Colorado's economy grew faster in 2008, despite recession - South Florida Business Journal:

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reported Tuesday, suggesting that the recession's impacr hit Colorado later than most othet parts ofthe country. Gross domestic producgt in Colorado grewby 2.9 percent in 2008, up from 2.0 percenrt in 2007 and 2.7 percenty in 2006, the Commerce Department's Bureah of Economic Analysis (BEA) reported in its annual state-by-state breakdowbn of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highesyt among the 50 states, exceeded only by Nortyh Dakota (7.3 percent growth), Wyoming (4.4 and South Dakota (3.5 percent). The last year Colorado's economy grew faster than 2008 wasin 2005, with a 4.3 percentg GDP increase that year, BEA said.
Colorado was one of only 12 states in 2008 where the rate of growt h of GDP increased from the previous In fact, 12 states experienced GDP declines in led by Alaska with a 2.0 percenty drop. Average growth in GDP amony the 50 states slowedfrom 2.0 percent in 2007 to 0.7 percen in 2008. (The GDP-by-statwe figures differ from nationalp GDP becausedifferent state-by-state methodologt is used.) The nationwide recession officially bega n at the start of 2008. The report said the biggest contributors to the growthof Colorado's GDP in 2008 were professional and technicaol services, followed by mining, information and government.
It said the biggest drags on the state'sw economy were construction, followed by transportatiom and warehousing. .

Missouri sets unclaimed property payout record - Kansas City Business Journal:

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million paid this fiscal year. The previous record was 71,155 accountas paid, set in fiscal year 2004. The fiscalo year ends June 30. The Unclaimed Property Division inthe treasurer’s office holds abandones assets from bank accounts, stocks, bonds, insurancd policy proceeds, government refunds, utility wages from past jobs and contents of safe deposir boxes. This property is turned over to the statd byfinancial institutions, insurance companies, public agencies and other business entities if therer has been no documented transactioj or contact with the owner for five or more Some of the itemxs turned over include numberedr dollar bills from the 1930s, coins and a Princess Dianw doll.
“There is still more than $550 milliojn waiting to be claimed,” Zweifel said in a statement “We will continue to track down the ownerd of these assets througj our advertising andoutreac initiatives.” More information is available on the .

Byrd, Keller Williams team up - Triangle Business Journal:

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Byrd is heading up Keller Williams’ Cary commercial real estatr office. He and Mike Clifton, one of his colleagues at Byrd are the only employeesw in thenew office, but Byrd says he is lookinf to hire more. “I am definitel y in a recruit moderight now,” he Byrd says he hopes to employ 12 to 15 brokeres at the office withij the first year or so. “I’ve alreadyg been overrun with commercial Byrd says.
“The residential markeg sucked us all into ablack hole, but therde are still tons of opportunities if you know where to Byrd has been actively engaged with Kellerr Williams for about a month and is currentlu in the process of wrapping up the activitg that he had while at Byrd Commercial, which he foundedd in 1989. Byrd’s companyy employed five brokersin 2008. is one of the top five residentialp real estate agencies in the Triangle according to TriangleBusinesa Journal, launched its commercial division in 2008.

Silicon Valley leaders line up for 49ers' move - Houston Business Journal:

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“The City of Santa Clara shoulf be commended for their tough said Stone in a statement from the The Santa Clara City Councik voted in the wee hoursa of Wednesday morning to approve financing plans fora $937 milliom stadium for the 49ers, setting the stag e for a citywide ballot question in March. City Councilorzs Will Kennedy and Jamie McLeoxd were the only ones to side with the dissenters in the audience who opposed any public subsidgy forthe stadium.
As part of a 40-year agreement with the city officials agreed tocontribute $79 million to the including $42 million in redevelopment agency $20 million from the city-owned utility district to relocate an electricak substation near the site and $17 milliom to build a parking garage. That figurwe is well below the $222 million city officials proposeed spending on the project when it was first proposeed twoyears ago, as they cited the poor economgy and shrinking city revenue as reasonsz for a much-reduced Another $35 million woulds be raised by a tax on guests staying at any one of eighft hotels in the city's North Bayshorew redevelopment area surrounding Great America.
“You can’t help but be impresserd when you look at the deal Santaw Clara negotiated and compare it with the hundredsz of millions of dollar s that other cities throughoutr the country have invested instadiukm deals,” Stone said in the statement of support issued by regional Other members of the coalitiojn agree. “You see a stadium, but my memberss see jobs,” said Neil Struthers, the head of the Santaw Clara County BuildingTrades Council.
“Manuy good, hardworking people in the Southn Bay have been hurt by the downturn in the Right now, there aren’t many other companies like the 49era willing to invest hundreds of millions of dollarsz into a construction project that will put thousands of people back to Others who joined the statement of support include Statew Senator Elaine Alquist, State Assemblyman Joe San Jose City Councilors Pete Constant and Sam Liccardo, Silicon Valley Leadership Group CEO Carl Guardinok and San Jose Convention & Visitors Bureauj CEO Dan Fenton.

Intel to buy Wind River for $884M - Atlanta Business Chronicle:

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Intel's $11.50-per-share offer is about a 44 percenyt premium overWind River's closing price on Wednesday of $8. Wind Riverd stock lost more than half its valuer betweena 52-week high of $12.989 last August and a low of $5.61 in March. The stocko closed Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its softwarw into thousands of embeddexd systems and mobile devicex includingsmart phones, in-car "info-tainment" systems, aerospace and energy and thousands of other uses.
Wind River will operate as a whollty owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’s softwarw and services group. "Our combinationh of strengths will be of greagt benefit toWind River’s existing and future said Ken Klein, Wind River chairman, president and CEO. Foundef in 1981, Wind River has more than 1,600o employees and operations in more than 15 During its fiscal yearended Jan. 31, Wind River reporte $10.7 million in net incomew on annual revenueof $359.7 The company on Thursday posted a 21 percentf increase in net income $561,000, or 1 cent a for its first quarter despite a 6.5 percen drop in revenue to $63.
8

Iridium Satellite reports rise in income, sales - Washington Business Journal:

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The Bethesda-based mobile satellite service company’s net incomde increased 8 percent during the third quartetto $16.9 million, compared to $15. 7 million in the third quarterof 2007. As of Sept. 30, Iridiuk had approximately 309,000 subscribers worldwide, an increasr of 37 percent over the same quarter a year Revenue in the third quarterwas $88.22 million, compared to $74.2 million in the third quarter 2007, or an increase of 19 percent.
Iridium’ sales grew in all of its vertical segments, including land-based, maritime, aviation, machine-to-machine and “Our third-quarter results supporrt our position asthe fastest-growing voice and data mobil satellite services company,” said Matt Desch, Iridiuk Satellite chairman and chief executive, in a On Sept. 23, the company said it planned to combinw forceswith (AMEX: GHQ). The proceeds of the transactiob would enable Iridium to be debt free and positioner to developits next-generation satellitwe constellation.
The transaction’s closing is subject to customarty conditions, which is expected to clos e during the first half ofnext

Mobile addict parents guilty of child 'neglect' warns psychologist - Telegraph.co.uk

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Scotsman

Mobile addict parents guilty of child 'neglect' warns psychologist Telegraph.co.uk Parents who constantly fiddle with mobile phones or iPads in front of their children are guilty of “benign neglect” and risk driving them to a lifelong dependency on screens, a leading psychologist has warned. By John Bingham, Social Affairs Editor A ... Children: According to study children will have watched entire year of TV by ... stv.tv 'Mobile addicted parents guilty of child neglect' Zee News Children addicted to television face a lifetime hooked to the box say doctors ... Daily Mail  »

Puget Sound Business Journal (Seattle): Tech & Innovation : Business Advice

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Seems like 2008 left lots of peopler crying. So what does that mean for 2009? Once in a even Chicken Littleis right. The sky did fall in but that doesn't make Chicken Littlw a great strategist. Everyone is rightr sometimes. Use Chicken Little as your 2009 model at your Bambi timeis over. Capitalism has been described as "creativwe destruction." We saw lots of destructiobn last year. It's time to focusd on the creative part. How do you do that in this environment? First, change how you think.
For you'll need a battle plan, not just a business There's not one battle plan that works for but here are some universal principle for formulating your personalbattle plan: 1. DON'T FIGHTf THE LAST WAR We don't know the future, but we know this year will be differenf thanlast year, even if some 2008 problems persist durinhg 2009. Don't expect that dustin g off your 2008 plan will bring successin 2009.
Sun Tzu, in "The Art of War" advises: "What enables … the good genera l to strike and conquer, and achieve thing s beyond the reach ofordinary men, is Resources are scarce these days but spen some time and a little money getting informatiob about changes in your market and analyze how they affecft your company. 2. MIGRATION - THE HEAD IS MOVING If you'vd ever been to the Serengeti, you know that dry weathed causes millions of animals to move vast Business islike that, too. When everyonse is fat, dumb and happy in thei r establishedmarket niches, they tend to stay there. Big changese occur more out of desperationthan hope.
In timea like this, the business herd starts You're in trouble if it's heading in your Maybe your market niche has fared better than averaged in the generaleconomic downturn. That's but don't congratulate yourself yet. If you have a good you'll be facing new competitors Why? Maybe your niche was too small when other companiesd had lotsof business. Maybe they were focuse on products or customers withhigheer margins. If their other opportunities drier up, your little niche is probably looking pretty good tothem now. Assumin there are safe havens is foolish. 3.
MISFORTUNE BRINGS NEW OPPORTUNITIESd Good times bring more opportunities thantough times, but all economic conditionsw create new opportunities. Winners spot new opportunities and seize them quickedrthan others.

SeaPort launches Arkansas service - Washington Business Journal:

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The airline has landed a federa air service contract to serve four Arkansas communities from a hubin Tenn. SeaPort will receive slightly morethan $6 millioh over two years. SeaPortr will serve leisure and business travelers through threedaily round-trip flight weekdays and three round-trilp flights weekends to Jonesboro, El Dorado, and Hot Springs. The flights begi this fall. SeaPort won the contracft over severalother airlines. The agreementg is SeaPort’s first expansion outside the Pacific It now flies to andfrom Portland, Pendleton, Astoria and The Arkansas contract is similart to recent ventures SeaPort has entered into.
In SeaPort landed a two-year contract in which it will bepaid $3.2 milliomn in federal subsidies over two yearas to provide three daily flightw between Portland and Pendleton. The contracy — which can be renewed once is part ofthe ’s “essential air program aimed at keeping commercial airlinez at small airports. This SeaPort was awarded a two-yeaf contract to offer three flights a day to Astori a and two a day to SeaPort fliesa small, propeller-driven aircraft — the nine-seaty Pilatus PC-12. The privately held company doesn’t disclose revenue.

Plunging pension assets, widening funding gap pinch business plan - Tampa Bay Business Journal:

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million funding shortfall. The firm reported growing gaps betweej their pension assets and the projected cost of theier pension obligations in annual reports filed withthe . Sharpo declines in the stock market in 2008 caused the valuwe of the pension assetsto drop, just as new rulexs took effect that require increased contributiond by employers to underfunded The combination is putting the pinch on businesses An analysis by consulting firm Watson Wyatyt of the 100 largest U.S. pensionm sponsors found aggregate funding fellby $303 billion last year, going from an $86 billioj surplus in pension funds at the end of 2007 to a $217 billionn deficit at the end of 2008.
In Octobed 2007, 100 of the largest pension planw in the United States were 105percent funded, said John co-author the Milliman 100 Pension Funding Index. That droppedf to 77.2 percent funded by the end of 2008 and was down to 70 percenty funded at the endof February. Pension assets for Bay area companies were 64 percent ofthe companies’ pensiom obligations at the end of 2008, accordinhg to the information in their SEC filings. However, thosed numbers at several firms include obligations for executivezs andforeign employees, whose pensionn plans are not typically fundefd to the level of other workers, distorting the fundin ratio.
A pension shortfall impacts businesses’ financial statementes several ways, said Leon senior actuary at in St. In the year in whichj the pensionshortfall occurs, the shortfalpl shows up as an increase in liabilities on the balance cutting into shareholders’ equity and potentially affecting debt or promises a company maked to its lenders about its financial In the years after the shortfall occurs, companies have to amortize, or gradually eliminated the liability, through losses recordefd on their income statements. Among local companies, (NYSE: TE) had the largest funding gap in 2008.
TECO offers a defined benefit retirementy plan that covers substantially all ofits 4,400 employees. Pensiohn obligations totaled $555.4 million, but the plan had just $360.u million in assets as of Dec. 31. The plan was more than 100 perceng fundedat Jan. 1, 2008, but only 90 percent funded one year TECO said. The companh contributed $12 million to the plan in 2008 and will addanothee $11 million for last year, bringing total cash contributions for 2008 to $23 For 2009, the estimated minimum contribution will be $25 million, TECO TECO also will be amongf the firms required to step up contributions even furthet because of the Pension Protection Act of which requires companies to bring their plans up to 100 percent funding in sevenj years.
The new law takes effect this year, but companies can defeer paymentsto 2010, if they agree to make quarterly paymentsz at that time. As a result of the TECO said it would be requiredr to make quarterly contributions estimatedat $15 million beginning in 2010. Becauswe of the increased funding employers will haveto “sharply reducwe their work forces, freeze plans, and curtailo other benefits such as 401(k) contributions, as well as otherf business spending,” the , a Washington lobbyingf group, said in a December letter to Congress.
The groupo wants lawmakers to give companies more time to get their pension funding up to 100 Some companies are pumping more cash into their defineed benefit plan now in ordedr to reduce the volatility on their balance Smith said. Milliman expect cash contributione will double from 2008to 2009, Ehrhardgt said. The fallout also could hit workers who are coveref by the moreprevalent 401(k) defined contributionm plans.
“If companies need to contributew more the defined benefit they may need to reduce the matchj fortheir 401(k),” Smith

Hamner, UNC launch Institute for Drug Safety Sciences - Triangle Business Journal:

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Liver toxicity is a main reason for regulatoryt agencies to deny approval for new drugs or take actioh againstexisting drugs. The researchers, who are workingt at the newly formed Institutee for DrugSafety Sciences, will use a virtual modelo of a liver to test how different druges may affect the organ. The research has the potential to speedf up the drug development andtestinf process. The Institute for Drug Safeth Sciences, which opened last week and featuresa 14,000-square-footg research laboratory, will work to studyh global drug safety It is being led by Paul Watkins, the Verned S. Caviness distinguished professor of medicineat UNC.
along with his scientist colleagues, will work with members of the biomedical and pharmaceutical the U.S. Food and Drug Administration and the Nationaol Institutes of Health to develop new drugsafet initiatives. The Institute for Drug Safethy Sciences was born from an agreement signes in April 2008 between UNC and Hamner to collaborate on researcnh intodrug safety, drug development and public It is located on Hamner’z campus in Research Triangle Park.

Grand View, Penn Foundation closing their behavioral health unit - Memphis Business Journal:

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Both organizations are shifting theid behavioral health focus away from inpatient care and more towardsoutpatiengt services. Penn Foundation of Sellersville, Pa., will continuw to operate its crisis services program through the emergency departmentg ofGrand View, also in and its crisis telephone hotline will continue. Penn Foundatiojn psychiatrists will remain on staff at Grand where they will be on call to providew consultative psychiatric services to hospital An estimated14 full-time equivalent support stafr employees of Grand View and three Penn Foundation full-timd equivalent employees will lose their jobs as resulr of the change.
They will be encouragec to pursue other existing opportunities with thetwo organizations. “As key factor that has led to this decision is the very reducer level of utilization that is being experienced on the behavioralphealth unit,” said Stuart Fine, president and CEO of Grands View. “New medication regimens and restructuresd outpatient approaches to care have had a remarkable impact uponbehavioralo health.
Our inpatient service that had long attended to 12 to 16 patientsw per day is now attending to only six to eight such Penn Foundation has piloted several programs in recent years that are specificallyu designed to prevent hospitalization and to promote independenf living andcommunity involvement. The organizatiom is planning an expansion of its facilities to support the community’s growing demand for severall levels of outpatient services. “Penn Foundation and Grand View have had a closes working relationship that extends back for over 50 saidJohn Goshow, Penn Foundation CEO.
“Our organizations have coordinate d in the development and operationm of a variety of programs and This decision has been made and we will continue to cooperate in workingt to address as best we can the behaviora health needs ofarea residents.”

More workers delaying retirement - Charlotte Business Journal:

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The Virginia-based human-resources consultant says 34 perceng of workers surveyed have pushed back theirf retirement plans in thelast year. Amonb workers 50 and older, 44 percent are delayingb retirement longerthan expected. “The economic crisis has affectedmany workers’ retirement planas and nest eggs, but thosse nearest to retirement have been especially hard says Watson Wyatt (NYSE:WW) senior retirementr consultant David Speier. “Oldert workers do not have the time to offsertdeclining retirement-account values, either by recouping their investment lossesw or significantly increasing their savings rate.
” Declines in the values of 401(k) accounts ranked as the top reason for delayingg retirement. However, investment losses aren’t the only The survey says 63 percent of respondentss cited the high cost ofhealtb care; 62 percent cited higher prices for basicv necessities. The Watson Wyatt survey was conducted in Februart and includes responses from morethan 2,20p full-time workers.

EPA chief tours Denver mixed-use development - Phoenix Business Journal:

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Jackson, EPA’s administrator, and Denver Mayor John Hickenlooperttoured Highlands’ Gardens a 27-acre mixed-use project on the origina l site of Elitch Gardens amusement In 2005, Highlands’ Garden Village was awardesd the EPA National Award for Smart Growthh Achievement in the category of Overalpl Excellence. In 2007, the developmenyt received the ’s Aware of Excellence for creative land-use development and design.
In a EPA said it is working with the federal departmentxs of Transportation and Housing and Urbann Development to encourage communitieslike Highlands’ Gardebn Village that offer affordable housing and sustainablew features close to schools, markets, jobs and recreation. Garden Village is a great exampleof how, when we work we can bring about socially and environmentally responsible development,” Hickenlooper said in a “This community is a model for the country that showsz we can create an alternative to urban sprawlk and reduce greenhouse gas emissions without sacrificing our quality of

Kirk's condition improved, but skewed priorities remain unchanged - Chicago Tribune (blog)

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ABC7Chicago.com

Kirk's condition improved, but skewed priorities remain unchanged Chicago Tribune (blog) Phil Kadner reflects on the video released yesterday by Illinois Republican US Sen. Mark Kirk as he recovers from a stroke: Kirk's facing a difficult recovery process. But he's a lucky guy. Millions of Americans have no health insurance. Stroke: A Closer Look WSIL TV  »

Google Earth satellite pictures will zero in on Civil War locations - Philadelphia Business Journal:

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A $285,000 state grant will fund a program that will use Googlre Earth satellite pictures to let people study from afar sitew like CivilWar battlefields. Pennsylvania says it's the firsf state to do this. Google Earth will work in partnershilp with CarnegieMellon University, NASA, the and the Nationall Civil War Museum. The user s could see a panoramic view alongthe state's Civi l War trails or zoom in on an inscriptioh on a monument. The home of the macabre now has plans to expan d its event space and catering The , which is at 19 S. 22nd St.
, has expandef its space for specialp events and plans totargetg corporations, nonprofits and private The college hired a caterer, Caterin g By Design, of Conshohocken, and expandedd its event space, allowing dinners for 375 peoplwe and receptions for 800. "[Catering] is the cornerstone of severak new initiatives that are intended to make our fabulou facility a destination for the entirrePhiladelphia community," said Dr. Georgwe Wohlreich, director and CEO of the Collegrof Physicians. The Collegre of Physicians is home tothe country's oldesf medical society, founded in 1787.
To the public, the colleges may be best known for the whichfeatures 20,000 objects, including preservesd anatomical and pathological specimens, medical instruments, items of memorabilia and medica illustrations and photographs. Historic Laurel Hill Mansioh in Fairmount Park reopened for toure onApril 1. The Georgian-stylee house, which dates to 1767, will be open on weekendsx from now until June 30 and Wednesdays to Sundays aftefJune 30. The house is administered by the Womenm forGreater Philadelphia. Admission is $5. For more call 215-627-1770 or visit .

Dayton Metro Library eyes overhaul of its branches - Dayton Business Journal:

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The library system, which consists of 21 has begun to developp a facilities planto renovate, construct new branchex or even potentially move existingb branches. The last facilities updated to the system was the addition of the Miami Township brancyin 2000. Now with cramped buildings not meeting the needsx ofthe library's current customers, the system is working to catcuh up. The Dayton library system is an independen entity with an annual budgetof $30 milliobn and 600 employees, Executive Director Tim Kambitschb said.
Existing branches miss the mark in many casesd because they were built beforwe the demand for public technology and currentpopular media, and there is a need to Kambitsch said. "There is such a differencew between the way in which the library buildinga are being used today and the way in whicu they were meant to be used when most of these were built," he After completing a strategicx plan, published in January, the library has movedf into the development of long-term facilities phase for the The library also has started to feel out communitg support for a future bond issue or levy.
The facilitie project could cost tens of millionssof dollars, though it would dependd on the amount of community support and public funding to be raised, Kambitsch said. Without knowing how much the libraryu has towork with, officials are looking at a variety of prics options for the future of the library's facilities. The soonesf a bond or levy would be put on the ballot for votersa wouldbe 2009, the same year the library's five-year operating levy is slatefd for renewal. In 2004, voterxs approved the 1.25 mill levy to increase the library'z operating budget.
However for fear of putting two issues on the 2009 Kambitsch said the library might look to push it back dependiny on the results of community polling in Augus t after the facilities planis released. "Wde could ask people to support both at thesame time, but we wouldr run the risk of having the money to builx new facilities and not enough money to operate he said. After gathering information through communit meetings last summer to develop the strategic Kambitsch said the library was able to determine what needee to be addressed withinthe system.
Bookshelvezs throughout the library are separated by just 36 inchee ofspace (the Americans with Disabilities Act and shelves tower up to nine feet sometimes creating a crowded environmenrt for patrons. Additional spacw within the libraries would allows for branches to spread out add seating and quietreading space, places for meetingsd and areas for events and computer systems. But the statew of the economy presents a problem forthe library'ds future, creating worry for Kambitsch who saw the 'e levy fail and 's levy narrowly pass in recenyt elections.
"It is tough times for anybod looking to go on the ballot for levy or bond issue money," said Lynda Murray, directorf of government and legal services for the . Murray said there has been an increasew of Ohio libraries looking for financial supporg on ballots recently because state fundingv has been frozensincew 2001, but the percentage of librarie who win elections has remainef the same at around 75 percent.
Thinking the Dayton library has begunn workingwith , an environmentally-friendlty architectural firm out of Ann Mich, on a plan for the The architectural team is developing a needs assessment for the library'sz facilities by gathering information on existin branches and computing the additionaol square footage needed to catch up with Dayton's The focus will later be decided on a balancde between new construction and renovation. Although Kambitsch didn't want to predicg how things play out, he said moving branchews to fit the changing populatiohn in the area isone option. "That really bringw up the mostchallengin issue," Kambitsch said.
"Which is can we continuwe to have asmany branches? Because I know if we were to just take all of our curren branches and double their size, we wouldn't be able to afforsd to run them."

Produce for Better Health Foundation recognizes Schnuck Markets - St. Louis Business Journal:

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In order to achievre Retail RoleModel status, Schnucks had to meet all of the followinh criteria: provide advertising support, through both routine ads and speciak promotions provide in-store messaging via point-of-salwe materials such as bag rolls, stickers, and labels expand the brand's messags through at least one additional media form, such as an in-storwe magazine or newsletter, in-store audio consumer handout or out-of-store broadcasrt Produce for Better Healthy Foundation is a nonprofiy organization whose mission is to achieve increase d daily consumption of fruitas and vegetables. St. Louis-based Schnuck Markets Inc.
currently operates more than 100 storesdin Missouri, Illinois, Indiana, Wisconsin, Tennessee, Mississippki and Iowa.

Report: Up to 10 banks to repay TARP funds - Jacksonville Business Journal:

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The department said the institutions, which were not have met the requirements for repayment establishec by federalbanking supervisors. It noted that many bankx recently have raised equity capital from privatew investors and haveissued long-terj debt that is not guaranteed by the “These repayments are an encouraging sign of financia repair, but we still have work to Treasury Secretary Tim Geithner said. However, some mediw reports listed one or two The Wall Street Journakl reported the list of financial institutions willincludwe (NYSE: JPM), (NYSE: AXP), BK), (NYSE: COF) and (NYSE: GS). is stilp working to receive regulatoryh approval to repayits $4.
9 billion in TARP funds, said investof relations director Steve Shriner. "Clearluy we have a desird to do it," he said. "But it is a matter of gettintg some clarity on what we need to do what boxes we need tocheck — and what the regulatorsd need to see for approval." Shriner said the bank wantsz to repay its TARP funds, borrowed in two payout s last fall, "as soon as it is Some banks have been raising funds afterr the stress tests revealed they neededd to boost reserves, including SunTrust needin to raise $2.2 billion. To . More than 600 banks receive d a total ofnearly $200 billion througg the department’s Capital Purchase Program.
About $2 billion of this money was paidback previously. Under the program, bankds that repay their preferred stock can repurchase the warrante that the TreasuryDepartment holds. Besidesa the proceeds from the sales of the the department also hasreceived $4.5 billio n in dividend payments from program participants. Proceedxs from the repayments go to theTreasuryy Department’s general fund. They can be used to reduce the nationalp debt and can serve as a cushionn in case the department needzs to respond to financial emergencies in the thedepartment said. The in early May released the results from itsstres test.
The regulatory tests were designexd to project howthe country’e 19 largest banks would perform under a variety of economic scenarios by the end of 2010. • -- $33.9 billion . -- No need The • • -- $5.5 billion • -- $1.1 billion

Seasonal Skin Conditions Part 1: Spring Skin Woes - TheHorse.com

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Seasonal Skin Conditions Part 1: Spring Skin Woes TheHorse.com "Insect hypersensitivity is the most common equine allergy," says Christine Rees, DVM, Dipl. ACVD, who taught for 13 years at Texas A&M's veterinary school before opening an equine/small animal dermatology practice in Dallas.