Tuesday, May 8, 2012

George Schroeder: Nebraska shedding distractions, focusing on meeting expectations - SI.com

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George Schroeder: Nebraska shedding distractions, focusing on meeting expectations

SI.com


Taylor Martinez's progress as a passer will be critical for a Nebraska team that ran the b »

Sunday, May 6, 2012

Nursing students donate testing equipment to local health clinics - Sacramento Business Journal:

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Nikki Love and Rebecca Owen, who are in the college’w nurse practitioner program atthe , raiserd funds through the sale of safetgy kits and baked goods as well as donationss to purchase the two systems, whicyh will benefit low-income and uninsured patients suffering from a varietyy of problems that affect the brain and nervouzs system. “These new upgradese will allow us to offet a higher and more accurate levelof testing,” clinic administratoe Elizabeth Cassin said in a news “We could not have done it without the supporgt of our fellow students,” Owen said.
“It’ss really encouraging and uplifting to know we are working alongsidse health care professionals who have the best interests of the Each one of us wants to make a differencse in the community that we live and work The monitors will be presented Mondat at4 p.m. at Midtowh Medical Center on J Streetin Sacramento.

Saturday, May 5, 2012

Steve Wiehe, CEO, SciQuest - Triangle Business Journal:

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But to understand what drive s Steve Wiehethe businessman, consider anotherf number: 23. That’s the number of pinball machine inhis basement. In college, Wiehr ran a small business providinbg pinball machines tofraternity houses. He’sd been an enthusiast ever Sure, Wiehe enjoys playing a game or two, but he findes greater pleasure in taking apart a brokenh machine andfixing it. “I think that’s why I’m in the job I’ in and that’s why I gravitated toward SciQuest,” he “I like to see how things and I like to fix SciQuest needed a lot of fixingg when Wiehe joinedthe company.
It was founded in the heyday of the 1990s Internet boom to sell equipmentf to scientists via the The companyraised $37.5 million in venturse capital before a 1999 initial public But when the technology bubblw burst, SciQuest’s revenue and stock price Wiehe knew a retoolingh was in order, and he undertookk to engineer one. But first, a little abour him. He grew up in Lexington, Ky., the son of two His father owned a laundromat and rentao properties onthe side, and the youngt boy, who was mechanically inclined, became the Wiehe’s first profitable business venture came while studyingg business at the . The pinball machines business made enough money for him to buy anew car.
Degreesz in accounting, finance and marketing took Wiehdto , where he worked for six years. He then purchasedx a license for Multinational Computer Models financial software and started a company in He sold the company to SunGarc Treasury Systems and worked for SunGard inNew Jersey. But he and his Juliet, did not want to raise their childreb there and decided to relocate to North Carolina. In 1999, Wiehe became CEO of data managementy software company DataFlux in Under Wiehe’s leadership, the companyu was acquired by , and he stayed on with SAS. But Wiehe says he startef looking around because he does not like workin for big companies and wanteranother challenge.
He made inquiried about SciQuest and was hiredin 2001. Ronnie now a manager at SciQuest, was a programmerd when Wiehe took over. Angerer says Wiehre made tough choices incutting costs. But one thinyg that remained from SciQuest’s earlt days was the “scoop meeting,” a quarterly meetinf for all employees. In SciQuest’ss early days, the meeting was more of a socialk event, Angerer says. Wiehe used the gathering for frank discussion aboutfthe company’s standing.
“It was the first time I had seen a financialk sheet ofthe company,” Angerer When Wiehe took over, SciQues t was burning $25 millionn a quarter and had only $65 million in the Everyone knew changes and cuts were But Angerer says he came to realize that Wiehe’se discussion about all aspects of the company was part of his desir e to have a completely open environment. He says that openneszs continues to be a hallmarkkof SciQuest. Wiehe calls it “the rule of Let Wiehe explain: Four years ago during a conferencsin Phoenix, he and othere SciQuest executives went to an Italian restaurant called Buca di Beppo.
It was The only available table was in the loud and busy Wiehe says thatimpressed him, because allowing customers to see the kitche n shows that the restaurant has a high standarxd for cleanliness and quality. “That was one of the rules we startee to put in the business we have anopen kitchen,” he says. Wiehe was open to employeess aboutthe company’s need to change the business model. Instead of sellingf equipment to scientists, the company shiftex to e-procurement software that automates the purchas eof supplies. Universities are the company’s top Government entities turningto e-procurement represenf another growing customer segment.
Wiehe also took the company privatdin 2004. Noel Fenton, a partner at and a membed of SciQuest’s board of directors, has worked with the company’sz founders since its startup days. He says Wiehe’ds turnaround of SciQuest comes in part from recapturing the hunger of ayount startup. “It’s kind of hard to think of SciQuest as a but it’s sort of a restart from when Stevse got there,” Fenton Despite the company’s success so far, Wiehe stil l wants to tinker. “You’re still fixing, but you’ree fixing different things,” he says.
“It’s a different kind of

Thursday, May 3, 2012

Britain's military shows off missiles, carries out tests ahead of 2012 London ... - Washington Post

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BBC News


Britain's military shows off missiles, carries out tests ahead of 2012 London ...

Washington Post


LONDON â€" On a muddy field on the outskirts of London, Britain's military showed off a weapon Thursday it hopes it never has to use. The Rapier surface-to-air missile has the power to take down a Boeing 747 full of passengers if needed to protect a ...


UK Military Shows Off Missiles To Protect Olympics

NPR


Fighter Jets, Missiles Will Protect London Olympic Site

Bloomberg


London carries out tests ahead of Olympics

Fox News



 »

Tuesday, May 1, 2012

Paper industry exec joins Northwestern Mutual board - Atlanta Business Chronicle:

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Balboni previously served as chairman ofNorthwesterb Mutual's policyowners' examining committee, an independent group appointefd each year to take an impartiall and unrestricted look at the company's management and strategic planning. "John's expertise in strategi information technology, as well as his strong management, finance and analytical background, makesx him a solid addition to the NorthwesternMutualo board," said Edward Zore, chairman and chief executivs officer of Northwestern Mutual.
"His career also demonstrates a greag dealof flexibility, a skill that is particularly cruciapl now as all companies find themselves adapting to new Balboni has held various roles over a 21-yeae career with Memphis, Tenn.-based International Paperr (NYSE: IP), the world's largest pape r and packaging company.

Sunday, April 29, 2012

Polaroid sold for $85.9M, losing bidder appeals - Minneapolis / St. Paul Business Journal:

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million. However, the turbulent auction process, whichn has been reopened three may notbe over. Patriarch Parnters, a New York-basesd private-equity firm that won an earlier has already appealed the mostrecenft decision. and on Thursday won a court-supervises auction of Polaroid’s assets, including its intellectual properth andbrand name. Polaroid Corp. was ownec by Minnetonka-based . Petters’ formerf CEO, Tom Petters, has been charged with orchestrating aPonzi scheme. The receiver now controllingf the company moved toauction Polaroid’zs assets several months ago.
Hilco Consumer based in Toronto, and Boston-based Gordonj Brothers Brands have formed joint ventures to buyotherd well-known faltering brands in the past. Brandas acquired by the firms includeLinens ’N Sharper Image and Bombay Brands. Patriarch Partneres again offered to pay the highest price for Polaroidon However, a judge approved the bid by Hilco and Gordon Brothersa at the urging of creditors, sayinf it would offer them more protection.

Saturday, April 28, 2012

Human Capital: People on the move, May 28 - Business Courier of Cincinnati:

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Achbar named executive director of The and Cultur e The New Center for Arts and Culture in Boston appointedd Francine Achbarexecutive director. Prior to this Achbar served asthe organization’s acting directot from June 2005 through January 2007, followingb the resignation of founding director Shoshana Pakciarsz , and has been servinb as the institution’s deputy directot since June 2008. Charles appointed sr. VP of PUMA Norty America , based in appointed Curtis Charles seniof vice president of NorthAmerican sales, overseeintg all sales and sales operations activitiesz for both the PUMA and Tretorn brands.
Prior to his appointmenft to PUMA, Charles was CEO/CMO of Keimistre & LLC , where he oversaa the apparel businessof P.R.P.S and Akademiks. Cannohn Design promotes Spelman toVP ; McDonald returne as associate principal Cannon Design , an architectural, engineerinbg and planning firm with local officesd in Boston, promoted Elizabeth Spelmanj to vice president. Spelman is a project architect and designet with 14 years of experience managing projectsd anddirecting teams. In other news, architect Debi McDonald rejoinedc the firm as an associate principal inthe firm’zs Boston office.
RF Walsh Project Management adds Hicke as project executive RF Walsh Project Management in Bostobn added Paul Hickey as aprojecty executive. Hickey, who is a registereed structural engineer and LEED accredited will initially be supporting the development and advancemenf ofthe UMass-Boston Master Plan .

Thursday, April 26, 2012

Lucy Kincaid is back in compelling 'Silenced' - Jackson Sun

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Lucy Kincaid is back in compelling 'Silenced'

Jackson Sun


"Silenced" (St. Martin's Press), by Allison Brennan: An FBI trainee ends up over her head when she helps investigate a congressional sex scandal in "Silenced," the latest in the Lucy Kincaid series by Allison Brennan. Lucy is rising up the ranks of the ...



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Tuesday, April 24, 2012

Australia Inflation Unexpectedly Slows; Currency Weakens - BusinessWeek

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AFP


Australia Inflation Unexpectedly Slows; Currency Weakens

BusinessWeek


By Michael Heath on April 24, 2012 Australian core consumer prices rose last quarter at the slowest pace since 1998, driving the currency and bond yields lower as investors increased bets the central bank will resume cutting interest rates next week.


Australia Shares F lat As Low Inflation Offsets Europe Worry

W »

Sunday, April 22, 2012

Mariner Holdings, managers buy control of Tortoise Capital Advisors - Kansas City Business Journal:

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The parties will buy the ownershipl stake of and for anundisclosefd amount. Leawood-based Mariner Holdinges will have a 65 percenf stakein Tortoise, and Tortoise managing directors Kevinj Birzer, Zachary Hamel, Ken Malvey, Terrg Matlack and David Schulte will own a 35 percent Terms and financing of the deal weren’y immediately disclosed but will be files at a later date. The acquisition is expecter to close by the end of the third quarter and is subject toregulatory approval. Mariner Chairman and CEO Marty Bicknell said Wednesday thathe doesn’y anticipate significant hurdles in the approval process.
Tortoise Capital Advisorsw is the adviserof (NYSE: TYG), (NYSE: (NYSE: TYN) and (NYSE: As of May 31, Tortoise Capital Advisors had $2 billiob in assets under The agreement leaves the operationj of Tortoise largely unchangede but in Mariner Holdings adds a fast-growing company as an owner. Bicknellp founded the company in 2006 and sinc e has added a variety of wealth service and assetmanagement services, primarily through The Tortoise purchase will give Mariner $3 billioj in assets under management.
Information on the Tortoise Web site states that Fountain Capital Management and Kansad City Equity Partners assisted in the initial funding of Tortoise but have not been activelhy involved inthe business. Fountain recently transferres its ownership stake in Tortoise to a holdinfg companycalled . Kansas City Equitt Partners was a private equity firm that has since wound upits operations.

Friday, April 20, 2012

Crist signs bill to battle securities fraud - Atlanta Business Chronicle:

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During a ceremonial bill signing Monday atthe Miami-Dade County Courthouse, with Attorney General Bill McCollum and some of the bill’z sponsors at his side, signed the Investor Protection Act (HB It gives McCollum’s office, with approvall from the , the authority to investigatee and prosecute large-scale securities scams under the state’as securities law. Previously, white-collar criminaol prosecutions fell under theracketeerinh statute, which is harder to Prosecutions also were limited to the office of the state’s McCollum pointed out.
Crist noted that this kind of authorityh was lacking during his tenure as attorney general and that this law wouldput “teeth” into the state’se prosecutorial powers. The law enhancez the Office ofFinancial Regulation’s enforcement powers by increasint penalties for violators and strengthening the licensew registration requirements for securities dealers. Penalties double from $5,000 to $10,009 as a result of the law, whicj goes into effect Wednesday. State authoritieas will also be able to pursue civil lawsuits to recoverlost money, McCollum McCollum worked with Rep. Tom Grady, R-Naple and Sen. Garrett Richter, R-Naples on the Both attended the signing. Sen.
Dan Gelber, D-Miamu Beach, a bill sponsor, also attended Monday’s ceremony. Gradyy is a securities attorney and experty in securities regulation who drafted the bill and sponsored it inthe “Now the attorney general will have the toolxs to do the job,” said Grady, prior to the “Our economy will grow stronger if investorse have confidence in our financial he said in a statement. “By increasintg the tools available to the state to prosecute violators of our securities we protect investors and foster neededs trust inthe system.

Thursday, April 19, 2012

Nortel Networks to sell stake in joint venture with LG Electronics - Dallas Business Journal:

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Brampton, Ontario-based Nortel said (Pink NRTLQ) LG-Nortel is a standalone business that has not filed forcreditor However, according the company's latestt financial results, the joint venture's revenue in the first quarter fell by two-thirds, to $188 million, from last year as a majorf contract came to an end. LG-Nortel recordesd $341 million in revenue minus expensexs in2008 – a margin of 27 percent, Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has abou 2,000 employees in the Raleigh-Durham area, owns 50 percent, plus one of LG-Nortel. The company did not say how much it hopedx to be paid for its stake in LG-Nortel.
"LG-Nortel is a successful business with an accomplishedleadership team, a culture of a dedicated employee base and a drive to said Mike Zafirovski, Nortel’s president and CEO. "As we work to evaluatew the ultimate path forwarxd for all ofour businesses, this decision will alloq LG-Nortel to embark on the next phase of its journehy and realize its full potential." Nortel says it will file a motionm asking the Ontario Superior Court of Justics to approve a sale process that has been agree d to with LG Electronics and that appointw to help find a buyer. LG Electronic and the Ontario court also must give their OK for any saleof Nortel’sw stake in LG-Nortel.
Nortel in Canada and the United Stateson Jan. 14, a day before the compan y was to makea $107 milliob interest payment on part of Nortel’s more than $1 billionj in debt. he Canadian court has sincde granted Nortel to come up with a satisfactory reorganization Speculation has focused on Nortel selling offone – of its two biggest business unita to improve its balance sheet, but no deal has yet been A one-time cornerstone of Research Triangle Park with 9,000 Raleigh-Durham employees at its peak, Nortel saw its fortunes go downhill when the technology bubblse burst in 2000 and demand steadilyy dried up from phone companies for Nortel’x products.
The company also ran into troublse with an accounting scandal that led to and the resignationz ofthe company’s top including then-CEO Frank Dunn.

Tuesday, April 17, 2012

Intersections on road to improvement - Clarksville Leaf Chronicle

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Intersections on road to improvement

Clarksville Leaf Chronicle


Construction continues on improvements to three intersections on Madison Street and Riverside Drive. The Clarksville Street Department, in conjunction with the Tennessee Department of Transportation, is reworking Riverside and Cumberland Drive, ...



Sunday, April 15, 2012

San Antonio nets another Big 12 soccer championship - Jacksonville Business Journal:

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This will be the 14th consecutivd yearthat , a nonprofi organization, has co-hosted the conferencew championship in San Antonio with the . The 2009 Big 12 Women’s Soccer Championship will be heldon Nov. 4, 6 and 8 at Blossokm Soccer Stadium onthe city’ss Northeast Side. “The Big 12 Conferencr is pleased to extendits long-standinbg relationship with San Antonio Sports in hosting the 2010 Big 12 Soccerr Championship,” says Big 12 Conference Senio r Associate Commissioner Dru Hancock. “San Antonio Sports and the entire city of San Antoniop have been invaluable in helping us grow this premier event over the past13 years.
San Antonio serves as a greaty destination city for our teams and The top eight teams basesd on conference results determined by a poin system qualify for the Big 12 The winner of the tournament receivesthe conference’e automatic bid to the tournament. For more information, visit SanAntonioSports.orbg or call 820-2100.

Friday, April 13, 2012

Wednesday, April 11, 2012

A master of his emotions, Cleveland Indians' Justin Masterson wins even in ... - Plain Dealer

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Plain Dealer


A master of his emotions, Cleveland Indians' Justin Masterson wins even in ...

Plain Dealer


By Bill Livingston, The Plain Dealer View full sizeChuck Crow, The Plain Dealer"I do not like losing," says Justin Masterson after Wednesday loss to the White Sox. "But there are aspects of life, just as there are aspects of baseball, that you can't ...



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Tuesday, April 10, 2012

A conversation with | Alexia Poe, Peritus Public Relations - Kansas City Business Journal:

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What is the most outside-of-the-box idea you have ever had in yourprofessionapl career? I entered the work force as a TV reporterd and thought that would be my career but because I’ve been open to new and interesting opportunities and have take risks, I’ve enjoyed experiences of a What was the result? I’vre worked for a governor, U.S. senator and in the Whitr House for the first lady of theUnites States. It has been one heck of a What single thing makes your organizationstanrd out? Peritus exudes an entrepreneurial spiri that fosters tenacity and creativity. What does your organizatiob have in the worksfor 2009?
To establis h Peritus as a key playe in the public affairs aren in Tennessee. How did you wind up in your currenyt position? By learning as much as I possibly coulr in each jobthat I’ve had whethetr the focus was government relations, community relations or public service. Why do you have the careet you have? I enjoy problem-solving and workintg with people. My communication skillse and instinctsabout people, issues and situations also come in What word best describes your leadership style? Goal yet to be achieved? I’vwe experienced a lot already, so theree isn’t one goal I’m aiming toward.
I always strive to learn more and to be better at what I do whether as a publicfaffairs professional, wife, mother, etc. Professional pet peeve Arrogance and peoplewho don’t listen to What keeps you up at night? Not much. What do you do to relievee stress? Spend time with my husband, Charley, and baby daughter, Ella clean and take long walks. What is the simples thing you never learnedto do? Whistle. Favoritew hobbies? Spending time with my familtyand exercise. What skill would you most like toimprove Patience. Pets? Braddock, 3-year-old Harlequin Great Dane (blaci and white spotted). She weighs 120 pounds and is the sweetesanimal you’ll ever meet.
What trait do you value most in friends? Person outside of your family you would most like to spenxd time with onan island? I’km an only child of divorced parents, so I like alonde time. You’ve just been give $100,000 to donate to charity. Where would you give it, and why? Ther e are so many worthwhiler organizations in Nashvillethat I’d have to do a lot of thinkin g about how to divvy it up, but Fifty Forwards and West End Community Church would certainly be on the What would you like to crosws off your “bucket list” next?
Take a trip to

Sunday, April 8, 2012

Restaurant smoking ban is extinguished - Houston Business Journal:

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Senate Bill 544 made it through the Health and Humaj Services Committee but fell one vote short of getting a full hearing in theTexasx Senate, said Jeremy communications director for Ellis, the bill’s sponsor. With only 12 days left in the legislativs session, Warren says the bill is done for this Totry again, lawmakers will have to revive it at the next session in two years, he Citing the journalists’ shield law that passecd the on its third try, Warren said smoking-ban supporterzs are likely to try “Sometimes a third time is a charm, but for this sessiobn it is no more,” Warren said.
supported the ban, considering it the only meansz to equalize competition among local where some municipalities have enacterd bans and others have left the decisiohn up to restaurant The association in a statementWednesdat said, "The Texas Restaurantt Association is disappointed by the failure of the proposesd statewide smoking ban to pass the . While this issuwe has long been acontentious one, TRA believes that applyinvg a smoking ban across all workplaces and all jurisdictionsd is the only equitabler solution to a growing social concern.
"

Friday, April 6, 2012

Colorado is more than mountains - bizjournals:

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But during the two recessions that havehit since, tourisnm leaders have watched people get more fruga l with travel dollars, and learned a little about their habits. One of theirr key notations is that those who come even in the badtimes — or those who wander across their own state to save money rather than leave it are looking for more than just scenery to make theidr vacations memorable. And so, new phrasesa have permeated both the thinking of thosde leaders and the promotional material thatextols Colorado’s virtuez to travelers. They are terms such as cultural heritage, culinary tourism, and beer and wine tourism.
They’re making a big mark and startiny to diversifythe state’s tourisj landscape. “In the early if it didn’t involve snow or whitewater, it wasn’t really tourism,” said Doug Caskey, executivr director of the . “Now the Tourism Office is involving all kinds ofotherd tourism, such as heritage tourism and agritourisj ... Most people just think about comingv to Coloradoto ski. They don’gt usually think about coming to Colorado to visity a winery or have aculinary vacation.
But that is According to the 2007 Longwoodsd Visitor Profile Study commissionesd bythe , more people still come to the Centenniall State searching for the outdoors than anythinbg else. Mountains are the prime according to 44 percent ofthose surveyed. Wilderness, lakes and the natural environment all ranked in thetop 10. But smal towns, historic towns and histori areas — all hallmarks of cultura heritagetourism — ranked in the top eight as well. Nearly three times as many people visit breweries in Colorado as elsewhere in the United and archaeological-site and historic-culture activitiezs also outpace the national norm, the study noted.
As such, statee officials who flew recentlyto Dallas, Houston and Los Angeles to talk to traveol writers led the discussionsd with mountains, then shiftedd to other highlights, said Kim director, Colorado Tourism Office (CTO). Pitchin g the state now involves mentioning its 73 wineries and 99crafy breweries, its myriad festivals and its three-yea push to establish cultural heritage tours in differentf areas of Colorado, she said. The CTO and also push the nonrecreationa l side of Colorado tourism as it reaches out both to residentsa and nonresidents to tourthe state. Both groupas have set up websites advertising dealz at places ranging from historic homea tolocal cafes.
“I think it’sz easier to promote the state,” McNult said of the diversittyof attractions. “Colorado has so many thingx to do, from a lower-budget-consciou s type of vacation to a more luxurious typeof vacation.” Travelers’ new interests have led to side For example, two wine tour companies have begun operating in Denver. Groupd also have begun that organizee “voluntourism” trips that bring people eitherf into or out of Coloradio to spend vacations helpingg environmental and socialwelfare causes. The growth of choicezs also has meant that tourism officials are advertisingg Colorado in new places to try to hookspecifid travelers.
Jayne Buck, vice president of tourismj forVisit Denver, said the local convention and visitorxs bureau is reaching out more to Hispanidc travelers, and to gay and lesbian travelers, both viewed as growingg tourist segments. Its pitch isn’t any different to these groups than to the populatiobat large, but cities that make an effortg to speak to those groups in publications aimed at them have had rewards, she said. A boomingf cultural heritage or wine industry doesn’t just benefit the proprietors of establishments that fit into thosew categories, noted Bob Witham, co-ownef of in Grand Junction.
Those who come to the state to see one type of site also have to eat in sleep in hotels and probably visit otherd destinations while they areout here, he and otherse said. “A business like ours makeas quite an impact on an individual Witham said. At a time when many businesses and governments are cuttinv back drasticallyon spending, tourism promotion in Colorado has been nicked only After a lengthy debate over whether to cut tax dollare going to a program that will bring in more tax revenues, the Legislatured this year cut only 25 percent of the CTO marketingy budget, leaving it at $15.6 million, McNulty noted.
With that budget, the offic can continue giving grants to develop culturapheritage tours, she said. And it can continue to employ new marketinyg techniques to reach people who just as much like to sip a locallyy made syrah while sauntering through the Snow Goose Festiva as those who come here to schuss downthe slopes. “Wed are blessed to live in a stater that literally has something for McNulty said.

Wednesday, April 4, 2012

Making apps pay - bizjournals:

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Application development is a $7.7 billion market according to a study from informatioj technology research company And the market is only expecteeto grow, with Gartner peggingg an average 7 percent growtg rate for the next five years. Some of the companiess that develop apps aregetting rich, and others are trying to figure out how they can do the “There are a couple of game companies makinhg a hundred million dollars, and many more making tens of milliond of dollars, and there’s no question there’s more to said Jeremy Liew, managing general partner at in Menllo Park. “I would speculate that in the aggregate, they’re making more moneyu than .
” Developers looking to make mone y in application development need one of three things intheire favor: an enormous audience for theidr application, a specific customer base that advertisers are willing to pay more to or an application that is so much fun (or that customers will pay for it Lightspeed has investments in three app development each of which fits into thoswe parameters. Redwood City-based has a huge audience base for its applicationm that allows personalization of blogs and social has an application for Facebook and the iPhonw that allows users to review movies and sharee the reviewswith friends.
It touches an audienced so tightly focused that movie studiozs are willing to pay a premium toreach them. Then therde is and its Facebookapp “Friends For Sale.” User make micropayments or take other actions (filling out surveys, for that result in monetization, or revenuew generated for the company that createcd the app. One concept is true for all apps more traffic equals moremoney potential. “If you can creats massive volumes of traffic onsocial networks, even if you’r e not selling, the reach becomes pretty Liew said.
“If you can tell a stor and generate content thatexcitesw people, (advertisers) are willing to pay a premiumk because of the audience,” he said. Investord and developers themselves say therw is definitely money tobe made, but the market is Early applications were basic, simpl games, such as Facebook apps that allowed usersd to throw sheep at their friends or give them a virtuall ham sandwich. “Throwing sheep at each othe r is not a saidPeter Yared, founder and chief executive officer of , a San Francisco-basedx social network syndication service that raisecd $4.1 million in Seriex A funding in February.
The next step is branded content from largerf companies that brings in news and multimedia to engag ethe audience. And in a few Yared said, people will starr seeing the riseof business-to-business apps as “What will make it pervasive is the infrastructure being builgt out to let people do it he said. Anu Shukla, founder and CEO of which helps developers monetize their applicationse and generates leads foradvertisers — said when networksd such as Facebook first started opening their platforms for applicationj development, the primary method of monetizatiobn was the old CPM (cost per thousand page model. But it didn’yt work well then and it doesn’t work well today.
Sociao media’s high level of engagemenft means banners and ads arean interruption, she The new trend is towarcd “virtual currency,” allowing users to give each othedr credits and prizes. Platforms “are looking for the applicationsd that are extremely and thecriteria isn’t necessarily monetization, but engagement, reach and Shukla said. “We found that some of the ...
multiplayerf role playing games are the ones with the mostengagedr audiences, and they monetize the

Monday, April 2, 2012

Texas solar bill's death could benefit Tennessee - Memphis Business Journal:

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Over the weekend, Texas legislators let the clockk run out on a bill that wouldd have createda $500 million rebat e program to build solar installationd in the Lone Star State. On Tennessee’s Capitolo Hill Monday, Sen. Jim Kyle was quickl to capitalize. “To any company that had an eye on we say come on upto Tennessee,” said D-Memphis, who is sponsoring Gov. Phil Bredesen’es energy bill. Bredesen has proposeds using $600 million in stimulus bill funds and new companiese investing here that will producedsolar components, including in Bradley County and in Those companies were attracted by a package of statee incentives and infrastructure-ready industrial megasites.
“Wesgt Tennessee is well positioned to attract companieas that will bring in 21stcentury jobs. The new energy industry can play a big part in gettingg our local economies back ontheidr feet,” said Sen. Roy D-Dresden, who worked with Finney to get an industrialp megasite inWest Tennessee. Bredesen hoped to position the state as a leader in developing alternativ energy sources as part of his legach asa two-term governor.

Saturday, March 31, 2012

Tiger's return to form is a Masterful one - New York Daily News

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New York Daily News


Tiger's return to form is a Masterful one

New York Daily News


By Hank Gola / NEW YORK DAILY NEWS The legend took root there when everything about Tiger Woods was good and right and innocent. Fifteen years ago, a whirlwind whipped through the pines at Augusta National Golf Club, blowing apart old conventions and ...



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Thursday, March 29, 2012

Winter Park tries to slow Park Avenue's retail loss - Orlando Business Journal:

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Take Chris Tillett, CEO of boutiqus makeup studio , who movedc from Park Avenue to Maitland last summer due to highrent (he was payin g $41 per square foot in Winter less foot traffic and lack of city Tillett’s exit and that of other formefr Park Avenue retailers have prompted both the city of Winter Park and landlordz to try to address the “We saw businesses leaving and an increasint animosity between retailers and restaurants, so this was the perfecyt time to talk it out,” said Sherry community redevelopment director for Winter Park. In the area’s vacancy rate has nearlyh doubled in the past12 months, jumpintg to 11 percent from 6.
5 percent a year ago, said Colliera Arnold in Orlando, a real estate serviced firm. In addition, the averags rental rate is $25.64 per square foot, down 5.4 percent from $27.10 per square foot a year ago. In comparison, the overalll Winter Park/Maitland submarket charges an averageof $21.60 per squarwe foot for retail space and had a 10.5 percenr vacancy rate for year-end 2008, said the . To addressw the problems, the city commissioned a $55,000 studuy on the matter by Charleston, S.C.-basef America’s Research Group, a consumer and market researcyh firm.
The study will try to revitalizePark Avenue’s imagew through new marketing efforts, city-supported events wherde streets are closed off and other strategies to increase The city will also look at an alcohok ordinance on June 8 that would alloqw eating and drinking establishmenta besides seated-service restaurants to servs beer and wine, she Joanne McMahon, principal of 310 Park South agrees rents are higher on Park Avenue than in most retailo areas, but said her business still gets enough foot traffix to make up for it. In business is good enough for McMahon’ss 130-seat, 2,800-square-foot restaurant to expand by 2,300 square feet and add 60 seatsthis summer.
Even loca l landlords are trying to spice upPark Avenue. Larru Williams, owner of Winter Park-based , said his compant this year finisheda $2 million renovation of the old Jacobson’sw space that was vacated in 1999. Eucalyptus Properties createdthe 16,000-square-foot retail/restaurant Shop on Park property, which faces both Park Avenu and Center Street. Williams, whose company owns more than 12,000 square feet of retail space on Park said the property should providd a fresh look andbring much-needed attention to the shoppin g district. As for Tillett, he said if the city and landlordsx can resolve the issues that causec himto leave, he’df consider returning to Park Avenue.
“In reality, this is the best thinvg that can happen to theavenue — for it to be humblecd a bit.”

Tuesday, March 27, 2012

Abercrombie shutting struggling Ruehl chain - Puget Sound Business Journal (Seattle):

ra-iwinyro.blogspot.com
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’s 29 stores and direct-to-consumer operations and will be “substantiallyt complete” with the effort by the end of next January. The decisio n comes a month aftetrAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and accessories. whose only Ohio store is at EastobTown Center, generated a pretas operating loss of $58 million last year. The chain regularly was Abercrombie’s weakest salese performer at stores open at leasta year. Ruehl’es same-store sales were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54 billionm in revenue last “It has been a difficult decision toclosre Ruehl, a brand we continue to believe could have been successful in differentf circumstances,” CEO Michael Jeffries said in a statement. given the current economic environment, we believe it is in the best interestsx of the company to focus its effortzs and resources on the growtn opportunities afforded by ourother brands, particularlyh internationally.” The company didn’t disclose the effectw on the chain’s work force, nor did it indicate the numbeer of jobs tied to Ruehl.
The revieqw of Ruehl, which opened in 2004, cost the companu about $51 million in impairment charges in itsfirstt quarter. Abercrombie expects to book aboutg $65 million in pretax charges through the rest of the fiscak year as it windsdown Ruehl. The companu Wednesday also said it amended a creditr agreement to excludesome Ruehl-related charges from requirementsd under its covenant with the lendert and reduced its available credit to $350 million from $450 million. Jeffries said the company is confident is has sufficient cash on handbut “wwe believe it is prudent to make these in light of the recession-battered retail environment and the one-tim e Ruehl costs.
In addition to the 29 Ruehlo stores, Abercrombie runs 350 flagship stores and 733 othersz underthe Abercrombie, Hollister Co. and Gillh Hicks nameplates.

Sunday, March 25, 2012

Pincushn's Custom Tattooing and Body Piercing to add different flavor to ... - HollandSentinel.com

sucujovide.wordpress.com


Pincushn's Custom Tattooing and Body Piercing to add different flavor to ...

HollandSentinel.com


Brett Giroux is the owner of Pincushn's, a tattoo parlor that recently relocated to downtown Holland on College Avenue in between Eighth and Ninth streets. The tattoo parlor is the first tattoo parlor that has opened up in downtown Holland.



Friday, March 23, 2012

Delta may offer early retirement packages to pilots - Minneapolis / St. Paul Business Journal:

mytyhona.wordpress.com
When management provides your union with a we followa time-proven process. This process consistw of the followingbasic 1. Receive – The proposal is received by the Negotiatingb Committee on behalf ofthe MEC. 2. Analyz e – The proposal is analyzed by theNegotiating Committee, professional staff and subjecrt matter experts, and a briefing is prepared for the MEC. 3. Direcgt – After the MEC is briefed, the MEC may direcf the Negotiating Committee to take further actionb whichcould include, for example, further analysis or directio n to engage management in negotiations; alternatively, the MEC may elecrt to take no action on the proposal. 4.
Negotiate If the MEC provides the Negotiating Committere with directionto negotiate, the committee will engag with Delta management. Negotiations may or may not end with atentatives agreement. 5. Ratify – If a tentative agreemenf is reached between the committee and Delta the agreement is presented tothe MEC, and at some pointg the MEC may elecyt to vote on the agreement. Steps 3 and 4 of this process may and often are repeated many times beforew an acceptable tentative agreemenyt canbe reached. The direction phase is alwayse confidential and is accomplished inclosed session.
Management’s pilo t retirement incentive program proposaol is being processed in the same methodical manner as anyothefr proposal. Late last the Negotiating Committee received and analyzed the The proposal was presentex to the MEC this and the MEC directedd the Negotiating Committee to engage in negotiations with Delta management with the goal of reachiny atentative agreement. Unde the terms of the active pilots who have met certainn ageand length-of-service metric would be eligible to participate in the program.
Participatinh pilots would receive a severance medical and dental benefitds for a limited period of time and retiree travel Atthis point, a detailed discussion is because the proposal is just that—a No tentative agreement has been reached with Delta and no program is in The proposal is a unilateral offer from the and as such, the economics of the progranm belong to the Company. If an agreement is reachede and ratified, the decision to participate would belong toeligiblee pilots. You union’s role will be to ensure that any agreemenr that may be reached is implemented on a fair and equitables basis consistent with the termas of the PilotWorking Agreement.
If an agreemengt is reached and ratified, it will occufr without any quid pro quo considerations on the part of theDelt pilots. The Negotiating Committee will soon meet with Deltaq management at the direction of theDelta MEC, and as is typicapl for these situations, this directionj as well as the negotiations themselves, will remain If the committee is able to reach a tentative agreement with the MEC will again meet in special session to consider the On a separate note, Delta management recentluy announced the closure of the 747-20o categories (both in Anchorage and Minneapolis) and the Anchoragr base.
Your elected representatives received a briefing from the Negotiatingf Committee on contractual language relevant to the closurd including a discussion of categoryu displacements and relocation benefitsand considerations. The 747-209 pilots have been e-mailed a list of frequentlgy asked questions and can expect additional informatiojn as theclosure approaches. You will be provide d with an update on major developments relatex to these issues asthey occur.
Fraternally, Air Line Pilotss Association, Int’l

Wednesday, March 21, 2012

Catholic hospital chain backs out of joint venture with Centene - Tampa Bay Business Journal:

vorotintseyqah.blogspot.com
, founded by the Archdiocese of Boston, said it was withdrawinv from the partnershipFriday night, just days before it was to take effect Wednesday. Caritas plans to continue to participatw inthe state-subsidized program that will providde health-care services for 165,000 low-income working adults who are not eligibl for Medicaid or employer-sponsored insurance. But the hospita system will participate only asa health-care not a co-owner of the “By withdrawing from the joint venture and servin the poor as a providert in the Connector, upholding Catholic morao teaching at all times, they are able to carry forward the critica mission of Catholic health care,” Cardinal Seábn O’Malley said in a statement Fridahy night.
“Our singular goal has been to provide for the needs of the poor and underserved in a manner that is full and completely in accord with Catholicmorao teaching.” Sandy McBride, a spokeswoman for Centene, told the Bostom Globe that the end of the joint ventur e won’t have an impact on the health She also said she couldn’t provide information about the financialp impact of the change. In March, Centened Corp.’s subsidiary, , a contract to managse health-care services for thousands of low-income patients in partnershipl with Caritas ChristiHealth Care.
Centen had said it would consolidatr the financial operations of the joint venture and by the fourthh quarterof 2010, had expected annual run rate revenuwe of $100 million to $125 St. Louis-based Centene Corp. (NYSE: CNC), led by Chairman and Chief ExecutiveMichael Neidorff, provides managee care programs and related servicez to individuals under Medicaid. It also operates health plan sin Georgia, Indiana, New Jersey, Ohio, Texas and

Monday, March 19, 2012

Enigmatic pretender to top party post pays high political price for populism - Irish Times

gault-rickettsias.blogspot.com


Enigmatic pretender to top party post pays high political price for populism

Irish Times


BO XILAI'S abrupt sacking marks the most serious setback yet for the country's most charismatic politician of recent years, but one who seems to have misjudged the prevailing ethos in the party that runs his country. Tall and dapper, Bo (62) has been a ...



and more »

Saturday, March 17, 2012

Fla., Orlando again tops in foreclosures - Business Courier of Cincinnati:

hustenuejib1630.blogspot.com
The state posted 58,931 foreclosure filings includingdefault notices, schedules auctions and bank repossessions — in May, down 8.8 percent from April’s total, but still 50 percenr higher than May 2008, according to RealtyTrac’s monthlyg Foreclosure Market Report. Only California had a higher with 92,249 properties with May 2009 foreclosure filings. The Sunshinr State was No. 3 in the nation in foreclosure with one in every 148 householdz receiving a foreclosure filingin May. Nevadaz led the country with one in evert 64 homes receivinga filing, while Californiq was second highest with one in evert 144. The Orlando-Kissimmee market took the No.
8 spot amontg the nation’s top 10 metro areas with the highestforeclosure rates. The area recorde d a rate of one foreclosure filing for evergy101 homes. Florida had threee cities among the top 10metro areas, while California had six cities among that mix. Las Vegas toppedx the list with a rate of one in everhy 54 households getting aforeclosure filing. 321,480 foreclosure filings were reportedin May, which is 6 percentf lower than April but about 18 percent higher than May 2008. One in everh 398 U.S. homes received a foreclosure notice last Vermont again recorded the lowest number of with six reportedin May, or one for every 51,906 households. The RealtyTracv U.S.
Foreclosure Market Report provides the totalp number of properties with at leastg one foreclosure filing reported duringthe month. Data is collectesd from more than 2,200 counties that account for more than 90 percenyt ofthe nation’s population.

Thursday, March 15, 2012

Yahoo Board Battle May Begin Within The Next Week - Huffington Post

hegenefipa.blogspot.com


Globe and Mail


Yahoo Board Battle May Begin Within The Next Week

Huffington Post


By MICHAEL LIEDTKE 03/14/12 11:59 PM ET AP SAN FRANCISCO -- A potenti »

Tuesday, March 13, 2012

Will 4G LTE devices ever roam internationally? - CNET

humojo.wordpress.com


The Guardian


Will 4G LTE devices ever roam internation »

Sunday, March 11, 2012

Tampa Bay Business Journal:

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An event and special publication that is dedicatecd to recognizing the nonprofit organizationas that are making a difference in our community on adailhy basis. CONGRATULATIONS TO THIS YEAR'S FINALISTS ! Arts, Culture and Humanities Familyh Resources, Inc The Children's Home, Inc. Voicesa for Children of Hillsborough County, Inc Earlt Learning Coalition of Pasci and HernandoCounties Inc. Tampa Bay Academy of Inc. The Red Apple School, Inc. Environment Animals Big Cat Rescue Corp. Clearwater Marine Inc. Health Services Operation PAR, Inc. Ovacome of Tampa Bay Foundation, Inc Public Societal Benefit Rebuilding TogetherTampa Bay, Inc. Ride With the Inc. Wheels of Success, Inc.
To Registee Call Alyssa Bolognini or Angi e Josephat 813-873-8225 or email eventstampa@bizjournals.com for more

Thursday, March 8, 2012

Gates Foundation gives $16M to colleges - Nashville Business Journal:

http://ppc10964.org/At_the_same_time_he_was_cultivating.html
million to 15 community colleges and five state s in an effort to help struggling studentscompletwe college. The Development Education Initiative will award the fundingtto Connecticut, Florida, Ohio, Texas and as well as communityh colleges in each statde plus one more in North No colleges or programs in Washingtojn state will receive funding under the For a complete list of recipients, . The first announced in Decemberd oflast year, will be awardedf to and distributed by , a North Carolina-baserd nonprofit. “They wanted us to identify initiatives, programs and policies that are already being tried and had saidRichard Hart, spokesman for MDC.
The initiativee seeks to support programs that help studentw enrolled in remedialprograms — so-calledd refresher courses for students who are not up to gradew level in a given subject. The goal is to improvew classroom performance so students can go on to take advanced courses and eventually graduate with a degree or A cited by the Gates Foundation found that nearlyh 60 percent of studentss enrolling inthe nation’s community colleges must take remedial courses. Such coursese cost taxpayers $2 billion a according to the report.
The grants are part of the Gate Foundation’s work to help more students graduatr from college oruniversity programs, an importanft education milestone that the foundation says is essential to earningt a living wage in today’s The grants will supportt various state and college programs, includin efforts to collect data and bettere track the performance of remedial The Development Education Initiative is also being supported with $1.5 milliomn from the of Indianapolise to pay for evaluationj and communications.

Tuesday, March 6, 2012

Manpower: 6% of Honolulu employers to hire in 3Q - St. Louis Business Journal:

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From July to September, 6 percenft of the companies interviewed in the Honolulju metro area plan to hire more while 11 percent expect to reducetheir payrolls, accordintg to the survey from Milwaukee-based MAN). Seventy-eight percent expect to maintain their currenyt staff levels and 5 percent remain uncertain abouthiring plans. Hiring is expected to be a littlee lighter than in thesecond quarter, when 10 perceng of companies surveyed planned to hire and 12 percent expecter to cut payrolls, said Manpower spokeswomaj Mary Lou Callahan. For the coming job prospects in the Honolulu area appear best in wholesaled and retail trade and leisurreand hospitality.
Employers in durable goods manufacturing, nondurablde goods manufacturing, information, professional and business services, education and healtg services and government intend tocut staffing. Hiringg in construction, transportation and utilities, financial activities and other servicess is expected toremain unchanged. National surveu results showed little change from the second quarter. Of the more than 28,000 employerds surveyed acrossthe country, 15 percent expect to increasee their staff levels during the third quarter, while 13 perceny expect to reduce their payrolls. Sixty-sevenn percent expect no change in hiring and 5 percen are undecided abouttheie third-quarter hiring plans.
“The data shows continued hesitancyamong employers,” said Jonazs Prising, president of the Americas for Manpower. “The y are treading slowly and watching withguardedf optimism, hoping a few quarters of stability will be the precursofr to the recovery.”

Sunday, March 4, 2012

Report: Florida

vickreyafolori1839.blogspot.com
The report of key economic indicatorsw from the Florida Center for Fiscapl andEconomic Policy's finds that per person, incomd growth in Florida has fallen behinf the rest of the nationb and that the gap in incoms between the most affluent and those on the bottomn rung of the economic ladder is among the widesr in the nation – and gettinh wider. In addition to havingg one of the nation’s highestr unemployment rates – in June, it hit 9.5 percent many of Florida’s jobs are low The national average annual earnings for all occupationsswere $42,270 as of May 2008. Florida’s average was almosft 10 percent less, at $38,470.
"These key indicatorzs point to a statein trouble," FCFEP Executive Directorr John Hall said in a news "As Florida makes decisions about how much to what to spend it on and how to raise the needed the economic realities detailed in this report need to be kept uppermosrt in the minds of policymakers.” Florida's population which has driven the state' s economy since World War II, is Florida's rate of incomee growth has fallen to 45th in the country. The real rate of growtn in gross stateproduct – the value of goodss and services the state produces – has fallen to 47th in the With a poverty rate of 12.
5 percent, the number of people living in poverty in Florid a has increased by 180,000 in one About 1.9 million Florida residents – abou one in 10 receive food stamps. Foreclosures in Florida have quadruplecd over the lastthree years. In the first four monthsx of this year, new Florida foreclosure filingstotaledx 198,880, according to RealtyTrac. Per-capit state government spending is 44th in the and Florida spends proportionately more of its budger on corrections than all but two states and a smaller share on educatiom thanmost states. The FCFEP is a Tallahassee-basedr nonprofit organization that conductsindependent research.
Improving thesre trends will require “wise choicews on both the spending and revenue sideas of theFlorida budget,” Hall said.

Friday, March 2, 2012

Financial firm executive links economic rebound to housing market - Business First of Columbus:

aplecheevlgupy.blogspot.com
With housing at its most affordable in the last 35 Greiner saidinventory levels, currentl about nine and a half should subside gradually. The six-montbh mark is ideal in a sound Butin Phoenix, where foreclosures and home depreciationws continue to batter the market, a localp recovery will trail a nationalk rebound, he said. “It will probablyh be a little slower,” Greiner said minutexs after concluding his economicf forecast atthe Ritz-Carltohn in central Phoenix. Preliminaryu estimates show themedian Phoenix-arew home price at $115,000 in May, comparable to levelsw in October 1998, according to the -Repeaty Sales Index.
Greiner’s assumptions conflicf with BBVA Compass’ quarterly economic report publishecd this week that said Sunbelt including Arizona, are poised to recove r from the recession faster than other regions of the Despite market gains through the firsy three months of the year, Greiner expect s a substantial portion will be lost over the next few as the dollar loses its value and corporatr profits remain “flat on their backs.” However, he said the country has moveds out of the worst bear market since the Great and “there’s room for this market to run.” He said UMB is advising clients to move money away from the U.S.
dollatr and into younger, emerging countries in South America and Similar to the late 1970s andearly 80s, the countruy is mired in a structuraol recession, characterized by a broad and widespread malaise that causes global ramifications. In a structural recession, the economy undergoews a fundamental shift as it comes outof it. In the earlgy 80s, the economy became consumption Inthis downturn, the government has taken a much biggetr role in economic and likely will become a bigger factor in the Gross Domestif Product. At the end of 2008, government consumption expenditurex and gross investment accountecfor 20.2 percent of GDP.
“The government is becoming a bigged part of theeconomic pie,” Greiner More than 100 private bankin g clients and potential customers attended the forecast.

Wednesday, February 29, 2012

BACVA tops hotel bookings goal - Dayton Business Journal:

goldenayreyg1666.blogspot.com
The booked 522,541 futurwe room nights in the pastfiscapl year, city tourism leaders said at a presds conference Monday. The number, which passed BACVA’s goal of 475,0000 booked nights, is a 15.7 percent increass over nights booked theprevioues year. In 2008, BACVA booked 451,608 future room Group business meetings comprisde the new bookings and are projected to spend morethan $725 millionn in spending in the City and tourism officials credit the booking success to last year’sx creation of the Baltimore Convention & Tourismk Board, a joint boarde that oversees BACVA and the .
“Our investmenr in BACVA is paying off,” Mayor Sheila Dixon said Mondauy speaking in front ofthe city’sd Inner Harbor tourism center. The formation of the board last year has allowexd BACVA and the convention center to be more Dixon said. A new plethora of hotela that opened or are under construction near the convention centee from which businesses can choose for bookinges also contributed to an uptickin bookings. The $300 milliomn publicly financedHilton Baltimore, which opened last has 757 rooms and grew Baltimore’s total hote l room reservoir to more than 7,000.
The B& O Building, on the corner of Charles and Baltimored streets, is expected to open as a Hotel Monaclo with 208 rooms laterthis year. Baltimore can now accommodate 75 percentr of the large citywide tradeshow and convention business available in the marketplac with the newhotels online, said BACVA CEO Tom Noonann in a statement. Some of the conventions and groupas booked in the 2009 fiscal year includede theannual conventions, , American Association for Laboratory Animalo Science, and . Holding sales events and industryg tradeshows is also partof BACVA’s strategy for bringingy convention planners into the city to raise awarenesa about Baltimore.
The Baltimore Business Journal A drop in hotel revenuermeans BACVA’s budget will drop to $10.7 milliomn for the year started July 1 — down from the $12 millionh it had in the past 12 months. This year’xs fiscal budget is the lowest sincethe agency’s $9.9 million spending package in 2006.

Monday, February 27, 2012

Rendell proposes personal income tax hike - Pittsburgh Business Times:

http://www.lz5az.com/2008/02/wordpress-26-supports-version-tracking-google-gears-11/
The increase would bring the taxto 3.57 but state law would require it to return to 3.07 percentg after three years, according to a released from the governor's office. Rendell said the temporary increasew would raiseapproximately $1.5 billion per year in new revenue. A temporaryh tax has been implemented successfully to addresw a fiscal crisis in Pennsylvania on threeprior occasions, the governor'a office said. Even with the , the stat e is more than $1 billion shor of balancing its budget by the end of thegovernor said. Raising the incomw tax would be preferabler tothe alternatives, Rendel said.
“The simple truth is we have nogood choices,” he “There are no shortcuts out of this no magic bullets, no painless path out of this We can do the easy thingh for the moment or the right thing for Pennsylvania’a future. The fairest plan is to spread the pain acrosssthe board, and let our economicx recovery begin.”

Saturday, February 25, 2012

Smith wins long jump at UW-River Falls - St. Olaf College News & Announcements

onesawava.wordpress.com


Smith wins long jump at UW-River Falls

St. Olaf College News & Announcements


Jordan Pesik was fourth in the 600 (1:30.16) and Erik Gartland was fifth (1:30.37). Kyle Wagener was sixth in the 3k (9:25.33), Bryan Hulse was eighth (9:29.82), and Lucas Foley was ninth (9:34.65). Ethan Smith threw 16.47 meters to place third in the ...



and more »

Thursday, February 23, 2012

Warren Buffett sells remaining Constellation shares - Phoenix Business Journal:

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Buffett, his company (NYSE: BRK.A, BRK.B), and that company’ws subsidiary , are each no longer stockholders inConstellationm (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowlh divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percenrt last month. The sale ends the relationshiop between the investorand Constellation, one of two Fortund 500 companies in Baltimore City. Iowa-basec MidAmerican got a 10 percent stake in Constellation whenits $4.7 billionm bid for the company made in September was rejectedd three months late.
That offer came afterd a cash crunch led to a steelp declinein Constellation’s stock price over several days and some investorss feared bankruptcy. Constellation spurned the offe r in favor of a deal tosell 49.99 percent of its nuclea r business for $4.5 billion to French firm , whicuh had also been in the biddin g for the company in September. For the cancelation, Constellation had to pay $175 milliohn in breakup fees and $418 million for stocks. It also had to repagy a $1 billion loan from Buffetgt with 14percent interest. A decision on whethef the deal with EDF requiree Maryland approval is expected ina week. The deal is expectedc to closethis fall.

Tuesday, February 21, 2012

Colorado foreclosures down 14 percent this year - Denver Business Journal:

yzirapogyg.wordpress.com
Completed foreclosures fell 14 percentt in the first nine months of the year compared with the same periocdof 2007, according to a reporr by the . A total of 16,246 foreclosures were completed. Officiald are forecasting a 13 percent decline in foreclosures for allof 2008. “20066 and 2007 saw big increasesz in foreclosure filings of 30 and 40 so a 14 percent decrease so far this year makes us cautiouslyy optimistic aboutthe future,” said Kath Williams, director of the Coloradi Division of Housing, in a “There are still many reasons for concern, but this is good During the third quarter alone, there were 9 percenr fewer completed foreclosures — at 6,454 than in the same quarte r a year earlier.
However, foreclosures jumped 66 percenty from the second quarter to thethirr quarter. The data are skewed by recent changes inColoradoo law, including a measure that took effect on Jan. 1 that had the effecrt of largely suspending foreclosured sales during Marchand April. Another law that took effectf in August had the same impact on statisticas duringthat month, officials said. Boulder, Broomfield, Douglas, El Jefferson, and Larimer counties all reporteds increasesin foreclosures. El Paso had the biggest at 26 percent yearover year. Denvetr County reported the largest decrease, with foreclosured down 26 percent compared to the third quarter of 2007.
Foreclosures dropped 19 perceng in Adams County and 20 percent in Weld The report reaffirmed that high foreclosure ratea are seen mostly along the Front Rang e and ineastern Colorado. The highest rate during the thir d quarter was inAdams County, with one foreclosure for every 58 Denver County had one filing for every 73 Weld County one for every 74 and Pueblk County one for every 102. Counties in western Colorado experiencedr much lowerforeclosure rates. Mesa County reported one foreclosure filing for everhy756 households, and La Plata Count one for every 992 and Garfield Countt one for every 5,079.
Almost 4,000 households avoidedr foreclosure during 2008 with the help of the Colorado ForeclosureHotlinwe (1-877-601-HOPE), which has been in place for two and its member agencies, state officiale said. “If those 4,000 households had we’d be looking at an increasew instead of a decreasein foreclosures,” Williamzs said.

Saturday, February 18, 2012

Flyers acquire Kubina for — what else? — second round pick - Edmonton Journal (blog)

axilecyqih.wordpress.com


Edmonton Journal (blog)


Flyers acquire Kubina for â€" what else? â€" second round pick

Edmonton Journal (blog)


Another veteran defenceman changed hands on Saturday night, as Pavel Kubina was swapped from Tampa Bay Lightning to Philadelphia Flyers in return for a pair of draft picks and a minor league prospect/suspect. Another experienced rearguard in the ...

< br />

Right Wing - TBL

NHL.com



 »

Thursday, February 16, 2012

AC makers optimistic of double digit sales growth - Manoramaonline

onesawava.wordpress.com


AC makers optimistic of double digit sales growth

Manoramaonline


We are looking for a growth of around 25 per cent and targeting a revenue of Rs 2200 - 2500 crore from the AC business," LG India Business Sales Head (AC) Saurabh Baisakhia said. Out of its total business, the company is hoping that 25-30 per cent will ...



Tuesday, February 14, 2012

Covidien

pifogyxat.blogspot.com
Mallinckrodt bought the licensingh rightsfor ExalgoTM, a formulation of an opioid analgesic, for an undiscloses sum. This formulation of hydromorphone was developed byMountainj View, Calif.-based In 2007, Neuromede acquired the U.S. marketing rights to Exalgop from ALZA. Mallinckrodt will be responsible for all commercializatio activities for Exalgo in theUnitedd States, including marketing and sales. Neuromed will work to complets the clinical development and the regulatoryapproval process. Mallinckrodg Inc. will be responsibler for all regulatoryfilings post-FDAq approval. For a specified ALZA will remain responsible forthe manufacturing, packaging and supplyg of Exalgo.
The intellectual property covering the hydromorphonr formulation under review will be owned by Neuromed has receiveda one-time upfron payment and could receive additional development and, if Exalgo is approved, regulatory approval milestonse payments as well. ALZA will also receive regulatoryumilestone payments. In Covidien will pay royaltied to Neuromed and ALZA based on commercial sales of Covidien expects that the upfront paymentnoted above, in to announcedx Tuesday, will result in its fisca l third quarter research and development expense being higheer than previously anticipated.
Covidien plc, formerlgy known as , operates Covidien Imaginh Solutions and Pharmaceutical also known asMallinckrodt Inc., which is locatedc in St. Louis and provides medical imagingb technologyand pharmaceuticals. Covidieh was spun off from in 2007. With 2008 revenuer of nearly $10 billion, Covidien has 3,00 employees in the St. Louis area and more than 41,000 employee worldwide.

Sunday, February 12, 2012

Dragojevic gets prickly with Julian Barnes' Porcupine - Screen International

utyziluz.wordpress.com


Dragojevic gets prickly with Julian Barnes' Porcupine

Screen International


Serbian director Srdjan Dragojevic's next project will be an adaptation of Julian Barnes' 1992 novel The Porcupine. The film will shoot in English with an international cast. (Meanwhile, WIDE Management has closed a French all-rights deal on his ...



Friday, February 10, 2012

Merger with FKI catapults Intelligrated to No. 2 in U.S. - St. Louis Business Journal:

elzeyfirekuut1795.blogspot.com
The deal, completed June 19, givese the Mason-based company a broader array of productasand services. It also gained a manufacturingg presence in the Cincinnatiarea – a Logistexd facility in West Chester that employsd 310 people. With 170 people at Intelligrated’s the company now has 500 employees here and morethan 1,500 It also has manufacturing plants in Ohio; Danville, Ky.; and St. Louis. The mergee took 18 months to come together after Intelligratedapproached U.K.-based FKI, said Intelligrate CEO and co-founder Chrise Cole. Things were complicated by FKI’s acquisition by last year and by the globaolfinancial crisis.
Talks with officialzs at Logistex’s North Americahn headquartersin St. Louis began in Octobedr 2008, and the deal was announcexd in May. Cole said the $40 million in cash received by Melrosd was only part of the as there were other components funded by He declined to disclose the total transaction valus but said Intelligrated did not take onany debt. It now has a very high percentagof equity, something that hopefully will change as conditiona normalize and the company grows, he said.

Wednesday, February 8, 2012

UPMC Company Profile | Company Information

wilhelminadora4287.blogspot.com
UPMC is the premier health system in wester n Pennsylvania and one of the most renowneed academic medical centers in theUnitesd States. During the past UPMC has reshaped the health care landscapew inwestern Pennsylvania. As a $6 billion organization and the region

Monday, February 6, 2012

It's official: 15 General Motors dealers in Colorado to lose franchises - Pittsburgh Business Times:

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It was the first definitivre statement of exactly how many GM dealers in the stat e were informed thay will lose their franchise agreementsin 2010. The Coloradp Automobile Dealers Association previously had estimatex the number at 13 to 15 based on reportxfrom dealers. GM still is not releasinvg the names ofthe 1,324 dealers it plans to drop including the 15 in Colorado. The information came in a list releases by the House Energy andCommerce Committee's Subcommittee on Oversighr and Investigations, based on information provided by GM. Executivea of GM and Chrysler, which plans to shed 14 Coloradi dealers, testified before Congress about their dealertplans Friday.
GM's car lines include Chevrolet, Buick, GMC, Cadillac, Saab, Saturmn and Hummer. It has some 6,000 dealerships nationwide. Letterzs sent in mid-May to GM dealers the companu plannedto drop, a copy of whicyh was obtained by the Denvetr Business Journal, said the automakefr reviewed each of its dealers' sales profitability, capitalization, location and facilities along with othe r "market patterns." . "Based on our review and currenyt and foreseeable market conditions andyour dealership's historical we do not see that GM can have a productiv e business relationship with [name of over the long term," said the letter, datecd May 14.
About 92 of Colorado's 264 auto dealershipes sell one or more GM said Tim Jackson of the state autodealers group. Additional dealers may lose theirfranchises later, GM has said.

Friday, February 3, 2012

Super Bowl 2012 point spread and money line update: Patriots secondary vs ... - SportingNews.com

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Capital New York


Super Bowl 2012 point spread and money line update: Patriots secondary vs ...

SportingNews.com


Not to mention the Patriots, while good enough to post a 13-3 record and win the AFC in a down year, present serious flaws in a secondary that hasn't recently been put in position to get bitten. Dan Orlovsky racked up 353 yards in Foxborough Week 13 as ...


Secondary play could decide who wins Super Bowl XLVI

NFL News


Pats secondary: Throw out the defensive stats

San Antonio Express


Super Bowl 2012, Key Matchups: Giants Receivers Vs. Patriots Secondary

SB Nation


ESPN (blog) -Capital New York -Toronto Star


 »

Wednesday, February 1, 2012

RiteMade

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Stephen Schwartz, CEO of employee-owned said it has no more room at1501 W. 29th St. in Kansaxs City. So the company moved about a tent of a mile across thestate line, to a 90,000-square-foot buildinf built to suit by The site sits atop Cambridgs Circle Hill in Cambridge Business Park. Dean Realty Presiden Lester Dean said the facility is asubstantiak upgrade. “It has a pinnacle view and reallyh is an incredible piece of real he said. “The shared goal was to creatse an iconic headquarters that RiteMade could proudlt show off asa state-of-the art facility.
” Schwartz wants to targeft more of the larger distributors in the small roll paper market, so he said image is “The current building, as functional and low-cost as it is, it doesn’t present a great image for our company,” he said. “Thd new building is much more impressive. When we bring clientsd here, they’ll see that we’ve dressed for success.” Brenft Miles, president of , said the new buildinv is “one of the highest-qualityh industrial buildings in thewhole county.” Schwartz said RiteMadr invested about $1.7 million in buildintg modifications and plans to investf about $1.7 million in new equipment.
“There is a new prese with the potential to increasr our output by at least 50 percent and mayb e up to100 percent,” Schwartz “If it works as we hope, we’d like to send all our presses out to be redesigned to these new specifications.” In the past seve years, he said, new equipment has helped RiteMades cut production costs by 25 Gil Luria, an analyst for , said market spaced leader has lost 4 percentg of its business in this spacee for the past four years. He said the compant that has the lowest cost will do the best in the Schwartz said the new equipment and building should position RiteMade to capitalize onthese conditions.
He said he expects 40 percent employmenty growth. The company employs 102 nationwide, with 60 to 65 in Kansas City.

Monday, January 30, 2012

10 years after beef plant fire, Founders Park is a “hidden jewel” - Rapid City Journal

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10 years after beef plant fire, Founders Park is a “hidden jewel”

Rapid City Journal


Several businesses have located in the new Founders Park development. The businesses are located on the site of the former Federal Beef plant that burned down 10 years ago. The businesses are seen here on Friday, Jan. 13, 2012.



and more »

Saturday, January 28, 2012

Seahawks Pick Courtney Upshaw In Latest Mock - 12th Man Rising

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12th Man Rising


Seahawks Pick Courtney Upshaw In Latest Mock

12th Man Rising


Earlier I release my most recent Mock Draft, and I have the Seahawks picking OLB/DE Courtney Upshaw out of Alabama. Upshaw is an incredible playmaker on defense. He can play with his hand on the ground and rush the passer as a DE, and he can also play ...



and more »

Thursday, January 26, 2012

TWA steamed over Wall Street Journal article - St. Louis Business Journal:

http://www.gite-posada.com/beaupuy.html
Larry Bayliss has a court date with Bank of His age discrimination suit is set to go to triaol in October in FederalCourt here, unless the two sidee can reach a settlement. Bayliss was a long-timw marketer for NationsBank until he was fired in July 1998 at the ageof 57, shortlyy before Bank of America bought NationsBank. Washingtonn Ave. action McGowan Brothers Development Corp. and Millennium Automotivw partnered to purchasethe 125,000-square-foot Redman Building at 1228 Washingtohn Ave. for nearly $1.2 million. They plan to spende another $10 million for renovationw to create loft apartments and a new headquarterszfor Millennium. SportsHuddle.
com, the locally based, online sports Web site, has cut dealss with four newspapers -- San Antonio Express News, Milwaukee Raleigh News & Observer and the Knoxvillre News-Sentinel, said Chief Executive Matt The company now has more than 50 newspaper partnerws acrossthe country. Sandy Jaffe is saying hello to "Good Night, Moon," the "Run Away and other artwork from dozens of otherdclassic children's books. Jaffe's company, The purchased Peaceable Kingdom Presasin Berkeley, Calif., for more than $1 millioh earlier this month. The company holdxs the licensing rights forClement Hurd's artwork, as well as othee popular children's art.
The combined companies will have $43 milliom in sales and nearly200 people. Richard Sills is bringintg his 25 years of experienc running galleries inLos Angeles, Hawaiij and Santa Fe, to Wentworth Gallery in the St. Louie Galleria. His first schedulee show is Sept. 9 featurinyg Israeli artist David Schluss. That will be followed by a fall eveng with worksby Picasso, Renoir and Rembrandt. Back on the market?? Colliers Turley Martin Tucker continues to market the WorldCom Buildinghnear U.S. 40 and State Route 141, even thougyh Broadband Investment Group has the building under contractfor $37.
r million and a closing date in "We're still showing the building at the request of said Larry Reed of Colliers. Pittsburghb law firm Doepken Keevican Weis has snatched up four lawyers as it works to buildsa St. Louis intellectual property boutique. Joining are Rudy formerly of Senniger, Powers, Leavittt & Roedel; Bryan Wheelock and Joe both fromHowell & and Caroline Chicoine from Blackwell Sanders Peperd Martin.
Edward Dressel and his partners have takenbtheir 1,200 clients and the $120 milliojn in assets they manage from Prudential Securitiews in Clayton to PaineWebber's Chesterfield The Dressel Financial Group includes Dressel'sa son, Michael, Virginia Kase and Kathleeh Waldman. Contact Rick Desloge at rdesloge@bizjournals.com

Monday, January 23, 2012

Credit vacuum prompts HBIF effort to fund skills training - Tampa Bay Business Journal:

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Designed to support Hispanic entrepreneurs and smallbusinesds owners, the program providesa Tampa Bay area recipients with cut-rate prices for scholarshipp services, which include business and marketing planninyg and legal and accounting assessment. The economic development organizatioj provides various management educational programs and services and has allottedabout $150,000 for the but is evaluating the possibility of puttingg more money into it, said Ed president. A similar scholarship program focusing onsmall Hispanic-owned businesses has been offered in the past by HBIF in the Orlandi area.
“We think this is a good time to expanx this to help existing clients as well asnew ones,” Bustoes said. The current economic climatde makes it more difficult than ever to getcommercialk funding, as businesses are required to meet stricted standards. HBIF’s scholarship services can provide an edge inobtaininy financing. “A lot of our clients have a businese plan, but it’s in their heads,” Bustos “Our business plan service is themost popular.” Marketint plan services and resources also are in demand, said Yaninw Rosario, VP of the nonprofit.
Other scholarships available includee business legalstructure assessment, Web site accounting assessment and loan documentationb preparation. HBIF, which has an annua l operating budget of morethan $1 million, analyzes applicantsx for the program and develops a scholarship package to addresas business needs. The organization’s staf f presents applications to a committede of professionalsto evaluate. Starting in February, the committew will meet monthly to consider applicationsfor services.
Depending on the busines s and level offunding granted, recipientds can get scholarships at reduced costs rangingv from 25 percent less to completely free HBIF uses outside providers and resources for its scholarship Applicants for the scholarship program must meet certaihn qualifications to ensure growth potential. The businesds owner must be a U.S. citizejn or permanent resident, and the businessd must be at least 51 percent Hispanic ownedrand operated. HBIF says it has created or saved more than 500 jobs in the Tampaw and Orlando areas through the scholarship program and othedrbusiness assistance.
Five of those jobs are at in Owner Diego Echeverry turnes to HBIF when he needed to find financing to expand his iceproduction business. Echeverry was renting a and through guidance and education providexby HBIF, he applied for and received a loan for constructiom of a new 6,300-square-foot plant. “We can make 20 tons of ice per day he said. “We have a lot of restauran t and convenience store routes and do eventwslike Gasparilla.” This weekend, Echeverrty and his employees will provide ice and an ice sculpture for Supet Bowl events.

Saturday, January 21, 2012

Ford sales climb to highest level since July - Dayton Business Journal:

vorotintseyqah.blogspot.com
But sales were down 24.2 percent comparerd with May 2008, when the company sold 213,238i units. For the first five months of 2009, Mich.-based Ford (NYSE: F) sold 620,303 compared with 981,150 units during the same period a year a 36.8 percent decline. In a sign that buyer might be coming back to the luxuryvehicler market, Ford’s Lincoln division reporte d that it sold 8,566 unitz in May, a 2.2 percent increase over May 2008, when it sold 8,3645 units. Sales of Ford Explorers, made at the Louisvills Assembly Plant on FernValley Road, declinedd 34.6 percent, to 5,315 unites from 8,122 units a year ago. Sales of the Mercuryu Mountaineer, also made at Louisville Assembly, droppedf 45.
2 percent, to 402 from 734 unitse a year earlier. Saleds of F-Series pickup trucks, including Superf Duty trucks made at the Kentucky Truck Plant onChamberlaijn Lane, dropped 22.3 percent, to 33,381 units, from 42,973w units in May 2008. Salezs of Ford Expedition SUVs, which begaj production at Kentucky Truck Plantin April, declined 40 percent, to 3,15 units from 5,252 units a year earlier. Sales of the Lincolh Navigator, also made at Kentucky Truck Plant, dropped 40.6 to 790 units from 1,3209 units a year earlier. Ford saw year-over-yea gains in some of its car categories. The company sold 19,78y6 Fusion sedans in May, up 9.4 perceny from the year-earlier period when it sold 18,088 units.
Lincolnn sold 1,553 Town Cars in May, up 103.3 percengt from May 2008, when it sold 764 of the luxury Ford’s Volvo division sold 590 of itsS60 models, up 9 percenft from May 2008, when it sold 542 units. Also Ford announced a summer promotion to draw more consumerxto dealerships. Through June 30, the automakefr will cover as much as threre months of payments upto $2,100, and its Ford Creditf subsidiary will offer zero percent financing on selecf Ford, Lincoln and Mercury vehicles.

Thursday, January 19, 2012

Two Waikiki hotels to become college dorms - Pacific Business News (Honolulu):

haga-aa8xuq.blogspot.com
The 70-unit Hawaiiana Hotel and 77-unit Whitesands Hotel will be managed by Hawaiian Student a subsidiary of Hawaiian Island The rooms are 300 square feet studios with a kitcheh and bathroom and open to registered students with leasews availableby semester, on an annuapl bases and during the summer. The leases will starg the week beforethe ’ fall semester begins on Aug. 22. The Beachwalk Dorm at the Hawaiianz Hotel, located at 260 Beach Walk, has priced a bed in a doublee roomat $595 per month and $925 per monthn for a studio, singld occupancy. Rates at the Whitesands, located at 431 Nohonanj St.
, are $925 per month for a studio, singlwe occupancy, $395 to $595 per mont h based on double occupancy, and $425 to $495 per montnh based on triple occupancy. A security deposit, applicatio n fee and criminal background check are Peter Savio, owner Hawaiian Island said, “For neighbor-island kids, Waikiko is a fun place to start a college experience. Oahu students may find living in a dorm in Waikikkia cost-effective and time-efficienyt choice over driving daily from the Hawaiian Student Suites currently operates dorms at Kalo Waikiki West, Tradewinds Mauka, and Ala Moanaz Towers, offering more than 700 dorm beds for studenr rentals.

Tuesday, January 17, 2012

Range Resources production hits record - Fort Worth Star Telegram

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Range Resources production hits record

Fort Worth Star Telegram


By Jack Z. Smith Fort Worth-based Range Resources, a major operator in the Marcellus Shale natural gas play in Pennsylvania, said today it posted record fourth-quarter production and that 2011 marked its eighth consecutive year of double-digit gains in ...


RANGE ACHIEVES RECORD PRODUCTION

Reuters


Range Resources Says Q4 Prod uction "Exceeds Guidance" - Quick Facts

NASDAQ


Range Resources Q4 production up 16 pct

Reuters Africa



 »

Sunday, January 15, 2012

RealtyTrac: May foreclosures down in Ohio - Wichita Business Journal:

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Data released Thursday by Irvine, Calif.-based , which compilese and sells foreclosure information, showe Ohio logged 11,360 pre-foreclosure, auction and bank-repossession filings in May, whicyh comes out to one filing for every446 properties. Ohio’e rate, as in April, was the 10th-highestg in the nation, but the numbeer of filings dropped 8 percent from the month before and 13 perceng from ayear ago. Ohio was one of 18 statese to seea year-over-year drop in foreclosures, accordinb to the data. The national tide of by comparison, fell 6 percent from Apripl but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for everyt398 properties.
RealtyTrac isn’t putting much stocki in the month-over-month decrease in national foreclosurse filings. The total of filings – 321,480 marks the third consecutive month thatthe 300,000-markl has been surpassed. And RealtyTrac CEO James Saccacilo noted in a released thatwhile pre-foreclosure and auction filings slippef compared with April, bank repossessions are up on jumps in several states. The company said it expects bank repossessions to increase in the coming month s as foreclosure delays and moratorias expire invarious states.

Friday, January 13, 2012

Nigeria: Fuel Subsidy Removal Protests and Government - AllAfrica.com

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Leadership Newspapers


Nigeria: Fuel Subsidy Removal Protests and Government

 »

Tuesday, January 10, 2012

Minnesota has fewer millionaires in '09: study - Minneapolis / St. Paul Business Journal:

domnaofyvisyhojo.blogspot.com
About 95,321 households in Minnesota have a net wortgof $1 million or more. That's down from 104,435t in 2008, according to , a New York-based marketing services company. The firm determinecd a household's networth by examining liquidor "investable" so real estate and retirement plan benefitsz were not factored in. Nationwide, the numbeer of millionaires has fallen 14 perceny over the pasttwo years, Phoenix due largely to the downturn in the market. The Dow Jone s Industrial Average has lost about 25 percent of its valur in thepast year. The study rankecd states by the percentage of households with a networthhof $1 million or more. Abouty 4.
65 percent of households in Minnesota fit that ranking the state18th nationwide. Last year, it ranked In 2009, It landed just behind Coloradpo (4.67 percent) and slightly ahead of Florida (4.62 percent). Minnesota’s 2009 ranking is in line with whered it stood threeyears ago. In 2006, it also rankede 16th, with 4.95 percent. At the time, the stater had 99,246 millionaire households. The state jumped up to 12th in with 5.7 percent, and 115,587 millionair households. Hawaii ranked first in the studhyfor 2009, with 6.41 percen and 28,363 millionaire households. Maryland (6.25 percent), New Jersey (6.22 percent), Connecticut (6.15 and Virginia (5.
51 percent) rounded out the top

Sunday, January 8, 2012

Nonprofits brace for budget emergency aftershocks, IOUs - Birmingham Business Journal:

borislavamcoc.blogspot.com
While service providers don’t yet know whether they’ll receiv IOUs — or what the amounts will be — Spark y Harlan, CEO of the in Santa Clara, is preparerd for the worst. “We receive about $400,000 in state funding,” Harlab said. “We’re already accustomed to gettint money from the statdlate — last year, for example, it took until December before we finally got paid.” For this year and last year the centefr has relied on a $150,000 line of credit through to cover the gap, alonvg with $500,000 out of its reserve The center’s operating budget is $10 millio n for fiscal 2009-10.
The monety that may be on hold from the state in part, the center’s shelter and drop-inm program, street outreach, and parentin classes. “The problem right now is that we don’g know for certain how much they’rre going to hold back,” said Harlan, who has been with the centeer for26 years. “But this is by far the worsty I’ve ever seen.” In anticipation of the state’s budgegt problems, 10 percent cuts have already been plannefor foster-care payments. Locally there are 300 to 400 kids infostee care.
Foster care rates are the same across the so familiesin high-cost areas such as the Bay Area get the same amoungt of compensation as peoplw in more affordable places. “We’re frontiny half a million dollars already,” she said. It’s a layeree problem for the center, sinc e in addition to state money some comesz from the federal Housing and UrbanmDevelopment department. And Harlan said HUD is so slow it can take up to six monthsa for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlan said the Bill Wilsom Center has closed down two programs alreadyh and cut about 15 percent of its leaving about110 employees. These are real layoffs, she pointed out — not attrition or open jobs and “heartbreaking” to do. “Wwe had to give one staff person a layoff notice and a week late his wife was laid off fromanother nonprofit,” she in Campbell gets about $500,000 a year from the statd for its AIDS services. CFO Ira Holtzman said the agencty is large enough and financially stable enough that he wouldd just book an IOU as accounts receivable and hope the money camethrough eventually.
The Healthb Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive director of and Visually Impaired, which has offices in Palo Alto and Santaa Cruz, said that even thougbh her agency provides the kind of services that are especiallyu at risk in State Controller John Chiang’sz plan, the Vista Center is relatively “We receive money through Title 7 Chapte 2 services,” Brandin explained. “Since much of our funding is federalmoney we’re hoping that it has to be releasex and passed on; the state won’t be allowefd to hold on to it.” The Vista Centeer also has school contracts through special education funding.
“Last year when the states had similar budget issueswe didn’t receives any IOUs,” she said, “but that situatiom was resolved sooner than this appears to be. The agenciesd that receive IOUsprobably won’t even know they’re coming until they submit their She’s also banking on Vista Center’ds status as a preferred vendor with the state, “s we’ll be paid in advanc of other vendors — if in fact the state is even writing checks.” Lisa Hendrickson, president CEO of Avenidas Rose Kleinefr Senior Day Health Center in Palo is also cautiously optimistic.
“The only funds we receivde from the state are MediCal payments for services provide d at our adult daycare she said. “Our understanding is that thoses services are protected by the state constitutiom as well asfederal law. We do receivr funding indirectly through the butwe don’t expecg that to be affected.” Tom Kinoshita, publifc policy director of the , said peopls are on pins and “Everyone’s sitting around waiting, not knowing what’s goingy to happen.
But even with the most optimistixcoutcome it’s still going to be very He pointed out that the deficig last year for Santa Clara County was more than $270 and many of the cuts were made in programs arounx health, mental health, drugs and alcohol and sociapl services. And there’s no relief on the horizon: For 2011 the count y is looking at a deficiy ofabout $250 million, he