Ruling on retiree health care could spur negotiations San Diego Union Tribune The decision comes as city officials negotiate with labor leaders on a dramatic overhaul of retiree health with the goal of significantly reducing the city's $1.1 billion funding deficit for the benefit. A deal that could potenti » |
Saturday, April 30, 2011
Ruling on retiree health care could spur negotiations - San Diego Union Tribune
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Thursday, April 28, 2011
International Paper to Host Investor Day on June 9
moakhamet84.blogspot.com
June 2 /PRNewswire-FirstCall/ -- International Paper IP) is hosting an Investord Day on Tuesday, June 9 from 8 a.m. to noon ET in New York City to discuswthe company's global strateghy and long-term goals particularly as they relatde to the company's Industrial Packaging and Printing Paper s businesses. The event will be hosted by , chairman and CEO, and will include presentationsby , chief financial officer; , senio vice president of Industriak Packaging; and , senior vice president of Printinh & Communications Papers.
In-persom attendance is limited to invited member s of theinvestment However, the event will be webcasyt live, and all interested parties are invited to listej via International Paper's Internet site at by clicking on the Investora tab and then clicking on the Presentations A replay of the webcast also will be availabled on the Web site beginning approximately three hours after the presentation. International Paped (NYSE: IP) is a global paper and packagingt company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and Nortjh Africa.
Its businesses include uncoated paperd and industrial and consumer complementedby xpedx, the company's North Americann distribution company. Headquartered in Memphis, the company employs more than 61,50o0 people in more than 20 countriews and servescustomers worldwide. 2008 net salesz were approximately $25 billion. For more information abouf International Paper, its products and stewardship efforts, visiy .
June 2 /PRNewswire-FirstCall/ -- International Paper IP) is hosting an Investord Day on Tuesday, June 9 from 8 a.m. to noon ET in New York City to discuswthe company's global strateghy and long-term goals particularly as they relatde to the company's Industrial Packaging and Printing Paper s businesses. The event will be hosted by , chairman and CEO, and will include presentationsby , chief financial officer; , senio vice president of Industriak Packaging; and , senior vice president of Printinh & Communications Papers.
In-persom attendance is limited to invited member s of theinvestment However, the event will be webcasyt live, and all interested parties are invited to listej via International Paper's Internet site at by clicking on the Investora tab and then clicking on the Presentations A replay of the webcast also will be availabled on the Web site beginning approximately three hours after the presentation. International Paped (NYSE: IP) is a global paper and packagingt company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and Nortjh Africa.
Its businesses include uncoated paperd and industrial and consumer complementedby xpedx, the company's North Americann distribution company. Headquartered in Memphis, the company employs more than 61,50o0 people in more than 20 countriews and servescustomers worldwide. 2008 net salesz were approximately $25 billion. For more information abouf International Paper, its products and stewardship efforts, visiy .
Tuesday, April 26, 2011
Project Safe Neighborhoods Credited With Reducing Violent Crime
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The purpose of Project Safe Neighborhoods is to reduc the incidence of gun violencedin Chicago's most afflicted neighborhoods. "Project Safe Neighborhoods' objective is achieve d througha multi-faceted approacg that includes law enforcement, intervention, and prevention strategies. Participantss carry out these strategies through the developmentg of partnershipsamong Federal, State and Locapl government as well as community and faith-basee providers," according to J.R. Davis , Chairman of the Chicagko Crime Commission.
"Project Safe Neighborhoods' comprehensive strategyh is designed to prevent youth from committinvg agun crime; intervend in the lives of those individuals struggling to re-integrate into society following releases from prison; and prosecute to the fullest exteng of the law those individualws who choose to threaten the safety of Chicago's neighborhoodws by committing a gun crime," he added. The cornerstond of the program, headed up by the Northern Districr ofIllinois U.S. Attorney's Office, is that everyu state defendant charged witha gun-relaterd offense is reviewed for federal prosecution.
"In the worlde of 'bad guys,' goingt to federal prison and beinv cut off from familu and fellow gang members is absolutely the worst thing that can happemto you," said Davis. the U.S. Attorney's Office, in partnership with the ChicagoPolicre Department, the Cook County State's Attorneys Office and federal law enforcemen t agencies, is aggressively prosecuting gang members and organizationsw in an effort to stem the violencs that street gangs bring to Chicago's neighborhoods and the surroundinb communities," he continued.
"Despitre last weekend's spike in violent the number of murders in Chicago is on the decline compared to last year and is currentlyt tracking at the 2007 homicide rateof 442. this figure represents a significant reduction from the high of 761 murdersein 1997," Davis continued. While this data is promising, more work must be "An analysis of murders from 1991 through 2008 demonstratez that shootings were the predominantf cause during thattime period, rangint from 69 percent in 1991 to over 80 percen t in 2008," Davis continued.
"Also, of all murders committed in 2008 where motivewas identified, street gang altercation was the motiv in more than 35 percent of them," he Davis believes Project Safe Neighborhoods will continue to be a leadet in addressing violent crime in Chicago and will have a significanty impact on reducing murders in the city. Contact: John Pastuoviv 630-782-0795 (office) 312-925-9092 (cell) john@jpcpr.
cokm (e-mail)
The purpose of Project Safe Neighborhoods is to reduc the incidence of gun violencedin Chicago's most afflicted neighborhoods. "Project Safe Neighborhoods' objective is achieve d througha multi-faceted approacg that includes law enforcement, intervention, and prevention strategies. Participantss carry out these strategies through the developmentg of partnershipsamong Federal, State and Locapl government as well as community and faith-basee providers," according to J.R. Davis , Chairman of the Chicagko Crime Commission.
"Project Safe Neighborhoods' comprehensive strategyh is designed to prevent youth from committinvg agun crime; intervend in the lives of those individuals struggling to re-integrate into society following releases from prison; and prosecute to the fullest exteng of the law those individualws who choose to threaten the safety of Chicago's neighborhoodws by committing a gun crime," he added. The cornerstond of the program, headed up by the Northern Districr ofIllinois U.S. Attorney's Office, is that everyu state defendant charged witha gun-relaterd offense is reviewed for federal prosecution.
"In the worlde of 'bad guys,' goingt to federal prison and beinv cut off from familu and fellow gang members is absolutely the worst thing that can happemto you," said Davis. the U.S. Attorney's Office, in partnership with the ChicagoPolicre Department, the Cook County State's Attorneys Office and federal law enforcemen t agencies, is aggressively prosecuting gang members and organizationsw in an effort to stem the violencs that street gangs bring to Chicago's neighborhoods and the surroundinb communities," he continued.
"Despitre last weekend's spike in violent the number of murders in Chicago is on the decline compared to last year and is currentlyt tracking at the 2007 homicide rateof 442. this figure represents a significant reduction from the high of 761 murdersein 1997," Davis continued. While this data is promising, more work must be "An analysis of murders from 1991 through 2008 demonstratez that shootings were the predominantf cause during thattime period, rangint from 69 percent in 1991 to over 80 percen t in 2008," Davis continued.
"Also, of all murders committed in 2008 where motivewas identified, street gang altercation was the motiv in more than 35 percent of them," he Davis believes Project Safe Neighborhoods will continue to be a leadet in addressing violent crime in Chicago and will have a significanty impact on reducing murders in the city. Contact: John Pastuoviv 630-782-0795 (office) 312-925-9092 (cell) john@jpcpr.
cokm (e-mail)
Saturday, April 23, 2011
Farmers develops
jidyryq.wordpress.com
Customers who add “Eco-Rebuild” option to their homeowners’ policieas will have access, as part of to $25,000 to rebuild or replace a homeusing materials, upgrade qualified homes to meet Energy Star requirementsx and be reimbursed for recycling debris rather than disposing of it. Jeff senior vice president of home product managementfor Farmers, says the companyh is working to give earth-conscious consumers an optiobn previously not available to them in Texas. “Thie is quite literally an investment in our global futurde and we are excited to be the industry leaders,” he says.
Farmers is making the Eco-Rebuild option available in 29statew altogether, including Texas. Los Angeles-based Farmers is the nation’s third-largestf personal lines property and casualtyinsurance group. Farmersd provides homeowners, auto, business, life insurance and financial services to more than 10millionm households. The company is a whollgy owned subsidiaryof . Web site: www.farmers.co m
Customers who add “Eco-Rebuild” option to their homeowners’ policieas will have access, as part of to $25,000 to rebuild or replace a homeusing materials, upgrade qualified homes to meet Energy Star requirementsx and be reimbursed for recycling debris rather than disposing of it. Jeff senior vice president of home product managementfor Farmers, says the companyh is working to give earth-conscious consumers an optiobn previously not available to them in Texas. “Thie is quite literally an investment in our global futurde and we are excited to be the industry leaders,” he says.
Farmers is making the Eco-Rebuild option available in 29statew altogether, including Texas. Los Angeles-based Farmers is the nation’s third-largestf personal lines property and casualtyinsurance group. Farmersd provides homeowners, auto, business, life insurance and financial services to more than 10millionm households. The company is a whollgy owned subsidiaryof . Web site: www.farmers.co m
Thursday, April 21, 2011
HUD: Stimulus tax credit can be used on first-home purchase - Washington Business Journal:
isexufehub.wordpress.com
Under the American Recovery and Reinvestment Actof 2009, first-timwe homebuyers can qualify for the tax creditr for purchasing their first home after filint their taxes. But under a new prograjm announced Friday, state housint finance agencies and nonprofit groups can advanc e money to homebuyers up to the full amount of theirf tax credit so the money can be used on a home either to pay closing costs or to add to adown "Home buyers using FHA-approved lenders can apply the tax creditf to their down payment in exces of 3.5 percent of appraised valur or their closing which can help achiev e a lower interest rate," a HUD announcement said.
"Familiess will now be able to apply their anticipated tax credit toward theird home purchaseright away," Donovan said in the "At the same time we are puttinb safeguards in place to ensure that consumers will be protected from unscrupuloue lenders. What we're doing today will not only help these familiea to purchase their first home but will present an enormouds benefit for communities strugglin g to deal with an oversuppluyof housing." The stimulus tax credit can be claimec on a taxpayer's 2009 or through an amended 2008 return. FHA will still requiree that homebuyers paya 3.5 perceny down payment.
HUD cited National Association of Home Builders data showinh thatthe first-time homebuyer tax credit will stimulatse 160,000 home sales acrosz the nation, with 101,000 of those sales beingg to first-time buyers and 59,000 to existing homeowners who be able to sell theid home to a first-time buyer. .
Under the American Recovery and Reinvestment Actof 2009, first-timwe homebuyers can qualify for the tax creditr for purchasing their first home after filint their taxes. But under a new prograjm announced Friday, state housint finance agencies and nonprofit groups can advanc e money to homebuyers up to the full amount of theirf tax credit so the money can be used on a home either to pay closing costs or to add to adown "Home buyers using FHA-approved lenders can apply the tax creditf to their down payment in exces of 3.5 percent of appraised valur or their closing which can help achiev e a lower interest rate," a HUD announcement said.
"Familiess will now be able to apply their anticipated tax credit toward theird home purchaseright away," Donovan said in the "At the same time we are puttinb safeguards in place to ensure that consumers will be protected from unscrupuloue lenders. What we're doing today will not only help these familiea to purchase their first home but will present an enormouds benefit for communities strugglin g to deal with an oversuppluyof housing." The stimulus tax credit can be claimec on a taxpayer's 2009 or through an amended 2008 return. FHA will still requiree that homebuyers paya 3.5 perceny down payment.
HUD cited National Association of Home Builders data showinh thatthe first-time homebuyer tax credit will stimulatse 160,000 home sales acrosz the nation, with 101,000 of those sales beingg to first-time buyers and 59,000 to existing homeowners who be able to sell theid home to a first-time buyer. .
Tuesday, April 19, 2011
Red Wings respond to Coyotes' physical play with goals, big win - MLive.com
ulyanaimiiurebor.blogspot.com
Kansas City Star | Red Wings respond to Coyotes' physical play with goals, big win MLive.com The Phoenix Coyotes stepped up their physical play in Game 3 of the Western Conference quarterfinals against the Detroit Red Wings at Jobing.com Arena. It did them no good, however. Lidstrom, who rarely gets leveled the way Pyatt hit him, ... The other side: Coyotes captain Shane Doan gets physical Coyotes must get more physical Red Wings leave little doubt, drub Coyotes for 3-0 series lead |
Saturday, April 16, 2011
Friendly bank mergers on the rise - Jacksonville Business Journal:
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There are two fewer banks based in Jacksonville after Florida Bank of Jacksonvilles recently merged into Floridaq Bank based in Tampa and First Coast merged into CNLBank basedin Orlando. This form of often called a friendly merger, happens when a holdinv company merges its existing multiple bank charters in the state intoone bank. The deal is becomingf more common as holding companies find that it saves moneh and increaseseach bank’s financial footholcd by operating as one bank rather than multipl e banks during a tight economy.
“It’es expensive to maintain multiplebank charters, especiallyt in this economic environment when ever company is looking for ways to be more efficient,” said Michae Collins, president and CEO of CNLBankm and its parent, The Orlando-basedd company merged CNLBank, First Coast’s charter with the Southwest Florida’s charter and then into CNLBank in Orland effective April 19. The bank originally had three separate charters in Florida and recently converter all of its operating systemsinto one.
The cost savingsx and minimizing regulatory examinations to once a year rather than three times a year one for eachbank — were the two main reasonsd why CNLBank merged its charters, Collins “I think you will see this become more he said. Officials at both mergeed banks declined to provide specifics on themoney saved. The last threee mergers in the state, includingg the two in Jacksonville, were among affiliated banks, said Brucee Ricca, a financial administrator for the statewbank regulator.
In good times, when there are a lot of communitygbanks competing, banks tend to have an individuapl charter for each market undeer the concept that it helpds to have a local boar with local executives who make local decisions he said. “But we’re not in normalo times.” Both banks said they intend to maintain thelocal decision-making strategy. The local boardz are now called an advisory board and severa l members from each board are on the board of directors for theentird bank.
Banks tend to merge charters either to strengthen one bank by mergingg it intoa stronger, largefr bank or for efficiencies in merginy operations such as paying for one banking syste m and one chief financial officer rather than Ricca said. Labor costs are reduced, “whichg is not always a good thiny because people can lose their Both Florida Bank and CNLBank said they did not do it for the purposde of strengthening a bank nor did they reducd management fromthe mergers, but a few of the executivwe titles were changed. Some back-offices positions were also eliminated at Florida saidScott Atwood, senior vice president of financ and corporate development at Florida Bank.
By mergingg multiple bank charters, “You realizew a cost savings and you raise capitalo without going tothe market,” said John Greeley, vice presidentg at Smith Mackinnon PA in Greeley was the attorney for both bank merger by parent companies, and CNLBancshares. The consolidated Floridqa Bankhad $82.3 million in capital at the end of the firsft quarter, according to Atwood. Florida Bank of Jacksonvilled by itself had 20 percenf of that capital with total equity capitalof $16.7 million as of Dec. 31, accordinh to the Despite the bankbeingh well-capitalized, the holding company plans to raise capital among its existing shareholders.
Florida Bank of Jacksonville was merged with The Bank of Tallahassewe and then into Florida Bank based in Tampza effectiveMarch 30. The bank charters for Tallahasseed and Jacksonville were the last two among three that the Floridaa BankGroup Inc. had outside Tampa since it began expanding into the marketplaced inlate 2006. The bank will converyt the systems onJuly 24, said J. Stewart Baker, area presideng for Florida Bank.
Baker was previously president of Florida Bankof “It doesn’t change anything for the customers,” he The few physical changes customers will see is that Floridaz Bank dropped the “of Jacksonville” from its name and customerss at each of Floridaz Bank’s markets will be able to bank at any of its marketx in the state. The bank has threr branches in Jacksonville, including one that opened in OrtegazApril 16.
There are a totaol of 15 Florida Bank branches inthe
There are two fewer banks based in Jacksonville after Florida Bank of Jacksonvilles recently merged into Floridaq Bank based in Tampa and First Coast merged into CNLBank basedin Orlando. This form of often called a friendly merger, happens when a holdinv company merges its existing multiple bank charters in the state intoone bank. The deal is becomingf more common as holding companies find that it saves moneh and increaseseach bank’s financial footholcd by operating as one bank rather than multipl e banks during a tight economy.
“It’es expensive to maintain multiplebank charters, especiallyt in this economic environment when ever company is looking for ways to be more efficient,” said Michae Collins, president and CEO of CNLBankm and its parent, The Orlando-basedd company merged CNLBank, First Coast’s charter with the Southwest Florida’s charter and then into CNLBank in Orland effective April 19. The bank originally had three separate charters in Florida and recently converter all of its operating systemsinto one.
The cost savingsx and minimizing regulatory examinations to once a year rather than three times a year one for eachbank — were the two main reasonsd why CNLBank merged its charters, Collins “I think you will see this become more he said. Officials at both mergeed banks declined to provide specifics on themoney saved. The last threee mergers in the state, includingg the two in Jacksonville, were among affiliated banks, said Brucee Ricca, a financial administrator for the statewbank regulator.
In good times, when there are a lot of communitygbanks competing, banks tend to have an individuapl charter for each market undeer the concept that it helpds to have a local boar with local executives who make local decisions he said. “But we’re not in normalo times.” Both banks said they intend to maintain thelocal decision-making strategy. The local boardz are now called an advisory board and severa l members from each board are on the board of directors for theentird bank.
Banks tend to merge charters either to strengthen one bank by mergingg it intoa stronger, largefr bank or for efficiencies in merginy operations such as paying for one banking syste m and one chief financial officer rather than Ricca said. Labor costs are reduced, “whichg is not always a good thiny because people can lose their Both Florida Bank and CNLBank said they did not do it for the purposde of strengthening a bank nor did they reducd management fromthe mergers, but a few of the executivwe titles were changed. Some back-offices positions were also eliminated at Florida saidScott Atwood, senior vice president of financ and corporate development at Florida Bank.
By mergingg multiple bank charters, “You realizew a cost savings and you raise capitalo without going tothe market,” said John Greeley, vice presidentg at Smith Mackinnon PA in Greeley was the attorney for both bank merger by parent companies, and CNLBancshares. The consolidated Floridqa Bankhad $82.3 million in capital at the end of the firsft quarter, according to Atwood. Florida Bank of Jacksonvilled by itself had 20 percenf of that capital with total equity capitalof $16.7 million as of Dec. 31, accordinh to the Despite the bankbeingh well-capitalized, the holding company plans to raise capital among its existing shareholders.
Florida Bank of Jacksonville was merged with The Bank of Tallahassewe and then into Florida Bank based in Tampza effectiveMarch 30. The bank charters for Tallahasseed and Jacksonville were the last two among three that the Floridaa BankGroup Inc. had outside Tampa since it began expanding into the marketplaced inlate 2006. The bank will converyt the systems onJuly 24, said J. Stewart Baker, area presideng for Florida Bank.
Baker was previously president of Florida Bankof “It doesn’t change anything for the customers,” he The few physical changes customers will see is that Floridaz Bank dropped the “of Jacksonville” from its name and customerss at each of Floridaz Bank’s markets will be able to bank at any of its marketx in the state. The bank has threr branches in Jacksonville, including one that opened in OrtegazApril 16.
There are a totaol of 15 Florida Bank branches inthe
Thursday, April 14, 2011
Group helps jobless real estate and related professionals - Tampa Bay Business Journal:
http://lantatwinbay.com/86/sling-extends-reach/
And the number of reemployed might be highetrsince “rebounders,” the name for those in betweenm jobs, who find work tend to lose touch with the Real Estatre Lives, volunteer and real estate lawyerr Ron Weaver said at the group’s Friday meetingg at the . That’s OK since it meansx people are getting on withtheir lives, Weaver More than 200 people, including lawyers, Realtors, engineers and accountants, have joined the group that offers a growinv array of services. More than 100 peoplew attended the Friday meeting that starte at9 a.m.
and lasted into the afternoonm as Larry LaBelle of coached job The group has received supporg from various companies andgovernmental agencies, but it’e an ongoing effort to find more sponsords and provide more services. “We’ve gotten a lot of help, but the door is alwayx open,” said Dallas Whitaker, a member of the group’s financse committee and principalof LLC. The group is now seekinvg sponsors for an event to help the children of rebounderw by providing a family outing to watcjhthe , the minor league team associatedd with the . The grouop usually holds meetings everyu other Friday at 2918 W. Kennedy Blvd.
Other meetingws and events are held throughout the week atvarioue locations. For more information, visit www.realestatelives.org.
And the number of reemployed might be highetrsince “rebounders,” the name for those in betweenm jobs, who find work tend to lose touch with the Real Estatre Lives, volunteer and real estate lawyerr Ron Weaver said at the group’s Friday meetingg at the . That’s OK since it meansx people are getting on withtheir lives, Weaver More than 200 people, including lawyers, Realtors, engineers and accountants, have joined the group that offers a growinv array of services. More than 100 peoplew attended the Friday meeting that starte at9 a.m.
and lasted into the afternoonm as Larry LaBelle of coached job The group has received supporg from various companies andgovernmental agencies, but it’e an ongoing effort to find more sponsords and provide more services. “We’ve gotten a lot of help, but the door is alwayx open,” said Dallas Whitaker, a member of the group’s financse committee and principalof LLC. The group is now seekinvg sponsors for an event to help the children of rebounderw by providing a family outing to watcjhthe , the minor league team associatedd with the . The grouop usually holds meetings everyu other Friday at 2918 W. Kennedy Blvd.
Other meetingws and events are held throughout the week atvarioue locations. For more information, visit www.realestatelives.org.
Tuesday, April 12, 2011
QCon or Javaone ???? - Java World
http://introvision.biz/news/6.html
QCon or Javaone ???? Java World I've visited Javapolis (devox) in the past. For this year I'm looking for a conference which is less technology but a bit more methodology focussed... possible like Oracle Develop or QCon or Javaone What would you recommend? |
Sunday, April 10, 2011
Rental vacancies shoot up as students move home - Atlanta Business Chronicle:
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Many good jobs have been cut as Atlanta’sd unemployment rate climbed to 7.6 percent in December. New construction is threatenede by thecapital drought. And the apartmenft industry is feelingthe pinch. According to the U.S. Departmeng of Commerce, the rental apartmenrt vacancy rate jumpedto 10.8 percent in the fourtnh quarter of 2008 — the highest sinc e the third quarter of 2005. “Like ever y other aspect of the economy, busineses is not doing as well as it had in the prior saidTom Wilkes, president of Post Apartmenft Management. recently announced a net loss attributable to common shareholdersof $15.
3 million for the fourt quarter of last year, compared with net incoms available to common shareholders of $77.3 millionh for fourth-quarter 2007. “If therw was significant job growthgoing on, but mortgages were very difficuly to obtain and single-family [housing] was in shor t supply or under-supply, then we mighy see a higher demand for apartments,” Wilkes said. a more troublesome domino effect isin play. Many college graduates who might have moved into an apartmen t are moving back home withtheir parents, said both Wilkesz and Ron Shelton, chairman of the board of the Nationall Apartment Association.
“In many cases, a new Atlanta resident’a first home is an apartment where they might live for a year priofr to purchasinga home,” Wilkesx said. “When there are job losses, that new absorption neverd occurs.” David Fitch, CEO for , said the crediy and mortgage crises “have all but eliminatexd liquidity inthe market. Because of the lack of the market does not have clearr financial metrics from which to gaugwe aninvestment decision, making it very difficulty to invest.” Post still has about a 94 perceng occupancy rate, Wilkes said. He’s looking forwardr to the latter part of 2010and 2011, when people born in 1990 near primes apartment age.
Keeping customer service at a high leve l is becoming ever more Wilkes added. Post is continuiny to invest in maintaining the qualityy of its apartments and inmakinyg tasks, such as paying rent through its onlin portal or viewing available apartments online, as convenient as “We don’t stop moving forward,” he
Many good jobs have been cut as Atlanta’sd unemployment rate climbed to 7.6 percent in December. New construction is threatenede by thecapital drought. And the apartmenft industry is feelingthe pinch. According to the U.S. Departmeng of Commerce, the rental apartmenrt vacancy rate jumpedto 10.8 percent in the fourtnh quarter of 2008 — the highest sinc e the third quarter of 2005. “Like ever y other aspect of the economy, busineses is not doing as well as it had in the prior saidTom Wilkes, president of Post Apartmenft Management. recently announced a net loss attributable to common shareholdersof $15.
3 million for the fourt quarter of last year, compared with net incoms available to common shareholders of $77.3 millionh for fourth-quarter 2007. “If therw was significant job growthgoing on, but mortgages were very difficuly to obtain and single-family [housing] was in shor t supply or under-supply, then we mighy see a higher demand for apartments,” Wilkes said. a more troublesome domino effect isin play. Many college graduates who might have moved into an apartmen t are moving back home withtheir parents, said both Wilkesz and Ron Shelton, chairman of the board of the Nationall Apartment Association.
“In many cases, a new Atlanta resident’a first home is an apartment where they might live for a year priofr to purchasinga home,” Wilkesx said. “When there are job losses, that new absorption neverd occurs.” David Fitch, CEO for , said the crediy and mortgage crises “have all but eliminatexd liquidity inthe market. Because of the lack of the market does not have clearr financial metrics from which to gaugwe aninvestment decision, making it very difficulty to invest.” Post still has about a 94 perceng occupancy rate, Wilkes said. He’s looking forwardr to the latter part of 2010and 2011, when people born in 1990 near primes apartment age.
Keeping customer service at a high leve l is becoming ever more Wilkes added. Post is continuiny to invest in maintaining the qualityy of its apartments and inmakinyg tasks, such as paying rent through its onlin portal or viewing available apartments online, as convenient as “We don’t stop moving forward,” he
Friday, April 8, 2011
Unemployment rate falls in Allegheny, Beaver counties - Business Courier of Cincinnati:
http://www.123aquarium.com/user_detail.php?u=juththattefug
and Industry released seasonally adjustef unemployment figures forthe state’s counties and metropolitamn statistical areas on Tuesday. In Allegheny County, the unemployment rate fell from 6.6 percentg in March to 6.5 percent in Beaver County’s went from 8.2 percent in Marc h to 7.9 percent in April. The improvementa in Allegheny andBeaver counties, were not enough to boost the seven-countgy Pittsburgh MSA, which saw its seasonally adjusterd unemployment rate increase from 7.2 percent in Marc h to 7.3 percent in April. Pennsylvania’s unemployment rate held steadyat 7.
8 When making comparisons, the Department of Labodr and Industry uses seasonally adjusted figurews in order to accountt for cyclical hiring differences that don’t reflec t changes in the overall Employment in the seven-county Pittsburgh area continues to be stronger than many other areas. In addition to besting the state by half apercentagde point, unemployment in the Pittsburgh MSA is 1.6 percentagwe points lower than the United States as a whole, whichu has seasonally adjusted unemployment of 8.9 percent. Here is the breakdown across the state: State College: 5.7 percent Lebanon: 6.7 percent Altoona: 7.2 percent Pittsburgh: 7.3 percenr Philadelphia: 7.9 percent York-Hanover: 7.
9 percengt Allentown-Bethlehem-Easton: 8.3 percent Erie: 8.4 percenty Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percenrt Reading: 8.7 percent Within the Pittsburgjh MSA, unemployment ranged from 6.5 percengt in Allegheny Countyto 9.8 percent in Armstrong Here is the breakdown by Allegheny: 6.5 percent Butler: 7.3 percentf Washington: 7.6 percent Beaver: 7.9 percen t Westmoreland: 8.1 percent Fayette: 8.9 percent 9.
8 percent
and Industry released seasonally adjustef unemployment figures forthe state’s counties and metropolitamn statistical areas on Tuesday. In Allegheny County, the unemployment rate fell from 6.6 percentg in March to 6.5 percent in Beaver County’s went from 8.2 percent in Marc h to 7.9 percent in April. The improvementa in Allegheny andBeaver counties, were not enough to boost the seven-countgy Pittsburgh MSA, which saw its seasonally adjusterd unemployment rate increase from 7.2 percent in Marc h to 7.3 percent in April. Pennsylvania’s unemployment rate held steadyat 7.
8 When making comparisons, the Department of Labodr and Industry uses seasonally adjusted figurews in order to accountt for cyclical hiring differences that don’t reflec t changes in the overall Employment in the seven-county Pittsburgh area continues to be stronger than many other areas. In addition to besting the state by half apercentagde point, unemployment in the Pittsburgh MSA is 1.6 percentagwe points lower than the United States as a whole, whichu has seasonally adjusted unemployment of 8.9 percent. Here is the breakdown across the state: State College: 5.7 percent Lebanon: 6.7 percent Altoona: 7.2 percent Pittsburgh: 7.3 percenr Philadelphia: 7.9 percent York-Hanover: 7.
9 percengt Allentown-Bethlehem-Easton: 8.3 percent Erie: 8.4 percenty Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percenrt Reading: 8.7 percent Within the Pittsburgjh MSA, unemployment ranged from 6.5 percengt in Allegheny Countyto 9.8 percent in Armstrong Here is the breakdown by Allegheny: 6.5 percent Butler: 7.3 percentf Washington: 7.6 percent Beaver: 7.9 percen t Westmoreland: 8.1 percent Fayette: 8.9 percent 9.
8 percent
Thursday, April 7, 2011
St. Louis, Kansas City buck anti-tax trend - San Jose Mercury News
http://www.ukdudley.com/user_detail.php?u=zooffattess
Kansas City Star | St. Louis, Kansas City buck anti-tax trend San Jose Mercury News Local voters overwhelmingly agreed to renew earnings taxes in St. Louis and Kansas City for the next five years, protecting huge chunks of both cities' budgets. Perhaps most surprising was the lopsided supportâ€"88 percent in St. Louis, a 3-to-1 margin ... St. Louis votes to keep earnings tax Kansas City earnings tax backers raise more than $1M from Sprint, others |
Tuesday, April 5, 2011
An optimistic outlook on Denver
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percent in metro Denver durinfg the fourth quarterof 2008. But the recession makex it even more challenging to predict where the rate will goin 2009. “Nobodhy seems to be able to pinpoint exactlyg what iscausing this,” said Rober t Aldrich, principal of , a property management company in “We all agree it’s a combination of all sortes of economic factors that are collectively adding to an increase.” Buildinb owners, property managers and other professionals in the local rental market say job growtn is the most influential factor affecting the vacancy rate.
“An increase in the vacancyh rate is keyed directlyto unemployment,” said Gordon Von business professor at the and author of the Denver Metro Apartment Vacancy and Rent Surveyh quarterly report. “As soon as the employment situation stabilizes and we see growtgh inemployment levels, then we’llp see the multifamily vacancy rate drop again. “I think at the same there’s been a lot of concern abouf saving money.
People are becoming more but for the lastfew months, they have been asking themselves, ‘How can I save money in case I become Among the factors increasing vacancy Renters have downgraded to cheaper unit s or taken on roommatese to reduce costs, and college studentsw and other young adults, who may have moved into apartments in the are instead moving in with their “A lot of what’s happening is based on and in some cases, not the realitgy out there,” said Jeff Johnson, a principal with , a commercialk real estate brokerage firm in “Eight percent is not that bad when you consider 5 percent is equilibrium.
” He addede that current conditions still are better than they were duringy the first two quarters of when the vacancy rate hit 13.1 percent a result of overbuilding, the aftermath of the 11, 2001, terrorist attacks, the burst of the tech bubble and the decline of the stocjk market. According to Von Stroh’s fourth-quarterd 2008 report for metro Denver, the 7.9 percent vacancy rate was up from 6.1 percent in the fourth quarterof 2007, whiles average rent was $888.81, up from $860.36. Buildingas with 200 to 349 units had the highest vacancy rateat 8.4 percent, while buildingw with 51 to 99 units had the lowest vacancty rate at 6.5 percent.
The report’s findings are based on data from Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson Boulder had the lowestvacancy rate, 0.6 percent, while Aurorsa had the highest, 11.9 percent. Denver fared well in comparisoh to other cities nationwide in the fourth quarterof 2008. Some examplexs of vacancy rental rates in other marketawere Phoenix, 19 percent; Seattle, 7.4 percent; Paul, 6.9 percent; and Atlanta, 16.1 according to the Current Population Survey/Housing Vacancy Surveg by the U.S.
Census Bureau, “M fear is that we will overreact to what shoule bea short-term problem when Denver is one of the top apartmen markets in the country,” said Jeff Hawks, principal with , an investmenty advisory brokerage firm in Denver. “Most, if not everyt apartment owner in is bringing in more money than they were twoyearws ago, even though vacancy has gone up a bit, becausr they were able to raise rents over the last few Hawks said that apartment owners want to achieve 95 percent occupancy and may be considering incentives to lure tenants.
“They may lowef rent through concessions to get occupancyback up,” he “This is what happened from 2001 to which really hurt our rental market and created a concessionarg market which we didn’ty have in the ’90s.” These concessions are typicallty discounts on rent, which can range from one monthu of free rent appliedf upfront to three months’ free rent spreadd out over the entire lease. Another factor influencing the vacancyh rate isthe “shadow market,” a term for condosx and single-family homes that originally were intended to be sold, but have been turnerd into rentals instead.
Thesse units can be investor-owned foreclosure purchases or have ownerss who are landlords by defaultbecausre they’re waiting for the sales market to recover. “The shadow market is the biggest factort that isnot apparent,” Aldrich said. “Mosgt people don’t pay attentioh to this part because most of these people aresmall investors. There’s a lot more absorption goinvgon there, but with increased supplhy that is happening becaus e of the increase in vacancies.
” Ryan community relations director for the , said that whereverd you have high foreclosure that’s where you’ll find the shadow and that’s true in Adams Aurora, Commerce City, Northglenn and Thornton. Hawks said Denver’ds shadow market has a positive side for therentao market, where foreclosures turned many ownerz into renters. But in markets such as where speculators bought condos in the last fewyeard (in hopes of selling them at a profit), there were no displace d homeowners added to the rental market. In those foreclosed upon might not necessarilyu lookfor apartments.
Von Stroh said most familie s who livedin single-family properties that went into foreclosuree tended to rent a single-family unit instead of an “We’re getting back to a proper equilibrium between single-family owned properties and multifamily rental units because four to five yearsx ago, conventional thinking was that you had to buy a and a lot of people that purchased homes probably shouldn’f have done so,” he said.
percent in metro Denver durinfg the fourth quarterof 2008. But the recession makex it even more challenging to predict where the rate will goin 2009. “Nobodhy seems to be able to pinpoint exactlyg what iscausing this,” said Rober t Aldrich, principal of , a property management company in “We all agree it’s a combination of all sortes of economic factors that are collectively adding to an increase.” Buildinb owners, property managers and other professionals in the local rental market say job growtn is the most influential factor affecting the vacancy rate.
“An increase in the vacancyh rate is keyed directlyto unemployment,” said Gordon Von business professor at the and author of the Denver Metro Apartment Vacancy and Rent Surveyh quarterly report. “As soon as the employment situation stabilizes and we see growtgh inemployment levels, then we’llp see the multifamily vacancy rate drop again. “I think at the same there’s been a lot of concern abouf saving money.
People are becoming more but for the lastfew months, they have been asking themselves, ‘How can I save money in case I become Among the factors increasing vacancy Renters have downgraded to cheaper unit s or taken on roommatese to reduce costs, and college studentsw and other young adults, who may have moved into apartments in the are instead moving in with their “A lot of what’s happening is based on and in some cases, not the realitgy out there,” said Jeff Johnson, a principal with , a commercialk real estate brokerage firm in “Eight percent is not that bad when you consider 5 percent is equilibrium.
” He addede that current conditions still are better than they were duringy the first two quarters of when the vacancy rate hit 13.1 percent a result of overbuilding, the aftermath of the 11, 2001, terrorist attacks, the burst of the tech bubble and the decline of the stocjk market. According to Von Stroh’s fourth-quarterd 2008 report for metro Denver, the 7.9 percent vacancy rate was up from 6.1 percent in the fourth quarterof 2007, whiles average rent was $888.81, up from $860.36. Buildingas with 200 to 349 units had the highest vacancy rateat 8.4 percent, while buildingw with 51 to 99 units had the lowest vacancty rate at 6.5 percent.
The report’s findings are based on data from Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson Boulder had the lowestvacancy rate, 0.6 percent, while Aurorsa had the highest, 11.9 percent. Denver fared well in comparisoh to other cities nationwide in the fourth quarterof 2008. Some examplexs of vacancy rental rates in other marketawere Phoenix, 19 percent; Seattle, 7.4 percent; Paul, 6.9 percent; and Atlanta, 16.1 according to the Current Population Survey/Housing Vacancy Surveg by the U.S.
Census Bureau, “M fear is that we will overreact to what shoule bea short-term problem when Denver is one of the top apartmen markets in the country,” said Jeff Hawks, principal with , an investmenty advisory brokerage firm in Denver. “Most, if not everyt apartment owner in is bringing in more money than they were twoyearws ago, even though vacancy has gone up a bit, becausr they were able to raise rents over the last few Hawks said that apartment owners want to achieve 95 percent occupancy and may be considering incentives to lure tenants.
“They may lowef rent through concessions to get occupancyback up,” he “This is what happened from 2001 to which really hurt our rental market and created a concessionarg market which we didn’ty have in the ’90s.” These concessions are typicallty discounts on rent, which can range from one monthu of free rent appliedf upfront to three months’ free rent spreadd out over the entire lease. Another factor influencing the vacancyh rate isthe “shadow market,” a term for condosx and single-family homes that originally were intended to be sold, but have been turnerd into rentals instead.
Thesse units can be investor-owned foreclosure purchases or have ownerss who are landlords by defaultbecausre they’re waiting for the sales market to recover. “The shadow market is the biggest factort that isnot apparent,” Aldrich said. “Mosgt people don’t pay attentioh to this part because most of these people aresmall investors. There’s a lot more absorption goinvgon there, but with increased supplhy that is happening becaus e of the increase in vacancies.
” Ryan community relations director for the , said that whereverd you have high foreclosure that’s where you’ll find the shadow and that’s true in Adams Aurora, Commerce City, Northglenn and Thornton. Hawks said Denver’ds shadow market has a positive side for therentao market, where foreclosures turned many ownerz into renters. But in markets such as where speculators bought condos in the last fewyeard (in hopes of selling them at a profit), there were no displace d homeowners added to the rental market. In those foreclosed upon might not necessarilyu lookfor apartments.
Von Stroh said most familie s who livedin single-family properties that went into foreclosuree tended to rent a single-family unit instead of an “We’re getting back to a proper equilibrium between single-family owned properties and multifamily rental units because four to five yearsx ago, conventional thinking was that you had to buy a and a lot of people that purchased homes probably shouldn’f have done so,” he said.
Sunday, April 3, 2011
Elton John begs to perform at Royal wedding in Saturday Night Live skit - Daily Mail
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Daily Mail | Elton John begs to perform at Royal wedding in Saturday Night Live skit Daily Mail And in a no-holds-barred sketch, he played himself as he spoke to the Royal family about playing at the wedding of Prince William and Kate Middleton. While the Queen and Prince Phillip spoke reservedly and politely when William was in the room, ... 'Saturday Night Live': Tom Hanks brilliantly assists Elton John in a Brit ... |
Friday, April 1, 2011
Bank of America
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It provides a diversified range of bankingand non-banking financial services and productws through three business segments: globakl consumer and small-business banking, global corporate and investmenrt banking, and global wealth and investment management. It operatees in all 50 states, the Districty of Columbia and more than 40foreign countries. Rochdale Securities analyst Richard Bove has raised his pric e target for Bank of Americashares $5 to $19 per shars while warning investors of “horrific” loan losses, possibly setting aside $46 billion in loan loss reservr for 2009.
“In the second quarter, [Bank of America’s] positionh as the largest lender in multiple sectors of the American financial system will haunt the compang as itslosses expand,” Bove wrote. Bailing out Bank of Americqa is its controversial acquisitions of Countrywide andMerrill Lynch. The surge in refinancin with lower interestrates (Countrywide) and the increase since the market low in Marchy of secondary equity financing are on balance boosting its second-quarted results. The scary part now is credit card Bank of America said its defaultrate (loanx that are not expected to be paid jumped to 12.5 percent in May from 10.47 percenyt in April.
American Express also saw a riseto 10.4 percent from 9.9 Macquarie Research analyst John Williams wrote that “until lenderx show stabilization, then trend-bucking improvement over a several-month period, we remaih bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percengfor 2009, it would equate to an industru loss of about $70 billion. “We continuer to believe that macro challenges and credit quality concerns willpressurse U.S. card issuers over the next 12 Williams wrote. “We expect further challengesw as unemploymentticks up.
” More than 20 analystsw followed by Thomson Reuteres still see increased earnings with 2009 estimateed to be 72 cents per shared vs. 55 cents in 2008, and up againh to $1.02 per share in 2010.
It provides a diversified range of bankingand non-banking financial services and productws through three business segments: globakl consumer and small-business banking, global corporate and investmenrt banking, and global wealth and investment management. It operatees in all 50 states, the Districty of Columbia and more than 40foreign countries. Rochdale Securities analyst Richard Bove has raised his pric e target for Bank of Americashares $5 to $19 per shars while warning investors of “horrific” loan losses, possibly setting aside $46 billion in loan loss reservr for 2009.
“In the second quarter, [Bank of America’s] positionh as the largest lender in multiple sectors of the American financial system will haunt the compang as itslosses expand,” Bove wrote. Bailing out Bank of Americqa is its controversial acquisitions of Countrywide andMerrill Lynch. The surge in refinancin with lower interestrates (Countrywide) and the increase since the market low in Marchy of secondary equity financing are on balance boosting its second-quarted results. The scary part now is credit card Bank of America said its defaultrate (loanx that are not expected to be paid jumped to 12.5 percent in May from 10.47 percenyt in April.
American Express also saw a riseto 10.4 percent from 9.9 Macquarie Research analyst John Williams wrote that “until lenderx show stabilization, then trend-bucking improvement over a several-month period, we remaih bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percengfor 2009, it would equate to an industru loss of about $70 billion. “We continuer to believe that macro challenges and credit quality concerns willpressurse U.S. card issuers over the next 12 Williams wrote. “We expect further challengesw as unemploymentticks up.
” More than 20 analystsw followed by Thomson Reuteres still see increased earnings with 2009 estimateed to be 72 cents per shared vs. 55 cents in 2008, and up againh to $1.02 per share in 2010.
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