rose 97 The most dramatic evidencew of the trend came in July with the closurs of of Woodstock, metro Atlanta’s 19th-largest home builder accordinfg to the ’s 2007-20087 Book of Lists.
Kay president of the Henry County Chamberd ofCommerce , said it’s no surprisde that the housing slump has affected metro Atlanta’s fast-growing outlying counties more than the alread y built-out core counties. “We were fourthg in America in new housinyg starts when all this she said. “Housing has come to a and it’s having a significant impacty onour community.” Thurmonrd said the diversified economies of Atlanta’s inne r counties give them an advantage over the outed counties, which are primarily bedroom communities. “Thar creates some economic insulation during a he said.
First-time unemployment claims soared in Georgia last montjh tonearly 57,000, accordint to the state Departmenf of Labor, a 76.3 percenrt increase over initial filings in September of last year. Amonfg the areas hardest hit by the growing joblessness werenortherjn Georgia’s carpet belt, center to an industrh that relies on residential constructionh to keep orders flowing, and metrlo Atlanta’s outer suburbs, where the housing boom has turnee into a bust. “Housin g has been good to Georgia over the last Georgia Commissioner of Labor MichaelThurmond said. we’re feeling some of the repercussions ofthe downturn.
” Thurmondx pointed to some parts of Georgia wherre the job market remains in relatively good shape. Fortw Benning and Stewart were among the few net winner during the last round of military base closings severalyearsx ago. Consequently, unemployment claims in the Columbus and Hinesville areasz are running well below thestatewide Likewise, west central Georgia is gearinh up for the planned opening of a plangt in Troup County late next year. In sharp contrast, first-time unemploymentg filings in Dalton ---— ground zero for the carpety industry — shot up almost 106 percent during the last Gainesville waseven worse, leadinhg the state with a 126 percenr jump in joblessness.
While that could be attributed in part to the loss ofcarpetg jobs, a bigger factor was the decisio by German auto partxs maker to close its aluminum wheel plant in resulting in nearly 300 layoffs. Too recent for the September statistice was an announcement by that it will clos e a spun yarn plant in Dade in farnorthwestern Georgia, laying off 440 Roy Bowen, president of the Georgias Traditional Manufacturers Association , puts the blam on the slump in residential construction. “A number of folks we represenft manufacture products that go directlyto customers,” he said. “They’rde impacted directly by the housingt downturn.
” First-time unemployment claims in metro Atlanta rose almosft 79 percent during thelast year, only slightly abover the statewide figure. But that masks large increases in joblessness inthe region’ds outer counties. Cherokee, Douglaws and Fayette counties saw increases in initial unemployment filingse of more than 100 while first-time claims in Henry County rose 97 The most dramatic evidencew of the trend came in July with the closurs of of Woodstock, metro Atlanta’s 19th-largest home builder accordinfg to the ’s 2007-20087 Book of Lists.
Kay president of the Henry County Chamberd ofCommerce , said it’s no surprisde that the housing slump has affected metro Atlanta’s fast-growing outlying counties more than the alread y built-out core counties. “We were fourthg in America in new housinyg starts when all this she said. “Housing has come to a and it’s having a significant impacty onour community.” Thurmonrd said the diversified economies of Atlanta’s inne r counties give them an advantage over the outed counties, which are primarily bedroom communities. “Thar creates some economic insulation during a he said.
Monday, October 31, 2011
New Ford Taurus makes Milwaukee appearance - San Francisco Business Times:
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A ruby red Taurus SHO and a more moderately pricex Taurus LTD were on display on the lots of in Wauwatosaq and Griffin Fordin Waukesha. The vehicles also were displayed Mondayg in Madison and June 12 inGreen Bay. Writers at Esquirer said in the July issue that the Taurus SHOis “an affordable American sedan that benchmarks not the Chev Impala or Hyundai Sonata but the Audi AG and BMW 535xi.” The Tauruas SHO, which stands for Super High Output, retailz for about $38,000 and includes a 356-horsepower, 3.5-liter turboi V-6 engine. The 2008 Taurus features an entirelty new exterior andinterior design, Angie Kozleski, ’s car communicationsa manager, said in an interview Wednesday.
The engins is built at a Ford plant in the car is assembledat Ford’s Chicago Ford executives decided to re-introduce the Taurus which had been retired in favord of the “500,” because of the brand Kozleski said. “It’s important to use that,” she “We view it as our flagship sedan.” The new Taurus will arrivee on dealer lotsin August, but customer can pre-order the vehicle now and receivde a $500 pre-order incentive, said John the manager of Uptown Ford Lincoln The base model Taurus price starts at $25,995 and the SHO starts at $37,995.
The Taurus is the third restyledr Ford to hit dealer showrooms this year following the Fusion andthe Mustang, Pentler said. Stilol to come later this year isa seven-passenger crossoved called the Lincoln MKT. Although the new-vehicle marketf is suffering through a historically bad year and two Americam automakers have filed for Ford executives note that their productz have gained market sharw in six of the pastseven months, Kozleski said. Ford has benefited not only from the positivwe PR of not receiving government money but also from positivs reviews of itsnew models. “You can reallyt attribute that to the newproductas we’ve been offering,” she said.
“We’re hitting the markef at a difficult time but if you look at theproducgt lineup, the consumer is noticint the quality and safety and fuel efficiency.”
A ruby red Taurus SHO and a more moderately pricex Taurus LTD were on display on the lots of in Wauwatosaq and Griffin Fordin Waukesha. The vehicles also were displayed Mondayg in Madison and June 12 inGreen Bay. Writers at Esquirer said in the July issue that the Taurus SHOis “an affordable American sedan that benchmarks not the Chev Impala or Hyundai Sonata but the Audi AG and BMW 535xi.” The Tauruas SHO, which stands for Super High Output, retailz for about $38,000 and includes a 356-horsepower, 3.5-liter turboi V-6 engine. The 2008 Taurus features an entirelty new exterior andinterior design, Angie Kozleski, ’s car communicationsa manager, said in an interview Wednesday.
The engins is built at a Ford plant in the car is assembledat Ford’s Chicago Ford executives decided to re-introduce the Taurus which had been retired in favord of the “500,” because of the brand Kozleski said. “It’s important to use that,” she “We view it as our flagship sedan.” The new Taurus will arrivee on dealer lotsin August, but customer can pre-order the vehicle now and receivde a $500 pre-order incentive, said John the manager of Uptown Ford Lincoln The base model Taurus price starts at $25,995 and the SHO starts at $37,995.
The Taurus is the third restyledr Ford to hit dealer showrooms this year following the Fusion andthe Mustang, Pentler said. Stilol to come later this year isa seven-passenger crossoved called the Lincoln MKT. Although the new-vehicle marketf is suffering through a historically bad year and two Americam automakers have filed for Ford executives note that their productz have gained market sharw in six of the pastseven months, Kozleski said. Ford has benefited not only from the positivwe PR of not receiving government money but also from positivs reviews of itsnew models. “You can reallyt attribute that to the newproductas we’ve been offering,” she said.
“We’re hitting the markef at a difficult time but if you look at theproducgt lineup, the consumer is noticint the quality and safety and fuel efficiency.”
Saturday, October 29, 2011
GM plans to cut 1,100 dealerships by next year - Houston Business Journal:
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Dealers were notified by letter Friday that the Detroif automaker planned to not renew their franchise agreements when theyexpires Oct. 31, 2010. The company declined to identify the dealers it planzsto drop. The cuts amount to about 17 percentyof GM’s 6,200 U.S. Mark LaNeve, North American sales vice president, told Busineszs First of Columbus , an affiliated that the targeted dealers are the poorestr performersamong GM’s nearlg 6,000 dealerships. The dealerships the company intends to shed make up 18 percent of the showroom network but accoun t for 7 percentof sales.
LaNevw said 400 to 500 of the targeted dealers sold fewet than 35 vehiclesa year; the rest didn’tf meet company’s performance standards, which take sales, profitabilituy and working capital into account. GM (NYSE: GM) has abouy 40 dealerships in theHouston area, accordintg to a search on the company’xs Web site. They sell vehicles under the branrnames Buick, Cadillac, Chevrolet, GMC, Hummer, Saturn and Saab. Chrysler on May 14 announced it was eliminatingysix Houston-area dealerships as part of a biggerd decision to eliminate 789 of its 3,200 dealershipws nationwide, according to a bankruptcy courtg filing.
Dealers were notified by letter Friday that the Detroif automaker planned to not renew their franchise agreements when theyexpires Oct. 31, 2010. The company declined to identify the dealers it planzsto drop. The cuts amount to about 17 percentyof GM’s 6,200 U.S. Mark LaNeve, North American sales vice president, told Busineszs First of Columbus , an affiliated that the targeted dealers are the poorestr performersamong GM’s nearlg 6,000 dealerships. The dealerships the company intends to shed make up 18 percent of the showroom network but accoun t for 7 percentof sales.
LaNevw said 400 to 500 of the targeted dealers sold fewet than 35 vehiclesa year; the rest didn’tf meet company’s performance standards, which take sales, profitabilituy and working capital into account. GM (NYSE: GM) has abouy 40 dealerships in theHouston area, accordintg to a search on the company’xs Web site. They sell vehicles under the branrnames Buick, Cadillac, Chevrolet, GMC, Hummer, Saturn and Saab. Chrysler on May 14 announced it was eliminatingysix Houston-area dealerships as part of a biggerd decision to eliminate 789 of its 3,200 dealershipws nationwide, according to a bankruptcy courtg filing.
Thursday, October 27, 2011
Continue to recruit talent during downturn, local business leaders say - Kansas City Business Journal:
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“In the financial services world, you do your best recruitinh in theworst markets,” said Paul Purcell, chairman, president and CEO of Co., Milwaukee. “We grew our headcount four and a half percenrt last year when the industry was down20 percent. We’lkl probably grow another 5 percent this year when the industryu will be down another15 percent.” Purcell was one of threwe panelists who took part in a paneo discussion hosted by the .
Jeffrey Joerres, president and CEO of Milwaukee-base global staffing firm (NYSE: MAN), moderated the “When I’m running aroun d smiling when thingsare tough, it’s because I know that we’rew adding to the strength of our Purcell said. “I love downturns because you can actually managre the peoplethat you’ve got and managew the future much better than duringv an upturn.
” Having a top-notch brand is a majort benefit in recruiting qualityg employees, said Peggy Troy, president and chier executive officer of , “We have such a strong brand presence not only in the Milwaukese area but throughout the state of Wisconsin and in the wholr Midwest region,” Troy said. “Our ability to attractg talent isvery positive.” Developinhg and retaining leaders from within an organization also is crucial, she said. Children’s Hospitaol uses a talent management process to determine the level of leadershi p skills for various positions withinthe system,” Troy said.
“Aa we are trying to recruit and we know exactly what the jobrequirements are,” she Recruiting top-level talent to the Milwaukee can be Purcell said. Baird has been successful in attracting employees who were raised inthe “You can only build a firm like Baird only so far with just Purcell said. “Then you have to go and get peoplew in and you have to getthem young. You’vew got to get them in high school or righty outof college. Once they get a littlwe bit older, it’s a little bit of a hardert sell.
” Recruiting during the gloomy winted months tends to create additional challenge s in recruiting employees from outsidrthe area, Troy “You don’t want to brinfg people here in the winter, but you’vew got to be honest about it,” she “But Milwaukee offers a lot of opportunitiese in terms of family life.” Companiexs also need to be active in demonstrating at work and in the community when it comesx to attracting employees of diverse ethnic and racial backgrounds, said David Myers, president of the building efficiencuy group for Glendale-based (NYSE: JCI). “It’s reall makes a big impact,” he said.
Companies in the Milwaukeed have made major strides inembracing racial, ethnixc and gender diversity at the corporate boarx level and management ranks, Joerres “Progress has been made,” he said.
“In the financial services world, you do your best recruitinh in theworst markets,” said Paul Purcell, chairman, president and CEO of Co., Milwaukee. “We grew our headcount four and a half percenrt last year when the industry was down20 percent. We’lkl probably grow another 5 percent this year when the industryu will be down another15 percent.” Purcell was one of threwe panelists who took part in a paneo discussion hosted by the .
Jeffrey Joerres, president and CEO of Milwaukee-base global staffing firm (NYSE: MAN), moderated the “When I’m running aroun d smiling when thingsare tough, it’s because I know that we’rew adding to the strength of our Purcell said. “I love downturns because you can actually managre the peoplethat you’ve got and managew the future much better than duringv an upturn.
” Having a top-notch brand is a majort benefit in recruiting qualityg employees, said Peggy Troy, president and chier executive officer of , “We have such a strong brand presence not only in the Milwaukese area but throughout the state of Wisconsin and in the wholr Midwest region,” Troy said. “Our ability to attractg talent isvery positive.” Developinhg and retaining leaders from within an organization also is crucial, she said. Children’s Hospitaol uses a talent management process to determine the level of leadershi p skills for various positions withinthe system,” Troy said.
“Aa we are trying to recruit and we know exactly what the jobrequirements are,” she Recruiting top-level talent to the Milwaukee can be Purcell said. Baird has been successful in attracting employees who were raised inthe “You can only build a firm like Baird only so far with just Purcell said. “Then you have to go and get peoplew in and you have to getthem young. You’vew got to get them in high school or righty outof college. Once they get a littlwe bit older, it’s a little bit of a hardert sell.
” Recruiting during the gloomy winted months tends to create additional challenge s in recruiting employees from outsidrthe area, Troy “You don’t want to brinfg people here in the winter, but you’vew got to be honest about it,” she “But Milwaukee offers a lot of opportunitiese in terms of family life.” Companiexs also need to be active in demonstrating at work and in the community when it comesx to attracting employees of diverse ethnic and racial backgrounds, said David Myers, president of the building efficiencuy group for Glendale-based (NYSE: JCI). “It’s reall makes a big impact,” he said.
Companies in the Milwaukeed have made major strides inembracing racial, ethnixc and gender diversity at the corporate boarx level and management ranks, Joerres “Progress has been made,” he said.
Tuesday, October 25, 2011
Loving life's lessons - Manawatu Standard
gerazawa.wordpress.com
Manawatu Standard | Loving life's lessons Manawatu Standard Judging comes under two headings, care/attention and ringcraft. Michael Driscole judges at country schools in Manawatu. With the care and attention category, he is looking for the link between child and beast. "I am also checking that the calf or lamb ... |
Sunday, October 23, 2011
F.N.B. appoints Campbell as chairman - Phoenix Business Journal:
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Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and serves on several committees. He has been a directord since 1975. “Bill is one of our longesg serving and most dedicated Gurgovits said ina statement. F.N.B. previously said it wouldd appoint a new chairman to enable Gurgovits to focuas on his corporate responsibilities and to conformto F.N.B.’e corporate guidelines. Gurgovits, who has workecd at F.N.B. for 48 years, had takej the chairman role in April 2008 when Roberft New was named CEO and president after a nearly two-year search. New resigned 10 monthsx later and Gurgovits stepped back in on an interinbasis initially.
He accepted the post fulltim onJune 2. F.N.B. is based in north of Pittsburgh, and had assets of $8.5 billioj as of March 31.
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and serves on several committees. He has been a directord since 1975. “Bill is one of our longesg serving and most dedicated Gurgovits said ina statement. F.N.B. previously said it wouldd appoint a new chairman to enable Gurgovits to focuas on his corporate responsibilities and to conformto F.N.B.’e corporate guidelines. Gurgovits, who has workecd at F.N.B. for 48 years, had takej the chairman role in April 2008 when Roberft New was named CEO and president after a nearly two-year search. New resigned 10 monthsx later and Gurgovits stepped back in on an interinbasis initially.
He accepted the post fulltim onJune 2. F.N.B. is based in north of Pittsburgh, and had assets of $8.5 billioj as of March 31.
Friday, October 21, 2011
Business Journal names 30 under 30 winners - Pittsburgh Business Times:
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The awards honor 30 outstanding St. Louis-area business leaders undef the ageof 30. The winnerse are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundakerr Commercial; Candice Brown, Bethesda Dilworth; Cassie Burd, Butlers Pantry; Rep. Don Calloway, Missouri Housed of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin ; Melissa Glauber, ; Kevinh Haar, ; Kate Heideman, ; Anna Ives, ; James ; Kate Kromann, ; Katy Lachky, ; Peterr MacKercher, ; Christallyn McCloud, ; Sara h Mullen-Dominguez, ; Katherine Murray, ; Lauren ; Clarissa Okpaleke, ; Keisha ; William Reisner, ; Natasha Rogers, ; Sondra Terry, ; Stephanir Travis, ; and Tricia Zimmer .
The winners will be featured in theBusinesse Journal’s special section July 10 and celebratef at an awards reception July 16. The awardx are sponsored by the Crosbhy MBA Program at Universityof Missouri-Columbia. For more information abougt the event, contact Kelly Rowland at 421-8307 or krowland@bizjournals.com.
The awards honor 30 outstanding St. Louis-area business leaders undef the ageof 30. The winnerse are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundakerr Commercial; Candice Brown, Bethesda Dilworth; Cassie Burd, Butlers Pantry; Rep. Don Calloway, Missouri Housed of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin ; Melissa Glauber, ; Kevinh Haar, ; Kate Heideman, ; Anna Ives, ; James ; Kate Kromann, ; Katy Lachky, ; Peterr MacKercher, ; Christallyn McCloud, ; Sara h Mullen-Dominguez, ; Katherine Murray, ; Lauren ; Clarissa Okpaleke, ; Keisha ; William Reisner, ; Natasha Rogers, ; Sondra Terry, ; Stephanir Travis, ; and Tricia Zimmer .
The winners will be featured in theBusinesse Journal’s special section July 10 and celebratef at an awards reception July 16. The awardx are sponsored by the Crosbhy MBA Program at Universityof Missouri-Columbia. For more information abougt the event, contact Kelly Rowland at 421-8307 or krowland@bizjournals.com.
Tuesday, October 18, 2011
Demand up for construction, skilled trade workers - Chicago Tribune
awipekyhila.blogspot.com
MLive.com | Demand up for construction, skilled trade workers Chicago Tribune AP Demand for construction and skilled trade workers is growing in Michigan and apprentice programs are gearing up to help fill the need. The increased demand is a boon to journeymen, apprentices and union officials who sweated out the last few years ... Demand up for construction, skilled trade workers |
Sunday, October 16, 2011
Perjalanan Karier si Pecinta Statistik - Okezone
judonebolayb1394.blogspot.com
Okezone | Perjalanan Karier si Pecinta Statistik Okezone JAKARTA - Sudah lima tahun Rusman Heriawan menduduki posisinya sebagai Kepala Badan Pusat Statistik (BPS) sejak 28 Juni 2006. Kala itu, dia menggantikan Choiril Maksum sebagai Kepala BPS periode sebelumnya. Rusman, si putra Betawi kelahiran Bogor 4 ... |
Friday, October 14, 2011
Department of Justice Announces the Defending Childhood Task Force - eNews Park Forest
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William Mitchell College of Law | Department of Justice Announces the Defending Childhood Task Force eNews Park Forest Associate Attorney General Tom Perrelli today announced the establishment of the Attorney General's National Task Force on Children Exposed to Violence. The task force is part of the Attorney General's Defending Childhood initiative, a project arising ... AG Holder's task force to hold public hearings in 4 cities on children exposed ... William Mitchell Professor Sarah Deer selected to join National Council on ... |
Wednesday, October 12, 2011
$10 billion payday - Portland Business Journal:
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Obama wants to invest as much as $1 trillioh in “shovel-ready” transportation and infrastructured projects in order to creatw jobsand kick-start the economy. Downtowmn Portland’s new access center for the homeless and disadvantagedx could qualify for thefederal cash. But firstf it needs to qualifyas “shovel-ready.” “Wee absolutely need to make sure it’s on schedule for a late fall and earlgy winter start,” said Dan Snow, the projecr manager overseeing the project. “We’ree making sure permitting things get doneon time.
We know what we’rd building, it just takes time when it goes to the city for The project could generate 125 jobs, bring about $48 million to Walshn and its subcontractors and eventually pour $76.8 million into the economy. Otheer projects that could receive money includdthe , a $45 million project in innerr Southeast Portland. The Portland Streetcat Loop, which would cost $146 millionj and create 600 jobs, could also receivew some funds, as coulde the $84 million Mt. Tabor nursery yard renovation.
Projecr managers who want some of the federal cash need towork “The more convincing people are that they can get bids out the door and get peoplr working on the sites in two months, the more they’ll see theit projects surface to the top of what’z approved,” said John Mohlis, a commissioner and executive secretary-treasure of the Columbia- . officials Wednesday also released a list of projectastotaling $273 million they say could qualifgy for Obama’s package. While outlines of Obama’s plan are still vague, projects that emphasix sustainable development could rise tothe top, potentiallt a big win for Oregon.
“In some it’s imperative now to markef Oregon’s green strengths,” said David managing director of LLC and chairman ofthe . “We can use this opportunity to demonstrate our leadership in the core areas ofenergyu efficiency, renewable energy and green-built The eventual replacement of the Sellwood Bridge, for could bring money to locaol engineering firms that specialize in sustainable design, such as and Portland’s office. John Willis, CH2M Hill’se area manager, said his team will markeg its “green” qualifications.
“This money won’t be There will be broader standards ofmeasurinb success” such as ensuring a project meets energy efficiency he said. “In Oregon, we do a lot of things the right way, and there’s a perception that we’rse a very sustainable It’s something that we’re ready to shar e outside of the state, and other companies here shoulsd dothat too.” Ryan Deckert, president of the and a formerf state senator, believes that money relating to transportation initiatives, such as streetcars, couldf depend on whether state lawmakers can devise matching fund “So if federal officials are reading line items, they can just say, ‘Oregon’w already done it, check,’” he said.
“That’s what’s worked with light rail We had it when we walkex inthe door. And we should think of this as light rail on Other dollars could flowto pre-authorized such as housing initiatives fundede through the program, said Dan Portland’s government relations director. Portlancd City Commissioner Nick Fish, who oversees Portland’d housing programs, expects Congress to steer stimulus funds toward affordable housing He also anticipates that Portland will receive more Sectiohn 8housing vouchers, which can pay as much as 30 percent of a low-income family’s The stimulus package could also help retrofit existing publiv housing projects into more energy-efficient units.
Of the $10 billioh in federal stimulus money that could landin Oregon, Portlandf officials expect around $847 million. The monehy will save 8,800 jobs. Possible stimulus-related projects: $65 million worthb of paving along keyarterial $22 million in bridgde repair. $75 million for the Portland Streetcar loop that woul d link the with the SouthjWaterfront district. $52 million for sewer work. $428 million for waterr supply projects, such as replacing or improvingthe city’as reservoirs. $86 million for parks projects, including the Washington-Monroe Communit Center, and trails construction.
$101 million for downtown’es new and a Veterans housing facilit y in the SouthWaterfront district. $30 milliohn for a new emergencycoordination center.
Obama wants to invest as much as $1 trillioh in “shovel-ready” transportation and infrastructured projects in order to creatw jobsand kick-start the economy. Downtowmn Portland’s new access center for the homeless and disadvantagedx could qualify for thefederal cash. But firstf it needs to qualifyas “shovel-ready.” “Wee absolutely need to make sure it’s on schedule for a late fall and earlgy winter start,” said Dan Snow, the projecr manager overseeing the project. “We’ree making sure permitting things get doneon time.
We know what we’rd building, it just takes time when it goes to the city for The project could generate 125 jobs, bring about $48 million to Walshn and its subcontractors and eventually pour $76.8 million into the economy. Otheer projects that could receive money includdthe , a $45 million project in innerr Southeast Portland. The Portland Streetcat Loop, which would cost $146 millionj and create 600 jobs, could also receivew some funds, as coulde the $84 million Mt. Tabor nursery yard renovation.
Projecr managers who want some of the federal cash need towork “The more convincing people are that they can get bids out the door and get peoplr working on the sites in two months, the more they’ll see theit projects surface to the top of what’z approved,” said John Mohlis, a commissioner and executive secretary-treasure of the Columbia- . officials Wednesday also released a list of projectastotaling $273 million they say could qualifgy for Obama’s package. While outlines of Obama’s plan are still vague, projects that emphasix sustainable development could rise tothe top, potentiallt a big win for Oregon.
“In some it’s imperative now to markef Oregon’s green strengths,” said David managing director of LLC and chairman ofthe . “We can use this opportunity to demonstrate our leadership in the core areas ofenergyu efficiency, renewable energy and green-built The eventual replacement of the Sellwood Bridge, for could bring money to locaol engineering firms that specialize in sustainable design, such as and Portland’s office. John Willis, CH2M Hill’se area manager, said his team will markeg its “green” qualifications.
“This money won’t be There will be broader standards ofmeasurinb success” such as ensuring a project meets energy efficiency he said. “In Oregon, we do a lot of things the right way, and there’s a perception that we’rse a very sustainable It’s something that we’re ready to shar e outside of the state, and other companies here shoulsd dothat too.” Ryan Deckert, president of the and a formerf state senator, believes that money relating to transportation initiatives, such as streetcars, couldf depend on whether state lawmakers can devise matching fund “So if federal officials are reading line items, they can just say, ‘Oregon’w already done it, check,’” he said.
“That’s what’s worked with light rail We had it when we walkex inthe door. And we should think of this as light rail on Other dollars could flowto pre-authorized such as housing initiatives fundede through the program, said Dan Portland’s government relations director. Portlancd City Commissioner Nick Fish, who oversees Portland’d housing programs, expects Congress to steer stimulus funds toward affordable housing He also anticipates that Portland will receive more Sectiohn 8housing vouchers, which can pay as much as 30 percent of a low-income family’s The stimulus package could also help retrofit existing publiv housing projects into more energy-efficient units.
Of the $10 billioh in federal stimulus money that could landin Oregon, Portlandf officials expect around $847 million. The monehy will save 8,800 jobs. Possible stimulus-related projects: $65 million worthb of paving along keyarterial $22 million in bridgde repair. $75 million for the Portland Streetcar loop that woul d link the with the SouthjWaterfront district. $52 million for sewer work. $428 million for waterr supply projects, such as replacing or improvingthe city’as reservoirs. $86 million for parks projects, including the Washington-Monroe Communit Center, and trails construction.
$101 million for downtown’es new and a Veterans housing facilit y in the SouthWaterfront district. $30 milliohn for a new emergencycoordination center.
Monday, October 10, 2011
Change of course: New Vine Logistics to restart with new funding - San Francisco Business Times:
husydow.wordpress.com
Officials at the Napa-based wine-marketing shipping, compliance and fulfillmengt company said the deal is subject to due diligence anddefinitivd agreements. If the deal goes through, said Inertias spokesman Tom Wark, it will be the first time inthe industry’s history that one compang combined capabilities in e-commerce, regulatory logistics, shipping and fulfillment “undetr one roof.
” Napa-based New a troubled wine-shipping and fulfillment company, seemed headesd for a different deal just 24 hours ago, but nearlty complete plans for a purchase of assets by fell through at the last Eight-year-old New Vine laid off much of its staff a week ago and brusquely told customeres last weekend it was no longer receiving or processing new orders. “In order to address New Vine’s customer needs and allow for their systems and operations to get back onlined and shipmentsflowing immediately, IBG will provide interim cash fundinbg to New Vine pendingt final documentation,” IBG President and CEO Ted Jansenm said in a June 5 statement.
“Operations are already gearingf up and we are confident in the ability ofNew Vine’s operationa l team and employees to quickly respond.” Jansen said his company is committed to the “direct saless channel,” meaning direct sales to wine-buying consumers, as an efficient and profitablee way for wineries to access the wine market, control theier brands and enhance profitability. “We remain committed to providing leadinh solutions for the expansion of direct wine on behalf of our clients and the wine industru asa whole, who seek a solution to the complexitiezs of direct shipping,” he said.
Inertia helpa customers build and expand onlinew winesales sites, by providing the toola to market wineries’ products online. All told, it helpse more than 500 wine brand gain access to online Clients useits web-based technologyt to handle online sales, process manage inventory and wine ensure compliance with regulations, and for other customer-service functions, accordinfg to Inertia.
Officials at the Napa-based wine-marketing shipping, compliance and fulfillmengt company said the deal is subject to due diligence anddefinitivd agreements. If the deal goes through, said Inertias spokesman Tom Wark, it will be the first time inthe industry’s history that one compang combined capabilities in e-commerce, regulatory logistics, shipping and fulfillment “undetr one roof.
” Napa-based New a troubled wine-shipping and fulfillment company, seemed headesd for a different deal just 24 hours ago, but nearlty complete plans for a purchase of assets by fell through at the last Eight-year-old New Vine laid off much of its staff a week ago and brusquely told customeres last weekend it was no longer receiving or processing new orders. “In order to address New Vine’s customer needs and allow for their systems and operations to get back onlined and shipmentsflowing immediately, IBG will provide interim cash fundinbg to New Vine pendingt final documentation,” IBG President and CEO Ted Jansenm said in a June 5 statement.
“Operations are already gearingf up and we are confident in the ability ofNew Vine’s operationa l team and employees to quickly respond.” Jansen said his company is committed to the “direct saless channel,” meaning direct sales to wine-buying consumers, as an efficient and profitablee way for wineries to access the wine market, control theier brands and enhance profitability. “We remain committed to providing leadinh solutions for the expansion of direct wine on behalf of our clients and the wine industru asa whole, who seek a solution to the complexitiezs of direct shipping,” he said.
Inertia helpa customers build and expand onlinew winesales sites, by providing the toola to market wineries’ products online. All told, it helpse more than 500 wine brand gain access to online Clients useits web-based technologyt to handle online sales, process manage inventory and wine ensure compliance with regulations, and for other customer-service functions, accordinfg to Inertia.
Saturday, October 8, 2011
Simon Cowell Says 'Jersey Shore' Inspired 'X Factor' - MTV.com
http://risk-regulationit.com/?p=53
RollingStone.com | Simon Cowell Says 'Jersey Shore' Inspired 'X Factor' MTV.com 'I wanted to find the next Snooki,' Cowell admits to MTV News of seeking hopefuls with star power during New Jersey rounds. By James Dinh, with reporting by Jim Cantiello (@jambajim) Simon Cowell knows a star when he sees one. ... 'Jersey Shore' Recap: Snooki's Convoluted Confessional Jersey Shore Recap: Gym, Tan Who's the...Who Cares? Jersey Shore Recap: The Truth About Snooki |
Wednesday, October 5, 2011
Aurora opening Summit clinic early - Memphis Business Journal:
http://right-on-target.com/traditional-archery.html
The Aurora Wilkinson Medical Clinic will open Octobeer 26 and will replace the current Aurora Wilkinson Medicaol Clinic at 915Summir Ave. in Oconomowoc, although urgent care services will continue to beofferedf there. The new clinic also will replace the AurorsaWilkinson Women’s Center and the Aurora Visionj Center, both currently in Oconomowoc. The other Aurora Wilkinson Medicao Cliniclocations – in Hartland, Dousman, Wales and Waukesha – will continue to serve “October 26 will represent the start of a new era in health care in this said Dr. David Ulery, president of Aurora Wilkinso Medical Clinic.
“The opening of our new clinicx and cancer center will move us closed to a fully integrated syste of care for the people of westerhWaukesha County.” Meanwhile, the hospital part of the project remains on schedule to open in early 2010, Aurora officials The Wilkinson clinic will open at the same time as the new Vincee Lombardi Cancer Clinic on the Summit campus. The new Aurora Medicalp Center campus in the Town of Summit is at the southeastr corner of Interstate 94 andHighway 67. The new Auroraq Wilkinson Medical Clinic will be on the west side of the and the new Vince Lombardi Cancer Clinicx is on thesoutj side.
The Aurora Wilkinson Medical Clinic will open Octobeer 26 and will replace the current Aurora Wilkinson Medicaol Clinic at 915Summir Ave. in Oconomowoc, although urgent care services will continue to beofferedf there. The new clinic also will replace the AurorsaWilkinson Women’s Center and the Aurora Visionj Center, both currently in Oconomowoc. The other Aurora Wilkinson Medicao Cliniclocations – in Hartland, Dousman, Wales and Waukesha – will continue to serve “October 26 will represent the start of a new era in health care in this said Dr. David Ulery, president of Aurora Wilkinso Medical Clinic.
“The opening of our new clinicx and cancer center will move us closed to a fully integrated syste of care for the people of westerhWaukesha County.” Meanwhile, the hospital part of the project remains on schedule to open in early 2010, Aurora officials The Wilkinson clinic will open at the same time as the new Vincee Lombardi Cancer Clinic on the Summit campus. The new Aurora Medicalp Center campus in the Town of Summit is at the southeastr corner of Interstate 94 andHighway 67. The new Auroraq Wilkinson Medical Clinic will be on the west side of the and the new Vince Lombardi Cancer Clinicx is on thesoutj side.
Monday, October 3, 2011
Academic Team honoree: Cary Chester - Business First of Buffalo:
fugowirik.wordpress.com
Accomplishments: Class valedictorian. ACT score of 34 (equaol to 1,520 on SAT). Perfect scor e on three Regents exams. /George Eastmam Young Leaders Award. President of student body. President of National Honod Society andThespian Association. Captain of swimming Full name: Cariad Dixon Chester. Born: July 18, Hornell. Parents: Cathie Chester, Robertr Myers. Residence: Alfred. Favorite class: Biology (taught by Katherine Caretto). “She does a phenomenalk job teaching a demanding curriculum and leads enlighteningclases discussions. She is the reason I am pursuing biology and a possible career in College andlikely major: , biochemistry.
Hope to be doing 10 yeares from now: “I hope to be beginning my medical careeer and performing in community If could meet anyone from history: Jesus Christ. “I woulc ask him if he thought he was the son of If could have dinner with anyonenow alive: Baracj Obama. “I’d like to know when he first though t he could be president and what allowed him to thinjk he couldbe president.” to proceed to the next First Team Joelle Crabtree.
Accomplishments: Class valedictorian. ACT score of 34 (equaol to 1,520 on SAT). Perfect scor e on three Regents exams. /George Eastmam Young Leaders Award. President of student body. President of National Honod Society andThespian Association. Captain of swimming Full name: Cariad Dixon Chester. Born: July 18, Hornell. Parents: Cathie Chester, Robertr Myers. Residence: Alfred. Favorite class: Biology (taught by Katherine Caretto). “She does a phenomenalk job teaching a demanding curriculum and leads enlighteningclases discussions. She is the reason I am pursuing biology and a possible career in College andlikely major: , biochemistry.
Hope to be doing 10 yeares from now: “I hope to be beginning my medical careeer and performing in community If could meet anyone from history: Jesus Christ. “I woulc ask him if he thought he was the son of If could have dinner with anyonenow alive: Baracj Obama. “I’d like to know when he first though t he could be president and what allowed him to thinjk he couldbe president.” to proceed to the next First Team Joelle Crabtree.
Saturday, October 1, 2011
Southwest to pets: Come fly with us! - Puget Sound Business Journal (Seattle):
andreychukuze.blogspot.com
Dallas-based Southwest (NYSE: LUV) is showing smal l cats and dogs “the by creating a new special fare that allows them to fly as long as thei r carrier fits comfortably under theairplane seat. Cat and dog travel beginw on June 1 for customers who meetthe criteria. "We know from customer and employee feedback that ournew 'pet' customers will be a welcome addition to any flight," said Southwesyt Airlines Chairman, President and CEO Gary "Our enhanced boarding process has opened the allowing us to accommodate small pets comfortablyg on a Southwest flight — without impacting our efficiency.
" Southwest (NYSE: LUV) also will begin implementing a $25 each-wau service charge to watch over childreb ages 5 to 11 who are unaccompaniesd by adults. That service previouslty was offeredfor free. "We are proud to offer an outstanding service for our youngg customers traveling alone but realizd that the extra service does come at a cost to the Kelly said inthe release. Southwest will increase its existintg service charge for a third bag oroverweigh (51 to 70 bag from $25 to $50.
Passengerx will continue to be able to check two bags undedr 51 pounds withouta "We continue to allow our customere to check two bags on Southwest for free, makingg our baggage policy far and away one of the most generous in the Kelly said in the release. "The increase in the baggagd charge impacts approximately 1 percent of our Each of the new policied will take effect onJune 17. The pet and unaccompanied-minoe charges will apply to tickets purchased on or after June 1 for peoplew flying on or afterJune 17.
Dallas-based Southwest (NYSE: LUV) is showing smal l cats and dogs “the by creating a new special fare that allows them to fly as long as thei r carrier fits comfortably under theairplane seat. Cat and dog travel beginw on June 1 for customers who meetthe criteria. "We know from customer and employee feedback that ournew 'pet' customers will be a welcome addition to any flight," said Southwesyt Airlines Chairman, President and CEO Gary "Our enhanced boarding process has opened the allowing us to accommodate small pets comfortablyg on a Southwest flight — without impacting our efficiency.
" Southwest (NYSE: LUV) also will begin implementing a $25 each-wau service charge to watch over childreb ages 5 to 11 who are unaccompaniesd by adults. That service previouslty was offeredfor free. "We are proud to offer an outstanding service for our youngg customers traveling alone but realizd that the extra service does come at a cost to the Kelly said inthe release. Southwest will increase its existintg service charge for a third bag oroverweigh (51 to 70 bag from $25 to $50.
Passengerx will continue to be able to check two bags undedr 51 pounds withouta "We continue to allow our customere to check two bags on Southwest for free, makingg our baggage policy far and away one of the most generous in the Kelly said in the release. "The increase in the baggagd charge impacts approximately 1 percent of our Each of the new policied will take effect onJune 17. The pet and unaccompanied-minoe charges will apply to tickets purchased on or after June 1 for peoplew flying on or afterJune 17.
Thursday, September 29, 2011
Empire Homes owner arrested - The Business Journal of the Greater Triad Area:
uqyvemiwu.wordpress.com
According to Lt. Brad Shirley of the Grahaj Police Department, DeWeese got into a disputew in Elon on Saturdagy with a subcontractor overunpaid bills. Elon police were and when officers ran a records found that there was an arrestf warrant out for DeWeessein Graham. Graham officers were called, and they arrested DeWeese for felony obtaining monehy byfalse pretenses. Shirley said his office begamn investigating DeWeese in March over allegationds that heaccepted $25,000 from a customerd to build a home, but that work never begamn before his company, Empire Homees in Graham, shut down. Shirleyy said the warrant was issuedin May.
Shirleg said his first court appearances was scheduledfor Tuesday, but did not have any other information on the hearing. DeWeese could not be immediatel y reachedfor comment. DeWeese closed his six-year-olrd home building company earlier this spring as it faced millionws of dollars in liens and lawsuits forunpaisd bills. Several of the company’sx lots have been taken back by and recently, a trio of investoras bought Empire’s 23,000-square-foot headquarters for $854,437 in a foreclosure auction.
According to Lt. Brad Shirley of the Grahaj Police Department, DeWeese got into a disputew in Elon on Saturdagy with a subcontractor overunpaid bills. Elon police were and when officers ran a records found that there was an arrestf warrant out for DeWeessein Graham. Graham officers were called, and they arrested DeWeese for felony obtaining monehy byfalse pretenses. Shirley said his office begamn investigating DeWeese in March over allegationds that heaccepted $25,000 from a customerd to build a home, but that work never begamn before his company, Empire Homees in Graham, shut down. Shirleyy said the warrant was issuedin May.
Shirleg said his first court appearances was scheduledfor Tuesday, but did not have any other information on the hearing. DeWeese could not be immediatel y reachedfor comment. DeWeese closed his six-year-olrd home building company earlier this spring as it faced millionws of dollars in liens and lawsuits forunpaisd bills. Several of the company’sx lots have been taken back by and recently, a trio of investoras bought Empire’s 23,000-square-foot headquarters for $854,437 in a foreclosure auction.
Tuesday, September 27, 2011
FDIC hits Cape Fear Bank with cease and desist letter - Triangle Business Journal:
hyhekim.wordpress.com
The bank, formerly called the Bank of says the list of remedial actions was spelled out in a ceasse and desist order issued by the FDIC followingv an October2008 audit. The bank’sz release did not specify how much additionalo capital the lender will be requirexd to raise to satisfy As part of the cease and desist CapeFear (Nasdaq: CAPE) also was directec to strengthen its management team, a step the bank says was followingt the proxy fight launched by Burlingtonj textile executive and bank investor Maurice In November, Ralph Strayhorn, former chie f executive of Greensboro-based , was named Cape Fear CEO. In five new directors were appointed.
“The new board of directorsd and the new chief executive officer of the have been activelu engaged in responding to the concernsw raised inthe order,” the bank’s statement The bank's leadership also will have to deal with its plummetin stock. Cape Fear shares, already trading for under $1, lost almosty half of their value on Thursday aftee Cape Fear issued a release saying it had receivex the cease anddesist order. The stock price, whicy has reached as high as $10.14 over the past 12 closed Thursdayat 33.5 cents.
The bank, formerly called the Bank of says the list of remedial actions was spelled out in a ceasse and desist order issued by the FDIC followingv an October2008 audit. The bank’sz release did not specify how much additionalo capital the lender will be requirexd to raise to satisfy As part of the cease and desist CapeFear (Nasdaq: CAPE) also was directec to strengthen its management team, a step the bank says was followingt the proxy fight launched by Burlingtonj textile executive and bank investor Maurice In November, Ralph Strayhorn, former chie f executive of Greensboro-based , was named Cape Fear CEO. In five new directors were appointed.
“The new board of directorsd and the new chief executive officer of the have been activelu engaged in responding to the concernsw raised inthe order,” the bank’s statement The bank's leadership also will have to deal with its plummetin stock. Cape Fear shares, already trading for under $1, lost almosty half of their value on Thursday aftee Cape Fear issued a release saying it had receivex the cease anddesist order. The stock price, whicy has reached as high as $10.14 over the past 12 closed Thursdayat 33.5 cents.
Sunday, September 25, 2011
Staff say Falkirk-based college can’t take any more - Falkirk Herald
Built In Refrigerators
Staff say Falkirk-based college can’t take any more Falkirk Herald Despite a record number of applicants, Scottish colleges have seen a drop of seven per cent in staff, which is above any other public sector area. Speaking yesterday Billy McChord, secretary of the Forth Valley branch of Educational Institute of ... |
Friday, September 23, 2011
Archway doubles in size with acquisition of Resolve division - Minneapolis / St. Paul Business Journal:
sucujovide.wordpress.com
has completed its purchase of the supply chai management divisionof Toronto’s Resolve Business Outsourcin Income Fund. Archway paid abouft $21 million for the division ofResolve (TSX: RBO.UN). The deal included client contracts, eight American locations and fiveCanadiabn locations, as well as approximately 800 according to a press release from Resolve. As a resul of the deal, Archway has nearly doubled in size to annua l revenues ofabout $200 million and closer to 1,500 employees and 3.5 millionm square feet of distribution space, Archwagy said in its press release. Archway is a marketing operationz management company that assists firms with rebates andconsumeer promotions.
It is also one of the largesr managers and inNorth America. Archway has more than 40 including Target, Mars, Ford, MasterCard, Taco Bell, and Microsoft. Resolve’s supply chaimn management division has approximateluy 225 clientsincluding Neutrogena, Honda, Millefr Brewing, Pepsi, Staples, Philip Blockbuster, Procter & Gamble and Kimberly-Clark. Archwayg said this deal will help it gain more economiess of scale and land more business in the turbulenf fulfillment andpromotions industry. “Major brands are streamlininy their marketing resources and looking for partners they can count on to perforkm the work ofmultiple vendors,” stated Mike Moroz, president of Archway.
“More importantly, they need to be confident that theid partners are going to be in business tomorrow and next Archway is privately InNovember 2008, Tailwinr Capital Partners and Black Canyon Capitalo acquired the company along with the Archway management team.
has completed its purchase of the supply chai management divisionof Toronto’s Resolve Business Outsourcin Income Fund. Archway paid abouft $21 million for the division ofResolve (TSX: RBO.UN). The deal included client contracts, eight American locations and fiveCanadiabn locations, as well as approximately 800 according to a press release from Resolve. As a resul of the deal, Archway has nearly doubled in size to annua l revenues ofabout $200 million and closer to 1,500 employees and 3.5 millionm square feet of distribution space, Archwagy said in its press release. Archway is a marketing operationz management company that assists firms with rebates andconsumeer promotions.
It is also one of the largesr managers and inNorth America. Archway has more than 40 including Target, Mars, Ford, MasterCard, Taco Bell, and Microsoft. Resolve’s supply chaimn management division has approximateluy 225 clientsincluding Neutrogena, Honda, Millefr Brewing, Pepsi, Staples, Philip Blockbuster, Procter & Gamble and Kimberly-Clark. Archwayg said this deal will help it gain more economiess of scale and land more business in the turbulenf fulfillment andpromotions industry. “Major brands are streamlininy their marketing resources and looking for partners they can count on to perforkm the work ofmultiple vendors,” stated Mike Moroz, president of Archway.
“More importantly, they need to be confident that theid partners are going to be in business tomorrow and next Archway is privately InNovember 2008, Tailwinr Capital Partners and Black Canyon Capitalo acquired the company along with the Archway management team.
Wednesday, September 21, 2011
BWW Reviews: MANIFEST DESTINY at The Kings Head Theatre - Broadway World
pabigy.wordpress.com
Spoonfed | BWW Reviews: MANIFEST DESTINY at The Kings Head Theatre Broadway World One of the central messages of Keith Burstein's and Dic Edwards' Manifest Destiny 2011, a reworking of their 2003 opera Manifest Destiny (at the King's Head Theatre in rep), addresses the question of whether art can be more powerful than violence in ... Manifest Destiny 2011 at Kings Head Theatre |
Sunday, September 18, 2011
Fernwood pops as the Bubble Man delights - Globe and Mail
aaekipolo.blogspot.com
Globe and Mail | Fernwood pops as the Bubble Man delights Globe and Mail On 363 days of the year, excepting only Christmas and New Year's, he can be found on or near Fernwood Square in Victoria, where he delights passersby by blowing, manufacturing and otherwise interacting with soapy bubbles. “Little kids chase them. ... |
Friday, September 16, 2011
Fitch cuts UCBH rating as bank suspends dividend - Austin Business Journal:
ekaterinaiuvo.blogspot.com
The troubled bank also hired a financial adviser to assisy withcapital planning. Fitcbh downgraded UCBH’s long-term issue debt ratings to CCCfrom B-plus on citing the bank’s decision to defer dividend payments on hybrid securities. The deferral includews payments onits $298 million of preferre d stock issued to the U.S. Treasury under the Trouble AssetRelief Program. “While the holding company presently has sufficient cash resourcea to pay these Fitch believes that future dividend payments would have likelyhbeen restricted,” Fitch said in a statement.
“Given UCBH’sd financial pressures, Fitch anticipates that the compangy will likely be subject to regulatory which would potentially weaken theparent company’s financial profile Fitch said. The ratings agency said the bank remainsa highly exposed to commercial real estate introublef markets. Fitch notes that UCBH (NASDAQ: UCBH) remainsa in discussions with , a major about a capital injection.
But beyond UCBH would have trouble raising substantial capital onWall “The challenging economic and operating environmentr calls for difficult decisionsx and a specific action plan that puts UCBH on a solidr foundation for the future,” said Thomas Wu, chairmamn and CEO of UCBH. “We continue to work toward completinfg our financial restatements in thecurrent quarter. “Bg conserving and building capital, focusing on our core banking businesses and continuingf to provide exceptional service to our we will be in a strongerr position to realizeour long-term growtbh potential,” Wu said.
UCBH has been struggling with residential constructio loans inSouthern California. The bank’s shares recentlu changed handsat $1.21 aftedr trading over the past year between $1 and $7.65. with $13 billion in assets, has built a globa l presence with offices inkey U.S. cities and in Chinas to serve the Chinese communities in the Unitefd States and American companies doing businessin
The troubled bank also hired a financial adviser to assisy withcapital planning. Fitcbh downgraded UCBH’s long-term issue debt ratings to CCCfrom B-plus on citing the bank’s decision to defer dividend payments on hybrid securities. The deferral includews payments onits $298 million of preferre d stock issued to the U.S. Treasury under the Trouble AssetRelief Program. “While the holding company presently has sufficient cash resourcea to pay these Fitch believes that future dividend payments would have likelyhbeen restricted,” Fitch said in a statement.
“Given UCBH’sd financial pressures, Fitch anticipates that the compangy will likely be subject to regulatory which would potentially weaken theparent company’s financial profile Fitch said. The ratings agency said the bank remainsa highly exposed to commercial real estate introublef markets. Fitch notes that UCBH (NASDAQ: UCBH) remainsa in discussions with , a major about a capital injection.
But beyond UCBH would have trouble raising substantial capital onWall “The challenging economic and operating environmentr calls for difficult decisionsx and a specific action plan that puts UCBH on a solidr foundation for the future,” said Thomas Wu, chairmamn and CEO of UCBH. “We continue to work toward completinfg our financial restatements in thecurrent quarter. “Bg conserving and building capital, focusing on our core banking businesses and continuingf to provide exceptional service to our we will be in a strongerr position to realizeour long-term growtbh potential,” Wu said.
UCBH has been struggling with residential constructio loans inSouthern California. The bank’s shares recentlu changed handsat $1.21 aftedr trading over the past year between $1 and $7.65. with $13 billion in assets, has built a globa l presence with offices inkey U.S. cities and in Chinas to serve the Chinese communities in the Unitefd States and American companies doing businessin
Wednesday, September 14, 2011
Waist management - Portland Business Journal:
grachevakautawil.blogspot.com
signed a major contract with Charlotte, N.C.-basex , an insurance brokerage and employee benefits consulting last month. Terms were not disclosed, but Quality Healtgh CEO and President Brian Thomas said it was asignificantt deal. The group purchasing agreement gives the employerss a discounted rate for wellness servicesefor workers. Wachovia serves as the insurance broker for the 50 businessex likely to sign up with Qualitgy Health Solutions underthe deal.
The contract includes health risk appraisalsa for all workers and their spousesor partners, annual on-site healthu screenings, smoking cessation and weight-loss services, depression-prevention and medication adherence programs, and telephone-baseds health coaching for employees with the greatest health The deal was in the worka for a year. "They have the best progran out there in termsa of the science behind the productthey deliver," said Melissa Wachovia Insurance Services vice president and leaderd for clinical strategies.
Driven in part by rising healt hinsurance premiums, more than one-halfg of all large businesses offer some kind of wellnessd services, such as weight-loss health risk assessments or help with quitting according to an employer surveyg conducted by the Hay Group consultancy. More than 25 perceng of large businesses offer discounted health club membershipz orfitness coaching. Basede on the preference of individual workers may have to pay higher insurance premiums if they do not participate inthe program.Thomas said participation ratew average 92 percent with the help of such financiap incentives.
To ramp up for increased Quality Health Solutions will boost its worker countf by63 percent, to about 39 Thomas estimated the deal will boost the company'w sales by 25 percent. The privately held business does notdisclosde revenue, but the Disease Managemenyt Purchasing Consortium estimates its annual revenue is $17 Founded in 2001, Thomas' company sproutexd from his collaboration with two top national expertsd in behavior change and health-relatec quality of life measures.
Thomas helpedr create and later gained exclusive rights to a health assessment that can help health plans and larger employers predictan individual's near-term use of health care resources, identifgy their risk of behavior-related diseasse and identify their readiness to make lifestylew changes. The company serves health plans in additiojnto self-insured employers. Revelations that personal behaviorx such as inactivity and smoking account for roughly 50 percentt of employer healthcare expenditures, plus rising healt h premium costs, have piquecd employer interest in helping workers make healthy lifestyle changes. Employer-sponsoredf health insurance premiumsrose 7.
7 perceny in 2006, compared with 9.2 percent in 2005 and 13.9 percent in according to the . But employers are also increasingly skeptica of claims made by wellness saidAl Lewis, president of the Mass.-based Disease Management Purchasing a membership organization for wellness and disease management companies. Whilwe wellness programs have adult smoking rates have remained flat and adulty obesity rates have continuedto climb. Qualith Health Solutions made thenonprofit consortium' s 2007 honor roll, a list of the top seven wellness companies in the country selected for stront program outcomes, and the use of valid toola to measure whether a wellnessz program is effective.
signed a major contract with Charlotte, N.C.-basex , an insurance brokerage and employee benefits consulting last month. Terms were not disclosed, but Quality Healtgh CEO and President Brian Thomas said it was asignificantt deal. The group purchasing agreement gives the employerss a discounted rate for wellness servicesefor workers. Wachovia serves as the insurance broker for the 50 businessex likely to sign up with Qualitgy Health Solutions underthe deal.
The contract includes health risk appraisalsa for all workers and their spousesor partners, annual on-site healthu screenings, smoking cessation and weight-loss services, depression-prevention and medication adherence programs, and telephone-baseds health coaching for employees with the greatest health The deal was in the worka for a year. "They have the best progran out there in termsa of the science behind the productthey deliver," said Melissa Wachovia Insurance Services vice president and leaderd for clinical strategies.
Driven in part by rising healt hinsurance premiums, more than one-halfg of all large businesses offer some kind of wellnessd services, such as weight-loss health risk assessments or help with quitting according to an employer surveyg conducted by the Hay Group consultancy. More than 25 perceng of large businesses offer discounted health club membershipz orfitness coaching. Basede on the preference of individual workers may have to pay higher insurance premiums if they do not participate inthe program.Thomas said participation ratew average 92 percent with the help of such financiap incentives.
To ramp up for increased Quality Health Solutions will boost its worker countf by63 percent, to about 39 Thomas estimated the deal will boost the company'w sales by 25 percent. The privately held business does notdisclosde revenue, but the Disease Managemenyt Purchasing Consortium estimates its annual revenue is $17 Founded in 2001, Thomas' company sproutexd from his collaboration with two top national expertsd in behavior change and health-relatec quality of life measures.
Thomas helpedr create and later gained exclusive rights to a health assessment that can help health plans and larger employers predictan individual's near-term use of health care resources, identifgy their risk of behavior-related diseasse and identify their readiness to make lifestylew changes. The company serves health plans in additiojnto self-insured employers. Revelations that personal behaviorx such as inactivity and smoking account for roughly 50 percentt of employer healthcare expenditures, plus rising healt h premium costs, have piquecd employer interest in helping workers make healthy lifestyle changes. Employer-sponsoredf health insurance premiumsrose 7.
7 perceny in 2006, compared with 9.2 percent in 2005 and 13.9 percent in according to the . But employers are also increasingly skeptica of claims made by wellness saidAl Lewis, president of the Mass.-based Disease Management Purchasing a membership organization for wellness and disease management companies. Whilwe wellness programs have adult smoking rates have remained flat and adulty obesity rates have continuedto climb. Qualith Health Solutions made thenonprofit consortium' s 2007 honor roll, a list of the top seven wellness companies in the country selected for stront program outcomes, and the use of valid toola to measure whether a wellnessz program is effective.
Monday, September 12, 2011
Locust Walk paves way for life sciences concerns - Philadelphia Business Journal:
clarityviellegq67.blogspot.com
His idea was to creats a food-delivery company that would take lunch orders and brint the meals to workers in busines s parks that hadfew close-by places to eat. “It was goinfg to be called halfstarved.com,” Meyerson said. “k had clients lined up and restaurantslined up.” In the end, he decideed not to launch the venture becausw he was not “100 percenyt committed” to the project. “Iu learned a very valuable lesson that you must put yourselv in a position where failure is notan option,” Meyerson said. “I don’t view it as a failure. I look at it as a launchint point formy career.
” Last December, he co-founded with Jay his former boss at Zelose Therapeutics in West Conshohocken. “I have no choicw but to succeed since I have no backup he said. Meyerson said the firm is neitherd a managementconsulting firm, nor an investmenty banking firm. Instead, Locust Walk provides advisory servicesz to life sciences companies in areazs such asproduct licensing, financing and pipeline Meyerson said his team can augment a biopharmaceuticalk companies’ existing “in-house capabilities” and providse a lower-cost alternative to adding full-time staff. The firm chargez a small retainer and bills additionao charges basedon performance.
“It’ s ironic, but it’s this economy that has provided us with the opportunitg todo this,” Meyerson said. Sincee its launch, the company has grow to seven employees and just signedd up itsfifth client. Before starting Locust Walk, Meyerson workedd for both venture capital andbiotechnology companies. His first job out of collegde waswith UBS’ global health-care investment banking where he was involved in closing 12 funding dealz involving biotech and pharmaceutical companies. He came to Philadelphiaw five years ago in pursuit ofa master’e degree from the .
“If I was going to stay in the biotechy field, I needed to understand their language,” Meyersobn said. While pursuing that degree and an MBAin health-care managemeng from Penn’s Wharton School, Meyerson workesd part time at assisting with licensin g and venture capital activities and becoming well-acquainted with Amtrak and trainj commuting. Meyerson’s next part-time job was at SR One, the venture capital arm of , where he was involvesd in closing seven transactions in the United Statesand Europe. Afte r graduating from Wharton, Meyerson had an option of joining SR Onefull time, but insteacd he wanted to strengthen his industry experience.
So, he took a job with Zelosz as director of business developmenft where he worked underMohr — anothetr Penn alumnus and his Locust Walk co-founder. At Zelos, Meyersonn negotiated a drug-delivery collaboration with Aegis Therapeutics and a licensinv deal with a Japanesepharmaceutical company. In his sparr time, in the summerr of 2006, Meyerson teamed up with Patrick Lee at in Philadelphiaa to createPhilly BioBreak, a social networkingb organization that brings together people who operate and invest in life sciences The meetings are typically attendedr by about 100 people and food and beverage expenses are coverefd by sponsors.
“We just get together for a drink and to get to know he said. “We don’t have panel discussions or anythinbglike that.” In they expand the concept into New Jersey with their firsgt event in New Brunswick. “We hope to take BioBreal nationwide,” Meyerson said. “We are looking to take the concepft toother markets, perhaps Boston, San Francisc and New York.”
His idea was to creats a food-delivery company that would take lunch orders and brint the meals to workers in busines s parks that hadfew close-by places to eat. “It was goinfg to be called halfstarved.com,” Meyerson said. “k had clients lined up and restaurantslined up.” In the end, he decideed not to launch the venture becausw he was not “100 percenyt committed” to the project. “Iu learned a very valuable lesson that you must put yourselv in a position where failure is notan option,” Meyerson said. “I don’t view it as a failure. I look at it as a launchint point formy career.
” Last December, he co-founded with Jay his former boss at Zelose Therapeutics in West Conshohocken. “I have no choicw but to succeed since I have no backup he said. Meyerson said the firm is neitherd a managementconsulting firm, nor an investmenty banking firm. Instead, Locust Walk provides advisory servicesz to life sciences companies in areazs such asproduct licensing, financing and pipeline Meyerson said his team can augment a biopharmaceuticalk companies’ existing “in-house capabilities” and providse a lower-cost alternative to adding full-time staff. The firm chargez a small retainer and bills additionao charges basedon performance.
“It’ s ironic, but it’s this economy that has provided us with the opportunitg todo this,” Meyerson said. Sincee its launch, the company has grow to seven employees and just signedd up itsfifth client. Before starting Locust Walk, Meyerson workedd for both venture capital andbiotechnology companies. His first job out of collegde waswith UBS’ global health-care investment banking where he was involved in closing 12 funding dealz involving biotech and pharmaceutical companies. He came to Philadelphiaw five years ago in pursuit ofa master’e degree from the .
“If I was going to stay in the biotechy field, I needed to understand their language,” Meyersobn said. While pursuing that degree and an MBAin health-care managemeng from Penn’s Wharton School, Meyerson workesd part time at assisting with licensin g and venture capital activities and becoming well-acquainted with Amtrak and trainj commuting. Meyerson’s next part-time job was at SR One, the venture capital arm of , where he was involvesd in closing seven transactions in the United Statesand Europe. Afte r graduating from Wharton, Meyerson had an option of joining SR Onefull time, but insteacd he wanted to strengthen his industry experience.
So, he took a job with Zelosz as director of business developmenft where he worked underMohr — anothetr Penn alumnus and his Locust Walk co-founder. At Zelos, Meyersonn negotiated a drug-delivery collaboration with Aegis Therapeutics and a licensinv deal with a Japanesepharmaceutical company. In his sparr time, in the summerr of 2006, Meyerson teamed up with Patrick Lee at in Philadelphiaa to createPhilly BioBreak, a social networkingb organization that brings together people who operate and invest in life sciences The meetings are typically attendedr by about 100 people and food and beverage expenses are coverefd by sponsors.
“We just get together for a drink and to get to know he said. “We don’t have panel discussions or anythinbglike that.” In they expand the concept into New Jersey with their firsgt event in New Brunswick. “We hope to take BioBreal nationwide,” Meyerson said. “We are looking to take the concepft toother markets, perhaps Boston, San Francisc and New York.”
Saturday, September 10, 2011
Fine
http://earthscholars.com/pages/6/page6.html
Opened in early 2008, the bistro was the brainchil ofMike Fine, who successfulluy launched and then sold the Sportsman’ds Fine Wine and Spirits concept now owned by The restaurant closed May 30, Fine “It’s just been a struggle from the We opened at a really bad time,” he While the restaurant had strong months during the past year, summer 2008 was tougnh — and Fine saw summer approaching once “We seemed to be doinbg all right,” he “But in mid-April, all of a sudden things changed.” He approached his financial and they made the decision to closd the restaurant.
“We just really had to make a businesx decision, not an emotional one. It was all dollars and cents,” Fine said. Now, like many others across the Valleu andthe nation, Fine is hittintg the pavement. “Right now, I am looking for a job. I’ve worke 80, 90, 100 hours a week for the past two he said.
Opened in early 2008, the bistro was the brainchil ofMike Fine, who successfulluy launched and then sold the Sportsman’ds Fine Wine and Spirits concept now owned by The restaurant closed May 30, Fine “It’s just been a struggle from the We opened at a really bad time,” he While the restaurant had strong months during the past year, summer 2008 was tougnh — and Fine saw summer approaching once “We seemed to be doinbg all right,” he “But in mid-April, all of a sudden things changed.” He approached his financial and they made the decision to closd the restaurant.
“We just really had to make a businesx decision, not an emotional one. It was all dollars and cents,” Fine said. Now, like many others across the Valleu andthe nation, Fine is hittintg the pavement. “Right now, I am looking for a job. I’ve worke 80, 90, 100 hours a week for the past two he said.
Thursday, September 8, 2011
Merge commences Etrials exchange offer - Triangle Business Journal:
ihituvofy.wordpress.com
The exchange offer is scheduled to expirre at midnight EDT at the end ofJuly 14, unleses extended, Merge said Tuesday. Merge's tender offer consistes of a mix of 80 cents in cashand 0.3448 shares of Merge common stock (Nasdaq: MRGE) for each share of Etrials common stock (Nasdaq:ETWC) . The cash-and-stock deal was value d at morethan $18.3 million when it was announcec June 1. Merge from Pennsylvania-based (Nasdaq: BITI), whic had reached an agreement to buy Etrialsfor $9.9 milliobn last month. That offer was raised to $14.8 million in response to an unsolicited offer for ETrials fromanother company, whose name was not revealed.
But Bio-Imaging which does business under the name decided that it could notmatchg Merge’s offer, which Etrials officials preferred. A combination of Merge and Etrialsd will be able to provide clinical triak sponsors and contract research organization s with configurable systems that include both critical imaging technologies and electronicclinical capabilities, Merge said in a press release when the transactioj was announced.
The exchange offer is scheduled to expirre at midnight EDT at the end ofJuly 14, unleses extended, Merge said Tuesday. Merge's tender offer consistes of a mix of 80 cents in cashand 0.3448 shares of Merge common stock (Nasdaq: MRGE) for each share of Etrials common stock (Nasdaq:ETWC) . The cash-and-stock deal was value d at morethan $18.3 million when it was announcec June 1. Merge from Pennsylvania-based (Nasdaq: BITI), whic had reached an agreement to buy Etrialsfor $9.9 milliobn last month. That offer was raised to $14.8 million in response to an unsolicited offer for ETrials fromanother company, whose name was not revealed.
But Bio-Imaging which does business under the name decided that it could notmatchg Merge’s offer, which Etrials officials preferred. A combination of Merge and Etrialsd will be able to provide clinical triak sponsors and contract research organization s with configurable systems that include both critical imaging technologies and electronicclinical capabilities, Merge said in a press release when the transactioj was announced.
Monday, September 5, 2011
Dayton employment to remain sluggish into third quarter - Tampa Bay Business Journal:
shelly-polymer.blogspot.com
Tom Traynor, an economics professord at Wright State and author ofthe report, said unemployment increases will continue at their accelerated pace into the thirc quarter of this year. The Dayton Metropolitan Statistical whichincludes Montgomery, Greene, Miami and Preble counties, is projectedf to lose 6,000 to 7,000 jobs in the thirs quarter. That would drop employment to downfrom 380,400 in the first quartere of the year, a 2 percent The hardest-hit area is one the Daytomn area has long relied on, manufacturing. “Manufacturing employment willfall substantially,” Traynor said.
Forecasts from the repory show employment in the sector fallingfrom 42,300 in the first quartert of this year to 36,100 by the thircd quarter, a nearly 15 percent Durable goods manufacturing will be hit in Traynor said. “People aren’t spending. They are waitinh to buy a new car or that new he said. Retail and service employment are also expecteddto decrease. Retail employment is expected to dropto 39,100 by the third down from 40,000 in the firsf quarter, a 2 percent Service employment, which includes financial service, business utilities and leisure service, is projected to decrease to 324,20 0 by the third quarter, down from 326,700 in the firsg quarter, a nearly 1 percent decline.
“Th next year to year and a half will be an unpleasantg time forthe region,” Traynorf said. Construction employment is expected to rise as a part ofseasonao employment, to 13,400 from 11,400 in the firsty quarter, but that is 1,000 jobs fewer than the same time periods last year. One area of employment that isn’yt expected to be hit hard is health In fact, Traynor said he expectsa health care to add some jobs by the third going up to 56,500 from 56,300 in the first quarter. He said the rate of declinee in gross domestic product will but remain negative through the third quarter and maybe into the fourth quarterr ofthis year.
Even when GDP does become positive again, it will take some time for employmen to pick up becauswe it is a lagging indicator ofeconomid recovery. Traynor said there is a great deal of uncertaintyh still on thenational level, as businesses try to determind the impact of governmeng actions. Traynor said the proble of high unemployment is not going awayanytime “This is something we’re going to be livinvg with for quite a while, well into next he said.
Tom Traynor, an economics professord at Wright State and author ofthe report, said unemployment increases will continue at their accelerated pace into the thirc quarter of this year. The Dayton Metropolitan Statistical whichincludes Montgomery, Greene, Miami and Preble counties, is projectedf to lose 6,000 to 7,000 jobs in the thirs quarter. That would drop employment to downfrom 380,400 in the first quartere of the year, a 2 percent The hardest-hit area is one the Daytomn area has long relied on, manufacturing. “Manufacturing employment willfall substantially,” Traynor said.
Forecasts from the repory show employment in the sector fallingfrom 42,300 in the first quartert of this year to 36,100 by the thircd quarter, a nearly 15 percent Durable goods manufacturing will be hit in Traynor said. “People aren’t spending. They are waitinh to buy a new car or that new he said. Retail and service employment are also expecteddto decrease. Retail employment is expected to dropto 39,100 by the third down from 40,000 in the firsf quarter, a 2 percent Service employment, which includes financial service, business utilities and leisure service, is projected to decrease to 324,20 0 by the third quarter, down from 326,700 in the firsg quarter, a nearly 1 percent decline.
“Th next year to year and a half will be an unpleasantg time forthe region,” Traynorf said. Construction employment is expected to rise as a part ofseasonao employment, to 13,400 from 11,400 in the firsty quarter, but that is 1,000 jobs fewer than the same time periods last year. One area of employment that isn’yt expected to be hit hard is health In fact, Traynor said he expectsa health care to add some jobs by the third going up to 56,500 from 56,300 in the first quarter. He said the rate of declinee in gross domestic product will but remain negative through the third quarter and maybe into the fourth quarterr ofthis year.
Even when GDP does become positive again, it will take some time for employmen to pick up becauswe it is a lagging indicator ofeconomid recovery. Traynor said there is a great deal of uncertaintyh still on thenational level, as businesses try to determind the impact of governmeng actions. Traynor said the proble of high unemployment is not going awayanytime “This is something we’re going to be livinvg with for quite a while, well into next he said.
Saturday, September 3, 2011
Sharpe Group creates investment division, plans to manage $1B for nonprofits by 2012 - Memphis Business Journal:
younkinesagugad1746.blogspot.com
To jump-start the venture, the Kemmonsz Wilson family has invested in excessof $300 millio n from the family's marketable securities in variouas portfolios, including the family foundation, with Sharpe Investmenr Advisors, says Tony Graves, president and CEO of Sharped Investment Advisors. Graves' independent registered investment advisory firm targetse portfolio managementof medium-size nonprofits. Specifically, it is targeting groups with investable assetsof $5 million-$590 million, he says. Historically, The Sharpe Group has helpexd nonprofit organizations and institutionslike colleges, churches, zoos, museums and environmental groups raise Graves says.
Sharpe Investment Advisors will help roundr out thatfinancial service, he says, by investing and managing nonprofiyt capital. "Sharpe Group helped nonprofitx raise capital primarily throughplannedc giving," Graves says. "What this business is focused on is helpingy them through the wholeelife cycle." The firm currently has a staftf of four, which includes two financial analysts and an operations and compliancd administrator. The goal is to have more than $500 million unde r management in the next yearand $1 billionh in the next five years, Graves says.
He thinksw that's possible because the nonprofigt world is increasingly coming unded scrutiny fromoutside regulators. Standards established by the Sarbanes-Oxlehy Act of 2002, also knowbn as the Public Company Accountinbg Reform and InvestorProtection Act, are startin g to creep into the financial managemen of nonprofits and there is a need for more transparency and key features of Sharpe Investment Advisors, Gravexs says. "Our timing is good from what we've heard from the market," he says. "We thinl we'll get our share of audienc e just because of thefresh approach.
" Nancyg McGee, CEO of The Alliance for Nonprofit Excellence in says there is clearly a need for investment guidancde among the small- to medium-size nonprofits, which she defines as thoses "with a few million up to $10 of investable assets. Historically, those size groups have not attracted someones with investment expertise toits board, leaving a big gap in the planning process. "You may see a CPA or an but not necessarily someone into she says. The creatiojn of Sharpe Investment Advisors has been planned for more than a year and came aboug largely after KemmonsWilson Cos. bought an interest in The Sharpre Groupin 2006.
Graves previously worked at for 13 yearas and was managing partner of its WealthbManagement Division. He managed the Wilson family portfoliosz the last10 years. While The Sharpe Group has been consultint with nonprofits around the country for more than 44 the addition of the Wilsonj influence brought added financial resources and a reputationof philanthropy, says Tom president and CEO of The Sharpe Group and chairma n of Sharpe Investment Advisors. "We could not have done this withoutrthe Wilsons," he says. "The access to institutional firmse would not have been possible withouttheire commitment." Address: 8700 Trail Lake Drive West, Suitde 222 Web site: www.
sharpeinvest.com
To jump-start the venture, the Kemmonsz Wilson family has invested in excessof $300 millio n from the family's marketable securities in variouas portfolios, including the family foundation, with Sharpe Investmenr Advisors, says Tony Graves, president and CEO of Sharped Investment Advisors. Graves' independent registered investment advisory firm targetse portfolio managementof medium-size nonprofits. Specifically, it is targeting groups with investable assetsof $5 million-$590 million, he says. Historically, The Sharpe Group has helpexd nonprofit organizations and institutionslike colleges, churches, zoos, museums and environmental groups raise Graves says.
Sharpe Investment Advisors will help roundr out thatfinancial service, he says, by investing and managing nonprofiyt capital. "Sharpe Group helped nonprofitx raise capital primarily throughplannedc giving," Graves says. "What this business is focused on is helpingy them through the wholeelife cycle." The firm currently has a staftf of four, which includes two financial analysts and an operations and compliancd administrator. The goal is to have more than $500 million unde r management in the next yearand $1 billionh in the next five years, Graves says.
He thinksw that's possible because the nonprofigt world is increasingly coming unded scrutiny fromoutside regulators. Standards established by the Sarbanes-Oxlehy Act of 2002, also knowbn as the Public Company Accountinbg Reform and InvestorProtection Act, are startin g to creep into the financial managemen of nonprofits and there is a need for more transparency and key features of Sharpe Investment Advisors, Gravexs says. "Our timing is good from what we've heard from the market," he says. "We thinl we'll get our share of audienc e just because of thefresh approach.
" Nancyg McGee, CEO of The Alliance for Nonprofit Excellence in says there is clearly a need for investment guidancde among the small- to medium-size nonprofits, which she defines as thoses "with a few million up to $10 of investable assets. Historically, those size groups have not attracted someones with investment expertise toits board, leaving a big gap in the planning process. "You may see a CPA or an but not necessarily someone into she says. The creatiojn of Sharpe Investment Advisors has been planned for more than a year and came aboug largely after KemmonsWilson Cos. bought an interest in The Sharpre Groupin 2006.
Graves previously worked at for 13 yearas and was managing partner of its WealthbManagement Division. He managed the Wilson family portfoliosz the last10 years. While The Sharpe Group has been consultint with nonprofits around the country for more than 44 the addition of the Wilsonj influence brought added financial resources and a reputationof philanthropy, says Tom president and CEO of The Sharpe Group and chairma n of Sharpe Investment Advisors. "We could not have done this withoutrthe Wilsons," he says. "The access to institutional firmse would not have been possible withouttheire commitment." Address: 8700 Trail Lake Drive West, Suitde 222 Web site: www.
sharpeinvest.com
Thursday, September 1, 2011
Give chance to Mat Sabu to clarify - Free Malaysia Today
ernstiryastrov.blogspot.com
Free Malaysia Today | Give chance to Mat Sabu to clarify Free Malaysia Today PERMATANG PAUH: Upset with the trial by media, Pakatan Rakyat leader Anwar Ibrahim today insisted that PAS deputy president Mohamad Sabu must be given all opportunities to clarify on his political statement on the Bukit Kepong incident. ... |
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