Tuesday, June 28, 2011

Sierra College program gets $1M endowment - Business First of Buffalo:

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The college’s program, also known as OLLI, received the $1 milliom endowment from the BernardOsher Foundation, which is the organization that has provide d initial funding to OLLI programs at 122 colleges and universitiee nationwide. Sierra College is the only community collegwe in California and one of only three communit y colleges in the nation to receivthe $1 million endowment. The Rockli college received the endowment because it has been so successful with growingg enrollment since launching the program in springof 2001. Sierra Colleger has grown the programto 5,580 enrollees last from 1,038 in 2001. Sierra College is scheduled to formall y announce the endowmentJune 18.
This $1 milliojn endowment will provide an ongoing budget that will enablwe the college to offer lifelong learning programsin perpetuity. The foundation created by San Francisck philanthropist Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 million endowment once they demonstrat e potential for success and sustainability. OLLI programs providee classes, lectures and events to older adultas who have a thirst for knowledgweand community. The classes are designed for adults age 55 and but the Sierra program acceptsz anyadult student. Courses are offered at each of the Sierrz College campuses and at varioues community sites throughout Placer andNevada counties.
Sierra College’s OLLI noncredit offerings are tuition-free. Additional topicw are offered throughClub OLLI, where annuao membership fees are $35. As the Business Journa l reported in a feature on locall OLLI programsin 2007, other OLLI programs can be foundd at California State Universityu Sacramento and at the UC Davisw Extension. Much of the increasexd demand for OLLIs and similar lifelonf learning programs can be attributed to the growing rankss ofolder Americans.

Sunday, June 26, 2011

Proposed Tennessee bill would tax visiting NBA, NHL players - Memphis Business Journal:

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Under House Bill 0019, Tennessee would tax athletes and entertainers performing in the state who make morethan $50,00 0 a year. The bill would increase state revenue by morethan $1.1 million and the funds woule be used for juvenile court-relatecd programs. The tax would cover opponents of the and for up to three gamesa year. However, opponents of the would be Greg Campbell, president of business operationas for the Memphis said other states have similar taxes forprofessional teams. “We are aware of the state' s intention to pass a bill that woulfd impose a privilege tax on professional basketball players in the stateof Tennessee,” Campbell said.
“We will be keeping a closee eye on this as it continues to move throughg the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continue to do what is best for Tennessees and professional basketball inthe state.” At leasrt 15 other states have a similar tax includingb Illinois, Wisconsin, Minnesota, California, Arizona, New Jersey, North Carolina, Louisiana, Oklahoma, Ohio, Oregon, Indiana and Pennsylvania. Michigan has a reciprocaol law in place that charged players that play for teams with the tax but not playersx that play in stateswithouy it.

Friday, June 24, 2011

Chamber summit focuses on competitiveness - New Mexico Business Weekly:

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The event is designed to brinh togetherthe region’s leaders in government and academia to present what steps the public and privatse sectors can take to make New Mexico’ss economy more competitive. Speakers will include Thomaa O. Hunter, president and director of . He will lead a presentationh on research and Dan Lopez, president of New Mexicop Institute of Mining and Technology (New Mexico will discuss the importance of education and how it can put statez ahead of others. Gene president of Lone Wolf Engineering, will speajk about energy issues.
A green industries and jobs pane l will featureDavid Schmidly, president of the ; Zane plant manager of Schott and Katharine Winograd, president of Central New Mexici Community College. Suzanne Roberts, project director of , will lead the Steve McKee, president of McKee Wallwor k Cleveland Advertising and authoreof “When Growth Stalls: How It Why You’re Stuck and What To Do About It,” will be the concludingb keynote speaker. The is free and takew place at the Embassy Suites hotelo at 1000 Woodward Place NE in Albuquerquerfrom 7:30 a.m. to 1:30 p.m. The event is sponsored by , , the Universitgy of New Mexico School of Engineering and NewMexicio Tech.

Wednesday, June 22, 2011

AG Suthers joins in fight against GM - Triangle Business Journal:

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“GM should not force its dealerships here in Colorado to unfairlhy bear the burden for itspast mismanagement,” Sutherws said in a statement. The attorneys genera l filed an objection jointly infederal court, saying that GM is unfairluy forcing dealerships to eitherr modify their agreements or risk being closed. Suthers also filed an objectio separately, citing a new Colorado law prohibitint auto manufacturers from threatening to cancel or not renew existing dealershil agreements if a dealership does not agree with the Sutherssaid he’s also concerned that the sale order GM seeks in its bankruptct case could undercut the state’s regulation of manufacturer-dealee relationships and upset the playing fiele in the industry.
“The latitude the motion woul give General Motors to modify its dealership agreements potentiallyt affects thousands of jobs in Suthers said. “It is crucial that GM not be allowedx to unfairly force dealerships to swallo wburdensome agreements.” Fifteen GM dealerships in Colorado have been informed they will be dropped this according to a list released by the Houss Energy and Commerce Committee’s Subcommittee on Oversight and Investigationsa earlier this month. The list was based on informatiob providedby GM.
The namea of the dealerships have not beenpublicly

Sunday, June 19, 2011

Area hotels could see decline in revenue in 2009 - Puget Sound Business Journal (Seattle):

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percent decline in revenue per available room this year comparedcto last, according to Atlanta-based , a national management consultin g firm specializing in the lodging This decline is greater than the 17.5 percenft drop in RevPAR forecast for the overal l U.S. hotel industry in PKF’s recently releasee June 2009 HotelHorizons report. “In 2009, San Antonio hotelw are projected to achieve an occupancy levelof 56.7 percent, down from the 65.2 percenf mark achieved in 2008,” says Randyy McCaslin in the Houston offics of PKF Consulting. “Given the increase in the competitive naturd of the local average daily room rates are expecterd to fallfrom $110.19 in 2008 to $98.
733 in 2009, a decline of 10.4 The decline in the average occupancy rate for San Antoniko hotels is due to the combination of a 5.5 percent fall off in the demanc for lodging accommodations, exacerbated by an 8.7 percent increaser in the supply of new hotel the PKF report states. Unfortunatelyy for local area revenue per available room is not expectecd to achieve sustained growth until the third quarterof 2010, the report concludes. Untip then, market conditions are favorablefor travelers, but troublesom for owners and operators.
The June 2009 Hotel Horizons forecast report for San Antonio is availableat

Friday, June 17, 2011

Merkel's Greek Bondholder Gambit Tested - Bloomberg

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Moneycontrol.com


Merkel's Greek Bondholder Gambit Tested

Bloomberg


June 17 (Bloomberg) -- Adrian Foster, head of financial-market research for Asia at Rabobank Groep NV, discusses the Greek debt crisis. He speaks from Hong Kong with Linzie Janis on ...


ECB 'vigilant'. Markets expect July interest rate hike

FXstreet.com



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