Thursday, May 31, 2012

Fed's Rosengren: further easing "appropriate, necessary" - Reuters

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Bloomberg


Fed's Rosengren: further easing "appropriate, necessary"

Reuters


"I believe further monetary policy accommodation is both appropriate and necessary," Boston Fed President Eric Rosengren said in remarks prepared for delivery to a meeting of the Worcester Regional Research Bureau. And if Europe's debt crisis worsens ...


Fed&# 39;s Rosengren backs further easing

MarketWatch



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Tuesday, May 29, 2012

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A “cash for clunkers” program proposedc in the American Clean Energy and Security Act woulde give car buyers a credit of upto $4,50 0 toward new-car purchases. That could reignite auto sales, whic are on pace for the worst yearsince 1979. “It’w a spectacular idea,” said Rhett Ricart, CEO of in Columbus. “It’lll speed up business.” The House Committed on Energy and Commerce estimateethe one-year program could add as many as 1 millionh sales this year. That woulxd be a 10 percent boost to the 10 million vehicle Americans are expected to buy in accordingto J.D. Power & Associates. U.S. Rep.
Bettt Sutton, D-Ohio, introduced the program both as an amendment to the energuy bill and asstandalone legislation. U.S. Sen. Sherror Brown, D-Ohio, stressed the importance of the bill in a May 20 discussiobn with reporters about thefedera government’s work to help the auto industrh in Ohio. Brown said he couldn’tf predict the proposal’s chance of approva l in Congress, but he’d like to see the incentivesx get tobuyers quickly.
He said it makesx sense to pass the program separately to get it President Barack Obama has said he supportss theHouse version, which is in committee, whilwe the Senate is working on a version, whichb may carry higher fuel economy standards, according to published reports. The program, whicb several European countries have would discountqualifying new-car purchases by either $3,50o0 or $4,500, depending on fuel efficiency Eligible cars for trade-inb would have to be at leastg a year old and have a combined EPA fuel economyu rating of 18 milesw per gallon or less.
The buyer wouldx get a $3,500 credit if the new vehicle gets betweenn 4 and 9 mpg more thanthe trade-ij and the full $4,5090 credit if the new vehicle gets at leas t 10 mpg better. For trucks, the trade-in minimum woulcd be 18 mpg, with a 2 mpg improvement necessaryfor $3,50p and a 5 mpg boost for the $4,500 Large light-duty trucks, which weigh between 6,000 and 8,50p pounds, would have a trade-in standard of 15 mpg and improvement thresholda of 1 mpg and 2 mpg.
Work which are more than 8,500 pounds, do not have mileag ratings, but 2001 vehicles or olderr would be eligible fora $3,500 Though the credit would be considerecd cash from the buyer’s point of view, consumers would not toucb the money. Dealers would get an electronic reimbursemenft from the government forthe credit, accordin to information from Congress. Germany, France and the Unites Kingdom have fleetmodernization Germany’s program boosted auto salesa by 20 percent since its Februaryu initiation, according to the . Any increase in domestic salesis welcome.
Ricart said his dealership group, whichg sells six brands, five of whicn are foreign makes, expects to benefit across most of the Foreign vehicles willdo well, while Ford has made fuel-efficiencty improvements that should attract customers as he said. “I don’t think you’lpl see people buying $35,000 cars, but you’ll see peopld who are looking for cars foreverydag transport,” he said. Ricart said the only concern for dealers is how quickly the governmenf wouldreimburse them. The supportse the House program.
“A cash for clunkers program gets gas-guzzlerws off the road and replaces them with more fueleconomicap vehicles,” Legislative Affairs Vice President David Regan said in a Trade-ins wouldn’t be resold, but insteadd sent to a salvagde operator to be scrapped. How that would be enforcerd has yet tobe Regan, in an April question-and-answer session posted on the organization’sa Web site, said the two key features for dealersd are that vouchers must be treated like cash from customeras to lower the amounr financed, and the progra would have to include all car makers, not foreignm or domestic alone.
“Dealers regardlesa of nameplatesare suffering,” he

Monday, May 28, 2012

Mom

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Turning the game of liar’s pokef into a business, Bill Harrington, a founder of Zipatoni; Paul founder of ; and Ron Gross have launches liarspoker.com, offering free and pay-to-play challengw tournaments. They hired programmers from places such as MIT to develop algorithms, which they patented and turneed into an online game of skill. Even though his company titleeis “exalted liar,” Harrington said it’ws all legal because “they are payingt a fee to enter a tournamen t in which the winner gets a guaranteedd prize. It’s like a golf tournament.” They are projecting a profitgof $750,000 this year, 40 percent of revenue.
Afftoj High grad Bill Thompson, retired CEO of and founder of the Thompsoh Center for Autism and Neurodevelopmental Disorders at the Universityof Missouri, is to be electefd to the board of directors April 21 in New Citi noted that Thompson grew PIMC O from $40 billion in client assets to $800 On April 23, he’ll be in town with Tony LaRussa for the “It’ws in the Cards” benefit for the Thompson For tickets, call 314-367-8118. Responding to the banking Kirk Briden, former head of Champion has launched Banker’s Caddy, providing quarterly bank performance ratings forsmaller banks.
Briden, a techno whiz, measures how much a bank’s performancre has changed due to market conditionx as opposed to strategyand “Just as an investment fund is measured againsyt a relative index, such as the S&P 500, community bank s should be,” he said. He’s projectinfg $250,000 in revenue this year. Dan Getman, who retirexd as a vice president fromin St. Louia in October, is taking over as president of the Kansa City Area LifeSciences Institute. The institute fosters collaboratiom among competitors such as the and the Universitgyof Missouri-Kansas City. Research activity amongb 10 universities, hospitals and institutes thereexceedsz $550 million a year.
Former Edward Jonezs partner Louis Wray is launching a $1 million, Web-based business that capitalizes not on the value of your but what it takes to make you happy. “Peoplee making $300,000 frequently are no more happy than peoplemaking $30,000,” Wray said. LiveAnewe is designed to help people lead fulfillinbglives — anything from teaching in Tahiti to volunteering for Habitat for Humanity in your home town. The New York Post’se Page Six gossip column April 8 spotlightecd August Busch IV in advance of a showinygof “Beer Wars Live,” a Michael Moore-style documentart by Anat Baron.
The colummn wondered whether The Fourth would beattendiny “incognito” and said he “does make a rather comicak cameo.” Also noted: his divorce from Kathrynn Lisa Thatcher Busch and his bounty from the A-B sale $86.6 million for his shares, a $13.3 millionn bonus, consulting fees of $10.44 million and $120,000 a monthb till 2013.

Saturday, May 26, 2012

'Fast lane' service at Albany airport gets 200 subscribers - The Business Review (Albany):

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The new iris and fingerprint scan systej and service was introduced at the Albany airportthis week, but frequent fliers have been signinh up since mid July. Clear, a verified identityg pass company, was first introduced at two yearxs ago and has become popular withbusinesz travelers, according to company foundere and Chief Executive Steven Brill. It takes about 10 minuteas at a Clear registration booth at the airport plus two to four weekws approval time by the for the initialsign up, Brilo said. The service allows members to avoid long linese at security areaswhere non-members are oftenj required to remove coats and The annual fee is $99.95.
Government employees, legislators and theif staff; law enforcement and emergency workersd can sign up at the same pricew for13 months. The biggesy impact of the service is at large airports where lines oftenbecome backlogged, said Brill, who createx several years ago. More than 53,000 peoples have signed up for the servic since it was first made availablein 2005. The servicer is now offered at eight airports arounrd the countryincluding Cincinnati, Ohio, Indianapolis, JFK in New York City, N.J., Orlando, Fla., Reno, Nev., and San Calif. Future airports will include Westchester, Little Rock, Ark.
, and San Albany International Airport expects to generateabout $90,000 a year in revenure through its agreement to host a Clear fast lane Clear employs about 300 servic workers at airports around the country, including 50 in New York.

Thursday, May 24, 2012

Lackland to gain 74,000 sf training complex - Phoenix Business Journal:

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million contract to build a new airfield maintenanced technical training complex at Lackland AirForces Base. The complex will support the Inter-Americam Air Forces Academy at Lackland. The government will build a 74,00 0 square foot complex at Lackland that willhouse classrooms, aircrafft operations and hangar maintenance training areas as well as administrativse space. The project is slated for completioj in the fallof 2010. The Inter-American Air Forces Academy currently offerd this training at PortSan Antonio, the former Kelluy Air Force Base.
By relocating technical training from Port San Antonipto Lackland, Port San Antonilo officials hope to reuse that space for additional commercial developmengt opportunities. The military is developing this complex as part of the 2005 San Antonio Base Realignmenr andClosure (BRAC) construction program. In all, the governmenty expects to spend morethan $2 billiom on BRAC-related construction. The Air Force Centeer for Engineering and the Environment selectedPlymouth Meeting, Pa.-based AMEC Earth Environmental Inc. as the contractor. Construction will be coordinatef out ofthe company’s San Antonio The Fort Worth District office of the U.S.
Army Corpse of Engineers will provideconstruction management.

Monday, May 21, 2012

Ford will stop Claycomo F-150 production for a week - Dallas Business Journal:

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The UAW Local 249 posted the informatiobn in a newsletter on itsWeb site. Local 249 Vice President Bobbhy Wyse confirmed Monday that the informationis accurate. The productionb stoppage comes a week before an alreadyscheduled one-week summer break for the entir plant starting June 29, a Locakl 249 spokeswoman said. The plant also is scheduler for a summer break during the weekof Aug. 17. Salez of Ford F-series trucksz were 33,381 in May, up 16 percent from 28,757 in Apri l but down 22.3 percent from 42,973 in May 2008.
UAW Localo 249 said the slight increasein month-to-montuh sales enabled Ford (NYSE: F) to cancelo the scheduled down week on June 22 at its F-150p truck plant in Dearborn, Mich., but the down week was left intactf at the Kansas City Assembly Plant. “This is partiallgy due to depleted funds forthe state’s Division of Unemployment in Michigan, making down weeks at (Dearborn) less of an the Local 249 said in the newsletter. Locap 249 added that sales projections continue to be less than the five shifts at the two truci plants can produce if they work full time througu the 2010production year. Ford runs two shifts at Claycomo and threein Dearborn.
Wyse said Ford is considerinv once again moving a shift fromthe F-150 side of the Kansas City Assembly Plant and puttinv them to work on the SUV side. nothing has been determined so far, he A year ago, Ford moved aboutg 800 workers from a second shift onthe F-15o side of the Kansas City plant to a third shift on the SUV The employees were moved back to the F-15 side on Jan. 12. Ford Escape sales in May reacheds 16,391, up 20.6 percent from 13,596 in April but down 7.2 percenr from 17,667 in May 2008. The Kansas City Assembly Plant also produces the Mercury Marine and hybrid versions of the Ford Escape andMercuryh Mariner.
Combined sales of hybrid versionws of theFord Fusion, Mercury Milan, Ford Escapse and Mercury Mariner reached 3,906 in May, a new compan y record. The old sales record of 3,420 hybrid vehicless was set inApril 2006. As of May, Ford’s Kansasw City Assembly Plant in Claycomo hadabouty 3,900 hourly and 200 salaried

Sunday, May 20, 2012

Attorney Russ prominent in air crash suit - Business First of Buffalo:

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This week, that role expanded considerably. In a meetinv of the attorneys representingvictimzs families, Russ was chosen to serve as the liaisonn counsel for the In that role, he will act as the primary spokesperson for the plaintiffs and will handle various administrative duties as the collective lawsuits move To date, Russ said families of approximately 35 of the crash victime are being represented by 20 firms, and of about 15 have filex lawsuits in connection with the crash. “We expect anothed 15 lawsuits to be filed within the next week or he said.
Russ said the familie of pilot Marvin Renslowand co-pilot Rebeccas Shaw, heavily criticized for their actions leadinb up to the crash, have not filedc any wrongful-death suits as of today. “It is anticipatefd that they will be represente and that they will file an actionagainst , the Russ said. “They can’t sue Colgan directly because theywere employees.” As for the remaining Russ said he anticipates the individual suits will be consolidated in an MDL (multi-district litigation) and he hopex they will then be sent to Buffalio to be handled by Hon. Judge William Skretny through discovery and the determinatiomnof liability.
Russ said he has hearc rumors thatColgan Air, the airlind that operated the flight on behalf of Continental Airlines, and their insurance carrier may be interestede in settling the lawsuits, but he has heared nothing concrete as of yet. “I’ve been telling our cliente that resolution in the cases is probably two or threesyears away,” Russ said. In the Russ said he will embrace his new role to coordinatee the efforts on behalf of thevictimes families.
“I’m very honored to have been chosen for this because there are some incredibleattorneys involved, both locally and nationally, but more importantly, I am reallh looking forward to being the voice of the families,” he “I don’t think we can do enougy to keep these cases in the publif eye. The ultimate goal of every family I have spoken is not so much to recover but to insure changes are made in the airlin industry and this kind of tragedy nevetrhappens again.

Friday, May 18, 2012

Onset Periods of Depression Linked to Different Dementias - Family Practice News Digital Network

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Onset Periods of Depression Linked to Different Dementias

Family Practice News Digital Network


Recurrent depression from midlife through late life increases the risk of vascular dementia, suggesting a progressive etiologic association with vascular disease, a large, long-term retrospective cohort study has shown. When depression begins only in ...



and more »

Thursday, May 17, 2012

Fein buys into familiar territory - Houston Business Journal:

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The firm, which has spent the last 20 yearx developing multifamily projects in Houstonand elsewhere, purchased two Innedr Loop apartment complexes last week the first transactions undetr the new strategy and the first time Martin Fein has acquiree an existing project in a Martin Fein returned to familiar territory by acquiring the Belmontr Apartments and Carlton Apartments, both of which were builft by the company itself. The 294-unit Belmong Apartments, located at 3000 Bissonnet, were completed in 1992. The Carltonb Apartments, with 222 units, were built at 3805 West Alabamain 1993.
“We thought this would be a greart opportunity to start anacquisition program,” says Jasojn Schlanger, Martin Fein’s vice president of “It’s a way for us to adapt to this currentg environment.”

Tuesday, May 15, 2012

Five ways LeBron beats Pacers - ESPN

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CBC.ca


Five ways LeBron beats Pacers

ESPN


Here are five ways he can beat the Pacers. James is a dual threat in the open court, one of those rare talents who's equ »

Monday, May 14, 2012

Goats for hire: Come with voracious appetites - WTOP

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WTOP


Goats for hire: Come with voracious appetites

WTOP


Prosperity Acres Farm owner, Mary Bowen, holds Sally, one of her green goats available for vegetation management. (WTOP/Michelle Basch) SUNDERLAND, Md. - If you have a big lawn you're tired of mowing or have overgrown land you need to clear, ...



Saturday, May 12, 2012

National Recording Artist Vanilla Ice Hosts Concert to Launch MR. FREEZE ... - Sacramento Bee

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National Recording Artist Vanilla Ice Hosts Concert to Launch MR. FREEZE ...

Sacramento Bee


By Six Flags Over Texas ARLINGTON, Texas, May 12, 2012 -- /PRNewswire/ -- Mr. Freeze: Reverse Blast was introduced at Six Flags Over Texas today with the ultimate cool dude, Vanilla Ice, performing in concert to offici »

Friday, May 11, 2012

Acrux Showcase Odisha Awards-2012 conferred - Orissadiary.com

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Orissadiary.com


Acrux Showcase Odisha Awards-2012 conferred

Orissadiary.com


Report by OrissaDiary.com bureau; Bhubaneswar: Showcase Odisha conferred Acrux Showcase Odisha Awards-2012 to ten Odia achievers. The awards have been instituted to acknowledge the success stories of Odisha. The Acrux Global Leader Award for Art and ...



< p class="p" size="-1">and more »

Wednesday, May 9, 2012

Golden Gate Bridge unveils new pavilion as part of 75th anniversary - Chicago Tribune

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CBS News


Golden Gate Bridge unveils new pavilion as part of 75th anniversary

Chicago Tribune


THE GOLDEN GATE Bridge's 75th Anniversary Pavilion, which will serve to help celebrate the span's birthday later this month, will swing open its doors to the public Tuesday. While it could be categorized as a glorified gift shop, there are enough ...


Golden Gate Bridge readies for 75th anniversary celebration

msnbc.com


Golden Gate Bridge's 1st visitor center to open

San Francisco Chronicle


Golden Gate Bridge 75th anniversary pavilion opens

Sacramento Bee


Marin Independent-Journal -Huffington Post


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Monday, May 7, 2012

PBJ poll: Raising corporate tax wrong - Triangle Business Journal:

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Sixty-seven percent said no, 29 percent said yes and 3 percentywere undecided. • “Nobody wants to pay highert taxes — least of all business ownere like me. However, the state must balance its budgef and we cannot cut out the vital services thatit • “Let’s stop demonizing government and acknowledge that tax revenues pay for vita l services.” • “The last thing Orego n needs is to give small businesses one more reason not to grow • “Oregon needs to stop lookinbg at this as an incomew problem and tag it as the spending problem that it • “How about a sales tax to increasw revenue?
” • “I don’ft get it. Why not repeal the kicker tax?” “The argument that a highert corporate income tax will drive away businessis • “Oregon, the land of trees and no jobs. This is a greaft way to run businesses out ofthe

Saturday, May 5, 2012

Two Aussie abattoirs caught in Harmony takeover - The Australian

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Two Aussie abattoirs caught in Harmony takeover

The Australian


ASIAN investment company PAG has bought Singapore's Harmony Investment Fund, which owns stakes in two Australian abattoirs. According to a PAG spokeswoman, the Harmony Fund includes a number of other investments, but she declined to go into the details ...


Ownership change at Kilcoy meatworks

ABC Online



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Friday, May 4, 2012

Aurora's Southlands shopping center damaged by tornado - Denver Business Journal:

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A twister reportedly touched down nearbyat 1:49 p.m. Sunday and crosserd through the area onan eight-- to 10-mile-long path for about 30 the said. . Firefighters found moderate damage at locatedat E-470 and Smoky Hill CBS4 News reported. Rooftop heating, venting and air-conditioning unitsd were damaged, windows were broken, a shed was destroyed, and a car was Natural-gas leaks also were Authorities shut down gas service to Southlandse earlySunday afternoon. No seriousz injuries were reported onthe shopping-center but a man in a nearbt neighborhood who was trying to take pictures reportedlty was hospitalized with unspecified serious injuries, accordinyg to news reports.
A Southlands spokeswoma told CBS4 most ofthe center'as stores will be closed Monday to allow for continued damagw assessment. She said customers should call individual stores to verift whether they are closedor open. which opened in 2006, is the Denvef area's largest shopping center by retail at 1.7 million square feet. It consistes of several freestanding buildings connectee by pedestrian corridorsand streets. The complex is ownedc by Granite Southlands Town Centet LLC and managed by Forest City Commercia lManagement Inc. Four other tornadoes were spotted north and east of DenveSunday afternoon, and baseball-sized hail strucjk some areas.
As many as 3,000 customerss were without power for a time in parts of Aurorazand Centennial. .

Wednesday, May 2, 2012

The Peril of Rahm Emanuel's Public Private Partnerships - Huffington Post

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The Peril of Rahm Emanuel's Public Private Partnerships

Huffington Post


Dozens of websites and tons of business literature warn about the perils of partnerships. They all say: pay attention to the details now or pay the price later in litigation over ambiguities, poorly drafted language or the unanticipated and ...



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