deeshu-tatum.blogspot.com
As of June 15, the cash-out pricexs on millions of shares of common stock held by the governmengt in warrants from 10 North Carolina banks averaged 32 percent below the targetedpurchasw prices, according to Subsidyscope, a new Washington, watchdog group. Take Elkin-based , ownefr of in Durham, for example. As part of its Jan. 16 agreemengt to participate in the federal Troubled AssetRelier Program, or TARP, Yadkin agreed to give the governmenf warrants for 385,990 shares of commonh stock at a strike price of (A warrant is an optiomn to buy shares in a companty at a fixed price, called the strike As of that day, the warrant s were worth $5.4 million.
Monday, July 30, 2012
Sunday, July 29, 2012
Backpage.com led to exploitation, says suit involving 2 Pierce girls - TheNewsTribune.com
elisovadinaimar.blogspot.com
Backpage.com led to exploitation, says suit involving 2 Pierce girls TheNewsTribune.com Backpage.com led to exploitation, says suit involving 2 Pierce girls. They were underage girls. Two were 13, from Pierce County. One was 15, from King County. They ran away from home, into the arms of the wrong men: pimps who sold them online for sex. |
Friday, July 27, 2012
Researcher Wins $200000 Prize From Microsoft for New Exploit Mitigation ... - PCWorld (blog)
ejyceh.wordpress.com
BetaNews | Researcher Wins $200000 Prize From Microsoft for New Exploit Mitigation ... PCWorld (blog) Security researcher and Columbia University PhD student Vasilis Pappas was announced the winner of the Microsoft BlueHat Prize contest for an exploit mitigation technology c » |
Wednesday, July 25, 2012
'Absolutely Fabulous: Olympics Special' and 'Going for Gold - The '48 Games ... - Broadway World
cicugaha.wordpress.com
Telegraph.co.uk | 'Absolutely Fabulous: Olympics Special' and 'Going for Gold - The '48 Games ... Broadway World BBC AMERICA's Summer of London programming continues tonight, July 25 with a tribute to the London Games featuring the US premieres of the uplifting drama Going for Gold - The '48 Games, starring Doctor Who's Matt Smith, and Absol utely Fabulous: ... "Absolutely Fabulous," Starring Jennifer Saunders and Joanna Lumley, Will Air ... Logo, BBC America Air Absolutely Fabulous Olympics Special Absolutely Fabulous, BBC One, review |
Monday, July 23, 2012
Coventry Health Care sells unit for $110M - Business First of Buffalo:
xoqylyjibo.wordpress.com
Avon, Conn.-based (NYSE: MGLN) will acquire in an all-casbh transaction that is expected to close in the third pendingregulatory approvals. First Health Services provides pharmacy benefits administrationj and other services forMedicaisd programs; a business that Bethesda-based Coventry (NYSE: CVH) said was not a primaru focus. Coventry said that the transactiobn will result ina one-time loss per sharwe of approximately $0.55 to $0.60. The company said the loss would be almostentirely non-cash, resultinyg from the original allocation of goodwilo from Coventry’s acquisition of in 2005.
Coventrgy plans to use the proceedsa of the transaction for a combinatiom of debt reduction and share repurchases that should neutralize the earnings per shar impact of the deal for the remaindetrof 2009. In its latesgt quarter, Coventry reported a 65 percent drop in earningsto $44.2q million, or 30 cents per diluted due to higher sales and administrative costs, and medicap costs that swelled 31 percent.
Avon, Conn.-based (NYSE: MGLN) will acquire in an all-casbh transaction that is expected to close in the third pendingregulatory approvals. First Health Services provides pharmacy benefits administrationj and other services forMedicaisd programs; a business that Bethesda-based Coventry (NYSE: CVH) said was not a primaru focus. Coventry said that the transactiobn will result ina one-time loss per sharwe of approximately $0.55 to $0.60. The company said the loss would be almostentirely non-cash, resultinyg from the original allocation of goodwilo from Coventry’s acquisition of in 2005.
Coventrgy plans to use the proceedsa of the transaction for a combinatiom of debt reduction and share repurchases that should neutralize the earnings per shar impact of the deal for the remaindetrof 2009. In its latesgt quarter, Coventry reported a 65 percent drop in earningsto $44.2q million, or 30 cents per diluted due to higher sales and administrative costs, and medicap costs that swelled 31 percent.
Sunday, July 22, 2012
Ridding yourself of turtles takes little time, effort - The Newark Advocate
ysynut.wordpress.com
Ridding yourself of turtles takes little time, effort The Newark Advocate Every summer they come. Phone calls and emails asking for advice for a problem that seems universal. Mallard and wood duck ducklings begin to disappear one by one on their pond or lake, bullfrogs no longer boom their challenge each night, muskrat ... |
Friday, July 20, 2012
Obama Extends Condolences to Bulgaria on Bus Bombing - Voice of America (blog)
cahijisebi.wordpress.com
Novinite.com | Obama Extends Condolences to Bulgaria on Bus Bombing Voice of America (blog) U.S. President Barack Obama has offered formal condolences and continued U.S. support to Bulgaria, as investigators probe the suicide bombing that killed five Israeli tourists and a bus driver Wednesday in the Black Sea port city of Burgas. The ... Obam a extends condolences to Bulgarian PM over bus bombing Bulgaria PM, US President Exchange Condolences over Bus Bomb, Shooting Obama expresses condolences to Borissov for terror attack in Bulgaria |
Thursday, July 19, 2012
Rory McIlroy Whistles A Different Tune About Foul-Weather Golf - SB Nation
iqukikofor.wordpress.com
SB Nation | Rory McIlroy Whistles A Different Tune About Foul-Weather Golf SB Nation Rory McIlroy Whistles A Different Tune About Foul-Weather Golf · Ryan Dempster of the Chicago Cubs throws to the Arizona Diamondbacks at Wrigley Field in Chicago +1 update · Ryan Dempster Trade Rumors Flying · Miami, FL, USA; Miami Marlins starting ... |
Wednesday, July 18, 2012
Crist vetoes insurance reform act - Business First of Buffalo:
yzirapogyg.wordpress.com
The so-called Consumer Choice act was primarilty aimed atState Farm, the state’s larges private property insurer, which announced in January that it wouldc withdraw from the Florida market. State Farm nevetr said whether the right to pick customeras and set rates on its own would change its In an letter to Secretary of Statse Kurt Browning that accompanie dthe veto, Crist said the act, knownb as House Bill would reverse a trendc of lowered rates. “This [act] will likely result in significant and unprecedente d rateincreases that, during difficult economic times, peoplee simply can’t afford,” Crist said.
Cristr said that if the act becamw law, it would red line high-ris parts of the state and underminemarketplace competition. Proponentd of the bill have argued that Floridza needs big insurers with pockets deep enough to coveer costs associated withlarge hurricanes. Insurers, including State Farm, have said the Floridw regulators won’t allow rate increases to cover their making coverage inthe hurricane-prone statw an unsound risk.
The so-called Consumer Choice act was primarilty aimed atState Farm, the state’s larges private property insurer, which announced in January that it wouldc withdraw from the Florida market. State Farm nevetr said whether the right to pick customeras and set rates on its own would change its In an letter to Secretary of Statse Kurt Browning that accompanie dthe veto, Crist said the act, knownb as House Bill would reverse a trendc of lowered rates. “This [act] will likely result in significant and unprecedente d rateincreases that, during difficult economic times, peoplee simply can’t afford,” Crist said.
Cristr said that if the act becamw law, it would red line high-ris parts of the state and underminemarketplace competition. Proponentd of the bill have argued that Floridza needs big insurers with pockets deep enough to coveer costs associated withlarge hurricanes. Insurers, including State Farm, have said the Floridw regulators won’t allow rate increases to cover their making coverage inthe hurricane-prone statw an unsound risk.
Monday, July 16, 2012
Big Bob
grigoriynirim.blogspot.com
Sales had moved from up to flat to and founder David Elyachar was beginning to doubt hisbusines savvy. “We had never been faced with anything likethis before,” said who started the company 25 years ago. “All I knew was if I didn’tg do something, it wouldn’t change.” So he initiated an arrah of changes at his threestoresw — everything from uniformw and thank-you notes to new products and highetr expectations for salespeople — and touted them to franchiseex of the 55 Big Bob’s stores At the stores Elyachar and his brother, CEO and CFO own in Overland Park, Independencew and St.
Joseph, the measures have triggerexd 24percent year-to-year growth so far in 2009. Elyachar isn’ t sure which changes triggered the so he’s going to keep hammering away at all of Many franchisees have yet to implement the strategie — Big Bob’s stores nationwide have seen sales declinw 4 percent year to year. “It’es been very, very said Steve Russell, COO of , whicn owns five Cincinnati-area Big Bob’s stores and has just beguhn tomake changes. “Back a few years ago, you could just roll out of bed and grow salews 20 percenta year.” He said businessa is down about 20 though still operating in the black.
According to trade publication Floot CoveringWeekly , industrywide sales fell an estimatedd 30 percent in 2008 from the $21.67 billiobn benchmark in 2007. Sales this year are expected to slip to 40 percent below 2007 But Elyachar said his ideas couldf yieldsuccess companywide. Chainwide revenue in 2008 was $65 Elyachar said. He projects revenue of $75 million to $80 million in 2009. In the next 10 he aims to triple in volumeand “I believe this is the single greatest opportunitgy to make money in the last 80 years,” Elyachar Big Bob’s local work force has experiencedr a dramatic shift in appearance.
Last year, Elyachadr dropped the bottom six sales performers and replacexd them with about 10new ones, he said. Pay switchexd to a commission-based and work dress became a uniform of aBig Bob’sa polo and khakis. Service reps must join a communitgy organization and are challenged to hand out thres business cards a dayto strangers. Elyachar began having weeklh sales meetings to educate the sales force about productws and keep tabson morale. Salespeoplr use wait time created by slower trafficf to do weekly online lessonsw and tests and to findnew clients. But the changesw also bring challenges.
Some of KW Flooring’s longtimew salespeople resisted the idea of handingf out business cardsevery day. Russelkl tried to keep his staff, but “we had to eitherf change or die,” he said. In early he turned over about 10 percent of the staftf and will turn over probably 20 percentthis year. A big competitore recently left theCincinnati market, he so displaced salespeople have been calling seekintg jobs. “There are people I’m tired of chasing arounf with a whip and a he said.
Sales had moved from up to flat to and founder David Elyachar was beginning to doubt hisbusines savvy. “We had never been faced with anything likethis before,” said who started the company 25 years ago. “All I knew was if I didn’tg do something, it wouldn’t change.” So he initiated an arrah of changes at his threestoresw — everything from uniformw and thank-you notes to new products and highetr expectations for salespeople — and touted them to franchiseex of the 55 Big Bob’s stores At the stores Elyachar and his brother, CEO and CFO own in Overland Park, Independencew and St.
Joseph, the measures have triggerexd 24percent year-to-year growth so far in 2009. Elyachar isn’ t sure which changes triggered the so he’s going to keep hammering away at all of Many franchisees have yet to implement the strategie — Big Bob’s stores nationwide have seen sales declinw 4 percent year to year. “It’es been very, very said Steve Russell, COO of , whicn owns five Cincinnati-area Big Bob’s stores and has just beguhn tomake changes. “Back a few years ago, you could just roll out of bed and grow salews 20 percenta year.” He said businessa is down about 20 though still operating in the black.
According to trade publication Floot CoveringWeekly , industrywide sales fell an estimatedd 30 percent in 2008 from the $21.67 billiobn benchmark in 2007. Sales this year are expected to slip to 40 percent below 2007 But Elyachar said his ideas couldf yieldsuccess companywide. Chainwide revenue in 2008 was $65 Elyachar said. He projects revenue of $75 million to $80 million in 2009. In the next 10 he aims to triple in volumeand “I believe this is the single greatest opportunitgy to make money in the last 80 years,” Elyachar Big Bob’s local work force has experiencedr a dramatic shift in appearance.
Last year, Elyachadr dropped the bottom six sales performers and replacexd them with about 10new ones, he said. Pay switchexd to a commission-based and work dress became a uniform of aBig Bob’sa polo and khakis. Service reps must join a communitgy organization and are challenged to hand out thres business cards a dayto strangers. Elyachar began having weeklh sales meetings to educate the sales force about productws and keep tabson morale. Salespeoplr use wait time created by slower trafficf to do weekly online lessonsw and tests and to findnew clients. But the changesw also bring challenges.
Some of KW Flooring’s longtimew salespeople resisted the idea of handingf out business cardsevery day. Russelkl tried to keep his staff, but “we had to eitherf change or die,” he said. In early he turned over about 10 percent of the staftf and will turn over probably 20 percentthis year. A big competitore recently left theCincinnati market, he so displaced salespeople have been calling seekintg jobs. “There are people I’m tired of chasing arounf with a whip and a he said.
Sunday, July 15, 2012
Workout loan biz takes off - Dallas Business Journal:
fugycyquwod.blogspot.com
“I was still doing real estate restructurings in 1996and 1997,” Peterson said. “Then I didn’ do one until last month.” Following a decade of prosperithy in the real estate andbankingf realm, Peterson and others with experience working out problen loan arrangements are facing a new wave of workouts. As the remaininyg veterans of the 1980s crash shake offthe they’re finding themselves dealing with younger borrowers and advisers who’vd never renegotiated a bad loan.
“You’ve got to be know the regulations and know pressure points how to create leverage and how to respondsto leverage,” said Peterson, a Dallaz attorney with Winstead PC. “It takes goin g through a few dealzand learning.” Having that experience, or learning from it quickly, will make for a smoothed ride through the current business Dwayne Toler represents borrowers in loan restructuring He says he can easily tell when he’s dealinbg with a borrower with little experiencw working out loan deals. “They’rr not pragmatic,” he said. “They have the attitude that every borrowerewho can’t pay a loan is a bad guy.
” In experienced lenders are more pragmatic and efficient in adjustinh to terms that will keep the borrower in businessz and the lender in a loan. Regardlessw of the experience, Toler said borrowers can gain an advantaged by actingbefore they’res behind on payments and before the bankere comes calling. Borrowers should approach the lender “armed with about the market, where the borrower standds and some different scenarios for how to fix abrokenh loan, said Toler, co-founder and managing partner of NewSource a Dallas advisory firm focused on helping real estatd businesses restructure their debt.
Collaboration is the key ingredienf to getting a newdeal struck, said Robert Texas president of and a former bank examiner. “Ninety-nine percenft of loans where they get worked out is when the bank and borroweework together,” he said. “Ic they don’t see it as a mutual problem, it coste both parties more than itshould have.” But collaboratiohn doesn’t mean the absence of For many bankers with less than two experience, restructuring loans is an unfamiliar process. And it’s many degrees more stressful thansayinf “yes” to most of the proposals that come acrosas their desks.
“The banks are going to be undefr pressure to find peopld with the skillsets (to handles restructuring work),” Strong said. “Somre of the bankers who are lendint money today havethe aptitude, but don’ty have the skills.” For the last 10 making bank loans has been heavy on the customeer service and light on collections. In addition to very littlre work on the restructuring and workout banks became comfortable with a secondaruy market for the loansthey originated, said Kent a principal in , a Dallas investment bank that specializews in distressed situations. “The banksx were of the mind-set that when a deal got too riskyu they could trade out of he said.
“No one would expect that the secondaru market would completely shut But with no outside optionx and the banks themselves dealing with seriouscapitap constraints, bankers are more frequently sittin down with clients for the “uncomfortable conversation.” “Reall y good workout lenders are traines to say ‘No,’ (trained) how to grab for more collateraol and (trained to) make thingsa punitive on the borrower. It takes a special individuakl todo that,” Laber said. “It’s the kind of conversationb that the business developmentpeople don’yt want to have.
” There’s nothing fun about workout negotiations, said Strong, who began his financialo career repossessing cars in Fort But the experience ultimately will mean a more seasoned generationn of bankers. “It can be a real difficult positionb to go from customer relationsdto collections, but it’s real-life banking you’ve got to collect what you make,” Stronvg said.
“I was still doing real estate restructurings in 1996and 1997,” Peterson said. “Then I didn’ do one until last month.” Following a decade of prosperithy in the real estate andbankingf realm, Peterson and others with experience working out problen loan arrangements are facing a new wave of workouts. As the remaininyg veterans of the 1980s crash shake offthe they’re finding themselves dealing with younger borrowers and advisers who’vd never renegotiated a bad loan.
“You’ve got to be know the regulations and know pressure points how to create leverage and how to respondsto leverage,” said Peterson, a Dallaz attorney with Winstead PC. “It takes goin g through a few dealzand learning.” Having that experience, or learning from it quickly, will make for a smoothed ride through the current business Dwayne Toler represents borrowers in loan restructuring He says he can easily tell when he’s dealinbg with a borrower with little experiencw working out loan deals. “They’rr not pragmatic,” he said. “They have the attitude that every borrowerewho can’t pay a loan is a bad guy.
” In experienced lenders are more pragmatic and efficient in adjustinh to terms that will keep the borrower in businessz and the lender in a loan. Regardlessw of the experience, Toler said borrowers can gain an advantaged by actingbefore they’res behind on payments and before the bankere comes calling. Borrowers should approach the lender “armed with about the market, where the borrower standds and some different scenarios for how to fix abrokenh loan, said Toler, co-founder and managing partner of NewSource a Dallas advisory firm focused on helping real estatd businesses restructure their debt.
Collaboration is the key ingredienf to getting a newdeal struck, said Robert Texas president of and a former bank examiner. “Ninety-nine percenft of loans where they get worked out is when the bank and borroweework together,” he said. “Ic they don’t see it as a mutual problem, it coste both parties more than itshould have.” But collaboratiohn doesn’t mean the absence of For many bankers with less than two experience, restructuring loans is an unfamiliar process. And it’s many degrees more stressful thansayinf “yes” to most of the proposals that come acrosas their desks.
“The banks are going to be undefr pressure to find peopld with the skillsets (to handles restructuring work),” Strong said. “Somre of the bankers who are lendint money today havethe aptitude, but don’ty have the skills.” For the last 10 making bank loans has been heavy on the customeer service and light on collections. In addition to very littlre work on the restructuring and workout banks became comfortable with a secondaruy market for the loansthey originated, said Kent a principal in , a Dallas investment bank that specializews in distressed situations. “The banksx were of the mind-set that when a deal got too riskyu they could trade out of he said.
“No one would expect that the secondaru market would completely shut But with no outside optionx and the banks themselves dealing with seriouscapitap constraints, bankers are more frequently sittin down with clients for the “uncomfortable conversation.” “Reall y good workout lenders are traines to say ‘No,’ (trained) how to grab for more collateraol and (trained to) make thingsa punitive on the borrower. It takes a special individuakl todo that,” Laber said. “It’s the kind of conversationb that the business developmentpeople don’yt want to have.
” There’s nothing fun about workout negotiations, said Strong, who began his financialo career repossessing cars in Fort But the experience ultimately will mean a more seasoned generationn of bankers. “It can be a real difficult positionb to go from customer relationsdto collections, but it’s real-life banking you’ve got to collect what you make,” Stronvg said.
Friday, July 13, 2012
Former Sovereign CEO Sidhu heading New Century Bank of Phoenixville - Philadelphia Business Journal:
ogarawo.wordpress.com
Sidhu was appointed to the Pa., bank’s board and made chairman of its executives committeelast month. New Century and former presidentand CEO, Ken Mummq will stay on the board. Sidhu, in almostf 20 years at the helm of transformeda $500 million struggling thrifr into an almost $90 billion-asseft bank through a series of acquisitions. Sidhu steppe d down from Sovereign at the end of 2006 because of pressuree from activist board members who were not please with his acquisitivegrowth strategy.
Sidhu said, “New Century Bank has a very good base, excellenf capital, and serves a terrificx geographic market and we are now well poisesd to achieve significant growtin customers, revenues and shareholdet value. We look forward to continuing to serve our communit y in a way that makesx a substantial impact onthe region. With an extremely strongy balance sheet, the bank has substantial opportunities for organiv growth as well as for mergers and When Sidhu initially joineed New Centurylast month, he agreed to help raisre at least $10 million in capitalp this quarter and add two members to the boards of directors. New Century said Friday it hasraised $13.5 million.
“Jay has been invaluable in helpingv us to complete our recent stoclk offering during the short period that he has been on our Mumma said. “The additional $13.6 million of equity placee the bank in a stronyg competitive position with tremendouse potential inour market. We believe Jay, with his demonstrate d history ofachieving success, is the right person to maximize this potential to the benefit of our customers and The privately held New Century openedr its doors in 1997 and now has abou $265 million in total assets and $229 millionm in deposits spread over five branchex located in Phoenixville, Kimberton, Malvern, Newtowmn Square and Wayne, Pa.
The bank’xs $226 million lending portfolio, $186 million of whicjh is real estate-related, has been hit with an influsx ofbad loans. The bank’es nonperforming assets to total assete perentage has risenfrom 1.07 percent in the seconxd quarter of 2008 to 3.46 percent in the first quarter of this year. Of all the banks basefd in southeastern Pennsylvania with morethan $1 billioh in assets, only Royal Bancshares of Pennsylvaniaz (7.21 percent) has a higherf percentage. As for other Chester County First ChesterCounty Corp.’s percentage was 1.72 percent, DNB Financiaol Corp.’s was 1.89 percent and Penn Libert y Bank’s was 0.38 percent.
Sidhu said during an interview last monthy that he had known New Centur y as a smaller competitorto Sovereign. He was contactes by the bank shortly after his noncompetw agreement with Sovereign expired in January and said he saw potentiapl to grow New Century aftertraising capital. He added that the bank would focus on implementing astrategicv plan. He said it would included increasing the management talent level by recruitinyg executives he knows from Sovereignand elsewhere.
Philadelphia-baser Stradley Ronon Stevens & Young has acted as New Century’s legal adviser and Sandler O'Neil & Partners served as financiall adviser in connection with thecapital
Sidhu was appointed to the Pa., bank’s board and made chairman of its executives committeelast month. New Century and former presidentand CEO, Ken Mummq will stay on the board. Sidhu, in almostf 20 years at the helm of transformeda $500 million struggling thrifr into an almost $90 billion-asseft bank through a series of acquisitions. Sidhu steppe d down from Sovereign at the end of 2006 because of pressuree from activist board members who were not please with his acquisitivegrowth strategy.
Sidhu said, “New Century Bank has a very good base, excellenf capital, and serves a terrificx geographic market and we are now well poisesd to achieve significant growtin customers, revenues and shareholdet value. We look forward to continuing to serve our communit y in a way that makesx a substantial impact onthe region. With an extremely strongy balance sheet, the bank has substantial opportunities for organiv growth as well as for mergers and When Sidhu initially joineed New Centurylast month, he agreed to help raisre at least $10 million in capitalp this quarter and add two members to the boards of directors. New Century said Friday it hasraised $13.5 million.
“Jay has been invaluable in helpingv us to complete our recent stoclk offering during the short period that he has been on our Mumma said. “The additional $13.6 million of equity placee the bank in a stronyg competitive position with tremendouse potential inour market. We believe Jay, with his demonstrate d history ofachieving success, is the right person to maximize this potential to the benefit of our customers and The privately held New Century openedr its doors in 1997 and now has abou $265 million in total assets and $229 millionm in deposits spread over five branchex located in Phoenixville, Kimberton, Malvern, Newtowmn Square and Wayne, Pa.
The bank’xs $226 million lending portfolio, $186 million of whicjh is real estate-related, has been hit with an influsx ofbad loans. The bank’es nonperforming assets to total assete perentage has risenfrom 1.07 percent in the seconxd quarter of 2008 to 3.46 percent in the first quarter of this year. Of all the banks basefd in southeastern Pennsylvania with morethan $1 billioh in assets, only Royal Bancshares of Pennsylvaniaz (7.21 percent) has a higherf percentage. As for other Chester County First ChesterCounty Corp.’s percentage was 1.72 percent, DNB Financiaol Corp.’s was 1.89 percent and Penn Libert y Bank’s was 0.38 percent.
Sidhu said during an interview last monthy that he had known New Centur y as a smaller competitorto Sovereign. He was contactes by the bank shortly after his noncompetw agreement with Sovereign expired in January and said he saw potentiapl to grow New Century aftertraising capital. He added that the bank would focus on implementing astrategicv plan. He said it would included increasing the management talent level by recruitinyg executives he knows from Sovereignand elsewhere.
Philadelphia-baser Stradley Ronon Stevens & Young has acted as New Century’s legal adviser and Sandler O'Neil & Partners served as financiall adviser in connection with thecapital
Thursday, July 12, 2012
MMAC: Milwaukee-area economy still sluggish - San Antonio Business Journal:
uqudenlid.blogspot.com
Only three of 20 April indicatorx registered improvementfrom year-ago levels, matching the numbed of upward-pointing indicators recorded in the MMAC said in its Economic Trends report. "The employmengt situation continued to deteriorate with deepening job declines and unemploymentt indicators over double what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the seconx time in nearly threde years giving some hope for near-term improvement in a stagnanr local housing and real estate Nonfarm employment in the metro area fell 4.8 percenf in April to 812,300, down from March’s 4.3 perceny decrease.
Employment levels have now declinede comparedwith year-ago levela in each of the past 12 with April’s decline being the steepestg registered in this period, the MMAC Only two of 10 major industrgy sectors registered April job gains compared with one year ago, whilse eight registered declines. Unemployment indicators for the metro area both measured more than twicetheir year-earlier levels. The number of unemployec in metro Milwaukeerose 117.6% against year-agol levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claimse rose ata 104.
6 percent rate in April to 12,101, this indicator’es third consecutive year-over-year increase of 100 percenr or greater. On the positive existing homes sales for the metro arearose 5.6 percent in the first year-over-year increases in this indicator in seven monthd and only the second such gain in nearly threer years.
Only three of 20 April indicatorx registered improvementfrom year-ago levels, matching the numbed of upward-pointing indicators recorded in the MMAC said in its Economic Trends report. "The employmengt situation continued to deteriorate with deepening job declines and unemploymentt indicators over double what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the seconx time in nearly threde years giving some hope for near-term improvement in a stagnanr local housing and real estate Nonfarm employment in the metro area fell 4.8 percenf in April to 812,300, down from March’s 4.3 perceny decrease.
Employment levels have now declinede comparedwith year-ago levela in each of the past 12 with April’s decline being the steepestg registered in this period, the MMAC Only two of 10 major industrgy sectors registered April job gains compared with one year ago, whilse eight registered declines. Unemployment indicators for the metro area both measured more than twicetheir year-earlier levels. The number of unemployec in metro Milwaukeerose 117.6% against year-agol levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claimse rose ata 104.
6 percent rate in April to 12,101, this indicator’es third consecutive year-over-year increase of 100 percenr or greater. On the positive existing homes sales for the metro arearose 5.6 percent in the first year-over-year increases in this indicator in seven monthd and only the second such gain in nearly threer years.
Wednesday, July 11, 2012
Reputations were worthless in child sex abuse cases - Springfield News-Leader
a-ee85aqa.blogspot.com
San Francisco Chronicle | Reputations were worthless in child sex abuse cases Springfield News-Leader In one of those strange coincidences, Jerry Sandusky and Monsignor William Lynn were convicted at almost the same moment by two Pennsylvania juries of charges growing out of sex scandals involving the molestation of youngsters. How Has Penn State University Handled The Civil Cases Relating To ... |
Monday, July 9, 2012
Indian Heritage Center on hold as bonds freeze up - Sacramento Business Journal:
lebexab.wordpress.com
The $80 million center is slated for 43 acreds of riverfront property inWest Sacramento, directly across the Sacramentk River from the confluence of the Americah River at Discovery Park. But what would have been West Sacramento’sd first state park is now in largely because the bond money that would have fundedf its planning isnot available. In addition, the Californiaz State Parks budget, which couldr include money forthe project, has been in flux for “It’s basically all on hold,” said Rob program manager for the .
“It’s wait and see at this State Parks may get its budget allocatiohnin April, which could include moneg for preliminary planning of the center. But most of the money for the project’s layout, design and environmental work is supposec to comefrom bonds. Although the statde has been authorized to sellthe there’s not much of a market for them right now. Statd Parks needs the bond money to put togetherthe site’se general plan, environmental report and businesa plan. “We were on our way until this budget mess Wood said.
“And now we’re subject to The city of West Sacramento is stilpl very interested in developingthe center, said Dave park development manager for the city. “Thisw is such a great project. It’s a shame it got caught up in the state’s budgetr problems,” Shpak said. West Sacramento donated the land for the In return, the state agreed that Stater Parks would make strides to develop the projectg in a few years, rather than sitting on the land for “That timeline still Shpak said. “We may be willingv to revise it.
” The property is ownexd by , which will transfer titles to the land only aftee the general plan for the center has been completefdand adopted. Much of the land is between the river andthe levee, leaving only about 8 acred stretching across the top of the lever to the other side. That shoul d be enough land for the development of permanent One of the themes of the park is the relationships of tribao culture to landand water. the river side of the leveee is an important part ofthe development. That land is high enouguh so that it goes underwatere only duringpeak flows. All structures will be abovr the 200-year flood levee.
The statwe always planned to pay for just a thirdc ofthe center, with outside groups picking up the rest of the tab. But effortsw by the state to set up a foundatiohn to collect donations also got crunched by a lack ofstatw funding. Government agencies are not allower to collect donations without settingup foundations. But the donatione should be out there. When the in D.C., was looking for contributions forits , donationse poured in from across the Some of those donations came from tribe s wealthy with gambling but there were also contributionss from impoverished tribes across the country, as well as non-tribal There is an expectation that some of California’ native tribes, many of whichg have grown wealthy with variousx gaming and business interests, will contributew to the center.
There are 109 federall recognized tribal entities in the The West Sacramento project will replace the tiny on the groundssof Sutter’s Fort State Historic State Parks searched for a site for five yeares throughout the state. The final list of sites were all in theSacrament area, including the eastern edge of Lake Natoma in the city of a stretch of the American River off the Garden Highway in the American Rivedr Parkway, and a wildlifew reserve west of Elk West Sacramento was not one of the Although the Garden Highway site won it fell apart afte two years of when State Parks and the city couldn’g agree on the scope of the project.
At that the West Sacramento site, most of whicyh is owned by West Sacramento became themain
The $80 million center is slated for 43 acreds of riverfront property inWest Sacramento, directly across the Sacramentk River from the confluence of the Americah River at Discovery Park. But what would have been West Sacramento’sd first state park is now in largely because the bond money that would have fundedf its planning isnot available. In addition, the Californiaz State Parks budget, which couldr include money forthe project, has been in flux for “It’s basically all on hold,” said Rob program manager for the .
“It’s wait and see at this State Parks may get its budget allocatiohnin April, which could include moneg for preliminary planning of the center. But most of the money for the project’s layout, design and environmental work is supposec to comefrom bonds. Although the statde has been authorized to sellthe there’s not much of a market for them right now. Statd Parks needs the bond money to put togetherthe site’se general plan, environmental report and businesa plan. “We were on our way until this budget mess Wood said.
“And now we’re subject to The city of West Sacramento is stilpl very interested in developingthe center, said Dave park development manager for the city. “Thisw is such a great project. It’s a shame it got caught up in the state’s budgetr problems,” Shpak said. West Sacramento donated the land for the In return, the state agreed that Stater Parks would make strides to develop the projectg in a few years, rather than sitting on the land for “That timeline still Shpak said. “We may be willingv to revise it.
” The property is ownexd by , which will transfer titles to the land only aftee the general plan for the center has been completefdand adopted. Much of the land is between the river andthe levee, leaving only about 8 acred stretching across the top of the lever to the other side. That shoul d be enough land for the development of permanent One of the themes of the park is the relationships of tribao culture to landand water. the river side of the leveee is an important part ofthe development. That land is high enouguh so that it goes underwatere only duringpeak flows. All structures will be abovr the 200-year flood levee.
The statwe always planned to pay for just a thirdc ofthe center, with outside groups picking up the rest of the tab. But effortsw by the state to set up a foundatiohn to collect donations also got crunched by a lack ofstatw funding. Government agencies are not allower to collect donations without settingup foundations. But the donatione should be out there. When the in D.C., was looking for contributions forits , donationse poured in from across the Some of those donations came from tribe s wealthy with gambling but there were also contributionss from impoverished tribes across the country, as well as non-tribal There is an expectation that some of California’ native tribes, many of whichg have grown wealthy with variousx gaming and business interests, will contributew to the center.
There are 109 federall recognized tribal entities in the The West Sacramento project will replace the tiny on the groundssof Sutter’s Fort State Historic State Parks searched for a site for five yeares throughout the state. The final list of sites were all in theSacrament area, including the eastern edge of Lake Natoma in the city of a stretch of the American River off the Garden Highway in the American Rivedr Parkway, and a wildlifew reserve west of Elk West Sacramento was not one of the Although the Garden Highway site won it fell apart afte two years of when State Parks and the city couldn’g agree on the scope of the project.
At that the West Sacramento site, most of whicyh is owned by West Sacramento became themain
Sunday, July 8, 2012
'The Proposal' wins at weekend box office - Los Angeles Business from bizjournals:
kapitonragomo.blogspot.com
The movie starring Sandra Bullock and Ryan Reynolds brought in anestimatedc $34,114,000 in its opening weekend. It knockede off the reigning champion, "The Hangover," which broughy in an estimated $26,855,000 during the weekend. "Thde Proposal" was shown on about 4,100 screens at 3,057 sites, according to a report on the Disney/ 's "Up" continued its strong coming in third over the weekenfd with anestimated $21,336,000.
The animated film is currently in secons placebehind Paramount's "Star Trek," for second-largest movie of the Another new release, ' "Year One," brought in an estimate d $20,200,000 in its first weekend, placin it fourth on the list. Another Sony Picturess release, "The Taking of Pelham 1 2 3" rounded out the top bringing in anestimated $11,300,000.
The movie starring Sandra Bullock and Ryan Reynolds brought in anestimatedc $34,114,000 in its opening weekend. It knockede off the reigning champion, "The Hangover," which broughy in an estimated $26,855,000 during the weekend. "Thde Proposal" was shown on about 4,100 screens at 3,057 sites, according to a report on the Disney/ 's "Up" continued its strong coming in third over the weekenfd with anestimated $21,336,000.
The animated film is currently in secons placebehind Paramount's "Star Trek," for second-largest movie of the Another new release, ' "Year One," brought in an estimate d $20,200,000 in its first weekend, placin it fourth on the list. Another Sony Picturess release, "The Taking of Pelham 1 2 3" rounded out the top bringing in anestimated $11,300,000.
Friday, July 6, 2012
Darien Lake cuts deal with TV show - Business First of Buffalo:
bertayfybuqutyp.blogspot.com
Under the terms of the deal, Darien Lake'es new roller coaster will now be named Orange CountChoppers MotoCoaster. The $3.4 million coaster puts riders on motorcycle-stylexd seats and are then run throughythe course. Darien Lake is one of two amusement parksa inthe U.S. to have the MotoCoasterf ride. Orange County Choppers MotoCoaster is scheduled to debugt onMay 3. As part of the deal, the ride will be featurefd on the TLC cable networkishow "American Chopper" and the show's stars, Paul Teutel Sr. and his Paul Jr.
and will design a special motorcyclw that ties in with the ride and will make severa guest appearances at Darien Lake durinv the season including the May 16 formal grancd opening of the coaster andin June, to unveil the custom-designeed chopper. "It is truly an awesome partnershiop forboth organizations," said Chris Thorpe, Darien Lake generalp manager.
Under the terms of the deal, Darien Lake'es new roller coaster will now be named Orange CountChoppers MotoCoaster. The $3.4 million coaster puts riders on motorcycle-stylexd seats and are then run throughythe course. Darien Lake is one of two amusement parksa inthe U.S. to have the MotoCoasterf ride. Orange County Choppers MotoCoaster is scheduled to debugt onMay 3. As part of the deal, the ride will be featurefd on the TLC cable networkishow "American Chopper" and the show's stars, Paul Teutel Sr. and his Paul Jr.
and will design a special motorcyclw that ties in with the ride and will make severa guest appearances at Darien Lake durinv the season including the May 16 formal grancd opening of the coaster andin June, to unveil the custom-designeed chopper. "It is truly an awesome partnershiop forboth organizations," said Chris Thorpe, Darien Lake generalp manager.
Thursday, July 5, 2012
Tesla to open seven showrooms - Boston Business Journal:
oryzacody.wordpress.com
Stores in New York, Seattle and Chicago will open in late followedby Miami. Tesla’ s first European store will open in London latetrthis month, followed by Munich and Monaco. The new additionas will complement Tesla’s flagship stores in Northern andSoutherj California, which opened a year ago. Tesla said it is scouting locationszin Washington, D.C., and Toronto. Tesla is the only produced of highway-capable electric cars in North Americaor “We are rethinking almost every aspect of the automobilew – from the powertrain to the custome r experience, both online and in our said Tesla CEO Elon Musk in a Tesla’s Roadster sells for The company expects to introduce its secondd car, the Model S sedan, in late 2011.
It is expected to sell for less than halfthe Roadster’ds price.
Stores in New York, Seattle and Chicago will open in late followedby Miami. Tesla’ s first European store will open in London latetrthis month, followed by Munich and Monaco. The new additionas will complement Tesla’s flagship stores in Northern andSoutherj California, which opened a year ago. Tesla said it is scouting locationszin Washington, D.C., and Toronto. Tesla is the only produced of highway-capable electric cars in North Americaor “We are rethinking almost every aspect of the automobilew – from the powertrain to the custome r experience, both online and in our said Tesla CEO Elon Musk in a Tesla’s Roadster sells for The company expects to introduce its secondd car, the Model S sedan, in late 2011.
It is expected to sell for less than halfthe Roadster’ds price.
Wednesday, July 4, 2012
EPA opts not to lower GHG emissions threshold - Ethanol Producer Magazine
bojony.wordpress.com
Ethanol Producer Magazine | EPA opts not to lower GHG emissions threshold Ethanol Producer Magazine The U.S. EPA has decided not to expand its greenhouse gas (GHG) permitting requirements to include sm » |
Monday, July 2, 2012
AvalonBay gets OK for $65M Balboa project in S.F. - Boston Business Journal:
lyubomiradete.blogspot.com
The development, which will include a 28,000-square-foor grocery store, will replace the Kragen auto parts store and parking lot at 1150Ocea Ave. The 1.8-acre site just southh of Phelan Avenue and abuttinh the citycollege campus, is the firsy project approved under the Balboa Park rezoningf the Board of Supervisors adopted in AvalonBay Senior Development Director Meg Spriggs said the companyg hopes to start construction on the two-building complex at the end of 2010 or the firstf quarter of 2011.
Construction would likely take about 18 meaning that the project would open in 2012 at the AvalonBay has been one ofSan Francisco’s most active developerx over the past completing 823 rental units in Missionn Bay north, a $400 million With that neighborhood mostly built out, AvalonBah has been actively looking at other neighborhoods, including the city-owned Blocko 8 on Folsom Street. At the Oceah Avenue site, the developer was drawn to the rich publiftransit — downtown is a 13-minutee ride from the Balboa Park BART statiobn — and proximity of schools including City College, Balboa High School and the privater school Lick Wilmerding, according to Spriggs.
Given the collegd campus and rich publictransportation options, “there is littld to no supply of higher-density rental housing in this part of San Francisco,” said “It’s a great urbajn infill location and the beauty of it is the bonees are already there. The infrastructure is already There are tons of little neighborhoodd and a nice little business districty alongOcean Avenue,” said AvalonBay has yet to sign on a grocerh store to occupy the ground flootr of the project. Matt Holmesx of the brokerage Retail West has been retaineed to to leasethe space. Peter Waller of Pyatolk is the architect.
“We have been pleasantly surprised by the leveol of initial interest in the space and we have had severaol meaningful conversationswith retailers,” said Spriggs. AvalonBay started workingf with the Planning Department in 2005 when the Balboa Park master plan was in itsearly stages. Because they were involved so early, AvalonBay’s projecr specific environmental impact report was included in the masterf environmental impact report forthe neighborhood. “Ou r goal was to get behinf the plan, design our project collaboratively with the city and the communityh and be in a position to get our projecf approvals as soon as the Balboa Park plan was said Spriggs.
Matt Holmes said the site has attractive densitiesx and attractive demographics with over 35 percentcollege graduates. “The demographics are thered already, they really are. The design of the spacee is outstanding. They have really built a greartmousetrap there,” he said.
The development, which will include a 28,000-square-foor grocery store, will replace the Kragen auto parts store and parking lot at 1150Ocea Ave. The 1.8-acre site just southh of Phelan Avenue and abuttinh the citycollege campus, is the firsy project approved under the Balboa Park rezoningf the Board of Supervisors adopted in AvalonBay Senior Development Director Meg Spriggs said the companyg hopes to start construction on the two-building complex at the end of 2010 or the firstf quarter of 2011.
Construction would likely take about 18 meaning that the project would open in 2012 at the AvalonBay has been one ofSan Francisco’s most active developerx over the past completing 823 rental units in Missionn Bay north, a $400 million With that neighborhood mostly built out, AvalonBah has been actively looking at other neighborhoods, including the city-owned Blocko 8 on Folsom Street. At the Oceah Avenue site, the developer was drawn to the rich publiftransit — downtown is a 13-minutee ride from the Balboa Park BART statiobn — and proximity of schools including City College, Balboa High School and the privater school Lick Wilmerding, according to Spriggs.
Given the collegd campus and rich publictransportation options, “there is littld to no supply of higher-density rental housing in this part of San Francisco,” said “It’s a great urbajn infill location and the beauty of it is the bonees are already there. The infrastructure is already There are tons of little neighborhoodd and a nice little business districty alongOcean Avenue,” said AvalonBay has yet to sign on a grocerh store to occupy the ground flootr of the project. Matt Holmesx of the brokerage Retail West has been retaineed to to leasethe space. Peter Waller of Pyatolk is the architect.
“We have been pleasantly surprised by the leveol of initial interest in the space and we have had severaol meaningful conversationswith retailers,” said Spriggs. AvalonBay started workingf with the Planning Department in 2005 when the Balboa Park master plan was in itsearly stages. Because they were involved so early, AvalonBay’s projecr specific environmental impact report was included in the masterf environmental impact report forthe neighborhood. “Ou r goal was to get behinf the plan, design our project collaboratively with the city and the communityh and be in a position to get our projecf approvals as soon as the Balboa Park plan was said Spriggs.
Matt Holmes said the site has attractive densitiesx and attractive demographics with over 35 percentcollege graduates. “The demographics are thered already, they really are. The design of the spacee is outstanding. They have really built a greartmousetrap there,” he said.
Sunday, July 1, 2012
Adams
aleshnikovenil.blogspot.com
RealtyTrac records indicate that a noticr ofa trustee’s sale has been filed on homes matchingh the description of North Portland Kenton neighborhoos homes. The notice indicates that the homesz will be put upfor auction. , which brokee the story, noted that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreement with his Adams told thepaper he’s catching up on his mortgage aftetr paying “significant” legal bills. The houses that face foreclosurre are at2131 N. McClellan and 2121 N. McClellan. Adamas lives in the 2121 home. He also owns a triplezx at 2031 N. McClellan.
Adams, who makees $118,144 yearly, is facing an impending scheduled to kick off inearlt July, after admitting he had a sexual relationshilp with Beau Breedlove. The pair met before Breedlove turned 18. Adamsx said the sexual relationship beganbafter Breedlove’s 18th birthday. Oregon’s attorney generao is investigating whether Adams didanything improper. The mayor conceded that he lied about whether he’d had sex with Breedlove when a political opponent first made the charged during the 2008 primary campaign season.
RealtyTrac records indicate that a noticr ofa trustee’s sale has been filed on homes matchingh the description of North Portland Kenton neighborhoos homes. The notice indicates that the homesz will be put upfor auction. , which brokee the story, noted that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreement with his Adams told thepaper he’s catching up on his mortgage aftetr paying “significant” legal bills. The houses that face foreclosurre are at2131 N. McClellan and 2121 N. McClellan. Adamas lives in the 2121 home. He also owns a triplezx at 2031 N. McClellan.
Adams, who makees $118,144 yearly, is facing an impending scheduled to kick off inearlt July, after admitting he had a sexual relationshilp with Beau Breedlove. The pair met before Breedlove turned 18. Adamsx said the sexual relationship beganbafter Breedlove’s 18th birthday. Oregon’s attorney generao is investigating whether Adams didanything improper. The mayor conceded that he lied about whether he’d had sex with Breedlove when a political opponent first made the charged during the 2008 primary campaign season.
Subscribe to:
Posts (Atom)