vypybiza.wordpress.com
Market research conducted as part of a possible relocationb of the to Canada showsa the Cardinals and National Footballo League catapulting in popularit among local sports Canadian billionaire Jim Balsillie wants to buy the Coyotesfor $213 milliojn and move the team to Ontario. His relocation plan submitted to the National Hockey League includes market the The surveys, conducted in late May for Balsillie by Hotspex show the Cardinals gaining favodr in a Phoenix sports market traditionally dominates by the and . One survey looked at the overall appeall among fans forthe region’e four major sports teams.
The Cardinals garnered 53 percentsuppor — equal to the Diamondbacks and just behind the 54 percent mark receivec by the Phoenix Suns. The Coyotes came in at 29 The survey did not say how many fans were The survey also found that football is the most popular sporf in the Phoenix area with 53 percenty of residents following the NFL on aregulae basis. Major League Baseball was secone at 45 percent followed by the National Basketbalk Association at 44 percent and National Hockey Leagu at 20 percentof Phoenix, according to the surveg and Balsillie’s application to move the team. The Cardinals and NFL also did the best when it comex to consumers choice of sportsto attend.
Fifty-seven percent of thos surveyed showed a strong desire to attend an NFL That compares to 51 percent who strongly wanterd to see a Major LeagueBasebalo game, 46 percent an NBA game and 30 percentr for hockey. The Cardinals traditionallyy have been a doormat both in the NFL and the Phoenix sportd market wherethe D-Backs and Suns have made multipls playoff appearances. The Cards, which moved to University of Phoenix Stadium in 2006, had not hosted a home playoff game sinc 1947 and team owners the Bidwill family were unpopulad among local fans.
But the Cardinalsa playoff winslast season, a National Football Conference championshiop and last-second Super Bowl loss pushed them higher in a markeft struggling with cuts in consumer The Cardinals playoff success also compares with this season’ failures by Suns and Coyotes to make their playoffsx and a slow 2009 seasonb start by the
пятница, 30 декабря 2011 г.
среда, 28 декабря 2011 г.
La Madeleine chooses new HQ site in Dallas - The Business Journal of Milwaukee:
tower-tennesseea.blogspot.com
La Madeleine said it will relocateinto 17,000 square feet at 12201 Merit Drive in Dallas. The buildingt that will house the restaurant chaih is a Class A building that just recentlgunderwent renovation. Le Madeleine signed a 10-yead lease with Parmenter Two Forest LP for the La Madeleine said it was attracted to the space becausr the facility provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigj the interior space. The facility is scheduled to be readhy for its new tenantsin mid-July. La Madeleine's currentf headquarters is at 6688 N. Central Exwy, Ste. 700 in Dallas.
La Madeleinr was represented by Josh senior vice presidentwith ; and Sharron Morrison, principal with The landlord was represented by Matt vice president with .
La Madeleine said it will relocateinto 17,000 square feet at 12201 Merit Drive in Dallas. The buildingt that will house the restaurant chaih is a Class A building that just recentlgunderwent renovation. Le Madeleine signed a 10-yead lease with Parmenter Two Forest LP for the La Madeleine said it was attracted to the space becausr the facility provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigj the interior space. The facility is scheduled to be readhy for its new tenantsin mid-July. La Madeleine's currentf headquarters is at 6688 N. Central Exwy, Ste. 700 in Dallas.
La Madeleinr was represented by Josh senior vice presidentwith ; and Sharron Morrison, principal with The landlord was represented by Matt vice president with .
понедельник, 26 декабря 2011 г.
Ed Mathwig: Walker administration rules go too far - La Crosse Tribune
ishinlyuboqemija.blogspot.com
Ed Mathwig: Walker administration rules go too far La Crosse Tribune The first amendment of the US Constitution explicitly provides all citizens the right to peaceably assemble. It would seem that Secretary of the Department of Administration Mike Huebsch and the administration of Gov. Scott Walker are taking exception ... |
суббота, 24 декабря 2011 г.
PerkinElmer names O'Hara its chief lawyer - San Francisco Business Times:
mcfarlainofuqub1258.blogspot.com
O'Hara spent 11 years at the NewYork City-based Avon AVP) , most recently as associate generak counsel. During her time at the consume r beautyproducts company, O'Hara worked on worldwide lega and regulatory compliance, corporate finance and corporate governance "We are very pleased to have Katherine join the senior leadershipo team", said PerkinElmer chairman and CEO Gregorhy L. Summe in a statement. "She brings broad internationakl experience in regulatory and compliance including an excellent background in SEC and FDA regulationzs and generalcorporate law.
" In the Wellesley-based PerkinElmer (NYSE: PKI) acquired German-basesd light-emitting diode manufacturer for $15 milliom and possible future co-payments depending on business performance. The 10,000-employee PerkinElmer reportes 2004 revenueof $1.7 billion.
O'Hara spent 11 years at the NewYork City-based Avon AVP) , most recently as associate generak counsel. During her time at the consume r beautyproducts company, O'Hara worked on worldwide lega and regulatory compliance, corporate finance and corporate governance "We are very pleased to have Katherine join the senior leadershipo team", said PerkinElmer chairman and CEO Gregorhy L. Summe in a statement. "She brings broad internationakl experience in regulatory and compliance including an excellent background in SEC and FDA regulationzs and generalcorporate law.
" In the Wellesley-based PerkinElmer (NYSE: PKI) acquired German-basesd light-emitting diode manufacturer for $15 milliom and possible future co-payments depending on business performance. The 10,000-employee PerkinElmer reportes 2004 revenueof $1.7 billion.
среда, 21 декабря 2011 г.
PDL BioPharma forecasts 5 pct 4Q revenue drop - BusinessWeek
vadimsudigrenev.blogspot.com
PDL BioPharma forecasts 5 pct 4Q revenue drop BusinessWeek PDL BioPharma expects fourth quarter revenue to f » |
понедельник, 19 декабря 2011 г.
Call Senate back and pass a workable payroll tax deal - Washington Examiner
doqujamup.wordpress.com
Washington Examiner | Call Senate back and pass a workable payroll tax deal Washington Examiner AP Photo, NBC News, William B. Plowman In this Sunday, Dec. 18, 2011, photo provided by NBC News, Speaker of the House, Rep. John Boehner, R-Ohio, appears on NBC's "Meet the Press" in Washington. House Republicans said Sunday they oppose a bipartisan, ... |
суббота, 17 декабря 2011 г.
Electratherm, Inc. Company Profile | Company Information
vuwodu.wordpress.com
ElectraTherm, Inc. delivers renewable energy solutions for asustainable future, now. Each day in the United States, thousands of companies burn fossil fuelse and use heat formanufacturing processes. The U.S. Department of Energu reports that available wastde heat sources exceed the current production of allother U.S. renewable power sources combined - sevejn quadrillion BTU. ElectraTherm has pioneered technologhy to capture readily available waste heat togeneratse fuel-free, emissions-free energy.
Building on the innovative processexs that earned him the IHRA world ElectraTherm CEO Richard Langson developex and patented specialized systems that resultedc in these revolutionary clean energy After four years of research and ElectraTherm incorporated in Carson Nevadain 2005. In addition to Waste Heat ElectraTherm's Gas Pressure Reduction Generators serve the oil and gas industryt by recovering energy contained in pressurwe drops throughout the gas transmissio n anddistribution systems. These systems can also produce 25 kWto 1.5 MW of emission-free electricity.
ElectraTherm, Inc. delivers renewable energy solutions for asustainable future, now. Each day in the United States, thousands of companies burn fossil fuelse and use heat formanufacturing processes. The U.S. Department of Energu reports that available wastde heat sources exceed the current production of allother U.S. renewable power sources combined - sevejn quadrillion BTU. ElectraTherm has pioneered technologhy to capture readily available waste heat togeneratse fuel-free, emissions-free energy.
Building on the innovative processexs that earned him the IHRA world ElectraTherm CEO Richard Langson developex and patented specialized systems that resultedc in these revolutionary clean energy After four years of research and ElectraTherm incorporated in Carson Nevadain 2005. In addition to Waste Heat ElectraTherm's Gas Pressure Reduction Generators serve the oil and gas industryt by recovering energy contained in pressurwe drops throughout the gas transmissio n anddistribution systems. These systems can also produce 25 kWto 1.5 MW of emission-free electricity.
четверг, 15 декабря 2011 г.
My dinner with Kim Kardashian - CBS Moneywatch
vilyfijohy.wordpress.com
My dinner with Kim Kardashian CBS Moneywatch Of course, to be fair, they say the camera adds 10 pounds, and since I had "dinner" with Kim Kardashian as I sat at a hotel bar while she talked on one of those Hollywood expose TV programs that I was watching on the set next to the liquor ... |
вторник, 13 декабря 2011 г.
Biotech startups feast at ancestors
iqukikofor.wordpress.com
As life sciences companies closed orpare operations, startups are finding high-priced equipmenr — in like-new condition — for pennies on the For $30,000 — and, sometimes, the promisew to scrub the floor behind them — Omnios Inc. has picked up $1.5 millio n worth of equipment from dead or dying biotechs that simply wantedf toquickly off-load everything from a little-used centrifuge to protein purifiers. The savings are significant fora five-month-old company funded by friends, family and a federalo grant of $250,000. “It’s the miraclde of the downturn,” said Omniocx founder Stephen Cary .
Several Bay Area biotech companie s have closed their doors or cut down to programs that quickly produce cash in the form of partnerships or amarketablse product. That’s mixed smart, out-of-work people and the availabilitgy of cheap equipment with a new frugality caused by a dearthof financing. “It’s an explosive said Douglas Crawford, who works with several startup biotechx atthe , or QB3. “Entrepreneurs are a scrappgy lot.” There’s been an uptick in biotech auctionws nationally over the past six saidDon Cowan, president of LLC, a company that specializes in auctioning equipment from life semiconductor and other companies.
Sellers are recoverintg 10 to 50 cents on the dollar much more than duringthe dot-com retreat, Cowan But unlike the dot-con bust — when Aeron chairs and recreational equipment dominated auction floors — the focusw of life sciences auctions is scientific gear. “Youi rarely see a Ping Pong table, a pool table or a Foosbalol table,” Cowan said. The competition is increasinglt intense, said Omniox COO SallyAnn Reiss, to the poinft that she slappedpreprinted “Propert of Omniox” labels on equipment as she walked throughb labs and negotiated deals.
At QB3’s Garage biotech incubatort at the Mission Bay campus ofthe , San Franciscpo — where Omniox rents 130 square feet amonvg other startups — the hallway is linedd with the booty of Omniox’s bargain The company is sharing a large deep freezer that it bough for $500 (brand-new price: $25,000) with another Garage “We spent two to three cents on the dollar for the Cary said. “That allowe d us to do the science.” A recessiojn is a great time to start a said Brook Byers of venture capitalfirm . “Lab space is available.
Everything is negotiable,” he “By the time these companies have acommercial product, in threre to five years, we’re going to be in a differenft economy,” Byers said.
As life sciences companies closed orpare operations, startups are finding high-priced equipmenr — in like-new condition — for pennies on the For $30,000 — and, sometimes, the promisew to scrub the floor behind them — Omnios Inc. has picked up $1.5 millio n worth of equipment from dead or dying biotechs that simply wantedf toquickly off-load everything from a little-used centrifuge to protein purifiers. The savings are significant fora five-month-old company funded by friends, family and a federalo grant of $250,000. “It’s the miraclde of the downturn,” said Omniocx founder Stephen Cary .
Several Bay Area biotech companie s have closed their doors or cut down to programs that quickly produce cash in the form of partnerships or amarketablse product. That’s mixed smart, out-of-work people and the availabilitgy of cheap equipment with a new frugality caused by a dearthof financing. “It’s an explosive said Douglas Crawford, who works with several startup biotechx atthe , or QB3. “Entrepreneurs are a scrappgy lot.” There’s been an uptick in biotech auctionws nationally over the past six saidDon Cowan, president of LLC, a company that specializes in auctioning equipment from life semiconductor and other companies.
Sellers are recoverintg 10 to 50 cents on the dollar much more than duringthe dot-com retreat, Cowan But unlike the dot-con bust — when Aeron chairs and recreational equipment dominated auction floors — the focusw of life sciences auctions is scientific gear. “Youi rarely see a Ping Pong table, a pool table or a Foosbalol table,” Cowan said. The competition is increasinglt intense, said Omniox COO SallyAnn Reiss, to the poinft that she slappedpreprinted “Propert of Omniox” labels on equipment as she walked throughb labs and negotiated deals.
At QB3’s Garage biotech incubatort at the Mission Bay campus ofthe , San Franciscpo — where Omniox rents 130 square feet amonvg other startups — the hallway is linedd with the booty of Omniox’s bargain The company is sharing a large deep freezer that it bough for $500 (brand-new price: $25,000) with another Garage “We spent two to three cents on the dollar for the Cary said. “That allowe d us to do the science.” A recessiojn is a great time to start a said Brook Byers of venture capitalfirm . “Lab space is available.
Everything is negotiable,” he “By the time these companies have acommercial product, in threre to five years, we’re going to be in a differenft economy,” Byers said.
воскресенье, 11 декабря 2011 г.
четверг, 8 декабря 2011 г.
Boeing to acquire eXMeritus - Atlanta Business Chronicle:
xoqylyjibo.wordpress.com
which sells secure hardward and software to the government and lawenforcement organizations, for an undiscloseds sum. Executives at Boeing BA) say the purchase will help extend its abilityh to serve the federal cyber security andintelligencs markets. “The addition of eXMeritus to our team is a strony enhancement to the Boeing capabilities developed througj years of experience on secure networksw for some of the most comple x systems in nationalsecurity today,” said Boeiny Integrated Defense Systems President and CEO Jim Fairfax-based eXMeritus is the fourth compang that Boeing will add to its security- and intelligence-related lines of businessx since 2008.
Last year Boeing acquirecd Germantown, Md.-based Digital Receiver Technology, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewer than 30 employeexsto Boeing’s Integrated Defense Systems’ Network and Space Systems unit. The company’as products are certified and accredited bythe U.S. government to operate on the government’zs trusted systems. Boeing said the transaction, expected to closde by the endof June, won’ft affect Boeing’s financial guidance. Boeing’s Integrated Defense Systems unit, headquartered in St. Louis, is a $32 billion business with 70,000 employees worldwide.
which sells secure hardward and software to the government and lawenforcement organizations, for an undiscloseds sum. Executives at Boeing BA) say the purchase will help extend its abilityh to serve the federal cyber security andintelligencs markets. “The addition of eXMeritus to our team is a strony enhancement to the Boeing capabilities developed througj years of experience on secure networksw for some of the most comple x systems in nationalsecurity today,” said Boeiny Integrated Defense Systems President and CEO Jim Fairfax-based eXMeritus is the fourth compang that Boeing will add to its security- and intelligence-related lines of businessx since 2008.
Last year Boeing acquirecd Germantown, Md.-based Digital Receiver Technology, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewer than 30 employeexsto Boeing’s Integrated Defense Systems’ Network and Space Systems unit. The company’as products are certified and accredited bythe U.S. government to operate on the government’zs trusted systems. Boeing said the transaction, expected to closde by the endof June, won’ft affect Boeing’s financial guidance. Boeing’s Integrated Defense Systems unit, headquartered in St. Louis, is a $32 billion business with 70,000 employees worldwide.
вторник, 6 декабря 2011 г.
Nautical-Themed Jeep Wrangler Unlimiteds Make Splash at 2011 Paris Boat Show - Inside Line
qalymeled.wordpress.com
Carscoop (blog) | Nautical-Themed Jeep Wrangler Unlimiteds Make Splash at 2011 Paris Boat Show Inside Line Two nautical-themed Wrangler Unlimited concepts, inspired by sailboats and yachts, debuted. While the two are cosmetic treatments, they underscore Chrysler's aim to take the Jeep brand upmarket. PARIS â€" A pair of nautical-themed Jeep Wrangler ... < br />The Jeep Wrangler Unlimited Gets Nautical Jeep Presents a Pair of Nautical Themed Wranglers at the Salon Nautique de Paris Jeep shows Wrangler Nautic concepts in Paris |
воскресенье, 4 декабря 2011 г.
Sony: 'PSP confused people. Vita is primarily a gaming device' - Computerandvideogames.com
houghtalingbaemo1268.blogspot.com
Gaming Union | Sony: 'PSP confused people. Vita is primarily a gaming device' Computerandvideogames.com SCEE president Jim Ryan's discussed Sony's marketing failings with the PSP, and promised that Vita will be positioned primarily as a gaming device. Speaking to our colleagues at Official PlayStation Magazine UK, Ryan didn 9;t pull any punches when ... Sony Positioning Vita as Primarily a Gaming Device, Plans to Avoid Confusion ... Sony: PS Vita Primarily A Gaming Device Sony: PlayStation Vita Is Primarily A Gaming Device |
пятница, 2 декабря 2011 г.
Warren Buffett sells remaining Constellation shares - Atlanta Business Chronicle:
alharkaenu.blogspot.com
Buffett, his company (NYSE: BRK.B), and that company’a subsidiary , are each no longer stockholders inConstellatiob (NYSE: CEG), according to a form with the Securities and Exchanger Commission filed Monday. They have been slowly divesting the stock over the past weeksand months, owningb 7.3 percent in February and 6.3 percent last The sale ends the relationshilp between the investor and Constellation, one of two Fortune 500 companiee in Baltimore City. Iowa-based MidAmerican got a 10 percenyt stake in Constellation whenits $4.7 billion bid for the company made in September was rejected three months late.
That offer came aftere a cash crunch led to a steep declinin Constellation’s stock price over several days and some investords feared bankruptcy. Constellation spurned the offee in favor of a deal tosell 49.99 percentf of its nuclear business for $4.5 billioj to French firm , which had also been in the biddinhg for the company in For the cancelation, Constellation had to pay $175 millionm in breakup fees and $418 milliohn for stocks. It also had to repay a $1 billion loan from Buffett with 14percent interest.
A decisioh on whether the deal with EDF requirea Maryland approval is expected in a The deal is expected to closethis
Buffett, his company (NYSE: BRK.B), and that company’a subsidiary , are each no longer stockholders inConstellatiob (NYSE: CEG), according to a form with the Securities and Exchanger Commission filed Monday. They have been slowly divesting the stock over the past weeksand months, owningb 7.3 percent in February and 6.3 percent last The sale ends the relationshilp between the investor and Constellation, one of two Fortune 500 companiee in Baltimore City. Iowa-based MidAmerican got a 10 percenyt stake in Constellation whenits $4.7 billion bid for the company made in September was rejected three months late.
That offer came aftere a cash crunch led to a steep declinin Constellation’s stock price over several days and some investords feared bankruptcy. Constellation spurned the offee in favor of a deal tosell 49.99 percentf of its nuclear business for $4.5 billioj to French firm , which had also been in the biddinhg for the company in For the cancelation, Constellation had to pay $175 millionm in breakup fees and $418 milliohn for stocks. It also had to repay a $1 billion loan from Buffett with 14percent interest.
A decisioh on whether the deal with EDF requirea Maryland approval is expected in a The deal is expected to closethis
среда, 30 ноября 2011 г.
воскресенье, 27 ноября 2011 г.
Free buses bring Chapel Hill livability award - Pittsburgh Business Times:
wilhelminadora4287.blogspot.com
The home of the , Chapek Hill beat out more than 200 municipalities across the nation to claimka first-place City Livability Award. Chapel Hill won for citiesx with populations of fewerdthan 100,000. Charleston, S.C., won for cities with population of morethan 100,000. The contesft was judged on three criteria: mayoralk leadership, creativity and innovation, and the broad impacty on the quality of life for The U.S. Conference of Mayors honoreed Chapel Hill for its decision in 2002 to no longe r charge fares to any rider on itsbus system, the organization said in a presss release.
While many bus systems in colleg etowns don’t charge students and faculty to a scant few provid e free service to all The town implemented the fare-frer system to encourage people to take the bus and leave their cars at home. The plan worked. Ridershilp on Chapel Hill transit has more than doublecd since fares wereeliminatex – going from 3 milliobn in 2002 to a projected 7 million this year. “The Chapel Hill Public Transirt system is the foundation of our sustainable Foy said in apress release.
“This bus systekm makes Chapel Hill continue to be the kind of placwepeople love; for us it is an investment and it has paid off big The town says it is planning a “community event” to celebrate the livability award and that it will releasre details soon.
The home of the , Chapek Hill beat out more than 200 municipalities across the nation to claimka first-place City Livability Award. Chapel Hill won for citiesx with populations of fewerdthan 100,000. Charleston, S.C., won for cities with population of morethan 100,000. The contesft was judged on three criteria: mayoralk leadership, creativity and innovation, and the broad impacty on the quality of life for The U.S. Conference of Mayors honoreed Chapel Hill for its decision in 2002 to no longe r charge fares to any rider on itsbus system, the organization said in a presss release.
While many bus systems in colleg etowns don’t charge students and faculty to a scant few provid e free service to all The town implemented the fare-frer system to encourage people to take the bus and leave their cars at home. The plan worked. Ridershilp on Chapel Hill transit has more than doublecd since fares wereeliminatex – going from 3 milliobn in 2002 to a projected 7 million this year. “The Chapel Hill Public Transirt system is the foundation of our sustainable Foy said in apress release.
“This bus systekm makes Chapel Hill continue to be the kind of placwepeople love; for us it is an investment and it has paid off big The town says it is planning a “community event” to celebrate the livability award and that it will releasre details soon.
пятница, 25 ноября 2011 г.
Stanford Medical School nets $6.9M in federal stimulus funding - San Francisco Business Times:
opexibu.wordpress.com
million in federal economic stimulus Eleven of the newly funded projects hadbeen peer-reviewed and approvec but hadn’t received moneyy yet. Another six involved supplemental grantz toexisting projects. And in one the NIH awarded $500,000 to a researcher to buy two photonh microscopes that will be shared withotherd laboratories. These projects are the firsyt at the medical school to receive support under theObamz administration’s national stimulus plan, with additionao grants expected down the officials said. “This is a lifesaver,” said Francizs Blankenberg, M.D., associate professor of radiology and of whoreceived $655,000 in stimulus funds.
“It reallt stabilizes the lab.” Philip Pizzo, M.D., dean of the Schoolk of Medicine, said the stimulus funding is criticalo tothe country’s health-care reform efforg because of the linkage between research and medicalp care. “After six years of NIH fundintg that constantly lost its valuee againstinflation — with a profoundly negativee impact on our nation’s prizexd biomedical research enterprise — the stimulus fundint is helping to take research off life support and breathe new hope for work that we hope will ultimatelyh improve the lives of adultx and children,” Pizzo said in the June 16 statement.
million in federal economic stimulus Eleven of the newly funded projects hadbeen peer-reviewed and approvec but hadn’t received moneyy yet. Another six involved supplemental grantz toexisting projects. And in one the NIH awarded $500,000 to a researcher to buy two photonh microscopes that will be shared withotherd laboratories. These projects are the firsyt at the medical school to receive support under theObamz administration’s national stimulus plan, with additionao grants expected down the officials said. “This is a lifesaver,” said Francizs Blankenberg, M.D., associate professor of radiology and of whoreceived $655,000 in stimulus funds.
“It reallt stabilizes the lab.” Philip Pizzo, M.D., dean of the Schoolk of Medicine, said the stimulus funding is criticalo tothe country’s health-care reform efforg because of the linkage between research and medicalp care. “After six years of NIH fundintg that constantly lost its valuee againstinflation — with a profoundly negativee impact on our nation’s prizexd biomedical research enterprise — the stimulus fundint is helping to take research off life support and breathe new hope for work that we hope will ultimatelyh improve the lives of adultx and children,” Pizzo said in the June 16 statement.
среда, 23 ноября 2011 г.
Sec. of Revenue clarifies historic tax credits - Wichita Business Journal:
iwyqaxewun.wordpress.com
But Wichita developer Dave Burk says newguidelinesx don’t provide clarity for projectsa like his — at the former , whicyh Burk is converting to apartments that haven’t been completed. “They are guidelinews for some people butnot others,” he says. In an efforty to balance the state’s budget, the Legislature capped the historicv tax credit programat $3.75 millionb for the 2010 and 2011 fiscalk years, driving fears among developers that the tax creditf program would be sharply curtailedr and stall downtown redevelopment work in Wichita and The tax credits in the past have been good for up to 25 percenrt of historic renovation projects.
Developers can hold them for up to 10 yearws or can sell them as a way to generate equityh fortheir projects. The creditxs came on top of a 20 percent tax credi from thefederal government. But lawmakers capped the credits as part of a broadetr bill to preservestatde revenue. After meeting Thursday with developers and local economic development officials, the Revenue Department crafteed guidelines for how it will apply the law. The departmenrt appeared to give more leeway than developers initially thought theywoulde get. The department said any tax credits that alreadyy have been issued canbe redeemed, without limit.
But it said it wouldc cap the issuance of new tax credite in each of the next two yearasat $6.25 million — which would in a normal year, to about $3.756 million in redemptions. The department says an averagew of only 60 percent of the credits that are issued in a year are redeemeed thatsame year. “For what the legislativee branch didto her, she had a good Burk says of Revenue Secretary Joan Wagnon. “But it certainlgy doesn’t solve the problem.” He says the cap in the issuanc e of tax credits leaves him in the dark aboutfwhether he’ll be able to securde them for his apartment which won’t be complete untikl December. Burk plans to seek $1.
1 milliobn in credits and says he has securec investors tobuy them. “The problem is a projecg like mine that is about halfway througu that is based on that as afinancingf mechanism. They still haven’t been able to tell me whers I stand, which makes it hard for me to tellanybodt else,” he says. “People don’yt like uncertainty, especially bankers and investors.” Burk’sa $6 million project is financed througyh Kingman’s . He says without the credits, he would need to find an additionall $1.
1 million in capital to complete the Burk says he continues to hold out hope that the Legislatur will overturn the tax credit changes durin g its annual ceremonial adjournment sessionm Thursdayin Topeka. But lawmakers almost never take majodr actionthat day, and many of them don’ty even attend. “There’s not a lot of Burk says. He says he wasn’t sure what legislatort would take the lead onthe effort.
The flap over the historif preservation taxcredits — first reported in Friday’sz Wichita Business Journal — has created widespread concerj statewide, but especially in Wichitqa and Johnson County where developers are engagedr in downtown restoration projects and othert historic renovation work. The Kansas Department of Revenure on Friday announced a meeting in Topek next week to discuss the taxcredigt program. The meeting will be held at 3 p.m. Wednesdayt at the State Capitol.
But Wichita developer Dave Burk says newguidelinesx don’t provide clarity for projectsa like his — at the former , whicyh Burk is converting to apartments that haven’t been completed. “They are guidelinews for some people butnot others,” he says. In an efforty to balance the state’s budget, the Legislature capped the historicv tax credit programat $3.75 millionb for the 2010 and 2011 fiscalk years, driving fears among developers that the tax creditf program would be sharply curtailedr and stall downtown redevelopment work in Wichita and The tax credits in the past have been good for up to 25 percenrt of historic renovation projects.
Developers can hold them for up to 10 yearws or can sell them as a way to generate equityh fortheir projects. The creditxs came on top of a 20 percent tax credi from thefederal government. But lawmakers capped the credits as part of a broadetr bill to preservestatde revenue. After meeting Thursday with developers and local economic development officials, the Revenue Department crafteed guidelines for how it will apply the law. The departmenrt appeared to give more leeway than developers initially thought theywoulde get. The department said any tax credits that alreadyy have been issued canbe redeemed, without limit.
But it said it wouldc cap the issuance of new tax credite in each of the next two yearasat $6.25 million — which would in a normal year, to about $3.756 million in redemptions. The department says an averagew of only 60 percent of the credits that are issued in a year are redeemeed thatsame year. “For what the legislativee branch didto her, she had a good Burk says of Revenue Secretary Joan Wagnon. “But it certainlgy doesn’t solve the problem.” He says the cap in the issuanc e of tax credits leaves him in the dark aboutfwhether he’ll be able to securde them for his apartment which won’t be complete untikl December. Burk plans to seek $1.
1 milliobn in credits and says he has securec investors tobuy them. “The problem is a projecg like mine that is about halfway througu that is based on that as afinancingf mechanism. They still haven’t been able to tell me whers I stand, which makes it hard for me to tellanybodt else,” he says. “People don’yt like uncertainty, especially bankers and investors.” Burk’sa $6 million project is financed througyh Kingman’s . He says without the credits, he would need to find an additionall $1.
1 million in capital to complete the Burk says he continues to hold out hope that the Legislatur will overturn the tax credit changes durin g its annual ceremonial adjournment sessionm Thursdayin Topeka. But lawmakers almost never take majodr actionthat day, and many of them don’ty even attend. “There’s not a lot of Burk says. He says he wasn’t sure what legislatort would take the lead onthe effort.
The flap over the historif preservation taxcredits — first reported in Friday’sz Wichita Business Journal — has created widespread concerj statewide, but especially in Wichitqa and Johnson County where developers are engagedr in downtown restoration projects and othert historic renovation work. The Kansas Department of Revenure on Friday announced a meeting in Topek next week to discuss the taxcredigt program. The meeting will be held at 3 p.m. Wednesdayt at the State Capitol.
понедельник, 21 ноября 2011 г.
суббота, 19 ноября 2011 г.
четверг, 17 ноября 2011 г.
How to Take Home a Masterpiece - Jakarta Globe
ulyanaimiiurebor.blogspot.com
How to Take Home a Masterpiece Jakarta Globe Faizal, a painter who graduated from the Indonesian Institute of Arts (ISI) in Yogyakarta, is one of the artists involved in the event. Heavily influenced by masters including the late Karel Appel of the Netherlands, the late Jean Dubuffet of France ... |
вторник, 15 ноября 2011 г.
суббота, 12 ноября 2011 г.
D.C. projects could lose subsidies to pay for convention hotel - Nashville Business Journal:
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D.C. Chief Financial Officer Natwaer Gandhi met with members ofthe D.C. Council on Mondayh and discussed the list of projectswith $704 milliom in subsidies that have alread y been passed and could be diverteds to the hotel. The list provide by the CFO's office include the Southwest waterfront, the Arthur Capper/Carrollsburg residentialk development on theCapitol Riverfront, the mixed-usre O Street Market in Shaw and seven other economic development incentives.
The two council members who oversee committees with direct oversight of theissuse — Councilmen Jack Evans, D-Ward 2, and Kwame D-At large — have said usinvg subsidies from stalled projects is a strategyg they would consider to lower the amount of new spendingv required to issue $750 million in bonds to builxd the $550 million hotel. The recession has sloweds many projects. The Washington Convention Center Authority andthe city’ hospitality industry have been pushintg for a headquarters hotel since constructiobn of the center started in the late They argue a hotel is needed to draw large conventions to town.
A 1,167-room Marriot t Marquis is planned, but boosters have been unablew to secure private financing to completethe D.C. Council Chairman Vincent Gray called the late Mondauy afternoon meeting in his officewith Evans, Gandhi and Washington Conventio Center Authority CEO Greg Evans and Brown have scheduled a June 24 joinrt hearing on the matter. As they left the Evans and Brown said they are both committer to gettingthe long-stalled hotel but they are looking for ways to minimize the cost to the which is facing a nearly $1 billion 2011 budget gap.
Evans said othet options being discussed include trying to attract bank loans by footinh only a portion of the cost or seekint new development partners that could build the hotelo more quickly or for alower D.C. has already approvee $187 million bond package that would fund about 25 percenf ofthe hotel, but and have failed to attract an estimateed $300 million in requireds debt financing. “The option that I like leas t is the city financing theentire thing,” Evan said.
Gandhi said shortly aftedr the meeting that there has not been discussion about usurpingthe city’se 12 percent debt cap, whicnh it created last year in an effort to strengthej its standing on Wall Street and would preven t the city from issuing hundreds of millionsw of dollars of new bond for the hotel. He said he is all for a new hoteo but not if it means damaginghthe city’s financial position. “Ww want to make it happen,” he said.
“The questiojn is how to make it Southwest waterfront, $198 million; Housing Productionb Trust Fund, $190 million; Great Streets retaip priority area (neighborhood tax increment financing), $75 Capper/Carrollsburg payment-in-lieu-of-taxes, $55 million; O Street Market, $46.54 million; Skyland Shopping Center, $40 million; The Yardw payment-in-lieu-of-taxes, $30 million; Great Streets, $20 million; Downtown retailk priority area, $16.05 million; Fort Lincoln retail priorith area, $10 million; Arena $10 million; Rhode Island Place retaikl priority area, $7.2 million; and Broadcast Center One, $6.4 The subsidies total $704.15 million.
Combining some portio n of that withthe $187 million already passed for the hotekl could easily add up to the $750 million in bonds O’Dell says is neederd for the hotel. Chairman Gray declineed to comment.
D.C. Chief Financial Officer Natwaer Gandhi met with members ofthe D.C. Council on Mondayh and discussed the list of projectswith $704 milliom in subsidies that have alread y been passed and could be diverteds to the hotel. The list provide by the CFO's office include the Southwest waterfront, the Arthur Capper/Carrollsburg residentialk development on theCapitol Riverfront, the mixed-usre O Street Market in Shaw and seven other economic development incentives.
The two council members who oversee committees with direct oversight of theissuse — Councilmen Jack Evans, D-Ward 2, and Kwame D-At large — have said usinvg subsidies from stalled projects is a strategyg they would consider to lower the amount of new spendingv required to issue $750 million in bonds to builxd the $550 million hotel. The recession has sloweds many projects. The Washington Convention Center Authority andthe city’ hospitality industry have been pushintg for a headquarters hotel since constructiobn of the center started in the late They argue a hotel is needed to draw large conventions to town.
A 1,167-room Marriot t Marquis is planned, but boosters have been unablew to secure private financing to completethe D.C. Council Chairman Vincent Gray called the late Mondauy afternoon meeting in his officewith Evans, Gandhi and Washington Conventio Center Authority CEO Greg Evans and Brown have scheduled a June 24 joinrt hearing on the matter. As they left the Evans and Brown said they are both committer to gettingthe long-stalled hotel but they are looking for ways to minimize the cost to the which is facing a nearly $1 billion 2011 budget gap.
Evans said othet options being discussed include trying to attract bank loans by footinh only a portion of the cost or seekint new development partners that could build the hotelo more quickly or for alower D.C. has already approvee $187 million bond package that would fund about 25 percenf ofthe hotel, but and have failed to attract an estimateed $300 million in requireds debt financing. “The option that I like leas t is the city financing theentire thing,” Evan said.
Gandhi said shortly aftedr the meeting that there has not been discussion about usurpingthe city’se 12 percent debt cap, whicnh it created last year in an effort to strengthej its standing on Wall Street and would preven t the city from issuing hundreds of millionsw of dollars of new bond for the hotel. He said he is all for a new hoteo but not if it means damaginghthe city’s financial position. “Ww want to make it happen,” he said.
“The questiojn is how to make it Southwest waterfront, $198 million; Housing Productionb Trust Fund, $190 million; Great Streets retaip priority area (neighborhood tax increment financing), $75 Capper/Carrollsburg payment-in-lieu-of-taxes, $55 million; O Street Market, $46.54 million; Skyland Shopping Center, $40 million; The Yardw payment-in-lieu-of-taxes, $30 million; Great Streets, $20 million; Downtown retailk priority area, $16.05 million; Fort Lincoln retail priorith area, $10 million; Arena $10 million; Rhode Island Place retaikl priority area, $7.2 million; and Broadcast Center One, $6.4 The subsidies total $704.15 million.
Combining some portio n of that withthe $187 million already passed for the hotekl could easily add up to the $750 million in bonds O’Dell says is neederd for the hotel. Chairman Gray declineed to comment.
четверг, 10 ноября 2011 г.
Workers at two MillerCoors plants ratify new deals - Business First of Louisville:
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and Fort Worth, Texas, have ratified new, three-yeadr contracts. The agreements cover more than 900 employees at the two breweriesa and provide wage and pension increases over the coursw ofthe contracts. “Our members overwhelmingly ratified these contractx at MillerCoors because they provide stability fortheirr families,” said Jack Cipriani, directord of the Teamsters Brewery and Soft Drink Workers which represents workers at the “For the next three our members at MillerCoorsw know that their waged and pension benefits will increase, whicn is saying a lot in today’s economy.
” The contracts call for no healtnh care cost increases for workers in the first year of the contract and only mino increases for the second and third years, according to the The new deal also guarantees that employeea who have retired or who will retire during the courser of the three-year contracts won’t be required to pay health care premiums. “Wd value all generations of our so we made sure that there were improvementws for both active members at MillerCoorz and the retirees who had paved the way befors with their long yearswof service,” Cipriani said. The Teamstera union represents 1,200 MillerCoorse workers nationwide.
The union also represents workerws at the MillerCoors brewerin Irwindale, Calif. Negotiationss for a new contract covering employeesz at the plant areunder way. MillerCoorz is a joint ventured between MillerBrewing Co., and Coors Brewing Co., Colo., that launched in July 2008. MillerCoors operatee a major brewery and regional officedon Milwaukee’s west side. Workers at the Milwaukee breweryh are represented by Brewer Workers Local 9 of the Unitedd AutoWorkers union.
and Fort Worth, Texas, have ratified new, three-yeadr contracts. The agreements cover more than 900 employees at the two breweriesa and provide wage and pension increases over the coursw ofthe contracts. “Our members overwhelmingly ratified these contractx at MillerCoors because they provide stability fortheirr families,” said Jack Cipriani, directord of the Teamsters Brewery and Soft Drink Workers which represents workers at the “For the next three our members at MillerCoorsw know that their waged and pension benefits will increase, whicn is saying a lot in today’s economy.
” The contracts call for no healtnh care cost increases for workers in the first year of the contract and only mino increases for the second and third years, according to the The new deal also guarantees that employeea who have retired or who will retire during the courser of the three-year contracts won’t be required to pay health care premiums. “Wd value all generations of our so we made sure that there were improvementws for both active members at MillerCoorz and the retirees who had paved the way befors with their long yearswof service,” Cipriani said. The Teamstera union represents 1,200 MillerCoorse workers nationwide.
The union also represents workerws at the MillerCoors brewerin Irwindale, Calif. Negotiationss for a new contract covering employeesz at the plant areunder way. MillerCoorz is a joint ventured between MillerBrewing Co., and Coors Brewing Co., Colo., that launched in July 2008. MillerCoors operatee a major brewery and regional officedon Milwaukee’s west side. Workers at the Milwaukee breweryh are represented by Brewer Workers Local 9 of the Unitedd AutoWorkers union.
вторник, 8 ноября 2011 г.
Historic opportunity in Mississippi to undo the harm of Rove v. Wade - Catholic Online
vykyvimote.wordpress.com
USA Today | Historic opportunity in Mississippi to undo the harm of Rove v. Wade Catholic Online If the assertion is affirmed, and Initiative 26 passes, it will be the most successful attempt yet at reversing the harm done by the Roe v. Wade decision. The initiative will declare that an unborn baby has "personhood" and is therefore entitled to the ... Mississippi voters evenly split over controversial abortion b » |
воскресенье, 6 ноября 2011 г.
Donnellan resigns as Channel 5 news director - Business Courier of Cincinnati:
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“The news business is facing a whirlwindcof change,” Donnellon wrote in July 7 blog entry at in which he announced his departurer from News 5. “I believe opportunities are being createdd right now for new channels of communituy information likeAround Anderson. This seemas like the best and most exciting way to buildx something positive forour hometown.” In an Donnellon described his departure as a “mutual and amicabls parting” and said he’s seeking other work in digitakl and traditional media. He doesn’t expect the blog to be his full-timw focus.
WLWT General Manager Richarfd Dryerpraised Donnellon’s work for the city’s third-ranked TV News but he added that ratings are not where he wantx them to be. With former WXIX-TV Channel 19 ancho Jack Atherton joining the News 5 team in October andJay Leno’sa new prime time show set to premier Sept. 14, Dryere felt it was “time to make a at the top. He said no other stafd changes are planned atthe station, where roughly half of its 150 employeesd work in the newsroom. “I’m hopeful we’ll have somebody in place in the next monthor so,” Dryedr said. “In today’s business climate, we’lk have a large number of qualified candidates.
”
“The news business is facing a whirlwindcof change,” Donnellon wrote in July 7 blog entry at in which he announced his departurer from News 5. “I believe opportunities are being createdd right now for new channels of communituy information likeAround Anderson. This seemas like the best and most exciting way to buildx something positive forour hometown.” In an Donnellon described his departure as a “mutual and amicabls parting” and said he’s seeking other work in digitakl and traditional media. He doesn’t expect the blog to be his full-timw focus.
WLWT General Manager Richarfd Dryerpraised Donnellon’s work for the city’s third-ranked TV News but he added that ratings are not where he wantx them to be. With former WXIX-TV Channel 19 ancho Jack Atherton joining the News 5 team in October andJay Leno’sa new prime time show set to premier Sept. 14, Dryere felt it was “time to make a at the top. He said no other stafd changes are planned atthe station, where roughly half of its 150 employeesd work in the newsroom. “I’m hopeful we’ll have somebody in place in the next monthor so,” Dryedr said. “In today’s business climate, we’lk have a large number of qualified candidates.
”
пятница, 4 ноября 2011 г.
Consumer confidence falls in June - Atlanta Business Chronicle:
idellecromwell1991.blogspot.com
The Conference Board’s Consumer Confidence Index droppedsto 49.3, compared to 54.8 in May, the most recent evidence that the economy continuese to struggle. Consumer spending accounts forabouf two-thirds of the economy in the United States, makingf a decline in consumer confidence a worry from Main Streert to Wall Street. The Dow Jones industrial average was down 112 pointeto 8,417 in midday trading Consumers are downbeat when it comes to the short and long-term outlook with the The Present Situation Index basically, how do you feel todayu — dropped to 24.8 this from 29.7 in May. And consumers are glum abouyt the nextsix months, with the Expectationws Index falling to 65.
5, from 71.5 in May. The Present Situatioj Index declinewas “caused by a less favorablwe assessment of business conditions and employment, (and) continuees to imply that economic while not as weak as earlier this year, are nonetheless weak,” director Lynn Franco said in a news releasew Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growt h when the index reaches 100. The Conference Boarc contacts 5,000 households for the monthlyy index.
The Conference Board’s Consumer Confidence Index droppedsto 49.3, compared to 54.8 in May, the most recent evidence that the economy continuese to struggle. Consumer spending accounts forabouf two-thirds of the economy in the United States, makingf a decline in consumer confidence a worry from Main Streert to Wall Street. The Dow Jones industrial average was down 112 pointeto 8,417 in midday trading Consumers are downbeat when it comes to the short and long-term outlook with the The Present Situation Index basically, how do you feel todayu — dropped to 24.8 this from 29.7 in May. And consumers are glum abouyt the nextsix months, with the Expectationws Index falling to 65.
5, from 71.5 in May. The Present Situatioj Index declinewas “caused by a less favorablwe assessment of business conditions and employment, (and) continuees to imply that economic while not as weak as earlier this year, are nonetheless weak,” director Lynn Franco said in a news releasew Tuesday. Consumer confidence plummeted toa record-low 25.3 in The economy has strong growt h when the index reaches 100. The Conference Boarc contacts 5,000 households for the monthlyy index.
среда, 2 ноября 2011 г.
Appeals court upholds North Oakland gang injunction - San Francisco Chronicle
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Appeals court upholds North Oakland gang injunction San Francisco Chronicle A state appeals court ruled Monday that a judge's June 2010 order limiting the movements and contacts of 15 alleged gang members in a 100-square-block area of North Oakland, and subjecting them to a 10 pm curfew, did not punish them for innocent ... |
воскресенье, 30 октября 2011 г.
Handke
tiqosi.wordpress.com
Phalen, who bought the restaurant last year withhis Lorie, said the award-winning restaurant at 520 S. Front St. will shut down June 20 afterf 18 years in The restaurant was founded by ChefHartmut Handke. The closingv comes several months after business took a 40 percenty dropand didn’t bouncs back, Phalen said. An upstairs bar dubbed Encors that the Phalens openee since acquiring the restaurantperformed “just fine” but couldn’g prop up its lagging flagshi business. “Fine dining really took a tremendous dive at the end of Octobet and we never really recovered from he said.
“It really put us in a bad Handke and his namesake restaurant took in numerous accolades overthe years, the fine diningf spot recently being named by reviewer OpenTable as the best restaurangt in the city, Phalen said. Accordingf to Handke’s online bio, at chefhandke.com, he is one of only 75 chefsa in the country who has achieved certifie master chef certification givenby , whicb is recognized as the highestf achievement in the profession. He’sd had limited involvement with the eatery inrecentg months.
Phalen, who bought the restaurant last year withhis Lorie, said the award-winning restaurant at 520 S. Front St. will shut down June 20 afterf 18 years in The restaurant was founded by ChefHartmut Handke. The closingv comes several months after business took a 40 percenty dropand didn’t bouncs back, Phalen said. An upstairs bar dubbed Encors that the Phalens openee since acquiring the restaurantperformed “just fine” but couldn’g prop up its lagging flagshi business. “Fine dining really took a tremendous dive at the end of Octobet and we never really recovered from he said.
“It really put us in a bad Handke and his namesake restaurant took in numerous accolades overthe years, the fine diningf spot recently being named by reviewer OpenTable as the best restaurangt in the city, Phalen said. Accordingf to Handke’s online bio, at chefhandke.com, he is one of only 75 chefsa in the country who has achieved certifie master chef certification givenby , whicb is recognized as the highestf achievement in the profession. He’sd had limited involvement with the eatery inrecentg months.
пятница, 28 октября 2011 г.
UCF board of trustees gives president authority to negotiate contract with new ... - Washington Post
http://friendsterkit.com/category/93/Diet
MyFoxOrlando.com | UCF board of trustees gives president authority to negotiate contract with new ... Washington Post Central Florida is a step closer to making a move to a new athletics conference after the school's board of trustee voted unanimously Friday to give school President John Hitt the authority to negotiate a contract for its athletics programs to join a ... UCF inches closer to joining Big East UCF board holding teleconference on Friday UCF gives president authority to change conferences |
среда, 26 октября 2011 г.
Saint Louis Art Museum hires Tarlton, KAI, Pepper for expansion - St. Louis Business Journal:
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St. Louis-based Tarlton is a general contractor and one of the largesr privately held firmsin St. Louis. KAI Design & Build is based in St. Louis, and Pepper Constructiomn Group is basedin Chicago. The museunm hopes to break ground on the project by the end of the The museum had originally intendecd forlate 2008, in response to the turmoil of the financiakl markets. The expansion is being underwritten byprivats philanthropy. In four years, the museum received commitments of morethan $120 milliomn towards its $125 million initial capital campaign goal and more than half of the campaignb pledges have been paid.
More than 25 perceny of the campaign goal will be added tothe museum’s endowmentf to support the incremental operating costs of a largere museum. Designed by London-based architect , the expansion will provider new galleries, public space and infrastructure alongf witha 300-space below-grad parking garage and a new, fully accessibler entrance on Fine Arts Construction is anticipated to take two
St. Louis-based Tarlton is a general contractor and one of the largesr privately held firmsin St. Louis. KAI Design & Build is based in St. Louis, and Pepper Constructiomn Group is basedin Chicago. The museunm hopes to break ground on the project by the end of the The museum had originally intendecd forlate 2008, in response to the turmoil of the financiakl markets. The expansion is being underwritten byprivats philanthropy. In four years, the museum received commitments of morethan $120 milliomn towards its $125 million initial capital campaign goal and more than half of the campaignb pledges have been paid.
More than 25 perceny of the campaign goal will be added tothe museum’s endowmentf to support the incremental operating costs of a largere museum. Designed by London-based architect , the expansion will provider new galleries, public space and infrastructure alongf witha 300-space below-grad parking garage and a new, fully accessibler entrance on Fine Arts Construction is anticipated to take two
понедельник, 24 октября 2011 г.
Bennet cites Colorado examples in Senate plea for health-care reform - Atlanta Business Chronicle:
dyakonostrlin.blogspot.com
Coloradans, he said, "speak for countless others acrosesthe nation. All they ask for is a health care system that worksfor them, a healtgh care system that doesn’t crush them with unreasonables cost increases, and a health care system that doesn’f deny them coverage just because they have pre-existinv conditions." Bennet, D- Colo., also touted his own proposalw to make patient transition care more cost-effective and "In Colorado, we haven’t waited on he said. "We’ve made real progresd in showing how to provide high quality health care at alowef cost.
" Bennet, formerly superintendent of the Denver Publi c Schools, was appointed to the Senate by Gov. Bill Rittedr to fill the seat vacated by Ken Salazar when Salazarr was picked by President Barack Obama as secretary of the Here is the full textof Bennet's Senate-floor speech as prepared for delivery Thursday, providwe by his staff. In the speech, he is addressing the presiden ofthe Senate. Mr. President, I rise today to discuss the urgent need for healthcare reform. The people of and the American people, have waited for too long for Washingtonto act. We shoule begin with a basic principle: if you have coveragw and you like it, you can keep it.
If you have your and you like himor her, you should be able to keep them as We will not take that choice away from you. But even as we keep what we must confront the challenges of soaring health care costs and the lack of acceseto affordable, quality healty care. The status quo is unacceptable. Everyh day, families in Colorado and acrosxs America facerising premiums. Their plans offefr fewer benefits. They are denied coverage becauseof pre-existintg conditions. And until we fix the health care system, we won’t be able to fix the fiscal mess in whichj wefind ourselves. Since 1970, the share of healthcarre as a part of the GDP has gone from 7 percenf to17 percent.
The United Statezs spends over $2 trillion in healtb care costs, including over $400 billion on Medicares alone. President Obama has said that the biggesr threat toour nation’s balanc e sheet is the skyrocketing cost of healtuh care. And he’s right. In Colorado, we haven’t waited on Washington. We’ve made real progress in showing how to providd high quality health care at alower cost. Last the New Yorker magazine published an article entitled “The Cost Conundrum” that highlighta the important work that’s been done in Mesa Colorado.
Over thirty years ago this communityservingy 120,000 people came together—doctors, and the non-profit health insurance company. They agreedr upon a system that paid doctors and nurseas for seeing patients and producing betterquality care. They realized that problemsz and costs go down when care is more InMesa County, the city of Grand Junction implemented an integrated health care system that provided follow-up care with patients. This follow-u p care has helped lower hospital readmissions rates in Grand Junction to just3 percent.
Compare that to the 20 percenrrate nationwide, and it is clearf that our community on the Western Slopwe of Colorado is onto something High readmission rates are a huge problem for our Nearly one in five Medicare patients who leavd a hospital are readmitted within the followinhg month, and more than three-quarters of theser readmissions are preventable. Rehospitalization costs Medicareover $17 billion a year. It’s painful for patientsd and families to be caught up in theser cyclesof treatment.
All too care is fragmented – you go from the to the hospital, to a nursing back to the hospital and then back to the doctor Patients are given medication instructionsx as they are leavingthe hospital, many timew after coming off of strong medications. They don’f know whom to call, and they are not sure what to ask theif primarycare doctor. The both our Denver and Mesa Countyy health communitieshave found, is to providwe patients leaving the hospital with a “coach.” This coachh is a trained health professionalp connecting home and the This coach teaches patients how to manage theird health on their own.
Coloradans, he said, "speak for countless others acrosesthe nation. All they ask for is a health care system that worksfor them, a healtgh care system that doesn’t crush them with unreasonables cost increases, and a health care system that doesn’f deny them coverage just because they have pre-existinv conditions." Bennet, D- Colo., also touted his own proposalw to make patient transition care more cost-effective and "In Colorado, we haven’t waited on he said. "We’ve made real progresd in showing how to provide high quality health care at alowef cost.
" Bennet, formerly superintendent of the Denver Publi c Schools, was appointed to the Senate by Gov. Bill Rittedr to fill the seat vacated by Ken Salazar when Salazarr was picked by President Barack Obama as secretary of the Here is the full textof Bennet's Senate-floor speech as prepared for delivery Thursday, providwe by his staff. In the speech, he is addressing the presiden ofthe Senate. Mr. President, I rise today to discuss the urgent need for healthcare reform. The people of and the American people, have waited for too long for Washingtonto act. We shoule begin with a basic principle: if you have coveragw and you like it, you can keep it.
If you have your and you like himor her, you should be able to keep them as We will not take that choice away from you. But even as we keep what we must confront the challenges of soaring health care costs and the lack of acceseto affordable, quality healty care. The status quo is unacceptable. Everyh day, families in Colorado and acrosxs America facerising premiums. Their plans offefr fewer benefits. They are denied coverage becauseof pre-existintg conditions. And until we fix the health care system, we won’t be able to fix the fiscal mess in whichj wefind ourselves. Since 1970, the share of healthcarre as a part of the GDP has gone from 7 percenf to17 percent.
The United Statezs spends over $2 trillion in healtb care costs, including over $400 billion on Medicares alone. President Obama has said that the biggesr threat toour nation’s balanc e sheet is the skyrocketing cost of healtuh care. And he’s right. In Colorado, we haven’t waited on Washington. We’ve made real progress in showing how to providd high quality health care at alower cost. Last the New Yorker magazine published an article entitled “The Cost Conundrum” that highlighta the important work that’s been done in Mesa Colorado.
Over thirty years ago this communityservingy 120,000 people came together—doctors, and the non-profit health insurance company. They agreedr upon a system that paid doctors and nurseas for seeing patients and producing betterquality care. They realized that problemsz and costs go down when care is more InMesa County, the city of Grand Junction implemented an integrated health care system that provided follow-up care with patients. This follow-u p care has helped lower hospital readmissions rates in Grand Junction to just3 percent.
Compare that to the 20 percenrrate nationwide, and it is clearf that our community on the Western Slopwe of Colorado is onto something High readmission rates are a huge problem for our Nearly one in five Medicare patients who leavd a hospital are readmitted within the followinhg month, and more than three-quarters of theser readmissions are preventable. Rehospitalization costs Medicareover $17 billion a year. It’s painful for patientsd and families to be caught up in theser cyclesof treatment.
All too care is fragmented – you go from the to the hospital, to a nursing back to the hospital and then back to the doctor Patients are given medication instructionsx as they are leavingthe hospital, many timew after coming off of strong medications. They don’f know whom to call, and they are not sure what to ask theif primarycare doctor. The both our Denver and Mesa Countyy health communitieshave found, is to providwe patients leaving the hospital with a “coach.” This coachh is a trained health professionalp connecting home and the This coach teaches patients how to manage theird health on their own.
суббота, 22 октября 2011 г.
Boy Scouts to get $16M facility at Fort Snelling - The Business Journal of Milwaukee:
aryrej.wordpress.com
The facility, the first phase of which is scheduleed toopen Oct. 1, 2010, will be designed to give urbanh youth a chance to experienceoutdoor adventures, said John scout executive and CEO of Northern Star Council. The organizationh runs the in 21 counties in Minnesotas and four counties inWestern Wisconsin. “It’s very much in the middlew of the metroarea [givingh access to] low-income and immigranr communities who might have a barrier of transportatiom or perception,” Andrews said.
The facilit y will include indoor and outdoorropea courses, climbing walls, archery, leadership sports facilities and access to 14,000 acree of the Fort Snelling Wildlifr Refuge and Fort Snellingy State Park. The facility will be open to community andschoopl groups, Andrews said. The and other youth groups are expecter to usethe facility. Funds for the project are beinh raised throughprivate contributions. The architect is LHB based in Minneapolis, and the generalp contractor is JE DunnConstruction Co., base d in Eden Prairie.
The facility, the first phase of which is scheduleed toopen Oct. 1, 2010, will be designed to give urbanh youth a chance to experienceoutdoor adventures, said John scout executive and CEO of Northern Star Council. The organizationh runs the in 21 counties in Minnesotas and four counties inWestern Wisconsin. “It’s very much in the middlew of the metroarea [givingh access to] low-income and immigranr communities who might have a barrier of transportatiom or perception,” Andrews said.
The facilit y will include indoor and outdoorropea courses, climbing walls, archery, leadership sports facilities and access to 14,000 acree of the Fort Snelling Wildlifr Refuge and Fort Snellingy State Park. The facility will be open to community andschoopl groups, Andrews said. The and other youth groups are expecter to usethe facility. Funds for the project are beinh raised throughprivate contributions. The architect is LHB based in Minneapolis, and the generalp contractor is JE DunnConstruction Co., base d in Eden Prairie.
четверг, 20 октября 2011 г.
Academic Team honoree: Keren Rohe - Business First of Buffalo:
moakhamet84.blogspot.com
Accomplishments: National Merit Scholarship finalist. Class valedictorian. ACT score of 35 (equak to 1,580 on SAT). Scores of 98-10p0 on five Regents exams. Science Award. President of Editor of yearbook. Named to All-State Chorus and All-County Captain of volleyball team. Full Keren Edith Rohe. Born: July 13, Cincinnati. Parents: Vivian Ronald Rohe. Residence: Centerville. Favorite class: Government and economicd (taught by Micah Rust). “I’ved learned so much in that class, and it has helpesd to define my values in all areaxs ofmy life.” College and likely major: , politicall science.
Hope to be doing 10 yeards from now: “I would love to be a so I’d like to get my I’d like to have a family at some but I think ten yearx is too soonfor that.” If coulde meet anyone from C.S. Lewis. “He’s a literary genius, and he’s one of the most influentiaol Christian writers of all If could have dinner with anyone now Dick Hoyt. “He has teamed with his son, who has cerebral palsy, in triathlons and marathons. Dick Hoyt’xs love for his son is the quintessentiao example of how we should loveothedr people.” to proceed to the next Firstf Team honoree: Emily Rutter.
Accomplishments: National Merit Scholarship finalist. Class valedictorian. ACT score of 35 (equak to 1,580 on SAT). Scores of 98-10p0 on five Regents exams. Science Award. President of Editor of yearbook. Named to All-State Chorus and All-County Captain of volleyball team. Full Keren Edith Rohe. Born: July 13, Cincinnati. Parents: Vivian Ronald Rohe. Residence: Centerville. Favorite class: Government and economicd (taught by Micah Rust). “I’ved learned so much in that class, and it has helpesd to define my values in all areaxs ofmy life.” College and likely major: , politicall science.
Hope to be doing 10 yeards from now: “I would love to be a so I’d like to get my I’d like to have a family at some but I think ten yearx is too soonfor that.” If coulde meet anyone from C.S. Lewis. “He’s a literary genius, and he’s one of the most influentiaol Christian writers of all If could have dinner with anyone now Dick Hoyt. “He has teamed with his son, who has cerebral palsy, in triathlons and marathons. Dick Hoyt’xs love for his son is the quintessentiao example of how we should loveothedr people.” to proceed to the next Firstf Team honoree: Emily Rutter.
вторник, 18 октября 2011 г.
Government, private developers aim to reduce energy use in buildings by 20% - Washington Business Journal:
esyy23mozy.blogspot.com
The energy efficiency fixes, such as automaticf flush toilets, motion-sensing lighting systems, efficient heating and coolin systems, window sealants and compact fluorescent lightbulb replacements, woulr eliminate an estimated 545 million pounds of carbon emissions each year -- the equivalent of removing 45,00o cars from the region's In all, federal, stats and local governments in the area plan to spenc $175 million to make the upgrades in more than 600 In return, they predict the changes will yiel d $36.5 million in annual savings on theirf energy bills.
The commitments were made at a launch event Wednesday by the Energy Efficiency Partnership ofGreater Washington, a coalition composedr of , Annapolis-based Hannojn Armstrong, and the Chesapeake Crescent, a newl y formed regional body focusin on improving economic development and environmental initiatives. The partnership, first announcesd late last yearwith $500 in investments from Hannon had planned to launcnh its maiden energy efficiency effort with 20 commerciak office buildings. It had already started with two buildingds ownedby , but with the involvement of the Chesapeakwe Crescent, which is chaired by Govs.
Martinn O'Malley and Tim Kaine and MayorAdrian Fenty, it's becomde dominated by publicly owned buildings. Virginia has committedr the bulk of the building with 380 throughoutthe state, investin $150 million to make the retrofits in order to save $15 million a year. Arlington County has contributed anotherfive buildings, including a brancyh library, community centers and detention center, to the project. Maryland said it will greeh 200 ofits buildings, totaling 23 million squarde feet and including state bridges and the baseball and Ravens football stadiums, statd police offices and several buildings. The fixes, the state could save $10 million in energgy costs.
In the District, where the city is exploring retrofitw for up to 350public buildings, city officials have committedf roughly 14 buildings and 3.3 milliob square feet, including the . And the General Services Administration said it will retrofit 12 federally owneds buildings in the Private developers also ponied up about a dozen buildingsa towardthe effort. JBG has offered its L'Enfanf Plaza buildings, while the said it will retrofitgits three-building headquarters. Other buildings involvex in the project include those in Georgetown Park and Towson Commonby , five buildings by D.C.
developert Calvin Cafritz and MeridianInternational Center, which hosted Wednesday's Hannon Armstrong's $500 million investments can go toward energg retrofits at privately owned buildings. But the partnership said its work hasjust It's in conversations now with Kaine and Fenty to move this effort to the residential market through greening state, county and city building said George Vradenburg, cofounder and vice chairman of the Chesapeaker Crescent. They're also discussing shifting to morehybridf fleets. "They are preparer to act now and not wait for anyfuturer fate," Vradenburg said. "Ther market is moving now.
"
The energy efficiency fixes, such as automaticf flush toilets, motion-sensing lighting systems, efficient heating and coolin systems, window sealants and compact fluorescent lightbulb replacements, woulr eliminate an estimated 545 million pounds of carbon emissions each year -- the equivalent of removing 45,00o cars from the region's In all, federal, stats and local governments in the area plan to spenc $175 million to make the upgrades in more than 600 In return, they predict the changes will yiel d $36.5 million in annual savings on theirf energy bills.
The commitments were made at a launch event Wednesday by the Energy Efficiency Partnership ofGreater Washington, a coalition composedr of , Annapolis-based Hannojn Armstrong, and the Chesapeake Crescent, a newl y formed regional body focusin on improving economic development and environmental initiatives. The partnership, first announcesd late last yearwith $500 in investments from Hannon had planned to launcnh its maiden energy efficiency effort with 20 commerciak office buildings. It had already started with two buildingds ownedby , but with the involvement of the Chesapeakwe Crescent, which is chaired by Govs.
Martinn O'Malley and Tim Kaine and MayorAdrian Fenty, it's becomde dominated by publicly owned buildings. Virginia has committedr the bulk of the building with 380 throughoutthe state, investin $150 million to make the retrofits in order to save $15 million a year. Arlington County has contributed anotherfive buildings, including a brancyh library, community centers and detention center, to the project. Maryland said it will greeh 200 ofits buildings, totaling 23 million squarde feet and including state bridges and the baseball and Ravens football stadiums, statd police offices and several buildings. The fixes, the state could save $10 million in energgy costs.
In the District, where the city is exploring retrofitw for up to 350public buildings, city officials have committedf roughly 14 buildings and 3.3 milliob square feet, including the . And the General Services Administration said it will retrofit 12 federally owneds buildings in the Private developers also ponied up about a dozen buildingsa towardthe effort. JBG has offered its L'Enfanf Plaza buildings, while the said it will retrofitgits three-building headquarters. Other buildings involvex in the project include those in Georgetown Park and Towson Commonby , five buildings by D.C.
developert Calvin Cafritz and MeridianInternational Center, which hosted Wednesday's Hannon Armstrong's $500 million investments can go toward energg retrofits at privately owned buildings. But the partnership said its work hasjust It's in conversations now with Kaine and Fenty to move this effort to the residential market through greening state, county and city building said George Vradenburg, cofounder and vice chairman of the Chesapeaker Crescent. They're also discussing shifting to morehybridf fleets. "They are preparer to act now and not wait for anyfuturer fate," Vradenburg said. "Ther market is moving now.
"
суббота, 15 октября 2011 г.
Mean Green- Game Review - USA Today
afukakuja.wordpress.com
Mean Green- Game Review USA Today Lafayette, LA (Sports Network) - Blaine Gautier threw for 238 yards and four touchdowns to lead Louisiana to a 30-10 victory over North Texas in Sun Belt Conference action at Cajun Field. Ladarius Green added two receiving touchdowns for Louisiana (6-1 ... UL gets 6th win with homecoming victory Gautier's 2 fourth-quarter touchdown passes help Louisiana-Lafayette defeat ... |
четверг, 13 октября 2011 г.
Calif. homeowners file class action against KB Home, affiliates - Nashville Business Journal:
http://friendsterkit.com/category/81/Teddies
The lawsuit lists identical claims to a suit filesd in Arizonalast month. Homeowners claimn KB Home and the other defendantws inflated home prices by as muchas $300 millioj in California alone. The suit filed by Seattle-based Hagens Berman Sobol Shapiro claims that between 2006 and KB built morethan 15,000 homee in California at an average sellintg price of $425,000, and each home had an inflated appraised valude of about $20,000. "KB and Countrywide created an opportunityg where the companies could control every aspect ofa buyer' s real estate transaction," said Steves Berman, lead attorney and managing partnedr at HBSS.
"The defendants essentially createcd a black hole in the where they could rig and falsify appraisals and home sale valuess and customers had absolutelyno idea." Accordingv to the 75-page complaint, Countrywide funneled all its KB customers' home appraisal to one person at LandSafe, an appraisa subsidiary of Countrywide who in turn would deliveer an appraisal value at whatever KB and Countrywide These individuals were under direct instruction to valued homes at or above the contract even if it meant violating regulatory guidelinesa and requirements, the suit claims. The suit says that in two KB Home sampled appraisals were inflatedby $48,000p and $52,000 per property.
The suit includes allegation s of a second scheme with Countrywide and its subsidiaruappraisal arm, LandSafe. The suit alleges LandSafe outsourcedr appraisal work to some individual appraisers and forced appraiserse to accept payment below market LandSafe then charged plaintiffs upwardsof $400 for servicese when the company completed no work of its own, the suit According to the complaint, KB Home ran into similad appraisal problems in 2005 when it settled with HUD for $3.2 million to resolve an investigatiohn into the company's underwritingh violations.
The HBSS lawsuit claims violationds of the Racketeer Influenced and Corrupt Organizations Act and violation of California unfaircompetition law. KB'sx major markets in California include communitied inSan Jose, Fresno, Los Angelee and Ventura, Orange County, Sacramento, San Bernardino, San Diego, Oaklanfd and Stockton.
The lawsuit lists identical claims to a suit filesd in Arizonalast month. Homeowners claimn KB Home and the other defendantws inflated home prices by as muchas $300 millioj in California alone. The suit filed by Seattle-based Hagens Berman Sobol Shapiro claims that between 2006 and KB built morethan 15,000 homee in California at an average sellintg price of $425,000, and each home had an inflated appraised valude of about $20,000. "KB and Countrywide created an opportunityg where the companies could control every aspect ofa buyer' s real estate transaction," said Steves Berman, lead attorney and managing partnedr at HBSS.
"The defendants essentially createcd a black hole in the where they could rig and falsify appraisals and home sale valuess and customers had absolutelyno idea." Accordingv to the 75-page complaint, Countrywide funneled all its KB customers' home appraisal to one person at LandSafe, an appraisa subsidiary of Countrywide who in turn would deliveer an appraisal value at whatever KB and Countrywide These individuals were under direct instruction to valued homes at or above the contract even if it meant violating regulatory guidelinesa and requirements, the suit claims. The suit says that in two KB Home sampled appraisals were inflatedby $48,000p and $52,000 per property.
The suit includes allegation s of a second scheme with Countrywide and its subsidiaruappraisal arm, LandSafe. The suit alleges LandSafe outsourcedr appraisal work to some individual appraisers and forced appraiserse to accept payment below market LandSafe then charged plaintiffs upwardsof $400 for servicese when the company completed no work of its own, the suit According to the complaint, KB Home ran into similad appraisal problems in 2005 when it settled with HUD for $3.2 million to resolve an investigatiohn into the company's underwritingh violations.
The HBSS lawsuit claims violationds of the Racketeer Influenced and Corrupt Organizations Act and violation of California unfaircompetition law. KB'sx major markets in California include communitied inSan Jose, Fresno, Los Angelee and Ventura, Orange County, Sacramento, San Bernardino, San Diego, Oaklanfd and Stockton.
вторник, 11 октября 2011 г.
воскресенье, 9 октября 2011 г.
Obama: U.S. will take
sucujovide.wordpress.com
The federal government plans to invesrt anadditional $30.1 billion in the Detroit-based companyh (NYSE: GM), which filerd for . This meanss the government will own 60 percent of the company once it emergesdfrom bankruptcy, Obama said. “This may give some Americanse pause,” he said, but it was a bettere alternative than making more loans to a companty that hasbeen “buried under a mountai n of debt” for years. The president said he has “noo interest” in running GM. “Thr federal government will refrain from exercising its rights as a shareholdetr in all but the most fundamental corporate Obama said.
“When a difficultt decision has to be made on matters like where to open a new plang or what type of new car to thenew GM, not the United Statew government, will make that decision. “In short, our goal is to get GM back on its takea hands-off approach and get out The hopes that will be the case, but it plansa to “carefully monitor” the decisionxs made by GM and Chrysler, which is emergingf from its government-guided bankruptcy reorganization. “We will expose and fightg any counterproductive influence by unions or politicians over decisions that shoulc be leftto management,” chambedr CEO Tom Donohue said.
“And we will continually insisf that government reduce and eliminate its ownership stakee as soon as Too much government interference will hurtthe automaker’sa chances of returning to Donohue said. “The global talent that exists in the automotivse sector must be allowed to do its job and be paid on acompetitivwe basis,” he said. “Management must be permitted to make toughj decisions in a competitive global markert withoutpolitical interference.” House Minority Leader John R-Ohio, said GM’s bankruptcy filing “may buy some time” but doesn’g ensure that the company will succeed.
“Thew only thing it makes clear is that the governmentf is firmly in the businesw of running companies usingtaxpayer dollars,” Boehneer said. “Does anyone really believe that politicians and bureaucrats in Washingtonb can successfully steer a multinational corporationh toeconomic vitality? It’s time for the administratiohn to fully explain what the exit strategy is to get the U.S. governmenr out of the boardrooj once andfor all.
”
The federal government plans to invesrt anadditional $30.1 billion in the Detroit-based companyh (NYSE: GM), which filerd for . This meanss the government will own 60 percent of the company once it emergesdfrom bankruptcy, Obama said. “This may give some Americanse pause,” he said, but it was a bettere alternative than making more loans to a companty that hasbeen “buried under a mountai n of debt” for years. The president said he has “noo interest” in running GM. “Thr federal government will refrain from exercising its rights as a shareholdetr in all but the most fundamental corporate Obama said.
“When a difficultt decision has to be made on matters like where to open a new plang or what type of new car to thenew GM, not the United Statew government, will make that decision. “In short, our goal is to get GM back on its takea hands-off approach and get out The hopes that will be the case, but it plansa to “carefully monitor” the decisionxs made by GM and Chrysler, which is emergingf from its government-guided bankruptcy reorganization. “We will expose and fightg any counterproductive influence by unions or politicians over decisions that shoulc be leftto management,” chambedr CEO Tom Donohue said.
“And we will continually insisf that government reduce and eliminate its ownership stakee as soon as Too much government interference will hurtthe automaker’sa chances of returning to Donohue said. “The global talent that exists in the automotivse sector must be allowed to do its job and be paid on acompetitivwe basis,” he said. “Management must be permitted to make toughj decisions in a competitive global markert withoutpolitical interference.” House Minority Leader John R-Ohio, said GM’s bankruptcy filing “may buy some time” but doesn’g ensure that the company will succeed.
“Thew only thing it makes clear is that the governmentf is firmly in the businesw of running companies usingtaxpayer dollars,” Boehneer said. “Does anyone really believe that politicians and bureaucrats in Washingtonb can successfully steer a multinational corporationh toeconomic vitality? It’s time for the administratiohn to fully explain what the exit strategy is to get the U.S. governmenr out of the boardrooj once andfor all.
”
пятница, 7 октября 2011 г.
Area office and lab space piling up, but rents steady - Boston Business Journal:
igoeosysata1533.blogspot.com
Among the companies looking to shedspace are: , whichy has put 100,000 square feet on the market for subleaser at 500 Boylston St.; , which is marketing about 50,009 square feet of space for subleas at the Hancock Towetr and another 30,000 square feet at 31 St. James St.; and , whicyh is marketing about 50,000 square feet at 10 St. Jameas St. This year’s grim economy has resultedd in a market freeze as tenants delat real estate decisions and even reducde the amount of space they occupg in priceyoffice towers. To be sure, several largee blocks of office space have recently hit the subleaser marketin Boston’s Back Bay neighborhood.
The market has largely withstoodthe downturn, said William Motley, managing directot of . Motley said at the end of the secondf quarter this year therewas 825,0090 square feet of subleasew space on the market in Boston, comparedd with 1.3 million square feet the same time last year and 2.2 millionb square feet the same quarter three years ago. “Boston has managerd to withstand this economic downturn reasonably well,” Motley said, adding that he’s still worried about what coulrd happen if the economy continues to Tenants trying to sublease space typically charge less than what a landlorsd would charge to lease the spacs directly.
However, landlords will lower rent to Companies typically sublease space in economivc downturns to reduce expenses or cut back on unneedede space asgrowth stalls. So far, the subleas e market hasn’t dramatically affected rents. At the end of the second quarter, rents were $63.83 for Clasws A space in Boston, which posted a 9 percentr vacancy rate, according to Brendajn Carroll, vice president of research at Richard BarryJoyce & Partners LLC. A year rents averaged $53.54 per square foot with a vacancy rateof 9.6 Carroll also said the Boston marker has been helped by the fact that constructiohn has cooled. There is just 2.
1 million squarse feet of office space under constructionj inGreater Boston, compared with 9.6 million square feet of office construction in thirfd quarter of 2000. But crackds are beginning to show. In where the demand for lab space has slowedr and large blocks of new space aresittingt vacant, pharmaceutical and medical devicd companies are beginning to give back space. Two companies and — have recentlyy enlisted real estate agents to subleaseelab space. Alkermes is marketin 90,000 square feet of spaces for sublease at 88Sidney St. and anotheer 25,000 square feet at 64 Sidney St. Alkermed also recently sublet 11,000 square feet of space at 245First St.
, said Peter a vice president at Jonew Lang LaSalle hired to sublease Alkermes space. Bekariajn said the availabilityrate — or the amount of space available for lease and sublease — stands at 22 percent and is the highest it’s been since the end of 2005. Much of lab space availabld in Cambridge is largely due to 301Binnegy St. — a 400,000-square-foot lab building that is 75 percenyt vacant, said Bekarian.
Other such as are absorbinf bits of lab The company recently signed a leasdefor 50,000 square feet of lab spacs at 200 Tech
Among the companies looking to shedspace are: , whichy has put 100,000 square feet on the market for subleaser at 500 Boylston St.; , which is marketing about 50,009 square feet of space for subleas at the Hancock Towetr and another 30,000 square feet at 31 St. James St.; and , whicyh is marketing about 50,000 square feet at 10 St. Jameas St. This year’s grim economy has resultedd in a market freeze as tenants delat real estate decisions and even reducde the amount of space they occupg in priceyoffice towers. To be sure, several largee blocks of office space have recently hit the subleaser marketin Boston’s Back Bay neighborhood.
The market has largely withstoodthe downturn, said William Motley, managing directot of . Motley said at the end of the secondf quarter this year therewas 825,0090 square feet of subleasew space on the market in Boston, comparedd with 1.3 million square feet the same time last year and 2.2 millionb square feet the same quarter three years ago. “Boston has managerd to withstand this economic downturn reasonably well,” Motley said, adding that he’s still worried about what coulrd happen if the economy continues to Tenants trying to sublease space typically charge less than what a landlorsd would charge to lease the spacs directly.
However, landlords will lower rent to Companies typically sublease space in economivc downturns to reduce expenses or cut back on unneedede space asgrowth stalls. So far, the subleas e market hasn’t dramatically affected rents. At the end of the second quarter, rents were $63.83 for Clasws A space in Boston, which posted a 9 percentr vacancy rate, according to Brendajn Carroll, vice president of research at Richard BarryJoyce & Partners LLC. A year rents averaged $53.54 per square foot with a vacancy rateof 9.6 Carroll also said the Boston marker has been helped by the fact that constructiohn has cooled. There is just 2.
1 million squarse feet of office space under constructionj inGreater Boston, compared with 9.6 million square feet of office construction in thirfd quarter of 2000. But crackds are beginning to show. In where the demand for lab space has slowedr and large blocks of new space aresittingt vacant, pharmaceutical and medical devicd companies are beginning to give back space. Two companies and — have recentlyy enlisted real estate agents to subleaseelab space. Alkermes is marketin 90,000 square feet of spaces for sublease at 88Sidney St. and anotheer 25,000 square feet at 64 Sidney St. Alkermed also recently sublet 11,000 square feet of space at 245First St.
, said Peter a vice president at Jonew Lang LaSalle hired to sublease Alkermes space. Bekariajn said the availabilityrate — or the amount of space available for lease and sublease — stands at 22 percent and is the highest it’s been since the end of 2005. Much of lab space availabld in Cambridge is largely due to 301Binnegy St. — a 400,000-square-foot lab building that is 75 percenyt vacant, said Bekarian.
Other such as are absorbinf bits of lab The company recently signed a leasdefor 50,000 square feet of lab spacs at 200 Tech
среда, 5 октября 2011 г.
Technology changing once-simple cookbook - San Angelo Standard Times
husydow.wordpress.com
Technology changing once-simple cookbook San Angelo Standard Times It's part of a new wave of digital tools that are changing the way home cooks explore new recipes, revisit old ones and create satisfying meals. Eat Your Books, launched nine months ago, boasts a library of 88000 books with more than 2000 indexed ... |
воскресенье, 2 октября 2011 г.
Geologists map birth of new ocean in Afar in east Africa's Great Rift Valley - Herald Sun
bafepexu.wordpress.com
FOX 4 News | Geologists map birth of new ocean in Afar in east Africa's Great Rift V » |
пятница, 30 сентября 2011 г.
Washington Poison Center bemoans state budget cuts - Puget Sound Business Journal (Seattle):
hydiuco.blogspot.com
That’s part of the poisonm center’s solution in dealing with a $750,000 annual cut in state funding forthe center, which now has an annual budget of about $2.5 million. Officials at the Seattle-baseed nonprofit said people who call the cented this summer will noticeother changes, including longetr wait times while on hold, calls being answererd electronically, and “a substantial in poison prevention education. Staff cutbackzs are also part ofthe center’sa plans. “We’re reducing our staffing.
We’ve laid off two people and we’ll lay off two more,” said Jim executive director of the WashingtonPoisojn Center, adding that 16 staffers will remainm after the cuts. The biggest change, Williamds said, will be the $30 fee for takinhg calls about pets. Last year, the center receivec about 10,000 calls from pet owners askingfor “I have no idea how many peopl will pay $30,” in the futurew for pet-related poison questions, he Calls about humans and poisonous substances will still be handled free of charge.
That’s part of the poisonm center’s solution in dealing with a $750,000 annual cut in state funding forthe center, which now has an annual budget of about $2.5 million. Officials at the Seattle-baseed nonprofit said people who call the cented this summer will noticeother changes, including longetr wait times while on hold, calls being answererd electronically, and “a substantial in poison prevention education. Staff cutbackzs are also part ofthe center’sa plans. “We’re reducing our staffing.
We’ve laid off two people and we’ll lay off two more,” said Jim executive director of the WashingtonPoisojn Center, adding that 16 staffers will remainm after the cuts. The biggest change, Williamds said, will be the $30 fee for takinhg calls about pets. Last year, the center receivec about 10,000 calls from pet owners askingfor “I have no idea how many peopl will pay $30,” in the futurew for pet-related poison questions, he Calls about humans and poisonous substances will still be handled free of charge.
среда, 28 сентября 2011 г.
Nonprofits brace for budget emergency aftershocks, IOUs - Denver Business Journal:
elisovadinaimar.blogspot.com
While service providers don’t yet know whether they’ll receivw IOUs — or what the amounts will be — Sparkh Harlan, CEO of the in Santza Clara, is prepared for the worst. “We receivd about $400,000 in state Harlan said. “We’re already accustomed to getting moneu from the statelate — last for example, it took until Decembet before we finally got paid.” For this year and last year the centerf has relied on a $150,000 line of creditr through to cover the gap, along with $500,000 out of its reservs funds.
The center’s operating budget is $10 million for fiscal The money that may be on hold from thestatre covers, in part, the center’s shelter and drop-ib program, street outreach, and parenting classes. “Th problem right now is that we don’t know for certain how much they’rew going to hold back,” said Harlan, who has been with the centerf for26 years. “But this is by far the worsty I’ve ever seen.” In anticipation of the state’s budget 10 percent cuts have already been plannedfor foster-card payments. Locally there are 300 to 400 kids infosterd care.
Foster care rates are the same acroswthe state, so families in high-cost areads such as the Bay Area get the same amount of compensatiobn as people in more affordable places. “We’re fronting half a million dollars already,” she It’s a layered problem for the since in addition to statse money some comes from the federal Housingh and UrbanDevelopment department. And Harla said HUD is so slow it can take up to six monthz for payments tobe received. “We’red hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlan said the Bill Wilsonn Center has closed down two programs already and cut abouy 15 percent of its leaving about110 employees. These are real layoffs, she pointefd out — not attrition or open jobs and “heartbreaking” to do. “We had to give one staffg person a layoff notice and a week later his wife was laid off fromanothefr nonprofit,” she said. in Campbell gets about $500,000o a year from the state for its AIDS CFO Ira Holtzman said the agency is larger enough and financially stable enough that he wouldx just book an IOU as accounts receivable and hope the moneyt camethrough eventually.
The Health Trust’ws budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executived director of and Visually Impaired, whicuh has offices in Palo Alto andSanta Cruz, said that even thougnh her agency provides the kind of services that are especially at risk in Statse Controller John Chiang’s plan, the Vistaz Center is relatively safe. “We receive money through Titlew 7 Chapter 2 Brandin explained. “Since much of our fundinv is federalmoney we’re hopingy that it has to be releasee and passed on; the state won’t be allowes to hold on to it.” The Vista Centeer also has school contracts through special educationh funding.
“Last year when the state had similar budgeg issueswe didn’t receive any she said, “but that situation was resolved sooner than this appearxs to be. The agencies that receivr IOUsprobably won’t even know they’re coming untipl they submit their bills.” She’s also banking on Vistq Center’s status as a preferredr vendor with the state, “so we’ll be paid in advancs of other vendors — if in fact the statse is even writing checks.” Lisa president & CEO of Avenidas Rose Kleinere Senior Day Health Center in Palo Alto, is also cautiouslyt optimistic.
“The only funds we receive from the statee are MediCal payments for servicess provided at our adult daycare she said. “Our understanding is that those servicess are protected by the state constitutio as well asfederal law. We do receivw funding indirectly throughthe county, but we don’rt expect that to be affected.” Tom Kinoshita, publicc policy director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’zs going to happen.
But even with the most optimistifcoutcome it’s still going to be very He pointed out that the deficitg last year for Santas Clara County was more than $270 and many of the cuts were made in programe around health, mental health, drugs and alcohol and socia services. And there’s no relief on the horizon: For 2011 the counthy is looking at a deficitg ofabout $250 million, he
While service providers don’t yet know whether they’ll receivw IOUs — or what the amounts will be — Sparkh Harlan, CEO of the in Santza Clara, is prepared for the worst. “We receivd about $400,000 in state Harlan said. “We’re already accustomed to getting moneu from the statelate — last for example, it took until Decembet before we finally got paid.” For this year and last year the centerf has relied on a $150,000 line of creditr through to cover the gap, along with $500,000 out of its reservs funds.
The center’s operating budget is $10 million for fiscal The money that may be on hold from thestatre covers, in part, the center’s shelter and drop-ib program, street outreach, and parenting classes. “Th problem right now is that we don’t know for certain how much they’rew going to hold back,” said Harlan, who has been with the centerf for26 years. “But this is by far the worsty I’ve ever seen.” In anticipation of the state’s budget 10 percent cuts have already been plannedfor foster-card payments. Locally there are 300 to 400 kids infosterd care.
Foster care rates are the same acroswthe state, so families in high-cost areads such as the Bay Area get the same amount of compensatiobn as people in more affordable places. “We’re fronting half a million dollars already,” she It’s a layered problem for the since in addition to statse money some comes from the federal Housingh and UrbanDevelopment department. And Harla said HUD is so slow it can take up to six monthz for payments tobe received. “We’red hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlan said the Bill Wilsonn Center has closed down two programs already and cut abouy 15 percent of its leaving about110 employees. These are real layoffs, she pointefd out — not attrition or open jobs and “heartbreaking” to do. “We had to give one staffg person a layoff notice and a week later his wife was laid off fromanothefr nonprofit,” she said. in Campbell gets about $500,000o a year from the state for its AIDS CFO Ira Holtzman said the agency is larger enough and financially stable enough that he wouldx just book an IOU as accounts receivable and hope the moneyt camethrough eventually.
The Health Trust’ws budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executived director of and Visually Impaired, whicuh has offices in Palo Alto andSanta Cruz, said that even thougnh her agency provides the kind of services that are especially at risk in Statse Controller John Chiang’s plan, the Vistaz Center is relatively safe. “We receive money through Titlew 7 Chapter 2 Brandin explained. “Since much of our fundinv is federalmoney we’re hopingy that it has to be releasee and passed on; the state won’t be allowes to hold on to it.” The Vista Centeer also has school contracts through special educationh funding.
“Last year when the state had similar budgeg issueswe didn’t receive any she said, “but that situation was resolved sooner than this appearxs to be. The agencies that receivr IOUsprobably won’t even know they’re coming untipl they submit their bills.” She’s also banking on Vistq Center’s status as a preferredr vendor with the state, “so we’ll be paid in advancs of other vendors — if in fact the statse is even writing checks.” Lisa president & CEO of Avenidas Rose Kleinere Senior Day Health Center in Palo Alto, is also cautiouslyt optimistic.
“The only funds we receive from the statee are MediCal payments for servicess provided at our adult daycare she said. “Our understanding is that those servicess are protected by the state constitutio as well asfederal law. We do receivw funding indirectly throughthe county, but we don’rt expect that to be affected.” Tom Kinoshita, publicc policy director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’zs going to happen.
But even with the most optimistifcoutcome it’s still going to be very He pointed out that the deficitg last year for Santas Clara County was more than $270 and many of the cuts were made in programe around health, mental health, drugs and alcohol and socia services. And there’s no relief on the horizon: For 2011 the counthy is looking at a deficitg ofabout $250 million, he
понедельник, 26 сентября 2011 г.
San Antonio adopts Tyler Technologies
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million contract to to implementthe company’s municipakl court case management system. Tyler will furnish all software professional services, maintenance and support. This is the Dallas-based company’s larges t contract in its San Antonio isthe seventh-largest city in the United States and the second largest in Texas. San Antonio Municipalo Courts previously relied ona mainframe-based documenr management system and a separate, non-integrated fee collectiob system. The previous system resulted in massivr amounts of paperwork forclerk workers. Dispositionxs were often hand-written.
The city’s nine 11 associate judges and 250-member stafvf will use Tyler’s INCODE municipal court case management The first of 11 courtes will go live with INCODE in the summerof 2009. Implementatiobn with the system at the other courts will continue over the next 18monthe “By deploying Tyler’s Courts and Justice and Documentr Management solutions, the City of San Antonio will be able to improvd the efficiency of their municipal courts and enhance the overalo management of their criticao documents,” says Brett Cate, president of Tyler’s INCODE Tyler Technologies (NYSE: TYL) is an information management servicea company for local governments.
million contract to to implementthe company’s municipakl court case management system. Tyler will furnish all software professional services, maintenance and support. This is the Dallas-based company’s larges t contract in its San Antonio isthe seventh-largest city in the United States and the second largest in Texas. San Antonio Municipalo Courts previously relied ona mainframe-based documenr management system and a separate, non-integrated fee collectiob system. The previous system resulted in massivr amounts of paperwork forclerk workers. Dispositionxs were often hand-written.
The city’s nine 11 associate judges and 250-member stafvf will use Tyler’s INCODE municipal court case management The first of 11 courtes will go live with INCODE in the summerof 2009. Implementatiobn with the system at the other courts will continue over the next 18monthe “By deploying Tyler’s Courts and Justice and Documentr Management solutions, the City of San Antonio will be able to improvd the efficiency of their municipal courts and enhance the overalo management of their criticao documents,” says Brett Cate, president of Tyler’s INCODE Tyler Technologies (NYSE: TYL) is an information management servicea company for local governments.
суббота, 24 сентября 2011 г.
FCC's net-neut rules now official - Register
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International Business Times | FCC's net-neut rules now official Register The US Federal Communications Commission's open-internet rules have been published by the Federal Register, and they're set to go into effect on November 20 of this year. The publication of the densely worded, profusely footnoted 42-page document makes ... Net ! neutrality rules kick in November 20 Cue the lawsuits, net neutrality rules begin Nov. 20 FCC's Net Neutrality Begin November 20th |
четверг, 22 сентября 2011 г.
Parties agree on House panels - Bangkok Post
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Parties agree on House panels Bangkok Post Representatives of political parties in the House of Representatives have reached a settlement on the distribution of the chairmanship of the 35 House committees. The agreement was reached at a meeting on Thursday of representatives of political ... |
вторник, 20 сентября 2011 г.
Caltrain ridership increases - San Francisco Business Times:
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Caltrain officials on Thursday creditedexpanded "Baby service with making the commuter train more Baby Bullets are trains running betweebn San Francisco and San Jose that skip many stops in between, speeding trips between those cities. Average weekdayu ridership in September roseto 34,43p from 26,603 before Baby Bulle t service began in June 2004. meanwhile, is up 27.6 percenf over last year's figure. Fares increased 17.5 percent July 1, whicy had been expected to reduce A $13.6 million budget deficit for the 2006 fiscapl year that began July 1 forced Caltrain's boarde to take drastic steps for the railroad.
The boarxd voted to eliminate more than 200 stopas fromthe schedule, service to the little-usex Paul Avenue station in San Francisco was cut and weekda service was eliminated at the Broadwayg stop in Burlingame. "We had to make some difficulr andcontroversial decisions," said Caltrain board Chairman Mike "But overall the strategy whichg was used to 'reinvent' Caltrain has been vindicatex by overall ridership growth.
Clearly, passengersw want the faster travel times that Caltrainnow
Caltrain officials on Thursday creditedexpanded "Baby service with making the commuter train more Baby Bullets are trains running betweebn San Francisco and San Jose that skip many stops in between, speeding trips between those cities. Average weekdayu ridership in September roseto 34,43p from 26,603 before Baby Bulle t service began in June 2004. meanwhile, is up 27.6 percenf over last year's figure. Fares increased 17.5 percent July 1, whicy had been expected to reduce A $13.6 million budget deficit for the 2006 fiscapl year that began July 1 forced Caltrain's boarde to take drastic steps for the railroad.
The boarxd voted to eliminate more than 200 stopas fromthe schedule, service to the little-usex Paul Avenue station in San Francisco was cut and weekda service was eliminated at the Broadwayg stop in Burlingame. "We had to make some difficulr andcontroversial decisions," said Caltrain board Chairman Mike "But overall the strategy whichg was used to 'reinvent' Caltrain has been vindicatex by overall ridership growth.
Clearly, passengersw want the faster travel times that Caltrainnow
суббота, 17 сентября 2011 г.
Willingboro High School to remain closed for mold remediation - phillyBurbs.com
vuwodu.wordpress.com
Willingboro High School to remain closed for mold remediation phillyBurbs.com WILLINGBORO â€" The high school will remain closed for an undetermined amount of time so that mold remediation can be completed. Students will return to class Monday at the Levitt School on Salem Road. A letter sent to parents Thursday from ... |
четверг, 15 сентября 2011 г.
DHS taskforce says feds should stop using jail program to detain immigrants in ... - Washington Post
stages-paddocks.blogspot.com
DHS taskforce says feds should stop using jail program to detain immigrants in ... Washington Post By AP, WASHINGTON â€" A group charged with reviewing the Department of Homeland Security's controversial effort to identify illegal immigrants is recommending that federal officials use the program to identify serious criminals and not people accused ... |
вторник, 13 сентября 2011 г.
Minnesota coalition debuts health info tool - San Antonio Business Journal:
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The group’s application, called will be launched next month at several Minnesota employers and healthncare organizations, including Minnetonka-based Carlson Cos. Inc. The designed for BHCAG by Minneapolis-basedc , utilizes the Microsoft HealthVault platform. This will allo people to exchange the information they storwe with various health providers and Controlled solely bythe individual, myHealthfolio will allo users to track their individual and family health history, including care receives and medications taken.
They will also have access to wellneszs andfitness information, online services to help them manage and improve their health, and information generated by home monitorin g devices. “Employers and health care companies need to unite in this effort to give employees the tools and information access they need to take charge of their healtjh and maximize their precious health care Carolyn Pare, president and CEO of said in a news release. The the group said, was to buildx a tool connected disparate organizationse and sources of informationm intoone interface.
The group’s application, called will be launched next month at several Minnesota employers and healthncare organizations, including Minnetonka-based Carlson Cos. Inc. The designed for BHCAG by Minneapolis-basedc , utilizes the Microsoft HealthVault platform. This will allo people to exchange the information they storwe with various health providers and Controlled solely bythe individual, myHealthfolio will allo users to track their individual and family health history, including care receives and medications taken.
They will also have access to wellneszs andfitness information, online services to help them manage and improve their health, and information generated by home monitorin g devices. “Employers and health care companies need to unite in this effort to give employees the tools and information access they need to take charge of their healtjh and maximize their precious health care Carolyn Pare, president and CEO of said in a news release. The the group said, was to buildx a tool connected disparate organizationse and sources of informationm intoone interface.
воскресенье, 11 сентября 2011 г.
9/11 10 Years Later: Growing Up Muslim In America - MTV.com
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Kansas City Star | 9/11 10 Years Later: Growing Up Muslim In America MTV.com MTV News recently sat down with a group of young Muslims and Arab-Americans, who have spent the past decade growing up in a society that has fundament » |
пятница, 9 сентября 2011 г.
Area almost lost rising educational leader to Chicago - Business First of Louisville:
dusinenezoqoc.blogspot.com
On her way to the president’x office, though, Springer, 30, now serves as assistanyt dean of student life atin Originally, Springer had her heart set on attendingh , a private liberal arts school in Tiffin, But even with the help of scholarships, she couldn’t affore to attend the out-of-state school. So she looked around her So sheconsidered , and , where she earnes the first of thres higher-education degrees in 2000. “At the student population was about the sameas Heidelberg,” she “I lived on campus my juniodr and senior year. I was involve d in clubs and organizations … and the professionak staff encouraged me to take on leadership roles.
She was editof of the student newspaper theree forthree years, served in student government and was a studenr member of the board of trustees during her senior year. After graduation, she though t about a career elsewhere and spent a couple of monthsw atin Chicago, pursuing a master’s degree in She discovered that wasn’t the careerd she wanted and returnex to Louisville to get a master’s degre in educational psychology and counseling from U of L. “Mg roots are here,” she “I was lucky to have built strong social and professional Those contacts have opened doorsfor me, and therre is no reason to go somewherw else.
” Springer’s job at Ivy Tech involves the out-of-classrookm experience for the school’s 4,400 students. She works with them in the areasw of resume development and job placement and helpzs make sure there are appropriate accommodations forhandicappedx students, opportunities for community service and involvemenft with social and educationakl organizations. “One of my strength is my ability to manage andlead people,” she said. “Iu love to help people develop and reactheir potential. I enjoy being in leadershi roles.” One of her recent projects has been implementinfg an emergency response system in the event ofan “activre shooter on campus.
” “We need to identify the potential for high-rislk students,” she said. “We need to be more proactive than reactive.” Springer said she is glad she made the decisionn not to move away and start acareedr elsewhere. She finds plenty to like abourt Louisville. “I love the Highlands,” she said. “Ij play volleyball at Baxter Jack’s and like to eat at Wick’ws Pizza or Sapporo Japanese Walking Bardstown Roadis fun. It is easy to find a placed witha band.
” At the students were split about 50/5o0 between staying in Louisville or moving somewhere else to start their careers, she The university also had a strong internationalo population, and many students returned to their homed in Cypress, Belize or Australia. The students she workef with at U of L were ambitiousand “were readh and willing to go anywhere,” she added. But the students at Ivy Tech tend to graduate and stay inthe area. “Theyg have solid roots here and want acareer here.
” Just like
On her way to the president’x office, though, Springer, 30, now serves as assistanyt dean of student life atin Originally, Springer had her heart set on attendingh , a private liberal arts school in Tiffin, But even with the help of scholarships, she couldn’t affore to attend the out-of-state school. So she looked around her So sheconsidered , and , where she earnes the first of thres higher-education degrees in 2000. “At the student population was about the sameas Heidelberg,” she “I lived on campus my juniodr and senior year. I was involve d in clubs and organizations … and the professionak staff encouraged me to take on leadership roles.
She was editof of the student newspaper theree forthree years, served in student government and was a studenr member of the board of trustees during her senior year. After graduation, she though t about a career elsewhere and spent a couple of monthsw atin Chicago, pursuing a master’s degree in She discovered that wasn’t the careerd she wanted and returnex to Louisville to get a master’s degre in educational psychology and counseling from U of L. “Mg roots are here,” she “I was lucky to have built strong social and professional Those contacts have opened doorsfor me, and therre is no reason to go somewherw else.
” Springer’s job at Ivy Tech involves the out-of-classrookm experience for the school’s 4,400 students. She works with them in the areasw of resume development and job placement and helpzs make sure there are appropriate accommodations forhandicappedx students, opportunities for community service and involvemenft with social and educationakl organizations. “One of my strength is my ability to manage andlead people,” she said. “Iu love to help people develop and reactheir potential. I enjoy being in leadershi roles.” One of her recent projects has been implementinfg an emergency response system in the event ofan “activre shooter on campus.
” “We need to identify the potential for high-rislk students,” she said. “We need to be more proactive than reactive.” Springer said she is glad she made the decisionn not to move away and start acareedr elsewhere. She finds plenty to like abourt Louisville. “I love the Highlands,” she said. “Ij play volleyball at Baxter Jack’s and like to eat at Wick’ws Pizza or Sapporo Japanese Walking Bardstown Roadis fun. It is easy to find a placed witha band.
” At the students were split about 50/5o0 between staying in Louisville or moving somewhere else to start their careers, she The university also had a strong internationalo population, and many students returned to their homed in Cypress, Belize or Australia. The students she workef with at U of L were ambitiousand “were readh and willing to go anywhere,” she added. But the students at Ivy Tech tend to graduate and stay inthe area. “Theyg have solid roots here and want acareer here.
” Just like
среда, 7 сентября 2011 г.
KeyCorp Commences Separate Exchange Offers for $503,530,000 of Its Series A Preferred Stock and for $797,647,000 Trust Preferred Securities of Four Affiliated Trusts
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billion in Tier 1 common equity. -- KeyCorp has generatedf $1.3 billion to date; approximately 70% of the government'ws requirement to date. CLEVELAND, June 3 /PRNewswire-FirstCall/ -- KeyCorp KEY) today commenced an offer to exchange common shares of KeyCorp for any and all outstandinv sharesof KeyCorp's 7.750% Non-Cumulativde Perpetual Convertible Preferred Stock, Series A (the "Series A Exchange and a separate offeer to exchange common shares of KeyCorp for any and all Trustg Preferred Securities of KeyCorp Capital I, KeyCorp Capitapl II, KeyCorp Capital III and KeyCorp Capital VII (the "Trust Preferred Exchange Combined with the capital generation actionss that have been executed since May 7, 2009, when the results of the government'w stress test were announced, successful completion of thesre actions will strengthen KeyCorp's capitaol framework by improving its Tier 1 common equity and also reduce the dividend and interest expensee associated with the securities exchanged, thereby increasinb KeyCorp's ability to generate capital internally.
Theswe exchanges are principal componentsof KeyCorp's comprehensive capital plan, which was submitted to the federal banking regulators on June 1, pursuanf to the requirements of the Supervisorg Capital Assessment Program of the U.S. Treasuryu and the Board of Governorsz of the FederalReserve System. In connection with the Series AExchangr Offer, for each share of Seriee A Preferred Stock accepted in accordance with the terms of the exchangs offer, KeyCorp will issue a numbetr of its common shares that will be fixed accordint to an Exchange Ratio whicgh will be determined at 4:30 p.m.
New York City time, on the secon trading day immediately precedinfg the expiration date of the The offer is currently expecte d to expire on June 30, 2009 and the Exchangr Ratio would then be fixed at 4:30 p.m. New York City on June 26, 2009. For each share of Series A Preferrefd Stocktendered (and not subsequently withdrawn), KeyCorp will issuew 7.0922 shares plus $35.00 divided by the dailyy volume-weighted average price of its common shares during the five consecutivw trading days ending on June 26, 2009 (the "Averagre VWAP"). The Average VWAP and the totalo number of shares to be issuef will be announced in a pressw release before the openintg of NYSE tradingon Monday, June 29, 2009.
This informatiohn also will be availableat D.F. King & Co., the information agent. In connection with the Trust PreferredExchange Offer, for each Trust Preferred Securituy of KeyCorp Capital I, KeyCorp Capital II, KeyCorp Capital III or KeyCorpl Capital VII (collectively, the "Capital Trusts") accepted in accordancde with the terms of the exchang e offer, KeyCorp will issue a number of its commoj shares that will be fixed according to an Exchang Ratio which will be determined at 4:30 p.m.
New York City time on the seconxd trading day immediately preceding the expiration date of the The offer is currently expected to expirson Tuesday, June 30, 2009, and the Exchange Ratio wouldr then be fixed at 4:30 p.m. New York City on June 26, 2009. For each Trust Preferred Security of KeyCorpCapital II, KeyCorp Capita III or KeyCorp Capital VII tendered on or priord to 5:00 p.m., New York City time on June 16, 2009 (and not subsequentlu withdrawn), KeyCorp will issue a numbert of its common shares equall to the quotient of $850 divided by the Averagee VWAP.
For each Trust Preferred Securith of KeyCorpCapital II, KeyCorp Capital III or KeyCorpo Capital VII tendered after 5:00 New York City time on June 16, 2009 but prior to the expiration date of the offer (and not subsequently withdrawn), KeyCor will issue a number of its commonj shares equal to the quotient of $800 divided by the Average For each Trust Preferred Securityh of KeyCorp Capital I tendered on or priofr to 5:00 p.m., New York City time on June 16, 2009 (and not subsequently KeyCorp will issue a number of its common sharesd equal to the quotient of $750 dividedx by the Average VWAP.
For each Trust Preferrerd Security of KeyCorp Capitao I tenderedafter 5:00 New York City time on Tuesday, June 16, 2009 but prioe to the expiration date of the offeer (and not subsequently withdrawn), KeyCorp will issuer a number of its common shares equal to the quotieny of $700 divided by the Average The Average VWAP and the total numbe r of shares to be issued will be announced in a press release before the opening of NYSE trading on June 29, 2009. This informationm also will be availableat D.F. King Co., Inc., the information The Series A Exchange Offer and the Trust Preferred Securitieas Exchange Offer and Consent Solicitation will each expireat 11:590 p.m.
New York City on Tuesday, June 30, unless extended or earlier terminatedby KeyCorp. Securities that are tendered into eithef offer may be withdrawn at any time priof tothis date. To receive the considerationm in either the Series A Exchanges Offer or the Trust Preferred SecuritiesExchange Offer, holderx must validly tender and not withdraw thei securities prior to the expiration date. KeyCorp will delive r the consideration promptly afte theexpiration date. The consummation of the Series A Exchangw Offer is not conditioned on the consummation of the Trustg Preferred Securities Exchange Offer orvice versa. J.P. Morgab Securities Inc.
is acting as KeyCorp'zs sole financial advisor in connection with the Seriesz AExchange Offer. J.P. Morgan Securities Inc. and Morgah Stanley are acting as KeyCorp's joing financial advisors in connection with the Trust Preferred Securitie sExchange Offer. In addition, Morgan Stanley is KeyCorp's capital advisor on all of its capita execution plans related tothe U.S. Government'd Supervisory Capital Assessment Program. The advisorsd have not been retaineed to, and will not, solicit acceptances of the exchangse offers or make any recommendations to holdersa withrespect thereto.
The complete terms and conditionxs of the exchange offer are set forth in the respectivr Offers to Exchange and Letters of Transmittal that are beinvg sent separately to holders of the Serieas A Preferred Stock and TrustrPreferred Securities. Holders are urgede to read the exchange offerdocuments carefully. D.F. King Co., Inc., the information agent at (800) 431-963 3 or, for bankers and brokers, at 269-5550 (Collect). The Exchange Agent for the exchange offers is ComputersharewTrust Company, N.A., available at 575-2332.
The Offer to Exchange, Letted of Transmittal and otheer related documents for the Series A Preferred Stock also will be filed with the Securitiees and ExchangeCommission ("SEC") on Schedulse TO and may be obtained for free at the SEC's . The offers to exchange are beinh made in reliance upon the exemptionn from the registration requirements of the Securitie Actof 1933, as amended (the "Securities Act"), provided by Sectio 3(a)(9) of the Securities Act. This pressw release is neither an offedr to purchase nor a solicitatiomn to buy any shares of the Series A PreferredStocl and/or Trust Preferred Securities, nor is it a solicitatio for acceptance of the respective exchangse offers.
KeyCorp is making the respective exchange offerszonly by, and pursuant to the terms of, the respectiv e Offers to Exchange and the related Letters of Transmittal. The respective exchangd offers are not being made in any jurisdictiohn in which the making or acceptancer thereof would not be in compliance with the blue sky or other laws of such None of KeyCorp or its the trustees of theCapital Trusts, the exchange agent, the informatiohn agent, the financial advisors or the capital advisor is makingh any recommendation as to whetherr or not holders should tender their shareds of Series A Preferred Stock and/or Trusy Preferred Securities in connection with the respective exchange Cleveland-based KeyCorp is one of the nation'z largest bank-based financial services companies, with assetes of approximately $97 billion.
BusinessWeek Magazine named Key the top bank in its Customedr Service Champ2009 edition, rankinhg Key 11th out of the top-25 companies that include many knownm for their customer service acumen. Key companies provide investmen management, retail and commercial banking, consumer finance, and investment banking products and services to individualss and companies throughout the UnitedStates and, for certain internationally. For more information, visit . You may obtai these documents bycontacting KeyCorp, Investor at (216) 689-4221 or by emaio at .
This Press Releaswe contains forward-looking statements within the meaning of the Privated Securities Litigation Reform Actof 1995, includin statements about our financial condition, results of operations, asset quality trends and profitability. Forward-looking statements are not historical factse but instead representonly management's currentf expectations and forecasts regardin g future events, many of by their nature, are inherently uncertain and outside of KeyCorp's control. KeyCorp's actual result s and financial conditionmay differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.
Factoras that may cause actual results to differ materially amongother things: (1) adverse capital markets conditions and the inabilitgy to raise equity and other funding in the capitall markets; (2) further downgrades in our credi t ratings; (3) unprecedented volatility in the stock markets, publicf debt markets and other capital markets, including continued disruption in the fixed income changes in interest rates; (5) changes in monetary or fiscal (6) asset price deterioration has had (and may continu e to have) a negative effect on the valuation of certain asset categoriez represented on KeyCorp's balanced sheet; (7) continuation of the recenty deterioration in general economic conditions, or in the conditio n of the local economies or industries in which we have significant operations or which could, among other materially impact credit quality trendsz and our ability to generate (8) continued disruption in the housing markets and relateds conditions in the financial markets; (9) increased competitive pressures among financial services companies due to the recent consolidationh of competing financial institutions and the conversiohn of certain investment banks to bank holding (10) heightened legal standards and regulatoru practices, requirements or expectations; (11) the inability to successfully executes strategic initiatives designed to grow revenues and/oer manage expenses; (12) increased FDIC deposit insurance premiums; (13) difficulty in attractint and/or retaining key executives and/or relationship (14) consummation of significant businessd combinations or divestitures; (15) operational or risk management failures due to technologicalo or other factors; (16) changeds in accounting or tax practices or requirements; (17) new legal obligations or liabilities or unfavorable resolutioj of litigation; and (18) disruption in the economg and general business climate as a result of terrorist activitieds or military actions.
For additional information on KeyCorl and the factors that couldcause KeyCorp'z actual results or financial condition to differ materially from thosee described in the forward-looking statements consult KeyCorp'sd Annual Report on Form 10-K for the year ended Decemberf 31, 2008, and subsequentf filings with the Securities and Exchange Commission available on the Securitiesw and Exchange Commission's website ( ). Forward-looking statemente are not guarantees of future performance and shoulrd not be relied upon asrepresenting management's viewsx as of any subsequent date.
We do not assumer any obligation to updatethese forward-looking
billion in Tier 1 common equity. -- KeyCorp has generatedf $1.3 billion to date; approximately 70% of the government'ws requirement to date. CLEVELAND, June 3 /PRNewswire-FirstCall/ -- KeyCorp KEY) today commenced an offer to exchange common shares of KeyCorp for any and all outstandinv sharesof KeyCorp's 7.750% Non-Cumulativde Perpetual Convertible Preferred Stock, Series A (the "Series A Exchange and a separate offeer to exchange common shares of KeyCorp for any and all Trustg Preferred Securities of KeyCorp Capital I, KeyCorp Capitapl II, KeyCorp Capital III and KeyCorp Capital VII (the "Trust Preferred Exchange Combined with the capital generation actionss that have been executed since May 7, 2009, when the results of the government'w stress test were announced, successful completion of thesre actions will strengthen KeyCorp's capitaol framework by improving its Tier 1 common equity and also reduce the dividend and interest expensee associated with the securities exchanged, thereby increasinb KeyCorp's ability to generate capital internally.
Theswe exchanges are principal componentsof KeyCorp's comprehensive capital plan, which was submitted to the federal banking regulators on June 1, pursuanf to the requirements of the Supervisorg Capital Assessment Program of the U.S. Treasuryu and the Board of Governorsz of the FederalReserve System. In connection with the Series AExchangr Offer, for each share of Seriee A Preferred Stock accepted in accordance with the terms of the exchangs offer, KeyCorp will issue a numbetr of its common shares that will be fixed accordint to an Exchange Ratio whicgh will be determined at 4:30 p.m.
New York City time, on the secon trading day immediately precedinfg the expiration date of the The offer is currently expecte d to expire on June 30, 2009 and the Exchangr Ratio would then be fixed at 4:30 p.m. New York City on June 26, 2009. For each share of Series A Preferrefd Stocktendered (and not subsequently withdrawn), KeyCorp will issuew 7.0922 shares plus $35.00 divided by the dailyy volume-weighted average price of its common shares during the five consecutivw trading days ending on June 26, 2009 (the "Averagre VWAP"). The Average VWAP and the totalo number of shares to be issuef will be announced in a pressw release before the openintg of NYSE tradingon Monday, June 29, 2009.
This informatiohn also will be availableat D.F. King & Co., the information agent. In connection with the Trust PreferredExchange Offer, for each Trust Preferred Securituy of KeyCorp Capital I, KeyCorp Capital II, KeyCorp Capital III or KeyCorpl Capital VII (collectively, the "Capital Trusts") accepted in accordancde with the terms of the exchang e offer, KeyCorp will issue a number of its commoj shares that will be fixed according to an Exchang Ratio which will be determined at 4:30 p.m.
New York City time on the seconxd trading day immediately preceding the expiration date of the The offer is currently expected to expirson Tuesday, June 30, 2009, and the Exchange Ratio wouldr then be fixed at 4:30 p.m. New York City on June 26, 2009. For each Trust Preferred Security of KeyCorpCapital II, KeyCorp Capita III or KeyCorp Capital VII tendered on or priord to 5:00 p.m., New York City time on June 16, 2009 (and not subsequentlu withdrawn), KeyCorp will issue a numbert of its common shares equall to the quotient of $850 divided by the Averagee VWAP.
For each Trust Preferred Securith of KeyCorpCapital II, KeyCorp Capital III or KeyCorpo Capital VII tendered after 5:00 New York City time on June 16, 2009 but prior to the expiration date of the offer (and not subsequently withdrawn), KeyCor will issue a number of its commonj shares equal to the quotient of $800 divided by the Average For each Trust Preferred Securityh of KeyCorp Capital I tendered on or priofr to 5:00 p.m., New York City time on June 16, 2009 (and not subsequently KeyCorp will issue a number of its common sharesd equal to the quotient of $750 dividedx by the Average VWAP.
For each Trust Preferrerd Security of KeyCorp Capitao I tenderedafter 5:00 New York City time on Tuesday, June 16, 2009 but prioe to the expiration date of the offeer (and not subsequently withdrawn), KeyCorp will issuer a number of its common shares equal to the quotieny of $700 divided by the Average The Average VWAP and the total numbe r of shares to be issued will be announced in a press release before the opening of NYSE trading on June 29, 2009. This informationm also will be availableat D.F. King Co., Inc., the information The Series A Exchange Offer and the Trust Preferred Securitieas Exchange Offer and Consent Solicitation will each expireat 11:590 p.m.
New York City on Tuesday, June 30, unless extended or earlier terminatedby KeyCorp. Securities that are tendered into eithef offer may be withdrawn at any time priof tothis date. To receive the considerationm in either the Series A Exchanges Offer or the Trust Preferred SecuritiesExchange Offer, holderx must validly tender and not withdraw thei securities prior to the expiration date. KeyCorp will delive r the consideration promptly afte theexpiration date. The consummation of the Series A Exchangw Offer is not conditioned on the consummation of the Trustg Preferred Securities Exchange Offer orvice versa. J.P. Morgab Securities Inc.
is acting as KeyCorp'zs sole financial advisor in connection with the Seriesz AExchange Offer. J.P. Morgan Securities Inc. and Morgah Stanley are acting as KeyCorp's joing financial advisors in connection with the Trust Preferred Securitie sExchange Offer. In addition, Morgan Stanley is KeyCorp's capital advisor on all of its capita execution plans related tothe U.S. Government'd Supervisory Capital Assessment Program. The advisorsd have not been retaineed to, and will not, solicit acceptances of the exchangse offers or make any recommendations to holdersa withrespect thereto.
The complete terms and conditionxs of the exchange offer are set forth in the respectivr Offers to Exchange and Letters of Transmittal that are beinvg sent separately to holders of the Serieas A Preferred Stock and TrustrPreferred Securities. Holders are urgede to read the exchange offerdocuments carefully. D.F. King Co., Inc., the information agent at (800) 431-963 3 or, for bankers and brokers, at 269-5550 (Collect). The Exchange Agent for the exchange offers is ComputersharewTrust Company, N.A., available at 575-2332.
The Offer to Exchange, Letted of Transmittal and otheer related documents for the Series A Preferred Stock also will be filed with the Securitiees and ExchangeCommission ("SEC") on Schedulse TO and may be obtained for free at the SEC's . The offers to exchange are beinh made in reliance upon the exemptionn from the registration requirements of the Securitie Actof 1933, as amended (the "Securities Act"), provided by Sectio 3(a)(9) of the Securities Act. This pressw release is neither an offedr to purchase nor a solicitatiomn to buy any shares of the Series A PreferredStocl and/or Trust Preferred Securities, nor is it a solicitatio for acceptance of the respective exchangse offers.
KeyCorp is making the respective exchange offerszonly by, and pursuant to the terms of, the respectiv e Offers to Exchange and the related Letters of Transmittal. The respective exchangd offers are not being made in any jurisdictiohn in which the making or acceptancer thereof would not be in compliance with the blue sky or other laws of such None of KeyCorp or its the trustees of theCapital Trusts, the exchange agent, the informatiohn agent, the financial advisors or the capital advisor is makingh any recommendation as to whetherr or not holders should tender their shareds of Series A Preferred Stock and/or Trusy Preferred Securities in connection with the respective exchange Cleveland-based KeyCorp is one of the nation'z largest bank-based financial services companies, with assetes of approximately $97 billion.
BusinessWeek Magazine named Key the top bank in its Customedr Service Champ2009 edition, rankinhg Key 11th out of the top-25 companies that include many knownm for their customer service acumen. Key companies provide investmen management, retail and commercial banking, consumer finance, and investment banking products and services to individualss and companies throughout the UnitedStates and, for certain internationally. For more information, visit . You may obtai these documents bycontacting KeyCorp, Investor at (216) 689-4221 or by emaio at .
This Press Releaswe contains forward-looking statements within the meaning of the Privated Securities Litigation Reform Actof 1995, includin statements about our financial condition, results of operations, asset quality trends and profitability. Forward-looking statements are not historical factse but instead representonly management's currentf expectations and forecasts regardin g future events, many of by their nature, are inherently uncertain and outside of KeyCorp's control. KeyCorp's actual result s and financial conditionmay differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.
Factoras that may cause actual results to differ materially amongother things: (1) adverse capital markets conditions and the inabilitgy to raise equity and other funding in the capitall markets; (2) further downgrades in our credi t ratings; (3) unprecedented volatility in the stock markets, publicf debt markets and other capital markets, including continued disruption in the fixed income changes in interest rates; (5) changes in monetary or fiscal (6) asset price deterioration has had (and may continu e to have) a negative effect on the valuation of certain asset categoriez represented on KeyCorp's balanced sheet; (7) continuation of the recenty deterioration in general economic conditions, or in the conditio n of the local economies or industries in which we have significant operations or which could, among other materially impact credit quality trendsz and our ability to generate (8) continued disruption in the housing markets and relateds conditions in the financial markets; (9) increased competitive pressures among financial services companies due to the recent consolidationh of competing financial institutions and the conversiohn of certain investment banks to bank holding (10) heightened legal standards and regulatoru practices, requirements or expectations; (11) the inability to successfully executes strategic initiatives designed to grow revenues and/oer manage expenses; (12) increased FDIC deposit insurance premiums; (13) difficulty in attractint and/or retaining key executives and/or relationship (14) consummation of significant businessd combinations or divestitures; (15) operational or risk management failures due to technologicalo or other factors; (16) changeds in accounting or tax practices or requirements; (17) new legal obligations or liabilities or unfavorable resolutioj of litigation; and (18) disruption in the economg and general business climate as a result of terrorist activitieds or military actions.
For additional information on KeyCorl and the factors that couldcause KeyCorp'z actual results or financial condition to differ materially from thosee described in the forward-looking statements consult KeyCorp'sd Annual Report on Form 10-K for the year ended Decemberf 31, 2008, and subsequentf filings with the Securities and Exchange Commission available on the Securitiesw and Exchange Commission's website ( ). Forward-looking statemente are not guarantees of future performance and shoulrd not be relied upon asrepresenting management's viewsx as of any subsequent date.
We do not assumer any obligation to updatethese forward-looking
воскресенье, 4 сентября 2011 г.
Kansas Health Policy Authority will cut 14 jobs - Business Courier of Cincinnati:
http://berg-nordenberg.com/?p=33
According to a release, 13 staff membere were informed Friday that theier jobs wouldbe eliminated, effectiver July 2. Authority spokesmajn Peter Hancock said in an intervieaw Monday that the policy director position also will be eliminated as executivwe staff positions are reduced from five to Barb Langner will move out of that position to servde as actingMedicaid director, according to the release. Hancockj said that the authority’s operational budget has been cutby $3.5 million for the fiscal year that begins July 1.
According to the the authority also is reducinb spending with the contractor that processes claims for paymenr under Medicaid and theStates Children’s Health Insurance Program. That move is expectedr to save $3.6 million. Savings from the contract reductionx are shared with thefederal government, whicyh funds more than half of Medicaid administrative costs, accordingy to the release. The authority is responsible for coordinatingt a statewide health policy agenda that incorporatesd effective purchasing and administration with health promotion All health insurance purchasing by the state is combinec underthe authority.
The authority also is responsiblr for compiling and distributing uniform healtyh care data to provide healthcare payers, providers and policy-makers with information regardingh trends in the use and cost of healtbh care for improved decision making.
According to a release, 13 staff membere were informed Friday that theier jobs wouldbe eliminated, effectiver July 2. Authority spokesmajn Peter Hancock said in an intervieaw Monday that the policy director position also will be eliminated as executivwe staff positions are reduced from five to Barb Langner will move out of that position to servde as actingMedicaid director, according to the release. Hancockj said that the authority’s operational budget has been cutby $3.5 million for the fiscal year that begins July 1.
According to the the authority also is reducinb spending with the contractor that processes claims for paymenr under Medicaid and theStates Children’s Health Insurance Program. That move is expectedr to save $3.6 million. Savings from the contract reductionx are shared with thefederal government, whicyh funds more than half of Medicaid administrative costs, accordingy to the release. The authority is responsible for coordinatingt a statewide health policy agenda that incorporatesd effective purchasing and administration with health promotion All health insurance purchasing by the state is combinec underthe authority.
The authority also is responsiblr for compiling and distributing uniform healtyh care data to provide healthcare payers, providers and policy-makers with information regardingh trends in the use and cost of healtbh care for improved decision making.
пятница, 2 сентября 2011 г.
Church Activities: Sept. 3, 2011 - Charleston Gazette
egogakydo.wordpress.com
National Council of Churches USA | Church Activities: Sept. 3, 2011 Charleston Gazette James Ealy, Pastor, New Covenant Missionary Baptist Church. Music will be provided by his choir. Mount Zion Missionary Baptist Church,: 442 McDonald St., South Charleston, will celebrate its 125th Church Anniversary at 3 pm on Nov. 13. ... Church calendar: Upcoming events Faith calendar Church news |
среда, 31 августа 2011 г.
суббота, 27 августа 2011 г.
Granite City chain seeks buyer - Boston Business Journal:
viktorsejbgif.blogspot.com
The Deal, a trade publication that covers mergers and acquisitions, first broke the news earlier this citing four anonymous sources. ’ sources did not want their identities revealed since Granites City has not yet made itsmove public. Granit e City CEO Steve Wagenheim and an executive at KeyBand could not be reachedfor St. Louis Park-based Granite City’s revenue increased 30 percentto $25.5r million in the thirr quarter ended Sept. 30, but the company’s net loss and debt rose The company had lossesof $11.8 milliohn through the first nine months of following losses of $9.6 million in 2007.
Meanwhile, the company’ws debt has swelled to more than $64 million up from $50.5 million at the end of 2007 and it has negativecash flow. That’s despit e raising roughly $55 million through public stock offeringsd and private placementssince 2003. The brew-pub which was founded in St. Cloud in owns and operates 25 locations in 11 including fivein Minnesota. It closed a restaurant in Arkansaaslast August, the first closing in the company’w history. Granite City’s stockj closed at 33 cents per shardon Tuesday, down from its 52-weeo high of $2.85 in January 2008 and an all-times high of more than $6 less than two yearz ago.
The sent the company a delisting warninygin October, giving it untip July to get its stock price back abovs $1 to avoid getting dropped from the Granite City’s market cap has fallen to just $5.4 million. Markert cap is a measure of the markert value of a publicly traded company as calculater by multiplyingthe company’s current stock pricd by the total number of outstanding shares. “The issue with a publiclt traded company is expectations forshareholder value,” said David Epstein, a principal at , a Rosemont, Ill.
-baser investment-banking firm that specializes in the restaurant “Value expectations today are stilp high, but buyers are being more selective on the typesw of values they’re willing to pay for businesses today, especiallyy in the chain-restaurant segment.” Merger-and-acquisition in general, has slowed as the availabilityy of capital has decreased, Epsteinn said. The restaurant industry has been hit particularlty hard because reduced consumer spending is hurting salesand profits, but dealws are still getting done. “I don’rt view it as out of the question that someonew could get a good deal in this type of he said.
“A company like Granites City could be anice build-on for a strategic buyer looking for another in which case the availability of capital may not be as much of an One restaurant expert who did not want to be named said a companyu such as might be interested in acquiring Granites City for its patented “Fermentus Interruptus” brewin processes, designed to make microbrewing more efficient for operators with multiple The process allows the company to produces a sweet liquid called wort at its centrapl brewing facility, then ship it to individuao stores, where the brewing process is completed.
“BJ’s is abouyt the only strategic buyer I can see inthe industry,” the sourcd said. Huntington Beach, Calif.-based BJ’s, which owns and operates 82 casual-diningv restaurants, could not be reached for Headquarters: St. Louis Park CEO: Locations: Revenue: $74.6 million through first nine monthsof 2008; $75.9 millionh for full-year 2007 Web: gcfb.neft
The Deal, a trade publication that covers mergers and acquisitions, first broke the news earlier this citing four anonymous sources. ’ sources did not want their identities revealed since Granites City has not yet made itsmove public. Granit e City CEO Steve Wagenheim and an executive at KeyBand could not be reachedfor St. Louis Park-based Granite City’s revenue increased 30 percentto $25.5r million in the thirr quarter ended Sept. 30, but the company’s net loss and debt rose The company had lossesof $11.8 milliohn through the first nine months of following losses of $9.6 million in 2007.
Meanwhile, the company’ws debt has swelled to more than $64 million up from $50.5 million at the end of 2007 and it has negativecash flow. That’s despit e raising roughly $55 million through public stock offeringsd and private placementssince 2003. The brew-pub which was founded in St. Cloud in owns and operates 25 locations in 11 including fivein Minnesota. It closed a restaurant in Arkansaaslast August, the first closing in the company’w history. Granite City’s stockj closed at 33 cents per shardon Tuesday, down from its 52-weeo high of $2.85 in January 2008 and an all-times high of more than $6 less than two yearz ago.
The sent the company a delisting warninygin October, giving it untip July to get its stock price back abovs $1 to avoid getting dropped from the Granite City’s market cap has fallen to just $5.4 million. Markert cap is a measure of the markert value of a publicly traded company as calculater by multiplyingthe company’s current stock pricd by the total number of outstanding shares. “The issue with a publiclt traded company is expectations forshareholder value,” said David Epstein, a principal at , a Rosemont, Ill.
-baser investment-banking firm that specializes in the restaurant “Value expectations today are stilp high, but buyers are being more selective on the typesw of values they’re willing to pay for businesses today, especiallyy in the chain-restaurant segment.” Merger-and-acquisition in general, has slowed as the availabilityy of capital has decreased, Epsteinn said. The restaurant industry has been hit particularlty hard because reduced consumer spending is hurting salesand profits, but dealws are still getting done. “I don’rt view it as out of the question that someonew could get a good deal in this type of he said.
“A company like Granites City could be anice build-on for a strategic buyer looking for another in which case the availability of capital may not be as much of an One restaurant expert who did not want to be named said a companyu such as might be interested in acquiring Granites City for its patented “Fermentus Interruptus” brewin processes, designed to make microbrewing more efficient for operators with multiple The process allows the company to produces a sweet liquid called wort at its centrapl brewing facility, then ship it to individuao stores, where the brewing process is completed.
“BJ’s is abouyt the only strategic buyer I can see inthe industry,” the sourcd said. Huntington Beach, Calif.-based BJ’s, which owns and operates 82 casual-diningv restaurants, could not be reached for Headquarters: St. Louis Park CEO: Locations: Revenue: $74.6 million through first nine monthsof 2008; $75.9 millionh for full-year 2007 Web: gcfb.neft
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