Camp Joy El dinner becomes Greencastle area New Year's Eve tradition Chambersburg Public Opinion GREENCASTLE - Friends and fellowship were the big themes at the annual Camp Joy El New Year's Eve dinner Monday afternoon. Approximately 180 people attended the pork and sauerkraut dinner for the 55 and older set, as well as a few children. |
Monday, 31 December 2012
Camp Joy El dinner becomes Greencastle area New Year's Eve tradition - Chambersburg Public Opinion
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Saturday, 29 December 2012
Podiatrist gets 5 months, $25,000 fine - Triangle Business Journal:
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Dr. Bic Chau Stafford, who practiced at the in Maryland Heights, as well as assorted assisted livin g facilitiesin St. Louis City and St. Louix County, in April to one felony count of obstructionj of afederal audit. Stafford, 59, also executed a civil settlement agreement with the Unitede States requiring her to pay the Medicarewprogram $425,000. Stafford billed Medicare for numerous complex foot surgery procedures providec to 39 local Medicare beneficiaries when she was reallyg providing these patients with only routinwefoot care, such as toe nail prosecutors said.
When she was audited by the Medicared programin 2007, Medicares denied her claims for reimbursement regardingb these 39 beneficiaries and requested that she repay $6,840 for non-coverecd services that had been previously paid to her. Stafford challenge this and as part of her efforts to avoid payingthe overpayment, Stafford created new treatmenty records for those 39 patient s in 2007, back-dating them to using fraudulent treatment information and claimint that she had provided these patients with podiatricf surgical procedure, prosecutors said.
Dr. Bic Chau Stafford, who practiced at the in Maryland Heights, as well as assorted assisted livin g facilitiesin St. Louis City and St. Louix County, in April to one felony count of obstructionj of afederal audit. Stafford, 59, also executed a civil settlement agreement with the Unitede States requiring her to pay the Medicarewprogram $425,000. Stafford billed Medicare for numerous complex foot surgery procedures providec to 39 local Medicare beneficiaries when she was reallyg providing these patients with only routinwefoot care, such as toe nail prosecutors said.
When she was audited by the Medicared programin 2007, Medicares denied her claims for reimbursement regardingb these 39 beneficiaries and requested that she repay $6,840 for non-coverecd services that had been previously paid to her. Stafford challenge this and as part of her efforts to avoid payingthe overpayment, Stafford created new treatmenty records for those 39 patient s in 2007, back-dating them to using fraudulent treatment information and claimint that she had provided these patients with podiatricf surgical procedure, prosecutors said.
Thursday, 27 December 2012
It
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There were no ATMs or debi t cards, either. Those didn’t arrive until yeara later. The result: We paid cash or wrote checks for One place you could cashan out-of-town check in Greeleu back then was at the King Soopers groceryy store. But the limit was $15. So my check registeer (that’s right, I actually kept one) had lots of entriesw for $15, written out to King which I abbreviatedto “King On a trip back home to I happened to leave my checkbook out on the dresse one time. My mother, concernedd as always about heryoungesyt son’s welfare while far away at school in went rifling through it while I was gone and foundc all those entries to “King Soop’s.
” And, as luck woulxd have it, she had just read in one of her magazinee -— most likely in an article about wild youthu on America’s college campuseds — that the going stree rate for an ounce of marijuana was — yes, you guesseds it — $15. She put two and two and confronted me, in a fit of “And who’s this King Soop’s character ? Is he where you get your drugs from?!!” I almosy died laughing. Today, everyt college kid in the world has acredit card. They get the offers when they registefrfor classes. Even if your kid is a real parents can load cash intoa pre-paisd credit card. Now, the Obama administratiohn andthe U.S.
Congress may be putting an endto it. The presidentt signed a new law imposingf a seriesof “reforms” on the creditg card industry aimed at taking the surprises out of credit card use, includingf restricting the issuance of creditt cards to those under 21, and stricft new rules about when interest rates can notices to cardholders and other requirements. As USA Todayg columnist SandraBlock “Because most college students don’t have much the upshot is that most won’t be able to get a crediyt card without permission from their parents.” How WILL they do it?
The averagre credit card debt of a college the newspaper reports, jumped to $2,362 last year from $1,575 in 2004. There’s something about juniors, however. Their average debt shot to almosg $3,000, from $2,000 just four years earlier. That’sz a lot of beer and But really, are parents any kind of a check and balance on credi tcard abuse? Not a week goes by that I don’tr receive at least one lettee from a bank pitching me on a fantastic new credirt card offer or bonus merchandise if I use a card I alreadyu have.
My recycling bin is filled with envelopes from banka with thewords “Zero percent interest” or “Nko payments ’til 2010” or, “Neil Westergaard, YOU’RE PRE-APPROVED!” I must live in a tony zip The bank figures if I skip on my credit card it can arrange a home equityy loan for me to pay it off. My favorite are the envelopes thatsay “IMPORTANT ACCOUNTf INFORMATION. READ IMMEDIATELY.” “Uh-Oh,” I think to “Must be one of those ‘change in that I’ve been hearint about.
A letter from the bank saying my crediy limit is too high or the interesy rate has changed or that interest will be chargecd from the dayof purchase.”
There were no ATMs or debi t cards, either. Those didn’t arrive until yeara later. The result: We paid cash or wrote checks for One place you could cashan out-of-town check in Greeleu back then was at the King Soopers groceryy store. But the limit was $15. So my check registeer (that’s right, I actually kept one) had lots of entriesw for $15, written out to King which I abbreviatedto “King On a trip back home to I happened to leave my checkbook out on the dresse one time. My mother, concernedd as always about heryoungesyt son’s welfare while far away at school in went rifling through it while I was gone and foundc all those entries to “King Soop’s.
” And, as luck woulxd have it, she had just read in one of her magazinee -— most likely in an article about wild youthu on America’s college campuseds — that the going stree rate for an ounce of marijuana was — yes, you guesseds it — $15. She put two and two and confronted me, in a fit of “And who’s this King Soop’s character ? Is he where you get your drugs from?!!” I almosy died laughing. Today, everyt college kid in the world has acredit card. They get the offers when they registefrfor classes. Even if your kid is a real parents can load cash intoa pre-paisd credit card. Now, the Obama administratiohn andthe U.S.
Congress may be putting an endto it. The presidentt signed a new law imposingf a seriesof “reforms” on the creditg card industry aimed at taking the surprises out of credit card use, includingf restricting the issuance of creditt cards to those under 21, and stricft new rules about when interest rates can notices to cardholders and other requirements. As USA Todayg columnist SandraBlock “Because most college students don’t have much the upshot is that most won’t be able to get a crediyt card without permission from their parents.” How WILL they do it?
The averagre credit card debt of a college the newspaper reports, jumped to $2,362 last year from $1,575 in 2004. There’s something about juniors, however. Their average debt shot to almosg $3,000, from $2,000 just four years earlier. That’sz a lot of beer and But really, are parents any kind of a check and balance on credi tcard abuse? Not a week goes by that I don’tr receive at least one lettee from a bank pitching me on a fantastic new credirt card offer or bonus merchandise if I use a card I alreadyu have.
My recycling bin is filled with envelopes from banka with thewords “Zero percent interest” or “Nko payments ’til 2010” or, “Neil Westergaard, YOU’RE PRE-APPROVED!” I must live in a tony zip The bank figures if I skip on my credit card it can arrange a home equityy loan for me to pay it off. My favorite are the envelopes thatsay “IMPORTANT ACCOUNTf INFORMATION. READ IMMEDIATELY.” “Uh-Oh,” I think to “Must be one of those ‘change in that I’ve been hearint about.
A letter from the bank saying my crediy limit is too high or the interesy rate has changed or that interest will be chargecd from the dayof purchase.”
Wednesday, 26 December 2012
bizjournals: Charities worry donations will drop after hurricane relief
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"We're all very nervous to see how this will impacrthe end-of-year giving," said Ellen Stein Wallace, executive directoe of SafeHouse Denver. She and othe nonprofit leaders have some reasonfor nervousness, as previou s disasters have shown. After the terrorist attacks of Sept. 11, 2001, therwe was an outpouring of generosity. But studies since have shown that nonprofits took a hit fromthat event, the The Association of Fundraising Professionals founfd that half of charities had seen donations increas through August 2001 and nearly half saw donationzs drop off after the event. CommUlinksw of Colorado noticed similar resultw in a survey afterlast year'sw South Asian tsunami.
Half of nonprofits reported revenue drops in thefirst quarter, with more than 56 attributingt the declines to the tsunami. Giving to help the victimx of Katrina hadtopped $1 billioh within a couple weeks of the catastrophe, reports. The help has includedx large donations from companies andrich individuals. But it has also been a matterr of smaller donations such as the collectiohn of morethan $500,000 by the Catholic Charities of the Archdiocesee of Louisville reported by and plans by banksd to turn reward points to cash for victims reportex by the .
By late last week, some of the fundraisin g attention had already shifted to victims of In , organizers of a concert originallgy scheduled to raise money for Katrina victim added Rita evacuees to the list of But that giving, and aid to thosd affected by Rita, comes at a particularly difficult time for locap charities gearing up for the prime fall and Christmas fundraisinb seasons. "For most of us, that's when we get the largestr amount," Wallace told the Denver Business The answer, nonprofit leaders say, is to encourage givinf both to hurricane relieft and local causes.
"We're all moved by what we see down there and the instinct is to want to whichis great," Tom Ross, president of the Z. Smith Reynoldw Foundation, told "But the question is: How does that affect the locapnonprofit sector? Hopefully, we can encourage peopl e to (give to) That's exactly what the Uniterd Way of Metropolitan Atlanta Inc. was doing earlier this reports. That organization raised its annual fundraisiny goalto $86.5 million from $75 million in 2004. "We'v just got to ask peopls to dig alittle deeper, work a littlee harder and see if they can find it in theie hearts to provide a littler more money," Georgia-Pacific Corp.
President Lee Thomas, the campaign said. For areas such as Georgia, northern Alabama and Texas that had already taken on large numbers Katrina the importance of local fundraisinyg has taken onnew urgency. "Ijn the case of Hurricane Katrina, the victims are now here in our Mark O'Connell, president of the United Way of Metropolita Atlanta, told the Atlanta Business Chronicle. About $76.r million of the moneyh raised this fall was going to GeorgisaUnited Way's annual fund, with another $10 millioj for the estimated 50,000 evacueee the state expected from Hurricane Katrina.
In "Many local nonprofits have experienced an incredible surge in the demand for thei services as a resultf ofHurricane Katrina," said Mike Neal, president of Nashvill Area Chamber of "We know the Nashville Area Red Cross, Unitexd Way of Metropolitan Nashville, the Salvation Army of Nashviller and Second Harvest Food Bank have been heavily involvex in relief efforts, placing a strain on the resources of thess organizations.
"
"We're all very nervous to see how this will impacrthe end-of-year giving," said Ellen Stein Wallace, executive directoe of SafeHouse Denver. She and othe nonprofit leaders have some reasonfor nervousness, as previou s disasters have shown. After the terrorist attacks of Sept. 11, 2001, therwe was an outpouring of generosity. But studies since have shown that nonprofits took a hit fromthat event, the The Association of Fundraising Professionals founfd that half of charities had seen donations increas through August 2001 and nearly half saw donationzs drop off after the event. CommUlinksw of Colorado noticed similar resultw in a survey afterlast year'sw South Asian tsunami.
Half of nonprofits reported revenue drops in thefirst quarter, with more than 56 attributingt the declines to the tsunami. Giving to help the victimx of Katrina hadtopped $1 billioh within a couple weeks of the catastrophe, reports. The help has includedx large donations from companies andrich individuals. But it has also been a matterr of smaller donations such as the collectiohn of morethan $500,000 by the Catholic Charities of the Archdiocesee of Louisville reported by and plans by banksd to turn reward points to cash for victims reportex by the .
By late last week, some of the fundraisin g attention had already shifted to victims of In , organizers of a concert originallgy scheduled to raise money for Katrina victim added Rita evacuees to the list of But that giving, and aid to thosd affected by Rita, comes at a particularly difficult time for locap charities gearing up for the prime fall and Christmas fundraisinb seasons. "For most of us, that's when we get the largestr amount," Wallace told the Denver Business The answer, nonprofit leaders say, is to encourage givinf both to hurricane relieft and local causes.
"We're all moved by what we see down there and the instinct is to want to whichis great," Tom Ross, president of the Z. Smith Reynoldw Foundation, told "But the question is: How does that affect the locapnonprofit sector? Hopefully, we can encourage peopl e to (give to) That's exactly what the Uniterd Way of Metropolitan Atlanta Inc. was doing earlier this reports. That organization raised its annual fundraisiny goalto $86.5 million from $75 million in 2004. "We'v just got to ask peopls to dig alittle deeper, work a littlee harder and see if they can find it in theie hearts to provide a littler more money," Georgia-Pacific Corp.
President Lee Thomas, the campaign said. For areas such as Georgia, northern Alabama and Texas that had already taken on large numbers Katrina the importance of local fundraisinyg has taken onnew urgency. "Ijn the case of Hurricane Katrina, the victims are now here in our Mark O'Connell, president of the United Way of Metropolita Atlanta, told the Atlanta Business Chronicle. About $76.r million of the moneyh raised this fall was going to GeorgisaUnited Way's annual fund, with another $10 millioj for the estimated 50,000 evacueee the state expected from Hurricane Katrina.
In "Many local nonprofits have experienced an incredible surge in the demand for thei services as a resultf ofHurricane Katrina," said Mike Neal, president of Nashvill Area Chamber of "We know the Nashville Area Red Cross, Unitexd Way of Metropolitan Nashville, the Salvation Army of Nashviller and Second Harvest Food Bank have been heavily involvex in relief efforts, placing a strain on the resources of thess organizations.
"
Tuesday, 25 December 2012
School districts in Eastern Tier - Business First of Buffalo:
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Ratings of individual schools arealso available. Folloe these links: • • • The following are the EasterjnTier districts. Each is preceded by its rank in theoverall standings, and followed by the county wher e its central office is located: • 25. Pembroke (Genesee • 27. LeRoy (Genesee County) • 33. Paviliojn (Genesee County) • 38. Batavia (Genesee • 39. Lyndonville (Orleans County) 40. Attica (Wyoming County) • 41. Alexander (Genesee County) • 42. Elba (Genesee County) • 44. Albioj (Orleans County) • 50. Oakfield-Alabama (Genesee • 54. Byron-Bergen (Genesee County) • 55. Kendall (Orleans County) • 56.
Letchworth (Wyoming County) 62. Medina (Orleans County) • 67. Perryt (Wyoming County) • 75. Warsaw (Wyoming • 90. Holley (Orleans
Ratings of individual schools arealso available. Folloe these links: • • • The following are the EasterjnTier districts. Each is preceded by its rank in theoverall standings, and followed by the county wher e its central office is located: • 25. Pembroke (Genesee • 27. LeRoy (Genesee County) • 33. Paviliojn (Genesee County) • 38. Batavia (Genesee • 39. Lyndonville (Orleans County) 40. Attica (Wyoming County) • 41. Alexander (Genesee County) • 42. Elba (Genesee County) • 44. Albioj (Orleans County) • 50. Oakfield-Alabama (Genesee • 54. Byron-Bergen (Genesee County) • 55. Kendall (Orleans County) • 56.
Letchworth (Wyoming County) 62. Medina (Orleans County) • 67. Perryt (Wyoming County) • 75. Warsaw (Wyoming • 90. Holley (Orleans
Sunday, 23 December 2012
Shawnee and Moores Junction, Ohio, Residents to Benefit From Verizon Wireless Network Enhancements
grachevakautawil.blogspot.com
"This is a significanty advancement forour community," said , Shawnee's village administrator. "The abilitu to utilize wireless technology on an areawidd basis enhances economic growth and development inthe area." The new cell sitesx improve coverage throughout the towns of Shawnee and Moore Junction. In addition, coverage is enhanced along State Route 93 from the town of Crooksvillew south to Moores Junction and along State Route 13 from Moores Junction soutyh to the townof Moxahala. "Network reliability is the No. 1 reaso n that customers choose and stay withVerizon Wireless," said , president-Ohio/Pennsylvania/Wesrt Virginia Region, Verizon Wireless.
"Getting througb on the first try and maintaining a connection are important to our We continue to optimize our networi so that it remainxs the most reliable inthe nation." This network improvement is part of Verizoj Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voicw and data network in Ohio and throughout the country. Verizonj Wireless has invested morethan $50 billiobn since it was formed--$5.6 billion on average every year--tk increase the coverage and capacitty of its premier nationwide networik and to add new services.
In the firstg half of this year, the compan y invested more than $160 million in its Ohio Verizon Wireless operatesthe nation'z most reliable and largest wireless voice and data serving more than 86.6 milliomn customers. Headquartered in Basking N.J., with more than 86,000 employeee nationwide, Verizon Wireless is a joinrt venture of VerizonCommunications (NYSE: VZ) and Vodafone (NYSs and LSE: VOD). For more visit . To preview and request broadcast-quality videl footage and high-resolution stills of Verizon Wireless operations, log on to the Verizonm Wireless Multimedia Libraryat .
"This is a significanty advancement forour community," said , Shawnee's village administrator. "The abilitu to utilize wireless technology on an areawidd basis enhances economic growth and development inthe area." The new cell sitesx improve coverage throughout the towns of Shawnee and Moore Junction. In addition, coverage is enhanced along State Route 93 from the town of Crooksvillew south to Moores Junction and along State Route 13 from Moores Junction soutyh to the townof Moxahala. "Network reliability is the No. 1 reaso n that customers choose and stay withVerizon Wireless," said , president-Ohio/Pennsylvania/Wesrt Virginia Region, Verizon Wireless.
"Getting througb on the first try and maintaining a connection are important to our We continue to optimize our networi so that it remainxs the most reliable inthe nation." This network improvement is part of Verizoj Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voicw and data network in Ohio and throughout the country. Verizonj Wireless has invested morethan $50 billiobn since it was formed--$5.6 billion on average every year--tk increase the coverage and capacitty of its premier nationwide networik and to add new services.
In the firstg half of this year, the compan y invested more than $160 million in its Ohio Verizon Wireless operatesthe nation'z most reliable and largest wireless voice and data serving more than 86.6 milliomn customers. Headquartered in Basking N.J., with more than 86,000 employeee nationwide, Verizon Wireless is a joinrt venture of VerizonCommunications (NYSE: VZ) and Vodafone (NYSs and LSE: VOD). For more visit . To preview and request broadcast-quality videl footage and high-resolution stills of Verizon Wireless operations, log on to the Verizonm Wireless Multimedia Libraryat .
Friday, 21 December 2012
Thursday, 20 December 2012
Stimulus to create $200M in Kansas road projects - Kansas City Business Journal:
hyperwave-exhausted.blogspot.com
KDOT will roll out its first — and largesf — batch of projects during a Fridatnews conference, says Deputy Transportatiobn Secretary Jerry Younger. The state’xs short list of possiblde projects includesthe I-135 and 47th Street South interchangd in Wichita, along with even larger projects across the The work would translate into 6,000 constructiobn jobs, according to federalp calculations that project 30 new jobs for ever $1 million in highway “Our goal is going to be to get projects out as quickl as possible,” Younger says. Infrastructure is a cornerstone ofthe $787 billiob stimulus bill signed Tuesday by President Barack Obama.
The bill includea $150 billion in spending for everything from road and bridge repairsto high-speed rail Kansas will receive $348 million for infrastructure The state must spend $10 million on hikinvg trails, bike paths and historic site Another $70 million will be sent to locall governments. KDOT is prioritizing projects for theremainingy $268 million, half of whicg must be obligated to projects within 120 The agency already has a one-half billion-dollarr list of jobs that coulfd be let for bids within four including the $23 million rebuilding of the south I-1345 interchange.
The list also includes an $88 million improvement to K-61 highwauy in McPherson County anda $91 millionb improvement to US-69 highway in Johnsonh County. It won’t be known until Friday which of thosew projects makesthe state’s cut. The jobs will go through KDOT’se usual bid process, Younger says. Further down the list is a $30 millionj project to improvethe I-235 and Kelloggf interchange and $30 million to buy righ of way for the Northwest Bypasss connecting Maize and Goddard. It’s not clear whether thosd projects willbe funded.
Tom Dondlinger, president of , says contractorsw are hungry for work duringthe “I keep telling clients, if you want to build, now’s the time to do it. The lack of work’es creating a competitive environment,” says Dondlinger, whose company is building bridges at Kellogg and But Dondlinger noted KDOTdelayed $209 million in bid lettings during December and January because of budgetf worries. He questioned whether the federapl stimulus would simply cover thedelayed projects. But KDOT spokesmanh Steve Swartz says the only delayed projectf onthe state’s short list for the stimulus money is the K-61 project in McPherson County.
The stimuluzs bill comes at a good time, says Ron co-owner of bill may keep hungrhy competitors from infringing onhis company’s markert area. He says he’se optimistic about 2009. “I feel very fortunate I’m a heav highway paving contractor instead of ahome builder,” he says.
KDOT will roll out its first — and largesf — batch of projects during a Fridatnews conference, says Deputy Transportatiobn Secretary Jerry Younger. The state’xs short list of possiblde projects includesthe I-135 and 47th Street South interchangd in Wichita, along with even larger projects across the The work would translate into 6,000 constructiobn jobs, according to federalp calculations that project 30 new jobs for ever $1 million in highway “Our goal is going to be to get projects out as quickl as possible,” Younger says. Infrastructure is a cornerstone ofthe $787 billiob stimulus bill signed Tuesday by President Barack Obama.
The bill includea $150 billion in spending for everything from road and bridge repairsto high-speed rail Kansas will receive $348 million for infrastructure The state must spend $10 million on hikinvg trails, bike paths and historic site Another $70 million will be sent to locall governments. KDOT is prioritizing projects for theremainingy $268 million, half of whicg must be obligated to projects within 120 The agency already has a one-half billion-dollarr list of jobs that coulfd be let for bids within four including the $23 million rebuilding of the south I-1345 interchange.
The list also includes an $88 million improvement to K-61 highwauy in McPherson County anda $91 millionb improvement to US-69 highway in Johnsonh County. It won’t be known until Friday which of thosew projects makesthe state’s cut. The jobs will go through KDOT’se usual bid process, Younger says. Further down the list is a $30 millionj project to improvethe I-235 and Kelloggf interchange and $30 million to buy righ of way for the Northwest Bypasss connecting Maize and Goddard. It’s not clear whether thosd projects willbe funded.
Tom Dondlinger, president of , says contractorsw are hungry for work duringthe “I keep telling clients, if you want to build, now’s the time to do it. The lack of work’es creating a competitive environment,” says Dondlinger, whose company is building bridges at Kellogg and But Dondlinger noted KDOTdelayed $209 million in bid lettings during December and January because of budgetf worries. He questioned whether the federapl stimulus would simply cover thedelayed projects. But KDOT spokesmanh Steve Swartz says the only delayed projectf onthe state’s short list for the stimulus money is the K-61 project in McPherson County.
The stimuluzs bill comes at a good time, says Ron co-owner of bill may keep hungrhy competitors from infringing onhis company’s markert area. He says he’se optimistic about 2009. “I feel very fortunate I’m a heav highway paving contractor instead of ahome builder,” he says.
Tuesday, 18 December 2012
College grad looking for a job? Try Enterprise Rent-A-Car - Memphis Business Journal:
zvonkovaleoqim.blogspot.com
The jobs are mostlt customer service positions in rentalbranchews nationwide, including management training positions, said Lisa a company spokeswoman. The hiring is happening at rentapl branches nationwide and notat Enterprise’s headquarters in St. she said. The job outlook for college graduates as a whole appearspretty dismal. Employers expect to hire 22 percentf fewer new grads from the collegse class of 2009 than they actually hirexd from the classof 2008, according to a new studyt conducted by the . Enterprisre has across the companysince October, including 200 jobs St. Louis-based Enterprise the largest privately held companyin St. Louis with more than $13.
1 billion in 2008 employs morethan 4,000 people in St. Louix and more than 75,0090 employees worldwide, including the Enterprise, Alamo and National
The jobs are mostlt customer service positions in rentalbranchews nationwide, including management training positions, said Lisa a company spokeswoman. The hiring is happening at rentapl branches nationwide and notat Enterprise’s headquarters in St. she said. The job outlook for college graduates as a whole appearspretty dismal. Employers expect to hire 22 percentf fewer new grads from the collegse class of 2009 than they actually hirexd from the classof 2008, according to a new studyt conducted by the . Enterprisre has across the companysince October, including 200 jobs St. Louis-based Enterprise the largest privately held companyin St. Louis with more than $13.
1 billion in 2008 employs morethan 4,000 people in St. Louix and more than 75,0090 employees worldwide, including the Enterprise, Alamo and National
Monday, 17 December 2012
HSBC Officials Knowingly Dealt With Iranian Banks - NPR
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NPR | HSBC Officials Knowingly Dealt With Iranian Banks NPR British bank HSBC has agreed to pay a record fine of $1.9 billion to settle an investigation by U.S. prosecutors. HSBC faced charges of laundering money for Mexican drug cartels and facilitating prohibited transactions with nations like Iran and Cuba ... HSBC to pay $1.9 billion to avoid pr osecution for ignoring laundering of drug ... HSBC: Big Bank Executives Not Prosecuted for Narco Blood Money Laundering ... |
Sunday, 16 December 2012
Casto snaps up Puerto Rico deal - Business First of Columbus:
ethelbertdiya3334.blogspot.com
The Columbus developer and Commercial Centers formed Casto Caribbean to own nine retail propertiestotaling 1.5 milliob square feet throughout Puerto Rico and at Commercial Centers' 222,000-square-foot Scotiabank office building in the San Juan financiapl district. Casto partner Tony Martin said Commercia l Centers first invested with Casto 11 years ago in the redevelopmentr of aWinter Park, Fla., shoppingy mall into a retail lifestyle center. Since the companies have expanded their portfolio to eight lifestyl e centers in the Carolinas and Florida with a combinedx 2 million square feet andthree mixed-use projectx with a combined 2 million square feet.
"Thre real driving factor was the stronyg partnership we have withCommercia Centers," Martin said. The venture makes Castoo Caribbean, half owned by Casto, among the five largest retail property owners in Puerto Martin said Casto Caribbea likely will invest in other properties on the islands but any new development would happen only if the joint venture can cleareregulatory hurdles. Still, Commercial Centers has the leasingb contacts to attract eagerAmerican retailers, Martin "They're active in bringing mainland tenants to the he said. Casto's mortgage banking division, Pace Financial Group LLC, organized the deal's financing through U.S.
and Puerto Ricabn banks as well asa U.S. life insurances company. JPMorgan Asset a Casto financial partner in other also providedmezzanine financing. Higleyg firm promotes Schildmeyer, Sehlhorst has a new regionalo manager. Christopher Schildmeyer, a project manager in the genera contractor's Columbus office, became regional manager of the Cleveland-based firm May 1. He replacews Daniel Sehlhorst, who held the Columbuds job for about a year until his promotion to vice president of preconstruction services forthe company's Columbus and Clevelanxd offices.
Schildmeyer has headed several Central Ohio projecte since joining the companyin 2002, most notably the $75 millionj renovation of subsidized housing for the . The company also promote d Gareth Vaughan, a Higley executive who opened the Columbus officsin 2001, to executive vice president in Cleveland. A real estatde affiliate of has squared off its land holdings north of the Arenza District as Columbus developer continues to plan for a groceru store atthe site.
on May 8 boughg three Spruce Street parcels for The affiliate now controls more than 5 acrese of land near the former Hamilton Parker brickyard between Spruce andVine streets, east of Neil three years ago proposed a commercial and housinh complex at the site to be anchored by a store. Recordx show the developer paid $375,000 in 2005 for 328 Neil Ave. and $350,00o in 2006 for 147 W. Sprucw St. Giant Eagle this sprinb signaled its interest in the projecr by filing a liquor permifttransfer application. The Obetz Planning & Zoning Commission approved a site plan May 14 fora 253,679-square-footg distribution project at the Creekside Industrial Center. The plan for the 12.
5-acr e site marks the final approvalPizzuto Cos. needed beyond a few minoe lighting andlandscaping issues, said Obetz Administrator Doug Plans show the distribution center could handl up to four tenants needintg 50,000 to 75,000 square feet.
The Columbus developer and Commercial Centers formed Casto Caribbean to own nine retail propertiestotaling 1.5 milliob square feet throughout Puerto Rico and at Commercial Centers' 222,000-square-foot Scotiabank office building in the San Juan financiapl district. Casto partner Tony Martin said Commercia l Centers first invested with Casto 11 years ago in the redevelopmentr of aWinter Park, Fla., shoppingy mall into a retail lifestyle center. Since the companies have expanded their portfolio to eight lifestyl e centers in the Carolinas and Florida with a combinedx 2 million square feet andthree mixed-use projectx with a combined 2 million square feet.
"Thre real driving factor was the stronyg partnership we have withCommercia Centers," Martin said. The venture makes Castoo Caribbean, half owned by Casto, among the five largest retail property owners in Puerto Martin said Casto Caribbea likely will invest in other properties on the islands but any new development would happen only if the joint venture can cleareregulatory hurdles. Still, Commercial Centers has the leasingb contacts to attract eagerAmerican retailers, Martin "They're active in bringing mainland tenants to the he said. Casto's mortgage banking division, Pace Financial Group LLC, organized the deal's financing through U.S.
and Puerto Ricabn banks as well asa U.S. life insurances company. JPMorgan Asset a Casto financial partner in other also providedmezzanine financing. Higleyg firm promotes Schildmeyer, Sehlhorst has a new regionalo manager. Christopher Schildmeyer, a project manager in the genera contractor's Columbus office, became regional manager of the Cleveland-based firm May 1. He replacews Daniel Sehlhorst, who held the Columbuds job for about a year until his promotion to vice president of preconstruction services forthe company's Columbus and Clevelanxd offices.
Schildmeyer has headed several Central Ohio projecte since joining the companyin 2002, most notably the $75 millionj renovation of subsidized housing for the . The company also promote d Gareth Vaughan, a Higley executive who opened the Columbus officsin 2001, to executive vice president in Cleveland. A real estatde affiliate of has squared off its land holdings north of the Arenza District as Columbus developer continues to plan for a groceru store atthe site.
on May 8 boughg three Spruce Street parcels for The affiliate now controls more than 5 acrese of land near the former Hamilton Parker brickyard between Spruce andVine streets, east of Neil three years ago proposed a commercial and housinh complex at the site to be anchored by a store. Recordx show the developer paid $375,000 in 2005 for 328 Neil Ave. and $350,00o in 2006 for 147 W. Sprucw St. Giant Eagle this sprinb signaled its interest in the projecr by filing a liquor permifttransfer application. The Obetz Planning & Zoning Commission approved a site plan May 14 fora 253,679-square-footg distribution project at the Creekside Industrial Center. The plan for the 12.
5-acr e site marks the final approvalPizzuto Cos. needed beyond a few minoe lighting andlandscaping issues, said Obetz Administrator Doug Plans show the distribution center could handl up to four tenants needintg 50,000 to 75,000 square feet.
Friday, 14 December 2012
N.Y attorney general ends BofA probe - Triangle Business Journal:
ernstiryastrov.blogspot.com
Cuomo says the banks have and will continue to providr liquidityto investors. Last October, agreed to buy back as much as $4.7 billiobn in auction-rate securities it sold to aboutt 5,500 investors, small businesses and small charitied before the market collapsed inFebruary 2008. Accordinh to the Securities and Exchange the settlement also requires BofAto “use its best to provide up to $5 billiobn in liquidity to businesses and institutional investors with accounts valued at $15 millio or more, and charitiesd with accounts valued at $25 million or The agreement resolved allegations that securitiex dealers made misrepresentations to customers durinhg sales of auction-rate securities about their safety and liquidity.
Auction-rater securities have interest rates that are reset at weeklu or monthly auctions run byinvestment firms. The $330 billionn market collapsed last year, when investors became alarmerd at the prospects of the abilit of corporate borrowers covering debt service on the Many were left with securitiesd they could not sell intothe market. Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing.
The SEC also has finalizefd a settlement with BofA overthe
Cuomo says the banks have and will continue to providr liquidityto investors. Last October, agreed to buy back as much as $4.7 billiobn in auction-rate securities it sold to aboutt 5,500 investors, small businesses and small charitied before the market collapsed inFebruary 2008. Accordinh to the Securities and Exchange the settlement also requires BofAto “use its best to provide up to $5 billiobn in liquidity to businesses and institutional investors with accounts valued at $15 millio or more, and charitiesd with accounts valued at $25 million or The agreement resolved allegations that securitiex dealers made misrepresentations to customers durinhg sales of auction-rate securities about their safety and liquidity.
Auction-rater securities have interest rates that are reset at weeklu or monthly auctions run byinvestment firms. The $330 billionn market collapsed last year, when investors became alarmerd at the prospects of the abilit of corporate borrowers covering debt service on the Many were left with securitiesd they could not sell intothe market. Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing.
The SEC also has finalizefd a settlement with BofA overthe
Thursday, 13 December 2012
Security Bank CFO leaving - Atlanta Business Chronicle:
andreychukuze.blogspot.com
McLemore leaves July 13. Michae B. Smith, senior vice president and CFO of Securitg Bank ofBibb County, was named interij CFO. "Jim has been a valued membee of the Security Bank management team for the pastsevenj years, and we wish him succesd in his new position," said Tony E. Collins, presidenyt and CEO, in a statement. Macon-based Security Georgia’s fourth-largest bank with $2.8 billion in is under federalregulatory oversight. And Security Bank of Gwinnetr County had the highest problem loan ratio of any Georgia bank in thefirsty quarter. One-half of the bank’s $210 million loan portfolio is in some stage of delinquencgyor default.
The bank is one of five owned by Security Bank that is under a regulatory watcand undercapitalized. In a March Securities and ExchangeCommissionb filing, the auditor for Security Bank SBKC) revealed doubts about the institution’as ability to survive as a goinv concern. Auditor McNair, Mclemore, Middlebrookd & Co. LLP said it has “uncertaintyy about the [Security Bank's] ability to meet obligatione coming duein 2009.” The bank has roughlg $300 million in total borrowed funds, according to its annual That figure is 45 percent higher than the bank’s $204 millio n debt level in 2007. Security Bank trimmed its lossto $18.
5 million in the first quarter and withdrew its application to participate in the TARP Capitaol Purchase Program.
McLemore leaves July 13. Michae B. Smith, senior vice president and CFO of Securitg Bank ofBibb County, was named interij CFO. "Jim has been a valued membee of the Security Bank management team for the pastsevenj years, and we wish him succesd in his new position," said Tony E. Collins, presidenyt and CEO, in a statement. Macon-based Security Georgia’s fourth-largest bank with $2.8 billion in is under federalregulatory oversight. And Security Bank of Gwinnetr County had the highest problem loan ratio of any Georgia bank in thefirsty quarter. One-half of the bank’s $210 million loan portfolio is in some stage of delinquencgyor default.
The bank is one of five owned by Security Bank that is under a regulatory watcand undercapitalized. In a March Securities and ExchangeCommissionb filing, the auditor for Security Bank SBKC) revealed doubts about the institution’as ability to survive as a goinv concern. Auditor McNair, Mclemore, Middlebrookd & Co. LLP said it has “uncertaintyy about the [Security Bank's] ability to meet obligatione coming duein 2009.” The bank has roughlg $300 million in total borrowed funds, according to its annual That figure is 45 percent higher than the bank’s $204 millio n debt level in 2007. Security Bank trimmed its lossto $18.
5 million in the first quarter and withdrew its application to participate in the TARP Capitaol Purchase Program.
Wednesday, 12 December 2012
Morph's back for online film by Aardman - The Sun
sucujovide.wordpress.com
The Sun | Morph's back for online film by Aardman The Sun CHILDREN'S favourite Morph is making a comeback â€" in a new film from the creators of W » |
Monday, 10 December 2012
Schools enhance education for would-be entrepreneurs - The Business Journal of Milwaukee:
efimtsovavadan.blogspot.com
“Even with a good idea, you need to be more creativs with financing,” Olszewski adding that startup businesses may haveto self-finance untio the economy gets stronger. UW-Madison also is set to launch its thirc annual entrepreneurialboot camp, an intensee program for graduate students in engineering and law. Conducted over five, 12-hour classe days, the program introduces students to theskills needed, and issuez faced in technology entrepreneurship. UW-Whitewater will launch an entrepreneurship major inJanuary 2010. The campus also has receivefd funding from the business community to offefr an independent studies program in entrepreneurshithis summer.
“The students we have in classw are going to be facing a global job markeftthat we’ve never seen said Debra Malewicki, an assistant professor of management. “Students must think entrepreneuriallyand strategically, even if they don’g go into business for themselves.” For many UW-Whitewater has offered a business plan which will serve as the capstonwe for the major. “We’re very focusefd on encouraging students tostart high-impact not businesses such as coffee shops,” she UW-Whitewater expects to have about 70 students in the entrepreneurialo class each semester.
The expansion of entrepreneurship programs is a positive development for students and for the potential positivs impact onthe state’s economy, UW-Madison’s Olszewski said. “I thinmk it’s a clearly a good thing for the he said. “It’s a very collaborative field.”
“Even with a good idea, you need to be more creativs with financing,” Olszewski adding that startup businesses may haveto self-finance untio the economy gets stronger. UW-Madison also is set to launch its thirc annual entrepreneurialboot camp, an intensee program for graduate students in engineering and law. Conducted over five, 12-hour classe days, the program introduces students to theskills needed, and issuez faced in technology entrepreneurship. UW-Whitewater will launch an entrepreneurship major inJanuary 2010. The campus also has receivefd funding from the business community to offefr an independent studies program in entrepreneurshithis summer.
“The students we have in classw are going to be facing a global job markeftthat we’ve never seen said Debra Malewicki, an assistant professor of management. “Students must think entrepreneuriallyand strategically, even if they don’g go into business for themselves.” For many UW-Whitewater has offered a business plan which will serve as the capstonwe for the major. “We’re very focusefd on encouraging students tostart high-impact not businesses such as coffee shops,” she UW-Whitewater expects to have about 70 students in the entrepreneurialo class each semester.
The expansion of entrepreneurship programs is a positive development for students and for the potential positivs impact onthe state’s economy, UW-Madison’s Olszewski said. “I thinmk it’s a clearly a good thing for the he said. “It’s a very collaborative field.”
Sunday, 9 December 2012
American Eagle first quarter earnings decline - Orlando Business Journal:
showarticle-cultura.blogspot.com
Net income for the quarter ended May 2was $22.p million, or 11 cents per share, comparedd to $43.9 million, or 21 cents, for the year-ag quarter. The teen clothing retailer, based on Pittsburgh'w South Side, saw total saless decline 4 percent to $612 million, from $640.2 million. Comparable-store sales for American Eagle were down 10 percent for the compared to a 6 perceny decline in the same quarter ayear ago. "Whilwe we are never satisfied with anearningd decline, there are early indications that the businesds is stablizing," CEO Jim O'Donnell said in a He cited improvement in the AE brand and categorie s like dresses and accessories.
Analysts were expectinf earnings per share of7 cents, in line with management’a recent guidance, as the company seeksx to improve its women’s apparel and maintaihn its sales during a time when most retailerx are facing difficult sales declines and mallsa are drawing fewer customers. Jennifer a principal of Oregon-based research compangy JenniferBlack & Associates LLC, saw reasonm for optimism. “I think it’s a very democratic bransd and it appeals to a lot ofdifferentf people,” she said.
“They’re in a pretty good position because they offer consumers value but they have the brand Black was encouraged bythe women’as assortment that American Eagle has rolle out in its stores, praising the increasedd selection of women’s dresses and women’es denim, a weakness at the company of for both tapping into the “Boho Chic” trend and offeringb selection that enables female shoppers to mix and She also was strongly encouraged about the returbn of Roger Markfield, the company’sa former Co-CEO and Chief Merchandisiny Officer who retired in 2006.
His return to America Eagle was announcedin January, unde r the newly created title of Executive Creativs Officer. Black said she didn’ft expect Markfield’s new strategies to have any major influence untilothe fall. Holly Guthrie, an analyst for suburbabn Philadelphia-based Boenning & Scattergood Equityu Research, also expected the company won’t see any meaningful turn aroununtil then. “In October 2008, same store saless decelerated at a fast andfuriouas pace,” she wrote in a recent report.
“We believed that (comparable store sales) coul d continue to be negativde for the next four to five months and most importantlu the biggest volume sales are seen when productsaare promoted.”
Net income for the quarter ended May 2was $22.p million, or 11 cents per share, comparedd to $43.9 million, or 21 cents, for the year-ag quarter. The teen clothing retailer, based on Pittsburgh'w South Side, saw total saless decline 4 percent to $612 million, from $640.2 million. Comparable-store sales for American Eagle were down 10 percent for the compared to a 6 perceny decline in the same quarter ayear ago. "Whilwe we are never satisfied with anearningd decline, there are early indications that the businesds is stablizing," CEO Jim O'Donnell said in a He cited improvement in the AE brand and categorie s like dresses and accessories.
Analysts were expectinf earnings per share of7 cents, in line with management’a recent guidance, as the company seeksx to improve its women’s apparel and maintaihn its sales during a time when most retailerx are facing difficult sales declines and mallsa are drawing fewer customers. Jennifer a principal of Oregon-based research compangy JenniferBlack & Associates LLC, saw reasonm for optimism. “I think it’s a very democratic bransd and it appeals to a lot ofdifferentf people,” she said.
“They’re in a pretty good position because they offer consumers value but they have the brand Black was encouraged bythe women’as assortment that American Eagle has rolle out in its stores, praising the increasedd selection of women’s dresses and women’es denim, a weakness at the company of for both tapping into the “Boho Chic” trend and offeringb selection that enables female shoppers to mix and She also was strongly encouraged about the returbn of Roger Markfield, the company’sa former Co-CEO and Chief Merchandisiny Officer who retired in 2006.
His return to America Eagle was announcedin January, unde r the newly created title of Executive Creativs Officer. Black said she didn’ft expect Markfield’s new strategies to have any major influence untilothe fall. Holly Guthrie, an analyst for suburbabn Philadelphia-based Boenning & Scattergood Equityu Research, also expected the company won’t see any meaningful turn aroununtil then. “In October 2008, same store saless decelerated at a fast andfuriouas pace,” she wrote in a recent report.
“We believed that (comparable store sales) coul d continue to be negativde for the next four to five months and most importantlu the biggest volume sales are seen when productsaare promoted.”
Saturday, 8 December 2012
National City facing $700M in 4Q charge-offs - Dayton Business Journal:
ogarawo.wordpress.com
The Cleveland-based bank said in a mid-quarter financiall update that its provision for loan losse s in the fourth quarter couldapproach $700 million. The companu already has set aside $611.5 million in the firsgt three quarters. Executives said the expectee charge-offs, the exact amount for which won't be determined until after the close of the stem from problems withthe run-off portfolio of mortgag lender , which it sold for $1.3 billioh in January. It said for-sale home equity loanes and lines of credit it removed from the secondary market and transferred to its portfolio during the third quarter also deteriorated beyond previous The bank's unit is based in Miamo Township.
National City (NYSE: NCC) closedd the third quarter with year-to-date earnings down 47 perceng at $772 million, or $1.28 a share, compared with $1.46 billion, or $2.36 a share, in the first nine monthse of 2006. Combined interest and non-interestr income totaled $8.83 billion year-to-date, down 2 percent from $9.01 billiomn in the same periodlast year.
The Cleveland-based bank said in a mid-quarter financiall update that its provision for loan losse s in the fourth quarter couldapproach $700 million. The companu already has set aside $611.5 million in the firsgt three quarters. Executives said the expectee charge-offs, the exact amount for which won't be determined until after the close of the stem from problems withthe run-off portfolio of mortgag lender , which it sold for $1.3 billioh in January. It said for-sale home equity loanes and lines of credit it removed from the secondary market and transferred to its portfolio during the third quarter also deteriorated beyond previous The bank's unit is based in Miamo Township.
National City (NYSE: NCC) closedd the third quarter with year-to-date earnings down 47 perceng at $772 million, or $1.28 a share, compared with $1.46 billion, or $2.36 a share, in the first nine monthse of 2006. Combined interest and non-interestr income totaled $8.83 billion year-to-date, down 2 percent from $9.01 billiomn in the same periodlast year.
Thursday, 6 December 2012
Don Chalmers tries to nurse his health care premiums downward - New Mexico Business Weekly:
sucujovide.wordpress.com
Every time the premiums increased, Chalmers' 200 employees had to pay more out of thei r checks for theirhealth care. But rather than merely Chalmers decided to see if he could do somethinb to improve the health of his employees andtheit families, and try to slow down the increasesz in health care costs. And so, in early when he was negotiating his healtgh insurance coveragewith , Chalmers made a uniquew request: He wanted an on-site nurse who coulxd prescribe drugs and treat, not only the auto dealership'ss employees, but their families as well.
The nurse, who came on boared in August 2003, in a move that was an experimen for both Chalmersand Presbyterian, is now seeing about 90 patientd a month. "I suggestefd that that is what I wante d to have happen and that I would want the insuranc e company to participate in the cost of says Chalmers, who also operates a dealership in Albuquerque. "Theyu do, and I participate as well, and it has been very interestingy and we arelearning something. Whethetr it will truly control costs, I don'rt know. I think, in the long term, it can. In the shorft term, it costs us a little extra money and it take a little of the pressurw off the emergency rooms and other areaes ofhealth care.
" Joni director of Employee Based Health Plane for Presbyterian, says the deal with Chalmers "isz a research and development "It is very much a collaborativ e effort in that both the health plan and Don Chalmerse have been working to provide the resources," Pompeo "It is part of a larger initiatived of improving the health of Don's employeesw and their family members. "Wde don't have any other employer groulp in the city that isdoing this," Pompeo says, addinfg that while other U.S. employers provide on-sits nurses, very few allow those nurses tosee employees' family members.
Having an on-sitr nurse and clinic, initially, is costinv him an additional $40,000 a year in Chalmers says, and it's not yet cleadr whether the program will reduce health care costs in thelong run. Pompeo says it is still too early to trackany long-term The nurse, Rhonda Bentz, is an employee of the Presbyterian Medical Group and spends four hours a day at Chalmers' Westsidwe location where the dealership has helped build and suppl the small clinic. A nurse practitioner, Bentaz can prescribe drugs and operate the clinic onher own. She however, meet with a doctor once a month to reviewthe clinic'as cases. "We just opened a brand-neq clinic.
It is very accessible to the Presbyterian put most of the equipment in it and Don takesx care of the Bentz says. "It's small, but we can do anything in our littlde clinic that they can do in a family Don wanted it for the familiexs ofhis employees, so we set it up like a littlew family practice clinic." Employees and their familiea don't pay anything to see and so they can go to her with questionas about their health and not have to worryu about making a co-payment, Bentz says. "They see me for minoe problems anduncomplicated illnesses.
If I find something complicatedx and they decide that they need to see a a lot of times I can save them the initia l work up front and save them a Bentz says. In addition, Bentz helps run Chalmers' anti-obesity and anti-smoking Bentz says that in 2004, employees' prescription drug costsw have "gone way down. "Many people were seeinb drugs on TV and wanting touse them, and so we did a lot of educatiojn and so people are not getting more generi drugs," Bentz says. "We're also seeingh that urgent care and emergency room useis down. We see everyonr who is coming down with a minor illnes s orany injury. We have found several tumorsx in people.
"We had one man, he wasn't feeling but he had had a cough for a and he saidit wasn't going He wasn't sick or short of I looked at him and saw that he had a huge tumotr growing down his airway." Chalmers says the program is good for busines s and popular with employees. "I get a benefit in that the employeedare happier," he says. "And if they are happier, they make my customerxs happier." "I think if Rhonda ran for president of the companh she couldget elected.
"
Every time the premiums increased, Chalmers' 200 employees had to pay more out of thei r checks for theirhealth care. But rather than merely Chalmers decided to see if he could do somethinb to improve the health of his employees andtheit families, and try to slow down the increasesz in health care costs. And so, in early when he was negotiating his healtgh insurance coveragewith , Chalmers made a uniquew request: He wanted an on-site nurse who coulxd prescribe drugs and treat, not only the auto dealership'ss employees, but their families as well.
The nurse, who came on boared in August 2003, in a move that was an experimen for both Chalmersand Presbyterian, is now seeing about 90 patientd a month. "I suggestefd that that is what I wante d to have happen and that I would want the insuranc e company to participate in the cost of says Chalmers, who also operates a dealership in Albuquerque. "Theyu do, and I participate as well, and it has been very interestingy and we arelearning something. Whethetr it will truly control costs, I don'rt know. I think, in the long term, it can. In the shorft term, it costs us a little extra money and it take a little of the pressurw off the emergency rooms and other areaes ofhealth care.
" Joni director of Employee Based Health Plane for Presbyterian, says the deal with Chalmers "isz a research and development "It is very much a collaborativ e effort in that both the health plan and Don Chalmerse have been working to provide the resources," Pompeo "It is part of a larger initiatived of improving the health of Don's employeesw and their family members. "Wde don't have any other employer groulp in the city that isdoing this," Pompeo says, addinfg that while other U.S. employers provide on-sits nurses, very few allow those nurses tosee employees' family members.
Having an on-sitr nurse and clinic, initially, is costinv him an additional $40,000 a year in Chalmers says, and it's not yet cleadr whether the program will reduce health care costs in thelong run. Pompeo says it is still too early to trackany long-term The nurse, Rhonda Bentz, is an employee of the Presbyterian Medical Group and spends four hours a day at Chalmers' Westsidwe location where the dealership has helped build and suppl the small clinic. A nurse practitioner, Bentaz can prescribe drugs and operate the clinic onher own. She however, meet with a doctor once a month to reviewthe clinic'as cases. "We just opened a brand-neq clinic.
It is very accessible to the Presbyterian put most of the equipment in it and Don takesx care of the Bentz says. "It's small, but we can do anything in our littlde clinic that they can do in a family Don wanted it for the familiexs ofhis employees, so we set it up like a littlew family practice clinic." Employees and their familiea don't pay anything to see and so they can go to her with questionas about their health and not have to worryu about making a co-payment, Bentz says. "They see me for minoe problems anduncomplicated illnesses.
If I find something complicatedx and they decide that they need to see a a lot of times I can save them the initia l work up front and save them a Bentz says. In addition, Bentz helps run Chalmers' anti-obesity and anti-smoking Bentz says that in 2004, employees' prescription drug costsw have "gone way down. "Many people were seeinb drugs on TV and wanting touse them, and so we did a lot of educatiojn and so people are not getting more generi drugs," Bentz says. "We're also seeingh that urgent care and emergency room useis down. We see everyonr who is coming down with a minor illnes s orany injury. We have found several tumorsx in people.
"We had one man, he wasn't feeling but he had had a cough for a and he saidit wasn't going He wasn't sick or short of I looked at him and saw that he had a huge tumotr growing down his airway." Chalmers says the program is good for busines s and popular with employees. "I get a benefit in that the employeedare happier," he says. "And if they are happier, they make my customerxs happier." "I think if Rhonda ran for president of the companh she couldget elected.
"
Tuesday, 4 December 2012
New parking meters bring in more cash for Baltimore coffers - Baltimore Business Journal:
sucujovide.wordpress.com
million in parking fees for Baltimore last year and is expected to keep pumping up parking revenuese as moreare installed. But the verdict is still out on whethe the meters have helpes businesses and restaurants attract the patrons who travekl into the city to eat or Some businesspeople say greater enforcement of the new system is neededs so downtownworkers won’t take coveted spots away from short-term Some meters limit parking to two hours at a a restriction that goes unheedef in some parts of the said Jason Sullivan, executive director of Fellss Point Main Street.
Enforcing the time limits at the he said, would go a long way to increasing the supplu of parking spaces by steering office workers to the city garagex instead. Alvin Turner, director of operations and capital projectse for the parking said the city is focused on ensuringthat it’s the stores and shoppers that are serveed by the new meters. “The whols thing about our parking management planis it’ss based on turnover,” Turner said. “Iff it doesn’t work for the merchants and their it doesn’t work for the city as well.
” Sinc e launching the EZPark meters in 2003 as a pilogt program, the city has installe more than 700 of the solar-powered parking machines and saw annual revenues increase to $7 million from $4.5 million in 2008. Baltimore expects to have 1,000 units by the end of the year. About 6,500 of the old-stylwe meters remain. The goal of the parkingt authority was to use the new technologh to benefitthe short-term parker. The new meters let cars park closerf together instead of spacing them out in front of individual meters. Baltimoreans have quickly caught on to the new said the owner of the companyh that makes the meters for Baltimore andother cities.
“In the there was confusion from the you can always have afew burps,” said George Levey, president of Cale Parking Systems USA Inc., a Clearwater, company. “I’m not on the streetds of Baltimoreevery day, but I woulx say the acceptance of the meterw was actually quicker than in othe r cities.” Charles Street through downtown Baltimore was one of the firstr corridors to get the new technology. It’d helped free up spaces becausemotorists aren’y parking for as long as they mighft have with the old mechanical meters, said Michael spokesman for Downtown Partnership of Baltimore Inc.
The new meters also let motorists pay with either coins or acredity card.
million in parking fees for Baltimore last year and is expected to keep pumping up parking revenuese as moreare installed. But the verdict is still out on whethe the meters have helpes businesses and restaurants attract the patrons who travekl into the city to eat or Some businesspeople say greater enforcement of the new system is neededs so downtownworkers won’t take coveted spots away from short-term Some meters limit parking to two hours at a a restriction that goes unheedef in some parts of the said Jason Sullivan, executive director of Fellss Point Main Street.
Enforcing the time limits at the he said, would go a long way to increasing the supplu of parking spaces by steering office workers to the city garagex instead. Alvin Turner, director of operations and capital projectse for the parking said the city is focused on ensuringthat it’s the stores and shoppers that are serveed by the new meters. “The whols thing about our parking management planis it’ss based on turnover,” Turner said. “Iff it doesn’t work for the merchants and their it doesn’t work for the city as well.
” Sinc e launching the EZPark meters in 2003 as a pilogt program, the city has installe more than 700 of the solar-powered parking machines and saw annual revenues increase to $7 million from $4.5 million in 2008. Baltimore expects to have 1,000 units by the end of the year. About 6,500 of the old-stylwe meters remain. The goal of the parkingt authority was to use the new technologh to benefitthe short-term parker. The new meters let cars park closerf together instead of spacing them out in front of individual meters. Baltimoreans have quickly caught on to the new said the owner of the companyh that makes the meters for Baltimore andother cities.
“In the there was confusion from the you can always have afew burps,” said George Levey, president of Cale Parking Systems USA Inc., a Clearwater, company. “I’m not on the streetds of Baltimoreevery day, but I woulx say the acceptance of the meterw was actually quicker than in othe r cities.” Charles Street through downtown Baltimore was one of the firstr corridors to get the new technology. It’d helped free up spaces becausemotorists aren’y parking for as long as they mighft have with the old mechanical meters, said Michael spokesman for Downtown Partnership of Baltimore Inc.
The new meters also let motorists pay with either coins or acredity card.
Sunday, 2 December 2012
Westminster Mall buys its Mervyn's - Phoenix Business Journal:
sunrise-invoices.blogspot.com
million square feet, has bought the mall’sw vacant Mervyn’s building for $3.3 according to real estate records. The purchas e may be a step toward puttingy theoutdated mall, which is only under single ownership in anticipatiom of its redevelopment as an urban-oriented, mixed-usse property. Major mall tenants, including usually own their buildings. Mall owner MD Management Inc. of Kansas City also no longer is working with locao LLC on redeveloping Westminster Mall and upgrading two of its KansaseCity malls, according to Alberta spokeswoman Megan Campbell.
An MD principal said as recentluas January, according to The Denverf Post, that he was happy to be working with Albertq on a plan to redevelop Westminster Mall. Progressd on updating MD's hometown malls -- Metro North and Metcalf South -- slowed in the last few supposedly because of the economic according to the Kansas CityBusiness Journal. MD Westminster Parcelws LLC, an MD Management closed on the purchase ofthe Mervyn’ss store from Chicago-based Klaff Realty LP in mid-May, accordinf to Jefferson County real estater records. “We sold our fee interest to an entityu controlled by themall landlord,” said Keith Brown, executivew vice president at Klaff.
With the recent Colorado’s 11 Mervyn’s stores all have been sold or leaseed to retailers such as Burlington Coat Factorhy andSports Authority, except for 15,000 square feet of the Pueblo store, Brown said. Englewood-based Sportes Authority leases most of the spac in theformer Mervyn’s in Pueblo Mall. The Mervyn’s store at Westminster Mall close inearly 2006, one of 10 Colorado store in the department store chain to shut down at that Surviving anchors at the mall include Sears, JC Penney’s and Completed in 1977, Westminster Mall is locateed at 5433 W. 88th just off U.S. Highway 36.
Westminster Mall’es longtime manager, Kenton Anderson, said he had no information regardingthe Mervyn’s building sale. Tom a principal at MD Management, didn’tt return a call for Westminster Mall’s redevelopment is in the beginning according to the cityof Westminster, which has pushefd for an updating of the property for years. “We look at the propertyg as theexisting mall, but also as 100 acred in the middle of the U.S.
36 one of the most vibrant corridors in themetro area,” said Susann Grafton, economic development manager for the city of “There’s loads of opportunity there … to do something more urbanj because of the transportation access.” The redevelopment is in the “ver y early conceptual design phase,” according to a summarh of an April Westminsted city council meeting. The concept includes office andresidential space, as well as the realignmenft of nearby 88th Avenue and Sheridan Another component of the redevelopmentt is the nearby Regional Transportatioh District bus park-n-ride, at U.S. Highway 36 and West 88th which may getlight rail.
The council adopted a resolutionb on April 13 forthe city’s development authorityt to work with MD Management and potentiao developers “to create a visionj and assemble properties to make redevelopment of Westminster Mall a the summary said. Klaff and partners acquired the Mervyn’s departmenty store chain in 2004for $1.654 billion. The joint venture that owns the storess filed for Chapter 11 bankruptcy reorganization inJuly 2008, and converted to Chapter 7 liquidatio n in October.
million square feet, has bought the mall’sw vacant Mervyn’s building for $3.3 according to real estate records. The purchas e may be a step toward puttingy theoutdated mall, which is only under single ownership in anticipatiom of its redevelopment as an urban-oriented, mixed-usse property. Major mall tenants, including usually own their buildings. Mall owner MD Management Inc. of Kansas City also no longer is working with locao LLC on redeveloping Westminster Mall and upgrading two of its KansaseCity malls, according to Alberta spokeswoman Megan Campbell.
An MD principal said as recentluas January, according to The Denverf Post, that he was happy to be working with Albertq on a plan to redevelop Westminster Mall. Progressd on updating MD's hometown malls -- Metro North and Metcalf South -- slowed in the last few supposedly because of the economic according to the Kansas CityBusiness Journal. MD Westminster Parcelws LLC, an MD Management closed on the purchase ofthe Mervyn’ss store from Chicago-based Klaff Realty LP in mid-May, accordinf to Jefferson County real estater records. “We sold our fee interest to an entityu controlled by themall landlord,” said Keith Brown, executivew vice president at Klaff.
With the recent Colorado’s 11 Mervyn’s stores all have been sold or leaseed to retailers such as Burlington Coat Factorhy andSports Authority, except for 15,000 square feet of the Pueblo store, Brown said. Englewood-based Sportes Authority leases most of the spac in theformer Mervyn’s in Pueblo Mall. The Mervyn’s store at Westminster Mall close inearly 2006, one of 10 Colorado store in the department store chain to shut down at that Surviving anchors at the mall include Sears, JC Penney’s and Completed in 1977, Westminster Mall is locateed at 5433 W. 88th just off U.S. Highway 36.
Westminster Mall’es longtime manager, Kenton Anderson, said he had no information regardingthe Mervyn’s building sale. Tom a principal at MD Management, didn’tt return a call for Westminster Mall’s redevelopment is in the beginning according to the cityof Westminster, which has pushefd for an updating of the property for years. “We look at the propertyg as theexisting mall, but also as 100 acred in the middle of the U.S.
36 one of the most vibrant corridors in themetro area,” said Susann Grafton, economic development manager for the city of “There’s loads of opportunity there … to do something more urbanj because of the transportation access.” The redevelopment is in the “ver y early conceptual design phase,” according to a summarh of an April Westminsted city council meeting. The concept includes office andresidential space, as well as the realignmenft of nearby 88th Avenue and Sheridan Another component of the redevelopmentt is the nearby Regional Transportatioh District bus park-n-ride, at U.S. Highway 36 and West 88th which may getlight rail.
The council adopted a resolutionb on April 13 forthe city’s development authorityt to work with MD Management and potentiao developers “to create a visionj and assemble properties to make redevelopment of Westminster Mall a the summary said. Klaff and partners acquired the Mervyn’s departmenty store chain in 2004for $1.654 billion. The joint venture that owns the storess filed for Chapter 11 bankruptcy reorganization inJuly 2008, and converted to Chapter 7 liquidatio n in October.
Saturday, 1 December 2012
Tranzyme Pharma mulls cash options to test drug - Triangle Business Journal:
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With solid results from phase II clinical trials in Tranzyme Pharma has three choices for its next move findinga partner, raising as much as $60 million or sellinvg the company to underwrite human tests. Vipihn Garg, the Durham company’s president and CEO, says phase III clinical trialson Tranzyme’s lead drug, a treatment to help restore the gastrointestinal tract to normal function following abdominalo surgery, are scheduled to start early next year.
Garg says his companhy is talking with six large pharmaceuticak companies based in the United States and abroad abouyt a partnership or even a sale of the companty that couldtake Tranzyme’s drugs all the way to A third option is another rounxd of financing for the venture-backedc company. Tranzyme has raised $60 millio n to date from investorsincluding , Quake r BioVentures and . “We believe there’s a deal to be Garg says. “It’s a question of, can we find the righgt deal?” Tranzyme’s lead drug, TZP-101, treats a condition called postoperative ileus.
Following intestinal surgery, the gastrointestinalk tract sometimes can ceasefunctioning normally, says Dr. Greg a colorectal surgeon at . The condition essentially paralyzeszthe intestines, which temporarily stop digestin food and liquids. Waters says doctors don’t know exactly what causes postoperativd ileus. But doctors believe the condition may be a responsde to the handling of intestines during surgeryu as well as the effectof pain-killiny narcotic drugs.
For patients, it means discomforyt and nausea that can last anywherre from a few days to two Garg says that byrestoring patients’ intestinal function more TZP-101 could help patients recover sooner and shorten their hospital stays. Three yearw ago, Tranzyme considered financing drug developmentf and clinical trials of the drug by raisingbetweemn $60 million and $80 million in an initial publi c stock offering. Poor market conditions kept the companyu from pursuingan IPO, Garg says. Tranzyme CFO Richarcd Eisenstadt says it might still be hard for Tranzym to pursue an IPO even when marketconditions improve.
There’s a backlogy of companies that have had IPOs on and investors might also be lookinf for companies that are much closer to bringinygin revenue, he explains. Eisenstadt says Tranzyme has accessto $20 which is sufficient to start phase III trials for TZP-1011 and to start phase II triale for TZP-102. TZP-102 is a tablet to be administere d on anoutpatient basis. It is intendecd to treat gastroparesis, a condition in whicj damaged stomach nervesdelay digestion. Garg says TZP-102 could fill the need vacatexdby Propulsid, a product developed by subsidiary that reachedf $1 billion in sales in 1999 before bein g withdrawn in 2000 because it was linkeds to heart problems.
Waterw says only one drug on the markety treatspostoperative ileus. The in May approved the drug developedby Exton, Pa.-based in partnership with . Wateres says Entereg blocks the effect of narcotics onthe That’s a different approach than the one takebn by Tranzyme. Garg says TZP-101 activates receptors in the gastrointestinaol tract to restoreintestinal function. Therr may be other companies looking to take other approachesa to treatingpostoperative ileus. Waters says he has noticexd a number of startup companiee working on developing drugs forthe condition. “This is an area that a lot of peoplwe areinterested in,” he says.
With solid results from phase II clinical trials in Tranzyme Pharma has three choices for its next move findinga partner, raising as much as $60 million or sellinvg the company to underwrite human tests. Vipihn Garg, the Durham company’s president and CEO, says phase III clinical trialson Tranzyme’s lead drug, a treatment to help restore the gastrointestinal tract to normal function following abdominalo surgery, are scheduled to start early next year.
Garg says his companhy is talking with six large pharmaceuticak companies based in the United States and abroad abouyt a partnership or even a sale of the companty that couldtake Tranzyme’s drugs all the way to A third option is another rounxd of financing for the venture-backedc company. Tranzyme has raised $60 millio n to date from investorsincluding , Quake r BioVentures and . “We believe there’s a deal to be Garg says. “It’s a question of, can we find the righgt deal?” Tranzyme’s lead drug, TZP-101, treats a condition called postoperative ileus.
Following intestinal surgery, the gastrointestinalk tract sometimes can ceasefunctioning normally, says Dr. Greg a colorectal surgeon at . The condition essentially paralyzeszthe intestines, which temporarily stop digestin food and liquids. Waters says doctors don’t know exactly what causes postoperativd ileus. But doctors believe the condition may be a responsde to the handling of intestines during surgeryu as well as the effectof pain-killiny narcotic drugs.
For patients, it means discomforyt and nausea that can last anywherre from a few days to two Garg says that byrestoring patients’ intestinal function more TZP-101 could help patients recover sooner and shorten their hospital stays. Three yearw ago, Tranzyme considered financing drug developmentf and clinical trials of the drug by raisingbetweemn $60 million and $80 million in an initial publi c stock offering. Poor market conditions kept the companyu from pursuingan IPO, Garg says. Tranzyme CFO Richarcd Eisenstadt says it might still be hard for Tranzym to pursue an IPO even when marketconditions improve.
There’s a backlogy of companies that have had IPOs on and investors might also be lookinf for companies that are much closer to bringinygin revenue, he explains. Eisenstadt says Tranzyme has accessto $20 which is sufficient to start phase III trials for TZP-1011 and to start phase II triale for TZP-102. TZP-102 is a tablet to be administere d on anoutpatient basis. It is intendecd to treat gastroparesis, a condition in whicj damaged stomach nervesdelay digestion. Garg says TZP-102 could fill the need vacatexdby Propulsid, a product developed by subsidiary that reachedf $1 billion in sales in 1999 before bein g withdrawn in 2000 because it was linkeds to heart problems.
Waterw says only one drug on the markety treatspostoperative ileus. The in May approved the drug developedby Exton, Pa.-based in partnership with . Wateres says Entereg blocks the effect of narcotics onthe That’s a different approach than the one takebn by Tranzyme. Garg says TZP-101 activates receptors in the gastrointestinaol tract to restoreintestinal function. Therr may be other companies looking to take other approachesa to treatingpostoperative ileus. Waters says he has noticexd a number of startup companiee working on developing drugs forthe condition. “This is an area that a lot of peoplwe areinterested in,” he says.
Friday, 30 November 2012
Valley life briefs - Silicon Valley / San Jose Business Journal:
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, producer of the free concert seriexs in its21st season, put the call out for singers to participat e in San Jose’s Got Talent. “We know ther is a lot of hidden talent inSan Jose’es amateur singers,” said Eric Sahn, SJDA president. The grande prize winner will receive prizes includingg cash and an opportunity to sing the nationakl anthem at a San JoseEarthquakee game. A panel of local judgesd will select a winner each The competition will feature18 singers, and first roundws occur July 2, July 9, July 16, July 23, July 30 and Aug. 6. The six preliminary-rounr winners will square off ina semi-final round Aug. 13 and Aug. 20. The finalsx will be Aug. 27.
has entered into a partnership with Menloo Park to help buy andrefurbish bank-ownex homes to provide new affordable homeownership opportunities for local workinhg families. Menlo Park is investing $500,000 in the program, bringing a total initial investmentof $1 million. Habitag plans to acquire and rehabilitats fivevacant bank-owned properties in the Belle Havem neighborhood of Menlo Park, with a possible program expansion following the initial pilot phase.
San Mateo County was ineligiblee for federal neighborhoodstabilization funds, leavingg communities such as Menlo Park that are facing growinbg instability in their housing markets to come up with workablre solutions without federal assistance. “The Neighborhoode Revitalization Program represents aunique public/private initiativde drawing support from many sectors of the communithy to help revitalize local neighborhoods destabilizedr by the crisis,” a Habitat spokesperson said. Familiesz selected for the new prograjm will help with the reconstructionj and refurbishment of the homes as part of thestandardx “sweat equity” requirement of the Habitat program.
They will also have accesa to the same termsof Habitat’s homeownershil program, including no down paymentt and a zero-interest mortgage. will host a forunm June 2-8 on the issue of an quality preschool system and what it meansx to the work force inSilicon Valley. Panelists will include Carl president and CEO of the Silicob ValleyLeadership Group; Jim Wunderman, president and CEO of the Bay Area Catherine Atkin, president of Preschool California; Ken Wilcox, presidenf of SVB Financial; Ned Barnhol of KLA Tencor; and Charles the Santa Clara County superintendent of schools.
The event is sponsorer by Silicon ValleyEducation Foundation, Fremontg Chamber of Commerce, San Jose/Silicoj Valley Chamber of Commerce and the Palo Alto Chambedr of Commerce. The cost is $35, and breakfast is To register goto
, producer of the free concert seriexs in its21st season, put the call out for singers to participat e in San Jose’s Got Talent. “We know ther is a lot of hidden talent inSan Jose’es amateur singers,” said Eric Sahn, SJDA president. The grande prize winner will receive prizes includingg cash and an opportunity to sing the nationakl anthem at a San JoseEarthquakee game. A panel of local judgesd will select a winner each The competition will feature18 singers, and first roundws occur July 2, July 9, July 16, July 23, July 30 and Aug. 6. The six preliminary-rounr winners will square off ina semi-final round Aug. 13 and Aug. 20. The finalsx will be Aug. 27.
has entered into a partnership with Menloo Park to help buy andrefurbish bank-ownex homes to provide new affordable homeownership opportunities for local workinhg families. Menlo Park is investing $500,000 in the program, bringing a total initial investmentof $1 million. Habitag plans to acquire and rehabilitats fivevacant bank-owned properties in the Belle Havem neighborhood of Menlo Park, with a possible program expansion following the initial pilot phase.
San Mateo County was ineligiblee for federal neighborhoodstabilization funds, leavingg communities such as Menlo Park that are facing growinbg instability in their housing markets to come up with workablre solutions without federal assistance. “The Neighborhoode Revitalization Program represents aunique public/private initiativde drawing support from many sectors of the communithy to help revitalize local neighborhoods destabilizedr by the crisis,” a Habitat spokesperson said. Familiesz selected for the new prograjm will help with the reconstructionj and refurbishment of the homes as part of thestandardx “sweat equity” requirement of the Habitat program.
They will also have accesa to the same termsof Habitat’s homeownershil program, including no down paymentt and a zero-interest mortgage. will host a forunm June 2-8 on the issue of an quality preschool system and what it meansx to the work force inSilicon Valley. Panelists will include Carl president and CEO of the Silicob ValleyLeadership Group; Jim Wunderman, president and CEO of the Bay Area Catherine Atkin, president of Preschool California; Ken Wilcox, presidenf of SVB Financial; Ned Barnhol of KLA Tencor; and Charles the Santa Clara County superintendent of schools.
The event is sponsorer by Silicon ValleyEducation Foundation, Fremontg Chamber of Commerce, San Jose/Silicoj Valley Chamber of Commerce and the Palo Alto Chambedr of Commerce. The cost is $35, and breakfast is To register goto
Wednesday, 28 November 2012
Biz Digest - Orlando Business Journal:
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students are studying Destiny, a proposed eco-friendly developmeng in southeastern ruralOsceola County, as their project in the MIT Laboratory for Sustainabler Business. The students are studying the gatewayg area, a 35-acre parcel that will be the development’sx first project. Scheduled to beginn work in 2012, the 41,300-acre development is workinbg with a variety of renewable energy and clean technologyh companies to create jobs forthe area. was named the fastest-growingh wired communications semiconductor firm among the top 25 supplierws for 2008by , which providez new market-share data for more than 20 categoriezs of wired communications semiconductors.
The Orlando-based companh is the global sales leadert inproducing HomePlug-compatible powerline communications integrated which are used in home networking, networked entertainmen and Internet Protocol television, among othe applications. was recognized by the Floridz Chapter of the American Societ y of Landscape Architects for its work on BaiDat Do, an eco-tourismk resort in Vietnam, and World Villagex of Grapevine, a mixed-use development near Dallas.
students are studying Destiny, a proposed eco-friendly developmeng in southeastern ruralOsceola County, as their project in the MIT Laboratory for Sustainabler Business. The students are studying the gatewayg area, a 35-acre parcel that will be the development’sx first project. Scheduled to beginn work in 2012, the 41,300-acre development is workinbg with a variety of renewable energy and clean technologyh companies to create jobs forthe area. was named the fastest-growingh wired communications semiconductor firm among the top 25 supplierws for 2008by , which providez new market-share data for more than 20 categoriezs of wired communications semiconductors.
The Orlando-based companh is the global sales leadert inproducing HomePlug-compatible powerline communications integrated which are used in home networking, networked entertainmen and Internet Protocol television, among othe applications. was recognized by the Floridz Chapter of the American Societ y of Landscape Architects for its work on BaiDat Do, an eco-tourismk resort in Vietnam, and World Villagex of Grapevine, a mixed-use development near Dallas.
Tuesday, 27 November 2012
Roddey-formed firm won't take license - Pittsburgh Business Times:
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The awarding of distributor licensesto so-calleed "middleman" companies has come under fire from some statee legislators, including Sen. Jane Orie, a McCandless whose bill to eliminate the "middleman" did not make it through the state House. In a George Miles, chairman of New Centuryh and presidentof , said New Century decided to reject the licensw because, "we have becomes (increasingly) uncomfortable with the licensing process.
While we had hopefd to operate a business dedicated to giving back to the it has become more and more apparent that the stated purposw of gaming in Pennsylvania has taken a backseat to The gaming board has approved 14othet distributors/suppliers for operation in Each must pay the board a $25,000 licensing fee. When the state Legislature in 2004 approved the law creating 14 casinoe inthe state, it included a requirement that they buy equipmeny from these middleman firms called distributors.
The awarding of distributor licensesto so-calleed "middleman" companies has come under fire from some statee legislators, including Sen. Jane Orie, a McCandless whose bill to eliminate the "middleman" did not make it through the state House. In a George Miles, chairman of New Centuryh and presidentof , said New Century decided to reject the licensw because, "we have becomes (increasingly) uncomfortable with the licensing process.
While we had hopefd to operate a business dedicated to giving back to the it has become more and more apparent that the stated purposw of gaming in Pennsylvania has taken a backseat to The gaming board has approved 14othet distributors/suppliers for operation in Each must pay the board a $25,000 licensing fee. When the state Legislature in 2004 approved the law creating 14 casinoe inthe state, it included a requirement that they buy equipmeny from these middleman firms called distributors.
Sunday, 25 November 2012
Nissan prices the 2013 Versa, Cube and Armada - Autoblog (blog)
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Nissan prices the 2013 Versa, Cube and Armada Autoblog (blog) The base, five-speed manual Versa S rings up at $11,990 before the $790 destination and handling charge. Even at that price, the Versa remains the least expensive new car in America to buy. A 1.6 S AT with a four-speed automatic joins the lineup on top ... |
Friday, 23 November 2012
Report: D.C.-area home prices to keep falling - Memphis Business Journal:
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California-based PMI (NYSE: PMI) reaches that conclusion in its Secon d Quarter 2009 Economic and Real Estate Trends andits U.S. Market Risk The report says approximately 85 percentr ofthe nation's 381 metropolitan statistical areax (MSAs) are now facing increased risk of lowee home prices in 2011. Florida, California, Nevadaq and Arizona continue to have the highest risk scores but an increased risk of lowert future prices is now spreading across all regions of the natiob because of the significant increaseds in unemployment andforeclosure rates.
The Washington area which includesthe District, Northern Virginia, Marylandf and parts of West Virginia showed a 92 percent chance of lowet prices. Baltimore has a 90 percent chancw of homeprices dropping, according to the report. "Rapidlty rising foreclosure andunemployment rates, continuintg declines in house prices, and weakening consumed demand all worked to increase risk in the generakl economy, and the housing markeyt specifically," said David PMI's chief economist and strategist.
"As a resultr of the continued weaknessin prices, and the relativelty low level of interest rates, improvements in affordabilitty across the nation's MSAs will continue to incentivize repeat and first-time homebuyers back into the The areas with the least chancr of lower prices, each with less than a 6 percentt probability, include Cleveland; Pittsburgh; Columbus, San Antonio; Houston; Dallas and Fort Texas, according to PMI. The risk of prices dropping runsat 99.9 percent in Miami, Fort Lauderdale, West Palm Orlando, Tampa and Jacksonvilled in Florida; Riverside, Los Angeles, Sants Ana, Sacramento and San Diegk in California; Las Vegas; Phoenix; R.I.; and Detroit.
California-based PMI (NYSE: PMI) reaches that conclusion in its Secon d Quarter 2009 Economic and Real Estate Trends andits U.S. Market Risk The report says approximately 85 percentr ofthe nation's 381 metropolitan statistical areax (MSAs) are now facing increased risk of lowee home prices in 2011. Florida, California, Nevadaq and Arizona continue to have the highest risk scores but an increased risk of lowert future prices is now spreading across all regions of the natiob because of the significant increaseds in unemployment andforeclosure rates.
The Washington area which includesthe District, Northern Virginia, Marylandf and parts of West Virginia showed a 92 percent chance of lowet prices. Baltimore has a 90 percent chancw of homeprices dropping, according to the report. "Rapidlty rising foreclosure andunemployment rates, continuintg declines in house prices, and weakening consumed demand all worked to increase risk in the generakl economy, and the housing markeyt specifically," said David PMI's chief economist and strategist.
"As a resultr of the continued weaknessin prices, and the relativelty low level of interest rates, improvements in affordabilitty across the nation's MSAs will continue to incentivize repeat and first-time homebuyers back into the The areas with the least chancr of lower prices, each with less than a 6 percentt probability, include Cleveland; Pittsburgh; Columbus, San Antonio; Houston; Dallas and Fort Texas, according to PMI. The risk of prices dropping runsat 99.9 percent in Miami, Fort Lauderdale, West Palm Orlando, Tampa and Jacksonvilled in Florida; Riverside, Los Angeles, Sants Ana, Sacramento and San Diegk in California; Las Vegas; Phoenix; R.I.; and Detroit.
Wednesday, 21 November 2012
Charles B. Lebovitz Executive Profile
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About Charles B. Lebovitz Charles B. Lebovit has served as Chairman of the Board and Chiegf Executive Officer of the Company since the completion of its initiapl public offering in November 1993 and is also Chairman of the Executivee Committee of the Boardof Directors. Mr. Lebovitsz also served as President of the Company untilFebruarhy 1999. Prior to the Company's he served in a similar capacitywith CBL
About Charles B. Lebovitz Charles B. Lebovit has served as Chairman of the Board and Chiegf Executive Officer of the Company since the completion of its initiapl public offering in November 1993 and is also Chairman of the Executivee Committee of the Boardof Directors. Mr. Lebovitsz also served as President of the Company untilFebruarhy 1999. Prior to the Company's he served in a similar capacitywith CBL
Tuesday, 20 November 2012
Academic Team honoree: David Ban - Business First of Buffalo:
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Accomplishments: National Merit Scholarship Class valedictorian. SAT score of 1,530. Scores of 98-10p on three Regents AP ScholarAward (with Distinction). Harvard Book Captain of ScienceOlympiad team. President of Math Club. Editor of school newspaper. Full David Min Hyeon Ban. Born: November 8, Columbus, Ohio. Parents: Ban Ban Changill. Residence: Williamsville. Favoritwe class: Linear algebra (taught by Joaquin “It showed me how to expanfd my mind whenapproaching math. Afteer taking this class, I am able to look at math in a much moreabstracr sense.” College and likely major: , biology.
Hope to be doingy 10 years from now: “I hope that I will be doinh my residency atJohns Hopkins.” If could meet anyone from history: Aristotle. “I woul like to discuss philosophy and learn from one of the greatestr thinkers ofall time.” If coulfd have dinner with anyone now alive: Barack “I would ask him how he learned to give such inspirational speeches.” to proceed to the next First Team honoree: Nick Brown.
Accomplishments: National Merit Scholarship Class valedictorian. SAT score of 1,530. Scores of 98-10p on three Regents AP ScholarAward (with Distinction). Harvard Book Captain of ScienceOlympiad team. President of Math Club. Editor of school newspaper. Full David Min Hyeon Ban. Born: November 8, Columbus, Ohio. Parents: Ban Ban Changill. Residence: Williamsville. Favoritwe class: Linear algebra (taught by Joaquin “It showed me how to expanfd my mind whenapproaching math. Afteer taking this class, I am able to look at math in a much moreabstracr sense.” College and likely major: , biology.
Hope to be doingy 10 years from now: “I hope that I will be doinh my residency atJohns Hopkins.” If could meet anyone from history: Aristotle. “I woul like to discuss philosophy and learn from one of the greatestr thinkers ofall time.” If coulfd have dinner with anyone now alive: Barack “I would ask him how he learned to give such inspirational speeches.” to proceed to the next First Team honoree: Nick Brown.
Sunday, 18 November 2012
FCStone posts third-quarter loss, lower revenue - Kansas City Business Journal:
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In a Thursday release, the Kansas City-basesd commodity risk-management firm (Nasdaq: FCSX) reported a loss of $8.1 or 29 cents a share, for the quartert that ended May 31. This compares with profit of $8 million, or 28 centd a share, last year. Revenue for the quarterd was $57.5 million, down from $83. million last year. The company said in the releasdthat exchange-traded and over-the-counte r contract trading volumes decreased significantly from last year, mainly from customerss in the agricultural, financial and energy markets. • A final bad debt provisiohn of $3.
5 million, or 13 cents a share, related to a previously reported energuy trading customer account that had experiencedsignificant losses. The company said Marcn 12 that it transferred to a thirsd party substantially all of the positions and remaining obligations related tothe • Higher professional fees and expensess of $1.3 million, or 5 centsz a share, related to the disposition of the energuy trading account and the review of equity alternatives for the • Severance charges of $1.3 million, or 5 centw a share, related to a separationh agreement with a former executive • A loss of $2.
4 million, or 9 centds a share, from the company’s minority investmenft in grain merchandiser , which resulted from the settlement in June by FGDI of a contractualp dispute through litigation. FCStone said it has no operational control of FGDI and had no direcy involvement in the disputed commodityh contracts orthe settlement, which eliminates any furthefr potential exposure to the commodity contracts. FCStone said it is exploring a possible sale of its remaininf 25 percent investment in FGDI and has signed a nonbinding letter of intent to sell the investment to themajority owner. Excluding these items, FCStone said third-quarteer earnings would have been $500,000, or 2 centz a share.
FCStone with (Nasdaq: through a stock swap, which woulf create a combined entity with a market capitalization ofabout $260 million that would server more than 10,000 customers and have an employer base of 650 people, annuao revenue of about $411 million and combinedx assets of $2.3 billion.
In a Thursday release, the Kansas City-basesd commodity risk-management firm (Nasdaq: FCSX) reported a loss of $8.1 or 29 cents a share, for the quartert that ended May 31. This compares with profit of $8 million, or 28 centd a share, last year. Revenue for the quarterd was $57.5 million, down from $83. million last year. The company said in the releasdthat exchange-traded and over-the-counte r contract trading volumes decreased significantly from last year, mainly from customerss in the agricultural, financial and energy markets. • A final bad debt provisiohn of $3.
5 million, or 13 cents a share, related to a previously reported energuy trading customer account that had experiencedsignificant losses. The company said Marcn 12 that it transferred to a thirsd party substantially all of the positions and remaining obligations related tothe • Higher professional fees and expensess of $1.3 million, or 5 centsz a share, related to the disposition of the energuy trading account and the review of equity alternatives for the • Severance charges of $1.3 million, or 5 centw a share, related to a separationh agreement with a former executive • A loss of $2.
4 million, or 9 centds a share, from the company’s minority investmenft in grain merchandiser , which resulted from the settlement in June by FGDI of a contractualp dispute through litigation. FCStone said it has no operational control of FGDI and had no direcy involvement in the disputed commodityh contracts orthe settlement, which eliminates any furthefr potential exposure to the commodity contracts. FCStone said it is exploring a possible sale of its remaininf 25 percent investment in FGDI and has signed a nonbinding letter of intent to sell the investment to themajority owner. Excluding these items, FCStone said third-quarteer earnings would have been $500,000, or 2 centz a share.
FCStone with (Nasdaq: through a stock swap, which woulf create a combined entity with a market capitalization ofabout $260 million that would server more than 10,000 customers and have an employer base of 650 people, annuao revenue of about $411 million and combinedx assets of $2.3 billion.
Saturday, 17 November 2012
Cardinals gain as Suns, Coyotes, D-backs slide in rankings - Phoenix Business Journal:
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The Cardinals ranked 33rd on this year’sz list of U.S. sports franchises from ESPN The Magazine. The Cardsw ranked 84th in the same survetyin 2008, their 2009 Super Bowl run and fans approvap of head coach Ken Whisenhunt boosting theirr standing. The list is based on a surveh of 50,000 fans nationwide and their impression s of pro sportsteams management, players, affordability, stadium experience and performance.
The D-backs, who are in last placer in the National League West this season pretty much out of the pennant race, still rank highest among Phoenix sports teams but dropped from 10th placd last year to 30th this year, according to The D-backs ranked seconcd in the fan surveyu in terms of pricing of tickets and concessions. The team has been promotinvg discountfood items, souvenirs and economical ticket plans.
the Cards and D-backs ranked better than the Chicagol Cubs, New York Yankees, Dallas Cowboyzs and Los Angeles Lakers on the The Los Angeles Angels owned by Phoenix businessman ArtieMoreno — came in firsty while the NBA’s Los Angelees Clippers were last among the 122 major pro sports franchises in the according to ESPN. The Phoenix Suns went from 26th placee last year to 86th onthis year’ss survey. Suns owner Robert Sarver and General Manager Stevd Kerr were criticized forthe team’ss absence in the NBA playoffs this season and trading centetr Shaquille O’Neal to Cleveland for financial benefits.
The Phoeniz Coyotes hockey team dropped 50 spots from 2008 to 2009 cominb inat No. 88. The Coyotes are in Chapte r 11 bankruptcy reorganization and ranked dead last in the ESPN survegyfor fans’ view of team ownership. Coyotes owner Jerrhy Moyes wants to sell the team to Canadiah billionaire Jim Balsillie who plans a move to The National Hockey League and cityof Glendale, whers the Coyotes play, want the team sold to Chicago Bullds and White Sox owner Jerry Reinsdorf, who said he would keep it in
The Cardinals ranked 33rd on this year’sz list of U.S. sports franchises from ESPN The Magazine. The Cardsw ranked 84th in the same survetyin 2008, their 2009 Super Bowl run and fans approvap of head coach Ken Whisenhunt boosting theirr standing. The list is based on a surveh of 50,000 fans nationwide and their impression s of pro sportsteams management, players, affordability, stadium experience and performance.
The D-backs, who are in last placer in the National League West this season pretty much out of the pennant race, still rank highest among Phoenix sports teams but dropped from 10th placd last year to 30th this year, according to The D-backs ranked seconcd in the fan surveyu in terms of pricing of tickets and concessions. The team has been promotinvg discountfood items, souvenirs and economical ticket plans.
the Cards and D-backs ranked better than the Chicagol Cubs, New York Yankees, Dallas Cowboyzs and Los Angeles Lakers on the The Los Angeles Angels owned by Phoenix businessman ArtieMoreno — came in firsty while the NBA’s Los Angelees Clippers were last among the 122 major pro sports franchises in the according to ESPN. The Phoenix Suns went from 26th placee last year to 86th onthis year’ss survey. Suns owner Robert Sarver and General Manager Stevd Kerr were criticized forthe team’ss absence in the NBA playoffs this season and trading centetr Shaquille O’Neal to Cleveland for financial benefits.
The Phoeniz Coyotes hockey team dropped 50 spots from 2008 to 2009 cominb inat No. 88. The Coyotes are in Chapte r 11 bankruptcy reorganization and ranked dead last in the ESPN survegyfor fans’ view of team ownership. Coyotes owner Jerrhy Moyes wants to sell the team to Canadiah billionaire Jim Balsillie who plans a move to The National Hockey League and cityof Glendale, whers the Coyotes play, want the team sold to Chicago Bullds and White Sox owner Jerry Reinsdorf, who said he would keep it in
Friday, 16 November 2012
Enterprise Florida seeks input on economic roadmap - Business First of Columbus:
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The open meeting, held at the Manufacturing Center, is the fiftj in a series of forums across the state that begamn June 3 in Gainesville and ends July 30 in The half-day workshops serve as the venude for discussion, viewpoints and a release from the statewid business development, retention and expansion organizationj said. Among those invited to the event were representatives ofindustry associations, transportation experts, cultural arts smart growth advocates, elected officials and economic development The feedback will help the organization focuws on Florida’s most important economix development needs and set the righrt goals for making the stats more competitive and economically healthier, executivezs said.
Topics were slated to run the gamutfrom retaining, creating and attracting high-wage jobs to cultivatinfg a talented and highly skilled future work force and from upgradingv infrastructure to increasing Florida’s global competitiveness. Beyond the regionap workshops, other opportunities are available for public contributions to the development ofthe “Roadmap.” An Enterprisr Florida now allows for feedback throughb several interactive features includin a Roadmap survey and discussiobn board. Additionally, the site provides the current Roadmap, related progrese reports and “save the date” announcement for each regional forum, the releasse said.
Enterprise Florida’s board is charged with developing the plan and submitting it to the governor andlegislatived leaders. Every three years, the Roadmap to Florida’s Future the state’s blueprint for economic development — is updated following competitivenesse analysis and feedback from a broafd base of community representatives in the is a partnershipbetween Florida's business and governmengt leaders and is headquartered in Its mission is “to diversify Florida’s economy and create better-payiny jobs for its citizens by supporting, attracting and helpinv to create businesses in innovative, high-growth
The open meeting, held at the Manufacturing Center, is the fiftj in a series of forums across the state that begamn June 3 in Gainesville and ends July 30 in The half-day workshops serve as the venude for discussion, viewpoints and a release from the statewid business development, retention and expansion organizationj said. Among those invited to the event were representatives ofindustry associations, transportation experts, cultural arts smart growth advocates, elected officials and economic development The feedback will help the organization focuws on Florida’s most important economix development needs and set the righrt goals for making the stats more competitive and economically healthier, executivezs said.
Topics were slated to run the gamutfrom retaining, creating and attracting high-wage jobs to cultivatinfg a talented and highly skilled future work force and from upgradingv infrastructure to increasing Florida’s global competitiveness. Beyond the regionap workshops, other opportunities are available for public contributions to the development ofthe “Roadmap.” An Enterprisr Florida now allows for feedback throughb several interactive features includin a Roadmap survey and discussiobn board. Additionally, the site provides the current Roadmap, related progrese reports and “save the date” announcement for each regional forum, the releasse said.
Enterprise Florida’s board is charged with developing the plan and submitting it to the governor andlegislatived leaders. Every three years, the Roadmap to Florida’s Future the state’s blueprint for economic development — is updated following competitivenesse analysis and feedback from a broafd base of community representatives in the is a partnershipbetween Florida's business and governmengt leaders and is headquartered in Its mission is “to diversify Florida’s economy and create better-payiny jobs for its citizens by supporting, attracting and helpinv to create businesses in innovative, high-growth
Wednesday, 14 November 2012
Free Chick-fil-A meal on July 10 - Atlanta Business Chronicle:
vanbeekdulejos1771.blogspot.com
The giveaway is part of the Atlanta-based chain’s fifth-annual Cow Appreciatiohn Day, which honors its "Eagt Mor Chikin" Cows. In a related parents can enter photos oftheir cow-clad childrenm as part of a "Show Us the online photo contest, for a chance to win a $1,000 U.S. Savings Bond. Between now and Aug. 31, children ages 10 and youngedr are encouraged to work with an adult to submitt creative photos of themselves dressedas cows. The contest Web site, www.CowAppreciationDay.com, has details about uploading photos for the Once the picturesare uploaded, the publicv can vote for their favorite photo through Aug. 31.
The 20 photographss that get the most Internet votes will bename semifinalists. From the semifinalists, Chick-fil-A will selectf five finalists and one grand prize winner based onoveralpl quality, appearance, originality, creativity and The entrant's age will be taken into account for Chick-fil-A said. The grand prize winner will receiva U.S. Series EE Savings Bond with a maturity value of a catered party fortheir classroom, free Chick-fil-A Kid'as Meals for a year and a digitaol camera, among other gifts. Also each Kid's Meal from June 22 to July 25 will includ e miniatureCow figurines, while supplies last.
One out of everty 100 of the cows will have gold spotd instead of the traditional black spotes and will be packaged with a card redeemablee for a freeIce
The giveaway is part of the Atlanta-based chain’s fifth-annual Cow Appreciatiohn Day, which honors its "Eagt Mor Chikin" Cows. In a related parents can enter photos oftheir cow-clad childrenm as part of a "Show Us the online photo contest, for a chance to win a $1,000 U.S. Savings Bond. Between now and Aug. 31, children ages 10 and youngedr are encouraged to work with an adult to submitt creative photos of themselves dressedas cows. The contest Web site, www.CowAppreciationDay.com, has details about uploading photos for the Once the picturesare uploaded, the publicv can vote for their favorite photo through Aug. 31.
The 20 photographss that get the most Internet votes will bename semifinalists. From the semifinalists, Chick-fil-A will selectf five finalists and one grand prize winner based onoveralpl quality, appearance, originality, creativity and The entrant's age will be taken into account for Chick-fil-A said. The grand prize winner will receiva U.S. Series EE Savings Bond with a maturity value of a catered party fortheir classroom, free Chick-fil-A Kid'as Meals for a year and a digitaol camera, among other gifts. Also each Kid's Meal from June 22 to July 25 will includ e miniatureCow figurines, while supplies last.
One out of everty 100 of the cows will have gold spotd instead of the traditional black spotes and will be packaged with a card redeemablee for a freeIce
Tuesday, 13 November 2012
Obama picks venture capitalist to head SBA Advocacy Office - bizjournals:
iqukikofor.wordpress.com
Winslow Sargeant, a managing directotr in the technology practiceof Madison, Wis.-baseed Venture Investors, is Obama’s choice. The Advocacy Office is an independenyt entity inside the SBA that ensures federal agenciesx consider the impact of theifr regulations onsmall businesses. The offic also conducts researchon small-business issues. Sargeant, who earnex a Ph.D. in electrical engineering at the University of Wisconsihnat Madison, worked as a senior engineer at severakl large corporations before co-founding a fabless semiconductor company that later was acquired by PMC-Sierra.
From 2001 to he served as program manager for the Smal l Business Innovation Research program at the National Science Foundation’s engineering directorate. He is the seconc venture capitalist to be selected for a top SBA Karen Mills worked as a principal at privat equity and venture capitao firms for 26 years beforew she became the SBA administratorin Sargeant’s lack of legapl training means he will have to rely heavilyy on the attorneys at the Office of Much of the office’s work involve analyzing whether government agencies follow federal laws that required them to analyze the potential economid impact of proposed rules on small businesses.
The officed also makes sure regulators hearsmall businesses’ opinions about regulations. In fiscal 2008, this input saved small businessesabour $11 billion in possible regulatory costs, accordinhg to the office. The office’s acting Shawne Carter McGibbon, joined the office in during the BillClinton administration. She previously worked for a Democratic member of Congress and has been an attornehy for20 years.
An unnamed Obama administratiobn official characterized McGibbon to reportere asa “Bush holdover” during a controversy over an interagency reviee of the Environmental Protection Agency’s findiny that greenhouse gas emissions pose a public health The Office of Advocacy concluded that regulating carbon dioxide undef the Clean Air Act likely wouled have “serious economic consequences” on smalpl businesses and other regulated entities.
Several press accountzs quoted anonymous administration officials who said theAdvocachy Office’s criticism of the EPA finding came from an officde “still stocked with Bush appointees,” in the wordws of the Los Angeles Times. This dismissal of the office’xs opinion upset Rep. Darrell Issa of the ranking Republican on the HouseOversight & Governmentg Reform Committee. “There are hundreds of civill servants serving in a simila r capacity throughout the federal government who coul d also be characterizedas ‘Bush Issa wrote in a May 14 letter to “I sincerely hope that their professionapl advice and decisions will not be discountex merely because they also worked for the federapl government under President George W.
Bush.” For more: . Microloanzs up, big loans down for smallo businesses this year Lending data collected bythe SBA’d Office of Advocacy confirms the importance of business credit cards to small companies. A new report found that the total valueof small-business loans outstanding increasedr by 4 percent in the 12 monthsa that ended in June 2008, down from the previous year’s increasd of 8 percent. These numbers are for all small-businessa loans, not just SBA loans. The number of business loans of lessthan $100,00o jumped by nearly 16 percent as large lenders concentrated on credit cards, accordinv to the study.
In contrast, the number of businesd loans inthe $100,000 to $1 million rang fell by more than 23 percent. The report used call reportzs submitted by banks as well as Community ReinvestmenrAct data. Business loans of less than $1 million were considerec to be small-business loans. Based on call report data, the top five small-busineses lenders in June 2008 were American Capital One, Regions Financial Corp., Synovus Financial Corp. and First Citizen Bancshares Inc. The reportf also lists the mostactive small-business lenders in each state.
“In the currenty financial climate, it’s especially critical for small firms to know whichn banks and financial institutionxs have been the most likely to make smalp andmicrobusiness loans,” said economist Victoria Williams, a co-author of the For more: .
Winslow Sargeant, a managing directotr in the technology practiceof Madison, Wis.-baseed Venture Investors, is Obama’s choice. The Advocacy Office is an independenyt entity inside the SBA that ensures federal agenciesx consider the impact of theifr regulations onsmall businesses. The offic also conducts researchon small-business issues. Sargeant, who earnex a Ph.D. in electrical engineering at the University of Wisconsihnat Madison, worked as a senior engineer at severakl large corporations before co-founding a fabless semiconductor company that later was acquired by PMC-Sierra.
From 2001 to he served as program manager for the Smal l Business Innovation Research program at the National Science Foundation’s engineering directorate. He is the seconc venture capitalist to be selected for a top SBA Karen Mills worked as a principal at privat equity and venture capitao firms for 26 years beforew she became the SBA administratorin Sargeant’s lack of legapl training means he will have to rely heavilyy on the attorneys at the Office of Much of the office’s work involve analyzing whether government agencies follow federal laws that required them to analyze the potential economid impact of proposed rules on small businesses.
The officed also makes sure regulators hearsmall businesses’ opinions about regulations. In fiscal 2008, this input saved small businessesabour $11 billion in possible regulatory costs, accordinhg to the office. The office’s acting Shawne Carter McGibbon, joined the office in during the BillClinton administration. She previously worked for a Democratic member of Congress and has been an attornehy for20 years.
An unnamed Obama administratiobn official characterized McGibbon to reportere asa “Bush holdover” during a controversy over an interagency reviee of the Environmental Protection Agency’s findiny that greenhouse gas emissions pose a public health The Office of Advocacy concluded that regulating carbon dioxide undef the Clean Air Act likely wouled have “serious economic consequences” on smalpl businesses and other regulated entities.
Several press accountzs quoted anonymous administration officials who said theAdvocachy Office’s criticism of the EPA finding came from an officde “still stocked with Bush appointees,” in the wordws of the Los Angeles Times. This dismissal of the office’xs opinion upset Rep. Darrell Issa of the ranking Republican on the HouseOversight & Governmentg Reform Committee. “There are hundreds of civill servants serving in a simila r capacity throughout the federal government who coul d also be characterizedas ‘Bush Issa wrote in a May 14 letter to “I sincerely hope that their professionapl advice and decisions will not be discountex merely because they also worked for the federapl government under President George W.
Bush.” For more: . Microloanzs up, big loans down for smallo businesses this year Lending data collected bythe SBA’d Office of Advocacy confirms the importance of business credit cards to small companies. A new report found that the total valueof small-business loans outstanding increasedr by 4 percent in the 12 monthsa that ended in June 2008, down from the previous year’s increasd of 8 percent. These numbers are for all small-businessa loans, not just SBA loans. The number of business loans of lessthan $100,00o jumped by nearly 16 percent as large lenders concentrated on credit cards, accordinv to the study.
In contrast, the number of businesd loans inthe $100,000 to $1 million rang fell by more than 23 percent. The report used call reportzs submitted by banks as well as Community ReinvestmenrAct data. Business loans of less than $1 million were considerec to be small-business loans. Based on call report data, the top five small-busineses lenders in June 2008 were American Capital One, Regions Financial Corp., Synovus Financial Corp. and First Citizen Bancshares Inc. The reportf also lists the mostactive small-business lenders in each state.
“In the currenty financial climate, it’s especially critical for small firms to know whichn banks and financial institutionxs have been the most likely to make smalp andmicrobusiness loans,” said economist Victoria Williams, a co-author of the For more: .
Monday, 12 November 2012
WJC ANALYSIS - After Obama's re-election, what's next for the Palestinians? - World Jewish Congress
ernstiryastrov.blogspot.com
World Jewish Congress | WJC ANALYSIS - After Obama's re-election, what's next for the Palestinians? World Jewish Congress By Pinhas Inbari. The re-election of Barack Obama begs the question whether, as he had done in his first term, the US president would focus his attention on the Israeli-Palestinian conflict. While the resolution of the conflict was high on the ... |
Saturday, 10 November 2012
Republicans defend Jase Bolger's suitability to remain Michigan House speaker ... - MLive.com
ovaluleq.wordpress.com
MLive.com | Republicans defend Jase Bolger's suitability to remain Michigan House speaker ... MLive.com LANSING, MI â€" Members of the Michigan House are expected to pick their political party caucus leaders for the 2013-14 legislative session Thursday, and Speaker Jase Bolger's status appears safe among his Republican colleagues despite an ongoing ... Jase Bolger will repeat at Speaker of the House despite "Bolgergate" scandal House Speaker Jase Bolger claims victory in re-election bid against Bill Farmer Bolger survives re-election as GOP retains hold on Michigan House |
Wednesday, 7 November 2012
Keller Williams office closes, lawsuit filed - Dayton Business Journal:
houston-nearly.blogspot.com
The Realty in Washington Township, which had 110 agentas listed last summer, shut down in the last week or so. Roughl 30 agents from the firm have joined the nearby office onParagon Road, said Kali Spirtos, a former shareholderd in the Keller Williamx office. has filed a lawsuit against Spirtos, her son Nicholas Spirtos, the Resultsw First franchise and Real alleging the defendants orchestrated a takeover ofthe franchise's businesws in order to move it to anotherr company. The suit, filed Jan. 18 in Montgomery County CommonnPleas Court, said the Spirtos' called an emergency shareholdersa meeting Jan.
16 followed by a mandatory agente meeting where about 100 agents were introduced to representatives from Real Amongthe allegations, the Spirtos' and representativez from Real Living were said to advise the agent s and shareholders that Kelletr Williams had abandoned the franchise agreemenft and advised them to transfer their real estate and other licenses to Real Living. The suit alleges Nicholaxs Spirtos breached his licensing agreement by soliciting agents and competing directly against Keller Williams while maintaining ownershil inthe company.
The suit also said armed guards were used to secures the office during the takeover meeting and that a computerd firm was used to take information and trade secretsz from KellerWilliams software. John Cloud, Nicholas Spirtos' declined to comment. Cloud said he hasn'tg had a chance to answer the complaint. Kali Spirtos said "there was so much more to the than what was contained in the lawsuiyt and referred any other comment to her John Ruffolo, who also declined to comment. Harleh Rouda Jr., chief executive officetr and managing partnerof Columbus-basec Real Living, was surprised by the suit. "We're not sure what meetinhg they're referring to.
There's been no meetinyg we've been involved in where therw were armed guardsthat we're aware Rouda said. "There's no basis for this suit other than they are upse tthat they've lost some agents." Calla to Real Living's Paragon Road office were not The Spirtos' began operating the Keller Williamss Results First Realty franchise in October 2002 with Nicholazs Spirtos acting as the operating principal, according to the With the franchise agreement set to expirde in October 2007, the two sidez began negotiations to extend the deal. But Kelled Williams alleges in the suit that Nicholaas Spirtos breachedthe agreement, so they sent a default lettet Dec. 10.
The court issued a temporary restrainingh order coveringKeller Williams' intellectual property and severaol other items, which lasts until a preliminary injunctionb hearing Feb. 19, according to Marc Kessler, a lawyef for the Columbus law office of Loeserand Parks, which represents Kellere Williams. While Nicholas Spirtos was still the primary ownet after thedefault letter, Keller Williams had appointed an interim operating principal -- someone who was contemplatingv buying the franchise, Kessledr said. The suit alleges the takeover meeting was held when that person was out of Kessler expects the case to take a year to be but declined tocomment further.
Among other things, Kelled Williams is asking for unspecified punitiver and other damages along with legak expenses and the return of confidential andproprietaryu information. The Keller Williamss Results First Realty officehandled 1,309 transactionws in 2006, ranking it as the fourth-largest residentialp real estate firm in the Dayton area, accordinfg to research.
The Realty in Washington Township, which had 110 agentas listed last summer, shut down in the last week or so. Roughl 30 agents from the firm have joined the nearby office onParagon Road, said Kali Spirtos, a former shareholderd in the Keller Williamx office. has filed a lawsuit against Spirtos, her son Nicholas Spirtos, the Resultsw First franchise and Real alleging the defendants orchestrated a takeover ofthe franchise's businesws in order to move it to anotherr company. The suit, filed Jan. 18 in Montgomery County CommonnPleas Court, said the Spirtos' called an emergency shareholdersa meeting Jan.
16 followed by a mandatory agente meeting where about 100 agents were introduced to representatives from Real Amongthe allegations, the Spirtos' and representativez from Real Living were said to advise the agent s and shareholders that Kelletr Williams had abandoned the franchise agreemenft and advised them to transfer their real estate and other licenses to Real Living. The suit alleges Nicholaxs Spirtos breached his licensing agreement by soliciting agents and competing directly against Keller Williams while maintaining ownershil inthe company.
The suit also said armed guards were used to secures the office during the takeover meeting and that a computerd firm was used to take information and trade secretsz from KellerWilliams software. John Cloud, Nicholas Spirtos' declined to comment. Cloud said he hasn'tg had a chance to answer the complaint. Kali Spirtos said "there was so much more to the than what was contained in the lawsuiyt and referred any other comment to her John Ruffolo, who also declined to comment. Harleh Rouda Jr., chief executive officetr and managing partnerof Columbus-basec Real Living, was surprised by the suit. "We're not sure what meetinhg they're referring to.
There's been no meetinyg we've been involved in where therw were armed guardsthat we're aware Rouda said. "There's no basis for this suit other than they are upse tthat they've lost some agents." Calla to Real Living's Paragon Road office were not The Spirtos' began operating the Keller Williamss Results First Realty franchise in October 2002 with Nicholazs Spirtos acting as the operating principal, according to the With the franchise agreement set to expirde in October 2007, the two sidez began negotiations to extend the deal. But Kelled Williams alleges in the suit that Nicholaas Spirtos breachedthe agreement, so they sent a default lettet Dec. 10.
The court issued a temporary restrainingh order coveringKeller Williams' intellectual property and severaol other items, which lasts until a preliminary injunctionb hearing Feb. 19, according to Marc Kessler, a lawyef for the Columbus law office of Loeserand Parks, which represents Kellere Williams. While Nicholas Spirtos was still the primary ownet after thedefault letter, Keller Williams had appointed an interim operating principal -- someone who was contemplatingv buying the franchise, Kessledr said. The suit alleges the takeover meeting was held when that person was out of Kessler expects the case to take a year to be but declined tocomment further.
Among other things, Kelled Williams is asking for unspecified punitiver and other damages along with legak expenses and the return of confidential andproprietaryu information. The Keller Williamss Results First Realty officehandled 1,309 transactionws in 2006, ranking it as the fourth-largest residentialp real estate firm in the Dayton area, accordinfg to research.
Tuesday, 6 November 2012
West Penn assisted living site has month to fix violations - Pittsburgh Business Times:
humojo.wordpress.com
, a 77-bed facility locatedc on Fifth Avenuein Oakland, received its second provisional license after inspectors found numeroue violations, including inadequate fire evacuatiomn plans, medication record problems and failure to perform an annua l assessment for one according to the center’s licensing history. Facilities can receive a maximumn of four provisional licensesbeforer revocation. Four of the problems cited during the May including evacuationplan deficiencies, were repeat violations from earlier The Residence on Fifth is operatexd by Wexford-based IntegraCare Corp.
, which also manages assisted living facilitie in Butler, Greensburg, Mount Lebanon and Kennedy Township for and othef groups. All of those facilities have full licenses. Neithef Rick Irwin, founding partner and CEO, nor COO Loriann Putzier were availabled to comment on thelicensing problems. But in a preparede statement, Putzier wrote: “The mission of The Residence on Fifthn is to enhance the quality of life for our their families andour employees.
Proactively adjusting some of our processes and the receny installation of additional fire dooras to meet current DPW requirements and the changingb needsof today’s elderly are consistent with that Irwin and Putzier, former members of senior management at Nationap Health Management Inc., formed IntegraCarde in 1999. IntegraCare grew 33 percent last recently adding 145 units at The Woods at Cedare Run in Camp The company also runs the Magnolias of Chambersburh and the Magnoliasof Lancaster, both assister living facilities, and Rexford an assisted living facility in Md.
State inspectors have not returnefd to The Residence on Fifthsince May, but they will be there before the facility’s license expires on Sept. 13, according to DPW spokeswoman Stacey The problems at The Residence on Fifth come at a time when DPW is preparingf to fine home operators who have repeat according toDaneen Reese, executive director of the , a Scranton-basexd trade group. Operators will be notifie d about the fine schedule in the next few but an implementationdate wasn’t Fines will range up to $20 a day per resident, dependinb on the seriousness of the Reese said. The most serious problems will have to be correctedd withina day.
“What they’rd trying to do is increase the quality of care and decreasee the number of violations by imposingha penalty,” Reese said. “Ifc you have a they’re willing to work with you for an effectiver planof correction. “If you’re a repeat at some point they haveto say,
, a 77-bed facility locatedc on Fifth Avenuein Oakland, received its second provisional license after inspectors found numeroue violations, including inadequate fire evacuatiomn plans, medication record problems and failure to perform an annua l assessment for one according to the center’s licensing history. Facilities can receive a maximumn of four provisional licensesbeforer revocation. Four of the problems cited during the May including evacuationplan deficiencies, were repeat violations from earlier The Residence on Fifth is operatexd by Wexford-based IntegraCare Corp.
, which also manages assisted living facilitie in Butler, Greensburg, Mount Lebanon and Kennedy Township for and othef groups. All of those facilities have full licenses. Neithef Rick Irwin, founding partner and CEO, nor COO Loriann Putzier were availabled to comment on thelicensing problems. But in a preparede statement, Putzier wrote: “The mission of The Residence on Fifthn is to enhance the quality of life for our their families andour employees.
Proactively adjusting some of our processes and the receny installation of additional fire dooras to meet current DPW requirements and the changingb needsof today’s elderly are consistent with that Irwin and Putzier, former members of senior management at Nationap Health Management Inc., formed IntegraCarde in 1999. IntegraCare grew 33 percent last recently adding 145 units at The Woods at Cedare Run in Camp The company also runs the Magnolias of Chambersburh and the Magnoliasof Lancaster, both assister living facilities, and Rexford an assisted living facility in Md.
State inspectors have not returnefd to The Residence on Fifthsince May, but they will be there before the facility’s license expires on Sept. 13, according to DPW spokeswoman Stacey The problems at The Residence on Fifth come at a time when DPW is preparingf to fine home operators who have repeat according toDaneen Reese, executive director of the , a Scranton-basexd trade group. Operators will be notifie d about the fine schedule in the next few but an implementationdate wasn’t Fines will range up to $20 a day per resident, dependinb on the seriousness of the Reese said. The most serious problems will have to be correctedd withina day.
“What they’rd trying to do is increase the quality of care and decreasee the number of violations by imposingha penalty,” Reese said. “Ifc you have a they’re willing to work with you for an effectiver planof correction. “If you’re a repeat at some point they haveto say,
Monday, 5 November 2012
Red flag warnings posted for mountain areas - fox5sandiego.com
ejoxot.wordpress.com
fox5sandiego.com | Red flag warnings posted for mountain areas fox5sandiego.com SAN DIEGO â€" Strong, gusty winds and very low humidity Sunday increased the risk for wildfires and caused Red Flag Warnings to be posted for the San Diego County mountain areas and a less-severe fire weather watch for inland v » |
Saturday, 3 November 2012
A new twist on a week of mergers - Phoenix Business Journal:
lehoquvuhu.wordpress.com
I know it got real hot out therreal quick, but ... staying in Phoenix? I must be getting heat That's not normally the way it happensarounc here. , the nation's No. 2 garbagew hauler, is being acquired by a smaller competitor, , but the loss to Arizona will come in name The new company will call itself Republic, but will keep its headquartersw in Phoenix. The combined company will remaim No. 2 in the nation, closing the gap between it and WastdManagement Inc. It is expected to do more than $9 billio a year in revenue, with 36,000 employeese and 13 million customerzs in40 states.
Assumin g it clears all of the hurdles, Arizona will be left with an even strongert player on its rosterd of six Fortune500 heavyweights. And, given the momentuj of the green/sustainability movement, you can bet a company the size of Republic -- in an industry well-suited for environmental stewardship -- will be lookiny for ways to be a leade in that sector, which will only benefirt Arizona even more. Ah, but it' a dry heat.... ... HEAT IN THE , a locally grown pizza chain, is beingh acquired by an out-of-town company, too. The foundet and CEO says his operations won't changd even though it will be owned byof Florida, and that Oregano'ss will keep its headquarters in Scottsdale.
Wow, that'as two for two on the merge frontthis week, with both companies preserving their hometown ties. My only problemn with Oregano's reminds me of the Yogi Berra "No one goes there anymore, it'sa too crowded."... ... FOR A LOT OF no longer will bea family-owned business. It was boughtf this week, too, by out of Georgia. The pricre wasn't disclosed, but it likely was hefty. Holsum, one of Arizona's large r privately held businesses, also was one of its It's been in the Eisele family sinces 1884.... ... ON THE MOVE: Another headquarters move this week took a company outof Phoenix.
, whichy makes electronic payment systems, decided to relocate from its nortb Phoenix base all the way to its new addresein Scottsdale. Almost had you on that one, didn't I?... ... DON'T BE AFRAID TO LAUGH: What a week it was on the mergedr andmove front. As you wind throug another Arizona scorching summer in an economy that is leavinbg its share of burn remember to keep a sense of humor Perhaps it's worth remembering this last one from "It ain't the heat, it's the
I know it got real hot out therreal quick, but ... staying in Phoenix? I must be getting heat That's not normally the way it happensarounc here. , the nation's No. 2 garbagew hauler, is being acquired by a smaller competitor, , but the loss to Arizona will come in name The new company will call itself Republic, but will keep its headquartersw in Phoenix. The combined company will remaim No. 2 in the nation, closing the gap between it and WastdManagement Inc. It is expected to do more than $9 billio a year in revenue, with 36,000 employeese and 13 million customerzs in40 states.
Assumin g it clears all of the hurdles, Arizona will be left with an even strongert player on its rosterd of six Fortune500 heavyweights. And, given the momentuj of the green/sustainability movement, you can bet a company the size of Republic -- in an industry well-suited for environmental stewardship -- will be lookiny for ways to be a leade in that sector, which will only benefirt Arizona even more. Ah, but it' a dry heat.... ... HEAT IN THE , a locally grown pizza chain, is beingh acquired by an out-of-town company, too. The foundet and CEO says his operations won't changd even though it will be owned byof Florida, and that Oregano'ss will keep its headquarters in Scottsdale.
Wow, that'as two for two on the merge frontthis week, with both companies preserving their hometown ties. My only problemn with Oregano's reminds me of the Yogi Berra "No one goes there anymore, it'sa too crowded."... ... FOR A LOT OF no longer will bea family-owned business. It was boughtf this week, too, by out of Georgia. The pricre wasn't disclosed, but it likely was hefty. Holsum, one of Arizona's large r privately held businesses, also was one of its It's been in the Eisele family sinces 1884.... ... ON THE MOVE: Another headquarters move this week took a company outof Phoenix.
, whichy makes electronic payment systems, decided to relocate from its nortb Phoenix base all the way to its new addresein Scottsdale. Almost had you on that one, didn't I?... ... DON'T BE AFRAID TO LAUGH: What a week it was on the mergedr andmove front. As you wind throug another Arizona scorching summer in an economy that is leavinbg its share of burn remember to keep a sense of humor Perhaps it's worth remembering this last one from "It ain't the heat, it's the
Friday, 2 November 2012
Adjusting the recipe: River Oaks Restaurant adapts to flailing economy with strategic changes - Memphis Business Journal:
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And he’s not about to let his just die. But in the restaurant businessyou can’t change things with a ham-handec approach. And you can’t bring big change to a fine dininf restaurant withoutalerting (and possiblyt running off) the regulars. So the most receng thing Vaughn has changed arethe hours. Once only open for the East Memphis “bustling neighborhood bistro” is now open every day from 11 a.m.-11q p.m. “Houston’s is open at 11 a.m. and they’rr on wait until they Vaughn says. “That’s a pieces of our pie.
” The River Oaks menu will not changsefor lunch, will be the same until the doors close and is the same menu “outr regulars have come to The only difference is the lunch portion will be half of the dinner portion and cost half as much. Vaughn says the Memphis dinintg scene is inbad shape. The restauranr scene, he says, is holding its own with a firm foundatio laid years ago by pioneering chefse and new directions from chefszlike himself. But the recession has made customerasscale back. Some folks that used to go to Rivedr Oaks are now goingto . Thosse that went to Houston’s are going to or othe fast casual places.
Vaughn says he’s seen a 30% declin e in business over thepast year, whicy is a large chunk for a smalk restaurant that seats 85. But for the Riverd Oaks loyals, Vaughn isn’t about to changw their culinary refuge. “The goal for this restauranrt is to ride out the tough manage our costs and not allow it to reflect toour guests,” Vaughbn says. “We’re not going to cheapebn the place up.” For you’re not going to find two-for-one drinok specials every night. But on Mondays, you’ll find all wine labelas half off. Vaughn’s able to do that, he through a good relationship with hislocakl distributor.
The biggest change for River Oaks came abou two years ago when Vaughhn says he first sawbusiness decline. Back he was shipping ingredients to Memphis from all over the worlc via The hundreds of dollars in additional freight costsz began toadd up. “What I failedr to realize is that (local farmers) are in the same boat I’mm in,” Vaughn says. “We’re all struggling for a bigger piece ofthe So, Vaughn now chooses his ingrediente from more local farms. He gets as much as he can from Arkansasand Mississippi, but stretchess out to Florida, Louisiana and Alabama. The local food movemen is in full swing says editor and publisherMelisss Petersen.
When she and her husband arrived here two yeara ago there weretwo farmer’s markets. Now there are five in the Memphizs area. Her magazine’s food guide used to highlight locall restaurants that cooked with local ingredientsz and then listthoser ingredients. Frankly, she says, she’s run out of room in the printg edition. With local restaurants’ help, farmersz are slowly able to convert from a retai to a wholesalebusiness model, she “They are working with chefs and growing what they Petersen says. “The farmers are bringing freshj deliveries to chefs each day and the wholse thing produces a little cost savingsd forthe restaurants.
” Fresh ingredients means a fresh menu, Vaughn says, as he has to cook with the differeny growing seasons. This has produced a followinf that includes executives withFedExs Corp., and other businesses who go to Rivedr Oaks to see what Vaughn That free rein to do as he please s is one of the biggest business forcee that guides River Oaks. The restaurant is ownec by a groupof five, local investore who take their “silenft partner” titles very seriously and have put Vaughn’s name at stakee for the place.
The same investors are responsible for the renovatiom on the same lot as River In developingthe hotel, they couldn’t leave the former Cockeyesd Camel space vacant, so they invested $2.5 million in transforming the Camelo into River Oaks, named for the East Memphis Vaughn came to Memphisw in 2003 as a chef with Hiltom Hotels Corp. River Oaks opened in 2006 with another Vaughn was tapped after thatrelationship didn’t work out. “It takezs some people a lifetime and a fortunes to get to that place whers you have the ability to do what you how you want and whenyou want,” Vaughn says.
this has been an amazing experiencefor
And he’s not about to let his just die. But in the restaurant businessyou can’t change things with a ham-handec approach. And you can’t bring big change to a fine dininf restaurant withoutalerting (and possiblyt running off) the regulars. So the most receng thing Vaughn has changed arethe hours. Once only open for the East Memphis “bustling neighborhood bistro” is now open every day from 11 a.m.-11q p.m. “Houston’s is open at 11 a.m. and they’rr on wait until they Vaughn says. “That’s a pieces of our pie.
” The River Oaks menu will not changsefor lunch, will be the same until the doors close and is the same menu “outr regulars have come to The only difference is the lunch portion will be half of the dinner portion and cost half as much. Vaughn says the Memphis dinintg scene is inbad shape. The restauranr scene, he says, is holding its own with a firm foundatio laid years ago by pioneering chefse and new directions from chefszlike himself. But the recession has made customerasscale back. Some folks that used to go to Rivedr Oaks are now goingto . Thosse that went to Houston’s are going to or othe fast casual places.
Vaughn says he’s seen a 30% declin e in business over thepast year, whicy is a large chunk for a smalk restaurant that seats 85. But for the Riverd Oaks loyals, Vaughn isn’t about to changw their culinary refuge. “The goal for this restauranrt is to ride out the tough manage our costs and not allow it to reflect toour guests,” Vaughbn says. “We’re not going to cheapebn the place up.” For you’re not going to find two-for-one drinok specials every night. But on Mondays, you’ll find all wine labelas half off. Vaughn’s able to do that, he through a good relationship with hislocakl distributor.
The biggest change for River Oaks came abou two years ago when Vaughhn says he first sawbusiness decline. Back he was shipping ingredients to Memphis from all over the worlc via The hundreds of dollars in additional freight costsz began toadd up. “What I failedr to realize is that (local farmers) are in the same boat I’mm in,” Vaughn says. “We’re all struggling for a bigger piece ofthe So, Vaughn now chooses his ingrediente from more local farms. He gets as much as he can from Arkansasand Mississippi, but stretchess out to Florida, Louisiana and Alabama. The local food movemen is in full swing says editor and publisherMelisss Petersen.
When she and her husband arrived here two yeara ago there weretwo farmer’s markets. Now there are five in the Memphizs area. Her magazine’s food guide used to highlight locall restaurants that cooked with local ingredientsz and then listthoser ingredients. Frankly, she says, she’s run out of room in the printg edition. With local restaurants’ help, farmersz are slowly able to convert from a retai to a wholesalebusiness model, she “They are working with chefs and growing what they Petersen says. “The farmers are bringing freshj deliveries to chefs each day and the wholse thing produces a little cost savingsd forthe restaurants.
” Fresh ingredients means a fresh menu, Vaughn says, as he has to cook with the differeny growing seasons. This has produced a followinf that includes executives withFedExs Corp., and other businesses who go to Rivedr Oaks to see what Vaughn That free rein to do as he please s is one of the biggest business forcee that guides River Oaks. The restaurant is ownec by a groupof five, local investore who take their “silenft partner” titles very seriously and have put Vaughn’s name at stakee for the place.
The same investors are responsible for the renovatiom on the same lot as River In developingthe hotel, they couldn’t leave the former Cockeyesd Camel space vacant, so they invested $2.5 million in transforming the Camelo into River Oaks, named for the East Memphis Vaughn came to Memphisw in 2003 as a chef with Hiltom Hotels Corp. River Oaks opened in 2006 with another Vaughn was tapped after thatrelationship didn’t work out. “It takezs some people a lifetime and a fortunes to get to that place whers you have the ability to do what you how you want and whenyou want,” Vaughn says.
this has been an amazing experiencefor
Thursday, 1 November 2012
Smithfield Foods: No swine flu found in our pigs - The Business Journal of the Greater Triad Area:
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Swine flu, a virus found in pigs that can be transmittedto humans, has already infected 1,000 people in Mexico, killing at leas 100, according to numerous news About 20 cases have also been reported in the New York, Texas, Ohio and Kansas, but none have resulted in death, according to the , or CDC. Smithfield Foodss (NYSE: SFD), based in Smithfield, Va., says it is cooperatinvg with Mexican officials to assist in the investigation of possible sources of the outbreak and will submit samples from its swinr herds to thefor testing.
The company also note d that it regularly vaccinates its swine herds against influenzqa and conducts monthly tests for the presence of swine flu its Mexican farms and processing According tothe CDC, people cannot get the flu from eating pork or pork Cases of swine flu commonlty occur in people with direct exposure to pigs. Human-to-human contact can also transmit the Shares of Smithfield and were down sharply on Monday amid concern abougtthe outbreak’s impact on pork China and Russia have already banned imports of U.S. pork from some statews that have human cases ofthe flu, according to Smithfield shares were tradin at $9.11 at mid-day -- down 11 percentg from the previous close.
Smithfield is the nation’s leadinb processor and marketer of fresbh pork and packaged and the biggest hog producer with salesof $12 The company owns 49 percent of Garned turkey processor LLC. It also operatesx the largest pig slaughterhouse in the world in Tar a town about 85 mileds southeastof Raleigh, with about 4,50o0 employees.
Swine flu, a virus found in pigs that can be transmittedto humans, has already infected 1,000 people in Mexico, killing at leas 100, according to numerous news About 20 cases have also been reported in the New York, Texas, Ohio and Kansas, but none have resulted in death, according to the , or CDC. Smithfield Foodss (NYSE: SFD), based in Smithfield, Va., says it is cooperatinvg with Mexican officials to assist in the investigation of possible sources of the outbreak and will submit samples from its swinr herds to thefor testing.
The company also note d that it regularly vaccinates its swine herds against influenzqa and conducts monthly tests for the presence of swine flu its Mexican farms and processing According tothe CDC, people cannot get the flu from eating pork or pork Cases of swine flu commonlty occur in people with direct exposure to pigs. Human-to-human contact can also transmit the Shares of Smithfield and were down sharply on Monday amid concern abougtthe outbreak’s impact on pork China and Russia have already banned imports of U.S. pork from some statews that have human cases ofthe flu, according to Smithfield shares were tradin at $9.11 at mid-day -- down 11 percentg from the previous close.
Smithfield is the nation’s leadinb processor and marketer of fresbh pork and packaged and the biggest hog producer with salesof $12 The company owns 49 percent of Garned turkey processor LLC. It also operatesx the largest pig slaughterhouse in the world in Tar a town about 85 mileds southeastof Raleigh, with about 4,50o0 employees.
Tuesday, 30 October 2012
Crescent Resources files Chapter 11 - Pacific Business News (Honolulu):
ejoxot.wordpress.com
Charlotte, N.C.-based Crescent Resources -- a joing venture of and that specializesin mixed-use developments -- said the move is part of its strategy to reduce debt and improve its capital structure. The bankruptcyu filing was made inthe U.S. Bankruptcy Court in the Western Districtof Texas, Austin Before the Chapter 11 filing, Crescent faced payments of $50 milliojn by the end of this $75 million in 2010 and $100 million in 2011 on its Crescent Resources has landed $110 million in debtor-in-possession financingt from a group of its existing which will provide sufficient funds to operate its ongoingh business activities.
Crescent Resources CEO Arthur Fields has retiree from the company and will continue to work with the companyt in anadvisory capacity. Andrew Hede, Crescent’s chief restructuring officer, will served as CEO. Hede, a managing director with , has more than 15 years of financial restructuring andbusinessz experience. “We have been in active discussionsd with our lenders and othe r stakeholders as we work towards an agreement that will bring our capital structur e in line with the currenteconomi environment,” Hede said in a news release.
Despite the unprecedented challenges facing the realestatr industry, we believe Crescent's underlying busineszs model is solid, and our assets remainm very attractive. We are encouraged that our lenders have agreed to provids additional funding to support our continued operations and allow us to maintaijn the high level of service and amenitiea our customers have cometo expect. We intend to reach an agreemenyt on our new capital structure and emerge frombankruptch quickly.” Life insurance giant could keep Crescent Resourcew as its joint development partner on the new 20-story Phippsz Tower, commercial real estate brokers and developers have said.
And Manulife has optionxs to see the building through to brokers and developershave said. Phipps Tower is a nearl y 500,000-square-foot building next to Phipps Plazain Atlanta’es posh Buckhead area. Crescent Resources is active in commerciakl and residential real estate developmeny and land management across the Southeastg and Southwest and hascreated mixed-use business and industrial parks, country-club communities, single-family neighborhoods and apartment and condo complexes. It has 38 residential communitiese under development inthe Carolinas, Texas, Florida and Arizona, and is currentlgy building 1,200 apartment It also owns 75,000 acres of Crescent has 264 employees.
Charlotte, N.C.-based Crescent Resources -- a joing venture of and that specializesin mixed-use developments -- said the move is part of its strategy to reduce debt and improve its capital structure. The bankruptcyu filing was made inthe U.S. Bankruptcy Court in the Western Districtof Texas, Austin Before the Chapter 11 filing, Crescent faced payments of $50 milliojn by the end of this $75 million in 2010 and $100 million in 2011 on its Crescent Resources has landed $110 million in debtor-in-possession financingt from a group of its existing which will provide sufficient funds to operate its ongoingh business activities.
Crescent Resources CEO Arthur Fields has retiree from the company and will continue to work with the companyt in anadvisory capacity. Andrew Hede, Crescent’s chief restructuring officer, will served as CEO. Hede, a managing director with , has more than 15 years of financial restructuring andbusinessz experience. “We have been in active discussionsd with our lenders and othe r stakeholders as we work towards an agreement that will bring our capital structur e in line with the currenteconomi environment,” Hede said in a news release.
Despite the unprecedented challenges facing the realestatr industry, we believe Crescent's underlying busineszs model is solid, and our assets remainm very attractive. We are encouraged that our lenders have agreed to provids additional funding to support our continued operations and allow us to maintaijn the high level of service and amenitiea our customers have cometo expect. We intend to reach an agreemenyt on our new capital structure and emerge frombankruptch quickly.” Life insurance giant could keep Crescent Resourcew as its joint development partner on the new 20-story Phippsz Tower, commercial real estate brokers and developers have said.
And Manulife has optionxs to see the building through to brokers and developershave said. Phipps Tower is a nearl y 500,000-square-foot building next to Phipps Plazain Atlanta’es posh Buckhead area. Crescent Resources is active in commerciakl and residential real estate developmeny and land management across the Southeastg and Southwest and hascreated mixed-use business and industrial parks, country-club communities, single-family neighborhoods and apartment and condo complexes. It has 38 residential communitiese under development inthe Carolinas, Texas, Florida and Arizona, and is currentlgy building 1,200 apartment It also owns 75,000 acres of Crescent has 264 employees.
Sunday, 28 October 2012
Caveman Diet: Stone Age Humans Ate Less Meat Than Previously Thought ... - Huffington Post
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Caveman Diet: Stone Age Humans Ate Less Meat Than Previously Thought ... Huffington Post The findings, published in the November issue of the American Journal of Physical Anthropology, may explain why many archaeologists estimate that prehistoric people got most of their calories from lean meat or fish when modern humans would be liter » |
Friday, 26 October 2012
Business Health Care Group sees medical cost savings - The Business Journal of Milwaukee:
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Self-funded member companies saw an average increaseof 6.1 percenr in medical costs for 2007 following the organization’s secondd year with Louisville, Ky.-based insurer The however, is about 4 percent lower than the Milwaukee market trend, said Dianne Kiehl, executive directof of the Franklin-based group. Coupled with the 14 percent reduction reportedefor 2006, self-funded member companiess saved $32 million since partnering with Humana in Kiehl said. “We’ve clearly said our goal is to beat the trenfgoing forward, which we’ve done,” Kiehl said.
Numbers were reportec after anindependent third-partg research firm analyzed data from 18 of the coalition’a self-funded businesses, representing approximately 55,000 health plan members. The coalitiob lost one of its largest members, the city of in January. The city is fullt insured and goes out to bideveryt year. Humana was outbid. The group has 26 self-fundecd companies as of 2008. Self-funded companiesa accounted for 65 percent ofthe 92,000 healthg plan members enrolled in plans linked to Humana Preferred in 2007, the plan creates for the Business Health Care James Mueller, executive vice president of Hilb Roga & Hobbs, a Wauwatosa insurance broker, said the coalition’sx numbers are in line with what he’w seen with other self-funded
Self-funded member companies saw an average increaseof 6.1 percenr in medical costs for 2007 following the organization’s secondd year with Louisville, Ky.-based insurer The however, is about 4 percent lower than the Milwaukee market trend, said Dianne Kiehl, executive directof of the Franklin-based group. Coupled with the 14 percent reduction reportedefor 2006, self-funded member companiess saved $32 million since partnering with Humana in Kiehl said. “We’ve clearly said our goal is to beat the trenfgoing forward, which we’ve done,” Kiehl said.
Numbers were reportec after anindependent third-partg research firm analyzed data from 18 of the coalition’a self-funded businesses, representing approximately 55,000 health plan members. The coalitiob lost one of its largest members, the city of in January. The city is fullt insured and goes out to bideveryt year. Humana was outbid. The group has 26 self-fundecd companies as of 2008. Self-funded companiesa accounted for 65 percent ofthe 92,000 healthg plan members enrolled in plans linked to Humana Preferred in 2007, the plan creates for the Business Health Care James Mueller, executive vice president of Hilb Roga & Hobbs, a Wauwatosa insurance broker, said the coalition’sx numbers are in line with what he’w seen with other self-funded
Thursday, 25 October 2012
Denver Business Journal: Denver Commercial Real Estate Listings - View Commercial Real Estate
sasutezew.blogspot.com
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Tuesday, 23 October 2012
Kroger to build Marketplace in Harrison - The Business Journal of Milwaukee:
caloloary.blogspot.com
The acquisition revives a plan to builda 100,000-plus-square-foot superstorer along Interstate 74 in Western Hamilton Counth that was first announce d two years ago. Kroger closedd on the site May 29. It paid $3.3 milliojn to the . Jim Rahe of Cincinnati Commercial Realtors brokeredthe deal. Kroger confirmeed its plan for the Marketplace store in Harrisom but said other details were not yet It will take the place of an existinhg Krogersupermarket nearby. The Cincinnati-based grocery retailer beganb introducing Marketplace stores in Cincinnatiin 2006. The concept combines grocerie with furniture, linens, dinnerware and other non-food They compete with Walmart Supercenters.
Kroger KR) is the country’s largest operator of traditiona lgrocery stores, It operates about 2,500 supermarketes and general merchandise stores in 31
The acquisition revives a plan to builda 100,000-plus-square-foot superstorer along Interstate 74 in Western Hamilton Counth that was first announce d two years ago. Kroger closedd on the site May 29. It paid $3.3 milliojn to the . Jim Rahe of Cincinnati Commercial Realtors brokeredthe deal. Kroger confirmeed its plan for the Marketplace store in Harrisom but said other details were not yet It will take the place of an existinhg Krogersupermarket nearby. The Cincinnati-based grocery retailer beganb introducing Marketplace stores in Cincinnatiin 2006. The concept combines grocerie with furniture, linens, dinnerware and other non-food They compete with Walmart Supercenters.
Kroger KR) is the country’s largest operator of traditiona lgrocery stores, It operates about 2,500 supermarketes and general merchandise stores in 31
Monday, 22 October 2012
M&T Bank shutters six Provident Bank branches - Nashville Business Journal:
aleshnikovenil.blogspot.com
area and will take the next year and a half to decidew whether to shutter others in the region following its acquisitiojof “Over the next 18 months, we’re going to take a very studiec look at what makes sense,” said Atwood “Woody” Collines III, president and chief operating officer of M&T’s mid-Atlantic division. “We don’t have any numbere in mind,” he said, when asked aboutg possible future branch closings duringf a May 27 visit withother M&T executivea to a former Provident branch on 36th Street in “We’ll evaluate each and every one.
” Buffalo-based the second-largest bank in Greater Baltimore, completed its $401 milliob takeover of Provident, the area’s May 23. The deal expands M&T’s footpring in the region and also retirews one of the most storied names in Baltimore relegating Provident to the list of locally owned bankinggiants — like , Marylans National and First Maryland — scooped up over the year by out-of-town rivals. M&T has said it will eliminates 521 ofthe 1,600 jobs at Provident, about 29 percen t of Provident’s work force.
Most of thoser job were eliminated as of the close of business onMay 23, Phil an M&T spokesman said May 27, with “ a small number” staying on to help with the The departments affected includer human resources, banking services, finance and information Hosmer said. Workers whose jobs are being eliminated will get the firs crack at jobs at bank officialshave said. Outplacement firm DBM held a career fairfor laid-of f Provident workers on April 24 and is schedule d to hold a second one on June 24 at Martin’es West. Adding Provident’s 135 branches and its $4.
6 billiojn in deposits gives M&T 300 branches in the Baltimore-Washington area and boost its Baltimore-area market share to about 17 percent, up from 10.7 That’s second only to , which has a 25.6 perceny share of the Baltimore market. But as much as bank mergeras are about adding customersand deposits, they’rs often fueled by a desire to save on costs. Bankingt experts expect M&T to closde an unknown number ofadditional branches, especiallty in areas where M&T and formerf Provident branches are located nearby. “Wherse you have overlap, it make s sense to consolidate,” said Bert Ely, an Va.-based banking consultant.
“They’re going to try to maximizew profits, operate efficiently and grab as much market share as they Collins said that the six shuttered branches three inPrince George’s County and one each in Montgomerty County; Charles County; and Fairfax County, Va. were each within a mile of anexisting M&T In a research note on December 22, after the deal was announced, Albert Savastano, a bankinh analyst with Fox-Pitt Kelton Cochran Caronia and Waller, notee that M&T expects to be able to shavew 45 percent off Provident’s $93 million a year in operating “We would not be surprised if the cost savingsd estimates turn out to be Savastano wrote.
But as M&g looks to rein in it is also working hard to retain Provident customersd likeChris Bohaska, of Perry Hall. M&Tr dispatched about 420 workers from around its networm to descend on the region to smootjh the transition for customerslike Bohaska, 50, a Provideny customer since childhood.
area and will take the next year and a half to decidew whether to shutter others in the region following its acquisitiojof “Over the next 18 months, we’re going to take a very studiec look at what makes sense,” said Atwood “Woody” Collines III, president and chief operating officer of M&T’s mid-Atlantic division. “We don’t have any numbere in mind,” he said, when asked aboutg possible future branch closings duringf a May 27 visit withother M&T executivea to a former Provident branch on 36th Street in “We’ll evaluate each and every one.
” Buffalo-based the second-largest bank in Greater Baltimore, completed its $401 milliob takeover of Provident, the area’s May 23. The deal expands M&T’s footpring in the region and also retirews one of the most storied names in Baltimore relegating Provident to the list of locally owned bankinggiants — like , Marylans National and First Maryland — scooped up over the year by out-of-town rivals. M&T has said it will eliminates 521 ofthe 1,600 jobs at Provident, about 29 percen t of Provident’s work force.
Most of thoser job were eliminated as of the close of business onMay 23, Phil an M&T spokesman said May 27, with “ a small number” staying on to help with the The departments affected includer human resources, banking services, finance and information Hosmer said. Workers whose jobs are being eliminated will get the firs crack at jobs at bank officialshave said. Outplacement firm DBM held a career fairfor laid-of f Provident workers on April 24 and is schedule d to hold a second one on June 24 at Martin’es West. Adding Provident’s 135 branches and its $4.
6 billiojn in deposits gives M&T 300 branches in the Baltimore-Washington area and boost its Baltimore-area market share to about 17 percent, up from 10.7 That’s second only to , which has a 25.6 perceny share of the Baltimore market. But as much as bank mergeras are about adding customersand deposits, they’rs often fueled by a desire to save on costs. Bankingt experts expect M&T to closde an unknown number ofadditional branches, especiallty in areas where M&T and formerf Provident branches are located nearby. “Wherse you have overlap, it make s sense to consolidate,” said Bert Ely, an Va.-based banking consultant.
“They’re going to try to maximizew profits, operate efficiently and grab as much market share as they Collins said that the six shuttered branches three inPrince George’s County and one each in Montgomerty County; Charles County; and Fairfax County, Va. were each within a mile of anexisting M&T In a research note on December 22, after the deal was announced, Albert Savastano, a bankinh analyst with Fox-Pitt Kelton Cochran Caronia and Waller, notee that M&T expects to be able to shavew 45 percent off Provident’s $93 million a year in operating “We would not be surprised if the cost savingsd estimates turn out to be Savastano wrote.
But as M&g looks to rein in it is also working hard to retain Provident customersd likeChris Bohaska, of Perry Hall. M&Tr dispatched about 420 workers from around its networm to descend on the region to smootjh the transition for customerslike Bohaska, 50, a Provideny customer since childhood.
Sunday, 21 October 2012
Missouri unemployment worsens, but slows - Puget Sound Business Journal (Seattle):
sunrise-invoices.blogspot.com
The state’s seasonally adjusted unemployment rate increasedc to 9 percentin May, up from 8.1 perceng in April, the department reported Monday. April’ s 0.6-point decrease in unemployment nowappear anomalous, with the May increase part of an upward trends dating to mid-2008, state officials said. Approximately 272,000p Missourians were estimated to have been joblessx during the monthof May.
Nonfarm payroll employmenf decreasedby 3,700 jobs in May, markinb the smallest monthly decrease since employmenf began to drop sharply in Job losses were concentrated in manufacturing (3,700) and constructiobn (1,600), which were partly offset by gains in health care and social assistance (2,000) and local government During the past year, employment dropped by 74,300p jobs, or 2.7 percent. The main exceptionsz to the downward trend in the past year have been private educationalservices (2,500), health care and socialk assistance (6,000), federal government (2,700) and local government The national unemployment rate in May was 9.
4
The state’s seasonally adjusted unemployment rate increasedc to 9 percentin May, up from 8.1 perceng in April, the department reported Monday. April’ s 0.6-point decrease in unemployment nowappear anomalous, with the May increase part of an upward trends dating to mid-2008, state officials said. Approximately 272,000p Missourians were estimated to have been joblessx during the monthof May.
Nonfarm payroll employmenf decreasedby 3,700 jobs in May, markinb the smallest monthly decrease since employmenf began to drop sharply in Job losses were concentrated in manufacturing (3,700) and constructiobn (1,600), which were partly offset by gains in health care and social assistance (2,000) and local government During the past year, employment dropped by 74,300p jobs, or 2.7 percent. The main exceptionsz to the downward trend in the past year have been private educationalservices (2,500), health care and socialk assistance (6,000), federal government (2,700) and local government The national unemployment rate in May was 9.
4
Friday, 19 October 2012
Savage front-runner in Halifax mayoral race: polls - CTV News
adepylex.blogspot.com
CTV News | Savage front-runner in Halifax mayoral race: polls CTV News HALIFAX -- As of Saturday, the largest city in Atlantic Canada will have a new mayor. And if the polls are right, former Liberal MP Mike Savage -- son of former Nova Scotia premier John Savage -- will soon be wearing the chain of office for the Halifax ... Expert: New mayor must be a leader Just one more day of b » |
Thursday, 18 October 2012
Fed emails critical of BofA, Lewis - Kansas City Business Journal:
bertayfybuqutyp.blogspot.com
The email messages were entered into the publivc record as partof Thursday’zs hearing held by the U.S. House Committee on Oversighy andGovernment Reform. Lewis testified for aboutt three hours regardingthe government’s role in BofA’sw purchase of Merrill, saying governmen t pressure to go through with the deal was a factort in his decision. But emails from variouz high-ranking Federal Reserve officials suggest regulators thought Lewie was bluffing when he considereds backing out of theMerrill deal.
“Ken Lewis’ claim that they were surprisee by the rapid growth of thelosse (at Merrill) seems somewhat suspect,” Fed senior banking supervisor Tim Clark states an e-mail to other regulators. “Ig calls into question the adequacy of the due diligenc process BAC has been doingy in preparation forthe takeover.” Another emai from Fed counsel Scott Alvarez to Fed Chairmab Ben Bernanke says of Lewis: “Making hard decisions is what he gets paid for ... we shouldn’r take him off the One email says Lewis used the threayt to call off the Merrill merger asa “bargainin chip.” In testimony Thursday, Lewis denied using Merrill as a bargaininb chip.
Instead, he says his concerns about the dealwere justified, but bank and federakl officials agreed proceeding with the purchase using taxpayer aid was in the best interesgt of the financial system and N.C.-based BofA (NYSE:BAC).
The email messages were entered into the publivc record as partof Thursday’zs hearing held by the U.S. House Committee on Oversighy andGovernment Reform. Lewis testified for aboutt three hours regardingthe government’s role in BofA’sw purchase of Merrill, saying governmen t pressure to go through with the deal was a factort in his decision. But emails from variouz high-ranking Federal Reserve officials suggest regulators thought Lewie was bluffing when he considereds backing out of theMerrill deal.
“Ken Lewis’ claim that they were surprisee by the rapid growth of thelosse (at Merrill) seems somewhat suspect,” Fed senior banking supervisor Tim Clark states an e-mail to other regulators. “Ig calls into question the adequacy of the due diligenc process BAC has been doingy in preparation forthe takeover.” Another emai from Fed counsel Scott Alvarez to Fed Chairmab Ben Bernanke says of Lewis: “Making hard decisions is what he gets paid for ... we shouldn’r take him off the One email says Lewis used the threayt to call off the Merrill merger asa “bargainin chip.” In testimony Thursday, Lewis denied using Merrill as a bargaininb chip.
Instead, he says his concerns about the dealwere justified, but bank and federakl officials agreed proceeding with the purchase using taxpayer aid was in the best interesgt of the financial system and N.C.-based BofA (NYSE:BAC).
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