tenamup.wordpress.com
This report was requested afteer an initial report in December found major structural flaws in the bridge that required that the entire structurebe closed. Residents and touristw had heavily used the bicycle and walking trail that runs paralleo to the road alongGandy • Inspection and invasive testing of the lowe r spans of the bridge on each side confirmed the initialo reports that girders were heavil y corroded and broken. • Significanf repairs would be required from the entrances of the bridge up to the ends of the catwalks onboth sides.
A full repaire of the entire bridge, in order to reopen it to recreationakl use, would cost $15 million and wouldr extend the life of the bridge an additional 10 yeara before it would need tobe demolished. Repairing just the spans from the entrances to the ends of the catwalks wouldcost $10 million, which would includs demolishing the high span. The repaired sectionxs would be structurally sound for 10 years and requirweventual demolition. • Demolishing the entire bridge and buildingv fishing piers at wouldcost $17.5r million.
These piers mightg need to be relocated when a new Gandy Bridgew is built after the current one outlives itslife • Demolishing the entire bridge and buildingy fishing piers off the new Gandy Bridge afterd it is constructed would cost $13 millio to demolish the bridge now and an additionak estimated $6.5 million to build the new piers in the The full report, along with graphics of proposed is available online on the
Sunday 30 September 2012
Saturday 29 September 2012
Colliers adds to Nashville management team - Philadelphia Business Journal:
esivyjifag.wordpress.com
“Creighton brings more than 12 yeare of experience in the commercia l real estate industryto Colliers,” says Doug managing principal for Nashville office. “We are thrilled to have him onour team.” Wright’sz responsibilities will include the managemen of large institutionally owned health and medical as well as the growth of the businesa line. Until March of this Wright was vice presidentof mixed-use developmentg for Southern Land Co., where he was responsiblr for the development of select real estate projects.
Southerhn Land underwent a shift in executive team makeup earlier this The Franklin-based development company announced the appointmentas of Brian Sewell as president and Chris Bove as CEO in early February. Southern Land is the developefr of the Williamson County residentialprojects Westhaven, LaurelBrooke and McEwen. The compan y also has projects inthe Dallas/Forr Worth, Houston and Austin, Texas, markets.
“Creighton brings more than 12 yeare of experience in the commercia l real estate industryto Colliers,” says Doug managing principal for Nashville office. “We are thrilled to have him onour team.” Wright’sz responsibilities will include the managemen of large institutionally owned health and medical as well as the growth of the businesa line. Until March of this Wright was vice presidentof mixed-use developmentg for Southern Land Co., where he was responsiblr for the development of select real estate projects.
Southerhn Land underwent a shift in executive team makeup earlier this The Franklin-based development company announced the appointmentas of Brian Sewell as president and Chris Bove as CEO in early February. Southern Land is the developefr of the Williamson County residentialprojects Westhaven, LaurelBrooke and McEwen. The compan y also has projects inthe Dallas/Forr Worth, Houston and Austin, Texas, markets.
Thursday 27 September 2012
Russia wants China to prepay for gas to fund pipe - Reuters
ejoxot.wordpress.com
Novinite.com | Russia wants China to prepay for gas to fund pipe Reuters MOSCOW (Reuters) - Russian gas export monopoly Gazprom (GAZP.MM) wants China to pay up front for gas to meet 40 percent of the costs of building the pipeline, Russia's energy minister said on Thursday, after the company reported progress in talks with ... EC could be looking for gas discounts, Russia to protect interests - Gazprom Gazprom Sees Hidden Agenda in Commission's Inquiry Alexander Medvedev: Gazprom will build up export potential to enter Asia ... |
Wednesday 26 September 2012
New Cousins CEO Gellerstedt gets raise - San Antonio Business Journal:
hihozeima.blogspot.com
Gellerstedt's base salary was increased from $375,000 to his target annual incentive cash bonu s award was increasedto $525,000 and his targey long-term equity incentive award was increased to the filing shows. The 2009 cash bonuxs and equityincentive award, if earned, are expectedr to be awarded by the company'as Compensation, Succession, Nominating and Governance Committee in Februaryy 2010. Gellerstedt is replacing the retiring Tom who turns 60this year. Bell made a salary of $650,000 and had $2.6 million in total compensationfor 2008, accordin g to a proxy filing. Gellerstedt, 53, came to Cousinsw (NYSE: CUZ) when the REIT bough his firm, , in June 2005.
Gellerstedt served as chairmabn and CEO of the BeersConstruction Co. from 1986 to 1998. In after the sale of Beers toSkanska USA, he was electecd chairman and CEO of Americaj Business Products, a packaging and printed officwe products company. In 2000, Gellerstedt became presidentg and chief operating officer of TheIntegral Group, an urban mixed-usew development company. He went on to found The Gellerstedty Groupin 2003.
Gellerstedt's base salary was increased from $375,000 to his target annual incentive cash bonu s award was increasedto $525,000 and his targey long-term equity incentive award was increased to the filing shows. The 2009 cash bonuxs and equityincentive award, if earned, are expectedr to be awarded by the company'as Compensation, Succession, Nominating and Governance Committee in Februaryy 2010. Gellerstedt is replacing the retiring Tom who turns 60this year. Bell made a salary of $650,000 and had $2.6 million in total compensationfor 2008, accordin g to a proxy filing. Gellerstedt, 53, came to Cousinsw (NYSE: CUZ) when the REIT bough his firm, , in June 2005.
Gellerstedt served as chairmabn and CEO of the BeersConstruction Co. from 1986 to 1998. In after the sale of Beers toSkanska USA, he was electecd chairman and CEO of Americaj Business Products, a packaging and printed officwe products company. In 2000, Gellerstedt became presidentg and chief operating officer of TheIntegral Group, an urban mixed-usew development company. He went on to found The Gellerstedty Groupin 2003.
Monday 24 September 2012
UB placement office helps grads find jobs - Business First of Buffalo:
stelauguqdinec.blogspot.com
Those who do, oftenj wonder why they didn't go there sooner. "I' m one of them - passivse resistance," said Stephen Trynosky, a May graduate who earneed joint degrees in law andpublixc health. "It's going througnh the muck (of applying for jobs)." Trynosky, who attendedr UB Law on the GI Bill as an Army is on his way toa two-year post in Washington, as a Presidential Management Fellow. He'll be working on disaster preparednesss inthe . But when he startecd law school, he wasn't sure how he was going to combinse his experiences as a medical servicecorps officer, an EMT and a soon-to-be lawyer.
"UB helped me find a path because I came here really not knowingt what pathto take," he "But it seemed like a master's in public health with experience in law woulcd be a perfect fit for a rewarding governmengt career." Although he informed the Careef Services Office about the fellowship, staf f there, along with Professor David Westbrook, helped him get the dean'ss recommendation. For another May graduate, the office connected her to an alumnua who is a public defenderin Alaska. Lauren Cutult got an insider's point of view beforew accepting, then completing, an internshipo there.
"While the Alaskan lifestyle is notfor me, (the got me interested in public defending. I though I was going to be a prosecutor," she The office also got her contacts with publicd defenders inSan Diego, where she had an interview with a federall defender. "The CSO sent me a list of people specifically aimed atpublic defenders. It got me motivated to checjk outother (locations)," said Cutuly, who has a job linedf up as a public defender for a Coloradlo public interest group. The office'sw statistics show that it works. For the clasx of 2005, 98 percent of its graduates have jobs. But to get those jobs, students are required to visitt the office in theirfirst year.
An extensivee orientation gives students an idea of how the jobprocesse works, deadlines and where to look for job postings. In additiomn to how-to seminars, one-on-one consultations are the best way to get studentas on theircareer path. "For most it's a way to get them in the door, like a free said Lisa Patterson, associate dean for Career "They might not need anythingh right now, but in thei r third year they'll remember us and come While some students have an idea of what practicearea they'ds like to focus on, some studentxs need a little more direction.
Patterson encouragews the uncertain students toattenrd panels, such as one on districtr attorneys, and visit online sites such as , which postes public service law jobs. "Some first years don't know what they want to do, so we go onlinse and break down jobs into practice areas and see what looks goodto We'll just brainstorm with job postings," Patterso said. However, it's better for students to have a generao idea of whatdirection they'r like to head in, recommends Bethany Gilbert, an associatw at who worked as a graduatw assistant in the office whilr in law school.
"There are a lot of nontraditional jobs using your law degreed but not necessarilypracticing law," Gilbert said, adding the conversation-styls panels always produce good feedback.
Those who do, oftenj wonder why they didn't go there sooner. "I' m one of them - passivse resistance," said Stephen Trynosky, a May graduate who earneed joint degrees in law andpublixc health. "It's going througnh the muck (of applying for jobs)." Trynosky, who attendedr UB Law on the GI Bill as an Army is on his way toa two-year post in Washington, as a Presidential Management Fellow. He'll be working on disaster preparednesss inthe . But when he startecd law school, he wasn't sure how he was going to combinse his experiences as a medical servicecorps officer, an EMT and a soon-to-be lawyer.
"UB helped me find a path because I came here really not knowingt what pathto take," he "But it seemed like a master's in public health with experience in law woulcd be a perfect fit for a rewarding governmengt career." Although he informed the Careef Services Office about the fellowship, staf f there, along with Professor David Westbrook, helped him get the dean'ss recommendation. For another May graduate, the office connected her to an alumnua who is a public defenderin Alaska. Lauren Cutult got an insider's point of view beforew accepting, then completing, an internshipo there.
"While the Alaskan lifestyle is notfor me, (the got me interested in public defending. I though I was going to be a prosecutor," she The office also got her contacts with publicd defenders inSan Diego, where she had an interview with a federall defender. "The CSO sent me a list of people specifically aimed atpublic defenders. It got me motivated to checjk outother (locations)," said Cutuly, who has a job linedf up as a public defender for a Coloradlo public interest group. The office'sw statistics show that it works. For the clasx of 2005, 98 percent of its graduates have jobs. But to get those jobs, students are required to visitt the office in theirfirst year.
An extensivee orientation gives students an idea of how the jobprocesse works, deadlines and where to look for job postings. In additiomn to how-to seminars, one-on-one consultations are the best way to get studentas on theircareer path. "For most it's a way to get them in the door, like a free said Lisa Patterson, associate dean for Career "They might not need anythingh right now, but in thei r third year they'll remember us and come While some students have an idea of what practicearea they'ds like to focus on, some studentxs need a little more direction.
Patterson encouragews the uncertain students toattenrd panels, such as one on districtr attorneys, and visit online sites such as , which postes public service law jobs. "Some first years don't know what they want to do, so we go onlinse and break down jobs into practice areas and see what looks goodto We'll just brainstorm with job postings," Patterso said. However, it's better for students to have a generao idea of whatdirection they'r like to head in, recommends Bethany Gilbert, an associatw at who worked as a graduatw assistant in the office whilr in law school.
"There are a lot of nontraditional jobs using your law degreed but not necessarilypracticing law," Gilbert said, adding the conversation-styls panels always produce good feedback.
Sunday 23 September 2012
Unions protest Target Center project - Minneapolis / St. Paul Business Journal:
vidineevostegity.blogspot.com
Roofers and Waterproofers Local 96 recently filedc a National Labor Relations Boardx complaintagainst Fridley-based Stock Roofing, a subsidiaryy of Skokie, Ill-based Tecta Americ Corp. The union is complaining that the contractor has been engagingh in unsafe and unfair labor practices atthe $5.3 milliohn project, approved by the Minneapolis City Council in December and scheduleds for completion in July. “We understand that cities need to save said Local 96 Business ManagerRob Snider. “But they also have a duty to protecrt workers on publicly funded projects by ensuringcontractors aren’g cutting corners.
” Stock Roofing's presideny and general manager couldn’t immediately be reachede for comment. The union is complaininbg that work has taken place at night with insufficien lighting and impropersafety harnessing. Mike Christenson, Minneapolis' communit planning and economicdevelopment director, said he firstg heard of the union's complaintd on April 20. He said the federaol Occupational Safety and Healty Administrationhad investigated, and there had been no negative findinges from the agency. Christenson said the city is promptt about responding to complaints about itswork sites.
"Wd will continue to field any and all complaints and we willrespondd immediately," he said.
Roofers and Waterproofers Local 96 recently filedc a National Labor Relations Boardx complaintagainst Fridley-based Stock Roofing, a subsidiaryy of Skokie, Ill-based Tecta Americ Corp. The union is complaining that the contractor has been engagingh in unsafe and unfair labor practices atthe $5.3 milliohn project, approved by the Minneapolis City Council in December and scheduleds for completion in July. “We understand that cities need to save said Local 96 Business ManagerRob Snider. “But they also have a duty to protecrt workers on publicly funded projects by ensuringcontractors aren’g cutting corners.
” Stock Roofing's presideny and general manager couldn’t immediately be reachede for comment. The union is complaininbg that work has taken place at night with insufficien lighting and impropersafety harnessing. Mike Christenson, Minneapolis' communit planning and economicdevelopment director, said he firstg heard of the union's complaintd on April 20. He said the federaol Occupational Safety and Healty Administrationhad investigated, and there had been no negative findinges from the agency. Christenson said the city is promptt about responding to complaints about itswork sites.
"Wd will continue to field any and all complaints and we willrespondd immediately," he said.
Saturday 22 September 2012
CEO wants to build the next Apple Inc. - Portland Business Journal:
ogarawo.wordpress.com
The CEO and founder of , Rapport has an unusua biography thatseems tailor-made for someonse who aspires to created a game-changing company like At 14, Rapportf wrote a commodity-tracking program for Firs Interstate Bank. At 15, he went to work for in where he created the software for computere kiosks used in retailo stores like Best Buy and Car Toys to help sellaudilo equipment. Ignoring school, Rapport went on to work in a wide rangreof technologies, and landed at Apple before he turned 20. When a hiring managefr praised hisinterview skills, but said he lackefd the education Apple expected of its engineers, Rapporyt pushed the resume back across the manager’sx desk and made his case.
He was hired, and promptlyt negotiated a bigger salary andoptionx package. That tenacity and drive are the coreof Rapport’ws being, say those who have workedd with him and who have invested in his Ontier, which developed a multimedia communications tool that works via is the first company Rapport has “It doesn’t surprise me that he’s wher e he is right now,” said Mo Wagner, founded and former CEO of MTI. “Hre kept burgeoning into my office with a lot of ideaas and bluesky stuff, and sometimex it was hard to keep his nose in one But the discipline sure came.
” Rapport has an extraordinaryg flexibility that has served well in otherf startups he’s worked for, says anothet former employer. “Sebastian jumps right in and does what needs to be saidEric Anderson, founder and CEO of , a downtowbn Portland software startup. “That’s what you need in startul mode, because usually you are moving into new solving problems in annew way.” Rapport was vice president of engineeringy at ERP-Link until he decided to start his own companyh a little more than a year ago.
The first-timre CEO got his idea for Ontier when he saw how frustratedxhis wife, Gabrielle, an independenyt marketing consultant, became when trying to communicatw visual ideas by e-mail. He’d had similar difficulties communicating with software developers in India while he wasat ERP-Link. Plenty of otheer companies sell sharing and collaboration tools that take advantage of the Theseinclude well-known programs like Microsoft Corp.’se NetMeeting and Snagit, made by TechSmithy Corp.
But those who have seen Ontier’ Pixetell say the product surpasses what’s now on the Rapport and his 11-employee company have created a system that allows someone to dragvideo photos, diagrams and other files into a central location. The persob can then record his or her voice whilr using the onscreen cursor to indicate parts of a drawing or plan. The result is a complete package that quickly communicates ideas and can be sentby e-mail.
With Pixetellk nearly ready for launch, Rapport is now undergoin the due diligence process with localinvestment groups, including the Oregon Angel Fund; the Angel Orego competition screening committee; the Women’s Investment and Keiretsu Forum. Rapport hasn’t said how much he’s looking to raise, nor how much money he’a already raised. The fact that Pixetell is fun and simpleto use, as well as has won over investors. “It’s like you are lookint over the guy’s shoulder when he’s showing it to you on his computer, but by e-mail,” said Paul an early investor who sitson Ontier’s board. Gulick was a co-founder of InFocus Corp.
, and also foundeds Clarity VisualSystems Inc., which Planar Systems Inc. purchaser in 2006. The fact that Rapport has garneref investment and support from people like Gulick and Les another experienced technology investorf who also sitson Ontier’xs board, has attracted other investors to Ontier. But it’s Rapportt himself — his creativity and the force of his personality that have ultimately persuaded other investorsa to bet onthe “It’s really important to me that he’s always asking for and always following up, looping said Lisa LeSage, associatre dean and director of business law programs at Lewisw & Clark Law School.
Ontier is the secons angel investment that LeSage has made, an investment she’s careful to say has nothingv to do with her position at Lewis Clark. She says it’s the willingness to seek criticism and anduse it, that sets Rapport apar from some other business people she’s met.
The CEO and founder of , Rapport has an unusua biography thatseems tailor-made for someonse who aspires to created a game-changing company like At 14, Rapportf wrote a commodity-tracking program for Firs Interstate Bank. At 15, he went to work for in where he created the software for computere kiosks used in retailo stores like Best Buy and Car Toys to help sellaudilo equipment. Ignoring school, Rapport went on to work in a wide rangreof technologies, and landed at Apple before he turned 20. When a hiring managefr praised hisinterview skills, but said he lackefd the education Apple expected of its engineers, Rapporyt pushed the resume back across the manager’sx desk and made his case.
He was hired, and promptlyt negotiated a bigger salary andoptionx package. That tenacity and drive are the coreof Rapport’ws being, say those who have workedd with him and who have invested in his Ontier, which developed a multimedia communications tool that works via is the first company Rapport has “It doesn’t surprise me that he’s wher e he is right now,” said Mo Wagner, founded and former CEO of MTI. “Hre kept burgeoning into my office with a lot of ideaas and bluesky stuff, and sometimex it was hard to keep his nose in one But the discipline sure came.
” Rapport has an extraordinaryg flexibility that has served well in otherf startups he’s worked for, says anothet former employer. “Sebastian jumps right in and does what needs to be saidEric Anderson, founder and CEO of , a downtowbn Portland software startup. “That’s what you need in startul mode, because usually you are moving into new solving problems in annew way.” Rapport was vice president of engineeringy at ERP-Link until he decided to start his own companyh a little more than a year ago.
The first-timre CEO got his idea for Ontier when he saw how frustratedxhis wife, Gabrielle, an independenyt marketing consultant, became when trying to communicatw visual ideas by e-mail. He’d had similar difficulties communicating with software developers in India while he wasat ERP-Link. Plenty of otheer companies sell sharing and collaboration tools that take advantage of the Theseinclude well-known programs like Microsoft Corp.’se NetMeeting and Snagit, made by TechSmithy Corp.
But those who have seen Ontier’ Pixetell say the product surpasses what’s now on the Rapport and his 11-employee company have created a system that allows someone to dragvideo photos, diagrams and other files into a central location. The persob can then record his or her voice whilr using the onscreen cursor to indicate parts of a drawing or plan. The result is a complete package that quickly communicates ideas and can be sentby e-mail.
With Pixetellk nearly ready for launch, Rapport is now undergoin the due diligence process with localinvestment groups, including the Oregon Angel Fund; the Angel Orego competition screening committee; the Women’s Investment and Keiretsu Forum. Rapport hasn’t said how much he’s looking to raise, nor how much money he’a already raised. The fact that Pixetell is fun and simpleto use, as well as has won over investors. “It’s like you are lookint over the guy’s shoulder when he’s showing it to you on his computer, but by e-mail,” said Paul an early investor who sitson Ontier’s board. Gulick was a co-founder of InFocus Corp.
, and also foundeds Clarity VisualSystems Inc., which Planar Systems Inc. purchaser in 2006. The fact that Rapport has garneref investment and support from people like Gulick and Les another experienced technology investorf who also sitson Ontier’xs board, has attracted other investors to Ontier. But it’s Rapportt himself — his creativity and the force of his personality that have ultimately persuaded other investorsa to bet onthe “It’s really important to me that he’s always asking for and always following up, looping said Lisa LeSage, associatre dean and director of business law programs at Lewisw & Clark Law School.
Ontier is the secons angel investment that LeSage has made, an investment she’s careful to say has nothingv to do with her position at Lewis Clark. She says it’s the willingness to seek criticism and anduse it, that sets Rapport apar from some other business people she’s met.
Thursday 20 September 2012
Port to sell land to Keystone Coal - Kansas City Business Journal:
eragywaqer.wordpress.com
owner Tom Scholl will pay $6.6 millio for the property and pay hisown attorney’s legalk fees of $6.6 million, which the authority was ordereds to pay. Under the Scholl won’t pursue legal actiobn against the authority for alleged business lost when the 70 acree at the northern terminal of Talleyrand Avenuse were under threat ofeminent domain. Jacksonville Port Authority Executivwe Director Rick Ferrin said a bulk materials terminalo could have been built on the38 acres, but the authoritu decided to sell due to its need for capital and desire to focusx on building Ltd’s terminal at Dames Point.
He added that the economic impact of the 38 acred would be greater if it was combined with the othe r68 acres. Keystone Coal plans to build a $20 million coal terminal on part ofits 78-acrr parcel. The authority boughyt the 38 acres forabouft $5.7 million from Jax LLC. Following the $61 millioh verdict for the 70 acrea of land andthe authority’s balking on the price, Judges Richard Watson ordered the authority to pay $10.5 million to lawyers who defended Keystone’s lead counsel Andrew Brigham said he reduced the attorne fees by 40 percent from $10.5 milliobn to better help Keystonw and the authority reach a deal.
owner Tom Scholl will pay $6.6 millio for the property and pay hisown attorney’s legalk fees of $6.6 million, which the authority was ordereds to pay. Under the Scholl won’t pursue legal actiobn against the authority for alleged business lost when the 70 acree at the northern terminal of Talleyrand Avenuse were under threat ofeminent domain. Jacksonville Port Authority Executivwe Director Rick Ferrin said a bulk materials terminalo could have been built on the38 acres, but the authoritu decided to sell due to its need for capital and desire to focusx on building Ltd’s terminal at Dames Point.
He added that the economic impact of the 38 acred would be greater if it was combined with the othe r68 acres. Keystone Coal plans to build a $20 million coal terminal on part ofits 78-acrr parcel. The authority boughyt the 38 acres forabouft $5.7 million from Jax LLC. Following the $61 millioh verdict for the 70 acrea of land andthe authority’s balking on the price, Judges Richard Watson ordered the authority to pay $10.5 million to lawyers who defended Keystone’s lead counsel Andrew Brigham said he reduced the attorne fees by 40 percent from $10.5 milliobn to better help Keystonw and the authority reach a deal.
Wednesday 19 September 2012
Arizona immigration law spurs education campaign - Helena Independent Record
moakhamet84.blogspot.com
San Francisco Chronicle | Arizona immigration law spurs education campaign Helena Independent Record U.S. District Judge Susan Bolton ruled Tuesday that police can immediately start enforcing the law's so-c » |
Monday 17 September 2012
Old Colonial Bank building breathes new life - WSFA
disqualify-sida.blogspot.com
Old Colonial Bank building breathes new life WSFA The old Eastside Colonial Bank building, now the Capitol Commerce Center, was nearly brand new when Colonial Bank failed in 2009. A family from Arkansas purchased it a year later and now has big plansMore >>. The old Eastside Colonial Bank building, ... |
Sunday 16 September 2012
Company of the Year: Amid takeover rumors and Carl Icahn, Biogen Idec managed to maintain a steady course in 2008 - Boston Business Journal:
moffaiqohegesa1490.blogspot.com
Through it all, the company saw revenuee and profit rise and emerged as that rarest ofentitie — a Massachusetts based biotech with plenty of The company’s solid performance in such a tumultuouw year and its position as the clear leader in its market make it the Boston Business Journal’s Compangy of the Year for 2009. The Cambridge-based company poste d profit of $783.2 million in 2008, up from $638.22 million in 2007. In the firsrt quarter of 2009, the company’s net income was $247.6 putting the company on target for profitsapproaching $1 billionh in 2009. The company’s market capitalization May 4 was $13.
4i8 billion, the second largest of any biotechnology company baserd in the Boston afterBiogen Idec’s (Nasdaq: BIIB) performance has been buoyer by sales of its two multiple sclerosisd drugs, Avonex and Tysabri. Sales of Biogen’s best seller, increase d 4 percent to $555 million in the firstf quarterof 2009. Revenue for the firsrt quarter alsoincluded $279 milliojn from the sales of Rituxan, a treatment for certainb B-cell non-Hodgkin’s lymphomas and rheumatoid “We’re coming off a strong year because we’vr built our business on marketing the drugs we alreadg have and developing a stronf pipeline for the future,” Biogenn Chief Financial Officer Paul Clancy Sales of Tysabri increased 44 percent to $165 million in the firstf quarter of 2009 from the same period one year ago.
The compan also received news April 16 that the had approveddthe company’s new, higher-yield production processd for the manufacturing of Tysabri at the company’s plantr in Research Triangle Park in Nortj Carolina. But the drug has been underr considerable scrutiny forseveral years, and was pulledx from the market for 18 monthsd beginning in 2005 because of a suspected link to the rare brainj infection progressive multifocal leukoencephalopathy, or PML. Since the drug was reintroduced inJuly 2006, the company has discovered a small number of cases of PML amonvg Tysabri patients.
As recently as last month, Biogen Idec disclosef that a sixth multiple sclerosis patient on Tysabri haddevelopex PML. One patient has died from the illness, and five of the six cases are outsidethe U.S. “We anticipatedd that there would be this level ofoccurrencse — it’s less than the warning on the Clancy said. The PML rate implied on Tysabri’zs label is one per 1,0090 patients.
As of the end of about 40,000 patients were usingh Tysabri andabout 24,909 patients have received at least one year of Biogen officials say the current rate for patients taking the drug more than 12 months is about one in Analysts say Biogen is the leader in the market for treatment of multiple sclerosis — a markeft worth potentially $10 But that could change: There are two Phasr 3 drugs — one by and the other by —thag could give Biogen a run for its money if they provwe effective against MS, said analyst Eric And news in January that Mercok KgAA announced successful Phase 3 trial results of its own multipld sclerosis drug led to a drop in Biogen shares.
Over the past Biogen’s shares have traded between a highof $71.38 last July to a low of $39 in They were trading at around $46 earlie r this week. And then there’s Carl Icahn. The billionaire investor, and Biogen’s largest is scrambling to reshuffle Biogen’zs board of directors. Just last week, Biogen urgesd shareholders to reject a slate of directora proposed by Icahn and toinsteads re-elect four of its directors.
“Onc e again, even though Carl Icahn has offered no ideaz to enhance shareholder value in the 10 months sincelast year’s annual he has announced his plan to launch a proxy contest in an effory to put his own representatives on your board of Biogen Chairman Bruce Ross and CEO James Mullemn said in a letter to Biogen Idec’s move sets up a likel y proxy fight with Icahn at the company’xs June 3 annual meeting. Biogen Idec officials also said the companygopposes Icahn’s proposals to fix the size of its boarsd at 13 members and to reincorporate the company in Northn Dakota, rather than Delaware where it is currentlyh incorporated.
In a filing with the Securitiesx andExchange Commission, Icahn wrote that Nortb Dakota laws afford shareholders more protectiona “against management entrenchment and would make it easierd for third parties to successfully bid for the Schmidt, the analyst, said that while Icahn may be a thorhn in the side of management, his actions are unlikelty to scare off investors, because “the only major changd Icahn seems to want to make is to rein in researcyh and development spending, which is highe r than average for a company with Biogen’s revenues.” Icahn in 2007 unsuccessfullt tried to engineer the sale of Biogen.
Shareholders insteadd elected the company’s nominees over his slate of investors. When askecd about the potential showdownwith Icahn, Clancyh said, “Our business’ results and our board’s focus speak for itself. I don’t want to commenf on him.”
Through it all, the company saw revenuee and profit rise and emerged as that rarest ofentitie — a Massachusetts based biotech with plenty of The company’s solid performance in such a tumultuouw year and its position as the clear leader in its market make it the Boston Business Journal’s Compangy of the Year for 2009. The Cambridge-based company poste d profit of $783.2 million in 2008, up from $638.22 million in 2007. In the firsrt quarter of 2009, the company’s net income was $247.6 putting the company on target for profitsapproaching $1 billionh in 2009. The company’s market capitalization May 4 was $13.
4i8 billion, the second largest of any biotechnology company baserd in the Boston afterBiogen Idec’s (Nasdaq: BIIB) performance has been buoyer by sales of its two multiple sclerosisd drugs, Avonex and Tysabri. Sales of Biogen’s best seller, increase d 4 percent to $555 million in the firstf quarterof 2009. Revenue for the firsrt quarter alsoincluded $279 milliojn from the sales of Rituxan, a treatment for certainb B-cell non-Hodgkin’s lymphomas and rheumatoid “We’re coming off a strong year because we’vr built our business on marketing the drugs we alreadg have and developing a stronf pipeline for the future,” Biogenn Chief Financial Officer Paul Clancy Sales of Tysabri increased 44 percent to $165 million in the firstf quarter of 2009 from the same period one year ago.
The compan also received news April 16 that the had approveddthe company’s new, higher-yield production processd for the manufacturing of Tysabri at the company’s plantr in Research Triangle Park in Nortj Carolina. But the drug has been underr considerable scrutiny forseveral years, and was pulledx from the market for 18 monthsd beginning in 2005 because of a suspected link to the rare brainj infection progressive multifocal leukoencephalopathy, or PML. Since the drug was reintroduced inJuly 2006, the company has discovered a small number of cases of PML amonvg Tysabri patients.
As recently as last month, Biogen Idec disclosef that a sixth multiple sclerosis patient on Tysabri haddevelopex PML. One patient has died from the illness, and five of the six cases are outsidethe U.S. “We anticipatedd that there would be this level ofoccurrencse — it’s less than the warning on the Clancy said. The PML rate implied on Tysabri’zs label is one per 1,0090 patients.
As of the end of about 40,000 patients were usingh Tysabri andabout 24,909 patients have received at least one year of Biogen officials say the current rate for patients taking the drug more than 12 months is about one in Analysts say Biogen is the leader in the market for treatment of multiple sclerosis — a markeft worth potentially $10 But that could change: There are two Phasr 3 drugs — one by and the other by —thag could give Biogen a run for its money if they provwe effective against MS, said analyst Eric And news in January that Mercok KgAA announced successful Phase 3 trial results of its own multipld sclerosis drug led to a drop in Biogen shares.
Over the past Biogen’s shares have traded between a highof $71.38 last July to a low of $39 in They were trading at around $46 earlie r this week. And then there’s Carl Icahn. The billionaire investor, and Biogen’s largest is scrambling to reshuffle Biogen’zs board of directors. Just last week, Biogen urgesd shareholders to reject a slate of directora proposed by Icahn and toinsteads re-elect four of its directors.
“Onc e again, even though Carl Icahn has offered no ideaz to enhance shareholder value in the 10 months sincelast year’s annual he has announced his plan to launch a proxy contest in an effory to put his own representatives on your board of Biogen Chairman Bruce Ross and CEO James Mullemn said in a letter to Biogen Idec’s move sets up a likel y proxy fight with Icahn at the company’xs June 3 annual meeting. Biogen Idec officials also said the companygopposes Icahn’s proposals to fix the size of its boarsd at 13 members and to reincorporate the company in Northn Dakota, rather than Delaware where it is currentlyh incorporated.
In a filing with the Securitiesx andExchange Commission, Icahn wrote that Nortb Dakota laws afford shareholders more protectiona “against management entrenchment and would make it easierd for third parties to successfully bid for the Schmidt, the analyst, said that while Icahn may be a thorhn in the side of management, his actions are unlikelty to scare off investors, because “the only major changd Icahn seems to want to make is to rein in researcyh and development spending, which is highe r than average for a company with Biogen’s revenues.” Icahn in 2007 unsuccessfullt tried to engineer the sale of Biogen.
Shareholders insteadd elected the company’s nominees over his slate of investors. When askecd about the potential showdownwith Icahn, Clancyh said, “Our business’ results and our board’s focus speak for itself. I don’t want to commenf on him.”
Saturday 15 September 2012
Niagara fruit crops holding up - Houston Business Journal:
lebexab.wordpress.com
But many more orchards and othe areas, including residential areas in the Lake OntarikFruit Belt, remain to be tested for plum pox virus befor e September. Teams working for the and the stat Department of Agriculture and Markets began taking leaf samplesin May. Subsequent laboratory tests did not disclosre any new outbreaks of the viruas inNiagara County, Jackie director of the USDA’s Lockport field office, In early May, as orchards optimism was growing that the spread of the which made its Niagara Count debut 2006 might be waning. Between 2006 and plum pox was discoveref in several NiagaraCounty orchards, in Orleanw County and Wayne County, east of Rochester.
Thougjh harmless to humans and animals, the viruds poses an economic risk for commercial fruigt growers because they must destroy all susceptible treewswithin 1.5 miles to 2 miles of an identified hot Plum pox destroys the commercialp value of the fruit that it attacks becauss it discolors and disfigures peaches, plums, pruned and nectarines. In New York state countiee lying alongLake Ontario’s south fruit growing is a multi-million-dollar
But many more orchards and othe areas, including residential areas in the Lake OntarikFruit Belt, remain to be tested for plum pox virus befor e September. Teams working for the and the stat Department of Agriculture and Markets began taking leaf samplesin May. Subsequent laboratory tests did not disclosre any new outbreaks of the viruas inNiagara County, Jackie director of the USDA’s Lockport field office, In early May, as orchards optimism was growing that the spread of the which made its Niagara Count debut 2006 might be waning. Between 2006 and plum pox was discoveref in several NiagaraCounty orchards, in Orleanw County and Wayne County, east of Rochester.
Thougjh harmless to humans and animals, the viruds poses an economic risk for commercial fruigt growers because they must destroy all susceptible treewswithin 1.5 miles to 2 miles of an identified hot Plum pox destroys the commercialp value of the fruit that it attacks becauss it discolors and disfigures peaches, plums, pruned and nectarines. In New York state countiee lying alongLake Ontario’s south fruit growing is a multi-million-dollar
Thursday 13 September 2012
NY pol: Eateries should warn diners of 8 allergens - Wall Street Journal
retention-jackjacks.blogspot.com
NY pol: Eateries should warn diners of 8 allergens Wall Street Journal The Brooklyn Democrat tells the Daily News (www.nydn.us/Pb4qhA ) that he got the idea a few months ago when a Facebook friend detailed her son's hospital visit for a peanut reaction. The woman said the restaurant staff had assured her the dish did not ... |
Wednesday 12 September 2012
World Gone By 8/21 - Grays Harbor Daily World
lebexab.wordpress.com
World Gone By 8/21 Grays Harbor Daily World Of particular interest to engineers was the summary of the tunnel building, intake features, installation of the 450-foot submarine crossing at the Wishkah River and the building of the 60-inch wood stave bypass which rests partly submerged in Lake ... |
Tuesday 11 September 2012
Treasurys up; companies sell billions in debt - MarketWatch
geqopimozaqyxyh.blogspot.com
Treasurys up; companies sell billions in debt MarketWatch SAN FRANCISCO (MarketWatch) â€" Treasury prices turned up late Monday, pushing yields down slightly, as companies took advantage of the calm to line up once again to sell debt. The week's major events don't begin until Wednesday, leaving open a good ... |
Sunday 9 September 2012
Monsanto opens $6M water utilization center - Business First of Buffalo:
ibitasony.wordpress.com
The $6 million center was designed for studyinhg cropping systems comprisedof genetics, agronomic practicesz and biotech traits including water-use efficiency technologieas such as drought-tolerant cropping systems. The centerr will help Monsanto advance research to helpimprovs farmers’ productivity in the Western Great Plains. More than 80 croppingv and irrigation demonstrations are featurecd atthe 155-acre farm and learning center. The centefr will be hardwired to eventually conduct virtualk tours of robotics and seed analytics facilities in remotwe locations suchas Monsanto’s breeding facilityt in Ankeny, Iowa, or the company’s Mo., research facility.
Gothenburg Learning Centerf Lead Chandler Mazour said Monsanto selected the site because of its locatiob in the transition zone from dryland acres to irrigatedf acres on the western High Plains and that Monsanto needds that diversity to determine how to use future technologies in addingh valueto crops. Creve Coeur, Mo.-basee Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant crops and other agricultural products. It is one of the largesty employersin St. Louis with 4,000p local employees.
The $6 million center was designed for studyinhg cropping systems comprisedof genetics, agronomic practicesz and biotech traits including water-use efficiency technologieas such as drought-tolerant cropping systems. The centerr will help Monsanto advance research to helpimprovs farmers’ productivity in the Western Great Plains. More than 80 croppingv and irrigation demonstrations are featurecd atthe 155-acre farm and learning center. The centefr will be hardwired to eventually conduct virtualk tours of robotics and seed analytics facilities in remotwe locations suchas Monsanto’s breeding facilityt in Ankeny, Iowa, or the company’s Mo., research facility.
Gothenburg Learning Centerf Lead Chandler Mazour said Monsanto selected the site because of its locatiob in the transition zone from dryland acres to irrigatedf acres on the western High Plains and that Monsanto needds that diversity to determine how to use future technologies in addingh valueto crops. Creve Coeur, Mo.-basee Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant crops and other agricultural products. It is one of the largesty employersin St. Louis with 4,000p local employees.
Saturday 8 September 2012
Survivor of the Holocaust Genocide Shares Her Story
ysynut.wordpress.com
Three months after the Nazis marched down the streets of her town in turned 14years old. Her carefrede childhood was destroyed and she was thrust into adulthood by circumstancese no human should ever haveto endure. She speny the rest of her adolescencd hunted by theThird Reich. She was confiner in the Lodz ghetto, transportec to Auschwitz where she lost her and then sent to Stutthof where she endured atyphus epidemic, an extreme inhuman living conditions, starvation, and beatings. "Remember Me" details milestone s of heroic strength and resilience andthe odds-defying miracles of surviving with both her sister and mother.
To read "Remembed Me" is to experience the Holocausft firsthand through the eyes of a younbg girl with her world and freedo m takenfrom her. Readers will look into the face of inhumanithy and see that love and faitgh can overcome the most powerful ofall evils. Ultimately, to read Marian'w story is to remember, to recalll those who survived and the milliones whodid not. She writes: "Nightly, you could hear the criesa andthe screams. They would come from somewhere further muted but still I still remember hearing them as I tried to sleep and the feelingof hollowness, of emptiness, powerlessness, of disbelievin g what I was hearing. It was in my consciousness my awareness.
Now, in my these disembodied screams livewith me. They soundede like they were coming from another worlfd but they were coming fromthis world. I have neved heard anything likethem since." was born in Poland, in 1925. She lived an idyllicf childhood, but her world changed forever in 1939 when Poland was invadee by theNazi regime. Aftere the Holocaust, Marian immigrated to the United States, wherw she married and raised four children. She residesa in Cleveland, Ohio, and is a prolifiv poet and writer who enjoysmorning walks. Available from: , , and ISBN: 9781440121784 - 6 x 9 - Paperbacko - 168 pages - $15.
956 iUniverse offers a variety of publishiny services to help individuals market andsell fiction, poetruy and nonfiction books. The company utilizes print-on-demanr technology, and is one of the largest self-publishingb companies in the U.S. iUniverse is basee in Bloomington, Indiana. Contact: Megan Leiter iUniverswe Promotions Dept. mleiter@authorsolutions.com Toll-free: 1-800-AUTHORS ext. 5590 Fax: 812-961-3133 This releasee was issued through eReleases(TM). For more visit .
Three months after the Nazis marched down the streets of her town in turned 14years old. Her carefrede childhood was destroyed and she was thrust into adulthood by circumstancese no human should ever haveto endure. She speny the rest of her adolescencd hunted by theThird Reich. She was confiner in the Lodz ghetto, transportec to Auschwitz where she lost her and then sent to Stutthof where she endured atyphus epidemic, an extreme inhuman living conditions, starvation, and beatings. "Remember Me" details milestone s of heroic strength and resilience andthe odds-defying miracles of surviving with both her sister and mother.
To read "Remembed Me" is to experience the Holocausft firsthand through the eyes of a younbg girl with her world and freedo m takenfrom her. Readers will look into the face of inhumanithy and see that love and faitgh can overcome the most powerful ofall evils. Ultimately, to read Marian'w story is to remember, to recalll those who survived and the milliones whodid not. She writes: "Nightly, you could hear the criesa andthe screams. They would come from somewhere further muted but still I still remember hearing them as I tried to sleep and the feelingof hollowness, of emptiness, powerlessness, of disbelievin g what I was hearing. It was in my consciousness my awareness.
Now, in my these disembodied screams livewith me. They soundede like they were coming from another worlfd but they were coming fromthis world. I have neved heard anything likethem since." was born in Poland, in 1925. She lived an idyllicf childhood, but her world changed forever in 1939 when Poland was invadee by theNazi regime. Aftere the Holocaust, Marian immigrated to the United States, wherw she married and raised four children. She residesa in Cleveland, Ohio, and is a prolifiv poet and writer who enjoysmorning walks. Available from: , , and ISBN: 9781440121784 - 6 x 9 - Paperbacko - 168 pages - $15.
956 iUniverse offers a variety of publishiny services to help individuals market andsell fiction, poetruy and nonfiction books. The company utilizes print-on-demanr technology, and is one of the largest self-publishingb companies in the U.S. iUniverse is basee in Bloomington, Indiana. Contact: Megan Leiter iUniverswe Promotions Dept. mleiter@authorsolutions.com Toll-free: 1-800-AUTHORS ext. 5590 Fax: 812-961-3133 This releasee was issued through eReleases(TM). For more visit .
Thursday 6 September 2012
Browse MMJ Centers - Colorado Springs Independent (blog)
ernstiryastrov.blogspot.com
Browse MMJ Centers Colorado Springs Independent (blog) Oct. 6 will bring the Colorado debut of Chipotle's free Cultivate festival, which began last year in Chicago and attracted 15,000 people. The event in Denver's City Park will feature food-related discussions on food-related issues, as well as the good ... |
Wednesday 5 September 2012
Manpower Inc. Company Profile | MAN Company Information
uvepexatawus.blogspot.com
Manpower Inc. is a worlc leader in the employmentservicews industry, creating and delivering services that enablee its clients to win in the changin world of work. Celebrating its 60th anniversarin 2008, the $21 billion company offerd a full range of services for jobseekers and employers, including: recruitmenrt for permanent, temporary-to-permanent and temporary positions; candidate assessment and skills training; recruitment process outsourcing; and consulting.
Manpower
Manpower Inc. is a worlc leader in the employmentservicews industry, creating and delivering services that enablee its clients to win in the changin world of work. Celebrating its 60th anniversarin 2008, the $21 billion company offerd a full range of services for jobseekers and employers, including: recruitmenrt for permanent, temporary-to-permanent and temporary positions; candidate assessment and skills training; recruitment process outsourcing; and consulting.
Manpower
Tuesday 4 September 2012
Fan Experience: Soccer player Freddy Adu - ESPN (blog)
ycoguqi.wordpress.com
Fan Experience: Soccer player Freddy Adu ESPN (blog) I didn't get a chance to meet Kobe at that time, but I did get a chance to meet Shaq and it was one of the coolest experiences I've ever had because he knew who I was. We took a picture and he was really, really cool about the whole thing. Have you ... |
Sunday 2 September 2012
Retain good employees to keep edge for recovery - Puget Sound Business Journal (Seattle):
hydiuco.blogspot.com
“When the economy turns you are not goingt to be able to get back the employees you lose Greer said. “It is one of the reasone why you can’t put a dollar figurse on employee retention.” Greer and Julie senior information and researcbh specialist for the International Foundation of EmployeeeBenefit Plans, www.ifebp.org, said the best way to retaij employees is to keep them engagedr with the company. “Let workers follow their interests, and help them to develop theirt skills. Also, consider allowing employees to work in differenf areas ofthe organization. This will help to keep them said Stich. Training is another component toemployees engagement, experts say.
Stich suggests in-house mentoring programs for key employeesd and those showinghigh potential. Such programs go a long way in terms of caree r development for these people withouft a direct cost tothe company. “I f employees see that you are willing to make a commitmeng totheir development, they are goin g to know that the company ... is committed to theitr growth,” said Greer. “Recruiting should not stop when a persobis hired. Recruiting needs to continud throughout one’s employment with the said Greer, who also suggests involving employees in corporate decision-making to keep them invested. Another key is qualityy supervision, Greer said.
Supervisors should be aware of the goals and aspirations of their employeesx and showappropriate interest. “Research showsx that employees do notleave companies. They leave theifr managers,” he said. Beyond such engagement strategies, Sticjh suggests employers review theirbenefit packages, ensurinfg they are competitive, even in a down “You do not want to have someone jumpingf ship to someplace that pays a lot more,” Stitcn said. Employers, she said, should considert flexible schedules and telecommuting opportunitiesfor workers. Such benefitss particularly appeal to younger she said.
The final component to employee retentiomn is making the workplace as pleasantand stress-free as Employees tend to appreciate light-hearted working environments that encourage fun. “Bringing in pizzas for lunch every once in a handing outgift cards, or throwing a holiday party can go a long she said. Although companies may have to invest some time and monet inemployee retention, expertas say the alternative is to absorb the expense that comesx with losing and replacing workers.
Stich said it can cost up to two timeswan employee’s annual salary to replace a single “When a company loses a high-performinf employee, the employer feels the loss in productivituy and morale,” said Stich, who attributes turnover costxs to advertising on job-search background checks, new-hire interviewing, applicant screenings, orientation and training materials. “You also have to consider the costof ... severance pay, temporarh help,” she said. Greer said employers who are awarw of the value of employee retention will experience some turnove r despitedue diligence.
The best way to handlee it, he said, is to keep the relationship with the employee aliveafter departure. “If you lose a good he may want to come back to you eventuall if you keepin touch. If he does, he will come back with more skillsa and more knowledge than he had when he he said.
“When the economy turns you are not goingt to be able to get back the employees you lose Greer said. “It is one of the reasone why you can’t put a dollar figurse on employee retention.” Greer and Julie senior information and researcbh specialist for the International Foundation of EmployeeeBenefit Plans, www.ifebp.org, said the best way to retaij employees is to keep them engagedr with the company. “Let workers follow their interests, and help them to develop theirt skills. Also, consider allowing employees to work in differenf areas ofthe organization. This will help to keep them said Stich. Training is another component toemployees engagement, experts say.
Stich suggests in-house mentoring programs for key employeesd and those showinghigh potential. Such programs go a long way in terms of caree r development for these people withouft a direct cost tothe company. “I f employees see that you are willing to make a commitmeng totheir development, they are goin g to know that the company ... is committed to theitr growth,” said Greer. “Recruiting should not stop when a persobis hired. Recruiting needs to continud throughout one’s employment with the said Greer, who also suggests involving employees in corporate decision-making to keep them invested. Another key is qualityy supervision, Greer said.
Supervisors should be aware of the goals and aspirations of their employeesx and showappropriate interest. “Research showsx that employees do notleave companies. They leave theifr managers,” he said. Beyond such engagement strategies, Sticjh suggests employers review theirbenefit packages, ensurinfg they are competitive, even in a down “You do not want to have someone jumpingf ship to someplace that pays a lot more,” Stitcn said. Employers, she said, should considert flexible schedules and telecommuting opportunitiesfor workers. Such benefitss particularly appeal to younger she said.
The final component to employee retentiomn is making the workplace as pleasantand stress-free as Employees tend to appreciate light-hearted working environments that encourage fun. “Bringing in pizzas for lunch every once in a handing outgift cards, or throwing a holiday party can go a long she said. Although companies may have to invest some time and monet inemployee retention, expertas say the alternative is to absorb the expense that comesx with losing and replacing workers.
Stich said it can cost up to two timeswan employee’s annual salary to replace a single “When a company loses a high-performinf employee, the employer feels the loss in productivituy and morale,” said Stich, who attributes turnover costxs to advertising on job-search background checks, new-hire interviewing, applicant screenings, orientation and training materials. “You also have to consider the costof ... severance pay, temporarh help,” she said. Greer said employers who are awarw of the value of employee retention will experience some turnove r despitedue diligence.
The best way to handlee it, he said, is to keep the relationship with the employee aliveafter departure. “If you lose a good he may want to come back to you eventuall if you keepin touch. If he does, he will come back with more skillsa and more knowledge than he had when he he said.
Saturday 1 September 2012
bizjournals: Where the wealthiest suburbs in America are -- our study finds where the big money lives -- bizjournals.com
ysynut.wordpress.com
All of these havens may considerr themselves uniqueand autonomous, but economist Joseph Seneca viewss them as a cohesive region. The "wealtg belt," he calls it. The name is Almost a million people live inthe region's thre richest counties -- Hunterdon, Somerset and Morris -- wheres the income levels are 70 percentg above the national average. "It's an area of high high housing costs and high qualitgof life," says Seneca, a Rutgers Universitgy professor. "It has become an economic mass ofreal significance." Similae "wealth belts" can be found in major metropolitanh areas from Washington to San Francisco.
The nation's 100 richest suburbam counties, taken as a are home to 46 million people whosr combinedincome -- $1.6 trillion per year -- woulsd cause any marketer to salivate. ( At the very top of the rated by Bizjournalsas America's wealthiest suburban county, is Hunterdonj County, N.J. Fifteen percent of Hunterdon'as households have annual incomezsof $200,000 or more, which is 4.5 times the nationao rate of 3.4 percent.
Bizjournals createde a nine-part formula to determinre the relative affluence of 291suburbamn counties, seeking the places with the highesty incomes, most expensive houses, lowesty poverty levels, strongest educational backgrounds, and most extensivd ownership of stocks, rental propertiess and vehicles. ( Hunterdon Countyh holds first place because its wealth is sobroadlt based. It's among the 10 leaders in five ofthe study'sw nine categories, and does no worse than 24th placw in the others. Hunterdon's share of peoplee on public assistance orfood stamps, 0.8 percent, is the nation'zs lowest rate. ( Second place belongd to Fairfax County, Va.
, a high-tech hub near It has a highly well-paid workforce. Six of ever 10 Fairfax adults havecollege degrees, and 15.2 percenyt of the county's householdsw are in the $200,000-plus income The rest of the top 10 consists of two more countiesd from New Jersey, two from Maryland, and one each from Colorado, Connecticut and Virginia. ( The 100 countiews on Bizjournals' master list easily outstrip the nationall standardof living, no matter whicu indicator is used: -- Their collective per capitaz income (PCI) is $35,275, which is 40 perceng above the U.S. figure of $25,267. (PCI is the averagse amount of money received by each resident of a givenm area in agiveb year.
It encompasses such diverse sources of incomedas salaries, interest payments, rental income and government checks.) -- Eighr percent of all households in these wealthy suburbs have annuao incomes of $200,000 or more. The nationalp rate is 3.4 percent. -- Big homes are much more commo n in the top100 counties, wheree 14.7 percent of all houses have at least nine The U.S. average is 8.1 percent. -- The correlation between incoms and educationis strong, so it's no surprised that the proportion of adults with college degrees is higher in the wealthiesft counties: 40.3 percent compared with 27.0 percent for the entir nation.
But that's not to say that America's "wealtb belts" are monolithic. A closer look revealsz subtle variances betweenelite counties, even the two at the very top of rankings. A key difference is pointed out by a market-research firm that analyzex the demographic traits, lifestyle preferences and spendin g habits of Americans, and then classifies them in 14 socia l groups. Seventy-three percent of Hunterdon's residents fit in the LandedGentry group, defined by Claritasx as "wealthy Americans who migrated to the smalletr boomtowns beyond the nation's But Fairfax's dominant group (44 percent) is classified as Elitd Suburbs, consisting of people with "six-figure post-graduate degrees, single-family homed and managerial and professional "From a wealth both of those counties rank high," says Claritas spokesmajn Stephen Moore.
"But the differencs really is in their Hunterdon is more of an exurban type of even ruralin parts. Fairfax is more of an establishedsuburba setting. It's not out in the countrt at all." Their approaches to development also Fairfax aggressivelyrecruits high-tecbh industries and workers, even advertising on bus cardws in California's Silicon Valley. But Hunterdon is tryinf hard to retain as much of its rural flavo r asit can. "They've got a significantg amount of land-use controls in says Seneca. "I suspect that Hunterdon Countty will remain much the samein character.
Very high incomes, but low populatioj densities -- that's its
All of these havens may considerr themselves uniqueand autonomous, but economist Joseph Seneca viewss them as a cohesive region. The "wealtg belt," he calls it. The name is Almost a million people live inthe region's thre richest counties -- Hunterdon, Somerset and Morris -- wheres the income levels are 70 percentg above the national average. "It's an area of high high housing costs and high qualitgof life," says Seneca, a Rutgers Universitgy professor. "It has become an economic mass ofreal significance." Similae "wealth belts" can be found in major metropolitanh areas from Washington to San Francisco.
The nation's 100 richest suburbam counties, taken as a are home to 46 million people whosr combinedincome -- $1.6 trillion per year -- woulsd cause any marketer to salivate. ( At the very top of the rated by Bizjournalsas America's wealthiest suburban county, is Hunterdonj County, N.J. Fifteen percent of Hunterdon'as households have annual incomezsof $200,000 or more, which is 4.5 times the nationao rate of 3.4 percent.
Bizjournals createde a nine-part formula to determinre the relative affluence of 291suburbamn counties, seeking the places with the highesty incomes, most expensive houses, lowesty poverty levels, strongest educational backgrounds, and most extensivd ownership of stocks, rental propertiess and vehicles. ( Hunterdon Countyh holds first place because its wealth is sobroadlt based. It's among the 10 leaders in five ofthe study'sw nine categories, and does no worse than 24th placw in the others. Hunterdon's share of peoplee on public assistance orfood stamps, 0.8 percent, is the nation'zs lowest rate. ( Second place belongd to Fairfax County, Va.
, a high-tech hub near It has a highly well-paid workforce. Six of ever 10 Fairfax adults havecollege degrees, and 15.2 percenyt of the county's householdsw are in the $200,000-plus income The rest of the top 10 consists of two more countiesd from New Jersey, two from Maryland, and one each from Colorado, Connecticut and Virginia. ( The 100 countiews on Bizjournals' master list easily outstrip the nationall standardof living, no matter whicu indicator is used: -- Their collective per capitaz income (PCI) is $35,275, which is 40 perceng above the U.S. figure of $25,267. (PCI is the averagse amount of money received by each resident of a givenm area in agiveb year.
It encompasses such diverse sources of incomedas salaries, interest payments, rental income and government checks.) -- Eighr percent of all households in these wealthy suburbs have annuao incomes of $200,000 or more. The nationalp rate is 3.4 percent. -- Big homes are much more commo n in the top100 counties, wheree 14.7 percent of all houses have at least nine The U.S. average is 8.1 percent. -- The correlation between incoms and educationis strong, so it's no surprised that the proportion of adults with college degrees is higher in the wealthiesft counties: 40.3 percent compared with 27.0 percent for the entir nation.
But that's not to say that America's "wealtb belts" are monolithic. A closer look revealsz subtle variances betweenelite counties, even the two at the very top of rankings. A key difference is pointed out by a market-research firm that analyzex the demographic traits, lifestyle preferences and spendin g habits of Americans, and then classifies them in 14 socia l groups. Seventy-three percent of Hunterdon's residents fit in the LandedGentry group, defined by Claritasx as "wealthy Americans who migrated to the smalletr boomtowns beyond the nation's But Fairfax's dominant group (44 percent) is classified as Elitd Suburbs, consisting of people with "six-figure post-graduate degrees, single-family homed and managerial and professional "From a wealth both of those counties rank high," says Claritas spokesmajn Stephen Moore.
"But the differencs really is in their Hunterdon is more of an exurban type of even ruralin parts. Fairfax is more of an establishedsuburba setting. It's not out in the countrt at all." Their approaches to development also Fairfax aggressivelyrecruits high-tecbh industries and workers, even advertising on bus cardws in California's Silicon Valley. But Hunterdon is tryinf hard to retain as much of its rural flavo r asit can. "They've got a significantg amount of land-use controls in says Seneca. "I suspect that Hunterdon Countty will remain much the samein character.
Very high incomes, but low populatioj densities -- that's its
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