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Sunday, October 31, 2010
Saturday, October 30, 2010
Beige Book: Region
http://patrickblanchette.com/html/matrix.html
Consumer spending in the region was weak and is expecteds toremain soft, the closely watched survey said, but “ajn uptick in manufacturing orders helped stabiliz expectations for future production.” The Beigde Book also said that “commercial real estatw market conditions deteriorated, and energy activituy declined further.” Bankers, it said, “reported a rise in deposits and stabl loan demand with no erosion in loan It said consumer price and wage pressures remained low. producer prices “declined at a slower pace, with some firmds noting that higher commodity prices boosted materiall andfuel costs.
” Overall, the latest regional Beigw Book — covering a six-week periodx — was somewhat more optimistic than the last survey, release d April 15. The report covers the Fed’s Kansae City-based 10th District. It is based on interviewe with a sample of businesses representing key industries ineach district. The reportz are anecdotal and do notcontain statistics, but they are widelh followed and help the Fed to set national economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerhn Missouri and northern New Formally known asthe “Summary of Commentaryg on Current Economic Conditions by Federap Reserve District,” the Beige Book is publisher eight times a year. The latesrt report covers late Aprilthrough May. The Federa l Reserve’s 10th District is also knowb as the Kansas City districtf becausethe reserve’s regional bank is basesd there. .
Consumer spending in the region was weak and is expecteds toremain soft, the closely watched survey said, but “ajn uptick in manufacturing orders helped stabiliz expectations for future production.” The Beigde Book also said that “commercial real estatw market conditions deteriorated, and energy activituy declined further.” Bankers, it said, “reported a rise in deposits and stabl loan demand with no erosion in loan It said consumer price and wage pressures remained low. producer prices “declined at a slower pace, with some firmds noting that higher commodity prices boosted materiall andfuel costs.
” Overall, the latest regional Beigw Book — covering a six-week periodx — was somewhat more optimistic than the last survey, release d April 15. The report covers the Fed’s Kansae City-based 10th District. It is based on interviewe with a sample of businesses representing key industries ineach district. The reportz are anecdotal and do notcontain statistics, but they are widelh followed and help the Fed to set national economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerhn Missouri and northern New Formally known asthe “Summary of Commentaryg on Current Economic Conditions by Federap Reserve District,” the Beige Book is publisher eight times a year. The latesrt report covers late Aprilthrough May. The Federa l Reserve’s 10th District is also knowb as the Kansas City districtf becausethe reserve’s regional bank is basesd there. .
Thursday, October 28, 2010
Home heating assistance available for those in need - McDonough Voice
afyfojahejus.blogspot.com
Home heating assistance available for those in need McDonough Voice 1, assistance for the general, income-eligible public will be available. Individuals can c » |
Wednesday, October 27, 2010
Hendricks County Starts Tourism Campaign - 93.1 WIBC Indianapolis
onoeuqedol1902.blogspot.com
Hendricks County Starts Tourism Campaign 93.1 WIBC Indianapolis The Hendrick's County Convention and Visitors Bureau is embarking on a campaign to attract tourists to the area. The organization's associate director, ... |
Monday, October 25, 2010
BFC Financial, Woodbridge to merge - South Florida Business Journal:
http://joanstilesmusic.com/index_test.html
In a joint press release Monday, the Fort Lauderdale-based companiews said they entered into a mergerd agreement whereinWoodbridge (Pink Sheets: WDGH) would become a wholly owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majority voting stakeas in both Woodbridgeand BBX). BFC lost $58. 9 million on revenue of $487.5 millioh in 2008. Woodbridge owns , which is building Traditionb Florida inPort St. and has investments in various companies includinhand . Woodbridge lost $140.3 million on revenue of $25.5t million in 2008.
In its first quarter earnings report, Woodbridge warned that Core Communities could default on the loansx for Tradition Florida if its lenders demaned that it put more equitycapita down. Under the merger deal, all shareholders of Woodbridge Class A common stock except BFC wouldreceive 3.47 sharee of BFC’s Class A common stock per share. With shares of BFC openingt at 40cents Monday, it equalsw nearly $1.39 a share for each share of which opened at $1.10 Monday. Levan and Abdo are chairmanb andvice chairman, respectively, of both The merger would save between $1 million and $2 million in professional fees and SEC reportiny costs for the Levan said.
It would also reduce the taxes Woodbridgee would pay on its earningsa once it returnsto profitability, he said. Woodbridge pays taxes on its earnings, and then BFC pays taxes on the portionof Woodbridge’s earnings that it counts on its balancre sheet. The move will not causwe any staff reductions, Levan noted. Woodbridge will continu operate independently. The agreement would include all currentg board members of Woodbridgeon BFC’s new boarsd and add Woodbridge President Seth Wise and BankAtlantic Bancorpl President Jarett Levan to BFC’s 12-member board, as Wise would also become executivr vice president of BFC. The deal is expectedr to close before the endof 2009.
BFC shares closer unchanged at40 cents. The 52-weekk high was 95 cents on Sept. 2. The 52-weekk low was 6 cents on Feb. 5. Woodbridgr shares closed down 2 centsto $1.08. The 52-weeik high was $6.60 on Aug. 21. The 52-weekm low was 2 cents on Oct. 24.
In a joint press release Monday, the Fort Lauderdale-based companiews said they entered into a mergerd agreement whereinWoodbridge (Pink Sheets: WDGH) would become a wholly owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majority voting stakeas in both Woodbridgeand BBX). BFC lost $58. 9 million on revenue of $487.5 millioh in 2008. Woodbridge owns , which is building Traditionb Florida inPort St. and has investments in various companies includinhand . Woodbridge lost $140.3 million on revenue of $25.5t million in 2008.
In its first quarter earnings report, Woodbridge warned that Core Communities could default on the loansx for Tradition Florida if its lenders demaned that it put more equitycapita down. Under the merger deal, all shareholders of Woodbridge Class A common stock except BFC wouldreceive 3.47 sharee of BFC’s Class A common stock per share. With shares of BFC openingt at 40cents Monday, it equalsw nearly $1.39 a share for each share of which opened at $1.10 Monday. Levan and Abdo are chairmanb andvice chairman, respectively, of both The merger would save between $1 million and $2 million in professional fees and SEC reportiny costs for the Levan said.
It would also reduce the taxes Woodbridgee would pay on its earningsa once it returnsto profitability, he said. Woodbridge pays taxes on its earnings, and then BFC pays taxes on the portionof Woodbridge’s earnings that it counts on its balancre sheet. The move will not causwe any staff reductions, Levan noted. Woodbridge will continu operate independently. The agreement would include all currentg board members of Woodbridgeon BFC’s new boarsd and add Woodbridge President Seth Wise and BankAtlantic Bancorpl President Jarett Levan to BFC’s 12-member board, as Wise would also become executivr vice president of BFC. The deal is expectedr to close before the endof 2009.
BFC shares closer unchanged at40 cents. The 52-weekk high was 95 cents on Sept. 2. The 52-weekk low was 6 cents on Feb. 5. Woodbridgr shares closed down 2 centsto $1.08. The 52-weeik high was $6.60 on Aug. 21. The 52-weekm low was 2 cents on Oct. 24.
Sunday, October 24, 2010
A refresher course on stew cookery - Mail Tribune
http://www.airportbaku.com/604-8-p
A refresher course on stew cookery Mail Tribune It began with an e-mail from my pal, Vickie Taylor: "Need recipe for Makes Lots of Beef Stew." When I pressed her for more details, ... |
Friday, October 22, 2010
SJC: workers' comp includes uninsured jobs - Boston Business Journal:
http://joanstilesmusic.com/index_test.html
Lawyers for Michael Sellers had argued in lower courta and before a hearing board that he was entitledxto two-thirds wages from both employers. Massachusetts law states clearlty that wages from all of a insuredor self-insured employerz should be used in calculating average weekly pay for benefitsw purposes. But the state’s unemploymentf trust fund’s lawyers noted that one of Sellers’ two employerzs was neither insurednor Therefore, the fund argued, pay from that employer shoulfd not be figured into the average.
The SJC, however, said that the statutes was not explicit on the issus of uninsured employers and therefore shouls be interpreted according to its broader aim of replacinghinjured workers’ lost pay. “Precluding an injured employee such as Sellers from receiving wage replacementt benefits calculated on the basis of his concurrent employmenr because one of his employers failed to obtain compensation insurance would be contrary to the purpose ofthe act, is not compelle by the statutory language, and would be inconsistent with the mandat e of the definitional section of the act to consided the issue presented in the Supreme Judicial Court justicew wrote.
Lawyers for Michael Sellers had argued in lower courta and before a hearing board that he was entitledxto two-thirds wages from both employers. Massachusetts law states clearlty that wages from all of a insuredor self-insured employerz should be used in calculating average weekly pay for benefitsw purposes. But the state’s unemploymentf trust fund’s lawyers noted that one of Sellers’ two employerzs was neither insurednor Therefore, the fund argued, pay from that employer shoulfd not be figured into the average.
The SJC, however, said that the statutes was not explicit on the issus of uninsured employers and therefore shouls be interpreted according to its broader aim of replacinghinjured workers’ lost pay. “Precluding an injured employee such as Sellers from receiving wage replacementt benefits calculated on the basis of his concurrent employmenr because one of his employers failed to obtain compensation insurance would be contrary to the purpose ofthe act, is not compelle by the statutory language, and would be inconsistent with the mandat e of the definitional section of the act to consided the issue presented in the Supreme Judicial Court justicew wrote.
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