kittredgeihuhyla1951.blogspot.com
Glenn Kage is one of them. His last day is “This is one of the toughest decision s I have ever hadto make,” said Kage, who worked for Chrysle r for 12 years. “But is on the vergwe of bankruptcy and Chrysler is having a tough time coming out of If I stay herein St. Louis, I woulds end up having to transfer out of A lot ofpeople don’t want to leave the About 640 of 1,200 eligible workers decidefd to leave the Dodge Ram plant in Fenton, which the automakerf by September as part of its Another 115 accepte d offers at Chrysler’ Fenton minivan which was idled in October and is also slated for About 240 workers remain at that plant, said Don vice president of United Auto Workers Local 110.
Earliee this month, Chrysler Fenton workers within two year of retirement eligibility on the dateds their plants close will be placede on leave of absence with 85 percentt of their pay until they are eligiblefor retirement. The offere include a $115,000 lump-sum payment for workers with more than 10 yearxs of seniority who choose to leavethe company. Workers with fewer than 10 years of senioritg can geta $75,000 lump-sum payment plus a $25,00o vehicle voucher. The offers also include a year ofhealthu care, excluding dental, and lower the earlyt retirement age from 55 to 50.
Sunday, May 15, 2011
Friday, May 13, 2011
Madoff gets 150 years in prison - Phoenix Business Journal:
http://cnati.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=1&id=1150
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's The mastermind behind the biggest Ponzij scheme in U.S. history was sentenced on Monday morning in federal courtf in Manhattan to 150 years behind the maximum requested byfederakl prosecutors. Madoff's attorney had asked for a far more lenienf sentence of12 years. In sentencing U.S. District Judge Denny Chin calle thefraud “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily evil.
” “No other white-collar case is comparablee in terms of the duration and enormity of the fraued and the degree of the betrayal,” Chin Madoff confessed in March to 11 counts including money laundering theft and perjury, among other His victims reportedly number more than 1,300 and stretch acrossa the globe. Their losses are estimater at morethan $13 billion. Prior to Chin heard from nine of the victims who talkeds about thedevastation Madoff’s fraud had caused to their lives and theitr families.
Many of Madoff’s wealthy clients lived in South Florida and lost theie life savings tohis Fox, 86, said she is still furiouz that the and the federal governmentg didn’t expose Madoff’s fraud earlier. “Ther SEC is just as guilty as Madoff and theyfailefd us. Nobody seems to do anythinb about it,” Fox said. She also took issuee with the large fees beinfg paid to people such asIrving H. the trustee who is handling the liquidation ofBernard L. Madofc Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It would be better to pay the investorw directly,” Fox said.
Fox, a widow who once workedx as secretary inNew York, said she investes $50,000 in 1987 because she was relatecd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’df made over the years on “phantom” incomde from Madoff accounts. However, she is worriedx that her disbursements may eventually be targeterd in clawback efforts by the trustese in bankruptcy proceedings who has begun sendinv out letters demanding the return of profites derived fromtheir investments.
Guy Fronstin a Boca Rato n attorney who hasadvised Fox, said the government has “been good about refunding taxes but there are delays in processing claims to the Securitiezs Investor Protection Corporation. “Some of the people I know are too busy with thes e other issues to really care that much about whathappened today. They believed he would spend the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorno said he believes the courtt had little choice but to levy the maximum sentencron Madoff.
“I don’y think the victims should have been victimized again by havinhg him be able to leave prisonone day,” said whose firm continues to advis clients about tax returnss and possibly future claims againstf investment advisors who invested with Madoff. “I’mm wondering if the trustee will be able to locatd more than the billion plusthat he’s and what is the real Atlas said. In addition to his prison term, Madoff was ordered to forfeitynearly $170 billion, which represents the proceeds of, and property involved in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southern Districtg ofNew York, said in a news “We are focused on tracing, restraining and liquidatinyg assets to maximize recoveries for the
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's The mastermind behind the biggest Ponzij scheme in U.S. history was sentenced on Monday morning in federal courtf in Manhattan to 150 years behind the maximum requested byfederakl prosecutors. Madoff's attorney had asked for a far more lenienf sentence of12 years. In sentencing U.S. District Judge Denny Chin calle thefraud “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily evil.
” “No other white-collar case is comparablee in terms of the duration and enormity of the fraued and the degree of the betrayal,” Chin Madoff confessed in March to 11 counts including money laundering theft and perjury, among other His victims reportedly number more than 1,300 and stretch acrossa the globe. Their losses are estimater at morethan $13 billion. Prior to Chin heard from nine of the victims who talkeds about thedevastation Madoff’s fraud had caused to their lives and theitr families.
Many of Madoff’s wealthy clients lived in South Florida and lost theie life savings tohis Fox, 86, said she is still furiouz that the and the federal governmentg didn’t expose Madoff’s fraud earlier. “Ther SEC is just as guilty as Madoff and theyfailefd us. Nobody seems to do anythinb about it,” Fox said. She also took issuee with the large fees beinfg paid to people such asIrving H. the trustee who is handling the liquidation ofBernard L. Madofc Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It would be better to pay the investorw directly,” Fox said.
Fox, a widow who once workedx as secretary inNew York, said she investes $50,000 in 1987 because she was relatecd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’df made over the years on “phantom” incomde from Madoff accounts. However, she is worriedx that her disbursements may eventually be targeterd in clawback efforts by the trustese in bankruptcy proceedings who has begun sendinv out letters demanding the return of profites derived fromtheir investments.
Guy Fronstin a Boca Rato n attorney who hasadvised Fox, said the government has “been good about refunding taxes but there are delays in processing claims to the Securitiezs Investor Protection Corporation. “Some of the people I know are too busy with thes e other issues to really care that much about whathappened today. They believed he would spend the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorno said he believes the courtt had little choice but to levy the maximum sentencron Madoff.
“I don’y think the victims should have been victimized again by havinhg him be able to leave prisonone day,” said whose firm continues to advis clients about tax returnss and possibly future claims againstf investment advisors who invested with Madoff. “I’mm wondering if the trustee will be able to locatd more than the billion plusthat he’s and what is the real Atlas said. In addition to his prison term, Madoff was ordered to forfeitynearly $170 billion, which represents the proceeds of, and property involved in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southern Districtg ofNew York, said in a news “We are focused on tracing, restraining and liquidatinyg assets to maximize recoveries for the
Wednesday, May 11, 2011
Inmark moves to Avondale from Pinson - Triangle Business Journal:
lehoquvuhu.wordpress.com
Real estate firm said the plastic containers and packagingh companyleased 23,625 square feet of office and warehouswe space at the park in Avondale. The compang has been in its current locatiohn in Pinson Valley for more than 20 Jack Key of Grahamk represented Inmark and Brad Moffat of representeddthe landlord. Graham said brokerf Walter Brown has the listing on morethan 410,00p square feet of sublease space at the Colonnade in AT&T’s vacant South Tower building. Radiologyu Associates renewed its 4,669-square-foot lease at Vestaviaa Centre. Brown represented the landlord in the renewed its lease in Calera and Decomas Modular Systems renewed its leasdein McCalla.
Combined, the two companiesw occupy morethan 270,000 square feet of space in Graham Co. developments. The renewals were handlexd by Graham brokers Sonny Culp andOgden Deaton.
Real estate firm said the plastic containers and packagingh companyleased 23,625 square feet of office and warehouswe space at the park in Avondale. The compang has been in its current locatiohn in Pinson Valley for more than 20 Jack Key of Grahamk represented Inmark and Brad Moffat of representeddthe landlord. Graham said brokerf Walter Brown has the listing on morethan 410,00p square feet of sublease space at the Colonnade in AT&T’s vacant South Tower building. Radiologyu Associates renewed its 4,669-square-foot lease at Vestaviaa Centre. Brown represented the landlord in the renewed its lease in Calera and Decomas Modular Systems renewed its leasdein McCalla.
Combined, the two companiesw occupy morethan 270,000 square feet of space in Graham Co. developments. The renewals were handlexd by Graham brokers Sonny Culp andOgden Deaton.
Sunday, May 8, 2011
Highwoods lines up $162M in loans - Puget Sound Business Journal (Seattle):
vanbeekdulejos1771.blogspot.com
Both loans should close within60 days. Highwoods (NYSE: HIW) says it will use the moneyt to repay debt and for generalcorporater purposes. “We are very pleased with theseloan commitments, whicbh will further fortify our alreadg healthy balance sheet, enhancr our liquidity and position Highwoods to take advantagse of future growth opportunities,” Ed president and chief executive said in a written statement. According to Highwoods, the two loana are: * A $115.0 million, 6.5-year secureed loan provided by at a fixed rateof 6.875 It is secured by a pool of 10 assetxs in Nashville, Raleigh and * A $47.3 million, 7-year secured loan arranged by at a fixerd rate of 7.5 percent.
It is secured by the office portion of RBC Plazwin Raleigh. Highwoods also announced that it has paid off a securesd loanof $107 million, whicuh carried a rate of 7.8 percent and was originally schedulexd to mature in Novemberr 2009. There were no prepayment
Both loans should close within60 days. Highwoods (NYSE: HIW) says it will use the moneyt to repay debt and for generalcorporater purposes. “We are very pleased with theseloan commitments, whicbh will further fortify our alreadg healthy balance sheet, enhancr our liquidity and position Highwoods to take advantagse of future growth opportunities,” Ed president and chief executive said in a written statement. According to Highwoods, the two loana are: * A $115.0 million, 6.5-year secureed loan provided by at a fixed rateof 6.875 It is secured by a pool of 10 assetxs in Nashville, Raleigh and * A $47.3 million, 7-year secured loan arranged by at a fixerd rate of 7.5 percent.
It is secured by the office portion of RBC Plazwin Raleigh. Highwoods also announced that it has paid off a securesd loanof $107 million, whicuh carried a rate of 7.8 percent and was originally schedulexd to mature in Novemberr 2009. There were no prepayment
Friday, May 6, 2011
Canadian investment firm buys 39 percent of Oregon window-door maker Jeld-Wen ... - Washington Post
ogyhejowy.wordpress.com
Forbes (blog) | Canadian investment firm buys 39 percent of Oregon window-door maker Jeld-Wen ... Washington Post A Canadian company that specializes in buying distressed businesses has agreed to purchase a 39 percent stake in Oregon door and window manufacturer Jeld-Wen Inc. for $675 million, The Oregonian reported. Onex Corp., a private-equity investment firm ... Window and Door Maker Jeld-Wen To Sell Minority Stake to Onex Jeld-Wen to sell 50000 acres of rural lands Jeld-Wen To Sell Land |
Wednesday, May 4, 2011
Oahu home sales show signs of recovery - Washington Business Journal:
http://my3strands.com/parents/Being-an-Effective-Parent.html
The median price for a single-family home was $550,00 in May compared to $649,500 a year ago, accordinhg to data from the . It also was the seconcd lowest price in the past 12 The median price was based on 225 down 11 percent from the same monthin 2008, when 252 housex were sold, but far better than the first four months of 2009. “The Oahu residentiak housing market is still weak but there are indicationes that we may be nearthe bottom,” said boardx President Sandra “Sam” Bangerter. “Single-family home salew rebounded a bit in May and the salesa speed of 49 days was faster than at the same timelast year.
” Bangerte noted that while single-family home pricew dipped, “the condominium median price has been holding quite steady at just over $300,000. These are just some of the signalxs that our housing market may be starting to returnto normalcy.” The median pricr of a condo on Oahu in May was which was 10 percent less than $337,30 0 in May 2008. That was based on 263 down 31 percent from the 382 sales in May but the highest monthly number sinceOctobedr 2008.
The median condo price in May was on a par with Januaryand December, and higher than two of the past 12 “Mainland cities have experienced significant inventory bloat and, with limitexd demand, this is the culprit in their falling said Harvey Shapiro, the board’s researc economist. “The fact that Oahu’s inventory of available propertiea continues to be low is the importan t factor that is keeping our priceswmore stable.” Shapiro noted that single-familty home prices in Hawaii Kai and Mililani decreasefd by only 7 percent, and that pricese for condos in Kapahulu, Ala Moana-Kakaako and Kailus actually rose last month.
“Inb an otherwise lackluster housing market, thesse positives may predict a turnaround for real even asthe state’s economic conditions continue to he said.
The median price for a single-family home was $550,00 in May compared to $649,500 a year ago, accordinhg to data from the . It also was the seconcd lowest price in the past 12 The median price was based on 225 down 11 percent from the same monthin 2008, when 252 housex were sold, but far better than the first four months of 2009. “The Oahu residentiak housing market is still weak but there are indicationes that we may be nearthe bottom,” said boardx President Sandra “Sam” Bangerter. “Single-family home salew rebounded a bit in May and the salesa speed of 49 days was faster than at the same timelast year.
” Bangerte noted that while single-family home pricew dipped, “the condominium median price has been holding quite steady at just over $300,000. These are just some of the signalxs that our housing market may be starting to returnto normalcy.” The median pricr of a condo on Oahu in May was which was 10 percent less than $337,30 0 in May 2008. That was based on 263 down 31 percent from the 382 sales in May but the highest monthly number sinceOctobedr 2008.
The median condo price in May was on a par with Januaryand December, and higher than two of the past 12 “Mainland cities have experienced significant inventory bloat and, with limitexd demand, this is the culprit in their falling said Harvey Shapiro, the board’s researc economist. “The fact that Oahu’s inventory of available propertiea continues to be low is the importan t factor that is keeping our priceswmore stable.” Shapiro noted that single-familty home prices in Hawaii Kai and Mililani decreasefd by only 7 percent, and that pricese for condos in Kapahulu, Ala Moana-Kakaako and Kailus actually rose last month.
“Inb an otherwise lackluster housing market, thesse positives may predict a turnaround for real even asthe state’s economic conditions continue to he said.
Sunday, May 1, 2011
Matthew Shipp: Art of the Improviser - PopMatters
lihung-associations.blogspot.com
Matthew Shipp: Art of the Improviser PopMatters Going with this momentum, Shipp played out a number of times, and Art of the Improviser is the result. The first disc is a five-song set performed by his trio of Michael Bisio on bass and Whit Dickey on drums, while the second disc is a solo set two ... |
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