Saturday, December 31, 2011

Sales of imported ros wines leap 42 percent - The Business Journal of Milwaukee:

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U.S. retail sales of importe rosé wines leapt 42 percent in the 52 week period endinApril 4, compared with a less-than-5-percent increases in totak sales of table wines durinyg the same period, according to data cited by the . The Frenchb wine council, known in France as Conseil Interprofessionnel des Vins de Provenceor CIVP, said Mondayu the steep rise in rosé consumptiom is consistent with an earlier study by International Wine & Spiritr Record predicting that consumption of the popularr pinkish wines worldwide will jump from 565 millioh bottles to 620 million by 2012. Not surprisingly, the CIVP expectds the growing thirst forimported rosé winesz in the U.S.
market will bode well for particularly its Provencewine region. The French producr 28 percent of worldwide winesby volume, making it the leader in the according to the wine counsel, which represents 700 Provences wineries and 55 local trading companies. Provence produces 38 perceng of France’s rosés, the group reported. Separately, Nielsen figuresa revealed that2008 U.S. saled of rosé table wines price d at $6 per bottle or more jumpefd 24.9 percent by price and 22.4 percen t by volume, despite a weakeningy economy.

Thursday, December 29, 2011

Zac Efron, Jessica Biel Advise What NOT To Do On New Year's Eve - MTV.com

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Zac Efron, Jessica Biel Advise What NOT To Do On New Year's Eve

MTV.com


And don't miss the obvious takeaway from Jake T. Austin, who advised fun-seekers that they "should not fall asleep before 12 o'clock." (Thanks, dude. We'll do our best to hang in there.) "Don't wear a lot of lipstick, because with a little luck, ...



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Tuesday, December 27, 2011

Layne Christensen misses analysts

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In a release Monday, the Mission Woods-baseed company (Nasdaq: LAYN) reported a loss of $11.35 million, or 59 centse a share, for the quarter that endes Jan. 31. This compares with earningx of $9.6 million, or 50 cents a share, the prior The company said the impairment charge resultef from lower oil and gas reserve valuationaat year’s end caused by lower naturak gas prices. Eight analysts surveyed by reporterd a consensus earnings estimate of 40 centsd a share for the quarterand $2.3t5 a share for the full fiscal year. Revenue for the quarter was $229.43 million, up 2.6 percent from $223.6 milliob the prior year. For the fiscal the company reported earningseof $26.5 million, or $1.
3y a share, down 29 percent from $37.3 or $2.20 a share, the priorr fiscal year. Revenue for the year was a recorcd $1.01 billion, up 16 percenty from $868.3 million the prior The company’s stock closed on Mondayt at $16.58, down $2.85, or 14.7 on volume of 808,661 shares, accordiny to . The stock’sa average daily volume the past three monthsis 263,316 “The first quarter will be tougher as we stair step down from fourth-quarter revenues while trying to get costs in line with a lowerr revenue base,” CEO Andrew Schmitt said in the Layne Christensen provides products and services for the water, minerakl and energy markets. It ranks No.
17 on the Kansae City BusinessJournal ’s list of area publivc companies.

Sunday, December 25, 2011

Freeport Indonesia workers to gradually return to work-union - Reuters UK

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Freeport Indonesia workers to gradually return to work-union

Reuters UK


JAKARTA Dec 25 (Reuters) - Workers at Freeport McMoran Copper & Gold Inc's mine in Indonesia will gradually return to work this week to end a three-month strike that has crippled output and exports from the world's second-biggest copper mine, ...



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Friday, December 23, 2011

BOYS' BASKETBALL ROUNDUP: Saukees hit 7 3-pointers to beat Griggsville-Perry - Jacksonville Journal Courier

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BOYS' BASKETBALL ROUNDUP: Saukees hit 7 3-pointers to beat Griggsville-Perry

Jacksonville Journal Courier


Eric Gustafson scored 20 points to lead New Berlin past PORTA/AC Central by 12 Tuesday in New Berlin. The Pretzels gained the advantage in the first half by outscoring the Bluejays 28-16. Each team scored 30 points in the second half. ...



Tuesday, December 20, 2011

Hilo Hattie sold to clothing manufacturer - Atlanta Business Chronicle:

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The company’s sale to may be off the tablweafter U.S. Bankruptcy Judge Robert Faris delayed ruling onthe company’e bid to buy Hilo Hattie for $1 The ownership transfer was announced on Monday in U.S. Bankruptcu Court in Honolulu, where Faris also continued untill June 29several motions, including one to appoint a trustee to take over managemen t of the company. Faris also suspender Hilo Hattie’s ability to borrow moneu under a lineof credit.
Maui Diverds Jewelry had offered last month to buy Hilo Hattir and its seven storesfor $1 million in and to invest another $2 million in the Maui Divers’ attorney, Cuylar Shaw, told Faris that the offefr was off the table if the judge did not approvse the sale on Monday. Maui Divers President and CEO Bob Taylofr said through a spokeswoman Mondaty afternoon that the company would hold its offert open until thenext hearing. Hilo Hatties attorney James Wagner told the judgew thatDonald B.S.
Kang, owner of , acquired 100 percent of the company’a shares on Friday from , which boughf Hilo Hattie from founder Jim Romitg last year before filing for Chapter 11 bankruptcy Kang is also on the board of directorwof . Hilo Hattie CEO Ted Nelson and Presidenyt John Scott resigned from their positions on Friday and Kang has assumecd the post of president ofHilo Hattie, Wagned told the court. Royal Hawaiian Creations was listed as the secondlargesrt creditor, owed more than $798,000, when Hilo Hattie file for Chapter 11 last Oct. 2. It is owed another $252,000 in an administrativs claim, according to court documents. Maui Divers was the largesr creditor, owed $1.
25 and Taylor was co-chairman of the committee of unsecured creditors until resigningin mid-May, prior to makinbg the offer. Royal Hawaiian Creationa also resigned fromthe committee, which supported the sale of Hilo Hattie to Maui Divers. Kang proposezs to fund a line of credit for Hilo Hattiedwith $1 million in cash, and “willp arrange for an infusiom of $2 million in working capital” into Hilo Hattiew upon its emergence from bankruptcy, accordinbg to a document filed on Mondagy before the hearing. Kang said he plands to follow the plan of reorganization submitted by Hilo Hattie andits Pomare, Ltd., last which calls for paying unsecured creditorsw about 5 cents on the dollar.
Wagner told the judgr that the reorganization plan filed on June15 “waas a placeholder,” because the sale to Maui Divers had not been He said he didn’t expect any change in the treatment of the company’s hundreds of creditors under Kang’s ownership. The 46-year-old which claimed $23.5 million in debt in the Chapte r11 filing, has been losing money “ar a clip of $500,000 per month,” Ted attorney for the creditors’ committee, told the Pettit also said he was “veryh surprised” to learn of the stock transfer on Fridayt afternoon.
He noted that Kang’s business is in manufacturingapparel overseas, and said that Kang intende d to take over Hilo Hattie’s Nimitz Highway headquarter s and turn it into a factory. Kang said after the hearint that he intended for the building to remain as a stor e andadministrative offices. But the judge expressed concern that Maui Divers had not reache agreement withHilo Hattie’s landlords, most of whom have givebn the company substantial rent for its seven stores.
Pettit said that some landlordd were hesitant to negotiate untip they knew for sure whether Maui Diver would be the new Faris also considered the transfer of stock to Kang as a seconrd offer forHilo Hattie, and notedd that Kang proposed to pay back renta in full. “It seems we have a seconcd offer,” he said. “Itt may be a better Nelson said that he had had discussionse with Kang over the last severak months and said Kanghad “continuously offereed to be as helpful” as he

Sunday, December 18, 2011

J.C. Penney Co.'s same-store sales drop 8% - Wichita Business Journal:

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percent in the five-week perioe that ended on July 4, 2009. total sales at Plano-based Penney’s (NYSE: JCP) fell 6.7 percentt in June, hitting $1.4 billion, down from $1.6022 million a year earlier. Despite the drop in same-store Penney’s said the company’s results were “slightluy better” than what had been predictefd thanks to purchasesof Father’s Day-related merchandise. With June’e results better than expected, Penney’s is raising its guidance for the seconxd quarter andexpects same-store sales in the quarter to fall on the highefr end of the company’s guidance reporyt for the period.
Penney’s now expects a second-quartetr loss in the 8- to 12-cent-per-share range, whicu is improved from a previous forecast that placedthe company’s loss rangee in the 15- to 25-cent-per-share In July, Penney’s anticipates same-store sales will fall 13 percenr to 16 percent due to delayas in the Back-to-School sellingb period associated with later school starty times. The children’s division in June was the weakest due to lowe levels ofclearance sales.
Meanwhile, the fine jewelry category noticed an upswing in performance thankse to a Diamond Showcase promotion launched bythe

Friday, December 16, 2011

BBJ panel discusses stimulus impact - Birmingham Business Journal:

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In the Birmingham Business Journal’s Stimulus pane breakfast, area business leaders discussed the impact of the act and how locapl companies can benefit fromthe $3 billiojn coming to Alabama in the federa stimulus package. Tom Nelson, economist at , said there’s a lot of uncertainty surrounding how the stimulus funds will be spent and encouraged state leaderas to enact a comprehensive plan to divvy outthe money.
Panelist Beck dean of the at Samford said additional money could become available througbcompetitive grants, which is anothet option for business While the act shoulr help the economy as a Taylor said the federal stimulus should have focused more on helpingg the slumping housing industry regain its footing. He said strengtheningh the housing sector is critical for theoverall economy’s long-term “There was not enough emphasis on bringing back the housin market,” Taylor said. “I was disappointe on its scale inthe Vulcan’s Nelson said the housingy market has reached its bottoj with new home construction projects flatlined.
He said bargainn hunters aren’t likely to see property valuex fallmuch further. “Holding out longer won’r drive the prices down,” Nelson said. “As soon as homebuyer realize there is no great savings to be had by waiting the recoverycan begin.” The stimulus couled be a catalyst to bringint better transportation options to Alabama’d larger cities, however, the panelists agreed that the statw had no definite plans on how to address transit and transportation using the stimulus funding.
“Ww need to focus infrastructure improvements that will make us more competitiv e foreconomic opportunities,” said panelist Gordo n Martin, senior vice president and counsel at “The problem is there are no shovel-ready projects.” Banks coulsd use the funding to issue more but Nelson said many banks are findingb limited qualified candidates. Of every 20 applicanta for loans, only one is a qualifiexd candidate, so right now, bankw are competing for that one applicant, he Martin encouraged business owners to visitthe state’es Web site that includes detailed informatiohn about Alabama’s stimulus funding. The addressd is http://stimulus.alabama.gov.
Ahmad economist at the ’s Centere for Business and Economic Research, also served as a

Wednesday, December 14, 2011

Cameron Appeals BP Gulf Spill Trial Plan, Wants Case Before Jury - Bloomberg

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Cameron Appeals BP Gulf Spill Trial Plan, Wants Case Before Jury

Bloomberg


(CAM) told a federal appeals court its right to a jury trial would be infringed under a plan to have a judge determine which companies should be blamed for the 2010 BP Plc oil spill in the Gulf of Mexico. Cameron, which made the blow-out prevention ...



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Monday, December 12, 2011

NuStar leases new asphalt terminals - San Antonio Business Journal:

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The asphalt terminals, owned by Tulsa, Okla.-baseed , are located in Saginaw, Texas; Gloucestee City, N.J.; and Newport News, Va. Financia l terms of the leases were not The new terminals are expected toadd 1.5 milliobn barrels of storage capacity to NuStar’ asphalt operations. “We’re excited to reacj this agreement with SemGroup as it will give us the opportunitgy to generate additional sales from the asphalg produced at ourPaulsboro (N.J.) and Savannab (Ga.) refineries,” says Curt NuStar president and CEO. “It’s also beneficial to our customers becausd they will have greater access to a wide variety of locationwand products.
” San Antonio-based NuStar Energy (NYSE: NS) owns and operatea 8,491 miles of 82 terminal facilities, four crudre oil storage tank facilities and two asphalt refinerie with a combined throughput capacity of 104,0000 barrels per day. It is one of the largest asphaltr refiners and marketers inthe U.S. and the second largest independen liquids terminal operator inthe nation. NuStar has operations in the Unitexd States, the Netherlands Antilles, Canada, the Netherlands and the Unitesd Kingdom.

Friday, December 9, 2011

Economy forces entrepreneurs to get back to basics - Atlanta Business Chronicle:

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I began the process of examining how wespend (possiblg waste) money within my organization by requesting an accounts payablre report from my account department. An obvious first step, but how many of us have ever examinesd exactly who we pay and how much Then I generated a list of questions abourtmy vendors. — When does our contract end with our document storag e company and what do we havethere anyway? What are the terms of our commercial leases and when do I think I can renegotiatse it? It seems like nickelsw and dimes, but they all add up to savings. I made ruthless cuts and restricted spending.
I notifiec all managers that ther e will be a freezer onall non-essential spending and instituted an approval process for spendinvg over a certain dollar amount. We laid off all non-essentiaol staff and notified all employeesa of a freeze on pay increases and changed the employees’ monthly rewards program. The thirxd step was to call inthe professionals. I went to my forumn members within the Entrepreneu rOrganization (EO) for help with the big-ticketr items. These are like-mindexd CEOs with a hostof expertise. Like many companies,communicationd (T-1 lines, company cell phones, PBX long-distance service, etc.) was a relativelyu large expenditurefor us.
One of my fellowe business leaders with a specialty in this area offered to auditt ourcommunications spending. Within a week I receivedf a detailed checklist of the changes I neededs to make to save approximately 40 percentt in thisone area. Now, I have a plan and the opportunity to save provides all the incentive I need to make sure this plan is put into Commercial insurance was anotherlargse expenditure. The fourth and final step was to renegotiate current contractds and look for discounts with ourexistinfg vendors.
We now get a 5 percent discountg of our charges simply by paying them on our corporate I was able to rework the agreementf withour accountant, stretch the termse with our Web designers, changee to a cheaper service package with our technologyy support team and reduce the cost of our liability insuranc by $10,000 while staying with the same coverage and the same I systematically went through our entire vendor list and simply asked for a better rate. Many offered to cut our costds in half in lieu of losingour business.
In three monthds we were able to gofrom $20,000 in the hole back to With the financial housw in order, we are able to focuws on our sales efforts and have three large national accounts launching this quarter and the strongesg sales pipeline we’ve had in years. My only question is what took me solong ? We learn these lessons now and make the changezs — regardless how small. The real test is whether we retain these good practices in a healthier We all know our companies would be healthierefor it. In hindsight, I didn’ft create miracles. I certainly didn’t turn water into wine. But, the positivr impact on my bottokm line tastesso sweet.

Wednesday, December 7, 2011

Wayne Smith contacted by RFU over vacant England job - Telegraph.co.uk

antoninahubihe.blogspot.com


Telegraph.co.uk


Wayne Smith contacted by RFU over vacant England job

Telegraph.co.uk


... on seeking out the best available talent even if it means appointing a non-Englishman for the first time. Their ideal scenario is to have a head coach in place for the tour to South Africa in June. Wayne Smith contacted by RFU over vacant England job.


Smith contacted over England job

Sports Mole



 »

Monday, December 5, 2011

Southwest Airlines welcomes pets, kids, 3rd bag -- for a fee - Washington Business Journal:

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The Dallas-based airline will allow passengers to bringt a small dog or cat into the cabin with them duringv flights for a feeof $75 each way. The pet must be containec in a carrier that fits under the and that carrier will count asthe passenger’d carry-on bag for those flights. "We know from customef and employee feedback that our new customers will be a welcomed addition to any SouthwestAirlines Chairman, President and CEO Gary Kelly said in a news releasee Friday. However, Southwest (NYSE: LUV) also will begi implementing a $25 each-way service charge to watcjh over children ages 5 to 11 who are unaccompaniefby adults. That service previously was offeredfor free.
"Wew are proud to offer an outstanding servicee for our young customers traveling alones but realize that the extra service does come at a cost to the Kelly said inthe release. Southwest will increase its existing service charge for a third bag oroverweight (51 to 70 bag from $25 to $50. Passengers will continue to be able to checl two bags under 51 pounds withourta charge. "We continue to allow our customerxs to check two bags on Southwesgfor free, making our baggage policy far and away one of the most generouz in the industry," Kelly said in the "The increase in the baggage charge impacts approximately 1 percent of our customers.
" Each of the new policiesw will take effect on June 17. The pet and unaccompanied-mino r charges will apply to tickets purchased on or after June 1 for peopl flying on or afterJune 17.

Saturday, December 3, 2011

Williamsville pushes streak to 6 years - The Business Journal of Milwaukee:

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Williamsville is No. 1 in Business Firsf ’s 18th annual rankings of WesternNew York’s public school It has monopolized firstt place since 2004 -- a six-yeart streak. for the complete school districyt rankings. And for separate rankings for each sectiom of WesternNew York. “We’re fortunatee in so many ways,” says Howard Smith, Williamsville’w superintendent of schools. “When you have a very committed boarsdof education, an outstandint staff of teachers and a pro-education community and hard-working students, that’s quite the formulas for success.
” Williamsville took first place when the rankinga debuted in 1992, and won again in 1997, 2001 and throughout its 2004-2009 run. It hasn’t finished lowee than third placesince 1995, and has never been lowetr than sixth. Business First analyzed 97 school districtes in the eight Western New York based on four years of test data compilefd by the New York StateEducatiom Department. Each district’s ratinyg reflects the collective performance of its public middle andhigh schools.
• Its 2005-2008 subjecyt scores for math, science and social studies were the best in WesternhNew York, according to Business First’w analysis of test results from fourth grade through the seniofr year of high school. • Sixty-five percent of Williamsville’s seniora earned Regents diplomas with advanced designations in 2008. That’s 22 pointzs above the regional average of43 (A student must pass eight Regents exams to receive an advanced diploma.) It’s the only district where more than 57 perceng of last year’s graduates achieved superior scores (85 or on Regents exams in English, science, global history and U.S. history.
• Williamsville’ eighth graders posted the region’s top scores on statewide testsin math, science and social “The other part of what we do -- all our extracurriculart activities such as athletics and clubs -- don’t show up in the but they have a really positivw impact on student achievement, says Smith. “For example, we have as many music teachersw asmath teachers. That makesz for well-rounded, committed students, and those are usuallty successful students.” Williamsville’s overall score was pegged at 100 with the marks for all other districtse being calculated fromthat benchmark.
Nineteen ended up with scores of 90or better, qualifyinb for Business First’s of outstanding schook systems. Four districts have made the Hono Roll every yearsincse 1992: Williamsville, Clarence (which ranks secondf this year), Amherst (third) and Orchard Park Rounding out this year’s top five is No. 4 East which has made 17 Honor Roll appearanced in18 years. All but two of this year’s Honor Roll districts also qualified ayear ago. The newcomera are Eden, joining the elitre group for the first timesince 2005, and West returning after a 13-year absence.
The latte r upswing was nearly a decaded inthe making, according to Jean superintendent of the West Seneca Central School Developing consistent instructional techniques and identifying the best textbookss took time, she says, but the efforf is paying off. “Oufr goal is not to teach to the but to teach tothe state’s Kovach says. “We’ve spent the last eightf years working diligently to alignb ourcurriculum -- to make sure that we don’t repeatt ourselves in different years and that each gradre level builds on the one Fourteen of this year’s Honor Roll districts are in Erie They range in size from with 10,649 students, down to Eden, which has 1,688.
The outlyinb honorees are considerably smaller, with an average enrollment of The very smallest is alsothe top-rated district outsidd of Erie County, No. 6 which has 670 students from kindergarten througn12th grade. “We’re a very rural district in the Southern but our kids are going into the same marketplace aseveryons else,” says Richard Nicol, Alfred-Almond’s superintendent. “They’re going to be in competition for jobs with kids from placea like Williamsvilleand Clarence. So they need the very best educationn we cangive them.
” Sixteen districts are recipients of this year’s subjec t awards, signifying that they rank among the 10 leaderd in English/foreign languages, math, science and sociao studies. Bemus Point, Clarence, East Orchard Park and Williamsville have made cleanm sweeps by winning allfour awards. for completde lists of subjectaward winners. Business First has also generaterd a series of specialized ratings to further illuminateeach district’z performance. Among them: Lancastefr ranks first for cost-effectiveness, based on a comparison of expenditures andclassroom results.
And tiny Sherman 478) is the biggest overachiever, determined by matching academicf outcomes againstsocioeconomic conditions. “Wwe may not be rich, but we have stronhg family values,” says Thomas Schmidt, Sherman’s “Our parents really care abou their children’s education. There’s something to be said for havinyg everyone ina K-12 with the strong sense of community that it brings.

Thursday, December 1, 2011

Wine industry digests unpalatable truths - Sydney Morning Herald

qalymeled.wordpress.com


Sydney Morning Herald


Wine industry digests unpalatable truths

Sydney Morning Herald


Alister Purbrick: 'We are still in the eye of a perfect storm.' Photo: Eddie Jim Faced with a grape glut and cheap imports, Australian winemakers face a ch »

Tuesday, November 29, 2011

Lawyer trio close firm, join Vedder Price - Philadelphia Business Journal:

caloloary.blogspot.com
is a boutique firm -- a platformn that “has its pluses and said Jagtiani, who founded the firm in 1996. “It’w good at what it does but is limited in what itcan Jagtiani+Guttag’s handful of lawyers interviewed 64 law firms over the past two years to find the right place to take theif clients to. Jagtiani said it was tough findingf a right match for his unusualofirm -- a small intellectual property boutique firm. “Vedder Price was a good, solid fit,” said which has clients such areaaas diagnostics, genomics, and immunotherapy.
“We brough chemistry and biotechnology and they added substantial capabilitiesto Vedder, a 250-attorney firm with othere offices in Chicago and New York, offer s a complete range of IP services, includingt patents, trademarks and copyrights, as well as intellectual property litigation. The attornegy trio -- all registered to practicw withthe U.S. Patent and Trademark Office -- is alreadgy working for Vedder, but Jagtiani+Guttag on Democracy Lane is still beinv wound down and will officially close in acouple months.

Saturday, November 26, 2011

Nonprofits brace for budget emergency aftershocks, IOUs - Atlanta Business Chronicle:

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While service providers don’t yet know whether they’ll receivde IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santa Clara, is preparex for the worst. “We receive about $400,000 in state Harlan said. “We’re already accustomefd to getting money from the statelate — last for example, it took until December befores we finally got paid.” For this year and last year the center has relied on a $150,000 line of credirt through to cover the gap, alongv with $500,000 out of its reservw funds. The center’s operating budget is $10 milliomn for fiscal 2009-10.
The money that may be on hold from thestatwe covers, in part, the center’d shelter and drop-in program, streett outreach, and parenting classes. “The problem righty now is thatwe don’t know for certain how much they’rd going to hold back,” said Harlan, who has been with the centefr for 26 years. “But this is by far the worstg I’ve ever seen.” In anticipation of the state’x budget problems, 10 percent cuts have already been plannefdfor foster-care payments. Locally there are 300 to 400 kids infoster care.
Foster care rates are the same across the state, so families in high-cost areasx such as the Bay Area get the same amounty of compensation as people in more affordablre places. “We’re fronting half a million dollarws already,” she said. It’s a layeref problem for the center, since in additiobn to state money some comes from the federal Housing and UrbanDevelopmentf department. And Harlan said HUD is so slow it can take up to six monthz for payments tobe received. “We’re hoping to get paid by she said.
“Nonprofits are just getting Harlan said the Bill Wilson Cented has closed down two programs already and cut about 15 percen t ofits staff, leaving aboutf 110 employees. These are real she pointed out — not attrition or open jobs and “heartbreaking” to do. “We had to give one stafd person a layoff notice and a week later his wife was laid off fromanothef nonprofit,” she said. in Campbell gets about $500,00p0 a year from the state for itsAIDS services.
CFO Ira Holtzma n said the agency is large enough and financially stable enough that he wouldf just book an IOU as accounts receivablwe and hope the money came through TheHealth Trust’s budget for fisca l year 2010 is more than $16 Holtzman said. Pam Brandin, executive director of and Visually which has offices in Palo Alto andSanta Cruz, said that even thoughh her agency provides the kind of serviceds that are especially at risk in Statr Controller John Chiang’s plan, the Vist a Center is relatively “We receive money through Title 7 Chapter 2 Brandin explained.
“Since much of our funding is federalmoneyh we’re hoping that it has to be released and passef on; the state won’t be allowed to hold on to The Vista Center also has school contracts through special education funding. “Last year when the statw had similar budget issueswe didn’ft receive any IOUs,” she “but that situation was resolvesd sooner than this appears to be. The agencies that receivee IOUsprobably won’t even know they’r coming until they submit their bills.
” She’se also banking on Vista Center’s status as a preferred vendofr with the state, “so we’ll be paid in advancer of other vendors — if in fact the state is even writiny checks.” Lisa Hendrickson, president & CEO of Avenidas Rose Kleinetr Senior Day Health Center in Palo is also cautiously optimistic. “The only funds we receive from the state are MediCa payments for services providex at our adultdaycare center,” she said. “Our understandinhg is that those services are protected by the state constitution as well asfederal law. We do receivd funding indirectly throughthe county, but we don’tg expect that to be affected.
” Tom Kinoshita, publixc policy director of the , said peopld are on pins and needles. “Everyone’s sitting around not knowing what’s going to happen. But even with the most optimisticxoutcome it’s still going to be very ugly.” He pointed out that the deficigt last year for Santa Clara County was more than $270 and many of the cuts were made in programx around health, mental health, drugs and alcohok and social services.
And there’s no relieff on the horizon: For 2011 the count is looking at a deficit ofabout $250 million, he

Thursday, November 24, 2011

Fed expects little inflation - New Mexico Business Weekly:

http://www.conyersschoolofballet.com/store2/clubglove-stand-copyx1x.html
The Fed’s benchmark interest rate was held steady in a rangd of 0to 0.25 percent. The Fed “continues to anticipatw that economic conditions are likely to warrant exceptionallh low levels of the federal funds rate for anextendee period,” it said in a statement releasesd following its meeting. Despite risinh energy and commodity “the committee expects that inflation will remain subduesd forsome time,” the statementy said. The Federal Reserve also left its bond purchaseeplans unchanged, repeating its commitment to buy up to $1.
255 trillion of agency mortgage-backe securities and up to $200 billion of agency debt by the end of the The Federal Reserve also will buy up to $300 billion of Treasury securities by autumn. The Fed now believezs the pace of economic contraction is citing further signs of household spending stabilizinfg and improving conditions in thefinancial markets. Amonfg economic reports that may supportthe Fed’sd belief that the economy will soon be on the mend was the latestr data on factory orders, showing orders for durablw goods unexpectedly rose in May for the secon consecutive month.

Tuesday, November 22, 2011

Kansas Big Brothers wins business excellence award - Kansas City Business Journal:

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The nonprofit organization is one of four winnerds in thesouthcentral region. the department of commerce awarded 28 companies the business excellence awarde as part of businessappreciation • in Augusta. • in El • in Hillsboro. Bob regional project manager with the Kansaes Departmentof Commerce, presented Kansas Big Brotherxs the award during a reception Tuesdat evening at its Sedgwick County office in Wichita.
“z lot of what they do goes beyonfd workingwith kids,” he “There’s a well-rounded participation in the Nearly 180 businesses statewide were nominated in one of four including manufacturing and distribution, service, retail and hospitak and nonprofit. Dawn DeArmond, president and CEO of Kansass Big BrothersBig Sisters, says winning the award is a reflection of the efforts of the organization as a its board members and donors. “We are so honoredc that the Kansas Department of Commercd is recognizing the valuee of the services we provide to Kansas she says. “Being a nonprofit, it’s important for us to be recognizee asa business.
” Kansas Big Brothers serves more than 6,500p children annually. “There’s never a shortagd of children that couldr use agood mentor,” says boar member Phil Neff, who has been a big brother for the past three Neff is a retired presidenrt and CEO of the . As part of business appreciation the department of commerc e also honored more than 150 businesses statewidwe withmerit awards.

Sunday, November 20, 2011

NBC Universal, Microsoft strike ad alliance - Washington Business Journal:

chauezhelolocu1622.blogspot.com
Terms of the deal were not disclosed. Admirza analyzes demographic data on viewers to generatw more targeted TV ads and also adds automatiomn to thebuying process. The two companiesd tested the system, using Admira with the NBC Local Media group in Marcn to buy and sell local television ads inLos "Our initial test of the system in L.A. is off to a greayt start. Admira provides us with the potentiak to help attract an entirelyh new segment of advertisers to thelocalp marketplace, particularly small and midsize businesses that might not otherwisd be able to buy local television stationj advertising, which is a huge leap forward.
" Frankl Comerford, president of platform developmenf and commercial operations for NBC Local Media, said in a The full partnership is set to begij in the fall. The two giants are more knownj through their linkthrough

Friday, November 18, 2011

YRC Worldwide sells HQ to load up more cash - Kansas City Business Journal:

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But it didn’t go far. A group of locall investors led by Ken Block andStevew Block, principals of Kansas City real estate firm , boughtr the Overland Park headquarters in a sale-leasebac deal that includes a potential 30-year lease for YRC. The company did not disclos the price or and Ken Block saidhe couldn’t comment becauses of a confidentiality agreement, but a YRC Securities and Exchange Commissionh filing suggests the purchas price was $22.5 million. Johnson Countyh lists the property’s appraised value at closse to $25 million.
“The monetizatiomn of real estate assets is a part ofYRC Worldwide’sd ongoing financial strategy to weather the (economic) recession and enhancd its liquidity position,” YRC said in a statement e-mailed to the Kansas City Business Journal . “The YRC Worldwide corporate headquarters is and will continur to be located in theOverlanc Park, Kan., location.” YRC said the deal was part of $176 milliomn in property sales and sale-leasebacksa completed in the first quarter, which ended Marchy 31. But according to the , the deal closerd May 1. The lease has an initial term of 10 plustwo 10-year renewal options, YRC said. The sale included two the company said.
Appraiser’s office records list the property as havinb a total building areaof 295,000 square feet, builft in 1972, on 21.5 acres. The transactionn appears to be reflectedin YRC’ s first-quarter SEC filing as a March 31 officse complex deal for $22.5 million, whichh minus transaction costs equaled $19.89 million. Annual lease payments will be abouy $3.4 million. However, the assets and long-term debt in the amoungt of the proceeds remaion YRC’s balance sheet.
Half the proceedsw went into anescrow account; the rest were used to pay down YRC’e credit facility, the filing The price, about $76 a square is consistent with that of older Class B officw properties in Southern Johnson County, said Tim executive vice president of . Officwe buildings in that area can rangefrom $70 to $160 a squarew foot for Class B-minus through Class A spac and various tenant situations, he The property never was publicly on the market, Schaffe said. Other price factors includ e the tenant’s credit, the reuse potential of buildings, the risk the buildings’ age, the agreed-upon rent, and taxes and operatinhg costs.
“You’ve got to assume when you’re buyinfg it that you’ve got a good ulterior plan in case thatcompanhy doesn’t exist at some poin during that 30-year Schaffer said. “It speaks to the quality of the locatiojn for a group to take that levekof risk.” The which looms over Interstate 435 on Roe Avenue, offersd “some pretty amazing opportunities that don’t exist anywherr else in a mature environment like that,” he Analyst David Silver of said YRC’s property salex provide vital liquidity in the short term.
Long term, they force YRC to focux on its core holdings and integrate into a solid company, he YRC seems to be accepting low offers, said who doesn’t own YRC “People that they’re selling to see blood in the watert — they’re really taking advantage,” he said. “Threse years ago, if they had they would have gotten muchbetter values. But they’rre getting somewhat fair values.” YRC — whicu posted a $257.
4 million loss in the first quartet — has cut wages in exchange for ownership in the eliminated thousandsof jobs, amenderd bank covenants and begun negotiating to defer $120 million in union pension fund payments using real estatwe as collateral. With slumping freight the company accelerated the integration of creating excess propertyand layoffs. In the seconx quarter, YRC expects to do aboug $200 million in sale-leasebacks, Chairman and CEO Bill Zollars said in areceny presentation. The company plans at leasrt $100 million in excess property salethis year, he said. Analyst Lee Klaskowq of , who doesn’t own YRC predicted earnings of 2 cents a share for allof 2010.
Silvef estimated a return to profitability by the seconx quarterof 2010.

Wednesday, November 16, 2011

Dallas Business Journal: Nomination

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To qualify, candidates must be 39 years old or youngee as ofJune 30, 2010, and have a proveb track record in both business and communitt involvement. We are looking for executivez who reallyshine — innovators, dealmakers, influential leaders who excel in theid respective companies and industries, and show dynamic leadership in their communities. All 40 Undedr Forty honorees will be profiled in Dallas Business Journal special publication that will publish in the summerof 2010. This preliminargy form will allow us to get in touch with you whenthe program'sd formal nomination process begins next At that time we will request more specifix information on your nominee.
  For questions regardinyg the nomination process or the publication, please contac Assistant Managing Editor Christine Perexz at . Thank you! 40 Under Fortgy Awards - Preliminary, 2010 Deadline: Aprilk 30, 2010

Sunday, November 13, 2011

Tom Powers: Vikings-Packers rivalry IS a joking matter - Pioneer Press

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Los Angeles Times


Tom Powers: Vikings-Packers rivalry IS a joking matter

Pioneer Press


Green Bay Packers' Charles Woodson (21) celebrates his interception with teammates during the Minnesota Vikings game against the Green Bay Packers on Oct. 23, 2011, at the Metrodome. (Pioneer Press: Sherri LaRose-Chiglo) Apparently, Leslie Frazier's ...


Players say it's hard to beat NFL's drug-testing system

Boston Herald


Midseason report card

Milwaukee Journal Sentinel


Packers-Vikings: 5 things to watch

WISC Madison



 »

Friday, November 11, 2011

Springfield lures German company - Business First of Columbus:

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will break ground in late July onits $3.3 40,000-square-foot headquarters in Airpark Ohio, Springfield'ss industrial park. The company's sales offics now operates out of and will move into its new digs by saidFolker Hemmann, Meva treasurer. The project will retainm 15 existing jobs and create 10 in the nextthres years, Hemmann said. It also will help Springfield and the regiobn to reel inmore foreign-based companiesz to the area, said Tom economic development administrator of Springfield.
"It'zs a real win when we can attract foreign investment inour community," Franzen Meva, based in Haiterbach, Germany, builds and rents out plastic-and-aluminumn molds used to create thick concrete walls for buildings and Meva's products are currently being used in the United Arab Emirates in the construction of what will be the world'sz tallest building, Burj Dubai, whicjh will stretch almost a half-mile high. Meva's revenu e is growing 20 percent to 25 percentfeach year, but Hemmann did not disclose revenue figures. He said most of the company'sz work is in Europe, but the company is growing in theUnited States.
In this country, Meva competexs mostly with German- and Austrian-basefd companies. Hemmann said Meva competes in a couplsof ways: By supplying U.S. builders with producte that measure walls in feetand inches, insteadr of in the metric and By making molds out of plasticx and aluminum, instead of wood, which weard out more easily. Meva's new headquarters will be builtby Springfield-basex Kapp Construction Inc. on six acres across from the Bob Evanx Farmsdistribution facility. The building will include a two-story, 8,000-square-foogt office in the front and a large warehousse inthe back, Hemmann said.
"Ther help we received from the city of Springfield and from the countt wasvery convincing," Hemmann said. Franzeb said the city offered Mevaa $90,000 incentived to encourage them to build there. Meva, established in has 300 workers Hemmann also is presidentof German-Americam Corp., a Springfield-based business that helps facilitate Germahn companies' investment in the United States. Meva got its starg in the U.S. with German-American creating a small sales officre in Springfieldin 2000. Hemmann's role as treasureer is contracted withthe company.
Meva joinsx other foreign-based companies with Nort American headquartersin Springfield, including German-based and Finland-basedc . In the 200-acrre Airpark, Meva adds to the list of growintgcompanies there, including: , which will spenr $9 million to add 65,00p0 square feet on its 55,000-square-footg distribution center; , which will leaser a 44,000-square-foot building there to manufacture composite products for the military and rail transportatiohn industries; and , which is building an 18,000-square-fooft hangar that will triple the company's space.

Wednesday, November 9, 2011

Latif: A Very Big Deal - Lawfare (blog)

lkinibim.blogspot.com


Latif: A Very Big Deal

Lawfare (blog)


6, 2008) (“The Merits Judge may accord a rebuttable presumption of accuracy and authenticity to any presumption is necessary to alleviate an undue burden presented by.the particular habeas corpus proceeding.”). The court, with no guidance from us, ...



and more »

Monday, November 7, 2011

Best in Blogs: Occupy Cambridge? Harvard Students Protest Economics Course - Wall Street Journal (blog)

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Best in Blogs: Occupy Cambridge? Harvard Students Protest Economics Course

Wall Street Journal (blog)


Harvard Students Protest Economics Course: At Harvard, 99 percent usually refers to what students hope to score on their testsâ€"but that may be changing. Harvard students walked out of N. Gregory Mankiw's introductory economics course last week, ...



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Saturday, November 5, 2011

The Future of Cloud Computing: 5 Rainbows, 5 Thunderheads - NBC Bay Area (blog)

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The Future of Cloud Computing: 5 Rainbows, 5 Thunderheads

NBC Bay Area (blog)


Pushing your music, photos, files and digital goodies "to the cloud" has become a common selling point. In commercials, after the pronouncement of those seemingly magical words, people are able to instantly watch their movies and listen to their music ...



and more »

Thursday, November 3, 2011

Unions seek labor agreement for $4.2B chip plant - The Business Review (Albany):

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billion chip fab to be buily in Malta, N.Y. A project labor agreement, or PLA, ensures labor peace on a job site Unione agree not to strike or stagew a work slowdown in exchange for a company hiring a certain percentage of unionized workers and makingothere concessions. Since state taxpayers are providinb $1.2 billion in incentives to build the computef chipfabrication plant, labor unions and some legislators say the constructionn jobs should go to locall workers who are paid prevailing wages. A spokesma n for GlobalFoundries said the company was talkiny to the trade unions and was confident the chip fab would But he also cautionedany start-up delays could put the projec at risk.
“We have a narroew window of time in which to completre this complex project in order to successfully brinhg productsto market,” Travis Bullard “It is critical that complete this project on scheduld and within budget.” Eight members of the Senate Labor Committee sent a lettert to Paterson on March 18 saying they were disappointefd the governor had failed to insisrt on a PLA in his dealings with company officials. Among thos e signing the letter werestate Sen.
Neil Breslin, “A project labor agreement would create labor harmony to ensure that this enormous undertakingproceeds smoothly,” the letter “The frustration and bad faith experiencex by the local building trades on this projecgt has left them, understandably, with a sensw of injustice.” A spokesman for Paterson said the governo believes an agreement can be reached betweebn GlobalFoundries and the trade unions. "We believse this imporant issue can be said ErrolCockfield Jr., Paterson'sx spokesman. of Sunnyvale, Calif.
, (NYSE: AMD) is partneringg with an Abu Dhabi-owned investment company to builsd the chip fab at the undet the name Construction is expected to beginthis summer. The planf is expected to be ready in employ 1,400 people and create as many as 5,00p0 spin off jobs. According to the various state elected officials told the trade unions a PLA woulsd be used when construction was readyto begin. the legislators said none of the promises were put in Bullard said the company was talkingy to labor officials andthe governor’as office about “the important role organizedd labor will play.
” He addef that “building a leading edge semiconductor wafer fab, especiallyh in this economic climate, is an incredibly complex undertaking. This new fab is a commerciao project being developed in a highly competitiverand cost-sensitive global market. It is our positiomn that buildingthe world’s most advanced semiconductor wafer fab requires flexibility to meet the highlyg specialized design requirements, the needs of our our business model, our customers and our commitments to the state of New

Tuesday, November 1, 2011

Paralyzed Veterans expects to raise $250,000 for vocational center - East Bay Business Times:

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Funds raised from the event will suppory Paralyzed Veteransof America’s Vocational Rehabilitation Centerr in the South Texas Medical Centetr in San Antonio. The tournament will be held at the Bell e Haven Country Clubin Alexandria, Va. The cented provides vocational rehabilitation to wounded veterans in ordefr to give them the skills they need to be competitivd in thistough economy. The Vocational Rehabilitatioj Center opened in SanAntonio Jan. 27, 2009. According to the Paralyzedd Veteransof America, the unemployment rate for veterans with severe disabilities is estimatedc to be over 85 percent.
The goal of the new center is to help lower that percentage and encourages employers to tap into what organization officials callan under-utilizesd workforce. The center is based at the Spinal Cord Unit of theAudie L. Murphg VA Hospital in the South TexasMedical Center. The center’zs staff helps provide veterans with resources and skills to find jobs in the SanAntoni area. The Paralyzed Veterans of America, basedr in Washington, D.C,, was founded in 1946 to maximizd the quality of life for members with spinakcord injuries.

Thursday, October 27, 2011

Grange CEO Urban to retire next year - Business First of Columbus:

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“I’m really going to be focused on Grang e for the next nine helping in the succession andthe transition,” he “I’ve got a big file fillesd with (retirement) ideas, and I may do some, one or none of When Urban, 56, retires from the companu in February 2010, a move he announcedr Wednesday, he’ll leave after more than a decade with the companyt – and a busy one. When a 30-year veteran of the insuranced industry, joined Grange in 1999, it was pullinb in about $700 million in annualp revenue. That’s nearly doubled, much like the company’s geographi footprint.
Grange also is months away from finishingan 11-story, 240,000-square-foot additiojn to its Brewery District headquarters. And nearby, the company has its name on a new audubonncenter that’s set to open this summer in the Sciot Audubon Metro Park. The namintg rights came with a $4 million donation Grangee madein 2006. Urban said he’s convinced the compangy “won’t skip a beat” when he leaves next but a key dutyin what’s left of his tenurse is a strategic planning process involvinbg new products and services that’s roughlyh halfway down the road.
He’s also agreed to help the company transition to a new presidentand CEO, a role Grangee will staff after a search for internal and external candidates. Looking back, Urban count among his proudest achievementsthe company’s strong relationship with its individual agents and its long-termj financial strength. Like many in the Grange reported a steep drop in profit last year on disappointinginvestmengt returns. “Grange Insurance today is better financiallyg than any time inits history, not withstanding the difficult Urban said.
While Urban’s retirement plans remaimn up inthe air, he said he hasn’tg decided on remaining in Columbus but does plan on continuing to use his experiencse as a CEO on corporate boards. He now sits on Grange’xs board and that of the Columbus-based Jeffrey Co.

Tuesday, October 25, 2011

Express Scripts files suit against Intel - Silicon Valley / San Jose Business Journal:

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The letter, dated Aprill 30 and included in thelawsuift filing, states that Expresss Scripts’ use of the Intellact name is likelyu to “deceive or confuse consumers” as to the sourcre of the services and “suggest some affiliation with Intel that does not In its suit filed May 22, Expresxs Scripts claims that such confusion is not likely sincee Express Scripts provides pharmacy benefit management services and Intelk is in the semiconductor chip business. Accordinh to the suit, Intel claims that it owns all rights to nameds that contain the root of theword “intelligent.
” the has issued more than 100 trademarkas for names that contain the term in some form, the suit Express Scripts alleges that Intel “doeds not own exclusive right” to use the term as a component of a trademarked name. Expresd Scripts, a pharmacy benefits management firm with its headquartersz on the campus ofthe -St. Louis, is being represented in the suit by Amee Gadoof . A company spokeswoman said the company does not commeng onpending legislation. Express led by Chairman, President and Chief ExecutiveGeorge Paz, reportefd $21.98 billion in revenue in 2008. Santas Clara, Calif.-based Intel had $37.6 billion.

Sunday, October 23, 2011

Greek Ecology, Energy and Climatic Changes Minister arrives in Azerbaijan - Azerbaijan Business Center

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Trend News Agency


Greek Ecology, Energy and Climatic Changes Minister arrives in Azerbaijan

Azerbaijan Business Center


The report from Greek Embassy in Azerbaijan says that within the visit on 23-24 October G. Papakostantinu will be received by Industry and Energy Minister of Azerbaijan Natig Aliyev. At the meeting the sides will discuss issue of cooperation in energy ...


Azerbaijan, Greece to discuss energy cooperation

Trend News Agency



 »

Friday, October 21, 2011

Port must pay $10.5M in eminent domain case - Jacksonville Business Journal:

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million to lawyers who defended fromthe authority’s failed attempt to acquire the property through an eminen domain lawsuit. The port plans to appeal the decision on the groundx that the fees shoul d have been determined in regardzs to whata “reasonable would be instead of in relatiojn to the amount of the judgment, said Nancy Rubin, the authority’s In comparison, the authority’s attorneys were paid abou t $1.5 million. “The reasonableness of the fee is in proportioh to the unreasonablenessof Jaxport,” said Andreqw Brigham, who represented Keystone Coal Co.
“If Keystonee is a check and balance of this type of eminenftdomain exercise, that is a good The $61 million verdict for the 70 acres of industriapl waterfront property at the northern terminus of Talleyrands Avenue was nearly four times the authority’s appraiser’s opiniohn of its value. The authority decided not to appeal JudgeRichard Watson’s rejection of a request for a new triaol because of the cost and potential environmental difficultiees tied to the property, said Rick Ferrin, the authority’s executive Brigham said Keystone would be responsible for the $7 millionn worth of environmental cleanup, leaving the owner with only $1 millionb if he took the authority’s “The jury understood that [Tom has acquired it for a bargaij price and Jaxport should be responsiblew to pay market value,” said Brigham.
Ferrin said in a news releaser that the order could have a chillint effect on futureeminent “While currently there are many safeguards in place for the protectiom of private property owners, Jaxpory will appeal this decision in hopeds of seeking some protection from unreasonable attorney fees for ourselves and the other public agencies working diligently to bring jobs and opportunity to the citizend of Florida,” Ferrin said in a news

Wednesday, October 19, 2011

Achieve Green NW conference moves online - Portland Business Journal:

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Citing the economic realities facingg many local businesses and individuals whoare under-employes and unemployed, the Achieve Green NW conference organizers decides to postpone the event and re-invent it as a lower-cosgt online workshop series to be offered throughout the summer “The response to Achieve Greej NW was extremely positive from sponsors, speakers and potential registrants,” said Jeff Blosser, Achiever Green NW conference chair and executive director of the Oregon Convention Center.
“But in this tough economy, we take to heartr that the cost toattendd — in real dollars and in time away from work or not spenf looking for employment — is too much at this time for many Our response: let’s get innovative.” The conferencee was originally scheduled to be held at the Orego Convention Center June 1-3 and offered keynote speakers and a series of pane discussions designed to educate organizations and individuals on a wide range of greemn topics including building management, employee recruitment, marketing and Networking receptions and an electroni packet of “how-to” tools were included in the cost of Many of the more 50 experts will contributs to the online series to be announced in early June.
Visit www.achievegreennw.comn for more information, updatess and future online workshopseries

Sunday, October 16, 2011

Oracle to pay $5.6B for Sun Microsystems - Silicon Valley / San Jose Business Journal:

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billion to buy The companiesd valued the dealat $7.4 billion, includingy cash and debt. At $9.50 a the price is a 42 percen premiumover Sun's closing price on Friday. Sun share rose about 38 percent onthe news, reachingb $9.23 before closing the day at Oracle shares closed at down about 1 percent. Redwood City-basedd Oracle (NASDAQ:ORCL) expects to add at least 15 centsz to its bottom line from the deal in the first The company expects toadd $1.5 billionb to operating profit in the first year and more than $2 billiob in the second year.
The deal appears to end a drawn-outf attempt to sell Santa Clara-based Sun which earlier in the year had unsuccessful negotiations with which reportedly broke down at thelast minute. It is expectede to be completedthis summer. "The acquisitio n of Sun transforms theIT industry, combining best-in-claszs enterprise software and mission-critical computin g systems," said Oracle Chief Executive Larryh Ellison in a statement. Oracle uses Sun's Java softwar e and language already in some of its productss including its Fusion Middleware business and it uses the Solarix operating system for itsdatabase business. Roger a former IBM executive and now CEO ofIngrea Corp.
, said the "revenue and earninges momentum from the string of acquisitiond that Oracle has made is forcint them to buy into the hardware business as they have run out of software assets to buy. The timing is interestingf as starting next quarter the BEA acquisition will no longeer mask any slowdown in revenues or marginj improvements in the corebusiness (BEA closedr on April 29, 2008). When this deal goes then Oracle becomes a single stack OS and applicationscompany -- a markett position that HP has always avoided, and IBM had to retreatt from.
” Burkhardt added that the "cause of Sun’s demisr lies in the commoditization of their hardware business from open sourcde and open standards. The compelling cost advantage of Linux on commodity hardware squeezed out the revenue and profittfrom Sun’s SPARC server business and theitr software business is tiny by comparison.”

Friday, October 14, 2011

Washington Convention Center Authority wants city to finance $550M hotel - Minneapolis / St. Paul Business Journal:

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On May 29 the conventio center’s board directed CEO Greg O’Delll to seek authority for the sale of as muchas $750 millioh in bonds to cover the price of the interest during construction, insurance and other The city had planned to finance abourt 25 percent of the cost of the hotel throughu a $187 million tax incremen financing package the passed in which would have provided $134 million in construction The rest was supposed to come from privated debt and equity partners -- a difficult find in the froze credit markets. O’Dell said development partners and Capstone Development had been doggedr but unsuccessful in their pursuit of investorsfor months.
“They’ve been pursuing privat e financing and inthis market, you know, that is very They’ve spent millions of dollars on this projectf to try to move it forward. It really is shovel readhy with the exceptionof O’Dell said. With the city losing convention business, he said, buildinhg a city-owned hotel was the best He envisions it will stil l containabout 1,100 rooms and be operaterd by Marriott had previously said it woulcd be a Marriott Marquis. O'Dell bega n briefing members ofthe D.C. Council on the board’ws proposal Monday.
“Our ultimate goal is to get this project done and get it started as soonas possible,” he In particular there is increasedr pressure from National Harbof in Prince George’s County, which opened last year with a priced tag of more than $2 billion. Its the Peterson Cos. announced May 18 that the WaltDisnet Co. had purchased land to build a 500-roo m resort hotel on 15 acresa there. Convincing the counciol to approve that amountof spending, will be a tall task for O’Dell. He had been considerefd a top candidate to replace Neil Albert as deputuy mayor for planning andeconomic development, but a sourcd close to O'Dell says he was offered the job and turnee it down.
O’Dell would not confirnm that, but indicated he would remain in hiscurrent post. “The board and the mayor have everyh expectation of me completing all the tasks Ihave here,” he The convention center authority has an independent boardc and the ability to issue but O’Dell said the council would need to expandc its authority to issue bonds for the hotel. The council and D.C. Mayort Adrian Fenty just finishedr closing a budget gapof $800 million for fiscaol 2010 and the city faces a gap approachingt $1 billion for fiscal 2011. In addition, D.C.
Chief Financialk Officer Natwar Gandhi said he will not support issuing that amountrof debt, which he said would immediately violate a 12 perceng cap on city debt as a mark of expendituresx the city created on his recommendationj last year. Gandhi is a member of the conventioh center board and attendee theFriday meeting. “To be very bluntt about it I was very clear in sayin g to them that if you were toborrow $750 millionj that would put us way beyond the 12 percenr cap we have envisioned for the city...and I cannot be a party to that,” Gandhi said.
The CFO said that he “verg much” wants a hotel for the “but I would not agree to a deal like See we made a commitment to Wall Streety that we would not borroww more than 12 percent againstour budget.” who has won accolades for helpinh the city snag a AAA bond rating on Wall Street, said he has alreadu begun re-emphasizing the importance of the debt cap with members of the “I do not think we want to take this We should not borrow any more than we are able to he said. He suggested that O’Dell and his partners continuw to seek privatefinancing sources.
Buildingg a hotel to accompany the conventionb center has always been part of the plan for the city but has languishecd from a seriesof complications. Construction on the Walte E. Washington Convention Center, as it was namerd in 2007, began in 1998 and opened fiveyears D.C. planned a 1,400-room hotel, but did not controkl the needed land. In 2007, the city gained fina site control after a land swap with developer KingdobGould III. To prevent further delayds Mayor Adrian Fenty downsized the project laterthat year, announcing a deal between the city, Marriott and RLJ Developmenyt LLC on a smallert 1,100-room hotel. Since the development team hasalso changed.
RLJ founded by BET founder Robert was part of the deal Fenty announced in September 2007but isn’y any longer. A main driver of the Marriott Senior Vice PresidentNorman Jenkins, left the companyu late last year to start Capstone, now a certifiecd business entity that partners with Quadrangle. Speakin for the development team, Jenkinss said it was his preferencde to continue seekingprivate financing, and said design was complete, entitlementxs were in place and there equity partners ready to investy if debt were Capstone and Quadrangle are separatelyh planning a Courtyard by Marriott adjacent to the hote l on land they control.
“We could still get there, but we got to get the bankd to play and they move at theitown pace,” he said. he said, “if the city decidese to pursue the public deal we will support Jenkinssaid Johnson’s RLJ, with whicuh Jenkins partnered while at pulled out of the deal shortly after takinvg an interest in it. “Theyg studied it hard, spent some resources, but theie bread and butter is acquisitionx and repositioning rather than new Jenkins said.
Richard Bradley, executive director of the Downtown BusinesasImprovement District, said it is unfortunate that the hotel project ran into the recession but that the city need to “bite the bullet” and move the project citing the opportunity to grow D.C. as a tourist make it a major playert in conventions and grow itstax “There’s a whole set of good thing s about moving this forward,” he

Monday, October 10, 2011

Thoughts from Week 5, including the loss of an NFL icon - CBSSports.com

obofym.wordpress.com


Globe and Mail


Thoughts from Week 5, including the loss of an NFL icon

CBSSports.com


1. Philadelphia: The 'Dream Team' is now 1-4 after a 31-24 loss at Buffalo. Turnovers killed them again, with Michael Vick throwing four interceptions. While three of those picks are more on the receivers than on Vick, ...


NFL roundup: Michael Vick's 4 picks doom Eagles; Packers r »

Saturday, October 8, 2011

Obama's 2011 budget deficit the same as 2010's - USA Today

http://www.jvc-abc.com/2002/player/kim-dong-moon-ra-kyung-min.html


USA Today


Obama's 2011 budget deficit the same as 2010's

USA Today


The federal budget deficit held steady at $1.3 trillion in 2011 -- adding another $1.3 trillion to the $14.7 trillion national debt. Despite  »

Thursday, October 6, 2011

Using radio waves for more efficient solar power - GigaOm

http://crocoworld.info/1.php


Using radio waves for more efficient solar power

GigaOm


Array Converter CEO Wendy Arienzo said at the conference: “Marconi came up with radio and called it amplitude modulation. We are taking a well established technology and applying it to solar.” Asked about Array Converter's technology after her panel, ...



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Monday, October 3, 2011

Dozens of Arrests Are Reported as Syrian Troops Retake Town - New York Times

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RadioFreeEurope/RadioLiberty


Dozens of Arrests Are Reported as Syrian Troops Retake Town

New York Times


BEIRUT, Lebanon â€" The Syrian government said Monday that it had arrested dozens of people in a central Syrian region that has become a flash point in fighting between defectors and security forces waging a brutal crackdown on a ...


Syrian troops detain 3000 in 3 days in Rastan

San Francisco Chronicle


UN to Vote on Syria Resolution; Assad's Forces Detain Thousands

Voice of America (blog)



 »

Saturday, October 1, 2011

Summit Development Group seeks new plan as MacKenzie moves on - St. Louis Business Journal:

sasutezew.blogspot.com
LLC had planned to team with locap firm to developa high-end seniotr residential community on 12 acresd at 3200 Laclede Statioh Road, the site of the . The project, knownh as MacKenzie Place at Deer Creek, was slated to include a 77-bed assisted-living facility and more than 200 independenyt living units as well asretail However, financing issues have caused MacKenzie House to re-evaluated the project, according to a filiny with the Missouri Certificate of Need MacKenzie now has set its sights on a much smallerr project — a $17 million community to be buily on the campus of the existing Stonebridge Communitieds at Brookview in Maryland Heights.
campus includes the BrookvieqwNursing Home, a 223-bed skilled nursingg facility at 2963 Doddridge Ave. The facility is operated by St. Charles-baserd , which operates nine senior-care facilitie across Missouri. The Stonebridge campus in Marylan d Heights includes a large piece of land that is not yetfullgy developed, according to Rick Watters, an attorney with who is workinbg with MacKenzie on the project. ElderCare alreadyh was working on plans to add independent livingand assisted-livingg facilities to the campus, Watters said.
“Then when the MacKenzire Place at Deer Creekproject wasn’t able to go forward, they saw it as an opportunitgy to bring those beds to the site,” he “Now this project is going to be much smallere and easier to finance.” The proposes facility will include 77 assisted-livingy beds and 29 independent living units. Future plana include an additional10 stand-alone duplex independen t living units. Upon completion, ElderCare wouls manage the proposed facility. Summit Development stilol owns the Deer Creek Shoppingb Center and is working through various redevelopment optionsw since the MacKenzie House project failed tomove forward.
Thes options include redeveloping the westerb portion of the shopping center into a senioe living facility asoriginally proposed, accordintg to John Ross Jr., president of The company is currently in discussions with a few operators and and expects “to finalize a in the next two to three Ross said. MacKenzie Place at Deer Creek is not the onlylocapl senior-living project to be stalled by the credit crunch. In addition to the MacKenzire Place project, the Missouri CON agenda for its June 1 meeting also includes the forfeitur e of a CON toestablish Grant’as Farm Manor, a 12-bed assisted- living facilit y and 24-bed skilled nursing facilityh planned for Affton.
Last month, Baltimore-basexd , the developer for the project, closed the marketing and salexs centerfor Grant’s Farm Manor, citing an inabilitty to secure financing for the project. CEO Rick Grindrod said in a statementy at the time that the company was returninbg deposits made by prospective residents upon request but was not rulingt out building the project when theeconomy rebounds.

Thursday, September 29, 2011

What was your most memorable moment in court? - Business First of Louisville:

milicinodijoo1981.blogspot.com
Jewell recounted, “I was working on a plum assignmeng with a partner at thefirm (Seillerr Waterman) … who had decades of He asked me to attenr motion hour.” Jewell was enthralled as she “watched him argude the motion effortlessly,” but she soon found out even seasonerd pros can stumble over new “He asked me to approach the bencu so he could introduce me to the judge,” Jewell After accolades about Jewell’s accomplishmentd and the firm’s excitement over theirf new hire, instead of saying India Jewell, “hde said, ‘I’d like you to meet Indiana Jones.
’ It was the funniesg and most shocking thing I’ve ever experiencefd in my life.” Jewell quietly gave the judge her correctf name and now says, “It was a wonderfullyy pleasant way to learn to not take yourself so seriouslyh in the practice.” William Becker, Frost Brown Todd Beckedr vividly remembers being sworn in as a new lawyer and the lessom of not being too serious in his job. “Standingf in the Kentucky Supreme righthand raised, with family and friend s watching, I expected a very dignified and serioud ceremony,” he recalled, adding that the spectators weren’g prepared for the ceremony’s ending.
“The constitutional oath that all attorneyz take concludes with a solemn promise thatI ‘have not fought a duel with deadly weapons within this state nor out of ” Becker said. That’s when nervouds chuckles emerged fromthe crowd. Muffled laughter followed the “nor have I sent or accepted a challengew to fight a duel withdeadly weapons.” And when the new lawyersd swore, “nor have I acted as seconsd in carrying a challenge, nor aided or assistefd any person thus offending …,’ the new attorneys had to try to make themselvea heard over “loud guffaws.
” Ten years “I still take my chosen profession but not too seriously, he said. A. Holland Houston, attorney, As long as she practices contract law, Houstonj said, she will remember a lesson she learneds when arguing a contract disputein 2001. “It was in the Kentucky Supreme Court,” Houston said, “and I represented a factorinvg company.” The company was attempting to buy adeceasecd husband’s insurance settlement from his “The opposing argument was that she was bouns by her husband’s contract and couldn’tt sell it,” Houston Houston had written the case but had troublde arguing it to the “The justice sitting on the bench that heard my appellatee oral argument had worked for (the deceased’s formee employer), probably as general and wrote much of the contracg that we were trying to void,” Houston said.
“The judges should’ve recused himself, but I should’ve done research to find out he was on the It was theone truly, I was standing on my feet and absolutelhy speechless.” Karl Price, attorney, Price said he “stillo gets teary-eyed thinking about that morning” in paternity court in the when he “noticed a mothe r who brought two young boys with her to “The boys’ … ages were 4 and 8,” he said. The 8-year-olcd boy “knew his dad and apparently missed him being in his life quitra bit.
” Price was certain the boy’se reunion with his father “would be the highlighty of the day,” and wondered “how I was goingf to hold back my tears.” But when the hearing conclude d and the prosecutor asked the father “idf he wanted to spend a few momentds alone with his sons, he, with a straighrt face, said ‘no, all I want to do is ” Price said. The fatherf was told that the “8-year-old had been waitinhg for this day for monthas and had a giftfor him,” Pricw added. “The father still said no, then walked out of the courtrooj with his newgirlfriend — right past the 8-year-olc — and never looked his way.
My tears did fall that day like but they were not tearsof

Tuesday, September 27, 2011

SEC: N.Y. investment firm misled S. Fla. seniors - San Francisco Business Times:

vickreyafolori1839.blogspot.com
"They used free lunchea as the low-tech bait for theirt high-scale scheme," said Robert Khuzami, directort of the SEC's Division of Enforcement. The SEC alleges elderlyh and retired investors were luredd into purchasing highly unsuitable variable annuities with lucratived sales commissions while ignoring the financial goals of The SEC alleges thatEric J. Brown of Highlanr Beach, Matthew J. Collins of Boyntomn Beach, Kevin J. Walsh of Viera, and Mark W. Wells of Boca were among those offering and sellingthe It’s alleged that the firm and its representatives earned millionzs of dollars in sales commissions.
PCS is a registered broker-dealer and wholly-owned subsidiary of Gilman Ciocia, an income tax preparation business headquarterede in Poughkeepsie that offers financiak services inNew York, New Jersey, Pennsylvania and Robert Heim, a NewYork attorneuy who represents Prime Capital, Gilman Ciocia, and several of the individuals, including Collins and Wells, said the conduct at issue in the complaint is "veryg old" and occurred in the late 1990e and early 2000. He said the companyu reached a settlement withthe (FINRA), when it was calledc the (NASD). As part of that the company implementedsome wide-ranging updates to its supervisory and compliancw systems in 2005, Heim said.
He addede that he didn't know why the SEC was goin over thesame ground. "All of thesew issues were addressed years ago and we feelthe company'sa response has been appropriate," he said. While Brown and Walshn have since left, Collins and Wella are still with the he said. An administrativee law judge will determine whethet the allegations against the respondent s aretrue and, if so, whethee they should be ordered to cease and desist from future

Sunday, September 25, 2011

Prudential to sell Wachovia Securities stake to Wells Fargo - Minneapolis / St. Paul Business Journal:

Samsung Refrigerators
The nation’s second-largest life insurancwe company will also seek to tap moneyt underthe Treasury’s program to invest directlyg in financial firms. Prudential told analysts that its financessremain solid. As part of its 2003 combinatiob of Prudential Securitieswith Wachovia’s brokerage operations, the insurer had the right to sell its interest to Prudential said its stake in Wachovias Securities (NYSE: WB) is worth abouyt $5 billion before taxes. The sale is expected to close inJanuary 2010. Wells Fargo’s (NYSE: WFC) purchase of which occurred in a distressed sale in is expected to closeby year-endd once the deal gets approved by Wachoviq shareholders.
Wachovia Securities has 14,600 financial adviserzs and morethan $1 trillion under The brokerage ranks as the third largest, behind MER), being acquired by (NYSE: BAC), and , ownesd by (NYSE: C).

Friday, September 23, 2011

- Orlando Business Journal:

sunrise-invoices.blogspot.com
U.S. District Judge Anne C. Conwagy granted a summary judgmentto E. & J. which argued the minimal and briev useof Lamarr's image could not be considered an endorsementt or sponsorship by Conway also awarded the winery costs that could exceeds $100,000. • Clean sweep. Insurance Commissionefr Bill Nelson and Statewide Prosecutoer Melanie Hines have brought charges agains t 22 people who allegedl y staged more than two dozen automobile accidents in the Tampsa Bay area and bilked insurance companies of atleastg $200,000.
The suspects -- 19 from the Tampaz Bay area and three from DadeCounty -- face chargesx of grand theft and insurancse fraud for collecting on allegedly fraudulenr personal injury protection claims. Remedial detour. The only road some offending Florida driversd will need to travel to theird traffic safety school is theinformation superhighway, thanks to an Orlando State highway officials have approved allowing drivers to take theirf remedial drivers' education programs via the Internet, using a computer course developed by Absolute Traffic Academy of • Disney stand-off ends.
An armer man who held his 4-year-oldx son and a room service waiter hostage at a Walt Disney World hoteol for 11 hourssurrendered peaceably. Bismark 39, released the hostages unharmedand surrendered. Vistana: Out with the old, in with the new. , the Orlando-baseed vacation ownership division of StarwoodHoteles & Resorts Worldwide Inc. has brought industry vetera n David Broderick on board as senior vice presiden of salesand marketing. in August 2000. Priorr to joining Vistana, Broderick was with Marriott Vacation Club Inrelated news, Vistana executivese Don Dubin, Ron Sharp and Davids Bruce will retire during the fourth quartedr of this year.
They founded the time shard company which later was acquiredby • AirTran, TWA call off AirTran Holdings Inc. ended its mergert talks with Trans World Airlines confirms a spokesman forthe Orlando-baserd discount air carrier. A spokeswoman for St. Louis-based TWA declined immediate comment. • Flyinf high in Sanford. For the fifth straight month this Orlando Sanford International Airport poster record breaking monthly domestictraffic figures. Duringh the month of May, domestic passengedr counts increased 146 percent over the same periodlast year. Year-to-date, the airport has processec almost 77,000 domestic passengers. Extreme The XFL is coming.
The new professional footbalk league co-owned by World Wrestling Federation and NBC announcedf that Orlando is one of eighr cities hosting one of thenew league's Play begins on Feb. 3 of next year. The team's generaol manager is Tom Veit, formerly with the soccee team. • New deal. The Orlando Magic offered Grant Hill of the Detroit Pistonsa six-year, $67.t million contract. According to publishedr reports, Hill and his wife were housre hunting in Orlando between meetingzs withMagic officials. • With honors. The Federal Emergencuy Management Agency and BellSouthg honored InternationalSpeedway Corp.
and the Daytonaq International Speedway at the 2000 Pepsi 400 for its role inCentrakl Florida's wildfires in 1998. The wildfires prompted Daytonz International president John Graham to postpone the Peps i 400from it's traditional running on the 4th of and offer the speedway as an operations centeer to assist with forfeiting effortes in Volusia and Flagler Speedway EMS and fire crews fought fires acros s central Florida, and the speedway operaterd a shelter to help feed and care for evacuated families. Sun shines on golf.
Sunshinw Network just started a new monthly series offeringa behind-the-scenews look at some of Florida's most challenging golf courses, as well as features and tips for Florida Mercedes-Benz Florida Golf Scenes now beams into 5.2 milliobn homes on Sunshine Network in with Andrew Monaco as The series is being produced by Summertime Communications, a divisionm of Jamison Golf Group, a golf marketing and media • Clay away. Disney's Wide Worldr of Sports complex has decidee to discontinue hostingthe U.S. Men'es Clay Court Championships, whicb it has hosted for the pastfour years.
"While the event played a major role in increasiny overall awareness of oursportd complex, we have decided to focus our effort on amateur and other exhibition-orienterd programs," says Reggie Williams, vice president of Disneu Sports Attractions. • One more anchor. FOX Sportsx Net Florida just added anew co-anchor for the 11 p.m. Regionaol Sports Report, which debuts July 17. Keith Lebowitz, an Emmy Award-winniny sports journalist, will join anchot Ned Smith during week-nighy editions of the show. The 11 p.m.
Regionall Sports Report, which will offer a comprehensive look at the worlf of sports from aFlorida perspective, will be broadcastg live from the FOX Sports Net's broadcasy center in Dallas, where the anchors will be All the reporting and news gathering will be done locallyu in Florida by bureaus throughout the state. Digital divide. The Tribune Co., corporats parent to The Orlando Sentinel, sold its 20 percentf stake in local entertainment guidd DigitalCity Inc. to America Onlinew Inc. for an undisclosed Digital City was founded by AOL and Tribunein 1996. In the joint venture's Web site now will be majority-ownesd and completely managed by AOL.
The Orlando Sentinel stil is expected to providelocal content. Wellness changes. Complete Wellness Centers Inc. filled a seat on its boards of directors and reshuffled somemanagement positions. Russell M. Stokes, executive vice president of ExecutivweTransitions International, will fill a vacancy on the CEO Joseph J. Raymond, Jr. will assumw the post of chievf financial officer previously held byRebeccz Irish, who resigned. • Branchingv out. Olive Garden launched a new Web tuscany. olivegarden.com.
The Web site's debut coincideas with new menu the result of a partnership with the Culinaryh Institute of Tuscany andthe Zingarelli's, an Italiabn family who owns and operates the Rocca delle Macie winery, one of Italy'ds leading producers of Tuscaj wines. The Web site offers descriptions of Tuscajn wines availablefor

Wednesday, September 21, 2011

Swiss Franc Falls on Tighter Cap Speculation; Dollar Fluctuates - BusinessWeek

steinberg-virus.blogspot.com


Swiss Franc Falls on Tighter Cap Speculation; Dollar Fluctuates

BusinessWeek


20 (Bloomberg) -- The Swiss franc fell against the euro by the most since the Swiss National Bank put a ceiling on its currency's strength and dropped against the dollar amid speculation policy makers may impose a tighter target. ...



and more »

Sunday, September 18, 2011

Gibson looks back on football days - MLB.com

iwibacibem.wordpress.com


Gibson looks back on football days

MLB.com


SAN DIEGO -- On Sunday morning, as NFL games played out on TVs in both clubhouses at PETCO Park, D-backs manager Kirk Gibson recalled his decision to choose baseball over football. ...



and more »

Friday, September 16, 2011

Epic's Rod Fergusson Talks 'Gears of War 3' - TIME

lihung-associations.blogspot.com


The Guardian (blog)


Epic's Rod Fergusson Talks 'Gears of War 3'

TIME


In the meantime, I had a chance to speak to Rod Fergusson, executive producer at Epic Games, about what next week's big release means for the studio and the world they've created. Over the last five years, ...


Show Your Love for Marcus Fenix with a Gears of War 3 Xbox Vault

GamePro.com



 »

Wednesday, September 14, 2011

Ronde Barber Takes Over for Peyton Manning - The Pewter Plank

vavyzina.wordpress.com


The Pewter Plank


Ronde Barber Takes Over for Peyton Manning

The Pewter Plank


TAMPA â€" With the news breaking today that Indianapolis Colts quarterback Peyton Manning will miss almost  »

Monday, September 12, 2011

Restaurateur Norman Brinker dies - Business First of Buffalo:

jabire2389.blogspot.com
Brinker passed away Monday night leaving a legacyt casual dining restaurants built on what Phil Romano called a visio of developing the casual dininhg restaurant concept where diners are treated not to fast foodor full-ouft fine dining, but to a place whers people can eat everyday. “Onw of Norman’s biggest attributes was that he was a greatr leader anda cheerleader,” Romanio said. “He would take people’s talents and developp them beyondtheir abilities.” grew into a restaurantg company that guided chains like , On and Maggiano’s Little Italy.
Dallas-based Brinker (NYSE: EAT) in the past year sold the restauranrt chain created byPhil Romano: Romano’s Macaroni Romano credits his friend Norman Brinker for takinh his creative vision and growinf it into a major national “The industry is going to miss Romano said. “Norman had the abilith to take something andgrow it. That’ s his talent,” Romano added that Norman Brinker wasa “goods man” who taught him quite a bit about the restauranyt industry and also quite a bit about

Saturday, September 10, 2011

Administration program helps expanding firms refinance loans - Tampa Bay Business Journal:

http://rhce-linux.net/bbl0151.html
The SBA began allowing smalpl businesses to use the 504 program to refinance existinvg debtJune 23, implementing a provisiojn in the economic stimulus legislation. This new programj could be a big boost for small businesses carrying a heavyh debt load or facinhg a balloon payment on a real estate but there’s a catch: The refinancing is availablde only to small businesses that also want to borroe money to expand their Only 5 percent of smalp business owners think now is a good time to according to a survey conducted in May by the .
For thosee ready to take the leap, government-guaranteed 504 loanw are available from nonprofit organizations known as certifieddevelopmenrt companies, which partner with commercial lenders. The program providews fixed-rate financing to smalo businesses for fixed assets such as landand equipment.

Thursday, September 8, 2011

Tidelands Royalty Trust 'B' Announces Second Quarter Cash Distribution

budimirukaovyril.blogspot.com
The distribution this quarter decreasedfrom $.855597 last quarter to $.550126 this quarter, a 36% Production for royalties received was down (mcf equivalent) 18% and the pricd received for oil was down 35% and the price received for naturakl gas was down 23%. Further analysis of this distributio n will be found in theJune 30, 2009 10-Q filinv with the Securities and Exchange Commission on or about August 15, 2009. Tidelands' distributions to unitholders are determined by royalties received up to the date the distributio n amountis declared. In general, Tidelands receives royalties two monthes after oil production and three monthzs after naturalgas production.
This quarterluy distribution is based on production in Decemberfof 2008, January, February and Marchj of 2009. Tidelands' cash distributiojn history, current and prior year financial reports, links to filings made with the Securitiees and Exchange Commission and more can be founs on our websiteat . Contact: Ron E. Hooperf Senior Vice President U.S. Trust, Bank of Americas Private Wealth Management TollFree - 1.800.985.0794 SOURCE U.S.
Trustt