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. |
Monday, January 30, 2012
10 years after beef plant fire, Founders Park is a “hidden jewel†- Rapid City Journal
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Saturday, January 28, 2012
Seahawks Pick Courtney Upshaw In Latest Mock - 12th Man Rising
deeshu-tatum.blogspot.com
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 ... |
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
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:
ukatekexo.wordpress.com
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.
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.
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.
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
nadezhdaqedyxos.blogspot.com
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 Range Resources Says Q4 Prod uction "Exceeds Guidance" - Quick Facts Range Resources Q4 production up 16 pct |
Sunday, January 15, 2012
RealtyTrac: May foreclosures down in Ohio - Wichita Business Journal:
ishinlyuboqemija.blogspot.com
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.
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
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
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
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
Friday, January 6, 2012
Mortgage rates reach 6-month high - Sacramento Business Journal:
cahijisebi.wordpress.com
says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last week. The last time long-term mortgagse rates were this high was inNovember 2008. Adjustable-rate mortgages also rose, with the average one-yeatr ARM now above 5 percent at 5.04 percent. “Mortgage rates followed the increase in bond yieldsthis week,” says Freddir Mac (NYSE: FRE) chief economist Frank Nothaft, who notes a better-than-expectedd unemployment report moved yields “As a result, federal fundsd futures rose after the report, signaling that the markety expects the Federal Reservew may raise its benchmark rate sooner rather than later.
” A report from the this week showe d rising mortgage rates are slowing the demande for mortgage refinancing. Mortgage applications last weekfell 7.2 percent, led by a 12 percenyt decline in refinancing. Refinancing existing mortgages still makes up abougt 60 percent of the mortgageunderwriting business.
says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last week. The last time long-term mortgagse rates were this high was inNovember 2008. Adjustable-rate mortgages also rose, with the average one-yeatr ARM now above 5 percent at 5.04 percent. “Mortgage rates followed the increase in bond yieldsthis week,” says Freddir Mac (NYSE: FRE) chief economist Frank Nothaft, who notes a better-than-expectedd unemployment report moved yields “As a result, federal fundsd futures rose after the report, signaling that the markety expects the Federal Reservew may raise its benchmark rate sooner rather than later.
” A report from the this week showe d rising mortgage rates are slowing the demande for mortgage refinancing. Mortgage applications last weekfell 7.2 percent, led by a 12 percenyt decline in refinancing. Refinancing existing mortgages still makes up abougt 60 percent of the mortgageunderwriting business.
Wednesday, January 4, 2012
There's no one size fits all when it comes to NFL coaches - NFL News
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NFL News | There's no one size fits all when it comes to NFL coaches NFL News By Michael Lombardi NFL Network By Michael Lombardi NFL Network One day in the mid-1980s, Bill Walsh was telling me about his overall philosophy in football and what he felt was the best way to procure talent. The legendary 49ers coach believed the ... |
Monday, January 2, 2012
Austin Ventures launches Brazos Software Corp. - Austin Business Journal:
tatyanagepoji.blogspot.com
is AV's latest launch in its CEO-in-residence program. The companhy has been formed in partnership with local software executivex Scott Harmon and Sean who are serving as CEO and chief operatingyofficer respectively. Brazos will focus on buying andexpanding well-establishexd software companies with solids track records of success. Harmon is a software sector veteran and has held leadership posta with companies such as Tivol Systems andMotive Communications. Fallonj was most-recently senior vice president of Trilogy where he investe morethan $100 million in capitapl and led the company's merge r and acquisition initiatives.
“With Scottt and Sean, we believe we have put togethefr a truly dynamic and complementary software executive saidMichael Rovner, AV Partner. “Betweenm Scott’s track record of growing innovativeand category-leading softwar companies and Sean’s history of acquiring and efficientlyy operating software businesses, we have the righg leadership team to creatre a highly successful software company.” Harmon said the partnership with AV offers a uniqude opportunity.
“AV has made a significantt investment commitmentto Brazos," he "They also bring a deep understanding and successfulo track record of building a company’s long-term operating successd while simultaneously generating superior returns for the company’s investors and shareholders.”
is AV's latest launch in its CEO-in-residence program. The companhy has been formed in partnership with local software executivex Scott Harmon and Sean who are serving as CEO and chief operatingyofficer respectively. Brazos will focus on buying andexpanding well-establishexd software companies with solids track records of success. Harmon is a software sector veteran and has held leadership posta with companies such as Tivol Systems andMotive Communications. Fallonj was most-recently senior vice president of Trilogy where he investe morethan $100 million in capitapl and led the company's merge r and acquisition initiatives.
“With Scottt and Sean, we believe we have put togethefr a truly dynamic and complementary software executive saidMichael Rovner, AV Partner. “Betweenm Scott’s track record of growing innovativeand category-leading softwar companies and Sean’s history of acquiring and efficientlyy operating software businesses, we have the righg leadership team to creatre a highly successful software company.” Harmon said the partnership with AV offers a uniqude opportunity.
“AV has made a significantt investment commitmentto Brazos," he "They also bring a deep understanding and successfulo track record of building a company’s long-term operating successd while simultaneously generating superior returns for the company’s investors and shareholders.”
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