yqyqynesara.blogspot.com
M&I Bank, which is headquartered in Milwauke but isthe fifth-largesf bank in the Twin lost $388 million in the second quarter, compared to incomw of $112 million in the first quarter of the year. It ranked 8,440th out of the nation’zs 8,451 banks reporting net income to the that In thefirst quarter, M&I reported a profit and was rankeed 31st in the country out of 8,498 banks reporting net BankFirst, headquartered in Minneapolis and part of the holdingf company, reported a loss of $50 millio n for the second adding to its losses of $13.9 million in the firs t quarter.
Ameriprise Bank in Minneapolissaw $10 million in since it’s only 2 years old, it’se not expected to be profitabled yet. “Banks are managing their businesz in achallenging cycle,” said Joe Witt, CEO of the in Edina. “Some banks took a loss, but the vast majorith are still profitable.” According to the FDIC data, 80 out of 124 Twin Citiew banks were profitable in thesecons quarter, compared to 94 out of 123 in the firsty quarter. One reason for the losses were loan-loss provisions, money that is set aside to make up for loans that have been or will bechargerd off. Many of those troubled loans are in the realestat market.
In its second-quarter earnings release, M&I reporte a loan- and lease-loss provision of $886 million because of the deterioratinvhousing market. The bank took the provision to strengthen its balance sheet in anuncertain environment, said Greg Smith, the bank’x chief financial officer, adding that M&I’s strong capital positionh allows it to take such an aggressiv e step. “We’ve seen how the residential constructio markets have deteriorated and as a part of our effort to have a fortreszbalance sheet, we’ve built that allowance for futuree losses,” he said.
BankFirst also citerd the real estate market in takingva $50 million loan-losss provision in the second quarter, bringing its total reserves to $77 million. “Conditions in the credit marketws are creating unique stresses and challengeas to lenders ofevery size,” said Dennis Mathisen, chairmabn of Marshall BankFirst, in a letter to employeess in August. “BankFirst, like most other financial institutions, is being affectecd by the credit downturn.” Charge-offs on bad where a bank writes offthe loans, also were factorxs in some of the biggest losses.
“We had a larges loss in the second quarter and we expectedr some questionsabout that,” said Lane president of North Star Bank, which reported a $1.5 milliojn loss. North Star decided in June to chargre off a large commercial and residentiaklreal estate-development loan that had gone bad as well as to shorew up its loan-loss provisions. The idea is to take the hit and have one bad thenbounce back. Peterson said North Star, whicnh was profitable in the first quarter of the should be profitable again by the end ofthe year.
This strateg y is one that many banks are taking in the face of impending bad loans, said Brad Bakken, chairman of the MBA and presidenyt and CEO of Citizens Independent Bank in St. Louiss Park. “Some are taking the opportunityh to take care of that in the second quarter and move he said. The news wasn’tf all bad for banks. Four of the seven most unprofitable Twin Citieas banks of the first quarterf swung back into the black for theseconsd quarter. They included in Dinkytown, which reported a $1.1 millionj loss for the first quarter. In the second quarter, it reportef net income of $1.7 million, putting it amonvg the most profitable TwinCitiews banks. of St.
Paul took a $7 million loss in the firstt quarter because of a bad loan to amortgag company, which was later shut down by state American, which was $360,000 in the black for the second is suing the company, calle d , and six of its executives.
Monday, 11 June 2012
Saturday, 9 June 2012
Politicians want answers as rumors swirl NCR to leave Dayton - Kansas City Business Journal:
disadvantage-unlimited.blogspot.com
Government officials said word began swirlinhg in the community Thursday thatNCR NCR) is planning to move its headquarterds and 1,300 employees to the Atlanta area and make an announcemenf about the move this week. NCR Global Spokesperson Richard Maton, speakingy by phone Saturday from London, confirmed that an effort was made forOhio Gov. Ted Stricklandf and NCR Chief Executive Officet Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturdayg that he is “continuing to reach out to the companyg to have a direc t conversation.
” When asked about NCR possiblu moving its headquarters out of Dayton, Maton said the company does not responds to rumors and speculation. NCR Corporate Spokesperso n Alan Ulman responded to questionsabout NCR’s plansx with an e-mail message Saturday that “We have no announcement today.” In the NCR has been quick to deny rumores of its relocation and affirm its commitment to remaining in The has repeatedly sought information from the company since Thursday, but NCR had not respondesd to their requests as of Friday a development department spokesperson said. Montgomery County Commissioner Dan Foley said he is frustrateds by the lackof communication.
Foley said he has askedc multiplecompany officials, via e-mail, to responf to the rumors, but has yet to receive any Foley said he, along with other county, state and city of Dayton officials, have met with NCR representative in the past in an effort to safeguare NCR’s local jobs. “All that said, nobodhy has confirmed to me that their statushas changed,” Foley said “I have to assume that -- I I very much hope -- they are stayinv in Dayton, because our citizens have helped build that compan y up to be world-class and will continue to do so.
” Rumors have long circulated that the companuy would move, however multiplw government and economic development officials said they reached a new level in the past few NCR is said to be seekiny about 100,000 square feet of officed space in Georgia, . NCR is believed to have lookede at sitesin Savannah, and Columbus, Ga. Based on the squarse footage estimates, the operation could houswe about 300 to400 people, accordin to real estate sources.
Georgia government and economic developmenty officialsremained tight-lipped on any potential In October, NCR said it would move its Worldwide Customer Services headquarters to an Atlanta investing $15 million and creating more than 900 jobs in the suburbs of Peachtree City and Deluth. The state of Georgiwa provided morethan $8 million in according to officials. NCR, founded locallh in 1884, is the Dayton region’d second largest company, with 20,000 global employees and $5.3 billioh in revenue in 2008. The company, whichj sells ATMs and retail automatiobn systems, is Dayton’s lone remaininhg Fortune 500 company.
At one the company had more than 18,000 employees in the Daytojn area, but that number has dwindled durinhg the pastseveral decades. As recentlgy as two years ago, NCR had about 2,009 Dayton employees. That number has declinef by about 700 workers in the pastsevera years. In 2007, NCR announced it was relocating its executivw offices to New York City and leasinyg an entire floor of the 7 Worlsd TradeCenter building. But, on paper, its headquartersx remained in Dayton.
In March, the compan also told employees it is undergoing a structural reorganization and would cut an unknown amount of its global Thatsame month, the company removede the language “world headquarters” from the sign at its Daytonh campus, though it said at the time it was just
Government officials said word began swirlinhg in the community Thursday thatNCR NCR) is planning to move its headquarterds and 1,300 employees to the Atlanta area and make an announcemenf about the move this week. NCR Global Spokesperson Richard Maton, speakingy by phone Saturday from London, confirmed that an effort was made forOhio Gov. Ted Stricklandf and NCR Chief Executive Officet Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturdayg that he is “continuing to reach out to the companyg to have a direc t conversation.
” When asked about NCR possiblu moving its headquarters out of Dayton, Maton said the company does not responds to rumors and speculation. NCR Corporate Spokesperso n Alan Ulman responded to questionsabout NCR’s plansx with an e-mail message Saturday that “We have no announcement today.” In the NCR has been quick to deny rumores of its relocation and affirm its commitment to remaining in The has repeatedly sought information from the company since Thursday, but NCR had not respondesd to their requests as of Friday a development department spokesperson said. Montgomery County Commissioner Dan Foley said he is frustrateds by the lackof communication.
Foley said he has askedc multiplecompany officials, via e-mail, to responf to the rumors, but has yet to receive any Foley said he, along with other county, state and city of Dayton officials, have met with NCR representative in the past in an effort to safeguare NCR’s local jobs. “All that said, nobodhy has confirmed to me that their statushas changed,” Foley said “I have to assume that -- I I very much hope -- they are stayinv in Dayton, because our citizens have helped build that compan y up to be world-class and will continue to do so.
” Rumors have long circulated that the companuy would move, however multiplw government and economic development officials said they reached a new level in the past few NCR is said to be seekiny about 100,000 square feet of officed space in Georgia, . NCR is believed to have lookede at sitesin Savannah, and Columbus, Ga. Based on the squarse footage estimates, the operation could houswe about 300 to400 people, accordin to real estate sources.
Georgia government and economic developmenty officialsremained tight-lipped on any potential In October, NCR said it would move its Worldwide Customer Services headquarters to an Atlanta investing $15 million and creating more than 900 jobs in the suburbs of Peachtree City and Deluth. The state of Georgiwa provided morethan $8 million in according to officials. NCR, founded locallh in 1884, is the Dayton region’d second largest company, with 20,000 global employees and $5.3 billioh in revenue in 2008. The company, whichj sells ATMs and retail automatiobn systems, is Dayton’s lone remaininhg Fortune 500 company.
At one the company had more than 18,000 employees in the Daytojn area, but that number has dwindled durinhg the pastseveral decades. As recentlgy as two years ago, NCR had about 2,009 Dayton employees. That number has declinef by about 700 workers in the pastsevera years. In 2007, NCR announced it was relocating its executivw offices to New York City and leasinyg an entire floor of the 7 Worlsd TradeCenter building. But, on paper, its headquartersx remained in Dayton.
In March, the compan also told employees it is undergoing a structural reorganization and would cut an unknown amount of its global Thatsame month, the company removede the language “world headquarters” from the sign at its Daytonh campus, though it said at the time it was just
Friday, 8 June 2012
Haws, Four Johnnies Return from USA All-Star Tour in Brazil - Saint John's University Athletics
yzirapogyg.wordpress.com
Haws, Four Johnnies Return from USA All-Star Tour in Brazil Saint John's University Athletics From LR: Matt Carson, Joe Balder, former head coach Pat Haws, Calvin Koep and Austin Parker. COLLEGEVILLE, Minn. â€" Four Saint John's University soccer student-athletes and former head coach Pat Haws were members of the 2012 USA D-III All-Star team that ... |
Wednesday, 6 June 2012
Privacy study shows Google
xoqylyjibo.wordpress.com
Using trackers called “wevb bugs,” third parties collect user data from many populadrweb sites, and sites often allows this, even though their privacy policies say they don’ft share user data with others. “Web bugs from Googlre and its subsidiaries were foun on 92 of the top 100 Web sites and 88 percent of theapproximatelyg 400,000 unique domains examinede in the study,” the authords found. Sites with the most web bugs were forblogginb — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itself was No. 3.
Ashkamn Soltani, Travis Pinnick and Joshua Gomez ofthe university’s information schoolp wrote the study, published Monday. They analyzer privacy policies posted on web site s and found loopholes used by many site operators to allow third parties to still collect data on whoviewas pages. They also for example, that although web sites may reassurd visitorsthat “we don’t sharde data with third parties,” thosew third parties don’t include a company’s affiliates Google (NASDAQ: GOOG), for example, has 137 subsidiary “The law on affiliate sharing generally is more permissive” than that on sharinfg user data with third party companies, the report said.
Companies controlling the top 50 busiest web sites had an averagr of 297 affiliates meaning they could share user data with a lot ofothef companies. Popular site , for is owned by New York’s (NASDAQ: NWS), whichu has more than 1,500 (NYSE: BAC) in Charlotte has more than 2,30o0 subsidiaries. “Users do not know and cannot learnj the full range of affiliates with whichg websites mayshare information,” the report said.
Though many Internetr users are familiar with used to study their surfing they are less familiarwith so-called “we bugs,” which can’t be cleared out of a web since they are part of a web site’s HTML Since the web bugs are created directlty by third parties, their use doesn’t strictlh count as “sharing” of data by the web site’s owner, though users concerned about privacy may be unimpresse d by this technicality. “We believe that this practicedcontravenes users’ expectations; it makes little sense to disclaim formak information sharing, but allow functionally equivalent tracking with third the report said.
Who's in charge of privacy Although surveys of Internet users show peopleare “veryh concerned about privacy and do not want websites to collecgt and share their personal information without sifting through privacy policies is not practical. It would take 200 hoursa a year for a typicao person to read the privacy policies of all the web sites they for example. Thus “users have no practicao way of knowing with whom theirr data willbe shared.” On the policy the report finds “no one knoww who is in charge of protecting privacy” in the Unitesd States.
People can complain to the Federal Trade Commission andother agencies, but even the FTC’z “principles for behavioral tracking make no mention of any enforcementr or accountability.” A low number of complaints to variou s agencies means consumers don’t really know where to complain, the report said. The FTC looks at onlinre privacy more in termsof “harms” done to the report said, rather than also in terms of control over personapl information, which is what most users care about. The repor makes several suggestionsfor improvement, including more aggressivs action by the FTC to protectg online privacy.
It also call s for clearer privacy policies onweb sites, writtebn so that average users can understand ’s (NASDAQ: ADBE) privacy policy, for when analyzed for readability, was written at an equivalent grade leveo of 17.29. The average privacy policy in the study was writtem at a grade levelof 13.83. The full studg can be found .
Using trackers called “wevb bugs,” third parties collect user data from many populadrweb sites, and sites often allows this, even though their privacy policies say they don’ft share user data with others. “Web bugs from Googlre and its subsidiaries were foun on 92 of the top 100 Web sites and 88 percent of theapproximatelyg 400,000 unique domains examinede in the study,” the authords found. Sites with the most web bugs were forblogginb — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itself was No. 3.
Ashkamn Soltani, Travis Pinnick and Joshua Gomez ofthe university’s information schoolp wrote the study, published Monday. They analyzer privacy policies posted on web site s and found loopholes used by many site operators to allow third parties to still collect data on whoviewas pages. They also for example, that although web sites may reassurd visitorsthat “we don’t sharde data with third parties,” thosew third parties don’t include a company’s affiliates Google (NASDAQ: GOOG), for example, has 137 subsidiary “The law on affiliate sharing generally is more permissive” than that on sharinfg user data with third party companies, the report said.
Companies controlling the top 50 busiest web sites had an averagr of 297 affiliates meaning they could share user data with a lot ofothef companies. Popular site , for is owned by New York’s (NASDAQ: NWS), whichu has more than 1,500 (NYSE: BAC) in Charlotte has more than 2,30o0 subsidiaries. “Users do not know and cannot learnj the full range of affiliates with whichg websites mayshare information,” the report said.
Though many Internetr users are familiar with used to study their surfing they are less familiarwith so-called “we bugs,” which can’t be cleared out of a web since they are part of a web site’s HTML Since the web bugs are created directlty by third parties, their use doesn’t strictlh count as “sharing” of data by the web site’s owner, though users concerned about privacy may be unimpresse d by this technicality. “We believe that this practicedcontravenes users’ expectations; it makes little sense to disclaim formak information sharing, but allow functionally equivalent tracking with third the report said.
Who's in charge of privacy Although surveys of Internet users show peopleare “veryh concerned about privacy and do not want websites to collecgt and share their personal information without sifting through privacy policies is not practical. It would take 200 hoursa a year for a typicao person to read the privacy policies of all the web sites they for example. Thus “users have no practicao way of knowing with whom theirr data willbe shared.” On the policy the report finds “no one knoww who is in charge of protecting privacy” in the Unitesd States.
People can complain to the Federal Trade Commission andother agencies, but even the FTC’z “principles for behavioral tracking make no mention of any enforcementr or accountability.” A low number of complaints to variou s agencies means consumers don’t really know where to complain, the report said. The FTC looks at onlinre privacy more in termsof “harms” done to the report said, rather than also in terms of control over personapl information, which is what most users care about. The repor makes several suggestionsfor improvement, including more aggressivs action by the FTC to protectg online privacy.
It also call s for clearer privacy policies onweb sites, writtebn so that average users can understand ’s (NASDAQ: ADBE) privacy policy, for when analyzed for readability, was written at an equivalent grade leveo of 17.29. The average privacy policy in the study was writtem at a grade levelof 13.83. The full studg can be found .
Tuesday, 5 June 2012
Why One Black Minister Is Risking His Church to Support Gay Marriage - The Atlantic
ekaterinaiuvo.blogspot.com
The Atlantic | Why One Black Minister Is Risking His Church to Support Gay Marriage The Atlantic By Jennie Rothenberg Gritz Reverend Oliver White's acceptance of homosexuality has already lost him two thirds of his congregation. Now he's in danger of losing his building. Here's why he won't back down. Twenty-two years ago, Reverend Oliver White ... |
Sunday, 3 June 2012
Bruins assuming Tim Thomas will not return in 2012-13 - Boston.com (blog)
ysynut.wordpress.com
Boston Globe | Bruins assuming Tim Thomas will not return in 2012-13 Boston.com (blog) By Fluto Shinzawa, Globe Staff Bruins GM Peter Chiarelli confirmed that Tim Thomas is seriously considering not playing in 2012-13. It is Thomas's last season on his four-year, $20 million contract. “As of right now, I'm operating under the premise ... Bru ins assuming Thomas won't return next season The Sports Sunday Crew on the Tim Thomas Situation: Is he More Tradeable Now? Boston Bruins: Could Tim Thomas Sitting Out Actu » |
Saturday, 2 June 2012
Maryland construction industry tries for image boost with center at Towson University - Baltimore Business Journal:
zuloraxelewo.blogspot.com
The goal of the Maryland Center for Constructiojn Education and Innovation is to create a roadmap for prospectivde construction workers on how to enter the industrt and earn various levels of training andadvance degrees. The center will be housed at . Maryland’s construction industry is suffering from a shortage of qualifie employees and an agingwork force, executives and the center will aim to make the industrh attractive again. The average age of a construction workefr in Marylandis 47, according to Maryland Departmenrt of Labor, Licensing and Regulation. Construction is Maryland’sz fifth-largest private employer with nearluy 190,000 workers, or 7.
4 percent of the state’s work And the need for skillesd workers is expected to increase with technology the green building movement andthe $6 billion worth of militaryg construction projects happening statewide. “Therw is a great demand for skille d man powerright now,” said Ron state commissioner of labor and industry. “The centee is going to be a great tool for people trying to decide what they want to do in the With an annual budgetof $300,000, the cented is expected to open this Initial funding will come from the , the construction companies and various foundations. The center will also competer for federal stimulus saidMartin G. Knott Jr.
, a member of the Governor’ss Workforce Investment Board and head ofthe state’s Constructiom Initiative Task Force. The center will partnerr with the Maryland Business Roundtable for Educatiomn on securing industry experts to speak in The National Center for Construction Educatiohn and Research in Florida has asimilar focus, said Presiden t Don Whyte. A lot of Maryland firms currentlh recruit from out of state and the centee will act as a local feeder Knott said. “We need to create a pipeline for said Knott, president of Knott Mechanical in “How do you create a pipeline? Well you have to have a syste to walk into.
”
The goal of the Maryland Center for Constructiojn Education and Innovation is to create a roadmap for prospectivde construction workers on how to enter the industrt and earn various levels of training andadvance degrees. The center will be housed at . Maryland’s construction industry is suffering from a shortage of qualifie employees and an agingwork force, executives and the center will aim to make the industrh attractive again. The average age of a construction workefr in Marylandis 47, according to Maryland Departmenrt of Labor, Licensing and Regulation. Construction is Maryland’sz fifth-largest private employer with nearluy 190,000 workers, or 7.
4 percent of the state’s work And the need for skillesd workers is expected to increase with technology the green building movement andthe $6 billion worth of militaryg construction projects happening statewide. “Therw is a great demand for skille d man powerright now,” said Ron state commissioner of labor and industry. “The centee is going to be a great tool for people trying to decide what they want to do in the With an annual budgetof $300,000, the cented is expected to open this Initial funding will come from the , the construction companies and various foundations. The center will also competer for federal stimulus saidMartin G. Knott Jr.
, a member of the Governor’ss Workforce Investment Board and head ofthe state’s Constructiom Initiative Task Force. The center will partnerr with the Maryland Business Roundtable for Educatiomn on securing industry experts to speak in The National Center for Construction Educatiohn and Research in Florida has asimilar focus, said Presiden t Don Whyte. A lot of Maryland firms currentlh recruit from out of state and the centee will act as a local feeder Knott said. “We need to create a pipeline for said Knott, president of Knott Mechanical in “How do you create a pipeline? Well you have to have a syste to walk into.
”
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