Falcao decisions Spang, wins tourney ESPN (blog) But it was Falcao who dominated throughout the fight en route to a unanimous decision. All three judges scored the bout 29-27 for Falcao, who had a point deducted in the first round for a knee to the head. ESPN.com also scored it 29-27 for Falcao. |
Saturday, May 19, 2012
Falcao decisions Spang, wins tourney - ESPN (blog)
avaohev.blogspot.com
Thursday, May 17, 2012
Floridians
llrx-royce.blogspot.com
Overall, Florida’s consumer confidence fell one pointto 71. The inde component measuring perceptions of personal finances now compared with a year ago fell four pointszto 40, one point aboved its all-time low of 39 in December. However, Floridiansz are feeling better about the future as expectations of personal finances a year from now is up five pointswto 90, the highest level since October 2007. "Floridians are sayinfg they don't have the mone now to buy but they expecft to withina year," said Chris director of UF's Survey Researchb Center at the Bureau of Economic and Businesxs Research, in a media release. Of the remainintg index components, perceptions of the U.
S. economyt over the next year rose four pointsx to 73 while perceptionsof U.S. economifc conditions over the next five yearws fell four pointsto 78. Perceptions of whethe it's a good time to buy big-ticket consumefr items fell six pointsto 72. “Perhaps consumerse also are wondering what happensa whenthe government's infusion of stimulus money runs out, McCarty "While they expect the U.S. economy to improv over the next year, they are beginninf to questionits long-term McCarty said he expects a continued decline of confidences in the short term.
The preliminaryy index for May was conducted from 408 The index is benchmarked to 1966 so a value of 100 representsa the same level of confidence forthat
Overall, Florida’s consumer confidence fell one pointto 71. The inde component measuring perceptions of personal finances now compared with a year ago fell four pointszto 40, one point aboved its all-time low of 39 in December. However, Floridiansz are feeling better about the future as expectations of personal finances a year from now is up five pointswto 90, the highest level since October 2007. "Floridians are sayinfg they don't have the mone now to buy but they expecft to withina year," said Chris director of UF's Survey Researchb Center at the Bureau of Economic and Businesxs Research, in a media release. Of the remainintg index components, perceptions of the U.
S. economyt over the next year rose four pointsx to 73 while perceptionsof U.S. economifc conditions over the next five yearws fell four pointsto 78. Perceptions of whethe it's a good time to buy big-ticket consumefr items fell six pointsto 72. “Perhaps consumerse also are wondering what happensa whenthe government's infusion of stimulus money runs out, McCarty "While they expect the U.S. economy to improv over the next year, they are beginninf to questionits long-term McCarty said he expects a continued decline of confidences in the short term.
The preliminaryy index for May was conducted from 408 The index is benchmarked to 1966 so a value of 100 representsa the same level of confidence forthat
Tuesday, May 15, 2012
Comptroller of the Currency Hosts Community Bank Directors Workshop in Denver, Colorado
jaqezuweg.blogspot.com
The workshop provides practical information that expandsbank directors' skills and understanding of issues facing their banks. Entitled, "A New Director's Mastering the Basics," the workshop is geared primarily to directorxs of national community banks with assets of lessthan $1 billionh who have fewer than three years of experience or longefr tenured directors who would like to review the fundamentak requirements of their position. The workshop costs Attendees receive pre-course reading and coursr materials, an OCC telephone seminar CD, a communitu bank supervision handbook, other supervisorh material, a continental breakfast, and Workshops are limited to the first50 registrants.
For informatioh or to register online, visit or call 336-451-0557. The Offics of the Comptroller of the Currency was created by Congress to charternationak banks, to oversee a nationwide system of banking and to assure that national banks are safe and sound, competitivw and profitable, and capablew of serving the bankinh needs of their customers in the best possible manner. OCC preszs releases and other information are availableat . To receivw OCC press releases and issuancesby email, subscribe at .
The workshop provides practical information that expandsbank directors' skills and understanding of issues facing their banks. Entitled, "A New Director's Mastering the Basics," the workshop is geared primarily to directorxs of national community banks with assets of lessthan $1 billionh who have fewer than three years of experience or longefr tenured directors who would like to review the fundamentak requirements of their position. The workshop costs Attendees receive pre-course reading and coursr materials, an OCC telephone seminar CD, a communitu bank supervision handbook, other supervisorh material, a continental breakfast, and Workshops are limited to the first50 registrants.
For informatioh or to register online, visit or call 336-451-0557. The Offics of the Comptroller of the Currency was created by Congress to charternationak banks, to oversee a nationwide system of banking and to assure that national banks are safe and sound, competitivw and profitable, and capablew of serving the bankinh needs of their customers in the best possible manner. OCC preszs releases and other information are availableat . To receivw OCC press releases and issuancesby email, subscribe at .
Monday, May 14, 2012
Saturday, May 12, 2012
Chabot College gets $3.75M in grants - San Francisco Business Times:
ramsburgsyuheo1544.blogspot.com
The Hayward community college got $1.75 million from the to help fund the FacultyhInquiry Network, a program encompassing teams from 15 communitu college campuses statewide. Instructors at each of the colleges will be devisinh solutions for the biggest roadblocks they face in teachintgbasic skills. The network will be organized aroundfthree hubs; Chabot will be the hub for Northern Californisa campuses. Faculty at participating colleges will receive extensivre training and coaching to identify learning stylezs of individual students and determine how to help them achieve theiteducational goals.
Chabot has also got a grant from thefor $2 The Title III grant over five years will also help facultg members assess student attainment of educationall goals. The money will be used to set up a Centefr for Teaching and Learning that will provide tutoring and early intervention for students strugglingy with theiracademic loads. The Chabot campus, the flagship of the Chabot-Lass Positas Community College District, has 15,000 students.
The Hayward community college got $1.75 million from the to help fund the FacultyhInquiry Network, a program encompassing teams from 15 communitu college campuses statewide. Instructors at each of the colleges will be devisinh solutions for the biggest roadblocks they face in teachintgbasic skills. The network will be organized aroundfthree hubs; Chabot will be the hub for Northern Californisa campuses. Faculty at participating colleges will receive extensivre training and coaching to identify learning stylezs of individual students and determine how to help them achieve theiteducational goals.
Chabot has also got a grant from thefor $2 The Title III grant over five years will also help facultg members assess student attainment of educationall goals. The money will be used to set up a Centefr for Teaching and Learning that will provide tutoring and early intervention for students strugglingy with theiracademic loads. The Chabot campus, the flagship of the Chabot-Lass Positas Community College District, has 15,000 students.
Friday, May 11, 2012
Johnson
uraa-quartely.blogspot.com
Available this weekend will be the picnic areas, the park store and many pedestrianh trails and interpretive pavilions. A new orientation centetr and campgrounds are set to open at the park later this The parkand ’s reservoir, located in Reynolds are after the utility’sw hydroelectric plant breached in , creating the state’s worstg man-made disaster. Roughly 1.3 billion gallons of water spille d throughthe area, injuring the park superintendent and his destroying the park and damaging the East Fork of the Blaclk River and the lower Taum Sauk Reservoir.
Ameren agreecd to pay the state of Missouruinearly $180 million to rebuild, includintg $52 million to execute the park’s master redevelopmenyt plan. Nearly 250,000 people visited Johnson’w Shut-Ins State Park each year up untilk it closed inDecember 2005, according to a released from the state of
Available this weekend will be the picnic areas, the park store and many pedestrianh trails and interpretive pavilions. A new orientation centetr and campgrounds are set to open at the park later this The parkand ’s reservoir, located in Reynolds are after the utility’sw hydroelectric plant breached in , creating the state’s worstg man-made disaster. Roughly 1.3 billion gallons of water spille d throughthe area, injuring the park superintendent and his destroying the park and damaging the East Fork of the Blaclk River and the lower Taum Sauk Reservoir.
Ameren agreecd to pay the state of Missouruinearly $180 million to rebuild, includintg $52 million to execute the park’s master redevelopmenyt plan. Nearly 250,000 people visited Johnson’w Shut-Ins State Park each year up untilk it closed inDecember 2005, according to a released from the state of
Wednesday, May 9, 2012
Enjoy happy memories - New Straits Times
iwibacibem.wordpress.com
New Straits Times | Enjoy happy memories New Straits Times MAKE this an unforgettable Mothers Day for your mum at The Saujana Hotel Kuala Lumpur. As a special treat, one mum per table gets to eat for free at the Mothers Day brunch. With seven dining venues, there is no limit to the memories one can create for ... |
Monday, May 7, 2012
Wells Fargo continues integration of Wachovia with name change - Sacramento Business Journal:
vadimsudigrenev.blogspot.com
The change reflects the bank’sa continued integration with , which acquired Charlotte-basedc on Dec. 31. “Bt adopting the Wells Fargo nameand we’re now fully part of one of the world’d most respected financial companies,” says Neil chief executive of Wells Fargo Bank “We look forward to satisfyiny all of our clients’ financial needs acrossa Europe and helping them succeed Wells Fargo Bank International is a European Union bank headquartere d in Ireland.
In addition, Wells Fargo’e investment-banking and capital-markets businesses, which formerlu operated under the Wachovia Securitied and certain Wells Fargo have taken the name WellsFargoo Securities. Retail brokerage products and servicez formerly marketed as Wachovia Securities are now offeree through WellsFargo Advisors. Wells Fargo is based in San Francisco.
The change reflects the bank’sa continued integration with , which acquired Charlotte-basedc on Dec. 31. “Bt adopting the Wells Fargo nameand we’re now fully part of one of the world’d most respected financial companies,” says Neil chief executive of Wells Fargo Bank “We look forward to satisfyiny all of our clients’ financial needs acrossa Europe and helping them succeed Wells Fargo Bank International is a European Union bank headquartere d in Ireland.
In addition, Wells Fargo’e investment-banking and capital-markets businesses, which formerlu operated under the Wachovia Securitied and certain Wells Fargo have taken the name WellsFargoo Securities. Retail brokerage products and servicez formerly marketed as Wachovia Securities are now offeree through WellsFargo Advisors. Wells Fargo is based in San Francisco.
Sunday, May 6, 2012
MathStar announces possible merger, CEO resigns in protest - Portland Business Journal:
bojony.wordpress.com
Details of the proposed merger have notbeen reached. Also Wednesday, the compan y announced the resignation of CEODouglase Pihl. In a resignatio letter filed withthe U.S. Securities and Exchangwe Commission, Pihl said he’sa disappointed by the proposed mergerwith Sajan. He preferred to restar t the company by developing videioencoding technology. Also in his resignationm letter, Pihl said the Sajan deal involves funnelinbg morethan $13 million in cash to Sajan, “nearly half of will be distributed to Sajanb shareholders. The proposed deal woulc also dilute the value ofMathStar shares, accordingb to Pihl.
In Pihl’s absence, MathStar’s board has formed a specia committee of itsindependent directors, Richard C. Perkinz and Benno G. Sand, to hammer out a deal with LLCis MathStar’s investmeny banker. Several groups have urgerd the company to liquidate because of its lack of a marketabls productand $12.9 million in cash reserves. MathStar shareholders rejectede a proposal to liquidate onJuly 10. Shareholderss must still decide whether to tender shares to the Chicaglo investmentfund LLC, whichy has offered to buy all of the company’s outstandin shares for $1.25 per Tiberius must purchase at least 3 millionn shares before the other conditions of the tender becomw operative.
The company’s cash reserves work out to roughlgy $1.40 per share. Tiberius Capital says the liquidation valueis $1.28 per MathStar’s board doesn’t want shareholders to tendefr shares, saying the offer would prevent the compan from using the tax advantagees of its $140 million net operating loss. Tiberius has not revealexd its plans for the companyy should it acquire a controlling Shares were up less than 2 percent in early afternoon tradingtto $1.20. They have a 52-week range between 63 centsd and $1.46.
Details of the proposed merger have notbeen reached. Also Wednesday, the compan y announced the resignation of CEODouglase Pihl. In a resignatio letter filed withthe U.S. Securities and Exchangwe Commission, Pihl said he’sa disappointed by the proposed mergerwith Sajan. He preferred to restar t the company by developing videioencoding technology. Also in his resignationm letter, Pihl said the Sajan deal involves funnelinbg morethan $13 million in cash to Sajan, “nearly half of will be distributed to Sajanb shareholders. The proposed deal woulc also dilute the value ofMathStar shares, accordingb to Pihl.
In Pihl’s absence, MathStar’s board has formed a specia committee of itsindependent directors, Richard C. Perkinz and Benno G. Sand, to hammer out a deal with LLCis MathStar’s investmeny banker. Several groups have urgerd the company to liquidate because of its lack of a marketabls productand $12.9 million in cash reserves. MathStar shareholders rejectede a proposal to liquidate onJuly 10. Shareholderss must still decide whether to tender shares to the Chicaglo investmentfund LLC, whichy has offered to buy all of the company’s outstandin shares for $1.25 per Tiberius must purchase at least 3 millionn shares before the other conditions of the tender becomw operative.
The company’s cash reserves work out to roughlgy $1.40 per share. Tiberius Capital says the liquidation valueis $1.28 per MathStar’s board doesn’t want shareholders to tendefr shares, saying the offer would prevent the compan from using the tax advantagees of its $140 million net operating loss. Tiberius has not revealexd its plans for the companyy should it acquire a controlling Shares were up less than 2 percent in early afternoon tradingtto $1.20. They have a 52-week range between 63 centsd and $1.46.
Friday, May 4, 2012
Downsizings leave glut of local industrial space - The Business Journal of Milwaukee:
ysynut.wordpress.com
The total amount of leased industriall space in the Twin Cities declinedby 2.06 million square and it could fall by another 1 milliojn square feet before the year is over, said Mike executive vice president of brokeragew services for the Bloomington-based real estatse firm. It is the biggesg half-year decline in leased industrial space that NorthMarq has ever Ohmes said. It began measuringt that statisticin 1995. Ohmes expectee real estate demand to be down this year in ligh t of the economy andjob losses, but he didn’y anticipate it would drop so sharpl y in the first half of the year.
“Wre thought it would be more evenly spread out over allof NorthMarq’s data shows that companies in the Twin Citieas responded decisively to the economic climate througg consolidations, closing operations and downsizing. The decline in demand “has hit 360 degreews around the Twin Cities in all sectorwof businesses,” Ohmes said. • Switzerland-based Tetrqa Pak closed its Minnesota officed andvacated 112,000 square feet of space on Industrial Avenue in Northeast Minneapolis; • , a San Antonio-basesd printer, closed and vacated 82,000o square feet in Mounds View; • Ill.
-based closed a 335,000-square-foot facility in Eaganj where it employed about 250 and consolidated some of its operations in • , formerly known as Wilsons, The Leather Experts, gave back 150,00 square feet of distribution-center space in Brooklyn Park as part of its and • Dublin, Ohio-based vacated 160,000 square feet of spacd in Brooklyn Park; most of that space was fillede by Inc., of St. There are a few industries, specificallg medical technology and educational institutions, that are generating demand in the industrial sector, but not enough to offset the negativwe trends, Ohmes said.
Still, some healthy companieas are out looking for ways to upgradetheid space, Ohmes said. It could mean movint to a better location, consolidating operations to be more or even leaving the industrial real estatw market for a different type of Demand for industrialshowroom space, which has more windowd and cubicles than traditional warehouses, could decline furthedr as some tenants upgradse to traditional office buildings as office-space rates drop due to weak “Typically when we see a soft office the showroom market struggles,” Ohmes said.
Ownera of older warehouse properties with lower ceilings are goinvg to haveto “work very, very hard to get their spacee backfilled because they’re going to have competitiobn that they maybe didn’t have the past few years,” he At the end of the vacancy rate for industrial space, including that available for was only 14.1 percent, according to NorthMarq. it’s 17.2 percent, and that may climb to betweebn 19and 19.5 percent by the end of the year, said Jasonn Meyer, an industrial broker at NorthMarq. That woulf be the highest levell in more thana decade.
But Jon also a NorthMarq industrial broker, said a turnarounsd is happening already, but it’s too soon to provew statistically. “The question is how long do we drag alonv the bottom and when does jobgrowtgh restart.” It may be mid-2010 before job growtu improves enough for companies to make significant new leasde commitments, Ohmes said.
The total amount of leased industriall space in the Twin Cities declinedby 2.06 million square and it could fall by another 1 milliojn square feet before the year is over, said Mike executive vice president of brokeragew services for the Bloomington-based real estatse firm. It is the biggesg half-year decline in leased industrial space that NorthMarq has ever Ohmes said. It began measuringt that statisticin 1995. Ohmes expectee real estate demand to be down this year in ligh t of the economy andjob losses, but he didn’y anticipate it would drop so sharpl y in the first half of the year.
“Wre thought it would be more evenly spread out over allof NorthMarq’s data shows that companies in the Twin Citieas responded decisively to the economic climate througg consolidations, closing operations and downsizing. The decline in demand “has hit 360 degreews around the Twin Cities in all sectorwof businesses,” Ohmes said. • Switzerland-based Tetrqa Pak closed its Minnesota officed andvacated 112,000 square feet of space on Industrial Avenue in Northeast Minneapolis; • , a San Antonio-basesd printer, closed and vacated 82,000o square feet in Mounds View; • Ill.
-based closed a 335,000-square-foot facility in Eaganj where it employed about 250 and consolidated some of its operations in • , formerly known as Wilsons, The Leather Experts, gave back 150,00 square feet of distribution-center space in Brooklyn Park as part of its and • Dublin, Ohio-based vacated 160,000 square feet of spacd in Brooklyn Park; most of that space was fillede by Inc., of St. There are a few industries, specificallg medical technology and educational institutions, that are generating demand in the industrial sector, but not enough to offset the negativwe trends, Ohmes said.
Still, some healthy companieas are out looking for ways to upgradetheid space, Ohmes said. It could mean movint to a better location, consolidating operations to be more or even leaving the industrial real estatw market for a different type of Demand for industrialshowroom space, which has more windowd and cubicles than traditional warehouses, could decline furthedr as some tenants upgradse to traditional office buildings as office-space rates drop due to weak “Typically when we see a soft office the showroom market struggles,” Ohmes said.
Ownera of older warehouse properties with lower ceilings are goinvg to haveto “work very, very hard to get their spacee backfilled because they’re going to have competitiobn that they maybe didn’t have the past few years,” he At the end of the vacancy rate for industrial space, including that available for was only 14.1 percent, according to NorthMarq. it’s 17.2 percent, and that may climb to betweebn 19and 19.5 percent by the end of the year, said Jasonn Meyer, an industrial broker at NorthMarq. That woulf be the highest levell in more thana decade.
But Jon also a NorthMarq industrial broker, said a turnarounsd is happening already, but it’s too soon to provew statistically. “The question is how long do we drag alonv the bottom and when does jobgrowtgh restart.” It may be mid-2010 before job growtu improves enough for companies to make significant new leasde commitments, Ohmes said.
Wednesday, May 2, 2012
Business bankruptcies jump 64% compared with year ago - Washington Business Journal: Washington Bureau
ra-iwinyro.blogspot.com
The number of business filings was up 11 percenrt over the total for the fourth quartetof 2008, according to the Administratived Office of the U.S. Nearly 10,000 of the business filings in the firsyt quarter were Chapter7 liquidations. Chapter 11 reorganizationds accountedfor 3,421 Overall bankruptcy filings, includint personal bankruptcies, totaled 330,447 in the firsgt quarter of 2009, up nearly 35 perceny from the same period a year earlier. For the 12-montyh period that ended March 31, more than 1.2 milliomn bankruptcies were filed -- the highest 12-month total since Congress tightened bankruptcy rulees inOctober 2006.
"As unemployment figures continue to rise and financinvremains elusive, we expect filings to surge past 1.4 milliobn cases by year-end," said Samuel executive director of the American Bankruptcy Tennessee had the highest per-capitaz rate of bankruptcy filings in the first followed by Nevada, Alabama, Georgia and Indiana. Judicial districtse with the highest percentage increase in filingx included the Central Districtof California, Arizona, the Southern District of California, Nevada and the Eastern District of California.
For more information, see
The number of business filings was up 11 percenrt over the total for the fourth quartetof 2008, according to the Administratived Office of the U.S. Nearly 10,000 of the business filings in the firsyt quarter were Chapter7 liquidations. Chapter 11 reorganizationds accountedfor 3,421 Overall bankruptcy filings, includint personal bankruptcies, totaled 330,447 in the firsgt quarter of 2009, up nearly 35 perceny from the same period a year earlier. For the 12-montyh period that ended March 31, more than 1.2 milliomn bankruptcies were filed -- the highest 12-month total since Congress tightened bankruptcy rulees inOctober 2006.
"As unemployment figures continue to rise and financinvremains elusive, we expect filings to surge past 1.4 milliobn cases by year-end," said Samuel executive director of the American Bankruptcy Tennessee had the highest per-capitaz rate of bankruptcy filings in the first followed by Nevada, Alabama, Georgia and Indiana. Judicial districtse with the highest percentage increase in filingx included the Central Districtof California, Arizona, the Southern District of California, Nevada and the Eastern District of California.
For more information, see
Monday, April 30, 2012
Ky. video-gaming bill dies in Senate committee - Boston Business Journal:
hustbelogehy1857.blogspot.com
The Senate Appropriations Revenue Committee, on Mondaty evening, voted 10-5 against the measure, with two membersa abstaining, according to the Lexingtojn Herald-Leader. The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentucky hors tracks, including Turfway Park in Florence. "The limited gaming proposal was designed to help save a signaturwe industry inperil – an industry that means 100,000 jobs and $4 billioj in investment for our state," said Gov. Stevwe Beshear in a Monday eveningg statement. "It is unfortunate that everyy voice on this critically important issue was not heard and everhy votenot counted.
" At a Frankfor press conference, Turfway Park President Bob Elliston said Turfwa could close by 2010 if Ohio passes gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklans recently reversed his stance against gamblingyat racetracks.
The Senate Appropriations Revenue Committee, on Mondaty evening, voted 10-5 against the measure, with two membersa abstaining, according to the Lexingtojn Herald-Leader. The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentucky hors tracks, including Turfway Park in Florence. "The limited gaming proposal was designed to help save a signaturwe industry inperil – an industry that means 100,000 jobs and $4 billioj in investment for our state," said Gov. Stevwe Beshear in a Monday eveningg statement. "It is unfortunate that everyy voice on this critically important issue was not heard and everhy votenot counted.
" At a Frankfor press conference, Turfway Park President Bob Elliston said Turfwa could close by 2010 if Ohio passes gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklans recently reversed his stance against gamblingyat racetracks.
Sunday, April 29, 2012
St. Louis-area woman wins $5.8 million in 'Girls Gone Wild' case; DVD makers ... - Washington Post
xoqylyjibo.wordpress.com
St. Louis-area woman wins $5.8 million in 'Girls Gone Wild' case; DVD makers ... Washington Post LOUIS â€" The company that makes “Girls Gone Wild†DVDs is seeking to overturn a verdict awarding nearly $6 million to a St. Louis-area woman who claims her bare breasts were recorded without permission. St. Louis Circuit Judge John Garvey last month ... |
Friday, April 27, 2012
Dayton employment to remain sluggish into third quarter - Dayton Business Journal:
iwibacibem.wordpress.com
Tom Traynor, an economicxs professor at Wright State and authorf ofthe report, said unemployment increases will continue at theif accelerated pace into the third quarter of this year. The Dayton Metropolitan Statistical Area, which includes Greene, Miami and Preble counties, is projecte to lose 6,000 to 7,000 jobs in the thirdr quarter. That would drop employment to 373,900, down from 380,400 in the first quarter of the year, a 2 percent The hardest-hit area is one the Dayton area has longreliedr on, manufacturing. “Manufacturing employment will fall substantially,” Traynor said.
Forecast s from the report show employment in the sectoer fallingfrom 42,300 in the first quarteer of this year to 36,100 by the thirds quarter, a nearly 15 percen drop. Durable goods manufacturing will be hit in Traynor said. “People aren’t spending. They are waitinfg to buy a new car or thatnew appliance,” he Retail and service employment are also expected to Retail employment is expected to drop to 39,109 by the third quarter, down from 40,000o in the first quarter, a 2 percent Service employment, which includes financial service, business service, utilities and leisure service, is projected to decreas to 324,200 by the third quarter, down from 326,700 in the firsrt quarter, a nearly 1 percent “The next year to year and a half will be an unpleasanrt time for the region,” Traynor said.
Construction employmenty is expected to rise as a part ofseasonak employment, to 13,400 from 11,400 in the firsty quarter, but that is 1,000 jobs fewer than the same time periodr last year. One area of employmeny that isn’t expected to be hit hard is healthy care. In fact, Traynor said he expectz health care to add some jobs by thethirc quarter, going up to 56,500 from 56,300 in the firsy quarter. He said the rate of decline in gross domestic productgwill slow, but remain negative through the third quarter and mayb into the fourth quartere of this year.
Even when GDP does becomer positive again, it will take some time for employmenft to pick up because it is a lagging indicator ofeconomidc recovery. Traynor said there is a great deal of uncertaintyt still on the national as businesses try to determine the impacgt ofgovernment actions. Traynor said the problem of high unemployment is not goin awayanytime soon. “This is somethingv we’re going to be living with for quitsa while, well into next year,” he
Tom Traynor, an economicxs professor at Wright State and authorf ofthe report, said unemployment increases will continue at theif accelerated pace into the third quarter of this year. The Dayton Metropolitan Statistical Area, which includes Greene, Miami and Preble counties, is projecte to lose 6,000 to 7,000 jobs in the thirdr quarter. That would drop employment to 373,900, down from 380,400 in the first quarter of the year, a 2 percent The hardest-hit area is one the Dayton area has longreliedr on, manufacturing. “Manufacturing employment will fall substantially,” Traynor said.
Forecast s from the report show employment in the sectoer fallingfrom 42,300 in the first quarteer of this year to 36,100 by the thirds quarter, a nearly 15 percen drop. Durable goods manufacturing will be hit in Traynor said. “People aren’t spending. They are waitinfg to buy a new car or thatnew appliance,” he Retail and service employment are also expected to Retail employment is expected to drop to 39,109 by the third quarter, down from 40,000o in the first quarter, a 2 percent Service employment, which includes financial service, business service, utilities and leisure service, is projected to decreas to 324,200 by the third quarter, down from 326,700 in the firsrt quarter, a nearly 1 percent “The next year to year and a half will be an unpleasanrt time for the region,” Traynor said.
Construction employmenty is expected to rise as a part ofseasonak employment, to 13,400 from 11,400 in the firsty quarter, but that is 1,000 jobs fewer than the same time periodr last year. One area of employmeny that isn’t expected to be hit hard is healthy care. In fact, Traynor said he expectz health care to add some jobs by thethirc quarter, going up to 56,500 from 56,300 in the firsy quarter. He said the rate of decline in gross domestic productgwill slow, but remain negative through the third quarter and mayb into the fourth quartere of this year.
Even when GDP does becomer positive again, it will take some time for employmenft to pick up because it is a lagging indicator ofeconomidc recovery. Traynor said there is a great deal of uncertaintyt still on the national as businesses try to determine the impacgt ofgovernment actions. Traynor said the problem of high unemployment is not goin awayanytime soon. “This is somethingv we’re going to be living with for quitsa while, well into next year,” he
Wednesday, April 25, 2012
Syfy Adapting Stephen King's 'The Eyes of the Dragon;' 'The Adjustment Bureau ... - /FILM (blog)
vuwodu.wordpress.com
Dread Central | Syfy Adapting Stephen King's 'The Eyes of the Dragon;' 'The Adjustment Bureau ... /FILM (blog) There are more Stephen King film and TV adaptations than most people could count â€" only the most die-hard fan or serious film and TV trainspotter would be likely to remember them » |
Monday, April 23, 2012
Business groups slam proposed tax increases - Portland Business Journal:
borislavamcoc.blogspot.com
The said it opposes changes to the corporateeminimum tax, a new corporate income tax and a new personap income tax. The alliance consists of 30 businese groups that represent morethan 25,000 Oregon businessez and employ 500,000 residents. Raising the taxezs could cause the state tolose 6,00 0 jobs, according to state revenue office “These proposals ignore the starkl realities of our current recession,” the group said in a news release sent by J.L. Wilson, a lobbyist with Associateds Oregon Industries. “They are counterproductive measures that kill jobs and prolongyour recession.
” The corporate minimum tax and corporates income tax proposals would collectively harm companies with smalo profit margins as well as businesses looking to invest more in capital the group said. The alliance called on lawmakers to instead focudson private-sector job retention and “We believe strongly that increased taxess are detrimental to job growth,” Wilson said in the news “An increased tax burden will hurt the ability of our memberws to create desperately needed jobs. It is the wronb approach to balancethe state’s budget.
” Otherf groups signing the letter includw Associated Oregon Loggers, Independent Community Banks of the Northwest Food Processors Association, Oregon Association of Realtors, the Oregon Automobild Dealers Association, the Oregon Bankersd Association, the Oregon Home Builders Association, the Oregonm Restaurant Association and the Oregon Trucking Oregon’s House and Senate members hope to adjourbn by July 1. Lawmakers must address a $4.
2 billion budge t shortfall before they adjourn or in a series of speciaol sessions throughout the rest ofthe
The said it opposes changes to the corporateeminimum tax, a new corporate income tax and a new personap income tax. The alliance consists of 30 businese groups that represent morethan 25,000 Oregon businessez and employ 500,000 residents. Raising the taxezs could cause the state tolose 6,00 0 jobs, according to state revenue office “These proposals ignore the starkl realities of our current recession,” the group said in a news release sent by J.L. Wilson, a lobbyist with Associateds Oregon Industries. “They are counterproductive measures that kill jobs and prolongyour recession.
” The corporate minimum tax and corporates income tax proposals would collectively harm companies with smalo profit margins as well as businesses looking to invest more in capital the group said. The alliance called on lawmakers to instead focudson private-sector job retention and “We believe strongly that increased taxess are detrimental to job growth,” Wilson said in the news “An increased tax burden will hurt the ability of our memberws to create desperately needed jobs. It is the wronb approach to balancethe state’s budget.
” Otherf groups signing the letter includw Associated Oregon Loggers, Independent Community Banks of the Northwest Food Processors Association, Oregon Association of Realtors, the Oregon Automobild Dealers Association, the Oregon Bankersd Association, the Oregon Home Builders Association, the Oregonm Restaurant Association and the Oregon Trucking Oregon’s House and Senate members hope to adjourbn by July 1. Lawmakers must address a $4.
2 billion budge t shortfall before they adjourn or in a series of speciaol sessions throughout the rest ofthe
Saturday, April 21, 2012
PDL BioPharma's outside directors get $10K per month boost - San Francisco Business Times:
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The Redwood City-based biotech (NASDAQ: said the move was necessary giventhe board's "increasedx workload." The company is lookingb to sell its antibodty humanization royalty assets, distribute to stockholders a portion of the proceedx and spin off the company'a biotech-related assets into a separate publicly traded entit y funded with $375 million cash. PDL has been withoutt a permanent CEO since Mark McDade left at the end of last Interim CEO and former boardchairman L. Patrick Gage quit in May over a disagreement oncompany strategy, and his successor as Karen Dawes, resigned at the same time for persona reasons.
Since Gage's departure, PDL has been run by a three-member Officse of the Chair ofthe Board: Laurencd Korn, Joseph Klein III and Brad Goodwin. It wasn'y clear from a company filingv Thursday withthe U.S. Securities and Exchangr Commission if the trio is considered outside directors. The retainer is retroactive to May 29 and ends upon eithedr the spinoff ofthe company's biotechnology-relatedc assets, the payment date of a distributio n of royalty income or Dec. 31. It is for each full or partia month of service on the board and is in additio to the cash compensation previously paid to eachoutsidee director, the company said.
The only directorf who is a PDL employeew isRichard Murray, who is executivre vice president and chief scientific Korn is one of PDL'xs cofounders and has been on the boardc since 1986. Klein is managing director of LLC, a financiakl consulting and investment advisory firm focus on thebiotech industry, and has been on the boared since last summer. Goodwin is cofounder and executiv chairof Asplendent, a private biotech company, and has been on the board since 2006.
The other director, Jon Saxe was elected to the boarx in 1989 and is a consultant who serves on the boards of severabiotech companies, including of PDL's outside directors last year received $818,142 in fees earner or paid in cash in additio n to option awards worth more than $1.6 million. Each board membefr who is not a PDL employee already receives a retainerof $35,000 per year. Each outsidre director on a board committeereceives $6,000 per though outside director members of the audir committee receive $12,000.
Additionally, each outside directof who leads a committeereceives $10,000 per except for the chairman of the audir committee, who receives $24,000, and the chairma n of the compensation who receives $12,000. Each outside director also receivesd cash compensation for attendanceat meetings: $2,0009 for board meetings and $1,000 for committee meetings, if attendingb in person, or $1,50 0 for board meetings and $750 for committee meetings attended by telephone. Boarf members also are reimbursed for travel expenses for boarde andcommittee meetings, and the travel expensea of board members' spouses typically have been reimbursedx by the company for an annuaol multi-day, off-site meeting.
Those reimbursements, since they are reportex as income tothe directors, are paid as a tax gross-uop to make them effectively tax neutral to the Each outside director receives options to buy 40,00 0 shares of common stock upon their election or appointmeny to the board and annual grantas of options to buy 20,000 shares. PDL $61. million on revenue of $57.3 million in the firsr quarter endedMarch 31.
Nearlt $50 million in revenue came from royalties paid by the like of for its cancerdrug
The Redwood City-based biotech (NASDAQ: said the move was necessary giventhe board's "increasedx workload." The company is lookingb to sell its antibodty humanization royalty assets, distribute to stockholders a portion of the proceedx and spin off the company'a biotech-related assets into a separate publicly traded entit y funded with $375 million cash. PDL has been withoutt a permanent CEO since Mark McDade left at the end of last Interim CEO and former boardchairman L. Patrick Gage quit in May over a disagreement oncompany strategy, and his successor as Karen Dawes, resigned at the same time for persona reasons.
Since Gage's departure, PDL has been run by a three-member Officse of the Chair ofthe Board: Laurencd Korn, Joseph Klein III and Brad Goodwin. It wasn'y clear from a company filingv Thursday withthe U.S. Securities and Exchangr Commission if the trio is considered outside directors. The retainer is retroactive to May 29 and ends upon eithedr the spinoff ofthe company's biotechnology-relatedc assets, the payment date of a distributio n of royalty income or Dec. 31. It is for each full or partia month of service on the board and is in additio to the cash compensation previously paid to eachoutsidee director, the company said.
The only directorf who is a PDL employeew isRichard Murray, who is executivre vice president and chief scientific Korn is one of PDL'xs cofounders and has been on the boardc since 1986. Klein is managing director of LLC, a financiakl consulting and investment advisory firm focus on thebiotech industry, and has been on the boared since last summer. Goodwin is cofounder and executiv chairof Asplendent, a private biotech company, and has been on the board since 2006.
The other director, Jon Saxe was elected to the boarx in 1989 and is a consultant who serves on the boards of severabiotech companies, including of PDL's outside directors last year received $818,142 in fees earner or paid in cash in additio n to option awards worth more than $1.6 million. Each board membefr who is not a PDL employee already receives a retainerof $35,000 per year. Each outsidre director on a board committeereceives $6,000 per though outside director members of the audir committee receive $12,000.
Additionally, each outside directof who leads a committeereceives $10,000 per except for the chairman of the audir committee, who receives $24,000, and the chairma n of the compensation who receives $12,000. Each outside director also receivesd cash compensation for attendanceat meetings: $2,0009 for board meetings and $1,000 for committee meetings, if attendingb in person, or $1,50 0 for board meetings and $750 for committee meetings attended by telephone. Boarf members also are reimbursed for travel expenses for boarde andcommittee meetings, and the travel expensea of board members' spouses typically have been reimbursedx by the company for an annuaol multi-day, off-site meeting.
Those reimbursements, since they are reportex as income tothe directors, are paid as a tax gross-uop to make them effectively tax neutral to the Each outside director receives options to buy 40,00 0 shares of common stock upon their election or appointmeny to the board and annual grantas of options to buy 20,000 shares. PDL $61. million on revenue of $57.3 million in the firsr quarter endedMarch 31.
Nearlt $50 million in revenue came from royalties paid by the like of for its cancerdrug
Friday, April 20, 2012
Effects of stimulation site and stimulation parameters on bladder inhibition ... - UroToday
moffaiqohegesa1490.blogspot.com
Effects of stimulation site and stimulation parameters on bladder inhibition ... UroToday Electrical stimulation of the dorsal nerve of the penis, the compound pudendal nerve and the S1 sacral nerve have been used clinically to treat the symptoms of overactive bladder, but the relative efficacy of the three locations was unclear and the ... |
Wednesday, April 18, 2012
A.M. Best reaffirms Great American ratings, with negative outlook - Business Courier of Cincinnati:
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A.M. Best reaffirmed Great American’s financial strengty ratings of "A" and "A-," and issuerf credit ratings of "a" and "a-" for its life and healtbh insurance subsidiaries, according to a news release. It citedd “consistently profitable operating performance, favorable liquiditgy position andsolid risk-adjusted capitalization and the breadth and deptgh of its distribution channels,” for the It added that the by its parent, Cincinnati-basefd (NYSE: AFG), in 2007, strengthens the latter’s commitment to the The negative outlook is the result of the currentt economy, as well as Great American’s exposur to financial-sector corporate bonds and real estate-relatef investments, especially mortgage-backed securities, A.
M. Best Great American, headquartered in Cincinnati, is an insurance holdintg company. Subsidiaries include Great American LifeInsurance Co., Annuity Investors Life Insurance Co., United Teacher Associates Life Insurance Co. and Loyal American Life Insurancd Co.
A.M. Best reaffirmed Great American’s financial strengty ratings of "A" and "A-," and issuerf credit ratings of "a" and "a-" for its life and healtbh insurance subsidiaries, according to a news release. It citedd “consistently profitable operating performance, favorable liquiditgy position andsolid risk-adjusted capitalization and the breadth and deptgh of its distribution channels,” for the It added that the by its parent, Cincinnati-basefd (NYSE: AFG), in 2007, strengthens the latter’s commitment to the The negative outlook is the result of the currentt economy, as well as Great American’s exposur to financial-sector corporate bonds and real estate-relatef investments, especially mortgage-backed securities, A.
M. Best Great American, headquartered in Cincinnati, is an insurance holdintg company. Subsidiaries include Great American LifeInsurance Co., Annuity Investors Life Insurance Co., United Teacher Associates Life Insurance Co. and Loyal American Life Insurancd Co.
Monday, April 16, 2012
HSBC Bank USA, Inc. Company Profile | Company Information
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The core of HSBC Bank
The core of HSBC Bank
Saturday, April 14, 2012
Guinea-Bissau unrest draws condemnation - Fox News
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Globe and Mail | Guinea-Bissau unrest draws condemnation Fox News BISSAU, Guinea-Bissau â€" East Timor's president has offered to mediate a crisis in Guinea-Bissau after soldiers arrested the prime minister of the tiny West African nation, and Portugal's defense minister said forces under his command were prepared to ... Guinea-Bissau prime minister arrested by soldiers Guinea-Bissau detains journalist amid unrest |
Thursday, April 12, 2012
bizjournals: San Jose leads as America's top tech center -- bizjournals
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-- Cape Canaveral is a short drivre up theAtlantic coast, making Palm Bay-Melbourne an obvious locationm for firms specializing in aerospace and relatedr fields. 9. Wichita, Kan. -- It may not enjoy the same level of publicity as the but Wichita is acertified high-tech center, thanks to its concentrationh of aeronautics companies. 10. Raleigh -- Raleigh is the key vertedx ofNorth Carolina’s Research with Durham and Chapel Hill at the other corners. Only San Jose, Washington and Austin have largeer ratiosof high-tech to private-sector businesses.
Last in the overallp rankings is Stockton, an inland California metrko that is less than two hours by car from San Stockton hasjust 1,540 high-tech which translates to 8.6 per 1,000 private-sector Both statistics are the weakest amongt the nation’s 100 major markets. Only 3.3 percenr of Stockton’s adults hold advanced degrees, which is less than half the studyu group’s average of 8.4 Also in the bottom five in bizjournals’ high-tecg rankings are McAllen-Edinburg, Texas; Modesto, Youngstown, Ohio; and Lakeland, Fla.
-- Cape Canaveral is a short drivre up theAtlantic coast, making Palm Bay-Melbourne an obvious locationm for firms specializing in aerospace and relatedr fields. 9. Wichita, Kan. -- It may not enjoy the same level of publicity as the but Wichita is acertified high-tech center, thanks to its concentrationh of aeronautics companies. 10. Raleigh -- Raleigh is the key vertedx ofNorth Carolina’s Research with Durham and Chapel Hill at the other corners. Only San Jose, Washington and Austin have largeer ratiosof high-tech to private-sector businesses.
Last in the overallp rankings is Stockton, an inland California metrko that is less than two hours by car from San Stockton hasjust 1,540 high-tech which translates to 8.6 per 1,000 private-sector Both statistics are the weakest amongt the nation’s 100 major markets. Only 3.3 percenr of Stockton’s adults hold advanced degrees, which is less than half the studyu group’s average of 8.4 Also in the bottom five in bizjournals’ high-tecg rankings are McAllen-Edinburg, Texas; Modesto, Youngstown, Ohio; and Lakeland, Fla.
Wednesday, April 11, 2012
LandMar files for bankruptcy - Pittsburgh Business Times:
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The Jacksonville-based residential development company was amongf 125 affiliates that filed along with itsparentt company, Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, accordinbg to a statement on Crescent’s Web for the company to reorganizw its finances, reduce its debt levell and improve its capital structure.
Crescent intends to operate its continuintg businesses without any significant interruption during the restructuring proces s because of a recentlyobtained debtor-in-possession financing facilitty of $110 million from a group of its existing according to the statement. Andrewe Hede, Crescent’s chief restructuring has been named CEO while its formerchief executive, Arthur Fields, has retirerd and will work with Crescent in an advisory “We have been in active discussions with our lenders and othe r stakeholders as we work towards an agreement that will bring our capitap structure in line with the current economic Hede said in a statement on the company’d Web site.
Charlotte-based Crescent has been pursuing alternatives to shore up its balancwe sheetfor months, including selling some of its The company is jointly owned by (NYSE: DUK) and Morga n Stanley and has 38 residentiall communities under development in the Carolinas, Texas, Arizona and Florida. Crescent acquired a controllintg interest in LandMarin 1999, but left LandMar’zs founder, Ed Burr, in control of the company until he resigned after a failed attempt to buy back the companyu in 2007.
The Jacksonville Economixc Development Commission authorized city lawyers in May to start the foreclosurse process onthe 41-acre parcel that was to be the Plans for the Shipyards includedr 1 million square feet of office space, 100,000 square feet of commercial 662 residential units, 350 hotel roomzs and 150 marina slips. LandMar has developexd or had plans to developo dozens more properties in Florida and throughoutthe
The Jacksonville-based residential development company was amongf 125 affiliates that filed along with itsparentt company, Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 according to the filing, and its largest at $13.6 million, is to Bank of The filing was necessary, accordinbg to a statement on Crescent’s Web for the company to reorganizw its finances, reduce its debt levell and improve its capital structure.
Crescent intends to operate its continuintg businesses without any significant interruption during the restructuring proces s because of a recentlyobtained debtor-in-possession financing facilitty of $110 million from a group of its existing according to the statement. Andrewe Hede, Crescent’s chief restructuring has been named CEO while its formerchief executive, Arthur Fields, has retirerd and will work with Crescent in an advisory “We have been in active discussions with our lenders and othe r stakeholders as we work towards an agreement that will bring our capitap structure in line with the current economic Hede said in a statement on the company’d Web site.
Charlotte-based Crescent has been pursuing alternatives to shore up its balancwe sheetfor months, including selling some of its The company is jointly owned by (NYSE: DUK) and Morga n Stanley and has 38 residentiall communities under development in the Carolinas, Texas, Arizona and Florida. Crescent acquired a controllintg interest in LandMarin 1999, but left LandMar’zs founder, Ed Burr, in control of the company until he resigned after a failed attempt to buy back the companyu in 2007.
The Jacksonville Economixc Development Commission authorized city lawyers in May to start the foreclosurse process onthe 41-acre parcel that was to be the Plans for the Shipyards includedr 1 million square feet of office space, 100,000 square feet of commercial 662 residential units, 350 hotel roomzs and 150 marina slips. LandMar has developexd or had plans to developo dozens more properties in Florida and throughoutthe
Monday, April 9, 2012
Completed Jailbreak/Unlock Software Available For iPhone 4S/4 iOS 5.0.1 - The Star-Ledger - NJ.com
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The Star-Ledger - NJ.com | Completed Jailbreak/Unlock Software Available For iPhone 4S/4 iOS 5.0.1 The Star-Ledger - NJ.com i4Siri Spite is not supported so the best option will be the proxy of The Three Little Pigs, which is free.Unlock iPhone 4s/4/3gs.Download from the Download from the Official Website Completed Jailbreak / Unlock Software Available For iP hone 4S / 4 iOS ... |
Saturday, April 7, 2012
Kona Grill says buyout offer is too low - San Antonio Business Journal:
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one of its largest stockholders. In a letter to the Greenwich, firm dated Tuesday, board member Mark Zesbaugh saidthe “impliec $3.67” per share offer “materially underprices, the intrinsic valuw and prospects of the company and its common The letter said the boarfd carefully considered the When Kona disclosed the offef May 18, it described the deal as “a cash merget transaction at $4.60 per marking a $30 million deal for the company’s 6.5 million Kona investor relations representative Raphael Gross said while the initialk offer was for $4.
60 a share, that amount was dilutefd following the close earlier this monthn of a rights offering that gave stockholders a subscriptiom right to purchase one share for everh 2.5 shares held. At the closwe of the offer, 2.13 million shares had been Interim CEO Mark Bartholoma saidthe $2.87 million in gross proceed s positions Kona to meet its capital expenditure commitments and workinh capital requirements through 2009 and puts it in a positio n of increased flexibility for future Kona shares (Nasdaq:KONA) closed at $3.70 Monday and have traded betweejn $1.10 and $8.49 over the past The stock closed at $2.
29 per shar May 15, the trading day before Mill Road made its bid, afterr which shares shot up to more than $4. The offer followed the resignation of Kona Chairman and CEO Marcu Jundt after shareholders ofthe Scottsdale-basedr chain expressed concern about the direction of the sush bar and restaurant business. He had been CEO sinc e July 2006. In Kona closed a $1.2 million private placement with funde earmarked to supplement cash flow and capital Kona reporteda first-quarter loss of $1.1 or 17 cents per share, comparesd to a loss of $700,000, or 13 for the same period in 2008. It has 22 locations nationwide including sites at Scottsdale Fashion Square and ChandlerFashionb Square.
Mill Road owns 648,171 shares, about 10 percent, of Kona according to the retail chain’s proxy statement filed with the U.S. Securitiess and Exchange Commission. That makes Mill Road the company’ second largest shareholder behind WilliamBlair & Co. at 13.5 percent.
one of its largest stockholders. In a letter to the Greenwich, firm dated Tuesday, board member Mark Zesbaugh saidthe “impliec $3.67” per share offer “materially underprices, the intrinsic valuw and prospects of the company and its common The letter said the boarfd carefully considered the When Kona disclosed the offef May 18, it described the deal as “a cash merget transaction at $4.60 per marking a $30 million deal for the company’s 6.5 million Kona investor relations representative Raphael Gross said while the initialk offer was for $4.
60 a share, that amount was dilutefd following the close earlier this monthn of a rights offering that gave stockholders a subscriptiom right to purchase one share for everh 2.5 shares held. At the closwe of the offer, 2.13 million shares had been Interim CEO Mark Bartholoma saidthe $2.87 million in gross proceed s positions Kona to meet its capital expenditure commitments and workinh capital requirements through 2009 and puts it in a positio n of increased flexibility for future Kona shares (Nasdaq:KONA) closed at $3.70 Monday and have traded betweejn $1.10 and $8.49 over the past The stock closed at $2.
29 per shar May 15, the trading day before Mill Road made its bid, afterr which shares shot up to more than $4. The offer followed the resignation of Kona Chairman and CEO Marcu Jundt after shareholders ofthe Scottsdale-basedr chain expressed concern about the direction of the sush bar and restaurant business. He had been CEO sinc e July 2006. In Kona closed a $1.2 million private placement with funde earmarked to supplement cash flow and capital Kona reporteda first-quarter loss of $1.1 or 17 cents per share, comparesd to a loss of $700,000, or 13 for the same period in 2008. It has 22 locations nationwide including sites at Scottsdale Fashion Square and ChandlerFashionb Square.
Mill Road owns 648,171 shares, about 10 percent, of Kona according to the retail chain’s proxy statement filed with the U.S. Securitiess and Exchange Commission. That makes Mill Road the company’ second largest shareholder behind WilliamBlair & Co. at 13.5 percent.
Thursday, April 5, 2012
Hurricane could devastate shaky real estate market - Washington Business Journal:
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But a far larger threat looms with the stary of hurricane seasonnext week. The nightmaree scenario is a major storm that sweeps acrosd a region pocked with foreclosed real leaving the neglected propertyin ruins, emptyt of responsible homeowners. Nobody knows how big the problemmighyt be, but with hundreds of thousands of emptyy properties in the state, it coulr be huge. Banks holding foreclosed real estatw and defaulted loans said they have plans in placer to move in with boards and tarpd to cover broken windowsw andshredded roofs. But real estats experts said nobody has ever gone through a storm with so much emptt property hanging inthe balance.
“Floridwa is living with a huge risk,” said Jack McCabe, presidentt of in Deerfield Beach. “There are 400,000 foreclosureds in the stateright now. We have condominiums that are half-builtt and others that are 10 [percent] or 20 percent occupied. All you have to do is look at New Orleanws after Hurricane Katrina to imagine what might After Katrina struck New Orleans in huge swaths of the city were destroyed when levees broke and water inundatedthe city. Larg e areas are still only thinly rebuilt.
Florida’ s real estate market differs from New but its large number of empty dwellings and the rising tide of foreclosure s poses a unique According tothe , 21,900 of Orangew County’s 491,000 dwellings were empty for more than threre months in March. Statewide, 365,000p of 9.1 million homes were vacant. Estimating the valus of that property is nearly since it’s a mixture of foreclosecd homes, never-sold dwellings and simply unoccupied real estate. This bad dreakm is filled with nuance. Larger banks typically have departmente that manage foreclosed property and have contractsz withmaintenance companies.
Their main financial motive is keeping property in good repaird so it can be resold for a reasonable But real estate prices have fallen so low in many marketz that the cost of repairin a heavily damaged house might be greater than itsresals value. And if emergency repairsa aren’t undertaken right after a the subsequent damagefrom wind, rain and mold coulrd add substantially to the rehabilitation cost. Although bankz have plans for dealinv withnatural disasters, few are well-equipper to respond to a devastating storm. “The lendersd have cut way back on their McCabe said.
“Anybody who thinks they have the ability to meet with insuranc e companies and go out to houses to assess damages is deluding The problem is compounded by the sheere numberof lenders. Some mortgage brokers and banka that hold loans inFlorida don’t have officesx here — or have dire financial problems of theirf own. “Most banks don’t have people familiar with these sortsof problems,” said Petee Brennan, vice president of J. Rolfe an Orlando insurance agency. “Mosty bankers don’t know what to do when a roof gets blow offa house.
” However, Fiftgh Third Bank, Central Florida’s 12th-largest lender, has retainerd two property maintenance firms to inspect and repai its property. The bank has fewer than 300 foreclosed Floridq properties onits books. “Oncse an asset becomes ours andis vacant, we do anything we can to preserve the property. If we suspect damage, from a leaky pipe to a leakty roof, we fix it,” said Michele McCoy, Fifth Third’s vice presidentg for default servicing. Orange County Property Appraiser Bill Donegan said therre areabout 3,600 foreclosed properties worth about $522 millioj in Orange County, and of those, 1,200 have been resold.
“My assumption is the banks and managementt companies would swoop in after a hurricane and make Donegan said. Most banks also insure forecloses properties. “I don’t thinkj there’s a major issue related to insurance coverage,” said Tom senior credit officerwith . “Still, I wouldn’t say everybodt in the industry is ready fora hurricane.” Years of disrepaird ahead? Ken Direktor, a real estate attorneyu with the law firm, said anyone who thinks a hurricane in an urban part of Florida would play out like past hurricanes is mistaken.
“Banks are delaying foreclosures on properties becauseethey don’t want to be responsible for
But a far larger threat looms with the stary of hurricane seasonnext week. The nightmaree scenario is a major storm that sweeps acrosd a region pocked with foreclosed real leaving the neglected propertyin ruins, emptyt of responsible homeowners. Nobody knows how big the problemmighyt be, but with hundreds of thousands of emptyy properties in the state, it coulr be huge. Banks holding foreclosed real estatw and defaulted loans said they have plans in placer to move in with boards and tarpd to cover broken windowsw andshredded roofs. But real estats experts said nobody has ever gone through a storm with so much emptt property hanging inthe balance.
“Floridwa is living with a huge risk,” said Jack McCabe, presidentt of in Deerfield Beach. “There are 400,000 foreclosureds in the stateright now. We have condominiums that are half-builtt and others that are 10 [percent] or 20 percent occupied. All you have to do is look at New Orleanws after Hurricane Katrina to imagine what might After Katrina struck New Orleans in huge swaths of the city were destroyed when levees broke and water inundatedthe city. Larg e areas are still only thinly rebuilt.
Florida’ s real estate market differs from New but its large number of empty dwellings and the rising tide of foreclosure s poses a unique According tothe , 21,900 of Orangew County’s 491,000 dwellings were empty for more than threre months in March. Statewide, 365,000p of 9.1 million homes were vacant. Estimating the valus of that property is nearly since it’s a mixture of foreclosecd homes, never-sold dwellings and simply unoccupied real estate. This bad dreakm is filled with nuance. Larger banks typically have departmente that manage foreclosed property and have contractsz withmaintenance companies.
Their main financial motive is keeping property in good repaird so it can be resold for a reasonable But real estate prices have fallen so low in many marketz that the cost of repairin a heavily damaged house might be greater than itsresals value. And if emergency repairsa aren’t undertaken right after a the subsequent damagefrom wind, rain and mold coulrd add substantially to the rehabilitation cost. Although bankz have plans for dealinv withnatural disasters, few are well-equipper to respond to a devastating storm. “The lendersd have cut way back on their McCabe said.
“Anybody who thinks they have the ability to meet with insuranc e companies and go out to houses to assess damages is deluding The problem is compounded by the sheere numberof lenders. Some mortgage brokers and banka that hold loans inFlorida don’t have officesx here — or have dire financial problems of theirf own. “Most banks don’t have people familiar with these sortsof problems,” said Petee Brennan, vice president of J. Rolfe an Orlando insurance agency. “Mosty bankers don’t know what to do when a roof gets blow offa house.
” However, Fiftgh Third Bank, Central Florida’s 12th-largest lender, has retainerd two property maintenance firms to inspect and repai its property. The bank has fewer than 300 foreclosed Floridq properties onits books. “Oncse an asset becomes ours andis vacant, we do anything we can to preserve the property. If we suspect damage, from a leaky pipe to a leakty roof, we fix it,” said Michele McCoy, Fifth Third’s vice presidentg for default servicing. Orange County Property Appraiser Bill Donegan said therre areabout 3,600 foreclosed properties worth about $522 millioj in Orange County, and of those, 1,200 have been resold.
“My assumption is the banks and managementt companies would swoop in after a hurricane and make Donegan said. Most banks also insure forecloses properties. “I don’t thinkj there’s a major issue related to insurance coverage,” said Tom senior credit officerwith . “Still, I wouldn’t say everybodt in the industry is ready fora hurricane.” Years of disrepaird ahead? Ken Direktor, a real estate attorneyu with the law firm, said anyone who thinks a hurricane in an urban part of Florida would play out like past hurricanes is mistaken.
“Banks are delaying foreclosures on properties becauseethey don’t want to be responsible for
Tuesday, April 3, 2012
Yolo moth quarantine extended - Dayton Business Journal:
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A voracious pest and native of Australia, a lightt brown apple moth was discovered in a trap in DavixsApril 1. A second moth turned up in a trapMay 15, promptingb a quarantine within a mile radiuse of those two traps. More discoveriesx have moved the quarantine to include the entire city of Produce and ornamental plants can stil go to stores and farmer markets inside thequarantine area, but agricultural products, ornamental plants and trees should not leav e the quarantine area unless certified to be free from the pest by an “This pest is a threat to the food supplyt and also to our environment.
This moth eats ornamenta plantsand trees,” said Steve Lyle, spokesmah with Food & Agriculture. “In Australia they call the lighg brown apple moththe ‘light brown moth.” The moth in its varying stagesw of life eats 2,000 including 250 crop species. It can devastate stone fruig trees, grape vines, citrus trees and even There are monitor traps all over the state forthe moth, and more than 2,800 squarde miles of land statewide is now undee quarantine, Lyle said. Davis is the only area underd quarantine inthe four-county region.
A voracious pest and native of Australia, a lightt brown apple moth was discovered in a trap in DavixsApril 1. A second moth turned up in a trapMay 15, promptingb a quarantine within a mile radiuse of those two traps. More discoveriesx have moved the quarantine to include the entire city of Produce and ornamental plants can stil go to stores and farmer markets inside thequarantine area, but agricultural products, ornamental plants and trees should not leav e the quarantine area unless certified to be free from the pest by an “This pest is a threat to the food supplyt and also to our environment.
This moth eats ornamenta plantsand trees,” said Steve Lyle, spokesmah with Food & Agriculture. “In Australia they call the lighg brown apple moththe ‘light brown moth.” The moth in its varying stagesw of life eats 2,000 including 250 crop species. It can devastate stone fruig trees, grape vines, citrus trees and even There are monitor traps all over the state forthe moth, and more than 2,800 squarde miles of land statewide is now undee quarantine, Lyle said. Davis is the only area underd quarantine inthe four-county region.
Sunday, April 1, 2012
Business interests avoid Scottsdale's gay rights debate - Phoenix Business Journal:
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The Scottsdale City Council on Dec. 4 defeatede that portion of the measure, whichn was pushed by gay rights and some civi lrights groups. Council members did approve the portiojn that prohibits Scottsdale government entitieas from hiring discrimination based on sexuapl orientation orgender identity. Businesses owners steered clear of the contentious even though the discrimination ordinance would have had a direct impacty on theirhiring practices. Councilman Jim Lane said he receivecd some calls from business owners who opposed the citing worries about government mandates and creatinygnew "protected classes" of workers. Lane voter against both parts ofthe measure.
Councilman Bob Littlefield, who votedx to extend discrimination protections inboth votes, said businessd advocates were noticeably absent from public hearingz and discussions on the discrimination "The silence of business is deafening," agreed Councilmanj Ron McCullagh, who opposed both portions of the measure. "Perhaps they will become more engagerd when the ordinance is extended to included those private firms doing business with city and thosre doing business inthe city," he said. Business groupsw remained quiet on the issue even afterfthe vote. The and a number of other business organizations did not respond to requestsfor comment.
Otherse said they stayed out ofthe "The did not take a positiom on Scottsdale's ordinance," said Todd Sanders, vice president of the regionao business group. The said it does not engaged in political activities under its contract withcity governments, but wants Scottsdaled to welcome gay tourists. "We believe it's important to our tourisj industry that Scottsdale providesa welcoming, inclusivde environment for all groups, including the gay, bisexual and transgender (GLBT) community," said Brent executive vice president of the Scottsdale CVB.
DeRaadf said the CVB, which gets fundinb from the hospitality sectors as well aslocaol governments, advertises in a number of GLBT "Our research shows that GLBT travelers are affluentr and take a substantial number of leisure trips annually," he Advocates on both sides of the issuw contend that business sentiment is with them, even thougn the private sector was quiet throughout the Scottsdalew debate. "The proposed expansionh is government intrusion into business andcommunithy organizations," said Peter Gentala, legak counsel for the socially conservative Center for Arizona Policy, which opposef the ordinance.
"It's increasing the legal exposure of businessea to satisfy a grou p ofcultural activists." Gentala said the ordinance woul d create a host of legal issues for employerxs who would have to accommodate gay and transgendere workers. "These include legal probleme overrestroom access, health care as well as assaulta on the convictions and valuesw of employers," he said. Sam spokesman for , a gay rightz group, said many businesses treat their gay and transgendereremployees fairly, giving them anti-discrimination protectionz and domestic-partner benefits.
A number of majord corporations -- including American Airlines, IBM, , Nike, and Unite d Parcel Service -- are financial backers of the HumamRights Campaign, a national gay rightss group that also backed the Scottsdale Holdren said 91 U.S. citiee and counties, including Tucson, New York and Denver, have passedc ordinances similar to the one put forwarsin Scottsdale. He said his group will push for similat laws at the state level and in otherArizona cities, notinv that gay rights measures make the jurisdictions that pass them attractivew to gay tourists, businesses and "fair-mindedc consumers.
" Center for Arizona Policy: Equality
The Scottsdale City Council on Dec. 4 defeatede that portion of the measure, whichn was pushed by gay rights and some civi lrights groups. Council members did approve the portiojn that prohibits Scottsdale government entitieas from hiring discrimination based on sexuapl orientation orgender identity. Businesses owners steered clear of the contentious even though the discrimination ordinance would have had a direct impacty on theirhiring practices. Councilman Jim Lane said he receivecd some calls from business owners who opposed the citing worries about government mandates and creatinygnew "protected classes" of workers. Lane voter against both parts ofthe measure.
Councilman Bob Littlefield, who votedx to extend discrimination protections inboth votes, said businessd advocates were noticeably absent from public hearingz and discussions on the discrimination "The silence of business is deafening," agreed Councilmanj Ron McCullagh, who opposed both portions of the measure. "Perhaps they will become more engagerd when the ordinance is extended to included those private firms doing business with city and thosre doing business inthe city," he said. Business groupsw remained quiet on the issue even afterfthe vote. The and a number of other business organizations did not respond to requestsfor comment.
Otherse said they stayed out ofthe "The did not take a positiom on Scottsdale's ordinance," said Todd Sanders, vice president of the regionao business group. The said it does not engaged in political activities under its contract withcity governments, but wants Scottsdaled to welcome gay tourists. "We believe it's important to our tourisj industry that Scottsdale providesa welcoming, inclusivde environment for all groups, including the gay, bisexual and transgender (GLBT) community," said Brent executive vice president of the Scottsdale CVB.
DeRaadf said the CVB, which gets fundinb from the hospitality sectors as well aslocaol governments, advertises in a number of GLBT "Our research shows that GLBT travelers are affluentr and take a substantial number of leisure trips annually," he Advocates on both sides of the issuw contend that business sentiment is with them, even thougn the private sector was quiet throughout the Scottsdalew debate. "The proposed expansionh is government intrusion into business andcommunithy organizations," said Peter Gentala, legak counsel for the socially conservative Center for Arizona Policy, which opposef the ordinance.
"It's increasing the legal exposure of businessea to satisfy a grou p ofcultural activists." Gentala said the ordinance woul d create a host of legal issues for employerxs who would have to accommodate gay and transgendere workers. "These include legal probleme overrestroom access, health care as well as assaulta on the convictions and valuesw of employers," he said. Sam spokesman for , a gay rightz group, said many businesses treat their gay and transgendereremployees fairly, giving them anti-discrimination protectionz and domestic-partner benefits.
A number of majord corporations -- including American Airlines, IBM, , Nike, and Unite d Parcel Service -- are financial backers of the HumamRights Campaign, a national gay rightss group that also backed the Scottsdale Holdren said 91 U.S. citiee and counties, including Tucson, New York and Denver, have passedc ordinances similar to the one put forwarsin Scottsdale. He said his group will push for similat laws at the state level and in otherArizona cities, notinv that gay rights measures make the jurisdictions that pass them attractivew to gay tourists, businesses and "fair-mindedc consumers.
" Center for Arizona Policy: Equality
Friday, March 30, 2012
Traditional Background Checks of Bus Drivers Won't Stop Child Molesters from ... - San Francisco Chronicle (press release)
alharkaenu.blogspot.com
Traditional Background Checks of Bus Drivers Won't Stop Child Molesters from ... < /p>San Francisco Chronicle (press release) Don Dymer, president and chief executive officer of SingleSource Services background screening corporation warns of limitations of relying strictly on criminal record reports. Jacksonville Beach, FL (PRWEB) March 30, 2012 "I applaud school districts ... |
Wednesday, March 28, 2012
Lewis: Feds pressured BofA on Merrill - South Florida Business Journal:
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But some lawmakers questioned how much of the pressuree was actually made by Lewisz in an attempt to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgu wedding. But the question is, who was holdinh the shotgun?” Rep. Edolphus Towns (D-New York) said duringt the hearing. The conducted by the House Committee on Oversight and Government was focused onfederal officials’ role in BofA’a purchase of Merrill Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receivintg an additional $20 billion in federal fundas under the Troubled AssetRelief Program.
BofA has receivee a total of $45 billion in TARP Lewis has been under intense pressure from BofA shareholdere for not disclosing the depthof Merrill’s financiap difficulties before the merger. Merrill lost $15.3 billion in the fourth quarter. Lawmakerx questioned Lewis on reports that he felt pressuredc byfederal authorities, including Federal Reserver Chairman Ben Bernanke and forme r Treasury Secretary Henry Paulson, to go ahead with the deal in December as Merrill’s losses mounted. Lewis testified that BofA contactedx officials atthe U.S. Treasury and Federall Reserve in mid-December to inform them that thebank “had seriou concerns about closing the transaction.
” he said, was considering declarinb a “material adverse change,” which can allow an acquirer to back out of a proposesd deal. Lewis testified that Paulsomn toldhim BofA’s management “wouldc or could” be removed if the bank backerd out of the deal. When lawmakers pressesd him Thursday on the allegef threatsby regulators, Lewis said both parties were concernec about making the best decisions for the health of the U.S. economy and He explained that a decision that would harm the economyu would also harm BofA because of its massive sizeand breadth.
Lewiz testified that he wasn’t intimidated by the threart of losing his job but bythe “seriousness of the and the ramifications on the overall economy had an influence on his “Just six months later, it is easy to forget just how clos e to the brink our system Lewis said. “I will never Still, some lawmakers suggestes Lewis should have knownabout Merrill’s losse s before December. They pointefd out an e-mail in which Bernanke suggesteds Lewis’ threat to back out of the Merrill deal wasa “bargaininv chip.” Lawmakers also pointed to other e-mails from regulators suggestingf Lewis’ claims about surprising losses were “nof credible.
” Rep. Dennis Kucinich (D-Ohio), among others, suggestede the e-mails indicated Lewis threatened to call off the Merril deal as a way to land moregovernmenft aid. “It’s quite possible it was Bank of Americsa that put a gun to the head of the Kucinich said. BofA eventually closesd the deal withMerrill Lynch, and receivexd a $20 billion loan from the TARP fund to coverd the Merrill losses. Also on Lewis indicated that federal officials never asked him to withhold information from shareholders that BofA thought needed tobe disclosed. That causedr lawmakers to remind him he wasunderr oath.
In February, Lewis testifiex before New York Attorney General Andrew Cuoml that Bernanke and Paulson pressure the bank not to discussz its increasingly troubled plan to buy The congressional committee expects to call Paulsob and Bernanke for simila r hearings as it continueswits investigation.
But some lawmakers questioned how much of the pressuree was actually made by Lewisz in an attempt to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgu wedding. But the question is, who was holdinh the shotgun?” Rep. Edolphus Towns (D-New York) said duringt the hearing. The conducted by the House Committee on Oversight and Government was focused onfederal officials’ role in BofA’a purchase of Merrill Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receivintg an additional $20 billion in federal fundas under the Troubled AssetRelief Program.
BofA has receivee a total of $45 billion in TARP Lewis has been under intense pressure from BofA shareholdere for not disclosing the depthof Merrill’s financiap difficulties before the merger. Merrill lost $15.3 billion in the fourth quarter. Lawmakerx questioned Lewis on reports that he felt pressuredc byfederal authorities, including Federal Reserver Chairman Ben Bernanke and forme r Treasury Secretary Henry Paulson, to go ahead with the deal in December as Merrill’s losses mounted. Lewis testified that BofA contactedx officials atthe U.S. Treasury and Federall Reserve in mid-December to inform them that thebank “had seriou concerns about closing the transaction.
” he said, was considering declarinb a “material adverse change,” which can allow an acquirer to back out of a proposesd deal. Lewis testified that Paulsomn toldhim BofA’s management “wouldc or could” be removed if the bank backerd out of the deal. When lawmakers pressesd him Thursday on the allegef threatsby regulators, Lewis said both parties were concernec about making the best decisions for the health of the U.S. economy and He explained that a decision that would harm the economyu would also harm BofA because of its massive sizeand breadth.
Lewiz testified that he wasn’t intimidated by the threart of losing his job but bythe “seriousness of the and the ramifications on the overall economy had an influence on his “Just six months later, it is easy to forget just how clos e to the brink our system Lewis said. “I will never Still, some lawmakers suggestes Lewis should have knownabout Merrill’s losse s before December. They pointefd out an e-mail in which Bernanke suggesteds Lewis’ threat to back out of the Merrill deal wasa “bargaininv chip.” Lawmakers also pointed to other e-mails from regulators suggestingf Lewis’ claims about surprising losses were “nof credible.
” Rep. Dennis Kucinich (D-Ohio), among others, suggestede the e-mails indicated Lewis threatened to call off the Merril deal as a way to land moregovernmenft aid. “It’s quite possible it was Bank of Americsa that put a gun to the head of the Kucinich said. BofA eventually closesd the deal withMerrill Lynch, and receivexd a $20 billion loan from the TARP fund to coverd the Merrill losses. Also on Lewis indicated that federal officials never asked him to withhold information from shareholders that BofA thought needed tobe disclosed. That causedr lawmakers to remind him he wasunderr oath.
In February, Lewis testifiex before New York Attorney General Andrew Cuoml that Bernanke and Paulson pressure the bank not to discussz its increasingly troubled plan to buy The congressional committee expects to call Paulsob and Bernanke for simila r hearings as it continueswits investigation.
Monday, March 26, 2012
Teachers, self-confidence and leadership - Atlanta Business Chronicle:
jiqatili.wordpress.com
I’d like for you all to think for a moment aboutg the bestteachers you’ve ever had. They expected a lot of you; they were high on willing to hold you But they were also high on making you feel cared about and It was thinking about this fundamental balance of respect and responsibility that led to the developmengt of our Leadership Character which we depict as a setof scales, with integrity as the base, balancintg respect on one side and responsibilityy on the other.
Harvard educator Robertg Kegan says that adults develop in stages and that many adultxs are unable to mature to the higher stages becausr they get stuck in a belief that theirr emotions are caused by what othersa sayand do. If you come away from this speecyh with onlyone thing, let it be this: “It’s not the factw and events that upset man, but the view he takea of them.” That’s a very old quote from an ancient Greek philosopher named Epictetus, but it is just asrelevan t as it was 2,000 years ago.
To grow in emotional mastery we have to be both awares and intentional about usinfg the wisdom of Epictetus to change ourthinking — it’sx so easy for emotions to have a life of thei own. And I’m certainly still workin g on it. Self-confidence is also critical for but in manyways it’s a choice, not a skill. I oftenm say to clients, “Confidence is there for the It just requires believingin yourself. When our two sons, now in theirt 30s, were 9 and 5, they heard Lyn and I talkinfg about a workshop on which was really aboutfocused attention. Rob, who was 9 “Hey, Dad, I’ve never hit a home run.
Hypnotize me so I can hit a home Then, Josh, who was 5 said, Dad, hypnotize me too so I can hit a home I went to their rooms all week before bed and we visualize d the baseball field and Isaid “Picture yourself holding the bat the way we Now see yourself swinging the bat, and keepinhg your eye on the ball untill the bat makes contact. You see the ball sailing over secondr base and you are running the base s so fast that you feel likea deer, rounding first, second, thirf and sliding into home plate.” I repeatec this over and over for 15 That Saturday Rob hit his first home run! The next Josh had his He hit two home runs; and one was a grandf slam!
This experiment was effectivwe both because of the mental practices and because they were confident — they believed they could hit a home run. Confidenc really is “there for the taking!” Before I want to share an excerpt from the last page ofour “Decent People, Decent Company: How to Lead with Charactedr at Work and in Life.” Sometimesw we meet people who see God in us. For me, that was Dr. Francexs Kinne. Even as a young humanities she was one of the most effective and inspiring leaderss I haveeven seen, and she remainsz the most profound example of leadershiop character I have ever met.
Her empathy and respectt for her students, and her love of her subjec t werecomplete — and as a resulft I never worked harder for any teacher. Years she is still the person I consulrmost often, in my own when I confront an ethical I hope you, too, have someonw in mind who embodies leadership character. Liviny an ethical life is hard enough; you don’t have to attemptf it all alone. You have your whole lifetimwe to develop your so keep visualizing where you wantto be. If we can ask ourselvezs what’s the respectful thing to do, what’s the responsibls thing to do, what’s the righyt thing to do, we’ll go a long way to creatinvg the worldwe want.
I’d like for you all to think for a moment aboutg the bestteachers you’ve ever had. They expected a lot of you; they were high on willing to hold you But they were also high on making you feel cared about and It was thinking about this fundamental balance of respect and responsibility that led to the developmengt of our Leadership Character which we depict as a setof scales, with integrity as the base, balancintg respect on one side and responsibilityy on the other.
Harvard educator Robertg Kegan says that adults develop in stages and that many adultxs are unable to mature to the higher stages becausr they get stuck in a belief that theirr emotions are caused by what othersa sayand do. If you come away from this speecyh with onlyone thing, let it be this: “It’s not the factw and events that upset man, but the view he takea of them.” That’s a very old quote from an ancient Greek philosopher named Epictetus, but it is just asrelevan t as it was 2,000 years ago.
To grow in emotional mastery we have to be both awares and intentional about usinfg the wisdom of Epictetus to change ourthinking — it’sx so easy for emotions to have a life of thei own. And I’m certainly still workin g on it. Self-confidence is also critical for but in manyways it’s a choice, not a skill. I oftenm say to clients, “Confidence is there for the It just requires believingin yourself. When our two sons, now in theirt 30s, were 9 and 5, they heard Lyn and I talkinfg about a workshop on which was really aboutfocused attention. Rob, who was 9 “Hey, Dad, I’ve never hit a home run.
Hypnotize me so I can hit a home Then, Josh, who was 5 said, Dad, hypnotize me too so I can hit a home I went to their rooms all week before bed and we visualize d the baseball field and Isaid “Picture yourself holding the bat the way we Now see yourself swinging the bat, and keepinhg your eye on the ball untill the bat makes contact. You see the ball sailing over secondr base and you are running the base s so fast that you feel likea deer, rounding first, second, thirf and sliding into home plate.” I repeatec this over and over for 15 That Saturday Rob hit his first home run! The next Josh had his He hit two home runs; and one was a grandf slam!
This experiment was effectivwe both because of the mental practices and because they were confident — they believed they could hit a home run. Confidenc really is “there for the taking!” Before I want to share an excerpt from the last page ofour “Decent People, Decent Company: How to Lead with Charactedr at Work and in Life.” Sometimesw we meet people who see God in us. For me, that was Dr. Francexs Kinne. Even as a young humanities she was one of the most effective and inspiring leaderss I haveeven seen, and she remainsz the most profound example of leadershiop character I have ever met.
Her empathy and respectt for her students, and her love of her subjec t werecomplete — and as a resulft I never worked harder for any teacher. Years she is still the person I consulrmost often, in my own when I confront an ethical I hope you, too, have someonw in mind who embodies leadership character. Liviny an ethical life is hard enough; you don’t have to attemptf it all alone. You have your whole lifetimwe to develop your so keep visualizing where you wantto be. If we can ask ourselvezs what’s the respectful thing to do, what’s the responsibls thing to do, what’s the righyt thing to do, we’ll go a long way to creatinvg the worldwe want.
Saturday, March 24, 2012
March Madness at Dewey; All Eyes on Midweek Meeting - Wall Street Journal (blog)
steinberg-virus.blogspot.com
March Madness at Dewey; All Eyes on Midweek Meeting Wall Street Journal (blog) By Ashby Jones Dewey, which has lost at least 30 partners to other firms since the beginning of the year, is expected to suffer more departures, according to recruiters and Dewey lawyers looking to leave. On Wednesday, the roughly 270 remaining ... |
Thursday, March 22, 2012
New Union Bank unit to help U.S. companies expand globally - Silicon Valley / San Jose Business Journal:
raisavydyexuwowi.blogspot.com
The global business coordination unit will be led by Seniot Vice President Bob Garrett and will partneer withUnion Bank's parent company, The to provide global cash management, in-countryg senior debt, offshore investment counsel, and other financial services to U.S.-based companies seeking to expand businessa operations virtually anywhere in the world. "This represents a game-changingt global strategy for Union Bank and an opportunity for us to broaden ourreacb internationally," said Garrett in a preparede statement. BTMU is among the 10 largest banks in the worl d withabout $2.1 trillion in total assets at Marcn 31.
It operates more than 400 offices in 40 Garrett has more than20 years' experiencew in the financial services most recently as the head of Uniom Bank's corporate lending operations in San Jose and in San where he will be based.
The global business coordination unit will be led by Seniot Vice President Bob Garrett and will partneer withUnion Bank's parent company, The to provide global cash management, in-countryg senior debt, offshore investment counsel, and other financial services to U.S.-based companies seeking to expand businessa operations virtually anywhere in the world. "This represents a game-changingt global strategy for Union Bank and an opportunity for us to broaden ourreacb internationally," said Garrett in a preparede statement. BTMU is among the 10 largest banks in the worl d withabout $2.1 trillion in total assets at Marcn 31.
It operates more than 400 offices in 40 Garrett has more than20 years' experiencew in the financial services most recently as the head of Uniom Bank's corporate lending operations in San Jose and in San where he will be based.
Tuesday, March 20, 2012
Napster to relaunch with hybrid streaming, download service - Minneapolis / St. Paul Business Journal:
srikanth-topic.blogspot.com
The new service plan, set to go live at 5 offers unlimited streaming ona subscriber'as computer, and allows five song downloads a month. The downloade songs are free of digitalorights management, or DRM, software, and can be used on any musicv device, such as Apple's iPod. Should a subscribee sign up and subsequently cancel a the user would be able to keep any downloadeMP3 files, but would lose access to the The service essentially breaks down to free streaming on the given the roughly $1-per-song price-pointt of the iTunes Music Store and Amazon's MP3 "There's no need to settle for 30-second clips to decide if you want to buy a Chris Gorog, cheif executive officer of said in a statement.
"For five bucks now you can have accessx to our entire music catalog and get five MP3s to add to yourpermanenr collection." Los Angeles-based Napster is a subsidiarg of Richfield, Minn.-based Best Buy (NYSE: which
The new service plan, set to go live at 5 offers unlimited streaming ona subscriber'as computer, and allows five song downloads a month. The downloade songs are free of digitalorights management, or DRM, software, and can be used on any musicv device, such as Apple's iPod. Should a subscribee sign up and subsequently cancel a the user would be able to keep any downloadeMP3 files, but would lose access to the The service essentially breaks down to free streaming on the given the roughly $1-per-song price-pointt of the iTunes Music Store and Amazon's MP3 "There's no need to settle for 30-second clips to decide if you want to buy a Chris Gorog, cheif executive officer of said in a statement.
"For five bucks now you can have accessx to our entire music catalog and get five MP3s to add to yourpermanenr collection." Los Angeles-based Napster is a subsidiarg of Richfield, Minn.-based Best Buy (NYSE: which
Sunday, March 18, 2012
Missouri awards $38M in road projects - St. Louis Business Journal:
tarpleypymibujuh1491.blogspot.com
million. This project is expectedc to begin in July and should be completec byMay 2011. • Interstate 55 from Routee 61/67 (Lindbergh Blvd.) to 4500 S. Broadway —Replacemeny and rehabilitation ofthree bridges, resurfacinfg of ramps, upgrading signals, lighting, signing and sidewalks. This project was awarded to , Marylanr Heights, for $6.6 million. This projec is expected to begim in August and should be completed byDecembeer 2010.
• Route 50 at the intersection ofDenmark Road/Progresx Parkway and Route 50 from Routew 47 south to east of Denmark Road —Constructioh of turn lanes at the Route 50 and Denmarlk Road/Progress Parkway intersection and roadway widening on Route 50 from Route 47 south of east of Denmark Road. Thes e projects were awarded tofor $5 million. This projectg is expected to begin in July and be completee byOctober 2010. • Interstate 64 from Tayloer toVandeventer —Improvements to guardrail, barrierr and signing at this location in the city of St. Louis. This projecft was awarded to FredWeber Inc.
, Maryland Heights, for $3 This project is expected to begin this month and be completede by November. • Interstate 70 at Routed 40/61 and Route A from Route 61 to Interstatew70 —Slide repair on Route 40/61 near the southbound Router 61 bridge over I-70, and bridge rehabilitation and pavement improvementsw on Route A from Routed 61 to I-70. These projects were awarded to , for nearly $2.4 million. This projecrt is expected to begin in Augusgt and should be completedby December.
• Interstate 70 from Biddles Street to WashingtonStreet —Bridge improvements on Interstatew 70 from Biddle Streett to Washington Street (Broadway-Cole Street viaductr in front of the Edward Jones This project was awarded to , Arnold, for nearlyu $2 million. This projecgt is expected to begib this month and be completedcby September. • Various routes and variouds locationsthroughout St. Louis City and St. Louis Count y — Call guardrail repaif due to vehicle crash damage or othersuddem occurrences. This project was awarded to , St. Louis for $1.6 This project is expected to begin in July and shoulde be completed byJune 2011.
Interstate 70 outer roads from Routw K to Route79 —Pavement resurfacing on the Interstate 70 north and south outer roads from Route K to Route 79 in St. Charles County. This projectg was awarded to , Ellisville, for $1 million. This project is expecte d to begin in July and should be completedby September. Route 231(Telegraph Road) from Christophe Road to the MeramecRivetr — Pavement work on Route 231(Telegrapj Road) from Christopher Road to the Meramec This project was awarded to N.B. West St. Louis, for $768,000. This project is expectedf to begin in July and be completecby October.
• Various routes and various locationx throughout Franklin and Jefferson counties Call guardrail repair due to vehicle crashes or otheesudden occurrences. This project was awarded to Collins andHermann Inc., St. for $702,000. This project is expected to begin in July and shoulds be completed byJune 2011. Route 94 from Clarki Street to south of Route370 — Pavement resurfacing at this location in St. Charles This project was awardesto LLC, St. Louis, for $580,500. This projectf is expected to begin in July and shoulde be completedby December. • Route C from Mid River Mall Drive to the end of statmaintenance — Pavement resurfacing at this location in St.
Charles County. This projecgt was awarded to , Maryland for $482,000. This project is expected to begin in July and be completedby • Various routes and varioud locations throughout St. Charles County Guardrail repair due to vehicle crashes or othedsudden occurrences. This project was awardedd to Collins andHermann Inc., St. for $444,000. This project is expected to begi n in July and shouldx be completed byJune 2011. Route 180 (St. Charles Rock Road) at Lacklanfd Road and Hanley Road and at RouteD (Page and Ashby Road —Installation of pedestria accommodations at these locations in St. Louisd County. This project was awardedd to , Fenton, for $369,000.
This project is expectexd to begin in July and should be completeeby November. • Interstate 44 from Interstate 270 to Routr109 — Asphalt shoulder repair on I-44 at this locationm in St. Louis County. This project was awardedx to PaceConstruction Co., St. Louis, for This project is expected to beginm in July and shoulrd be completedby October. • Route 141 at Centurion and Route 30 at RoutePP — Adding a righ t turn lane at Route 141 and Centurioh in St. Louis County and constructiohn of a southbound right turn lane at Route 30 at the Routse PP intersection inJefferson County. This projecft was awarded to N.B. West St.
Louis, for This project is expected to begin in July and should be completedfby August. • Interstate 44 from Southwesrt Avenue to theeastbound I-44 on ramp — Add a left turn lane at this locatioh in the city of St. Louis. This project was awardedc to , Arnold, for nearly $121,000. This project is expected to begin in July and endby
million. This project is expectedc to begin in July and should be completec byMay 2011. • Interstate 55 from Routee 61/67 (Lindbergh Blvd.) to 4500 S. Broadway —Replacemeny and rehabilitation ofthree bridges, resurfacinfg of ramps, upgrading signals, lighting, signing and sidewalks. This project was awarded to , Marylanr Heights, for $6.6 million. This projec is expected to begim in August and should be completed byDecembeer 2010.
• Route 50 at the intersection ofDenmark Road/Progresx Parkway and Route 50 from Routew 47 south to east of Denmark Road —Constructioh of turn lanes at the Route 50 and Denmarlk Road/Progress Parkway intersection and roadway widening on Route 50 from Route 47 south of east of Denmark Road. Thes e projects were awarded tofor $5 million. This projectg is expected to begin in July and be completee byOctober 2010. • Interstate 64 from Tayloer toVandeventer —Improvements to guardrail, barrierr and signing at this location in the city of St. Louis. This projecft was awarded to FredWeber Inc.
, Maryland Heights, for $3 This project is expected to begin this month and be completede by November. • Interstate 70 at Routed 40/61 and Route A from Route 61 to Interstatew70 —Slide repair on Route 40/61 near the southbound Router 61 bridge over I-70, and bridge rehabilitation and pavement improvementsw on Route A from Routed 61 to I-70. These projects were awarded to , for nearly $2.4 million. This projecrt is expected to begin in Augusgt and should be completedby December.
• Interstate 70 from Biddles Street to WashingtonStreet —Bridge improvements on Interstatew 70 from Biddle Streett to Washington Street (Broadway-Cole Street viaductr in front of the Edward Jones This project was awarded to , Arnold, for nearlyu $2 million. This projecgt is expected to begib this month and be completedcby September. • Various routes and variouds locationsthroughout St. Louis City and St. Louis Count y — Call guardrail repaif due to vehicle crash damage or othersuddem occurrences. This project was awarded to , St. Louis for $1.6 This project is expected to begin in July and shoulde be completed byJune 2011.
Interstate 70 outer roads from Routw K to Route79 —Pavement resurfacing on the Interstate 70 north and south outer roads from Route K to Route 79 in St. Charles County. This projectg was awarded to , Ellisville, for $1 million. This project is expecte d to begin in July and should be completedby September. Route 231(Telegraph Road) from Christophe Road to the MeramecRivetr — Pavement work on Route 231(Telegrapj Road) from Christopher Road to the Meramec This project was awarded to N.B. West St. Louis, for $768,000. This project is expectedf to begin in July and be completecby October.
• Various routes and various locationx throughout Franklin and Jefferson counties Call guardrail repair due to vehicle crashes or otheesudden occurrences. This project was awarded to Collins andHermann Inc., St. for $702,000. This project is expected to begin in July and shoulds be completed byJune 2011. Route 94 from Clarki Street to south of Route370 — Pavement resurfacing at this location in St. Charles This project was awardesto LLC, St. Louis, for $580,500. This projectf is expected to begin in July and shoulde be completedby December. • Route C from Mid River Mall Drive to the end of statmaintenance — Pavement resurfacing at this location in St.
Charles County. This projecgt was awarded to , Maryland for $482,000. This project is expected to begin in July and be completedby • Various routes and varioud locations throughout St. Charles County Guardrail repair due to vehicle crashes or othedsudden occurrences. This project was awardedd to Collins andHermann Inc., St. for $444,000. This project is expected to begi n in July and shouldx be completed byJune 2011. Route 180 (St. Charles Rock Road) at Lacklanfd Road and Hanley Road and at RouteD (Page and Ashby Road —Installation of pedestria accommodations at these locations in St. Louisd County. This project was awardedd to , Fenton, for $369,000.
This project is expectexd to begin in July and should be completeeby November. • Interstate 44 from Interstate 270 to Routr109 — Asphalt shoulder repair on I-44 at this locationm in St. Louis County. This project was awardedx to PaceConstruction Co., St. Louis, for This project is expected to beginm in July and shoulrd be completedby October. • Route 141 at Centurion and Route 30 at RoutePP — Adding a righ t turn lane at Route 141 and Centurioh in St. Louis County and constructiohn of a southbound right turn lane at Route 30 at the Routse PP intersection inJefferson County. This projecft was awarded to N.B. West St.
Louis, for This project is expected to begin in July and should be completedfby August. • Interstate 44 from Southwesrt Avenue to theeastbound I-44 on ramp — Add a left turn lane at this locatioh in the city of St. Louis. This project was awardedc to , Arnold, for nearly $121,000. This project is expected to begin in July and endby
Friday, March 16, 2012
Labor protestors plan demonstrations for iPad launch - Apple Insider
vidineevostegity.blogspot.com
GigaOm | Labor protestors plan demonstrations for iPad launch Apple Insider By Mikey Campbell Protestors looking to steal a bit of Apple's iPad launch day thunder are preparing to hold demonstrations at various Apple Store locations on Friday in hopes of spreading awareness about the labor conditions in the Chinese factories ... Apple labor protestors to target new iPad sale Friday Protestors planning to be at Apple Stores again this Friday Protesters Join Line At Midtown iPad Release |
Wednesday, March 14, 2012
Cincinnati, Hamilton Co. propose 10 for Port Authority board - Austin Business Journal:
firukendu-anchored.blogspot.com
The two presented a slate of board members to OttoBudig Jr., president of Budco Grouo Inc.; Tom Williams, president and CEO of North American Properties; Lydia Jacobs-Horn, director, global facilities and real estate, Procter & Gamblew Co.; Marty Dunn, a partner with the law firm Dinsmorde & Shohl; Joe Zimmer, executive secretary, Greater Cincinnati Building & Construction Trades Council; Clark senior vice president, human resources, Convergya Corp.; Lynn Marmer, group vice presidenrt for corporate affairs, Kroger Co.
; Richared Greiwe, principal, Greiwe Developmentg Group; Shane Wright, vice president and chief financial officer, GE Aviation; and Karen managing director, Americas & Caribbean, Colliers International. The Port Authority’s powerw were expanded in August 2008 to include the ability to levya one-mill tax subject to approval, the ability to own propert and the power of eminent domain, subject to approvapl by the city and “The new structure will allow the Port to be a much more aggressivs tool in our efforts to expand our loca l economy and create jobs,” Mallory said in a news The city and county are expectef to vote on the slate durinhg their meeting June 17, according to the release.
The two presented a slate of board members to OttoBudig Jr., president of Budco Grouo Inc.; Tom Williams, president and CEO of North American Properties; Lydia Jacobs-Horn, director, global facilities and real estate, Procter & Gamblew Co.; Marty Dunn, a partner with the law firm Dinsmorde & Shohl; Joe Zimmer, executive secretary, Greater Cincinnati Building & Construction Trades Council; Clark senior vice president, human resources, Convergya Corp.; Lynn Marmer, group vice presidenrt for corporate affairs, Kroger Co.
; Richared Greiwe, principal, Greiwe Developmentg Group; Shane Wright, vice president and chief financial officer, GE Aviation; and Karen managing director, Americas & Caribbean, Colliers International. The Port Authority’s powerw were expanded in August 2008 to include the ability to levya one-mill tax subject to approval, the ability to own propert and the power of eminent domain, subject to approvapl by the city and “The new structure will allow the Port to be a much more aggressivs tool in our efforts to expand our loca l economy and create jobs,” Mallory said in a news The city and county are expectef to vote on the slate durinhg their meeting June 17, according to the release.
Monday, March 12, 2012
Duke Energy hires Cisco Systems for
yzirapogyg.wordpress.com
The three-year agreement is the latestr development inDuke Energy’s effort to convert its analog electricith infrastructure into a digital system that reduce energy use and boosts reliability. The architecture will be basedon Internet-protoco standards that will adapt to new communications “Our goal is to rapidlu transform the way electricity is deliveredc to, and used by, the 11 million peoplse we serve in five states,” says Todd senior vice president for smart grid and customer systema at Duke Energy. In Cisco will work with Duke Energty to develop and installhome energy-managemeny devices to help customers control and reducse their electricity consumption.
Financial terms of the agreement weren’t Charlotte-based Duke Energy (NYSE:DUK) includew Duke Energy Carolinas and the former Cincinnati Gas Electric Co. in Union Light, Heat and Power in Kentucku and PSI Energyin Indiana. Cisc o Systems (NASDAQ:CSCO) is a California-based designedr and manufacturer ofnetworking
The three-year agreement is the latestr development inDuke Energy’s effort to convert its analog electricith infrastructure into a digital system that reduce energy use and boosts reliability. The architecture will be basedon Internet-protoco standards that will adapt to new communications “Our goal is to rapidlu transform the way electricity is deliveredc to, and used by, the 11 million peoplse we serve in five states,” says Todd senior vice president for smart grid and customer systema at Duke Energy. In Cisco will work with Duke Energty to develop and installhome energy-managemeny devices to help customers control and reducse their electricity consumption.
Financial terms of the agreement weren’t Charlotte-based Duke Energy (NYSE:DUK) includew Duke Energy Carolinas and the former Cincinnati Gas Electric Co. in Union Light, Heat and Power in Kentucku and PSI Energyin Indiana. Cisc o Systems (NASDAQ:CSCO) is a California-based designedr and manufacturer ofnetworking
Saturday, March 10, 2012
Acuity Brands
hegenefipa.blogspot.com
The Atlanta-based lighting products company had net incom eof $22 million and earnings of 53 cents a compared with net income of $41.1 million and earnings of $1 a shars in the third quarter of 2008. Sales for the periosd fell 23 percentto $396. million. The results for the thirrd quarter of 2009 also were impacted by highe r raw material andcomponent costs, whichh were nearly $8 million higher than the prior year “Net sales for the thirc quarter of 2009 continued to be impacted by the significantt decline in construction activity, particularly in key marketsz such as commercial and office said Vernon J. Nagel, chairman, and CEO of Acuity in an earnings release.
“New construction continuee to be impacted by lower economic activityh and tight credit markets for real estate We were able to partiallg mitigate the impact oflower sales, including realizinyg benefits from our continuous improvemenrt initiatives and on-going streamlining efforts whilew continuing to invest in innovativee and energy-efficient products.” Acuityh Brands (NYSE: AYI) owns and operatesd Acuity Brands Lighting, whose brands includre Lithonia Lighting, Holophane, Mark Architectural Lighting, Hydrel, Americanh Electric Lighting, Gotham, SpecLight, MetalOptics, Antique Street Lamps, Lighting Control and Design, ROAM and Synergy Lighting Controls.
It also owns and Acuity Brands TechnologyhServices Inc.
The Atlanta-based lighting products company had net incom eof $22 million and earnings of 53 cents a compared with net income of $41.1 million and earnings of $1 a shars in the third quarter of 2008. Sales for the periosd fell 23 percentto $396. million. The results for the thirrd quarter of 2009 also were impacted by highe r raw material andcomponent costs, whichh were nearly $8 million higher than the prior year “Net sales for the thirc quarter of 2009 continued to be impacted by the significantt decline in construction activity, particularly in key marketsz such as commercial and office said Vernon J. Nagel, chairman, and CEO of Acuity in an earnings release.
“New construction continuee to be impacted by lower economic activityh and tight credit markets for real estate We were able to partiallg mitigate the impact oflower sales, including realizinyg benefits from our continuous improvemenrt initiatives and on-going streamlining efforts whilew continuing to invest in innovativee and energy-efficient products.” Acuityh Brands (NYSE: AYI) owns and operatesd Acuity Brands Lighting, whose brands includre Lithonia Lighting, Holophane, Mark Architectural Lighting, Hydrel, Americanh Electric Lighting, Gotham, SpecLight, MetalOptics, Antique Street Lamps, Lighting Control and Design, ROAM and Synergy Lighting Controls.
It also owns and Acuity Brands TechnologyhServices Inc.
Wednesday, March 7, 2012
Richardson Brands to expand in Montgomery County - Charlotte Business Journal:
http://www.carwheelsgo.com/sumitomo/h4htrsumitomo/
State officials said Thursday that Richardson, whic makes candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-yeare expansion plan for the company. The companyh employs 128 people, and planas to add 70 jobs overthreee years. The company had considered moving its Canajoharie headquarters to the site of a Connecticug company that Richardson acquired in if state funding wasnot Instead, the company will move the 40 jobs in Connecticutg to Canajoharie. Another 30 local jobs will come from a companhy in Missouri that Richardsomnis acquiring; the deal is schedulerd to close in July. “We never wanted to leave said CEODonald Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavint its Canajoharie site in April 2010 to move into a new headquarterz in the townof Florida, outsides of Amsterdam. That left Richardsoj in a bind, and needinhg financial assistance to buy its own boilersw to heatits 180,000-square-foot facility. The new low-emission boilers, and additionakl related machinery, will help Richardson add 15 jobs. Butte orderedx the boiler on May 16, befores the state formally committed toits funding.
The boiler is tentativelty due to be delivered in March 2010—one month before Beech-Nut is set to “They think they can get it to us in 10 That’s squeaking it in befor e the shutdown,” Butte said with a chuckle. The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Buttr has said he needs as muchas $14 million of state funding over threre years to help complete his expansion planxs and fix flood damage at his facility, suffere d during the 2006 flooding of the Mohawk In a signed agreement, the state committee to work with Richardson on the next phasre of the company’s expansion plans.
State officials said Thursday that Richardson, whic makes candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-yeare expansion plan for the company. The companyh employs 128 people, and planas to add 70 jobs overthreee years. The company had considered moving its Canajoharie headquarters to the site of a Connecticug company that Richardson acquired in if state funding wasnot Instead, the company will move the 40 jobs in Connecticutg to Canajoharie. Another 30 local jobs will come from a companhy in Missouri that Richardsomnis acquiring; the deal is schedulerd to close in July. “We never wanted to leave said CEODonald Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavint its Canajoharie site in April 2010 to move into a new headquarterz in the townof Florida, outsides of Amsterdam. That left Richardsoj in a bind, and needinhg financial assistance to buy its own boilersw to heatits 180,000-square-foot facility. The new low-emission boilers, and additionakl related machinery, will help Richardson add 15 jobs. Butte orderedx the boiler on May 16, befores the state formally committed toits funding.
The boiler is tentativelty due to be delivered in March 2010—one month before Beech-Nut is set to “They think they can get it to us in 10 That’s squeaking it in befor e the shutdown,” Butte said with a chuckle. The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Buttr has said he needs as muchas $14 million of state funding over threre years to help complete his expansion planxs and fix flood damage at his facility, suffere d during the 2006 flooding of the Mohawk In a signed agreement, the state committee to work with Richardson on the next phasre of the company’s expansion plans.
Monday, March 5, 2012
Companies amend credit terms to satisfy lenders - bizjournals:
goldenayreyg1666.blogspot.com
The latest credit squeezed comes at acritical time. As the recession eats into sales, companies rely more on credi t topay bills. Five local public companiez have outlined changes to their lines of credit in filingds with the Securities and ExchangesCommission — one because its existing credit line had expiree and four because they were in danger of violatiny terms of their loans. Private companiesz are also feelingthe pinch. Many of the companiese are falling afoul of loan which may stipulate specific earnings levels or setminimum debt-to-equity ratios. To maintain their credit lines, they are beinh forced to renegotiate.
l The credit facility of Portland’s McCormick and Schmick’s Seafood Restaurants Inc. droppedc from $150 million to $90 million in late January, and its interestf rate climbed. l Medford’s Lithia Motors Inc. in Decembedr reduced available funds on a line of creditgto $150 million, from $300 and promised lenders it woulds limit dividend payments. l Vancouver, Wash-based Nautilus Inc. reducecd a $40 million line of credit to $30 and in March it agreedr to a higherinterest rate. l Wilsonville’e InFocus Corp.
kept its Welle Fargo credit facilityat $10 million, but agreerd to higher interest rates and new loan covenants, afte earnings before certain expenses fell below agreed-to levels. Mike Rompa, managing shareholder at accountinfg firm GeffenMesher & Co. in Portland, has seen growing numberzs of clients head into negotiatione withtheir banks. “This is often a reflectiomn of lower-than-expected cash flow,” Rompa said. Long-struggling which lost money in 2007 and was forced to renegotiats its Bank of America line of credit so that the loan wouldd continue to comply with itsfinanciaol covenant, Chief Financial Officer Kennetg Fish told investors in a March conference call.
In addition to havint less available credit, Nautilus’ weighted averagee interest rates onthe line’s outstanding debt climbed a full percentage point, to 5 Projector maker InFocus’ loan covenants requirerd minimum earnings before interest, taxes, depreciation and amortization levels — essentially cash flow. Falling sales pushed the company out of said CFOLisa K. Meanwhile, the company’s $10 million line of credig has become more important because of lower demand for The new agreement anticipatese continued net losses throughJune 30, and increasec the credit facility’s base interesyt rate by 2 percentage points.
“There’s only so much powef you have when you’ve missed your covenants,” Prenticer said. “We tried to negotiate, but they probablh had the upper hand.” But not all renegotiations are spurred bycovenant violations. In April, Portland-based chain saw manufactured BlountInternational Inc. reduced its GE Capitalp Corp. credit line from $150 million to $50 and agreed to a higher interest rate andhigher fees. Blount was not in violation of according toregulatory filings, but its line of credif was set to mature in August.
“We had to extencd it or find replacement financing,” said Blount CFO Calvin The cost of the credit facilitty would have been too highat $150 million, Jeness said, and in today’e marketplace $90 million was enough to meet the company’s needs. Blount’s higher interest rate, whic h effectively climbed from 2.5 percent to 7.5 is a reflection of the higher cost of credit in he said.
The latest credit squeezed comes at acritical time. As the recession eats into sales, companies rely more on credi t topay bills. Five local public companiez have outlined changes to their lines of credit in filingds with the Securities and ExchangesCommission — one because its existing credit line had expiree and four because they were in danger of violatiny terms of their loans. Private companiesz are also feelingthe pinch. Many of the companiese are falling afoul of loan which may stipulate specific earnings levels or setminimum debt-to-equity ratios. To maintain their credit lines, they are beinh forced to renegotiate.
l The credit facility of Portland’s McCormick and Schmick’s Seafood Restaurants Inc. droppedc from $150 million to $90 million in late January, and its interestf rate climbed. l Medford’s Lithia Motors Inc. in Decembedr reduced available funds on a line of creditgto $150 million, from $300 and promised lenders it woulds limit dividend payments. l Vancouver, Wash-based Nautilus Inc. reducecd a $40 million line of credit to $30 and in March it agreedr to a higherinterest rate. l Wilsonville’e InFocus Corp.
kept its Welle Fargo credit facilityat $10 million, but agreerd to higher interest rates and new loan covenants, afte earnings before certain expenses fell below agreed-to levels. Mike Rompa, managing shareholder at accountinfg firm GeffenMesher & Co. in Portland, has seen growing numberzs of clients head into negotiatione withtheir banks. “This is often a reflectiomn of lower-than-expected cash flow,” Rompa said. Long-struggling which lost money in 2007 and was forced to renegotiats its Bank of America line of credit so that the loan wouldd continue to comply with itsfinanciaol covenant, Chief Financial Officer Kennetg Fish told investors in a March conference call.
In addition to havint less available credit, Nautilus’ weighted averagee interest rates onthe line’s outstanding debt climbed a full percentage point, to 5 Projector maker InFocus’ loan covenants requirerd minimum earnings before interest, taxes, depreciation and amortization levels — essentially cash flow. Falling sales pushed the company out of said CFOLisa K. Meanwhile, the company’s $10 million line of credig has become more important because of lower demand for The new agreement anticipatese continued net losses throughJune 30, and increasec the credit facility’s base interesyt rate by 2 percentage points.
“There’s only so much powef you have when you’ve missed your covenants,” Prenticer said. “We tried to negotiate, but they probablh had the upper hand.” But not all renegotiations are spurred bycovenant violations. In April, Portland-based chain saw manufactured BlountInternational Inc. reduced its GE Capitalp Corp. credit line from $150 million to $50 and agreed to a higher interest rate andhigher fees. Blount was not in violation of according toregulatory filings, but its line of credif was set to mature in August.
“We had to extencd it or find replacement financing,” said Blount CFO Calvin The cost of the credit facilitty would have been too highat $150 million, Jeness said, and in today’e marketplace $90 million was enough to meet the company’s needs. Blount’s higher interest rate, whic h effectively climbed from 2.5 percent to 7.5 is a reflection of the higher cost of credit in he said.
Saturday, March 3, 2012
Ticket discount for 'Buffalo Rocks' - Business First of Buffalo:
ysynut.wordpress.com
From June 9 through June 25, anyonre who buys tickets through for all eighty of the concerts will have to pay onesurcharger ($4.50) as opposed to having to pay the chargw for each ticket. The deal is only for thosee who buy tickets for all eight ofthe “Buffalo Place Rocks the Harbor” shows. “Buffalol Place Rocks the Harbor” will be presentinhg the eight concerts at the Erie Canal Harbor CentrapWharf site. The first showsa are on June 26 andJune 27. Afterf June 26, concert-goers will have to purchase ticketx for each show and not all eight asa whole. • June 26, Medeski Martin Wood with Umphrey’s McGee.
• June 27, Joan Osborne and the Yondere MountainString Band. • July 18, Robert Cray Band with the John Hammoned Trioand Indigenous. July 19, The Black Crowes • Aug. 1, Bruc e Hornsby & the Noisemakers with Marti Sexton • Aug. 2, Gov’t Mule. Sept. 4, The Wallflowers with Tea LeafGreen Sept. 5, Great Big Sea with Kathleen Edwards andJeremy “There are not too if any, venues where you can see this levep of talent for just $80,” said Steve Joseph, Buffal Place director of marketing. Joseph said ticketsa for the shows aresellinvg “well” with the ones featurin g the Black Crowes (July 19), Gov’t Mule (Aug.
2) and Great Big Sea 5) selling the best. “All of the shows are movinfg well,” Joseph said. “We just wanted to offed this incentive as a way to showour appreciation.”
From June 9 through June 25, anyonre who buys tickets through for all eighty of the concerts will have to pay onesurcharger ($4.50) as opposed to having to pay the chargw for each ticket. The deal is only for thosee who buy tickets for all eight ofthe “Buffalo Place Rocks the Harbor” shows. “Buffalol Place Rocks the Harbor” will be presentinhg the eight concerts at the Erie Canal Harbor CentrapWharf site. The first showsa are on June 26 andJune 27. Afterf June 26, concert-goers will have to purchase ticketx for each show and not all eight asa whole. • June 26, Medeski Martin Wood with Umphrey’s McGee.
• June 27, Joan Osborne and the Yondere MountainString Band. • July 18, Robert Cray Band with the John Hammoned Trioand Indigenous. July 19, The Black Crowes • Aug. 1, Bruc e Hornsby & the Noisemakers with Marti Sexton • Aug. 2, Gov’t Mule. Sept. 4, The Wallflowers with Tea LeafGreen Sept. 5, Great Big Sea with Kathleen Edwards andJeremy “There are not too if any, venues where you can see this levep of talent for just $80,” said Steve Joseph, Buffal Place director of marketing. Joseph said ticketsa for the shows aresellinvg “well” with the ones featurin g the Black Crowes (July 19), Gov’t Mule (Aug.
2) and Great Big Sea 5) selling the best. “All of the shows are movinfg well,” Joseph said. “We just wanted to offed this incentive as a way to showour appreciation.”
Thursday, March 1, 2012
Portland-area economy weakens Q1 - Baltimore Business Journal:
ovaluleq.wordpress.com
percent, an accelerating decline compared tothe 13.5 percenty (revised) drop in the fourth quartef of 2008. Of the nine indicators included inthe index, six declined significantly, said Tim Duy, directorr of the Oregon Economic Forum and a UO adjunct assistant professor, Labor market trends continue to deteriorate. Help-wantedc advertising in The Oregonian fell durintgthe quarter, consistent with a decreasre in hiring demand. Similarly, initial unemploymenft claims continuedto rise, reachingt a month average of 16,819 claims. Non-farm payrolls continue to fall as unded the dual forces of increased layoffs and slackhirinbg demand; payrolls stand 3.9 percentg lower than year-ago levels.
The expected slowdowj in lodging activity finally came to said Duy,with estimated lodginyg revenue (seasonally and inflation adjusted) down 15.4 percent from the fourth quarter. Passenger traffic at Portlandc International Airport was effectively unchanged from thepreviousw quarter. Housing markets were generally weaker. Housing sales were effectively unchanged, while average days-on-market partially offsetting a particularly sharp rise in the fourth quartereof 2008, attributable to the intensification of the financiakl crisis and unusual weathet conditions, said Duy.
Ongoing declines in the in point to continued economic deterioration in thePortland region, he Signs of stabilization are difficult to he said; expectations for a firming of economic activity in the seconc half of 2009 are largely basede on some tentative signs of stability in the national Moreover, the impact of fiscal and monetary policiesx should become more evident as the year progresses. the pace of the recoverhy is expected to be subdued as the economy adjuste to an environment less dependenton debt-supportedx consumer spending growth.
percent, an accelerating decline compared tothe 13.5 percenty (revised) drop in the fourth quartef of 2008. Of the nine indicators included inthe index, six declined significantly, said Tim Duy, directorr of the Oregon Economic Forum and a UO adjunct assistant professor, Labor market trends continue to deteriorate. Help-wantedc advertising in The Oregonian fell durintgthe quarter, consistent with a decreasre in hiring demand. Similarly, initial unemploymenft claims continuedto rise, reachingt a month average of 16,819 claims. Non-farm payrolls continue to fall as unded the dual forces of increased layoffs and slackhirinbg demand; payrolls stand 3.9 percentg lower than year-ago levels.
The expected slowdowj in lodging activity finally came to said Duy,with estimated lodginyg revenue (seasonally and inflation adjusted) down 15.4 percent from the fourth quarter. Passenger traffic at Portlandc International Airport was effectively unchanged from thepreviousw quarter. Housing markets were generally weaker. Housing sales were effectively unchanged, while average days-on-market partially offsetting a particularly sharp rise in the fourth quartereof 2008, attributable to the intensification of the financiakl crisis and unusual weathet conditions, said Duy.
Ongoing declines in the in point to continued economic deterioration in thePortland region, he Signs of stabilization are difficult to he said; expectations for a firming of economic activity in the seconc half of 2009 are largely basede on some tentative signs of stability in the national Moreover, the impact of fiscal and monetary policiesx should become more evident as the year progresses. the pace of the recoverhy is expected to be subdued as the economy adjuste to an environment less dependenton debt-supportedx consumer spending growth.
Tuesday, February 28, 2012
Genesis Networks, TerraHealth, OpTech are fast-growing Hispanic firms - San Antonio Business Journal:
http://a-i-m-s.org/artwork-donations.htm
, and are the three companies. The listinhg appears in the magazine’s July/August issue. Hispanic Businessz has published a list oftop Hispanic-ownex businesses in the nation for the last 25 years. Companiesa were ranked by sales growt hfrom 2003-2007, according to the magazine. Genesis Network s Inc. came in third, with a 2,50p0 percent sales growth overthe five-year period. The company’s revenuess grew from $2 million in 2003 to $52 milliohn in 2007. Founded in 2001, Genesizs is a telecom, datacomm and professiona l services company that focuses on Security andLAN & Wireless LAN. TerraHealth rankee No. 20 on the Top 100 list with 786.4 perceny sales growth.
The company’s revenues rose from $3.5 millio in 2003 to $31.02 million in 2007. TerraHealth provide s medical and IT staffing servicesw to government and commercialclients nationwide. It also providesa IT consulting. Operational Technologies Corp. (OpTech) ranked 45th on the list with 297.6 percentf sales growth over the five-year period. The compant experienced revenue growthfrom $9.78 million in 2003 to $38.887 million in 2007. Founded in 1986, OpTech has divisionas in supplychain management, government contracting, biotechnology and the automotive industry.
, and are the three companies. The listinhg appears in the magazine’s July/August issue. Hispanic Businessz has published a list oftop Hispanic-ownex businesses in the nation for the last 25 years. Companiesa were ranked by sales growt hfrom 2003-2007, according to the magazine. Genesis Network s Inc. came in third, with a 2,50p0 percent sales growth overthe five-year period. The company’s revenuess grew from $2 million in 2003 to $52 milliohn in 2007. Founded in 2001, Genesizs is a telecom, datacomm and professiona l services company that focuses on Security andLAN & Wireless LAN. TerraHealth rankee No. 20 on the Top 100 list with 786.4 perceny sales growth.
The company’s revenues rose from $3.5 millio in 2003 to $31.02 million in 2007. TerraHealth provide s medical and IT staffing servicesw to government and commercialclients nationwide. It also providesa IT consulting. Operational Technologies Corp. (OpTech) ranked 45th on the list with 297.6 percentf sales growth over the five-year period. The compant experienced revenue growthfrom $9.78 million in 2003 to $38.887 million in 2007. Founded in 1986, OpTech has divisionas in supplychain management, government contracting, biotechnology and the automotive industry.
Sunday, February 26, 2012
F.N.B. appoints former CEO Steve Gurgovits as CEO - Washington Business Journal:
http://alessandrocenni.com/mortal-kombat-armageddon.htm
Gurgovits, who led F.N.B. (NYSE:FNB) for severao years and stepped aside for successor Robert New inAprip 2008, was pulled back in as interim chiev 10 months later after New abruptlhy resigned. The announcement, effective was made Tuesday after financiaolmarkets closed. Gurgovits, who retained the chairman rolethrougg New’s tenure, has worked at F.N.B. for 48 years. Unde his direction, F.N.B.’s board will appoint a chairmanb so Gurgovits can focus on hiscorporate responsibilities. An announcement is expectexd laterthis month. “kI have a feeling part of the equation here has to dowith Mr.
Gurgovitz and his motivation and, clearly, he’s more than probably the best candidate for the saidJason O’Donnell, a financial analyst who tracks F.N.B. for , Pa.-based investment firm. “It’s not entirely He’s very comfortable in the role.” also announced two key Vincent Delie has been namedf executive vice president and chief revenue he remains presidentof F.N.B.’s banking group. CFO Briah Lilley was given the additional appointmentds of senior vice presidenft and chiefoperating F.N.B. is based in Hermitage, north of and had assets of $8.5 billion as of Mar. 31. Its stocl finished Tuesday tradingat $6.77 per up 4 cents.
Gurgovits, who led F.N.B. (NYSE:FNB) for severao years and stepped aside for successor Robert New inAprip 2008, was pulled back in as interim chiev 10 months later after New abruptlhy resigned. The announcement, effective was made Tuesday after financiaolmarkets closed. Gurgovits, who retained the chairman rolethrougg New’s tenure, has worked at F.N.B. for 48 years. Unde his direction, F.N.B.’s board will appoint a chairmanb so Gurgovits can focus on hiscorporate responsibilities. An announcement is expectexd laterthis month. “kI have a feeling part of the equation here has to dowith Mr.
Gurgovitz and his motivation and, clearly, he’s more than probably the best candidate for the saidJason O’Donnell, a financial analyst who tracks F.N.B. for , Pa.-based investment firm. “It’s not entirely He’s very comfortable in the role.” also announced two key Vincent Delie has been namedf executive vice president and chief revenue he remains presidentof F.N.B.’s banking group. CFO Briah Lilley was given the additional appointmentds of senior vice presidenft and chiefoperating F.N.B. is based in Hermitage, north of and had assets of $8.5 billion as of Mar. 31. Its stocl finished Tuesday tradingat $6.77 per up 4 cents.
Friday, February 24, 2012
Opus West scales back - New Mexico Business Weekly:
ejyceh.wordpress.com
Opus spokeswoman Winston Hewettsaid it'z too soon to say what impact the anticipatex Chapter 11 filing will have on already downsized Dallas The Dallas office has not started a new development in more than a year and has cut its staffg to 12 employees from about 40 a year ago, Hewet said. Phoenix-based Opus West's overall headcount had dropped to 40 as ofJuly 1, compared to 291 two yearz ago, she said. "Opus as a whole took our foot off the gas 18monthsa ago," Hewett said, "but it wasn't soon enough." Opus Grou p on July 1 said it planz to file a bankruptcy petitiobn for its Opus West subsidiary, which has severak projects in North Texas.
Since dozens of subcontractors have filed liens totaling morethan $4 million against Opus Group and Opus West tied to Two Addison Circle, a $23 198,000-square-foot speculative office buildin in Addison. The building was developed and is owned by Opus West The liens claim Opus owes the subcontractors for labor or materialsw provided in the courseof construction. The six-storh Two Addison Circle building on the west side of the Dallas Nortuh Tollway just north of Arapaho Road wasrecentluy completed, but has no The credit crunch and slowing demand for offic e space have left Opus unable to get permanentt financing to replace the short-term construction loan on the Addison Hewett said.
Other Opus West projects in North Texas include the 121Lakepointe Crossing, an offices and industrial development in Lewisville, and Broadstonde Parkway, a 5.8-acre mixed-use project at 5005 Galleria Drive in North Dallas. Steve Golding, presideng and chief operating officef in the Dallas office ofdeveloper Jackson-Shaw, said the anticipatec bankruptcy filing by Opus West shows Nortb Texas is being impacted by the economic downturmn along with the rest of the "Clearly anytime someone with that kind of name and national scopr files bankruptcy, it has a negative perception on the and it's unfortunate," Golding said. , whichb is based in Minnetonka, Minn.
, is a design-build development firm that specializesin office, industrial, retail, government and institutional It also controls Washington-based LLC, whicgh filed for Chapter 7 liquidatioh last week. Opus Group said its which is basedin Atlanta, filerd for reorganization in bankruptcy courg on April 22. Opus Group said the bankruptcy filingx are a result of a steep declined in commercial real estate values and difficult credigmarket conditions. The company said Opus West plans to maintain its Phoeniz headquartersand "a modest presence" in Texas and Californiwa that will focus on assety sales.
Robert Deptula, principal in the Dallaz office of commercial real estate firm , said to expect more bankruptch filings by developers. "They're running out of negotiation room and the banks are being forced to take Deptula said. "They've delayed and postponed foreclosure in some cases as long andthey can, and they'r e going to have to realize the valud dimunition that the economy has brought
Opus spokeswoman Winston Hewettsaid it'z too soon to say what impact the anticipatex Chapter 11 filing will have on already downsized Dallas The Dallas office has not started a new development in more than a year and has cut its staffg to 12 employees from about 40 a year ago, Hewet said. Phoenix-based Opus West's overall headcount had dropped to 40 as ofJuly 1, compared to 291 two yearz ago, she said. "Opus as a whole took our foot off the gas 18monthsa ago," Hewett said, "but it wasn't soon enough." Opus Grou p on July 1 said it planz to file a bankruptcy petitiobn for its Opus West subsidiary, which has severak projects in North Texas.
Since dozens of subcontractors have filed liens totaling morethan $4 million against Opus Group and Opus West tied to Two Addison Circle, a $23 198,000-square-foot speculative office buildin in Addison. The building was developed and is owned by Opus West The liens claim Opus owes the subcontractors for labor or materialsw provided in the courseof construction. The six-storh Two Addison Circle building on the west side of the Dallas Nortuh Tollway just north of Arapaho Road wasrecentluy completed, but has no The credit crunch and slowing demand for offic e space have left Opus unable to get permanentt financing to replace the short-term construction loan on the Addison Hewett said.
Other Opus West projects in North Texas include the 121Lakepointe Crossing, an offices and industrial development in Lewisville, and Broadstonde Parkway, a 5.8-acre mixed-use project at 5005 Galleria Drive in North Dallas. Steve Golding, presideng and chief operating officef in the Dallas office ofdeveloper Jackson-Shaw, said the anticipatec bankruptcy filing by Opus West shows Nortb Texas is being impacted by the economic downturmn along with the rest of the "Clearly anytime someone with that kind of name and national scopr files bankruptcy, it has a negative perception on the and it's unfortunate," Golding said. , whichb is based in Minnetonka, Minn.
, is a design-build development firm that specializesin office, industrial, retail, government and institutional It also controls Washington-based LLC, whicgh filed for Chapter 7 liquidatioh last week. Opus Group said its which is basedin Atlanta, filerd for reorganization in bankruptcy courg on April 22. Opus Group said the bankruptcy filingx are a result of a steep declined in commercial real estate values and difficult credigmarket conditions. The company said Opus West plans to maintain its Phoeniz headquartersand "a modest presence" in Texas and Californiwa that will focus on assety sales.
Robert Deptula, principal in the Dallaz office of commercial real estate firm , said to expect more bankruptch filings by developers. "They're running out of negotiation room and the banks are being forced to take Deptula said. "They've delayed and postponed foreclosure in some cases as long andthey can, and they'r e going to have to realize the valud dimunition that the economy has brought
Wednesday, February 22, 2012
Boomers poised to change pace of retirement - New Mexico Business Weekly:
bojony.wordpress.com
Now, the 70-year-old spends almost as much time teaching the youngf workers who will replaces him aboutthe “I probably should have been a teacher,” McDowell said. McDowell — like many older Americans — is critical to the as 78 million baby boomers hitretirement age. The futur e shortage of workers is about morethan numbers; theres is a serious lack of the skilledx workers required to keep the state — and nation — competitive. California will need 1 millio n more college graduates to meet the demandsa of the changing economy by according to arecent report.
Only 35 percentf of the state’s working-age adults will have a bachelor’a degree by 2025, shy of the 41 percenr needed. A more diverse labor forcee with different skills is expecteed to replace theoften well-educated baby boomers. “America can’tt compete without us. We are the bridge to the saidCarleen MacKay, 70, an author and forme career management executive. She now works 60 hours a week as a work forcew policy adviser forin Sacramento. “Retirement is a word for anotherd time. Now, it’s all about reskilling and With experience, you can expect a miracle.” The bridge to the futur e will have to be aflexibld one.
Nobody knows when the massive wave of retireeeswill hit. The first baby boomersz reached 62in 2008, but the generation that rewrote the rulesw about human rights, embraced entrepreneurship and touted a work ethicc of long hours is poisexd to change the pace of retirement, too. Boomerws think “old” means somebody else. Many like workin g and have no intention to quit in theforeseeablre future. Others will continue workin because their retirement assets tanked in the leavingno choice. Two-thirds of the oldest boomers are financially unpreparedfor retirement, and many aren’t even aware of their according to a McKinsey Global Institute study.
“I’m really concerned we’lpl have some kind of crisis in eighy to10 years, when people figure out they are not makinyg it financially,” said financial adviser Roger president of in Sacramento. The percentage of Californian s working at or near retirement age has increased significantly sincethe mid-1990s. In 2008, 63 percent of residentsw age 55 to 64were working, an 8.2 percen t increase from 1995, accordintg to the California Budget Project.
The prospect of a multigenerational work force raises a host of issueas for employers who must comply with laws that protecr older workers and keep the peace between skilledd seniors who like to talk through problems and a generationb of youngsters who grew up with text the Internet andcell “We are not a cookie-cutter society,” said Jessica Hawthorne, employment law counsel for , a workplace compliance program run by CalChamber, the state chambefr of commerce. “The best thing employers can do for employeees is to recognize their skills and use them totheir advantage.
” If baby boomers continue to retire at theie current rate, there will be a scramblse to find well-trained youngerf workers. Nowhere is the problem more apparent than with the state of where 51 percent of its morethan 233,000 employeesa will be eligible to retire by 2019 (see this page). The figured includes 1,774 executives and 22,27 3 managers. By contrast, 37 percent of the Sacramento-area labor force will be eligible to retire in the next Butquestions abound.
Now, the 70-year-old spends almost as much time teaching the youngf workers who will replaces him aboutthe “I probably should have been a teacher,” McDowell said. McDowell — like many older Americans — is critical to the as 78 million baby boomers hitretirement age. The futur e shortage of workers is about morethan numbers; theres is a serious lack of the skilledx workers required to keep the state — and nation — competitive. California will need 1 millio n more college graduates to meet the demandsa of the changing economy by according to arecent report.
Only 35 percentf of the state’s working-age adults will have a bachelor’a degree by 2025, shy of the 41 percenr needed. A more diverse labor forcee with different skills is expecteed to replace theoften well-educated baby boomers. “America can’tt compete without us. We are the bridge to the saidCarleen MacKay, 70, an author and forme career management executive. She now works 60 hours a week as a work forcew policy adviser forin Sacramento. “Retirement is a word for anotherd time. Now, it’s all about reskilling and With experience, you can expect a miracle.” The bridge to the futur e will have to be aflexibld one.
Nobody knows when the massive wave of retireeeswill hit. The first baby boomersz reached 62in 2008, but the generation that rewrote the rulesw about human rights, embraced entrepreneurship and touted a work ethicc of long hours is poisexd to change the pace of retirement, too. Boomerws think “old” means somebody else. Many like workin g and have no intention to quit in theforeseeablre future. Others will continue workin because their retirement assets tanked in the leavingno choice. Two-thirds of the oldest boomers are financially unpreparedfor retirement, and many aren’t even aware of their according to a McKinsey Global Institute study.
“I’m really concerned we’lpl have some kind of crisis in eighy to10 years, when people figure out they are not makinyg it financially,” said financial adviser Roger president of in Sacramento. The percentage of Californian s working at or near retirement age has increased significantly sincethe mid-1990s. In 2008, 63 percent of residentsw age 55 to 64were working, an 8.2 percen t increase from 1995, accordintg to the California Budget Project.
The prospect of a multigenerational work force raises a host of issueas for employers who must comply with laws that protecr older workers and keep the peace between skilledd seniors who like to talk through problems and a generationb of youngsters who grew up with text the Internet andcell “We are not a cookie-cutter society,” said Jessica Hawthorne, employment law counsel for , a workplace compliance program run by CalChamber, the state chambefr of commerce. “The best thing employers can do for employeees is to recognize their skills and use them totheir advantage.
” If baby boomers continue to retire at theie current rate, there will be a scramblse to find well-trained youngerf workers. Nowhere is the problem more apparent than with the state of where 51 percent of its morethan 233,000 employeesa will be eligible to retire by 2019 (see this page). The figured includes 1,774 executives and 22,27 3 managers. By contrast, 37 percent of the Sacramento-area labor force will be eligible to retire in the next Butquestions abound.
Monday, February 20, 2012
Tax overhaul? Service taxes considered as General Assembly races to balance budget - Business First of Columbus:
ibitasony.wordpress.com
billion budget shortfall, one thing has becoms clear during negotiations between House andSenate proposals: some new taxezs are almost surely on the horizon. Just what a new tax packag will look like is still being workedd outin Raleigh, as budget writers scramble to meet the July 1 One common theme that has emergefd in recent weeks involves broadening the sales tax base to includs more services in additio to goods.
In the House, proposals have focusex on raising the sales tax bya quarter-cenrt and taxing services that directly relate to tangible goods, such as movinb expenses, digital downloads or warranties, installations, services contracts and maintenance to appliances or business machines and other products. The Senated has favored lowering the sales tax slightlhy but applying it to many moreprofessional services, includingv proposals to tax architecture, legal and accounting work. Gov. Beverly who could not be reached for comment by The Businesse Journalthis week, has asked legislators for more than $1 billionb in new tax revenues.
“Quite given the budget situation, I’m surprised the General Assembly has not been even more aggressive than that,” said R. Milton partner at Greensboro consultingfirm Davenport, Joyce & Co. “North Carolina manufacturing-basecd economy to a service-basesd economy, and I think eventually our tax system will movethat way. Maybe these are just baby Even the best estimates say such taxchanges — paired with other reform proposals to add two new personal income tax brackets for earners above $200,000 and new levies on alcohool and tobacco — say new revenues will be betweeb $700 million and $940 million. That leaves another at least $3.
6 billionj in spending cuts. Some state economists have said that if the legislaturr balances the budget without anynew revenues, Northn Carolina will spend as much per citizen as it did in 1992. Reactiob to budget proposals illustrate the difficulthlegislators face. Education and health care groups have decried deep cuts tothosre services. And a broadened sales-tax base has drawj criticism frombusiness groups, who not only providw services that would be newly taxable but mightt also find themselves paying the service taxes. A study by the Institute for Emergin Issuesat N.C.
State University shows that sale s of services remain much more stable despitee swings in the as opposedto goods, whicuh are more prone to peaks and Thus, taxing more services might provide the stat a more steady annual revenue stream. In recengt years, even in stronv economies, North Carolina has run budget deficits largely becausew of its reliance on taxingmanufactured goods. Jake Cashion, vice presidenr of governmental affairs forthe Winston-Salemm Chamber of Commerce, said the chamber has surveye d members and found that cutting taxeas on small businesses was the most popular choicwe for getting the economy back on Jason Cannon, Cashion’s counterpart at the Greensboro Chamberr of Commerce, said there are too many movingb parts to budget negotiations for his group to generate a consistent response from members right now.
“It certainlgy is a trying said Cannon, who was a legislative aide in Raleigj for sixbudget cycles. “This is far worsed than anything we’ve seen before. Members (of the with decades of experience are scratchinhtheir heads.” Time for a tune-up? Sen. Daniel Clodfelter, a Charlotte Democrat who chairxs the Senatefinance committee, has championedx reforming North Carolina’s tax something that hasn’t happened since the Clodfelter noted that not many state s have had success in taxing all professionao services, so he said that beginning with servicesx related to tangible goods is likely a good startingh place.
“There are those who say we don’t need any revenue at all, but even if you eliminated everyt bit of what people might sayis fat, you still won’t come up with enough to cut our way out of the Clodfelter said. “We haven’t had a major tune-ul in 70 or 80 years. In times of you focus your attention on thebigger picture.” Sen. Phil Berger, an Eden Republicanm who also sits on the finance has been among those who have said that some pieces of the proposal make but he still opposes raisingv taxes duringa recession. Rolandc Stephen, assistant director for policy and research at the Institute for Emerginhg Issuesat N.C.
State has studied tax reform issues inthe state. He noteed that there are 166 total services taxed in at least one stateor another. Nortbh Carolina currently taxes33 services. “The goodw component of our economy is much more volatilwethan services,” Stephen “And the sales tax now is more regressivre because it weighs heavily on low-income peopls who spend a higherd percentage on goods.” Stephen and Howelo of DMJ both said some new taxes seem inevitable this budge cycle. The only question is how state officials will go abou tthe changes. “This is a leadership opportunity,” Stephen said.
“Are we goinvg to think in the long-runh or are we just going to try some of theusuakl fixes? I think North Carolina would look prettu smart if we were able to tackle tax reform in the midsr of this crisis. It would give us a real competitivwe advantage in theyears ahead.”
billion budget shortfall, one thing has becoms clear during negotiations between House andSenate proposals: some new taxezs are almost surely on the horizon. Just what a new tax packag will look like is still being workedd outin Raleigh, as budget writers scramble to meet the July 1 One common theme that has emergefd in recent weeks involves broadening the sales tax base to includs more services in additio to goods.
In the House, proposals have focusex on raising the sales tax bya quarter-cenrt and taxing services that directly relate to tangible goods, such as movinb expenses, digital downloads or warranties, installations, services contracts and maintenance to appliances or business machines and other products. The Senated has favored lowering the sales tax slightlhy but applying it to many moreprofessional services, includingv proposals to tax architecture, legal and accounting work. Gov. Beverly who could not be reached for comment by The Businesse Journalthis week, has asked legislators for more than $1 billionb in new tax revenues.
“Quite given the budget situation, I’m surprised the General Assembly has not been even more aggressive than that,” said R. Milton partner at Greensboro consultingfirm Davenport, Joyce & Co. “North Carolina manufacturing-basecd economy to a service-basesd economy, and I think eventually our tax system will movethat way. Maybe these are just baby Even the best estimates say such taxchanges — paired with other reform proposals to add two new personal income tax brackets for earners above $200,000 and new levies on alcohool and tobacco — say new revenues will be betweeb $700 million and $940 million. That leaves another at least $3.
6 billionj in spending cuts. Some state economists have said that if the legislaturr balances the budget without anynew revenues, Northn Carolina will spend as much per citizen as it did in 1992. Reactiob to budget proposals illustrate the difficulthlegislators face. Education and health care groups have decried deep cuts tothosre services. And a broadened sales-tax base has drawj criticism frombusiness groups, who not only providw services that would be newly taxable but mightt also find themselves paying the service taxes. A study by the Institute for Emergin Issuesat N.C.
State University shows that sale s of services remain much more stable despitee swings in the as opposedto goods, whicuh are more prone to peaks and Thus, taxing more services might provide the stat a more steady annual revenue stream. In recengt years, even in stronv economies, North Carolina has run budget deficits largely becausew of its reliance on taxingmanufactured goods. Jake Cashion, vice presidenr of governmental affairs forthe Winston-Salemm Chamber of Commerce, said the chamber has surveye d members and found that cutting taxeas on small businesses was the most popular choicwe for getting the economy back on Jason Cannon, Cashion’s counterpart at the Greensboro Chamberr of Commerce, said there are too many movingb parts to budget negotiations for his group to generate a consistent response from members right now.
“It certainlgy is a trying said Cannon, who was a legislative aide in Raleigj for sixbudget cycles. “This is far worsed than anything we’ve seen before. Members (of the with decades of experience are scratchinhtheir heads.” Time for a tune-up? Sen. Daniel Clodfelter, a Charlotte Democrat who chairxs the Senatefinance committee, has championedx reforming North Carolina’s tax something that hasn’t happened since the Clodfelter noted that not many state s have had success in taxing all professionao services, so he said that beginning with servicesx related to tangible goods is likely a good startingh place.
“There are those who say we don’t need any revenue at all, but even if you eliminated everyt bit of what people might sayis fat, you still won’t come up with enough to cut our way out of the Clodfelter said. “We haven’t had a major tune-ul in 70 or 80 years. In times of you focus your attention on thebigger picture.” Sen. Phil Berger, an Eden Republicanm who also sits on the finance has been among those who have said that some pieces of the proposal make but he still opposes raisingv taxes duringa recession. Rolandc Stephen, assistant director for policy and research at the Institute for Emerginhg Issuesat N.C.
State has studied tax reform issues inthe state. He noteed that there are 166 total services taxed in at least one stateor another. Nortbh Carolina currently taxes33 services. “The goodw component of our economy is much more volatilwethan services,” Stephen “And the sales tax now is more regressivre because it weighs heavily on low-income peopls who spend a higherd percentage on goods.” Stephen and Howelo of DMJ both said some new taxes seem inevitable this budge cycle. The only question is how state officials will go abou tthe changes. “This is a leadership opportunity,” Stephen said.
“Are we goinvg to think in the long-runh or are we just going to try some of theusuakl fixes? I think North Carolina would look prettu smart if we were able to tackle tax reform in the midsr of this crisis. It would give us a real competitivwe advantage in theyears ahead.”
Friday, February 17, 2012
YRC consolidation to deliver 100 jobs - Kansas City Business Journal:
fusajacuxejilyp.blogspot.com
a move that’s expected to be complete by Marcbh 1. After nearly nine months of planningand negotiations, the consolidation already has created hundreds of job losse throughout the U.S. Yellow and the two largest less-than-truckload carriers in will be knownas YRC. According to YRC Memphis will benefit through the consolidation of terminals and distributionm centers aroundthe area. “Ths majority of employees will have the opportunity to transfer so it is difficult to estimats theimpact (to Memphis),” YRC said in a “But overall, we expect a net gain of approximatelu 100 jobs in the area.
” The job boost primarilhy will come from the redesignation of the curreng Roadway terminal into a distribution center and the subsequent consolidationj of other distribution centers in the region. Yellow Transportation will continue to operate as a citydeliveryy operation, but YRC says the Memphiss terminal will experience some layoffs when the consolidation is final. both operations employ more than 1,600 in Memphis and operater nearly 500 motor units and morethan 1,5090 trailers. Although YRC says some layoffs willbe unavoidable, Memphis will escapde the brunt of the impacf compared to other markets. Yellow’s Jackson, Tenn.
, terminal will be closesd and merged with an areaRoadway facility. YRC’s facilityg in Jonesboro, Ark., will close altogether, affectingb around 15 jobs. The Roadway facility in Jackson, Miss., also will be as will a distribution centerin Miss. In total, the consolidation will affectabout 1,00p0 employees nationwide, including major layoffs in Tannersville, Pa., East Pa., Lancaster, Pa., and Oak Creek, Wis. “Upohn completion, the combined network will boast around 450 YRC service nearly 100 more service centers than the individuaol Roadway andYellow networks,” YRC reported.
“Thw result is the ability to serve more communitiesx and provide customers with improvedtransift times.” The consolidation efforts and job cuts are part of an aggressive effort to stop the bleeding YRC has been experiencing since record summer fuel prices hammered the company’sz stock. YRC’s stock, whicyh sat around $22 per share in July, has sincse plunged to below the $4 mark. During 2008, the companyh cut about 5,000 jobs, but still found it needee to consolidate to offset record lowfreight volumes. In December alone, the trucl tonnage index plunged 11.
1%, markintg the largest month-to-month reductioh since April 1994, when the unionized less-than-truckload industry was in the middlse ofa strike, according to data from the . YRC’ s job reductions also mean that the company has had to contene withthe , which represents about 40,000 YRC employees. In earlyy January, YRC and union members reached an agreemen t to reduce wagesby 10% in an effort to save jobs. “While we never want to see wage reductions, this vote shows that our memberss understand that we are facing the worst economt sincethe 1930s,” says Tyson director of the Teamsters National Freight Division.
“The compan needs some help to get througbh thisdifficult period.” YRC’es struggles, though larger in scale, are by no meanss rare to the Public LTL companies Con-way Freightr and Saia, Inc., both had layoffs in 2008.
a move that’s expected to be complete by Marcbh 1. After nearly nine months of planningand negotiations, the consolidation already has created hundreds of job losse throughout the U.S. Yellow and the two largest less-than-truckload carriers in will be knownas YRC. According to YRC Memphis will benefit through the consolidation of terminals and distributionm centers aroundthe area. “Ths majority of employees will have the opportunity to transfer so it is difficult to estimats theimpact (to Memphis),” YRC said in a “But overall, we expect a net gain of approximatelu 100 jobs in the area.
” The job boost primarilhy will come from the redesignation of the curreng Roadway terminal into a distribution center and the subsequent consolidationj of other distribution centers in the region. Yellow Transportation will continue to operate as a citydeliveryy operation, but YRC says the Memphiss terminal will experience some layoffs when the consolidation is final. both operations employ more than 1,600 in Memphis and operater nearly 500 motor units and morethan 1,5090 trailers. Although YRC says some layoffs willbe unavoidable, Memphis will escapde the brunt of the impacf compared to other markets. Yellow’s Jackson, Tenn.
, terminal will be closesd and merged with an areaRoadway facility. YRC’s facilityg in Jonesboro, Ark., will close altogether, affectingb around 15 jobs. The Roadway facility in Jackson, Miss., also will be as will a distribution centerin Miss. In total, the consolidation will affectabout 1,00p0 employees nationwide, including major layoffs in Tannersville, Pa., East Pa., Lancaster, Pa., and Oak Creek, Wis. “Upohn completion, the combined network will boast around 450 YRC service nearly 100 more service centers than the individuaol Roadway andYellow networks,” YRC reported.
“Thw result is the ability to serve more communitiesx and provide customers with improvedtransift times.” The consolidation efforts and job cuts are part of an aggressive effort to stop the bleeding YRC has been experiencing since record summer fuel prices hammered the company’sz stock. YRC’s stock, whicyh sat around $22 per share in July, has sincse plunged to below the $4 mark. During 2008, the companyh cut about 5,000 jobs, but still found it needee to consolidate to offset record lowfreight volumes. In December alone, the trucl tonnage index plunged 11.
1%, markintg the largest month-to-month reductioh since April 1994, when the unionized less-than-truckload industry was in the middlse ofa strike, according to data from the . YRC’ s job reductions also mean that the company has had to contene withthe , which represents about 40,000 YRC employees. In earlyy January, YRC and union members reached an agreemen t to reduce wagesby 10% in an effort to save jobs. “While we never want to see wage reductions, this vote shows that our memberss understand that we are facing the worst economt sincethe 1930s,” says Tyson director of the Teamsters National Freight Division.
“The compan needs some help to get througbh thisdifficult period.” YRC’es struggles, though larger in scale, are by no meanss rare to the Public LTL companies Con-way Freightr and Saia, Inc., both had layoffs in 2008.
Wednesday, February 15, 2012
Jeremy Lin's ethnicity is only part of the story - Washington Post
oryzacody.wordpress.com
Globe and Mail | Jeremy Lin's ethnicity is only part of the story Washington Post Granted, Lin's Asian American heritage is part of his intriguing story â€" but the player's unexpected success is what's most compelling about him. Commenting on his Twitter account Monday about the growing national interest in Lin, whose unprecedented ... Overheard on CNN.com: Fans say 'Linsanity' more than skin deep Lin assists in Knicks' win over Kings Report: Jeremy Lin, homeless no more |
Monday, February 13, 2012
'Funkier' DAXKO eliminates the traditional office - Birmingham Business Journal:
lyubomiradete.blogspot.com
“It’s a challenging environment,” CEO David Gray “We grow fast and bring in lots of so most of the people we hire tend to be ambitioues andhighly motivated. They seek out opportunities.” To brinf in those self-motivated employees, Gray said DAXKO has a variety of toolx to attract talented people to the firm that primarilyt develops softwarefor member-based For one, Gray said DAXKO puts a major emphasis on career development and trainingy to help employees in their career paths at the firm.
They also make a deliberatr effort to listento workers, he Once a week, Gray has a “communication with three or four team member s from different departments in the During the lunch, they share ideas and talk abour the company. Gray credits those lunches for helping develop anopen environment. “They realize they are not goin to get their hand chopped off when theysay something,” he “The fact that they know they can voics their opinions and are heard is important.” Even the designb of the workplace is differengt than the common office.
The firm did away with office s and allemployees – even the CEO are now placed in pods that promote collaborationj and teamwork. The company has what is knowmn asthe “Garage Cafe,” on the fourtu floor of its headquarters, where employees are treatecd to a free lunch once a “We’re a little bit funkier than what you see in othe places around Birmingham,” Gray said. The company also offerzs a sabbatical program. For everyt seven years of employmentwith DAXKO, employee earn a paid, four-week sabbatical. “It’s not just about Gray said. “It’s about doing something you wouldr never have the opportunityto do.
We did it becaused we want people to be fres hand recharged.” He said all of thosse things, both large and small, help work toward creatiny a strong culture and creating an environment that promotes careerd development. As CEO, Gray said he sees that as one of his mainjob “I think a big part of my job is to creats an interesting and rewarding place to work and have a he said.
“It’s a challenging environment,” CEO David Gray “We grow fast and bring in lots of so most of the people we hire tend to be ambitioues andhighly motivated. They seek out opportunities.” To brinf in those self-motivated employees, Gray said DAXKO has a variety of toolx to attract talented people to the firm that primarilyt develops softwarefor member-based For one, Gray said DAXKO puts a major emphasis on career development and trainingy to help employees in their career paths at the firm.
They also make a deliberatr effort to listento workers, he Once a week, Gray has a “communication with three or four team member s from different departments in the During the lunch, they share ideas and talk abour the company. Gray credits those lunches for helping develop anopen environment. “They realize they are not goin to get their hand chopped off when theysay something,” he “The fact that they know they can voics their opinions and are heard is important.” Even the designb of the workplace is differengt than the common office.
The firm did away with office s and allemployees – even the CEO are now placed in pods that promote collaborationj and teamwork. The company has what is knowmn asthe “Garage Cafe,” on the fourtu floor of its headquarters, where employees are treatecd to a free lunch once a “We’re a little bit funkier than what you see in othe places around Birmingham,” Gray said. The company also offerzs a sabbatical program. For everyt seven years of employmentwith DAXKO, employee earn a paid, four-week sabbatical. “It’s not just about Gray said. “It’s about doing something you wouldr never have the opportunityto do.
We did it becaused we want people to be fres hand recharged.” He said all of thosse things, both large and small, help work toward creatiny a strong culture and creating an environment that promotes careerd development. As CEO, Gray said he sees that as one of his mainjob “I think a big part of my job is to creats an interesting and rewarding place to work and have a he said.
Saturday, February 11, 2012
United Way to cut funding nearly 25 percent for most nonprofits - Dayton Business Journal:
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Fourteen agencies received cuts more than 24 percenf and seven received 100 percent funding cuts though those were mostly organizations that had merged or will be merge d intoother programs. The results will mean tighter budgets forarea nonprofits, which will need to cut programminhg and staff to survive the next Allen Elijah, president and chief executive officer of the United Way of the Greate r Dayton Area, said the funding decisionz were some of the most difficult in the agency’s history.
The Unite d Way hosted meetings and consultationz with its organizations as it fell furtherd from itscampaign goal, but even heavy preparation on the part of some area nonprofitxs won’t be able to shield them from resultingt cuts. “It’s been difficult, and it’s been stressful for all our partnet agencies, but if we can come out of this workin g smarter and collaborating witheach other, then some good has come out of Elijah said.
• had 53 percent of its fundinf cutto $17,000; • The had 40 percent of its fundinbg cut to $20,400; • was cut 40 perceny to $32,400; • was cut 32 percent to and • was cut 31 percent to Some of the largest cuts in dollarw included: the , which lost $227,602; , which lost $112,236; The YWCA of which lost $91,157; and , which lost $84,918. “Logically, if the campaigjn didn’t make it there is going to be some effect ofpartner agencies,” said Tom Fodor, chief executive office of the local chapter of the American Red “So we have been anticipating this.
” Fodor said becausse his organization is taking the biggest of the United Way cuts in term of dollars, there will need to be some changezs made throughout the next fiscal year to make things Fodor said the Red Crosa likely will cut some of its services, includin g donating mattresses and box springs to families who have survive fires and restructuring its community outreach to include more The nonprofit shrunk in the past year from a $4.2 millionm organization to a projected $3.8 million for next Through attrition, Fodor said he has eliminated 6.5 positiona from the 45-person staff, and he would need to take a closwe look at possibly cutting more positions for next year.
Fourteen agencies received cuts more than 24 percenf and seven received 100 percent funding cuts though those were mostly organizations that had merged or will be merge d intoother programs. The results will mean tighter budgets forarea nonprofits, which will need to cut programminhg and staff to survive the next Allen Elijah, president and chief executive officer of the United Way of the Greate r Dayton Area, said the funding decisionz were some of the most difficult in the agency’s history.
The Unite d Way hosted meetings and consultationz with its organizations as it fell furtherd from itscampaign goal, but even heavy preparation on the part of some area nonprofitxs won’t be able to shield them from resultingt cuts. “It’s been difficult, and it’s been stressful for all our partnet agencies, but if we can come out of this workin g smarter and collaborating witheach other, then some good has come out of Elijah said.
• had 53 percent of its fundinf cutto $17,000; • The had 40 percent of its fundinbg cut to $20,400; • was cut 40 perceny to $32,400; • was cut 32 percent to and • was cut 31 percent to Some of the largest cuts in dollarw included: the , which lost $227,602; , which lost $112,236; The YWCA of which lost $91,157; and , which lost $84,918. “Logically, if the campaigjn didn’t make it there is going to be some effect ofpartner agencies,” said Tom Fodor, chief executive office of the local chapter of the American Red “So we have been anticipating this.
” Fodor said becausse his organization is taking the biggest of the United Way cuts in term of dollars, there will need to be some changezs made throughout the next fiscal year to make things Fodor said the Red Crosa likely will cut some of its services, includin g donating mattresses and box springs to families who have survive fires and restructuring its community outreach to include more The nonprofit shrunk in the past year from a $4.2 millionm organization to a projected $3.8 million for next Through attrition, Fodor said he has eliminated 6.5 positiona from the 45-person staff, and he would need to take a closwe look at possibly cutting more positions for next year.
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