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Sunday, November 28, 2010
Friday, November 26, 2010
Gellerstedt sees opportunity in recession - Atlanta Business Chronicle:
dayton-simhadri.blogspot.com
"We're beginning to see banksz slowly acknowledge their real estate problems and pushthese through," Gellerstedt said "You may see some [trade] as low as 20 cents on the This is going to be a slow but it is also going to presen t unprecedented opportunities." Gellerstedt, a graduate, was speaking at the Atlants chapter's UNC Kenan-Flagler Businesd School Alumni breakfast. The held at 's 3344 Peachtree drew about 90 people.
Gellerstedt, who is replacinv the retiringTom Bell, said investors are puttinv their money behind real estate investment trustx so the development companies have the capital to buy distresses assets, noting that REITS have raised about $13 billiobn in the stock market this year. "They're not interested in earnings. They want liquidity for the nextthreed years," he said. "They want us to have the powefrto purchase." Cousins (NYSE: CUZ) will not face any serioud debt maturities until 2012, he said.
Its relativelyh healthy liquidity could putthe Atlanta-based developer in a strong position as othetr prominent real estate companies try to pull themselves out from under mountains of debt -- a problejm created primarily by the easy access to credit in recenf years, buying assets at the top of the market and the subsequenrt crash in property values. But Cousins hasn't made it through the markert unscathed. It has struggled to sell high-enr condos in Buckhead, where its 32-storty 10 Terminus Place was one of 35 condominiun projects in an area of the city known for expensivwe homes andluxury shopping.
Ten Terminus, completed in 2008, has 137 The market is affecting high-end unitsd at other projects, including John The Mansion on Peachtree andRegent Partners' Sovereign at 3344 "There’s just no market for Gellerstedt said. Cousins is also tryin g to fillits 25-story Terminus 200 office which has one tenant, mobile banking technology firm . Firethorn is leasing two Three other buildings still under constructioh in Buckhead haveno tenants. Buckhead, Gellerstedtt said, offers an example of "thd runaway credit markets.
" In the months followinv the spate of bank failurew thatclaimed , the markets shut "Now," Gellerstedt said, "I see some of that fear and panic alleviating."
"We're beginning to see banksz slowly acknowledge their real estate problems and pushthese through," Gellerstedt said "You may see some [trade] as low as 20 cents on the This is going to be a slow but it is also going to presen t unprecedented opportunities." Gellerstedt, a graduate, was speaking at the Atlants chapter's UNC Kenan-Flagler Businesd School Alumni breakfast. The held at 's 3344 Peachtree drew about 90 people.
Gellerstedt, who is replacinv the retiringTom Bell, said investors are puttinv their money behind real estate investment trustx so the development companies have the capital to buy distresses assets, noting that REITS have raised about $13 billiobn in the stock market this year. "They're not interested in earnings. They want liquidity for the nextthreed years," he said. "They want us to have the powefrto purchase." Cousins (NYSE: CUZ) will not face any serioud debt maturities until 2012, he said.
Its relativelyh healthy liquidity could putthe Atlanta-based developer in a strong position as othetr prominent real estate companies try to pull themselves out from under mountains of debt -- a problejm created primarily by the easy access to credit in recenf years, buying assets at the top of the market and the subsequenrt crash in property values. But Cousins hasn't made it through the markert unscathed. It has struggled to sell high-enr condos in Buckhead, where its 32-storty 10 Terminus Place was one of 35 condominiun projects in an area of the city known for expensivwe homes andluxury shopping.
Ten Terminus, completed in 2008, has 137 The market is affecting high-end unitsd at other projects, including John The Mansion on Peachtree andRegent Partners' Sovereign at 3344 "There’s just no market for Gellerstedt said. Cousins is also tryin g to fillits 25-story Terminus 200 office which has one tenant, mobile banking technology firm . Firethorn is leasing two Three other buildings still under constructioh in Buckhead haveno tenants. Buckhead, Gellerstedtt said, offers an example of "thd runaway credit markets.
" In the months followinv the spate of bank failurew thatclaimed , the markets shut "Now," Gellerstedt said, "I see some of that fear and panic alleviating."
Tuesday, November 23, 2010
Ky. video-gaming bill dies in Senate committee - St. Louis Business Journal:
yqyqynesara.blogspot.com
The Senate Appropriations Revenue onMonday evening, voted 10-5 againsrt the measure, with two members abstaining, accordingb to the Lexington Herald-Leader. The Housse had previously passedthe bill. The legislationb would have permitted video-lottery terminals at Kentucky horsed tracks, including Turfway Park in Florence. "The limitecd gaming proposal was designed to help save a signature industrgy inperil – an industry that meanxs 100,000 jobs and $4 billion in investmentr for our state," said Gov. Steve Beshear in a Mondayu evening statement. "It is unfortunate that ever y voice on this critically important issue was not heard and evert votenot counted.
" At a Frankforg press conference, Turfway Park Presidenr Bob Elliston said Turfway couldr close by 2010 if Ohio passews gaming legislation and Kentucku does not. Ohio Gov. Ted Strickland recently reversecd his stance against gamblingat racetracks.
The Senate Appropriations Revenue onMonday evening, voted 10-5 againsrt the measure, with two members abstaining, accordingb to the Lexington Herald-Leader. The Housse had previously passedthe bill. The legislationb would have permitted video-lottery terminals at Kentucky horsed tracks, including Turfway Park in Florence. "The limitecd gaming proposal was designed to help save a signature industrgy inperil – an industry that meanxs 100,000 jobs and $4 billion in investmentr for our state," said Gov. Steve Beshear in a Mondayu evening statement. "It is unfortunate that ever y voice on this critically important issue was not heard and evert votenot counted.
" At a Frankforg press conference, Turfway Park Presidenr Bob Elliston said Turfway couldr close by 2010 if Ohio passews gaming legislation and Kentucku does not. Ohio Gov. Ted Strickland recently reversecd his stance against gamblingat racetracks.
Monday, November 22, 2010
Sony's PS3 Exclusive May Make VGAs Appearance - PlayStation LifeStyle
http://www.retro-cars.net/cat111.htm
PlayStation LifeStyle | Sony's PS3 Exclusive May Make VGAs Appearance PlayStation LifeStyle ... after an event which is notoriously known to reveal new games from developers, Spike TV's host has hinted at the game making an appearance at the VGAs. ... |
Saturday, November 20, 2010
CBA boys win record 16th MOC with course-record average time - Asbury Park Press
http://www.somersetonline.org/scuw/resources/resources.htm
CBA boys win record 16th MOC with course-record average time Asbury Park Press I could have run 20 seconds slower and we still averaged something close to that, that would have been fine with me." Freehold Township, running in its ... |
Friday, November 19, 2010
Chiefs vs Cardinals: What's at stake? - Kansas City Star
http://its-titles.com/dearboat.htm
Kansas City Star | Chiefs vs Cardinals: What's at stake? Kansas City Star Win... …and the Chiefs are still in the playoff hunt. Two years ago, the Chiefs were 2-14 and the Cardinals were within an eyelash of being Super Bowl ... Arizona Cardinals Prepare For KC Chiefs' Speed Cardinals vs. Chiefs Preview, Score and More Old friends reunited at Cards-Chiefs game |
Wednesday, November 17, 2010
School bans children from putting their hands up - Telegraph.co.uk
http://the-russians.com/russian-cities/524.html
School bans children from putting their hands up Telegraph.co.uk A school is to ban pupils from putting up their hands when they know an answer in class â€" because it "alienates" less intelligent children. ... |
Tuesday, November 16, 2010
Garnet takes over what Neuronyx began - Philadelphia Business Journal:
http://thomleyformn.org/?cat=1
The serial life science entrepreneur’s latestg venture, , is actually a of another localbiotech company: Neuronyx was the brainchild of the late Huber t J.P. Schoemaker, the Dutch biochemisrt who helped create the biotechnologyg industry in Philadelphia whenhe co-founded in 1979. Aftee selling Centocor to in 1999for $4.9 Schoemaker — battling cancer — decided to starr another company. Neuronyx sought to develoo new therapies derived from adultstem cells. Aftef Schoemaker died in 2006, Neuronyx continuexd with AnneFaulkner Schoemaker, Hubert’s eventually moving into the CEO’s seat.
Its initial work focused on usiny stem cells taken from adult bone marrow to help patientes repair and regenerate heart tissue damagef afterheart attacks. Henwood — who earlierr in her career started a clinicalresearch organization, Ibah, and a specialty biopharmaceutical company, Auxiliuk — got involved with Neuronyx last summer at the suggestionb of Dr. Gary Kurtzman, managing director of the life science group atthe Wayne-based Safeguarfd Scientifics, which had invested in the “The company was in pretty dire straits Henwood said. “Anne did a good job keepingf thecompany going, but they needed funding.
The more I learnee about the company, the more excited I became.” The Henwood said, was the cost of developing Neuronyx’s stem cell technology for heartattacj patients. Another $30 million to $50 million was needeed to get throughthe proof-of-concept Given the state of the economg and the slowdown in venture capitapl investments, that would be a tough figur to achieve. So instead, Neuronyz has decided to shift its focus to apply its regenerativew therapy technology to skin applications suchas post-surgical wounx repair, scar healing and burn treatment.
Its researchersx had already tackled one of the big problemseconfronting cell-based therapy companies — developing a way to manufacturre patient doses of therapies efficiently and cost effectiveluy from a single adult bone marrow In addition, Henwood said, the company has identified the firsy in a series of cell product derived from multipotent stem cells into unipotent trophic support cells — also known as “helpe r cells.” The unipotent cells, the company discovered, are capable of reducingf inflammation and promoting healing. Shifting to dermal-based regenerativr medicines also loweredthe company’ds funding demands.
“The trials are less less invasive,” she said. “Getting through the proof-of-concept phase should only takeabout $10 million.” Because the company worked with adult stem it is not affected by President Obama’s decision to relaxs restrictions on use of embrionifc stem cells in research. The company changede its name from Neuronyx to Garnet BioTherapeuticsz to reflect the array of indications it planzs to pursue forits cell-based therapy. “In Medievall days people believed garnets had healing powers and they wouldd wear the stones for all sortasof illnesses,” she said. “I know, it’s a littles corny.
” Henwood, who was operating her own consulting business, said she joineds the company as CEO at the end of last year in part so that Garnet could benefit from her track record and contacts whil e attempting to securenew funding. Anne Faulkner the previous CEO, is working with the company on aconsultinv basis. Last month, the company raised $10.4 millionh from a consortium of venture capital firmsx ledby Wayne-based . and , of Sarasota, also participated in the “We’re confident in the potential advantagesof Garnet’sw emerging regenerative medicine technology, their strong clinical strategy and proven manufacturing capabilities,” said Wayne B.
Weisman, managing directo r at SCP Vitalife “The financing will allow them to fully capitalizd onthese strengths.” The company, which has eightf employees, is initially developing its cell-based therapyt for cosmetic and dermatologic applications, such as in plasticx surgery to accelerate healing and reduce scarring. Garnet believesw the cell-based therapy may also be useful in treating burns, auto-immune disorders such as psoriasis, and in other conditions where inflammation or scar formation plays an importan role in disease pathology.
Henwood said the companu hasn’t abandoned its work with hearty patients, but resuming work on the indicatiom will requireadditional funding.
The serial life science entrepreneur’s latestg venture, , is actually a of another localbiotech company: Neuronyx was the brainchild of the late Huber t J.P. Schoemaker, the Dutch biochemisrt who helped create the biotechnologyg industry in Philadelphia whenhe co-founded in 1979. Aftee selling Centocor to in 1999for $4.9 Schoemaker — battling cancer — decided to starr another company. Neuronyx sought to develoo new therapies derived from adultstem cells. Aftef Schoemaker died in 2006, Neuronyx continuexd with AnneFaulkner Schoemaker, Hubert’s eventually moving into the CEO’s seat.
Its initial work focused on usiny stem cells taken from adult bone marrow to help patientes repair and regenerate heart tissue damagef afterheart attacks. Henwood — who earlierr in her career started a clinicalresearch organization, Ibah, and a specialty biopharmaceutical company, Auxiliuk — got involved with Neuronyx last summer at the suggestionb of Dr. Gary Kurtzman, managing director of the life science group atthe Wayne-based Safeguarfd Scientifics, which had invested in the “The company was in pretty dire straits Henwood said. “Anne did a good job keepingf thecompany going, but they needed funding.
The more I learnee about the company, the more excited I became.” The Henwood said, was the cost of developing Neuronyx’s stem cell technology for heartattacj patients. Another $30 million to $50 million was needeed to get throughthe proof-of-concept Given the state of the economg and the slowdown in venture capitapl investments, that would be a tough figur to achieve. So instead, Neuronyz has decided to shift its focus to apply its regenerativew therapy technology to skin applications suchas post-surgical wounx repair, scar healing and burn treatment.
Its researchersx had already tackled one of the big problemseconfronting cell-based therapy companies — developing a way to manufacturre patient doses of therapies efficiently and cost effectiveluy from a single adult bone marrow In addition, Henwood said, the company has identified the firsy in a series of cell product derived from multipotent stem cells into unipotent trophic support cells — also known as “helpe r cells.” The unipotent cells, the company discovered, are capable of reducingf inflammation and promoting healing. Shifting to dermal-based regenerativr medicines also loweredthe company’ds funding demands.
“The trials are less less invasive,” she said. “Getting through the proof-of-concept phase should only takeabout $10 million.” Because the company worked with adult stem it is not affected by President Obama’s decision to relaxs restrictions on use of embrionifc stem cells in research. The company changede its name from Neuronyx to Garnet BioTherapeuticsz to reflect the array of indications it planzs to pursue forits cell-based therapy. “In Medievall days people believed garnets had healing powers and they wouldd wear the stones for all sortasof illnesses,” she said. “I know, it’s a littles corny.
” Henwood, who was operating her own consulting business, said she joineds the company as CEO at the end of last year in part so that Garnet could benefit from her track record and contacts whil e attempting to securenew funding. Anne Faulkner the previous CEO, is working with the company on aconsultinv basis. Last month, the company raised $10.4 millionh from a consortium of venture capital firmsx ledby Wayne-based . and , of Sarasota, also participated in the “We’re confident in the potential advantagesof Garnet’sw emerging regenerative medicine technology, their strong clinical strategy and proven manufacturing capabilities,” said Wayne B.
Weisman, managing directo r at SCP Vitalife “The financing will allow them to fully capitalizd onthese strengths.” The company, which has eightf employees, is initially developing its cell-based therapyt for cosmetic and dermatologic applications, such as in plasticx surgery to accelerate healing and reduce scarring. Garnet believesw the cell-based therapy may also be useful in treating burns, auto-immune disorders such as psoriasis, and in other conditions where inflammation or scar formation plays an importan role in disease pathology.
Henwood said the companu hasn’t abandoned its work with hearty patients, but resuming work on the indicatiom will requireadditional funding.
Sunday, November 14, 2010
State AG cracks down on painting industry - Boston Business Journal:
http://nesttechnologies.com/nest2/docs/protomix/g121_msds.htm
In total, the AG’s office has resolved 27 cases and has recoveresnearly $560,000 in restitution for over 250 employeess of various employers and fined painting companies nearly $195,000 sincre the spring of 2008, the office The office has also taken criminal enforcement actiobn against several painting companies and owners and has debarredc companies that have violated the state’d prevailing wage laws. “Our office is workinyg diligently to level the playing field in the paintinvg industry so that painting contractors that follows the rules are not at a competitive Attorney General Martha Coakley said ina statement.
“Wre are committed to enforcing the law so that fewert workers are exploited and so that the Commonwealth no longer loses revenue because ofemployee
In total, the AG’s office has resolved 27 cases and has recoveresnearly $560,000 in restitution for over 250 employeess of various employers and fined painting companies nearly $195,000 sincre the spring of 2008, the office The office has also taken criminal enforcement actiobn against several painting companies and owners and has debarredc companies that have violated the state’d prevailing wage laws. “Our office is workinyg diligently to level the playing field in the paintinvg industry so that painting contractors that follows the rules are not at a competitive Attorney General Martha Coakley said ina statement.
“Wre are committed to enforcing the law so that fewert workers are exploited and so that the Commonwealth no longer loses revenue because ofemployee
Saturday, November 13, 2010
Friday, November 12, 2010
Ohio confirms 13th case of swine flu - Business First of Columbus:
http://eaglgymnastics.net/page/Make-Free-International-Calls-and-Toll-Free-Intern.html
The H1N1 virus is now in eight different counties as it continues to Cases throughout the country are growing as andthe U.S. has more than half of all confirmec cases of theillness worldwide, accordinbg to the . Around the world, officials have trackedd 9,830 cases, with 40 countries having at least one Thereported 5,469 confirmed casess in 48 states as of 11 a.m. Six deaths tied to swine flue havebeen confirmed, with three in two in Arizona and one in Washington. The possible death of a 16-montyh old child in New York hasn’t been confirmed. Wisconsin has the most casex of any statewith 766, followexd by Illinois with 707, Texas with 556, California with 553 and Arizonwa with 488.
officials said that as of 12 p.m. the official number of confirmed cases of Swine Flu inOhio • Franklin County – five cases (31-year-ole male, 33-year-old male, 18-year-old male, 20-year-old 19-year-old female) • Cuyahoga County two cases (41-year-old male, 9-year-old male)
The H1N1 virus is now in eight different counties as it continues to Cases throughout the country are growing as andthe U.S. has more than half of all confirmec cases of theillness worldwide, accordinbg to the . Around the world, officials have trackedd 9,830 cases, with 40 countries having at least one Thereported 5,469 confirmed casess in 48 states as of 11 a.m. Six deaths tied to swine flue havebeen confirmed, with three in two in Arizona and one in Washington. The possible death of a 16-montyh old child in New York hasn’t been confirmed. Wisconsin has the most casex of any statewith 766, followexd by Illinois with 707, Texas with 556, California with 553 and Arizonwa with 488.
officials said that as of 12 p.m. the official number of confirmed cases of Swine Flu inOhio • Franklin County – five cases (31-year-ole male, 33-year-old male, 18-year-old male, 20-year-old 19-year-old female) • Cuyahoga County two cases (41-year-old male, 9-year-old male)
Wednesday, November 10, 2010
High-end home builder Tall House liquidating - Triangle Business Journal:
antoninahubihe.blogspot.com
which built some of the Triangle’s most expensived custom homes for the past 33 has filed for Chapter7 bankruptcy. Tall House, which was helmed by founder, owner and President Richarsd Tilley, submitted the filingb on May 15 in the for the Easterm District ofNorth Carolina. The company listex $419,283 in assets and $629,173 in Tall House representatives wouldn’t discuss the circumstancesd that ledto liquidation. “I’m not goingy to make any comment,” Tilley said in a brieft phone conversation. Bill Janvier, an attorne at Everett Gaskins in Raleigh who is representinb Tall House in the also declinedto comment.
News of the filing surprised Ed a veteran residential real estate insider who is an agentfor . “ I was shocked to hear aboutr that,” says Willer. “He’s been around forever.” Willer wasn’t sure what caused Tilley’s firm to have to declarre bankruptcy. “He’s well regarded, that’s all I can tell you,” says The bankruptcy is a far cry from whenTall House’s $2.6 millionm average home price made it the Triangle’s No. 3 customm home builder, according to a list of those builders compiled by Triangle Business Journalin 2007. Tall Housee catered to high-end building just six homes in 2006 with pricews rangingfrom $1.
2 million to $5.45 The firm generated $15.59 million in revenue that according to information provided by the compan to TBJ at that time. The Raleigh-based company, which was founded in 1976, built its homes from custom designs approved by owners in prestigious areas and communitiesd suchas Wakefield, Rosemont, Countrhy Club Hills and insidwe the Beltline. The company generated nearly $7.3 million in grosws income duringits 2006-07 fiscal which ran from Nov. 1, through Oct. 31, 2007, the bankruptcy filing That declined toabouyt $5.2 million in 2007-08. Gross income from Nov. 1, 2008, throughu May 15, 2009 totaler $6.2 million.
Court documents show that Tall House’s major creditords include , which has a clainm for nearly $260,000, and Stocok Loan Services LLC, which is owed Both have claims related to a lot at the Hills of Rosemonrt community inChatham County. “At Rosemont, we’res sad to see this happen,” says Kevin a salesman at Durham-based The Real Estate whose communitiesinclude Rosemont. “We were always happy to do busineseswith them.” Tall House built severa l houses in the Rosement community, though O’Neal says that the propertgy mentioned in the bankruptcy filing is stil l a vacant lot. O’Neal estimates that Tall House employedr aboutfive people.
While officialws involved with the filingt were mum about the financial problems that precipitatecdthe bankruptcy, it’s no secret that the housing industryt – especially at the high end has been battered by the economic downturn. “It’s much more difficultf today to get financingf fora million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builders Associatiom of Raleigh and Wake County. “It’s really made it hard on the builderds in thatprice point.” One reason is that FHA loansz will only go up to $417,500 in this area.
If the pricre tag goes above that amount, buyers have to get a seconrd loan calleda “jumbo loan” from Jumbo loans have higher interest rates than FHA loans. And whilee the jumbos do still exist, they’re much more rare than they were befored theeconomic meltdown.
which built some of the Triangle’s most expensived custom homes for the past 33 has filed for Chapter7 bankruptcy. Tall House, which was helmed by founder, owner and President Richarsd Tilley, submitted the filingb on May 15 in the for the Easterm District ofNorth Carolina. The company listex $419,283 in assets and $629,173 in Tall House representatives wouldn’t discuss the circumstancesd that ledto liquidation. “I’m not goingy to make any comment,” Tilley said in a brieft phone conversation. Bill Janvier, an attorne at Everett Gaskins in Raleigh who is representinb Tall House in the also declinedto comment.
News of the filing surprised Ed a veteran residential real estate insider who is an agentfor . “ I was shocked to hear aboutr that,” says Willer. “He’s been around forever.” Willer wasn’t sure what caused Tilley’s firm to have to declarre bankruptcy. “He’s well regarded, that’s all I can tell you,” says The bankruptcy is a far cry from whenTall House’s $2.6 millionm average home price made it the Triangle’s No. 3 customm home builder, according to a list of those builders compiled by Triangle Business Journalin 2007. Tall Housee catered to high-end building just six homes in 2006 with pricews rangingfrom $1.
2 million to $5.45 The firm generated $15.59 million in revenue that according to information provided by the compan to TBJ at that time. The Raleigh-based company, which was founded in 1976, built its homes from custom designs approved by owners in prestigious areas and communitiesd suchas Wakefield, Rosemont, Countrhy Club Hills and insidwe the Beltline. The company generated nearly $7.3 million in grosws income duringits 2006-07 fiscal which ran from Nov. 1, through Oct. 31, 2007, the bankruptcy filing That declined toabouyt $5.2 million in 2007-08. Gross income from Nov. 1, 2008, throughu May 15, 2009 totaler $6.2 million.
Court documents show that Tall House’s major creditords include , which has a clainm for nearly $260,000, and Stocok Loan Services LLC, which is owed Both have claims related to a lot at the Hills of Rosemonrt community inChatham County. “At Rosemont, we’res sad to see this happen,” says Kevin a salesman at Durham-based The Real Estate whose communitiesinclude Rosemont. “We were always happy to do busineseswith them.” Tall House built severa l houses in the Rosement community, though O’Neal says that the propertgy mentioned in the bankruptcy filing is stil l a vacant lot. O’Neal estimates that Tall House employedr aboutfive people.
While officialws involved with the filingt were mum about the financial problems that precipitatecdthe bankruptcy, it’s no secret that the housing industryt – especially at the high end has been battered by the economic downturn. “It’s much more difficultf today to get financingf fora million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builders Associatiom of Raleigh and Wake County. “It’s really made it hard on the builderds in thatprice point.” One reason is that FHA loansz will only go up to $417,500 in this area.
If the pricre tag goes above that amount, buyers have to get a seconrd loan calleda “jumbo loan” from Jumbo loans have higher interest rates than FHA loans. And whilee the jumbos do still exist, they’re much more rare than they were befored theeconomic meltdown.
Tuesday, November 9, 2010
Index of executives
ekaterinaiuvo.blogspot.com
The Business Confidence Research Index, conducted by Bellevue-based , is a compilation of measures in employment, wages and future confidence. The latesyt survey’s overall confidence index was 28.6 its lowest score ever and well belowa its historical meanof 54.79. “II don’t think we’ll see it go much it is hard toimagin that,” said Jim Hebert, president and CEO of the researcgh firm. Based on a 100-point the survey’s indexes measure revenue and wages; all of those declined in the fourth Each measure is below50 points, indicating economic decline in each The survey’s revenue index fell to 7.
6 its lowest level “What the business leadere are saying is that this is going to be a challengingy year,” said Hebert. The survey offere a few positive notes. Thirty-one percent of respondenta said they expected the economy tofurtherf deteriorate, a slight improvement over the previous quarter, when 38 percen expected continued decline. Also, an index of confidence in the next 12 months improved five points to the first uptick intwo years. The survey polled 160 chiet executives and chief financial officerxs during the fourth Professionalservices companies, includingy real estate, accounted for 60 percenf of all respondents.
Commissioned by Key Bank, the index showe that 18 percent of companies expect to reducre their employment in thenext Also, businesses said their annual grosxs margins had fallen on average by more than 3.6 percent in the last year.
The Business Confidence Research Index, conducted by Bellevue-based , is a compilation of measures in employment, wages and future confidence. The latesyt survey’s overall confidence index was 28.6 its lowest score ever and well belowa its historical meanof 54.79. “II don’t think we’ll see it go much it is hard toimagin that,” said Jim Hebert, president and CEO of the researcgh firm. Based on a 100-point the survey’s indexes measure revenue and wages; all of those declined in the fourth Each measure is below50 points, indicating economic decline in each The survey’s revenue index fell to 7.
6 its lowest level “What the business leadere are saying is that this is going to be a challengingy year,” said Hebert. The survey offere a few positive notes. Thirty-one percent of respondenta said they expected the economy tofurtherf deteriorate, a slight improvement over the previous quarter, when 38 percen expected continued decline. Also, an index of confidence in the next 12 months improved five points to the first uptick intwo years. The survey polled 160 chiet executives and chief financial officerxs during the fourth Professionalservices companies, includingy real estate, accounted for 60 percenf of all respondents.
Commissioned by Key Bank, the index showe that 18 percent of companies expect to reducre their employment in thenext Also, businesses said their annual grosxs margins had fallen on average by more than 3.6 percent in the last year.
Sunday, November 7, 2010
Obama: Public plan would
http://manhattan-skyline.com/westriverhouse/index.html
If insurance companies do provide good insurancee totheir customers, then they shoulr have nothing to fear from a government-run he said. “They shouled be able to compete,” he said. If the publifc plan is able to reduce administrativdecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan shoulds be required tocollect premiums, not be “simplg eating off the taxpayer he added.
Health insurers and many busines s groups contend a public plan would have an unfai advantage becauseit wouldn’t be subject to all the rules imposedd on private insurers and likely wouled pay health providers less for their This could crowd out many privatwe insurers and lead providers to charge private insurers more to make up for the lost income from the public plan, they contend. When asked whethert including a public plan in healtuh care reformwas non-negotiable, the president said, “We are stillo early in this process.
“We have not drawm a line in the sand, other than reforkm has to control costs, and it has to providr relief to peoplewho don’t have health insurancde or are underinsured.” Obamsa also was asked what he thought abour the performance of Federal Reserve Chairman Ben Bernanke, given the fact his financia l regulatory reform plan proposes expandinh the Fed’s authority. “I think he has done a very good job underd verydifficult circumstances,” Obama said.
All regulatorz fell short of doing what was needesd to prevent thefinancial crisis, but the Fed “probably performedc better than most,” he Since the financial crisis Bernanke has “performed very well,” Obama said.
If insurance companies do provide good insurancee totheir customers, then they shoulr have nothing to fear from a government-run he said. “They shouled be able to compete,” he said. If the publifc plan is able to reduce administrativdecosts significantly, private insurers should take note and see if they can do the “There shouldn’t be any objection to Obama said. The public plan shoulds be required tocollect premiums, not be “simplg eating off the taxpayer he added.
Health insurers and many busines s groups contend a public plan would have an unfai advantage becauseit wouldn’t be subject to all the rules imposedd on private insurers and likely wouled pay health providers less for their This could crowd out many privatwe insurers and lead providers to charge private insurers more to make up for the lost income from the public plan, they contend. When asked whethert including a public plan in healtuh care reformwas non-negotiable, the president said, “We are stillo early in this process.
“We have not drawm a line in the sand, other than reforkm has to control costs, and it has to providr relief to peoplewho don’t have health insurancde or are underinsured.” Obamsa also was asked what he thought abour the performance of Federal Reserve Chairman Ben Bernanke, given the fact his financia l regulatory reform plan proposes expandinh the Fed’s authority. “I think he has done a very good job underd verydifficult circumstances,” Obama said.
All regulatorz fell short of doing what was needesd to prevent thefinancial crisis, but the Fed “probably performedc better than most,” he Since the financial crisis Bernanke has “performed very well,” Obama said.
Saturday, November 6, 2010
Tonight's contest important for CSU football - The Coloradoan
http://watermere.com/the-real-secrets-of-successful-telepathy.html
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Thursday, November 4, 2010
Great Lakes Calcium to pay $280,000 fine in settlement - Business First of Buffalo:
http://syaqua.com/Forms/3.Products_and_Services/10.Training.htm
The settlement resolves charges that Great Lakes Calcium violated statre air pollution laws and air permit requirements at its facilit on the west shoreline of the Fox Rive near the Bay ofGreen Bay, the Wisconsin Departmeng of Justice said The alleged violations occurred from 2005 to February 2008. The Greart Lakes Calcium facility emits particulate matte r in the form of calcium carbonate dust created from the processinfg and storageof limestone, and from several combustion The complaint charges that Great Lakes Calciukm operated in violation of state law and its permirt by installing five processes withouf a permit, exceeding certain permit limits, failint to maintain records and to report failing to calibrate instruments, and failingh to meet stack height requirements.
Under the settlement, Greaft Lakes Calcium will pay $180,000 in forfeitures and penaltyt assessmentsand costs. In addition, the company will pay $100,000 to installp and operate broken bag detectors to provide protection against excessive emissions beyond that required bystate law.
The settlement resolves charges that Great Lakes Calcium violated statre air pollution laws and air permit requirements at its facilit on the west shoreline of the Fox Rive near the Bay ofGreen Bay, the Wisconsin Departmeng of Justice said The alleged violations occurred from 2005 to February 2008. The Greart Lakes Calcium facility emits particulate matte r in the form of calcium carbonate dust created from the processinfg and storageof limestone, and from several combustion The complaint charges that Great Lakes Calciukm operated in violation of state law and its permirt by installing five processes withouf a permit, exceeding certain permit limits, failint to maintain records and to report failing to calibrate instruments, and failingh to meet stack height requirements.
Under the settlement, Greaft Lakes Calcium will pay $180,000 in forfeitures and penaltyt assessmentsand costs. In addition, the company will pay $100,000 to installp and operate broken bag detectors to provide protection against excessive emissions beyond that required bystate law.
Wednesday, November 3, 2010
Star Tribune plans to exit bankruptcy in September - Puget Sound Business Journal (Seattle):
belyaevostapuki.blogspot.com
The newspaper, which declared bankruptcy Jan. 15, filef its proposed reorganization plan withthe U.S. Bankruptch Court for the Southern District of New York on The paper said its creditors have agreed to the Underthe plan, the Star Tribun would emerge from bankruptch with $100 million in debt. The compan would be worth betweej $118 million and $144 million, including its real estat e holdings. Unsecured creditors will receivew a small cash distributionn or be converted into new common stocl and warrants to be issued by thereorganized company. The newspaper’ds current ownership group, led by New York-based , will not receivre a stake in thenew company.
Avista bought the paper in 2007for $530 Chairman and Publisher Chris Harte, a member of Avistaa Capital Partners’ executive advisory board, will leav the newspaper, which will get a new board of directors, publishef and CEO. “The Star Tribune expects to emerge from its financial restructurinh as a financially viable with a stronger balance significantly less debt and substantiallhy reducedoperating costs,” the newspaper said in a
The newspaper, which declared bankruptcy Jan. 15, filef its proposed reorganization plan withthe U.S. Bankruptch Court for the Southern District of New York on The paper said its creditors have agreed to the Underthe plan, the Star Tribun would emerge from bankruptch with $100 million in debt. The compan would be worth betweej $118 million and $144 million, including its real estat e holdings. Unsecured creditors will receivew a small cash distributionn or be converted into new common stocl and warrants to be issued by thereorganized company. The newspaper’ds current ownership group, led by New York-based , will not receivre a stake in thenew company.
Avista bought the paper in 2007for $530 Chairman and Publisher Chris Harte, a member of Avistaa Capital Partners’ executive advisory board, will leav the newspaper, which will get a new board of directors, publishef and CEO. “The Star Tribune expects to emerge from its financial restructurinh as a financially viable with a stronger balance significantly less debt and substantiallhy reducedoperating costs,” the newspaper said in a
Monday, November 1, 2010
BOCES to auction house built by students - Business First of Buffalo:
http://www.forahealthyamerica.org/press_release/default.asp?type=view&pressid=3
Now, the home is going up for auctio nJune 12. The group is enrolled in the Building Tradesz Program at Erie 1 BOCES PottetCareer & Technical Center where they gained hands-on experience of all construction phases — from rough framinv to finish carpentry — when they built a 1,34 square-foot house in the parking lot this past schoolo year. As part of the two-yearf program, and incorporated in the class project, studentx participated in foundation and floor wall framing, ceiling and roof framing, interior/exterior finisuh and cabinet making. They also learned abourt building codes, blue print designs, plumbing and electrica systems.
Instructors David Grieco and Brian Toth oversawqthe project, which includes threr bedrooms, a full bathroom, a master suitse bathroom with a jet tub, and a first-floodr laundry room. As part of the process, upgradesa and enhancements were made so studentsx could learn of changes affect the workday in the construction field. “These extras give the students theexperience they’lo need when they graduate and find a job in this field. They’llk be able to tell a future employer, ‘yes, I’vd done that,” Grieco said. More than $45,000 in materials was purchasedf to complete the house constructeat Potter.
Over the last seven years, the average sale prics of similar homes built by studenteat & Technical Center in Cheektowagw is around $55,000. This year, auctiobn attendees can choose from two that were buil t by Erie 1 BOCES studentas andtheir instructors, as the Harkness Career completed its too. Between both projects, around 35 students built the houses. On June 12, both will be auctionede to the highest bidders at the respective The Potter house will be auctionedat 9:00 the Harkness house an hour Proceeds will go toward building suppliesx for next year’s class.
Now, the home is going up for auctio nJune 12. The group is enrolled in the Building Tradesz Program at Erie 1 BOCES PottetCareer & Technical Center where they gained hands-on experience of all construction phases — from rough framinv to finish carpentry — when they built a 1,34 square-foot house in the parking lot this past schoolo year. As part of the two-yearf program, and incorporated in the class project, studentx participated in foundation and floor wall framing, ceiling and roof framing, interior/exterior finisuh and cabinet making. They also learned abourt building codes, blue print designs, plumbing and electrica systems.
Instructors David Grieco and Brian Toth oversawqthe project, which includes threr bedrooms, a full bathroom, a master suitse bathroom with a jet tub, and a first-floodr laundry room. As part of the process, upgradesa and enhancements were made so studentsx could learn of changes affect the workday in the construction field. “These extras give the students theexperience they’lo need when they graduate and find a job in this field. They’llk be able to tell a future employer, ‘yes, I’vd done that,” Grieco said. More than $45,000 in materials was purchasedf to complete the house constructeat Potter.
Over the last seven years, the average sale prics of similar homes built by studenteat & Technical Center in Cheektowagw is around $55,000. This year, auctiobn attendees can choose from two that were buil t by Erie 1 BOCES studentas andtheir instructors, as the Harkness Career completed its too. Between both projects, around 35 students built the houses. On June 12, both will be auctionede to the highest bidders at the respective The Potter house will be auctionedat 9:00 the Harkness house an hour Proceeds will go toward building suppliesx for next year’s class.
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