disadvantage-unlimited.blogspot.com
company for $33.9 million, and the new owner hopes to rejuvenatwethe development. recently bought the Charlotte East park onAlbemarlw Road, just east of Independence Boulevard. The office park, constructex between 1973 and 1985, contains 11 buildingz totaling 535,000 square About 173,000 square feet is vacant. The spacs leases for $14 per squarw foot. Kellogg bought Charlotte East from Robinsonn DevelopmentGroup Inc. of Norfolk, Va. Robinson had acquireds the park in April 2005for $28 millio n from Miami-based LNR Properties. The purchase marks Kellogg'as debut in Charlotte. The company's interestf in the park stems from the fact that Charlottee East is a former KogerEquity Inc.
property, says Glendqa Snelgrove, Kellogg director of acquisitions. Kellogfg owns two former Kogert properties in Jacksonville and has found successe in upgrading and recasting them to suitthe market's demands, she says. Kelloggg expects the same performance in she adds. "Some of these properties lend themselves to renovatingand upgrading. We think we'vw found our niche." The park'sx tenants include MedClaim Inc., the Social Security Easter Seals, the Presbytery of Charlotte and several state and locaplgovernment agencies. Ryan Clutter of the local offices of CB Richard Ellis was lead listinyg agent inthe sale.
Kellogg has retainee Jessica Brown and Eric Speckman of CB to handlew leasing and management of the Brown and Speckman also had those responsibilitiesaunder Robinson's ownership.
Monday, December 31, 2012
Sunday, December 30, 2012
Washington, D.C. Social Services Jobs - View Washington, D.C. Social Services Jobs
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View Social Services Jobs View ExecutiveJobs Washington, D.C. Academi c Jobs Washington, D.C. Accounting Jobs D.C. Marketing Jobs Washington, D.C. Allied Health Jobs Washington, D.C. Finance Jobs Washington, D.C. Biotechnology Jobs D.C. Consulting Jobs Washington, D.C. Dental Jobs Washington, D.C. Food Servicre Jobs Washington, D.C. Governmentf Jobs Washington, D.C. Healthcare Jobs Washington, D.C. Hospitality Jobs D.C. Hotel Jobs Washington, D.C. Human Resources Jobs D.C. Insurance Jobs Washington, D.C. Legal Jobs Washington, D.C. Media Jobs D.C. Mortgage Jobs Washington, D.C. Nursinhg Jobs Washington, D.C. Pharmaceutical Jobs Washington, D.C. Physiciahn Jobs Washington, D.C.
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Thursday, December 27, 2012
Bogle
batyushkinuxit.blogspot.com
That calm in the storm is John thelegendary 79-year-old founder of Vanguard and the creator of the first indedx mutual fund. The main reasoj I lean so heavilyon Bogle’s sage advice is somethingt I heard him say more than 15 yearas ago. It is wisdom he is repeatinyg in the throes ofthis turmoil. I heeded this counsel when I first heard it, and it has allowesd me to sleep at nighyt while weathering this debacle. He says investors simplty should hold bonds in anallocation that, in termse of percentages, tracks with their age. This simples formula tells me, at age 72, to be 28 percengt in equities and 72 percenrin bonds.
Incidentally, it was recently documented inthat Bogle’sz own funds are invested entirely in Vanguard funds, in what he says “ias probably a 75 percent bond, 25 percen t stock allocation” — roughly in keeping with his age-basedd formula. It should be noted that the sharer price of the Vanguard Total Bond Market Index Fund has changedr little in the past 12 Although Bogle’s age-based formula is the big reason I rely so heavily on his sage many other wise pronouncements are worthy of noting at this tense time for all investors.
A New York Times article by Jeff Sommeer last monthrelayed Bogle’s advice that once investoras set up a “conservative, balanced, broadly diversifief portfolio” and a plan to contribute regularlyy to it, they should let it be. They shouldn’gt check returns daily. Bogle deems daily average s asmainly noise, according to the Times. John Bogle’s investmeng wisdom makes him a role modelkof mine. However, there is anothetr reason I apply that monikerto him. He has lived with a transplanted heart for more than 12 and yet he maintainsw a very active professionakl life as a speakerand writer.
I can’tt wait to read his new “Enough: The True Measuresa of Money, Business and Life.” My thesisz today is pretty simple. When you and I listen carefully toJohn Bogle, we probabl will not hit investment home runs. Index investingv in stocks and bonds withan age-basec allocation between equities and bond produces singles, not round-trippers. It is my firm beliec that lotsof singles, couplesd with time and the magic of compounr interest, will get you whers you want to be in investing. It shoul be crystal clear now that greed and impatiencedestroh investors. On the othet hand, patience and close attention to asset allocation are the ingredientd ofinvestment success.
Finally, we all should rememberf that there are only two reasons why we save and We save and investf to buffer ourselves against emergencies and so that we can take advantagdof opportunities. Obviously, those opportunities include college education for our childrenand comfortable, secure retirementas for ourselves. John Bogle recently said: “This is a tougnh time. It’s very unrealistic to expec t some beautiful rainbow aftefthis storm.” All the more reason we should listenm carefully to his sound advice.
That calm in the storm is John thelegendary 79-year-old founder of Vanguard and the creator of the first indedx mutual fund. The main reasoj I lean so heavilyon Bogle’s sage advice is somethingt I heard him say more than 15 yearas ago. It is wisdom he is repeatinyg in the throes ofthis turmoil. I heeded this counsel when I first heard it, and it has allowesd me to sleep at nighyt while weathering this debacle. He says investors simplty should hold bonds in anallocation that, in termse of percentages, tracks with their age. This simples formula tells me, at age 72, to be 28 percengt in equities and 72 percenrin bonds.
Incidentally, it was recently documented inthat Bogle’sz own funds are invested entirely in Vanguard funds, in what he says “ias probably a 75 percent bond, 25 percen t stock allocation” — roughly in keeping with his age-basedd formula. It should be noted that the sharer price of the Vanguard Total Bond Market Index Fund has changedr little in the past 12 Although Bogle’s age-based formula is the big reason I rely so heavily on his sage many other wise pronouncements are worthy of noting at this tense time for all investors.
A New York Times article by Jeff Sommeer last monthrelayed Bogle’s advice that once investoras set up a “conservative, balanced, broadly diversifief portfolio” and a plan to contribute regularlyy to it, they should let it be. They shouldn’gt check returns daily. Bogle deems daily average s asmainly noise, according to the Times. John Bogle’s investmeng wisdom makes him a role modelkof mine. However, there is anothetr reason I apply that monikerto him. He has lived with a transplanted heart for more than 12 and yet he maintainsw a very active professionakl life as a speakerand writer.
I can’tt wait to read his new “Enough: The True Measuresa of Money, Business and Life.” My thesisz today is pretty simple. When you and I listen carefully toJohn Bogle, we probabl will not hit investment home runs. Index investingv in stocks and bonds withan age-basec allocation between equities and bond produces singles, not round-trippers. It is my firm beliec that lotsof singles, couplesd with time and the magic of compounr interest, will get you whers you want to be in investing. It shoul be crystal clear now that greed and impatiencedestroh investors. On the othet hand, patience and close attention to asset allocation are the ingredientd ofinvestment success.
Finally, we all should rememberf that there are only two reasons why we save and We save and investf to buffer ourselves against emergencies and so that we can take advantagdof opportunities. Obviously, those opportunities include college education for our childrenand comfortable, secure retirementas for ourselves. John Bogle recently said: “This is a tougnh time. It’s very unrealistic to expec t some beautiful rainbow aftefthis storm.” All the more reason we should listenm carefully to his sound advice.
Wednesday, December 26, 2012
Palm Beach County clerk cuts 66 employees - Wichita Business Journal:
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million, or 18 percent, reduction in the office’s budget by July 1, countyh clerk Sharon Bock said in anews release. The cuts are expectedd to “significantly impact service levels atthe Clerk’s seven Palm Beach County she noted in the release. The required staf f cuts leave the office with fewer peopler to pursue and collect millions of dollars in unpaid traffic andcourt fees, whichn will lead to more budget cuts. “It’sd a vicious cycle designed to underfund usinto extinction,” she said.
Thirty-twl employees accepted a buyout offer this month and will leavre June 30 with a full payout on their sick rather than the normal 25 percent to 50 percengt offered under currenttermination policies. On May 29, an additiomn 34 employees were told during staff meetingse that they were beinglaid off, effective June 12. They will received four weeks of pay. With these layoffs and the positionpreviously eliminated, the office has cut 101 positions -- 16 percent of management positions and 12 percentg of hourly positions -- in the past year.
The Cler & Comptroller’s Office, which employs more than 800 in officesx throughout PalmBeach County, handles the business arm of the courft system. Employees receive, file and retrieve court documents, process fees and traffic and enter and maintain case information inthe court’z computer system.
million, or 18 percent, reduction in the office’s budget by July 1, countyh clerk Sharon Bock said in anews release. The cuts are expectedd to “significantly impact service levels atthe Clerk’s seven Palm Beach County she noted in the release. The required staf f cuts leave the office with fewer peopler to pursue and collect millions of dollars in unpaid traffic andcourt fees, whichn will lead to more budget cuts. “It’sd a vicious cycle designed to underfund usinto extinction,” she said.
Thirty-twl employees accepted a buyout offer this month and will leavre June 30 with a full payout on their sick rather than the normal 25 percent to 50 percengt offered under currenttermination policies. On May 29, an additiomn 34 employees were told during staff meetingse that they were beinglaid off, effective June 12. They will received four weeks of pay. With these layoffs and the positionpreviously eliminated, the office has cut 101 positions -- 16 percent of management positions and 12 percentg of hourly positions -- in the past year.
The Cler & Comptroller’s Office, which employs more than 800 in officesx throughout PalmBeach County, handles the business arm of the courft system. Employees receive, file and retrieve court documents, process fees and traffic and enter and maintain case information inthe court’z computer system.
Monday, December 24, 2012
U.S. home sales rise in May, but miss forecasts - Kansas City Business Journal:
ogarawo.wordpress.com
million homes were sold in May, markinyg the first consecutive monthly increase sincrSeptember 2005. Sales rose 2.4 percent from but that fell shor t ofthe 2.8 percent economists polled by Thompson Reuters had Sales were 3.6 percent off the 5 million homesx sold in May 2008, the NAR said in a Lawrence Yun, chief economist for the Chicago-based NAR, said first-time home buyersd drawn by the federal government’s $8,000 tax credity are boosting sales. But, he added, poor appraisals are slowing the completionof deals.
“Pending home sales indicate d muchstronger activity, but some contracts are fallinhg through from faulty valuations that keep buyers from getting a Yun said in the release. Total housing inventory was 3.8 million homes, or a 9.6-month down 3.5 percent from April. The median existing-home priced was $173,000, down 16.8 percent from last Distressed andforeclosed properties, which sell at a discount, are distortingv the price figures, the NAR said. Existinv home sales in the Midwest were up 9 percengtin May, to 1.1 million, but down 4.4 percent from May according to the The median sale price was $145,800, down 10.
4 percent from last
million homes were sold in May, markinyg the first consecutive monthly increase sincrSeptember 2005. Sales rose 2.4 percent from but that fell shor t ofthe 2.8 percent economists polled by Thompson Reuters had Sales were 3.6 percent off the 5 million homesx sold in May 2008, the NAR said in a Lawrence Yun, chief economist for the Chicago-based NAR, said first-time home buyersd drawn by the federal government’s $8,000 tax credity are boosting sales. But, he added, poor appraisals are slowing the completionof deals.
“Pending home sales indicate d muchstronger activity, but some contracts are fallinhg through from faulty valuations that keep buyers from getting a Yun said in the release. Total housing inventory was 3.8 million homes, or a 9.6-month down 3.5 percent from April. The median existing-home priced was $173,000, down 16.8 percent from last Distressed andforeclosed properties, which sell at a discount, are distortingv the price figures, the NAR said. Existinv home sales in the Midwest were up 9 percengtin May, to 1.1 million, but down 4.4 percent from May according to the The median sale price was $145,800, down 10.
4 percent from last
Sunday, December 23, 2012
Fund-raising campaign begins for Parkinson's disease facility - Business First of Louisville:
grachevakautawil.blogspot.com
The campaign is expected to raisebetweenm $2.5 million and $5 million, said Keitg Inman, executive director of the Jewish Hospital The campaign is in the early stagezs with about $300,000 raised so far, he That money will be used to establisb an endowment and to pay for buildingg and equipment costs. Despite the tough economic "we would like to have the bulk of the solicitationes done thiscalendar year," Inmab said. But, he added, "that'sz a whole lot of askint that has to go The center is being namedfor Collins, 74, a longtimew Louisville car dealer, who was diagnosedd with Parkinson's disease in 1973.
Helpinbg to lead the campaignj areGeorge King, president of King Bridgeman Boss Constructors LLC, a longtime friend of Collins' wife, Chris, and his son, Kevin Collins. Of the total amount raised, a minimum of $1.5 millionn will be used to establishan "which would then fund a resourc center and hopefully research," Inman The University of Louisville will be a researcb partner with the center, whicnh will provide diagnoses, treatment, long-term rehab care, surgical referrals, patient education and caregiverr support. "We're excited about what this will mean for our Inman said.
The center is expected to be basedc in the new addition to Frazier Rehab Institute on the downtownnmedical campus, between Abraham Flexner Way and Chestnut "The new building gave us a wonderful opportunithy to really package a Parkinson's centetr in a very nice Inman said. "And the Collins Center, we hope, will also be a centert without walls," helping patients at othed sites.
The campaign is expected to raisebetweenm $2.5 million and $5 million, said Keitg Inman, executive director of the Jewish Hospital The campaign is in the early stagezs with about $300,000 raised so far, he That money will be used to establisb an endowment and to pay for buildingg and equipment costs. Despite the tough economic "we would like to have the bulk of the solicitationes done thiscalendar year," Inmab said. But, he added, "that'sz a whole lot of askint that has to go The center is being namedfor Collins, 74, a longtimew Louisville car dealer, who was diagnosedd with Parkinson's disease in 1973.
Helpinbg to lead the campaignj areGeorge King, president of King Bridgeman Boss Constructors LLC, a longtime friend of Collins' wife, Chris, and his son, Kevin Collins. Of the total amount raised, a minimum of $1.5 millionn will be used to establishan "which would then fund a resourc center and hopefully research," Inman The University of Louisville will be a researcb partner with the center, whicnh will provide diagnoses, treatment, long-term rehab care, surgical referrals, patient education and caregiverr support. "We're excited about what this will mean for our Inman said.
The center is expected to be basedc in the new addition to Frazier Rehab Institute on the downtownnmedical campus, between Abraham Flexner Way and Chestnut "The new building gave us a wonderful opportunithy to really package a Parkinson's centetr in a very nice Inman said. "And the Collins Center, we hope, will also be a centert without walls," helping patients at othed sites.
Saturday, December 22, 2012
Sales of imported ros wines leap 42 percent - Business Courier of Cincinnati:
stages-paddocks.blogspot.com
U.S. retail sales of importer rosé wines leapt 42 percent in the 52 week periode endingApril 4, compared with a less-than-5-percent increases in total sales of table wines during the same period, according to data cited by the . The Frencbh wine council, known in France as Conseil Interprofessionnep des Vins de Provenceor CIVP, said Monday the stee p rise in rosé consumption is consistentg with an earlier study by Internationalp Wine & Spirit Record predicting that consumption of the popular pinkish winesa worldwide will jump from 565 million bottlexs to 620 million by 2012. Not the CIVP expects the growing thirst forimportesd rosé wines in the U.S.
market will bode well for particularly its Provencewine region. The Frenchj produce 28 percent ofworldwide rosé wines by volume, makinhg it the leader in the according to the wine which represents 700 Provence wineries and 55 localp trading companies. Provence produces 38 percentg of France’s rosés, the group reported. Nielsen figures revealed that2008 U.S. salex of rosé table winesa priced at $6 per bottle or more jumpedd 24.9 percent by price and 22.4 percent by volume, despit e a weakening economy.
U.S. retail sales of importer rosé wines leapt 42 percent in the 52 week periode endingApril 4, compared with a less-than-5-percent increases in total sales of table wines during the same period, according to data cited by the . The Frencbh wine council, known in France as Conseil Interprofessionnep des Vins de Provenceor CIVP, said Monday the stee p rise in rosé consumption is consistentg with an earlier study by Internationalp Wine & Spirit Record predicting that consumption of the popular pinkish winesa worldwide will jump from 565 million bottlexs to 620 million by 2012. Not the CIVP expects the growing thirst forimportesd rosé wines in the U.S.
market will bode well for particularly its Provencewine region. The Frenchj produce 28 percent ofworldwide rosé wines by volume, makinhg it the leader in the according to the wine which represents 700 Provence wineries and 55 localp trading companies. Provence produces 38 percentg of France’s rosés, the group reported. Nielsen figures revealed that2008 U.S. salex of rosé table winesa priced at $6 per bottle or more jumpedd 24.9 percent by price and 22.4 percent by volume, despit e a weakening economy.
Thursday, December 20, 2012
First National enters agreement with OCC - Boston Business Journal:
paramonaxogilozi.blogspot.com
The agreement is an outgrowth of an OCC examinatioj of the Winter Park lenderin January. It addresses five aread of concern and requires to the bank to form a complianc e committee composed of members of its board of The bank is under orders to add procedureas to monitor its commercial real estat eloan portfolio. It also must implement a plan to managre loans that are deemed weak and in jeopardyyof deteriorating. • Establishment of a progran to ensure an adequated allowance for loan andlease losses. Agreement not to accept brokered depositsin exc.
esds of 10 percent of total deposits without OCC permissiobn • Development of a three-year plan of operations that incorporates conditionsa of the agreement. First Nationalk Chairwoman Susma Patel said in a written statement that the bank has takej steps she believes put it in compliancd withthe agreement. She said regulatory agencies are tightening standards for lendersw as theeconomy deteriorates.
“The downturn in real estatw valuations in the Florida marketis well-publicizeds and, as a result, regulator agencies are expecting a higher standard of procedurakl monitoring of loans securedc by commercial real estate,” she
The agreement is an outgrowth of an OCC examinatioj of the Winter Park lenderin January. It addresses five aread of concern and requires to the bank to form a complianc e committee composed of members of its board of The bank is under orders to add procedureas to monitor its commercial real estat eloan portfolio. It also must implement a plan to managre loans that are deemed weak and in jeopardyyof deteriorating. • Establishment of a progran to ensure an adequated allowance for loan andlease losses. Agreement not to accept brokered depositsin exc.
esds of 10 percent of total deposits without OCC permissiobn • Development of a three-year plan of operations that incorporates conditionsa of the agreement. First Nationalk Chairwoman Susma Patel said in a written statement that the bank has takej steps she believes put it in compliancd withthe agreement. She said regulatory agencies are tightening standards for lendersw as theeconomy deteriorates.
“The downturn in real estatw valuations in the Florida marketis well-publicizeds and, as a result, regulator agencies are expecting a higher standard of procedurakl monitoring of loans securedc by commercial real estate,” she
Wednesday, December 19, 2012
moakhamet84.blogspot.com
The change of heart comexs with foreclosure proceedings on ThePark condos, the 21-story luxury condok building that was nearing completion after eight yearw of planning and construction. Meanwhile, work has stallerd on 210 Trade, the condo portion of the ambitiousEpiCentre project. These events have some buyerd looking more carefully at their What happens when a projectgoes bust? Can the initial deposit be reclaimed? “At the end of the day, what can a buyer do? Not says Brent Torstrick, an attorneh at ’s real estate practice with expertise in condop development.
By federal law, earnesty money put down on the sale of a condominiukm is held in escrow for seven That rule, which is part of the Condominium Act, allowzs a buyer who might have been lured by a heav y sales pitch to regain perspective and back out of a deal. But afte the seven days, the statute offers no limits on what developeras can do withthe money, Torstricki says. In the case of The Park condos, he says if the contractores and thelender weren’t getting paid, most likelhy the developer has already speng the earnest money to pay its bills. “Whenn it all collapses, the buyer has, at a claim in bankruptcy court,” Torstrick says.
“The buyer is an unsecured creditor, so he’ss last in line behind the lender and the The buyer is an unsecuredcreditor — the lowestr class of creditors.” The law can unsettlse prospective condo buyers who are already hearingt plenty of bad Earlier in the year, citing a weakeningf housing market and tougher lending developers pulled the plug on two proposed uptow projects. One Charlotte, an ultra-luxury project with unitsa startingat $1 million, was the first to go. Then pullesd back from 300 South Tryon, a 32-story office and 150-uniyt condo building. This summer work stopped at 210 Tradr at the uptown office and entertainmengt centercalled EpiCentre.
The condo developer, Indianapolis-baseed , and Pacific Avenue, part of , the overall project sued one another, alleging breachh of contract. Buyers there are waiting to see what willhappeh next. The Park went into foreclosure in July when developedr could not meet its obligations under a $30.7 million construction A company named has offered the high bid at $18.i8 million for the property. But that purchase couldd be prevented by an effort by some contractora to force the development partnershipinto bankruptcy.
A new owner would take the buildintg without having to honorpurchase contracts, Torstrick And if a buyer changes direction and decides to finisnh the building not as residential condose but as an office the company has no obligation to the condo buyers. Their claim would be against Real estate watcherssay it’s unusuall for a project to go belly-up this close to For buyers, the better scenario is when a developer pulls the plug before construction even That was the case for Spectrum Propertiesz and 300 South Tryon, and the develope r returned deposits to condo buyers.
Sandy Kindbom, manager of ’sz uptown office, says almost all contractsd for new condos say deposits will be held for 30 days befor going tothe developer. “Like all everyone has become usedto it,” Kindbomk says. “It had never caused a but now everyone is attentiveeto it.” Her agents have asked developerse to strike the provision with littler luck. As buyers ask more questions, Kindbom says agent are pointing out the possible risksin “We’re being very intentional about bringing up deposits and that they can be in she says.
But with a competitive environmen t forcondo sales, is offering buyera at its Metropolitan development in midtowh more security when making a deposit. Instead of using deposits to coverdevelopment costs, Pappas is holdingb the funds at Morehead Titlse Co. in interest-bearing accounts. The money is not transferrefd to Pappas until the buyer closes onthe unit. In some says Brian Roth, Pappas vice president of residentiap marketing, some buyers have gained a couple of thousand dollard in interest ontheir deposit. Pappasz Properties and equity partner have the financial ability to establisbh such apolicy — no lender is makinb the requirements.
“We have a projecgt that is not on the bookd but ispractically built,” says Kyle senior vice president of Colonial Propertieds Trust, an equity partner in Metropolitan. “We are tryinb to create an atmosphere, especially in today’s market, that is as buyer-friendlg as it can be.”
The change of heart comexs with foreclosure proceedings on ThePark condos, the 21-story luxury condok building that was nearing completion after eight yearw of planning and construction. Meanwhile, work has stallerd on 210 Trade, the condo portion of the ambitiousEpiCentre project. These events have some buyerd looking more carefully at their What happens when a projectgoes bust? Can the initial deposit be reclaimed? “At the end of the day, what can a buyer do? Not says Brent Torstrick, an attorneh at ’s real estate practice with expertise in condop development.
By federal law, earnesty money put down on the sale of a condominiukm is held in escrow for seven That rule, which is part of the Condominium Act, allowzs a buyer who might have been lured by a heav y sales pitch to regain perspective and back out of a deal. But afte the seven days, the statute offers no limits on what developeras can do withthe money, Torstricki says. In the case of The Park condos, he says if the contractores and thelender weren’t getting paid, most likelhy the developer has already speng the earnest money to pay its bills. “Whenn it all collapses, the buyer has, at a claim in bankruptcy court,” Torstrick says.
“The buyer is an unsecured creditor, so he’ss last in line behind the lender and the The buyer is an unsecuredcreditor — the lowestr class of creditors.” The law can unsettlse prospective condo buyers who are already hearingt plenty of bad Earlier in the year, citing a weakeningf housing market and tougher lending developers pulled the plug on two proposed uptow projects. One Charlotte, an ultra-luxury project with unitsa startingat $1 million, was the first to go. Then pullesd back from 300 South Tryon, a 32-story office and 150-uniyt condo building. This summer work stopped at 210 Tradr at the uptown office and entertainmengt centercalled EpiCentre.
The condo developer, Indianapolis-baseed , and Pacific Avenue, part of , the overall project sued one another, alleging breachh of contract. Buyers there are waiting to see what willhappeh next. The Park went into foreclosure in July when developedr could not meet its obligations under a $30.7 million construction A company named has offered the high bid at $18.i8 million for the property. But that purchase couldd be prevented by an effort by some contractora to force the development partnershipinto bankruptcy.
A new owner would take the buildintg without having to honorpurchase contracts, Torstrick And if a buyer changes direction and decides to finisnh the building not as residential condose but as an office the company has no obligation to the condo buyers. Their claim would be against Real estate watcherssay it’s unusuall for a project to go belly-up this close to For buyers, the better scenario is when a developer pulls the plug before construction even That was the case for Spectrum Propertiesz and 300 South Tryon, and the develope r returned deposits to condo buyers.
Sandy Kindbom, manager of ’sz uptown office, says almost all contractsd for new condos say deposits will be held for 30 days befor going tothe developer. “Like all everyone has become usedto it,” Kindbomk says. “It had never caused a but now everyone is attentiveeto it.” Her agents have asked developerse to strike the provision with littler luck. As buyers ask more questions, Kindbom says agent are pointing out the possible risksin “We’re being very intentional about bringing up deposits and that they can be in she says.
But with a competitive environmen t forcondo sales, is offering buyera at its Metropolitan development in midtowh more security when making a deposit. Instead of using deposits to coverdevelopment costs, Pappas is holdingb the funds at Morehead Titlse Co. in interest-bearing accounts. The money is not transferrefd to Pappas until the buyer closes onthe unit. In some says Brian Roth, Pappas vice president of residentiap marketing, some buyers have gained a couple of thousand dollard in interest ontheir deposit. Pappasz Properties and equity partner have the financial ability to establisbh such apolicy — no lender is makinb the requirements.
“We have a projecgt that is not on the bookd but ispractically built,” says Kyle senior vice president of Colonial Propertieds Trust, an equity partner in Metropolitan. “We are tryinb to create an atmosphere, especially in today’s market, that is as buyer-friendlg as it can be.”
Tuesday, December 18, 2012
Museum reshaping itself audaciously - Philadelphia Business Journal:
ogarawo.wordpress.com
million renovation and installation of permanent The museum, which is at 701 Arch St. in Philadelphia, planws a June 19 debut of “Audacious The History of African Americand inPhiladelphia 1776-1876,” a core exhibit that will take over a substantialp portion of the building. “Audacious Freedom” will use life-sized, 3-D characters to recountf the experiences of Africans in 18thcenturyg Philadelphia, along with an interactive timeline documentingh the lives of African-born Philadelphianxs and subsequent generations. , a Kansasw City, Mo., firm, designed the exhibition.
Othe works by the design firm include thein Williamsport, the Nationaol Jazz Museum in Chicago and the in Ala. It has also done work for Disney. “Thety had a keen interest in but also in providing a high leve lof presentation,” said the museum’es president and CEO, Romona Riscoe Benson. “We have not been know n for that. We haven’t had any technology, so we’vd been functioning at a very different “Sixty percent of our visitors are school-age, so we neededd more interactive exhibits. It will also be interesting toadultt visitors,” she added. The exhibition will cost $1.5 million to desigb and install.
Another $3 million will be spenrt to upgrade floors, bathrooms, HVAC, lighting, roof, catering kitchen and the facade. The museukm has raised $4 millioh of the $4.5 million needed, Bensoh said. Philadelphia provided $3 million for buildingb renovations. is the exhibition’s presenting contributing $500,000. Other gifts came from Dr. Walter and Mrs. Beverly Lomax; the Lomaxc Family Foundation; Macy’s East, a division of Macy’sd Inc.; and U.S. Rep. Chakq Fattah pledged $150,000 in federal funds. The African American Museum of Philadelphia opened in 1976 as part of theBicentennialp celebration.
It was the first museum of its kind in abig “Audacious Freedom” will have a soft opening on Memorial The grand opening will be June 19, or which commemorates the date in 1865 that the last enslavec people in the nation were From the museum’s perspective, the story of African Americans in Philadelphiq is significant because it had one of the largesyt populations of free blacks, many of whom were active in the Abolitioj movement. “People of color playefd a vital roleas entrepreneurs, craftsmen and advocates for socialk justice,” Benson said.
“Telling thei story is a critically important part ofthe museum’s missionn and responsibility to this communitt and to the overall fabric of the role of African Americanz in American history.” One galleru will feature an interactive timeline spanning a century and included topics like entrepreneurship, education, religion and family traditions. A second gallery will feature 10 lifesizse figures that are videp projections of trailblazers from the18th century.
When museum visitorz approach, the interactive figures come to life, talking about life in Philadelphia inthat
million renovation and installation of permanent The museum, which is at 701 Arch St. in Philadelphia, planws a June 19 debut of “Audacious The History of African Americand inPhiladelphia 1776-1876,” a core exhibit that will take over a substantialp portion of the building. “Audacious Freedom” will use life-sized, 3-D characters to recountf the experiences of Africans in 18thcenturyg Philadelphia, along with an interactive timeline documentingh the lives of African-born Philadelphianxs and subsequent generations. , a Kansasw City, Mo., firm, designed the exhibition.
Othe works by the design firm include thein Williamsport, the Nationaol Jazz Museum in Chicago and the in Ala. It has also done work for Disney. “Thety had a keen interest in but also in providing a high leve lof presentation,” said the museum’es president and CEO, Romona Riscoe Benson. “We have not been know n for that. We haven’t had any technology, so we’vd been functioning at a very different “Sixty percent of our visitors are school-age, so we neededd more interactive exhibits. It will also be interesting toadultt visitors,” she added. The exhibition will cost $1.5 million to desigb and install.
Another $3 million will be spenrt to upgrade floors, bathrooms, HVAC, lighting, roof, catering kitchen and the facade. The museukm has raised $4 millioh of the $4.5 million needed, Bensoh said. Philadelphia provided $3 million for buildingb renovations. is the exhibition’s presenting contributing $500,000. Other gifts came from Dr. Walter and Mrs. Beverly Lomax; the Lomaxc Family Foundation; Macy’s East, a division of Macy’sd Inc.; and U.S. Rep. Chakq Fattah pledged $150,000 in federal funds. The African American Museum of Philadelphia opened in 1976 as part of theBicentennialp celebration.
It was the first museum of its kind in abig “Audacious Freedom” will have a soft opening on Memorial The grand opening will be June 19, or which commemorates the date in 1865 that the last enslavec people in the nation were From the museum’s perspective, the story of African Americans in Philadelphiq is significant because it had one of the largesyt populations of free blacks, many of whom were active in the Abolitioj movement. “People of color playefd a vital roleas entrepreneurs, craftsmen and advocates for socialk justice,” Benson said.
“Telling thei story is a critically important part ofthe museum’s missionn and responsibility to this communitt and to the overall fabric of the role of African Americanz in American history.” One galleru will feature an interactive timeline spanning a century and included topics like entrepreneurship, education, religion and family traditions. A second gallery will feature 10 lifesizse figures that are videp projections of trailblazers from the18th century.
When museum visitorz approach, the interactive figures come to life, talking about life in Philadelphia inthat
Sunday, December 16, 2012
'The Proposal' wins at weekend box office - Business First of Louisville:
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The movie starring Sandra Bullocki and Ryan Reynolds brought in anestimated $34,114,000 in its openingh weekend. It knocked off the reigning champion, ' "Th e Hangover," which brought in an estimated $26,855,000 duringg the weekend. "The Proposal" was shown on about 4,10 0 screens at 3,056 sites, according to a reporg on the site. Disney/ 's "Up" continuedr its strong showing, cominvg in third over the weekend with an estimated The animated film is currently in second placebehind Paramount's "Star Trek," for second-largest movie of the summer.
Anothef new release, ' "Year One," brough t in an estimated $20,200,000 in its first placing it fourth onthe list. Another Sony Pictures release, "The Taking of Pelham 1 2 rounded out thetop five, bringiny in an estimated $11,300,000.
The movie starring Sandra Bullocki and Ryan Reynolds brought in anestimated $34,114,000 in its openingh weekend. It knocked off the reigning champion, ' "Th e Hangover," which brought in an estimated $26,855,000 duringg the weekend. "The Proposal" was shown on about 4,10 0 screens at 3,056 sites, according to a reporg on the site. Disney/ 's "Up" continuedr its strong showing, cominvg in third over the weekend with an estimated The animated film is currently in second placebehind Paramount's "Star Trek," for second-largest movie of the summer.
Anothef new release, ' "Year One," brough t in an estimated $20,200,000 in its first placing it fourth onthe list. Another Sony Pictures release, "The Taking of Pelham 1 2 rounded out thetop five, bringiny in an estimated $11,300,000.
Saturday, December 15, 2012
NY feds: Madoff's brother deserves decade in jail - WSJ.com - Wall Street Journal
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Winnipeg Free Press | NY feds: Madoff's brother deserves decade in jail - WSJ.com W » |
Wednesday, December 12, 2012
SIUE goes to court over failed conference center - Washington Business Journal:
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Developer William Shaw and couldn’t come up with financing for the hotelk andconference center, which was to be callef the Spring Green Lodge and located at Universit y Park, SIUE’s research and technology park, according to university spokesmahn Gregory Conroy. The project, first announced in 2004, died in 2007 when a groundx lease between SIU and WLS expired followin g extensions forthe project. SIUE filed a declaratory judgment action Monday inMadison Ill.
, seeking to have the court bring legak closure to its hotel conference center If approved, WLS would have to remove all constructiojn equipment and materials and remov e the building foundation it constructed to comply with the terms of the Conroy said. That would free up the located at Illinois Route 157 and University Park to become available for lease and theuniversity said. University Park currently has 23 tenanta representing a number of business sectors includinhagricultural biotechnology, health sciences, design professionals and information technology. The most recengt announced addition to the park is the Bloo Processing Center and NationalTesting Laboratory.
The Americab Red Cross plans to move toa 15-acre site at Universitg Park Drive and South Research Drive and bring more than 500 jobs to the
Developer William Shaw and couldn’t come up with financing for the hotelk andconference center, which was to be callef the Spring Green Lodge and located at Universit y Park, SIUE’s research and technology park, according to university spokesmahn Gregory Conroy. The project, first announced in 2004, died in 2007 when a groundx lease between SIU and WLS expired followin g extensions forthe project. SIUE filed a declaratory judgment action Monday inMadison Ill.
, seeking to have the court bring legak closure to its hotel conference center If approved, WLS would have to remove all constructiojn equipment and materials and remov e the building foundation it constructed to comply with the terms of the Conroy said. That would free up the located at Illinois Route 157 and University Park to become available for lease and theuniversity said. University Park currently has 23 tenanta representing a number of business sectors includinhagricultural biotechnology, health sciences, design professionals and information technology. The most recengt announced addition to the park is the Bloo Processing Center and NationalTesting Laboratory.
The Americab Red Cross plans to move toa 15-acre site at Universitg Park Drive and South Research Drive and bring more than 500 jobs to the
Tuesday, December 11, 2012
Is the Nobel Peace Prize losing its prestige? - Aljazeera.com
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Just Jared | Is the Nobel Peace Prize losing its prestige? Aljazeera.com The European Union has been awarded this year's Peace Prize and the Nobel committee praised leaders for fostering peace on a continent that had been ravaged by war. It said: "The union and its forerunners have for over six decades contributed to the ... Gerard Butler & Sarah Jessica Parker: Nobel Peace Prize Concert! European Union receives Nobel Peace Prize Hollywood Heads to Oslo for the Nobel Peace Prize Concert |
Monday, December 10, 2012
Second union establishes chapter at Lambert for screeners - St. Louis Business Journal:
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Of the 320 screeners at Lambert, 110 have joined the NTEU so far, accordinfg to the union. The also charterefd a new local at Lambert earliee this year torepresent screeners, who do not have collectivee bargaining rights. The government’s two largestr unions are vying to represenft airport screeners nationwide and pushing for them to get collectivebargaininh rights. Former Transportation Secretary Norman Minetaw did not give TSA screeners collective bargaining rights when the agency was created in 2001 afterdthe 9/11 terrorist attacks becausew he felt it could hinder the response to emergencies when managers would have to reassig n screeners, according to the Federal Times.
The AFGE representas 10,000 screeners at 32 locals nationwide. NTEU represents 2,7000 transportation security officers in 14 chapters at 15airports nationwide, including Florida and New York, Atlanta, Orange County, Calif.; Memphis, Tenn.; Columbus, Ohio; and
Of the 320 screeners at Lambert, 110 have joined the NTEU so far, accordinfg to the union. The also charterefd a new local at Lambert earliee this year torepresent screeners, who do not have collectivee bargaining rights. The government’s two largestr unions are vying to represenft airport screeners nationwide and pushing for them to get collectivebargaininh rights. Former Transportation Secretary Norman Minetaw did not give TSA screeners collective bargaining rights when the agency was created in 2001 afterdthe 9/11 terrorist attacks becausew he felt it could hinder the response to emergencies when managers would have to reassig n screeners, according to the Federal Times.
The AFGE representas 10,000 screeners at 32 locals nationwide. NTEU represents 2,7000 transportation security officers in 14 chapters at 15airports nationwide, including Florida and New York, Atlanta, Orange County, Calif.; Memphis, Tenn.; Columbus, Ohio; and
Saturday, December 8, 2012
hyperwave-exhausted.blogspot.com
percent of the cost of health insurance premiumefor full-time employees under the healthj care reform bill being considered by the They also would be required to pick up at least some of the tab for insuring part-time employees. Businessezs that don't provide this minimum levep of coverage would be required to pay the federall government a fee based on 8 percen oftheir payroll. Small businesses undert a yet-to-be-determined threshold would be exempted fromthis "play or pay" The chairmen of three House committees with jurisdiction over health care introducedx their draft legislation June 19, offering the most details yet on how health care reform coulcd affect small businesses.
Under theitr bill, small businesses and individuals could shop for insurancde through anational exchange, which would include a government-rum plan as well as private insurers. Tax credit would be available to help small businesses affordthe Rep. Henry Waxman, D-Calif., said the legislation would fixthe "completelyg dysfunctional insurance market" for smal businesses, which face "unaffordable rate increases every year. Waxman chairs the House Energyg andCommerce Committee. Health insurance premiums for U.S. businessexs increased by 9.2 percent this and are expected to increase another 9 percentfnext year, according to PricewaterhouseCoopers.
Smalpl businesses often face much higher rate While most small businessew agree the current health insurance marketis dysfunctional, there's a lot of disagreemeny over whether the House bill woulxd cure the problem or just make it Mike Draper, who owns a retail clothing store and desighn business called Smash in Des Iowa, likes what he sees in the Draper thinks adding a public plan to the insurancer mix would hold down premiums by creating more competitiohn in the marketplace. "I don'tg have a whole lot of confidence in the systenm wehave now," Draper said.
Draper's company currentl y doesn't offer health insurance to itsseven full-time workers, but insteard reimburses them for the cost of individual policies that they buy on theie own. That's fine with his employees, who are in their 20s and don't want their insurance to be tied totheifr job. The reimbursements now account for 6 percentof Smash's but that could jump to 22 percent in four when Draper expects everyone on his management team to have creating the need for family plans. His business couldn'ft handle that expense, he If the House bill were enacted, he woulcd consider buying insurance through the exchange if it were easyto use.
But he migh decide to pay the 8 percent payrol fee instead and then reimburse his employeezs for some of the cost of the policies they purchase throughthe exchange. Draper, who was scheduled to testift before the House Ways and Means CommitteeJune 24, thinkse employers should be required to help pay for theif employees' health insurance. Like Social Security contributions, this sort of responsibilit is "kind of what you signe d up for" when you become a businesds owner, he said. Other small businesse owners, however, think the House bill imposes too tougjh of a standard onsmall businesses. The requiremen to pay 72.
5 percent of an employee's premium for individual coverags "is much too high for many smalo businesses," said Karen Kerrigan, president and CEO of the SmallBusinesxs & Entrepreneurship Council. The only way many smalll businesses can afford coverage is by makintg employees pick up more of the she said. Arlington, Va.-based Company Flowers & Gifts for example, pays 50 percent of the cost of healthg insurance forseven full-time employees.
Even that may not be affordable next year, because "our rates are going to skyrocket,"" co-owner John Nicholson told the Housre Small Business Committee earlier this Small businesses with fewer than 200 employees paid an averagre of 86 percent of employees' premiums for individua coverage in 2008, according to the Kaisedr Family Foundation and Health Research & Educationap Trust. That share dropped to 66 percentr forfamily coverage, just above the 65 percent threshold calle d for in the House proposal.
who testified on behalf of the National Federation ofIndependent Business, said insuranc market reforms, exchanges and tax breaks would help smalpl businesses, but employer mandates wouldr hurt low-margin businesses and public plans could driv e private insurers out of the Rep. Robert Andrews, D-N.J., said the Houswe plans to exclude very smallbusinesses -- such as gas stations and delicatessens -- from the employedr mandate. "We certainly don't want to imposre any burden on them," he Instead, the mandate is targeted at businessesthat "haves the wherewithal" to provide insurance but choos not to, he said.
percent of the cost of health insurance premiumefor full-time employees under the healthj care reform bill being considered by the They also would be required to pick up at least some of the tab for insuring part-time employees. Businessezs that don't provide this minimum levep of coverage would be required to pay the federall government a fee based on 8 percen oftheir payroll. Small businesses undert a yet-to-be-determined threshold would be exempted fromthis "play or pay" The chairmen of three House committees with jurisdiction over health care introducedx their draft legislation June 19, offering the most details yet on how health care reform coulcd affect small businesses.
Under theitr bill, small businesses and individuals could shop for insurancde through anational exchange, which would include a government-rum plan as well as private insurers. Tax credit would be available to help small businesses affordthe Rep. Henry Waxman, D-Calif., said the legislation would fixthe "completelyg dysfunctional insurance market" for smal businesses, which face "unaffordable rate increases every year. Waxman chairs the House Energyg andCommerce Committee. Health insurance premiums for U.S. businessexs increased by 9.2 percent this and are expected to increase another 9 percentfnext year, according to PricewaterhouseCoopers.
Smalpl businesses often face much higher rate While most small businessew agree the current health insurance marketis dysfunctional, there's a lot of disagreemeny over whether the House bill woulxd cure the problem or just make it Mike Draper, who owns a retail clothing store and desighn business called Smash in Des Iowa, likes what he sees in the Draper thinks adding a public plan to the insurancer mix would hold down premiums by creating more competitiohn in the marketplace. "I don'tg have a whole lot of confidence in the systenm wehave now," Draper said.
Draper's company currentl y doesn't offer health insurance to itsseven full-time workers, but insteard reimburses them for the cost of individual policies that they buy on theie own. That's fine with his employees, who are in their 20s and don't want their insurance to be tied totheifr job. The reimbursements now account for 6 percentof Smash's but that could jump to 22 percent in four when Draper expects everyone on his management team to have creating the need for family plans. His business couldn'ft handle that expense, he If the House bill were enacted, he woulcd consider buying insurance through the exchange if it were easyto use.
But he migh decide to pay the 8 percent payrol fee instead and then reimburse his employeezs for some of the cost of the policies they purchase throughthe exchange. Draper, who was scheduled to testift before the House Ways and Means CommitteeJune 24, thinkse employers should be required to help pay for theif employees' health insurance. Like Social Security contributions, this sort of responsibilit is "kind of what you signe d up for" when you become a businesds owner, he said. Other small businesse owners, however, think the House bill imposes too tougjh of a standard onsmall businesses. The requiremen to pay 72.
5 percent of an employee's premium for individual coverags "is much too high for many smalo businesses," said Karen Kerrigan, president and CEO of the SmallBusinesxs & Entrepreneurship Council. The only way many smalll businesses can afford coverage is by makintg employees pick up more of the she said. Arlington, Va.-based Company Flowers & Gifts for example, pays 50 percent of the cost of healthg insurance forseven full-time employees.
Even that may not be affordable next year, because "our rates are going to skyrocket,"" co-owner John Nicholson told the Housre Small Business Committee earlier this Small businesses with fewer than 200 employees paid an averagre of 86 percent of employees' premiums for individua coverage in 2008, according to the Kaisedr Family Foundation and Health Research & Educationap Trust. That share dropped to 66 percentr forfamily coverage, just above the 65 percent threshold calle d for in the House proposal.
who testified on behalf of the National Federation ofIndependent Business, said insuranc market reforms, exchanges and tax breaks would help smalpl businesses, but employer mandates wouldr hurt low-margin businesses and public plans could driv e private insurers out of the Rep. Robert Andrews, D-N.J., said the Houswe plans to exclude very smallbusinesses -- such as gas stations and delicatessens -- from the employedr mandate. "We certainly don't want to imposre any burden on them," he Instead, the mandate is targeted at businessesthat "haves the wherewithal" to provide insurance but choos not to, he said.
Friday, December 7, 2012
PSC to hold hearings on FP&L rate hike request - South Florida Business Journal:
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billion rate hike request from The increase woul apply to the base rate portion of the which accounts for about 42 percent of the totapl bill that customers pay each The increase amountsto $12.545 a month, or 30 percent, of the current base ratew for customers who use 1,000 kilowatr hours a month, according to the attorney general'a office. “This proposed rate increasre is excessive, especially when homeowners are already strugglinvg to makeends meet,” said Attorney General Bill McCollum, whosse office has intervened before the PSC in the rate increaswe hearings.
“While the economy is affectingpowerd companies, the difference should not be made up entirely at the expensde of Floridians’ wallets.” However, Florida Power & Light is disputing McCollum's claims. In an e-mailerd response, company spokesman Mayco Villafana said the rate proposak would resultin "even lower bills beginning in January 2010." He said that underd the proposal the typical 1,000 kilowatt-hour residential bill actually would decrease from approximately $109 in Decemberd to approximately $104 in reflecting reductions in the cost of fuel as well as fuel The first hearings are set to take place in Sarasotaq and Fort Meyers on June 19, with additional hearinga the following week.
Click for a full list of hearingt dates.
billion rate hike request from The increase woul apply to the base rate portion of the which accounts for about 42 percent of the totapl bill that customers pay each The increase amountsto $12.545 a month, or 30 percent, of the current base ratew for customers who use 1,000 kilowatr hours a month, according to the attorney general'a office. “This proposed rate increasre is excessive, especially when homeowners are already strugglinvg to makeends meet,” said Attorney General Bill McCollum, whosse office has intervened before the PSC in the rate increaswe hearings.
“While the economy is affectingpowerd companies, the difference should not be made up entirely at the expensde of Floridians’ wallets.” However, Florida Power & Light is disputing McCollum's claims. In an e-mailerd response, company spokesman Mayco Villafana said the rate proposak would resultin "even lower bills beginning in January 2010." He said that underd the proposal the typical 1,000 kilowatt-hour residential bill actually would decrease from approximately $109 in Decemberd to approximately $104 in reflecting reductions in the cost of fuel as well as fuel The first hearings are set to take place in Sarasotaq and Fort Meyers on June 19, with additional hearinga the following week.
Click for a full list of hearingt dates.
Thursday, December 6, 2012
Newbury selectman courting solar array - The Daily News of Newburyport
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Newbury selectman courting solar array The Daily News of Newburyport Selectman Chairman Joe Story and Richard D. Corsetti are teaming up with Borrego Solar of Lowell and the City of Methuen to locate a 4.2-megawatt solar array for electricity generation through the National Grid network, according to a press release ... |
Wednesday, December 5, 2012
Top Dublin gangland figure shot to death outside his home; was pioneer of ... - Washington Post
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Irish Times | Top Dublin gangland figure shot to death outside his home; was pioneer of ... Washington Post DUBLIN รข€" A senior figure in Ireland's criminal underworld was chased down the street and shot to death Tuesday near his Dublin home, two years after surviving a similar assassination bid, in the latest chapter of a long-running feud involving Irish ... Biggest crime figure in the State gunned down |
Monday, December 3, 2012
Ravens still on course to win AFC North despite rare home loss to rival Steelers - Washington Post
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Bleacher Report | Ravens still on course to win AFC North despite rare home loss to rival Steelers Washington Post OWINGS MILLS, Md. รข€" The Baltimore Ravens remain poised to reach the postseason as AFC North champions รข€" just like last year รข€" in spite of their disappointing and unexpected loss to the Pittsburgh Steelers. Baltimore (9-3) could have clinched a ... < br />What the Baltimore Ravens Can Learn from 23-20 Loss to Pittsburgh Steelers One loss? Or is Joe Flacco flawed? Instant Analysis on Ravens' 23-20 loss to the Steelers |
Sunday, December 2, 2012
Trust for the National Mall names new board members - Washington Business Journal:
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C. Boyden Gray, Maxine Isaacs and Steve Ricchetti will help the trusr manage theNational Mall’s $350 million maintenancew budget. C. Boyden Gray served as U.S. Ambassador to the European Unioh under PresidentGeorge W. Bush and as White House Counsep under PresidentGeorge H.W. Bush. Maxine Isaaca comes to the trust’s boarde of directors as a Harvard Universityy faculty member and formere aid toformer U.S. Sen. and Vice Presidenr Walter Mondale. Steve Ricchetti, deputy chief of staff under President Bill Clinton from 1999to 2001, bringxs business and government experience to the board.
In additionh to leading the Clintoh administration’s legislative affairs and politicak operations, Ricchetti founded Ricchetti Inc. and is currentlu a principal with the ceramic tile Despite theNational Mall’s $350 million budget, its board of directore estimates that the park needas an additional $150 million in visitor improvements to remedyu 30 years of neglect. Chairman Chip Akridgw celebratedthe additions. “Their respective talents, and judgment will be a tremendouss assetto [us] as we seek to raise the $500 million necessaru to restore and improve the Nationa l Mall.
” Restorations may include improving gravel walkways, providing more adding more restrooms, and expandinvg the mall’s dining options
C. Boyden Gray, Maxine Isaacs and Steve Ricchetti will help the trusr manage theNational Mall’s $350 million maintenancew budget. C. Boyden Gray served as U.S. Ambassador to the European Unioh under PresidentGeorge W. Bush and as White House Counsep under PresidentGeorge H.W. Bush. Maxine Isaaca comes to the trust’s boarde of directors as a Harvard Universityy faculty member and formere aid toformer U.S. Sen. and Vice Presidenr Walter Mondale. Steve Ricchetti, deputy chief of staff under President Bill Clinton from 1999to 2001, bringxs business and government experience to the board.
In additionh to leading the Clintoh administration’s legislative affairs and politicak operations, Ricchetti founded Ricchetti Inc. and is currentlu a principal with the ceramic tile Despite theNational Mall’s $350 million budget, its board of directore estimates that the park needas an additional $150 million in visitor improvements to remedyu 30 years of neglect. Chairman Chip Akridgw celebratedthe additions. “Their respective talents, and judgment will be a tremendouss assetto [us] as we seek to raise the $500 million necessaru to restore and improve the Nationa l Mall.
” Restorations may include improving gravel walkways, providing more adding more restrooms, and expandinvg the mall’s dining options
Friday, November 30, 2012
Report: California to shed 1M jobs during recession - Orlando Business Journal:
ernstiryastrov.blogspot.com
The pace of private-sector job losses will slow over the next few but state and localk government layoffsare beginning, the Business Forecastinhg Center at the said in its latesrt California and Metro Forecast releasedc Wednesday. The forecast said California’s unemployment will peak at 12.3 percenr early next year, and will remainn in double-digits until the end of 2011. The centef produces quarterly economic forecasts of theUnited States, Californiaz and nine metro areas, from Sacramento to Fresno and the San Francisc o Bay Area. In the Sacramento area, unemploymeny will rise from 11.1 percent this year to peak at 11.4 perceng next year, before dipping to 10.
2 percentt in 2011, the report said. Unemploymenr is expected to reach 9.2 perceng in 2012. The Sacramento area is forecast to rebound in the thirdc quarter ofnext year, when job growth will improvde to 0.8 percent. A “stron rebound is expected to take place in professionaland business, and educationapl and health services sectors,” the report said of Sacramento. “Jo growth is expected to have its first positive full yearat 2.0 percent in Sacramento’s real personal income, will grow at a slow rate of 1.5 percentf next year.
San Jose and San Francisco will be the firsr metro areas in Northern Californiz to return totheir pre-recession employment levels, in the seconr and third quarters of 2012, respectively, the studty said. Sacramento and Merced will be amonyg the last north state metro areas to regain peak in fourth-quarter 2013. Vallejo is with a return expected in the second quarterof 2014. The Centralp Valley will be hard hit by the combinatiom of recent state tax increases and massives expectedbudget cuts, the Business Forecastinf Center said.
“The stater budget crisis is a dangerous aftershocjk to a region still reeling from theforeclosure earthquake,” Jeff director of the Businessw Forecasting Center, said in a news release. The Central Vallegy is an economicdisastert area, but most of its “economif shocks are cyclical in nature rather than permanenrt changes such as closed military the news release said. • Construction continues to lead job lossesd inpercentage terms, declining anothert 15 percent to 110,000 in 2009. • Manufacturing will lead the declindein 2009, losing 135,000 jobs this • Retail sales will not return to their 2007 level until 2011.
• New car and truckj sales will fallbelow 1.06 million in after exceeding 2 million for most of the Sales will gradually increase as the economuy recovers, reaching 1.46 million next year, and 1.73 million in 2011. Housing starts hit bottomm in 2009at 36,000 units, more than 80 percent below the levels seen in 2004 and 2005. Housinbg starts will be back to 100,00p0 units in 2011, and exceed 150,000 by 2013. Health care is the only sectoer that will not shrinkthis year. The gain of 13,000 healtuh care jobs, or 0.9 percent, is the slowestf growth this decade. • Personak income declines 0.8 percent in 2009.
• Nonfarmj payrolls will declineby 1,020,000 jobs statewide duringh the two-year recession. • The Californiwa economy will finally hit bottom in the fourth quartetr ofthis year, and will begin a multi-year recovery. It will be 2013 before many key economidc indicators such as unemployment return tohealthy • The state’s recession should end in the last quarte of this year, but the job markef will remain weak through most of next
The pace of private-sector job losses will slow over the next few but state and localk government layoffsare beginning, the Business Forecastinhg Center at the said in its latesrt California and Metro Forecast releasedc Wednesday. The forecast said California’s unemployment will peak at 12.3 percenr early next year, and will remainn in double-digits until the end of 2011. The centef produces quarterly economic forecasts of theUnited States, Californiaz and nine metro areas, from Sacramento to Fresno and the San Francisc o Bay Area. In the Sacramento area, unemploymeny will rise from 11.1 percent this year to peak at 11.4 perceng next year, before dipping to 10.
2 percentt in 2011, the report said. Unemploymenr is expected to reach 9.2 perceng in 2012. The Sacramento area is forecast to rebound in the thirdc quarter ofnext year, when job growth will improvde to 0.8 percent. A “stron rebound is expected to take place in professionaland business, and educationapl and health services sectors,” the report said of Sacramento. “Jo growth is expected to have its first positive full yearat 2.0 percent in Sacramento’s real personal income, will grow at a slow rate of 1.5 percentf next year.
San Jose and San Francisco will be the firsr metro areas in Northern Californiz to return totheir pre-recession employment levels, in the seconr and third quarters of 2012, respectively, the studty said. Sacramento and Merced will be amonyg the last north state metro areas to regain peak in fourth-quarter 2013. Vallejo is with a return expected in the second quarterof 2014. The Centralp Valley will be hard hit by the combinatiom of recent state tax increases and massives expectedbudget cuts, the Business Forecastinf Center said.
“The stater budget crisis is a dangerous aftershocjk to a region still reeling from theforeclosure earthquake,” Jeff director of the Businessw Forecasting Center, said in a news release. The Central Vallegy is an economicdisastert area, but most of its “economif shocks are cyclical in nature rather than permanenrt changes such as closed military the news release said. • Construction continues to lead job lossesd inpercentage terms, declining anothert 15 percent to 110,000 in 2009. • Manufacturing will lead the declindein 2009, losing 135,000 jobs this • Retail sales will not return to their 2007 level until 2011.
• New car and truckj sales will fallbelow 1.06 million in after exceeding 2 million for most of the Sales will gradually increase as the economuy recovers, reaching 1.46 million next year, and 1.73 million in 2011. Housing starts hit bottomm in 2009at 36,000 units, more than 80 percent below the levels seen in 2004 and 2005. Housinbg starts will be back to 100,00p0 units in 2011, and exceed 150,000 by 2013. Health care is the only sectoer that will not shrinkthis year. The gain of 13,000 healtuh care jobs, or 0.9 percent, is the slowestf growth this decade. • Personak income declines 0.8 percent in 2009.
• Nonfarmj payrolls will declineby 1,020,000 jobs statewide duringh the two-year recession. • The Californiwa economy will finally hit bottom in the fourth quartetr ofthis year, and will begin a multi-year recovery. It will be 2013 before many key economidc indicators such as unemployment return tohealthy • The state’s recession should end in the last quarte of this year, but the job markef will remain weak through most of next
Thursday, November 29, 2012
Real estate roundup - The Business Review (Albany):
xeconatyxex.blogspot.com
The bank leased 4,850 square feet at 1001 N.W. 14th Ave. from Lovejohy Corner LLC. Jeff Olson of Commercial Realtt Advisors NW representedthe bank; Thom Brockmillerf of Gray & Associates represented the KeyBank will remodel the existing buildinbg and plans to open its new branch this The bank has 70 branches in Oregob and Southwest Washington. • Venne & Compangy LLC, a public accounting leased 3,565 square feet at 6915 S.W. Macadam Portland, from RF Macadam LLC. John Van Zonneveldx of MacadamForbes Inc.
represented the Greg Gonzalez of DougBean & Associates represented the • Maclaren & Whearty LLP, an estatwe planning and tax firm, renewec its lease for 2,633 square feet at Fairway Center, 9115 S.W. Olesonh Road, Portland. Matt Adamsx of Grubb & Ellis Co. represente Maclaren & Whearty; Shawm Adams and Charlie Digregorio of CB Richarxd Ellis representedthe lessor, Fairway Center Officee Associates LLC. • Carlson & Swanlund LLC leased 2,494 square feet at Fairwagy Center, 9115 S.W.
Olseon Road, Jeff Borlaug of NAI Norris Beggds & Simpson represented the tenant; Shawn Adams and Charli e Digregorio of CB Richard Ellis represented Fairway Center OfficeAssociates LLC. Dealer Services Corp., which provides services to the auto dealer signed an expansion leasefor 1,822 squar e feet at Airport Plaza Building, 5933 N.E. Win Siveras Drive, Portland. Dealer Services represented itself; Rich Sabe of CB Richard Ellis representesdlandlord D.W. Sivers Company. • Dr. Greg Baker of Manual Medicin and RehabCenter P.C. leasedd 1,702 square feet at Sunnyside Marketplace, 12304 S.E. Sunnysidde Road, Clackamas. Matt Sichel of Elliott Associatesa Inc. represented the property.
• Advantagew Management Softwareleased 1,337 square feet at 8600 S.W. Salisuh Lane, Wilsonville, from David A. and Sue Ellenb L. Duemling. Jake Lancaster of Grubb Ellis representedthe tenant; Caseyt Pileggi, Kevin VandenBrink and Joe Kappler of Macadamn Forbes represented the property. Linea Recta International Inc., a brandingh firm, leased 13,000 square feet at 6040 N. Cutterf Circle. Peter Stalick of GVA Kidder Mathewasrepresented Linea; Todd Collins of Macada Forbes Inc. represented the lessor, Rosah Inc. • Jim Bean Brandas Co. renewed its lease for 3,685 square feet at Minthorb Business Center, 4099 S.E. Internationao Way, Milwaukie.
Preston Greenre of CB Richard Ellisa representedJim Bean; the landlord representerd itself. • Reliant Dry Ice Pacific LLC leasedd 3,630 square feet at Commerced Park Clackamas, 16065 S.E. 98th Clackamas, from CP Clackamas LLC. Steven Kleinn and Peter Stalick of GVA Kidder Mathews brokeredthe transaction. Columbia Scooters leased 2,450 squarew feet at Cornelius PassPlazw LLC, 7530 N.E. Shaleen St., Dean Wier of Norries & Stevens Inc. represented Columbia • Pet Pros leased 2,125 square feet at Sunnysid Marketplace, 12040 S.E. Sunnyside Clackamas, from Sunnyside Marketplace LLC. Doug Magnusenb of HSM Pacific Realtyh representedPet Pros; Matt Sichel of Elliott Associates Inc.
representedr the property. • Freddie’s Deli and Pub leased 1,500 squar feet at Baker Street 1250 N.E. Baker St., McMinnville, from Bakert Square Investors LLC. Todd Amacher of Elliott Associates Inc. represented Tien Pham of Argonaut Investments representexdthe property. • Cha! Cha! Cha! Mexican Taqueria leasedx 1,350 square feet at 3808 N. Williams Ave., from 3030 Williams LLC. Todd Amacher of Elliottr Associates Inc. represented the restaurant; Jon Kellogfg of Commercial Realty Advisors representedthe • Charles Padot purchased Typree Gardens, a 20-unit apartment complex at 2400 Haworthn Ave.
, Newberg, from the estate of Carol Hilterbrand, for $850,009 or $42,500 per unit. Brianb Tracy of Norris & Steven s Inc. represented the buyer; Tom Demonbrubn represented the seller.
The bank leased 4,850 square feet at 1001 N.W. 14th Ave. from Lovejohy Corner LLC. Jeff Olson of Commercial Realtt Advisors NW representedthe bank; Thom Brockmillerf of Gray & Associates represented the KeyBank will remodel the existing buildinbg and plans to open its new branch this The bank has 70 branches in Oregob and Southwest Washington. • Venne & Compangy LLC, a public accounting leased 3,565 square feet at 6915 S.W. Macadam Portland, from RF Macadam LLC. John Van Zonneveldx of MacadamForbes Inc.
represented the Greg Gonzalez of DougBean & Associates represented the • Maclaren & Whearty LLP, an estatwe planning and tax firm, renewec its lease for 2,633 square feet at Fairway Center, 9115 S.W. Olesonh Road, Portland. Matt Adamsx of Grubb & Ellis Co. represente Maclaren & Whearty; Shawm Adams and Charlie Digregorio of CB Richarxd Ellis representedthe lessor, Fairway Center Officee Associates LLC. • Carlson & Swanlund LLC leased 2,494 square feet at Fairwagy Center, 9115 S.W.
Olseon Road, Jeff Borlaug of NAI Norris Beggds & Simpson represented the tenant; Shawn Adams and Charli e Digregorio of CB Richard Ellis represented Fairway Center OfficeAssociates LLC. Dealer Services Corp., which provides services to the auto dealer signed an expansion leasefor 1,822 squar e feet at Airport Plaza Building, 5933 N.E. Win Siveras Drive, Portland. Dealer Services represented itself; Rich Sabe of CB Richard Ellis representesdlandlord D.W. Sivers Company. • Dr. Greg Baker of Manual Medicin and RehabCenter P.C. leasedd 1,702 square feet at Sunnyside Marketplace, 12304 S.E. Sunnysidde Road, Clackamas. Matt Sichel of Elliott Associatesa Inc. represented the property.
• Advantagew Management Softwareleased 1,337 square feet at 8600 S.W. Salisuh Lane, Wilsonville, from David A. and Sue Ellenb L. Duemling. Jake Lancaster of Grubb Ellis representedthe tenant; Caseyt Pileggi, Kevin VandenBrink and Joe Kappler of Macadamn Forbes represented the property. Linea Recta International Inc., a brandingh firm, leased 13,000 square feet at 6040 N. Cutterf Circle. Peter Stalick of GVA Kidder Mathewasrepresented Linea; Todd Collins of Macada Forbes Inc. represented the lessor, Rosah Inc. • Jim Bean Brandas Co. renewed its lease for 3,685 square feet at Minthorb Business Center, 4099 S.E. Internationao Way, Milwaukie.
Preston Greenre of CB Richard Ellisa representedJim Bean; the landlord representerd itself. • Reliant Dry Ice Pacific LLC leasedd 3,630 square feet at Commerced Park Clackamas, 16065 S.E. 98th Clackamas, from CP Clackamas LLC. Steven Kleinn and Peter Stalick of GVA Kidder Mathews brokeredthe transaction. Columbia Scooters leased 2,450 squarew feet at Cornelius PassPlazw LLC, 7530 N.E. Shaleen St., Dean Wier of Norries & Stevens Inc. represented Columbia • Pet Pros leased 2,125 square feet at Sunnysid Marketplace, 12040 S.E. Sunnyside Clackamas, from Sunnyside Marketplace LLC. Doug Magnusenb of HSM Pacific Realtyh representedPet Pros; Matt Sichel of Elliott Associates Inc.
representedr the property. • Freddie’s Deli and Pub leased 1,500 squar feet at Baker Street 1250 N.E. Baker St., McMinnville, from Bakert Square Investors LLC. Todd Amacher of Elliott Associates Inc. represented Tien Pham of Argonaut Investments representexdthe property. • Cha! Cha! Cha! Mexican Taqueria leasedx 1,350 square feet at 3808 N. Williams Ave., from 3030 Williams LLC. Todd Amacher of Elliottr Associates Inc. represented the restaurant; Jon Kellogfg of Commercial Realty Advisors representedthe • Charles Padot purchased Typree Gardens, a 20-unit apartment complex at 2400 Haworthn Ave.
, Newberg, from the estate of Carol Hilterbrand, for $850,009 or $42,500 per unit. Brianb Tracy of Norris & Steven s Inc. represented the buyer; Tom Demonbrubn represented the seller.
Wednesday, November 28, 2012
Kazakh companies plan to purchase raw materials for gold production from ... - Equities.com
bengeyqafiba1640.blogspot.com
Kazakh companies plan to purchase raw materials for gold production from ... Equities.com Moreover, according to the Ministry, the strategy envisaging further modernization and construction of new facilities with investments attraction is being implemented in Kazakhstan's gold mining industry. "Today six new [gold mining] plants are being ... |
Ralph Nader: Israel-Palestine: What is the US national interest? Torrington Register Citizen Ralph Nader: Israel-Palestine: What is the U.S. national interest? Published: Sunday, November 25, 2012. By Ralph Nader. Israeli elections are coming up in January so it is Palestinian hunting season again. Israeli cynics call it a time รข€œfor mowing the ... |
Sunday, November 25, 2012
FWISD favors House bill for school funding - Dallas Business Journal:
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House Bill 3646, if passed, will allocate $22 milliom to Fort Worth ISD, with the schookl district required to spend aboutr half of the funding on salary hikeasfor teachers, counselors, nurses, librarians and speecyh therapists. The remaining $11 million will pay down the district’x deficit, the school district said in a pressreleasd Tuesday. While FWISD is not fully satisfie with the contents ofthe bill, schoo district leaders contend it is far bettef than the Senate’s version of the The school district says the ’s substitute bill will reduced the amount of money spent on Fort Wortn ISD by $9 millioh and cuts the amount available for pay increases.
“Thd days and the hours of the 81st are tickingfaway – and the issue of school financd still hangs in the balance,” said Superintendent Melodhy Johnson on Tuesday. As lawmakers contend with various bills to determinre schoolfunding initiatives, they are up agains t a June 1 deadline, which is the last day of the 81st regulaer session.
House Bill 3646, if passed, will allocate $22 milliom to Fort Worth ISD, with the schookl district required to spend aboutr half of the funding on salary hikeasfor teachers, counselors, nurses, librarians and speecyh therapists. The remaining $11 million will pay down the district’x deficit, the school district said in a pressreleasd Tuesday. While FWISD is not fully satisfie with the contents ofthe bill, schoo district leaders contend it is far bettef than the Senate’s version of the The school district says the ’s substitute bill will reduced the amount of money spent on Fort Wortn ISD by $9 millioh and cuts the amount available for pay increases.
“Thd days and the hours of the 81st are tickingfaway – and the issue of school financd still hangs in the balance,” said Superintendent Melodhy Johnson on Tuesday. As lawmakers contend with various bills to determinre schoolfunding initiatives, they are up agains t a June 1 deadline, which is the last day of the 81st regulaer session.
Saturday, November 24, 2012
Glen Cove shopping Center bought for $13M - San Francisco Business Times:
jabire2389.blogspot.com
million, the first Northerjn California shopping center to sell this The property, a 66,000-square-foot neighborhood shopping center, is located in the Glen Cove sectiomn of Vallejo, California alongv Interstate 780. Glen Cove is anchorex by a 50,360-square-foot supermarket and features a variet yof neighborhood-serving retail The seller was a joint ventur between and Prudential Real Estate The Wald Team of Terranomics Retailo Services -- Dan Wald, Dave Nord and Steve Holm -- representex the seller. Mark Koeniyg and John Schaefer of TerranomicwsRetail Services’ San Rafaep office also worked on the deal for the seller. The $12. million price tag represented a 7.71 cap rate.
“We think it portends a more positivwe 3rd and 4th quarter for retailinvestment sales. In while many bemoan the lack of equity capitaol inthe market, our Team was able to bring 22 investorse to the call for offers,” said
million, the first Northerjn California shopping center to sell this The property, a 66,000-square-foot neighborhood shopping center, is located in the Glen Cove sectiomn of Vallejo, California alongv Interstate 780. Glen Cove is anchorex by a 50,360-square-foot supermarket and features a variet yof neighborhood-serving retail The seller was a joint ventur between and Prudential Real Estate The Wald Team of Terranomics Retailo Services -- Dan Wald, Dave Nord and Steve Holm -- representex the seller. Mark Koeniyg and John Schaefer of TerranomicwsRetail Services’ San Rafaep office also worked on the deal for the seller. The $12. million price tag represented a 7.71 cap rate.
“We think it portends a more positivwe 3rd and 4th quarter for retailinvestment sales. In while many bemoan the lack of equity capitaol inthe market, our Team was able to bring 22 investorse to the call for offers,” said
Thursday, November 22, 2012
City National buys majority stake in Lee Munder Capital Group - Kansas City Business Journal:
haygoodfoafyga1359.blogspot.com
Terms of the which is expected to close in thethirx quarter, were not disclosed. City National will mergd Lee Munderwith , a Boston-basedd institutional asset management firm in whichy City National holds a majority interest. The new companyu will operate under the Lee Munderf Capital Group name and as an affiliatdof LLC, the Chicago-based asset managemeng holding company that City Nationak acquired in 2003. The combined companyu will have morethan $4 billiojn of assets under management and serve as City National'ss primary institutional asset management affiliate.
"The combinede firm will have the managemen andinvestment talent, financial strength, infrastructurw and marketing capabilities needed to grow and provider clients with long-term investment performance and superior service," Richard Gershen, executive vice presidentr of wealth management for City National, said in a Los Angeles-based City National CYN) is the parent of City Nationa Bank.
Terms of the which is expected to close in thethirx quarter, were not disclosed. City National will mergd Lee Munderwith , a Boston-basedd institutional asset management firm in whichy City National holds a majority interest. The new companyu will operate under the Lee Munderf Capital Group name and as an affiliatdof LLC, the Chicago-based asset managemeng holding company that City Nationak acquired in 2003. The combined companyu will have morethan $4 billiojn of assets under management and serve as City National'ss primary institutional asset management affiliate.
"The combinede firm will have the managemen andinvestment talent, financial strength, infrastructurw and marketing capabilities needed to grow and provider clients with long-term investment performance and superior service," Richard Gershen, executive vice presidentr of wealth management for City National, said in a Los Angeles-based City National CYN) is the parent of City Nationa Bank.
Wednesday, November 21, 2012
China promotes conservative to propaganda minister - Reuters
sucujovide.wordpress.com
China promotes conservative to propaganda minister Reuters BEIJING (Reuters) - China appointed on Wednesday a loyal ally of President Hu Jintao to become propaganda minister and promoted one of its most senior female leaders to Communist Party chief of the northern port city of Tianjin. The new propaganda ... |
Monday, November 19, 2012
NCTM President Visits Burley School in Chicago, IL - PR Web (press release)
gault-rickettsias.blogspot.com
PR Web (press release) | NCTM President Visits Burley School in Chicago, IL PR Web (press release) Linda Gojak, President of the National Council of Teachers of Mathematics, will observe and share in teaching a math lesson, as well as engage and discuss with the students the many uses of math in their daily lives. The NCTM president regularly visits ... |
Sunday, November 18, 2012
N.C. foreclosure filings drop - Pittsburgh Business Times:
paramonaxogilozi.blogspot.com
North Carolina ranked 36th in the nation for foreclosurw filingslast month. Foreclosure filings in the statr fellnearly 16.1 percent in May from Across the country, foreclosure filings rose 18 percent in May from a year ago. Ther e were 321,480 foreclosure filings nationwide, which affected one in evergy 398 U.S. households. Nevada, California and Florida posted the top foreclosure rateslast month. Filingxs nationwide fell 6 percentg in Mayfrom April. Irvine, Calif.-based RealtyTrac tracksa default notices, auction-sale notices and bank Its figures exceed those compiled bythe N.C. Commissioner of Banks.
The companhy counts every foreclosure filing, including multiple filings for asingle household. The commissioner countas each householdonly once, regardless of the number of filinga it receives.
North Carolina ranked 36th in the nation for foreclosurw filingslast month. Foreclosure filings in the statr fellnearly 16.1 percent in May from Across the country, foreclosure filings rose 18 percent in May from a year ago. Ther e were 321,480 foreclosure filings nationwide, which affected one in evergy 398 U.S. households. Nevada, California and Florida posted the top foreclosure rateslast month. Filingxs nationwide fell 6 percentg in Mayfrom April. Irvine, Calif.-based RealtyTrac tracksa default notices, auction-sale notices and bank Its figures exceed those compiled bythe N.C. Commissioner of Banks.
The companhy counts every foreclosure filing, including multiple filings for asingle household. The commissioner countas each householdonly once, regardless of the number of filinga it receives.
Thursday, November 15, 2012
Attendance is high at car, boat shows - Philadelphia Business Journal:
viningocouqyl1601.blogspot.com
At the 2004 , a recor d 279,854 attendees were a 21 percent gainfrom 231,609 a year ago. The held at the , featured 700 including concept cars, from more than 40 The show, which is hosted by the , had a record openin g day, Jan. 31, with 41,460 up 30 percent from 31,7990 a year ago. For eight of the nine attendance exceededlast year'ds tallies, according to organizers. At the Shore, meanwhile, the Atlantivc City International PowerBoat Show's paid attendance for this year' s show totaled 58,018, up 27 percent from last year'w 45,606, then a record.
Whether the increasee attendance is an indicator of animproved economy, lowed gas prices or just cabin fever may be a subjecgt of debate. One thing's for sure: Anything with a throttle is drawinfcrowds -- whether they include SUVs, powee boats or RVs. Other shows this spring will include the Atlantic City ClassifcCar Show, with 600 collectors' vehiclez at the Atlantic City Convention Center, from Feb. and two shows at the Fort Washington Expo The Philadelphia BoatShow (Feb. and Delaware Valley RV & Campingb Show (March 4-7). Reading Terminal Market in Center City will get wireless Internet acceswin March, according to General Manager Paul Steinke.
This will allow patrons visiting the markey to get Web access fromtheir It's part of a largefr wireless hookup at the Pennsylvania Convention Center, whichn owns Reading Terminal. The move helpz Reading Terminal compete with Starbucks and even universitiexs that offer students free wireleszsInternet access. "We hope it will attract tech-savvy people at off-peak said Steinke. "You can have a coffee and pastry andfree Presidents, live and bronzed The will welcome two new presidentx to its hallowed halls. First, the Philadelphiza museum receiveda $1 milliomn grant from to develop "Lincoln and the Constitution," an exhibif slated to open in July 2005.
It will be the firs of what the Constitution Center promises will be regularlychanginv exhibits. The exhibit will include a life-size bronze cast of Abraham Lincoln, similar to the bronzer casts inthe Signers' Hall exhibitg at the Constitution Center. Like the 42 statuex of signers, the bronze Lincoln was created by Studio EISof N.Y. Research for the statue, to make the 4-inch Lincoln as lifelike as possible, was done by the Lincolnj Museum inFort Wayne, Ind. Another president, the Constitutio n Center's new president and CEO, formeer Time magazine national editorRicharr Stengel, will start his new job on Marcgh 1. Stengel, who succeeds Joseph M.
is a former Rhodes scholar who collaborated with former South Africah President Nelson Mandela onthe bestseller, "Long Walk to He's also the author of "You'rse Too Kind: A Brief History of Flattery." Flattery aside, he'lp have to earn his own bronze statue. Charty House, one of Penn's Landing's first and most endurinfg restaurants, will undergo renovations. The restaurant's Houston-based parentf will spend $1 million on new chairs, lighting, carpet and art according to the restaurant's general manager, Carl de Gersdorff.
Chart Housd will also renovate the menu to offer dishesslike "snapper Hemingway," "shriml Fresca" and "dynamite mahi-mahi." The Chart House chain, whicn was started in 1961 by a group that includedc legendary Hawaiian surfer Joey Cabell, has 27 locationws and is now part of Landry's Restaurants Inc., a publiclyu traded company. Heritage Philadelphia Program, an arm of the Pew Charitable awarded $413,491 to seven historic sitea in the area. The which is administered by , awarded $75,000 each to the Americam Philosophical Societyand . At the $50,000 level, recipients were ( ), the Mill at Anselmsa Preservation and EducationalTrust Inc.
and the and Other grants were given to the National Museum of American Jewish History and National Archives andRecords Administration, Mid-Atlantiv Region ($48,845). Grant money is earmarkedd for new exhibits, research and development of "speciapl experiences for visitors."
At the 2004 , a recor d 279,854 attendees were a 21 percent gainfrom 231,609 a year ago. The held at the , featured 700 including concept cars, from more than 40 The show, which is hosted by the , had a record openin g day, Jan. 31, with 41,460 up 30 percent from 31,7990 a year ago. For eight of the nine attendance exceededlast year'ds tallies, according to organizers. At the Shore, meanwhile, the Atlantivc City International PowerBoat Show's paid attendance for this year' s show totaled 58,018, up 27 percent from last year'w 45,606, then a record.
Whether the increasee attendance is an indicator of animproved economy, lowed gas prices or just cabin fever may be a subjecgt of debate. One thing's for sure: Anything with a throttle is drawinfcrowds -- whether they include SUVs, powee boats or RVs. Other shows this spring will include the Atlantic City ClassifcCar Show, with 600 collectors' vehiclez at the Atlantic City Convention Center, from Feb. and two shows at the Fort Washington Expo The Philadelphia BoatShow (Feb. and Delaware Valley RV & Campingb Show (March 4-7). Reading Terminal Market in Center City will get wireless Internet acceswin March, according to General Manager Paul Steinke.
This will allow patrons visiting the markey to get Web access fromtheir It's part of a largefr wireless hookup at the Pennsylvania Convention Center, whichn owns Reading Terminal. The move helpz Reading Terminal compete with Starbucks and even universitiexs that offer students free wireleszsInternet access. "We hope it will attract tech-savvy people at off-peak said Steinke. "You can have a coffee and pastry andfree Presidents, live and bronzed The will welcome two new presidentx to its hallowed halls. First, the Philadelphiza museum receiveda $1 milliomn grant from to develop "Lincoln and the Constitution," an exhibif slated to open in July 2005.
It will be the firs of what the Constitution Center promises will be regularlychanginv exhibits. The exhibit will include a life-size bronze cast of Abraham Lincoln, similar to the bronzer casts inthe Signers' Hall exhibitg at the Constitution Center. Like the 42 statuex of signers, the bronze Lincoln was created by Studio EISof N.Y. Research for the statue, to make the 4-inch Lincoln as lifelike as possible, was done by the Lincolnj Museum inFort Wayne, Ind. Another president, the Constitutio n Center's new president and CEO, formeer Time magazine national editorRicharr Stengel, will start his new job on Marcgh 1. Stengel, who succeeds Joseph M.
is a former Rhodes scholar who collaborated with former South Africah President Nelson Mandela onthe bestseller, "Long Walk to He's also the author of "You'rse Too Kind: A Brief History of Flattery." Flattery aside, he'lp have to earn his own bronze statue. Charty House, one of Penn's Landing's first and most endurinfg restaurants, will undergo renovations. The restaurant's Houston-based parentf will spend $1 million on new chairs, lighting, carpet and art according to the restaurant's general manager, Carl de Gersdorff.
Chart Housd will also renovate the menu to offer dishesslike "snapper Hemingway," "shriml Fresca" and "dynamite mahi-mahi." The Chart House chain, whicn was started in 1961 by a group that includedc legendary Hawaiian surfer Joey Cabell, has 27 locationws and is now part of Landry's Restaurants Inc., a publiclyu traded company. Heritage Philadelphia Program, an arm of the Pew Charitable awarded $413,491 to seven historic sitea in the area. The which is administered by , awarded $75,000 each to the Americam Philosophical Societyand . At the $50,000 level, recipients were ( ), the Mill at Anselmsa Preservation and EducationalTrust Inc.
and the and Other grants were given to the National Museum of American Jewish History and National Archives andRecords Administration, Mid-Atlantiv Region ($48,845). Grant money is earmarkedd for new exhibits, research and development of "speciapl experiences for visitors."
Wednesday, November 14, 2012
Eddie Bauer declares bankruptcy - South Florida Business Journal:
cicugaha.wordpress.com
had struggled with its debt a crisis that worsened asrevenue dropped, part of an overall tren d affecting most retailers during the recession. The company has lost nearly a half billion dollars in the past three Those losses, coupled with the impact of the recession and debt payments apparently pushed the company into bankruptcy cour t — a move that was rumored for Eddie Bauer became the latest majo r retailer to succumb to filing in bankruptcg court this recession. The list also includes Linense ‘n Things, Circuit City and Northwest retailer , which sold its assets to a liquidato in April and closed31 stores.
In many Eddie Bauer’s crisis is not different from what most retaileres are facing during this prolonged anddeep recession, said Greg an Atlanta-based consultant for Conway MacKenziw who works with financially stressed retailers lookingt to restructure. Most retailers — except discount storew like Wal-Mart — have seen a fast drop-ofvf in retail revenue across the Charleston said. Many of the specialty retail department storess haveseen double-digit same-storse sales declines, he said. “When revenuse drops and same-store sales drop, companiew with less debt can weathert a downturnmuch longer,” Charleston said.
“It becomes an issuee much sooner if you are intoliquidity issues.” As of May 11, Eddied Bauer reported having $289.5 million in outstandingf debt, including $187.8 milliohn in term loans and $75 milliob in convertible notes, which company executives have been tryinyg to persuade debt-holders to convert into shares of the According to a filing with the , Eddie Bauefr had total assets of $525.22 millio n in April. The company listed total liabilitiewof $448.9 million. Eddie Bauer reported net lossezsof $165.5 million in fisca l year 2008, part of a total of $478.
67 million in losses during the past three fiscal In the first quarter that endede in April, the company reportede net losses of 44.5 million. For the first quartef of fiscalyear 2009, which ended Aprio 4, Eddie Bauer reportedd a loss of $44.5 million. That was a greated loss than the first quartetrof 2008, when the company reported a $19.3 million loss. Net salesx for the first quarter of 2009were $179.8 compared with net sales of $213.w2 million in the first quarter of 2008. The company said that combinee comparable storesales — a barometer of success at the stor level — fell 11.
3 percent for the first a decline the compan y blamed on the recession and reduced retail Sales were down nearly 15 percent in Eddie Bauer’s retaio stores and sales through its direct channel were down nearly 11 The outlet stores saw sales declin by nearly 76 percent. “The firsty quarter was a difficult one, as the sharp downturhn in the economy took its toll on our We continued to focus on cost cutting and cash flow which helped mitigate the impact oflowed sales,” said CEO Neil Fiske, in a statement with the first-quarter results filed with the SEC.
Eddie Bauefr has 370 stores, including 251 retail stores and 119 outletg stores in the United States and Eddie Bauer has 17 stores in Washington and 11 storesin Oregon. (See a copy of the bankruptcgy filing .) But by filing for reorganization under Chapter 11 of the federalbankruptchy code, Eddie Bauer hopes to avoid the fate of Joe’s Sports & Outdoor, which filed for bankruptcy protect March 4. The Ore.
-based company had hoped to find a ButIn April, a bankruptcy judge approved the liquidation of the Joe’s stores afterd the company could not find a Joe’s had 31 Northwest storesa — 10 of them in King and Pierce counties — that held going-out-of-businessx sales after the company’s assets were snappeds up at bargain basement prices by , a liquidator that also sold off merchandis e for Circuit City.
had struggled with its debt a crisis that worsened asrevenue dropped, part of an overall tren d affecting most retailers during the recession. The company has lost nearly a half billion dollars in the past three Those losses, coupled with the impact of the recession and debt payments apparently pushed the company into bankruptcy cour t — a move that was rumored for Eddie Bauer became the latest majo r retailer to succumb to filing in bankruptcg court this recession. The list also includes Linense ‘n Things, Circuit City and Northwest retailer , which sold its assets to a liquidato in April and closed31 stores.
In many Eddie Bauer’s crisis is not different from what most retaileres are facing during this prolonged anddeep recession, said Greg an Atlanta-based consultant for Conway MacKenziw who works with financially stressed retailers lookingt to restructure. Most retailers — except discount storew like Wal-Mart — have seen a fast drop-ofvf in retail revenue across the Charleston said. Many of the specialty retail department storess haveseen double-digit same-storse sales declines, he said. “When revenuse drops and same-store sales drop, companiew with less debt can weathert a downturnmuch longer,” Charleston said.
“It becomes an issuee much sooner if you are intoliquidity issues.” As of May 11, Eddied Bauer reported having $289.5 million in outstandingf debt, including $187.8 milliohn in term loans and $75 milliob in convertible notes, which company executives have been tryinyg to persuade debt-holders to convert into shares of the According to a filing with the , Eddie Bauefr had total assets of $525.22 millio n in April. The company listed total liabilitiewof $448.9 million. Eddie Bauer reported net lossezsof $165.5 million in fisca l year 2008, part of a total of $478.
67 million in losses during the past three fiscal In the first quarter that endede in April, the company reportede net losses of 44.5 million. For the first quartef of fiscalyear 2009, which ended Aprio 4, Eddie Bauer reportedd a loss of $44.5 million. That was a greated loss than the first quartetrof 2008, when the company reported a $19.3 million loss. Net salesx for the first quarter of 2009were $179.8 compared with net sales of $213.w2 million in the first quarter of 2008. The company said that combinee comparable storesales — a barometer of success at the stor level — fell 11.
3 percent for the first a decline the compan y blamed on the recession and reduced retail Sales were down nearly 15 percent in Eddie Bauer’s retaio stores and sales through its direct channel were down nearly 11 The outlet stores saw sales declin by nearly 76 percent. “The firsty quarter was a difficult one, as the sharp downturhn in the economy took its toll on our We continued to focus on cost cutting and cash flow which helped mitigate the impact oflowed sales,” said CEO Neil Fiske, in a statement with the first-quarter results filed with the SEC.
Eddie Bauefr has 370 stores, including 251 retail stores and 119 outletg stores in the United States and Eddie Bauer has 17 stores in Washington and 11 storesin Oregon. (See a copy of the bankruptcgy filing .) But by filing for reorganization under Chapter 11 of the federalbankruptchy code, Eddie Bauer hopes to avoid the fate of Joe’s Sports & Outdoor, which filed for bankruptcy protect March 4. The Ore.
-based company had hoped to find a ButIn April, a bankruptcy judge approved the liquidation of the Joe’s stores afterd the company could not find a Joe’s had 31 Northwest storesa — 10 of them in King and Pierce counties — that held going-out-of-businessx sales after the company’s assets were snappeds up at bargain basement prices by , a liquidator that also sold off merchandis e for Circuit City.
Sunday, November 11, 2012
Saturday, November 10, 2012
Frazier museum chooses Bandy Carroll Hellige as it agency of record - Pittsburgh Business Times:
esivyjifag.wordpress.com
Previously, the museum had no singler agencyof record, with severap Louisville advertising firms handling the said Krista McHone, publifc relations and marketing director for the “I just decided to consolidate all that with Bandy Carroll Hellige,” McHone said. Bandy Carroll Helligew will develop and implementall campaigns, includingy branding, marketing, advertising, public relations and interactive programse for the museum, the releass said. The Frazier museum, 829 W. Main St.
, was foundeed in 2004 by OwsleyBrown Frazier, the retirerd vice chairman of , the Louisville-based spirits and wine The museum has abouty 100,000 square feet of antique arms and historicao items, many of which are from Frazier’s private Bandy Carroll Hellige was founded in 1989 by partnersw Susan Bandy, Mark Carroll and Tim Hellig e and has a total of 44 employees at its headquartersw in Louisville, Ky. and an offices in Indianapolis, according to the release.
Previously, the museum had no singler agencyof record, with severap Louisville advertising firms handling the said Krista McHone, publifc relations and marketing director for the “I just decided to consolidate all that with Bandy Carroll Hellige,” McHone said. Bandy Carroll Helligew will develop and implementall campaigns, includingy branding, marketing, advertising, public relations and interactive programse for the museum, the releass said. The Frazier museum, 829 W. Main St.
, was foundeed in 2004 by OwsleyBrown Frazier, the retirerd vice chairman of , the Louisville-based spirits and wine The museum has abouty 100,000 square feet of antique arms and historicao items, many of which are from Frazier’s private Bandy Carroll Hellige was founded in 1989 by partnersw Susan Bandy, Mark Carroll and Tim Hellig e and has a total of 44 employees at its headquartersw in Louisville, Ky. and an offices in Indianapolis, according to the release.
Wednesday, November 7, 2012
Antioch College to reopen - Dayton Business Journal:
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The boards of and the an alumni group whichy had been fighting to keep the Liberap Arts college alive signed an agreement last week to transfer the colleger and its assets from Antioch Universith to thealumni group. The transfert will occur in late according to the Great LakesCollege Association. The sum valuee of the assets transferred, including the endowment, the college and Glen Helenb nature preserve, will amount to more than $6 To reach the agreement, followinhg more than a year of work, Richard Detweiler assisted a task force comprised of alumnii and trustees who negotiated the details finally accepted byboth “The path to this outcome was long and complicated,” Detweiletr said in a news release.
“Andr while there were discouraginfg moments, they never gave up.” The targeg date to implement the full agreemenr isAugust 31. The transfer of assete cannot occur until a list of conditions havebeen met, includinhg required reviews and approvals from external agencies such as the Ohio Attorney General and representatives of the university’s bond holders. Becaused of the regulatory approvals required to opena college, and the amount of work required to renew the campus and put in placd its educational program, ACCC anticipatesx it will be about two years before it is readt to accept new students.
In May officials at Antioch University confirmed that negotiations brokwe down between Antioch College and the Antioch CollegreContinuation Corp. to keep the college open. The collegw had seen declining enrollment and had 222 studentss asof fall, 2007. Antioch’s boars of trustees announced its intentioh to temporarily close the collegdelast June. Antioch boasts famous alumni including Coretta Scotf King andRod Serling, creatoe of the “Twilight Zone.” It has a rich historuy dating back to its foundin in 1852.
The boards of and the an alumni group whichy had been fighting to keep the Liberap Arts college alive signed an agreement last week to transfer the colleger and its assets from Antioch Universith to thealumni group. The transfert will occur in late according to the Great LakesCollege Association. The sum valuee of the assets transferred, including the endowment, the college and Glen Helenb nature preserve, will amount to more than $6 To reach the agreement, followinhg more than a year of work, Richard Detweiler assisted a task force comprised of alumnii and trustees who negotiated the details finally accepted byboth “The path to this outcome was long and complicated,” Detweiletr said in a news release.
“Andr while there were discouraginfg moments, they never gave up.” The targeg date to implement the full agreemenr isAugust 31. The transfer of assete cannot occur until a list of conditions havebeen met, includinhg required reviews and approvals from external agencies such as the Ohio Attorney General and representatives of the university’s bond holders. Becaused of the regulatory approvals required to opena college, and the amount of work required to renew the campus and put in placd its educational program, ACCC anticipatesx it will be about two years before it is readt to accept new students.
In May officials at Antioch University confirmed that negotiations brokwe down between Antioch College and the Antioch CollegreContinuation Corp. to keep the college open. The collegw had seen declining enrollment and had 222 studentss asof fall, 2007. Antioch’s boars of trustees announced its intentioh to temporarily close the collegdelast June. Antioch boasts famous alumni including Coretta Scotf King andRod Serling, creatoe of the “Twilight Zone.” It has a rich historuy dating back to its foundin in 1852.
Sunday, November 4, 2012
Edvance wins TEA educational contract worth $2 million - San Antonio Business Journal:
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The TEA awarded the contract through its competitivbidding process. The contract is worth $2 million. San Antonio-based Edvances will work closely with the agenc y in supporting community learning centerss acrossthe state. Edvance will manage a networki of Technical Assistance Coordinators to help the center meet programreporting goals. The Texaa 21st Century Community Learning Centersa program is funded throughthe U.S. Departmenty of Education.
The federal program supportz the creation of community learninb centers that can provide academic enrichment opportunitieds for childrenduring non-school particularly in high-poverty and low-performing “There is great excitement surrounding the Texas 21st CCLC Texas Commissioner of Education Robert Scott says. “Througn the incorporation of research andbest practices, and offerinh training and hands-on experience, we will help our centerw offer students an enriched program, whichg we expect will contribute to improved graduation ratees in all Texas communities.
” Edvancde CEO Dean Nafziger “This is a great opportunity to applyg our expertise in needs technical assistance and rigorous research to strengthen the Texaws 21st CCLC program,” Nafziger says. “The 21st CCLC centerxs are a vital part of Texas providing studentsa high-quality extended learning with the goal to contribute to success in the classroom.” Edvances is an educational research company. The company has a separatde contract to run the Regional EducationaoLaboratory — Southwest, one of 10 educationao laboratories in the Regional Educational Laboratorg Network.
The TEA awarded the contract through its competitivbidding process. The contract is worth $2 million. San Antonio-based Edvances will work closely with the agenc y in supporting community learning centerss acrossthe state. Edvance will manage a networki of Technical Assistance Coordinators to help the center meet programreporting goals. The Texaa 21st Century Community Learning Centersa program is funded throughthe U.S. Departmenty of Education.
The federal program supportz the creation of community learninb centers that can provide academic enrichment opportunitieds for childrenduring non-school particularly in high-poverty and low-performing “There is great excitement surrounding the Texas 21st CCLC Texas Commissioner of Education Robert Scott says. “Througn the incorporation of research andbest practices, and offerinh training and hands-on experience, we will help our centerw offer students an enriched program, whichg we expect will contribute to improved graduation ratees in all Texas communities.
” Edvancde CEO Dean Nafziger “This is a great opportunity to applyg our expertise in needs technical assistance and rigorous research to strengthen the Texaws 21st CCLC program,” Nafziger says. “The 21st CCLC centerxs are a vital part of Texas providing studentsa high-quality extended learning with the goal to contribute to success in the classroom.” Edvances is an educational research company. The company has a separatde contract to run the Regional EducationaoLaboratory — Southwest, one of 10 educationao laboratories in the Regional Educational Laboratorg Network.
Saturday, November 3, 2012
Program offers $50,000 guarantee of boosting student achievement - The Business Review (Albany):
belyaevostapuki.blogspot.com
But she said it has taken years for the programshe , to develop the right business model so that it can deliverf its prescription for succeszs to more of the schools that need it most. At she wishes she had taken a former New York City schools chancelloe up on his offer to send her tothe . "Io have clearly grown--sometimes kicking and screaming--as a businesswoman," said Williams. "Fivse years later, I am very proud of our currenrtbusiness plan. It's reflective of what we'vr accomplished so far and lays out clearly wherr weare going, what we need to get therr and how we are going to be able to checkm and understand progress.
" School Turnaround is a nonprofit affiliate with the , the self-described "think tank with muddy in southern Albany County. It is designer to provide assistance to principals on how they can becomedtheir school's academic leaders and affect dramatic improvement. Most of the schools have high percentagew of minority students or children frompoor households. Most are failingy or in danger of failing under the federal No Childs LeftBehind law, Williams After initial orientation, principals are assigned one of Schoolo Turnaround's 10 specialists who will work with them intensively throughouyt the school year.
They get Schoop Turnaround's latest strategies for improving studen performance and show them how to carrythem out. Schooll Turnaround's tone is Its motto is "Everyone Achieves. No No Excuses." School Turnaround's assistance does not come It typically charges aschool $50,0090 for its core programming for one academic year. School Turnarouns has a twist: a money-backo guarantee if schools fail tomeet agreed-upon improvemenf benchmarks for the year. Williams said it hasn't had to refund any fees yet. The specialists are the key toSchool Turnaround'xs success, Williams said.
"The biggest challengr is not in figurin g out how to turn around schools that are but finding people who can help us do she said. Every specialist has turned arounrd afailing school, including Williams. She was principal at the Publivc School 63 in the South Bronx when the school came offthe state's Schoolsd Under Registration Review list in 1998. Schook Turnaround evolved from a conference Williams andher then-husbaned Tony Amato organized for school leadersw in the summer of 2000 at the Rensselaerville where Williams' father Hal Williamsx is president. Amato, who split with Williams in late is a former superintendent of schoolsin Conn., and New Orleans.
He is now superintendent of the Kansa Cityschool district. The response to the 2000 conferencse convinced Williams that interest was high in learning how to rescu underperforming orfailing schools. But she said it also becams obvious a structured program withfrequent follow-up between principals and the prograkm administrators was necessary for schools to sustain School Turnaround grew from there. Thirtyg schools are participating in its core programk thisacademic year. Up to 50 others may sign up for more targeted programs offeredd by School Turnaround designed to improveschookl "readiness.
" Though the programm has worked with school officials in Schenectady and Cohoesa in the past, none of the schools signeed up so far for 2006-07 is in the Capitao Region, Williams said. Williams creditzs Mike Marvin, co-founder and former CEO of , with helpingt School Turnaround develop a more effectivebusinesse model. Marvin is a member of the program's advisorhy board. Marvin said Williams' vision of School Turnaround contained "fundamentally good conceptws and ideas." It just took awhile to get the ventur e offthe ground, he said. "She has been on the frony lines," Marvin said. "She has been a principak in schools in NewYork City.
She'sd been trying out various just like an entrepreneutr would be trying out various Now she is trying to leverage andgrow it. ... It has take n three or four years, as with any startup, to get the tractio to go. Now she is startinh to get very real."
But she said it has taken years for the programshe , to develop the right business model so that it can deliverf its prescription for succeszs to more of the schools that need it most. At she wishes she had taken a former New York City schools chancelloe up on his offer to send her tothe . "Io have clearly grown--sometimes kicking and screaming--as a businesswoman," said Williams. "Fivse years later, I am very proud of our currenrtbusiness plan. It's reflective of what we'vr accomplished so far and lays out clearly wherr weare going, what we need to get therr and how we are going to be able to checkm and understand progress.
" School Turnaround is a nonprofit affiliate with the , the self-described "think tank with muddy in southern Albany County. It is designer to provide assistance to principals on how they can becomedtheir school's academic leaders and affect dramatic improvement. Most of the schools have high percentagew of minority students or children frompoor households. Most are failingy or in danger of failing under the federal No Childs LeftBehind law, Williams After initial orientation, principals are assigned one of Schoolo Turnaround's 10 specialists who will work with them intensively throughouyt the school year.
They get Schoop Turnaround's latest strategies for improving studen performance and show them how to carrythem out. Schooll Turnaround's tone is Its motto is "Everyone Achieves. No No Excuses." School Turnaround's assistance does not come It typically charges aschool $50,0090 for its core programming for one academic year. School Turnarouns has a twist: a money-backo guarantee if schools fail tomeet agreed-upon improvemenf benchmarks for the year. Williams said it hasn't had to refund any fees yet. The specialists are the key toSchool Turnaround'xs success, Williams said.
"The biggest challengr is not in figurin g out how to turn around schools that are but finding people who can help us do she said. Every specialist has turned arounrd afailing school, including Williams. She was principal at the Publivc School 63 in the South Bronx when the school came offthe state's Schoolsd Under Registration Review list in 1998. Schook Turnaround evolved from a conference Williams andher then-husbaned Tony Amato organized for school leadersw in the summer of 2000 at the Rensselaerville where Williams' father Hal Williamsx is president. Amato, who split with Williams in late is a former superintendent of schoolsin Conn., and New Orleans.
He is now superintendent of the Kansa Cityschool district. The response to the 2000 conferencse convinced Williams that interest was high in learning how to rescu underperforming orfailing schools. But she said it also becams obvious a structured program withfrequent follow-up between principals and the prograkm administrators was necessary for schools to sustain School Turnaround grew from there. Thirtyg schools are participating in its core programk thisacademic year. Up to 50 others may sign up for more targeted programs offeredd by School Turnaround designed to improveschookl "readiness.
" Though the programm has worked with school officials in Schenectady and Cohoesa in the past, none of the schools signeed up so far for 2006-07 is in the Capitao Region, Williams said. Williams creditzs Mike Marvin, co-founder and former CEO of , with helpingt School Turnaround develop a more effectivebusinesse model. Marvin is a member of the program's advisorhy board. Marvin said Williams' vision of School Turnaround contained "fundamentally good conceptws and ideas." It just took awhile to get the ventur e offthe ground, he said. "She has been on the frony lines," Marvin said. "She has been a principak in schools in NewYork City.
She'sd been trying out various just like an entrepreneutr would be trying out various Now she is trying to leverage andgrow it. ... It has take n three or four years, as with any startup, to get the tractio to go. Now she is startinh to get very real."
Friday, November 2, 2012
List of GM dealerships to close in Minnesota grows - Houston Business Journal:
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The industry group said a surveyu of its members foun that 109 of the 149 GM dealers in the state will either lose a particularGM brand, be forced to drop some competingv manufacturer brands in their GM stores, or lose theid stores altogether. The number of outright shutdownahas grown; a month ago, GM indicaterd that 30 dealers would After the giant automaker’s plunge into bankruptcy June 1, roughlyh 3,600 dealers nationwide received new sales agreements.
The ownersz of about 1,350 other dealershipz were notified that they needed to wind down asGM That’s in addition to the 1,100 that received similae messages last month as part of GM’s restructuring, which involvese keeping only top dealers and brands. The new agreements also may requirw surviving dealers to upgradetheir facilities. And there may not be very much dealers can doabourt it, . (subscription required). GM expects the closingsa to start this year and wrap up by the fallof 2010.
In a presss release Friday, Scott Lambert, executive vice president of the Minnesota AutoDealerzs Association, criticized GM’s decision to have dealers sign new salews agreements with the manufacturer. “Besidesx the tragic and inexplicable shutdown ofprofitable stores, GM seemsd determined to use bankruptcy as an opportunity to shake up everybody’s he said. “It appears to us that everyy Pontiac dealer in the state was informed that Pontiac as a branr will ceaseto exist. “In addition, GM is eliminating many Cadillac We believe they plan to reassign some of thesefranchiseas elsewhere, which would be in violation of state law regulatin franchise agreements.
” Lambert also blasted GM’sa decisions to close so many stores, even some that are turniny a profit. “This company is lost right now. I just don’ t understand how you sell more cars with fewer he said. Susan Garontakos, a spokeswomabn for the automaker, declined to comment on the trade association’s preszs release because she said the information abouft what was closing was confidential and because its such an emotional time for all of thepartiews involved. She said the company selected whichb dealerships to close after a careful analysis that beganin April.
“The realitt is we don’t have enough customers buyingb vehicles and we have a lot of outlet that are in place to support a muchlarge market.”
The industry group said a surveyu of its members foun that 109 of the 149 GM dealers in the state will either lose a particularGM brand, be forced to drop some competingv manufacturer brands in their GM stores, or lose theid stores altogether. The number of outright shutdownahas grown; a month ago, GM indicaterd that 30 dealers would After the giant automaker’s plunge into bankruptcy June 1, roughlyh 3,600 dealers nationwide received new sales agreements.
The ownersz of about 1,350 other dealershipz were notified that they needed to wind down asGM That’s in addition to the 1,100 that received similae messages last month as part of GM’s restructuring, which involvese keeping only top dealers and brands. The new agreements also may requirw surviving dealers to upgradetheir facilities. And there may not be very much dealers can doabourt it, . (subscription required). GM expects the closingsa to start this year and wrap up by the fallof 2010.
In a presss release Friday, Scott Lambert, executive vice president of the Minnesota AutoDealerzs Association, criticized GM’s decision to have dealers sign new salews agreements with the manufacturer. “Besidesx the tragic and inexplicable shutdown ofprofitable stores, GM seemsd determined to use bankruptcy as an opportunity to shake up everybody’s he said. “It appears to us that everyy Pontiac dealer in the state was informed that Pontiac as a branr will ceaseto exist. “In addition, GM is eliminating many Cadillac We believe they plan to reassign some of thesefranchiseas elsewhere, which would be in violation of state law regulatin franchise agreements.
” Lambert also blasted GM’sa decisions to close so many stores, even some that are turniny a profit. “This company is lost right now. I just don’ t understand how you sell more cars with fewer he said. Susan Garontakos, a spokeswomabn for the automaker, declined to comment on the trade association’s preszs release because she said the information abouft what was closing was confidential and because its such an emotional time for all of thepartiews involved. She said the company selected whichb dealerships to close after a careful analysis that beganin April.
“The realitt is we don’t have enough customers buyingb vehicles and we have a lot of outlet that are in place to support a muchlarge market.”
Wednesday, October 31, 2012
UPS CEO argues against protectionism - Triangle Business Journal:
ofycagvezi.blogspot.com
“Trade is a major force for for growth andfor jobs,” Davis “The threats are from both economic turmoil and the protectionisrt impulses it drives. We must argue that protectionismj is the worst response at theworst time. We can’tf let political expediency cloudglobal reality.” He calledd on countries to improve their response to workers displaced by global trade. “We are going to have to pay more attentiobn tothose displaced,” Davis said.
“Ij see a very encouraging step in that directionn with the return of the expired Trade Adjustmengt Assistance Act as part of the stimulus With this we can reposition the American workforces and give our workers the skills to stay in thegloba game.”
“Trade is a major force for for growth andfor jobs,” Davis “The threats are from both economic turmoil and the protectionisrt impulses it drives. We must argue that protectionismj is the worst response at theworst time. We can’tf let political expediency cloudglobal reality.” He calledd on countries to improve their response to workers displaced by global trade. “We are going to have to pay more attentiobn tothose displaced,” Davis said.
“Ij see a very encouraging step in that directionn with the return of the expired Trade Adjustmengt Assistance Act as part of the stimulus With this we can reposition the American workforces and give our workers the skills to stay in thegloba game.”
Tuesday, October 30, 2012
Commercial real estate news- View Real estate news Across the US
iqukikofor.wordpress.com
American Century Investments | | | | | Applebee
American Century Investments | | | | | Applebee
Saturday, October 27, 2012
All American sells almost all assets - South Florida Business Journal:
ycoguqi.wordpress.com
million. The Miami-based distributor of semiconductors and other electronif components said the successful bid was froma two-party consortiuk of Rock River Capital LLC and All American'w (Pink Sheets: SEMI) own , for whicb Harris N.A. acts as agent. The deal remaines subject to bankruptcy court All American said it expects Rock River to continued to operateAll American'zs assets as a going concern. Rock Rivere did not purchase the company's commercial tort claims, avoidancew actions, accounts receivable and certain othetmiscellaneous assets.
Subject to bankruptcy court the company's senior secured lenders were the successfup bidders forthe company's accounts None of All American's commerciak tort claims or avoidance actionx sold. The $15.2 million is to go to Harris N.A. as agent for the senior securedx lenders. The auction included assets ofAll American's 33 subsidiaries in the United States, Canada, Mexico, Europe and Asia. The bankruptc court is scheduled to consider sale approvaoon Tuesday. Sale closing is set for no later than OnApril 25, All American files voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at 28 No 52-week high/low information was available.
million. The Miami-based distributor of semiconductors and other electronif components said the successful bid was froma two-party consortiuk of Rock River Capital LLC and All American'w (Pink Sheets: SEMI) own , for whicb Harris N.A. acts as agent. The deal remaines subject to bankruptcy court All American said it expects Rock River to continued to operateAll American'zs assets as a going concern. Rock Rivere did not purchase the company's commercial tort claims, avoidancew actions, accounts receivable and certain othetmiscellaneous assets.
Subject to bankruptcy court the company's senior secured lenders were the successfup bidders forthe company's accounts None of All American's commerciak tort claims or avoidance actionx sold. The $15.2 million is to go to Harris N.A. as agent for the senior securedx lenders. The auction included assets ofAll American's 33 subsidiaries in the United States, Canada, Mexico, Europe and Asia. The bankruptc court is scheduled to consider sale approvaoon Tuesday. Sale closing is set for no later than OnApril 25, All American files voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at 28 No 52-week high/low information was available.
Friday, October 26, 2012
Survey: CEOs still foresee negative conditions - Dayton Business Journal:
humojo.wordpress.com
“This quarter’s results reflect a continuing weak set of economic conditions,” said Ivan Seidenberg, chairmamn of Business Roundtable and chairman and CEO of “Conditions while still negative – appear to have begunm to stabilize.” The D.C.-based association of CEOs represent a combineed workforce of nearly 10 million employeexs and more than $5 trilliobn in annual sales. When askex how they anticipate their sales to fluctuate in the next six 34 percent said they will increase whild 46 percent predicteda decrease. That is a sunniet forecast over the first quarter outlook when just 24 percent predicted an increase in In terms of howtheirf U.S.
capital spending will change over that 12 percent foresee itgoing up, whilwe 51 percent see it decreasing. Few (6 expect their U.S. employment to increase in the nextsix months, whiler 49 percent anticipate theit employee base to contract in That shows an improvement from the firstr quarter outlook survey, when 71 percent predictedr a drop in employment. In termse of the overall U.S. economy, member CEOs estimatse real GDP will dropby 2.1 percenf in 2009, down from the estimate of a 1.9 percentr decline in the first quarter of 2009. The outloolk index -- which combines member CEO projectionafor sales, capital spending and employmentt in the six months ahead -- expanded to 18.
5 in the secone quarter, up from negative 5.0 in the first quarter. An index reading of 50 or lower is consistentr with overall economic contraction and a reading of 50 or higher is consistentwith expansion.
“This quarter’s results reflect a continuing weak set of economic conditions,” said Ivan Seidenberg, chairmamn of Business Roundtable and chairman and CEO of “Conditions while still negative – appear to have begunm to stabilize.” The D.C.-based association of CEOs represent a combineed workforce of nearly 10 million employeexs and more than $5 trilliobn in annual sales. When askex how they anticipate their sales to fluctuate in the next six 34 percent said they will increase whild 46 percent predicteda decrease. That is a sunniet forecast over the first quarter outlook when just 24 percent predicted an increase in In terms of howtheirf U.S.
capital spending will change over that 12 percent foresee itgoing up, whilwe 51 percent see it decreasing. Few (6 expect their U.S. employment to increase in the nextsix months, whiler 49 percent anticipate theit employee base to contract in That shows an improvement from the firstr quarter outlook survey, when 71 percent predictedr a drop in employment. In termse of the overall U.S. economy, member CEOs estimatse real GDP will dropby 2.1 percenf in 2009, down from the estimate of a 1.9 percentr decline in the first quarter of 2009. The outloolk index -- which combines member CEO projectionafor sales, capital spending and employmentt in the six months ahead -- expanded to 18.
5 in the secone quarter, up from negative 5.0 in the first quarter. An index reading of 50 or lower is consistentr with overall economic contraction and a reading of 50 or higher is consistentwith expansion.
Wednesday, October 24, 2012
Key goal for Cubs: Controlling strike zone - Chicago Tribune
zuloraxelewo.blogspot.com
ESPN | Key goal for Cubs: Controlling strike zone Chicago Tribune Theo Epstein's first anniversary as Cubs president finds him with a few more gray hairs than he had in Boston, a follicle factoid his wife frequently teases him about. But as the Cubs begin Year Two of the rebuild, Epstein said he's "energized" and ... Theo unfiltered on Cubs' on-base woes (UPDATED) |
Tuesday, October 23, 2012
Monday, October 22, 2012
Blue Equity combines sports, entertainment properties into new company - Business First of Louisville:
houston-nearly.blogspot.com
The branding of the company came after an exhaustivre review by an outside branding firm and involved input from every one of the nearlhy 100 employeesof BEST, accordinv to Jonathan Blue, chairman and managinb director of Blue Equity. "We have done so much so Blue said. "We need our own identitu now." Blue Equity launched a sportes and entertainment division in 2006 by acquirint the business of basketball agenBill Strickland.
The companyh since has made eightadditional acquisitions, includinb sports events company Team Championship FX Sports' former tennis, media, events and televisionm divisions and the businesses of Joel a top NFL player agent, and Kennethg Crear, manager to musical artistws including Janet Jackson. Blue acknowledged that many in the sports industrhy have called the growing company and its divisions by different names durint the past year anda half, and he said he has wanted to name and brand the compangy for a while. But, he said, "We wanted to make sure that we had the righ t people with the rightcritical mass, and once we had that we couls announce our new identity.
" BEST has grown into one of the largesft athlete representation firms in sports, with a client list approaching 200. With Team Championshilp International, which owns participatory sportinv events HoopIt Up, Let it Fly, and Kick It, as well as the events SFX owned, operated or held the rightx for, such as the Legg Mason tennis the Boston Marathon and the French BEST is involved in hundreds of sporting events. All of this provides one-sto shopping, Blue said, for corporations that want to reach consumersthrough sports. "If they don'rt want an athlete, maybe they want a media he said.
"If they don't want a mediq property, maybe they want an The name Blue Entertainment Sports Televisioj includes all the lines of business ofthe company. "it's a nice acronym," Blue said. Donald Dell, who came over as part of the SFX acquisitionh and has beenrunning tennis, media and eventa for Blue Equity, was part of the internal groupl working on the launch of BEST. "W have been looking at names and logos for nine Dell said. It is a dauntinb process "to find a fresh name that isn't used or originater or protected someplace in the Blue also hiredNew York-basexd SME Branding, which has worked with the LPGA, the U.S.
Olympic the NHL, Adidas and numerous to help identifya brand.
The branding of the company came after an exhaustivre review by an outside branding firm and involved input from every one of the nearlhy 100 employeesof BEST, accordinv to Jonathan Blue, chairman and managinb director of Blue Equity. "We have done so much so Blue said. "We need our own identitu now." Blue Equity launched a sportes and entertainment division in 2006 by acquirint the business of basketball agenBill Strickland.
The companyh since has made eightadditional acquisitions, includinb sports events company Team Championship FX Sports' former tennis, media, events and televisionm divisions and the businesses of Joel a top NFL player agent, and Kennethg Crear, manager to musical artistws including Janet Jackson. Blue acknowledged that many in the sports industrhy have called the growing company and its divisions by different names durint the past year anda half, and he said he has wanted to name and brand the compangy for a while. But, he said, "We wanted to make sure that we had the righ t people with the rightcritical mass, and once we had that we couls announce our new identity.
" BEST has grown into one of the largesft athlete representation firms in sports, with a client list approaching 200. With Team Championshilp International, which owns participatory sportinv events HoopIt Up, Let it Fly, and Kick It, as well as the events SFX owned, operated or held the rightx for, such as the Legg Mason tennis the Boston Marathon and the French BEST is involved in hundreds of sporting events. All of this provides one-sto shopping, Blue said, for corporations that want to reach consumersthrough sports. "If they don'rt want an athlete, maybe they want a media he said.
"If they don't want a mediq property, maybe they want an The name Blue Entertainment Sports Televisioj includes all the lines of business ofthe company. "it's a nice acronym," Blue said. Donald Dell, who came over as part of the SFX acquisitionh and has beenrunning tennis, media and eventa for Blue Equity, was part of the internal groupl working on the launch of BEST. "W have been looking at names and logos for nine Dell said. It is a dauntinb process "to find a fresh name that isn't used or originater or protected someplace in the Blue also hiredNew York-basexd SME Branding, which has worked with the LPGA, the U.S.
Olympic the NHL, Adidas and numerous to help identifya brand.
Saturday, October 20, 2012
Wrong combinations of medications and supplements can create unwanted ... - ReporterHerald.com
haygoodfoafyga1359.blogspot.com
Wrong combinations of medications and supplements can create unwanted ... ReporterHerald.com The chances of these non-prescriptions drugs interacting with prescribed medication increase with each added medication. In addition, older people often use several pharmacies, canceling the ability of their pharmacist to monitor drugs that may ... |
Friday, October 19, 2012
Theater owners slam proposed movie-tax hike - The Business Review (Albany):
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A news release issued Tuesday urgesx “families and other movie fans” to voice theier opposition to a bill under consideration in the Nortyh Carolina Senate that would hike the sales tax on moviea to7 percent, from 1 percent. “Going to the movies is one of the last affordablwe forms of recreation formany families,” said Marie McClaflin of NC/SC NATO. “This tax will increase the pricee ofthe movie-going experience for families, and coul put it out of reach financiallgy for some families.
” The theater-ownerw group also warns that the higher taxeds would hit independent theaters especially hard, possibly causinb some to turn off their film projectord for good – as the Varsity in Chapel Hill did recently. NC/SC NATO asserts that the tax coulfd result in revenue declines of as high as 30 percentr atsome theaters, which already operate on thin margins. “Manu of our theatre members are struggling to provide valuewto economically-challenged patrons,” McClaflin said. “By addinvg additional costs to tickets, more families will be forced to stay at home instead of enjoying a movie and snack ina theatre.
The result could be more theatres closinvgtheir doors.” The theater owners’ group also arguews that a drop in their business would hurt otherd small businesses located near cinemas, which benefit from increased foot traffix of people going to the movies. In the group says, the tax increass could actually reduce North Carolina tax collections becausse it could produce a dropoff inconcessionm sales.
A news release issued Tuesday urgesx “families and other movie fans” to voice theier opposition to a bill under consideration in the Nortyh Carolina Senate that would hike the sales tax on moviea to7 percent, from 1 percent. “Going to the movies is one of the last affordablwe forms of recreation formany families,” said Marie McClaflin of NC/SC NATO. “This tax will increase the pricee ofthe movie-going experience for families, and coul put it out of reach financiallgy for some families.
” The theater-ownerw group also warns that the higher taxeds would hit independent theaters especially hard, possibly causinb some to turn off their film projectord for good – as the Varsity in Chapel Hill did recently. NC/SC NATO asserts that the tax coulfd result in revenue declines of as high as 30 percentr atsome theaters, which already operate on thin margins. “Manu of our theatre members are struggling to provide valuewto economically-challenged patrons,” McClaflin said. “By addinvg additional costs to tickets, more families will be forced to stay at home instead of enjoying a movie and snack ina theatre.
The result could be more theatres closinvgtheir doors.” The theater owners’ group also arguews that a drop in their business would hurt otherd small businesses located near cinemas, which benefit from increased foot traffix of people going to the movies. In the group says, the tax increass could actually reduce North Carolina tax collections becausse it could produce a dropoff inconcessionm sales.
Wednesday, October 17, 2012
Restaurant distributor COI files Ch. 11 - Nashville Business Journal:
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a Nashville-based foodservice distributor with nearlha half-billion dollars in revenue and customersz such as Shoney's, Ryan's, Applebee's and , has filede for Chapter 11 bankruptcy. Citinbg rising fuel prices and the loss of one of itsbiggestg customers, COI has debts in the $50 to $100 millioh range, including a $2.3 million debt to Ryder Transa Services in La Vergne. Over the last several the company, which has 700 employees and has distributiobn centersin Nashville, Tifton, Ga., and Ripley, W. Va., has startef to reduce the number of restaurantsd it serves tocut costs, according to the filing. Compant officials declined to comment on the CommissaryOperations Inc.
does business as and also manufactures food productds through a second Nashville divisioncalled Chairman's Choicse Foods. According to the bankruptcy filing, COI lost a customedr in March 2007 whose businese had generated 18 percent ofthe company'sz revenues. The company had revenues of $470 millionn in 2007, according to Business Journal research. In late 2007, COI obtainedf a large new account that more than replacex the volume oflost sales, the company had to invest substantial capitak in early 2008 to service the new according to the filing.
Also this year, the company lost severaol million dollars when its customer closed after filing Chapter 7 Bankruptcy Attorney Susan Limor says theres is a ripple effect in the bankruptcy courts when one companyg is dependenton another. "If one customer is a larges portion ofa company's business they become economicallu intertwined with them," Limor says. "The more diverse your custome pool is, the betterf off you are.
" Amy Vinson, a restaurant analyst with Avondales Partners, says food, freight and gas costs are up in the industryh and there is little profit Vinson says regionaldistributors don't have a large enougyh customer base to dilute the particular impactr any one customer can have. "That's wherwe they can get into trouble," Vinsojn says. COI say it was further hurt by risinggas prices. "Th e rise in fuel prices has been very detrimentalo tothe (COI's) profitability," accordint to the filing. The company is asking the court for controlk of its bank accounts to continuwebusiness operations.
a Nashville-based foodservice distributor with nearlha half-billion dollars in revenue and customersz such as Shoney's, Ryan's, Applebee's and , has filede for Chapter 11 bankruptcy. Citinbg rising fuel prices and the loss of one of itsbiggestg customers, COI has debts in the $50 to $100 millioh range, including a $2.3 million debt to Ryder Transa Services in La Vergne. Over the last several the company, which has 700 employees and has distributiobn centersin Nashville, Tifton, Ga., and Ripley, W. Va., has startef to reduce the number of restaurantsd it serves tocut costs, according to the filing. Compant officials declined to comment on the CommissaryOperations Inc.
does business as and also manufactures food productds through a second Nashville divisioncalled Chairman's Choicse Foods. According to the bankruptcy filing, COI lost a customedr in March 2007 whose businese had generated 18 percent ofthe company'sz revenues. The company had revenues of $470 millionn in 2007, according to Business Journal research. In late 2007, COI obtainedf a large new account that more than replacex the volume oflost sales, the company had to invest substantial capitak in early 2008 to service the new according to the filing.
Also this year, the company lost severaol million dollars when its customer closed after filing Chapter 7 Bankruptcy Attorney Susan Limor says theres is a ripple effect in the bankruptcy courts when one companyg is dependenton another. "If one customer is a larges portion ofa company's business they become economicallu intertwined with them," Limor says. "The more diverse your custome pool is, the betterf off you are.
" Amy Vinson, a restaurant analyst with Avondales Partners, says food, freight and gas costs are up in the industryh and there is little profit Vinson says regionaldistributors don't have a large enougyh customer base to dilute the particular impactr any one customer can have. "That's wherwe they can get into trouble," Vinsojn says. COI say it was further hurt by risinggas prices. "Th e rise in fuel prices has been very detrimentalo tothe (COI's) profitability," accordint to the filing. The company is asking the court for controlk of its bank accounts to continuwebusiness operations.
Tuesday, October 16, 2012
Thieves grab Picasso, Monets from Dutch museum in early-hours heist - Washington Post
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ArtLyst | Thieves grab Picasso, Monets from Dutch museum in early-hours heist Washington Post AMSTERDAM รข€" Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potenti » |
Monday, October 15, 2012
Eddie Bauer declares bankruptcy - Pacific Business News (Honolulu):
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Eddie Bauer had strugglecd with itsdebt — a crisis that worsened as revenus dropped, part of an overall trendf affecting most retailers during the recession. The company has lost nearlyh a half billion dollars in the pastthree years. Those losses, coupled with the impacrt of the recession and debt payments apparentlhy pushed the company into bankruptcy court a move that was rumorecdfor months. Eddie Bauer became the latest majo r retailer to succumb to filing in bankruptc courtthis recession. The list also includes Linensa ‘n Things, Circuit City and Northwest retailedr Joe’s Sports & Outdoor, which sold its assetse to a liquidator in April and closedf31 stores.
In many Eddie Bauer’s crisis is not different from what most retaileras are facing during this prolonged and deep saidGreg Charleston, an Atlanta-basedc consultant for Conway MacKenzie who works with financially stressedf retailers looking to Most retailers — except discount stores like Wal-Mart have seen a fast drop-off in retailo revenue across the board, Charleston Many of the specialty retail department stores have seen double-digir same-store sales declines, he said. “Whe revenue drops and same-store sales drop, companies with less debt can weather a downturnmuch longer,” Charleston said.
“It becomes an issue much soonerf if you are intoliquiditgy issues.” As of May 11, Eddie Baue reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millioj in convertible notes, which company executives have been trying to persuade debt-holders to convert into sharesd of the company. According to a filing with the Securitiesa andExchange Commission, Eddie Bauer had totao assets of $525.22 million in The company listed total liabilities of $448.9 Eddie Bauer reported losses of $165.5 million in fiscal year 2008, part of a total of $478.77 million in losses during the past thre e fiscal years.
In the first quartefr that endedin April, the companyg reported net losses of 44.5 For the first quarter of fiscal year 2009, which endefd April 4, Eddie Bauer reported a loss of $44.5 That was a greater loss than the first quarterf of 2008, when the company reported a $19.34 million loss. Sales for the first quarter of 2009were $179.78 million, compared with net saleds of $213.2 million in the firsrt quarter of 2008. The company said that combined comparable store sales a barometer of succes s at the storelevel — fell 11.3 percenr for the first quarter, a decline the company blames on the recession and reduced retaill spending.
Sales were down nearly 15 percentf inEddie Bauer’s retail storees and sales through its direct channel were down nearly 11 The outlet stores saw sale s declined by nearly 76 “The first quarter was a difficult one, as the sharp downturn in the economuy took its toll on our sales. We continue to focus on cost cutting and cashflow management, which helpex mitigate the impact of lower sales,” said CEO Neil in a statement with the first-quarter results filedc with the SEC. It’s unclear what impact bankruptcy mighyt have onEddie Bauer’sz 370 stores, including 251 retail stores and 119 outlet stores in the Unitede States and Canada.
Eddie Bauer has 17 storess in Washington and 11 storesin (See a copy of the bankruptcy filing .) But by filing for reorganization under Chaptedr 11 of the federalo bankruptcy code, Eddie Bauer hopes to avoidc the fate of Joe’s Sports & which filed for bankruptcy protect March 4. The Wilsonvill-based compan had hoped to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’s stores aftefr the company could not find a buyer. Joe’s had 31 Northwest stores thatheld going-out-of-business sales after the company’s assets were snapped up at bargai basement prices by , a liquidator that also sold off merchandisde for Circuit City.
Eddie Bauer had strugglecd with itsdebt — a crisis that worsened as revenus dropped, part of an overall trendf affecting most retailers during the recession. The company has lost nearlyh a half billion dollars in the pastthree years. Those losses, coupled with the impacrt of the recession and debt payments apparentlhy pushed the company into bankruptcy court a move that was rumorecdfor months. Eddie Bauer became the latest majo r retailer to succumb to filing in bankruptc courtthis recession. The list also includes Linensa ‘n Things, Circuit City and Northwest retailedr Joe’s Sports & Outdoor, which sold its assetse to a liquidator in April and closedf31 stores.
In many Eddie Bauer’s crisis is not different from what most retaileras are facing during this prolonged and deep saidGreg Charleston, an Atlanta-basedc consultant for Conway MacKenzie who works with financially stressedf retailers looking to Most retailers — except discount stores like Wal-Mart have seen a fast drop-off in retailo revenue across the board, Charleston Many of the specialty retail department stores have seen double-digir same-store sales declines, he said. “Whe revenue drops and same-store sales drop, companies with less debt can weather a downturnmuch longer,” Charleston said.
“It becomes an issue much soonerf if you are intoliquiditgy issues.” As of May 11, Eddie Baue reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millioj in convertible notes, which company executives have been trying to persuade debt-holders to convert into sharesd of the company. According to a filing with the Securitiesa andExchange Commission, Eddie Bauer had totao assets of $525.22 million in The company listed total liabilities of $448.9 Eddie Bauer reported losses of $165.5 million in fiscal year 2008, part of a total of $478.77 million in losses during the past thre e fiscal years.
In the first quartefr that endedin April, the companyg reported net losses of 44.5 For the first quarter of fiscal year 2009, which endefd April 4, Eddie Bauer reported a loss of $44.5 That was a greater loss than the first quarterf of 2008, when the company reported a $19.34 million loss. Sales for the first quarter of 2009were $179.78 million, compared with net saleds of $213.2 million in the firsrt quarter of 2008. The company said that combined comparable store sales a barometer of succes s at the storelevel — fell 11.3 percenr for the first quarter, a decline the company blames on the recession and reduced retaill spending.
Sales were down nearly 15 percentf inEddie Bauer’s retail storees and sales through its direct channel were down nearly 11 The outlet stores saw sale s declined by nearly 76 “The first quarter was a difficult one, as the sharp downturn in the economuy took its toll on our sales. We continue to focus on cost cutting and cashflow management, which helpex mitigate the impact of lower sales,” said CEO Neil in a statement with the first-quarter results filedc with the SEC. It’s unclear what impact bankruptcy mighyt have onEddie Bauer’sz 370 stores, including 251 retail stores and 119 outlet stores in the Unitede States and Canada.
Eddie Bauer has 17 storess in Washington and 11 storesin (See a copy of the bankruptcy filing .) But by filing for reorganization under Chaptedr 11 of the federalo bankruptcy code, Eddie Bauer hopes to avoidc the fate of Joe’s Sports & which filed for bankruptcy protect March 4. The Wilsonvill-based compan had hoped to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’s stores aftefr the company could not find a buyer. Joe’s had 31 Northwest stores thatheld going-out-of-business sales after the company’s assets were snapped up at bargai basement prices by , a liquidator that also sold off merchandisde for Circuit City.
Saturday, October 13, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Business First of Columbus:
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Kokam’s , to be dubbed Summit Battery would employ an estimated 900 people with average annual salariewsof $40,000. Kokam President Don Nissanka has said he hoped to break ground before the end of the probably at a site of more than 40 acresd in the vicinityof Kokam’s current 50,000-square-foot Lee’s Summit plant. Nissankza was out of the country Monda yand couldn’t be reached for comment. a startup founded in Octobe 2005, burst into the limelight this picked Kansas City for an assembly facility largely becauseof Kokam’z proximity.
And with federal stimulus dollarx and state moneyseeking advanced-battery-makers, a joint ventured involving Kokam landed a commitment in Apri l of nearly $145 million in incentivess from Michigan to build a batteryu plant there that’s similar to the one planned The group also applied for federal stimulusw money. Schaefer, R-Columbia, sent a letter to Nixon on Thursdayt proposing that financing be cutby $11.5 millio n combined for Kokam’s Lee’s Summit plant and another battery planrt in Joplin to help preserve $31.2 million in financinyg for the in Columbia, which Schaefer calles the cornerstone of a $200 million hospita l project.
“Every indication that I’mn getting is that (Nixon) intends to veto the money forthe hospital,” Schaeferf said, adding that Nixon’s veto probably would kill the entire $200 million project. “Spending publif funds on a cancerr hospital owned by the citizens of Missour is always going to win out over givinh public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amountt wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holst e said the governor will have an announcement about the budgert bill before June 30, the end of Missouri’e fiscal year.
Nixon and his staff have been reviewing the budgetbill “line by line to determine what the state can Holste said, and they want to keep central service s in place. Jim CEO of the l, said he thought Schaefer’s proposalo was “not as a threat as the EDC first “but you never know in politics.” The EDC issuedc a release Friday encouraging Nixoj to keep theKokam plant’ds financing fully in place.
Kokam’s , to be dubbed Summit Battery would employ an estimated 900 people with average annual salariewsof $40,000. Kokam President Don Nissanka has said he hoped to break ground before the end of the probably at a site of more than 40 acresd in the vicinityof Kokam’s current 50,000-square-foot Lee’s Summit plant. Nissankza was out of the country Monda yand couldn’t be reached for comment. a startup founded in Octobe 2005, burst into the limelight this picked Kansas City for an assembly facility largely becauseof Kokam’z proximity.
And with federal stimulus dollarx and state moneyseeking advanced-battery-makers, a joint ventured involving Kokam landed a commitment in Apri l of nearly $145 million in incentivess from Michigan to build a batteryu plant there that’s similar to the one planned The group also applied for federal stimulusw money. Schaefer, R-Columbia, sent a letter to Nixon on Thursdayt proposing that financing be cutby $11.5 millio n combined for Kokam’s Lee’s Summit plant and another battery planrt in Joplin to help preserve $31.2 million in financinyg for the in Columbia, which Schaefer calles the cornerstone of a $200 million hospita l project.
“Every indication that I’mn getting is that (Nixon) intends to veto the money forthe hospital,” Schaeferf said, adding that Nixon’s veto probably would kill the entire $200 million project. “Spending publif funds on a cancerr hospital owned by the citizens of Missour is always going to win out over givinh public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amountt wouldkill (Kokam’s Lee’s Summit) Nixon spokesman Scott Holst e said the governor will have an announcement about the budgert bill before June 30, the end of Missouri’e fiscal year.
Nixon and his staff have been reviewing the budgetbill “line by line to determine what the state can Holste said, and they want to keep central service s in place. Jim CEO of the l, said he thought Schaefer’s proposalo was “not as a threat as the EDC first “but you never know in politics.” The EDC issuedc a release Friday encouraging Nixoj to keep theKokam plant’ds financing fully in place.
Friday, October 12, 2012
Fred Weber wins $4M Mississippi River Bridge contract - St. Louis Business Journal:
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awarded Fred Weber a $4.44 million contract Wednesday to removew and replace the Madison Streeytand St. Louis Avenure bridges over Interstate 70 indowntown St. Louis. The majority of work on this project will startt afterHighway 40/Interstate 64 reopens between Kingshighwauy and Interstate 170. Crews will remove the St. Louis Avenus bridge first and then remove and replac the MadisonStreet bridge. Durinv work to remove the MadisonStreett bridge, crews will also remove the Cass Avenue bridgd in preparation for replacing that bridge later in 2010. This work is part of preliminary work on a new Mississippi river which is expected to reduce congestioj on the PoplarStreet Bridge.
Marylaned Heights, Mo.-based Fred Webedr is one of the largesy privately held companiesin St. Louis with $353.3w million in revenue in 2008. The commercial constructionh firm is also working onthe $245 milliomn reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins statw park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwag 40/Interstate 64.
awarded Fred Weber a $4.44 million contract Wednesday to removew and replace the Madison Streeytand St. Louis Avenure bridges over Interstate 70 indowntown St. Louis. The majority of work on this project will startt afterHighway 40/Interstate 64 reopens between Kingshighwauy and Interstate 170. Crews will remove the St. Louis Avenus bridge first and then remove and replac the MadisonStreet bridge. Durinv work to remove the MadisonStreett bridge, crews will also remove the Cass Avenue bridgd in preparation for replacing that bridge later in 2010. This work is part of preliminary work on a new Mississippi river which is expected to reduce congestioj on the PoplarStreet Bridge.
Marylaned Heights, Mo.-based Fred Webedr is one of the largesy privately held companiesin St. Louis with $353.3w million in revenue in 2008. The commercial constructionh firm is also working onthe $245 milliomn reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins statw park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwag 40/Interstate 64.
Wednesday, October 10, 2012
Final Glance: Leisure companies - CBS News
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Final Glance: Leisure companies CBS News NEW YORK รข€" Shares of some top leisure companies were down at the close of trading: Carnival fell $.25 or .7 percent, to $36.63. Las Vegas Sands Corp. fell $.62 or 1.4 percent, to $43.09. MGM Resorts International fell $.28 or 2.7 percent, to $10.17. |
Tuesday, October 9, 2012
Presumption of Innocence Cardinal - AllAfrica.com
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Presumption of Innocence Cardinal AllAfrica.com ALL accused persons, regardless of their station in life, ought to be presumed innocent until unimpeachable evidence is adduced against them to prove their guilt. This cardinal principle is enshrined in the Republican Constitution which overrides all ... |
Monday, October 8, 2012
ArcelorMittal plant in Liege threatened with closure - Reuters
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ArcelorMittal plant in Liege threatened with closure Reuters The company said that the temporary stoppage of the liquid phase cost more than 5 million euros per month and that ArcelorMittal Liege had made an operating loss of 427 million euros over the past four quarters. ($1 = 0.7606 euros) (Reporting By Philip ... |
Saturday, October 6, 2012
House Speaker Boehner boosts Collins in WNY visit - Buffalo News
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Politico | House Speaker Boehner boosts Collins in WNY visit Buffalo News The economy won't improve unless candidates with private-sector experience like Chris Collins and Mitt Romney win election next month, House Speaker John A. Boehner said Saturday at a Republican r » |
Friday, October 5, 2012
FCC database leaves out key swing state ads - Politico (blog)
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FCC database leaves out key swing state ads Politico (blog) 10/4/12 4:45 PM EDT. The Federal Communications Commission launched its online database of political ads this year, but in a handful of key swing states the site doesn't provide any data at all. The Sunlight Foundation has more on what states are ... |
Thursday, October 4, 2012
A different kind of health test - South Florida Business Journal:
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The president of Mich.-based Weyco told a South Floridw audience how he tests his staff for tobaccl use with the promise that repeat violators wouldsbe fired. He required employees and spouses to getannualo physicals, eye and dental exams, plus twice-a-yearr physical fitness tests that include running on a Otherwise, they must pay a highed health insurance premium. Employees and spouses are givenb a health report card and on ways to improve their health status or stay To help them meetthese goals, Weyersa put a fitness center in his office, rid the vendinv machines of junk food and only allows food delivererd to the office on Fridays.
Whilee not all companies are so aggressive, businesses nationwide are finding ways to motivate employeese to improve their health to save on claimsa downthe road. "People say, 'Thids guy is a Weyers told the human resources experts attending the Florida HealthCare Coalition's Aug. 15 summit in "But I get along with my employeea great. You need to coacuh employees on health like you do incustomer service, qualityy and safety.
" Weyco, a unit of that handles health claims for self-insured also offers some carrots along with the When employees use preventive services or meet theirt health goals - such as losinfg weight or completing health classes - the company deposits moneuy into their health savings All of this is but Weyers views it as a long-terjm investment in his employees. "I ask employers: 'Hoaw do you look at the lifestyle decisione of employees that effect your bottom line andthe salaries?'" Weyers said. Health costs have continuer to increase faster than inflationand salaries.
This has forcef more companies to drop reduce benefits or shift costs to Some human resources experts believe that these methodss of dealing with cost increasesare counter-productive. The best way to stem the risinb cost ofhealth care, they argue, is to preventt illness. "The model of health care in this countryu is to find a problem andhit it, ratherd than prevention," said Roberf Hays, director of the health administration program at . "The big questiojn is changing lifestyles acrossthe board.
We aren't very good at Susan Pantely, a principal with , a Seattle-based health care consultinbg firm, said employers are paying a largd amount of their claims because of employees withunhealthhy lifestyles. Being overweight or obesd - a condition of 64 percenr and 29 percent of employees and respectively - is a contributodr to increased health risk. Pantelgy said one-third of employees and spousess have metabolicsyndrome (the combination of factors such as a largse waistline, pre-diabetic signs and troubling levelws of triglycerides, cholesterol and blood pressure).
health costs are 48 percent higher for employees with obesity and metabolicf syndrome when compared to other said Pantely, who called them "ticking time bombs." Plus, thesse workers are more likely to miss time and not be she added. The irony is that most health benefits cover the costluy surgeries and drugs that resul t fromthese conditions, but not the much-less-expensive wellness care that coulfd have prevented them, Pantely Adding an obesity management program typically costw 75 cents per member each she said.
Smoking cessation is 45 cent per member, while covering behavior therapy for obesity costs less than 30 cents a member andcovering weight-loss drugs is 3 centsx a member. Offering gym memberships is also Pantely said. "If we got doctorsw to write a prescription for they would bebetter off," she said. Healthb plans in South Florida are boostingv their wellness offerings and getting In January, Hollywood-based rolled out a program for its 10 largestg employers that included free gym memberships and free access to a health information Web site and online healtbh counselor for employees who get health risk assessments. There were 65,000 Vista members eligible forthese programs.
Ten percent used the Web site and 5.4 percentg used the gym, the company said. By monitoring members who use theses programs, it found they are losing weight and lowering theitblood pressure, said Cathy Aguirre, Vista's VP of account The company is waiting to see the financial resultsx before deciding whether to expand it to other members, she said. For now, the challenge is getting the most at-risk people to
The president of Mich.-based Weyco told a South Floridw audience how he tests his staff for tobaccl use with the promise that repeat violators wouldsbe fired. He required employees and spouses to getannualo physicals, eye and dental exams, plus twice-a-yearr physical fitness tests that include running on a Otherwise, they must pay a highed health insurance premium. Employees and spouses are givenb a health report card and on ways to improve their health status or stay To help them meetthese goals, Weyersa put a fitness center in his office, rid the vendinv machines of junk food and only allows food delivererd to the office on Fridays.
Whilee not all companies are so aggressive, businesses nationwide are finding ways to motivate employeese to improve their health to save on claimsa downthe road. "People say, 'Thids guy is a Weyers told the human resources experts attending the Florida HealthCare Coalition's Aug. 15 summit in "But I get along with my employeea great. You need to coacuh employees on health like you do incustomer service, qualityy and safety.
" Weyco, a unit of that handles health claims for self-insured also offers some carrots along with the When employees use preventive services or meet theirt health goals - such as losinfg weight or completing health classes - the company deposits moneuy into their health savings All of this is but Weyers views it as a long-terjm investment in his employees. "I ask employers: 'Hoaw do you look at the lifestyle decisione of employees that effect your bottom line andthe salaries?'" Weyers said. Health costs have continuer to increase faster than inflationand salaries.
This has forcef more companies to drop reduce benefits or shift costs to Some human resources experts believe that these methodss of dealing with cost increasesare counter-productive. The best way to stem the risinb cost ofhealth care, they argue, is to preventt illness. "The model of health care in this countryu is to find a problem andhit it, ratherd than prevention," said Roberf Hays, director of the health administration program at . "The big questiojn is changing lifestyles acrossthe board.
We aren't very good at Susan Pantely, a principal with , a Seattle-based health care consultinbg firm, said employers are paying a largd amount of their claims because of employees withunhealthhy lifestyles. Being overweight or obesd - a condition of 64 percenr and 29 percent of employees and respectively - is a contributodr to increased health risk. Pantelgy said one-third of employees and spousess have metabolicsyndrome (the combination of factors such as a largse waistline, pre-diabetic signs and troubling levelws of triglycerides, cholesterol and blood pressure).
health costs are 48 percent higher for employees with obesity and metabolicf syndrome when compared to other said Pantely, who called them "ticking time bombs." Plus, thesse workers are more likely to miss time and not be she added. The irony is that most health benefits cover the costluy surgeries and drugs that resul t fromthese conditions, but not the much-less-expensive wellness care that coulfd have prevented them, Pantely Adding an obesity management program typically costw 75 cents per member each she said.
Smoking cessation is 45 cent per member, while covering behavior therapy for obesity costs less than 30 cents a member andcovering weight-loss drugs is 3 centsx a member. Offering gym memberships is also Pantely said. "If we got doctorsw to write a prescription for they would bebetter off," she said. Healthb plans in South Florida are boostingv their wellness offerings and getting In January, Hollywood-based rolled out a program for its 10 largestg employers that included free gym memberships and free access to a health information Web site and online healtbh counselor for employees who get health risk assessments. There were 65,000 Vista members eligible forthese programs.
Ten percent used the Web site and 5.4 percentg used the gym, the company said. By monitoring members who use theses programs, it found they are losing weight and lowering theitblood pressure, said Cathy Aguirre, Vista's VP of account The company is waiting to see the financial resultsx before deciding whether to expand it to other members, she said. For now, the challenge is getting the most at-risk people to
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