EarthTechling | Hydroleaf Concept Purifies Solar Water EarthTechling A new concept design from Mostafa Bonaka of Tehran, Iran, uses the power of the sun to purify rainwater on site, while providing urban shelter and street ... Hydroleaf solar-powered water dispenser collects and purifies rainwater |
Wednesday, December 29, 2010
Hydroleaf Concept Purifies Solar Water - EarthTechling
andreychukuze.blogspot.com
Monday, December 27, 2010
Take advantage of the benefits of business ownership - Puget Sound Business Journal (Seattle):
firefighting-stringers.blogspot.com
That creates a paradox. Despitre the fact that the client wants to someday maximizew the value ofthis asset, most business ownera and entrepreneurs never take advantage of all of the benefitx that business ownership can provide. • Retirement plannin g — The Employee Retirement Securithy Act of 1974 set minimum standards for qualifiedretirement plans. In many this law can result in reverswdiscrimination — a situationn in which lower-paid employees can save a greater percentage of thei r income than higher-paid employees or owners. For the maximum amount of contributions to a plan in 2009is $16,500 ($21,500 if a person is over 50).
This meanx that an employee earning $50,000 can save 33 percenft of income, whereas an employee or ownef earning $500,000 is eligible to contribute only a little more than 3 percenof income. This results in discriminationb because the highly compensatedindividual won’t be able to replacr the same percentage of income at In order to compensate for these owners often will adopt a nonqualifierd executive benefit plan to allow owners and key employeeds the opportunity to defer additional money for There are several variations of nonqualified plans, and they can be designec to allow employer contributions, employee deferrals or both.
It’s important to note that there are restrictions arounddeferring compensation, most of whic h are governed under IRC 409A. • Disabilityy protection — Most business owners offer some short- and long-termj disability insurance as a fringe benefit totheird employees. These benefits typically pay a replacement ratiko of approximately 60 percentof income, to a maximum of $10,000 to $15,000 a However, these benefits also often result in providing a lower incomed replacement ratio for key employees or owners.
Assuming a $15,00 0 cap, an employee earning $500,000 would replac e just 36 percent oftheir It’s possible to solve this shortfall by carving out the owners and key executives, and providr additional disability benefits. • Life insurance protectionb — Business owners often face the same limitationsd with life insurance benefits as they do with theid retirement anddisability plans. Again, it’s possible to constructg a separate plan for ownerxs orkey employees, using either term or permanent life insurancs contracts. Life insurance contracts that accumulate cash values oftenm are used in combination with some of the retiremen tplan solutions.
• Continuation planningf — At some point, all business ownerd physically can’t, or won’t, want to continue to work in theidr business. Whether this is caused by the desiresto retire, a disability or a death, there are severakl important questions to consider. (1) Who will buy or take over the businese at deathor retirement? (2) How will the sale be financed?? (3) How much value will be received by the businessd owner and/or their family? (4) Who will managw the business in the event of a disability ? (5) Where will the liquidity come from to keep the businessd running in the event of a disability?
(6) If any or all of theses issues have been addressed, are the solutions documented It’s advisable for all business ownere to have a writtenm business continuation plan to address all of thess realities. The best advice for anyone engagingf in a new venture is to know the rules of the know what the financialstakes are, and know what the exit plan is if thingsx don’t work out. This will ensure that there will be a minimaol number of surprises for the the familyand employees. These are importang considerations in all stages of and these solutions can be scaled and revised as the businesz growsand prospers.
Business owners have a tendency to throw everything back into theit businessbecause it’s often the best return on their but many do so without ever diversifying or taking any chips off the table. These are simple strategiee to help manage risk during the questfor
That creates a paradox. Despitre the fact that the client wants to someday maximizew the value ofthis asset, most business ownera and entrepreneurs never take advantage of all of the benefitx that business ownership can provide. • Retirement plannin g — The Employee Retirement Securithy Act of 1974 set minimum standards for qualifiedretirement plans. In many this law can result in reverswdiscrimination — a situationn in which lower-paid employees can save a greater percentage of thei r income than higher-paid employees or owners. For the maximum amount of contributions to a plan in 2009is $16,500 ($21,500 if a person is over 50).
This meanx that an employee earning $50,000 can save 33 percenft of income, whereas an employee or ownef earning $500,000 is eligible to contribute only a little more than 3 percenof income. This results in discriminationb because the highly compensatedindividual won’t be able to replacr the same percentage of income at In order to compensate for these owners often will adopt a nonqualifierd executive benefit plan to allow owners and key employeeds the opportunity to defer additional money for There are several variations of nonqualified plans, and they can be designec to allow employer contributions, employee deferrals or both.
It’s important to note that there are restrictions arounddeferring compensation, most of whic h are governed under IRC 409A. • Disabilityy protection — Most business owners offer some short- and long-termj disability insurance as a fringe benefit totheird employees. These benefits typically pay a replacement ratiko of approximately 60 percentof income, to a maximum of $10,000 to $15,000 a However, these benefits also often result in providing a lower incomed replacement ratio for key employees or owners.
Assuming a $15,00 0 cap, an employee earning $500,000 would replac e just 36 percent oftheir It’s possible to solve this shortfall by carving out the owners and key executives, and providr additional disability benefits. • Life insurance protectionb — Business owners often face the same limitationsd with life insurance benefits as they do with theid retirement anddisability plans. Again, it’s possible to constructg a separate plan for ownerxs orkey employees, using either term or permanent life insurancs contracts. Life insurance contracts that accumulate cash values oftenm are used in combination with some of the retiremen tplan solutions.
• Continuation planningf — At some point, all business ownerd physically can’t, or won’t, want to continue to work in theidr business. Whether this is caused by the desiresto retire, a disability or a death, there are severakl important questions to consider. (1) Who will buy or take over the businese at deathor retirement? (2) How will the sale be financed?? (3) How much value will be received by the businessd owner and/or their family? (4) Who will managw the business in the event of a disability ? (5) Where will the liquidity come from to keep the businessd running in the event of a disability?
(6) If any or all of theses issues have been addressed, are the solutions documented It’s advisable for all business ownere to have a writtenm business continuation plan to address all of thess realities. The best advice for anyone engagingf in a new venture is to know the rules of the know what the financialstakes are, and know what the exit plan is if thingsx don’t work out. This will ensure that there will be a minimaol number of surprises for the the familyand employees. These are importang considerations in all stages of and these solutions can be scaled and revised as the businesz growsand prospers.
Business owners have a tendency to throw everything back into theit businessbecause it’s often the best return on their but many do so without ever diversifying or taking any chips off the table. These are simple strategiee to help manage risk during the questfor
Friday, December 24, 2010
Zeevex signs deal with Beckett Media - Atlanta Business Chronicle:
http://www.aspma.com/movies/download/movie_zapped/
The startup has inked a deal with Dallas-based to providse a virtual currency micropayment In a digital age where readers expect their newsfor "old-school" media is flirting with the concep of micropayments -- allowing readerxs to pay for only the articleds they read, rather than an all-you-can-read subscription. Zeevez was launched last year by three videi game and socialnetwork executives. The startup has raisesd an undisclosed amount of seed financinvg and is considering another roundthis summer. While Zeevedx targets gamers with itsvirtual it's not quite clear if it will get mainstrean traction -- either from or the media.
Zeevex has developed an open virtual currency aimef at the onlinegamer market. Beckett Media focusea on that same niche, with more than 30 Readers of Beckettpublications -- whicu include sports and specialty markert collectible magazines -- will be able to purchase new and archived contentt using Zeevex's virtual currency. Users can also purchase articles for then request Zeevex deliver them across social networks such as Facebookand MySpace. Zeevex provides a payment optiojn for the 30 million gamerswho don't have accessd to credit cards or PayPal marketing chief Dean Gebert said.
While Zeevex fills a need for those 30million under-agd and unbanked gamers, the game-changer lies in the startup'sz ability to shift from nichee to a mass-market. "We are really targeting gamerxswho don't have any option," he Starting July 1, consumers can buy a Zeevex Gift Card in more than 20,00o0 U.S. retailers such as Blockbuster, convenience stores and big-bos retailers. Zeevex is in late-stage negotiations with Best Buy. The Zeevexd card is redeemed for online tokensat Zeevex.co and can be spent like cash at Zeevex’s partner sites and locations. $1 of Zeevex Gift Card valus gets you 100Zeev tokens.
Credity cards are not cost-effective for smallp micropayments -- which range from a few cent to a fewdollars -- because of transactioh and processing fees, Gebert said. Using Zeevex, the content creatore pockets about 65 percent to 67 percent of thetransactionm amount, Gebert said. Zeevex, takes a 7 percen t to 12 percent ofthe transaction, with the retailer taking the rest. While Zeevex's virtual currencyh gives gamers anotherpayment option, what'se not as clear is whether the Zeevex'sa payment model will find adoption among mainstrean users and media.
As a mainstream user, paying for an articles using a credit cardor Paypal, seemsa simpler than having to bother with buyingb the Zeevex card and then redeeming it for tokens. Gebert concedeas that getting mainstream mediato buy-ihn will be a challenge and that Zeevex'as gift-card model creates a "point of frictiomn in the process" for some users.
The startup has inked a deal with Dallas-based to providse a virtual currency micropayment In a digital age where readers expect their newsfor "old-school" media is flirting with the concep of micropayments -- allowing readerxs to pay for only the articleds they read, rather than an all-you-can-read subscription. Zeevez was launched last year by three videi game and socialnetwork executives. The startup has raisesd an undisclosed amount of seed financinvg and is considering another roundthis summer. While Zeevedx targets gamers with itsvirtual it's not quite clear if it will get mainstrean traction -- either from or the media.
Zeevex has developed an open virtual currency aimef at the onlinegamer market. Beckett Media focusea on that same niche, with more than 30 Readers of Beckettpublications -- whicu include sports and specialty markert collectible magazines -- will be able to purchase new and archived contentt using Zeevex's virtual currency. Users can also purchase articles for then request Zeevex deliver them across social networks such as Facebookand MySpace. Zeevex provides a payment optiojn for the 30 million gamerswho don't have accessd to credit cards or PayPal marketing chief Dean Gebert said.
While Zeevex fills a need for those 30million under-agd and unbanked gamers, the game-changer lies in the startup'sz ability to shift from nichee to a mass-market. "We are really targeting gamerxswho don't have any option," he Starting July 1, consumers can buy a Zeevex Gift Card in more than 20,00o0 U.S. retailers such as Blockbuster, convenience stores and big-bos retailers. Zeevex is in late-stage negotiations with Best Buy. The Zeevexd card is redeemed for online tokensat Zeevex.co and can be spent like cash at Zeevex’s partner sites and locations. $1 of Zeevex Gift Card valus gets you 100Zeev tokens.
Credity cards are not cost-effective for smallp micropayments -- which range from a few cent to a fewdollars -- because of transactioh and processing fees, Gebert said. Using Zeevex, the content creatore pockets about 65 percent to 67 percent of thetransactionm amount, Gebert said. Zeevex, takes a 7 percen t to 12 percent ofthe transaction, with the retailer taking the rest. While Zeevex's virtual currencyh gives gamers anotherpayment option, what'se not as clear is whether the Zeevex'sa payment model will find adoption among mainstrean users and media.
As a mainstream user, paying for an articles using a credit cardor Paypal, seemsa simpler than having to bother with buyingb the Zeevex card and then redeeming it for tokens. Gebert concedeas that getting mainstream mediato buy-ihn will be a challenge and that Zeevex'as gift-card model creates a "point of frictiomn in the process" for some users.
Wednesday, December 22, 2010
Bakers issued
http://affinitysetters.com/siteindex.htm
“Although we are disappointed withour auditors’ report that will be filexd in our Form 10-K, we understanxd that their professional standards limit theirr ability to assume continue positive sales and operating trends,” he said in a “We strongly and respectfully disagree with this view of our We foresee positive sales trends continuing duringt fiscal 2009. In addition, we believe ’ws decision to amend and extend our credi agreement demonstrates their confidence in and continued supporftfor Bakers.” Bakers reported Wednesday that its sales increased in the fourtg quarter but its profit dropped. Sales were $55.5 up 1.3 percent from $54.
7 million durinhg the same quarter ayear ago. Comparable store sales increased 3.6 percent, compared to a decrease of 6.8 percent in the prior-year period. But profift dropped to $500,000, down from $7.3 millionj in the fourth quarter last which included a gainof $4.8 millionj from the early termination of an operating For the fiscal year ended Jan. 31, Bakersw posted sales of $183.y7 million, down from $186.3 million the previous year, and comparable stores sales increased 0.5 percent, compared to a 12.3 percenf decrease in fiscal 2007. For the company lost $15 million, compared to a loss of $17.u7 million in fiscal 2007.
Bakers also announceds Wednesday that it has promoted CharlesDaniel III, currentlyu its vice president of finance, to executive vice presidengt and chief financial officer. St. Louis-basexd Bakers Footwear Group (Nasdaq: BKRS) is a mall-basedd retailer of moderately pricedf footwear and accessoriesfor women. It operates storea under the Bakers and WildPair names, with 240 storesa open.
“Although we are disappointed withour auditors’ report that will be filexd in our Form 10-K, we understanxd that their professional standards limit theirr ability to assume continue positive sales and operating trends,” he said in a “We strongly and respectfully disagree with this view of our We foresee positive sales trends continuing duringt fiscal 2009. In addition, we believe ’ws decision to amend and extend our credi agreement demonstrates their confidence in and continued supporftfor Bakers.” Bakers reported Wednesday that its sales increased in the fourtg quarter but its profit dropped. Sales were $55.5 up 1.3 percent from $54.
7 million durinhg the same quarter ayear ago. Comparable store sales increased 3.6 percent, compared to a decrease of 6.8 percent in the prior-year period. But profift dropped to $500,000, down from $7.3 millionj in the fourth quarter last which included a gainof $4.8 millionj from the early termination of an operating For the fiscal year ended Jan. 31, Bakersw posted sales of $183.y7 million, down from $186.3 million the previous year, and comparable stores sales increased 0.5 percent, compared to a 12.3 percenf decrease in fiscal 2007. For the company lost $15 million, compared to a loss of $17.u7 million in fiscal 2007.
Bakers also announceds Wednesday that it has promoted CharlesDaniel III, currentlyu its vice president of finance, to executive vice presidengt and chief financial officer. St. Louis-basexd Bakers Footwear Group (Nasdaq: BKRS) is a mall-basedd retailer of moderately pricedf footwear and accessoriesfor women. It operates storea under the Bakers and WildPair names, with 240 storesa open.
Sunday, December 19, 2010
HP rolls out new green products - Silicon Valley / San Jose Business Journal:
http://snagahouse.com/mississauga-rentals-finding-short-term-solutions.html
The Palo Alto-based HP’ds “Eco Solutions” offerings include a widget to encourage behavioral changes for PC userscallefd “The Power to Change,” aimedf at encouraging individuals and enterprises to power down theit computers at the end of the work day. The company has set a goal to save 1 billiob kilowatt hours of electricity by 2011 by reducingt energy consumption in itsvolume PCs. The company also now offerxs new printing tools to reducw paper usage andenergy consumption, and launched a line of serveres aimed at reducing energy consumption in the IT space.
“Wew want customers to know that we’rw here to help them, in this to save money and the saidBonnie Nixon, HP’s Director of Environmental Sustainability. “We see ourselvesx as a living lab and we benefit from this ourselvees through aggressiveemployee engagement.” In the serverd space, the company’s new ProLiant G6 server platformes feature technology that allows power capping to limiyt the power drawn by the and also allows customers to choose from four powerf supplies to match specififc applications and minimize power use. The new G6 platforms range from $1,679 to $17,029, basede on the configurations. The ProLianr servers start at $1,199.
According to Doug Oathhout, HP’s vice president of Green IT, Enterprise Servers and Storage, about two-thirds of the questionsd HP receives from IT managers focus on energy a change from a few years ago when budgetss wereless constrained. The amountr companies spend on energy use for data centers amounts to about 12 percent ofIT budgets, and couldr eclipse the amount companies spend on IT equipment, he “The goal with the new serverw is to reduce energy consumptionb IT uses by 50 percent,” he “Customers can take that 12 percentt and have it go south or even go flat so customere can have more to spen on real projects.
” Internally, the companty has reduced the number of its data centerxs from 85 to six, and from 6,000 software applications to 600 in the past three years. For the company’s HP Web Jetadmin tool gives customers the ability to measure and evaluat e their existing carbon footprint for a single printed up to aprinter fleet, and helps them understandc how they can reduce their impact and save money through “responsible printing.” An HP servicee then evaluates energy consumption, power usage and carbohn emissions.
The Palo Alto-based HP’ds “Eco Solutions” offerings include a widget to encourage behavioral changes for PC userscallefd “The Power to Change,” aimedf at encouraging individuals and enterprises to power down theit computers at the end of the work day. The company has set a goal to save 1 billiob kilowatt hours of electricity by 2011 by reducingt energy consumption in itsvolume PCs. The company also now offerxs new printing tools to reducw paper usage andenergy consumption, and launched a line of serveres aimed at reducing energy consumption in the IT space.
“Wew want customers to know that we’rw here to help them, in this to save money and the saidBonnie Nixon, HP’s Director of Environmental Sustainability. “We see ourselvesx as a living lab and we benefit from this ourselvees through aggressiveemployee engagement.” In the serverd space, the company’s new ProLiant G6 server platformes feature technology that allows power capping to limiyt the power drawn by the and also allows customers to choose from four powerf supplies to match specififc applications and minimize power use. The new G6 platforms range from $1,679 to $17,029, basede on the configurations. The ProLianr servers start at $1,199.
According to Doug Oathhout, HP’s vice president of Green IT, Enterprise Servers and Storage, about two-thirds of the questionsd HP receives from IT managers focus on energy a change from a few years ago when budgetss wereless constrained. The amountr companies spend on energy use for data centers amounts to about 12 percent ofIT budgets, and couldr eclipse the amount companies spend on IT equipment, he “The goal with the new serverw is to reduce energy consumptionb IT uses by 50 percent,” he “Customers can take that 12 percentt and have it go south or even go flat so customere can have more to spen on real projects.
” Internally, the companty has reduced the number of its data centerxs from 85 to six, and from 6,000 software applications to 600 in the past three years. For the company’s HP Web Jetadmin tool gives customers the ability to measure and evaluat e their existing carbon footprint for a single printed up to aprinter fleet, and helps them understandc how they can reduce their impact and save money through “responsible printing.” An HP servicee then evaluates energy consumption, power usage and carbohn emissions.
Friday, December 17, 2010
Horizon technicians ratify new contract - ATWOnline
firearms-somewhat.blogspot.com
Bizjournals.com | Horizon technicians ratify new contract ATWOnline Horizon Air announced that its technicians ratified a new four-year contract. Of the 72% of Horizon's mechanics who voted, more than 65% were in favor of ... Horizon Air Mechanics Ratify New Contract Alaska Air's Subsidiary Says Technicians Ratify New 4-Year Contract Horizon Air mechanics ratify new contract |
Tuesday, December 14, 2010
A.M. Best affirms Northwestern Mutual's high ratings - Minneapolis / St. Paul Business Journal:
grachevakautawil.blogspot.com
A.M. Best affirmed its financial strength ratings ofof A++ and issuer credit ratings of “aaa” of Northwestern Mutualk Life Insurance Co. and its subsidiaru The outlook for both ratings is the Oldwick, N.J., ratings organization said Thursday. The ratingds reflect Northwestern Mutual’s sizable and matured individual life insurance conservativeoperating profile, strong operating performancw and superior risk-adjusted capitalization, A.M. Best said. Partiall y offsetting those positive rating factors was the recentf decline inNorthwestern Mutual’s adjusted capital and surplu due mainly to realized and unrealizee investment losses, A.M. Best said. A.M.
Best also noted that Northwester n Mutual maintains an above averag e aggregate exposure to private placement belowinvestment grade, or "junk," bonds, commercialp mortgages and equities. Despitr NM increasing the tota number of financial representatived over the pastcouplwe years, Northwestern Mutual may be challenged to continuse to grow the number of sales professionalzs while maintaining current levels of retention and productivitg over the long term, A.M. Best said.
A.M. Best affirmed its financial strength ratings ofof A++ and issuer credit ratings of “aaa” of Northwestern Mutualk Life Insurance Co. and its subsidiaru The outlook for both ratings is the Oldwick, N.J., ratings organization said Thursday. The ratingds reflect Northwestern Mutual’s sizable and matured individual life insurance conservativeoperating profile, strong operating performancw and superior risk-adjusted capitalization, A.M. Best said. Partiall y offsetting those positive rating factors was the recentf decline inNorthwestern Mutual’s adjusted capital and surplu due mainly to realized and unrealizee investment losses, A.M. Best said. A.M.
Best also noted that Northwester n Mutual maintains an above averag e aggregate exposure to private placement belowinvestment grade, or "junk," bonds, commercialp mortgages and equities. Despitr NM increasing the tota number of financial representatived over the pastcouplwe years, Northwestern Mutual may be challenged to continuse to grow the number of sales professionalzs while maintaining current levels of retention and productivitg over the long term, A.M. Best said.
Sunday, December 12, 2010
Bills bolster Bell, irk rivals - Atlanta Business Chronicle:
madhu-westmeath.blogspot.com
(NYSE: BLS) will back Senate Bille 388 and 389. In the eventr of a federally certifiednatural disaster, SB 388 woulf allow BellSouth, the dominant local phon e company, to collect a 10 percent "storm surcharge" from the smallefr competitors that use its network. BellSouth ostensiblyh would use this money to defray the cost of repairingvits network, which suffered perhaps $600 million in damages from Hurricane Katrina in 2005. The company could keep the surchargd in place up to a year from the date of the SB 388 is sponsored bystate Sen. Mitcuh Seabaugh, R-Sharpsburg, who is chairmab of the Senate Regulated Industries andUtilities Committee.
He compared it to the General Assembly's decision last year to cap taxe s on jet fuel in order toassist now-bankrupt -- the statre trying to support a major pillar of the local economy in time of even if it could only supply a few million dollarw when far more was needed. BellSouth spokeswomam LeAnn Boucher agreed withthat assessment. "Whaft we could potentially recoup from those other carrierzs using ournetwork wouldn't even [have] come to cleaning up from Katrina, she said. BellSout competitors are unhappy about the measure and its SB 389, which could strip them of millionsd of dollars in futures revenue.
Currently, whenever the Georgiaq Public Service Commission penalizesd BellSouth for failing to meet certain standardzs in reselling services to its those rivals receiveabout two-thirdsw of any fines assessed. BellSouth shelled out abouyt $1.8 million over the last 12 accordingto Boucher. But under SB 389, which Seabaugh also authored, BellSouth competitors would no longer see any ofthosr dollars. "I don't understand the logic," said Jerry Watts, a lobbyisg for ITC^DeltaCom Inc. "Ifd I'm suffering lost customers or a deterioration in the perceptionn of my service dueto BellSouth'e actions, there's a financial impact," which those finess offset.
The new bills come on the heelsof Seabaugh'e SB 120, introduced in 2005, which would prevent the PSC from regulatintg broadband Internet and cell phone service. Although BellSoutb (which posted $20 billion in 2004 could soon find itselr enjoying a little extra pocket its joint venture with may take a bit of a hit fromSB 395, the brainchiled of state Sen. Cecil Staton, R-Macon. SB 395 would prevent cell phone companies from extending the term of aGeorgiwa customer's service contract whenever that customer wants to add another change their number or otherwise modifgy their plan.
Staton said he was open to lettingv carriers continue requiring contract extensions when they provide new phonezs to existing subscribers in order to recoverthat cost. Cingular lobbyistf Steve Skinner said withoutthat ability, the companhy would be unable to offer its customerx new phones at subsidized prices. One bill unlikeluy to face corporate oppositionis Staton'ds SB 394, which expands on a stat e anti-spam bill signed in 2005 by specifically targetin scammers posing as legitimate companies such as or (Nasdaq: in unsolicited commercial e-mail.
These scammers "phish" for sensitive personal data by directinf recipients of the spam to visit Web sited that masquerade as thoseof banks, credit card companies, etc. Recipient s are then asked to enter theifr SocialSecurity numbers, passwords and the like. Statobn wants to hit offenders with jail terma of up to20 years, fines of up to or both. No Georgia-based businesses have complainedx to him of being he said. The most ambitiouse of the new measures, Senate Resolutionh 642 by state Sen.
Judson Hill, R-Marietta, would require two-thirds of both the House and Senated to agree in order to increase any existing state tax (including the corporatew income tax) or license fee or created any new ones. The idea is to make it very difficulyt for Democrats to raise taxes if they win back one or more chamberss in 2006 or at somefuturew date, Hill said. Also noteworthy: Stater Sen. Ralph Hudgens, R-Comer and chairmanj of the Senate Insurance andLabor Committee, has filed SB 384 and SB 385 at the request of state insurance commissioner John Oxendine.
SB 384 woulds add Georgia to the 20 statews that have already joined an interstate compact allowintg life insurance products approved for sale in any one stat e to be sold in allof them. Oxendinre said some of the nation's largest insurers, including MET) and , have been pushing Georgia to join the which won't become active until a few more states sign up. SB 385 gives Georgia-based insureres the ability to add municipalo bondsfrom U.S. and Canadian cities and counties with populationxs of lessthan 25,000 to their portfolios. Oxendinee crafted the bill, which he called vitap for localeconomic development, afterd ran into the regulation in Dodge County in 2005.
(NYSE: BLS) will back Senate Bille 388 and 389. In the eventr of a federally certifiednatural disaster, SB 388 woulf allow BellSouth, the dominant local phon e company, to collect a 10 percent "storm surcharge" from the smallefr competitors that use its network. BellSouth ostensiblyh would use this money to defray the cost of repairingvits network, which suffered perhaps $600 million in damages from Hurricane Katrina in 2005. The company could keep the surchargd in place up to a year from the date of the SB 388 is sponsored bystate Sen. Mitcuh Seabaugh, R-Sharpsburg, who is chairmab of the Senate Regulated Industries andUtilities Committee.
He compared it to the General Assembly's decision last year to cap taxe s on jet fuel in order toassist now-bankrupt -- the statre trying to support a major pillar of the local economy in time of even if it could only supply a few million dollarw when far more was needed. BellSouth spokeswomam LeAnn Boucher agreed withthat assessment. "Whaft we could potentially recoup from those other carrierzs using ournetwork wouldn't even [have] come to cleaning up from Katrina, she said. BellSout competitors are unhappy about the measure and its SB 389, which could strip them of millionsd of dollars in futures revenue.
Currently, whenever the Georgiaq Public Service Commission penalizesd BellSouth for failing to meet certain standardzs in reselling services to its those rivals receiveabout two-thirdsw of any fines assessed. BellSouth shelled out abouyt $1.8 million over the last 12 accordingto Boucher. But under SB 389, which Seabaugh also authored, BellSouth competitors would no longer see any ofthosr dollars. "I don't understand the logic," said Jerry Watts, a lobbyisg for ITC^DeltaCom Inc. "Ifd I'm suffering lost customers or a deterioration in the perceptionn of my service dueto BellSouth'e actions, there's a financial impact," which those finess offset.
The new bills come on the heelsof Seabaugh'e SB 120, introduced in 2005, which would prevent the PSC from regulatintg broadband Internet and cell phone service. Although BellSoutb (which posted $20 billion in 2004 could soon find itselr enjoying a little extra pocket its joint venture with may take a bit of a hit fromSB 395, the brainchiled of state Sen. Cecil Staton, R-Macon. SB 395 would prevent cell phone companies from extending the term of aGeorgiwa customer's service contract whenever that customer wants to add another change their number or otherwise modifgy their plan.
Staton said he was open to lettingv carriers continue requiring contract extensions when they provide new phonezs to existing subscribers in order to recoverthat cost. Cingular lobbyistf Steve Skinner said withoutthat ability, the companhy would be unable to offer its customerx new phones at subsidized prices. One bill unlikeluy to face corporate oppositionis Staton'ds SB 394, which expands on a stat e anti-spam bill signed in 2005 by specifically targetin scammers posing as legitimate companies such as or (Nasdaq: in unsolicited commercial e-mail.
These scammers "phish" for sensitive personal data by directinf recipients of the spam to visit Web sited that masquerade as thoseof banks, credit card companies, etc. Recipient s are then asked to enter theifr SocialSecurity numbers, passwords and the like. Statobn wants to hit offenders with jail terma of up to20 years, fines of up to or both. No Georgia-based businesses have complainedx to him of being he said. The most ambitiouse of the new measures, Senate Resolutionh 642 by state Sen.
Judson Hill, R-Marietta, would require two-thirds of both the House and Senated to agree in order to increase any existing state tax (including the corporatew income tax) or license fee or created any new ones. The idea is to make it very difficulyt for Democrats to raise taxes if they win back one or more chamberss in 2006 or at somefuturew date, Hill said. Also noteworthy: Stater Sen. Ralph Hudgens, R-Comer and chairmanj of the Senate Insurance andLabor Committee, has filed SB 384 and SB 385 at the request of state insurance commissioner John Oxendine.
SB 384 woulds add Georgia to the 20 statews that have already joined an interstate compact allowintg life insurance products approved for sale in any one stat e to be sold in allof them. Oxendinre said some of the nation's largest insurers, including MET) and , have been pushing Georgia to join the which won't become active until a few more states sign up. SB 385 gives Georgia-based insureres the ability to add municipalo bondsfrom U.S. and Canadian cities and counties with populationxs of lessthan 25,000 to their portfolios. Oxendinee crafted the bill, which he called vitap for localeconomic development, afterd ran into the regulation in Dodge County in 2005.
Thursday, December 9, 2010
Academic Team honoree: Mary Stottele - Business First of Buffalo:
http://www.onthisveryspot.com/about_what_we_offer.php
Accomplishments: Class valedictorian. SAT score of Perfect score on four Regents National Merit Scholarship letter of AP ScholarAward (wit h Honor). President of student charity Full name: Mary Norma Lynn Stottele. Born: Augustt 7, 1991, Buffalo. Parents: Diane Stottele. Residence: Favorite class: Chemistry (taught by Ronalr Stepien). “I found the material extremely interesting and I lovedthat class.” Collegew and likely major: , chemicapl engineering. Hope to be doing 10 years from now: “I hope to eitherf have my Ph.D. in chemical engineeringv or have finished law I would like to be marrieed and have myown house.” If coulx meet anyone from history: Marie Curie.
“Shre is a great role model for women in thescienceas everywhere.” If could have dinner with anyone now Gerda Weissmann Klein. “I have read her and she came to my schoo lto speak. She has such an enlightener viewabout life.” to proceed to the next Firstr Team honoree: Mary Kate Thielman.
Accomplishments: Class valedictorian. SAT score of Perfect score on four Regents National Merit Scholarship letter of AP ScholarAward (wit h Honor). President of student charity Full name: Mary Norma Lynn Stottele. Born: Augustt 7, 1991, Buffalo. Parents: Diane Stottele. Residence: Favorite class: Chemistry (taught by Ronalr Stepien). “I found the material extremely interesting and I lovedthat class.” Collegew and likely major: , chemicapl engineering. Hope to be doing 10 years from now: “I hope to eitherf have my Ph.D. in chemical engineeringv or have finished law I would like to be marrieed and have myown house.” If coulx meet anyone from history: Marie Curie.
“Shre is a great role model for women in thescienceas everywhere.” If could have dinner with anyone now Gerda Weissmann Klein. “I have read her and she came to my schoo lto speak. She has such an enlightener viewabout life.” to proceed to the next Firstr Team honoree: Mary Kate Thielman.
Tuesday, December 7, 2010
Life Sciences Firms Form Partnership - Inside INdiana Business (press release)
http://seiinc.org/our-programs-green-housing/our-programs-green-housing-pastprograms/
Life Sciences Firms Form Partnership Inside INdiana Business (press release) AIT Laboratories says it will become the first laboratory in the nation to use technology from Indigo Biosystems. Indianapolis, Ind., December 6, ... |
Saturday, December 4, 2010
Phases of the room - Minneapolis Star Tribune
onoeuqedol1902.blogspot.com
Phases of the room Minneapolis Star Tribune Shopa, who was single then, lived in the house for two years before she enlisted SALA architect Wayne Branum to help her figure out how to make the house ... |
Thursday, December 2, 2010
Zicam maker pulls products, but affirms safety - Minneapolis / St. Paul Business Journal:
http://www.chizine.com/chizinepub/books/napiers_bones.php
The FDA said it receivec more than 130 complaints from consumers saying they have lost their sense of smell after using the Jennifer Warren, a former school teacherf who lives in Huntsville, Ala., said she lost her sensd of smell after using Zicam to prevenrt the duration of a cold a few years ago, but had never complained to the FDA or the company because she figuredf there was no way to prove Zicam caused her She said she doesn’t want to sue Scottsdale-based Matrixs (Nasdaq:MTXX) even after learninbg others have had the same experiences. “I don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abouyt all these drugs not being allowed onthe market. The first time anythingt goes wrong, everybody wants to go sue, sue, sue. That drives me I honestly believe the people were tryingf to do something to help people not get William Hemelt, acting president and chier operating officer of Matrixx, said the FDA action was taken without reviewing research he would have been more than willing to “We think the science does not support this allegatiojn at all,” he said.
“Quite we would not be sellingt the product if we thought it was Zicam products use a homeopathic remedt called ZincumGluconicum 2x, which meanse they require FDA Dr. Sam Benjamin, a medical doctor with a homeopathic saidhe can’t figurd out why the FDA has taken so long to deal with the “I can think of no part of alternativwe medicine that summons up more worry to conventional physicians than said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturdayds at 2 p.m. and 1,000 followers on “There are so many drugsw around thatcause problems, why would one evenyt want to expose people to any danger.
” Brett a senior recall strategist at Stericycles Inc. in Lake Forest, Ill., is coming to Phoenic this week to meet with Matrixdx officials to see if he can help the companyg withdamage control. Usually, he companies will voluntarily recall a product before the FDAgets That’s not how it happenec with Matrixx. The FDA stepped in and warnee Matrixx that it had received more than 130 consumef complaints and that the company needed to stop marketing the product until it can put a warniny label on its packaging that it couldcausre anosmia. Over the past 10 years, Berty has workesd with manufacturers to conductaboutf 1,300 recalls, including Vioxx.
“Typically, the manufacturer will work with me priorr to approaching theregulatory agency,” he “The most important thing for Matrixz is you can turn a seemingly awful situation into an opportunithy if you’re judged by the public as being part of the How swiftly do they execute that will demonstrate their concerhn for the public’s safety.” When the FDA sent the warningg letter to Matrixx and advised consumeras not to use certain Zicam cold remedies, on June 16, Matrixx’d stock plummeted 70 percent to $5.7u8 a share. It bounced up a bit to $6.1e a day later, but nowhere near its 52-weeki high of $19.
74, near its trading point beforwe the FDA sent thewarning letter. For the fiscal year ende d March 31, Matrixx reported $13.8 millionh in net income on $112 million in net sales, up from $10.4 million in net income on $101 millio n in net sales a year ago. Hemelt said he will be meetingv with FDA regulators to discuszthe issue. He also scheduled a conferencde callwith investors.
The FDA said it receivec more than 130 complaints from consumers saying they have lost their sense of smell after using the Jennifer Warren, a former school teacherf who lives in Huntsville, Ala., said she lost her sensd of smell after using Zicam to prevenrt the duration of a cold a few years ago, but had never complained to the FDA or the company because she figuredf there was no way to prove Zicam caused her She said she doesn’t want to sue Scottsdale-based Matrixs (Nasdaq:MTXX) even after learninbg others have had the same experiences. “I don’t think Zicam was created to hurt she said.
“We sit here and we rip and we rave abouyt all these drugs not being allowed onthe market. The first time anythingt goes wrong, everybody wants to go sue, sue, sue. That drives me I honestly believe the people were tryingf to do something to help people not get William Hemelt, acting president and chier operating officer of Matrixx, said the FDA action was taken without reviewing research he would have been more than willing to “We think the science does not support this allegatiojn at all,” he said.
“Quite we would not be sellingt the product if we thought it was Zicam products use a homeopathic remedt called ZincumGluconicum 2x, which meanse they require FDA Dr. Sam Benjamin, a medical doctor with a homeopathic saidhe can’t figurd out why the FDA has taken so long to deal with the “I can think of no part of alternativwe medicine that summons up more worry to conventional physicians than said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturdayds at 2 p.m. and 1,000 followers on “There are so many drugsw around thatcause problems, why would one evenyt want to expose people to any danger.
” Brett a senior recall strategist at Stericycles Inc. in Lake Forest, Ill., is coming to Phoenic this week to meet with Matrixdx officials to see if he can help the companyg withdamage control. Usually, he companies will voluntarily recall a product before the FDAgets That’s not how it happenec with Matrixx. The FDA stepped in and warnee Matrixx that it had received more than 130 consumef complaints and that the company needed to stop marketing the product until it can put a warniny label on its packaging that it couldcausre anosmia. Over the past 10 years, Berty has workesd with manufacturers to conductaboutf 1,300 recalls, including Vioxx.
“Typically, the manufacturer will work with me priorr to approaching theregulatory agency,” he “The most important thing for Matrixz is you can turn a seemingly awful situation into an opportunithy if you’re judged by the public as being part of the How swiftly do they execute that will demonstrate their concerhn for the public’s safety.” When the FDA sent the warningg letter to Matrixx and advised consumeras not to use certain Zicam cold remedies, on June 16, Matrixx’d stock plummeted 70 percent to $5.7u8 a share. It bounced up a bit to $6.1e a day later, but nowhere near its 52-weeki high of $19.
74, near its trading point beforwe the FDA sent thewarning letter. For the fiscal year ende d March 31, Matrixx reported $13.8 millionh in net income on $112 million in net sales, up from $10.4 million in net income on $101 millio n in net sales a year ago. Hemelt said he will be meetingv with FDA regulators to discuszthe issue. He also scheduled a conferencde callwith investors.
Monday, November 29, 2010
ATS Services is now Talagy, with new owner - Puget Sound Business Journal (Seattle):
http://mountainshadows.net/page/Favour-The-Fauna.html
Derek Mercer, the nephew of ATS founder Delorees Kesler, acquired the company and will serve as Kesler will retain the title ofchairman emeritus. Amy McGeorgee will assume the role of presidenand CEO. Terms of the acquisition were not disclosed. “This is an exciting time in the growth and evolutionof ATS, and I’mm pleased to allow the next generation of leadership to take the said Kesler. Kesler created Jacksonville-based ATS Services in eventually forming a parent company that mergede with three otherstaffing firms, including . The business split into two ventures: , whicn became a publicly traded compan y and isnow , and ATS Services.
Merceer worked as the director of information technology at ATS Servicezs before creating hisown company, , a globa provider of on-demand talent management software, in 1996. Kesler provided a loan that helped starthe company. Vurv Technology was acquired by (NASDAQ: in 2008 for $128.8 Talagy, which has 11 office s around the country and 80 will continue to offer the same productsand services, but instear of operating under multiplew brands and business units the company will consolidate into a singlew brand.
Derek Mercer, the nephew of ATS founder Delorees Kesler, acquired the company and will serve as Kesler will retain the title ofchairman emeritus. Amy McGeorgee will assume the role of presidenand CEO. Terms of the acquisition were not disclosed. “This is an exciting time in the growth and evolutionof ATS, and I’mm pleased to allow the next generation of leadership to take the said Kesler. Kesler created Jacksonville-based ATS Services in eventually forming a parent company that mergede with three otherstaffing firms, including . The business split into two ventures: , whicn became a publicly traded compan y and isnow , and ATS Services.
Merceer worked as the director of information technology at ATS Servicezs before creating hisown company, , a globa provider of on-demand talent management software, in 1996. Kesler provided a loan that helped starthe company. Vurv Technology was acquired by (NASDAQ: in 2008 for $128.8 Talagy, which has 11 office s around the country and 80 will continue to offer the same productsand services, but instear of operating under multiplew brands and business units the company will consolidate into a singlew brand.
Saturday, November 27, 2010
Home inventories poised to rise - Nashville Business Journal:
http://pro-software.biz/2008/10/29/
And they’d better be ready to keep running. Althoughb a recent spike in sales has cut the inventory of homeesfor sale, there’s a glut of tens of thousands of foreclosur e lawsuits pending against properties that are not listed for Until bank repossessions wane and mortgageas become more widely available, property valuexs might start stabilizing, but they won’t said Keith Fleischer, a brokefr at the Weston office of , a subsidiary that helpx banks sell repossessed homes. Banks often contact REO Collectio n about selling a home shortlyg before or shortly after it is seizedxthrough foreclosure.
The company gets its name from the acronykm banks have for their foreclosedpropertyu – real estate owned. While REO Collection has a pretty decent amount ofactives listings, it has a huge boarxd of pre-listings set for the market, Fleischerd said. “We’re going to see an increaser in available new REO listings on the he said. Statistics seem to follow that logic, as banksw are filing foreclosure actions faster than they are takinvg back homes and putting them on the According to court data analyzed byBal Harbour-based , there were 7,3121 property repossessions in South Florida in the firsft quarter and 25,263 new foreclosure filings.
A study by the suggests the stater may be only halfway throughthe mess. Of the more than 3.5 milliob mortgages the MBA tracksin 10.6 percent were in the foreclosure process and an additionak 10.7 percent were past due on March 31. “The inventory of homew for sale will substantially All you need to do is look at how many pendinb foreclosuresthere are,” said Bill McCaughan, an attorney with K&Lk Gates in Miami who represents banks in foreclosures. “There’s no question that the volume itself causes a time lag tolist properties.
” Even if it’es clear that a propertty will become bank-owned, the backlogged Sout Florida courts and the bank employees overloaded with these cased make it a lengthy process, McCaughan Regulations, such as the mandatoryg inspections before REO home salesa required by Miami-Dade County, only slow it down he said. Condo Vultures principaol Peter Zalewski said some banks are purposely delaying the foreclosurer process becausethey don’t want to take ownership of homeds and pay to maintain them whilew the market is near the “Banks want to hold back on inventory to let the inventory be depletefd so they can get higher he said.
“We’re seeing inventory being depleted becaus not all of the foreclosures are on the Much of the pain has alreadyh played out in the subprime but several other factors continue pushingv peopleinto foreclosure. Unemployment is near a record andevery percentage-point increasr in the unemployment rate increases the probabilitu that people will become seriously delinquentf on their mortgage by 10 percent to 20 according to a research paper publishedf in May by the . Add to that more toxi c mortgages.
Nationwide, there are about $500 billionj in outstanding paymentoption adjustable-rate mortgagex (ARM), where borrowers can pay only a portiob of the monthly interest and let the size of the mortgags grow. When the value balloonas by 15 percent or 25 percent and the borrower is undefwater – the loan resets and requireas both interest and principal which can double the monthly A report issued in April by predicted that these resets would starty accelerating in the spring of 2010 until they reacuh a peak of $14 billion in optiom ARMs resetting in September 2011. They would not taper off until near the endof 2012.
The delinquencu rates on those loans are so high that it helpex push severaloption ARM-heavy such as BankUnited FSB and , into failure. While the initiak wave of defaults of subprime mortgagesa put many modestand lower-tier homee and condos on the the next wave of foreclosures from optiomn ARMs and unemployment will include more top-shelft homes, said Bradley Hunter, directod of the South Florida market for real estat e analysis firm Metrostudy in West Palm That will give buyers more attractive Hunter believes that the median housing price could rise when thosr nicer homes start getting sold off by the but it would be a falsde positive.
The average sales pricw might increase because larger homes are gettin soldmore often, but the discountds based on past sales would remain – or even he said. “The downward pressure on pricese continues and will continue well into next Hunter said. “We are most of the way througuh theprice adjustment. We probablyy only have another 10percent [decline] more to go.” REO Collection’x Fleischer said single-family homes prices have nearly stabilized and will remain around this level for the next few but condo prices couldr fall further because of the cripplingh effects missed association dues are havingg on condo associations.
The ailingy condition of some condo associations makes the and most banksz rule out lending inthose complexes, Fleischer Zalewski said neighborhoods east of Interstate 95 are stabilizint faster than South Florida’s western suburbs becauser they are more attractive to buyers of second homes. “Manyt of the investors and second-home buyers see 2009 as the year thatthe all-casyh institutional buyer goes in,” he added. “And 2010 is seen as the year when (typicakl buyers) return to the market because ofstimulusw dollars.
”
And they’d better be ready to keep running. Althoughb a recent spike in sales has cut the inventory of homeesfor sale, there’s a glut of tens of thousands of foreclosur e lawsuits pending against properties that are not listed for Until bank repossessions wane and mortgageas become more widely available, property valuexs might start stabilizing, but they won’t said Keith Fleischer, a brokefr at the Weston office of , a subsidiary that helpx banks sell repossessed homes. Banks often contact REO Collectio n about selling a home shortlyg before or shortly after it is seizedxthrough foreclosure.
The company gets its name from the acronykm banks have for their foreclosedpropertyu – real estate owned. While REO Collection has a pretty decent amount ofactives listings, it has a huge boarxd of pre-listings set for the market, Fleischerd said. “We’re going to see an increaser in available new REO listings on the he said. Statistics seem to follow that logic, as banksw are filing foreclosure actions faster than they are takinvg back homes and putting them on the According to court data analyzed byBal Harbour-based , there were 7,3121 property repossessions in South Florida in the firsft quarter and 25,263 new foreclosure filings.
A study by the suggests the stater may be only halfway throughthe mess. Of the more than 3.5 milliob mortgages the MBA tracksin 10.6 percent were in the foreclosure process and an additionak 10.7 percent were past due on March 31. “The inventory of homew for sale will substantially All you need to do is look at how many pendinb foreclosuresthere are,” said Bill McCaughan, an attorney with K&Lk Gates in Miami who represents banks in foreclosures. “There’s no question that the volume itself causes a time lag tolist properties.
” Even if it’es clear that a propertty will become bank-owned, the backlogged Sout Florida courts and the bank employees overloaded with these cased make it a lengthy process, McCaughan Regulations, such as the mandatoryg inspections before REO home salesa required by Miami-Dade County, only slow it down he said. Condo Vultures principaol Peter Zalewski said some banks are purposely delaying the foreclosurer process becausethey don’t want to take ownership of homeds and pay to maintain them whilew the market is near the “Banks want to hold back on inventory to let the inventory be depletefd so they can get higher he said.
“We’re seeing inventory being depleted becaus not all of the foreclosures are on the Much of the pain has alreadyh played out in the subprime but several other factors continue pushingv peopleinto foreclosure. Unemployment is near a record andevery percentage-point increasr in the unemployment rate increases the probabilitu that people will become seriously delinquentf on their mortgage by 10 percent to 20 according to a research paper publishedf in May by the . Add to that more toxi c mortgages.
Nationwide, there are about $500 billionj in outstanding paymentoption adjustable-rate mortgagex (ARM), where borrowers can pay only a portiob of the monthly interest and let the size of the mortgags grow. When the value balloonas by 15 percent or 25 percent and the borrower is undefwater – the loan resets and requireas both interest and principal which can double the monthly A report issued in April by predicted that these resets would starty accelerating in the spring of 2010 until they reacuh a peak of $14 billion in optiom ARMs resetting in September 2011. They would not taper off until near the endof 2012.
The delinquencu rates on those loans are so high that it helpex push severaloption ARM-heavy such as BankUnited FSB and , into failure. While the initiak wave of defaults of subprime mortgagesa put many modestand lower-tier homee and condos on the the next wave of foreclosures from optiomn ARMs and unemployment will include more top-shelft homes, said Bradley Hunter, directod of the South Florida market for real estat e analysis firm Metrostudy in West Palm That will give buyers more attractive Hunter believes that the median housing price could rise when thosr nicer homes start getting sold off by the but it would be a falsde positive.
The average sales pricw might increase because larger homes are gettin soldmore often, but the discountds based on past sales would remain – or even he said. “The downward pressure on pricese continues and will continue well into next Hunter said. “We are most of the way througuh theprice adjustment. We probablyy only have another 10percent [decline] more to go.” REO Collection’x Fleischer said single-family homes prices have nearly stabilized and will remain around this level for the next few but condo prices couldr fall further because of the cripplingh effects missed association dues are havingg on condo associations.
The ailingy condition of some condo associations makes the and most banksz rule out lending inthose complexes, Fleischer Zalewski said neighborhoods east of Interstate 95 are stabilizint faster than South Florida’s western suburbs becauser they are more attractive to buyers of second homes. “Manyt of the investors and second-home buyers see 2009 as the year thatthe all-casyh institutional buyer goes in,” he added. “And 2010 is seen as the year when (typicakl buyers) return to the market because ofstimulusw dollars.
”
Wednesday, November 24, 2010
Two national experts think Rich Rodriguez might be out as Michigan coach - Detroit Free Press
vorotintseyqah.blogspot.com
Two national experts think Rich Rodriguez might be out as Michigan coach Detroit Free Press Speculation about Michigan football coach Rich Rodriguez's job status is heating up on the national stage. This afternoon, rivals.com ... |
Tuesday, November 23, 2010
Mali: Football puts on Orange from 22nd - StarAfrica.com
http://preservationchicago.org/chicago7/2008/2_american_book.html
Mali: Football puts on Orange from 22nd StarAfrica.com The leader of the Malian football begins its season at Modibo Keita of Bamako, facing the onze createurs of Niaréla. This meeting scheduled just before the ... |
Sunday, November 21, 2010
HVCC moves 2 programs to Rensselaer Tech Park - Pacific Business News (Honolulu):
http://nesttechnologies.com/nest2/REform_us.htm
The Troy college recently signeda 10-yeart lease with 400 Jordan Road LLC. The school will pay approximateluy $605,000 a year to lease 36,557 squared feet of space. Hudson Valley’s popular paramedic program will occupy abouft half of thenew space. The school also will move its respiratorg care program and a that trains employeed forarea businesses, according to Stephen director of the college’ws physical plant. The remainder of the leaser space willhouse ’s Next Step a communications worker training prograkm coordinated by the college.
Those departments all currentlt are located inHudson Valley’x 90,000-square-foot Hy Rosenblum Administration Center, a 1940sw era building that Cowan said needs major renovations. “It’s a tired old We are looking at total renovationsaor demolition,” he said. But the colleg e decided to lease space from the througyh 400 Jordan Road LLC for 10 years while the collegs decides whether it should overhaul or tear down the HyRosenblujm building. The college continues to but because of the economy it does not have the moneyh to renovate the current buildingright now, Cowabn said.
Hudson Valley is planning to hire a consultin firm this summer to help officials decide the most cost effective way to deal with theRosenblumj building. helped Hudson Valley negotiatedthe lease. The collegd plans to have the four programs and departmentxs moved into the new space in Northn Greenbush before the start of classewson Aug. 31. The building previously had been used as offic e space for Verizon Cowan said.
The Troy college recently signeda 10-yeart lease with 400 Jordan Road LLC. The school will pay approximateluy $605,000 a year to lease 36,557 squared feet of space. Hudson Valley’s popular paramedic program will occupy abouft half of thenew space. The school also will move its respiratorg care program and a that trains employeed forarea businesses, according to Stephen director of the college’ws physical plant. The remainder of the leaser space willhouse ’s Next Step a communications worker training prograkm coordinated by the college.
Those departments all currentlt are located inHudson Valley’x 90,000-square-foot Hy Rosenblum Administration Center, a 1940sw era building that Cowan said needs major renovations. “It’s a tired old We are looking at total renovationsaor demolition,” he said. But the colleg e decided to lease space from the througyh 400 Jordan Road LLC for 10 years while the collegs decides whether it should overhaul or tear down the HyRosenblujm building. The college continues to but because of the economy it does not have the moneyh to renovate the current buildingright now, Cowabn said.
Hudson Valley is planning to hire a consultin firm this summer to help officials decide the most cost effective way to deal with theRosenblumj building. helped Hudson Valley negotiatedthe lease. The collegd plans to have the four programs and departmentxs moved into the new space in Northn Greenbush before the start of classewson Aug. 31. The building previously had been used as offic e space for Verizon Cowan said.
Saturday, November 20, 2010
New development plan will drive Clayton growth - Business First of Columbus:
http://yorkwatershed.org/business/green_infrastructure/biosJC.html
Carter is working on retaining and expanding existing businesses in Clayton and overseeing economidevelopment efforts. The Business Journal asked Carter about thosre efforts and the impact ofthe recession. What is your strategg to attract new companiesand development?? Clayton is poised to implement a new strategic economicx development plan. While still beingv refined, the strategy’s focus is on attracting new business, on nurturiny the nearly 2,000 businesses that currently callClayton home, on encouraging redevelopment and conductingy targeted marketing campaigns. Existing businesses are Clayton’s catalys for growth.
With companies like Graybar, Olin, Centene, and , Clayton’zs economic base is solid and The efforts toretainj these, and all Clayton businesses, will focus on helping them grow in To attract or retain businesses and to creates new investment and jobs, the city will considerr incentives on a case-by-case basis and work to obtainn state incentives. Currently, the city is in the processx of selecting a firm to updatethe city’s centrap business district master plan. The hope is to leveragwe assets suchas , , , and existing corporations and redevelopmentg into a deliberate plan for economicx growth.
With this growth will come opportunit to addmore world-class office space for organizationxs interested in capitalizing on Clayton’s premierd business environment. Clayton will beginm to take its regional reputatioj as a leading business cente r to thenational market. The city will begin increasing its economic developmentr via a targeted marketing Clayton will seek to attract new jobs and investmenr to the region by promotinvg its amenities on anational level. What major projectd are moving ahead? Admittedly the economg has slowedsome projects. However, the Centene projecf has closed onits financing, and construction activity is well unde way.
In addition, and Resorts and RJ York recently announced their plans to begin construction in 2010 ofa 245-roojm Westin Hotel. Husch Blackwell Sanders is proceedintg witha 15,000-square-foot build-out of additionap space in the Clayton Plaza. Once the economhy has stabilized, we expect many of the pendinb projectsto proceed. What does the city hope to achievr by conducting itsretail analysis? Clayton benefits from an alreadyg strong retail base provided in part by the 80 qualityu restaurants that call Clayton home. Many of the area’sd best chefs run kitchens in our restaurants.
Clayton’s four business districtsw combine a mix of charming retail shope and many of the finestg eating establishments inthe region. However, as part of the centrak business districtplanning process, the city will conductg a retail study. The ultimate goal will be to enhancwe one ofthe city’s finest amenities: its retaiol community. A vibrant retail environment attracts residentas and adds vitality to thecentralo core. The analysis should help energizer retaildevelopment downtown, establish a plan for an appropriate retailo mix and coordinate the differentt new developments. How is the city of Clayton positioninb itself to attractmore retailers?
We believ e the retail analysis will assist in answering this question. However, we also believr that getting Clayton’s story out to potentialo retailers will also attract more Clayton has a lotto offer. Claytomn has over 50,000 daytime employees, 80 restaurants and 50,000-plus householdsa within a 3-mile radius. In addition, Clayton has alwaysd been the original lifestyle Is Clayton considering any new programz to attract andretain businesses? Included in the yet-to-be-adopted strategicx economic development plan, there exists an economixc development incentive application and policy.
This is not to say that Clayton is enteringthe zero-sum game of locap competition for existing companies, but that as it moves forwardd with recruiting new businesses to the it will consider each projecg on a case-by-case basis. Furthermore, the city will examind assisting businesses in less than traditionaol manners such as leveraged marketing and other programas that may enhanceeconomic activity.
Carter is working on retaining and expanding existing businesses in Clayton and overseeing economidevelopment efforts. The Business Journal asked Carter about thosre efforts and the impact ofthe recession. What is your strategg to attract new companiesand development?? Clayton is poised to implement a new strategic economicx development plan. While still beingv refined, the strategy’s focus is on attracting new business, on nurturiny the nearly 2,000 businesses that currently callClayton home, on encouraging redevelopment and conductingy targeted marketing campaigns. Existing businesses are Clayton’s catalys for growth.
With companies like Graybar, Olin, Centene, and , Clayton’zs economic base is solid and The efforts toretainj these, and all Clayton businesses, will focus on helping them grow in To attract or retain businesses and to creates new investment and jobs, the city will considerr incentives on a case-by-case basis and work to obtainn state incentives. Currently, the city is in the processx of selecting a firm to updatethe city’s centrap business district master plan. The hope is to leveragwe assets suchas , , , and existing corporations and redevelopmentg into a deliberate plan for economicx growth.
With this growth will come opportunit to addmore world-class office space for organizationxs interested in capitalizing on Clayton’s premierd business environment. Clayton will beginm to take its regional reputatioj as a leading business cente r to thenational market. The city will begin increasing its economic developmentr via a targeted marketing Clayton will seek to attract new jobs and investmenr to the region by promotinvg its amenities on anational level. What major projectd are moving ahead? Admittedly the economg has slowedsome projects. However, the Centene projecf has closed onits financing, and construction activity is well unde way.
In addition, and Resorts and RJ York recently announced their plans to begin construction in 2010 ofa 245-roojm Westin Hotel. Husch Blackwell Sanders is proceedintg witha 15,000-square-foot build-out of additionap space in the Clayton Plaza. Once the economhy has stabilized, we expect many of the pendinb projectsto proceed. What does the city hope to achievr by conducting itsretail analysis? Clayton benefits from an alreadyg strong retail base provided in part by the 80 qualityu restaurants that call Clayton home. Many of the area’sd best chefs run kitchens in our restaurants.
Clayton’s four business districtsw combine a mix of charming retail shope and many of the finestg eating establishments inthe region. However, as part of the centrak business districtplanning process, the city will conductg a retail study. The ultimate goal will be to enhancwe one ofthe city’s finest amenities: its retaiol community. A vibrant retail environment attracts residentas and adds vitality to thecentralo core. The analysis should help energizer retaildevelopment downtown, establish a plan for an appropriate retailo mix and coordinate the differentt new developments. How is the city of Clayton positioninb itself to attractmore retailers?
We believ e the retail analysis will assist in answering this question. However, we also believr that getting Clayton’s story out to potentialo retailers will also attract more Clayton has a lotto offer. Claytomn has over 50,000 daytime employees, 80 restaurants and 50,000-plus householdsa within a 3-mile radius. In addition, Clayton has alwaysd been the original lifestyle Is Clayton considering any new programz to attract andretain businesses? Included in the yet-to-be-adopted strategicx economic development plan, there exists an economixc development incentive application and policy.
This is not to say that Clayton is enteringthe zero-sum game of locap competition for existing companies, but that as it moves forwardd with recruiting new businesses to the it will consider each projecg on a case-by-case basis. Furthermore, the city will examind assisting businesses in less than traditionaol manners such as leveraged marketing and other programas that may enhanceeconomic activity.
Thursday, November 18, 2010
Ilikai workers ratify new contract - Austin Business Journal:
http://campaignfinancesite.org/proposals/deregulation1.html
The hotel’s new owner, New York-based , closed the hotelo on July 9 but has said it will reopemthe 203-room property if members of UNITr HERE Local 5 agree to a new Specific details of the contract were not disclosed, but the union said “wages, benefits and job securit provisions will remain intact.” “All Ilikai workers will receivee the vacation pay they had accumulatex prior to the Ilikai’s closure, and workers not rehirexd will have the opportunity for severance pay,” accordinbg to a statement released by Local 5. “The new owners will offer employmentr to Ilikai workersby seniority.
” About 75 unionized employees were laid off when the Ilikaji closed. IStar bought the Ilikai at a foreclosurde auction in April after developer Brian Anderson defaulterd on the loan he took out in 2006 to buy the buildingh and 203residential units. The closure of the which has reportedly been losing moneyfor months, did not affectr 806 of the 1,009 units within the Ilikai, which are privately owned condominiumse or time shares.
The hotel’s new owner, New York-based , closed the hotelo on July 9 but has said it will reopemthe 203-room property if members of UNITr HERE Local 5 agree to a new Specific details of the contract were not disclosed, but the union said “wages, benefits and job securit provisions will remain intact.” “All Ilikai workers will receivee the vacation pay they had accumulatex prior to the Ilikai’s closure, and workers not rehirexd will have the opportunity for severance pay,” accordinbg to a statement released by Local 5. “The new owners will offer employmentr to Ilikai workersby seniority.
” About 75 unionized employees were laid off when the Ilikaji closed. IStar bought the Ilikai at a foreclosurde auction in April after developer Brian Anderson defaulterd on the loan he took out in 2006 to buy the buildingh and 203residential units. The closure of the which has reportedly been losing moneyfor months, did not affectr 806 of the 1,009 units within the Ilikai, which are privately owned condominiumse or time shares.
Tuesday, November 16, 2010
Roberts backs KU Cancer Center's push for NCI designation - South Florida Business Journal:
http://www.conducteurs-malus.com/article/Renault-to-launch-2-models-in-India-by-mid-2011.html
Roberts, R-Kan., spoke at The ’s Westwood medical building. He said that it now taked 10 years to 17 yearsand $1 billioj to bring a new drug to market, which Robertzs called a “national disgrace.” The National Cancer Institutre said in November that the KU Cancerf Center has a Sept. 25, 2011, applicatioh date for its efforts to get aninitiapl five-year designation as an NCI cancer The months-long application process for institutionx seeking new designations begins with submission of documentatiohn that sometimes exceeds 1,000 pages and includea a site visit and other steps. The earliest that KU Canceer Center’s application could be approved is the sprinygof 2012.
Nationwide, 64 cancer centers receive Cancer Centerd Support Grants to support research to reduce the morbidity and mortality rates of There are 23 cancer centers and 41 comprehensivwecancer centers. The KU Cancer Center is part of , which is the medicalk research and education arm of the Universityof Kansas. NCI designation — KU’s No. 1 priority — typically is granted to academicmedical centers. Therefore, KU Medicalk Center is the entity that will applt forNCI designation. • Increasedf regional patient accessto cutting-edgr clinical trials. • More than $1.3 billio in annual economic benefites inthe region.
• An increass in KU Cancer Center’s annual NCI financingg from thecurrent $7.5 million to about $40 NCI-affiliated institutions also attract world-class researchers who bring NCI grantsz with them, and part of the estimated increas e is based on that. Many of these researcherz doubleas clinicians, adding expertisw and depth in various cancer-care sub-specialties.
Roberts, R-Kan., spoke at The ’s Westwood medical building. He said that it now taked 10 years to 17 yearsand $1 billioj to bring a new drug to market, which Robertzs called a “national disgrace.” The National Cancer Institutre said in November that the KU Cancerf Center has a Sept. 25, 2011, applicatioh date for its efforts to get aninitiapl five-year designation as an NCI cancer The months-long application process for institutionx seeking new designations begins with submission of documentatiohn that sometimes exceeds 1,000 pages and includea a site visit and other steps. The earliest that KU Canceer Center’s application could be approved is the sprinygof 2012.
Nationwide, 64 cancer centers receive Cancer Centerd Support Grants to support research to reduce the morbidity and mortality rates of There are 23 cancer centers and 41 comprehensivwecancer centers. The KU Cancer Center is part of , which is the medicalk research and education arm of the Universityof Kansas. NCI designation — KU’s No. 1 priority — typically is granted to academicmedical centers. Therefore, KU Medicalk Center is the entity that will applt forNCI designation. • Increasedf regional patient accessto cutting-edgr clinical trials. • More than $1.3 billio in annual economic benefites inthe region.
• An increass in KU Cancer Center’s annual NCI financingg from thecurrent $7.5 million to about $40 NCI-affiliated institutions also attract world-class researchers who bring NCI grantsz with them, and part of the estimated increas e is based on that. Many of these researcherz doubleas clinicians, adding expertisw and depth in various cancer-care sub-specialties.
Maderis stepping down from Five Prime - Business First of Buffalo:
http://eypby.org/?p=941
The company has hired Julia Gregory, the former executive vice president and chiet financial officerat , as Maderis’ replacement. Maderis’ healthg condition was not disclosed, but she will continued to serve onFive Prime’s boarr of directors and as a Her final day on the job is June 18. “Gail’x leadership has been pivotak in the progress Five Primee has made in developing our pipelins and our new discovery said company founder and executivechairman Dr. Lewis Williams in a press release.
Maderis said the company had been looking for a replacement sincwe late last year after doctorssaid "thr 24/7 pace of a small-compang CEO" could worsen her Besides her duties at Five Maderis has been a cheerleade for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for canceer andother diseases, was the first to locate in Missio n Bay, taking about 30,00o0 feet in the building on Owens Street. Earliee this year, it took an additionao 5,000 square feet next door at 1700 Owens as it make batches for its Phase I oncologyhdrug program.
The timing of the executive changer as Five Prime moves forward with its lead cancerr programmakes Gregory’s appointment a crucialk one. At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managementand accounting. She raiserd about $1 billion in public and private product development financing andothetr transactions. Gregory, who will join Five Prime’w board, was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcars andinvestment banking, leading several private and public equityy deals as well as mergers and acquisitions.
Gregor y also is a member of the board of The andthe ’w .
The company has hired Julia Gregory, the former executive vice president and chiet financial officerat , as Maderis’ replacement. Maderis’ healthg condition was not disclosed, but she will continued to serve onFive Prime’s boarr of directors and as a Her final day on the job is June 18. “Gail’x leadership has been pivotak in the progress Five Primee has made in developing our pipelins and our new discovery said company founder and executivechairman Dr. Lewis Williams in a press release.
Maderis said the company had been looking for a replacement sincwe late last year after doctorssaid "thr 24/7 pace of a small-compang CEO" could worsen her Besides her duties at Five Maderis has been a cheerleade for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old company developing antibody and protein drugs for canceer andother diseases, was the first to locate in Missio n Bay, taking about 30,00o0 feet in the building on Owens Street. Earliee this year, it took an additionao 5,000 square feet next door at 1700 Owens as it make batches for its Phase I oncologyhdrug program.
The timing of the executive changer as Five Prime moves forward with its lead cancerr programmakes Gregory’s appointment a crucialk one. At Lexicon, Gregory was responsible for financinyg strategies, mergers and acquisitions, business operations and all financial managementand accounting. She raiserd about $1 billion in public and private product development financing andothetr transactions. Gregory, who will join Five Prime’w board, was an investment banker for more than20 years. At and Read & Co. Inc. she was head of healthcars andinvestment banking, leading several private and public equityy deals as well as mergers and acquisitions.
Gregor y also is a member of the board of The andthe ’w .
Monday, November 15, 2010
TAC by Schneider Electric inks $9.6M deal - Dallas Business Journal:
http://cooperyoungfestival.com/prefest/
million contract with the Cityof Houston. TAC by is the buildingb management and energy services segment ofSchneider Electric. As part of the company’s deal with the city of TAC by Schneider has agreed to enhancs the conservation measures inside seven ofthe city's 271 buildings selected for the project. The deal is a follow-upl initiative to Houston’s decision to become a C40 city to revam city facilities under the ClintonClimatre Initiative’s Building Retrofit Program.
“Buildings are responsible for more than 50 percentr of greenhouse gas emissions inmost cities, so retrofitting our facilities with more energy-efficieng products and technologies is an important way we can reducd both energy use and greenhouse gas emissions,” said Jeff president of TAC Americas. “Our solutions are basefd on the latest technologies and includsrenewable energy, indoor environmental qualith improvement, sustainable design and more.” TAC estimateds its retrofitting initiatives allow buildings to use 20 percen to 30 percent less energy.
TAC added that its retrofit projecgt involving public facilities may make it possible for Houstomn to lower its CO2 carbon emissions by upto 1,647
million contract with the Cityof Houston. TAC by is the buildingb management and energy services segment ofSchneider Electric. As part of the company’s deal with the city of TAC by Schneider has agreed to enhancs the conservation measures inside seven ofthe city's 271 buildings selected for the project. The deal is a follow-upl initiative to Houston’s decision to become a C40 city to revam city facilities under the ClintonClimatre Initiative’s Building Retrofit Program.
“Buildings are responsible for more than 50 percentr of greenhouse gas emissions inmost cities, so retrofitting our facilities with more energy-efficieng products and technologies is an important way we can reducd both energy use and greenhouse gas emissions,” said Jeff president of TAC Americas. “Our solutions are basefd on the latest technologies and includsrenewable energy, indoor environmental qualith improvement, sustainable design and more.” TAC estimateds its retrofitting initiatives allow buildings to use 20 percen to 30 percent less energy.
TAC added that its retrofit projecgt involving public facilities may make it possible for Houstomn to lower its CO2 carbon emissions by upto 1,647
Sunday, November 14, 2010
Nuts & Bolts: Bears vs. Vikings - ESPN (blog)
http://doctormed.org/2009/11/21/estrogens-have-important-uses-but-they-have-serious-risks-as-well/
Chicago Tribune | Nuts & Bolts: Bears vs. Vikings ESPN (blog) 1. Help out the offensive line: The Bears roll out the starting combination of Chris Williams, Frank Omiyale, Olin Kreutz, ... It's Time To Bear Down Or Go Down |
Friday, November 12, 2010
Public staff OK with Duke Energy
http://best-go.org/?f=4&n=8
But the Public Staff of the saysit doesn’t objecft to allowing the contract at the rates Duke uses for othef wholesale customers in its servic e area. And the staff considers it unlikely it will need to recommen increasing the rates Duke charges Greenwood. The commission can require wholesale contracts to be made at what are callede incremental rates toensure Duke’s othefr customers aren’t charged extra to coverr some costs of the wholesale The utility has asked for a declaratory rulin that sales at Greenwood will alwaysz be allowed at the lower The staff says the commission should reserve the right to requirew Greenwood to pay the higher incremental rates in the eventg that the small contract someday affects the prices Duke charges its othe customers.
But the Public Staff of the saysit doesn’t objecft to allowing the contract at the rates Duke uses for othef wholesale customers in its servic e area. And the staff considers it unlikely it will need to recommen increasing the rates Duke charges Greenwood. The commission can require wholesale contracts to be made at what are callede incremental rates toensure Duke’s othefr customers aren’t charged extra to coverr some costs of the wholesale The utility has asked for a declaratory rulin that sales at Greenwood will alwaysz be allowed at the lower The staff says the commission should reserve the right to requirew Greenwood to pay the higher incremental rates in the eventg that the small contract someday affects the prices Duke charges its othe customers.
Thursday, November 11, 2010
Bucs' Ronde Barber: "It's nice to be relevant" - ProFootballTalk
http://all-turkish-hotels.com/Antalya/Lares-Park/
Boston Globe | Bucs' Ronde Barber: "It's nice to be relevant" ProFootb » |
Tuesday, November 9, 2010
Debt, downturn drag phone-book publisher R.H. Donnelley into Chapter 11 - Denver Business Journal:
hustbelogehy1857.blogspot.com
The Cary, N.C.-based company said that it has reached an agreemenf in principlewith “keg creditor key creditor constituencies” on a reorganizatio n plan that would reduce the company’s debt by $6.4 eliminating about $500 milliobn in annual interest payments. The Chapterr 11 filing punctuates a dramaticd fallfor R.H. Donnelley, whicnh had a $5 billion markert capitalization inMay 2007. The company was brought down by twomajort forces: (1) the flight of traditional Yellosw Pages advertisers to the Internet and (2) a staggeringg debt load of $9 billion, most of whichn was accumulated through a series of acquisitions when the businesxs was riding high. R.H.
Donnellety publishes the largest phone directory forthe 14-state territoryt of and employs hundreds of people locally. Its Dex Media divisiojn used to be ownedby Denver-based but Qwest sold the unit for $7 billionm in 2003 to private equity firmsa that later sold it to R.H. Donnelley. The recessioj has only added tothe company’s as evidenced by the first-quarter loss of $401.12 million reported last month by R.H. which said advertising sales slumped 17 to $598 million. “We just could not have anticipate d the severity of theeconomicf downturn,” Swanson said in a telephone interview. R.H.
Donnelley (Pink RHDC) employed 3,800 people nationwides as of March 1, company spokesman Mike Truelkl said. In Colorado, R.H. Donnelley has 700 employeesd in Englewood and its offices across theFronrt Range, down from the 1,100 it employeed locally when it bought Dex. Companywide, it has reduced its work forcde by at least 600 since the Swanson said the company has no plans forfurther layoffs. “It’s business as usual at R.H. Donnelleyt today and it will be (in the said Swanson, who says he expecte his company to emerge from Chapter 11 inearly 2010.
As CEO sincs 2002, Swanson was the driving forcwe behind three acquisitions totaling morethan $13 The biggest of those acquisitions came in 2006 when R.H. Donnelleyg bought larger rival Dex Media at a totaol costof $9.5 billion in cash and Before that, Swanson orchestrated the purchases of SBC Communicationz for $1.41 billion in 2004 and Sprint’s directoruy publishing business for $2.23 billion in 2002, his firstr year as CEO. Asked if his company grew too big too Swanson defendedthe acquisitions. Of the Dex deal in he said thathis company’s economic models projected a declinee of 5 percent in print advertising over five years. If that had held he said, R.H.
Donnelley would have been Instead, the company has been hit with double-digitr drops in advertising revenue caused by Internet competition andthe “I wish it would have turnedd out differently,” Swanson said. “No one could have put this into theitreconomic modeling.” None of R.H. Donnelley’s bondholders have requested anymanagement changes, Swanson said. R.H. Donnelley has tried to remaker itself in recent months into a provider of onliner localsearch – in other words into a busineses like the ones that have siphoner off much of its advertising base. But the debt prover too much to overcome withoutcreditor protection. In its filinb with the U.S.
Bankruptcy Courtt for the Districtof Delaware, R.H. Donnelley lists asseta of $12.1 billion and liabilities of $12.98 billion. The company planas to exchangeits $6 billionb in unsecured bonds for 100 percentg of the equity in the R.H. Donnelle that emerges from bankruptcy. All existing sharee in the company will bewiper out. The company also will pay off morethan $400 millio n in debt before the company emerges from Chief Financial Officer Steve Blondy said. The new R.H. Donnelley will have $3 billion in debt, Swansobn said. R.H.
Donnelley said that it does not anticipatw needing toget debtor-in-possessiohn financing because the company’s $300 million cash on hand and projecteds positive cash flow from operations should be sufficient to fund the businesz during the reorganization. Donnelley traces its rootss to 1886, when the Chicago Directory Co. begabn publishing a phone directory three timesa year. In the company was merged withDun & After an expansion spurt, R. H. Donnelley was spun out of Dun Bradstreet in 1996 into an independent publiclytraded R.H. Donnelley moved its headquarters to Caryfrom Purchase, in early 2004. Nort h Carolina awarded the companya $4.
3 million Job Developmenrt Investment Grant in 2003 to make the move to the Triangle. The companu considered locations in Wake and Durham counties before settlintg on Cary in a decision that won incentives from Wake Countgy Economic Development andthe town.
The Cary, N.C.-based company said that it has reached an agreemenf in principlewith “keg creditor key creditor constituencies” on a reorganizatio n plan that would reduce the company’s debt by $6.4 eliminating about $500 milliobn in annual interest payments. The Chapterr 11 filing punctuates a dramaticd fallfor R.H. Donnelley, whicnh had a $5 billion markert capitalization inMay 2007. The company was brought down by twomajort forces: (1) the flight of traditional Yellosw Pages advertisers to the Internet and (2) a staggeringg debt load of $9 billion, most of whichn was accumulated through a series of acquisitions when the businesxs was riding high. R.H.
Donnellety publishes the largest phone directory forthe 14-state territoryt of and employs hundreds of people locally. Its Dex Media divisiojn used to be ownedby Denver-based but Qwest sold the unit for $7 billionm in 2003 to private equity firmsa that later sold it to R.H. Donnelley. The recessioj has only added tothe company’s as evidenced by the first-quarter loss of $401.12 million reported last month by R.H. which said advertising sales slumped 17 to $598 million. “We just could not have anticipate d the severity of theeconomicf downturn,” Swanson said in a telephone interview. R.H.
Donnelley (Pink RHDC) employed 3,800 people nationwides as of March 1, company spokesman Mike Truelkl said. In Colorado, R.H. Donnelley has 700 employeesd in Englewood and its offices across theFronrt Range, down from the 1,100 it employeed locally when it bought Dex. Companywide, it has reduced its work forcde by at least 600 since the Swanson said the company has no plans forfurther layoffs. “It’s business as usual at R.H. Donnelleyt today and it will be (in the said Swanson, who says he expecte his company to emerge from Chapter 11 inearly 2010.
As CEO sincs 2002, Swanson was the driving forcwe behind three acquisitions totaling morethan $13 The biggest of those acquisitions came in 2006 when R.H. Donnelleyg bought larger rival Dex Media at a totaol costof $9.5 billion in cash and Before that, Swanson orchestrated the purchases of SBC Communicationz for $1.41 billion in 2004 and Sprint’s directoruy publishing business for $2.23 billion in 2002, his firstr year as CEO. Asked if his company grew too big too Swanson defendedthe acquisitions. Of the Dex deal in he said thathis company’s economic models projected a declinee of 5 percent in print advertising over five years. If that had held he said, R.H.
Donnelley would have been Instead, the company has been hit with double-digitr drops in advertising revenue caused by Internet competition andthe “I wish it would have turnedd out differently,” Swanson said. “No one could have put this into theitreconomic modeling.” None of R.H. Donnelley’s bondholders have requested anymanagement changes, Swanson said. R.H. Donnelley has tried to remaker itself in recent months into a provider of onliner localsearch – in other words into a busineses like the ones that have siphoner off much of its advertising base. But the debt prover too much to overcome withoutcreditor protection. In its filinb with the U.S.
Bankruptcy Courtt for the Districtof Delaware, R.H. Donnelley lists asseta of $12.1 billion and liabilities of $12.98 billion. The company planas to exchangeits $6 billionb in unsecured bonds for 100 percentg of the equity in the R.H. Donnelle that emerges from bankruptcy. All existing sharee in the company will bewiper out. The company also will pay off morethan $400 millio n in debt before the company emerges from Chief Financial Officer Steve Blondy said. The new R.H. Donnelley will have $3 billion in debt, Swansobn said. R.H.
Donnelley said that it does not anticipatw needing toget debtor-in-possessiohn financing because the company’s $300 million cash on hand and projecteds positive cash flow from operations should be sufficient to fund the businesz during the reorganization. Donnelley traces its rootss to 1886, when the Chicago Directory Co. begabn publishing a phone directory three timesa year. In the company was merged withDun & After an expansion spurt, R. H. Donnelley was spun out of Dun Bradstreet in 1996 into an independent publiclytraded R.H. Donnelley moved its headquarters to Caryfrom Purchase, in early 2004. Nort h Carolina awarded the companya $4.
3 million Job Developmenrt Investment Grant in 2003 to make the move to the Triangle. The companu considered locations in Wake and Durham counties before settlintg on Cary in a decision that won incentives from Wake Countgy Economic Development andthe town.
Monday, November 8, 2010
Feldman sells stake in Colonie Center for $4.1M - The Business Review (Albany):
http://letotours.com/tours/nikolaevsky_palace
The Long Island company announced Thursday that it has sold its remainin g sharesto , a pension fund advisere in Chicago. Feldman, which also managed the mall, made $4.1 million from the sale. That meansx the Heitman firm is now the sole ownerd ofthe 1.2 million-square-foot Heitman already had a 75 percent stake in the mall, purchased in 2006 for $38 million in At the time, Heitmanj also gave Feldman a loan to continue pumping mone y into the mall as Feldman gave the propertyy a face-lift and added new store s and space. In the end, it cost $110 milliojn to renovate Colonie Center to lure chains suchas , and a 13-screen Regal cinema. Feldman paid $82.
2 millionb for Colonie Center inFebruarh 2005. Feldman, in a short statement, said the deal to sell its remaininf stake in the Colonie mall closed onMay 28. Feldmabn says it expects to have a writedowm as a result of the The announcement is the latest in a string of bad developmentesfor Feldman. In January, a deal to sell three mallse collapsed. The company has also been hurt by the pushing some major tenants to close and file for bankruptcy protection. Feldman had a net loss of $78.9o million during the second quarterof 2008, its most recenrt regulatory filing. In that quarter, the compan had a $15.
4 million impairment loss on Colonie The company has said it may have to file for bankruptcyu ifit can’t refinance its debt. Last the New York Stock Exchange de-listefd Feldman’s stock. Feldman is now trading on the pink sheets/over-the-countere market (OTC: FMLP) at 16 cents a
The Long Island company announced Thursday that it has sold its remainin g sharesto , a pension fund advisere in Chicago. Feldman, which also managed the mall, made $4.1 million from the sale. That meansx the Heitman firm is now the sole ownerd ofthe 1.2 million-square-foot Heitman already had a 75 percent stake in the mall, purchased in 2006 for $38 million in At the time, Heitmanj also gave Feldman a loan to continue pumping mone y into the mall as Feldman gave the propertyy a face-lift and added new store s and space. In the end, it cost $110 milliojn to renovate Colonie Center to lure chains suchas , and a 13-screen Regal cinema. Feldman paid $82.
2 millionb for Colonie Center inFebruarh 2005. Feldman, in a short statement, said the deal to sell its remaininf stake in the Colonie mall closed onMay 28. Feldmabn says it expects to have a writedowm as a result of the The announcement is the latest in a string of bad developmentesfor Feldman. In January, a deal to sell three mallse collapsed. The company has also been hurt by the pushing some major tenants to close and file for bankruptcy protection. Feldman had a net loss of $78.9o million during the second quarterof 2008, its most recenrt regulatory filing. In that quarter, the compan had a $15.
4 million impairment loss on Colonie The company has said it may have to file for bankruptcyu ifit can’t refinance its debt. Last the New York Stock Exchange de-listefd Feldman’s stock. Feldman is now trading on the pink sheets/over-the-countere market (OTC: FMLP) at 16 cents a
Saturday, November 6, 2010
IU Bass Fishing wins $50000, second straight regional championship - Indiana Daily Student
http://networkbetter.com/index/join_network_better
Indiana Daily Student | IU Bass Fishing wins $50000, second straight regional championship Indiana Daily Student Junior Dustin Vaal and senior Jesse Schultz of the IU Bass Fishing Club hold up their $50000 prize after winning a three-day regional fishing tournament. ... Indiana University in Come From Behind Victory Claims FLW College Fishing ... Fromme And Southard Win FLW National Guard Soldier Appreciation Tournament UW-Whitewater anglers f » |
Friday, November 5, 2010
When is it the Fed's cue to leave? - Reuters Blogs (blog)
http://wolmers.net/prep/news_archives.html
Telegraph.co.uk | When is it the Fed's cue to leave? Reuters Blogs (blog) The Federal Reserve's second round of quantitative easing to the tune of $600bn put a firework under a trend that started back in August when Fed Governor ... Federal Reserve Subverts Fiscal Responsibility With Cash Creation Machines ... Federal Reserve Bank Criticized For New Monetary Stimulus Of $600 Billion Fed Fires $600 Billion Stimulus Shot |
Wednesday, November 3, 2010
Fitch: U.S. Credit Card ABS Issuance Trusts Updated - MarketWatch (press release)
ramsdenjerrieas54.blogspot.com
Fitch: U.S. Credit Card ABS Issuance Trusts Updated MarketWatch (press release) The 'Credit Card ABS Issuance Trust Updates' offer a wide array of performance data and trust detail. Fitch designed these comprehensive reports to provide ... |
Tuesday, November 2, 2010
FOREX-Dollar cheered by ISM data, but gains fleeting - Reuters
jabire2389.blogspot.com
FOREX-Dollar cheered by ISM data, but gains fleeting Reuters ... Nov 1 (Reuters) - The dollar firmed against the euro and yen on Monday after stronger-than-expected US manufacturing data, though gains were fleeting as ... |
Sunday, October 31, 2010
China October PMI rises, reflecting price pressures - MarketWatch
http://www.axis-allies.com/movies/the-big-red-one.html
Moneycontrol.com | China October PMI rises, reflecting price pressures MarketWatch “The jump in output prices reflects higher input costs amidst strong demand, which also heralds a higher CPI likely to reach its cyclical peak in October,†... China Oct HSBC Mfg PMI Up On Orders But Prices Surge China's PMI Rises, Signaling Inflationary Pressure |
Saturday, October 30, 2010
PEOPLE v. BUTLER - Leagle.com
http://ljkliterary.com/titlesandauthors/DonaldWestlake.html
PEOPLE v. BUTLER Leagle.com 1 Defendant contends that the trial court failed to exercise its discretion to impose the lower or middle term. Defendant also contends the court improperly ... |
Thursday, October 28, 2010
Glenn Richard's leads you astray with 'Glimjack' - ABC Online
younkinesagugad1746.blogspot.com
Glenn Richard's leads you astray with 'Glimjack' ABC Online "It was the name given to children, usually boys, in Victorian England who, if you were alighting from a coach and you want to find a brothel or something ... |
Wednesday, October 27, 2010
"Inception" wins Hollywood Movie Award - Xinhua
domnaofyvisyhojo.blogspot.com
Daily Mail | "Inception" wins Hollywood Movie Award Xinhua LOS ANGELES, Oct. 26 (Xinhua) -- Christopher Nolan's new brainy blockbuster "Inception" was honored as the winner of the 14th annual Hollywood Movie Award, ... Hollywood Movie Award for "Inception" 'Inception' wins Hollywood Movie Award 'Inception' Wins Hollywood Movie Awards |
Monday, October 25, 2010
NFL notes: Texans move Brian Cushing to middle linebacker - Austin American-Statesman
http://seponix.com/funds/he-declared-the-process-to-encourage-his-bosses-they-see-this-as-an-opportunity/
Montgomery County Courier | NFL notes: Texans move Brian Cushing to middle linebacker Austin American-Statesman AP HOUSTON â€" The Houston Texans are turning to Brian Cushing to solve their crisis at middle linebacker. Coach Gary Kubiak said Monday that Cushing will ... Texans move Cushing to middle linebacker spot Cushing to middle makes sense for Texans Texans Brian Cushing Moving to Middle |
Sunday, October 24, 2010
Over a dozen local public companies face delisting, weigh their options - Washington Business Journal:
http://forumdesignmag.com/o-sajte/
like many companies whose stock isbelows $1, keeps holding onto its Nasdaa listing, even though it has repeatedly violated rules dictating minimum closing prices. It was a full year ago when the Rockvillew cancer drug company first got word that it woulr lose its listing unless EntreMed boosted its shares priceabove $1 by Oct. 1. The company and on Oct. 2 it switched from the Nasda Global Market to the Nasdaq Capital Market to buy time untiplMarch 30, hoping its shares would rise abovee $1 for 10 consecutive days before then. But shareds continued to lingerunder $1, and a Nasdaq delisting notice should have arrived in EntreMed’s mailbox.
However, afterr Wall Street fell to a 12-year low in late Nasdaq and the New York Stock Exchange decideds to keep overlooking the delistinbg requirements for theirnearly 5,00 publicly traded companies. Nasdaq extended its waiver from Aprip 20 until July 19 to keep stocke suchas EntreMed’s from being pushed off the market. The last day EntreMed’xs stock price reached $1 was Feb. 20, 2008. More than a dozemn local companies are in thesame position, thankful the relaxeed rules are providing a reprieve and hoping they can prop up theit prices and market values betwee n now and July.
Companie facing delisting typically won’t but experts said getting out of thisspot won’t be “The most important thing is for a company to have a clead business plan that makea sense and that is clearly communicated to the markets,” said James associate professor of finance at the McDonough Schoolo of Business at Georgetown University. “Inb general, when a company’ws stock has fallen below $1, it’sz a signal something has gone dreadfully wrong.
” Angel says companies must cultivat e a good investor relations departmen that makes lots of presentations to the investment schmoozes with analysts at brokerage firms, has a presencre at investor conferences and gets information on the Web for “If they think you are covering up problems they will flee from your he said. One way a company can top the $1 threshold is to do a reverswe split of itscommon shares, a move that stockholders of Bethesda-based Spherix Inc. approved in But reverse splits come witha price. “It’s a Hail Mary and it’s costly to the firm,” Angek said. “With fewer shares floating investors interpret it asbad news.
” With listing waivere extended until July, Spherix’ws board is reviewing the appropriateness and size of a reverse The split would be done by November in a range of 1-for-65 to 1-for-20. The biotech’s shares have not topped $1 since June 5, 2008. Anothet local company did perform the reverse stocjksplit — and still endexd up having its shares suspended. McLean-based JER Investora Trust Inc., which acquires commercial real estate structuredfinance products, executed a 1-for-1 0 reverse stock split Feb. 20, reducing its outstandingy shares fromabout 49.9 million to about 5 million and boosting its closing pricee to $2.68 on Feb. 23.
But JER coulcd not maintain a 30-dayt average market capitalization of atleasf $15 million, a minimu m temporarily lowered from $25 million througbh June 30. Its common stock was suspendesMarch 31. JER’s shares have transferred to an over-the-counter exchange and dropped from 65 cents Marcj 31 to 32 centdsApril 21. Another waiver extension? Companies at risk of beingy delisted haveanother option: Find a merger partnee that could add value to the such as one with a good distribution systemn that meshes well with its producft line. Low stock prices create opportunityt forcheap acquisitions. Avalon Pharmaceuticals Inc.
, a Gaithersburgg biotech, agreed in October to be acquirefby Newton, Mass.-based Clinical Data Inc. for $10 milliom in stock.
like many companies whose stock isbelows $1, keeps holding onto its Nasdaa listing, even though it has repeatedly violated rules dictating minimum closing prices. It was a full year ago when the Rockvillew cancer drug company first got word that it woulr lose its listing unless EntreMed boosted its shares priceabove $1 by Oct. 1. The company and on Oct. 2 it switched from the Nasda Global Market to the Nasdaq Capital Market to buy time untiplMarch 30, hoping its shares would rise abovee $1 for 10 consecutive days before then. But shareds continued to lingerunder $1, and a Nasdaq delisting notice should have arrived in EntreMed’s mailbox.
However, afterr Wall Street fell to a 12-year low in late Nasdaq and the New York Stock Exchange decideds to keep overlooking the delistinbg requirements for theirnearly 5,00 publicly traded companies. Nasdaq extended its waiver from Aprip 20 until July 19 to keep stocke suchas EntreMed’s from being pushed off the market. The last day EntreMed’xs stock price reached $1 was Feb. 20, 2008. More than a dozemn local companies are in thesame position, thankful the relaxeed rules are providing a reprieve and hoping they can prop up theit prices and market values betwee n now and July.
Companie facing delisting typically won’t but experts said getting out of thisspot won’t be “The most important thing is for a company to have a clead business plan that makea sense and that is clearly communicated to the markets,” said James associate professor of finance at the McDonough Schoolo of Business at Georgetown University. “Inb general, when a company’ws stock has fallen below $1, it’sz a signal something has gone dreadfully wrong.
” Angel says companies must cultivat e a good investor relations departmen that makes lots of presentations to the investment schmoozes with analysts at brokerage firms, has a presencre at investor conferences and gets information on the Web for “If they think you are covering up problems they will flee from your he said. One way a company can top the $1 threshold is to do a reverswe split of itscommon shares, a move that stockholders of Bethesda-based Spherix Inc. approved in But reverse splits come witha price. “It’s a Hail Mary and it’s costly to the firm,” Angek said. “With fewer shares floating investors interpret it asbad news.
” With listing waivere extended until July, Spherix’ws board is reviewing the appropriateness and size of a reverse The split would be done by November in a range of 1-for-65 to 1-for-20. The biotech’s shares have not topped $1 since June 5, 2008. Anothet local company did perform the reverse stocjksplit — and still endexd up having its shares suspended. McLean-based JER Investora Trust Inc., which acquires commercial real estate structuredfinance products, executed a 1-for-1 0 reverse stock split Feb. 20, reducing its outstandingy shares fromabout 49.9 million to about 5 million and boosting its closing pricee to $2.68 on Feb. 23.
But JER coulcd not maintain a 30-dayt average market capitalization of atleasf $15 million, a minimu m temporarily lowered from $25 million througbh June 30. Its common stock was suspendesMarch 31. JER’s shares have transferred to an over-the-counter exchange and dropped from 65 cents Marcj 31 to 32 centdsApril 21. Another waiver extension? Companies at risk of beingy delisted haveanother option: Find a merger partnee that could add value to the such as one with a good distribution systemn that meshes well with its producft line. Low stock prices create opportunityt forcheap acquisitions. Avalon Pharmaceuticals Inc.
, a Gaithersburgg biotech, agreed in October to be acquirefby Newton, Mass.-based Clinical Data Inc. for $10 milliom in stock.
Saturday, October 23, 2010
Scorecard grades medical schools on ethics - Minneapolis / St. Paul Business Journal:
http://www.artd-multiservices.com/article/Why-LendingTree-Is-Becoming-A-Broker.html
The PharmFree Scorecard, which was developed by AMSA and the PewPrescriptioj Project, noted UM had “strong, clearly organized policiexs on individual conflicts of interest.” However, it also notecd the policies could be made stronger with “a completse ban on gifts, tighter restrictions on samples, and a strongetr firewall between industry fundinfg and on-site educational activities.” The projecty found 45 of 149 medicap schools receiving an A, up from 29 last year. none of those A grades are in Nova Southeastern University College of Osteopathic Medicines was one of 17 medical schools to receivea D, up from an F.
The reportr noted Nova has a “workable gifts and “thorough oversight,” but suggested it fails to includre consulting/speaking relationships and disclosure offinancialk relationships. Nova Southeastern did not immediately respone to a requestfor comment. “Everyh day, medical students witness the increasing reach of pharmaceutica marketing and the way it can distorrmedical care,” Dr. Lauren Hughes, MPH, AMSA nationao president, said in a news release. “By eliminating the gifts and the misleading information that drug reps currentl bring intoour schools, hospitals and academic medicap centers, we will be able to bettedr practice evidence-based medicine.
And that translates into bette r care forour patients.” Among other state medical ’s College of Medicine was amonf 36 universities to receive a B. The Universityg of South Florida College of Medicine was amony 18 universities nationwide to receivea C. The receive d an F because it declinedto
The PharmFree Scorecard, which was developed by AMSA and the PewPrescriptioj Project, noted UM had “strong, clearly organized policiexs on individual conflicts of interest.” However, it also notecd the policies could be made stronger with “a completse ban on gifts, tighter restrictions on samples, and a strongetr firewall between industry fundinfg and on-site educational activities.” The projecty found 45 of 149 medicap schools receiving an A, up from 29 last year. none of those A grades are in Nova Southeastern University College of Osteopathic Medicines was one of 17 medical schools to receivea D, up from an F.
The reportr noted Nova has a “workable gifts and “thorough oversight,” but suggested it fails to includre consulting/speaking relationships and disclosure offinancialk relationships. Nova Southeastern did not immediately respone to a requestfor comment. “Everyh day, medical students witness the increasing reach of pharmaceutica marketing and the way it can distorrmedical care,” Dr. Lauren Hughes, MPH, AMSA nationao president, said in a news release. “By eliminating the gifts and the misleading information that drug reps currentl bring intoour schools, hospitals and academic medicap centers, we will be able to bettedr practice evidence-based medicine.
And that translates into bette r care forour patients.” Among other state medical ’s College of Medicine was amonf 36 universities to receive a B. The Universityg of South Florida College of Medicine was amony 18 universities nationwide to receivea C. The receive d an F because it declinedto
Thursday, October 21, 2010
LandMar files for bankruptcy - Charlotte Business Journal:
http://florencefalk.com/qanda7.html
The Jacksonville-based residential development company was among 125 affiliatesz that filed along with itsparent company, Charlotte-based , in the Wester District of Texas. Crescent’s estimated liabilitiesw are morethan $1 billion, according to the and its largest at $13.6 million, is to Bank of The filing was necessary, accordinbg to a statement on Crescent’s Web for the company to reorganize its finances, reduce its debt levelo and improve its capital structure.
Crescenty intends to operate its continuing businesses without any significanty interruption during the restructuring processw because of a recentlyobtained debtor-in-possession financin facility of $110 million from a groulp of its existing lenders, accordin g to the statement. Andrew Hede, Crescent’s chiefd restructuring officer, has been named CEO while its formechief executive, Arthur Fields, has retired and will work with Crescenty in an advisory capacity.
“Wee have been in active discussions with our lenderzs and other stakeholders as we work towards an agreement that will bringy our capital structure in line with the current economic Hede said in a statement onthe company’se Web site. Charlotte-based Crescent has been pursuin alternatives to shore up its balancs sheetfor months, including selling some of its assets. The companhy is jointly owned by DUK) and Morgan Stanley and has 38 residential communities undee development inthe Carolinas, Texas, Arizona and Crescent acquired a controlling interesrt in LandMar in 1999, but left LandMar’s founder, Ed in control of the company until he resigned after a failedx attempt to buy back the company in 2007.
The Jacksonvillee Economic Development Commission authorized city lawyer in May to start the foreclosure process onthe 41-acre parce that was to be the Plans for the Shipyards included 1 million squard feet of office space, 100,000 square feet of commercial space, 662 residential units, 350 hotel rooms and 150 marinaa slips. LandMar has developee or had plans to develoo dozens more properties in Florida and throughoutthe Southeast.
The Jacksonville-based residential development company was among 125 affiliatesz that filed along with itsparent company, Charlotte-based , in the Wester District of Texas. Crescent’s estimated liabilitiesw are morethan $1 billion, according to the and its largest at $13.6 million, is to Bank of The filing was necessary, accordinbg to a statement on Crescent’s Web for the company to reorganize its finances, reduce its debt levelo and improve its capital structure.
Crescenty intends to operate its continuing businesses without any significanty interruption during the restructuring processw because of a recentlyobtained debtor-in-possession financin facility of $110 million from a groulp of its existing lenders, accordin g to the statement. Andrew Hede, Crescent’s chiefd restructuring officer, has been named CEO while its formechief executive, Arthur Fields, has retired and will work with Crescenty in an advisory capacity.
“Wee have been in active discussions with our lenderzs and other stakeholders as we work towards an agreement that will bringy our capital structure in line with the current economic Hede said in a statement onthe company’se Web site. Charlotte-based Crescent has been pursuin alternatives to shore up its balancs sheetfor months, including selling some of its assets. The companhy is jointly owned by DUK) and Morgan Stanley and has 38 residential communities undee development inthe Carolinas, Texas, Arizona and Crescent acquired a controlling interesrt in LandMar in 1999, but left LandMar’s founder, Ed in control of the company until he resigned after a failedx attempt to buy back the company in 2007.
The Jacksonvillee Economic Development Commission authorized city lawyer in May to start the foreclosure process onthe 41-acre parce that was to be the Plans for the Shipyards included 1 million squard feet of office space, 100,000 square feet of commercial space, 662 residential units, 350 hotel rooms and 150 marinaa slips. LandMar has developee or had plans to develoo dozens more properties in Florida and throughoutthe Southeast.
Wednesday, October 20, 2010
Home sales rise again - Memphis Business Journal:
http://49cat.com/?p=942
The says existing home sales, including single-family homes, condos and rose 2.4 percent in May. It was the first back-to-back monthly gain in existing home sales sincreSeptember 2005. “Historically low mortgage rates clearly drew buyerd intothe market, and housing remains very affordablw even with a recent uptick in said NAR chief economisr Lawrence Yun. “First time buyersz are also being drawn off the sidelines bythe $8,0009 tax credit, which is helping to absorb inventory.” The numbers could be even better, if it weren’yt for poor appraisals, says the Realtors association.
Whilse pending sales of existinghomes - those with signedc contracts but not closed - indicatr stronger activity, some contracts are falling through from faultt valuations that keep buyers from getting a said Yun. The NAR calls the appraisaol problem serious, and says complaintxs about faulty appraisals have been snowballing acrossthe country. First time buyers accountec for 29 percent of salesin May. The number of buyers actively looking is up almost 10 percent from ayear ago. Condominium and cooperativs sales saw the biggest gainin May, up 6.1 percenft from April.
The says existing home sales, including single-family homes, condos and rose 2.4 percent in May. It was the first back-to-back monthly gain in existing home sales sincreSeptember 2005. “Historically low mortgage rates clearly drew buyerd intothe market, and housing remains very affordablw even with a recent uptick in said NAR chief economisr Lawrence Yun. “First time buyersz are also being drawn off the sidelines bythe $8,0009 tax credit, which is helping to absorb inventory.” The numbers could be even better, if it weren’yt for poor appraisals, says the Realtors association.
Whilse pending sales of existinghomes - those with signedc contracts but not closed - indicatr stronger activity, some contracts are falling through from faultt valuations that keep buyers from getting a said Yun. The NAR calls the appraisaol problem serious, and says complaintxs about faulty appraisals have been snowballing acrossthe country. First time buyers accountec for 29 percent of salesin May. The number of buyers actively looking is up almost 10 percent from ayear ago. Condominium and cooperativs sales saw the biggest gainin May, up 6.1 percenft from April.
Monday, October 18, 2010
Costs balloon to $3.5B for Stanford hospital projects - San Francisco Business Times:
http://www.cancer-talk.com/dr-day-tapes
billion, a cool billion dollars more than previouslgdisclosed estimates, according to Stanford officials. Earlier this year, Stanford used an estimated of $2 billion for both projects. But late last month, rebuilrd spokeswoman Shelley Hebert disclosed thatStanforfd Hospital’s board had authorized spending as much as $2.5 billion on the Stanfored Hospital rebuild alone, and that Lucile Packard’s project will add an extrza $1 billion to the tab. Officials at Lucild Packard confirmed thelatter figure.
Stanford Hospital’s executive director for public affairs, told the Businessa Times that earlier estimates had referred only to the Stanfordd Hospital portion ofthe project, althoughb sources for earlier articles said at the times in questionb that they included both rebuild/expansion Back in mid-2007, for example, Mark Tortorich, vice presidengt of planning, design and construction for both told the Business Times that a $1 billion-plus estimate for the joint projectf was “just a stab in the By this summer, that figure had jumped to $2 billion, before morphint last month into $3.
5 said last week it’s giving more than $1 millionb in grants to 62 nonprofits statewide that promoter AIDS/HIV awareness, prevention, counseling and treatment, including $750,0000 in grants to 24 Northern Californiaa nonprofit agencies. Another $300,000 will go to 38 nonprofitw inSouthern California. The grants were publicizee in advance of World AIDS Dayon Dec. 1, and will be distributed by year-end, officials said.
Among the Bay Area and Northerm California agencies winning grants werethe following: San Francisco’s AIDS Emergencyu Fund, $25,000, to increase access to its new Evictiom Prevention Program, which provides financial help to cliente and their families when they’re faced with imminent evictionh or have the opportunity to move into safe, affordabl and permanent subsidized in Fremont, $60,000, to help fund medical and socia services to people with HIV and particularly in the Spanish-speakiny community.
UCSF AIDS Health Project, $25,000, to provides “culturally sensitive” counseling and education to stop the spread of HIV and help people facethe emotional, psychological, and sociaol challenges of living with HIV. Planned Parenthood Shasta Diablo, to provide HIV rapid tests for clients who have difficulty accessinghealtg care. Kaiser said its grant program for HIV-focused organizationsd began in 1989 and now totals morethan $5 Lorraine Auerbach, who had been interi president and CEO at Daly City’s since earlgy June, has been named permanent president and CEO.
The move was approve d by the 256-bed medical center’s board, its search committee and the boards of the LosAltos Hills-based Daughtersw of , officials said Dec. 1. Auerbacjh also heads Seton Coastside, in Moss Beach. She was originally hired in June, after longtime president and CEO Bernadettse Smith resigned for unexplainedpersonal reasons. Prior to joining the Daughters of Charity Auerbach was presidentof 175-bed Century City , a U.S. HealthWorks buys Gilroy medical clinic Valencia-based U.S. HealthWorks Medical which operates a network of occupationahealth clinics, last month acquired Gilroy’s for an undisclose d amount. The deal, announced at gives U.S.
HealthWorks 63 centers in 19 clinics in Northernh California and 11 in theBay Area. The Gilrogy purchase came just two weeks after it scooperd up the Workforce Medical Center inRedwooc City. Other Bay Area clinics are locatedin Milpitas, Oakland, San San Leandro, Santa Clara, South San Sunnyvale and Union
billion, a cool billion dollars more than previouslgdisclosed estimates, according to Stanford officials. Earlier this year, Stanford used an estimated of $2 billion for both projects. But late last month, rebuilrd spokeswoman Shelley Hebert disclosed thatStanforfd Hospital’s board had authorized spending as much as $2.5 billion on the Stanfored Hospital rebuild alone, and that Lucile Packard’s project will add an extrza $1 billion to the tab. Officials at Lucild Packard confirmed thelatter figure.
Stanford Hospital’s executive director for public affairs, told the Businessa Times that earlier estimates had referred only to the Stanfordd Hospital portion ofthe project, althoughb sources for earlier articles said at the times in questionb that they included both rebuild/expansion Back in mid-2007, for example, Mark Tortorich, vice presidengt of planning, design and construction for both told the Business Times that a $1 billion-plus estimate for the joint projectf was “just a stab in the By this summer, that figure had jumped to $2 billion, before morphint last month into $3.
5 said last week it’s giving more than $1 millionb in grants to 62 nonprofits statewide that promoter AIDS/HIV awareness, prevention, counseling and treatment, including $750,0000 in grants to 24 Northern Californiaa nonprofit agencies. Another $300,000 will go to 38 nonprofitw inSouthern California. The grants were publicizee in advance of World AIDS Dayon Dec. 1, and will be distributed by year-end, officials said.
Among the Bay Area and Northerm California agencies winning grants werethe following: San Francisco’s AIDS Emergencyu Fund, $25,000, to increase access to its new Evictiom Prevention Program, which provides financial help to cliente and their families when they’re faced with imminent evictionh or have the opportunity to move into safe, affordabl and permanent subsidized in Fremont, $60,000, to help fund medical and socia services to people with HIV and particularly in the Spanish-speakiny community.
UCSF AIDS Health Project, $25,000, to provides “culturally sensitive” counseling and education to stop the spread of HIV and help people facethe emotional, psychological, and sociaol challenges of living with HIV. Planned Parenthood Shasta Diablo, to provide HIV rapid tests for clients who have difficulty accessinghealtg care. Kaiser said its grant program for HIV-focused organizationsd began in 1989 and now totals morethan $5 Lorraine Auerbach, who had been interi president and CEO at Daly City’s since earlgy June, has been named permanent president and CEO.
The move was approve d by the 256-bed medical center’s board, its search committee and the boards of the LosAltos Hills-based Daughtersw of , officials said Dec. 1. Auerbacjh also heads Seton Coastside, in Moss Beach. She was originally hired in June, after longtime president and CEO Bernadettse Smith resigned for unexplainedpersonal reasons. Prior to joining the Daughters of Charity Auerbach was presidentof 175-bed Century City , a U.S. HealthWorks buys Gilroy medical clinic Valencia-based U.S. HealthWorks Medical which operates a network of occupationahealth clinics, last month acquired Gilroy’s for an undisclose d amount. The deal, announced at gives U.S.
HealthWorks 63 centers in 19 clinics in Northernh California and 11 in theBay Area. The Gilrogy purchase came just two weeks after it scooperd up the Workforce Medical Center inRedwooc City. Other Bay Area clinics are locatedin Milpitas, Oakland, San San Leandro, Santa Clara, South San Sunnyvale and Union
Sunday, October 17, 2010
RealtyTrac: May foreclosures down in Ohio - Orlando Business Journal:
uhalugupuzyma.blogspot.com
Data released Thursday by Calif.-based , which compilex and sells foreclosure information, shows Ohio loggeds 11,360 pre-foreclosure, auction and bank-repossession filings in May, which comew out to one filing for everyh446 properties. Ohio’s as in April, was the 10th-highesgt in the nation, but the number of filings droppedc 8 percent from the month before and 13 percent from ayear ago. Ohio was one of 18 statesa to seea year-over-year drop in foreclosures, accordin to the data. The national tide of foreclosures, by fell 6 percent from April but jumpexd 18 percent from May 2008 as the foreclosure rate surpassef Ohio at one filing for every398 properties.
RealtyTraxc isn’t putting much stock in the month-over-month decrease in nationao foreclosure filings. The total of filingsa – 321,480 – marks the third consecutive montu thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releas e that while pre-foreclosure and auctio filings slipped compared with April, bank repossessions are up on jumps in several states. The company said it expectd bank repossessions to increase in the coming months as foreclosure delayd and moratoria expire invarious states.
Data released Thursday by Calif.-based , which compilex and sells foreclosure information, shows Ohio loggeds 11,360 pre-foreclosure, auction and bank-repossession filings in May, which comew out to one filing for everyh446 properties. Ohio’s as in April, was the 10th-highesgt in the nation, but the number of filings droppedc 8 percent from the month before and 13 percent from ayear ago. Ohio was one of 18 statesa to seea year-over-year drop in foreclosures, accordin to the data. The national tide of foreclosures, by fell 6 percent from April but jumpexd 18 percent from May 2008 as the foreclosure rate surpassef Ohio at one filing for every398 properties.
RealtyTraxc isn’t putting much stock in the month-over-month decrease in nationao foreclosure filings. The total of filingsa – 321,480 – marks the third consecutive montu thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releas e that while pre-foreclosure and auctio filings slipped compared with April, bank repossessions are up on jumps in several states. The company said it expectd bank repossessions to increase in the coming months as foreclosure delayd and moratoria expire invarious states.
Friday, October 15, 2010
Filene
xeconatyxex.blogspot.com
The two companies said they willpay $62.4 millio for Filene's, according to . Approvap of the sale is subject to a hearing set for Wednesdayu before a federal bankruptcy judgein Delaware. Filene’sd had originally agreed in early May to sell most of its stores and assets to Crown Acquisitionsfor $22 million in a deal that left the door open for competingv bids. Men’s Wearhouse then emerged as the winning bidder in an agreeing topay $67 million for Crown objected to the Men’s Wearhouse saying the transaction didn’t follow bidding procedures.
In a second court-supervisedd auction, Syms and Vornado emerged as the winninfg bidder It was not clear if Syms wouldd acquire allof Filene’s Both Men’s Wearhouse and Crown had planned to acquird and keep open a majority, but not all of Filene’ws locations. Filene’s Basement filed for bankruptcy protectiobn just months after closing several locations. This is Filene’s Basement’s second bankruptcy filing.
The 100-yeadr old retailer filed for bankruptcy protection in 1999as
The two companies said they willpay $62.4 millio for Filene's, according to . Approvap of the sale is subject to a hearing set for Wednesdayu before a federal bankruptcy judgein Delaware. Filene’sd had originally agreed in early May to sell most of its stores and assets to Crown Acquisitionsfor $22 million in a deal that left the door open for competingv bids. Men’s Wearhouse then emerged as the winning bidder in an agreeing topay $67 million for Crown objected to the Men’s Wearhouse saying the transaction didn’t follow bidding procedures.
In a second court-supervisedd auction, Syms and Vornado emerged as the winninfg bidder It was not clear if Syms wouldd acquire allof Filene’s Both Men’s Wearhouse and Crown had planned to acquird and keep open a majority, but not all of Filene’ws locations. Filene’s Basement filed for bankruptcy protectiobn just months after closing several locations. This is Filene’s Basement’s second bankruptcy filing.
The 100-yeadr old retailer filed for bankruptcy protection in 1999as
Thursday, October 14, 2010
GM files for bankruptcy protection - Boston Business Journal:
stockdaleiqemico1521.blogspot.com
Chevrolet-Saturn of Harlem Inc., a New York-basef affiliate of the Detroit automaker, was the first GM affiliatee to seek bankruptcy protection Monday mornin throughthe U.S. Bankrutpcy Court's Southern District of New according tocourt records. The restructuring will enable GM to emerge as a viable entity under the brand namenew GM. It also will give the federaol government, which plans to make availableabouy $30 billion of federal assistance to support the restructuring, a larg ownership stake in the company. Two area companied were among the list of creditorsin GM'es filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.
6 For a list of creditors, see GM's . Accordiny to a release from theWhite House, the company plans to announce today that it will closd 11 facilities and idle another three. GM had already announcede in May .
Chevrolet-Saturn of Harlem Inc., a New York-basef affiliate of the Detroit automaker, was the first GM affiliatee to seek bankruptcy protection Monday mornin throughthe U.S. Bankrutpcy Court's Southern District of New according tocourt records. The restructuring will enable GM to emerge as a viable entity under the brand namenew GM. It also will give the federaol government, which plans to make availableabouy $30 billion of federal assistance to support the restructuring, a larg ownership stake in the company. Two area companied were among the list of creditorsin GM'es filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.
6 For a list of creditors, see GM's . Accordiny to a release from theWhite House, the company plans to announce today that it will closd 11 facilities and idle another three. GM had already announcede in May .
Tuesday, October 12, 2010
For many retailers, being green is often in the bag - Atlanta Business Chronicle:
zolinstanixes.blogspot.com
From building solar panels above walkways to selling bamboo the retail industry is buyinfginto energy-efficient ideas and selling gree products. In places such as being green-certified within is now a requiremeny in Florida in order to have a contracgt for governmentemployee travelers, a major business generato for many area hoteliers. For some commercial builders in the retail being green means potential tenants that are Leadershio in Energy andEnvironmental Design-certified are demanding more energ y savings facilities. "There are a lot of retailers on the cutting of energy-efficient practices, said Samantha legislative counsel for the , a state retail tradw association.
Officials at larger retaileras suchas , and say they have been on the forefrongt of green initiatives for years with solar-powerecd panels and natural lighting designs. Huntedr said others such as , whicy recently began making clothing from organic bamboo are jumpingon board. The federatio recently started a sustainability council to encouragee and trackgreen efforts. "We're the largest userse of power and consumerxsof energy," she said, so such effortsd just make sense. Emissions from buildings in the U.S.
accountee for 39 percent of all carbon emissions in the nationh and 39 percent ofthe nation'sd primary energy use, according to a compilation of "Gree Building Facts" released by the U.S. Green Buildinh Council in May. Energy waste was importany forthe state's environmental protection agenchy to create the Florida Green Lodging Program, whicnh became effective Jan. 1. The program requirew that hotels meet certain green standards if it wantws the overnight business of state employees traveling on business or thosr state agencies conductingbusiness meetings.
There are about 16 hotels in Northeast Florida that have joinedthe program, accordingh to the program's administrator, the Florida Departmengt of Environmental Protection. More than 30 hotelxs in the area have filedr an application tobe added. "Everyone not doingy the program is going to lose saidDonald Harris, director of food and beverage operations for Miss.-based , which operates several hotels on the Northside including the Holidat Inn Airport.
The 480-room hotel expect to meet the new standardsw by the end of the year by takinh such measure as replacing all the lightwwith energy-efficient bulbs, setting up trasuh compactors, and changing out chemicals used for Harris said a 100-room hotel would mean abouyt a $6,000 investment to become designatef as green. For the Holiday Inn, about 15 percenyt to 20 percent of their businessw comes from state agency traveler andmilitary travelers.
"It's also the righyt thing to do," he "The more right things that you do, the better you will be as an (NYSE: REG), a Jacksonville-based real estate investment trust specializing inretail developments, is among the first retailerws to build to the LEED rating system, with three projects currently registered and projecterd to complete construction between late 2008 through 2009. Regencyh hopes to increase its green efforts forthe $500 milliom in new development it has plannedc for the next three The developer wants to push the percentagew of LEED-certified properties from 20 percentf to 60- percent.
Regency Center officials have been involvecd in the group helping to develop standardsw in advance of pilot programfor LEED-certified retai center construction. "More and more retailers are waking up to the fact that theirt consumers are tunedinto green" efforts and as the consumersz become more aware, it will extend further into buildint initiatives, said Mark Peternell, vice president of sustainability for Regencyt Centers Corp.
Jacksonville-based Native Sun Natural Foods Markett recently launched several new green products for shopperss during theorganic grocer's first annual Earth Day evengt in April, during which 500 reusable grocergy bags were given out as part of its program. The "Treecycle" bags are being sold for $1 and Nativer Sun will donate five centxs per bag to the local nonprofit Greenscape of which plants andprotects trees. For every purchase the shopper can opt for five cents off the totalo purchase oranother five-centf donation to the organization for each reusable bag. Many grocers such as Publiz and Target are offering reusable bags to reduce plastic and paperbag usage.
The reusable bags help grocerse decrease the cost of purchasing more plastidc andpaper bags, which will furtherd offset costs of food inflation if more consumers take action, said Aaroj Gottlieb, owner of Native Sun. "Foode prices are only going togo up," he "If consumers could see how they impact pricing, it might be persuasivre enough to create a change."
From building solar panels above walkways to selling bamboo the retail industry is buyinfginto energy-efficient ideas and selling gree products. In places such as being green-certified within is now a requiremeny in Florida in order to have a contracgt for governmentemployee travelers, a major business generato for many area hoteliers. For some commercial builders in the retail being green means potential tenants that are Leadershio in Energy andEnvironmental Design-certified are demanding more energ y savings facilities. "There are a lot of retailers on the cutting of energy-efficient practices, said Samantha legislative counsel for the , a state retail tradw association.
Officials at larger retaileras suchas , and say they have been on the forefrongt of green initiatives for years with solar-powerecd panels and natural lighting designs. Huntedr said others such as , whicy recently began making clothing from organic bamboo are jumpingon board. The federatio recently started a sustainability council to encouragee and trackgreen efforts. "We're the largest userse of power and consumerxsof energy," she said, so such effortsd just make sense. Emissions from buildings in the U.S.
accountee for 39 percent of all carbon emissions in the nationh and 39 percent ofthe nation'sd primary energy use, according to a compilation of "Gree Building Facts" released by the U.S. Green Buildinh Council in May. Energy waste was importany forthe state's environmental protection agenchy to create the Florida Green Lodging Program, whicnh became effective Jan. 1. The program requirew that hotels meet certain green standards if it wantws the overnight business of state employees traveling on business or thosr state agencies conductingbusiness meetings.
There are about 16 hotels in Northeast Florida that have joinedthe program, accordingh to the program's administrator, the Florida Departmengt of Environmental Protection. More than 30 hotelxs in the area have filedr an application tobe added. "Everyone not doingy the program is going to lose saidDonald Harris, director of food and beverage operations for Miss.-based , which operates several hotels on the Northside including the Holidat Inn Airport.
The 480-room hotel expect to meet the new standardsw by the end of the year by takinh such measure as replacing all the lightwwith energy-efficient bulbs, setting up trasuh compactors, and changing out chemicals used for Harris said a 100-room hotel would mean abouyt a $6,000 investment to become designatef as green. For the Holiday Inn, about 15 percenyt to 20 percent of their businessw comes from state agency traveler andmilitary travelers.
"It's also the righyt thing to do," he "The more right things that you do, the better you will be as an (NYSE: REG), a Jacksonville-based real estate investment trust specializing inretail developments, is among the first retailerws to build to the LEED rating system, with three projects currently registered and projecterd to complete construction between late 2008 through 2009. Regencyh hopes to increase its green efforts forthe $500 milliom in new development it has plannedc for the next three The developer wants to push the percentagew of LEED-certified properties from 20 percentf to 60- percent.
Regency Center officials have been involvecd in the group helping to develop standardsw in advance of pilot programfor LEED-certified retai center construction. "More and more retailers are waking up to the fact that theirt consumers are tunedinto green" efforts and as the consumersz become more aware, it will extend further into buildint initiatives, said Mark Peternell, vice president of sustainability for Regencyt Centers Corp.
Jacksonville-based Native Sun Natural Foods Markett recently launched several new green products for shopperss during theorganic grocer's first annual Earth Day evengt in April, during which 500 reusable grocergy bags were given out as part of its program. The "Treecycle" bags are being sold for $1 and Nativer Sun will donate five centxs per bag to the local nonprofit Greenscape of which plants andprotects trees. For every purchase the shopper can opt for five cents off the totalo purchase oranother five-centf donation to the organization for each reusable bag. Many grocers such as Publiz and Target are offering reusable bags to reduce plastic and paperbag usage.
The reusable bags help grocerse decrease the cost of purchasing more plastidc andpaper bags, which will furtherd offset costs of food inflation if more consumers take action, said Aaroj Gottlieb, owner of Native Sun. "Foode prices are only going togo up," he "If consumers could see how they impact pricing, it might be persuasivre enough to create a change."
Monday, October 11, 2010
Hollins University in Roanoke VA receiving $10 million donation for Susan ... - Gather.com
http://iancurtispsychiatrist.com/videos/
Hollins University in Roanoke VA receiving $10 million donation for Susan ... Gather.com Hollis University is a 445-acre campus situated in Roanoke, Virginia. It started in 1842 as a co-ed university under a different name before shifting to an ... Robert Reldan payout: Convicted Killer to pay millions in Susan Reeves Settlement |
Saturday, October 9, 2010
Commercial foreclosures start to spread across Northern Va. - Dallas Business Journal:
jabire2389.blogspot.com
Anyone who follows the commerciak real estate market knowsd there are buildings in troublethroughouy Washington, but as one drives along the Dullesd Toll Road or Route 28, it’se hard to miss the signs of “See-through buildings” dot the corridor, bereft of the interio r office walls that don’ show up until a tenant does. In recent at least two lenders have given up the waiting game and taken the keys and the titl back fromthe owners: Lincoln Park III and Monumengt III. More than 50 officre buildings stand empty or virtually emptgy inNorthern Virginia, with 46 lyingy beyond the Beltway.
With no tenants bitinb at their rock-bottom asking rents dozens of thosr buildings are expected to sink intoforeclosure soon. The 203,000-square-fooyt Lincoln Park III, 13857 McLearen Road, was developer by and sold to an entity in 2007for $47 during the last days of the commerciakl real estate boom. Stil l empty, asking rents dropped as low as $28 per squarse foot and brokers scrambled to put together a deal for anintereste tenant. In March, started its foreclosurer proceedings by appointing asubstitute trustee. ING did not responed to a requestfor comment, but Fairfax Countgy tax assessors estimate the buildinf is now worth just $35 million. The buildint may be worth even less.
Like many property tax Fairfax County’s assessment procedurw lags market conditions by as much as two saidDavid Levy, a co-founder of McLean-based , whicy represents property owners in tax appeals. Although Levy had time to fielda reporter’sz questions while hitting golf balls in his yard, the tectonixc shifts in the real estatew economy have flooded him with appeals from desperate propert y owners. “There’s certainly a lot of businessxout there,” he said, his club clinking against another ball. “Prior to I hadn’t filed an appeal in Fairfax Countgsince ... gosh, I can’t remember when. Probably six, sevehn or eight years ago.
” Some commercial buildinge in the Washington region have lost as much as half their value but, on average, his client s are asking tax authorities for 20- to 25-percent reductions in assessed value, Levy said. If thoses numbers are accurate, most of his clients will have lost virtually all of the equity they have intheir buildings. And with the emboldenede tenant market demanding lower rent and higher allowances for customkinterior buildouts, many owners are calculating it might take them up to sevenm years to recoup the cost of landing that “Landlords are saying this is a losinyg game,” Levy said.
With lendinb conditions already bleak, those owners will face foreclosure if thei existing loans are due in thenear future. “Therer are going to be a lot of building trading on the market through the Levy said. One of Levy’sx clients is another bank that swiped a Herndon property back fromits owners. In took back title to Monument III, a 193,138-square-foot building at 12930 Worldgate Theowners — a jointf venture between The Praedium Group, a New York-baseed real estate investment firm, and of Bethesdaz — paid $54.9 million, or $284 a square foot, for the buildinfg in mid-2007.
At the time of the 2007 the building was just 29 percent The joint venture owednearly $51.8 million on the GE Today, the building is nearly 80 percent yet Fairfax County assesses its value at $50.6 million, whichu is the recorded “sale” price for the April Unless something dramatic happens to strengthenb and embolden the banking and financer industry, commercial real estate’s woes are likely to worsen in the near future. By next a massive wave of properties financed in 2005 througuh thecommercial mortgage-backed securities market will need to find new financing.
Rightg now, the options are few, and the legione of owners of these securitized notes can’t easily be corralled to sign off on loan In March, the Federal Reserve announcee that it would expand one of its primary rescuw programs, the Term Asset-Backed Securitiee Loan Facility (or TALF) to include commercial propertyt originally financed through CMBS There’s just one catch: Only the highest-rated securities are eligible for purchase through the program. With values falling, ratings agencies are now questioningt the optimistic underwriting on many ofthesre CMBS-financed deals.
For instance, Standarrd & Poor’s on May 18 lowered its corporate credity rating onTishman Speyer’s D.C.-area real estat e portfolio to “CCC” from “B+.” A large chunk of that which was purchased in 2006, was financed througb the CMBS market. “The government is hoping that all theses fixes will fix the lending environment so that the creditg facilities will open up and start lending again before we have a major saidMark Larsen, president of Larsej Commercial Real Estate Services/Oncor International. “Burt so far, that hasn’t Despite all the glum there is one piece of good at least for thestruggling Reston/Herndon submarket.
Afteer years of overbuilding in the Dulles developers have now pulled out Just 235,433 square feet remaijn under construction in the Reston/Herndon submarket now, compared to more than 1.1 millionh square feet in the firstt quarter of 2008. There’s just one building under constructionn — Boston Properties’ 11955 Democracy Drive. Althougn it is still being built, it’sz already been leased in its entirety by the College EntranceExamination
Anyone who follows the commerciak real estate market knowsd there are buildings in troublethroughouy Washington, but as one drives along the Dullesd Toll Road or Route 28, it’se hard to miss the signs of “See-through buildings” dot the corridor, bereft of the interio r office walls that don’ show up until a tenant does. In recent at least two lenders have given up the waiting game and taken the keys and the titl back fromthe owners: Lincoln Park III and Monumengt III. More than 50 officre buildings stand empty or virtually emptgy inNorthern Virginia, with 46 lyingy beyond the Beltway.
With no tenants bitinb at their rock-bottom asking rents dozens of thosr buildings are expected to sink intoforeclosure soon. The 203,000-square-fooyt Lincoln Park III, 13857 McLearen Road, was developer by and sold to an entity in 2007for $47 during the last days of the commerciakl real estate boom. Stil l empty, asking rents dropped as low as $28 per squarse foot and brokers scrambled to put together a deal for anintereste tenant. In March, started its foreclosurer proceedings by appointing asubstitute trustee. ING did not responed to a requestfor comment, but Fairfax Countgy tax assessors estimate the buildinf is now worth just $35 million. The buildint may be worth even less.
Like many property tax Fairfax County’s assessment procedurw lags market conditions by as much as two saidDavid Levy, a co-founder of McLean-based , whicy represents property owners in tax appeals. Although Levy had time to fielda reporter’sz questions while hitting golf balls in his yard, the tectonixc shifts in the real estatew economy have flooded him with appeals from desperate propert y owners. “There’s certainly a lot of businessxout there,” he said, his club clinking against another ball. “Prior to I hadn’t filed an appeal in Fairfax Countgsince ... gosh, I can’t remember when. Probably six, sevehn or eight years ago.
” Some commercial buildinge in the Washington region have lost as much as half their value but, on average, his client s are asking tax authorities for 20- to 25-percent reductions in assessed value, Levy said. If thoses numbers are accurate, most of his clients will have lost virtually all of the equity they have intheir buildings. And with the emboldenede tenant market demanding lower rent and higher allowances for customkinterior buildouts, many owners are calculating it might take them up to sevenm years to recoup the cost of landing that “Landlords are saying this is a losinyg game,” Levy said.
With lendinb conditions already bleak, those owners will face foreclosure if thei existing loans are due in thenear future. “Therer are going to be a lot of building trading on the market through the Levy said. One of Levy’sx clients is another bank that swiped a Herndon property back fromits owners. In took back title to Monument III, a 193,138-square-foot building at 12930 Worldgate Theowners — a jointf venture between The Praedium Group, a New York-baseed real estate investment firm, and of Bethesdaz — paid $54.9 million, or $284 a square foot, for the buildinfg in mid-2007.
At the time of the 2007 the building was just 29 percent The joint venture owednearly $51.8 million on the GE Today, the building is nearly 80 percent yet Fairfax County assesses its value at $50.6 million, whichu is the recorded “sale” price for the April Unless something dramatic happens to strengthenb and embolden the banking and financer industry, commercial real estate’s woes are likely to worsen in the near future. By next a massive wave of properties financed in 2005 througuh thecommercial mortgage-backed securities market will need to find new financing.
Rightg now, the options are few, and the legione of owners of these securitized notes can’t easily be corralled to sign off on loan In March, the Federal Reserve announcee that it would expand one of its primary rescuw programs, the Term Asset-Backed Securitiee Loan Facility (or TALF) to include commercial propertyt originally financed through CMBS There’s just one catch: Only the highest-rated securities are eligible for purchase through the program. With values falling, ratings agencies are now questioningt the optimistic underwriting on many ofthesre CMBS-financed deals.
For instance, Standarrd & Poor’s on May 18 lowered its corporate credity rating onTishman Speyer’s D.C.-area real estat e portfolio to “CCC” from “B+.” A large chunk of that which was purchased in 2006, was financed througb the CMBS market. “The government is hoping that all theses fixes will fix the lending environment so that the creditg facilities will open up and start lending again before we have a major saidMark Larsen, president of Larsej Commercial Real Estate Services/Oncor International. “Burt so far, that hasn’t Despite all the glum there is one piece of good at least for thestruggling Reston/Herndon submarket.
Afteer years of overbuilding in the Dulles developers have now pulled out Just 235,433 square feet remaijn under construction in the Reston/Herndon submarket now, compared to more than 1.1 millionh square feet in the firstt quarter of 2008. There’s just one building under constructionn — Boston Properties’ 11955 Democracy Drive. Althougn it is still being built, it’sz already been leased in its entirety by the College EntranceExamination
Friday, October 8, 2010
Rapid Reaction: Avs 4, Hawks 3 (OT) - ESPN (blog)
moakhamet84.blogspot.com
Chicago Tribune | Rapid Reaction: Avs 4, Hawks 3 (OT) ESPN (blog) DENVER -- Despite a dramatic finish, the Blackhawks' 4-3 overtime loss to the Avalanche had a sloppy feel to it for the first two periods of ... Rapid fire: Quick postgame reaction to Hawks-Avalanche |
Wednesday, October 6, 2010
Two Arresed In Connection With Dog Cruelty - KPHO Phoenix
http://valuetrucking.net/conditions.php
ABC15.com (KNXV-TV) | Two Arresed In Connection With Dog Cruelty KPHO Phoenix PHOENIX -- Maricopa County sheriff's animal cruelty detectives are investigating an ongoing dogfighting case in Phoenix. Deputies said they have two ... MCSO: 2 in custody in dog fighting bust in south Phoenix Deputies Arrest 2 In Dogfighting Ring Deputies serve warrants on suspected dog fighters |
Tuesday, October 5, 2010
bizjournals: Search Results
http://fairinworld.com/en/jewelry-and-diamonds/page_59.html
by on July 3, 2009 Businessman Heath McBride decided to sell some of his retailo propane business last fall so he could focusw on expanding hiswholesale The...... by on June 19, 2009 ...92 billionh in 2007 and $1.52 billionm in 2006, according to . In Xtreme Power received a $2 milliom grant from...... by on June 19, 2009 ...compared with 42 percenrt during the same periodlast year, accordint to . In late 2008, as the recessiomn was taking hold, local...... by on May 8, 2009 ...duringb the first quarter 2008, a 58.5 percen t decrease, according to . The numberr of local venture capital deals declined sharply by onApril 20, 2009 ...in venturse capital, compared with $3.
74 billion durinvg 2007, according to . The medica l device consulting industry is dominated by four by onApril 17, 2009 ...ranking it the No. 1 secto r based on investment amounts, according to . a former senior project manager forIBM Corp. by on March 6, 2009 ...23 during the same periodd in 2007, the report shows, according to . For the the decline in local dealswas sharper...... by on February 20, 2009 ...7 milliohn during 2007, and $24.2 million durinb 2006, according to . OneSpot, founded in 2005, employd 10 workers. As customers, it...... by on February 9, 2009 ...median amount raised by local companiesreached $6.5 million, according to .
Baer is the founder of an emailo marketingcompany called...... by on January 30, 2009 ...ihn venture capital versus nearly $1.1 billion durinfg 2007, according to . Klehm said Viryd is fundecd with $4 million it by on January 23, 2009 ...year compared with $2.5 billioj during all of 2007, according to . Even thougjh Texas is the nation's largest emitted of...... by on December 26, 2008 ...yead compared with $2.5 billion during all of accordingto . Even thoughb Texas is the nation's largest emitter of...... by on December 19, 2008 compared with $2.5 billion during all of accordingto . Statewide, wind energyg is the largest sector ofclean technology...... by on November 24, 2008 ...
investment declined to $8.75 million through the third accordingto . Savara Inc. What it Developing inhalation-based method to...... by on November 7, 2008
by on July 3, 2009 Businessman Heath McBride decided to sell some of his retailo propane business last fall so he could focusw on expanding hiswholesale The...... by on June 19, 2009 ...92 billionh in 2007 and $1.52 billionm in 2006, according to . In Xtreme Power received a $2 milliom grant from...... by on June 19, 2009 ...compared with 42 percenrt during the same periodlast year, accordint to . In late 2008, as the recessiomn was taking hold, local...... by on May 8, 2009 ...duringb the first quarter 2008, a 58.5 percen t decrease, according to . The numberr of local venture capital deals declined sharply by onApril 20, 2009 ...in venturse capital, compared with $3.
74 billion durinvg 2007, according to . The medica l device consulting industry is dominated by four by onApril 17, 2009 ...ranking it the No. 1 secto r based on investment amounts, according to . a former senior project manager forIBM Corp. by on March 6, 2009 ...23 during the same periodd in 2007, the report shows, according to . For the the decline in local dealswas sharper...... by on February 20, 2009 ...7 milliohn during 2007, and $24.2 million durinb 2006, according to . OneSpot, founded in 2005, employd 10 workers. As customers, it...... by on February 9, 2009 ...median amount raised by local companiesreached $6.5 million, according to .
Baer is the founder of an emailo marketingcompany called...... by on January 30, 2009 ...ihn venture capital versus nearly $1.1 billion durinfg 2007, according to . Klehm said Viryd is fundecd with $4 million it by on January 23, 2009 ...year compared with $2.5 billioj during all of 2007, according to . Even thougjh Texas is the nation's largest emitted of...... by on December 26, 2008 ...yead compared with $2.5 billion during all of accordingto . Even thoughb Texas is the nation's largest emitter of...... by on December 19, 2008 compared with $2.5 billion during all of accordingto . Statewide, wind energyg is the largest sector ofclean technology...... by on November 24, 2008 ...
investment declined to $8.75 million through the third accordingto . Savara Inc. What it Developing inhalation-based method to...... by on November 7, 2008
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