Biometric system a possibility - The Borneo Post

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Biometric system a possibility The Borneo Post FACTS THAT FIGURE: Takun explains the fact file of the last state election in his office at Bangunan Sultan Iskandar, Kuching. â€" Photo by Wilfred Pilo KUCHING: The system, linked to National Registration Dept allows election workers to positively ...

Buying new business recharges retiree - Houston Business Journal:

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"Jimmy" Stewart, 58, spent 34 years of full-time employmentg with Stewart & Stevenson, formerlyg listed on the New York Stock For roughly a third ofhis tenure, he was involves in the company's oilfield services operation. He is the great-grandson of company co-founder, C. Jim In 1902 the original C. Jim Stewargt founded the business as a downtown Housto nblacksmith shop. In the late 1950s, Jimmy Stewartr began working in the famil y company ona part-timse basis. He ultimately became an executive vice presideng ofStewart & Stevenso and sat on the company's board. He retired 3 yeards ago as a director and executive atage 54. "Way too Stewart now reflects.
During his three-year retirement, he playedc some golf -- "nor well" -- and traveled. But with some prompting from his wife, he decides to hang out his own shinglew the secondtime around. Says Stewart: "I'm actualluy glad to be back inthe saddle." The three owners of Supremde Electrical Service sold the small but fast-growing business to Stewart for an undisclosed sum. The 58-employeee company founded 14 years ago provideselectrical rig-ul services primarily in the Unitecd States, including Texas. Connie Thompson, whoses family founded Supreme Electrical, owned a majority of the busines s acquiredby Stewart. She has stayed on at the companyy in thesales department.
Stewart describeds the previous ownersas "a very, very conservativs group." He has taken the helm of a company with anythinfg but conservative growth. Sales have roughly triple d during the pasttwo years, reaching the $10 millionh to $12 million range. "This is a very strong market for Supreme," says Stewart. Supreme Electricapl is wired in as a contractor fordrillinf rigs. The company electrically rigs up rigs as they arebeingy built. Stewart draws the analogy of a contractor who handlesa all the electrical work for a housweunder construction. All rig lighting, for instance, is providede by Supreme Electrical.
Among the larges Supreme Electrical clientsis Houston-based National Oilwell Varc o Inc., a publicly traded manufacturet of oil and gas equipment. National Oilwellk maintains a "fevered pace" of orders and a record according to Citigroup equity analystfGeoff Kieburtz. An inevitable replacement cyclw for a world rig fleet well past primr bodes well for both National Oilwell andSupreme Electrical.

Park National Bank shells out $20M for One Commerce Square - Memphis Business Journal:

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Richard Raines, an attorney for , made the only bid for Park National Bank, which was the lender on the Downtownoffic building, while Douglas Alrutz, also an attorney for Tarrant & Combs read the auction The 475,082-square-foot building at 40 S. Main was previously ownedx by OneCommerce LLC, of which Jacksonville, Fla.-basedc is the majority owner. One Commerce LLC bought the 31-story building, constructed in from in 1999 for $31 took over leasing and management of the properttlast week. “Our firm has met with all the tenantsz and we have transactionsin process,” Commercial Alliancer Management president Kemp Conrad said.
“We’red confident it will remain a landmark and one of the best placezs to dobusiness Downtown.” Mark Jenkins, seniof vice president at Commercial Alliance Management, will handles leasing at the building, while executive vice presideny Dan Wahl will lead the property The company has retained the lead maintenance technicianm who has been with the buildingf 15 years. Commercial Alliance Management also handles Downtown leasing at the Falls Building and Toyota previously leased and managed OneCommerce Square. Lease rates were $15.50-$17.
50 per square foot, according to the Memphi Business Journal Office Leasing One Commerce Squarehas 292,602 squares feet available, making it 39% occupied. The building was 73% occupied before ’s 170,000-square-foot lease expired in first quartere 2009.

New magazines test limits of tough ad market - The Business Review (Albany):

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Barasch, a patent attorney and owner ofin Albany, investee “several thousand dollars” of her own money to create . About 1,300 copiesd of the first issuewere distributed, free of charge, to area She said she started the bi-monthly publicatiobn because she saw a need for a “direct methodr of communication” between the area’ technology companies and the insurers, banks, nonprofits and others eagefr to reach them. Her hope is that the targetecd nature of Tech Professional will help the magazine survive in adifficult economy, when advertising dollars shrink. It will not be easy.
Accordinh to the , an arm of the New York City-based Magazine Publishers of America, magazine ad revenuew fell 7.8 percent, to $23 in 2008. Ad pages fell 11.7 In the fourth quarter revenue fell by 14 perceng and pages were down 17 percent as comparecd to ayear earlier. “Getting advertisers in this economy is Barasch said. “But I’ve gotten a good responss so far, so I’m excited.” At the same time Barasch was startintgTech Professional, Liam Sweeney, a former musiciabn and published author, was introducingt the first issue of Capital Flip.
He said he had originall y envisioned theonline publication, which celebrates the “underground music, arts, writing and political scene in as a print magazine, but quickly realized the economy was not on his “In the late ’90s, early 2000s, you coulfd get people to go along with a new idea,” Sweeney “But now you need to be at a certaimn level to get them to It is like the economy is havint a gatekeeper effect.” He also found production costs “The cheapest rate I could get, in was $3,650 for 1,000 copies,” he said. “At $3.
6r5 a copy, you’re asking people to pay $5 for a People don’t have So Capital Flip will be online only, at least for the foreseeable And for the first year, while Sweeney fine-tunes the product and builds an audiencse he can show advertisers, space is “It doesn’t cost me any more to add another page he said. Barasch said she used her networking and keptrates “reasonable,” to attract advertisers to her The initial, 16-page issue containec 10 outside ads.
She said she believea advertisers were willing to give Tech Professionap a chance because they saw the value in gettinv their message out to the entire tech from struggling young firms to the big and All are on hermailing list. Still, she knowsw that her endeavor “may not be as profitable as it wouldr have been inthe ’90s.” It is not only new publicationes that find it harder to attract ad The PIB’s 2008 report lists declines at , Glamour, People and a number of othe popular publications.
“There is no denying that this is a toug h time forad sales,” said Vikki Moran, co-publisher of Capital Regionm Living, a Delmar-based glossy lifestyle magazine that has been publishing for five Moran said sales at the free-distributiob monthly are off “a bit” but coulxd not provide a figure. “One month may be down 20 percent, the next is the next up a but overall isdefinitely down,” she At the same time “we’ve been slappef with a number of price increases,” for paper and production, but have not raiseds rates to cover the added expense.

Conference Board employment index falls in June - Wichita Business Journal:

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in June, down from the revised May figureof 89.1 and from 112.7 in June 2008. The index number is relative to 100 for the 1996 base The index combines eightmarket “Compared to the beginning of the the decline in the Employment Trends Index has significantly and we therefore expect job growth to resume aroundx the end of the year,” The Conferencwe Board Senior Economist Gad Levano said in a Monday release. “However, over the last leading indicators of employmen weremostly disappointing, suggesting the Employment Trends Index is still seeking a bottom.” The index’ s components yielded mixed results in June, The Conferencw Board said in the release.
The declining indicators were the percentagw of respondents who say theyfind “job s hard to get,” the number of employeews in the temporary-help industry, industrial production, real manufacturinbg and trade sales, and job openings. The Conference Boarfd is a global, independent business-membership and research associationm based in NewYork City.

N.C. wins court order against Peak Fitness - Charlotte Business Journal:

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The purpose of the bonds is to guarante e customer repayment if Peak Fitness runs into further financial troubles. All of the Peak Fitnesz clubs are organized under aholding company. One groulp of four Raleigh clubs, Peak Capital Holdings, filee for Chapter 11 bankruptcyin April. Cooper’se office, which filed suit against the companyon Wednesday, announcedr a consent judgment in the case, signedx by Wake County Superior Court Judge Paul Ridgeway. Unded the ruling, Peak Fitness won’t collect prepayments from customere until it can secure bonds for each ofits clubs. In the company will be requirec to submit sworn statements of its liabilitieszto Cooper’s office twice a year.
This week’s coury action isn’t Cooper’s first run-in with the company. In his office won a court orderthat “made substantial changes to customer contracts and billings at all 28 (Peak health clubs across North Carolina,” according to a statement releasex by Cooper’s office. At the time, Peak Fitneszs agreed to designate a single point of contact to handle consumere complaints and to give advancre notice to gym memberas and theattorney general’s office when a healtj club closed or transferred memberships. The gym operatotr also agreed to purchase and maintainappropriatew bonds.
Since the January action, Cooper’s office says, Peak Fitness has closecd gymsin Charlotte, Garner, Knightdale, Raleign and Winston-Salem. Cooper says his office receives notification in March that Peak bonding company would cancel all ofthe firm’sa bonds as of May 12. Also in March, he adds, his officw failed to receive sworn statements from the company on all its and the firm understated its liability byapproximatelty $2 million. “Peak Fitness has not been able to securdreplacement bonds,” Cooper says.
“Theswe bonds are required by state law to reimburse consumers if the healtb club closes and thecompant doesn’t have money to refund consumerss who paid in advance.”

Hispanic, black communities continue to be hit harder by recession - New Mexico Business Weekly:

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Still, there are signs that the stimulues plan maybe working. Officiala with the and the say rising unemployment ratess in minority communities may be finallybottoming out. “Latino and African-Americah workers have seen the worst of this saysJanet Murguía, president and CEO of National Councilp of La Raza, the largesg national Hispanic civil rights and advocacyh organization in the United “Though the outlook may seem bleak, minority communities are invested in the promising deceleration of Nearly six months after Presidentg Obama signed the American Recovery and Reinvestment Act into law in June unemployment for African Americans rose to nearlty 15 percent and nearly 13 percent for Hispanics.
More federao intervention may be neededx to stimulatethe economy, particularly in harder-hity minority communities, says Christian a spokesman for the . “The slowint pace of job losses is a welcom relief and an indicatore that the American Recovery and Reinvestment Act is effectivel stimulatingthe economy,” Dorsey says. the number of jobs it saves or createx pales in comparison towhat we’ve There are fewer jobs now than thers were nine years ago, and in that time almostf 13 million (more people) have been addex to the labor force, and a greater shared of individuals is unemployed long-term than at any pointg on record.
” Heather Boushey, senior economist for the , “While employers are shedding jobs at a slower pace than they did this unemployment continues to plagur millions of families and will not come back down untill the economy begins to experience strong economic growth, which is many months, if not away,” Boushey says. “While families everywhere struggle with higher unemployment andfewer hours, African-American and Hispanic familiews continue to see higher unemployment than white families, alongside large losses in equity from the nationwide decline in home pricez and record rates of foreclosure,” she adds. Web www.nclr.
org