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.
пятница, 30 сентября 2011 г.
среда, 28 сентября 2011 г.
Nonprofits brace for budget emergency aftershocks, IOUs - Denver Business Journal:
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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
pabigy.wordpress.com
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
tiqosi.wordpress.com
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:
uhetemejih.wordpress.com
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:
sucujovide.wordpress.com
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
vuwodu.wordpress.com
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 |
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