North Shore theater likely to liquidate - Denver Business Journal:

http://meis-cn.com/gazmeet8.3.php
Theater executives announced Tuesdaty that the financially distressedd theater has failed to raisethe $2 million it needee to put on 2009 although more than $500,000 in pledges have been made sinc the theater announced a turn-arounds strategy in mid April. “Thd thing we know is that we’re not putting on a 2009 I think the very likely consequence of that is that we will very quickly go out of saidDavid Fellows, chairman of the North Shorre Music Theatre board.
“Whether it’s Chaptetr 11 or Chapter 7 — it’s completelyh up in the air at the Without a production seasonthis year, the theater is unabl to address the substantial debts of its creditors and restore the theater’s economic said Fellows. The theater is approximately $10 million in including large mortgages on its property and buildingas and debtsto vendors, the State of and subscribers who paid in advance for the 2009 Fellows said most of the theater’sd 4,400 subscribers are unlikely to get their money Subscriptions cost upwards of $350 per seat.
Theaterr executives are in discussions with seniore creditors and are reviewing a liquidation to maximize the value ofthe theater’s assetz for its stakeholders as well as identifyg potential “friendly” buyers of the propertyg who might consider a lease back of the theater, Fellowsd said.

Harvard Learns a Lesson - Bloomberg

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Harvard Learns a Lesson Bloomberg That performance lags behind the 13 percent median for public and corporate pensions, endowments and foundations during that time, according to Wilshire ... Swensen model still highly regarded among investors Yale Daily News Yale endowment earned 8.9% last year Private Equity Hub (press release) Endowment Rebounds To $1 Billion Georgetown University The Hoya  »

EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Denver Business Journal:

http://yourseoblog.com/?p=498
The Hopkinton, Mass., storagew and information managementgiant (NYSE: EMC) said Wednesda the Media Lab sponsorship is one of severall initiatives coordinated out of EMC Research which will be located at 11 Cambridgse Ctr. in Cambridge, Mass. The center will house EMC’ s security-business research lab, RSA Laboratories, as well as abouft a dozen researchers, technologists and business leaderacross EMC’s business units. The company also has researchg facilities in China andSanta Clara, Calif.
“Researchh and advanced technology groupacross EMC, along with our global university research partners, are discovering and explorinv new technologies that will shape the future of digital said Jeff Nick, EMC seniof vice president and chief technology in a statement. “This is an incrediblse opportunity for EMC to bring together some ofthe world’zs leading research minds and innovators in areas such as personalk information management, information integration and cloud As a consortium sponsor of the MIT Media Lab, EMC will be able to accesds the center’s research on how people use and interact with new EMC said its initial collaboration will be on new models for data ownershipl and usage, interfaces for business transactions and health care IT A consortium sponsorship costs $200,000 per year for a minimum of thres years.
Sponsors receive full intellectual property rights to technology developedc at the lab duringtheir sponsorship. The announcement comes a week after EMC and a grou p of universities and technology companies announced the development of a high performancre computing research facilityin Holyoke, Mass. Other tech giants have built dedicated R& D lab in Cambridge in recentg years. (Nasdaq: MSFT), (Nasdaq: GOOG) and (NYSE: IBM) builg research centers in the city in the pasttwo years.

In Capital Consultants settlement, Wilshire to buy back share of credit subsidiary - Portland Business Journal:

http://www.cardiologytalks.com/ejournals-and-ebooks-links
The agreement calls for Wilshire; formetr Wilshire executives Andrew Wiederhorn and Larry Mendohlsonj andtheir families; and the current company, Fog Cutter Capital Group, to pay $29.65 million to the victims of the Capital Consultants according to a Wilshire document filed Tuesda y with the Securities and Exchanger Commission. Wilshire will pay an additional $10.5 millio to recover the 49.99 percentg share of Wilshire Credit Corp. held by the making WCC again a wholly-ownedc subsidiary of Wilshire.
The cash cost to Wilshirew of the settlement and stock acquisition will totaolabout $15 million, the company said, plus a sharde of the proceeds from the anticipated sale of a piec e of real property. Wilshire said it expectw to accruea first-quarter 2002 pre-tax expense of $3.6 milliom in connection with the agreement, "expectesd to eliminate most of the company's futur costs arising from" the Capital Consultants The agreement involving the Wilshire-related parties is part of a much broader settlement negotiate between many defendants involved in the litigationn over Capital Consultants, a Portland monet management firm accused of losing hundreds of millionw of dollars, primarily from labor union trusg funds, in Ponzi-like schemes.
Eleven other including major law andaccounting firms, joined Wilshirer in settling claims. The 12 defendants participating inthe settlement, backed in large part by theier insurance companies, will pay a totaol of $110 million, the Oregonian reported Tuesday. Combined with previouz settlements andasset sales, the agreemen t should yield 57 cents for every dollarf lost by Capital Consultants. Among the othedr defendants, the law firm of Lane Powell Speara Lubersky agreed topay $25 million, Stoel Rives law firm agreedc to pay $12.5 million and accounting firm Moss Adams agreec to pay $17 million, the Oregonian reported. The agreemenrt requires approval bythe U.S.
District Courtt in Oregon and issuance of an order barring futurr claims arising from the Capitao Consultants affair against the defendantswho settled. A court hearinv on the settlement is schedulecd forJune 19. Unresolved claims include those againsf Capital Consultants founder Jeffrey Grayson and against two nationa laccounting firms, Deloitte & Touchse and PricewaterhouseCoopers. The settlement has no bearing on criminao investigations or possiblecriminap proceedings.

Unique naval exercise underway - Australian Department of Defence

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Australian Department of Defence

Unique naval exercise underway Australian Department of Defence Warramunga has just come from Exercise Kakadu, the largest international maritime exercise in Australia for 2010 where ships from Thailand, Singapore and ... and more »

Wendy Welsh

burwellmitubaes1369.blogspot.com
As senior vice president of information technologyfor , she manages a stafft of about 250 workers, two data centers and the IT operation for E.On’s two Louisville Gas & Electric Co. and Kentucky It was her team that mannedthe outage-managemenr system during the ice storm in January, and undee Welsh’s direction, E.On has made two significant investmentx in its technology within the past The first was a $25 million data and transmission center that opened in Shelby County last More recently, E.On implemented a customer-care system that mergeed LG&E and Kentucky previous systems. It was an $80 millioh investment, plus training and operational costs, Welsgh said.
Ability to merge business, IT goales Welsh’s training is not in the IT sectore butin accounting. A licensed CPA, Welsnh joined LG&E as an auditor 25 years ago. She was vice president of administration and then vice president of IT before assuminhg her current rolein 2001. E.On’s IT operations were just emerging at the and company officials knew they needed to make significanr investmentsin technology. Vic Staffieri, E.On’a chairman, CEO and president, said Welsh’s professionao background has given her a unique set of skillx needed to overseethis effort.
She understands the utility operations and what is needec from atechnical standpoint, but she also can providd the financial analysis needed, Staffieri “We get well-thought-out solutions from Staffieri said. “She has developed another leg ofour strategy, givingg us the capabilities to do what we do everyg day.” Although Welsh has accomplished so she does not tout her Staffieri said. She goes about her work in a veryunassuming way, he describing her as a deep thinker and a listener. Debrza Hoffer, president of Junior Achievementof Kentuckiana, agreed that Welsh’s personalityg is more reserved.
She mighrt not be the first board membedr to pipe up in a but behind herquiet facade, she knows what she wants to do and how she’s going to do it. “She gets results,” Hoffer said. “She’sd a highly effective manager while beinfg a really warm persom at thesame time.” Welsh was JA Kentuckiana’ws board chairwoman in 2002, when the nonprofir group was planning to open its James W. Robinson Junior Achievemengt Center for Freedom of The facility is a learningt center that teaches children basicfinancial principles.
She travelefd with JA staff to review similar facilities acrossthe country, and her involvemengt and enthusiasm helped drive the project forward, Hoffed said. Not only did she convey the conceptg to other board but she also ledthe $6.5 milliohn capital campaign that funded the project. In addition, she convincefd her employer to be one of the firsgt donors witha $125,000 gift. “She has a real can-dio attitude and strong desire to help youngg people be successful and Hoffer said. “Her heart is in the right place.
” Besidesz her role with JA, Welsh has spoke to business and management classes atthe , and she has becomew a role model for young said husband John Welsh, an authoe and retired U of L higherr education professor. “She hasn’t become a CEO, but she’s prett darn high in an organization and an industry that has been JohnWelsh said. “She’s blazed some trails for Wendy Welsh said she never set out to break any glass She simply was raised ina middle-class home by parentes who pushed education and demonstrated a strong work

Oracle CEO Unveils New Cloud Computing Hardware - USANewsWeek.com

http://www.capitaller.su/business-finance/page_1.html

ZDNet UK

Oracle CEO Unveils New Cloud Computing Hardware USANewsWeek.com Oracle's annual technology and user conference was opened by Chief Executive Larry Ellison and he unveiled Exalogic, which combines server, ... Ellison, Hurd Talk Up Cloud, Fusion Apps InternetNews.com Oracle offici »

Overbrook Farm to sell off most of its horses - Nashville Business Journal:

http://trade-software.net/2008/11/trend-following-how-great-traders-make-millions/
plans to sell off its Thoroughbred yearlings, breeding stocki and most of its horsesin training, starting at Kenneland’ws yearling sale in September. “Over a perioc of more than 30 years my fathedr developed Overbrook Farm into one of the most successfuol and respected breeding operations inthe world,” said owner Bill Young Jr. in a news “The decision to dispersee is a personal one that came aftedr a great deal of Isimply don’t have the passiobn for the thoroughbred sport that my father did, despiter my respect for the business.
” Overbrook champions include 1996 Kentuckgy Derby winner Grindstone, 1999 Breeder’s Cup Classic winnere Cat Thief, dual classic winner Tabasco Cat, Preakness Stakes winner Timber Country and Belmongt Stakes winner Editor’s Note. The dispersal will include abouy200 horses. The farm will continue as a small racinfg stable under the directionof Young’sx son, Chris Young. “Our goal is to lease the farm as aThoroughbrex operation,” Bill Young said in the release. The yearlings will be sold at Keeneland’ws September Sale, which begins Sept. 14.
The weanlings, broodmarezs and horses of racingy age will be sold during the Novembefr BreedingStock Sale, and the dispersal will continu e during the January Horses of All Ages Sale.

Another drop in Colorado sales-tax revenue - Business First of Columbus:

viktorevaikubuwo.blogspot.com
percent — in May from the same montn theyear before, girding legislators for what they expecrt will be another round of cuts in next year’ws fiscal budget. With the state most of the way througy a fiscal year that ends onJune 30, no more cuts are likel for this year, said Joint Budgert Committee Vice Chairman Jack a Democratic representative from Boulder. The Legislature has designated that any furtheer funding shortfall this year will be filleed by money fromthe state’s undesignated reserve fund and from a one-day borrowing of other funds to be repais on July 1.
However, the continued fall of revenues beloa expectations means the six JBC members who setthe state’ds budget must begin looking soon at additionak ways to scale back expensew or services in next year’s fiscalo plan, several members said. “I guess this means we’re not out of the woods Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’v e already made.” Legislators filled a $1.4 budget shortfalol over the past six months by raiding the reserve funds, transferring hundreds of millions of dollars from cash-fundedr accounts and cutting about $300 million in services.
As revenues continue to come in below that talk will begin State sales-tax receipts for May were off by $30 million, a 17.9 percenf drop from last year. Individual income taxeas fell by $66.3 million or 19.7 percent, and corporatew income taxes droppedby $2.2 million or 13.2 State reserves have about $148 million that can be used to offseyt revenue shortfalls, noted Rep. Mark D-Denver. If the state must transfef funding temporarily, however, that will only push the problem of balancing the budgetf further off untilnext year, he said. “Thwe question is: Does revenue in the futurre pick upif we’rd starting to see recovery, or Ferrandino said.
“We’re starting to see some indicationsa that the economy is startingto recover, if not levek off.”

The must-have accessory for today's criminals: A Yankees hat - Yahoo! Sports (blog)

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The AtlanticWire

The must-have accessory for today's criminals: A Yankees hat Yahoo! Sports (blog) What I'm saying is 100 criminals out of a million hats sold is rather negligible. (Sample size, people! Sample size!) That's not to say that I don't enjoy ... A List of One: Compelling Reasons Why New York's Criminals Wear New York ... Vanity Fair What Is The Deal With Thugs And Yankees Caps? Gothamist Most Criminals Are Yankee Fans, According To NY Times SportsGrid CBS New York -Popular Fidelity  »

You have something to give that our community needs - Silicon Valley / San Jose Business Journal:

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During the “Community Involvement in This Economic Climate” program, attendees pondered the question: Can businessmen and women reallg afford to divert even a slivetr of time or money toward community involvement and stilll survivethis economy? The answer is yes. You can affordf it. In fact, you can’t afford to not do it. At the I listened intently toScotf Bemis, publisher of the Denver Businesds Journal; Chuck Ward, Colorado president for Qwest Communications International; and Scott CEO for First Wester Trust, make the compellinf case for why now is the time to give as much as possiblse to the nonprofit organizations serving our Certainly, the newspaper, telecommunications and banking industries are takinhg an enormous hit during this recession.
Yet, the speakers described how their companies have boldly increasedcommunituy involvement. They’re not alone. “Forward-thinkingv businesses can be transformationalo players by bringing more than money to saidChris Chavez, senior manager of communications at Unite Launch Alliance, which has tripled its corporat e citizenship program that providesz funding in areas of STEM (science, engineering and math) The company also awards $500 minigrantse to nonprofits where an employee has volunteered at least 40 “Business leaders bring experience that can turn challengingf times into fertile ground for changes that will strengthe nonprofit organizations,” Chavez said.
Visit the Center for Corporate Citizenship at Boston Collegeat www.bccc.net, and you’lkl be inspired by the efforts of major corporationa to increase community involvement. One particularl compelling story describes the Microsoft LocalImpact Map, whichj chronicles more than 350 case studies to show how Microsoft’sw partnerships and technology are helpinhg in more than 230 regions around the As a communications professional, I argue that if a nonprofit organizationb can’t effectively tell its story and communicat its core benefits to the right audiences, it likeluy won’t survive the recession.
This is why experienced communication professionala with a highly valuabler skill set are called to investmore — not less in community involvement. Of it isn’t up to only large corporations such as ULA or Microsoft to take oncommunity involvement. Evert person and every organization has something to give back to the whether it’s time, money, product or service. And doinh the right kind of community involvement can generat e exposure for your company and as longas it’s authenti c and dovetails what’s important to you and your Jon Pushkin, president of Pushkimn Public Relations, and a communication veteran of more than 20 years, believes public relationsa professionals are in a unique positiobn to help nonprofits play a vitak role in building strong and healthg communities.
He volunteers his expertise to Facing Historhand Ourselves, a nonprofit that works with high schoolk teachers and students to help them discussd difficult topics. “Beyond the altruistic value, community involvemenf is a great way to build meaningfulo connectionswith clients, customers and businesse prospects,” Pushkin said. And it’s never too soon in your career to add community involvement to yourprofessionalk repertoire.
Liz Pope, marketing coordinatofr at Scott System, is a communicationes rookie, yet she volunteers as co-lead for the Publicd Relations Society ofAmerica (PRSA) Colorado Chapter’s “Pt Boost” event that matches locakl nonprofit organizations with PRSA members who providwe free communication counsel. More than 50 nonprofits have benefitex fromthis program. The next evenf is Aug. 15; learn more at Even public relations professionals who work for nonprofits underscorde the need for stronger communication efforts duringa “I seek out the numerous free seminarzs offered by many outstanding local PR agencies to help my team do a betterr job of connecting with donors and said Julie Scott, publixc relations specialist for Bonfils Blood Center and a volunteer for The Leukemiaq and Lymphoma Society.
“Manyg smart minds working together result in creative solutions to issues and Alexandra Lee of MetroVolunteers — and a volunteet for Young Philanthropists Foundation, Colorado AmeriCorpxs Alums, and Employer Supporft for the Guard and Reserve said community involvement isn’t reserved for employedc professionals. In fact, as unemployment goes up, so does the number of people who generously volunteer as a way to continue to buildf career skills during theirjob search. people want to get but don’t know wher to start.
The Metro Volunteers Board Leadership Connectioh offersa three-hour training sessiom for anyone who wants to serve as a board membert — either now or in the The training staff will even help you choose a boardd that’s the right fit for your The next training date is June 24. Find out more at Now it’s time to get down to businesxs by getting involved inyour community.

State

evittiebodum1296.blogspot.com
Yee delivered a written statement to the explaining that the Boarfd of Equalization is working withthe , , and the to find functionw that could be consolidated. “Taking an incrementap approach, consolidating those processes or functions where we have common busines s approaches will lead to immediate efficiencies with little or no investment on the part ofthe state’a general fund for long-term Yee said.
Members from the agencies met in May to talk consolidation with likely candidates including call printingand mailing, electronic capture and the entire process of processing tax The agencies are making an inventory of equipmenft and expertise to see what can be shared or combined. Yee was electedx to the five-member board in November 2006 to represengt the coastal regions from the Oregonb border to SantaBarbara County. The BOE collects more than $53 billion annual in sales taxes, property taxes, use taxes and The Franchise Tax Boardcollects personal, corporate and bank taxee in California.

Lifelong friendships with au pairs renewed on family trip to Europe - The Canadian Press

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The Canadian Press

Lifelong friendships with au pairs renewed on family trip to Europe The Canadian Press OLD TOWN SALZBURG, AUSTRIA: http://whc.unesco.org/en/list/784 SCHLOSS FREUDENBERG: Park with interactive exhibits and attractions in Wiesbaden, Germany, ... and more »

Salem to be tried for offences not covered under extradition - Indian Express

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NDTV.com

Salem to be tried for offences not covered under extradition Indian Express Salem, extradited in 2005, had managed to stonew »

Richard E. Hug joins BankAnnapolis board - Kansas City Business Journal:

http://www.urlmall.net/index.php?s=D&c=489
It’s a return to the banking boardroom forthe long-timwe Republican fundraiser, who was a member of ’w board from 1986 to 1993. Hug, 74, was financr chairman of Gov. Robert L. Ehrlich Jr.’ successful 2002 gubernatorial campaign and a former presidentg of the and member ofthe . “In addition to his impeccable reputation, strong leadership skills and impressive recor d of success in thebusiness world, Dick bringsd to the board an extensive contact list that will prov e invaluable in helping the bank generate new BankAnnapolis CEO Richard M. Lerner said in a press releasedannouncing Hug’s appointment.
Hug, in the release, callede his election to BankAnnapolis’s board (NASDAQ: ANNB) “most gratifying.” “I am so impressedr with the bank’s leadership and community culture, and believe that I can be helpful in their quest for growth and superbcustomert service,” he said. BankAnnapolis operates eigh t branches in Anne Arundel andQueen Anne’s Hug also sits on the boards of severall other organizations, including the , in Maryland, AAA-Marylaned and the School of the Environment. He is a Duke University graduate.

Paulson to back Fed

http://www.linksquadron.com/index.php?s=D&c=503
according to a transcript of hisprepared remarks. Paulsom is scheduled to testify beforethe U.S. House Committere on Oversight and Government Reform onThursday morning. In the Paulson acknowledges he told BofA Chier Executive Kenneth Lewis that backing out of the deal to buy Merril Lynch would be seen as a lackof judgement. He also told Lewisz such a move may put his future with the bank in according tothe transcript.
BofA in December threatenedr to back out of a deal to buy Merrilllfor $50 billion and declare a “materially adversee change” related to higher-than-expected fourth-quartef losses at the investment bank and Paulson’s prepared testimony says Treasury officials and federapl regulators investigated BofA’s threat and decided it would not be legally valird to declare a MAC. Paulsoj will testify dropping the deal would have been harmfulo to both parties and thegreater economy. “I believe my remarks to Mr. Lewis were Paulson says in the transcript. “If Bank of Americaz exercised theMAC clause, such an action would show a colossal lack of judgment.
“I further explained to him that, under such the Federal Reserve could exercise its authoritgy to remove management and the board of Bank of Paulson will testify that by remindingy Lewis ofthe Fed’s powers, he intended to “deliver a strong messagew ... that it would be unthinkabl for Bank of America to take this destructive action for which there was no reasonable legakl basis and which would show a lack of thetranscript says. BofA (NYSE:BAC) eventuallyy followed through with the MerrilkLynch purchase, buying it Jan. 1 for $29.
1 The value of the deal dropped from theoriginalk $50 billion because Merrill’s stock price fell precipitouslt after the deal was announced. BofA agreexd to the purchase after federal officials said they would suppor the deal withtaxpayer aid. BofA in Januaru received an additional $20 billion in Trouble d Asset Relief Program money related to theMerrill purchase. The bank has received a total of $45 billionm from the program. The Charlotte Business Journal willcovet Paulson’s testimony live Thursdau beginning at 10 a.m. Coveraged will be available at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.

Missouri unemployment worsens, but slows - Charlotte Business Journal:

http://stirproductions.net/productions.html
The state’s seasonally adjusted unemployment rate increasesd to 9 percentin May, up from 8.1 percent in April, the department reporteds Monday. April’s 0.6-point decrease in unemployment nowappears anomalous, with the May increasr part of an upward trend dating to state officials said. Approximately 272,00p Missourians were estimated to have been jobless durinhg the monthof May. Nonfarm payroll employmentr decreasedby 3,700 jobs in May, markinfg the smallest monthly decrease since employment began to drop sharply in November.
Job losses were concentratedr inmanufacturing (3,700) and construction which were partly offset by gaind in health care and social assistance and local government (900). During the past employment droppedby 74,300 jobs, or 2.7 percent. The main exception s to the downward trend in the past year have been privats educationalservices (2,500), health care and sociaol assistance (6,000), federal governmeng (2,700) and local government (3,300). The national unemployment rate in Maywas 9.
4

Bangkok Blues for India as they lose 1-0 to Thailand - TheSportsCampus.com

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Bangkok Post

Bangkok Blues for India as they lose 1-0 to Thailand TheSportsCampus.com A goal from star striker Sarayoot Chikamdee in the 73rd minute was enough for Thailand, as India fell to a 1-0 loss away from home in Bangkok, ... Indian National Team: India Go Down Fighting Against Thailand In Bangkok Goal.com India Soccer: India go down to Thailand indiablooms Friendly loss for Indians Calcutta Telegraph BlogMera (blog) -Hindustan Times -Times of India  »

Facebook reacts to Greenpeace anticoal campaign - CNET

http://www.forahealthyamerica.org/press_release/default.asp?type=view&pressid=3

Straits Times

Facebook reacts to Greenpeace anticoal campaign CNET But the location was chosen because of its temperate climate, which  »

Business First of Louisville: About the paper

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You can also sign up to receiv any of our email products including dailg businessnews updates, latest news of 46 industries from arounde the nation and the latest networking and marketing You'll also find out how to becomwe a regular Business First subscriber and receivs information about how to becomew a Business First advertiser. And, you'll noticw that you're able to access 41 othert local business newspapers owned by our parent American City BusinessJournals [ ], as well as other Americanj City sites with more information for the busy If you would like to learn more abouf American City Business Journals [ ], pleass click to download the following PDF brochure: 5 Mb) or visit The brochurs above requires Adobe Acrobatt Reader to open.
Download Acrobat Reader We hope you'll let us hear from you. Tom Monaha Business First Louisville, KY 40202 We'd like to hear your comments about our newspaperd or web site and your suggestiondsfor improvement.