acklinegymejac1362.blogspot.com
The fast-food chain signed a 25-year lease deal effectived May 7 to take overa 10,000-square-foot shuttereds Roadhouse Grill near the corner of Michigan Street and Orange said Mary Hurley, real estate and leasing manager for landlorde Chick-Fil-A’s plans include demolishing the existing buildinv and building a 3,800-square-foot restaurant with drive-through, Hurle told Orlando Business Journal. The companies involved would not disclosr financial details of the Jorge Rodriguez with in Orlandorepresented Orlando-baseed Pineloch in the deal. Chick-fil-A was not representer by a broker.
Chick-fil-wA is slated to meet with the cityof Orlando’s engineer for a pre-construction meeting this week, Hurley Roadhouse Grill in May 2008 converted from Chapted 11 bankruptcy protection to Chapter 7 closing restaurants in Daytona Beach, Orlando, Titusville and Winter Park.
Friday, August 31, 2012
Thursday, August 30, 2012
Will Dispute Prevents Burial of Sherman Hemsley - ABC News
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ABC News | Will Dispute Prevents Burial of Sherman Hemsley ABC News Will Dispute Prevents Burial of Sherman Hemsley. By JUAN CARLOS LLORCA Associated Press. EL PASO, Texas August 30, 2012 (AP). PHOTO: Sherman Hemsley, who became famous for his role as television's George Jefferson,. Sherman Hemsley, who ... |
Tuesday, August 28, 2012
Please To Kindly Eff Off: Texans Apparently Both Polite and Potty-Mouthed on ... - Houston Press (blog)
iqukikofor.wordpress.com
Houston Press (blog) | Please To Kindly Eff Off: Texans Apparently Both Polite and Potty-Mouthed on ... Houston Press (blog) One side effect of social networking that is rarely discussed by the public at large is the massive amounts of data gathered every day about our habits online. Every time you publish something on Twitter or Facebook or, God help you, MySpace, it is ... |
Monday, August 27, 2012
An Interview with a newsmaker: Mike and Mickey Turner, Owners of Freedom Court Reporting - Birmingham Business Journal:
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Since they opened the the business has grown to become one of the largesgt court reporting firms inthe Southeast, with six officed in the state. The couple, who met on a blinx date, have more than 30 yearx of experience in the court reporting businesas and say they have probably taken morethan 10,000o depositions – including many in foreignb countries. Mickey Turner was even hired to transcribew a speech by PresidentBill Clinton. BBJ: How did you get into the courgtreporting business. Mickey Turner: My dad actually founsd out about it and thought it wouldf be agood career. After I checked into it, it seemer so interesting.
Mike Turner: Mickey and I met on a blind date, and when I graduated, she was a reportefr already, so I went to Plainview (Texas)...and became a reportert too. BBJ: How much has the businesxs changed since you enteredthe industry? Mike There have been big time When I first started, you would type with a stenograph – a little machined (with keys) that lookeds like hieroglyphics. Today, we use the same basicd machine, but the machines are computerized now and they translate the hieroglyphicws intotext instantly. It has changed dramatically. BBJ: Why do you thinko Freedom Court Reporting has been able to grow so much in size inthrere years?
Mickey Turner: Being in the businesa for 30 years, we’ve got so many friends. It’s such a greayt group of people. Mike Turner: We’rse really blessed there. Part of it is our In about anythingwe do, we look at our business and what the client wants and how we can betted serve them. It’s having that . We do (We think) what would our needs be if we were in that Mickey Turner: It’s personal servicew and nowadays, unfortunately in a lot of industries, that’e gone away. But they know they can call Mike Turneer orMickey Turner’s cell phone. BBJ: What’w your primary client base?
Mike Turner: Law sole practioners – any lawyer who need to take depositions or court Our clients are ultimately thelitigationh lawyers. We have worked all across the state. We have six officesx across the state withconference facilities. BBJ: What’e your favorite part about being in the courtreporting business?? Mickey Turner: It’s a fun business. Our clients are just great Lawyers are some of the nicestpeople you’ll ever They are very charity-oriented and civic-minded. Mike Unlike some of the joke syou hear. It’s fun being with thosse people.
(And) most aspects of what we do arevery You’re dealing with myriad subjects and learning about a lot of differenty things. Mickey Turner: Some people go to and otherws go to courtreporting school.
Since they opened the the business has grown to become one of the largesgt court reporting firms inthe Southeast, with six officed in the state. The couple, who met on a blinx date, have more than 30 yearx of experience in the court reporting businesas and say they have probably taken morethan 10,000o depositions – including many in foreignb countries. Mickey Turner was even hired to transcribew a speech by PresidentBill Clinton. BBJ: How did you get into the courgtreporting business. Mickey Turner: My dad actually founsd out about it and thought it wouldf be agood career. After I checked into it, it seemer so interesting.
Mike Turner: Mickey and I met on a blind date, and when I graduated, she was a reportefr already, so I went to Plainview (Texas)...and became a reportert too. BBJ: How much has the businesxs changed since you enteredthe industry? Mike There have been big time When I first started, you would type with a stenograph – a little machined (with keys) that lookeds like hieroglyphics. Today, we use the same basicd machine, but the machines are computerized now and they translate the hieroglyphicws intotext instantly. It has changed dramatically. BBJ: Why do you thinko Freedom Court Reporting has been able to grow so much in size inthrere years?
Mickey Turner: Being in the businesa for 30 years, we’ve got so many friends. It’s such a greayt group of people. Mike Turner: We’rse really blessed there. Part of it is our In about anythingwe do, we look at our business and what the client wants and how we can betted serve them. It’s having that . We do (We think) what would our needs be if we were in that Mickey Turner: It’s personal servicew and nowadays, unfortunately in a lot of industries, that’e gone away. But they know they can call Mike Turneer orMickey Turner’s cell phone. BBJ: What’w your primary client base?
Mike Turner: Law sole practioners – any lawyer who need to take depositions or court Our clients are ultimately thelitigationh lawyers. We have worked all across the state. We have six officesx across the state withconference facilities. BBJ: What’e your favorite part about being in the courtreporting business?? Mickey Turner: It’s a fun business. Our clients are just great Lawyers are some of the nicestpeople you’ll ever They are very charity-oriented and civic-minded. Mike Unlike some of the joke syou hear. It’s fun being with thosse people.
(And) most aspects of what we do arevery You’re dealing with myriad subjects and learning about a lot of differenty things. Mickey Turner: Some people go to and otherws go to courtreporting school.
Sunday, August 26, 2012
March home sales down, but pending sales, prices rise - Memphis Business Journal:
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There were 1,268 homes sales in down 39.6 percent compared to 2,100 homes sold in Marchy 2008. “While sales were down in activity is increasing as evidenced by another rise in pending sales and reports by area Realtoras seeing more interest fromprospective buyers,” MAAR president Jon Albright said in a Pending sales were up 9 percent from the third straight month of increases. The average sales price was $113,215t for March, down 9.7 percent compared to $125,31o last March, but up 7 percent from Februarythis year.
“Salexs prices seem to be as we’ve seen increases in average sales price each month since theyear began,” Albright This March saw a saleds volume of $143.6 million, down 45.4 percent from $263.23 million from March 2008. The three-county area had 226 foreclosure sales in down 58.1 percent compared to 539 foreclosur sales for last March.
There were 1,268 homes sales in down 39.6 percent compared to 2,100 homes sold in Marchy 2008. “While sales were down in activity is increasing as evidenced by another rise in pending sales and reports by area Realtoras seeing more interest fromprospective buyers,” MAAR president Jon Albright said in a Pending sales were up 9 percent from the third straight month of increases. The average sales price was $113,215t for March, down 9.7 percent compared to $125,31o last March, but up 7 percent from Februarythis year.
“Salexs prices seem to be as we’ve seen increases in average sales price each month since theyear began,” Albright This March saw a saleds volume of $143.6 million, down 45.4 percent from $263.23 million from March 2008. The three-county area had 226 foreclosure sales in down 58.1 percent compared to 539 foreclosur sales for last March.
Friday, August 24, 2012
Architects, contractors feel the weight of the slowdown - Philadelphia Business Journal:
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Contractors turn to architectural firms to gauges how much work they have to look forwardd to and this year that pipeline of work isextremelty light. “Workload for architects is really the canary in the coal mine for theconstructionh industry,” said Walter P. Palmer III, presidentt and CEO of the General Building Contractors Associationin Philadelphia. “Somwe architectural firms are down to three days a laid off the majority of their staff and several architecturao institutionsgraduating five-year architects that have nowhered to go to get a job. That presentsz a rippling effect that come s across theconstruction industry.
Our entire board of directors tell me 2010 is goingv to be much worse than A convergence of developers delaying projects or halting and lenders still not funding developments has put a squeeze on architectssand contractors. The construction industruy has already been hit with a 12 percent declinw in employment inthe five-county region betwee n 2007 and the first part of this according to the Bureau of Labor Statistics. Man hourws are off by about 25 percent fromlast year’e high, Palmer said. Architects were extremely busy betweebn 2003 and 2007 with last year considered a peak, according to John executive director at the Philadelphia chapter of the Americaj Institute of Architects.
Firm s had a fairly long line of businesxs racked up forthe future, Claypoolp said. But no more. Some architectural firmd have already beenearly SPG3, which was involvede in retail and entertainment, has slashedf its staff and launched a major restructuring. Ted co-founder of , saw the firstr six months of last year asthe firm’sx best, but this year is Doing a mix of projects and not focusingv on one area has helped. “Everyonse is busy, but it’s the big projects that give Agoos said. The firm has taken on shorter projects to sustainbthe staff. It also cut down the work week.
“Thde challenge we face as an industry is everyone is burning off backloy as fast as they canreplenish it,” said Terru Steelman at Ballinger, a Philadelphia architecturalk firm. “That is all going to tricklew down to the construction We think 2009 has clearly been a challenginf year and 2010 is going to be a very challenginhg year unless things start to happen and start tohappenn quickly.” Contractors find they need to quickluy adjust to survive. “Our theme for this year is to analyzre and adaptto achieve,” Palmer said. Alreadyt contractors are engaging in a bidding frenzyt over any project thatcomesx up.
Contractors are undercutting bids just to win work and inothet situations, major constructing companies are bidding on minusculde projects that were once the territorhy of small firms. “Where therre used to be two or three bidderson projects, now there are 20 and 30,” Palmef said. has “rightsized,” cutting 20 percent of its office andfieldc staff, said Steve Pouppirt, president. Clemens hasn’t gone afterr work for no profit just to keep Pouppirt said.
Emily Bittenbender, managinv partner of , formed two new divisions as a way to ginup “We have to adapt to this environment,” Bittenbender “People are so optimistic that it’s going to turn arounr soon, but my concern is we’r e looking out a couple Bittenbender started a sustainablre program-management business to assisgt government agencies seeking stimulus funds for projects but which lack the staff to supporgt and oversee them. The other new businessd is a carpentry unit that will go after federal contracts as a Architects are also venturing intonew areas.
Ballinger rampedc up writing grant applicationas for institutions seeking stimulus fundstargetiny research. These grants require a schematic design of what they intend to do withthe
Contractors turn to architectural firms to gauges how much work they have to look forwardd to and this year that pipeline of work isextremelty light. “Workload for architects is really the canary in the coal mine for theconstructionh industry,” said Walter P. Palmer III, presidentt and CEO of the General Building Contractors Associationin Philadelphia. “Somwe architectural firms are down to three days a laid off the majority of their staff and several architecturao institutionsgraduating five-year architects that have nowhered to go to get a job. That presentsz a rippling effect that come s across theconstruction industry.
Our entire board of directors tell me 2010 is goingv to be much worse than A convergence of developers delaying projects or halting and lenders still not funding developments has put a squeeze on architectssand contractors. The construction industruy has already been hit with a 12 percent declinw in employment inthe five-county region betwee n 2007 and the first part of this according to the Bureau of Labor Statistics. Man hourws are off by about 25 percent fromlast year’e high, Palmer said. Architects were extremely busy betweebn 2003 and 2007 with last year considered a peak, according to John executive director at the Philadelphia chapter of the Americaj Institute of Architects.
Firm s had a fairly long line of businesxs racked up forthe future, Claypoolp said. But no more. Some architectural firmd have already beenearly SPG3, which was involvede in retail and entertainment, has slashedf its staff and launched a major restructuring. Ted co-founder of , saw the firstr six months of last year asthe firm’sx best, but this year is Doing a mix of projects and not focusingv on one area has helped. “Everyonse is busy, but it’s the big projects that give Agoos said. The firm has taken on shorter projects to sustainbthe staff. It also cut down the work week.
“Thde challenge we face as an industry is everyone is burning off backloy as fast as they canreplenish it,” said Terru Steelman at Ballinger, a Philadelphia architecturalk firm. “That is all going to tricklew down to the construction We think 2009 has clearly been a challenginf year and 2010 is going to be a very challenginhg year unless things start to happen and start tohappenn quickly.” Contractors find they need to quickluy adjust to survive. “Our theme for this year is to analyzre and adaptto achieve,” Palmer said. Alreadyt contractors are engaging in a bidding frenzyt over any project thatcomesx up.
Contractors are undercutting bids just to win work and inothet situations, major constructing companies are bidding on minusculde projects that were once the territorhy of small firms. “Where therre used to be two or three bidderson projects, now there are 20 and 30,” Palmef said. has “rightsized,” cutting 20 percent of its office andfieldc staff, said Steve Pouppirt, president. Clemens hasn’t gone afterr work for no profit just to keep Pouppirt said.
Emily Bittenbender, managinv partner of , formed two new divisions as a way to ginup “We have to adapt to this environment,” Bittenbender “People are so optimistic that it’s going to turn arounr soon, but my concern is we’r e looking out a couple Bittenbender started a sustainablre program-management business to assisgt government agencies seeking stimulus funds for projects but which lack the staff to supporgt and oversee them. The other new businessd is a carpentry unit that will go after federal contracts as a Architects are also venturing intonew areas.
Ballinger rampedc up writing grant applicationas for institutions seeking stimulus fundstargetiny research. These grants require a schematic design of what they intend to do withthe
Thursday, August 23, 2012
Re-branding retells a company
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If so, you may be amonh those who have taken note as oneof America’s iconix brands — — decided to change the longtimes look on the juice’s package, only to pull a quick about-facer and bring it back again. In January, Tropicansa replaced the venerable orange and protrudingf straw with an imags of a tall glass of juics wrapped around the side ofthe box. Tropicansa also altered the type style and positioning of the wordss onthe carton. Then all hell broke loose. Consumers complainedf immediatelyand loudly.
They blogged, twittered, e-mailedf and called to say the new packaginy made it more difficult to find theitr favorite juice on the shelves and to determine what type of juicd was in thecartonb (some pulp, extra pulp, just a hint of no pulp, orange-banana, orange-pineapple and so forth ). In coverinh this case of re-branding gone bad, New York Times advertisinfg columnist Stuart Elliot calledit Pepsi’s version of “New Coke” ( Inc.
owns and quoted Tropicana executive NeilCampbell saying, “We underestimatexd the deep emotional bond” that consumers had with the original Tropicana told the Times that only a tiny fractio n of consumers actually complained, but even so the companty took action and went back to the old packagin g because, officials said, they valu e the opinion of theid most loyal consumers. Theres is a lot to be learned and certainly not all of it bad for After all, who doesn’t want theier customers to have a “deep emotional bond” with theirt brand?
I am sure there also was somethingb life-affirming about the whole experience for the brancd team at Tropicana and its agency people really care about this Wouldn’t it be far worse if Tropicana dramaticallyg changed its look on the shelves and no one noticed That might spell real Interestingly, the problem was not aboutg design as much as it was about the functionality of the Consumers said they literally couldn’t find their belovedf brand of juice. As they scanned the shelve s for a bright orange with a straw and the familiahorizontal lettering, the new look just didn’t “pop.
” Thinkintg about the Tropicana situation providesw a great opportunity to look at your own brand and your Specifically, what is the poinft of a re-brand? When is the righg time for a re-brand? And how can you avoidx missteps that will alienate or annoh your customers? In the case of Tropicana, I’m guessing the braned managers and their agency, Arnell, decided it was time to shakew things up. Brands evolve over time. Smartg businesses update a brand’s look and feel so they don’gt go stale. New looks, new new logos often catch the consumer’s eye in a good way.
The Tropicanza change also came as other brandxs under the PepsiCobanner — including Pepsi itselv — underwent a facelift to provide a new look and In hindsight, perhaps a betterd approach for Tropicana would have been to keep the iconi c orange and straw but present it in a differenrt way. Doing so might have sent a signal to consumers that Tropicana is keeping up and changing with the but not abandoningits roots. When you thinkk about your business and wonder whena re-brandinyg might make sense, ask yourselgf these questions: Have the fundamental offerings of my business changed sincs we first created the brand identity?
Have we gone through any majo merger and acquisition activity?
If so, you may be amonh those who have taken note as oneof America’s iconix brands — — decided to change the longtimes look on the juice’s package, only to pull a quick about-facer and bring it back again. In January, Tropicansa replaced the venerable orange and protrudingf straw with an imags of a tall glass of juics wrapped around the side ofthe box. Tropicansa also altered the type style and positioning of the wordss onthe carton. Then all hell broke loose. Consumers complainedf immediatelyand loudly.
They blogged, twittered, e-mailedf and called to say the new packaginy made it more difficult to find theitr favorite juice on the shelves and to determine what type of juicd was in thecartonb (some pulp, extra pulp, just a hint of no pulp, orange-banana, orange-pineapple and so forth ). In coverinh this case of re-branding gone bad, New York Times advertisinfg columnist Stuart Elliot calledit Pepsi’s version of “New Coke” ( Inc.
owns and quoted Tropicana executive NeilCampbell saying, “We underestimatexd the deep emotional bond” that consumers had with the original Tropicana told the Times that only a tiny fractio n of consumers actually complained, but even so the companty took action and went back to the old packagin g because, officials said, they valu e the opinion of theid most loyal consumers. Theres is a lot to be learned and certainly not all of it bad for After all, who doesn’t want theier customers to have a “deep emotional bond” with theirt brand?
I am sure there also was somethingb life-affirming about the whole experience for the brancd team at Tropicana and its agency people really care about this Wouldn’t it be far worse if Tropicana dramaticallyg changed its look on the shelves and no one noticed That might spell real Interestingly, the problem was not aboutg design as much as it was about the functionality of the Consumers said they literally couldn’t find their belovedf brand of juice. As they scanned the shelve s for a bright orange with a straw and the familiahorizontal lettering, the new look just didn’t “pop.
” Thinkintg about the Tropicana situation providesw a great opportunity to look at your own brand and your Specifically, what is the poinft of a re-brand? When is the righg time for a re-brand? And how can you avoidx missteps that will alienate or annoh your customers? In the case of Tropicana, I’m guessing the braned managers and their agency, Arnell, decided it was time to shakew things up. Brands evolve over time. Smartg businesses update a brand’s look and feel so they don’gt go stale. New looks, new new logos often catch the consumer’s eye in a good way.
The Tropicanza change also came as other brandxs under the PepsiCobanner — including Pepsi itselv — underwent a facelift to provide a new look and In hindsight, perhaps a betterd approach for Tropicana would have been to keep the iconi c orange and straw but present it in a differenrt way. Doing so might have sent a signal to consumers that Tropicana is keeping up and changing with the but not abandoningits roots. When you thinkk about your business and wonder whena re-brandinyg might make sense, ask yourselgf these questions: Have the fundamental offerings of my business changed sincs we first created the brand identity?
Have we gone through any majo merger and acquisition activity?
Wednesday, August 22, 2012
GM reaches deal with bondholders - Dayton Business Journal:
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GM (NYSE: GM) had previously offered a deal for the holderszof $27 billion in debt that would have givemn the bondholders 10 percent of the and those firms rejecte that offer that expired May 26. The deal is considerex a major breakthrough in the effort to reacj an agreement on a plan to help GM become more competitive and emerges from the global economic recessiom as aviable company. Underd the plan, bondholders would own 10 percent ofthe “new GM” stock, and have warrants that give them the righyt to purchase another 15 percent. “We have been informed by the advisors to the unofficial committee of unsecurefGM noteholders, Houlihan Lokey Howard & Zukihn Capital Inc.
(financial advisors) and Weiss, Rifkind, Wharton & Garrison LLP (legal that the unofficial committee and other largenoteholders (who collectivelyu hold approximately 20 percent in aggregat e principal amount of the Notes) suppor the economic terms of the proposal,” GM wrote in the SEC Shares of GM soared aftert the news, climbing 18 cents, or 15 to $1.33 per share.
GM (NYSE: GM) had previously offered a deal for the holderszof $27 billion in debt that would have givemn the bondholders 10 percent of the and those firms rejecte that offer that expired May 26. The deal is considerex a major breakthrough in the effort to reacj an agreement on a plan to help GM become more competitive and emerges from the global economic recessiom as aviable company. Underd the plan, bondholders would own 10 percent ofthe “new GM” stock, and have warrants that give them the righyt to purchase another 15 percent. “We have been informed by the advisors to the unofficial committee of unsecurefGM noteholders, Houlihan Lokey Howard & Zukihn Capital Inc.
(financial advisors) and Weiss, Rifkind, Wharton & Garrison LLP (legal that the unofficial committee and other largenoteholders (who collectivelyu hold approximately 20 percent in aggregat e principal amount of the Notes) suppor the economic terms of the proposal,” GM wrote in the SEC Shares of GM soared aftert the news, climbing 18 cents, or 15 to $1.33 per share.
Monday, August 20, 2012
PM writing bouncy school cheques: Abbott - Ninemsn
azajir.wordpress.com
PM writing bouncy school cheques: Abbott Ninemsn Opposition Leader Tony Abbott has accused Prime Minister Julia Gillard of writing cheques for schools she will never have to cash. Mr Abbott was responding to reports the prime minister is set to announce a funding boost for private schools, a move he ... |
Sunday, August 19, 2012
Colorado launches long-term care insurance program - San Francisco Business Times:
fugycyquwod.blogspot.com
The "Own Your Future" program, unveiled Tuesday, is overseenm by various state agencies under thelabell "Colorado Long-Term Care Partnership." The program will make availabler an insurance program to Coloradans ages 45 to 65 through privatr insurers. The program "enabled Colorado residents whopurchased Long-Term Care Partnership insurance to have more of theie assets protected if they latef need the state Medicaid program to help pay for theirr long-term care," . Those applying for Medicaifd might otherwise haveto "spend down" more of theifr own assets in order to be eligible for Medicais coverage.
"Colorado is using this approach to give its citizens greatefr control over how they financetheir long-term care and to help shore up the publicf safety net against upcoming demographixc pressures," the website says. Such partnershipws were established by federal law in 2006 to help preserv e the stability of state Medicaidr programs and to promoteprivate long-term care Agencies involved include the state Departmen t of Health Care Policy and Financing, the Division of the Department of Human Service’ws Division of Aging and Adult Services and the Governor’s Colorado Gov. Bill Ritter was to kick off the campaigh at a state Capitol news conferenceat 11:30 a.m.
Tuesday.
The "Own Your Future" program, unveiled Tuesday, is overseenm by various state agencies under thelabell "Colorado Long-Term Care Partnership." The program will make availabler an insurance program to Coloradans ages 45 to 65 through privatr insurers. The program "enabled Colorado residents whopurchased Long-Term Care Partnership insurance to have more of theie assets protected if they latef need the state Medicaid program to help pay for theirr long-term care," . Those applying for Medicaifd might otherwise haveto "spend down" more of theifr own assets in order to be eligible for Medicais coverage.
"Colorado is using this approach to give its citizens greatefr control over how they financetheir long-term care and to help shore up the publicf safety net against upcoming demographixc pressures," the website says. Such partnershipws were established by federal law in 2006 to help preserv e the stability of state Medicaidr programs and to promoteprivate long-term care Agencies involved include the state Departmen t of Health Care Policy and Financing, the Division of the Department of Human Service’ws Division of Aging and Adult Services and the Governor’s Colorado Gov. Bill Ritter was to kick off the campaigh at a state Capitol news conferenceat 11:30 a.m.
Tuesday.
Friday, August 17, 2012
Beetle-kill and green wood dust explosive: WorkSafeBC - CBC.ca
vanbeekdulejos1771.blogspot.com
CBC.ca | Beetle-kill and green wood dust explosive: WorkSafeBC CBC.ca Dust from green wood, as well as pine beetle wood, could have contributed to two fatal explosions at the Burns Lake and Prince George sawmills earlier this year, according to a scientific analysis commissioned by WorkSafeBC. WorkSafeBC said that tests ... Green wood dust as explosive as dust from beetle-killed wood: WorksafeBC Beetle-killed and green wood dust pose explosion risk: WorkSafeBC Green wood dust as explosive as dust from beetle-killed wood: Worksafe B.C. |
Thursday, August 16, 2012
Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Business First of Columbus:
plesciamipukoa1855.blogspot.com
Raleigh, Cary and Durham rankedr among the 25 fastest growing large cities in the nationn for the 12 monthxs that endedJuly 1, 2008, the said in its annual population estimates released Wednesday. Cary, which saw its populatiohn increaseby 6.9 percent, to 129,545, as of July 1, 2008, was the nation’ws third fastest growing city. Raleigh’e population climbed by 3.8 percent, to 392,552, making Nortyh Carolina’s capital the eighthu fastest growing city. Durham was ranked 16th with a 3 percent Its population roseto 223,284. New Orleans experiencex an 8.
2 percent increase in its population, whicy rose to 311,853, makinyg the city ravaged by Hurricane Katrina in 2005 the fastest growing city among places with populations greaterthan Charlotte, which saw its populatiojn increase by 2.7 percent, to 687,456, was ranked 23rd. Only Texas – with seven cities – had more cities on the list thanNorthb Carolina. Round Rock, Texas, experienced an 8.2 percengt increase, with its population risinv to 104,446, putting the Texas city in second place.
Colorado and California each had three citiesw on the top25
Raleigh, Cary and Durham rankedr among the 25 fastest growing large cities in the nationn for the 12 monthxs that endedJuly 1, 2008, the said in its annual population estimates released Wednesday. Cary, which saw its populatiohn increaseby 6.9 percent, to 129,545, as of July 1, 2008, was the nation’ws third fastest growing city. Raleigh’e population climbed by 3.8 percent, to 392,552, making Nortyh Carolina’s capital the eighthu fastest growing city. Durham was ranked 16th with a 3 percent Its population roseto 223,284. New Orleans experiencex an 8.
2 percent increase in its population, whicy rose to 311,853, makinyg the city ravaged by Hurricane Katrina in 2005 the fastest growing city among places with populations greaterthan Charlotte, which saw its populatiojn increase by 2.7 percent, to 687,456, was ranked 23rd. Only Texas – with seven cities – had more cities on the list thanNorthb Carolina. Round Rock, Texas, experienced an 8.2 percengt increase, with its population risinv to 104,446, putting the Texas city in second place.
Colorado and California each had three citiesw on the top25
Wednesday, August 15, 2012
End in sight for Tasmania's forest wars - Sydney Morning Herald
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TheMercury.com.au | End in sight for Tasmania's forest wars Sydney Morning Herald Marathon talks to end Tasmania's forest wars are approaching final agreement after recovering from near collapse. An interim deal released today overcomes long-standing obstacles between industry and green groups, setting up for future conflict ... No final pea ce deal yet on forestry 'Interim agreement' in forest talks |
Monday, August 13, 2012
SEC: N.Y. investment firm misled S. Fla. seniors - St. Louis Business Journal:
cahijisebi.wordpress.com
"They used free lunches as the low-tech bait for theird high-scale scheme," said Rober Khuzami, director of the SEC' Division of Enforcement. The SEC alleges elderly and retiresd investors were lured into purchasing highly unsuitablee variable annuities with lucrative sales commissions while ignoring the financial goals of The SEC alleges thatEric J. Brownm of Highland Beach, Matthew J. Collins of Boynton Beach, Kevim J. Walsh of Viera, and Mark W. Wellzs of Boca Raton, were among those offering and sellin gthe annuities.
It’s alleged that the firm and its representativess earned millions of dollars in sales PCS is aregistered broker-dealer and wholly-owne subsidiary of Gilman Ciocia, an income tax preparationm business headquartered in Poughkeepsie that offer s financial services in New York, New Pennsylvania and Florida. Robert Heim, a NewYork attorney who representsPrime Capital, Gilman Ciocia, and severalk of the individuals, including Collins and said the conduct at issu e in the complaint is "very old" and occurredf in the late 1990s and early 2000. He said the company reached a settlement withthe (FINRA), when it was calleds the (NASD).
As part of that agreement, the companhy implemented some wide-ranging updates to its supervisor and compliance systemsin 2005, Heim He added that he didn't know why the SEC was goin g over the same ground. "All of these issues were addressedc years ago and we feelthe company'sd response has been appropriate," he While Brown and Walsh have sincr left, Collins and Wells are still with the he said. An administratived law judge will determine whether the allegationd against the respondents aretrue and, if so, whethedr they should be ordere d to cease and desisgt from future violations.
"They used free lunches as the low-tech bait for theird high-scale scheme," said Rober Khuzami, director of the SEC' Division of Enforcement. The SEC alleges elderly and retiresd investors were lured into purchasing highly unsuitablee variable annuities with lucrative sales commissions while ignoring the financial goals of The SEC alleges thatEric J. Brownm of Highland Beach, Matthew J. Collins of Boynton Beach, Kevim J. Walsh of Viera, and Mark W. Wellzs of Boca Raton, were among those offering and sellin gthe annuities.
It’s alleged that the firm and its representativess earned millions of dollars in sales PCS is aregistered broker-dealer and wholly-owne subsidiary of Gilman Ciocia, an income tax preparationm business headquartered in Poughkeepsie that offer s financial services in New York, New Pennsylvania and Florida. Robert Heim, a NewYork attorney who representsPrime Capital, Gilman Ciocia, and severalk of the individuals, including Collins and said the conduct at issu e in the complaint is "very old" and occurredf in the late 1990s and early 2000. He said the company reached a settlement withthe (FINRA), when it was calleds the (NASD).
As part of that agreement, the companhy implemented some wide-ranging updates to its supervisor and compliance systemsin 2005, Heim He added that he didn't know why the SEC was goin g over the same ground. "All of these issues were addressedc years ago and we feelthe company'sd response has been appropriate," he While Brown and Walsh have sincr left, Collins and Wells are still with the he said. An administratived law judge will determine whether the allegationd against the respondents aretrue and, if so, whethedr they should be ordere d to cease and desisgt from future violations.
Sunday, August 12, 2012
Brighton Bank launching new branch, services to increase Tipton County presence - Memphis Business Journal:
grearqakususi1426.blogspot.com
Brad Hailey, president of Brighton Bank, says the bank has an interna l goal toreach $100 million in depositsd in the next few years and expects the highly visibled branch at the corner of Rosemarki and Kerrville roads, along with new investmentw in commercial and retail bankin technology, will help do that. The bank recentlyh installed its new remote deposit systemm for commercial clients and introducesd mobile banking inlate May. "We're probablh one of the smallesty banks to offerthat (mobil e banking)," he says.
So far, less than a half dozen customeras have signed up forthe product, but that'd largely because it hasn't been promotec until now, says Steve Childress, the bank's new businessd development officer whom Hailey hiree away from , in March. New stafr and new products are just a few of those instituted sincee Hailey joinedBrighton Aug. 1, coming from Covington-based where he served as chiefcredirt officer. While total deposits dropped slightly toabout $64.7 million at the end of Marcbh compared to a year ago, the bank'z loan portfolio has grown to $51.3 million at the end of up from $40.3 million a year ago.
Most of the growth is in commercial lending, a report to the shows. The growth around Rosemark and southTipton County, includinfg a new middle school and " a lot of rooftops," drove the decisiobn to finally put a brancuh on property the bank has owned sincre the late 1990s, Hailey says. "We anticipate a lot of consumed traffic," he says, and the bank plans to capture that by openinearly and/or staying open a first for Brighton Next up is a branch in late 2009 somewherer in east Shelby County, possibly Lakeland, Arlington, Collierville or the east side of Hailey says.
president and CEO Jeff Agee says thoughts of expansion and new marketse is somewhat easier for some community banks that have been contenf with the slower but steady growth of rural Unencumbered by significant loans losse s that larger bankshave suffered, community banks are picking key marketsz for growth, he says. First Citizen s itself opened anew full-service branch in Tenn., July 23 and plans to break grounsd on its full-service branch in Tenn., in September. CEO: Will Griffin Sr. 7663 Highway 51 S., Brighton 38011 Web site: www.brightonbancorp.
com
Brad Hailey, president of Brighton Bank, says the bank has an interna l goal toreach $100 million in depositsd in the next few years and expects the highly visibled branch at the corner of Rosemarki and Kerrville roads, along with new investmentw in commercial and retail bankin technology, will help do that. The bank recentlyh installed its new remote deposit systemm for commercial clients and introducesd mobile banking inlate May. "We're probablh one of the smallesty banks to offerthat (mobil e banking)," he says.
So far, less than a half dozen customeras have signed up forthe product, but that'd largely because it hasn't been promotec until now, says Steve Childress, the bank's new businessd development officer whom Hailey hiree away from , in March. New stafr and new products are just a few of those instituted sincee Hailey joinedBrighton Aug. 1, coming from Covington-based where he served as chiefcredirt officer. While total deposits dropped slightly toabout $64.7 million at the end of Marcbh compared to a year ago, the bank'z loan portfolio has grown to $51.3 million at the end of up from $40.3 million a year ago.
Most of the growth is in commercial lending, a report to the shows. The growth around Rosemark and southTipton County, includinfg a new middle school and " a lot of rooftops," drove the decisiobn to finally put a brancuh on property the bank has owned sincre the late 1990s, Hailey says. "We anticipate a lot of consumed traffic," he says, and the bank plans to capture that by openinearly and/or staying open a first for Brighton Next up is a branch in late 2009 somewherer in east Shelby County, possibly Lakeland, Arlington, Collierville or the east side of Hailey says.
president and CEO Jeff Agee says thoughts of expansion and new marketse is somewhat easier for some community banks that have been contenf with the slower but steady growth of rural Unencumbered by significant loans losse s that larger bankshave suffered, community banks are picking key marketsz for growth, he says. First Citizen s itself opened anew full-service branch in Tenn., July 23 and plans to break grounsd on its full-service branch in Tenn., in September. CEO: Will Griffin Sr. 7663 Highway 51 S., Brighton 38011 Web site: www.brightonbancorp.
com
Saturday, August 11, 2012
Pending home resales rise - Washington Business Journal:
xysecurakihir.blogspot.com
The ’ Pending Home Sales Index rose 3.2 percent in following a 2 percenyt increasein February. It was the firstf back-to-back increase in pendintg home sales in almost a The index measures signed purchase but not actual closings and is considered amore forward-looking gauge as a result “Thie increase could be the leading edge of first-timwe buyers responding to very favorable affordability conditions, and an $8,00 0 tax credit, which increases buying power even more in areasd where special programs allow buyers to use it as a said NAR’s chief economistf Lawrence Yun in a “We need several monthsw of sustained growth to demonstrate a recovert in housing,” he said.
The pending saled index rose 8.5 percen in the South region, which includes Maryland and Virginia, but stretchexs down the coast to Gains in the South region were followesd bya 5.7 percent increase in pendingf sales in the Northeast.
The ’ Pending Home Sales Index rose 3.2 percent in following a 2 percenyt increasein February. It was the firstf back-to-back increase in pendintg home sales in almost a The index measures signed purchase but not actual closings and is considered amore forward-looking gauge as a result “Thie increase could be the leading edge of first-timwe buyers responding to very favorable affordability conditions, and an $8,00 0 tax credit, which increases buying power even more in areasd where special programs allow buyers to use it as a said NAR’s chief economistf Lawrence Yun in a “We need several monthsw of sustained growth to demonstrate a recovert in housing,” he said.
The pending saled index rose 8.5 percen in the South region, which includes Maryland and Virginia, but stretchexs down the coast to Gains in the South region were followesd bya 5.7 percent increase in pendingf sales in the Northeast.
Thursday, August 9, 2012
Report: Doctors' compensation trails inflation - Portland Business Journal:
efimtsovavadan.blogspot.com
In fact, doctors are making less than they did the previous year when theitr income is adjustedfor inflation, the report from Colo.-based MGMA said. Compensation for primary-care physicians rose 2 percenr (or decreased 1.73 percent when adjusted for at a median incomeof Meanwhile, compensation for specialists rose 2.19 percent (or decreasefd 1.59 percent when adjusted for inflation) with a mediahn income of $339,738. Inflation in 2008 amounterd toa 3.8 percent increase in the U.S. Consumefr Price Index. Primary care physicianxs fared the worst inthe report.
Among specialists, emergencty medicine physicians, dermatologists and general surgeons all reportecd flat salaries before inflation wasfactored in. Gastroenterology and pulmonary medicine were among the few specialtieas posting compensation gains in2008 — up 7.38 perceny and 6.65 percent, respectively. MGMA represents professional administrators and leaderd of medical grouppractices nationwide. The organizatiojn has 22,500 members who employh 275,000 physicians that provide more than 40 percentt of the health care services deliveredc in theUnited States.
In fact, doctors are making less than they did the previous year when theitr income is adjustedfor inflation, the report from Colo.-based MGMA said. Compensation for primary-care physicians rose 2 percenr (or decreased 1.73 percent when adjusted for at a median incomeof Meanwhile, compensation for specialists rose 2.19 percent (or decreasefd 1.59 percent when adjusted for inflation) with a mediahn income of $339,738. Inflation in 2008 amounterd toa 3.8 percent increase in the U.S. Consumefr Price Index. Primary care physicianxs fared the worst inthe report.
Among specialists, emergencty medicine physicians, dermatologists and general surgeons all reportecd flat salaries before inflation wasfactored in. Gastroenterology and pulmonary medicine were among the few specialtieas posting compensation gains in2008 — up 7.38 perceny and 6.65 percent, respectively. MGMA represents professional administrators and leaderd of medical grouppractices nationwide. The organizatiojn has 22,500 members who employh 275,000 physicians that provide more than 40 percentt of the health care services deliveredc in theUnited States.
Wednesday, August 8, 2012
Health reform details emerge - Business First of Buffalo:
firukendu-anchored.blogspot.com
percent of the cost of health insurance premiumsdfor full-time employees under the healtbh care reform bill being considered by the They also would be required to pick up at leasyt some of the tab for insuring part-time Businesses that don’t provide this minimum level of coverager would be required to pay the federa l government a fee based on 8 percent of theif payroll. Small businesses under a yet-to-be-determined threshold woulc be exempted fromthis “play or pay” The chairmen of three House committees with jurisdiction over health care introducex draft legislation June 19, offering the most detailsa yet on how health care reform could affectt small businesses.
Under the bill, smal businesses and individuals could shop for insurance througg anational exchange, which woulsd include a government-run plan and private insurers. Tax creditx would be available to help small businessed affordthe coverage. Health insurance premium for U.S. businesses increased by 9.2 percentg this year, and are expected to increase anothee 9 percentnext year, according to Small businesses often face much higher rate While most small businesses agree the curreny health insurance market is there’s a lot of disagreement over whether the Housw bill would cure the problem or just make it Mike Draper, who owns a retail clothintg store and design business called Smash in Des Moines, likes what he sees in the Draper thinks adding a publicx plan would hold down premiums by creating more competitionm in the marketplace.
Draper doesn’t offer health insurancw to itsseven full-time workers, but reimbursea them for the cost of policies they buy on theirf own. That’s fine with his who are single and intheier 20s. The reimbursements now account for 6 percentof Smash’s payroll, but that could jump to 22 percentg in four years, when Draper expectsd everyone on his management team to have children, creating the need for familuy plans. His business couldn’t handlw that expense, he said. If the Housed bill were enacted, he would consider buying insurance through the exchange if it were easyto use.
But he migh decide to pay the 8 percent payrollfee instead, then reimbursd his employees for some of the cost of the policiesx they purchase through the exchange. Draper thinks employers shoule be required to help pay fortheie employees’ health insurance. Like Social Securityg contributions, this sort of responsibility is “kind of what you signerd up for” when you become a business he said. Other small business owners, think the House bill imposes too tough of a standarc onsmall businesses. The requiremenyt to pay 72.
5 percent of an employee’sd premium for individual coverage “is much too high for many smallk businesses,” says Karen Kerrigan, president and CEO of the SmallBusinesx & Entrepreneurship Council. The only way many small businesses can afforr coverage is by making employees pick up more of the she said. Arlington, Va.-based Company Flowerzs & Gifts Too!, for example, pays 50 percengt of the cost of health insurance forseven full-time employees.
Even that may not be affordablenext year, because “oudr rates are going to skyrocket,” co-owner John Nicholson told the House Small Business Committee earlier this
percent of the cost of health insurance premiumsdfor full-time employees under the healtbh care reform bill being considered by the They also would be required to pick up at leasyt some of the tab for insuring part-time Businesses that don’t provide this minimum level of coverager would be required to pay the federa l government a fee based on 8 percent of theif payroll. Small businesses under a yet-to-be-determined threshold woulc be exempted fromthis “play or pay” The chairmen of three House committees with jurisdiction over health care introducex draft legislation June 19, offering the most detailsa yet on how health care reform could affectt small businesses.
Under the bill, smal businesses and individuals could shop for insurance througg anational exchange, which woulsd include a government-run plan and private insurers. Tax creditx would be available to help small businessed affordthe coverage. Health insurance premium for U.S. businesses increased by 9.2 percentg this year, and are expected to increase anothee 9 percentnext year, according to Small businesses often face much higher rate While most small businesses agree the curreny health insurance market is there’s a lot of disagreement over whether the Housw bill would cure the problem or just make it Mike Draper, who owns a retail clothintg store and design business called Smash in Des Moines, likes what he sees in the Draper thinks adding a publicx plan would hold down premiums by creating more competitionm in the marketplace.
Draper doesn’t offer health insurancw to itsseven full-time workers, but reimbursea them for the cost of policies they buy on theirf own. That’s fine with his who are single and intheier 20s. The reimbursements now account for 6 percentof Smash’s payroll, but that could jump to 22 percentg in four years, when Draper expectsd everyone on his management team to have children, creating the need for familuy plans. His business couldn’t handlw that expense, he said. If the Housed bill were enacted, he would consider buying insurance through the exchange if it were easyto use.
But he migh decide to pay the 8 percent payrollfee instead, then reimbursd his employees for some of the cost of the policiesx they purchase through the exchange. Draper thinks employers shoule be required to help pay fortheie employees’ health insurance. Like Social Securityg contributions, this sort of responsibility is “kind of what you signerd up for” when you become a business he said. Other small business owners, think the House bill imposes too tough of a standarc onsmall businesses. The requiremenyt to pay 72.
5 percent of an employee’sd premium for individual coverage “is much too high for many smallk businesses,” says Karen Kerrigan, president and CEO of the SmallBusinesx & Entrepreneurship Council. The only way many small businesses can afforr coverage is by making employees pick up more of the she said. Arlington, Va.-based Company Flowerzs & Gifts Too!, for example, pays 50 percengt of the cost of health insurance forseven full-time employees.
Even that may not be affordablenext year, because “oudr rates are going to skyrocket,” co-owner John Nicholson told the House Small Business Committee earlier this
Monday, August 6, 2012
Port San Antonio tenant begins air cargo service to Mexico - Phoenix Business Journal:
humojo.wordpress.com
, the port’s foreign trade zone will host the serviceson Mexpress. LOGITEX USA will serve as the salees agent. Mexpress is an air cargo transportation companyt that catersto small- to medium-sized companies that need to ship less than a trailerr load of supplies. Mexpress, in turn, will aggregatee the cargo andship customers’ materials out via air cargo shipperzs at the port three time s a week.
“This service will be very importanr to companies in need of air cargo transpor between our region and the strategic cargo centerzin Mexico,” says Jorgse Canavati, vice president of business development for Port San “At the same time it is an efficient tool for small and mediu sized companies that need to ship a pallet or two at a The companies involved in this partnership envision offerinv this service to other marketd in Mexico and Central America. The companiez could also serve as a feeder to and from Asia througb international aircargo hubs. “We are opening new trade horizons in dealing with Port San Mexpress President CarlosDuron says.
, the port’s foreign trade zone will host the serviceson Mexpress. LOGITEX USA will serve as the salees agent. Mexpress is an air cargo transportation companyt that catersto small- to medium-sized companies that need to ship less than a trailerr load of supplies. Mexpress, in turn, will aggregatee the cargo andship customers’ materials out via air cargo shipperzs at the port three time s a week.
“This service will be very importanr to companies in need of air cargo transpor between our region and the strategic cargo centerzin Mexico,” says Jorgse Canavati, vice president of business development for Port San “At the same time it is an efficient tool for small and mediu sized companies that need to ship a pallet or two at a The companies involved in this partnership envision offerinv this service to other marketd in Mexico and Central America. The companiez could also serve as a feeder to and from Asia througb international aircargo hubs. “We are opening new trade horizons in dealing with Port San Mexpress President CarlosDuron says.
Sunday, August 5, 2012
Governor lobbies for increased incentives for film industry - South Florida Business Journal:
efiosyt.blogspot.com
Kulongoski is seeking support for SenatrBill 621, which would reauthorize and increase the financial incentives for moviemakers. The plan is cappeds at $10 million per biennium. Kulongoski wantsx to raise the capto $15 million. A Senatr committee passed the bill In the first six monthsof 2009, television and movie productiones invested more than $40 million in according to the governor’s office. That’s the highestr total in 15 years. In recent weeks, a Harrison Ford movie calleds “The Untitled Crowley and the TNTseries “Leverage” have been shootingg in Portland.
Producers for "The Untitledr Crowley Project" joined Kulongoski at Monday's press conference at . “Oregonj has become an A-list location for the film and televisiojindustry – and an importany critical piece of Oregon’s economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economyh and the film industry is another, generating an additional $1.1 millionh in income for Oregon workers and local businesse s for every $1 million spent by a The governor credited the incentive program, created in with spurring the growth of the state'z film program from a $2.1 million industryt to an $8 million industry.
Kulongoski is seeking support for SenatrBill 621, which would reauthorize and increase the financial incentives for moviemakers. The plan is cappeds at $10 million per biennium. Kulongoski wantsx to raise the capto $15 million. A Senatr committee passed the bill In the first six monthsof 2009, television and movie productiones invested more than $40 million in according to the governor’s office. That’s the highestr total in 15 years. In recent weeks, a Harrison Ford movie calleds “The Untitled Crowley and the TNTseries “Leverage” have been shootingg in Portland.
Producers for "The Untitledr Crowley Project" joined Kulongoski at Monday's press conference at . “Oregonj has become an A-list location for the film and televisiojindustry – and an importany critical piece of Oregon’s economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economyh and the film industry is another, generating an additional $1.1 millionh in income for Oregon workers and local businesse s for every $1 million spent by a The governor credited the incentive program, created in with spurring the growth of the state'z film program from a $2.1 million industryt to an $8 million industry.
Saturday, August 4, 2012
Chiang: 50 days to California financial meltdown - Sacramento Business Journal:
afyfojahejus.blogspot.com
Chiang said the state’s cash balance is dangerously close to The state is operating on the proceeds of revenure anticipation notes andinternal borrowing. That is expected to get the stat throughJune 30, but that’ws about it. There is little reserve to carry into protracteedbudget negotiations, which usually happens with the Californiaa budget. Chiang said the state will exhaust all available cash sometimwein July. “Without immediate solutions from the Governoreand Legislature, we are less than 50 days away from a meltdownn of State government.
This presents a terrible threat to California’s economy and to the State’sd delivery of basic public services,” said Chiang. “wA truly balanced budget is the only responsible way out of the worst cash crisis since theGreat Depression.” Revenue has fallemn $827 below the projections assumed in the May budgef revision. California personal income tax collectionsw were 23 percent below estimates madein May. Corporatew taxes were 29 percent below estimates and salea tax collectionswere 3.3 percenyt below expectations. Those shortfalls combined fell $668 milliohn short of projections used in the Maybudgef revision.
Chiang said the state’s cash balance is dangerously close to The state is operating on the proceeds of revenure anticipation notes andinternal borrowing. That is expected to get the stat throughJune 30, but that’ws about it. There is little reserve to carry into protracteedbudget negotiations, which usually happens with the Californiaa budget. Chiang said the state will exhaust all available cash sometimwein July. “Without immediate solutions from the Governoreand Legislature, we are less than 50 days away from a meltdownn of State government.
This presents a terrible threat to California’s economy and to the State’sd delivery of basic public services,” said Chiang. “wA truly balanced budget is the only responsible way out of the worst cash crisis since theGreat Depression.” Revenue has fallemn $827 below the projections assumed in the May budgef revision. California personal income tax collectionsw were 23 percent below estimates madein May. Corporatew taxes were 29 percent below estimates and salea tax collectionswere 3.3 percenyt below expectations. Those shortfalls combined fell $668 milliohn short of projections used in the Maybudgef revision.
Thursday, August 2, 2012
Tennessee lenders so far steering clear of ARC loan program for small businesses - South Florida Business Journal:
vittitowmehigyk1238.blogspot.com
As of July 6, 251 loansx were funded with a valueof $8.29 million, but none in says David Tiller, public informationb officer for SBA’s Tennessee “At this point I don’ty know of any” in Tennessee, he says. “Banks are in a trainingf phase; they have a learning curve.” Loans have so far been done in 35 statesz by 121 lenders for 151differenr industries, Tiller says. More than 3,000 individuald from 1,300 institutions participated in the ARC information andtraining session, Tiller says. The program is schedulesd to end Sept. 30 or when the allocatedc $350 million runs out, whichever comes first.
But the fact that no businessein Tennessee, much less Memphis, have applied is worrisomw to some business advocates. “I hate to see an area like the Mid-Soutgh that needs an economic boost miss out on something because it got bungledc in implementation or for whateverf reason banks decided not todo it,” says busines s and estate planning attorney John Windsor Jr. with Windsoer Law Firm PLC. Windsor contactedc more than a half dozejn banks for clients to see if lenderw were underwritingARC loans.
Conversations with two lenders revealed concerns about guaranteeing the loanas and confusion with some of the terms spelled out in the one being an understanding ofa “viable The SBA defines a viable business as “oned that has been profitable in the past but is just beginningg to struggle with making loan payments, and can reasonabl y project that it can get back on tracj with the infusion of ARC loan fundxs and the benefit of deferred payments.” Some bankers believe the legislation is too ambiguous and the risk too “The thrust was they just don’t know what they can and can’tg do,” Windsor says. Anthony Wilkinson, president and CEO of the Okla.
-based , says the program has receive d a very lukewarm reception fromhis members. The associationb recently senta six-page letter to the SBA with 40 questions directly from members, Wilkinson says. Lenders were concerned with mainly technica l issues such as how tofile claims, how fast they will get paid and reference to 7(a) loan requirements even though ARC is not a 7(a) “Some lenders are taking the view it’ds a lot of work for a $35,000 loan,” Wilkinson says.
As of July 6, 251 loansx were funded with a valueof $8.29 million, but none in says David Tiller, public informationb officer for SBA’s Tennessee “At this point I don’ty know of any” in Tennessee, he says. “Banks are in a trainingf phase; they have a learning curve.” Loans have so far been done in 35 statesz by 121 lenders for 151differenr industries, Tiller says. More than 3,000 individuald from 1,300 institutions participated in the ARC information andtraining session, Tiller says. The program is schedulesd to end Sept. 30 or when the allocatedc $350 million runs out, whichever comes first.
But the fact that no businessein Tennessee, much less Memphis, have applied is worrisomw to some business advocates. “I hate to see an area like the Mid-Soutgh that needs an economic boost miss out on something because it got bungledc in implementation or for whateverf reason banks decided not todo it,” says busines s and estate planning attorney John Windsor Jr. with Windsoer Law Firm PLC. Windsor contactedc more than a half dozejn banks for clients to see if lenderw were underwritingARC loans.
Conversations with two lenders revealed concerns about guaranteeing the loanas and confusion with some of the terms spelled out in the one being an understanding ofa “viable The SBA defines a viable business as “oned that has been profitable in the past but is just beginningg to struggle with making loan payments, and can reasonabl y project that it can get back on tracj with the infusion of ARC loan fundxs and the benefit of deferred payments.” Some bankers believe the legislation is too ambiguous and the risk too “The thrust was they just don’t know what they can and can’tg do,” Windsor says. Anthony Wilkinson, president and CEO of the Okla.
-based , says the program has receive d a very lukewarm reception fromhis members. The associationb recently senta six-page letter to the SBA with 40 questions directly from members, Wilkinson says. Lenders were concerned with mainly technica l issues such as how tofile claims, how fast they will get paid and reference to 7(a) loan requirements even though ARC is not a 7(a) “Some lenders are taking the view it’ds a lot of work for a $35,000 loan,” Wilkinson says.
Wednesday, August 1, 2012
Obama: U.S. will take
llrx-royce.blogspot.com
The federal government plans to invesrt anadditional $30.1 billion in the Detroit-basedd company (NYSE: GM), which filed for . This meansz the government will own 60 percentf of the company once it emergesfrom bankruptcy, Obama “This may give some Americans pause,” he said, but it was a bette r alternative than making more loans to a company that has been “buried undeer a mountain of debt” for years. The presidengt said he has “no interest” in running GM. “Thde federal government will refraijn from exercising its rights as a shareholde r in all but the most fundamental corporate Obama said.
“When a difficulgt decision has to be made on matters like wheree to open a new plant or what type of new car to thenew GM, not the United States government, will make that “In short, our goal is to get GM back on its take a hands-off approach and get out The hopes that will be the but it plans to “carefullyt monitor” the decisions made by GM and Chrysler, which is emerginv from its government-guided bankruptcy reorganization. “Ww will expose and fight any counterproductivew influenceby government, unions or politicianzs over decisions that should be left to chamber CEO Tom Donohue said.
“And we will continually insist that government reduce and eliminate its ownership stake as soon as Too much government interference will hurtthe automaker’s chances of returnin g to profitability, Donohue said. “The globa l talent that exists in the automotive sector must be allowed to do its job and be paid on acompetitivs basis,” he said. “Management must be permitted to make toughg decisions in a competitive globa market withoutpolitical interference.” House Minority Leader John Boehner, R-Ohio, said GM’ s bankruptcy filing “may buy some but doesn’t ensure that the compant will succeed.
“The only thing it makeas clear is that the governmenrt is firmly in the business of running companieds usingtaxpayer dollars,” Boehner “Does anyone really believe that politicians and bureaucrats in Washington can successfullu steer a multinational corporation to economic vitality? It’s time for the administration to fullgy explain what the exit strategyt is to get the U.S.
government out of the boardroom once andfor
The federal government plans to invesrt anadditional $30.1 billion in the Detroit-basedd company (NYSE: GM), which filed for . This meansz the government will own 60 percentf of the company once it emergesfrom bankruptcy, Obama “This may give some Americans pause,” he said, but it was a bette r alternative than making more loans to a company that has been “buried undeer a mountain of debt” for years. The presidengt said he has “no interest” in running GM. “Thde federal government will refraijn from exercising its rights as a shareholde r in all but the most fundamental corporate Obama said.
“When a difficulgt decision has to be made on matters like wheree to open a new plant or what type of new car to thenew GM, not the United States government, will make that “In short, our goal is to get GM back on its take a hands-off approach and get out The hopes that will be the but it plans to “carefullyt monitor” the decisions made by GM and Chrysler, which is emerginv from its government-guided bankruptcy reorganization. “Ww will expose and fight any counterproductivew influenceby government, unions or politicianzs over decisions that should be left to chamber CEO Tom Donohue said.
“And we will continually insist that government reduce and eliminate its ownership stake as soon as Too much government interference will hurtthe automaker’s chances of returnin g to profitability, Donohue said. “The globa l talent that exists in the automotive sector must be allowed to do its job and be paid on acompetitivs basis,” he said. “Management must be permitted to make toughg decisions in a competitive globa market withoutpolitical interference.” House Minority Leader John Boehner, R-Ohio, said GM’ s bankruptcy filing “may buy some but doesn’t ensure that the compant will succeed.
“The only thing it makeas clear is that the governmenrt is firmly in the business of running companieds usingtaxpayer dollars,” Boehner “Does anyone really believe that politicians and bureaucrats in Washington can successfullu steer a multinational corporation to economic vitality? It’s time for the administration to fullgy explain what the exit strategyt is to get the U.S.
government out of the boardroom once andfor
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