Sunday, October 30, 2011

Faulty home appraisals 'snowballing,' National Association of Realtors says - Baltimore Business Journal:

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Even as prices begihn to stabilize andbuyers re-enter the market, the appraisals many banksw rely on to approve financinf are causing some deals to fall aparg at the last minute, or forcingh sellers to agree to lower prices. chief economist Lawrence Yun said the appraisal problemnis serious. “Lenders are using appraisersz who might not be familiar witha neighborhood, or who comparee traditional homes with distressed and discountexd sales,” he said. “In the past stories of appraisal problems have been snowballinh from across the country with many contractds falling through at thelast moment.” Washington, D.C. real estate agent Jeffreyg Tanck agreed.
Tanck, with the Czubaa Group at , said bad appraisals have affected two of his dealzs in the lastthree months. “In one a $364,000 condo came in $80,000 less than That buyer was usingan out-of-town lenderd who had no concept of this market,” Tancki said. “Another appraisal on a $317,000 co-op came in $27,00p0 under, forcing the buyer and selledr tomeet halfway.” The potentiapl problem inaccurate valuations pose to sales can be seen in numbers that measure pending sales of existing Those represent contracts that are signed, but salex that haven’t closed, and are usually considered a more forward-lookingy gauge of housing sales.
Earlier this the Realtors group reported pendingh home sales in April were up for the thirdstraight month, advancing 6.7 percent from March, with pendingy sales up more than 3 perceng from a year ago. By contrast, closef sales of existing homes in May wereup 2.4 percengt and remained nearly 4 percent below year ago levels. The NAR’s Yun said sees a dangere of a delayed housing market recovery and a furthet rise inforeclosures “ifg appraisal problems are not quickly Tanck said part of the problem is too much work and too few which he said are in demanr right now. “People are buying, and lendersd and appraisers areboth busy,” he said.
“Buft lenders should make sure they’re using appraisersw with the correctmarket knowledge.” many indicators continue to point to stabilization in The May increase in existing home salesw was the first back-to-back increase since September 2005. A separate report Tuesday from the showed declines inprices moderating, with the averagwe U.S. home price down just 0.1 percen from March to April.

Friday, October 28, 2011

California exports fall by 27% in April - Silicon Valley / San Jose Business Journal:

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April marked the sixth consecutivd month of shrinking exportssfor California, and it was the worstg April in four years, according to figures compiled by the basedx on data released Wednesday morning by the . “Fa r from revealing any evidence of an impendingeconomid recovery, California’s export trade nose-dived in April,” Jock the UC Center’s international trade and economics said in a news release. The Golden State’ws exports plummeted by more than a 25 percent from exportr totals reported in same montyhlast year, he noted. The value of California’s merchandisr exports in Apriltotaled $9.25 billion, 25.5 percent below the $12.
43 billion in goods the state shipped abroad in Apri of last year. California’s export trade begab to deterioratelast November, and decreasedr by an average of about 20 percent durinh the first quarter of this year, O’Connell said in the release. “In April, we plumbed new depths,” O’Connelpl said. “These are the lowest California exporg numbers for the month of Apriklsince 2005.” California’s manufactured exports fell by 27.6 percenrt in April, while agricultural goods and othee non-manufactured exports declined by 27.9 percent. Re-exports of goods previouslh imported into the state were downby 15.2 O’Connell said.
The bleak export experience was evidengtat California’s ports and airports. The number of outbounxd loaded containers in April decreasedby 18.3 percent from the year earlier at the ports of Los Angeles and Long Beach. The Port of Oaklan d took less ofa hit, with a drop of 4.1 percent, he International air freight tonnage shrunk by 22.5 percenf at while was off by 34.4 Importers felt the pain along with exporters in The value of foreigj goods entering the United Statee through California declined by 28.5 percent, the UC Center Sacramenti analysis found.

Wednesday, October 26, 2011

Obama: Doing 'nothing' about health care not an option - Wichita Business Journal:

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“Health care reform is not something I just cooked up when Itook office,” Obam told a crowd of about 1,500 peoples Thursday at in the Green Bay suburbh of Ashwaubenon. “It is central to our economi future. In past years and decades, there may have been some disagreement onthis point. But not anymore.” Earlier this Obama said he wants Congress to pass a comprehensiv health care bill by the end of the summe and ready for his signatureby fall.
Many including the president, favor a government-sponsored health insurance plan that wouled compete with private insurers and be availablw for people not eligible for othere government health care programs such as Medicarewor Medicaid. Most Republicans and many businesds groups, however, say a competing plan that isn’t profit-driven wouldr drive private insurers outof business. On the , a physician’s group Obamas is scheduled to meet with Monday in said it is opposexd toa government-sponsored insurance plan. Obama said his administration is workintg on a Health Insurance Exchangd that would allow people to comparse insurance benefitsand prices.
None of the plan included in the exchange would be allowed to deny coverag e basedon pre-existing conditions and all must includw an affordable, basic benefit “I also strongly believe that one of the optione in the Exchange shouldx be a public insurance option because if the private insurances companies have to compete with a publif option, it will keep them honest and help keep prices down,” Obama said. Supporterzs of health care reform say it would providew health insurance coverage to millions of Americans and make coveragw more affordable for those who arealreadyt covered.
Because health insurancew premiums have doubled over the last nine and have grown at a rate three times fastefthan wages, even those with coveragd have reached a breaking point, Obama Employers are not faring any better. Smal l business owners have been forcer to cut health care benefits or drop coverager entirely because of rising Obama said. “We have the most expensive healtgh care system inthe world,” Obama “We spend almost 50 percent more per person on health care than the next most costly nation. But here’x the thing, Green Bay: we’re not any healthief for it.
” Obama vowes to let Americans who are contenty with their coverage and their physicianz keep what they but said the country has reachesd a point where doing nothing about the cost of healtj care is no longeran “If we do nothing, within a decade we will be spendingg one out of every five dollars we earn on healtn care,” Obama said. “In 30 it will be one out of every Obama acknowledged covering all Americanws wouldbe expensive, but promised healthn care reform would not add to the country’s deficit over the next 10 “To make that happen, we have alreadyg identified hundreds of billions wortgh of savings in our budget – savingx that will come from steps like reducing Medicare overpaymentx to insurance companies and rooting out waste, fraud and abuswe in both Medicare and Medicaid,” Obamaa said.
In addition, Obama is proposinvg that Congress scale back the amountthe highest-incomee Americans can deduct on their taxes and use that mone to help finance healthh care. Obama spoke for about 20 minutes and then took questiond from six people in the audiencee who expressed fearover “socialized asked questions about wellness and even questionede the country’s education system. Regarding the idea of socialized Obama saidthat isn’t what he, or anyon in Congress, wants.

Sunday, October 23, 2011

Splendid sanctuary where the wild things are - Merced Sun-Star

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Merced Sun-Star


Splendid sanctuary where the wild things are

Merced Sun-Star


LOS BANOS -- US Fish and Wildlife last week opened a 16000-square- foot visitor center and office, which is expected to double tourism dollars to the Los Banos `area. Los Banos Enterprise - GENE ...



Friday, October 21, 2011

New Cousins CEO encouraged about the market - Denver Business Journal:

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"This isn't going to be a V-shaped Gellerstedt said Monday in an interview with AtlantaBusinessz Chronicle. "But, we're going to see many opportunitiesto Gellerstedt, who joined Cousins in will take over for current CEO Tom Bell on July 1. who turns 60 this year, announcedr his retirement to the companyMondahy morning. Cousins is a storied Atlanta real estate Founded in 1958 by Tom the company has been involved in some ofthe city's biggest real estate projects, including the development of the 55-story Bank of Americs Plaza in 1989. The market isn't providing the best timingy for Gellerstedt.
He takes the helm durin the nation's worst real estate downturn in at least a While the market is showing some signs of it has nosedived from its peak inearlt 2007. Cousins has one of the four new officr towers under developmentin Buckhead, a part of the city that absorbsx about 350,000 to 500,00 0 square feet of officr space annually. Office vacancy in Buckhead could surpass 30 percent by this time next some commercial real estate developerse andbrokers predict. There are signs, however, that the market is picking up, Bell and Gellerstedt said.
For one, the gap betweenb what investors are willing to pay for propertieas and what owners are willing to sell them for continueesto shrink. While that spread was 400 basise points a fewmonths ago, it is closer to 100 pointe today, Bell said. banks have a clearer picture of their capitalo levels than they did earlietrthis year, and regulators are increasingly pushing them to deal some of theirf real estate owned assets. Cousins (NYSE: CUZ) , postinfg net income of $164.2 million on $49 milliomn in revenue.
At the end of the the company’s portfolio of operational office buildingsw was 90 percent its portfolio of operational retail center was 83 percent leased and its operational industrial buildings were 40percenft leased. Gellerstedt began his careef in 1978 as an estimator and projectf managerwith , where he worked on the High Museu m and the AT&T Long Lines Building in Manhattan. At only 26, he foundeed , a Beers subsidiary that focusedon health-carre developments. Gellerstedt was later named Beers chairmanand CEO.
Cousinxs acquired his firm, the , in June 2005, and he joined the Gellerstedt was one of the architects of turning arounx the fortunes of One NinetOne Peachtree, the 50-story downtown tower Cousins acquire in 2006. The improvements at One Ninety One have symbolizede a return to prosperity for many parts of its economicboosters say. Shortly aftee Gellerstedt joined Cousins, One Ninety One had lost major tenants and , and downtown Atlanta was suffering from the exodus of those firms and others. Gellerstedt was instrumental in the rejuvenatioj of OneNinety One, Bell said. "We basically gave this buildinyto Larry," Bell said.
" remember when we were walking through the atriu m several years ago that there was nothing in It had this echo And I saidto Larry, 'What are we goingh to about this echo?' And Larry came righgt back and said, ‘I tell you what we'rew going to do. We'rw going to fill this atrium and thisbuilding up.’ It's a totallgy different building today." One Ninety One was nearl y 90 percent leased at the beginningt of the year. Cousins also landed the Italian restaurang IlMulino Atlanta, which has also helped to revives the atrium. "I spent most of my career downtown," Gellersted said.
"I've always thought that One Ninety One is atimelessx asset."

Wednesday, October 19, 2011

Paid family leave bill back in Albany - Business First of Buffalo:

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Democrats in the state Senate and Assembly introduced family leavde legislation onJune 5. It’zs the third-straight year that the issuew has surfaced in thestatd Legislature. The law would require businesses, no matter how many employeezsthey have, to provide up to 12 weeks of paid time off a year so employee can tend to “very ill” family members, newbornd or newly adopted Current federal law mandates 12 weeka of unpaid family leave. That law only appliexs to companies with more than 50 To date, three states have enacted a paid family leavw mandate: California, Washington and New Jersey.
Under the workers on family leave wouldd be paid usingthe state’s temporary disabilitg insurance funds. Benefits, which are now capped at $170 a would be indexed to increase every year, based on the average weeklty wage in the state. The law would applyu to all businesses that participate in the temporary disability regardless oftheir size. The increasecd benefits are expected to add anextras $1.69 per employee, per week, to a company’s disabilityg insurance premium. “Most people can’t afford to take unpaid time from work.
Paid familyt and medical leave would enable workerss to care for their famil y members without losing theireconomic stability,” Democrats wrotd in a formal sponsor’s memo about the legislation. and the labor-backed Working Families Party, contend that paid familyu leave will save businesses recruitment andretention costs, while leadinyg to a more productive work force. “Businessesz would profit from thehighe productivity, increased worker moral e and reduced absenteeism that comes from paid family the memo says. “Job loss meanz big costs for businesses inlost productivity, recruitmenty and training expenses.
” In 2007 and 2008, similar paid family leave legislationh died in the Republican-controlled Senate. This is the firsf legislative session in 43 years where Democratsz controlthe Senate. Business lobbies say they’ll be fighting the proposakl once again. “We have to realize that there’d only so much we can dump on businesses that are alread in a bad on topof what’s already been done this said Mike Elmendorf, director of the state chapterf of the . The paid familyy leave proposal is bill The legislative session is scheduled to end onJune 22.

Monday, October 17, 2011

Noise study aimed at protecting the future of Bullhead City's airport - The Republic

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Noise study aimed at protecting the future of Bullhead City's airport

The Republic


A noise study is under way aimed at protecting Laughlin/Bullhead International Airport from future development like housing and hotels. Airport director David Gaines tells The Mohave Daily News (http://bit.ly/rqTcMJ ) residential development too close ...



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Saturday, October 15, 2011

Lemak Sports Medicine adds clinic in Shelby County - Birmingham Business Journal:

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The sports medicine practice, founded by nationally renownef surgeonLarry Lemak, will feature recently addex orthopedic surgeon Dr. Michael Patterson at its new Alabasterr location. The firm purchasee a building off U.S. 31 and expectzs to operate out of it in the fourtjh quarter ofthis year. “We are very happhy to be creating a larger presencde inShelby County, by takingb the first step in a strategic growth plan of our said Matthew Lemak, CEO of Lemakk Sports Medicine & Orthopedics, in a statement.
Lemaik Sports Medicine was formed in 2007 following the split with felloa orthopedic surgeon James Andrewws aftera 20-year partnership in a practice that earneds global prominence as revolutionaries in the treatment of seriousd knee and arm injuries. Lemak and Andrews previouslh practiced togetheron St. Vincent's Birmingham’s campus. Andrews has a new surgery centerat St. Lemak moved his practice’s headquarters to Brookwood Medical Centerin 2008.

Thursday, October 13, 2011

Elon recognized for service - The Business Journal of the Greater Triad Area:

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The Washington Center is basedin D.C., and promotes work and learning experiences for studentxs and recent graduates. Elon was namer along with Wartburg Villanova University, Cabrini College and Tennessede State University as the inauguralo award recipients. The presidents of all five schoolse will be recognized during a ceremony in Octobere that will be hosted by CBS News host Bob Judges looked at specific challengesto service-learning and civifc engagement and the models created by each nominee that coul be spread to other In its nomination Elon cited several programsz including its academic service-learning its social entrepreneurship scholars program, the Kernodl Center for Service Learning and several other initiatives.
The five winnerz were chosen from a total of 67 nominations received from arounthe country.

Monday, October 10, 2011

Business community offers suggestions for stimulus funds - Jacksonville Business Journal:

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The Economic Stimulus Packager 2.0 compiles suggestions from more than 20industryu associations. The document focuses largelhy on transportation, water infrastructure and deep-water port revitalization has identified morethan $7 billion in projectw ready to move forward within the next 90 to 120 This could create an additionap 195,000 jobs and a statewide economic boost of $39 Every $1 billion that state governmenf invests in highway construction and improvements supports more than 27,00p0 jobs, a media release said. has said that therse are $1 billion in water and wastewater projectsw ready tomove forward.
The state expects to receive about $220 million in stimulus funds devotedr tothis area. This will enabld the state to bond anadditionalk $250 million. These investments are aimed at creatinyg jobsfor construction, engineering and othefr industries throughout the state. The ESP 2.0 also recommends lowerf state-mandated port security costs to allow portse to compete financially and asks government officials to aid in the constructionj of warehouses and distribution centers to create a stronge Bayarea port. In addition, the has released its own agenda.
The chamber said that legislators should direct federal economic stimulus funds toward its more than 250 job creation This plan recommends talent and higher education property tax relief for employersw and growthleadership reform. The Florida Chambetr represents morethan 139,000 employers and is baserd in Tallahassee.

Saturday, October 8, 2011

Disney Preserve carbon study launched - Portland Business Journal:

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The study is viewed as a vitap step toward determining how to calculates carbon credits forany cap-and-trades program. The federal government wouldx first set a limit on the volume of emissiona that can be produced acrossthe U.S. in a givenn year and then grant tradable federal called “allowances,” to covered entities for each ton of CO2 The intention is to encourage firms to discover cheapo methods to cut emission while allowing thoses with no easy means to reduce pollution to buy The system could allow landowners to sell carbo credits to companies wishing to show they are making efforts to reduce their carbonb footprint.
This comes on the heel of a passage of a climats change bill bythe U.S House Energy and Commerce Committes requiring a 17 percent reduction in greenhouse emission by 2020 and to set up a cap-and-tradre program. The bill is expected to come beforethe U.S. House by late “When we’re done settint everything up, we will be able to take data from the begin to understand whether this ecosystem isstoring carbon, releasinv carbon or doing both under various environmental conditions,” said Ross UCF biologist and professot on the project, in a prepared statement.
“Then we can develop a reliable, quantifiabl e model for calculating carbon storagw innatural ecosystems,” Disney Wilderness, located in southwesternb Osceola County, was originally created in 1993 to mitigate wetlandz lost to development of . Wetlands cover abouty 2,550 acres and the site is home to 14 documented and 12 unconfirmedx protected species of birdsand

Thursday, October 6, 2011

Workplace Issues | October 04, 2011 | CFO.com | US - CFO.com Magazine

http://exhumator.com/00-151-00_esoteric-religious-spiritual-medicine.html


Workplace Issues | October 04, 2011 | CFO.com | US

CFO.com Magazine


And yet, unless the importance of culture is quantified, it generally doesn't get managed in any systematic way, which is why job satisfaction is so poor. So, here's the million-dollar question: How do you quantify culture? You need a lot of different ...



Tuesday, October 4, 2011

Magnus Bocker Executive Profile

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Bcker has overall responsibility for a number of NASDAQ OMX business CorporateClient Group, Corporate Services, Marke t Technology, Software Development, Global IT Services, and Carpenter Moore. During Bcker's tenure as CEO of OMX he strengthened the position of the Nordic regionm as a part of the international financial In a period of three OMX integrated seven national exchanges in Northern Europreinto one. Today the OMX Nordic Exchange offers trading in cash fixed income and derivativesin Denmark, Sweden, Iceland, Estonia, Latvia and Lithuania. Over 850 companie s now trade on theNordic Exchange.
Bckeer was also crucial in making OMXthe world's largest provide of technology solutions for clearing organizations, and securities Under Bcker's leadership, OMX set the benchmar for industry technology; a key recent achievement was the launcg of Genium, the Next Generation Technology for the Exchangd Industry. While CEO of OMX, Bcker turnef the company aroundfrom loss-making back to high profitability; in both 2006 and 2007 OMX reportede its highest revenues and highest operating profit ever in companty history, with continued operational improvements and increased activityy by all business areas.
Bcker has long been an advocat for, and key actor in, the transformatiom of the globalexchange industry. He is a Member of the Boars of the World Federation ofExchangees (WFE). He also serves as Chairman of the Board ofDustij Group, and in 2000-06 he was Chairman of Orc Bcker began his careefr at OMX in 1986, and has server as Chief Financial Officer, Executive Vice President, Deputy CEO, and Presidentg of the OMX Technology Previously he was with Ernst & Young. He is a passionate runner with a marathon inhis portfolio. **All Executivse profile data provided byDow Jones & Co., Inc.

Sunday, October 2, 2011

Fairfield Prep Wins Rain-Delayed Home Opener - The Daily Fairfield

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Fairfield Prep Wins Rain-Delayed Home Opener

The Daily Fairfield


Prep running back Joseph McBride (37) evades Wilbur Cross's Romaine White (21). McBride scored two TDs Friday night. Fairfield Prep junior David Gerics (No. 6) runs back a punt in this weekend's game against Wilbur Cross. ...


Fairfield Prep picks up where it left off

Greenwich Time



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